Topic: Can so many new alts affect of dilute Bitcoin investments? - page 2. (Read 996 times)
legendary
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maybe a little,as i see, altcoin created for trading purpose and their main purpose is NOT to be used for paying things,i've seen so many altcoin developed month by month but never see one of them trying to push their alts to be used for payment processor in few site
Many enthusiasts believe altcoins absolutely necessary, and think that they can not compete with developed infrastructure Bitcoin. However, it is not pleading that altcoins are an important part of the market cryptocurrency.
Decentralization is one of the most important goals of Bitcoin, but altkoiny improve further the process of decentralization cryptocurrency community. In addition altcoins help developers to experiment with unique characteristics.
Although Bitcoin can copy any innovation, if the community so desires and developers fully functioning altcoins It is much better laboratory for Bitcoins than test the Bitcoin network, since altcoins have a certain monetary value, in contrast to a test network. Finally, altcoins offer a healthy competition in the market cryptocurrency and thereby provoke Bitcoin developers remain active and continue to develop innovations. If part of the crypto community considers that the Bitcoin is outdated and no longer meets their needs, they can take altcoin.
Decentralization is one of the most important goals of Bitcoin, but altkoiny improve further the process of decentralization cryptocurrency community. In addition altcoins help developers to experiment with unique characteristics.
Although Bitcoin can copy any innovation, if the community so desires and developers fully functioning altcoins It is much better laboratory for Bitcoins than test the Bitcoin network, since altcoins have a certain monetary value, in contrast to a test network. Finally, altcoins offer a healthy competition in the market cryptocurrency and thereby provoke Bitcoin developers remain active and continue to develop innovations. If part of the crypto community considers that the Bitcoin is outdated and no longer meets their needs, they can take altcoin.
I would say that they are partially negative. The problem isn't the coins themselves, the problem are the people who are buying them in the hopes of 'making their dreams come true' (i.e. a lot of profit). 99% of those coins are useless and some were damaging to the 'investors' who bought them. Aside from that, I don't see it being a huge problem.
They might dilute the value in the short term, but looking further, it helps grow the crypto scene. New blood is coming in daily, and not always due to BTC, but it might lead them to BTC in the end.
It usually does do 'damage' in the short term. However, Bitcoin could benefit from a secondary coin that could be considered a 'success'. Additionally, some 'competition' might not bad that bad either.Most of the successfull alts are used for niche markets ..
The anonymity of Monero would be a example of that. 
With more than 400 casualties among the so called alternative coins I see no harm for bitcoin really. Nothing proved to be able to take its place in 8 years. Of course this may change but I think that if we will go through bad times again the community will prove intellegince rather then stupidity.
If you look at market cap there's is truly no comparison.
If you look at market cap there's is truly no comparison.
Well, there is the question. So many new coins and tokens being published on a weekly basis. Can all these coins affect BTC in any way? Can they drive investments away from BTC and if they can, what s the whole point? Personally, I am always for innovations but recently, I cant keep up with all these new opportunities and I do not think the market s wide enough to let all of these coexists.
There are a few alts out there that are worthy of being taken note of, but given that there are hundreds of alts, I would say most can be ignored.
I am sure that some quality coins will ultimately die due to lack of interest, but plenty of other pretty scammy ones will reach $100mill market cap too!
Basically, look at the highest cap coins, and keep your eyes open for new tech, or interesting ICOs. Otherwise I don't think you are missing anything.
Depends on the type of investors who are interested in these type of tokens and alts. Talking about DAO, i think it have helped to catch some fresh fiat from all over the world as its been on news several time and even ordinary man try to get his hand into this. Now after it will be relased for trading lots of panic sellers will dump their DAO than convert to eth and again that eth to bitcoin that may increase the demand and we will have nice price for bitcoin halving party.
They won't massively affect bitcoin valuation. Only the behemoths like ether and to some extent litecoin can make a potential dent, but then again, ether also drew in a LOT of capital from outside of the current crypto scene.
They might dilute the value in the short term, but looking further, it helps grow the crypto scene. New blood is coming in daily, and not always due to BTC, but it might lead them to BTC in the end.
Most of the successfull alts are used for niche markets where bitcoin has no place anyway and finally, the market caps may be quite high, but with the low liquidity, it is mostly bullshit anyway and any selling may drive the price down tremendously.
They might dilute the value in the short term, but looking further, it helps grow the crypto scene. New blood is coming in daily, and not always due to BTC, but it might lead them to BTC in the end.
Most of the successfull alts are used for niche markets where bitcoin has no place anyway and finally, the market caps may be quite high, but with the low liquidity, it is mostly bullshit anyway and any selling may drive the price down tremendously.
the only effect these new coins have on bitcoin is that it helps a few of the experienced traders to make more bitcoin and that is all.
also i have to say it doesn't matter how many of these new coins are being created as long as there is something shady going on with them like pump and dump, IPO, ICO, and a lot more they will just die after a while.
also i have to say it doesn't matter how many of these new coins are being created as long as there is something shady going on with them like pump and dump, IPO, ICO, and a lot more they will just die after a while.
Well, there is the question. So many new coins and tokens being published on a weekly basis. Can all these coins affect BTC in any way? Can they drive investments away from BTC and if they can, what s the whole point? Personally, I am always for innovations but recently, I cant keep up with all these new opportunities and I do not think the market s wide enough to let all of these coexists.
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