Are Altcoins Overtaking the World of Bitcoin?

Bitcoin has been consistently labelled as the future of digitalised money, as it allows people to pay for goods and services without the need to involve banks or own physical currency. With pretty much all technology moving online now, why not money too? But the real question is whether Bitcoin is the best option for buyers to invest in.

Is Bitcoin the Best Cryptocurrency Option?

As we mentioned in our previous post, the markets for cryptocurrency are always changing and while Bitcoin is riding high now, there are no guarantees. Furthermore, although the currency has experienced both growth and slumps over the years, there is still no easy way to use it in major stores.

While the founder of Bitcoin has always been the mysterious Satoshi Nakamoto, this week has seen the apparent owner come forward to claim the company. Australian entrepreneur, Craig Wright, has claimed he was the one to invent the digital currency and wants control back to run the operation.

The problem with this now is that many people do not believe his claims as there have also been others in the past who have wrongly claimed they are the masterminds behind the currency. This leads to a sense of distrust with potential Bitcoin buyers as there only seems to be someone taking responsibility for the currency when it is doing well, which is currently at between $400 and $450. However, what happens when the Bitcoin depreciates in value? Do you trust your hard earned cash will be in safe hands then? Additionally, Wright stepping up only further confuses matters at the Bitcoin camp as there is an ongoing struggle over what direction to take the currency in and what new technology to develop alongside it as the company has resisted the adoption of new, advanced technology to improve its use.

 Why Choose Scotcoin?

Although Scotcoin is primarily distributed in Scotland for now, this can potentially change in the future as more people buy and use it. While Bitcoin is still the leading cryptocurrency, very few people actually possess much knowledge on the subject, and this is where using a national brand such as Scotcoin is a great alternative. Most of us are not entirely interested in what a currency’s Bittrex value is at that moment time, we want to know what exactly we can do with it instead! After all, how often do we compare foreign currency rates to the pound? More often than not we don’t at all, hence why the focus of Scotcoin is to expand where buyers can use their cryptocurrency.

You can also put a name, face, and responsibility behind the branding of Scotcoin with director Willie Fleming, while this is not possible with Bitcoin as of yet.

As more and more altcoins appear each year, the goal of toppling the massive Bitcoin seems closer than ever before with their market capitalisation percentage decreasing by a massive 16% since 2013, while Altcoin trading volume percentage is at an all-time high. This suggests that it would be wise to not invest your money in Bitcoin, but base your choice in the statistics instead, and choose Scotcoin as your preferred cryptocurrency!