Long term argument for bitcoin

[cafucafucafu]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

First of all, bitcoin has the most trust out of every single altcoin. Altcoins are essentially a zero sum overall game that speculators play, because it is so volatile. Bitcoin's price volatility is already criticized by a lot of bitcoin skeptics, and altcoins' volatility is just on a different level.

Being teh first cryptocurrency around means that bitcoin has the largest user base, probably many times more than Ethereum which is the 2nd largest crypto by market cap. Altcoins wouldn't exist without bitcoin, their idea is all based off bitcoin's.

Not sure if you are aware of this either, but a lot of the hype recently is generated from ICOs which are designed to benefit the founders and the core team of an altcoin. The fact that altcoins are for-profit and bitcoin is not, makes a huge difference as well. No matter how advanced the technology is, people will always only need bitcoin. These are all arguments as to why you should hold btc instead of alts in the long term. People thought litecoins were a good long term bet, they thought namecoin and peercoin were groundbreaking as well, but ultimately they all fell.

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[Yuuto]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

The exact same reason why people are reluctant to move to bitcoin.

To break people's habits and beliefs in something that they have touched first is extremely hard. People have used fiat since they were growing up and it's probably the first currency that they've ever used. Therefore, trying to sell the idea of bitcoin to someone can be hard, especially to older people.

But the major difference is that bitcoin is groundbreaking technology. It is the first functional cryptocurrency to be based on blockchain technology. All the altcoins are just derived from the idea of bitcoin. And plus, they'll always be called an "altcoin", instead of a much nicer name of bitcoin.

In the long term, bitcoin price will rise steadily. Though in hte short term you might see major fluctuations from one halving to another.

[deisik]

Not sure if you are aware of this either, but a lot of the hype recently is generated from ICOs which are designed to benefit the founders and the core team of an altcoin. The fact that altcoins are for-profit and bitcoin is not, makes a huge difference as well. No matter how advanced the technology is, people will always only need bitcoin. These are all arguments as to why you should hold btc instead of alts in the long term. People thought litecoins were a good long term bet, they thought namecoin and peercoin were groundbreaking as well, but ultimately they all fell

Litecoins still seem to be a good bet

Especially if things go decisively wrong for Bitcoin (which is far from being completely impossible). Aside from that, I can't agree that "people will always only need bitcoin", no matter what. As to me, it is not so much about technology (the same Litecoin is already more advanced than Bitcoin), as about profits. People will need Bitcoin only as long as it continues to bring profits in the long run. If it fails and some other coin fills the void (i.e. starts to consistently bring more profits than Bitcoin), folks will quickly forget about Bitcoin. Don't get delusional about that

[guoyu78]

Bitcoin is a successful experiment, but litecoin just has reached the ground. In the start itself it gave a threatening to the bitcoin. But it was with a short time period was overcome by bitcoin avoiding the splitting and other issues. In this way think wise and decide which one you'll be selecting to be on the safe side.

with Litecoin will never reach to the power of bitcoin you know why. It seems like you are comparing son his father. Threading is given by everyone who are the competitors. Competitors never want to see that his opponent going well therefore litecoin started threatening to bitcoin.Because Litecoin what to take a place of bitcoin and now bitcoin is totally safe.

[Gouverne]

Recently is seemed the son is gathering more and more people. As i can see there are more and more people thinking about litecoin right now and it is surging !

[Yuhee]

Not sure if you are aware of this either, but a lot of the hype recently is generated from ICOs which are designed to benefit the founders and the core team of an altcoin. The fact that altcoins are for-profit and bitcoin is not, makes a huge difference as well. No matter how advanced the technology is, people will always only need bitcoin. These are all arguments as to why you should hold btc instead of alts in the long term. People thought litecoins were a good long term bet, they thought namecoin and peercoin were groundbreaking as well, but ultimately they all fell

Litecoins still seem to be a good bet

Especially if things go decisively wrong for Bitcoin (which is far from being completely impossible). Aside from that, I can't agree that "people will always only need bitcoin", no matter what. As to me, it is not so much about technology (the same Litecoin is already more advanced than Bitcoin), as about profits. People will need Bitcoin only as long as it continues to bring profits in the long run. If it fails and some other coin fills the void (i.e. starts to consistently bring more profits than Bitcoin), folks will quickly forget about Bitcoin. Don't get delusional about that

And frankly btc is great but it has also served as the starting grounds for any cryptocurrencies  out there. Lets face it everyday we are advancing specially technology. We cant simple avoid some facts that btc will not always be  number 1 but creators of btc will always have the upper hand. Its not the technology thats gonna make it famous but the creators themselves. Lets not just focus on creation, try knowing the creators first for smarter approaches towards anything.

[omonuyak]

Bitcoin been the first is very important! Currently bitcoin is servings as a gold standard for others altcoin. Bitcoin has face alot of challenge and overcome them All  because of one thing " the owner or founder was not greedy" not just like owners of different ICO or new project we are having today. Major of them are selfish and interest on personal profit instead of collective benefits.

[eann014]

Yes it is an important factor since bitcoin is the first and leading crypto-currencies that is why a lot people are confident that bitcoin will get on a long term and can be alive in a long run, for sure it will have a good value for the future. Maybe litecoin needs to have more advertisement to do. But as of now bitcoin is recommended as many people are using it and they know how bitcoin they do a lot.

[Anfisman]

I thought I chose bitcoin because it was the first and indeed very promising, maybe now many crypto currencies exist in the internet world, but they are of course in some beside different from bitcoin, now peoples have known Bitcoin extensively, so they would prefer bitcoin Than others. And one of the guarantees of crypto currency is that they have been legal to use, and currently bitcoins have been legal in some countries. So bitcoin is still better for me. 

[freeyourmind]

Adoption is key.  Same reason why useless USD fiat is #1 over other useless fiat currencies.  It's just accepted by more of the world (global reserve).

At the end of the day, I think that the asset based crypto's like Golem or Angur or Storj will eventually become very popular, since there is a purpose in the processing power dedicated to it.  Bitcoin requires a lot of processing power, which doesn't have an underlying purpose, other than being secure.

[LeoEspansq]

I thought I chose bitcoin because it was the first and indeed very promising, maybe now many crypto currencies exist in the internet world, but they are of course in some beside different from bitcoin, now peoples have known Bitcoin extensively, so they would prefer bitcoin Than others. And one of the guarantees of crypto currency is that they have been legal to use, and currently bitcoins have been legal in some countries. So bitcoin is still better for me. 

Bitcoin is now popular and best cryptocurrency, so its majority and chooses the long term. But no one can say exactly what will happen to him in a few years, so some people buy other currencies for subsistence.

[Nathland]

The answer is simple. Bitcoin without any doubt is the most popular cryptocurrency out there which makes it the best crypto to invest in. Bitcoin is the oldest cryptocurrency and is one of the fastest growing investment. Bitcoin can yield maximum returns in long run.

[darkangel]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Why do you trust bitcoin? Do you want to earn yourself some money or otherwise make money or own a property. When you have a goal and learn about bicoin, then be assured about it. This is a digital currency, not a virtual currency that people think. When you want to have some money to spend, you can sell a bitcoin that you hold and convert into cash or can participate in translations to make money. And work hard every day.

[eann014]

I thought I chose bitcoin because it was the first and indeed very promising, maybe now many crypto currencies exist in the internet world, but they are of course in some beside different from bitcoin, now peoples have known Bitcoin extensively, so they would prefer bitcoin Than others. And one of the guarantees of crypto currency is that they have been legal to use, and currently bitcoins have been legal in some countries. So bitcoin is still better for me. 

Bitcoin is now popular and best cryptocurrency, so its majority and chooses the long term. But no one can say exactly what will happen to him in a few years, so some people buy other currencies for subsistence.

Yeah we don't know what will happen with bitcoin for a few years but as of now I am enjoying to earn bitcoin and if bitcoin will fail me sooner or later I guess bitcoin will make way to improve again.

[ethereumhunter]

The answer is simple. Bitcoin without any doubt is the most popular cryptocurrency out there which makes it the best crypto to invest in. Bitcoin is the oldest cryptocurrency and is one of the fastest growing investment. Bitcoin can yield maximum returns in long run.

todays bitcoin is really popular among people and tomorrow bitcoin will become most famous. with many benefits from bitcoin, people can use bitcoin as an investment or make money in short way. many people hoping that they can make a big money but if they are make a wrong decision, then they need to waiting for a while because bitcoin and other coins is changing the price too often so if they want to sell their bitcoin to make money, make sure that we can sell at high price.

[youdacapt]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Why do you trust bitcoin? Do you want to earn yourself some money or otherwise make money or own a property. When you have a goal and learn about bicoin, then be assured about it. This is a digital currency, not a virtual currency that people think. When you want to have some money to spend, you can sell a bitcoin that you hold and convert into cash or can participate in translations to make money. And work hard every day.

The ratio of altcoin will be equivalent to bitcoin if the coin can be a benchmark of other altcoin conversion, the belief in this pair will encourage the enthusiasm of newer coins to engage with it, for example we can see from the smart contract ethereum, But judging from the increase in volume, bitcoin is still far superior, not as easy as expected.

[(altair)]

The answer is simple. Bitcoin without any doubt is the most popular cryptocurrency out there which makes it the best crypto to invest in. Bitcoin is the oldest cryptocurrency and is one of the fastest growing investment. Bitcoin can yield maximum returns in long run.

Simply because bitcoin has stabilize its name in the market. Playing major role in the crypto world and of course bitcoin is the first considering its originality not a copy cut and trusted by many.

[Harlot]

I believe so, I agree with you that there are other altcoins there in the cryptocurrency world in fact some are better than Bitcoin. But the main difference is that separates Bitcoin to others is that Bitcoin has the largest demand of them all, you can see how the prices are compared to other which means it has a greater demand compared to others. That is the benefit of being a pioneer in the market they are the ones who gets more attention or popularity as Bitcoin is the face of cryptocurrency.

[deisik]

I believe so, I agree with you that there are other altcoins there in the cryptocurrency world in fact some are better than Bitcoin. But the main difference is that separates Bitcoin to others is that Bitcoin has the largest demand of them all, you can see how the prices are compared to other which means it has a greater demand compared to others. That is the benefit of being a pioneer in the market they are the ones who gets more attention or popularity as Bitcoin is the face of cryptocurrency

This benefit wouldn't last long on its own

For example, there were quite a few companies in the past which had been pioneers in some field, but most of them got eventually crowded out, forced into oblivion by more successful descendants that came after them and then completely forgotten by society. Bitcoin has been successful mostly because it didn't face serious development issues until lately while other coins couldn't suggest anything beyond imagination which would attract a lot of people. Basically, other coins couldn't offer long-term profitability comparable to or exceeding that of Bitcoin

[hatshepsut93]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Bitcoin has the best team of developers, altcoin developers often screw up and have to do hard forks, and they might even be very centralised, like Ethereum. So there's much more than just history to Bitcoin. Bitcoin also has the biggest amount of nodes, miners and hashing power. meaning it's the hardest coin to attack, while smaller coins could be an easier target.