Bitcoin will rise and everything else will die?

madken7777

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Quote from: K128kevin2 on July 09, 2014, 09:32:05 AM

but I don't think they will ever even come close to becoming main stream.

Don't be so sure...

http://www.coindesk.com/holytransaction-bets-big-universal-cryptocurrency-wallet/

If more things like these appears and Bitcoin becomes mainstream, altcoins still have a chance.

Most alt coins have crashed badly in the last 1-2 weeks. Hard to see them come back at this stage.

Tzupy

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http://www.cryptocoinsnews.com/news/pump-dump-know-signs-trading-altcoins/2014/07/09

keithers

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Quote from: thedarksun on July 08, 2014, 05:16:03 PM

The recent time, bitcoin was regained some of its former value while nearly all other altcoins have been dumped. Will it progress this way and eventually take out all altcoins? LTC is dumping and can probably go down to the level of nmc and ppc. Have most people figured out that altcoins are mostly pump and dump?

I would definitely not put LTC in the pump and dump category. Obviously it isn't anywhere near the adoption of BTC, but it is now supported on most major exchanges, and has a growing community. Yes prices have sagged over the short term, but so have most of the other coins (besides BTC). There has been a slight turnaround in the last day or so, but nothing major...

kerafym

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Quote from: spazzdla on July 09, 2014, 10:45:27 AM

Several Alt coins will explode in the next bubble... Explode.

Next bubble may be a long time away.

spazzdla

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Several Alt coins will explode in the next bubble... Explode.

K128kevin2

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I think the value of alt coins may continue to go up and down, providing the possibility of making a profit on them, but I don't think they will ever even come close to becoming main stream. Bitcoin has a huge advantage there, being that it is already accepted in so many places and widely known. It has more momentum, so in the long run I think bitcoin will be quite valuable and alt coins will remain low value, speculative commodities. But I don't think any will ever reach the level of Bitcoin.

Febo

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Quote from: BitcoinHeroes on July 09, 2014, 08:08:45 AM

Nah, Bitcoin will rise together with all the alt-coin.

99% of altcoins was made for fun. they will not stay.

BitcoinHeroes

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Nah, Bitcoin will rise together with all the alt-coin.

formula1

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Don't discount innovation in this space. Bitcoin will stay for a long time but there are promising alt. coins too.

Febo

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Quote from: twiifm on July 08, 2014, 10:20:30 PM

You realize alts are just based on same code of bitcoin. Bitcoin can't do anything that an alt can't do

Theres no fundamental difference. Only difference is the amount of speculation. If alts can crash so can bitcoin

Many alts can do much more then bitcoin can do. but that is just because evolution. Bitcoin have advantage of being first and had lots advertise. But lots of things works in favours of few altcoins. 99% of altcoins are rubish, seriously ones will slowly spreed and eat Bitcoin out.

Quote from: GangkisKhan on July 09, 2014, 04:03:44 AM

Because all the alt coin developers are acting this way. All just want quick profit and move on to another pump and dump coin.

All dont act like that. Satoshi did not dump his 1 million bitcoins, he could and he still can. But some altcoins dont have Satoshi with 15% of coins mined in few hours, there si no options someone woudl dump coins he got for free and ruin price. There are much better coins out there then is Bitcoin you just need to find them

GangkisKhan

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Quote from: BawsyBoss on July 08, 2014, 06:05:06 PM

Don't know about LTC specifically, but it is pretty common sense how most alts are pump & dump at this point. Have you actually seen any promising features of recent alts? Of course, some of them are probably staying alongside Bitcoin. I don't think LTC itself will be much of a problem.

Because all the alt coin developers are acting this way. All just want quick profit and move on to another pump and dump coin.

dothebeats

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Oh. I don't think so. Some people may be tired of using another altcoin but to others, they see it as an opportunity to make more money. With that, I don't think altcoins would "die" as you say it, it may be not that widely used but as long as altcoins have value in btc, speculators and investors would still take the risk just to make some nice profit out of them.

Ron~Popeil

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I think most alts will ultimately languish and go away. Litecoin is a nice coin but seems to be dead in the water. NXT has the most innovation of the alt coins but the same kind of stuff can be built on the bit coin protocol. PPC intrigues me as well but the developers seem to be asleep.

Malin Keshar

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The only ones that MIGHT survive long run are the ones that are both innovative AND that have a good user adoption. There are good technologies that died because of low user adoption, and I think no coin without innovation can get and keep users.

I see no coin that have both, but there are few that have at least good innovations, so the vast majority will die and few may or may not survive.

freedomno1

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Quote from: thedarksun on July 08, 2014, 05:16:03 PM

The recent time, bitcoin was regained some of its former value while nearly all other altcoins have been dumped. Will it progress this way and eventually take out all altcoins? LTC is dumping and can probably go down to the level of nmc and ppc. Have most people figured out that altcoins are mostly pump and dump?

Some coins will survive but only those that present enough innovation or changes to the infrastructure to be around in the future.
Smart Contracts, DAC's, Smart Property, Contracts for Difference those are the type of innovations in crypto that will lead the future.

twiifm

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You realize alts are just based on same code of bitcoin. Bitcoin can't do anything that an alt can't do

Theres no fundamental difference. Only difference is the amount of speculation. If alts can crash so can bitcoin

aminorex

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Last time, the alts were bogus, and only did the slingshot because of a "bitcoin is expensive" and "LTC=silver, BTC=gold" meme.

This time, there are actually useful alts. I expect them to get the slingshot, and the scamcoins to wither. The bar to rise above scamcoin level is rather high now. Of course the bar to rise above perception as a scam coin is roughly 15 degrees skew to the bar to rise above actual scamcoin status, so some scams may slip through and some useful coins may be debarred from participation in the slingshot.

My own picks for this iteration: XMR, Nxt, XCP. All else -- "consign it then to the flames for it can contain naught but sophistry and illusion".

Fippy

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I think that there will probably by a small handful off altcoins that actually establish a stable value and staying power.

Although I strongly suspect that it will be not due as much to technologically advancing the features of Bitcoin, but rather by bringing something else to the table, and being useful as a smaller denomination or faster transacting altcoin.

Because of the community support alone I still suspect Dogecoin will outlast most alts, even if it never 'goes to the moon' in value. Likewise I think Vericoin has immense potential, due to the fairly open nature of the dev team, among other things.

Of course, any altcoin that lasts will have to manage to survive being pumped and dumped, probably more than once. That is probably the biggest hurdle.

theblacksquid

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Quote from: Torque on July 08, 2014, 08:17:44 PM

Quote from: BawsyBoss on July 08, 2014, 06:05:06 PM

Have you actually seen any promising features of recent alts?

A more important question the altcoin lover geeks never seem to ask themselves is, "Have you actually seen anyone in the public care about any of these so-called promising features?" The point is, Joe Public truly doesn't care, and never will care. They just want a simple, universal digital form of money that works simply. Like Bitcoin. They truly don't care about any "extra" features built into the protocol, it's not a selling feature to the public.

I tend to agree with that line of thought,. but it's just so effing depressing if you put it that way, seeing the amount of effort going into Ethereum and MaidSafe.

Torque

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Quote from: BawsyBoss on July 08, 2014, 06:05:06 PM

Have you actually seen any promising features of recent alts?

A more important question the altcoin lover geeks never seem to ask themselves is, "Have you actually seen anyone in the public care about any of these so-called promising features?" The point is, Joe Public truly doesn't care, and never will care. They just want a simple, universal digital form of money that works simply. Like Bitcoin. They truly don't care about any "extra" features built into the protocol, it's not a selling feature to the public.

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