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Author Topic: Bitcoin and Altcoins  (Read 574 times)
emirate867 (OP)
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November 25, 2017, 08:43:17 PM
 #1

What is the difference between Bitcoin and Altcoins?  Undecided
lazcemal
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November 25, 2017, 08:47:20 PM
 #2

bitcoin is bitcoin. all the other coins are altcoins, hence "alternative cryptocurrency".
Wusolini
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November 25, 2017, 08:55:51 PM
 #3

Bitcoin was first. Everything else is just copy ( some with additional features )

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November 25, 2017, 09:45:19 PM
 #4

Bitcoin has been the first cryptocurrency that has ever existed, i dont think that you really need to ask this because it is not very difficult to understand.

And all the altcoins are not just copies of bitcoin, they all were ideas based on bitcoin, but with different modifications and for other kind of purposes.

ethereum is a crypto that has been created in order to create smart contracts and be a payment processor like bitcoin is too.

And the same happen with all the other cryptos like monero, litecoin, dash, with all the altcoins that are now listed on the market.


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Wusolini
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November 25, 2017, 10:03:18 PM
 #5

Bitcoin has been the first cryptocurrency that has ever existed, i dont think that you really need to ask this because it is not very difficult to understand.

And all the altcoins are not just copies of bitcoin, they all were ideas based on bitcoin, but with different modifications and for other kind of purposes.

ethereum is a crypto that has been created in order to create smart contracts and be a payment processor like bitcoin is too.

And the same happen with all the other cryptos like monero, litecoin, dash, with all the altcoins that are now listed on the market.


IMO 99% of altcoins are just attempt to make money for authors. Artificially inflated and over rated coins without any additional value, revolutionary idea etc. But there is few exceptions and I agree that all coins mentioned in your post are those exceptions.

coinlocket$
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November 26, 2017, 12:07:40 AM
 #6

Bitcoin has been the first cryptocurrency that has ever existed, i dont think that you really need to ask this because it is not very difficult to understand.

And all the altcoins are not just copies of bitcoin, they all were ideas based on bitcoin, but with different modifications and for other kind of purposes.

ethereum is a crypto that has been created in order to create smart contracts and be a payment processor like bitcoin is too.

And the same happen with all the other cryptos like monero, litecoin, dash, with all the altcoins that are now listed on the market.


IMO 99% of altcoins are just attempt to make money for authors. Artificially inflated and over rated coins without any additional value, revolutionary idea etc. But there is few exceptions and I agree that all coins mentioned in your post are those exceptions.

I Think the same but if u bet on the right alcoin for whatever reason u can get a huge profit

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InsightCryp.to
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November 26, 2017, 01:50:48 AM
 #7

Just look at Bitcoin as the main crypto-currency, and all other crypto-currencies are just alternate or options for you where you can invest your money. So, if you find bitcoin slowing down on its progress, you can still buy crypto-currencies and trade it on some major exchange, once you reach your target profits, you can reinvest it back to bitcoins together with all the profits you gained from trading. Just trade carefully, caveat!

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golek upo
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November 26, 2017, 03:19:49 AM
 #8

in my opinion, bitcoin is the parent of the all coins in the cryptocurrency, while the altcoin is a coin alternative.

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November 27, 2017, 08:31:56 PM
 #9

Now bitcoin is the most famous brand. And in the coming years it will be. Now only ETH is a competitor to BTC, but greatly inferior to him. ETH is the most well-known Altcoins.

dawidt
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November 27, 2017, 10:38:27 PM
 #10

Bitcoin is only one cryptocurrency who was made for idea
everything else was made for money.
it's my point
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November 27, 2017, 11:10:53 PM
 #11

Bitcoin was the first crypto, it gave birth to blockchain... [strictly a digital currency]

altcoins based their cryptos on the basis of bitcoin. Altcoins are not just currencies, they're also ecosystems, platforms etc.
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November 28, 2017, 04:27:55 AM
 #12

Bitcoin may be the most well-known cryptocurrency with its developed infrastructure and growing fan base. Known as “Altcoins“, these alternatives to Bitcoin each have their own individual characteristics and algorithms.

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namjey
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November 28, 2017, 04:28:56 AM
 #13

bitcoin rocks!! alts'.. i don't know Smiley
KoinGuru17
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November 28, 2017, 04:30:15 AM
 #14

Bitcoin is the original decentralized cryptocurrency. Altcoins are all the other cryptocurrencies that came late.
SwishCheese
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November 28, 2017, 04:37:35 AM
 #15

I was thinking the same thing. Hopefully, someone gives me a answer!
warda1989
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November 28, 2017, 05:36:04 AM
 #16

Bitcoin was first. Everything else is just copy ( some with additional features )

Like you comment, "Everything else is juat copy"
But not just copy paste (some with additional features),
Altcoin give us some option while bitcoin transfer fee is too high, espeacialy for me.
Ex, like Etherium, we can adhust fee (gas) transfer. more gas, more faster transfer.
Then, Universa is more promising cryptocurrency. that give the best feature : more 1000 tx pe second.
more faster than bitcoin and etherium.

Hope answer the thread Question.
AzureDragon
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November 28, 2017, 05:58:15 AM
 #17

I think that main differnce in the cryptografical algorithm underlying the cryptocurrency (the mechanism of validation the public and private keys). Of cource, all of them uses the principles of blockchain.
PolinaVodovatova
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November 28, 2017, 01:37:39 PM
 #18

All these questions about future are really interesting... I think future of crypto overall is a very interesting and important topic.. and I want to learn more about it I found this one https://blockshowasia.com/
Kazama7
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November 28, 2017, 02:39:25 PM
 #19

Bitcoin is the headmaster of cryptocurrency, altcoin is just the small particle from bitcoin itself..
PolinaVodovatova
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November 30, 2017, 04:00:36 PM
 #20

Bitcoin was first. Everything else is just copy ( some with additional features )
Have anyone already checked https://mytc.io/ ? If I understand it correctly I could get tokens just cooperating with their sponsors. Like cashback or I don’t know. But the main idea is great. Is it safe?
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