Bitcoin can't survive alone - page 11.

kodtycoon

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Quote from: Lmaooo on October 08, 2019, 05:16:14 PM

The cryptocurrency market is divided into two parts which are bitcoin and altcoins. One part cannot survive without the other as people use bitcoin to buy altcoins and also sell altcoins to buy bitcoin. I'm not saying bitcoin won't work if all the altcoins die today, of course not, bitcoin will work but the price will drop badly because bitcoin is the major currency in the market for buying and selling altcoins.

what about coins that can directly be traded with fiat money, i think even though altcoin does not exist, bitcoin is still very worthy and bitcoin is fully able to survive because at first crypto was bitcoin itself which ultimately produced a lot of altcoin like now. so those who can't survive alone are altcoin and not bitcoin

pelumi20

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Concurred, I accept that Bitcoin is the first cryptocurrency ever. I think projects like Ethereum and litecoin like Delegated Proof of Stake are whats required, driving us into the correct course. To think we began with simply Proof of Work. Numerous individuals don't have confidence inside the altcoin markets on the grounds that a ton of the coins are elective clones with almost no new development included. Many are without a doubt shitcoins, however there are some genuine sleeper projects out there that are down evolving. It's the rise of rivalry that drives advancement, each coin/token assumes its job as a little machine gear-piece separated of a bigger component.

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The cryptocurrency market is divided into two parts which are bitcoin and altcoins. One part cannot survive without the other as people use bitcoin to buy altcoins and also sell altcoins to buy bitcoin. I'm not saying bitcoin won't work if all the altcoins die today, of course not, bitcoin will work but the price will drop badly because bitcoin is the major currency in the market for buying and selling altcoins.

bohr

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Quote from: OasisDre on October 04, 2019, 02:34:08 PM

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

Altcoins have a place in this market but only if they are any good otherwise they have no chance of being around during the next years, but even more importantly even if what you are saying is true the market is not big enough to support many big coins at the moment, the user base is too small and it is why you see most of the wealth of the market in bitcoin, but once more people begin to adopt cryptocurrencies then you will see many alts cornering specific sections of the market and being preferred over bitcoin.

Ayiranorea

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Quote from: gwaposakon on October 08, 2019, 10:48:30 AM

Quote from: OasisDre on October 04, 2019, 02:34:08 PM

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

I think Bitcoin has increase its value relative to altcoins. Its dominance becomes significant because it is compared to altcoins. Indeed bitcoin also needs altcoin to dominate the crypto market. Although the majority of altcoins eventually die, I still think their presence helps in the stability of the crypto market

Yes, as the Op stated it is always necessary to find whether the altcoin or the project has the working product as well as the real life usage. This will keep up the project into usage generating more circulation to the respective altcoins. Going through coinmarketcap it is possible to find more and more projects with real life usage and good product, but there is no growth. Upon that every altcoins can't be expected to grow and reach high.

concnepornurage

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For example, I do not believe in the scheme when one bitcoin remains and the altcoins disappear because nobody needs them. I do not believe in this. There are many coins that are in demand by investors. For example, look at the new YUSRA GLOBAL coin (https://yusra.global) with a POS-mining. Now mining in this YUSRA coin has just started and you can earn up to 30% per month only from POS mining. It seems to me that this is real and promising!

gwaposakon

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Quote from: OasisDre on October 04, 2019, 02:34:08 PM

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

I think Bitcoin has increase its value relative to altcoins. Its dominance becomes significant because it is compared to altcoins. Indeed bitcoin also needs altcoin to dominate the crypto market. Although the majority of altcoins eventually die, I still think their presence helps in the stability of the crypto market

Cacingkemi

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Quote from: Bim abk on October 08, 2019, 03:18:54 AM

Quote from: sergejs.veliky on October 08, 2019, 02:54:34 AM

Quote from: zabir.brutov on October 06, 2019, 08:05:13 AM

Crypto space needs altcoins, especially with BTCs biggest problem - transaction speed and costs. A bunch of altcoins can provide a more secured, cheap and fast way of transferring your money from point A to point B.

Initially, bitcoin was created as a single means of payment.Satoshi Nakamoto did not expect that such a huge number of altcoins would be created.If altcoins did not pump capitalization out of bitcoin,it would always grow and would already be on the moon.

no, I think the market will not be attractive enough if there is only bitcoin plus the current price of bitcoin, so investors / traders need other coins that would be of benefit to them. if seen like now bitcoin and altcoin become an attractive investment container, they compete with each other in price and are more attractive in my opinion than there is only bitcoin in the market

yes, of course, investors need another coin (Altcoin), if there is only bitcoin, the cryptocurrency market may not be attractive and everyone will be burdened to pay expensive fees when making transactions. therefore business competitors are of course always launching new breakthroughs to make it easier for many people and more diverse in order to minimize transaction costs.

mrdeposit

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Quote from: bright4mech on October 08, 2019, 07:29:03 AM

Bitcoin has been create to used world wide, if china are using wepay or Alipay, for online payment transaction, that has nothing to effect Bitcoin. because BTC has a prospect and is very easy and fast for online transaction on Blockchain Technology. Therefor Bitcoin has already survive, and many companies and private sectors are accepting bitcoin payment and is going to be a future digital asset across the nations.

We should not be so jealous, we should allow the use of altcoins. Already the use of BTC in China is many times more than alipay and wepay. It is impossible for bitcoin to adopt everything in the world, BTC's replacement does not give it more thing, but altcoins need to stick something so they can keep their place on the market.

bright4mech

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Bitcoin has been create to used world wide, if china are using wepay or Alipay, for online payment transaction, that has nothing to effect Bitcoin. because BTC has a prospect and is very easy and fast for online transaction on Blockchain Technology. Therefor Bitcoin has already survive, and many companies and private sectors are accepting bitcoin payment and is going to be a future digital asset across the nations.

Vishnu.Reang

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Quote from: anume123 on October 08, 2019, 03:33:12 AM

Most of people pick also bitcoin as usual but, So many altcoins that support bitcoin as a popular coins. Bitcoin for me is very special but other altcoins is important too. Call them crypto coins.

If we get altcoins from airdrops and bounty campaigns, it is OK. But given the current market condition, I am not confident enough to make investments with altcoins. Many of them have gone down by more than 50% during the last 2-3 months. For example, ETH is trading at 0.02 BTC per coin currently. It was trading at 0.035 BTC a few months back.

anume123

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Most of people pick also bitcoin as usual but, So many altcoins that support bitcoin as a popular coins. Bitcoin for me is very special but other altcoins is important too. Call them crypto coins.

Bim abk

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Quote from: sergejs.veliky on October 08, 2019, 02:54:34 AM

Quote from: zabir.brutov on October 06, 2019, 08:05:13 AM

Crypto space needs altcoins, especially with BTCs biggest problem - transaction speed and costs. A bunch of altcoins can provide a more secured, cheap and fast way of transferring your money from point A to point B.

Initially, bitcoin was created as a single means of payment.Satoshi Nakamoto did not expect that such a huge number of altcoins would be created.If altcoins did not pump capitalization out of bitcoin,it would always grow and would already be on the moon.

no, I think the market will not be attractive enough if there is only bitcoin plus the current price of bitcoin, so investors / traders need other coins that would be of benefit to them. if seen like now bitcoin and altcoin become an attractive investment container, they compete with each other in price and are more attractive in my opinion than there is only bitcoin in the market

sergejs.veliky

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Quote from: zabir.brutov on October 06, 2019, 08:05:13 AM

Crypto space needs altcoins, especially with BTCs biggest problem - transaction speed and costs. A bunch of altcoins can provide a more secured, cheap and fast way of transferring your money from point A to point B.

Initially, bitcoin was created as a single means of payment.Satoshi Nakamoto did not expect that such a huge number of altcoins would be created.If altcoins did not pump capitalization out of bitcoin,it would always grow and would already be on the moon.

alan2here

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Quote from: dfktynby1004 on October 07, 2019, 01:37:14 PM

Bitcoin is the flagship cryptocurrency - brand. It is thanks to bitcoin that the popularization of the crypto currency takes place. But the functionality of the blockchain is developed by altcoins. They offer new solutions to various problems. I do not exclude that in the near future it is possible to mix different blockchain platforms. This will be the perfect solution for the cryptocurrency industry.

Blockchain technology is becoming more and more popular in our daily lives and many large companies are recruiting Blockchain programmers to build their own systems. In my opinion Bitcoin will be mentioned more and more in the future because investment demand is on the rise this year and it will be a good opportunity for the value of this coin to rise.

Over the next few years more than 5% of the population will know about this market so it will be a great opportunity for you to make a profit. I believe that Bitcoin' value will reach $50,000 and that will be the level that will happen in the future.

dfktynby1004

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Bitcoin is the flagship cryptocurrency - brand. It is thanks to bitcoin that the popularization of the crypto currency takes place. But the functionality of the blockchain is developed by altcoins. They offer new solutions to various problems. I do not exclude that in the near future it is possible to mix different blockchain platforms. This will be the perfect solution for the cryptocurrency industry.

Pinkris128

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Quote from: OasisDre on October 04, 2019, 02:34:08 PM

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

The market has changed so I don't also think that BTC can hold on its own. The variety of available coins in the market makes this industry more dynamic than any other industry. It is important because with the variety of choices, they can feel the never ending different preferences of the public. Cryptocurrencies need each other, it is a competition but it is also a mutual relationship between each other like microorganisms working together to balance the ecosystem.

senin

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Bitcoin, after its appearance in 2009, has long existed alone. Therefore, he was able to continue to exist without altcoins. Of course, with the advent of altcoins, information about cryptocurrency began to spread faster. Now it will be better for Bitcoin and altcoins to develop together and together with means of payment in ordinary currencies.

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Quote from: OasisDre on October 04, 2019, 02:34:08 PM

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

Bitcoin is the most popular and in demand among all cryptocurrency but I think it cannot single-handedly meet all the demand for crypto. Bitcoin has a bright future ahead and it does not need the alts the way alts need Bitcoin but why limit it to only one coin? People have different preferences to which coin they like more to use and which among them they think is profitable as an investment.

santouao

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Absolutely yes it can survive and can grow again but the needs to make it is the numbers of consumer amd the demand of it in short new projects that can be accessible as the way of crypto to carry on the demand of brc that users or people's csn buy on it and this is the on of the best way to btc growth. As i saw btc not stucks on its price and no volitality happens so ita good for its situao for now and hopefully will grow mor until it reaches its highest point again.

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