Quote from: KiaKia on April 16, 2024, 11:52:07 AM

Quote from: Marvelockg on April 16, 2024, 10:32:04 AM

Do you think that altcoin is a major distraction to bitcoins adoption?

No it's not a distraction, for some people altcoins existence is a blessing, they are able to get their hands on Bitcoin because of altcoins.

The last person that I introduced to crypto claimed that Bitcoin was too costly for him, so he went for altcoin and when he started making some good money he started using the profits to buy back some Bitcoin.

He understand that Bitcoin is much more reliable than altcoins but altcoins have some nasty opportunities to bring some good amount of ROI faster than Bitcoin, you just have to be smart to make this work.

Altcoins is the most risky play but it has the higher return on investment opportunities if you know how to play this out, but still I will advice people to focus on Bitcoin as their main target.

As the name implies,its an alternative coin,and it most times serves as an alternative choice to bitcoin.People prefer altcoin to bitcoin hoping that they'll attain and achieve what was difficult with bitcoin.Initially,altcoins are cryptocurrencies that are not bitcoin,so it difficult to describe and determine which of them is a trustworthy network since they're invented for special purposes and that's why people misunderstand the usage,function and importance.
Additionally,they use altcoin based on the beliefs and attempts to improve on bitcoins limitations.