Do you see alts have chances against Bitcoins? - page 60.

btcforall777

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Quote from: bouren on May 14, 2017, 10:29:29 AM

Quote from: xtyling on May 14, 2017, 10:17:49 AM

If we have a look at coinmarketcap, BTC dominance is currently 53.8%
So Yes, Alts is already having chances against BTC. If we talk about only 1 Alt which have poetential of surpassing BTC, I would go for Ethereum. All the Dapps currently being run and newly created are increasing year by year

I don't think Ethereum will ever cop-up the demand of Bitcoin and will ever be on number 1 slot. BTC is the only dominance when it comes to market cap and will be there for always as its price increasing everyday.
Other then Dapps, there is a tremendous increase in number of new coins being build on Ethereum blockchain. Rather then contributing to Ethereum development, they are spamming it.

Ethereum is not positioning itself as a form of payment. But it is still possible that it surpass bitcoin for that purpose.

Palodar

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Quote from: KeyGenKing on May 14, 2017, 12:21:47 PM

Quote from: Qunenin on May 14, 2017, 10:32:41 AM

Quote from: Drnice on May 14, 2017, 09:36:14 AM

Alt-coins are permitted to be high rated but can not bit down Bitcoin from its position. Just like dollars which is generally accepted to buy and sell goods in the international market so is Bitcoin a major coin for crypto-transaction other than the alt-coins.

Altcoins are going great these days but they are far far less than bitcoins in terms of adaption and price. Bitcoins have established themselves a lot more and they are now pioneer in digitial currecy. Except few altcoins, most of them are just pump dump coins. Angry

Key is the right moment to jump in and the right moment to jump out of it.

Some alt coins were really noticed now, I see campaigns now that uses other alt coins rather than bitcoin,they were in demand now since there were issues in bitcoin confirmation now.

KeyGenKing

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Quote from: Qunenin on May 14, 2017, 10:32:41 AM

Quote from: Drnice on May 14, 2017, 09:36:14 AM

Alt-coins are permitted to be high rated but can not bit down Bitcoin from its position. Just like dollars which is generally accepted to buy and sell goods in the international market so is Bitcoin a major coin for crypto-transaction other than the alt-coins.

Altcoins are going great these days but they are far far less than bitcoins in terms of adaption and price. Bitcoins have established themselves a lot more and they are now pioneer in digitial currecy. Except few altcoins, most of them are just pump dump coins. Angry

Key is the right moment to jump in and the right moment to jump out of it.

Qunenin

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Quote from: Drnice on May 14, 2017, 09:36:14 AM

Alt-coins are permitted to be high rated but can not bit down Bitcoin from its position. Just like dollars which is generally accepted to buy and sell goods in the international market so is Bitcoin a major coin for crypto-transaction other than the alt-coins.

Altcoins are going great these days but they are far far less than bitcoins in terms of adaption and price. Bitcoins have established themselves a lot more and they are now pioneer in digitial currecy. Except few altcoins, most of them are just pump dump coins. Angry

bouren

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Quote from: xtyling on May 14, 2017, 10:17:49 AM

If we have a look at coinmarketcap, BTC dominance is currently 53.8%
So Yes, Alts is already having chances against BTC. If we talk about only 1 Alt which have poetential of surpassing BTC, I would go for Ethereum. All the Dapps currently being run and newly created are increasing year by year

I don't think Ethereum will ever cop-up the demand of Bitcoin and will ever be on number 1 slot. BTC is the only dominance when it comes to market cap and will be there for always as its price increasing everyday.
Other then Dapps, there is a tremendous increase in number of new coins being build on Ethereum blockchain. Rather then contributing to Ethereum development, they are spamming it.

stompix

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Quote from: naughty1 on May 11, 2017, 09:21:26 PM

Quote from: Rinder on May 11, 2017, 08:10:06 PM

I do see altcoins as an amazing source of income, and on the last day those market has becamed a lot atractive to give a try, i had made 500k satoshis profit with them, soo now my bitcoins does worth much more. I dont see altcoins reaching bitcoin anytime soon, but we never know.

Altcoin can be a quick source of income for everyone. However, each altcoin can not make long-term profit, it only existed and developed mutation in a short time, then stopped. Conversely, bitcoin is a stable currency, it is high value and popular. Bitcoin is always a good investment choice.

Can you please enlighten us on how can something be a great source of income for everybody ?
It would imply unlimited growth which is impossible.

How many people have lost hundred of dollars in alts that don't have even a running node right now?

xtyling

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If we have a look at coinmarketcap, BTC dominance is currently 53.8%
So Yes, Alts is already having chances against BTC. If we talk about only 1 Alt which have poetential of surpassing BTC, I would go for Ethereum. All the Dapps currently being run and newly created are increasing year by year

citywise2

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I think no one can tell everything happened by chance. As of now bitcoin have become one of the best asset but anything can still happen. It is only the future that can tell whether any altcoin can be the best, but until then bitcoin remains the first and the best.

naughty1

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Quote from: Drnice on May 14, 2017, 09:36:14 AM

Alt-coins are permitted to be high rated but can not bit down Bitcoin from its position. Just like dollars which is generally accepted to buy and sell goods in the international market so is Bitcoin a major coin for crypto-transaction other than the alt-coins.

Everybody who uses bitcoin for underground transactions, however, does not prove the power of bitcoin, it just demonstrates bitcoin's usability. Altcoins can completely replace bitcoin in tacit transactions. However, people still use bitcoin, because they make money from it.

Drnice

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Alt-coins are permitted to be high rated but can not bit down Bitcoin from its position. Just like dollars which is generally accepted to buy and sell goods in the international market so is Bitcoin a major coin for crypto-transaction other than the alt-coins.

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Quote from: TastyChillySauce00 on May 11, 2017, 09:28:26 PM

Quote from: lol3c on May 11, 2017, 09:10:55 PM

Quote from: NEWGOODOUBLE on May 11, 2017, 09:18:20 AM

Quote from: moviebuff777 on May 10, 2017, 06:44:21 AM

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.

Sometimes i convert my bitcoin to altcoin and then send it to another exchange. I do this because to avoid the higher bitcoin transaction fees

ROFL. We all have to admit that the bitcoin transaction fee is not as comfortable as it used to be in the past anymore. Bitcoin is becoming more and more expensive and I dont think that it is a good crypto. Bitcoin is gold and no one will use gold for payment method

I honestly think so, after the blockchain is overloaded by the unconfirmed transaction, the fee is now drastically increasing and it's such a pain in the ass. I still remember a good day when 0.0002 as a fee is considered as high and will get confirmed immediately, but now. It's as low as 0.0005 or above if you want your transaction to be confirmed within next 3 block, the recommended is no2 240sats/byte. Well.

Yes the transaction fees and needless delays in confirmation are now obvious as the bane of Bitcoin in the crypto business. And very soon, it shall totally destroy the general interest people have in Bitcoin. I have an unconfirmed transaction since 11 May. Not still resolved. But I have let it be since it isn't much. Whether it confirms or not now, I am not going to bother myself any more.

Yes, I think some altcoins have a good chance of knocking the Bitcoin out. It's just a matter of time. Already the dominance of bitcoin has dwindled to less that 60% as against almost 90% early this year.

Eebertay

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Bitcoin is the top dog till further notice.

ALL crypto currencies trade INTO bitcoin, this is not a debate

Also, NO alt coin comes CLOSE to bitcoins brand awareness and market penetration...nothing.
This can change obviously, but as of now...this isnt close

I do think there will be a number of coins that will live side by side with bitcoin, they will need to offer something.

For instance, bitcoin as a store of value vs bitcoin for every day use.

I think an alt coin can not compete with bitcoin as a store of value BUT one will have to rise up as an every day coin, and that would mean it would have to play nicely with bitcoin.

Rostadom

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Quote from: lol3c on May 11, 2017, 09:10:55 PM

Quote from: NEWGOODOUBLE on May 11, 2017, 09:18:20 AM

Quote from: moviebuff777 on May 10, 2017, 06:44:21 AM

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.

Sometimes i convert my bitcoin to altcoin and then send it to another exchange. I do this because to avoid the higher bitcoin transaction fees

ROFL. We all have to admit that the bitcoin transaction fee is not as comfortable as it used to be in the past anymore. Bitcoin is becoming more and more expensive and I dont think that it is a good crypto. Bitcoin is gold and no one will use gold for payment method

Bro, people literally used to use gold for payment method. And then people made fiat money for gold to have an equivalent which isn't as heavy to carry around. It was after the Nixon Shock when fiat wasn't backed by gold anymore.

You actually know that a cryptocurrency is good when it's becoming more and more expensive. It means that people are buying it and if you bought the coins before, then you've already made profit. Btw, bitcoin is not gold. It's just referred to gold so what's happening with gold doesn't really strongly correlates with what's going to happen with bitcoins. In other words, they are two different things.

TastyChillySauce00

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Quote from: lol3c on May 11, 2017, 09:10:55 PM

Quote from: NEWGOODOUBLE on May 11, 2017, 09:18:20 AM

Quote from: moviebuff777 on May 10, 2017, 06:44:21 AM

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.

Sometimes i convert my bitcoin to altcoin and then send it to another exchange. I do this because to avoid the higher bitcoin transaction fees

ROFL. We all have to admit that the bitcoin transaction fee is not as comfortable as it used to be in the past anymore. Bitcoin is becoming more and more expensive and I dont think that it is a good crypto. Bitcoin is gold and no one will use gold for payment method

I honestly think so, after the blockchain is overloaded by the unconfirmed transaction, the fee is now drastically increasing and it's such a pain in the ass. I still remember a good day when 0.0002 as a fee is considered as high and will get confirmed immediately, but now. It's as low as 0.0005 or above if you want your transaction to be confirmed within next 3 block, the recommended is no2 240sats/byte. Well.

naughty1

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Quote from: Rinder on May 11, 2017, 08:10:06 PM

I do see altcoins as an amazing source of income, and on the last day those market has becamed a lot atractive to give a try, i had made 500k satoshis profit with them, soo now my bitcoins does worth much more. I dont see altcoins reaching bitcoin anytime soon, but we never know.

Altcoin can be a quick source of income for everyone. However, each altcoin can not make long-term profit, it only existed and developed mutation in a short time, then stopped. Conversely, bitcoin is a stable currency, it is high value and popular. Bitcoin is always a good investment choice.

lol3c

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Quote from: NEWGOODOUBLE on May 11, 2017, 09:18:20 AM

Quote from: moviebuff777 on May 10, 2017, 06:44:21 AM

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.

Sometimes i convert my bitcoin to altcoin and then send it to another exchange. I do this because to avoid the higher bitcoin transaction fees

ROFL. We all have to admit that the bitcoin transaction fee is not as comfortable as it used to be in the past anymore. Bitcoin is becoming more and more expensive and I dont think that it is a good crypto. Bitcoin is gold and no one will use gold for payment method

Rinder

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I do see altcoins as an amazing source of income, and on the last day those market has becamed a lot atractive to give a try, i had made 500k satoshis profit with them, soo now my bitcoins does worth much more. I dont see altcoins reaching bitcoin anytime soon, but we never know.

poplolnman

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Quote from: olliedickman on May 11, 2017, 10:13:08 AM

Yes, I do see that. Bitcoin is very obsolete compared to other cryptos such as ethereum or litecoin. They are much better with good technology and algorithm.

it was not obsolete , bitcoin just having problem on how processing the larger transaction volume nowadays and it's causing a heating debate since few months ago. while other altcoin have an almost instant withdrawal , bitcoin struggle to increase the transaction fee to make the transaction processed faster . that's make bitcoin left behind and it's doesnt mean bitcoin obsolete or something.

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Quote from: South Park on May 11, 2017, 04:17:05 PM

Quote from: olliedickman on May 11, 2017, 10:13:08 AM

Yes, I do see that. Bitcoin is very obsolete compared to other cryptos such as ethereum or litecoin. They are much better with good technology and algorithm.

Bitcoin is not obsolete, what happens is a lot of money moves in bitcoin, so it is no longer an experiment out of the mind of a genius, now it is a business, and no one wants to destroy it so any change is very difficult to do since there a re a lot of interest going on at the moment.

the current congestion issues are not helping btc to keep number 1 forever,We'll see what's happen further on , but many alts trying to get btc throne. atm BTC keeps being the big gorilla when its move alts flee.

Topic: Do you see alts have chances against Bitcoins? - page 60. (Read 51050 times)