What currencies are similar to Bitcoin (similar to Bitcoin)?

What currencies are similar to Bitcoin? According to CoinDesk news, after Bitcoin halved for the first time in April 2018, the price started to rise but has since remained low. Now there are many altcoins and BTC that have a similar trend, some even identical to Bitcoin. For example, BCH (bch.io), EOS (eoscendEX), XRP (ripple.com), and other cryptocurrencies may also have similar market conditions. Bitcoin is a digital asset primarily due to its unique functions and advantages. Therefore, many people attribute it to two key factors: first, investors choose which crypto asset to invest in, which is attractive to them; second, as cryptocurrencies become more liquid, this risk will increase, allowing them to leverage these advantages to reduce losses, as they can be used as a medium of exchange or a store of value.

Currencies Similar to Bitcoin

On January 13, 2018, the Chinese Financial 40 Forum, in conjunction with the International Bank for Settlements, released a “Notice on Preventing the Risks of Token Issuance and Financing.” The notice clearly states that any form of ICO activity is considered illegal public financing. However, if it involves securities trading or futures contract business, it should be considered illegal and non-compliant. Bitcoin is also a cryptocurrency concept similar to currency, with clear fundamentals: mining, circulation, and value storage; it has certain liquidity and manipulation resistance, does not rely on exchanges and third-party intermediaries, and has certain payment instrument and mechanism designs for legal tender.