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Topic: Bitcoin can't survive alone - page 14. (Read 4155 times)

member
Activity: 1540
Merit: 68
October 05, 2019, 12:39:02 PM
#46
I think we are all better with bitcoin alone. No stress no fraud
Everyone gets to watch bitcoin grow and adopted while also avoid scam and fraud ieos or altcoins

With bitcoin alone; it is even better
member
Activity: 655
Merit: 10
October 05, 2019, 12:37:56 PM
#45
yes crypto can do better than that, I also imagine that crypto like alipay / wepay and online payment will greatly affect the value of crypto, including the market situation for the better and also increase the price of crypto again. on the other hand I think bitcoin will run with altcoin because they need each other in this crypto space
sr. member
Activity: 882
Merit: 258
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October 05, 2019, 11:47:44 AM
#44
i think the altcoin cannot survive on its because they use bitcoin as a support for them but for the bitcoin the bitcoin can stand on its own achieving achievement on its own and also becoming the king of all crypto which makes for me that the bitcoin can survive alone
full member
Activity: 854
Merit: 101
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October 05, 2019, 12:25:39 PM
#44
Yeah, what if Bitcoin was used in there instead? We wouldn't need all this altcoins in the first place. Although there are some altcoins that are very good, you won't deny that Bitcoin is still the safest of them all. You can't defeat Bitcoin when it comes to investing. When Bitcoin moves, all those altcoins follow. In the end, they all falls down to Bitcoin. Bitcoin can survive alone but altcoins can't.
Bitcoin could have a general fit for all this transaction in altcoin use case but it has a lot of limitations that was not taken care of until the altcoins came. The high transaction fee, slow transaction, low price and limited supply of coins.
it's possible that when altcoin comes with better quality and performance, it can cause many investors to switch to altcoin. traders will also think of convenience for transactions.
bitcoin should now be able to be an alternative payment for a transaction in the real world. not just as an asset being traded as it is today. although there are already those who use bitcoin as a means of payment, but that is not done with mass quantities.
hero member
Activity: 2436
Merit: 516
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October 05, 2019, 12:00:21 PM
#43
Yeah, what if Bitcoin was used in there instead? We wouldn't need all this altcoins in the first place. Although there are some altcoins that are very good, you won't deny that Bitcoin is still the safest of them all. You can't defeat Bitcoin when it comes to investing. When Bitcoin moves, all those altcoins follow. In the end, they all falls down to Bitcoin. Bitcoin can survive alone but altcoins can't.
Bitcoin could have a general fit for all this transaction in altcoin use case but it has a lot of limitations that was not taken care of until the altcoins came. The high transaction fee, slow transaction, low price and limited supply of coins.
member
Activity: 462
Merit: 10
October 05, 2019, 11:48:29 AM
#42
Of course altcoins have a lot of potential, and you should be smart and invest in those of them who have long term vision
full member
Activity: 434
Merit: 100
Distributed Intelligent IoT Technology
October 05, 2019, 11:34:50 AM
#41
I completely agree with you. At the moment, there are and will be quite a lot of different good altcoins. This is the same if people said that you use only the dollar and nothing else. But every country has its own currency. It is a large market with different currencies that are used for different purposes. The same goes for cryptocurrencies.
member
Activity: 512
Merit: 11
October 05, 2019, 10:11:50 AM
#40
Recently, there has been news in the media that countries such as Venezuela and North Korea are interested in cryptocurrency.  Perhaps there are still countries that are on the sanctions list and which are interested in cryptocurrency, but nevertheless it seems to me that this can be very significant for the entire cryptocurrency market.  It is possible that these countries can start trading among themselves with the help of cryptocurrency and without the use of the dollar.  Thus, they will not only undermine the authority of the United States, but also its economy.  But the most important point is that such coins as Bitcoin and Ethereum can literally be used as a means of payment.  It is clear that this situation will attract a lot of investment in these coins.
full member
Activity: 1820
Merit: 107
October 05, 2019, 08:58:38 AM
#39
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 and Altcoins are all cryptocurrency they needs each other to become productive. the market became colorful like these because of the Altcoins and i can never imagine the crypto-space with Bitcoin was all alone that was a lonely space. Bitcoin cannot survive without Altcoins and thats for sure if the global cryptocurrency adoption was realized today or soon i'm sure Altcoins and Bitcoin will be the two choices.
hero member
Activity: 1470
Merit: 655
October 05, 2019, 08:58:03 AM
#38
first of all bitcoin doesn't rely on anything to want to rely on altcoins to survive. it has been surviving alone all this time with shitcoins latching onto it to survive like parasites. Cheesy

secondly as for survival of altcoins, it depends on the altcoin itself. so far 99% of what we had is purely garbage without any purpose and they don't solve anything. in short they have no reason to exist which means they have no way of surviving.
in order to survive we need actual good coins that solve something and then it won't matter what bitcoin does, they will do their own thing just like bitcoin is doing it independently.
legendary
Activity: 3332
Merit: 1352
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October 05, 2019, 08:49:12 AM
#37
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.

Alipay and Wepay are payment processors, while Bitcoin is a currency. That is the difference. Both Alipay and Wepay use the same currency (Chinese Yuan). So your arguments are self-defeating. Even with Bitcoin, we have multiple third party payment processors. Either you can make the payments directly with Bitcoin, or using these payment processors.

We need altcoins for some niche domains, but that has nothing to do with the arguments put forward by the OP. For example, Bitcoin doesn't offer complete anonymity, and therefore we need to use anonymous cryptocurrencies such as Zcash, Monero and Verge. For smart contract platforms, currencies such as Ethereum, Stellar Lumens and Omni are being used. Then we have stablecoins such as USDT and USDC to protect the users from volatility.
sr. member
Activity: 819
Merit: 251
October 05, 2019, 08:37:51 AM
#36
I beg to disagree, Bitcoin is one of the most powerful coin in cryptocurrency, without it there are so much trust issues in cryptofield. BlockChain is what makes bitcoin run and it is the future of digital technology I guess. Bitcoin survives over a decade right now and there is still no problem other than it's transaction fee whenever the value goes up right? If the fee's problem would be solve in the next few years for sure bitcoin will be the key to revolutionary.
full member
Activity: 1946
Merit: 112
October 05, 2019, 07:00:30 AM
#35
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

When it comes to the importance of a particular cryptocurrency, you need to understand that one cryptocurrency, like any one financial or other asset, cannot exist. If we talk about bitcoin as the only cryptocurrency, then we are certainly mistaken in the correctness of this. I believe that altcoins were created and are created to support bitcoin and the development of infrastructure, without which no project can work. We have already seen how the dominance of botcoin grew and was already more than 50%, this is the mechanism for feeding bitcoin. Personally, I see it this way. And of course, bitcoin cannot be the one and only.
member
Activity: 141
Merit: 19
October 05, 2019, 06:37:47 AM
#34
As per my understanding BTC is like a mainframe looking at which all other altcoins were built and the trust, faith that all have on BTC is not the same with altcoins. If it was the same then there would be atleast one such coin that can replace BTC but, that is not the case.

It is not only china even if other countries adopt crypto payment even then BTC will be in its leading phase.
newbie
Activity: 8
Merit: 0
October 05, 2019, 06:28:03 AM
#33
I think it can. Bitcoin is the first cryptocurrency, remember that.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
October 05, 2019, 06:23:43 AM
#32
It will come that Bitcoin could become one of the most used payment system worldwide. People around the world are undecided wether to use or not to use it as payment norm. High volatility is one of the main reason why most retail companies stop accepting it, but once its more stable no doubt it will outranked other existing payment systems.

That's not the significant thing about volatile character of bitcoin, but if these companies will try to see what's the capability of btc to increase a commendable value. Bitcoin's journey could survive without other coins, but don't expect it to establish an expensive price. We need other crypto and stable adoption in order to maintain a stable market.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
October 05, 2019, 05:27:06 AM
#31
What else that does mean?

Dump bitcoin in return to buy those altcoins that you have said?
I donr think so.
How about we go to trust issues next time.
Wepay? I dont even know it and even the other one.
Yes, that is next. Popularity. And you are saying bitcoin does not have much usage?
Cmon. Be real.
I would rather stayed with the longest streak than new ones that might just stay for the meantime.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
October 05, 2019, 05:26:17 AM
#30
Payment systems that work well without bitcoin do not need to attach the 5th wheel, if something from cryptocurrencies will tied, it will be a fast currency, like LTC or DASH.
Some altcoins outlast bitcoin in terms of a faster transactions but of course bitcoin is still better than any altcoins. Alipay is good in China, they are totally cash-less and hopefully soon cryptocurrency will add to their option. If the mass adoption started in China, there’s an assurance that the price of bitcoin will go up, maybe volatility is the reason of a slow adoption.
hero member
Activity: 1358
Merit: 509
October 05, 2019, 05:17:25 AM
#29
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
It is not right for btc to take the functions of all altcoins, and if all payments are made with btc, those coins will become redundant. I think btc can stand by itself, but the altcoins have goals and if they do not, they will not. Even if this system is changed, there will be nothing big enough to affect btc. Wait, this year's progress towards adoption will increase further next year.
member
Activity: 784
Merit: 21
October 05, 2019, 04:58:17 AM
#28
No matter how good bitcoin becomes it was never built perfectly, thats the major point that bitcoin can't walk alone without other good altcoins at its side, features aspect of bitcoin is worse than most altcoins in crypto space today and i belief that some altcoins will do better than bitcoin
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