Bitcoin vs altcoins, will they survive?

libert19

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Quote from: stripykitteh on June 07, 2017, 04:56:20 PM

Quote from: elektra on June 07, 2017, 04:45:14 PM

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

Bitcoin has the potential to increase in price because it was the original cryptocurrency and it began the whole Altcoin trading thing so I am pretty sure that if Bitcoin drops from the #1 rank then the other Altcoin will have to pay homage to Bitcoin’s source code and the price of Bitcoin will place Bitcoin up on the #1 spot again.

The price of an Altcoin is usually moved due to the price of Bitcoin so why have it?

Because bitcoin costs 4k$, alt coin may be cents or few dollars.

You can make good profit by buying good amount of alt coin.

Hoganye

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Quote from: batang_bitcoin on June 12, 2017, 05:38:27 PM

There are now some people that are trying to convert all of their wealth from bitcoin and migrates it to another alt coin. They think that bitcoin will not solve its problem but I believe that it is going to be solved very soon. And besides bitcoin was already filtered by many problems before so I'm sure it will survive.

I'm also understand that, but when is that future become true? You need know we are using Bitcoin everyday for our business, if Bitcoin only have problem in one day, it still make us met many issue.

newguy05

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Quote from: poplolnman on June 12, 2017, 05:47:33 PM

Quote from: kidoseagle0312 on June 12, 2017, 05:32:28 PM

Bitcoin has the capability to survive in the future, but not all altcoins can survive in the future.
But only those altcoins who build big community in this industry who will survive like eth, ltc, xem, maid, bay,
and waves.

people recently really worry about the bitcoin transaction getting slow , the fee getting high but the price itself much help bitcoin to survive until today , otherwise bitcoin might could slowly disappear replaced by altcoin breakthrough with its technology. what i believe are the cryptocurrency world would live for a longer than people expected.

The total value of more than 800 publicly traded cryptocurrencies and crypto assets pushed past $160 billion for the first time ever. As for most cryptocurrencies, I agree completely they will likely die out. It is usual that as 90 percent of businesses usually fail in the first few years, there is no reason to believe that coins have any difference. Bitcoin has the strongest community of all cryptocurrencies and also the most resilient. With the standard of measurement improving swiftly with infrastructures like ATMs, debit cards, hundreds of thousands of merchants, as the community getting stronger it will either become a universal payment system or simply a digital gold standard that stores value. I don't think Bitcoin is going to die. Better to know that where does it stop?

poplolnman

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Quote from: kidoseagle0312 on June 12, 2017, 05:32:28 PM

Bitcoin has the capability to survive in the future, but not all altcoins can survive in the future.
But only those altcoins who build big community in this industry who will survive like eth, ltc, xem, maid, bay,
and waves.

people recently really worry about the bitcoin transaction getting slow , the fee getting high but the price itself much help bitcoin to survive until today , otherwise bitcoin might could slowly disappear replaced by altcoin breakthrough with its technology. what i believe are the cryptocurrency world would live for a longer than people expected.

batang_bitcoin

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There are now some people that are trying to convert all of their wealth from bitcoin and migrates it to another alt coin. They think that bitcoin will not solve its problem but I believe that it is going to be solved very soon. And besides bitcoin was already filtered by many problems before so I'm sure it will survive.

kidoseagle0312

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Bitcoin has the capability to survive in the future, but not all altcoins can survive in the future.
But only those altcoins who build big community in this industry who will survive like eth, ltc, xem, maid, bay,
and waves.

The_Dark_Knight

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Quote from: Pursuer on June 07, 2017, 10:28:48 PM

people treat altcoins very differently. and there are a lot of newbies who fall for the hype.
for the rest you can't really say which one is right and which one is not, everyone should find what is best for them and stick to that strategy.
I personally believe that at this point in time none of the altcoins is worth holding for long term because I have not yet found any altcoin that I can be sure of its future.

There is always the chance that something bigger and better comes along, that is the risk with altcoins, but that does not happen overnight, if you are attentive, you will be able to spot this opportunities a mile away and you will be able to adjust your investments accordingly.

nod

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Quote from: snowcrashed on June 10, 2017, 02:04:21 AM

Of course they can, Bitcoin and Altcoins are the future's currencies, and it is considered as Gold so that they are not going to die so soon.

Of course yes, at least they will survive for a long time from now, people are going to use them very frequently so that they are not going to die

linkme

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At least for hundred of years later, they are the furure's money, I think they won't disappear until there a another way to sned payment online better than Bitcoin and altcoins

snowcrashed

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Of course they can, Bitcoin and Altcoins are the future's currencies, and it is considered as Gold so that they are not going to die so soon.

De Suga09

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Quote from: darkangel11 on June 07, 2017, 04:59:08 PM

I think they will survive, because they're offering something else that bitcoin doesn't. Some are more anonymous, some are faster, some offer better investment opportunities, some are better for trading i.e. more volatile. Bitcoin can go its own way and altcoins will have their own.
In 5 years bitcoin could become very stable and traders will look for something new. Also, don't forget about ICO investors. Some people are making huge money on new altcoins.

I guess bitcoin will not die at this point it is already so successful and already all over the globe a lot of people are using it but it is also a chance getting hack altscoins only is just going in the circulation in the market so i guess it will continue growing price and will not die also.

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Quote from: aeternus on June 09, 2017, 10:32:30 PM

The problem with the comparison you are making is that bitcoin is a single coin while altcoins are several hundreds different coins, with different developer teams and different philosophies, so it is obvious some altcoins are going to survive but not all of them.

As mentioned the altcoins that we've got for trading and other transaction purposes were quite high and was developed for varying needs. At the same bitcoin is the start and the single coin that competes with the entire altcoins. Based on the fact I hope bitcoin and altcoins will survive long without getting devalued as more people are getting into it.

aeternus

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The problem with the comparison you are making is that bitcoin is a single coin while altcoins are several hundreds different coins, with different developer teams and different philosophies, so it is obvious some altcoins are going to survive but not all of them.

Visin

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Quote from: Vikingr on June 08, 2017, 04:10:00 PM

It all depend on their work. If they will work like a currency and they will provide some benefits to the people like bitcoin is giving the benefits and if these altcoins will be used for different services and some online shops will come to adopt these altcoins then they have the chance to survive for longer.

I agree, most Altcoins that are on CoinMarketCap don’t really state what the coin does –it just has the name of the coin on there plus the price or volume so people can trade it for Bitcoin.

There’s a bunch of Altcoins that people can try to use for specific purposes that allows people to get certain discounts on items and it allows the whole Bitcoin network to grow without messing up the price of Bitcoin so much.

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Quote from: JohnBitCo on June 09, 2017, 01:15:52 PM

Quote from: hatshepsut93 on June 08, 2017, 02:41:03 PM

Just like there are many assets, currencies, and precious commodities in the real world, there will always be many different coins in crypto world. Many coins that exist today will die, many new appear, but Bitcoin (or some altcoin) will never be the only cryptocurrency. There's no benefits in having just one crypto coin, while having many creates competition between developers that will make them work harder, users will always have access to reserve cryptocurrency if one of them gets hacked/overtaken by someone, etc.

Bitcoin and altcoins both are necessary for the digital world and we cant deny the benefit of the either one. I think both bitcoin and altcoin will together take over fiat and make this a real digital world.

No it wont surpass or take over fiat anytime soon no matter how much they would progress later on they might contribute big innovations on financial system and transactions online but telling that they would fiat currency then it would really be an impossible thing.Bitcoin and altcoin will definitely survive as long there are users who do bought and make use of it.

JohnBitCo

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Quote from: hatshepsut93 on June 08, 2017, 02:41:03 PM

Just like there are many assets, currencies, and precious commodities in the real world, there will always be many different coins in crypto world. Many coins that exist today will die, many new appear, but Bitcoin (or some altcoin) will never be the only cryptocurrency. There's no benefits in having just one crypto coin, while having many creates competition between developers that will make them work harder, users will always have access to reserve cryptocurrency if one of them gets hacked/overtaken by someone, etc.

Bitcoin and altcoins both are necessary for the digital world and we cant deny the benefit of the either one. I think both bitcoin and altcoin will together take over fiat and make this a real digital world.

Ucy

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Why not. Bitcoin will definitely survive. Some Altcoin will.. especially those with great potentials. Ethereum could even do better than Bitcoin.

pearlmen

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Quote from: elektra on June 07, 2017, 04:45:14 PM

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

In the case of bitcoin, there is no doubt that it has stayed long-term the sane with ETH however, when a coin will stay that long, there is always some unique characteristics that it will display which will give it that push to the long-term. I agree that not all alt will fall into this category as quick look into the alt section is enough proof of that. For me, I take into consideration the prospect as well as the team and the various review that we see here before deciding which one to hold long-term.

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Quote from: phr0stbyt3 on June 08, 2017, 02:51:45 PM

It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts

I wouldn't say that Bitcoin doesn't matter anymore, if your numbers are correct, 48% Bitcoin dominance (48% of total market cap I assume), then it's still 48% versus 52% of marketcap of all other altcoins.

I'd still call Bitcoin dominant.

And there are still more people interested in investing in Bitcoin than altcoins, just look at mainstream news articles, 9 out of 10 talk about Bitcoin exclusively, maybe a few mention Ethereum.

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Quote from: jerry23 on June 09, 2017, 11:44:58 AM

Bitcoin vs altcoins, will they survive? of course yes altcoin is just depending on the bitcoin it is obviously in the some exchangers, but if the bitcoin goes down altcoins will absolutely down also cause as I said altcoin is depending on bitcoin value.

Bitcoin is the king for all altcoins if the price of the bitcoin goes down then automatically the altcoins price go down. But before we had only one big digital currency it was bitcoin. Now we have many alternative digital currencies. Eth is the very quick growing currency in altcoins. It crossed $250. So in coming days, Eth will become popular like bitcoin.

Topic: Bitcoin vs altcoins, will they survive? (Read 4023 times)