Bitcoin is an altcoin

[Qartersa]

This is obviously a clickbait post. Franky1 said it round and clear.

Whether one term or another it's quite irrelevant. BTC started this economic revolution and as such is generally referred as a non altcoin. Our definitions might not be the same mr OP but it's truly a non issue.

I also agree, Franky1 has highlighted what the current scene bitcoins are in. Right now there are a lot of people pushing those hard forks for their own benefit. They do this by tricking the masses who know nothing about the difference of both hard and soft forks. Right now people do want to push for a fork due to the recent memory pool clogging and the fees all going up so high. But right now the attacks to the blockchain has stopped and the fees are normalizing again. This might be the result of the attackers seeing that their purposed plan is on track and they stopped the attack as it has no more value as they have already achieved their goals.

[v0rtecxz]

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.

[Raven91]

Every time that there is a talk about hard fork etc, there is always someone who says "wow, they are creating a new altcoin".
We need to stop this meme.

Prohibited changes are listed here: https://en.bitcoin.it/wiki/Prohibited_changes

Other modifications are possibile, and they don't make "an altcoin".

An hard fork already happened in 2010 (https://en.bitcoin.it/wiki/Value_overflow_incident), so the "current" bitcoin is an altcoin? I don't think so.

I'm not defending any specific BIP etc..., it's just a general principle.

I guess it is the reason why the bitcoin price is sky rocketing down today because the eth is taking advantage already to become the no.1 cryptocurrency and the bitcoin is now just a altcoins in the market so a lot of people lose that trust in bitcoin and already selling there bitcoin and switch to eth.

[HEWRA]

Honestly?
How can you call bitcoin core as an altcoin? It was pretty much the first cryptocurrency that was ever  designed, so the whole situation seems clear, at least for me.

[Sniper150]

I must admit, all the people claiming this got me confused. I was wondering if there would actually be 2 different coins.

Altcoin vs bitcoin? Base on my opinion bitcoin is the most well-known cryptocurrency.It was developed infrastructure and growing fan base. There are over 500 other cryptocurrencies in other other countries. “Altcoins“, these alternatives to Bitcoin. It has its own individual characteristics and algorithms. I think that any kind of coin except in bitcoin is called "Altcoins".

[DOGE12321]

I know right. Bitcoin is a utility, currency and an asset all in one. Not an altcoin. Altcoins are just speculation that are good for trading, but cannot be used in any other part of our life. I must confess, in the early stages of my experience with Bitcoin I also use to refer to it as the first altcoin and first cryptocurrency. Now I know the difference and how wrong I am.

Moreover, a hard-fork does not make Bitcoin an altcoin. Such forks occur with the aim of improving the existing Bitcoin. This allows more people to use it and enjoy the opportunities that it provides. Take August 1 for example. Introduction of SegWit will hopefully solve the scaling issue and improve Bitcoin's current issues with confirmation times. This does not mean Bitcoin is an altcoin, but new and improved.

[incognito mode]

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

you started off well, but made quite a silly statement, without use of argument, here: "Which is very safe compare to any bank".

You do bitcoin as a "currency" rather than possible commodity a disservice when you make foolish assertions.

Stop it.

[incognito mode]

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.

Oh My God.

"Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent."

You must have started using bitcoin six months ago, in which case I suggest you research its history, and its links to non-independent, profit-making outlaws.

[zulkarnaen]

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.

If you look at some facts about the good progress of bitcoin from the rising bitcoin population as well as the contribution of investors that help improve reputation and popularity of bitcoin, even some countries have declared legality of bitcoin as a digital currency whose function is equivalent to real currency.

[leyton11]

Do you understand what it means to call altcoin? When a cryptocurrency created and not is Bitcoin, the market will say this is an altcoin.

Bitcoin is the first cryptocurrency success and popular than other cryptocurrecy on market (call Altcoins)

[szpalata]

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.

If you look at some facts about the good progress of bitcoin from the rising bitcoin population as well as the contribution of investors that help improve reputation and popularity of bitcoin, even some countries have declared legality of bitcoin as a digital currency whose function is equivalent to real currency.

Exactly why I disagree with the OP for labeling it an Altcoin. Bitcoin is the premier cryptocurrency and has the qualities, reputation built over time and popularity that the other cryptocurrencies crave for and that makes them an Altcoin but not the original or Bitcoin itself.

[romero121]

Though Op has mentioned the article describing all about the hard fork and other splitting of the network in the past to term it an altcoin, we need to have the understanding that if bitcoin hasn't got existed we could have never got a term virtual currency or cryptocurrency. Following this has grown the entire list of altcoins that we use.

[nightrider]

Do you understand what it means to call altcoin? When a cryptocurrency created and not is Bitcoin, the market will say this is an altcoin.

Bitcoin is the first cryptocurrency success and popular than other cryptocurrecy on market (call Altcoins)

You are right, and he too, the fork here will divide the bitcoin and create new coins, and these coins will be called altcoins. Bitcoin core will still exist, but they have different values.

[beerlover]

Honestly?
How can you call bitcoin core as an altcoin? It was pretty much the first cryptocurrency that was ever  designed, so the whole situation seems clear, at least for me.

I don’t ever think of the bitcoin as an altcoin because everyone knows it was the very first cryptocurrency, the concept of the digital/cryptocurrency was introduced by the bitcoin so how come some can say that the bitcoin is an altcoin?
Bitcoin is not only a currency but a legacy, we better to understand this.

[Monnt]

I know right. Bitcoin is a utility, currency and an asset all in one. Not an altcoin. Altcoins are just speculation that are good for trading, but cannot be used in any other part of our life. I must confess, in the early stages of my experience with Bitcoin I also use to refer to it as the first altcoin and first cryptocurrency. Now I know the difference and how wrong I am.

Moreover, a hard-fork does not make Bitcoin an altcoin. Such forks occur with the aim of improving the existing Bitcoin. This allows more people to use it and enjoy the opportunities that it provides. Take August 1 for example. Introduction of SegWit will hopefully solve the scaling issue and improve Bitcoin's current issues with confirmation times. This does not mean Bitcoin is an altcoin, but new and improved.

Yes, bitcoin is an all in one package but most of the people don’t understand the features of the bitcoin and underestimate it. However I have a full belief and trust on the bitcoin. I know what difference it made to my life, how was I before using the bitcoin and now when I am earning, holding an investing it. The hard-fork and the segwet are just to improve the bitcoin quality and this is what many don’t understand.

[Ayers]

I must admit, all the people claiming this got me confused. I was wondering if there would actually be 2 different coins.

yes but one will be an altcoin and not bitcoin 2.0, there can't be two bitcoin it doesn't make sense, after all altcoin are other fork of bitcoin, and the same thing will happen on august 1 if there is a chain split, better to hold until then and see what happen, i don't want to lose my coin because of this fork

[aomakun]

People might think that altcoin is a new coin that has a value smaller than bitcoin. Therefore he considers bitcoin is the mother of altcoin.

[Humanxlemming]

Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.

[sensie]

If Bitcoin don't hard fork it will lose its current position because it can not meet the volume and makes the transaction becomes more difficult

[mdripon]

Every time that there is a talk about hard fork etc, there is always someone who says "wow, they are creating a new altcoin".
We need to stop this meme.

Prohibited changes are listed here: https://en.bitcoin.it/wiki/Prohibited_changes

Other modifications are possibile, and they don't make "an altcoin".

An hard fork already happened in 2010 (https://en.bitcoin.it/wiki/Value_overflow_incident), so the "current" bitcoin is an altcoin? I don't think so.

I'm not defending any specific BIP etc..., it's just a general principle.

yes now Bitcoin started off being referred to as "a Project". Any body invest this project.