Long term argument for bitcoin

[Lampaster]

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

The most powerful corporations in the market are those that have a very long history. There are certainly cases when the descendants of the more successful, but this is the exception to the rule. People always trust the long history of the company and therefore the name and the history of the company is very expensive.

[icecube45]

Actually, bitcoin is more feasible in the long term than altcoin. Most altcoins have no longevity and tend to be scam, so it is very risky if for the long term. Although there are some altcoins such as ethereum, litecoin, etc. that have a future but not as good performance bitcoin if in the long term. Especially in the last 4 years bitcoin prices have increased every year, so it is also convinced that bitcoin is feasible for the long term. Actually the difference is not only bitcoin is the first, but also the adoption of bitcoin which is bigger than altcoin.

[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

The most powerful corporations in the market are those that have a very long history. There are certainly cases when the descendants of the more successful, but this is the exception to the rule. People always trust the long history of the company and therefore the name and the history of the company is very expensive.

I basically agree with that

That's what I tell myself, i.e. that corporations are inherently immortal and immoral (unlike us, humans), and the older they grow, the more powerful they become. That's why it is so hard for a generic human to beat a company (and still harder an old and well established corporation), they are like vampires that become only stronger with age. But that doesn't mean that these corporations were pioneers in their respective fields. For example, do you know which was the first company to produce an automobile in the US? It was Oldsmobile which was purchased by General Motors as early as 1908



Pioneers rarely make it to the top

[bit1]

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.

You mentioned very good arguments in a very simple and clear way, if I would add one thing would be the simplicity of use for the common user if we relate it against others coins, if we talk about arguments outside of that context perhaps we should mention as an argument the fungibility which is what is required for common transactions, I guess.

[lvincent]

Bitcoin is the first it is a big impact for me in choosing where to invest bitcoin is there since day one and it never turned me down i've got a lot of profit since then. Bitcoin is genuine and litecoin is an innovation same with the other altcoins, genuine will always be the best for me and i trust it the most. Bitcoin is the legend for me And legends never die.

[betMaster]

Of course it's the most important thing that bitcoin came first and had the opportunity to be a monopoly for a while thus being the most known and trusted for internet users before becoming an oligopoly with the arrival of other crypto currencies . We still witness the dominance of bitcoin and it's ability to maintain a growing trajectory through time surpassing all expectations and increasing it's market cap day by day . Bitcoin is sitting on the throne of cryptos and will remain on it for many years to come .

[bucker steemit]

that's not the main problem, it's true some altcoins have the same features as bitcoin and even some coins emerging always want to beat bitcoin but here we should know that bitcoin is the king of many coins because bitcoin is anonymous without anyone knowing, altcoin need bitcoin

[Granxis]

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.

Crypto is the first example of money in terms of Bitcoin, but Litecoin silent silence gained much value, the number of users increased, there was a value between 3-4 dollars a night. If Litecoin's advertisement was made, it would be $ 300.

[Opquar]

that's not the main problem, it's true some altcoins have the same features as bitcoin and even some coins emerging always want to beat bitcoin but here we should know that bitcoin is the king of many coins because bitcoin is anonymous without anyone knowing, altcoin need bitcoin

Bitcoin is not fully anonymous because transactions can be traced. It was not deisgned to be fully anonymous. Some altcoins offer full anonymity.

Ultimately, features are a moot point when compared to bitcoin's increasing value.

[Shamie1002]

In layman's terms, bitcoin is the original digital currency. Where in it is having the main functions of crypto currency
Altcoins in the other hand are copies and are added with features that bitcoin lacks.
Well most people including myself, thinks that it's a good thing for the are trying to develop its flaws for other possibility purposes but it was set in our minds that the original's foundation remains the strongest.
It's like people buys original brands than imitations.
Imitations gives you cheaper and short time benefits. But with the original branded things, it's for a long term keeps.
This is based on my opinion though.

[carodupuis]

Bitcoin is the first it is a big impact for me in choosing where to invest bitcoin is there since day one and it never turned me down i've got a lot of profit since then. Bitcoin is genuine and litecoin is an innovation same with the other altcoins, genuine will always be the best for me and i trust it the most. Bitcoin is the legend for me And legends never die.

It is not only you who believes in bitcoin. In fact there are number of people who actually believes in bitcoin including me. It is because of the reason that bitcoin has and is helping all of its investors in making as much amount of money as they want to. The way bitcoin is making such a good reputation in the international market as well as investors, I am very much sure that bitcoin is going to have a very bright future.

[Lumada]

Bitcoin is the first it is a big impact for me in choosing where to invest bitcoin is there since day one and it never turned me down i've got a lot of profit since then. Bitcoin is genuine and litecoin is an innovation same with the other altcoins, genuine will always be the best for me and i trust it the most. Bitcoin is the legend for me And legends never die.

It is not only you who believes in bitcoin. In fact there are number of people who actually believes in bitcoin including me. It is because of the reason that bitcoin has and is helping all of its investors in making as much amount of money as they want to. The way bitcoin is making such a good reputation in the international market as well as investors, I am very much sure that bitcoin is going to have a very bright future.

Its much easier now to convince anyone how effective and reliable bitcoin now, it can be googled everywhere, news were started to be seen in magazines and in television as well as popular personalities started to use it, i guess those who are not risk taker will only left in doubt.

[Hamstead]

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?

Yes, it totally matters into that. Knowing that if you are on top, most probably you can do a lot of things without limitations. Bitcoin is soaring wildly and nobody could stop for this. Though they are digital currencies but in some features and capabilities in gaining profit is very far from each other. Of course, everyone will go to the one that provide more rather than of providing less.

[chickenado]

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?

Yes we are confident enough to think that bitcoin is for long term investments than any other cryptocurrencies,its already proven from time to time..It is widely known and used in the market through its existence until now it proves that it really make people profit.Litecoin or some other cryptocurrencies will never exist without the idea and platforms of bitcoins thats why bitcoin has earn the trust of people than any other altcoins.

[BossMacko]

For me the reason why i chose Bitcoin rather than Litecoin are first Bitcoin was the first cryptocurrency therefore though litecoin has the same features like Bitcoin it is still a clone of Bitcoin (this is my opinion about the two). Second reason is that the Strength of Bitcoin it was proven over and over how Bitcoin survive those attacks. Well lets just hope that someday Litecoin will reach Bitcoin in the future.

[palle11]

I really don't see much difference between bitcoin and some of the altcoins that have same potential like bitcoin other than that, bitcoin was the first & the most likely the digital money known to most people and that keeps helping its popularity.

Other digital currency have the potential to do well like those who have low supplies at the moment. This is actually a wake up call to investors that some altcoin can spin - out money in the future and not necessarily only litecoin. The likes of SIC etc.

[Raegorl]

Bitcoin has first mover advantage, which is something that cannot be understated. If you ask around, most people have only ever heard of Bitcoin. The name is already a brand known worldwide (but not in mainstream yet).

That doesn`t guarantee anything going into the future, as it might change in the next 3-5 years.. But for now and the near future, Bitcoin will remain at the top.

[noictib]

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?

In actual you can found easily many coins with same technology but still we need to see toward the another factor that they are making thm more useful , more powerful , more stable , more fast , more realiable .
Here if a coin getting launch than the demand of the coin depends upon the features of the team that have how much experience and how much the owner invested money in the coin to make more better ( hosting data and faster network to have )  and also here marketing is a big thing .
We can see that many coins have same technology that the bitcoin have , but still are unknown like coins , so here we can understand well that how much they are stable and reliable in the public .

[Finestream]

Bitcoin has first mover advantage, which is something that cannot be understated. If you ask around, most people have only ever heard of Bitcoin. The name is already a brand known worldwide (but not in mainstream yet).

That doesn`t guarantee anything going into the future, as it might change in the next 3-5 years.. But for now and the near future, Bitcoin will remain at the top.

We cannot really tell when will the mainstream adoption will happen, but what we are seeing now is that bitcoin is progressing and we should be thankful of what it has already achieve now as that means people are trusting it with their investment. I have my bitcoin for long term hold, I don't know when I can sell this but I have a big target of price before I sell it and I optimistic it will happen in the next 10 years.

[Gozie51]

For me the reason why i chose Bitcoin rather than Litecoin are first Bitcoin was the first cryptocurrency therefore though litecoin has the same features like Bitcoin it is still a clone of Bitcoin (this is my opinion about the two). Second reason is that the Strength of Bitcoin it was proven over and over how Bitcoin survive those attacks. Well lets just hope that someday Litecoin will reach Bitcoin in the future.

I actually also believe bitcoin is the first and virtually every identify with bitcoin first before any other. This is part of the reason for the growth.

Meanwhile, is not only litecoin that has the capacity to be like bitcoin, many cryptos have that ability too like etheruem, waves and the likes. Buying some of these cryptos is good, they might turn out to be highly profitable in the future.