Newbie Question: Bitcoin Vs. Other Cyptocurrency

[rapwindsoul]

Wow.. thank you all for the relevant responses.. i see now that those altcoins like ethereum has improved features compared to bitcoin so maybe in the near future it may come into place to the bitcoin now... Maybe ill do some research more on other altcoins to better understand the cryptocurrency market.. thanks guys

[Mike Mayor]

Eth is very different from other currencies. Eth allows for smart contracts. With Eth you can attach and send tokens. The tokens rely on the eth network to work and use the same eth address. Many tokens are available and people seem to create tokens instead if coins these days. Have a look in the altcoin section for more info.

[neuer111]

Bitcoin is old, but gold (they say). However, it has become too expansive to difficult to acquire because it has become too popular. That's why I would rather refrain from BTC and rather focus on the altcoins (other cryptocurrencies), because they are easier to learn and handle! 

[knoxshaan]

Bitcoin is the alpha dog and alts are the puppies playing in his yard. The only safe time to play in his yard is when the big dog is happy (horizontal price). When the big dog is hungry (price goes up) the little puppies get eaten and when the big dog is angry (price goes down) then the little puppies could get bitten, therefore it’s time to get out of his yard!

[DonPakito]

Cryptocurrencies can be quite puzzling. It makes you ask questions like "What are they?", " Are they new way to pay things online?" Or "Can they be really promising?" Such queries aren't easy to answer because there are lots of cryptocurrencies out there having differences among others. But to answer your question, let's just focus on Bitcoin and Ethereum.

Their existence or age is the most obvious difference. Bitcoin was first introduced as the very first global cryptocurrency in 2009 while Ethereum is much younger, showing up in the year 2015 as an alternative.

Bitcoin, in terms of store value, is note advantageous. It has proven itself as the most valuable coin in the world and the precursor of the cryptocurrency development. It is more recognized and makes it easier to buy, store, and sell. But it doesn't mean that Ethereum have been ineffective. Though it is young, Ethereum has been one of the most popular.

Being a transactional medium, bitcoin has the less advantage. Although bitcoin is better at storing value than Ethereum, Ether and has quickly become a preferred method for transferring wealth. Ether transactions tend to be confirmed quicker by the blockchain. Transaction fees are also far lower.

Both bitcoin and Ethereum have their advantages and like most other cryptocurrencies, which one is right for you depends on your financial situation.

If you want to buy in to the most proven cryptocurrency with more developer support, bitcoin is the one for you. Just remember, if you want a big return on what you're putting into it, you need to be very patient.
If you want to make more regular transactions, Ethereum is much more manageable.

Just a piece of advice: If you want to put money into bitcoin or Ethereum (or others), do your research first. This is still a young venture and the future of any of them is far from certain.

[an.oskoma]

The advantage of bitcoin is that it is the first and most famous of all. Today there are many more promising cryptocurrencies, such as Ethereum.

[bingble]

As said, BTC is the "GOLD" of crypto world. And I think ETH is the "US DOLLAR" of crypto world.

"GOLD" is not convenient for daily use, but for reserve.

But we use "US DOLLAR" as currency.

So for my opinion, we can hold some BTC, and should buy more ETH. 

[crea8ivemoiz]

Is it true that Tron is a shit coin?? why is going tu dump and dump after one long jump?
 
Please Guide
Thanks!

[iagyei259]

Bitcoin is the king of cryptocurrencies  and all other crypto  is called alternative  currencies, in short  called altcoins. Bitcoin has been in the system  for long and considered as safe  haven than altcoins.

[richelle87]

I think the main edge of BTC is that it was the pioneer of all cryptocurrencies. Also, most people know more about bitcoin than other cryptocurrencies that are now existing nowadays.

[leevine77]

According to what i know on watching youtube about bitcoin.
Bitcoin was started in a simple way and few people have interest to bit coin. Bit coin was the first coin created and years pass by other coins followed. That was the time there was bit coin and alternatives coin. Actually ethereum is altcoin.