Do you see alts have chances against Bitcoins? - page 53.

roadbits

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Quote from: orpel on May 24, 2017, 03:26:58 AM

We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.

Yes we can not trust any digital currency for a long time. Today Bitcoin is ruling digital currency world and day by day the popularity of bitcoin is increasing all over the globe. And many new alts are entering this digital world. And some more already become popular in the market. So anything can happen in future any alt can replace bitcoin.

orpel

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We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.

White Christmas

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Quote from: Stedsm on April 14, 2017, 01:49:21 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?

I Dont think so. The fact that bitcoin price is rising right now it will have big impact for the bitcoin user. Even though it has a high fee. alt coin will still below the bitcoin. I think this may not harm the dignity of bitcoin because this will still the most cryptocurrency in this kind of forum. High transaction will be solved soon just pray for that thing.

Seville

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some alts might surpass BTC in the near future.. its only a matter of time.. Unless BTC gets some killer upgrades Cheesy

JL421

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Quote from: sana54210 on May 06, 2017, 08:06:46 AM

Quote from: JL421 on May 05, 2017, 04:54:16 PM

No i don't think so i mean if you see bitcoin is legend and the only unique coin the alts are just their to give it some sort of competition and nothing else. It's just like gold, there are different diamonds like ruby, sapphire but in the end gold is the one who is leading at the end of the day. If i have to say ether can have a good chance against bitcoin.

All the altcoins are just trying to catch up to the bitcoin they have struggled for years now to be like the bitcoin but they always fail, however they may not seem like they are doing much right now but in the long term they may become worthful since the market cap for bitcoin is limited.

So, when there is no more bitcoin to mine it will get very expensive and that means that people won’t be able to get as much as they do now, which means they are going to search for alternatives, and then they will rise.

No bitcoin left to mine is impossible as the difficulty increases every time so at a point of time people will surely stop mining and mostly the coin will be abandoned and people will start showing interest for altcoins. All the altcoins also have a limited market cap but compared to bitcoin they have many years to be fully mined.

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Quote from: NoNetwork on May 23, 2017, 08:02:07 PM

I have seen a lot of altcoins online, and I think there are lots of them that can compete with bitcoins, in terms of other aspects, other than price and users.

The trend now is when bitcoin rise altcoins dump, that's how investors work because they want to ride on those who pump, they make money doing it consistently so why would they change their system. Actually, a legitimate altcoins does not need a hype, just hold it longer as its value will rise in the right time. However, for chances against bitcoin, I guess they do not need to compare, they can be both progressive at the same time.

NoNetwork

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I have seen a lot of altcoins online, and I think there are lots of them that can compete with bitcoins, in terms of other aspects, other than price and users.

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Quote from: Hazir on April 14, 2017, 02:02:54 PM

Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.

I share your views. I have a Business idea I'm still thinking of now, and the payment method I wanted to use was Bitcoin, but with recent high transaction fees and delayed transaction confirmation, I'm considering using ETH. I believe so many businesses are thinking towards that direction as well. If Bitcoin wants to maintain dominance. they should fix all these problems.

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Quote from: Nevis on May 21, 2017, 08:17:23 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, though it also depends on how far they want to go with their Altcoin. If there is only large investors putting money into it, there won’t be that much of a demand since nobody really cares for the coin. Bitcoin has large amounts of people investing in the coin and they hype that is around Bitcoin is pretty real so the whole Bitcoin Project has a chance to stay relevant within the Top Digital Currencies other than some new coin that is not built by the Government.

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We are starting to see the Altcoins take at a real chunk at the market dominance that Bitcoin has had in its whole history. Now that Bitcoin is down to 46%, there will be more movements towards Altcoins to replace it. Also showing that ETH is becoming much more viable for trading and day to day transactions.

But still you can see the demand of bitcoin from its price. Always take in mind that if the price of an asset is increasing then it is because of the demand of people for that asset and with the price you will find that how much is the demand of bitcoin nowadays.

batang_bitcoin

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Quote from: Duzter on May 23, 2017, 05:00:31 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.

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Quote from: Eternu on May 23, 2017, 04:03:52 AM

Quote from: iMark on May 23, 2017, 03:41:46 AM

Quote from: myhung76393 on May 22, 2017, 10:27:25 PM

Nothing alts have chances against bitcoin because bitcoin is the main cryptocurrency that buy anything alts. And they used bitcoin everytime they want to buy altcoin or they exchanged altcoin to bitcoin so nothing reasons.

I think it is too excessive when altcoin has the possibility to shift the bitcoin from cryptocurrency number 1? Because I think bitcoin is too superior. And will be very difficult to replace

Well i agree with you guys about position and strength of Bitcoin, and i hope that there will be nothing that can shift position and current situation of bitcoin to worst. But unfortunately there are things that can hurt bitcoin a lot, like this problem with old way of mining, and old miners. If that continue, maybe there is a chance for some other altcoin to rise and become stronger than bitcoin, but that is long way. Or maybe bitcoin can become so slow to transfer so that people start using some altcoin.

well currently the position of bitcoin is very strong and there is no doubt that bitcoin is still the number one currency of the cryto world and hope that it will also remain as number one, but it totally depend on the interest of the people, people are taking interest in bitcoin, but i think still we cannot denay the fact that alt also have chance against bitcoin to overcome it depending on the interest of tho people.

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Quote from: jekjekman on May 22, 2017, 09:42:48 PM

Bitcoin is the real deal here, and altcoins is just another currency that would like to take a part of the growing industry that bitcoin is experiencing ever since. Altcoins are creating a thing that bitcoin never had because it is like a marketing strategy to attract people to use their created coin to have a value in price.

But still I do not think that any coin will come which will have any chance against bitcoin. As bitcoin is the master coin and the developers of bitcoin are more expert than the developers of any other coin. Even the developers of ethereum cannot defeat bitcoin.

btcdevil

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Quote from: coinplus on May 23, 2017, 03:18:03 PM

Quote from: Harlot on May 22, 2017, 03:08:08 AM

Quote from: tosmartak on May 22, 2017, 03:02:33 AM

It can't really be predicted but anything can happen. Though, one thing I am sure of is that the players and investors in the bitcoin community won't want that to happen. I may be wrong though, cause from the look of things, some altcoins are beginning to gain some grounds which I am sure bit coin price is one of the driving factors but what I can't say is the other factors that may as well be driving them and how strong those factors are, compared to bitcoin's effect on them.

What you refer to players and investors of Bitcoin won't make it happen at all. You know why? Because Bitcoin traders are also Altcoin traders in general, when they see Altcoin as some kind of short term profit taking cryptocurrency they see Bitcoin as a long term investment. In general it would be hard for them to even manipulate the price of Altcoin in which Bitcoin is at now replacing a ruling king is hard to be done. Bitcoin took years to be where it is now, I don't see any scenarios on which an Altcoin will share the spotlight.

Yes, it took a long time for the bitcoin to reach to place where it is today. Many of our fellows think that it is easy to replace the bitcoin but in reality on ground it is not. With the increasing price of the bitcoin and the comparison of the alts will not work. I think in future the alts will be keeping the Bitcoin as a store of value for them.

What you are telling is true to some extend but right now after we are facing problem with high transaction fees and even paying with high transaction fees they are not getting confirmed soon. So it will become like that altcoin will be used for transaction and bitcoin will be used as investment purpose.

coinplus

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Quote from: Harlot on May 22, 2017, 03:08:08 AM

Quote from: tosmartak on May 22, 2017, 03:02:33 AM

It can't really be predicted but anything can happen. Though, one thing I am sure of is that the players and investors in the bitcoin community won't want that to happen. I may be wrong though, cause from the look of things, some altcoins are beginning to gain some grounds which I am sure bit coin price is one of the driving factors but what I can't say is the other factors that may as well be driving them and how strong those factors are, compared to bitcoin's effect on them.

What you refer to players and investors of Bitcoin won't make it happen at all. You know why? Because Bitcoin traders are also Altcoin traders in general, when they see Altcoin as some kind of short term profit taking cryptocurrency they see Bitcoin as a long term investment. In general it would be hard for them to even manipulate the price of Altcoin in which Bitcoin is at now replacing a ruling king is hard to be done. Bitcoin took years to be where it is now, I don't see any scenarios on which an Altcoin will share the spotlight.

Yes, it took a long time for the bitcoin to reach to place where it is today. Many of our fellows think that it is easy to replace the bitcoin but in reality on ground it is not. With the increasing price of the bitcoin and the comparison of the alts will not work. I think in future the alts will be keeping the Bitcoin as a store of value for them.

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Quote from: delliaerd on May 22, 2017, 10:35:37 PM

Quote from: CuriousGeorge on May 22, 2017, 10:01:07 PM

Quote from: Pab on May 22, 2017, 04:03:06 PM

It is enough to look market ETH is 0.08/btc doge is 140sat/btc.There is huge rapidly growning token markets,most of projects use eth smart contracts and hs main currency is eth

That pretty much sum up most of the condition now, so many open crowd sale out there uses smart token and their main funding currency is now turning out from bitcoin to ethereum. Honestly, I'm not amazed if the bitcoin dominance is now decreasing by the time, more people are now put their money into ethereum and see it have potential like bitcoin which growing up from few dollars to thousand dollars value.
It's the matter of the time until scaling problem attacks ETH though.

from many alternative coin, i am sure that ethereum has a big change to do it. Ethereum has a big community of user, it's make ethereum have nice potential in future. But i think seeing that, the user of bitcoin will do more best, and sure bitcoin will always stay high more than other.

yes no doubt that Ethereum also have good users, but i think still it cannot compete with bitcoin. the users of bitcoin much more that the users of etherium, people are using etherium as for trading and increasing their assets, but still they consider bitcoin as their main currency. and users of bitcoin are continuously increasing and making bitcoin more and more stronger.

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Quote from: Sadlife on May 18, 2017, 08:07:58 PM

It's hard to actually speculate what will happen in the future for bitcoin but bitcoin has faced many issues in the past and still survive no matter what, if an scaling doesn't get implemented it might be possible that alts may replace bitcoin like ETH, DASH or MONERO.
bitcoin will get through because legends doesn't simply die.

Lets hope that scaling happens, but even then I think not a single alt will be able to overcome bitcoin simply because when you hear the words crypto currency the first thing that comes to mind is bitcoin even in the minds of regular users of bitcoin like us.

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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.

DoublerHunter

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Quote from: iMark on May 23, 2017, 03:41:46 AM

Quote from: myhung76393 on May 22, 2017, 10:27:25 PM

Nothing alts have chances against bitcoin because bitcoin is the main cryptocurrency that buy anything alts. And they used bitcoin everytime they want to buy altcoin or they exchanged altcoin to bitcoin so nothing reasons.

I think it is too excessive when altcoin has the possibility to shift the bitcoin from cryptocurrency number 1? Because I think bitcoin is too superior. And will be very difficult to replace

It is difficult yet, possible. Bitcoin and altcoins are very different but they are the same in usage because they are all online currency. Altcoins has a lot of different features that can be used against bitcoin so if the features of altcoins are better than bitcoin then there will be possibility for bitcoin to be replaced and that time will come soon.

Eternu

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Quote from: iMark on May 23, 2017, 03:41:46 AM

Quote from: myhung76393 on May 22, 2017, 10:27:25 PM

Nothing alts have chances against bitcoin because bitcoin is the main cryptocurrency that buy anything alts. And they used bitcoin everytime they want to buy altcoin or they exchanged altcoin to bitcoin so nothing reasons.

I think it is too excessive when altcoin has the possibility to shift the bitcoin from cryptocurrency number 1? Because I think bitcoin is too superior. And will be very difficult to replace

Well i agree with you guys about position and strength of Bitcoin, and i hope that there will be nothing that can shift position and current situation of bitcoin to worst. But unfortunately there are things that can hurt bitcoin a lot, like this problem with old way of mining, and old miners. If that continue, maybe there is a chance for some other altcoin to rise and become stronger than bitcoin, but that is long way. Or maybe bitcoin can become so slow to transfer so that people start using some altcoin.

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