There always will competitors like Litecoin and Dogecoin but bitcoin have strong position
The litecoin and Dogecoin are not major competition to bitcoin. They are just the clones, not much value in them.
Topic: Competition of BTC - page 2. (Read 3455 times)
The litecoin and Dogecoin are not major competition to bitcoin. They are just the clones, not much value in them.
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
Biggest competitors were litcoin or Dogecoin. But not any more. These two are just clones of Bitcoin. The new biggest competitor is Ethereum.
The price is $4.5 now. Any reason for the big rise recently? I think it has risen too fast, too high.
probably a bubble, it will bust at some point, it is already in the "busting zone", i would invest a smaller % for now, it can go higher though...
I've thought about it when it was at around $2 but it didn't burst and did the opposite. Now, it's hard to buy in due to the bigger possibility of a dump. Wondering though if that'll actually happen within the next few days or so.
If we keep on calling it a bubble, it will burst one day. I sold some at $1.5 and sold most at $2.5. Now it is higher.
Bitcoin is the cryptcurrency that has evolved first and still growing. Following this based on bitcoins technology other alternative currencies came into existence and now trying to overcome bitcoin which is the master of crypts, that is not possible anytime
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
Biggest competitors were litcoin or Dogecoin. But not any more. These two are just clones of Bitcoin. The new biggest competitor is Ethereum.
The price is $4.5 now. Any reason for the big rise recently? I think it has risen too fast, too high.
probably a bubble, it will bust at some point, it is already in the "busting zone", i would invest a smaller % for now, it can go higher though...
I've thought about it when it was at around $2 but it didn't burst and did the opposite. Now, it's hard to buy in due to the bigger possibility of a dump. Wondering though if that'll actually happen within the next few days or so.
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
Biggest competitors were litcoin or Dogecoin. But not any more. These two are just clones of Bitcoin. The new biggest competitor is Ethereum.
The price is $4.5 now. Any reason for the big rise recently? I think it has risen too fast, too high.
probably a bubble, it will bust at some point, it is already in the "busting zone", i would invest a smaller % for now, it can go higher though...
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
Biggest competitors were litcoin or Dogecoin. But not any more. These two are just clones of Bitcoin. The new biggest competitor is Ethereum.
The price is $4.5 now. Any reason for the big rise recently? I think it has risen too fast, too high.
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
Biggest competitors were litcoin or Dogecoin. But not any more. These two are just clones of Bitcoin. The new biggest competitor is Ethereum.
There always will competitors like Litecoin and Dogecoin but bitcoin have strong position
very interesting thread, first of all.
I still like Peercoin and I still think PoS coins can be good if well developed.
I used to like NXT but now it seems not so healthy: NXT markets were a plus.
I agree with who says that ETH is too sophisticated: maybe we still don't realize its true potential. Anyway, I think BTC rules the game and will continue to do so.
I still like Peercoin and I still think PoS coins can be good if well developed.
I used to like NXT but now it seems not so healthy: NXT markets were a plus.
I agree with who says that ETH is too sophisticated: maybe we still don't realize its true potential. Anyway, I think BTC rules the game and will continue to do so.
I don't like POS for one reason alone, and that is that the cold wallets of the exchanges are staking huge numbers of coins and they end up dumping them on the people who deposited the coins. I personally think there isn't a coin that can compete with Bitcoin in ANY way. Other coins might have better features and faster confirmation times, but still, Bitcoin is the all time nr1.
So we should not put too much PoS coins in the exchanges. After we buy it, we should withdraw it to our own wallet.
very interesting thread, first of all.
I still like Peercoin and I still think PoS coins can be good if well developed.
I used to like NXT but now it seems not so healthy: NXT markets were a plus.
I agree with who says that ETH is too sophisticated: maybe we still don't realize its true potential. Anyway, I think BTC rules the game and will continue to do so.
I still like Peercoin and I still think PoS coins can be good if well developed.
I used to like NXT but now it seems not so healthy: NXT markets were a plus.
I agree with who says that ETH is too sophisticated: maybe we still don't realize its true potential. Anyway, I think BTC rules the game and will continue to do so.
I don't like POS for one reason alone, and that is that the cold wallets of the exchanges are staking huge numbers of coins and they end up dumping them on the people who deposited the coins. I personally think there isn't a coin that can compete with Bitcoin in ANY way. Other coins might have better features and faster confirmation times, but still, Bitcoin is the all time nr1.
very interesting thread, first of all.
I still like Peercoin and I still think PoS coins can be good if well developed.
I used to like NXT but now it seems not so healthy: NXT markets were a plus.
I agree with who says that ETH is too sophisticated: maybe we still don't realize its true potential. Anyway, I think BTC rules the game and will continue to do so.
I still like Peercoin and I still think PoS coins can be good if well developed.
I used to like NXT but now it seems not so healthy: NXT markets were a plus.
I agree with who says that ETH is too sophisticated: maybe we still don't realize its true potential. Anyway, I think BTC rules the game and will continue to do so.
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
Biggest competitors were litcoin or Dogecoin. But not any more. These two are just clones of Bitcoin. The new biggest competitor is Ethereum.
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
at this point there is not a single altcoin that offers bitcoin some competition. bitcoin is light years ahead of any coin in terms of adoption, money being invested in the technology that powers bitcoin and so on. i think if something happens with bitcoin in the future, of course i don't hope it will, then i am fairly sure that litecoin will get most of the attention of the community.
Bitcoin always have competition, but it some points Bitcoin is yeaser way to invest or sold high price. Biggest competitors are Litecoin or Dogecoin.
The only one worth watching is Dash
Ethereum could be big one day but right now its too small. It needs time to evolve.
Ethereum could be big one day but right now its too small. It needs time to evolve.
Isn't DASH "instamineable"?
It was instamined before according to many reports. But it is very difficult to mine now. The difficulty is very high. Not much profit to be made in mining.
I mostly agree.
Even though I speculate in alt coins, I think Bitcoin will remain king for quite some time- if not eternity. To stay king for eternity it will need to learn how to adapt better... the block size debate has been ridiculous, and that is only the beginning as far as necessary changes that will be highly contested...
The only one worth watching is Dash
Ethereum could be big one day but right now its too small. It needs time to evolve.
Ethereum could be big one day but right now its too small. It needs time to evolve.
Isn't DASH "instamineable"?
I mostly agree.
Even though I speculate in alt coins, I think Bitcoin will remain king for quite some time- if not eternity. To stay king for eternity it will need to learn how to adapt better... the block size debate has been ridiculous, and that is only the beginning as far as necessary changes that will be highly contested...
The only one worth watching is Dash
I concur with DASH
Dash is the court jester of the altcoin subforum.
This is what I consider my expertise... I have spent the past couple(ish) years in the altcoin subforums. These are my current picks.. plus ETH once it comes back down to earth and the pump is over... and plus Zcash once it is out of alpha
I am ~50% in BTC and ~50% evenly in everything else.
BTC (Bitcoin) - Network Effect; Most Secure PoW Currency; Many Wallets and Services
bitBTC (Bitshares) - Derivative of Bitcoin
BTS (Bitshares) - Decentralized Exchange; Derivative Trading; User Issued Assets; Fast Confirmation Times; Dynamic Account Permissions (improved multi signature addresses); Referral Program; Stakeholder Approved Project Funding; Readable Account Names; Voting
LTC (Litecoin) - Network Effect; More Wallets and Services Than Most Cryptocurrencies
BKS (BlockShares) - Decentralized Exchange; Bitcoin Dividends
NSR (Nushares) - Market Pegged FIAT Cryptocurrencies; Pays PPC Dividends
bitGOLD (Bitshares) - Derivative of Gold; Traditional "Safe Haven"; FIAT/Cryptocurrency/Inflation Hedge
SJCX (Storj) - Decentralized Data Storage
OBITS (Open Ledger) - Bitshares On/Off Ramp; Order book and reserves on the blockchain for easy auditing; Sharebot; Debit Card
bitSILVER (Bitshares) - Derivative of Silver; Modern "Safe Haven"; FIAT/Cryptocurrency/Inflation Hedge
NXT (Nxt) - Asset Exchange; Marketplace; Monetary System; Private Messaging; Alias System; Instant DEX; Multigateway
XMR (Monero) - Ring Signatures; Anonymity; A nice army of shills on BCT, which makes for good exposure
MAID (Maidsafe) - Decentralized Data Storage; Secure Log In
UNITY (SuperNet) - Multi-Cryptocurrency Wallet; Instant DEX; Multigateway; Telepods; Decentralized Market Decentralized Dice/Poker
SIA (Siacoin) - Decentralized Storage
XCR (Crypti) - Decentralized Javascript Programs
Why I own more Bitcoin than anything else:
I see it as being less risky than alternative currencies. It has a strong network effect (which dwarfs all alternative cryptocurrencies combined), the strongest (it's not even close) liquidity and volume, and a solid list of services, wallets, etc...
Why I own more coins from "long established" cryptocurrencies (or will eventually own.. my portfolio isn't exactly the way I'd like it right now):
I think that network effects are very powerful, and as a community grows so does a coin's utility, volume, liquidity, word of mouth, etc..
Why is each coin (except for Bitcoin) less thank 6% of my portfolio?
I see alternative cryptocurrencies as being quite risky, and I can't quite put my finger on exactly which ones will be the most valuable in the future. I prefer to pick general industry leaders that have a chance of becoming big time, and investing a small percentage in each one.
I personally would only invest in very few cryptocurrencies purely for the reason of them having a network effect. Those currencies would probably be BTC, LTC, PPC, and DOGE. Network effect drops off dramatically as you go to each lower tier. Bitcoin has much more network effect than the closest 3 coins combined. It is Bitcoin that is in the news all day and every day.
Most of the alternative cryptocurrencies I have chosen have (or are in the process) of innovating in some way. I try to stay away from copy and paste coins, and when I do buy copy and paste coins.. I only buy them in the "top tier" of network effects (see above).
I also think a fair release is pretty important, along with a solid set of active developers that back the project. Without a fair release the crypto enthusiasts can't get behind it- there is maybe only a couple exceptions I can think of. I posit crypto enthusiasts played a large role in Bitcoin's success. Also, without solid, dedicated, and active developers a cryptocurrency is doomed before it is launched.
I see long term value in Ethereum, but I did not invest in the IPO and expect the price to come back down to earth eventually. You will notice I invested in a similar project Crypti, which is much more undervalued at the moment. I generally stay away from IPO coins and new releases for around a year to see how the price is moving, the coin is developing, and how the community develops. Most coins in my portfolio I only purchased after long downtrends.
I currently have my portfolio weighted more heavily towards innovations having to do with decentralized exchanges than any other feature. I am not sure if this will change. I also see a lot of value in decentralized programming languages and data storage.
inb4 this thread gets moved...
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