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Author Topic: What is the difference between altcoin and bitcoin ??  (Read 610 times)
YOSHIE
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November 01, 2019, 02:12:10 AM
 #21

What is the difference between Bitcoin and altcoin in more detail Huh
If you often read and feel like learning, surely you will find the difference between Altcoin and Bitcoin.

1. Broadly speaking the meaning and meaning of Altcoin are: https://www.google.com/amp/s/whatis.techtarget.com/definition/altcoin%3famp=1

2. And one more difference between Bitcoin, the meaning of bitcoin is: https://www.google.com/amp/s/whatis.techtarget.com/definition/Bitcoin%3famp=1

I hope the two meanings of Altcoin and Bitcoin above can provide true meaning to you.
Keep looking and asking friends or cryptocurrency communities about Altcoin and Bitcoin.
I am sure you will succeed in the world of crypto with your study.

R


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November 01, 2019, 02:24:58 AM
 #22

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

Bitcoin is the very first blockchain crytocurrency ever created, the other coins named altcoins in segregation to the level of the projects from bitcoin. That's the people nature whoever do first will always be remember, unlike the one follows after that. For me not much difference in terms of tech since altcoins have known their tech or idea from bitcoin basically same use cases. But altcoin can be modified on usage they wanted to like incorporate in different real world situations.
Bitcoin plays a very important role in this market because all volatility depends a lot on Bitcoin so this is the only stable coin in this market. Most altcoins have no value in investing and are just a tool for people to make money so it is best if you choose to invest safely, only Bitcoin is the best choice in the bear market. It is possible that Bitcoin has obsolete technology but is still chosen by many because no one can attack the blockchain technology.

Personally, I am still investing and will continue to invest in this market in the future because the crypto market has many good opportunities for me to make money and will always hold Bitcoin for a long time.
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November 01, 2019, 02:41:51 AM
 #23

I think it's easy to distinguish between Bitcoin and Altcoin, but if you ask this forum then the answers from them will be different, so if you want to find it easily, please search on google because there will be clear details, but my advice is you have to be active on this forum so they know what bitcoin and altcoin are, and of course they are very different.
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November 01, 2019, 03:34:22 AM
 #24

Bitcoin is the King of all cryptocurrency so it is dominance and still the number one despite of thousands of crypto that is showing in the market.

Altcoins are other coins/tokens aside from Bitcoin, as simple as that. Almost all coins/tokens differs in use cases. There were altcoins that trying to be on top too but still they can't defeat Bitcoin.
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November 01, 2019, 05:17:47 AM
 #25

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
Simple, the difference between bitcoin and altcoin, bitcoin is a first cryptocurrency and the altcoin is a short name of alternative coin, after success launched of bitcoin there are many altcoins have been created like ethereum, litecoin, dogecoin, neo and etc.

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November 01, 2019, 05:32:35 AM
 #26

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

If you want to have some detail then just search it then you can also input bitcointalk because there are some newbie right here before who ask like question you do.

If you have a question go to beginners and help to learn some more.
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November 01, 2019, 05:39:07 AM
 #27

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
You'll never know the differentiate of them if you only make a post on bounty thread (just see on your post history and most of your post only made on bounty thread). There are a lot of information what altcoin is and what bitcoin is. Just active on local board discussion or active on beginner and help and I'm sure you will know them.

If you don't do that and just focus on bounty campaign you will be fooled of it. I guess the people on this forum have known the type of bounty. Don't be weird if you get nothing from it just because you are promote scam bounty even bounty campaign who pay you but the token is not worth.
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November 01, 2019, 06:32:34 AM
 #28

Altcoin and Bitcoin have differences in many ways. The method of distributing coins and the economic model used by altcoin is also different from Bitcoin. The mining algorithm used also uses different methods.

The price of Bitcoin is also more stable compared to Altcoin because many investors are investing in Bitcoin so that it makes the volume even higher.

Unlike Altcoin, the price is unstable or more volatile due to the lower altcoin market. The Altcoin market is also vulnerable to price manipulation by various groups to get a lot of profit.

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November 01, 2019, 11:15:26 AM
 #29

Bitcoin is the cryptocurrency that has been made by satoshi and no one knows where he is right now. Despite his absence, the success that bitcoin is reaching right now is very impressive. With altcoins, you can have a bunch of options but many of them are not worth to invest. While in bitcoin, every amount that you will invest is worth it. Alts can be gone and go low in volume while bitcoin, the majority of the community looks forward to its success and even it swings, no worries because it's pretty normal.

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November 01, 2019, 11:55:06 AM
 #30

the difference is bitcoin is one of the biggest cryptoqurrency in the industry and altcoin is an alternative investment besides bitcoin, you can see in the CMC market that there are many thousands of altcoins available there. but not all altcoin is profitable for investment, you need to reconsider before investing with altcoin.

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November 01, 2019, 12:10:48 PM
 #31

Actually there's a lot of difference then if i post all of that here then i think that's really long so better to search or study it OP one by one

Start first to search or study Bitcoin then after that try to search Ethereum,Bitcoin Cash then Ripple and more alts then if you base in their potentials then better to really rely in Bitcoin than in many Altcoins
Yes the best way is to research , you can see many different blogs and youtube video explaining the difference of those bitcoin and altcoin. If the OP already member of this forum they should know it since there are many related topics to bitcoin and altcoins here.
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November 01, 2019, 12:20:55 PM
 #32

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

bitcoin is the first coin in cryptocurrency made by satoshi nakamato in 2009 after the world experienced a global crisis in 2008. while altcoin is an alternative coin that is cryptocurrency coins that appeared after bitcoin. bitcoin is the main coin in cryptocurrency bitcoin as a reference for altcoin. every bitcoin prices go up then most altcoins also increase. and when bitcoin goes down altcoin also goes down. bitcoin is like usd in fiat money.

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November 01, 2019, 12:29:59 PM
 #33

To the layman, at the mention of the word coin, the first thing that comes to mind first is Bitcoin. The reason is that it is the first coin and the most popular. Although, some people were of the opinion that some had been created long time ago, before the advent of bitcoin, but as much as I know, the first cryptocurrency in the light of digital currency, s Bitcoin. Those that were created by developers alike are now called At coins, which singly bear their different names.
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November 01, 2019, 12:31:03 PM
 #34

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin



I suggest search into google or youtube to get more information what is the difference between bitcoin and altcoins, anyway hope i can help you base in my own  knowledge and understanding the difference bitcoin and altcoins.
Bitcoin is came from the miners using computers with high quality GPU
Altcoins is came from the project devs(ICOS) as alternative currency traded into bitcoin.
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November 01, 2019, 12:36:42 PM
 #35

Bitcoin is the first decentralized crypto currency that runs through the blockchain network introduced by satoshi nakamoto in 2009 (this is a brief understanding)
while ALTCOIN stands for Alternative Coin. where altcoin was created after bitcoin. and also runs on a blockchain network. Altcoin was created as an alternative to a transaction other than bitcoin.
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November 01, 2019, 12:37:39 PM
 #36

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

I suggest search into google or youtube to get more information what is the difference between bitcoin and altcoins, anyway hope i can help you base in my own  knowledge and understanding the difference bitcoin and altcoins.
Bitcoin is came from the miners using computers with high quality GPU
Altcoins is came from the project devs(ICOS) as alternative currency traded into bitcoin.

The previous posts are already more or less enough to give you the basic understanding of the difference between Bitcoin and altcoins. Additional information should be coming from your own research and studies. The basics are already given to you.

New Bitcoins are mined but it does not mean that Bitcoin can only be accessed through mining. Of course, we can buy Bitcoins anytime. Not all altcoins are coming from the devs or through ICOs. There are also POW altcoins.
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November 01, 2019, 12:41:47 PM
 #37

The main thing that you should understand that Bitcoin is a self-sufficient cryptocurrency.

It does not depend on anyone or anything. Its price can be manipulated has sufficient volumes, that is, Bitcoin is very volatile. The entire cryptocurrency market is very volatile.
If we talk about alternative coins, you need to understand that the viability of the project depends only on how development is going on inside the project.

If the team ceases its activity, and the development of the project stops, then the price for it falls, the money flows into another cryptocurrency, most likely it will be bitcoin.
Therefore, if you decide to invest in the crypto market, first of all choose bitcoin.

It is also worth adding that altcoins are directly dependent on the price of bitcoin and the whole market moves along with the movement of the price of bitcoin.

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November 01, 2019, 12:42:26 PM
 #38

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
To summarize and hand you some takeaways from as far as my knowledge can provide, here are some keypoints to remember about bitcoin and altcoins.

Bitcoin - the first decentralized cryptocurrency.
   a. Decentralized, exists on every full node on the network.
   b. Limited supply, therefore deflationary.
   c. Development of features is slow, but is good to ensure security.
   d. No central founder/institution. Made by a person named Satoshi Nakamoto, which identity isn't verified until now.

Altcoins - variations based on Bitcoin's network and blockchain framework.
   a. Over 4,000 altcoins exist in the market.
   b. More prone to full shut down in times of crash.
   c. Some are decentralized, while others like stablecoins are manipulated.
   d. Often features something Bitcoin still does not have.

Yeah, all of the alternative tokens are just a copy of bitcoin I try the altcoins are trying to copy the success of bitcoin so they are trying to replicate what happened to bitcoin but we all know that the price and popularity of bitcoin become a great percentage of attracting many investors in bitcoin. With many investors, bitcoin could make its price increases in the market making it successful with that a lot of companies already see the potential of bitcoin and use it also as their assets. Also, bitcoin was still alive unlike altcoins a lot of altcoins in the marketplace are already dead and don't even have its price in the market.
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November 01, 2019, 01:01:14 PM
 #39

When Bitcoin was first introduced and many interested people and can be used as an investment, then created altcoin as an alternative investment. At present altcoin is developing not only to function and duplicate bitcoin but is already a platform used for business such as logistics and other things.
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November 01, 2019, 01:06:23 PM
 #40

Welcome buddy to the forum. First before the differences between bitcoin and altcoin let's know the similarities first the both are cryptocurrency based coin which is they have all attribute of a cryptocurrency however there are numerous differences like the popularity, price and adaptation
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