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Author Topic: Bitcoin or altcoin, which is most acceptable as money?  (Read 17649 times)

Offline Stomata

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #75 on: December 01, 2021, 07:04:13 AM »
I think Bitcoin will bring success by 2022 . This will greatly improve the cryptocurrency market and in the future Bitcoin will bring a lot of benefits and make our lives much easier.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #75 on: December 01, 2021, 07:04:13 AM »

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #76 on: December 01, 2021, 09:24:28 AM »
Bitcoin has evolved out successfully to be the most widely accepted cryptocurrency. It can be used directly as payment for goods and services online or through debit card although there are still some merchants yet to accept it. Bitcoin is the only outstanding coin which can be used purchase all other cryptocurrencies.

Maybe bitcoin will most acceptable as money, because more popular, more expensive .
But there are potential altcoins too, that acceptable as money
Ethereum is good candidate.
Bitcoin can no longer be recognized as the most acceptable means of payment. Its throughput is the lowest of all cryptocurrencies and is only seven transactions per second, and the transaction time is prohibitively long.
At the same time, many altcoins already surpass bitcoin in terms of functional indicators precisely as a means of payment by thousands of times.
The popularity and price of any cryptocurrency are very temporary concepts.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #77 on: January 02, 2022, 06:44:46 PM »
The means of payment should be fast in transactions and as cheap as possible in transaction costs. Many altcoins already meet these requirements, which is not the case with bitcoin. Therefore, bitcoin is not currently suitable for use as a means of payment. Anyway, for small day-to-day transactions. For the dear ones, you can still use it. But the cryptocurrency continues to develop rapidly and we cannot yet say where this development will lead.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #78 on: January 02, 2022, 09:53:55 PM »
If you look at the history of Cryptocurrency, then Bitcoin has a better potential to be accepted as money.  If Bitcoin is accepted then other Altcoins will get the next trust, but of course they are good Altcoins and have a real product.


Offline silkytakyaan86

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #80 on: January 03, 2022, 11:53:53 AM »
According to me both coins are better. offcourse Bitcoin is quite valuable if you look at it from the other side. but altcoin is also very advanced. Yes bitcoin is king according to today's market.But I hope altcoin will be on the good side soon.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #81 on: January 03, 2022, 01:17:53 PM »
The means of payment should be fast in transactions and as cheap as possible in transaction costs. Many altcoins already meet these requirements, which is not the case with bitcoin. Therefore, bitcoin is not currently suitable for use as a means of payment. Anyway, for small day-to-day transactions. For the dear ones, you can still use it. But the cryptocurrency continues to develop rapidly and we cannot yet say where this development will lead.

If such is the case then why my clients choose to pay in BTC most of the time, I have seen payments on my capital wallet payment gateway in btc more than any other and I think the reason for this is, people still believe that paying in BTC is more value for money due to its popularity and liquidity. In today’s date too BTC is the most traded crypto as compared to any other altocin though costs associated with btc blockchain is higher than those of the coins which are using ETH network.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #81 on: January 03, 2022, 01:17:53 PM »


Offline Anonylz

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #82 on: January 03, 2022, 01:54:41 PM »
Bitcoin has evolved out successfully to be the most widely accepted cryptocurrency. It can be used directly as payment for goods and services online or through debit card although there are still some merchants yet to accept it. Bitcoin is the only outstanding coin which can be used purchase all other cryptocurrencies.

For some merchants the decision between bitcoin and altcoins is an easy one: just accept a variety of different tokens and call it a day. For others, it comes down to one or the other. As time goes on, it will become clearer which coin or coins come out on top.

From this, it is obvious that now we cannot really say which is best because people and their establishments are different and merchants will go with what they believe will be easier for them in terms of fees and time of transaction.

« Last Edit: January 03, 2022, 01:59:18 PM by Anonylz »

Offline Azharul

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #83 on: January 04, 2022, 11:01:51 AM »
Bitcoin and Altcoin is the best valuable in the cryptocurrency market. We know that two currency is the most important for this moment. But we can see that Bitcoin is the best valuable currency in this moment. Because it's price is very high level than others currency. I think that in the future time it's will overtake $100k. So I believed that Bitcoin is the most important and acceptable currency in this moment.
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Offline Manna

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #84 on: January 04, 2022, 01:14:12 PM »
both are money according to me, but to get it I think it is easier to get than altcoin bitcoin. for that, I'd consider that bitcoin like gold and altcoin is money, because of the bitcoin has value is very high and is not easily can get it, while altcoin still enough is easy to get it.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #85 on: March 09, 2022, 11:25:58 PM »
both are money according to me, but to get it I think it is easier to get than altcoin bitcoin. for that, I'd consider that bitcoin like gold and altcoin is money, because of the bitcoin has value is very high and is not easily can get it, while altcoin still enough is easy to get it.

Agreed, bitcoin is like digital gold. because really expensive and has high price.
But I don't agree if altcoin like money, In my opinion bitcoin and altcoin are just assets investment, and maybe will be payment method.
I don't think crypto will be like money and will replace fiat money at the coming future.
The government will against this.

Offline legend45

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #86 on: March 10, 2022, 06:50:00 AM »
both are money according to me, but to get it I think it is easier to get than altcoin bitcoin. for that, I'd consider that bitcoin like gold and altcoin is money, because of the bitcoin has value is very high and is not easily can get it, while altcoin still enough is easy to get it.

Agreed, bitcoin is like digital gold. because really expensive and has high price.
But I don't agree if altcoin like money, In my opinion bitcoin and altcoin are just assets investment, and maybe will be payment method.
I don't think crypto will be like money and will replace fiat money at the coming future.
The government will against this.

Me too, I also have opinion bitcoin and altcoin are just assets investment and good for long term.
Talking about money, I think crypto is good for payment method but it needs regulation from the government.
So I think It's not easy bitcoin and altcoin will be like money.
But let's see at the next several years again.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #87 on: March 10, 2022, 06:10:59 PM »
Why are altcoins are higher than Bitcoin?
Altcoins don't produce inflation for Bitcoin as a result they're a unique plus than Bitcoin. Likewise, a replacement IPO on the big apple stock market doesn't produce inflation for existing stocks. this is often a result of Bitcoin could be a distinctive plus and isn't fungible with different cryptocurrencies.
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IyemRoker

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #88 on: March 11, 2022, 09:25:28 AM »
Everything is very easy and simple if you are already dealing with Bitcoin.
Bitcoin is more dominant in the market and of course also to make money it feels very easy if you have to compare it to altcoins.
But if altcoins are included in the top 10 rankings of Coinmarketcap, then they are definitely easy to accept in the community to be turned into money, meaning to be exchanged for Fiat.

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Re: Bitcoin or altcoin, which is most acceptable as money?
« Reply #89 on: March 11, 2022, 09:57:27 AM »
BTC’s dominance and popularity speaks for itself. It is the granddaddy of all cryptocurrencies and the main gateway towards fiat conversions and as means of payment. From buying products and services, to donations, charities, etc., BTC is always there as the main alternative to fiat money.
Pla
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