Bitcoin without Altcoin ? - page 27.

n691309

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Quote from: dharkmadder on September 30, 2016, 06:51:21 AM

I think bitcoin would be the same and would maintain it's popularity without altcoins and wouldn't have that much of an impact, The opposite is almost impossible IMO at least how we see it right now since altcoins is still priced mostly just for BTC.

I don't think so because without altcoins bitcoinwill jot have this popularity, and start from the forum where most of the activity is focused.

dharkmadder

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I think bitcoin would be the same and would maintain it's popularity without altcoins and wouldn't have that much of an impact, The opposite is almost impossible IMO at least how we see it right now since altcoins is still priced mostly just for BTC.

danherbias07

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Quote from: Red-Apple on September 28, 2016, 09:31:51 AM

the existence of altcoins is good because they are mostly there to help and experiment on where bitcoin is not changing. for example we can take a lot of lessens from the mistakes of altcoins like the hard fork of ethereum and the disastrous two chains.

and also having some kind of competition is always good to force the developers to up their games and work harder even if the competition is small.

Thank you for the good explanation. Yes indeed it is good for bitcoin economy to have a competitive altcoin but still it is getting hard to trust some alts because a lot of disaster is happening with them. I wont say bitcoin is perfect but to reach the point to where it is now will be a long time for them to catch up.

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Altcoins are just copy/clones of bitcoin and don't offer much expect ETH, XMR etc so even without altcoins existance, price of bitcoin may not be effected much.

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the existence of altcoins is good because they are mostly there to help and experiment on where bitcoin is not changing. for example we can take a lot of lessens from the mistakes of altcoins like the hard fork of ethereum and the disastrous two chains.

and also having some kind of competition is always good to force the developers to up their games and work harder even if the competition is small.

haankoammu

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Bitcoin would easily persist and remain even if altcoins are no longer used, but the opposite is difficult IMO, Altcoins are so dependent on bitcoin in even there pricing that they need it, BTC would easily maintain itself without altcoins though.

legdunes

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Altcoins (maybe with the exception of Litecoin) have done nothing for BTC apart from ridicule it. The same rinse and repeat is just absurd and offensive.

Some have names such as solar panel project coin I mean come on.

We could do with a completely different design of coin, trying to slightly improve Bitcoin is of no use, revolutionise or stay away.

Doamader

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The altcoins are the only way for anyone of us became rich, as some people went in the past at bitcoin, sure there are amazing coins with several new things around them, but in the end you dont trade altcoins without the wish to grow your bitcoin portfolio.

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Quote from: Kasmonian on September 28, 2016, 03:07:58 AM

Quote from: ObscureBean on September 25, 2016, 08:34:19 AM

Quote from: piloder on September 25, 2016, 05:25:01 AM

Having altcoin means few of the marketcap that bitcoin could have going towards altcoins marketcap. So if there were no any altcoins than bitcoin marketcap could have been bit higher and also same for price.

Quite the opposite, altcoin provide an incentive for people to convert their dollars to Bitcoin because most altcoins are only tradable against Bitcoin. Altcoins bring a lot of new people to crypto and this is beneficial for Bitcoin. I don't think Bitcoin price would be anywhere near what it is today if there were no other cryptocurrency.

That is right. The altcoin attract more people as there are so many of them. When they know the altcoin, they will love bitcoin.

Correct, altcoin do make important role on increasing bitcoins adoption since those altcoin is dependent to bitcoin for able to be trade which people would definitely pass first to bitcoin after they purchase the said altcoin then it would be a good publicity to bitcoin.

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Quote from: Kasmonian on September 28, 2016, 03:07:58 AM

Quote from: ObscureBean on September 25, 2016, 08:34:19 AM

Quote from: piloder on September 25, 2016, 05:25:01 AM

Having altcoin means few of the marketcap that bitcoin could have going towards altcoins marketcap. So if there were no any altcoins than bitcoin marketcap could have been bit higher and also same for price.

Quite the opposite, altcoin provide an incentive for people to convert their dollars to Bitcoin because most altcoins are only tradable against Bitcoin. Altcoins bring a lot of new people to crypto and this is beneficial for Bitcoin. I don't think Bitcoin price would be anywhere near what it is today if there were no other cryptocurrency.

That is right. The altcoin attract more people as there are so many of them. When they know the altcoin, they will love bitcoin.

Yes....plus the altcoin world creates a lot of buzz that attracts more people to the community. Once they're hooked, they're gonna need bitcoin to get started. When TV programs about cryptocurrencies (like the mini-series "Start Up" on Crackle) get people curious, more people adopt bitcoin to see what all the excitement is about.

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Quote from: ObscureBean on September 25, 2016, 08:34:19 AM

Quote from: piloder on September 25, 2016, 05:25:01 AM

Having altcoin means few of the marketcap that bitcoin could have going towards altcoins marketcap. So if there were no any altcoins than bitcoin marketcap could have been bit higher and also same for price.

Quite the opposite, altcoin provide an incentive for people to convert their dollars to Bitcoin because most altcoins are only tradable against Bitcoin. Altcoins bring a lot of new people to crypto and this is beneficial for Bitcoin. I don't think Bitcoin price would be anywhere near what it is today if there were no other cryptocurrency.

That is right. The altcoin attract more people as there are so many of them. When they know the altcoin, they will love bitcoin.

ObscureBean

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Quote from: piloder on September 25, 2016, 05:25:01 AM

Having altcoin means few of the marketcap that bitcoin could have going towards altcoins marketcap. So if there were no any altcoins than bitcoin marketcap could have been bit higher and also same for price.

Quite the opposite, altcoin provide an incentive for people to convert their dollars to Bitcoin because most altcoins are only tradable against Bitcoin. Altcoins bring a lot of new people to crypto and this is beneficial for Bitcoin. I don't think Bitcoin price would be anywhere near what it is today if there were no other cryptocurrency.

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Quote from: myferrari on September 25, 2016, 06:40:42 AM

Quote from: John Constantine on September 20, 2016, 02:46:12 PM

Without the alts, some people would have very few btcs, because many of them obtained the btcs mainly by mining different altcoins and selling them for btc in the market.

Yes, especially altcoin devs, there are many scammers dec there, after dumping the premined coins or get ico funds, abandon altcoin projects, make investors poor.

That is the latest scam that have been happening a lot lately. One did it and the other will be following it. This will never stop as long as they know there is a lot of money that can be profited from it. Just look how many alt coins are there now. Tthat also makes other good alts be bad at the view of some people.

myferrari

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Quote from: John Constantine on September 20, 2016, 02:46:12 PM

Without the alts, some people would have very few btcs, because many of them obtained the btcs mainly by mining different altcoins and selling them for btc in the market.

Yes, especially altcoin devs, there are many scammers dec there, after dumping the premined coins or get ico funds, abandon altcoin projects, make investors poor.

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Quote from: John Constantine on September 20, 2016, 02:46:12 PM

Without the alts, some people would have very few btcs, because many of them obtained the btcs mainly by mining different altcoins and selling them for btc in the market.

Yeah, all people only use 1 crypto coin and it's only bitcoin. Bitcoin without altcoin, i think it's good for bitcoin, the bitcoin's price also increase because of that.

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Quote from: Mr. Green on September 20, 2016, 04:54:03 PM

Alts are fine. Too many noobs are thinking that they will be the one who is going to make the new crypto to replace bitcoin, yet all fails every time. This is amusing to watch in a way. All those pumps and dumps and those trapped people... the Drama is real.

The ones who think any alt can replace bitcoin would surely be a fool, it all depends on demand, look at the users database of bitcoin and then have a look at other cryptos, combine all other alts users databases and they still will be nothing in compared to bitcoin, and all other coins are being used just because of bitcoin.

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Quote from: BitMaxz on September 25, 2016, 05:54:05 AM

Quote from: machinek20 on September 25, 2016, 04:22:48 AM

Quote from: springgers on September 25, 2016, 04:11:39 AM

Quote from: Mr. Green on September 20, 2016, 04:54:03 PM

Alts are fine. Too many noobs are thinking that they will be the one who is going to make the new crypto to replace bitcoin, yet all fails every time. This is amusing to watch in a way. All those pumps and dumps and those trapped people... the Drama is real.

Do you think Bitcoin always will be the Gold of cryptos?
Some alts have a good point, and some are just trash, trap, pump and dump... But yeah, some alts can change the world like bitcoin are doing but in another way.

We still dont know how long bitcoin can survive, who knows someday bitcoin fall down, if we dont have any alts to backup then its the end of cryptocurrency world, and then alt coin has help bitcoin to become more stable because its being used by traders, so the transaction flow become faster

Yeah your right this is one of the good thing why we are also have altcoins they are making a clone of bitcoin that has more features than bitcoin.. if bitcoin will be die soon we can use other altocoin for any transaction if bitcoin will die. but if it will happen i am sure that many companies will regret why they are holding bitcoin instead of other currency here online.
In this case i think its impossible that bitcoin will be die in the future. unless if internet is gone..

well, yeah. if you are going to think that way you should also think that we don't know how long anything is going to last for! the world as we know it may fall apart because of apocalypse or the financial world can collapse because of the financial crisis that everybody is speculating about and fiat likes us dollar can become worthless.

so it all comes down to the chance of any of these happening. there is a lot of potential in bitcoin so we can know to some extent how long it can last for.

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Quote from: machinek20 on September 25, 2016, 04:22:48 AM

Quote from: springgers on September 25, 2016, 04:11:39 AM

Quote from: Mr. Green on September 20, 2016, 04:54:03 PM

Alts are fine. Too many noobs are thinking that they will be the one who is going to make the new crypto to replace bitcoin, yet all fails every time. This is amusing to watch in a way. All those pumps and dumps and those trapped people... the Drama is real.

Do you think Bitcoin always will be the Gold of cryptos?
Some alts have a good point, and some are just trash, trap, pump and dump... But yeah, some alts can change the world like bitcoin are doing but in another way.

We still dont know how long bitcoin can survive, who knows someday bitcoin fall down, if we dont have any alts to backup then its the end of cryptocurrency world, and then alt coin has help bitcoin to become more stable because its being used by traders, so the transaction flow become faster

Yeah your right this is one of the good thing why we are also have altcoins they are making a clone of bitcoin that has more features than bitcoin.. if bitcoin will be die soon we can use other altocoin for any transaction if bitcoin will die. but if it will happen i am sure that many companies will regret why they are holding bitcoin instead of other currency here online.
In this case i think its impossible that bitcoin will be die in the future. unless if internet is gone..

Herbert2020

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Quote from: machinek20 on September 25, 2016, 04:22:48 AM

Quote from: springgers on September 25, 2016, 04:11:39 AM

Quote from: Mr. Green on September 20, 2016, 04:54:03 PM

Alts are fine. Too many noobs are thinking that they will be the one who is going to make the new crypto to replace bitcoin, yet all fails every time. This is amusing to watch in a way. All those pumps and dumps and those trapped people... the Drama is real.

Do you think Bitcoin always will be the Gold of cryptos?
Some alts have a good point, and some are just trash, trap, pump and dump... But yeah, some alts can change the world like bitcoin are doing but in another way.

We still dont know how long bitcoin can survive, who knows someday bitcoin fall down, if we dont have any alts to backup then its the end of cryptocurrency world, and then alt coin has help bitcoin to become more stable because its being used by traders, so the transaction flow become faster

the only reason why any of the altcoins exist is that bitcoin is open source with a free to use (MIT) license and also the fact that price of bitcoin went from nothing to $1200 from that day everybody is thinking about making a new coin with nothing to offer and make money from the pump and dump of it. but they forget that things never work this way.

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Quote from: piloder on September 25, 2016, 05:25:01 AM

Having altcoin means few of the marketcap that bitcoin could have going towards altcoins marketcap. So if there were no any altcoins than bitcoin marketcap could have been bit higher and also same for price.

Yup that's it's true. all those who have altcoin will be able to use the bitcoin or folding the duplicate bitcoin. because altcoin is one of the things that can give us a very good gains in the bitcoin. So, this is indeed something true and can not remove the

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