Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: thamee on June 28, 2018, 07:03:33 PM
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What is the difference between Altcoin and Bitcoin?Which of them has the higher value in the market?
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What is the difference between Altcoin and Bitcoin?Which of them has the higher value in the market?
Bitcoin is Bitcoin. All cryptocurrency apart from Bitcoin is Altcoin (Alternate Cryptocurrency to Bitcoin). We cant generalize a difference between them. It's just that "anything other than Bitcoin is Altcoin".
Which has a higher value? A simple look at Market capitalization clearly shows that Bitcoin dominates (42% of the total marketcap) the crypto space as of now. To ease things, BTC is trading around $6-7k, while hardly a few altcoins have crossed the $500 mark.
I hope this answers your questions. But if you don't know what Bitcoin is, then its time for you search the forum or Google for answers and start learning the basics.
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Bitcoin is the first cryptocurrency, it's also the most widely known one as well. On top of that, it is the highest market cap value cryptocurrency, by a fairly large margin. Altcoins are every single other coin that is not bitcoin, and there are a lot of them. Some are great, some not so great, some complete scams. See Coinmarketcap.com and check the top coins, most if not all of them are good projects with a future.
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Explained differently.. bitcoin is the altcoin market's currency as in USD/fiat for entry into the exchanges... besides its store of value, bitcoin's biggest use case is a liaison between cash and alt coins on exchanges... this is why altcoins die with bitcoins... if stocks are to accumulate value and the value they accumulate is lower, the stocks have to lower in value as well.
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Bitcoin is the leading crypto currency. On the other hand, Altcoin is an Alternate Cryptocurrency to Bitcoin.
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Easy way to understand about your issue.
Bitcoin is bitcoin, a decentralized cryptocurrency.
Altcoin is altcoin, alternate coin/cryptocurrency that is base on bitcoin.
Let's make bitcoin and altcoin a human.
Father (bitcoin)
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Altcoins (Son)
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Tokens (Grandson)
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Bitcoin is the first cryptocurrency created and alternate cryptocurrency are called altcoins. The price of Bitcoin is higher than that of the altcoins. Altcoins were created in order to diversify their idea since Bitcoin could not solve all the problems created.
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there are lots of coins in market today, and bitcoin is on top dominates
all coins and highest value in market, most widely known crypto currency for more imformation just go farther research on google i'm sure can answer your questions
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Higher value? here in coinmarket cap, you find the answer to your question and you will see how bitcoin is far away from altcoins https://coinmarketcap.com.
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Bitcoin is surely different from Altcoin. Bitcoin has it value and it is much more stable then altcoins. By the way, bitcoin is more known by the people but not altcoins. But, I have a friends that doesn't know about bitcoin either, don't you think it is funny when everyone know about bitcoin include aunty but except for my friend?
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if you are asking for the overall market of all altcoins of course it will be the altcoins market but if one it is the market of each altcoin, bitcoin will always the top one and will always be the only crypto that can influence the market health.
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Bitcoin is the leading crypto currency. On the other hand, Altcoin is an Alternate Cryptocurrency to Bitcoin.
Yeah definitely you're right.My own understanding without bitcoin all altcoin was useless and without altcoin no coins will support for bitcoin in rolling investment.
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Easy way to understand about your issue.
Bitcoin is bitcoin, a decentralized cryptocurrency.
Altcoin is altcoin, alternate coin/cryptocurrency that is base on bitcoin.
Let's make bitcoin and altcoin a human.
Father (bitcoin)
|
Altcoins (Son)
|
Tokens (Grandson)
Nice analogy...
altcoins will be affected when bitcoin price will get correction and the market will goes downfall that makes the market in bloodbath.
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What is the difference between Altcoin and Bitcoin?Which of them has the higher value in the market?
Bitcoin is like the main of crypto and altcoins is like the sub coin of crypto. Most probably bitcoin will have a higher value in average but altcoins give the investors a chance to flip their investment many folds.
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What is the difference between Altcoin and Bitcoin?Which of them has the higher value in the market?
For me bitcoin is just one coins while altcoins is composed of different types of crypto and now reached to more than one thousand and some of the example is ethereum, litecoin and etc.