Topic: Bitcoin needs to die - page 5. (Read 604 times)
I don't think it necessarily needs to die but is going to do so anyway, at least when and if eth takes over it.
Most of the coins are pegged on the bitcoin as trading pair but they still have other pairs they are traded with. Like you rightly stated depending on the exchange site. For a truth I do not like the way whatever happens with the bitcoin affects the rest of the over 1,500 cryptos. The altcoins should be independent of the bitcoin rather than tied to its apron strings. It shouldn't be that whenever bitcoin goes down, altcoins do the same. This is pretty predictable.
But OP your logic that bitcoin should die so that the altcoins soar is faulty to me.
But OP your logic that bitcoin should die so that the altcoins soar is faulty to me.
There is no need to die because most of the people here in crypto currency are they get more income in bitcoin if bitcoin will die many people are suffering
and lossing their job that could help the financial problem of our family.
and lossing their job that could help the financial problem of our family.
I may have to disagree with the subject that bitcoin needs to die, for what purpose? Bitcoin is the sole cryptocurrency that is first ever decentralized digital currency to grow in the market today with a very high currency rate it had achieved that had reached almost $20K of it's price value and no other cryptocurrency had ever surpassed it's growth. In my understanding, most of the other cryptocurrencies were dependent on bitcoin's current market price wherein if bitcoin price may drop, most of the altcoins will also be affected. Moreover, bitcoin will continue to survive and will continue to grow in greater heights.
there is no sense in BTC death. This only means that alts must live with their own life. And depends only from their work, not BTC course. Most of a dead-born project with no sense. Look for example on waves it looks quite stable to BTC or XEM. BTC now works like mood indicator on market. And this is problem just for alts not for BTC.
What you said is true, all altcoins are tied to bitcoin. Usually if bitcoin is up, the altcoins are up and vice versa. However, if bitcoin fails, it can cast a negative shadow across cryptos in general, as bitcoin is the most popular. I think it's better for now that bitcoin survive but it would be fine if another crypto takes over bitcoin's #1 place. This is just my opinion.
Therefore I always support bitcoin even the value of it is going down and not stable. I'm just supporting two coins which is bitcoin and Ethereum that I believe it will become stable soon. Bitcoin is the number one Cryptocurrency and without bitcoin all altcoins is none.
Guys,
I am not against bitcoin, but its just my views. Whenever i see coinmarketcap, i see similar trends on an hourly basis for all the coins which follow the suit of bitcoin. Isn't it wrong that the coins we are invested in are just following the suit of bitcoin. in order to break away from bitcoin chart, we need to move to stable pairings such as dollar and maybe include more pairings rather than just btc and eth.
I am not against bitcoin, but its just my views. Whenever i see coinmarketcap, i see similar trends on an hourly basis for all the coins which follow the suit of bitcoin. Isn't it wrong that the coins we are invested in are just following the suit of bitcoin. in order to break away from bitcoin chart, we need to move to stable pairings such as dollar and maybe include more pairings rather than just btc and eth.
Your forgetting actual truth all remaining crypto currencies are exists because of bitcoin the trust people have on Bitcoin . 80% of the people still knowing only about bitcoin . If any countries major reaction completely reflect on Bitcoin not other coins . Once bitcoin value goes down other coins also eventually loss its market.
Bitcoin is unlikely to die.
Because even better altcoin appear, but they still need to be converted into the bitcoin trading, and then can be converted into the legal currency, so I am the future of the bitcoin is likely to be the legal tender of cryptocurrency markets.
Because even better altcoin appear, but they still need to be converted into the bitcoin trading, and then can be converted into the legal currency, so I am the future of the bitcoin is likely to be the legal tender of cryptocurrency markets.
Bitcoin does tend play the same role in cryptocurrency markets as the US Dollar does in commodity markets but even if bitcoin did not exist some other coin would take the role of dominant currency that all prices are quoted in and you would have exactly the same problem.
Let the market to decide which one going to die and which one going to live. In my opinion, if an old relic of the past like Bitcoin die then not good for the market.
It will not die but will be dominated by ethereum.
I dont think so, if Bitcoin die all crypto going back to the 2009 year.
You have no understanding of Bitcoin, using your logic, even Dollars need to die.
Get a brain.
Get a brain.
Crypto brings so much conveniece like we can play gambling here in easy way and we can also use digital currency as a mode of payments that's bitcoin can brings i think you post negative about bitcoin but still it will grow by it conveniece so there's a positive in bitcoin,Moreover we use bitcoin because we can earn and we can use this for business in many ways but if you experience not good here then leave.
If bitcoin will fail as the foundation of cryptocurrencies surely most of the alts in the market will follow its path,i dont think these altcoins are worthy because most of these alts doeant have any product/services to offer,surely they need to be removed from the market so our market wont have any shitcoins or worthless coin and besides the cryptocurrency's market volatile that is why you need to know how the market flows so you can adjust in any situation you are in.
I dont see any reason why bitcoins need to sacrifice and paved way for other almost 1500 alternative currencies to survive. If all things being equal and bitcoins die for another currencies to lead, what will happen to the new dominating currency, lets assume is Ether. It means sooner or later ETHer also need to die for other currency to dominate?
yes you are right, if we think like op. then who is the leader will continue to die and death will continue. okay, assume there's no pair again btc and eth. but how in exchanges? they always provide their own alt to be pair in their own exchange and I think it's the same.
Bitcoin will never die, the top dog need to be 1. Anonymous 2. Anonymous 3. Most Secure
The governments can not go after one who is truly anonymous.
The governments can not go after one who is truly anonymous.
I believe that if a person knew nothing about the crypto currency, then most likely he would first learn about bitcoin. Because people can know bitcoin, but do not know other coins. Bitcoin is known all over the world. More and more people if they hear about the crypto currency, they remember immediately about bitcoin. And if bitcoin dies, many people will simply stop believing in crypto currency and invest their money in it. Therefore, I do not think that bitcoin should die, despite its shortcomings.
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