Topic: Bitcoin or Altcoin? - page 5. (Read 4258 times)

You are right, Nowadays bitcoin price increase more day by day. so automatically the fees increase too. but i think the solution of this high fees is on altcoins by doing exchange every times you want to send bitcoin, this is one of important things of other cryptocurrencies, and without them i think we can see many problems.

Well diversifying is good but there's nothing showing that Bitcoin is not going to succeed so what stops you from keeping your funds in Bitcoin so that you can make greater profits than risk diversification.

That is the truth,everyone is tired and sick of the confirmation delays and the time it takes to get one confirmation,i am not worried about the transaction fees even though it is high,but all i need is to have faster confirmation times if i am giving this much fees and it is really frustrating to wait for hours to get the coins through.I am using alt coins now for instant deals.

Honestly I'd love to switch over to doge or something, to use as money, but trying to find merchants that accept anything besides bitcoin is a fool's errand.  Those merchants just don't exist, and it sucks.  I'm tired of transaction fees and long confirmation times, as are a lot of people.  I'd much rather use fiat to buy stuff anyway, but I do occasionally buy things with crypto.  Eh.  Maybe it'll get better, but right now I'm very pessimistic about BTC.

Altcoins are very important to the cryptocurrency  world, espacially lately sunce bitcoin transactions has become very slower and have more fees into them, apart from the price some popular cryptocurencies provide or claim they have better features than bitcoin, and i see that people are starting to invest in them, so we may seee them rise in the near future.

Bitcoin and altcoin cannot be separated. in 2011 we know the price of the bitcoin had fallen in price $230 1 BTC. but as the number of coins new and competing projects are popping up in blockchain technology development (ICO). This makes the bitcoin strengthened back up now ...so  

Even ETH which is close in rank to Bitcoin will find it difficult to overtake Bitcoin in crypto marketing-system,...

Even ETH which is close in rank to Bitcoin will find it difficult to overtake Bitcoin in crypto marketing-system,...

I don't think that the current issues can be resolved in a "peaceful" way (i.e with consensus). So I assume that in the future there will be ugly quarrels. And something similar to what happened with Ethereum earlier (the emergence of Ethereum Classic) can occur with BTC as well. There can be a split. This is going to result in complete chaos and the alts can benefit out of it.

The bitcoin purists are incredibly short sighted. Ethereum will likely knock bitcoin out of the number one spot within a month or two.  If NEM gets their Mijin/Catapult rolling, bitcoin won't hold a candle in raw transactions per second and transaction fees. This bitcoin superiority complex and overconfidence could be bitcoin's undoing in time.  Other coins are quickly trying to develop the tech to bring the scalability and services businesses need to reality. Innovation and change are a constant in life. Adapt or die.

I respect bitcoin, I hold a bunch of bitcoin, but the fact of the matter is that these altcoins are not just some scams with inferior code that will never amount to anything. (well, maybe 95% of them are, leaving about 30-40 good projects out of the 700+ coins out there)

Altcoin purists are shortsighted because BTC is still the golden key. Without a rise in the price of bitcoin, your precious altcoins wouldn't be going anywhere. Both feed into each other.  Until exchanges can trade any currency with any currency directly, BTC will remain the golden key.  You only pay a transaction fee when you have to move money around from exchange to exchange anyways.  Bitcoin is not going to be widely adopted by any business at this point with the fees though.. if we want cryptos to be used to pay for say an ebay auction or used at amazon, we'll have to come up with a solution that has much faster confirmation times with much lower fees.

It's in everyone's best interest to get to that outcome. (Hurry up NEM with that mijin)

Also, I believe proof of work is going to fall by the wayside eventually. The coin on top in 3 years won't be proof of work based, or at least not 100% proof of work, that's my prediction. A blend of the two where the proof of stake has the fast block times seems to work nicely. If we could have blockchain trim technology which Pascal is promising, that would be really big. Child chains have promise, but to me seem like more of a gimmick to just have more coin ICOs at this point.

yes no doubt about that, bitcoin is not going to crash. bitcoin is becoming more popular because the number of bitcoin users are increasing continuously, which is making bitcoin stronger, in future bitcoin will become more stronger.

no , this is wrong thing.. altcoin is help bitcoin to more famous. altcoin without bitcoin is not meaning
bitcoin is always excistence

I would say that you should go for diversification of your wealth so that you can keep your principal amount safe as well as can earn good profits. Invest 50 percent in Bitcoins and invest 50 percent in altcoins like ethereum and monero.

People are not switching to altcoin to keep their wealth there, they are there to make the profit of the fact that its just developing then convert into bitcoin in due time. So, its just a part time shift which any rational investor would do by going there to make a 260% increase for holding for few days which cannot happen in bitcoin but will just sell then keep in bitcoin because that alt coin that increase at that rate may dip at a further rate.

I'm curious about the natural death part

Would Bitcoin turn into a shit coin? That's unlikely, so how do you fancy that, in practice? Regarding the questions raised in the OP, I think this is quite possible, really. In fact, this is what I think myself. If the issues that Bitcoin faces today are not resolved in a more or less peaceful way (as far as it can be possible at all), Bitcoin may suffer badly, and people will start dumping it either for fiat (for good or at least until the dust settles) or for major altcoins. I don't know about Ethereum, but if Litecoin gets enough money invested in it, it may well take Bitcoin's place

Alt coin provide more opportunity for those who missed out bitcoin early day. I myself gain more in altcoin. The fact that a lot of alt is still cheap and has room for growth makes people going for alt. Bitcoin is already more than $2500, maybe reach $3500 at the end of the year, that's less than 2x your investment. You can get higher number in alt.

If that is the scenario then all altcoins will have the same fate including the one you advertising.

Didn't you know that while bitcoin is having a good support continously in the market, that's the thing that making it as a strong. Bitcoin crash is possible but today I can't see it and I will only giving 0.5% for that to happened.

Can you tell me what are some of the reasons that will make bitcoin crash according to your own "analytics"? We might discussed those along with other people in the community. Let me be your guest here.

Are you sure about that? Perhaps your confidence is based on the fact that bitcoin is growing in value and at the moment the demand for bitcoins grows. It's good, but who knows how long this situation can continue? Any currency without an economy cannot exist. You see the economy of bitcoin? I do not see, and therefore can not exclude the fact that bitcoin is a pyramid and all pyramids collapse.

I do not think that bitcoin will crash.  If ever then every cryptocurrency will crash also because all its value are depending or based on bitcoin.  It is close to impossible that people would switch or stay with altcoin.  Bitcoin is proven and recognized now as a legit digital currency.  Considering that there are new altcoins emerging, the tendency is there are many scam of it.

Bitcoin will never collapse, many governments have accepted bitcoin, and they certainly will not let that happen. Do not worry about it. Altcoin is also a bitcoin analog, and it can also be profitable.