The biggest differences between Bitcoin and altcoins?

[X-ray]

Yeah, there's actually a huge difference in their creation process,both are still cryptocurrencies but in their technological and design creation lies so much difference in application and functioning.Since Bitcoin is the king to all cryptocurrencies, Bitcoin is aimed at prioritizing in some of it's features like that of decentralization and security while some altcoins may compromise on these and become vulnerable to cyber attack and inconveniences.

really spot on with the compromise of decentralization.

these altcoin sometime trying to brand themselves as decentralized meanwhile most of governance power usually being held by the founder of the altcoin.

some altcoin trying to make governance through consensus or DAO but from their tokenomic, the majority of governance token belong to the founder and the VCs meanwhile the community only held as little as 10% of supply or even less.
the decentralization of these altcoins mostly are just illusion, while with BTC you got real decentralization.

[nullama]

Bitcoin is the only truly decentralized and immutable digital asset. While altcoins claim to offer innovation most are just centralized experiments prone to manipulation. Bitcoin's proof of work system ensures real skin in the game, while many altcoins let insiders print toekns out of thin air. The market is flooded with hype driven projects but at the end of the day bitcoin remains the gold standard of digital money. I'd rather hold something truly scarce and battle tested.

Yes, absolutely.

Even Ethereum, which many people think is one of the best altcoins, was premined, is centralized, and is basically not hard money, as you can print as much as you want.

And yet, many people try to get rich quick with altcoins, it's basically an unregulated casino.

Bitcoin offers all the benefits that you need for hard money. That's really it. You can't really compete with that.

Most altcoins are just a way for the founders to get rich quick by getting the money from people that want to get rich quick...

It's a bit funny actually when you think about it

[ChiBitCTy]

Well the biggest difference is al of the coins weren't first, weren't created by an anonymous person of group of people, nor doe they have the level of programmers that bitcoin has and has had in the past days. I mean that's what it comes down to.  Course for the few coins outside of bitcoin that have utility, like Monero..well the difference is what is anonymous and one isn't.  I don't see Monero has a competitor, never will get that high in value, but what it does best will ensure it's future.  If bitcoin was anonymous, it would implode.  Maybe not ruin it entirely but, it would be bad.

[john_egbert]

Well the biggest difference is al of the coins weren't first, weren't created by an anonymous person of group of people, nor doe they have the level of programmers that bitcoin has and has had in the past days. I mean that's what it comes down to.  Course for the few coins outside of bitcoin that have utility, like Monero..well the difference is what is anonymous and one isn't.  I don't see Monero has a competitor, never will get that high in value, but what it does best will ensure it's future.  If bitcoin was anonymous, it would implode.  Maybe not ruin it entirely but, it would be bad.

Most of the coins just follow the flow and funds pouring into them, that's their main gist to blow off value-wise.
Bitcoin, on the other hand, searches for something else - to blow off adoption-wise.

[SigCrypto]

Btc's scarcity is a major factor in its value. However not all altcoins are the same some like ethereum have unique functionalities such as smart contracts which enable decentralized applications. The real difference lies in security, decentralization and long term viability. Many altcoins experiments with governance models, scalability solutions and efficiency improvements that bitcoin lacks. While some projects are indeed worthless cash grabs others push innovation forward in the blockchain space.

[nullama]

Btc's scarcity is a major factor in its value. However not all altcoins are the same some like ethereum have unique functionalities such as smart contracts which enable decentralized applications. The real difference lies in security, decentralization and long term viability. Many altcoins experiments with governance models, scalability solutions and efficiency improvements that bitcoin lacks. While some projects are indeed worthless cash grabs others push innovation forward in the blockchain space.

There are other factors to consider as well, for example Ethereum is not really hard money because they can print how much they want.

It was also premined, and it is centralized. I mean, I don't think Ethereum can even be considered money, maybe it is just a computing platform that you pay to use, which is what they call "gas".

In the end, you can perform other operation on the blockchain, but really only moving money has to be on the blockchain, because most other applications can be done centralized in a database, and they would perform much better.

It's only when you need to be able to resist anyone trying to block you that you need something like a blockchain, and money is basically the only application for that.

[fikrett]

I completely understand the frustration with the flood of altcoins in the market. It's true that many are created for quick profit rather than real utility. However, lumping all altcoins together as scams oversimplifies the situation. There are legitimate projects that improve on bitcoin's limitations like transaction speed and smart contract capabilities. That being said, I stick with bitcoin because its security, decentralization and adoption are unmatched.

Yep.
Nobody also enforces you to work with said alts. They are just there as alternatives to some cases, just like BTC is envisioned to be an alternative to traditional systems in the world.

[AsvXrin]

bitcoin's design makes it the most secure and decentralized crypto and that's why I trust it over most altcoins. But I also recognize that some atlcoins bring innovation whether through smart contracts, faster transactions or energy efficient consensus models. Not all are scams some aim to solve real world problems that bitcoin isn't designed for. I stick to btc for long term value but i also keep an open mind about blockchain's potential beyond it.

[EarnOnVictor]

To me the biggest difference is how bitcoins are created. It takes a great deal of investment in time, effort, money and energy just to mine and produce a single bitcoin.

I wouldn't even give too much credit to the mining of Bitcoin as a distinction between it and altcoin, who cares? Almost 20 million Bitcoins have already been mined, so the difficulty of mining doesn't affect anything related to its economics anymore unless we are only fooling ourselves.

However, Bitcoin and altcoins are not just mates, so don't let us compare much. Is it the pioneer title? Reliability? The true decentralization, unlike the rubbish we see these days? The preference of the big guys and institutional bodies? Name it. Bitcoin is just incomparable!

[betswift]

To me the biggest difference is how bitcoins are created. It takes a great deal of investment in time, effort, money and energy just to mine and produce a single bitcoin.

I wouldn't even give too much credit to the mining of Bitcoin as a distinction between it and altcoin, who cares? Almost 20 million Bitcoins have already been mined, so the difficulty of mining doesn't affect anything related to its economics anymore unless we are only fooling ourselves.

However, Bitcoin and altcoins are not just mates, so don't let us compare much. Is it the pioneer title? Reliability? The true decentralization, unlike the rubbish we see these days? The preference of the big guys and institutional bodies? Name it. Bitcoin is just incomparable!

Both have their cases, but yeah, regarding the metrics we are talking about - it's not even close.
Although, we must admit where liquidity pours once the BTC DOM factor falls off.. And the back to the king 

[RockBell]

Yeah, there's actually a huge difference in their creation process,both are still cryptocurrencies but in their technological and design creation lies so much difference in application and functioning.Since Bitcoin is the king to all cryptocurrencies, Bitcoin is aimed at prioritizing in some of it's features like that of decentralization and security while some altcoins may compromise on these and become vulnerable to cyber attack and inconveniences.

In a simple term, Bitcoin can be verify and you don't have problem to doubt anything but can you really do that with altcoins? No. Most of altcoins are centralized and decision making is usually by the team only, they make it looks like you have a say in it but they dominate the vote with their bags so that the rest of the community don't have the power to determine the votes, forget about all this their Dao and community call, it's the team that determines everything.

Altcoins can't be trusted, but for people that want to risk? It's their choice. It's their money to do what they want but then it's better to have Bitcoin by your side as spare tire, don't put your eggs in altcoins because having just 10x from Bitcoin  a year is worth something, you can't get that from any stock assets, even S&P wouldn't give you that a year, there is nothing bad in having Bitcoin even if you prefer altcoins than Bitcoin itself.

[$weetne$$]

Yeah, there's actually a huge difference in their creation process,both are still cryptocurrencies but in their technological and design creation lies so much difference in application and functioning.Since Bitcoin is the king to all cryptocurrencies, Bitcoin is aimed at prioritizing in some of it's features like that of decentralization and security while some altcoins may compromise on these and become vulnerable to cyber attack and inconveniences.

The difference is the reason Bitcoin was created and the reason altcoins were created. Altcoin were not created because they wanted to improve the system or to add to the existing system. They were just created because some greedy people wanted to make money. The rate at which altcoins are getting launching is becoming a problem as it is taking the credibility of the industry away. Anybody can now create any coin that they want and scam people yet nothing is going to be done to the people that launched the cryptocurrency as they will claim they did not force anyone to invest which is true but their actions of scamming people still needs to be punished therefore if you do not want to become a victim, we should be careful what we invest into.

[Callido]

I completely understand the frustration with the flood of altcoins in the market. It's true that many are created for quick profit rather than real utility. However, lumping all altcoins together as scams oversimplifies the situation. There are legitimate projects that improve on bitcoin's limitations like transaction speed and smart contract capabilities. That being said, I stick with bitcoin because its security, decentralization and adoption are unmatched.

Yep.
Nobody also enforces you to work with said alts. They are just there as alternatives to some cases, just like BTC is envisioned to be an alternative to traditional systems in the world.

An alternative of what really?

Altcoins these days are hardly built on any potential, anyone can just pick up devices and begin to create whatever they feel like, carry out promotions, sell and dump the project afterward. Altcoins are potential risks, they serve no alternative all they do is collect money from investors who seek the project as the right source to multiply their money forgetting it's not of certainty, unlike Bitcoin where profits must be compulsorily made out of as long the investor follows due pattern.

[JunaidAzizi]

In my view, the biggest difference between Bitcoin and altcoins is the foundation behind Bitcoin, which is not seen in altcoins. The creation of Bitcoin was a response to the traditional finance system, which holds people by the neck and controls them as it wants. Bitcoin gives them freedom from that system and introduces the concepts of decentralization and censorship resistance, while altcoins are made to prioritize their goals, such as increasing transaction speed and catering to market niches, etc. Altcoins do not maintain the same level of trust and reliability as Bitcoin. Additionally, Bitcoin has a limited supply, while altcoins are abundant, you can create as many as you want, which again cannot compete with the value of Bitcoin.

[GbitG]

_Snip_

What are other differences?

Hmmm, that's interesting.Well, the difference between these two is simply Bitcoin is Bitcoin and Altcoin is Altcoin. Hahaha 😆 I am just kidding.

But anyway let's talk about the difference. Bitcoin is totally different, it has a decent design, like there Bitcoin has made up for an additional purpose, as well as their scarcity and privacy set, which makes them more prominent in the terms of statistics. While Altcoin is just made up for a better version of Bitcoin, it is like to fill the loophole behind the framework. But the fact is that these Altcoins did nothing all of them are trying to pretend to be good, but in reality, all are just a dawn of risks in the terms of value worth...

[passwordnow]

Big difference.
A bitcoin investor will never have to worry how it will go in the future.
An altcoin investor will worry about how the market's volatility does with the chosen altcoin for its behavior and also the behavior of its developers.

[SickDayIn]

I think the comparison of mining and how coins are generated is not the biggest factor or difference between Bitcoin and altcoins. I think the key point is the market dominance is Bitcoin is 60% of the total cryptocurrency market cap. I have other threads on my profile about the lack of utility provided by altcoins.

[dunfida]

I completely understand the frustration with the flood of altcoins in the market. It's true that many are created for quick profit rather than real utility. However, lumping all altcoins together as scams oversimplifies the situation. There are legitimate projects that improve on bitcoin's limitations like transaction speed and smart contract capabilities. That being said, I stick with bitcoin because its security, decentralization and adoption are unmatched.

Yep.
Nobody also enforces you to work with said alts. They are just there as alternatives to some cases, just like BTC is envisioned to be an alternative to traditional systems in the world.

An alternative of what really?

Altcoins these days are hardly built on any potential, anyone can just pick up devices and begin to create whatever they feel like, carry out promotions, sell and dump the project afterward. Altcoins are potential risks, they serve no alternative all they do is collect money from investors who seek the project as the right source to multiply their money forgetting it's not of certainty, unlike Bitcoin where profits must be compulsorily made out of as long the investor follows due pattern.

Compulsory? This isnt really that something that you can point or mandate on, on which price or value itself will really be that definitely be basing up on the demand itself by the community and some other factors as well like whales and institutions but we do know that this isnt something that can be easily manipulated though but there are indeed tendencies. Speaking about altcoins on what you had elaborated then we can really be able to say that it isnt really that all are shit, lets say 90% of them are trash but we cant deny that when it comes to other altcoins or projects on which it does have that utility on which this is something which is really that relevant.

This is where some investors do really that support and invest into it and there's nothing we can do. Anything besides Bitcoin will really be considered to be alternative and even we should accept that they are really that having that much better features in comparing into the father of all cryptocurrencies but utility speaking then i dont really see any issues with that yet we can be able to make out transactions without any problems or hiccups, except when theres a market congestion. 

[FortuneFollower]

Big difference.
A bitcoin investor will never have to worry how it will go in the future.
An altcoin investor will worry about how the market's volatility does with the chosen altcoin for its behavior and also the behavior of its developers.

That's the difference investment-wise.
But I agree with you, no nerve is put in BTC as much as with some alts.
However, they are still a way to interact with the market and do business

[JiiBs]

Big difference.
A bitcoin investor will never have to worry how it will go in the future.
An altcoin investor will worry about how the market's volatility does with the chosen altcoin for its behavior and also the behavior of its developers.

That's the difference investment-wise.
But I agree with you, no nerve is put in BTC as much as with some alts.
However, they are still a way to interact with the market and do business

They say Bitcoin is unstable, highly volatile and all that but, when you relate that to altcoin, it’s always hyper in all these characteristics. The worst about altcoin is, should some of them dump, they never come up. It’s got next to zero securities on it or even negatives. Altcoin investments are many at times driven by greed, a greed that pushes investor to invest little with hopes of reaping huge amounts and some people get there, very few of them which are on the development team, reaping off regular folks.