What makes Bitcoin new from Other coins

[uche6215]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

[mocacinno]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

New? Nothing... Bitcoin wasn't exactly the first try at digital cash, but it was the first one i consider to be successful. Because it was the first successful one, it has the most miners, the most users and the highest market cap.
It's because of the POW algo and the vast amount of miners that bitcoin is secure, because of the widest adaptation the market cap is the  highest.

But different from altcoins? Nothing, i guess? Even the first altcoin (litecoin) is just a slightly changed clone of bitcoin. It has a shorter average time between blocks, and they created a different POW algo, but the rest is *allmost* a carbon copy.
There are tons of other altcoins out there that are *allmost* carbon copy's aswell, so i guess there is nothing really different between bitcoin and these alts, except the sheer amount of miners and users.

[Oshosondy]

Bitcoin stand out because it is decentralized. It is also what people are going for, making it to have a dominance of almost 60%. The only coin that have over a trillion dollar market cap. The coin that people around the world prefer to adopt. Having no known creator which makes it to look natural unlike the altcoins that has known creators.

[Marvell1]

Let have your view concerning what makes Bitcoin stand out from others?

I remember we have discussed this many times before and you should have no trouble finding the answer to your question if you take the time to search first. Also, if you take the time to read about the white paper and what satoshi's real purpose was in creating bitcoin, you will know the difference between it and the rest of the market.

By the way, bitcoin has become a topic of interest and attracted more world attention than any other coin on the market in the past 15 years, not just recently.

[Finestream]

Think of Bitcoin as digital gold, and that settles the argument. I’m not against altcoins, but if you check the scam rates in the altcoin market, you’d be shocked, it’s way too high. That’s exactly why Bitcoin earns more trust over altcoins. And let’s not forget, the word "altcoin" literally comes from "alternative." Altcoins only exist because of Bitcoin. Without Bitcoin paving the way, there wouldn’t even be altcoins to talk about.

[Plaguedeath]

The difference is, Bitcoin has real life use case while most of altcoins didn't.

Other coins that has use case is Monero, it's used for anonymity. But it can't be popular because every centralized entity are against Monero.

Aside from decentralization, Bitcoin was never been hacked, unlike other coins.

[MeGold666]

...
Aside from decentralization, Bitcoin was never been hacked, unlike other coins.

Bitcoin has been hacked, devs fixed the inflation bug and reversed the chain.

Source: https://news.bitcoin.com/bitcoin-history-part-10-the-184-billion-btc-bug/

It could be fixed without big drama because it was early, today if this would happen it would collapse Bitcoin.

[kotajikikox]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Hmm. I don’t think Bitcoin “stands out from others”. Why would you have to stand out when you are the ORIGINAL and the one that everyone tries to copy?

Bitcoin is the first decentralized cryptocurrency and is the most successful one. It has the highest marketcap and is the one most commonly traded even until now. Launched in 2009 but ever since then its value kept rising despite volatility and price fluctuations.

If anything other altcoins should be the one trying to make themselves stand out from the hundred altcoins out there and step out of the shadow of bitcoin.

[Alphakilo]

Let have your view concerning what makes Bitcoin stand out from others?

Without trying to talk about the fundamentals of bitcoin and all of those things that the more knowledgeable members would have touched on, I will give you my view on why I think bitcoin stands out from the other coins from a personal perspective. Bitcoin has been the only consistent coin that even when its price drops, you are not scared that some big whales are going to crash it and it will be the end of the project. You can rest assured that the price will increase. This is what we are currently seeing. Some months ago the price tanked to $15,000 and here we are at over $90,000.

My other perspective on why I think that bitcoin stands out from the other coins is that everyone can see that it is the coin that is drawing the most attention from everyone. Governements are interested in it, financial institutions are constantly talking about it, and entrepreneurs can't wait to hold a lot of it in their wallets. Private citizens are doing dollar cost avarage to hold more because of its potential. The handwriting on the wall about bitcoin is obvious. For all of these, we cannot say about the other coins.

[MeGold666]

...Governements are interested in it, financial institutions are constantly talking about it, and entrepreneurs can't wait to hold a lot of it in their wallets.

Of course gov and old financial system is interested in it! as it gives them a lot of power - you can't hide how much you have and they can tax you to the oblivion.

Project to tax you from unrealized capital gains is already in the way, so you will have to send them big portion of your coins.

It's a win win for them.

[sunsilk]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative

Changed narrative of what? maybe because of the adoption that's happening with the financial institutions and they're also buying it, right?

and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?

It's because it's the king of this market. Nothing new, nothing less. People especially the new ones need to figure that out and they always talk about the expansiveness of it but that's what you get when you firstly saw it.

But if you are up for being a long term guy on this market, that is what's the difference of it. The global adoption and acceptance of it is no-brainer.

[MeGold666]

It's because it's the king of this market.

Tether printer goes...



You can't be serious for long term with Bitcoin, which is being backed by Tether which in turn is being backed by nothing.

Over&Out.

[hugeblack]

99.99% of altcoins are duplicates and aim to make their developers rich and therefore they are not serious projects and there are a few alternative currencies that are considered real competitors to Bitcoin but due to the huge difference in market capacity between these projects and the lack of serious competition or need for most of these projects and therefore Bitcoin will remain number 1 for a long time.

[nullama]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Previous attempts were centralized, making them easy targets, but Bitcoin is the first attempt of decentralized money:

"A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990?s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.

And later attempts are not as large as Bitcoin.

The key thing here is that Bitcoin is now very resilient. It was almost a miracle that Bitcoin actually was able to exist. It was very fragile in the first few years, but now it has the power of so many miners, that it's practically impossible to attack it successfully.

Any other altcoin will basically have to start from zero, and they would be too fragile to exist in this environment, whereas Bitcoin will continue generating blocks every roughly 10 minutes on average.

[Ziskinberg]

Of course gov and old financial system is interested in it! as it gives them a lot of power - you can't hide how much you have and they can tax you to the oblivion.

Project to tax you from unrealized capital gains is already in the way, so you will have to send them big portion of your coins.

It's a win win for them.

There’s nothing we can do about that anymore as times have changed. With institutional investors coming in, strict regulations are inevitable. The era of early investors riding the wild waves of Bitcoin seems to be over. From here on, it’s the big money stepping in, taking their share of the market. The upside? It’ll make the market more stable, and that would result to stability which is the key to wider adoption.

As for altcoins, I believe they’re starting to feel like the early days of Bitcoin, where pump-and-dump schemes were the norm. They’re highly volatile because they’re less regulated. So, if someone wants to take a shot at playing with volatility, altcoins are the playground. Right now, the trend is meme coins, and for gamblers, they’re definitely worth keeping an eye on, just play the game right.

[BlackBoss_]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

If you want something new, trendy, potential, you can find it in altcoins. There are many altcoins for you in this market to find revolution in technology and use cases. It sounds very attractive but let me tell you a hidden dangerous fact about altcoins.

They are weak, low or zero value, centralized and they can die anytime. You can find these promising things in top altcoins, but top altcoins can die too.

Don't buy altcoins because they are top altcoins.
How many cryptocurrencies failed?

[john_egbert]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

If you want something new, trendy, potential, you can find it in altcoins. There are many altcoins for you in this market to find revolution in technology and use cases. It sounds very attractive but let me tell you a hidden dangerous fact about altcoins.

They are weak, low or zero value, centralized and they can die anytime. You can find these promising things in top altcoins, but top altcoins can die too.

Don't buy altcoins because they are top altcoins.
How many cryptocurrencies failed?

If I am to ask, how SOL, ETH, or BNB (the one mentioned in your thread) - would be dead?
What can possibly push them there? I don't see it.
 

[FortuneFollower]

Of course gov and old financial system is interested in it! as it gives them a lot of power - you can't hide how much you have and they can tax you to the oblivion.

Project to tax you from unrealized capital gains is already in the way, so you will have to send them big portion of your coins.

It's a win win for them.

There’s nothing we can do about that anymore as times have changed. With institutional investors coming in, strict regulations are inevitable. The era of early investors riding the wild waves of Bitcoin seems to be over. From here on, it’s the big money stepping in, taking their share of the market. The upside? It’ll make the market more stable, and that would result to stability which is the key to wider adoption.

As for altcoins, I believe they’re starting to feel like the early days of Bitcoin, where pump-and-dump schemes were the norm. They’re highly volatile because they’re less regulated. So, if someone wants to take a shot at playing with volatility, altcoins are the playground. Right now, the trend is meme coins, and for gamblers, they’re definitely worth keeping an eye on, just play the game right.

Bigger money flowing means bigger restrictions put on them.
And I do agree with the alts being the place to see the real potential combined with the risk going for it.
As for now, we are at a crossroads with BTC - what would the US do with it at the end of Trump's term? Only one thing is certain - BTC is still going to stay a glorious king of crypto. With or without big hands being involved more and more in it.

[lovesmayfamilis]

I remember we have discussed this many times before and you should have no trouble finding the answer to your question if you take the time to search first. Also, if you take the time to read about the white paper and what satoshi's real purpose was in creating bitcoin, you will know the difference between it and the rest of the market.

By the way, bitcoin has become a topic of interest and attracted more world attention than any other coin on the market in the past 15 years, not just recently.

Look at the date of OP's registration. He knows all the advantages of Bitcoin very well, literally from his first posts as a newbie. But OP is famous for his reputation as a storyteller who can sometimes lie about some of his knowledge, and his multiple creations of new topics do not compensate for his desire to read the answers, unfortunately. OP was previously fascinated by the "economy" section, creating topics regularly; now, finally, he is interested in the advantages of Bitcoin. You can say that he is not too hasty in his zeal for knowledge.

[Pi-network314159]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Bitcoin is not much difference from other coins in nature and in terms of transaction. But bitcoin still stand out from other coins because it was the first coin to be listed. It has the highest number of investors and it is limited in supply and has the highest market cap compeard to others. Bitcoin is the only coin that expirenced halving every circle. It experience bear and bull run season while others follow suit. Infactnit bitcoin is more reliable, trusted in terms of security of investment than other altcoins. People preferably chose the main coin which is bitcoin over the photocopy hence the original can not be compeard to the photocopy, That is just the summary.