Topic: Do you see alts have chances against Bitcoins? - page 25. (Read 51050 times)
i don't believe that any other altcoins can challange bitcoin ever but some of them have a good chance and advantage of being as alternative for another investment opinion.
I think in the long haul, there will sure be alternative cryptocurrencies that will overcome bitcoin, but they then might not be called "alternative" anymore, they will be just a cryptocurrencies as well. I think bitcoin is a great thing and has the first mover advantage plus proven tech, but it has huge problems as well (scalability, transaction cost, speed). This are things that can be solved by newer emerging cryptos and this likely will be the case sooner or later. Im very curious how this market looks in 10-15 years.
I think it's natural, because bitcoin mining is now very difficult to get results, maybe because bitcoin prices are very high right now, so many people divert their mines into altcoin, I think altcoin is more profitable to mine than bitcoin.
Maybe you're right, but don't forget that bitcoin price is always increase more than any other altcoin, so you can see the volatility of the price is too big compared to other alternative cryptocurrencies. Currently, I didn't see any chance for altcoin against bitcoin, because there is a big difference in many things like potential and price.
Of course, all altcoins have the opportunity to defeat bitcoin, for example the ethereum that hundreds of tokens can use, if it adds up, the marketcap of all tokens using ethereum has beaten the bitcoin.
I believe that bitcoin will be much more famous in 5 years and the price will also be really high.
I think it's natural, because bitcoin mining is now very difficult to get results, maybe because bitcoin prices are very high right now, so many people divert their mines into altcoin, I think altcoin is more profitable to mine than bitcoin.
I am optimistic about alts even before this situation arise. Not just companies, I have seen many people have now started investing in promising altcoins which has comparative lower fees as of now. That is the reason why new currencies like Byteball or zcash has risen up quickly.
Bitcoin will be replaced by any altcoin one day. Probably after 2023 when the mining will be finished. A new coin will have to take its place otherwise what will happen to the mining equipment people have bought. They will have to make a good use of it. So they will start mining altcoins and market dynamics will change automatically.
Bitcoin will be replaced by any altcoin one day. Probably after 2023 when the mining will be finished. A new coin will have to take its place otherwise what will happen to the mining equipment people have bought. They will have to make a good use of it. So they will start mining altcoins and market dynamics will change automatically.
I learned about this discussion board but I wasn't certan how to join a campaign and begin generating btc from this and then my pal guided me about this and i'll be usually grateful to him.i
Litecoin is a fine coin, probably the next big thing compared to Bitcoin, but you fail to realize that it is rejuvenated only because imminent SegWit activation.What will happen in a month when traders will get bored with LTC because they will find a point LTC can't be pumped anymore?
Another thing, when SegWit will be proven and tested I believe that Bitcoin will follow with scaling upgrade somehow and that will destroy all altcoin opposition.
No, altcoins are created as substiture for bitcoin but not replacement. Because of the excellent performance of the company and management of the bitcoin they become successful in field of electronic banking; through this they cannot be beaten by other altcoin in this industry.
Woah! Hold your horses mate. What's up with the 'company and management of the Bitcoin' phrase right there. What are you even saying, Bitcoin is decentralized, no one controls it. And for what its worth, Altcoins are not substitutes, they are as the same level as Bitcoin, but it turned out that Bitcoin have been the very first of the Cryptocurrencies, so it has been known ever since. And by that, it started to gain its reputation and now its price is as crazy a buffoon. I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
General answer No
most of altcoins have no chance But BCH have a chance (it is against bitcoin from now ), ETH will be against in future (3-5 years).
LTC & DASH will be after (10-12 years) others No.
It is the origin of all crypto and no one can beat the original and because of its reputation and popularity. Some altcoins are being compared to bitcoin wherein they are saying that it can replace bitcoin lets face the reality that it will not happen. ETH will be the next BTC it may not go up to same level but for sure it will remain the second of all.
There is a huge numbers of users using and heavily trading bitcoins daily, Ethereum is a good choice as an altcoin but I don't see it taking over the place of bitcoin at the moment unless there is a huge switch of bitcoin users going into Ethereum suddenly.
I think no other alt coins can against bitcoin unless there is major security fraud.
Basically, the price of all other coins are going in the same direction as bitcoin. However, the performance of the major alt coin (e.g. ETH and LTC) will continue outperform bitcoin base on the trend this year
Basically, the price of all other coins are going in the same direction as bitcoin. However, the performance of the major alt coin (e.g. ETH and LTC) will continue outperform bitcoin base on the trend this year
Bitcoin needs too much electricity. I hope more efficient alts take over bitcoin.
It make for a nice excuse for Japanese government to put nuclear plants back to work.
It make for a nice excuse for Japanese government to put nuclear plants back to work.
I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
I don't find anything relative to grow high against bitcoin. I believe that altcoins will continue to grow along with bitcoin. Alts will be continuing to serve as an trading token as bitcoin was used in the earlier days. Later got more marketplace acceptance for bitcoin, in similar manner altcoins might grow in the future.
I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
Oh, this is already in progress. We are a victim of our success with the price. These price levels are great for the wallet, but growth like this is harming us with with being unsustainable, and with the effect on the fees. The congestion in these times (price spikes with a lot of media coverage) exacerbate the fee situation even further, making folks compete with increasingly higher bids for fees.
ETH is poised to take the "practical economy" away from BTC, in my opinion. Lower fees, much faster, and the ERC token economy is fostering an amazing amount of adoption on that chain.
We need to innovate, or fall behind.
the idea of cryptocurrency is very interesting and maybe some altcoin will be better than bitcoin, but there is no such probability at the moment
Maybe after bitcoin is not famous anymore, then it will be the time that an alternate coin could surpass bitcoin. Bitcoin is hard to go against since it is the root of all alternate coins we see in this forum, altcoin section. Give alternate coins a time and it maybe goes higher that bitcoin.
I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
I dont think alts can be a rival in value to bitcoin. They may have the potential rising in value but i dont think it can defeat bitcoin’s value. Bitcoin has gone too far already to be reached by other altcoins.Yeah i agree.
But it depends on what you look at. Value per coin might not be surpassed.
But in terms of stability, transactiosn speed, anonymity there are other players at hand
Bitcoin supporters are very big, it was recognize as the father of all coins so when a certain altcoins will be popular, bitcoin popularity will also increase.
I don't think very many alts have a chance of success, but it depends on what you define as success. If you buy them to one day increase your Bitcoins then this is maybe a failure. If you use them to invest or for POS then maybe there can be some gains. In the long term I dont think they will increase in Bitcoin Value so its best to buy them with $USD. In that way I believe you will have a lot of success.
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