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Topic: Bitcoin without Altcoin ? - page 12. (Read 67962 times)

newbie
Activity: 36
Merit: 0
December 24, 2016, 05:40:51 AM
Yeah that's why i love bitcoins because it has no connection in any corrupt like government and easy to transact not like other currencies and it has no tax it depends on the owner of the site if he wants to get percentage.

You have to seperate transaction and withdrawal fees from tax that you may or may not declare every year to the government. In the latter case, even though Bitcoin isn't directly being mentioned as tax deductible in many countries, it doesn't mean you don't have to pay tax over everything you hold in Bitcoin. It adds up to your total wealth, plus the profits that you make are also subject to a general tax law. In short - Paying tax over your coins is a must. It's however up to you whether or not you declare everything honestly.

I will keep a record of my bitcoin transaction and pay tax later.
legendary
Activity: 2170
Merit: 1427
December 14, 2016, 04:17:06 AM
Yeah that's why i love bitcoins because it has no connection in any corrupt like government and easy to transact not like other currencies and it has no tax it depends on the owner of the site if he wants to get percentage.

You have to seperate transaction and withdrawal fees from tax that you may or may not declare every year to the government. In the latter case, even though Bitcoin isn't directly being mentioned as tax deductible in many countries, it doesn't mean you don't have to pay tax over everything you hold in Bitcoin. It adds up to your total wealth, plus the profits that you make are also subject to a general tax law. In short - Paying tax over your coins is a must. It's however up to you whether or not you declare everything honestly.
sr. member
Activity: 420
Merit: 250
December 14, 2016, 04:05:41 AM
i'm really confused what is thr purposes of the alternative coins and how this will be invented? and what are the good benefits of this alternatuve coins?  Huh
to me i  think the main reason for creating an alt coin is to provide several online services to the people, but some people are creating it for generating money and nothing else.
It's definitely for online purpose, it was created to give us a very fast and cheap transaction. With bitcoin, we can also transact anonymous and it is the complete opposite of the bank, where it has been operated in a decentralized way while banks are centralized.
Thats actually the main purpose why bitcoin has been created and we could able to read that on the whitepaper of bitcoin which it focuses on online money transfer transaction without any 3rd party involve like government. Which it means its total decentralized and no one would able to control it. Bitcoin could able to stand on its own without any altcoin exist.
Yeah that's why i love bitcoins because it has no connection in any corrupt like government and easy to transact not like other currencies and it has no tax it depends on the owner of the site if he wants to get percentage.
hero member
Activity: 2996
Merit: 609
December 14, 2016, 03:16:09 AM
i'm really confused what is thr purposes of the alternative coins and how this will be invented? and what are the good benefits of this alternatuve coins?  Huh
to me i  think the main reason for creating an alt coin is to provide several online services to the people, but some people are creating it for generating money and nothing else.
It's definitely for online purpose, it was created to give us a very fast and cheap transaction. With bitcoin, we can also transact anonymous and it is the complete opposite of the bank, where it has been operated in a decentralized way while banks are centralized.
Thats actually the main purpose why bitcoin has been created and we could able to read that on the whitepaper of bitcoin which it focuses on online money transfer transaction without any 3rd party involve like government. Which it means its total decentralized and no one would able to control it. Bitcoin could able to stand on its own without any altcoin exist.
hero member
Activity: 2814
Merit: 576
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December 14, 2016, 03:10:50 AM
i'm really confused what is thr purposes of the alternative coins and how this will be invented? and what are the good benefits of this alternatuve coins?  Huh
to me i  think the main reason for creating an alt coin is to provide several online services to the people, but some people are creating it for generating money and nothing else.
It's definitely for online purpose, it was created to give us a very fast and cheap transaction. With bitcoin, we can also transact anonymous and it is the complete opposite of the bank, where it has been operated in a decentralized way while banks are centralized.
hero member
Activity: 532
Merit: 500
December 14, 2016, 12:49:27 AM
i'm really confused what is thr purposes of the alternative coins and how this will be invented? and what are the good benefits of this alternatuve coins?  Huh
to me i  think the main reason for creating an alt coin is to provide several online services to the people, but some people are creating it for generating money and nothing else.
sr. member
Activity: 420
Merit: 250
December 13, 2016, 09:45:29 PM
i'm really confused what is thr purposes of the alternative coins and how this will be invented? and what are the good benefits of this alternatuve coins?  Huh
newbie
Activity: 32
Merit: 0
December 12, 2016, 08:53:30 PM
I think that it would be less more popular than it is right now without the altcoin, the altcoin really boosted the bitcoin for sure!
newbie
Activity: 16
Merit: 1
December 12, 2016, 08:33:14 PM
I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
I mean it would be better with or without them Bitcoin would have no value at all ?
i think affect , many users bitcoin before use bitcoin they use altcoin too
may be bitcoin not famous like now if alt coin
you are right. perhaps many people know bitcoin for altcoin, like me. Well, I know bitcoin from dogecoin. see bitcoin high price, made me interested in looking for bitcoin. so, I think bitcoin without altcoin will affect to the popularity of bitcoin
Correct there are lots of ways of doing something or to get to know something, that is why even if some coins are not the best it is better to have as many as possible that way people can eventually learn about bitcoin.

Indeed, Altcoins are here to stay, there will always be people willing to try new ideas.
hero member
Activity: 840
Merit: 502
December 12, 2016, 08:14:19 PM
I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
I mean it would be better with or without them Bitcoin would have no value at all ?
i think affect , many users bitcoin before use bitcoin they use altcoin too
may be bitcoin not famous like now if alt coin
you are right. perhaps many people know bitcoin for altcoin, like me. Well, I know bitcoin from dogecoin. see bitcoin high price, made me interested in looking for bitcoin. so, I think bitcoin without altcoin will affect to the popularity of bitcoin
Correct there are lots of ways of doing something or to get to know something, that is why even if some coins are not the best it is better to have as many as possible that way people can eventually learn about bitcoin.
sr. member
Activity: 586
Merit: 250
December 11, 2016, 11:54:59 PM
I think this is not will be peoples interested. Same with case number 1 without number 2,3,4 and more. Bitcoin and altcoin can be mutual relationship.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 11, 2016, 11:00:12 PM
Doge and Trump coins have become a meme and may have brought some users to the bitcoin world through being a meme and kind of a joke, however besides these small things, I doubt the existence of altcoins would make a large impact on the bitcoin world.

Doge has a large community supporting it. But you are missing the point here. You should look at alts which add unique and beneficial features to Bitcoin - like Ethereum and Monero.
These alts make sure that the developers of Bitcoin are on their toes because there is competition.
What I see is they do not compete, they are making bitcoin more popular as in their promotion they always recognize blockchain or bitcoin and that pays great respect to bitcoin.
legendary
Activity: 1918
Merit: 1012
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December 11, 2016, 10:44:55 PM
Doge and Trump coins have become a meme and may have brought some users to the bitcoin world through being a meme and kind of a joke, however besides these small things, I doubt the existence of altcoins would make a large impact on the bitcoin world.

Doge has a large community supporting it. But you are missing the point here. You should look at alts which add unique and beneficial features to Bitcoin - like Ethereum and Monero.
These alts make sure that the developers of Bitcoin are on their toes because there is competition.
legendary
Activity: 2296
Merit: 1014
December 11, 2016, 05:44:14 AM
Litecoin & Dogecoin and the others ...
Litecoin is a joke not an altcoin. Its bitcoin without computing power and any real diffirence that could be usefull.
I have no idea why litecoin is still a thing, its only merit is that it come second after bitcoin.
legendary
Activity: 3052
Merit: 1281
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December 11, 2016, 05:38:05 AM
I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
I mean it would be better with or without them Bitcoin would have no value at all ?
i feel without alt coin or other coin, bitcoin stable famous with huge price and many user
altcoin not effect at bitcoin

Altcoin serve as a medium of bitcoin, without altcoins bitcoin will monopolized crypto currency if that happens bitcoins value will be much more higher, in every product it must need some competencies so the supply and demand will not go higher and higher. more competitors the value will become lesser

But the problem is, competition is almost non-existence.  Have you seen merchants accepting altcoin  as many as merchants accepting bitcoins?  NO?  Because for more serious people, altcoin is a joke for them at least at this point.  And I think Bitcoin price is independent though there is a demand from altcoin community, but it is not a large as you think.  The sad fact is that, whenever this people who bought in altcoin bag a profit in bitcoins, they will immediately convert it to fiat making them to dump their bitcoin earning to the exchange.
sr. member
Activity: 308
Merit: 250
Too Weird to Live. Too Rare to Die...
December 11, 2016, 05:28:30 AM
I think bitcoin could had go on without alt coins, but the altcoins did create some new insights on how things could be done and given a chance to new users of cryptocurrency and it has certainly helped pumping the price of bitcoin in my opinion.
legendary
Activity: 3010
Merit: 3724
Join the world-leading crypto sportsbook NOW!
December 11, 2016, 05:16:02 AM
Bitcoin would still be king, Bitcoin is king, and Bitcoin will always be king regardless of any little retared brother that comes thinking its going to take the kings place.

It depends if the bitcoin is controlled by a small number of developers and if they have support from the big community.

Bitcoin is not controlled by anyone, bitcoin is a network which is just running and has no one behind it functioning it, it depends on the people in the network if where they take it by using it, if all of them stop using it then it becomes useless, and if more start using it then it gets more valued.

If that were 100 per cent true, then the question to ask is if anyone is using bitcoin less because they have switched over to altcoin. I don't think this has happened. Altcoin users for the most still use bitcoin primarily. I only know of one site merchant that accepts exclusively Alt (ETH). The knowledge and learning from alt dev has only boosted bitcoin.
sr. member
Activity: 1400
Merit: 420
December 11, 2016, 05:04:16 AM
I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
I mean it would be better with or without them Bitcoin would have no value at all ?
i feel without alt coin or other coin, bitcoin stable famous with huge price and many user
altcoin not effect at bitcoin

Altcoin serve as a medium of bitcoin, without altcoins bitcoin will monopolized crypto currency if that happens bitcoins value will be much more higher, in every product it must need some competencies so the supply and demand will not go higher and higher. more competitors the value will become lesser
hero member
Activity: 2744
Merit: 541
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December 11, 2016, 04:42:04 AM
Altcoin exist because of bitcoin and it's called Nature fate !
But AFAIK altcoin can't be stable compare if we trade with bitcoin so it's more risky trade altcoin rather than bitcoin

you are right alternate cryptocurrencies are made with the concept of bitcoin so basically without bitcoin alt coins don't exist and alt coin can't be the same with bitcoin when it comes to stability because some alt coins usually dumping because of lack of users I guess . but although alt coin trading is way more risky than bitcoin trading it's still a good source of income .
hero member
Activity: 1302
Merit: 540
December 11, 2016, 03:52:31 AM
No other digital cryptocurrency would win the market like bitcoins.where ever it is Ltc is standstill and dogecoin i think it s dead a long back .so its better bitcoins .
Maybe if they can develop other feauture that bitcoin cant give i guess they can have some edge but for sure bitcoin wont rely with it since bitcoin already established his value and used.
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