how. Bitcoin can not have other features of altcoin. Because bitcoin has been used for a long time. when new cryptop forms. So pricing is dependent on bitcoin. I believe in the future. Some altcoins will develop over bitcoin. wait for it
You will wait forever and you will never see that happen. Anything that makes bitcoin out of the system, obviously will affect all other altcoins too anyway. This is what you are forgetting, what does those altcoins have that bitcoin cannot end up having or does not have already? Now, what does bitcoin have that those altcoins can never have? I will leave you to answer those questions and know the reason why no altcoin will end up as useful as bitcoin. 
Topic: Bitcoin making alts useless - page 16. (Read 1695 times)
I think not because all coins have their own advantages and disadvantages.
so I think bitcoin helps altcoin to further develop in the future. because in the presence of bitcoin then all altcoin will race to be equal even exceed altcoin.
so I think bitcoin helps altcoin to further develop in the future. because in the presence of bitcoin then all altcoin will race to be equal even exceed altcoin.
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?
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?
Actually, a lot of people already trusted bitcoin because of it's profitability and it's potential to change how the way people do their transactions in the future. However, you are right, there are altcoins that are entirely has a different function compared to bitcoin. Bitcoin also drives altcoin prices in some way, and bitcoin price also drives altcoin prices. However, I doubt if bitcoin will make other altcoins useless, because some altcoins are also growing together with the growth of bitcoin.
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?
Bitcoin is indeed making these alts worthless when it moves regardless if it is going up or down,most of the altcoins reacts to what bitcoin's movements which means people are getting out from the altcoins if bitcoin's started to move,that is the mindset of most of the people in the market and it is because altcoins are being calculate using satoshis,if bitcoin's price surged up to $50k or more im sure most of the altcoins in the market will die because i single satoshi would be like $5 each. So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?
We probably have multiple alts that one could consider as better version of bitcoin
There are altcoins which are faster and cost less to send transaction. bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.
Price is one of the main reasons why bitcoin is so popular.Would you buy 1 kilo of gold for 35000$ or 140000 kg of iron for 35000$?
I am sure you will make better use for 140 tons of iron than 1 kg of gold but gold is gold and iron is iron.
Please don't get me wrong, I prefer gold over iron
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?
Alts are for the most part speculative vehicles, there are only a few which have anything going on for them, so not much is going to change the alts which have some utility and niche will be used and the rest will be traded by speculators in a game of who can outsmart the other and leave them holding a bag of useless coins, so at the end things will remain mostly the same except I think bitcoin will regain part of its dominance once the lighting network comes into play.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?
What if we put the question versus that altcoins are making bitcoin useless? We defenitely have a borough of altcoins at the present time that one can consider an avant-garde for the conventional bitcoin, but only a handful of them are logically being accepted in the economy, is it that the remaining altcoins should be considered dangerous for bitcoin?
There's nothing to change that though. In the first place, bitcoin is what make people know about crypto currency.
Without that, those altcoins may not have any chance at all. Good thing that bitcoin is popular, so people know about others altcoins as well.
And no, altcoins are not useless. There are good altcoins as investment as well. And many people invest in ICO with altcoin, not bitcoin. Actually, altcoins also help to grow crypto currency market. Although not as much as bitcoin, but they support each other.
Without that, those altcoins may not have any chance at all. Good thing that bitcoin is popular, so people know about others altcoins as well.
And no, altcoins are not useless. There are good altcoins as investment as well. And many people invest in ICO with altcoin, not bitcoin. Actually, altcoins also help to grow crypto currency market. Although not as much as bitcoin, but they support each other.
Bitcoin will always be the king of the crypto currency world. This will continue for a long time. Altcoins aren't as strong as Bitcoin.
Saying "Strong" - you mean expensive? He fall from $20K, where is "strength"?
I guess he can be called "King" because he is founder of cryptos and he's respected. But as many kings, in practical life he can be most useless.
how. Bitcoin can not have other features of altcoin. Because bitcoin has been used for a long time. when new cryptop forms. So pricing is dependent on bitcoin. I believe in the future. Some altcoins will develop over bitcoin. wait for it
There could be a high tech coin that is much stronger than Bitcoin though Bitcoin has the age. Is bitcoin going to be instant and free like XRB? No.
Is bitcoin going to support smart contracts like ETH and NEO? No.
Is bitcoin going to pay you for holding it like NEO, VEN, XLM? No.
Is bitcoin going to pay you exchange dividends like KCS and COSS? No.
Is bitcoin going to be completely anonymous like XMR? No.
Is bitcoin going to have the business partnerships of VEN, ICX, WTC, REG, OMG?
Lightning network will it make it a bit faster and a bit cheaper. There's a hell of a lot more to blockchain technology than being a bit faster and a bit cheaper.
Very strong arguments! In comparison with those "alts" bitcoin is most "useless" Is bitcoin going to support smart contracts like ETH and NEO? No.
Is bitcoin going to pay you for holding it like NEO, VEN, XLM? No.
Is bitcoin going to pay you exchange dividends like KCS and COSS? No.
Is bitcoin going to be completely anonymous like XMR? No.
Is bitcoin going to have the business partnerships of VEN, ICX, WTC, REG, OMG?
Lightning network will it make it a bit faster and a bit cheaper. There's a hell of a lot more to blockchain technology than being a bit faster and a bit cheaper.
how. Bitcoin can not have other features of altcoin. Because bitcoin has been used for a long time. when new cryptop forms. So pricing is dependent on bitcoin. I believe in the future. Some altcoins will develop over bitcoin. wait for it
i think yes , because the famous name "Bitcoin " then if bitcoin fall or rise rapidly another alt coin 90% will drop and like lost their foundation to keep the price up
I think you're not exactly right. Many altcoins are unique, and have the functionality that bitcoin does not have. For example-Ethereum, it has smart contracts that are not yet provided for in bitcoin. Monero - it gives you the anonymity that can give bitcoin etc.
Is bitcoin going to be instant and free like XRB? No.
Is bitcoin going to support smart contracts like ETH and NEO? No.
Is bitcoin going to pay you for holding it like NEO, VEN, XLM? No.
Is bitcoin going to pay you exchange dividends like KCS and COSS? No.
Is bitcoin going to be completely anonymous like XMR? No.
Is bitcoin going to have the business partnerships of VEN, ICX, WTC, REG, OMG?
Lightning network will it make it a bit faster and a bit cheaper. There's a hell of a lot more to blockchain technology than being a bit faster and a bit cheaper.
There would be always advantage among those altcoins over bitcoin when it comes to feature and its capabilities but we cant really deny that bitcoin would really still remain on the top and a big community do still believe on it.People might engage into those altcoins you do mention but yet I'm sure they are still storing up or using bitcoin. We do know its flaws but same as OP said we do further even see its adoption rate and usage. Is bitcoin going to support smart contracts like ETH and NEO? No.
Is bitcoin going to pay you for holding it like NEO, VEN, XLM? No.
Is bitcoin going to pay you exchange dividends like KCS and COSS? No.
Is bitcoin going to be completely anonymous like XMR? No.
Is bitcoin going to have the business partnerships of VEN, ICX, WTC, REG, OMG?
Lightning network will it make it a bit faster and a bit cheaper. There's a hell of a lot more to blockchain technology than being a bit faster and a bit cheaper.
There are too many coins now. Imho most of them will disappear in the nearest future. Only strongest will survive. We will see lots of delisted coins and tokens in the nearest future.
I do not think Bitcoin is making Altcoin useless on the contrary Bitcoin is serving as springboard for quality Altcoin. The popularity and the premium pricing of bitcoin is making people all over the world and corporate entity to look for Altcoin like Ethereum etc.
I would not say ALTs are getting useless by the end of the year, that sounds too much to me.
But Bitcoin dev team is huge and an all star team for sure, so I would expect not many ALTs will
have an important role in 5 years from now (probably not more than 10-15)...and of course, BTC will
be in a pretty dominant position by then
But Bitcoin dev team is huge and an all star team for sure, so I would expect not many ALTs will
have an important role in 5 years from now (probably not more than 10-15)...and of course, BTC will
be in a pretty dominant position by then
Bitcoin for a long time will remain the most expensive coin. I'm sure and its value directly affects the altcoins. It is obvious. Altcoins need a hype. Ripple almost shifted the Ether the same way.
i don't think any of bitcoin's advances are going to make altcoins useless.
well the way i see it is that altcoins have 2 usages:
1. to be pumped and dumped. which will never die no matter what bitcoin does!
2. to explore this technology in new ways. and this will not die either. there are a lot of innovations in this market among different altcoins. granted they usually turn to shit but we can not deny the interesting innovations. they can be small things like what LTC did with changing mining,... or bigger things like changing the PoW to PoS and now these new ones taking advantage of DAG technologies.
that is why i have a love-hate relationship with altcoins
the only thing that your comment shows is that you do not know anything about anything. i suggest educating yourself a bit more
OmegaStarScream already covered them in details so i won't repeat it.
well the way i see it is that altcoins have 2 usages:
1. to be pumped and dumped. which will never die no matter what bitcoin does!
2. to explore this technology in new ways. and this will not die either. there are a lot of innovations in this market among different altcoins. granted they usually turn to shit but we can not deny the interesting innovations. they can be small things like what LTC did with changing mining,... or bigger things like changing the PoW to PoS and now these new ones taking advantage of DAG technologies.
that is why i have a love-hate relationship with altcoins
-snip-
the only thing that your comment shows is that you do not know anything about anything. i suggest educating yourself a bit more
OmegaStarScream already covered them in details so i won't repeat it.
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