Re: The biggest differences between Bitcoin and altcoins?
To me the biggest difference is how bitcoins are created. It takes a great deal of investment in time, effort, money and energy just to mine and produce a single bitcoin.
Unlike altcoins, you can't just print a bitcoin out of thin air whenever you want. Any idiot with a PC can create a new crypto altcoin and print an unlimited or nearly unlimited supply for himself to dump onto the market, whenever he wants. But that's not how bitcoin works.
Imagine having a money printer that prints an unlimited amount of dollars anytime you want. You don't have to do shit to earn it. Just enter the amount you want and press the print button. Voila! You are instantly rich. That's basically how garbage like dogecoin, ethereum, solana, XRP, fartcoin, pepecoin, clowncoin, etc. all work. They are just a digital recreation of the unlimited fiat money system but worse, with no discernible value beyond being a high-tech Ponzi scheme.
What are other differences?
A bitcoin mining facility
Unlike altcoins, you can't just print a bitcoin out of thin air whenever you want. Any idiot with a PC can create a new crypto altcoin and print an unlimited or nearly unlimited supply for himself to dump onto the market, whenever he wants. But that's not how bitcoin works.
Imagine having a money printer that prints an unlimited amount of dollars anytime you want. You don't have to do shit to earn it. Just enter the amount you want and press the print button. Voila! You are instantly rich. That's basically how garbage like dogecoin, ethereum, solana, XRP, fartcoin, pepecoin, clowncoin, etc. all work. They are just a digital recreation of the unlimited fiat money system but worse, with no discernible value beyond being a high-tech Ponzi scheme.
What are other differences?
A bitcoin mining facility
I get your point Bitcoin and altcoins is really different even though they were both a cryptocurrencies, there was a huge difference on Bitcoin compared to other it almost like it was on a different category, even on the market it has a different movement, price etc. Bitoin production is mostly on Bitcoin, it is being made on mining, unlike other altcoins in the market but there are still some altcoins that have limited supply as well, and there are some that also involve mining you could just see most of the layer 1 or layer 2. Networks are also doing some kind of mining.
It's kinda easy to say, but it wasn't really that easy to do, maybe on meme tokens mostly since there were no utilities some guy could easily just create it and dump it on other and earn a huge amount of money, but it is going to work everytime? not really unless someone is going to buy your token, your not going to dump anything if there was no liquidity. So if you see some kid getting 20k$ on meme token it involved some kind of luck ofcourse.
Bitcoin for sure is the best cryptocurrency and probably everybody is going to agree with that, but altcoins is already here and there were nothing we could do about that, I mean a lot of altcoins have a huge utility and actually solve some kind of problem that is actually useful, so I dont really think they are all scam, or ponzi. We all made a profit on altcoins at some point.