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Topic: Do you see alts have chances against Bitcoins? - page 66. (Read 51088 times)

sr. member
Activity: 518
Merit: 250
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.
hero member
Activity: 2982
Merit: 610
Coinbase is now accepting payments for litecoin.

If more retailers accept alts, that could easily increase their usage volume and demand to a point where they're able to compete with btc.

Its retailers and services like coinbase who will determine how well alts perform.
Maybe the reason why LTC is skyrocketing now, I failed to buy when the price was low but I never regret
because I also have my bitcoin increasing in value.

Old alts has a chance, LTC, DASH, and ETH.
legendary
Activity: 1092
Merit: 1000
Ok, I get your point. Litecoin is superior coin, technologically at least. Agree, for now it is.
So Following your logic - let's create a coin which will have transaction capacity comparable to Visa (it is insane number, I know) with fees lower that LTC.
So if SegWit and LN doesn't really matter the only difference would be getting Coibase Wallet and we have the most advanced coin, hands down.
You know what the problem would be with that coin? Bitcoin had near perfect initial distribution. All coins created after are worse because of that.

Yes, we can agree LTC is technologically superior to BTC.

Explain your Bitcoin had near perfect initial distribution , are you saying a bunch of nerds that ran PCs in their Mom's basement are the entire populace,
because I hate to break it to you , their is a whole world out there, especially the 3rd world that was denied the initial distribution.
(Lack of electricty is the great de-equalizer.) Tongue


 Cool


FYI:
How many people do you think can afford to match Satoshi holdings of a Million BTC or so?  NOT MANY!
BTC is for the rich, and the transaction fees will price everyone else offchain , if they continue to use bitcrap instead of moving to alts.

FYI2:
The only way to have perfect distribution is to give everyone living on earth an equal % of a coin.
No Coin has done that.
hero member
Activity: 910
Merit: 523
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?
If you mean that an altcoin will exceed bitcoin price and market cap, maybe yes.
Doesn't mean bitcoin is bad and will be banished​, abandoned by people. Bitcoin will last forever as it is a great cryptocurrency from the beginning of its creation and still on developing. But, if another coin offer better technology, faster, low fee, anonymous, stability in growth, it may has chance.
legendary
Activity: 2562
Merit: 1441
Coinbase is now accepting payments for litecoin.

If more retailers accept alts, that could easily increase their usage volume and demand to a point where they're able to compete with btc.

Its retailers and services like coinbase who will determine how well alts perform.
sr. member
Activity: 420
Merit: 250
Alts like Ether that provide a true value to the market, have a chance at competing with BTC, but more importantly, the alt market as a whole is already thriving. BTC dominance is getting lower over time, the current rise has slightly stopped that, but over time it will likely continue. BTC will most likely remain the top crypto, but a lot is happening in the space.
I do not believe that it will happen that any other coin like Ether will come and will replace of threat bitcoin as these coins do not have that much ability to compete bitcoin as they themselves are in the way to proof their ability which is not yet as people still doubt on the ability of other coins while in case of bitcoin everyone believe on it hat yes this coin is getting the success and will not be able to drop down in the future as many companies are coming and are adopting bitcoin as their currency for their clients.

You may have a point but remember Eth has several contracts under its banner. This tokens may increase its value over time and possibly surpassed bitcoin in their accumulated total but its only an opinion. Bitcoin is already establish and it becomes already a de facto cryptocurrency where most altcoins in trading is pair to btc.
But the marketplace of etherium is not much better like that of bitcoin everywhere every person is looking for a payment system of bitcoin if they are looking for anonymous transaction. No one have looked for eth for any of its shopping purpose.
hero member
Activity: 868
Merit: 500
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Bitcoin does not have any competition against Altcoins and other types of Digital Currency that are out in the world today. The only thing about Altcoins that most people like about is the price and the price usually does not last that long because the price of Bitcoin causes the price of the Altcoins moving up or down.

Bitcoin investments that use only Bitcoin will cause the whole value of Bitcoin to go up since there won't be as many people wanting to spend it. Bitcoin might not be a currency, it is an investment that will make people from everywhere in the world a bunch of money if they know how to use it properly.
legendary
Activity: 3276
Merit: 1029
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Alts like Ether that provide a true value to the market, have a chance at competing with BTC.

Due to the latest result of ethereum market capitalization and ether is really possible to be a serious competitor for bitcoin. 7 billion dollars right now.

but more importantly, the alt market as a whole is already thriving. BTC dominance is getting lower over time,
Litecoin 24 hours trading volume has passed the bitcoin.
This gives a clue for us about the altcoin can't be called shitcoin (Although this can't be applied for all of the altcoins).

the current rise has slightly stopped that, but over time it will likely continue. BTC will most likely remain the top crypto, but a lot is happening in the space.
It will and another crypto will be following it.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
well ETH , ripplre , zcash , monero its still profitable ..so still had a chance for going high price soon in the future  Grin
I agree with you, ETH, ripple, zcash and monero is still profitable for trading altcoins, but i am doubt all of them
has chance to against bitcoin because they are still new altcoins be compared with bitcoin
and their marketcap are still little amount be compared with bitcoin too, will needs long time for them to against bitcoin.
Coins like monero are not meant to surpass bitcoin in my opinion, monero instead give to us the best chances of hiding our transactions by the use of clever anonymity techniques, so the purposes of both coins are completely different.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
Alts like Ether that provide a true value to the market, have a chance at competing with BTC, but more importantly, the alt market as a whole is already thriving. BTC dominance is getting lower over time, the current rise has slightly stopped that, but over time it will likely continue. BTC will most likely remain the top crypto, but a lot is happening in the space.

This. The competitor to BTC is likely to be Ether.

Ether transactions in the last 24 hours were 104,591, an all time high:

https://bitinfocharts.com/comparison/ethereum-transactions.html

At some point they'll exceed bitcoin transactions, and then we shall get the mother of all battles to be the #1 coin.
hero member
Activity: 714
Merit: 500
Too many altcoins now, Dash,Zcash, Monero and Rep increases their prices too. But i think none of them can replace the stability of BTC in cryptocurency.
WRong. They all have the chance to knock down Bitcoin when they are strong enough. There are not many people know about Bitcoin and that is why the prices of other alt still very low

Nah, the second and third biggest market caps are centralized shitcoins. Ethereum will hard fork in a hot second if there is something the dev doesn't like and Ripple is the most centralized piece of shit of them all. Litecoins are fine, Monero is fine but I wouldn't ever see the need to invest in them unless I was trying to be a greedy little whiner because I didn't get into bitcoins soon enough. They all have big ups and big downs. Not worth it IMO.

Hmm, this is something that really is not worth to do friends. All of the huge gains usually come from transactions that have a rising and significant declines. But it all does require a lot of time in order to not get the loss, you need to know bitcoin indeed gives a more secure advantage compared to other digital currencies. But instead of the bitcoin the right way to be able to get many advantages
 
hero member
Activity: 994
Merit: 544
For now I don't see it because the higher bitcoin price and I saw in the market altcoin free-fall, it proves investors still believe in bitcoin and the bitcoin charts still have not shown a decline.

The reason why bitcoin has the lead over alternative coins that have existed in the world of cryptocurrency is because of its market. Bitcoin have many exchanges all across the globe and you can convert it to local currency instantly while other altcoins does not have. If other altcoins have its own exchanger across the globe then it can compete with bitcoin but as of today no altcoin have its own exchange that you can convert to local currency.
legendary
Activity: 3038
Merit: 1169
If we talk about present and not so distant future. There is no cryptocurrency which has chances against bitcoin. Bitcoin has the first mover advantage. Therefore it will keep its first position safe for some time. But I shy away from absolutes. There is a complete chance of an altcoin surpassing bitcoin surely not in coming future but yeah someday.


There is a possibility and perhaps some Altcoins was dumping on purpose so bitcoin will get the heights he deserves, but if they would have a chance to get the top spot of the food chain I think he will not think twice to take it, my opinion is Altcoin can surely do it, but the price of bitcoin today was incredible and a mere altcoin can not handle the heat of the increasing value of bitcoin that is nearing to $1600 as of now the total value is $1576.93 on the google converter!
full member
Activity: 210
Merit: 100
If we talk about present and not so distant future. There is no cryptocurrency which has chances against bitcoin. Bitcoin has the first mover advantage. Therefore it will keep its first position safe for some time. But I shy away from absolutes. There is a complete chance of an altcoin surpassing bitcoin surely not in coming future but yeah someday.
hero member
Activity: 1414
Merit: 505
Backed.Finance
Alts like Ether that provide a true value to the market, have a chance at competing with BTC, but more importantly, the alt market as a whole is already thriving. BTC dominance is getting lower over time, the current rise has slightly stopped that, but over time it will likely continue. BTC will most likely remain the top crypto, but a lot is happening in the space.
I do not believe that it will happen that any other coin like Ether will come and will replace of threat bitcoin as these coins do not have that much ability to compete bitcoin as they themselves are in the way to proof their ability which is not yet as people still doubt on the ability of other coins while in case of bitcoin everyone believe on it hat yes this coin is getting the success and will not be able to drop down in the future as many companies are coming and are adopting bitcoin as their currency for their clients.

You may have a point but remember Eth has several contracts under its banner. This tokens may increase its value over time and possibly surpassed bitcoin in their accumulated total but its only an opinion. Bitcoin is already establish and it becomes already a de facto cryptocurrency where most altcoins in trading is pair to btc.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
I don't believe that there alts right now which are able to threat the domination of bitcoin. This, however, does not exclude the possibility of another alt, say litecoin, to be used as payment instead of bitcoin in daily micro-transactions. The reasons are known to all of us. Moreover where the privacy matters then instead of bitcoin some people would prefer the monero with its unique features concerning anonymity to do their financial transactions.
sr. member
Activity: 420
Merit: 250
Alts like Ether that provide a true value to the market, have a chance at competing with BTC, but more importantly, the alt market as a whole is already thriving. BTC dominance is getting lower over time, the current rise has slightly stopped that, but over time it will likely continue. BTC will most likely remain the top crypto, but a lot is happening in the space.
I do not believe that it will happen that any other coin like Ether will come and will replace of threat bitcoin as these coins do not have that much ability to compete bitcoin as they themselves are in the way to proof their ability which is not yet as people still doubt on the ability of other coins while in case of bitcoin everyone believe on it hat yes this coin is getting the success and will not be able to drop down in the future as many companies are coming and are adopting bitcoin as their currency for their clients.
legendary
Activity: 1862
Merit: 1004
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.


LTC 4X BTC Transaction Capacity

LTC Very Cheap to Transfer coins verses BTC already too high Transaction Fees.

CoinBase Wallet that places the two on equal footing with Merchants.

Segwit & LN, really don't matter.  LTC is technically and economically superior to BTC.

To all that believe BTC is always going to be on top and treat BTC as a religion and not a product , you worship a false idol.



 Cool
Ok, I get your point. Litecoin is superior coin, technologically at least. Agree, for now it is.
So Following your logic - let's create a coin which will have transaction capacity comparable to Visa (it is insane number, I know) with fees lower that LTC.
So if SegWit and LN doesn't really matter the only difference would be getting Coibase Wallet and we have the most advanced coin, hands down.
You know what the problem would be with that coin? Bitcoin had near perfect initial distribution. All coins created after are worse because of that.
sr. member
Activity: 364
Merit: 250
Spectiv Crowdsale: December 8th
Alts like Ether that provide a true value to the market, have a chance at competing with BTC, but more importantly, the alt market as a whole is already thriving. BTC dominance is getting lower over time, the current rise has slightly stopped that, but over time it will likely continue. BTC will most likely remain the top crypto, but a lot is happening in the space.
full member
Activity: 120
Merit: 100
Perhaps in a few years something will change, but now bitcoin is the best coin and is constantly evolving.
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