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.

[cryptomaniac_xxx]

Not only those Bitcoin forks coins, but there is also an attempt by the followers of ETH, which they call the "the Flippening", they were close to really become the top crypto that time, but Bitcoin emerges and then ETH was not the same anymore.

Same with Ripple, the so called "Rippening", but it was worst than the Flippening, as it was not even close.

But for those Bitcoin forks, they are all dead by now and we can say that the rest is history.

[freedomgo]

This was also the year when I made a lot of profit due to many altcoins that pumped like crazy. But my mistake was I believed they had a future like Bitcoin so I did not sell them all, in fact I still have a lot of worthless coins now in my MEW and most of them are ETH tokens. Those days, I know they will not happen again so I'm no longer investing in altcoins now as most of the time they end up being scams.

But for those Bitcoin forks, they are all dead by now and we can say that the rest is history.

I still lacked knowledge at that time as I was easily tempted by the hype. And actually I believed at that time that those Bitcoin forks were going to replace Bitcoin as they had huge volume and they were pumping, those years really 2017 and 2018 were the altcoin bull run. Many suffered losses during that time but we cannot deny that many have profited as well.

At that time as well, regulators were not paying much attention to crypto, scammers have flourish.

[Oshosondy]

But for those Bitcoin forks, they are all dead by now and we can say that the rest is history.

I still lacked knowledge at that time as I was easily tempted by the hype. And actually I believed at that time that those Bitcoin forks were going to replace Bitcoin as they had huge volume and they were pumping, those years really 2017 and 2018 were the altcoin bull run. Many suffered losses during that time but we cannot deny that many have profited as well.

At that time as well, regulators were not paying much attention to crypto, scammers have flourish.

It is not about you lack knowledge, there are some things that you have to watch and see what will happen to have experience about the thing. I believe Satoshi may not even know how things might be later.

The altcoins increased in 2017, but they later fell significantly in 2018.

cryptomaniac_xxx, BCH is not dead, but neither moving forward. I will prefer to use shit coin for it than calling it dead, although we do not know if it will later be dead but the coin is still showing some momentum till now. If comparing it with bitcoin, bitcoin is more than 300 times greater.

[adultcrypto]

This analysis just confirm the saying beside bitcoin, every other thing that claims to be bitcoin is shitcoins. We have seen how futile the efforts of those who want to create their own version of bitcoin have been and it is confirmed that such actions were fueled by greed and the quest to enrich themselves. Holding bitcoin is the reasonable thing to do for the peace it gives and the assurance that the money will not get eroded with time as is common with the various shitcoins.

[Luzin]

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%

This chart explains that no matter the coin, Bitcoin is the most powerful coin in crypto. Even all the coins that I considered to be once popular and expected to last actually cannot do that. This means that this situation illustrates not to hold altcoins for too long because they cannot sustain well. It is better to enter and exit. The investment with the best profit gains and the ability to retain value is Bitcoin. Besides that, do not assume that altcoins that are priced low are always worth buying. Then, it turns out that even large coins cannot yet guarantee that they can survive until now. Do research if you are going to trade, and then you must be disciplined with the trading strategy that you have determined. IMO

[OcTradism]

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.

They're shitcoins and were created by scammers with a same purpose: stealing bitcoins from people who are both greedy, and naive to believe in such scam coins.
How Many Bitcoin Forks Are There? You will be surprised!!!

Even the biggest and most "successful" fork, Bitcoin Cash, is a scam coin. Successful contextually is for scammers behind Bitcoin Cash project, not for people who believed in BCH, spent money for it, lost their bitcoins, held a shitcoin that has lost its price over years since 2017.

To newcomers: make sure when you buy bitcoin you are buying bitcoin!
Has Bitcoin.com stopped presenting Bitcoin Cash as the real Bitcoin?

[KiaKia]

Most of these coins have good developers, but the made the wrong choices, instead of them to follow the example that Bitcoin creator did, and do somethings right they wanted to kill Bitcoin and be the better Bitcoin.

I will tell you right now that these failed projects Devs are even better than what we have in alt space as we speak, there was no platform that can build a project at the time, there was no AI that can create a Blockchain project from scratch to the finish.

You as a developer in 2017 have to do everything from scratch, I am not talking about those fork coins, I am talking about projects that's been developed since 2017 that have the sole purpose of making Bitcoin look less of an innovation.

We should all apply this lesson to our daily lives too, when something works just accept it, you don't have to bad mouth and call it names all because you believe that you are better.

[Zoomic]

To think that some of this projects then had better features on paper but still couldn't survive long-term test of the market tells that it takes a whole lot to build trust.

Some of them introduced faster transactions, lower fees and other interesting technologies but those were still not convincing enough for people to trust abd use them consistently.

Bitcoin didn't come with much hype rather it spent years building trust, people saw how it survived different market conditions and continued to offer real value. That's why Bitcoin will forever remain the most sought after coin.