Topic: Altcoins delist and Bitcoin only - page 4. (Read 1168 times)
The safest crypto currency is Bitcoin. so it's natural coinfloor delist ethereum. although ethereum ranks second in the crypto trade, it is inevitable. that ethereum has many problems that must be resolved. and it was not for a short time. for the safety and comfort of members on Coinfloor, the policy to protect members is carried out by delist ethereum and full focus on bitcoin. I think that's a good step.
There are altcoins that are been delisted because of the low volume in the market. It is a reality that there are only few coins that habw potential to survive in the market. If we will buy an altcoins, make sure it is liquid where there are many people who will patronize it. All of the altcoins that are been delisted are illiquid and they have no market participants where there are no buyers and sellers in the market.
This better explain it.
https://blog.coinfloor.co.uk/post/189719817726/coinfloor-sets-eyes-on-bitcoin-only-services-from
I love what he is doing. We are looking at a pure bitcoin enthusiast by now.
He stays at his path or how his path was created since the start of bitcoin discovery.
Although it is good to have a competition, what he is saying might also be right.
https://blog.coinfloor.co.uk/post/189719817726/coinfloor-sets-eyes-on-bitcoin-only-services-from
I love what he is doing. We are looking at a pure bitcoin enthusiast by now.
He stays at his path or how his path was created since the start of bitcoin discovery.
Although it is good to have a competition, what he is saying might also be right.
Quote
“Since I first came across Bitcoin in 2011, I have seen it grow to become a mature proven currency. No other cryptocurrency currently comes close to Bitcoin’s track record, industry support, or brand recognition, so focusing on Bitcoin made perfect sense. Bitcoin is the dominant decentralised, value-driven, and inflation proof cryptocurrency, which gives it the potential to become the best form of money the world has ever seen”.
Some crypto actually are needed to perish cause of there platform objective. Typically thousands of new altcoin projects are primary derivatives of bitcoin usage. If you were an investor would you trust something new compared to the prominent and known coin already? Some would be yes but foe those legit investor they will playsafe and put on btc alone.
I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).
As long as many projects are still growing and people want to invest in them, it is certain that many will continue to grow new altcoins. although maybe later altcoin that can not develop by itself will disappear from circulation. bitcoin and ethereum will clearly continue to appear, because both have complementary functions for the growth of the new altcoin. so I believe not only bitcoin and ethereum are still there. 
I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).
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As an idea that is good but please see the real condition right now. If only bitcoin use it, network will crowded and fee for every activity will rise in high level. Altcoin is solutions for this problem and can be use as alternative income if bitcoin has negative movement. See altcoin as opportunity not problem that we need to destroy.
Having many altcoins for an alternative when it comes to remittance is a good thing, but for someone to believe that bitcoin is the only thing that can be trusted and is trusted, it all come down to individuals' mind. The news mentioned by OP is just about a company trying to delist the rest of altcoins simply because he has an idea about which coin is proven and which is not and it won't do harm to the whole cryptocurrency market even at the slightest. 
The obvious truth is that most altcoin are not trusted because they end up becoming scam projects and as such may be useless to the holders that explains why bitcoin is always chosen as a means of payment and settlement of debt. Altcoin could easily be delisted from an exchange but I haven't seen an exchange delisting bitcoin.
This is true to an extend but there are genuine and better altcoins as well and you can taken example of Ethereum, Litecoin and Tron just for your reference and I personally feel like coin is much better than bitcoin when it comes to payment transfer and this is based on real time experience. We cannot term most of the altcoins as scams just because of recent projects which are turning out to be scams.
in the future we will not be able to use bitcoin anymore because if all bitcoin has been mined bitcoin transaction cannot be run anymore so there will be a substitute for bitcoin. this is still my opinion, correct if wrong
In the future we cannot only use Bitcoin. The essence of cryptocurrency is the projects being fuels by it. If these projects cease to exist the hype for Bitcoin will reduce as well. What the future holds is its ability to filter these cryptocurrencies according to their relevance to the world in the future only useful cryptocurrency will remain.
I believe that the time of altcoins will come in the nearest future, because BTC is not able to do it alone. But the whole situation is pretty disappointing and 68 percent dominance makes me think that I might be completely wrong.
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No i dont think we can only use bitcoin in the future. For now, most of altcoin are not accepted by gorvernments, but its ok. I think soon there will lots of option to use altcoin as payment method as altcoins are faster than bitcoin and maybe more sercue. The only problem now, altcoin project need work with real company that can help them to be approved by gorvernments.
Bitcoin has always been and to this day shows itself quite well but among other things, there is more confidence in Bitcoin because a large infrastructure has appeared around it. Obviously, this cannot be said about most altcoins.
This is unusual decision, I never knewn exchange like this one before
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee
more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee
more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.
If that is what they think on their exchange then it is a good decision, for sure they think of this well, maybe they listed most shitcoins that's why. Hope that they can still earn from it although only Bitcoin left, maybe they are planning for a good plan wherein they can add other features to their exchange just like margin trading.
So they delisted all because altcoins has not proven to have solved problems but are increased high fees in altcoins withdrawals like ETH?
They are also accumulating ETH in the process, how funny.
The exchange isn't receiving big amount of BTC volume and I guess this is an effort to increase it and part of the marketing. But they are going to be adding ETH once again once the transition to ETH2 will be over.
They are also accumulating ETH in the process, how funny.
The exchange isn't receiving big amount of BTC volume and I guess this is an effort to increase it and part of the marketing. But they are going to be adding ETH once again once the transition to ETH2 will be over.
I think Bitcoin will not survive alone in the cryptocurrency market. Altcoin has started a lot of good and began to be accepted at various merchants. It takes time for altcoin to develop and I think Altcoin still has opportunities and places in the cryptocurrency market
That's right, if we look at the opportunities, there are still opportunities, because altcoin developers won't stand still in order to develop their altcoin in a better direction, and I also hope that altcoin can quickly find a good place in the cryptocurrency market.
This is unusual decision, I never knewn exchange like this one before
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee
more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee
more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.
It will be like a wallet, no longer a exchange as its only bitcoin and the only thing they can do is to convert it. It's really unusual. There are people who no longer believes in alts as many do exit scam or already lose in value. It can also because of the fact that alt prices moves depending on bitcoin performance.
As a unprecedented move it has gotten attention to the Coinfloor exchange. Except getting profit from dealing with Bitcoin solely, they may as well get more customers.
Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin
https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp
We can use bitcoin itself actually but not really all of the altcoins in the market, as most of it are unproven but there are still a few of them that exist in the market and has been use by other companies. This news amd exchange is only applied on coinfloors and it does not mean other might go and follow what move does this exchange wants. https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp
This is unusual decision, I never knewn exchange like this one before
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee
more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.
this decision can make profit of exchange decrease, bcz one of source of exchange income is from trading fee
more coins can make more trade too, if there is only one coin, it means lower profit from trading fee
but, whatever is that, I hope this would be good decision.
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