Do you see alts have chances against Bitcoins? - page 62.

FlightyPouch

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Quote from: eternalgloom on May 10, 2017, 08:26:59 AM

Quote from: Karloff on May 10, 2017, 07:26:04 AM

Quote from: davis196 on May 10, 2017, 07:23:03 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?

Confirmation time and transaction fees can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Yes, bitcoin is much safer and safer. Over time, it will improve all the problematic functions of making transactions.

I wouldn't say that Bitcoin is safer than a lot of the altcoins out there.
There are quite a few altcoins that are based on Bitcoin and they're not really less safe than Bitcoin itself.

Some altcoins also have pretty much a head start on Bitcoin when it comes to transaction speed & cost, Bitcoin might be able to fix its problems but some altcoins are already way ahead.

That is why it is an altcoin. It is the coin of a maker that found a solution to a certain problem of bitcoin and thought that it is better than bitcoin, but the thing about bitcoin is, it is the original coin, no matter how many times you make a new altcoin, bitcoin will still remain popular.

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We can see today that litecoins value increases 700% within a month, something astounding, but it also elevates the bitcoin value because the impacts of segwit on altcoin make it sticky and harmonize in volatility. So as long as altcoin continues to use bitcoin as the primary means of exchange, they will never replace bitcoin.

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Quote from: Karloff on May 10, 2017, 07:26:04 AM

Quote from: davis196 on May 10, 2017, 07:23:03 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?

Confirmation time and transaction fees can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Yes, bitcoin is much safer and safer. Over time, it will improve all the problematic functions of making transactions.

I wouldn't say that Bitcoin is safer than a lot of the altcoins out there.
There are quite a few altcoins that are based on Bitcoin and they're not really less safe than Bitcoin itself.

Some altcoins also have pretty much a head start on Bitcoin when it comes to transaction speed & cost, Bitcoin might be able to fix its problems but some altcoins are already way ahead.

DoublerHunter

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Quote from: Pattart on May 10, 2017, 07:44:20 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.

When the bitcoin transaction fee gets bigger it might make bitcoin users a bit uncomfortable. Because of course it will be a little detrimental to them and maybe they will think to use altcoin

That is what the most concerned topic right now which is the increasing fee of bitcoin transactions that is around or more $1 per transaction and for a wise money saver that is a very expensive fee and that is why some of the cryptocurrency user choose altcoin that is cheaper in fees and also faster but this is just temporary problem and soon it will be fixed by the core team.

Pattart

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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.

When the bitcoin transaction fee gets bigger it might make bitcoin users a bit uncomfortable. Because of course it will be a little detrimental to them and maybe they will think to use altcoin

Karloff

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Quote from: davis196 on May 10, 2017, 07:23:03 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?

Confirmation time and transaction fees can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Yes, bitcoin is much safer and safer. Over time, it will improve all the problematic functions of making transactions.

davis196

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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?

Confirmation time and transaction fees can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

erickkyut

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Lots of altcoins are pumping this past few days. It is a proof that digital cuurency are now slowly being accepted worldwide. I'm waiting for a few more days for the coins to dump then I will buy lots of it. It is one of the best time to invest in altcoins

Harlot

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Quote from: Prohodimec on May 10, 2017, 06:46:49 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.

Bitcoin was originally designed for large transactions, so it is quite acceptable to use another currency for small transactions.

Well I have to agree with about that, if Bitcoin's transaction fees gets any higher than the transaction fees of other payment systems it may surely make many people reconsider about using Bitcoin as a main payment method. But like what Prohodimec said with Bitcoin's value right now you should not waste your time on small transactions because if you really don't need to send that money you can always save up your Bitcoin so that your transaction fees are well utilized in that situation.

Prohodimec

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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.

Bitcoin was originally designed for large transactions, so it is quite acceptable to use another currency for small transactions.

moviebuff777

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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.

LuffyDMonkey

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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?

Well, we can't predict what will happen in the future but I imagined that bitcoin is still the no. cryptocurrency and altcoin can't surpass bitcoin. I think bitcoin will become more popular and gain more power to become always no.1 cryptocurrency.

Finestream

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Quote from: ricardobs on May 09, 2017, 03:05:42 PM

Quote from: wahb on May 07, 2017, 04:38:35 PM

Quote from: bitllionaire on May 07, 2017, 04:19:09 PM

Quote from: azguard on May 07, 2017, 02:37:09 PM

If you look at more then 3 months back or better at January this year you will see that all coins are going up some in small percentage other in very large ones (i mean some went over 200 - 300 or even more in %). Off course if someone invested then now can laugh at us all cuz he made right choice with some coin.

when bitcoin start increasing then altcoin stop or reduce their increasing speed, in fact most of the people invest their money in bitcoin and they do not give any prefer to bitcoin, but when the price of bitcoin become a little stable the people start taking interested in alt coin.

yes that is very right, as we can see that in present time most of the people have invested their money in bitcoin and are still waiting for the price to increase more and more. i think most of the people are still interested to invest money in bitcoin.

Yes, with a reason that the bitcoin is the most trusted currency currently as the BTC has a proven record of increasing wealth of many and people are still investing and trading it for more they can get from it. People coming and adopting the digital currency is due to the reason that they want to earn more than the regular earning.

I think it's not the main reason, majority of the users or adopters of bitcoin does not really came to earn, they adopt because they appreciate the system that's why we see the circulation of bitcoin has been increasing overtime. The main purpose of bitcoin is a currency to ease the transaction process and to provide a low cost transaction.

ricardobs

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Quote from: wahb on May 07, 2017, 04:38:35 PM

Quote from: bitllionaire on May 07, 2017, 04:19:09 PM

Quote from: azguard on May 07, 2017, 02:37:09 PM

If you look at more then 3 months back or better at January this year you will see that all coins are going up some in small percentage other in very large ones (i mean some went over 200 - 300 or even more in %). Off course if someone invested then now can laugh at us all cuz he made right choice with some coin.

when bitcoin start increasing then altcoin stop or reduce their increasing speed, in fact most of the people invest their money in bitcoin and they do not give any prefer to bitcoin, but when the price of bitcoin become a little stable the people start taking interested in alt coin.

yes that is very right, as we can see that in present time most of the people have invested their money in bitcoin and are still waiting for the price to increase more and more. i think most of the people are still interested to invest money in bitcoin.

Yes, with a reason that the bitcoin is the most trusted currency currently as the BTC has a proven record of increasing wealth of many and people are still investing and trading it for more they can get from it. People coming and adopting the digital currency is due to the reason that they want to earn more than the regular earning.

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Quote from: choppork on May 05, 2017, 08:21:01 AM

Quote from: LegendOF45 on May 05, 2017, 04:14:17 AM

I think everything is possible, now with 1 wallet etherium we could save a lot of altcoin and of course dev. etherium would do the best strategy to be number 1.

I don't think "one wallet to store them all" is actually a good idea because the thief only have to find one Private key to hack everything from you. Also, there are exchanges out there that holds most of the altcoins, even the ones that doesn't have an ETH contract.

I think that Eth actually stand a chance against bitcoins, at least to reach a competitive level if not surpass bitcoins. Because new altcoins are using ETH contract. That serves as an advertisement to both coins. The new altcoin rides with the popularity of ETH and ETH gets new investors because of the people that have seen the advertisement of the new altcoin.

Correct even when you use fiat is not recommended that you use a single bank account for everything, you need to have several so you perform different actions with them and in that way if one is compromised then you don’t lose all your money and the same applies to bitcoin or any other coin.

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Quote from: cafucafucafu on May 08, 2017, 06:23:41 PM

In my opinion, we can pretty much tell that there are more possibilities, in which some other cryptocurrency will get advantage over the bitcoin.
The thing is, that we currently witness that bitcoin dominance is around 51% level.
It means that almost the half of the overall cryptocurrency market capitalization is ruled by altcoins, so I can really see some chances for altcoins against bitcoin: answering that question.

I think that Monero is a great enemy of bitcoin, because the anonymousness is much better on this particular cryptocurrency.
Also, it is pretty funny that Ripple is #2 in market capitalization, but it is a product of banks.

But altcoins are not working together. It can be 49% for bitcoin and 51% for all the altcoins but still isn't enough because that 51% is consist of tons of small portions. Bitcoin is still dominating.

Ripple is third, btw. Bitcoin > Ether > Ripple > Litecoin > NEM. What is NEM/XEM? I've seen some people promoting this but never people talking about its features and whatnot. Is this a product of nothing but hype? Anyway, every altcoin are far from bitcoin's market cap so yeah. Bitcoin is even becoming more stronger with an additional of 1B market cap in just 24 hours.

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Quote from: savioroshan on May 09, 2017, 05:35:39 AM

Yes offcourse, there are chances for other altcoins against bitcoin. Its main reason is , its rising price. Day by day bitcoin price is rising. So small investors who cant afford to invest in bitcoins are turning towards the altcoins specially ethereum to invest. Thats why you can see a sudden surge in ethereum price .

That is not the reason why altcoins are being patronized by some people. The main reason why people are supporting or buying altcoins is because they want to get profit and increase their bitcoin when they sell their altcoins in exchange for bitcoin. As of this moment as bitcoin keeps increasing in value more and more people are dumping their altcoins and you can see the value of all altcoins going down due to the increase of bitcoins value.

Kisanaq

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Exactly, the simple reason is the confirmation that continues to slow down, if the bitcoin is used more than 10% of the world population, then I make sure will reach at least a week bitcoin will be accept.

betlord90

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Quote from: makolz26 on May 09, 2017, 09:20:35 AM

Quote from: Japinat on May 09, 2017, 09:08:46 AM

Quote from: PetroffVany on May 09, 2017, 06:31:56 AM

Quote from: Harlot on May 09, 2017, 06:28:03 AM

Quote from: Ewox on May 09, 2017, 06:17:57 AM

In my opinion , I don't think alts have chances against Bitcoins. Bitcoin will stay on top but alts might try to take its place and we really don't know what the future will bring but so far or as of the present it's a no in my opinion.

Additionally we need to be realistic about our expectation in the cryptocurrency market, that Bitcoin the most highly valued cryptocurrency has not yet fully tap the majority of the consumer market yet, and you think there is a room for one more cryptocurrency. Bitcoin as a currency needs to grow first, and what I mean about that is both consumers and sellers are accepting Bitcoin as a kind of currency. If that happen there will be a possibility that people will start to look for another cryptocurrency in the market that is suited to be an alternative to Bitcoin.

Yes, some have not even heard of bitcoin. So it is quite possible the emergence of another stronger and more popular currency.

We are surprise by how the way bitocin grow this big so I'm pretty sure there will be more surprises in the future, we cannot discount the potential of altcoins because combining all of them will beat the marketcap of bitcoin already, that means as bitcoin grows altcoins are also growing it overall they are making a great progress. There are some alts that we think will beat bitcoin in the future so it's good to save it now while the price is still cheap.

One of the reasons why bitcoin is growing so fast and became more famous it is because of altcoins beside it.
The difference is that the bitcoin can stand alone but the altcoin depends on bitcoins capability, popularity and its demand.

Bitcoin can stand alone without alts since it have many fiat exchangers unlike those any other altcoins outhere that relying for bitcoins to be exchange. And bitcoin is not famous because of alts but the true fact their is it is been famous since it was the first crypto currency made on internet history so thats why he gains trust and adoption since people see that he is the first and most establish that had a good potential interms on business matters.

makolz26

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Quote from: Japinat on May 09, 2017, 09:08:46 AM

Quote from: PetroffVany on May 09, 2017, 06:31:56 AM

Quote from: Harlot on May 09, 2017, 06:28:03 AM

Quote from: Ewox on May 09, 2017, 06:17:57 AM

In my opinion , I don't think alts have chances against Bitcoins. Bitcoin will stay on top but alts might try to take its place and we really don't know what the future will bring but so far or as of the present it's a no in my opinion.

Additionally we need to be realistic about our expectation in the cryptocurrency market, that Bitcoin the most highly valued cryptocurrency has not yet fully tap the majority of the consumer market yet, and you think there is a room for one more cryptocurrency. Bitcoin as a currency needs to grow first, and what I mean about that is both consumers and sellers are accepting Bitcoin as a kind of currency. If that happen there will be a possibility that people will start to look for another cryptocurrency in the market that is suited to be an alternative to Bitcoin.

Yes, some have not even heard of bitcoin. So it is quite possible the emergence of another stronger and more popular currency.

We are surprise by how the way bitocin grow this big so I'm pretty sure there will be more surprises in the future, we cannot discount the potential of altcoins because combining all of them will beat the marketcap of bitcoin already, that means as bitcoin grows altcoins are also growing it overall they are making a great progress. There are some alts that we think will beat bitcoin in the future so it's good to save it now while the price is still cheap.

One of the reasons why bitcoin is growing so fast and became more famous it is because of altcoins beside it.
The difference is that the bitcoin can stand alone but the altcoin depends on bitcoins capability, popularity and its demand.

Topic: Do you see alts have chances against Bitcoins? - page 62. (Read 51050 times)