What is the difference between Altcoin and Bitcoin?

[swscowods]

Bitcoin is the first cryptocurrency in this world and altcoin is the cryptocurrency created after the 1st cryptocurrency ). I think this is the easiest way to understand about it . All cryptocurrencies created after Bitcoin are altcoin and for now we have one more cryptocurrency named "token", it's cryptocurrency created base on other cryptocurrency blockchain.

In terms of making you earn some good amount of money, both these coins are really good as the ones who are investing in either of these are enjoying a very comfortable living. Other than this, bitcoin is primarily used for long term investment of money and the ones having bitcoin have plan of holding it for greater period of time. Whereas, the ones investing in altcoin are doing it for the sake of day trading.

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[Rida Zafar]

there is so many altcoins (everything else) like ETH or ripple , whereas bitcoin(BTC) is original and its the first cryptocurrency in this world.

[MWesterweele]

Bitcoin is the first cryptocurrency in this world and altcoin is the cryptocurrency created after the 1st cryptocurrency ). I think this is the easiest way to understand about it . All cryptocurrencies created after Bitcoin are altcoin and for now we have one more cryptocurrency named "token", it's cryptocurrency created base on other cryptocurrency blockchain.

The difference between bitcoin and altcoin are there popularity, prices and value, bitcoin is much higher than to all altcoin, also it is much profitable and bitcoin is the best cryptocurrency because of its increasing value, higher demand of people but altcoin is also good coin too because you can also have profit from it and affordable.

[ice098]

Bitcoin is the first cryptocurrency in this world and altcoin is the cryptocurrency created after the 1st cryptocurrency ). I think this is the easiest way to understand about it . All cryptocurrencies created after Bitcoin are altcoin and for now we have one more cryptocurrency named "token", it's cryptocurrency created base on other cryptocurrency blockchain.

Altcoin and bitcoin are totally different in value, prcie, popularity and quality but even there are not the same in many aspect, each one of them are really worth it beside bitcoin or altcoin both of them are profitable. But since bitcoin is the first created cryptocurrency many people are still believe to and trusted.

[rabs]

Bitcoin is leader in crypto world it is peer to peer technology based on block chain,While altcoins are part of it and created by different alogrothim programming.

[sourish]

A few issues in the bitcoin system that needed improvement gave rise to alternative bitcoins or altcoins that worked on improving the shortcomings of the bitcoin. This is one explanation, but the truth i feel is altcoins cropped up after bitcoin because of its popularity, viability and future value.

[MCVXYZ]

The difference between altcoin and bitcoin is very big,Altcoin means alternative of Bitcoin,but for me ethereum is not alternative,because it has a lot of and very different abilities,bitcoin is created to use as a payment system and its a good and unique accumulation system. as all we know ethereum is a very different from this,for me its like an artificial intelligence and not payment system,its abilities are very big,despite the fact it doesn't mean that bitcoin can't have the same abilities but it would be nonsense because it was created for people who have relationships with banks to transfer their big amount funds.anyway logically there are a big difference.

[Rrotess]

Bitcoin is a digital currency performed by cryptography, it used as payment system and storage. Altcoins are made next to bitcoin and I think it is a short term for alternative coin. They have the same usage but they are different in blockchain technology.

I will agree with that and for me the difference between altcoin and bitcoin was altcoin is a kind of alternative coins which supportive by the bitcoin.And for bitcoin was the first cryptocurrency which the value was different from altcoin because thia is the highest of all.

[Alexnelepa92]

there is so many altcoins (everything else) like ETH or ripple , whereas bitcoin(BTC) is original and its the first cryptocurrency in this world.

The main advantages of Bitcoin are the network benefit effect and proven security. Both of these advantages are virtually insurmountable.

Bitcoin has a proven use case — storage of value. It is significant that most coins try to differ somehow from Bitcoin, so they offer less popular usage scenarios, including prediction markets, completely anonymous purchases or the addition of a decentralized name server.

Bitcoin is the leader in storing value among all altcoins, and for 8 years of its existence, it has not had a single failure. Bitcoin's security is much higher than that of Its younger counterparts

In addition, Bitcoin is much more affordable — more exchanges, more sellers, more SOFTWARE and more supported hardware. Bitcoin is much liquid in the volume considerably exceeding the volume of any alithina. Bitcoin has The largest ecosystem of developers with more SOFTWARE and implementations compared to altcoins. Bitcoin has more entrepreneurs investing their intelligence, desire and creativity in the development of The network.

By competing with Bitcoin, you compete not only with the largest user base, development team, and mining, but you also compete with The largest ecosystem of startups, open source projects, and entrepreneurs.

[ovibd]

Besides from the spelling, what are the differences of bitcoin from altcoin. Thank you.

Bitcoin is the first Blockchain of  online Marketplace, Alt coin = alternate coin, Bitcoin is the foremost coin of all time.

[Greenrace]

obviously bitcoin is the initial coin and as a major coin with a high price so people are hard to get it but there is altcoin as an alternative to have coins with various price variations

[sheldonnnn]

Bitcoin is the “original” cryptocurrency and ultimately responsible for the invention of blockchain technology. Altcoins are generally defined as “everything else.” Many of these altcoins are forks or clones of bitcoin, like Bitcoin Cash, Litecoin, etc. They all try different approaches to fix the problems with Bitcoin, but are fairly similar and at fundamental level.

[Dheeraj Kumar Singh]

Ethereum is the name of a [Suspicious link removed]pany that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts.

[SergiOLa]

While they may be in direct competition now, altcoins may eventually find their own niche an work in accord with Bitcoin, with each performing its own specific role in the market. For instance, smaller transactions for Brick and Mortar stores could utilize Litecoin or Dogecoin, while Bitcoin could be used for larger or interstate payments. For untraceable transactions, we can have Monero, and etherum would be the go-to currency for smart contracts.

[biticotalk]

Bitcoin's prospects are good, but it's more of a standard for crypto currency and a good start for beginners. In bitcoin, I try not to invest and did not buy. Among the altcoins I'm interested in TRON, Cardstack, Databroker.

[Ryan West]

Bitcoin is the world's first cryptocurrency created in 2009. It is the first Blockchain in the Market, it is the mother of all Cryptocurrencies.
All coins who came after Bitcoin are called "Altcoins" which means "alternative coins".

[SeXy]

altcoins is originally any other crypto currency other than bitcoin. Now there are crypto-currencies that outperform bitcoin, and there are those that are the bitcoin clone

[nndep3m]

Perhaps one day Bitcoin will become an altcoin, if BCH overtakes it. Although that is unlikely. In essence, any blockchain that is not BTC is called an altcoin.

[ptolimeus]

Perhaps one day Bitcoin will become an altcoin, if BCH overtakes it. Although that is unlikely. In essence, any blockchain that is not BTC is called an altcoin.

It just so happened historically, everyone calls altcoins all coins except bitcoin. It seems to me that it is irrational and somehow "racist". Each coin has its own name, which it must be called. And I think that someday bitcoin will go to the background and its place will be taken by other coins.

[smhome354]

What I understand is that before bitcoin the cryptocurrency is already existing but it's the bitcoin which was able to resolved issues with digital currency. So bitcoin is considered to be the first successful cryptocurrency. It was then followed by alternate coins or simply called altcoins.