If you want to have good altcoin then think of an altcoin with a purpose. Keep in mind - Bitcoin is the father of all crypto, but:
Ethereum is kinda unique because is that it is a platform for smart contracts and decentralized applications.
Dogecoin and Litecoin are two different digital currencies that are mostly used for low-value, fast confirming transactions.
Dash and Monero, Zcash - main selling point is better privacy than Bitcoin and confidential transaction.
The biggest threat to altocin success is lack of purpose and utility, everything else can be earned.
Topic: Biggest Threats to Altcoin Success? - page 2. (Read 1085 times)
Hi all. I just wanted to what people feel are some of the biggest threats to the success of altcoins. Not specific about any one coin, but at a more macro level for the market.
I would say that, in my opinion, the two biggest threat to the success of alt coins at the moment are:
1. Credibility
2. Adoption
I think credibility can be a catalyst for increasing adoption, but no matter how credible the market becomes, if people don't use the technologies or get involved then altcoins will forever be a niche trend.
I would say that, in my opinion, the two biggest threat to the success of alt coins at the moment are:
1. Credibility
2. Adoption
I think credibility can be a catalyst for increasing adoption, but no matter how credible the market becomes, if people don't use the technologies or get involved then altcoins will forever be a niche trend.
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