Post
Topic
Board Economics
Re: bitcoin and altcoin
by
jaaeeeyyyy
on 20/08/2018, 10:41:41 UTC
in these days bitcoin had a strong rise, but the other coins seem to be standing at the stake, is there a reason?
do you think that the whole market can be resumed? or will most of the altcoins fail in these months? sorry for my english=)

Bitcoin has always have a faster growth pace than the altcoins. This is due to the high popularity of Bitcoin as most people have the believe that the crypto market is made up of simply Bitcoin and others. That is why the other coins are usually very slow. Bitcoin attracts most of the investments in the market.
Bitcoin is the “original” cryptocurrency and ultimately responsible for the invention of blockchain technology.Altcoins are generally defined as “everything else.”Many of these altcoins are forks or clones of bitcoin, like Bitcoin Cash, Litecoin, etc. They all try different approaches to fix the problems with Bitcoin, but are fairly similar and at fundamental level.
This is true. But as per the part of alternative coins, it is also the same with bitcoin the thing is bitcoin is more popular than those alternative coins. But this two are both beneficial in which it helps our daily lives to be easier. It will be the future, where everyone uses it and loves using it.