Topic: Bitcoin making alts useless - page 2. (Read 1721 times)
I belive and dream some day Bitcoin make 90% alts useless and take their volume but it’s still too difficult to make any protocol changes in btc.
It is just that because of bitcoins popularity, altcoins tend to be treated as useless because people will most likely sell their altcoins to bitcoin 
On some level, you're right. Bitcoin will continue to gain popularity. Bitcoin rather refers to the cryptocurrency, which can survive for a very long time, but if there are altcoins that are better in terms of reliability, speed and cost of transactions, then Bitcoin will move away.
I do not think that. Bitcoin has its own specialties and altcoin has its own unique utility. That makes the crypto market richer and more diverse. Of course, a product wants to achieve value, it must create value to use and meet the needs of users in practice. And I think altcoin is doing well. Statistics on cmc always show the most concrete evidence.
Yes, I agree with your point. The numbers always prove the value of altcoin is needed and is supported and trusted by users and investors. The market capitalization of alcoin is diversified and flexible. In addition, it is gradually bringing balance from the user base. This shows that the role of altcoin is very positive and plays a huge role in the success of the blockchain industry. 
Your reasoning is wrong. Bitcoin and even a few altcoyins can not render useless all the altkoins. Bitcoin in general is just a coin for performing the function of money. At the same time, tokens are created to perform specific functions, which bitcoin is simply not able to perform. Therefore every coin and token finds its niche in our life. To worry about the uselessness of such coins and tokens is not worth it: if they turn out to be useless, then the crypto-currency market will simply throw them away and they will depreciate.
In addition, it can not be said that bitcoin is constantly gaining popularity. For the last six months, he just lost her decently. It is no accident that in China, ranked bitcoin took only thirteenth place.
In addition, it can not be said that bitcoin is constantly gaining popularity. For the last six months, he just lost her decently. It is no accident that in China, ranked bitcoin took only thirteenth place.
Because theres a lot of people also that they know only is bitcoin. In other words for people become aware on cryptocurrency many merchants uses bitcoin as front of cryptocurrency but they will realized if they study cryptocurrency that there is better than bitcoin when it comes in fast transaction, minimal fees and etc and this can bring them to know other coin or altcoins.
Yes that's true. Major broadcast media and webs are presenting crypto related news on Bitcoin only as it's the main coin, but in fact there some altcoins which are affects the crypto market and has gain co-operates with several popular companies. But these altcoins fame seems to be just the follower Bitcoin only, so it all becomes less meaningful.
This statement may be true. I really think that Bitcoin really influences the altcoin presence, existence, and also price or value. We know that the price of the altcoin really depends on the bitcoin. we can see from the progress o the market. Here, however, actually, BTC and altcoins can support each other because their value is influencing base don the society and community utility.
That is not true. Bitcoin and altcoins have their own functions and advantages. Bitcoin is indeed the first coin to appear in crypto, but crypto does not just provide bitcoin for its communities to invest. Crypto provides facilities in the form of many coins in altcoins that can be an alternative to make an investment. Altcoins has a great use for its community, altcoins lighten the burden of the community to be able to invest in coins that are cheap but also with a qualified specification.
I seem to have different opinions. with the existence of the bitcoin makes growing altcoin this is because it can be used as motivation to achieve the equality of prices. and at this moment the bitcoin still gives its effects on the altcoin included in the price. When the price goes up then altcoin follow and vice versa. I agree if this all makes diversity in cryptocurrency. Let them evolve by itself and reaches its peak. This seems better.
I thus think that by having a altcoin then it can supplement the deficiency of the bitcoin. Particularly in terms of the market. Altcoin is an alternative for those of us who want to invest in crypto, if it hasn't been able to invest in bitcoin, then can investments in altcoin first. Because the number of bitcoin is also very limited. So, crypto provides an opportunity for us to remain able to invest through altcoin. So according to my altcoin and that bitcoin complement each other.
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?
Yes, Bitcoin will make Altcoins useless as currency for spending but in talking of investment i say no. This is because Bitcoin was not usually use for spending due to not all establishments will accept Bitcoin but in talking of investments, Altcoins have already gained reputation and lot of ICO are become successful because their investment gained so much earnings and that is why many new ICO are keep coming in the market to follow the path of these successful Altcoins.
Why bitcoin makes altcoin useless because now the bitcoin is decreasing and altcoin decreases, and what I know is that altcoin always follows the movement of bitcoin, and for bitcoin makes altcoin useless it is not possible because bitcoin also requires altcoin
I do not think that. Bitcoin has its own specialties and altcoin has its own unique utility. That makes the crypto market richer and more diverse. Of course, a product wants to achieve value, it must create value to use and meet the needs of users in practice. And I think altcoin is doing well. Statistics on cmc always show the most concrete evidence.
I can agree on this in terms of the price. When BTC drops, altcoin follows. But if the coin is being used and has a wide adoption, I think it will survive. But it should be paired to fiat so its value will not be affected by btc
BTC is an intermediate of altcoin, so it can not make altcoin useless
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?
Theoretically, such an option was possible. But at the moment I see that everything is going the other way around. Now bitcoin is being forced out from all fields of application, it seems to me that bitcoin has become an ordinary coin, there is nothing special about 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?
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I believe that every altcoin has different ways to help people and I am sure that the altcoin will make people life easy and simple. altcoin and bitcoin are helping each other and will help people also although altcoin depends on bitcoin price movements. people still attract to bitcoin because of the price is expensive and with bitcoin, people believe that they can make a lot of money. and the present of altcoin will help people to gain more bitcoin if they can do many ways to earn more bitcoin. and until now, bitcoin still popular than altcoin because altcoin itself still undervalued and cannot reach the highest price and if we compare with bitcoin, the altcoin is still behind the bitcoin.
bitcoin has very small possibilities like many alto's so that he never makes them useless, useless, they can only do themselves
Because theres a lot of people also that they know only is bitcoin. In other words for people become aware on cryptocurrency many merchants uses bitcoin as front of cryptocurrency but they will realized if they study cryptocurrency that there is better than bitcoin when it comes in fast transaction, minimal fees and etc and this can bring them to know other coin or altcoins.
I wouldn't say that is 100% accurate, Bitcoin does dominate the market and as such has an effect on all of the alts as well. However individual coins can still preform independently and react to a big exchange listing or a project milestone. Patience is ket at the moment.
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