What makes Bitcoin new from Other coins

[legiteum]

Utility is what makes BTC different from other coins, there are so many cryptocurrencies in the industry, but many of them have no utility or any real world use, people simply buy them and hope on hype to make money out of it, you are not even expected to store such coins for a long time, if not you'll be left holding a useless coin that may never rise again. BTC has its real world use, and that is what gives it value and places it above other coins.

Bitcoin's utility is... terrible. It is extremely expensive and extremely slow to transact. And it will never scale to even a tiny fraction of the world's daily transactions.

If usability is the metric, the best currencies are XRP, HBAR and Haypenny currencies. These are 10, 100, and 1000 times faster and cheaper than Bitcoin respectively. And only Haypenny has been designed to handle all of the world's daily transactions.

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

[Iranus]

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

Just because bitcoin was first doesn't mean it's valuable and will always be the top choice because we all tend to go for the best, not the first. Its decentralized nature makes it valuable. It may not be the perfect currency or payment method when compared to some altcoins. But with its decentralized nature and scarcity, it is actually useful as your own bank, a store of value.

There is no denying that with the rise of altcoins, bitcoin dominance has decreased somewhat but that does not mean it will continue to decline until it loses its dominance. Bitcoin dominance has been stable for years at over 50% of the market and I think this number will continue to be maintained as governments and institutions are focusing on Bitcoin more than any altcoins.

[fuguebtc]

In theory, the decentralized nature of bitcoin allows us to become our own banks without having to rely on third parties. Additionally, bitcoin's original goal was to be a peer-to-peer currency but with a finite supply, making it also usable as an inflation hedge . But with what's going on, bitcoin is an investment so it's also subject to manipulation through pump and dumps by whales and sharks, not just altcoins .

But luckily ,  it still gets pumped and dumped but its decentralized nature remains intact so people's faith in it never fades. So, it can be stated that what makes bitcoin different from other altcoins is its decentralized nature .

BTC became too big to pump and dump. It's - the - king and the most valued and reputable coin out there.
And it's the reason why it's trusted by nearly everybody in the space.
Probably till the end of crypto at all.
 

Cryptocurrency market, bitcoin is the biggest and most trusted market, I don't deny that. So it will be a little harder or require more effort to manipulate bitcoin but that doesn't mean it can't be manipulated.

Not to mention, even financial markets with capitalizations of up to tens of trillions of dollars are difficult to avoid manipulation without strict management by regulatory agencies. Meanwhile, crypto is almost an unregulated free market and with a market cap of $3 trillion, manipulation becomes easier. If Bitcoin was not manipulated, it would not be able to have such great volatility. Bitcoin is big but not as big as we think.

[Mame89]

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?

There are many things that make bitcoin stand out because it has high trust from the public and of course has a unique system than altcoin. In addition, altcoin appeared after bitcoin, and altcoin as an alternative asset besides bitcoin even though altcoin has much better features compared to bitcoin but that does not change people's trust in bitcoin.

In addition, the majority of altcoins have an unlimited supply, this is certainly very different from bitcoin which has a limited supply of 21 million bitcoins. Actually there are many more things that stand out from bitcoin, but what is clear is that bitcoin is an asset of the future and this has been proven that bitcoin has survived for a long time and even become a rare asset. If we also look at the journey of crypto, if we remember how many times altcoins have appeared that are predicted to be able to outperform Bitcoin with their technology, but until now Bitcoin remains at the top.

[Z-tight]

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

Lol, saying BTC is valuable only because it was the first successful cryptocurrency is so wrong, i don't even know how you came to such a conclusion. BTC may not be the cheapest or fastest crypto to use, but it is the safest, unlike many centralized coins that claim to be 'fast', meanwhile tx's remain mutable even after a very long time.

BTC is decentralized, censorship resistant and its tx's are immutable once confirmed. I don't know if you are trying to promote some of the coins you just mentioned, cause i don't even know what haypenny is, well it is up to you.

[seoincorporation]

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?

What makes it different are two facts.

1.- Decentralization: Since Bitcoin is decentralized and there is no bank or a business behind it, there is no one with full control of the project, that means the decision are made by the community and most user need to be agree to make any change on it.
2.- Limited Stock: Bitcoin is a finite element, and that will make his value only go up in the future, because more people will want to have more bitcoins while there will be less bitcoins in the market.

[legiteum]

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

Lol, saying BTC is valuable only because it was the first successful cryptocurrency is so wrong, i don't even know how you came to such a conclusion. BTC may not be the cheapest or fastest crypto to use, but it is the safest, unlike many centralized coins that claim to be 'fast', meanwhile tx's remain mutable even after a very long time.

BTC is decentralized, censorship resistant and its tx's are immutable once confirmed. I don't know if you are trying to promote some of the coins you just mentioned, cause i don't even know what haypenny is, well it is up to you.

Other currencies don't "claim" to be "fast", they are in fact thousands of times cheaper and faster to transact in some cases--and as I said above, some can scale to handle every single daily transaction on the planet, not just the tiny fraction Bitcoin can.

Transactions in all viable financial systems are immutable. I don't know where people get this idea that transactions in other systems are simply erased, because they aren't. That's not how any other currency works, nor any other financial system.

Bitcoin is not particularly "censorship resistant" these days because of chain analysis, and it is far outpaced by Monero and others like it in this regard. But most people are not criminals and/or not not want to get in trouble with their government, so 99.9% of people simply don't care about "censorship resistance"--which is demonstrated by the fact that so many use brokers and apps and KYC to get and hold their Bitcoin.

[Wakate]

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 the startup of the crypto market which have increased the adoption with time. We could even see the price going bullish more why other coins keep ranging. Bitcoin has huge control of the market which has made it incomparable with other coins. Have you noticed recently when the price of Bitcoin was going up, other coins were ranging and even some were dropping in price. This is because many investors are selling their altcoins to buy Bitcoin because of the way the price of Bitcoin was moving. We could see more of these instances soon so I think we should get prepared for the price continuation which is going to exceed $100K.

[Miles2006]

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 only you’re ready to make research it’s possible you’ll get an answer within few minutes well I’m sure we all know bitcoin is the first and trusted, bitcoin rapid growth and outstanding performance shows it’s a reliable investment. I’m considering others as shitcoins due to the inability to rise after a decline rather they only rise when bitcoin market is in a good condition. Bitcoin is worth the attention basically everyone is looking for a profitable investment aside profit making bitcoin private nature is trusted, don’t know the exact point you’re looking for though here’s just a little.

[nakamura12]

What makes bitcoin different from other coins or stand out from other coins is it's price. You know that price of bitcoin is much higher compared to other coins. The title thread?, I am not sure why would be bitcoin new  from other coins. Maybe you meant if there's new coins in bitcoin then the answer would be yes as there are new coins that are mined in a block which is a reward for the one who mined the block. I am sure you know about the block reward. Also bitcoin is not the first digital currency made although it is the first one to gain popularity.

[m2017]

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?

You should ask what makes bitcoin old compared to other coins. Then it would make sense.

Or ask another question. What new does bitcoin provide compared to other financial instruments, for example, investment ones, like traditional stocks and securities and traditional money. Here, we could discuss.

And if we answer your specific question, what is the difference between bitcoin and altcoins, then it is decentralization, greater faith in this asset, trust, a larger user base, greater capitalization, etc. But this is all a result of the fact that bitcoin appeared 1st. If we abstract from this, then the real difference is decentralization due to the lack of a single control center (founder and owner).

[Huppercase]

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?

What gives Bitcoin a selling point is because of its uniqueness, decentralization and security. You see that despite altcoins bringing new creativity about their tech and how they been unique in their own ways, Bitcoin still remain number one coin. The supply is also an additional factor and there is nobody else there to decide where it goes, how it goes and when it goes, inky collective effort of builder bring it to where it's now unlike altcoins that is full of cultists and whales.

Have you ever think for a moment why altcoins don't get the attention of institutional investors, some does but aren't given the attention needed because deep down, it's always about the team because tell me, what are you going to do with 15% of supply all to yourself despite raising huge amount of money and has 40% to ecosystem that can be sold anytime and when they like, these are the things you don't see around with Bitcoin, it's a way to decentralized and evenly distributed.

[nullama]

What makes bitcoin different from other coins or stand out from other coins is it's price. You know that price of bitcoin is much higher compared to other coins. The title thread?, I am not sure why would be bitcoin new  from other coins. Maybe you meant if there's new coins in bitcoin then the answer would be yes as there are new coins that are mined in a block which is a reward for the one who mined the block. I am sure you know about the block reward. Also bitcoin is not the first digital currency made although it is the first one to gain popularity.

The price itself is not that significant.

What is most significant is the amount of mining power behind it, which is what keeps the network safe of attacks.

Any other digital currency has no chances to becoming even close to Bitcoin because it would most probably be attacked the moment it is of interest, which surprisingly Bitcoin managed to do.

It was almost a miracle to have Bitcoin.

[FortuneFollower]

What makes bitcoin different from other coins or stand out from other coins is it's price. You know that price of bitcoin is much higher compared to other coins. The title thread?, I am not sure why would be bitcoin new  from other coins. Maybe you meant if there's new coins in bitcoin then the answer would be yes as there are new coins that are mined in a block which is a reward for the one who mined the block. I am sure you know about the block reward. Also bitcoin is not the first digital currency made although it is the first one to gain popularity.

The price itself is not that significant.

What is most significant is the amount of mining power behind it, which is what keeps the network safe of attacks.

Any other digital currency has no chances to becoming even close to Bitcoin because it would most probably be attacked the moment it is of interest, which surprisingly Bitcoin managed to do.

It was almost a miracle to have Bitcoin.

I do agree - the skin put in BTC by all the parties, small and big alike (whales, corpos, ordinary people, and so on) is important too, in my book.
After all, if people didn't see the potential and true value behind BTC (besides being a storage of it), people wouldn't invest in it.

[hero_the_bossman]

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?

What gives Bitcoin a selling point is because of its uniqueness, decentralization and security. You see that despite altcoins bringing new creativity about their tech and how they been unique in their own ways, Bitcoin still remain number one coin. The supply is also an additional factor and there is nobody else there to decide where it goes, how it goes and when it goes, inky collective effort of builder bring it to where it's now unlike altcoins that is full of cultists and whales.

Have you ever think for a moment why altcoins don't get the attention of institutional investors, some does but aren't given the attention needed because deep down, it's always about the team because tell me, what are you going to do with 15% of supply all to yourself despite raising huge amount of money and has 40% to ecosystem that can be sold anytime and when they like, these are the things you don't see around with Bitcoin, it's a way to decentralized and evenly distributed.

I do think you are right, and partially, we can say that such attention from the big guys and whales is because BTC was the first - however, it also is the coin with a real goal in mind besides making more profit for its founder or founders, so that is another factor worth remembering.
Combining all the good about BTC results in the picture we have today - and it is what differs BTC from the rest.

[betswift]

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?

You should ask what makes bitcoin old compared to other coins. Then it would make sense.

Or ask another question. What new does bitcoin provide compared to other financial instruments, for example, investment ones, like traditional stocks and securities and traditional money. Here, we could discuss.

And if we answer your specific question, what is the difference between bitcoin and altcoins, then it is decentralization, greater faith in this asset, trust, a larger user base, greater capitalization, etc. But this is all a result of the fact that bitcoin appeared 1st. If we abstract from this, then the real difference is decentralization due to the lack of a single control center (founder and owner).

Yeah, most other alts out there can't be saying the same thing - the next fella in line would be the digital silver, which is LTC, in my opinion.

[Swordsoffreedom]

What makes bitcoin different from other coins or stand out from other coins is it's price. You know that price of bitcoin is much higher compared to other coins. The title thread?, I am not sure why would be bitcoin new  from other coins. Maybe you meant if there's new coins in bitcoin then the answer would be yes as there are new coins that are mined in a block which is a reward for the one who mined the block. I am sure you know about the block reward. Also bitcoin is not the first digital currency made although it is the first one to gain popularity.

In the early days of bitcoin, bitcoins were priced below $1 and were even distributed for free through faucets. It could be said that bitcoin also started from zero. But because of its many useful use cases and especially its decentralized nature, it stands out. From there, the demand for it increased and its price also increased significantly due to the demand.

So in my opinion, the decentralized nature is what makes bitcoin different from altcoins, neither price nor supply can make the difference of bitcoin. Because creating a coin with limited supply and pushing the price up is not difficult, but decentralization is something that no altcoin has been able to replicate.

[Reatim]

Yeah, most other alts out there can't be saying the same thing - the next fella in line would be the digital silver, which is LTC, in my opinion.

That is quite an opinion. Most people would say that ethereum is the digital silver seeing that after bitcoin it is the second biggest cryptocurrency. I still consider ethereum to be the digital silver to be honest. While litecoin seems to be potentially good in the future, I still don’t see it bearing fruits currently.

Regardless, there is one and only digital gold and it is bitcoin. I do think that bitcoin would be the superior cryptocurrency for a really long time if not forever. It’s a hard one to beat and I still do not see anything that could be the ‘new bitcoin’.

[betswift]

Yeah, most other alts out there can't be saying the same thing - the next fella in line would be the digital silver, which is LTC, in my opinion.

That is quite an opinion. Most people would say that ethereum is the digital silver seeing that after bitcoin it is the second biggest cryptocurrency. I still consider ethereum to be the digital silver to be honest. While litecoin seems to be potentially good in the future, I still don’t see it bearing fruits currently.

Regardless, there is one and only digital gold and it is bitcoin. I do think that bitcoin would be the superior cryptocurrency for a really long time if not forever. It’s a hard one to beat and I still do not see anything that could be the ‘new bitcoin’.

ETH for me is a digital oil - after all, it's the biggest eco with vibrant L2's all around. It's natural for it to be considered something that would propel smart contracts forward. Just like oil and its usage propelled many spheres forward.
On the other hand - LTC is considered a smaller brother of BTC. And it surely does have its potential with its metrics being different than BTC's - that's why I see it as silver.

[Jewan420]

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 different from altcoins in terms of popularity and reliability. Bitcoin is the first coin among digital coins and altcoins are copies of Bitcoin. That is, we can say that Bitcoin is the original digital currency and altcoins are fake or copies. I am not saying that altcoins are harmful like ordinary fake products, for example, I am saying that altcoins are a fake of Bitcoin. Now you will never want to choose a fake product over the original product. That is why Bitcoin is more popular.

Another main reason for the reliability and popularity of Bitcoin is the presence of more miners. The presence of more miners for Bitcoin mining further strengthens the security of Bitcoin. You will not find more miners in other coins like Bitcoin. Due to the presence of more miners, Bitcoin is almost impossible to hack. Although Bitcoin's security was somewhat fragile in the beginning, which led to scandals such as the Bitcoin theft in 2014. After handling the shock of the scandal, Bitcoin was able to regain its popularity and with the arrival of more miners, it is now almost impossible to compromise Bitcoin's security.

Another key reason for Bitcoin's popularity is its price pumping. Bitcoin is able to pump more than it dumps, due to which an investor can invest in Bitcoin without any risk and can stay in Bitcoin investment for a long time.