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Do we have alternative to bitcoin?

  • Thread starter Thread starter Shivay
  • Start date Start date
Shivay said:
Today everyone is running towards the bitcoin only because it has the highest market capital and also its price is increasing every year.
But , is there any kind of cryptocurrency that we can use instead of bitcoin , I am only thinking of yearn.finance
What about you?
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People rushed to invest in bitcoin and do all their transaction using bitcoin because bitcoin is the most popular coin among all the crypto currency coin, but to me I prefer using litecoin for my transcation and investment.
 
There are hundreds of alternative there are coins that have done ATH higher than bitcoin that a lot of people don't know about. Bitcoin is just more popular.
 
I think the best alternative to bitcoin now is ethereum because it also has a good price that someone may consider to trade or invest in it, and also is the next coin after bitcoin it's price is more than that of litecoin, bitcoincash and the rest. So i think it can be the best alternative to bitcoin.
 
Jlife said:
This is what happened in cryptocurrency because everything about it is completely unpredictable, most of the people who invested earlier in crypto currency are making a high return now ,what was the price of etherum then when your friend suggested ?
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It was not up to $1500 at that time, but I didn't see much potentials in it then, but I was shocked when Ethereum reached $4000 this year.
 
Right now there are thousands of projects aside the bitcoin project and they are called altcoins. The most notable of them of them are ethereum and litecoin.
 
Sethbala11 said:
Right now there are thousands of projects aside the bitcoin project and they are called altcoins. The most notable of them of them are ethereum and litecoin.
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Added to the notable altcoins are Cardano, polkadot, Matic and OM, this coins are highly structured and has high case value .
 
Bookwormlux said:
It was not up to $1500 at that time, but I didn't see much potentials in it then, but I was shocked when Ethereum reached $4000 this year.
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This is just your own personal experience ,I had a lot of similar experience with cryptocurrency and most of the coin I looked down on during that time are the ones that are making progress now in the cryptosystem, I think all crypto traders pass through this experience.
 
Jlife said:
This is just your own personal experience ,I had a lot of similar experience with cryptocurrency and most of the coin I looked down on during that time are the ones that are making progress now in the cryptosystem, I think all crypto traders pass through this experience.
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Some of the times, it is usually lack of funds that make us to not utilize these opportunities when ever we get to know about them.
 
Bookwormlux said:
Some of the times, it is usually lack of funds that make us to not utilize these opportunities when ever we get to know about them.
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I think that is true Because during that time I was only able to buy one cryptocurrency at a time, if I had money to invest in more than five cryptocurrency I wouldn't even bother to sold out most of my coint to buy another one
 
Bitcoin is a unique crypto on it's own built after some purposes. It's alternatives includes litecoin and other first generation tokens built to clone Bitcoin. If you're looking for a coin to invest in,you can check Ethereum or Bnb.
 
gammarays said:
Bitcoin is a unique crypto on it's own built after some purposes. It's alternatives includes litecoin and other first generation tokens built to clone Bitcoin. If you're looking for a coin to invest in,you can check Ethereum or Bnb.
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Those two (litecoin and Binance coin) are top notch coins that I am believing they would grow very much in no distant time as it's obvious with what happened to them during the last bull run.
 
We should know that bitcoin is not the only cryptocurrency, the only thing is that it has gained Fame over the years, but surely there are other alternatives to it, but requires patience
 
Shivay said:
Today everyone is running towards the bitcoin only because it has the highest market capital and also its price is increasing every year.
But , is there any kind of cryptocurrency that we can use instead of bitcoin , I am only thinking of yearn.finance
What about you?
Click to expand...

Well, as far as I'm concerned when it comes to cryptocurrencies, there are so many of them to pick or choose from that isn't bitcoin. There is Litecoin, BNB, Ethereum.
 
Bookwormlux said:
Those two (litecoin and Binance coin) are top notch coins that I am believing they would grow very much in no distant time as it's obvious with what happened to them during the last bull run.
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Yes,they have a lot of potentials. I usually look at coins with a great utility and hype backing them. That's the major requirements for every token to grow in value. We await another bull run.
 
gammarays said:
Yes,they have a lot of potentials. I usually look at coins with a great utility and hype backing them. That's the major requirements for every token to grow in value. We await another bull run.
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When you talk about hype, do you mean what Elon musk is doing to Doge and other crypto currencies? That is pure manipulation he's doing.
 
There are some coins we can consider as an alternative to bitcoin but the main one is ethereum because of it's price and also check other one you see with potential.
 
Bookwormlux said:
When you talk about hype, do you mean what Elon musk is doing to Doge and other crypto currencies? That is pure manipulation he's doing.
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Not just that,but we can say elon and co has contributed a great deal to doge coin and shiba. Check the total supply of dogecoin to other cryptos and you'll appreciate elon. The people complaining are people who bought the top.
 
I do not invest heavily on bitcoins as I am doing with other cryptocurrency, there are other cryptocurrency I have invested more than what I am investing in bitcoins because I consider them to be cryptocurrency With the greatest potential.
 
We have many cryptocurrencies like Dogecoin, Ethereum, Binance Coin (BNB), Litecoin, etc. However, I do not believe that they are an "alternative" to Bitcoin in the sense that they are just not as valuable as Bitcoin and this is the only problem.
 
Bitcoin has the highest market value in the crypto currency exchange so it doesn't come as a surprise that naturally people would always prefer it
 
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