Do we Need Altcoin? - page 148. | Bitcointalksearch.org

cryptokitty

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Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Yes, i do believe we still need altcoins. I also have some experiences that i get some profits with alts rather than btc. So i believe we all need alts specially those alts that are currently started to bloom from ICO.

binting

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Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

I think that really need the altcion on time now. Now that super high the price of bitcoin and altcoin. This beautiful rose for the life of the people. I hope to learn it all for all of us up the life

CherRic

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Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Yes, we need other altcoin. The price is bitcoin is really high and if you invest, some cannot afford it so they chose other altcoin as investment. Also to provide the users many options in the market, altcoins are needed. And we cannot control the appearance of many altcoins because this is a competition.

BureauChef

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Quote from: Drnice on December 09, 2017, 04:44:11 PM

Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Other Altcoins are still needed or useful as the case maybe. These coin mentioned above are the forked coins of bitcoin, which has no power to over wealm other coins like ETH or LTC, cause these has gain weight in the crypto market, while these new forked coins are not up to some months.
For me, other altcoins are still needed other than bitcoin forked coins.

We have bitcoin but it's not enough, it's just the most precious piece of the crypto market. It's not functional that much compared to other altcoins. That's why we need them all besides bitcoin.

Dakshkapoor

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Yes, We really need ALTCOINS. I think that we really need ALTCOINS because ALTCOINS have many benifits ina people's life. It can be used to invest our money for long term investments in order to secure our future. Now the market value had also increased to a high extent and i am sure that in coming year it will give good competition to the BITCOINS. These ALTCOINS can also be used to buys our daily assets and it is pretty easy. There is the regular growth of crypto currency that is why it is being accepted by the good amount of population.

shaun98

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I think altcoins are a necessity, as each altcoin has its own use case, and it also adds competition to the market, thus better products are made.

MIV.matteo

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Certainly the greatest usefulness of altcoin is for their functionality. Every day more interesting coins are designed for a specific purpose. I really like the idea of decentralization in many fields such as entertainment and electrical energy so yes, altcoin are very useful

Drnice

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Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Other Altcoins are still needed or useful as the case maybe. These coin mentioned above are the forked coins of bitcoin, which has no power to over wealm other coins like ETH or LTC, cause these has gain weight in the crypto market, while these new forked coins are not up to some months.
For me, other altcoins are still needed other than bitcoin forked coins.

maimainguyen05

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Of course we need altcoin in this cryptocurrency world

). If there is only Bitcoin, cryptocurrency world will be very boring, people only have 1 choice to invest in. Beside trader only can trade with Bitcoin only and maybe they will stop trading if all other altcoin will not avaiable anymore

).

Gabb

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It is true that there is a lot of garbage in the market, but there is a wisdom inherent in it that allows that such a long list of altcoins to be gradually purified, and only a few remain in the preferences of the users.

Personally, I am in favor of the current predominance of altcoins, as many of them are developing innovations that push technology towards new limits that we would not have imagined a few years ago, and this usually results in better features, lower costs and greater efficiency in transactions.

Snaic

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I think that we really need altcoys. Almost all altcoins are produced as a result of ICO for use in a particular trade, services, banking and others. Altkoins function in their narrow sphere and benefit people there. Bitcoin is a universal crypto currency and can not perform those specific functions that altcoyins perform.
In addition, altcoins are also needed to create competition among the crypto currency, and it is healthy competition that contributes to the improvement of each type of crypto currency. Imagine what would happen if bitkoyn was alone and there were no other crypto currency at all. Would he have the throughput of seven transactions per second, as now, and the developers would not want to increase it. And we would turn in line with our transactions. And now, if bitkoyn does not cope anymore, branches with these improvements appear and if bitkoyn wants to remain a leader, he will be forced to improve.

justdimin

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Quote from: commanderbitcoin on December 06, 2017, 03:31:29 AM

Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Yes we still need altcoins. Many altcoins have their own specific features that bitcoin and other altcoin don't have. For example ethereum, it has a feature of smart contract where you can make another coin or token on top of it. Other altcoin focus their technology on advertisement, power generation, cloud service and so much more.

That is generally the point. Some altcoins are not necessary and they won't obviously last anyway, so no need to bother much about them. However, some alts are totally backed by a different project from that of bitcoin which makes them extremely useful in the long run. The blockchain technology is open source and we cannot expect not to have Alts, however, the main essence is to have different currencies that can serve different purposes.

0o

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Well, Bitcoin is technically unfit to work for mass adoption - we need altcoins to try new ways and technologies.

Trimegistus

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For the last couple years, altcoins have been the true engine developing the crypto world. If we only had BTC, crypto trading and mining would still be just a game for a small bunch of nerds.

On the other hand, many altcoins have brought significant technical innovations that will grow tremendously in the future, like PoS.

Therefore, the conclusion is obvious, we need altcoins, but only a few really good ones and not hundreds of scam coins.

birra guzez

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Yes we certainly still need those altcoins because bitcoin is market capped by 21 million bitcoins and not 1 more will be produced so people won't be able to get hand on it once it's production stops . Also these other coins are made for other diversities of purposes and fields and are made out of ethereum which is a very useful altcoin and has a meaning unlike hundreds of other altcoins which were made just to get on the pump and dump game .

Ranly123

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Quote from: bit-emperor on November 23, 2017, 05:39:30 AM

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Bitcoin price is too high when you start to invest in cryptocurrency. Altcoin were created i think for investors to have alternatives to start their investments with less assets and could possibly grow the profit higher than when you buy bitcoin alone. In my opinion that would be the reason why altcoins was created.

Wingo

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There are some coins that we need and there are a ton of coins that are just trash. Bitcoin today has many disadvantages, first is the increased volatility and next is the increasing fees and the slow confirmation of transactions. We need alts in order for the people to have options to choose a better coin for a specific purpose.

bribed

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Of course altcoins have a right to exists as well. There are different use cases for altcoins, most are not competing with Bitcoin and dont want to serve as a currency. Many got totally different use cases and features. I think alts are very good for prosperity of the cryptospace, but on the other hand I think that there are too much sh*tcoins out that get too much attention. Its getting more hard to keep oversight.

Borin

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