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Author Topic: What is Altcoin?  (Read 337 times)
babachon (OP)
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January 25, 2018, 03:29:33 PM
 #1

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.
cryptopusa
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January 25, 2018, 03:36:14 PM
 #2

I'm a newbie here. I don't know what is altcoin.
Altcoins are cryptocurrencies like Bitcoin,the term altcoin comes from the word alternative to bitcoin which clearly explain what it is,altcoin is any cryptocurrency none other than Bitcoin.As a newbie you should know some basic abbreviations for you to undertand most of the threads here in bitcointalk,congrats and welcome!

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Babayan
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January 25, 2018, 03:41:52 PM
 #3

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.
Altcoin is any cryptocurrency or a token other than bitcoin. As a rule, some of them are based on their own blockchain (waves), and some of them are based on other cryptocurrencies blockchains, for example OMG based on erc-20 standart ethereum blockchain

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January 25, 2018, 03:44:50 PM
 #4

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.

Welcome to this new world, and congrats that you are here.

An Altcoin is nothing but any other coin like Bitcoin. There are many Altcoins present in the market now like Etherum, EDOGE, etc. Many new Altcoins are being getting introduced very fastly so you should very careful about which one to buy.

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January 25, 2018, 03:49:32 PM
 #5

What do you think,  Is the Etherum still an altcoin?
If we consider the situation today.
I think the etherium is also the main coin
eternalgloom
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January 25, 2018, 03:52:31 PM
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 #6

Altcoins are basically alternatives to Bitcoin, usually they seek to either replace or improve upon Bitcoin.
They are also digital cryptographic currencies that may or may not resemble Bitcoin, they also make use of a blockchain, but might have different features.

If you want to check out a list of pretty much all altcoins in existence, check https://coinmarketcap.com/
You can click on each coin and visit their website to see what their goals are.

VenturaBro
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January 25, 2018, 03:54:31 PM
 #7

I wouldn't call ETH an altcoin.

Ethereum has industry backing, killer R&D, and a 2 Billion market cap.

Among Ethereum's achievements, only Bitcoin can compare, but even Bitcoin only has a market cap to show.
Bitlover91
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January 25, 2018, 03:57:50 PM
 #8

its simple, i haven't asked from anybody or searched it but i came to conclusion that AltCoins means ALTERNATIVE of BitCoin.
cheers.
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January 25, 2018, 04:00:49 PM
 #9

I wouldn't call ETH an altcoin.

Ethereum has industry backing, killer R&D, and a 2 Billion market cap.

Among Ethereum's achievements, only Bitcoin can compare, but even Bitcoin only has a market cap to show.

Doesn't matter what limitations and caps a coin has if it's taken code from Bitcoin then it's an altcoin.
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January 25, 2018, 04:03:40 PM
 #10

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.
I think your position only newbie because you are registered in three months ago. So you have more time to gain some knowledge in this forum. But you are not study anything this forum. First you should learn some simple abbreviations in this platform. Because everyone know the altcoin is just alternative coin. This is easy to understand the common users so you should improve yourself. Else you cannot survey in this forum.

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Stella27
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January 25, 2018, 04:05:21 PM
 #11

Altcoins are coins or tokens that are not bitcoin. They are called such because it just simply means alternative coin.
banake
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January 25, 2018, 04:06:08 PM
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You should buy Onion
Top 1 privacy coin in 2018
I will hit 100$ easily this year
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January 25, 2018, 04:06:30 PM
 #13

I wouldn't call ETH an altcoin.

Ethereum has industry backing, killer R&D, and a 2 Billion market cap.

Among Ethereum's achievements, only Bitcoin can compare, but even Bitcoin only has a market cap to show.
When you define an altcoin ethereum will still be under altcoins not unless Ethereum was the first cryptocurrency which is not because Bitcoin was the first and the foundation of these alternative cryptocurrencies.If an altcoin could replace bitcoin's position it will be ethereum but it doesnt mean bitcoin will be called an alt when it is happened.

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January 25, 2018, 04:07:38 PM
 #14

Alt - Alternative so altcoin stands as alternative currency because all other coins expect bitcoin are considered as alternative coin to bitcoin. They are tied with bitcoin pair so all of them get affected whenever bitcoin moves. Altcoin term was coined from start when there were only few coins made from cloning bitcoin.
elimi
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January 25, 2018, 04:09:12 PM
 #15

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.

Altcoin is an alternative cryptocurency in which paltform is almost the same as bitcoin, altcoin is made to distinguish only name with bitcoin
sergienkoe
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January 25, 2018, 04:16:02 PM
 #16

I wouldn't call ETH an altcoin.

Ethereum has industry backing, killer R&D, and a 2 Billion market cap.

Among Ethereum's achievements, only Bitcoin can compare, but even Bitcoin only has a market cap to show.

I think the same. Moreover, I think that the Etherium will surprise everyone in 2018.
I would compare them as macos and android.
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January 25, 2018, 04:17:20 PM
 #17

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.

I think people just use that term interchangeably nowadays anyway.
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January 25, 2018, 04:39:16 PM
 #18

All cryptocurrencies are divided into BTC and altcoin.
In addition to bitcoin, all other tokens are called altcoin. But these tokens don't necessarily have to go beyond the BTC, Just like ETH,NEO,QTUM and they try to go beyond the BTC,because they all have Intelligent contract Shocked

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January 25, 2018, 04:44:15 PM
 #19

I'm a newbie here. I don't have any idea what altcoin is. Please help me to know about it. Thank you.

Alternative coins or tokens are also crypocurrencies that is utilized bu investors to offer services or other functionality in this platfor. BTC and altcoin are the currencies to which values flow and this flow is the avenue that could be taken advantage of for profit. some of the good altcoins are ripple, litecoin, iota, stellar, cardano, and eth.

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January 25, 2018, 04:48:46 PM
 #20

Altcoin is the terms any crypto currency other than Bitcoin. It is just short term for ALTernative COIN.
Bitcoin is the father of all crypto-currency.

I suggest you to know what you are doing before making any investments or trades because this field needs a basic knowledge on how to deal things. Risk is high here when you don't know what you are doing.
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