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Topic: Altcoins delist and Bitcoin only - page 6. (Read 1168 times)

sr. member
Activity: 1330
Merit: 326
December 18, 2019, 01:02:05 AM
#25
It should be the ones that are no useful in the crypto market anymore and those that are not being traded. I have to disagree at some point about the delisting of ALL Altcoins on their exchange. But at some point we can't do something about their decision.

Though i do think Ethereum has a great use along with bitcoin, but for them Bitcoin is the only one who has an impact and purpose and should be the one to stay. We can't blame them, altcoin's reputations were not that quite good.
sr. member
Activity: 938
Merit: 251
December 18, 2019, 12:58:26 AM
#24
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
Do you know why faucet only available earning with bitcoin only? they want give little reward for faucet participants and using other coin like eth and ripple maybe they will higher amount, when bitcoin have raise with higher price faucet will give little reward again for participants and keep using bitcoin as their payment transaction.
sr. member
Activity: 1050
Merit: 256
December 18, 2019, 12:49:24 AM
#23
From this news, I can conclude that the government has begun to recognize bitcoin a little, but not for altcoins, which are likely to be short-lived. I think this decision is good too, because gradually Bitcoin will be increasingly used in every transaction. Come to think of it, for what is actually too much altcoin. 3-5 is enough in my opinion. But since crypto exploded, lots of new dev have sprung up looking for luck which finally only looking for fast money. This is what makes altcoin too risky as a method of payment because it is temporary and unclear.
sr. member
Activity: 826
Merit: 252
December 18, 2019, 12:19:58 AM
#22
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.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
December 18, 2019, 12:09:46 AM
#21
Well, maybe it is their decision. If people want to trade there are a lot of other exchange that  we choose. For me actually it is good, because some exchange must really strict to altcoin that want to listed if not want to blamed by people who lose in that exchange (although i think m aybe delist all altcoin and leave bitcoin is really really strict) but maybe good quality of altcoins is already good to trade.
sr. member
Activity: 1260
Merit: 251
December 18, 2019, 12:05:58 AM
#20
We know that so far Altcoin technology has only copied from Bitcoin, it's just that some features have been updated, but the method of use and purpose has remained the same, becoming a digital currency. In coinfloor itself, BTC trading pairs are more dominant than other pairs, that means traders there tend to trade and prioritize Bitcoin.

But in this case, I'm still confused and might bring up a difference about the meaning of crypto that is "proven", because not everyone has the same opinion and perception.
copper member
Activity: 350
Merit: 1
December 17, 2019, 11:09:23 PM
#19
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.
sr. member
Activity: 602
Merit: 253
December 17, 2019, 10:29:46 PM
#18
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
They must have been trough a lot of consideration to come up with this decision, which is delisting other altcoins and using bitcoin only.
Even though when ETH is one of the major altcoin out there and it's really popular, they also planned to delist it as well. Because ETH 'til this date, according to them, has yet to overcome their major changes, which makes ethereum is not proven.

Whether in the future we can only use bitcoin or not, I don't it's going to happen in the near future. Still, everything's possible.
legendary
Activity: 2450
Merit: 1047
December 17, 2019, 10:22:46 PM
#17
The CEO of Coinfloor says that Bitcoin is the only one crypto proven. Well, this may not be strange to say this. For, many altcoins fall and cannot maintain their price, moreover when BTC is down or even up.
However, what I'm still confused about is why they also delisted two biggest altcoins (ETH and BCH). In my opinion, those two altcoins are proven and promising enough for their holders.

This is only mean they want to only list mother of all crypto currency all do both have good marketcap but they still believe it shouldnt be added . There are many reasons why but i think the main reason is both ETH BCH is more volatile than BTC.

Well I guess they don't care about profit, which is good, but Ethereum is such a well establish coin in the market and has proven it's reliability over the years, I could not imagine Cryptocommunity without Ethereum, I believe they will soon added Eth again in the future,
people are not comfortable using an exchange without Ethereum on it.
legendary
Activity: 2982
Merit: 1069
December 17, 2019, 10:09:12 PM
#16
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

There are a lot of Exchanges and a lot that does fiat to crypto and vice versa. Coinfloor has been of the trusted and successful.
The team must have taken this decision with some plans in mind. They surely want's to make them distinguished from others.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
December 17, 2019, 10:08:21 PM
#15
That way might be justified because it protects consumers from altcoin fraud that has a bad reputation.
Therefore, the number of altcoins in circulation should be narrowed down, not to limit the rights of people to create new projects.
But because there have been many cases of fraud created by new projects, Bitcoin is the most prominent today that can be relied upon.
sr. member
Activity: 924
Merit: 256
December 17, 2019, 10:03:01 PM
#14
In fact more choice means more customer, so he will be the one to lose the most. As far as I understand from this article, he made this decision because thought Bitcoin is the most powerful coin. That's true, but there will also be people who want to use the others.
although like that if only providing bitcoin and no altcoin then it will definitely make the price of bitcoin very expensive because it will certainly increase the demand on bitcoin which can give a direct influence on the price of bitcoin, this is a very good step to make people more focus again on bitcoin and the price can soar but it will be very difficult to erase all altcoins that have already been created.
sr. member
Activity: 1036
Merit: 329
December 17, 2019, 09:50:49 PM
#13
The CEO of Coinfloor says that Bitcoin is the only one crypto proven. Well, this may not be strange to say this. For, many altcoins fall and cannot maintain their price, moreover when BTC is down or even up.
However, what I'm still confused about is why they also delisted two biggest altcoins (ETH and BCH). In my opinion, those two altcoins are proven and promising enough for their holders.

This is only mean they want to only list mother of all crypto currency all do both have good marketcap but they still believe it shouldnt be added . There are many reasons why but i think the main reason is both ETH BCH is more volatile than BTC.
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
December 17, 2019, 08:58:36 PM
#12
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

It's very difficult to delist altcoins in the future especially if the demand is still there, if there are other governments that bans altcoins and only allow bitcoin then it doesn't mean that other governments will do the same also.

The possibility that we can only use bitcoin in the future is very low as there are plenty of coins/tokens out there that are very helpful also, so I guess it is up to the crypto community on what to support as the tokens/coins will continue to grow if the demand will not stop.
sr. member
Activity: 1624
Merit: 250
December 17, 2019, 08:44:20 PM
#11
In fact more choice means more customer, so he will be the one to lose the most. As far as I understand from this article, he made this decision because thought Bitcoin is the most powerful coin. That's true, but there will also be people who want to use the others.
full member
Activity: 2324
Merit: 175
December 17, 2019, 07:46:03 PM
#10
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
Bitcoin has proven itself as the most reliable coin in the last ten years, compared to most of the altcoins which is dropping because they just rely on the price of Bitcoin for their future price, but I'm surprise that they are also delisting Ethereum and Bitcoincash and are not making any exception, such a bold move.
hero member
Activity: 2072
Merit: 656
PredX - AI-Powered Prediction Market
December 17, 2019, 07:39:56 PM
#9
The CEO of Coinfloor says that Bitcoin is the only one crypto proven. Well, this may not be strange to say this. For, many altcoins fall and cannot maintain their price, moreover when BTC is down or even up.
However, what I'm still confused about is why they also delisted two biggest altcoins (ETH and BCH). In my opinion, those two altcoins are proven and promising enough for their holders.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
December 17, 2019, 07:00:33 PM
#8
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
That already said if the bitcoin as the only coin that has already proven its existence to be considered as a commodity while altcoin doesn't have clear position. You can use bitcoin but I believe if that will not about the payment system. as far as I know bitcoin is the only coin that becomes compliance with the majority of the regulation that comes from the various countries while altcoins are still not yet determined about where it was standing.
CEO said if the developer feels disbelief even with ethereum.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
December 17, 2019, 06:49:55 PM
#7
Delist For most altcoin garbage is necessary because their innovations are useless and it is better to delete it is a good way, not necessarily mean in the future only need bitcoin. But there must be innovations that exist to establish the ecosystem Crypto itself so as not to die new projects circulating in this market.
full member
Activity: 954
Merit: 104
ludenaprotocol.io
December 17, 2019, 05:43:08 PM
#6
I am afraid about upcoming KYC/AML regulation, many smaller exchanges are going to close their exchanges.
It will again lead to centralization and that larger exchanges will become larger. It is time for decentalized exchanges.  Cool
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