Bitcoin and Altcoins Information

[edsnow2017]

WHAT IS BITCOIN?
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.[1] The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on and offline - from the mid 2010's onward, some businesses on a global scale began accepting bitcoins in addition to standard currencies

WHAT IS ALTCOINS

An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. ... Most popular altcoins use the same fundamental building blocks as Bitcoin


USE:

Mainly some users and traders use altcoins to trade and grow their bitcoins to have a good profit this is because some traders don't have the capacity to buy 1 BTC that is now worth more than $16,000 so they use altcoins to trade with bitcoins and vice versa


if you have any idea about the relation of bitcoins and altcoins and their uses please don't hesitate to comment down thanks in advance more power bitcoin.

[RobertoMakeli]

WHAT IS BITCOIN?
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.[1] The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on and offline - from the mid 2010's onward, some businesses on a global scale began accepting bitcoins in addition to standard currencies

WHAT IS ALTCOINS

An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. ... Most popular altcoins use the same fundamental building blocks as Bitcoin


USE:

Mainly some users and traders use altcoins to trade and grow their bitcoins to have a good profit this is because some traders don't have the capacity to buy 1 BTC that is now worth more than $16,000 so they use altcoins to trade with bitcoins and vice versa


if you have any idea about the relation of bitcoins and altcoins and their uses please don't hesitate to comment down thanks in advance more power bitcoin.

this is normal information about cryptocurrency. and now, because btc transaction fee too high, and low speed too. so many people invest in alt coin like: ripple, eth, litecoin => that take price of these altcoin go up and btc price becomes more stable. I guess so

[postokenlover]

I think in 2018, more altcoin will be generated, and they are improving the community. There are several problems that are often mentioned by several bitcoins, such as excessive transaction costs and frequent transfer congestion. Hopefully, they will be solved in this year. Altcoin is constantly distributing bitcoin market share.

[edsnow2017]

Is it possible that the price of bitcoin will be more than $16k this 2018? if so I think the fee will be higher in the transactions

[altGear]

If you want help in a friendly discord community for crypto beginners try CryptoSmart HUB https://discord.gg/jyTXVWz

[spiderm4n15]

Bitcoin and Altcoin is a technology base on blockchain, the desentralisation technology
but bitcoin price is so high, many people start to switch to altcoin like ETH, BCH or XRP

[Jet Kolet]

I think in 2018, more altcoin will be generated, and they are improving the community. There are several problems that are often mentioned by several bitcoins, such as excessive transaction costs and frequent transfer congestion. Hopefully, they will be solved in this year. Altcoin is constantly distributing bitcoin market share.

yes, I agree with you, in the bitcoin world could happen. but I hope the bitcoin in 2018 will skyrocket the price and all problems can be solved quickly.

[gundala]

In real life, bitcoin can be analogous to USD and altcoin are other currencies such as Yen, Rupiah, Euro, etc.
Bitcoin like a flashlight in technological developments, a new buzz in payment and investment standards and is perfect for modern society.

[Jltan]

Bitcoin is akin to physical currency, just that it's digital. We could say that it does not have any uses at all but it is undeniably the first coin that brought blockchain to fame.
As time goes on, more alt coins surfaced and provide better security, speed and lower prices etc. These coins being built mostly on eth have their own unique uses but it will not exceed bitcoin as they are mostly just usage for decentralised platforms.

[edsnow2017]

How does the value of bitcoin ditermined?

[Sundark]

Bitcoin is the first and the most expensive cryptocurrency. However it hasn't changed since it was created. It's slow and doesn't support smart contracts. Its popularity is based on hype in media, price and demand, which basically nothing.
Altcoins are smaller coins that are developing rapidly. They are more advanced due to smart contract support and faster speed. The most popular altcoin Ethereum is not just a cryptocurrency, but also a platform for other services.

[redhondaxrm125]

Bitcoin is the first and the most expensive cryptocurrency. However it hasn't changed since it was created. It's slow and doesn't support smart contracts. Its popularity is based on hype in media, price and demand, which basically nothing.
Altcoins are smaller coins that are developing rapidly. They are more advanced due to smart contract support and faster speed. The most popular altcoin Ethereum is not just a cryptocurrency, but also a platform for other services.

Well, I cannot lie, this is actually true, and even if others realizes this, they still will not leave bitcoin because the number of those who only invest for greed never decreases. And these people are mostly people who do not know anything much about cryptos amd just invest because of the bug hype and chance for profitability. Which is why the prices do not go down too much.

But there are also people like me, who like bitcoins even if we are suffering losses because we love the history, and it is my first crypto ever. Plus there is the fact that it is more likely to be used by shops in the near future. Specially now that promises in fixing the major problems of bitcoin is up. Amd if this gets implemented, i know bitcoin will be reaching greater heights.

[Rinsend]

Bitcoin is the first and the most expensive cryptocurrency. However it hasn't changed since it was created. It's slow and doesn't support smart contracts. Its popularity is based on hype in media, price and demand, which basically nothing.
Altcoins are smaller coins that are developing rapidly. They are more advanced due to smart contract support and faster speed. The most popular altcoin Ethereum is not just a cryptocurrency, but also a platform for other services.

for altcoin service is indeed more in the superior than bitcoin.
many companies support the use of altcoin.
growth is very rapid and able to cover many aspects.
but bitcoin remains more favored because bitcoin is the pioneer of crypto market growth

[wladsem555]

The mutual influence of crypto currency on each other certainly exists. And it's unlikely anyone will deny it. Of course, there is also the influence of economic processes on the development of the Crypto-currency. However, we can also observe how the depreciation of bitcoin entails the growth of other crypto-currencies.