The fate of coins that claimed to be "better than Bitcoin" in 2017

[oll]

This chart shows the relative performance of the top 100 cryptocurrencies by market capitalization as of June 18, 2017, against Bitcoin. Almost all of these coins ended with -99.9%

Bitcoin has proven that its liquidity, the trust of both small and institutional investors, and the network's unquestionable security are more important than the technical characteristics of its underlying layer. And of course, Bitcoin Cash, which some considered the "main competitor" to Bitcoin, has lost 99% of its value relative to BTC.


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[_act_]

And of course, Bitcoin Cash, which some considered the "main competitor" to Bitcoin, has lost 99% of its value relative to BTC.

With the way bitcoin cash (BCH) was, it should be very easy for people to know that the coin will lost it. The coin that its developer named bitcoin to deceive people as if it is the real bitcoin, but which people that are in crypto that know about what was going on know as an altcoins. The airdrop alone should be a reason most people should also know that it would be a shit coin.

[Sammye3]

And of course, Bitcoin Cash, which some considered the "main competitor" to Bitcoin, has lost 99% of its value relative to BTC.

With the way bitcoin cash (BCH) was, it should be very easy for people to know that the coin will lost it. The coin that its developer named bitcoin to deceive people as if it is the real bitcoin, but which people that are in crypto that know about what was going on know as an altcoins. The airdrop alone should be a reason most people should also know that it would be a shit coin.

People should realize that any coin that comes as an airdrop is mostly not good for long term investment. You could take examples from previously airdropped coins like Arbitrium, Uniswap, Jupiter, Starknet and the rest. They don't have long term utility and it's definitely not good enough to compete with bitcoin, not even now or in the future.

Many of the altcoins follow a certain pattern, and one with the experience and knowledge would immediately identify a scam or a rugpull project without a hassle.

[348Judah]

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Going through the statistics on the chart and the list of coins that were shown accordingly, it is so notable to discover some coins that are better as in those days but I know where to be found today, which shows that we can't always rely on every project that was being introduced as a reliable one for our investment, some are still performing averagely, but not as expected after their previous performance is that motivated a lot of investors through consider them, you can only see that bitcoin is to accept that would have been invested as at 2017 and by now you will be ever grateful for such decision than any other coin or token being listed.

[boyptc]

Applying the common stocks principle about investing to blue chip stocks is what people should do.

And that's the same for crypto and that blue chip here is Bitcoin.

Anything that's different than bitcoin is a gamble these days. While there are some projects that have survived, if you go with the old traditional way of investing of lessening the risk, choose bitcoin.

Minimal are the chances these days to be successful by exploring with the altcoins and various projects.

[hugeblack]

I agree with you, almost all altcoins have failed to maintain a long-term upward trend.
On the other hand, many people view altcoins as a tool for providing liquidity or a short-term investment, as they do not tend to hold them for more than 6 months at best.

[Synchronice]

This chart shows the relative performance of the top 100 cryptocurrencies by market capitalization as of June 18, 2017, against Bitcoin. Almost all of these coins ended with -99.9%

Bitcoin has proven that its liquidity, the trust of both small and institutional investors, and the network's unquestionable security are more important than the technical characteristics of its underlying layer. And of course, Bitcoin Cash, which some considered the "main competitor" to Bitcoin, has lost 99% of its value relative to BTC.

There are some coins that are technically better than Bitcoin and probably more secure than Bitcoin but here is the thing, Bitcoin was and is the best coin for massive adoption and that's why no other coin managed to beat Bitcoin. The reason it was the best option is that it was one of the first successful cryptocurrency and it's pseudo-anonymous, which means that it's not that big of a threat for governments because if Bitcoin was Monero, then it would definitely be banned before becoming massively popular.
Also, one of the biggest advantage of Bitcoin is that it's truly decentralized, we don't know who created it and we will probably never know it. There is too much money invested into businesses that involve Bitcoin and blockchain technologies. Every day, this coin just gets harder to beat.