Long term argument for bitcoin

[SirDwp]

To date, bitcoin is like a dollar compared to other currencies. But the crypto world is dynamic, plus a lot of people don't consider bitcoin perfect. It can't be ruled out that a year later it will no longer be in the lead.

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[danherbias07]

Can you buy other coins with LTC now?
That is the problem. If I want to join one ICO and be an investor they have limited options for buying it. Bitcoin, Ethereum, and Qtum. It stops there.
Litecoin is missing now.
Some ICO will have the LTC option but not all of them unlike bitcoin.
Everyone now will pick to be paid bitcoin rather than other coins.
I am sure you will know about that when you got used to the community.

[--DarkSecrets--]

I stick to bitcoin even though there are lots of ICOs out there because they just pattern their specs and featured to bitcoin. Bitcoin is the original and is the 1st when cryotocurrency is being talked about. Bitcoin has created its bran already, just like any other business.

[Martinkuhn]

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 first mover advantage for BTC has a few key benefits for BTC.. media reports of crypto have often centered on BTC so new comers are first introduced to BTC first, and because BTC is the most common among the crypto, most cryptocurrencies are priced in BTC or satoshi, So BTC becomes the base currencies for the entire crypto space. This in itself makes BTC very valuable.

If you look at USD.. one of the key reason for USD to be so strong over the years is that USD has been the base currency for international trading of goods and services, and one of the biggest commodity is oil. If you want to buy oil, you got to buy USD first in order to pay for Oil.. so that drives up the demand for USD.

So in order for you to buy any altcoin, you got to first buy BTC...

P.S. Eth is posing a threat to BTC as you got to buy ETH in order to buy into ICO..

[South Park]

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 many are very confident on the long term for litecoin where you get the idea most of the community thinks otherwise, and second being the first is a huge advantage, even in a game where everything is equal like chess the first move gives you an advantage since it allows you to direct the game in the direction you want, bitcoin had that advantage and still has it so it is still the coin with the biggest potential.

[maimainguyen05]

In the cryptocurrencies market, investing in Bitcoin and Etherum will be very safe as well as the ability to make big profits if the investment is determined in the long run. Because it is possible to recognize that the rates of altcoins, as well as tokens, are greatly influenced by Bitcoin and Ethereum rates. So that you should invest and hold Bitcoin as well as Ethereum will never suffer losses.

[thrylos]

You are right that one of the reason why many big investors bitcoin is their first priority because this is the first crypto, aside from this, it is attractive for having a high value.Oeople are always prepared in easy way as much as possible most specially when it comes to money. So as we can see and knew that litecoin  is an alt and
still not like as bitcoin when it comes to price and stability so that is why it is very normal for the majority to choose bitcoin.

[vionas]

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, bitcoin is the first crypto coin and is very important to determine its user population. Surely people will prefer the strongest crypto coins as a place of investment.

[South Park]

To date, bitcoin is like a dollar compared to other currencies. But the crypto world is dynamic, plus a lot of people don't consider bitcoin perfect. It can't be ruled out that a year later it will no longer be in the lead.

And why do you think bitcoin could lose the lead of the market in just one year? Bitcoin like anything can be replaced but why do you think it can happen so fast? There is no coin that can do that currently and even if a coin were to come out today with great characteristics it will take a while before it gets any support from the community, so I think that idea of bitcoin being replaced in a year will not happen.

[jeluhtajem]

very important, although bitcoin and altcoin have almost the same side and features.
this is just a matter of confidence, people's belief in bitcoin is greater than belief in altcoin.
because bitcoin first known, automatic bitcoin has greater confidence, which is not owned by another coin.

[Hellokitty09]

In the cryptocurrencies market, investing in Bitcoin and Etherum will be very safe as well as the ability to make big profits if the investment is determined in the long run. Because it is possible to recognize that the rates of altcoins, as well as tokens, are greatly influenced by Bitcoin and Ethereum rates. So that you should invest and hold Bitcoin as well as Ethereum will never suffer losses.

For me, Bitcoin and Ethereum are the best coin to invest and hodl when it comes to long term because both has the potential to grow in the market. They are the coins that is more being recognize because all the token being sold with the exchange in ethereum and to bitcoin.

[BitProNews]

Bitcoin is widely used and it is what makes bitcoin more valuable than other crypto-currencies. Bitcoin is better tested on higher volumes and in a longer period of time which makes bitcoin more trustworthy than other crypto-currencies. Some altcoins has been try to reach bitcoins size, but it always failed even was Litecoin. This year bitcoin was reported to many news related about it security, price and many thing, this cause attracted many new bitcoins holder interest to learn it and investing.

[An0nyMoose]

I think the most important difference between Bitcoin and it's slightly improved clones is that Bitcoin has the best distribution. Most coins are sold in ICO's or were mined by big miners since the start. If you don't count Satoshi's million BTC, Bitcoin is actually distributed quite well.

[red00]

i guess long term its good because there's a chance high probability that you can earn more profit

[Nenegayung]

This is very important, because bitcoin is the bridge of all altcoins, but the difference is the value of its currency, which bitcoin still ranked first.

Everyone would think initially to know the crypto world, the first to point to bitcoin, but now the increasing market price, there has been a movement of competition in the crypto world, is the increasing number of latest tokens.

[mu_enrico]

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?

There two major differences between BTC and other coins:
1. Hashrate
Hashrate determines network strength to 50% attack. A lot difficult to attack bitcoin than any other coins.
2. Developer
BTC core team is considered the best, so they can implement newest blockchain technology into BTC core blockchain
The other dev cannot catch up with BTC development and code robustness

[A L I E N]

I stick to bitcoin even though there are lots of ICOs out there because they just pattern their specs and featured to bitcoin. Bitcoin is the original and is the 1st when cryotocurrency is being talked about. Bitcoin has created its bran already, just like any other business.

I agree that Bitcoin is original phenomenon. And furthermore it is a brand. Most people started their way in cryptocurrency world from Bitcoin actually. There are a lot of services which support Bitcoin.

[South Park]

I stick to bitcoin even though there are lots of ICOs out there because they just pattern their specs and featured to bitcoin. Bitcoin is the original and is the 1st when cryotocurrency is being talked about. Bitcoin has created its bran already, just like any other business.

This is by far the safest strategy, you can obtain great profits with icos and altcoins but if you are comfortable with the amount of bitcoins you have then the only thing to do for now is to hold your coins, however I like many people here in the forum have not yet reached an amount of bitcoin that I like so I will l keep investing in altcoins until I get the desired results.

[queenlaurel]

Bitcoin was the first thing I heard before joining.  So as many people, once it is what they hear, they tend to register under it. I didt get to hear about other currency until I started searching then registered under bitcoin. If any one want to talk about it, its bitcoin they mention and use for advert not other currencies.

[South Park]

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 first mover advantage for BTC has a few key benefits for BTC.. media reports of crypto have often centered on BTC so new comers are first introduced to BTC first, and because BTC is the most common among the crypto, most cryptocurrencies are priced in BTC or satoshi, So BTC becomes the base currencies for the entire crypto space. This in itself makes BTC very valuable.

If you look at USD.. one of the key reason for USD to be so strong over the years is that USD has been the base currency for international trading of goods and services, and one of the biggest commodity is oil. If you want to buy oil, you got to buy USD first in order to pay for Oil.. so that drives up the demand for USD.

So in order for you to buy any altcoin, you got to first buy BTC...

P.S. Eth is posing a threat to BTC as you got to buy ETH in order to buy into ICO..

The first mover advantage of bitcoin goes farther than that most of those that are holding their coins for the long term have bitcoin as the basis of their strategy with the limited supply of bitcoin this only makes the supply available to others even lower making the price higher and making the long term holders to hold even more, bitcoin becomes more valuable as a result of the actions of the holders, the growing demand and the limited supply.