Bitcoin making alts useless - page 15.

jbautistangina

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Quote from: OmegaStarScream on February 10, 2018, 04:19:09 PM

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

Surely most of the altcoins today wont have any value in the future because when bitcoin's price surged up and reaches a $50k market msot of the altcoins will be valued less than a dolar because these altcoins are being cauculated in satoshi,if the $50k happened im sure one single satoshi would be expensive and these altcoins wont have any value in the future.

beheddard

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I don't think you can make a case for bitcoin destroying altcoins when a lot of them occupy completely different niche markets than BTC. BTC is only a currency coin, many altcoins aren't even competing against it, so how could they be destroyed/made irrelevant by it. Doesn't make any sense.

dangful

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Quote from: thinkpad99 on February 14, 2018, 02:50:47 PM

In my opinion bitcoin can not replace all altcoins. Maybe some will be useless to end 2018 but it still is being created altcoins what can survive longer

For me, if only all Crypto Exchange wouldn't pair Altcoin:BTC but instead Altcoin:USD or Altcoin:Euro then Bitcoin would be just the part of history.
Trading pairs in every Crypto Exchange should be transformed into pairing of USD or Euro then Altcoins would be note affected by Bitcoin value anymore.
If that will happen sooner or later then Bitcoin would be put behind and whales will turn their back away from Bitcoin.
Goodbye Bitcoin... Good bye

dangful

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Quote from: OmegaStarScream on February 10, 2018, 04:19:09 PM

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

Of all the features of a cryptocurrency that is capable to be adapted by the majority of crypto enthusiasts is speed and scalability. Bitcoin has the least in terms of speed so Bitcoin could be never accepted as to be the payment for fastfood and other quick trade services because Bitcoin's network cannot handle congestion loads therefore Altcoins are taking over.
You can't say that Bitcoin would be the main star of this Crypto Market because without Altcoins Bitcoin isn't that much appreciated and adaptable.
What I'm going to say is, people put trust on Bitcoin because it is complete decentralized and the code is completely transparent but if only Bitcoin is the only Cryptocurrency is circulating today there would be less people who are using it because of the effectiveness like transaction speed couldn't accommodate massive transactions.
Altcoins are still better than Bitcoin just except whales will turn their back on Bitcoin then Bitcoin will be just the part of history.

thinkpad99

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In my opinion bitcoin can not replace all altcoins. Maybe some will be useless to end 2018 but it still is being created altcoins what can survive longer

dulari1

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btc dominance on in total marketcap was near 70% in october 2017 and now it is less than 40% .

so it shows alts are growing and people now buying alts too .

however btc is still holding a major portion of marketcap .

cryptoblue

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It is not the fault of bitcoin and it is not making the altcoins useless. Those altcoins that have got a solid project they will survive and others wouldn't.

Drogean

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Most of altcoins don't really provide users any new features, so they can attributed to the scam. Fortunately, among the altcoins there are still interesting projects that deserve attention. BTC community is expanding every day, the load on the network is growing, the developers are trying to offer some solutions, but their implementation also takes time. altcoins are serving as meant of payment in some cases helping to take the load off BTC network.

rudox

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Bitcoin actually is more popular compare to all most all the altcoin but the likes of Ethereum, Litecoin, Ripple are also trying to hold their own. I agree that over time most of the altcoin will be diminished and lost as most of them are not worth investing on right now.

bhadz

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Quote from: OmegaStarScream on February 10, 2018, 04:19:09 PM

I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

Not all but we are going there that we might seen a bigger progress and development with bitcoin as it's getting all the attention from the stage. I'm thinking about that before as I'm a bitcoin only investors way back then but when I'm started to and recognize that there's also a good flow of money in the circulation of altcoins, they are no longer ignored. But we are talking about the future here and you might be right and I may be wrong. Bitcoin will remain even without those alts but those alts won't if there's no btc.

CryptoTrip

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With each passing year new technologies are being developed and the time will come and bitcoin will be removed. Already this year the market share for bitcoin is 35-40%. Yes, bitcoin is the first coin, he is heard by people, and that is why so far everything is built through bitcoin. But it's not forever

furry04

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Somehow those alts that claim are better than btc are just selling an alternative of a technology to us by fixing let`s say the transaction speed of btc, but btc has been the one who have introduced this technology to us so even if some are better btc can copy their strenght and implement it by cuting off their strenghts.

Emperor of Man

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I believe that bitcoin has a strong position in the market, and that it will continue to thrive in price, technology and many other fields, but to make any other crypto useless? I think not.

There are other use cases that bitcoin can not (or does not want to) support, and then there are new ideas. Very simply people will not stop innovating because we have a strong crypto in the market.

arde13

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Quote from: OmegaStarScream on February 10, 2018, 04:19:09 PM

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

Given the ability of bitcoin to evolve and absorb the best qualities of other projects, I agree. Maybe just not so fast

coingrow

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Bitcoin will always have the first movers advantage. Also with time bitcoin will improve. There are few other good projects out there which I hold in addition to bitcoin, but most people trade only to gain more bitcoins.

hlk251

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in past, there were lots of automotive companies. (maybe thousands)
now? 20 maybe.

same evolution will be happened to these thousands alts.
only the most effective ones will live. other will be trash/useless.

Bitcoin will live forever. because this ecosystem's name is known as Bitcoin.

Dakshkapoor

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This is not possinle because every altcoin has its own value which is independent. This value sometimes gets effected by bitcoins market. There are many altcoins which are of good value and has good image in the market. Just dont be scared and enjoy the crypto trading.

ModaFuka1994

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To be fair, if you choose a currency in the cryptocurrencies market for global trading, I prefer altcoins rather than Bitcoin, because altcoins themselves have a lot of cryptos in them, people can easily afford to exchange and trade different types of cryptos, not just Bitcoins. So for the next 15 years, Bitcoins will be replaced by altcoins to become global currencies, and people will trade altcoins instead of Bitcoins.

BountyGo

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Quote from: madtea on February 14, 2018, 01:32:52 PM

I would say most of them, still some solid coins (tokens) doing something original but most will not be needed at all (I think).

You are underestimating the amount of people who want to buy "The next bitcoin below 1$" and become rich.

madtea

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I would say most of them, still some solid coins (tokens) doing something original but most will not be needed at all (I think).

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