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

[bitzizzix]

In my opinion, because bitcoin is the first digital coin in the world and is known to many people compared to other altcoins which are only alternative coins from bitcoin, and besides that bitcoin is a safe and profitable investment instrument compared to other digital coins or all altcoins.
and there are still many advantages of bitcoin that I think are better than altcoin and can't deny that bitcoin is the best cryptocurrency so far.

[tippytoes]

In my opinion, because bitcoin is the first digital coin in the world and is known to many people compared to other altcoins which are only alternative coins from bitcoin, and besides that bitcoin is a safe and profitable investment instrument compared to other digital coins or all altcoins.
and there are still many advantages of bitcoin that I think are better than altcoin and can't deny that bitcoin is the best cryptocurrency so far.

The popularity even among noncrypto users makes it really outstanding among others. Because try asking a noncrypto user if he knows about crypto, and he will ask if it is about bitcoin? With this popularity, merchants and other institutions are banking on it as compared to its competitors. Though there are other advantages like tx fees and faster speed for other alts, yet, they still come second of choice. We can't deny such influence when a certain entity is deciding which crypto is to be used within their payment system.

[luppecuppe]

We are in a market where price movements are very volatile. But I still think the most stable bitcoin. Some new altcoin prices are good. A sharp move in the price of bitcoin affects the whole market negatively.

[qiman]

It is natural that the grandfather of digital currencies is performing the best and is getting heavily invested in right now, more than other digital currencies because it is like investing in roads and highways for having the first cars on the roads. Smart people will invest in the infrastructure, and that is what BITCOIN is, the infrastructure to mass adoption. Of course there will be some very huge gains for certain cryptocurrencies and tokenized projects in this year and years to come, as just like there are different cars and brands of computers or phones, there are different crypto currencies or projects backing them that people will want to invest in if they see potential. I plan on investing and trading in some low cap coins and will gradually build my Bitcoin through trading and playing with the other currencies. Bitcoin will be a decent asset class currency to hold over time and will be performing well I think.

[oktana]

it won't be too much of a problem if the authorities only recognize bitcoin as a legal cryptocurrency at an early stage.

The entire initial focus of investment will remain towards bitcoin, so far what has happened to altcoin is only manipulation, they cannot push economics independently, the crypto tendency to be regulated will only focus on the extent to which bitcoin can be used and connected with fiat directly as a facilitator, not with altcoin.

[bitvalak]

It is natural to happen, every person or group would want bitcoin because bitcoin is a pioneer of cryptocurrency.  Although the price is too high, it does not deter people from being able to buy even have it.  In addition, bitcoin is a gateway for exchange from crypto to fiat currency.  Almost all websites that support cryptocurrency payments are already integrated with bitcoin payments.

[kryptqnick]

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!

Back in 2017, I thought that Bitcoin was getting less important and the vast variety of altcoin projects and use cases seemed inspiring and dominant over a very limited Bitcoin. And while people profited a lot from investing in Bitcoin, many ICOs also brought people crazy profits. The profit by the end of 2017 was great, especially if we take into account that there weren't many people who knew about Bitcoin in its very early days, whereas there were many more people enjoying the profits from coins like Ethereum and IOTA since the market got popular already. It's the losses after that time that were overwhelming and way higher than with Bitcoin. So right now, after all those losses, I think it's true that Bitcoin gets most of the attention, and it seems fair that it does.

[Rengga Jati]

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, 

I agree with you. Since only Bitcoin can prove that it is the safest crypto investment, it makes sense for people to focus on Bitcoin. Everyone must know that altcoin season seems still far away, while Bitcoin probably to have a good season in 2020 or 2021. So, they prepare themselves for this, while trading weekly to get faster income. Then, they leave altcoins that have too complicated problems.

[1Referee]

Though there are other advantages like tx fees and faster speed for other alts, yet, they still come second of choice.

In most cases that doesn't really matter to people. If it really mattered, we would see the transactinal activity on altcoin networks increase exponentially, but most are either flat or in decline. The reason people complain about Bitcoin's fees is that they actually use it and have no desire to shift to something else for actual use.

Bitcoin is on its way to take even low transaction fees and faster settlement away from altcoins through Lightning. It can't get much better than fees of just a couple of satoshis and instant settlement. In fact, you can already use it even though it is recommended to use it with low amounts only. Moreover, there is also more privacy when you conduct payments through Lightning.

[makishart]

I agree with you. Since only Bitcoin can prove that it is the safest crypto investment, it makes sense for people to focus on Bitcoin. Everyone must know that altcoin season seems still far away, while Bitcoin probably to have a good season in 2020 or 2021. So, they prepare themselves for this, while trading weekly to get faster income. Then, they leave altcoins that have too complicated problems.

Though the volatility sometimes isn't that "safe" but the market capital of bitcoin gives us sense of security by providing enormous liquidity therefore we can cash it out anytime when we need and it's really different if you compare with alts that are relatively low in liquidity that could hinder us from cashing out our money and therefore could potentially lost our money.

[papt29]

Bitcoin has several advantages, some of them are as follows:

It was the first cryptocurrency and the project that brought the novelty of blockchain technology, that is always an advantage, because mentally people are inclined towards the known brand.

The mining system and its difficulty have raised the cost of production of each BTC, this is a factor that affects the price increase.

Bitcoin is the most used and accepted cryptocurrency and people have greater facilities to convert FIAT money.

Since there are big businessmen and a high volume of people using Bitcoin, then there is a lot of speculation and this becomes an attraction.

In short I think that the Altcoins have lacked a truly aggressive strategy that I bet on practical use, in doing so, you can make a big difference.

[karanggatak]

I think everyone knows why bitcoin always outperforms other cryptos in investment because it is bitcoin that can provide huge benefits. although at this time many altcoins are popping up and have better technology than bitcoin but it still cannot beat bitcoin in terms of investment because bitcoin is the first and foremost coin in cryptocurrency and we know that almost all altcoins follow the movement of bitcoin. so do not be surprised if most crypto investors prefer bitcoin to altcoin.

[MURONDI]

bitcoin is the main crypto that first appeared before other crypto, people trust bitcoin more than any other crypto, bitcoin is more widely known than other crypto, most altcoins tend to follow the bitcoin price movements, so bitcoin is more the center of investor attention than any other crypto.

[ashmodeus]

~snip

i clearly see we no need to ask why BTC outclasses another crypto currency.
why ? bitcoin is the most recognize coin by general people, but besides it of course we need another reason to put bitcoin is the best investement option.
and the reason is ( from my opinion,of course) satoshi it self , he/she still believe his coins since beginning,i guess he/she is humble person.

[Vishnu.Reang]

So far this year, the market share of Bitcoin in the cryptocurrency market has increased from 45% to around 69%. And most of this increase has occurred after 2019 April. Investors are realizing that most of the current altcoins don't have any practical usage, and they are trying to survive by leaching off Bitcoin. There is a lot of movement from alts to BTC (i.e people are selling their alts to purchase Bitcoin).

[red4slash]

So far this year, the market share of Bitcoin in the cryptocurrency market has increased from 45% to around 69%. And most of this increase has occurred after 2019 April. Investors are realizing that most of the current altcoins don't have any practical usage, and they are trying to survive by leaching off Bitcoin. There is a lot of movement from alts to BTC (i.e people are selling their alts to purchase Bitcoin).

bitcoin is indeed quite profitable this year as price movements increase from the middle of this year, and what you say about people selling altcoin to invest in bitcoin is true because some of my friends do that, the goal is to minimize the losses that occur

[gabbie2010]

So far this year, the market share of Bitcoin in the cryptocurrency market has increased from 45% to around 69%. And most of this increase has occurred after 2019 April. Investors are realizing that most of the current altcoins don't have any practical usage, and they are trying to survive by leaching off Bitcoin. There is a lot of movement from alts to BTC (i.e people are selling their alts to purchase Bitcoin).

bitcoin is indeed quite profitable this year as price movements increase from the middle of this year, and what you say about people selling altcoin to invest in bitcoin is true because some of my friends do that, the goal is to minimize the losses that occur

Bitcoin price-wise this year was outstanding compared with other altcoins it amazes me that for the first time it price was a little bit stable as we approaches Christmas season which is always synonymous with hodlers or investors exchanging their btc to fiat for buying of stuffs and goods invariably or resulting to a little dump in its price however this is year the price is well stable this season an indication to a bull season come 2020.

[Eclipse26]

What's new? We all know that bitcoin is dominating and far ahead from other cryptocurrencies. There are thousands of other cryptocurrencies out there yet bitcoin is still at the top simply because we've been trusting bitcoin since then. And trust is hard to earn. People who are investing in bitcoin is rapidly increasing that's why it remains dominating.

[TastyChillySauce00]

It is natural to happen, every person or group would want bitcoin because bitcoin is a pioneer of cryptocurrency.  Although the price is too high, it does not deter people from being able to buy even have it.  In addition, bitcoin is a gateway for exchange from crypto to fiat currency.  Almost all websites that support cryptocurrency payments are already integrated with bitcoin payments.

Price being too high is not a problem if it can be obtained by the decimals or in other word small portion of bitcoin. This flexibility is what gives or make people who want to buy bitcoin being able to buy it easily without worrying about how much money they needed to invest and yeah, the fact that bitcoin always have a fiat pair whether it's local currency or USD also contributes.

[The Sceptical Chymist]

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.

Don't know what organizations you're referring to, but I would agree that bitcoin is the cryptocurrency that attracts all the attention and most of the investment money out there.  That is as it should be, IMO.

And there are too many altcoins out there to choose from anyway.  Some of them are good, but most of them are absolutely terrible and should be avoided at all cost.  There might be bargains to be had right now, but damned if I know which coins they are and I bet a lot of investors are feeling the same way.  Most coins ought to just die off and get delisted even from sites like coinmarketcap and coingecko.  I know that's not going to happen, but it should.