Do you see alts have chances against Bitcoins? - page 51.

Fatanut

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Quote from: 27QVUTZj8rgZP1 on May 26, 2017, 09:26:44 AM

Quote

Do you see alts have chances against Bitcoins?

[1]Yes, especially due to the increasing uselessness of Bitcoin. Currently, I have to pay $2 fee to make a simple transaction of < 300 bytes.

Sites are currently adapting to pay their users in Bitcoin. [2]Some sites once offered withdrawal at $1, then increased to $5, and now it is over $20.

Soon, [3]people may start requesting payment in another coin, or just use Payza, Paypal, etc.

[4]It seems like Bitcoin is turning into something contrary to its intended purpose. I feel scammed, and I am not even investor just a user.

[1] One thing, Bitcoin's transaction fee doesn't make bitcoin more or less useful than before. Bitcoin has achieved its value because it's utilitarian. People literally buy and use bitcoins because it's useful.

[2] Which sites, though? $20 seems bullshit to me. Unless you want to experience that "instant transaction" that bitcoin was supposed to offer, I don't see any reason why someone would put a fee this high. A dollar for a transaction fee wouldn't hurt as much as Paypal's transaction fee.

[3] They already do. Others already accept ETH and other major coins like LTC and Doge.

[4] I agree. Bitcoin used the line "fast and cheap transaction" so much but you can't use that anymore. All the other features are still there, look at the bright side! Wink

27QVUTZj8rgZP1

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Quote from: mudboy93 on May 26, 2017, 01:00:10 PM

Actually and honestly speaking, LTC isn't much of a challenge at all right now, DOGE is promising but it doesn't offer anything different from BTC so I don't see it actually taking it's place, ETH is the biggest challenger IMO, if it does stop having regular exploits.
MONERO is a good growing challenger and even getting some blackmarket's attention too, However I don't see any of them completely taking out bitcoins.

I liked Peercoin, it has many interesting ideas. Seems very innovative, far better than Bitcoin.

mudboy93

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Actually and honestly speaking, LTC isn't much of a challenge at all right now, DOGE is promising but it doesn't offer anything different from BTC so I don't see it actually taking it's place, ETH is the biggest challenger IMO, if it does stop having regular exploits.
MONERO is a good growing challenger and even getting some blackmarket's attention too, However I don't see any of them completely taking out bitcoins.

PrinceCaspian

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Yes alts can have a chance against bitcoin as long as it is supported by the community. It is up to us people what cryptocurrency we want to use and support in the upcoming years.

South Park

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I am terrible at Fantasy Football!!!

Quote from: batang_bitcoin on May 23, 2017, 06:35:13 PM

Quote from: Duzter on May 23, 2017, 06:00:31 AM

From the beginning of the year bitcoin have been increasing high. Along with the pumping of bitcoin, altcoins too have risen periodically which means the competence between the two is high. For the same we cannot predict that alts have chance against bitcoin.

Alt coins are pumping too even they are going to pump higher that is not going to make them having against bitcoin. All of them are just aspiring successors of bitcoin but they will never replace bitcoin on the market. This is the best and original of all the crypto currency and this will be the truth about bitcoin.

True, it does not matter that altcoin are pumping when bitcoin is pumping too besides, the price difference is still too much, in that particular way to measure crypto currencies bitcoin is way ahead of any other crypto an reaching the level that bitcoin currently has will take them years or decades.

Seville

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ETH has a good chance imo.. Im actually scared

27QVUTZj8rgZP1

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Quote

Do you see alts have chances against Bitcoins?

Yes, especially due to the increasing uselessness of Bitcoin. Currently, I have to pay $2 fee to make a simple transaction of < 300 bytes.

Sites are currently adapting to pay their users in Bitcoin. Some sites once offered withdrawal at $1, then increased to $5, and now it is over $20.

Soon, people may start requesting payment in another coin, or just use Payza, Paypal, etc.

It seems like Bitcoin is turning into something contrary to its intended purpose. I feel scammed, and I am not even investor just a user.

bustedsynx

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As long as there's innovation, ther's always a chance. The giant Google knows this and does not sit on its laurels. Buying companies left and right that it perceives as threat.

GlassMaster

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Quote from: darklus123 on May 26, 2017, 07:50:30 AM

I dont think that the altcoin would interfere too much but as i am seeing right now alt coin also are booming because of the current bitcoin demands. Some altcoin would come and go but we cant get the fact that it is really a part of btc for opportunities

Everything is possible, because coins develop only because of user activity. While bitcoin is the strongest and I hope that no one will dare to destroy it.

darklus123

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I dont think that the altcoin would interfere too much but as i am seeing right now alt coin also are booming because of the current bitcoin demands. Some altcoin would come and go but we cant get the fact that it is really a part of btc for opportunities

Creepings

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Quote from: soul-impact on May 26, 2017, 07:04:31 AM

Quote from: szpalata on May 26, 2017, 06:36:10 AM

The current Altcoins have a long way to go if they are to stand any chance against the formidable Bitcoin but perhaps new Alts can spring up with mesmerizing potentials capable of challenging Bitcoin but until then I doubt the current ones can.

Any altcoins that are created have their own power, which does not depend on its value, which depends on the market's preference. Any altcoin is created. The ICO is not just a time for people to invest, it's also a time for the coin to gain popularity. So, altcoin can compete vs bitcoin.

That is right, it's just that, bitcoin is the first digital currency that is ever been distributed that is why it has the most user and high price. It is just popular because of it's price and it's characteristics, especially it's volatility. I think if bitcoin is distibuted the same time as bitcoin, I think ETH or Litecoin is leading.

niisarearning

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OfCourse there is a chance because of high transaction fees and lower amount transaction getting pending for long time and if i want to do lower amount transaction using bitcoin its very hard So i can go with altcoins ethereum hike you can see in this article
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html

panganib999

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Quote from: Iranus on April 14, 2017, 05:03:25 PM

Alts aren't against Bitcoin, they're developments on Bitcoin (except for copycats).

Most businesses which accept altcoins are accepting both Bitcoin and altcoin payments. Bitcoin should be viewed as a pioneering currency, which doesn't necessarily make it the best in existence. However, Bitcoin's long-term purpose will be very different to its current purpose.

Even with scaling solutions Bitcoin will never be as convenient as newly developed and regularly forked / less immutable alts can be. For that reason, Bitcoin will be seen more as a "master currency" while others are traded with Bitcoin and savings are held in Bitcoin.

If we will look at the true meaning of an altcoin it is a replacement for bitcoin usually used on trading. Yes I agree that altcoin is not actually against to bitcoin in fact it helps bitcoin on stock movement because most the alts serve to be an option on transaction especially on trading. So the development of an altcoin can develop also the bitcoin itself because it is a mutual relationship where both coin help each other to improve its transaction and price for stock control and daily trading rates.

soul-impact

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Quote from: szpalata on May 26, 2017, 06:36:10 AM

The current Altcoins have a long way to go if they are to stand any chance against the formidable Bitcoin but perhaps new Alts can spring up with mesmerizing potentials capable of challenging Bitcoin but until then I doubt the current ones can.

Any altcoins that are created have their own power, which does not depend on its value, which depends on the market's preference. Any altcoin is created. The ICO is not just a time for people to invest, it's also a time for the coin to gain popularity. So, altcoin can compete vs bitcoin.

szpalata

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The current Altcoins have a long way to go if they are to stand any chance against the formidable Bitcoin but perhaps new Alts can spring up with mesmerizing potentials capable of challenging Bitcoin but until then I doubt the current ones can.

upsidedown75

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Quote from: NatsuDragneel on May 22, 2017, 02:37:27 AM

Quote from: Stedsm on April 14, 2017, 02:49:21 PM

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?

No. Bitcoin is more powerful than the other cryptocurrency. Even now the price of the bitcoin is become higher . There is only a small chance that the bitcoin dignity will harm.

I am sorry to that I don’t agree with the perspective you are looking to the Bitcoin and the alts. With the increasing transaction fee and slow confirmation where people want an instant transactions and the delay of the bitcoin can harm its market cap. Users may switch to any other currency that offers better services.

Dudeperfect

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Quote from: passwordnow on May 25, 2017, 10:39:16 AM

Quote from: Dudeperfect on May 25, 2017, 08:41:21 AM

Even though the transaction fees have increased drastically, I have also observed decrease in transaction confirmation time. I think the fees are still in control as compared to that of time and cost required to send funds using traditional fiat infrastructure (I am talking about international transactions). However, I also agree that it will act as obstacle in the growth of bitcoin in next few years and we really don't want that to happen. This will create scope for altcoins to grab a large market share from crypto industry.

It's what I observed too, the fees are justifiable base on my thought but I know it's big for others. And with this thing, it is making bitcoin more reliable and better to transact with. I can't see that there will be another reason that an altcoin will have a try to replace or surpass bitcoins market cap. It will be always the leading crypto.

I am not worried about current fees (as I do international transactions, the fees are much less than that of other options for me. However it is something to worry about for local transactions). I am pointing towards the growth rate of the transaction fees, We need to look into this matter and find a solution for increasing transaction fees as it might create a trouble in the long run, even for the international transactions.

bestluck

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Quote from: agamasrori on May 25, 2017, 07:58:53 AM

Quote from: Stedsm on April 14, 2017, 02:49:21 PM

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?

Bitcoin remains the focus cryptocurrency enthusiasts and fintech industries. Bitcoin is the most thrusted coin. I think not to worry about bitcoin, that is their strategy to get bitcoin. May be they collect bitcoin to exchanged with bitcoin.

Bitcoin is a widely merchantised currency so its base is very stronger and it is not easy for its price to come to lower price while ethereum is not widely merchantised so its base is weaker and I am fear of my investment in it so I invest mainly in bitcoin.

jak3

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there is no drought on that. Altcoins are great and most people actually switched on them as they do really take cheapest cost while transacting. I have also tried them I tried the ADCN coin I bough them around 3000coins and when I transferred them from a wallet to another it cost me just 0.01adcn and it was almost instant confirmed. really freaking experience after all these years

Rizky Aditya

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Quote from: coinplus on May 24, 2017, 11:16:04 PM

Quote from: Nevis on May 21, 2017, 09:17:23 PM

Clearly if you analyze big and new alts yes they do have the power to battle against bitcoin network,they have the chance to beat up bitcoin if and only if big investors and some companies will push to go for good and better projects

Yeah I agree, the alts have the power to come over the Bitcoin. I think there is no such difference in the Bitcoin and the alts; the only thing that makes it different is that the bitcoin is the pioneer it came first and the alts have copied it. If the alts facilitate the users better than the Bitcoin they may be more successful.

if you are saying that the only difference between alts and bitcoin is that bitcoin is the pioneer of the alts, it came first and the other alts are the copied so i am not agree with you because the only difference between alts and bitcoin is not that the other big differences are the price difference, the investors difference and the users difference, in which bitcoin has won the competition , so there is no chance to overcome bitcoin.

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