Bitcoin Outclasses Other Cryptocurrencies as an Investment Option, Here’s Why

[cheezcarls]

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC). With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

However, things haven’t gone particularly well for a lot of these guys. Earlier today, a tweet from a cryptocurrency investor with Twitter handle (@jratcliff) showed the performances of some of Bitcoin’s competitors in the industry since the bullish run of 2017.

Source link here

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

It's also the main gateway to be converted straight to fiat when withdrawing from your hardware wallet, mobile, exchanges or so. It's just my own point of view though.

What do you honestly think about this guys? Cheers!

[target]

When it comes to a discussion about bitcoin outclasses other cyrptocurencies, you can't disregard the technology behind it and only focus on it being investment option. The technology aspect has to explained and why they prefer to have bitcoin instead of other crypto because its where BTC dominates the most.

[hatshepsut93]

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

They are focused on Bitcoin because it's the best performer, simple as that. They don't care about the technology, decentralization and all that stuff, alts were hyped because they showed great performance, they looked like the next cool thing, but now that their bubble has popped, many investors have already jumped the ship.

[ChuckBuck]

In my opinion, there are a lot of cryptocurrencies released later, it carries all the advantages of bitcoin and even fixes the disadvantages that bitcoin cannot eliminate. But it still can't get over Bitcoin because of its popularity. Bitcoin is the leading currency, it is known by everyone, while the alt currencies are only used in certain areas. With the possession of many advantages but the advantages do not work for investors, profit is always the top goal, and Bitcoin is always the best profit.

[pakhitheboss]

I think it out performs than other physical investment opportunities in this world. The best example is Gold. If you had invested in Gold back then when Bitcoin was being faced on an exchange in 2011 with a small amount of $100. Your profit today will be 10 times lesser than those invested their money in Bitcoin.

[samcrypto]

There are times that altcoins are more profitable compare to bitcoin because of their big growth is just short period if time. Some altcoins already made a 1000% profit while bitcoin is just 500% profit so for me, bitcoin are not good always and this is why we also need to invest in some altcoins to maximize the market and gain more profit.

[btc_angela]

And I mostly believed that institutions have been investing heavily on bitcoin even prior to the big bull run that we have witnessed in 2017 and even up to this day keeps on investing it silently. Institutions are very smart, when we thought that they're putting their money on traditional investments, then you have to think again. They are going to look at what's best for their money, and I have no doubt that majority of them chooses bitcoin.

[nienzer]

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC). With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

However, things haven’t gone particularly well for a lot of these guys. Earlier today, a tweet from a cryptocurrency investor with Twitter handle (@jratcliff) showed the performances of some of Bitcoin’s competitors in the industry since the bullish run of 2017.

Source link here

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

It's also the main gateway to be converted straight to fiat when withdrawing from your hardware wallet, mobile, exchanges or so. It's just my own point of view though.

What do you honestly think about this guys? Cheers!

Bitcoin is a working, reliable prototype of digital currency. Altcoins are a replicate of Bitcoin. Sooner or later, people begin to understand that altcoins are just a beautiful shell and no more, and then they return to the roots, that is, to Bitcoin

[AmoreJaz]

There are times that altcoins are more profitable compare to bitcoin because of their big growth is just short period if time. Some altcoins already made a 1000% profit while bitcoin is just 500% profit so for me, bitcoin are not good always and this is why we also need to invest in some altcoins to maximize the market and gain more profit.

that is case to case basis only if youre talking in terms of alts. and that is if you rightfully chose an alt and most of the time it is true only for a certain period of time. if you havent caught the train, then the likelihood of losing money is very high.
i would still go for bitcoin as we know that its position in the market has been cemented already.

[dimastegar]

I as a trader who is always watching the price of Bitcoin every day, I can conclude that Bitcoin is the safest and most profitable crypto investment compared to other coins.
There are several reasons that make me state this.
* First, Bitcoin is the first crypto currency
* Second, many people trade with BTC pairs
* Third, BTC holders have benefited many times with several Airdrops from HardFork on the Bitcoin Network such as BCH and BTC Gold.

[joelsamuya]

Bitcoin may not be the best cryptocurrency so far but what we can not deny is that it is the most accepted and the most popular. When we are talking about cryptocurrency, what comes to mind is Bitcoin, first and foremost. Do we have to wonder then if investors small and big as well as institutional are all gung-ho for it? In the next coming years, I always believe that it will still be Bitcoin that is going to be dominating the field.

[blckhawk]

Not much of a surprise. When they looked at 'cryptocurrencies', they would surely look at the most popular one, the Bitcoin. And even though it's good to look as an investment, it fails if people looked at it as a medium of payment, especially for smaller transactions. They would know the weaknesses of Bitcoin, in which Ethereum could shine. As of now, it's seen as an investment, but the main goal is to see it as another usable currency applicable to all scales of transactions.

[meanwords]

Probably because Bitcoin gives one of the best ROI when it comes to investment. It is one of the safest investment that anyone could find in the crypto space and that it is the first to pump when a bull run comes. Bitcoin doesn't need hype and new announcements to push its price, the altcoins will do that for Bitcoin. It's like Bitcoin is the Master, and this altcoins are the slaves trying to make cryptocurrency popular with that mass which then on Bitcoin reaps all the benefits.

[mobnepal]

There are basically three altcoins that had gain imense amount of attention during 2017 bull run namely ethereum, ripple and bitcoin cash.

Ethereum = got massive pump and dump because majority of ICO failed to deliver their promises and legal bullshit around ICO
Ripple = unlimited supply and major periodic dump by corporation behind this centralized crypto
Bitcoin cash = bitcoin's fork trying to solve fee issues but at backend few crypto billionaires trying to print more money out of thin air/bitcoin holdings

Bitcoin is actually base currency in crypto ecosystem and it will remain like this in future too as number of adopters and marketcap bitcoin have is massive compared to others

[Bim abk]

Not much of a surprise. When they looked at 'cryptocurrencies', they would surely look at the most popular one, the Bitcoin. And even though it's good to look as an investment, it fails if people looked at it as a medium of payment, especially for smaller transactions. They would know the weaknesses of Bitcoin, in which Ethereum could shine. As of now, it's seen as an investment, but the main goal is to see it as another usable currency applicable to all scales of transactions.

I actually think that bitcoin fame exceeds cryptocurrency. because some people closest to me only know bitcoin but they don't know that bitcoin is a crypto. so I think bitcoin believes that bitcoin outperforms other coins, because the more fame there will be many users who choose it

[pooya87]

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC).

wrong.
for as long as altcoins existed, bitcoin investors have been investing their bitcoin in altcoins so that they could increase it. in fact one of the most popular ways that people mention as "ways to earn bitcoin" has always been trading altcoins.

With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

the thing about foolish thoughts such as this is that they never last long.
as you can see even if anybody was fooled into thinking this way back in 2017, they all know that it was a lie since for the past 2 years these altcoins have been dumping without pause or recovery.

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

bitcoin is dominating without any competition because it is decentralized, secure, immutable and most important of all used in real world as a currency.
otherwise even if its price were performing bad it still would dominate the market.

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

again same reasons as above.
for instance Microsoft accepts bitcoin but not ethereum, ripple,... because they don't want to see their payment reversed because these centralized altcions decided to roll back some blocks as they have done in the past..

[EdvinZ]

It so happened that the bulk of investors accepted Bitcoin as the main cryptocurrency. It's not about its technological superiority over alternative cryptocurrencies. Perhaps bitcoin dominates because It is the very first cryptocurrency. There are already many other cryptocurrencies, no less technological than Bitcoin. But investors do not want to buy them, because it so happened that the success of Bitcoin believe more than in altcoins.

[Janation]

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC). With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

However, things haven’t gone particularly well for a lot of these guys. Earlier today, a tweet from a cryptocurrency investor with Twitter handle (@jratcliff) showed the performances of some of Bitcoin’s competitors in the industry since the bullish run of 2017.

Source link here

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

It's also the main gateway to be converted straight to fiat when withdrawing from your hardware wallet, mobile, exchanges or so. It's just my own point of view though.

What do you honestly think about this guys? Cheers!

Bitcoin is a working, reliable prototype of digital currency. Altcoins are a replicate of Bitcoin. Sooner or later, people begin to understand that altcoins are just a beautiful shell and no more, and then they return to the roots, that is, to Bitcoin

I can't say that they are replicate.

But I think altcoins is the version of Bitcoin based on the creator of that altcoin. They are not replicating Bitcoin but they are wanting to create something that they think can help people and give them profit.

[gabmen]

Well what can you expect. Being the coin that started it all, and with it's uses proving it has more relevance than any coin in the market, of course it will outclass it's crypto competition, if it can even be considered as that at all. Even if some coins prove to be more advanced when it comes to technology, i guess the fact that investors still veer towards bitcoin proves other coins still has a long way to go to catch up.

[Yaunfitda]

One obvious reason why bitcoin remain so dominant and the best crypto options is that it's the first and given the fact that many media are now covering bitcoin trades more than ever. Of course we love altcoins as well, however, bitcoin has a good track record.

Most altcoins are still down 90%, while bitcoin has slowly bounce back, just around 60% from its' previous all time highs.