Topic: Bitcoin making alts useless - page 6. (Read 1721 times)
Well, I think alts are filling gaps now and that BTC is going to be like the crypto-gold, so no, it's not making alts useless.
Bitcoin will never make alts useless because there will always be a way for alts to adopt those same platforms and services. Altcoins are forever vying for #1 and lets not forget the number of blockchain services that appear as tokens, yet compliment BTC by increasing utility.
It's too early to talk about the popularity of bitcoin. More and more analysts say that promising and technological alts will replace bitcoin in the near future.
All altcoins in 90% die after the end of ico so it is better to keep savings in tested coins
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?
the development of bitcoin is very fast and altcoin can not follow it but behind the development and popularity of bitcoin which continues to increase altcoin also continue to develop although lagging but the important thing is still growing and it proves that altcoin still useful and popular 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 it for long-term investment and altcoins are more for short-term trading, in that they can show both huge growth and a huge drop in a very short time !
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?
It's so easy to think that way because the relationship of Bitcoin with altcoins are usually inversely proportional. I say that because it's always so difficult to see that there is a chance for altcoins to do good in the market, especially if many of them are falling down to the point of no return. Even if that is true, we cannot group all the altcoins into one department that are destined to fall off the cliff. I say that because there are still some coins that are priced enough and can hold their ground in terms even in the face of a market that is falling apart. Having said, altcoins are what gives Bitcoin competition that, in turn, helps the market stay afloat.
That is true
For me in my very own opinion, I think that bitcoin is developing right now, since bitcoin is the oldest in the cryptocurrency there'll be no doubts that it will be the popular amongst alts, It is also a good thing that the devs are making changes as this will be a big help in maintaining that top spot bitcoin has, and lastly I think that if this continues alts won't completely be useless since competition is a must here, it's business and therefore business means competition, and I think that alts won't back down to bitcoin.
Bitcoin is the first one to get the fame since it's the first cryptocurrency. But many investors are preferring to choose altcoins than the father of the crypto since they have more benefits and advantages from holding it than long term holds in Bitcoin.
I think that is not enough reason to make alts useless. As you see, not all alts only aims for a price of pump or dump but altcoins have some unique function that can barely replace bitcoin. And especially for me I would still prefer making trades or transactions of altcoins rather than bitcoin due first to its transaction charge and next altcoin has a good speed in sending and receiving functions compared to bitcoin.
In my opinion too early to conclude so. If bitcoin ATMs exist in many places it is a normal thing because bitcoin is a precursor. I feel lately that people's interest in bitcoin is reduced. There are some altcoins that provide unexpected profits. Looks like today, the profit is sought by most people.
Bitcoin just got the most fame because he was the first, he has no more advantages. Altcoins excel bitcoin in terms of technology and continue to evolve continuously. In addition, altcoins are more accessible, which makes them very attractive for investment.
Do you mean bitcoin has more disadvantages over advantages? Could you back read then. Anyway, making useless alts is somehow only a prediction. Isn't it? If bitcoin makes alts useless then probably altcoins didn't exist eversince during the first place it functions in crypto. I guess bitcoin won't do that because part of bitcoin are altcoins in crypto without this,it won't work as team in cryptocurrency so altcoins are not useless for bitcoin and it won't be making it useless.
Bitcoin just got the most fame because he was the first, he has no more advantages. Altcoins excel bitcoin in terms of technology and continue to evolve continuously. In addition, altcoins are more accessible, which makes them very attractive for investment.
Altcoin isn't useless, possibly, their altcoins which are very useful, as well as bitcoin. People are very attentive and underestimate altcoins only because of rating and cost. But I assure all those who use cryptography, use alt or other altcoins, and you will know his real use.
I don't know why more people don't think about altcois for storage of value as well. There is Ethereum for example. The technology is superior to Bitcoin. It's like highspeed internet vs. dial-up.
The majority of altcoins just tweak some unimportant parameters, or offer something that might be useful but not. If, for example, altcoin has the total amount of coins, that means each individual coin is worth less. If altcoin finds the block faster, it just means that the transaction requires confirmation for a similar level of security.
The value of altcoin depends on bitcoin pretty much. I think we should wait for bitcoin and altcoin will be back, June is the time of bitcoin and altcoin back.
Bitcoin was the first and continues to be the only coin with a characteristic of decentralization. All other so-called innovations, such as a shorter waiting time for transaction confirmation, protocols with proof of anything, Turing completeness, various signature generation algorithms, transaction request methods and even confidentiality are minor variants of the giant innovation that bitcoin represents.
I know that many altcoins that existed was aiming to be the next bitcoin and they claimed they are better one and that's are the real useless alts while those that don't compete with btc and focus on a specific category then they have worth in this market.
Bitcoin is popular, so people know about altcoin others as well. And there is good altcoin as an investment too. And many people invest in ICO with altcoin, not bitcoin. In fact, altcoin also helps grow the crypto currency market. Although not as much bitcoin, but they support each other
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