Do you see alts have chances against Bitcoins? - page 70.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: sana54210 on May 02, 2017, 01:35:49 AM

Quote from: Polar91 on April 27, 2017, 09:50:09 PM

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?

Of course there are chance that altcoins can beat bitcoin since there are many investors that are currently interested in digital currency which they are looking for such coins which has a potential to go against or compete with bitcoin such as etherum, ltc, and many more. Also, since transaction os bitcoin isn't that fast enough to gets confirmed, it is the opprtunity of an altcoins to focus more on what bitcoin doesn't have in order to go against with it.

I don’t think that the block of issues people mentioning here can beat bitcoin though it need to be solved. But bitcoin has always had an upper hand. If others are good then bitcoin is the gold. In my personal opinion bitcoin will always be the leader. Altcoins may come and go but bitcoin will stay with us for ever.

People do classify bitcoin as a currency and all other altcoins are as applications. We are here for finding a new currency system not just an applications.

Are you kidding me? The blocking issue is really disturbing the bitcoin communities. The blocking issue makes more bitcoin traders feeling convenience for using altcoin to be fast transanction through his chain (off-chain)

Bitcoin and altcoin still always be considered as cryptocurrency.
Lol what do you mean about application? Do you consider it as an application? Shocked

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: Polar91 on April 27, 2017, 09:50:09 PM

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?

Of course there are chance that altcoins can beat bitcoin since there are many investors that are currently interested in digital currency which they are looking for such coins which has a potential to go against or compete with bitcoin such as etherum, ltc, and many more. Also, since transaction os bitcoin isn't that fast enough to gets confirmed, it is the opprtunity of an altcoins to focus more on what bitcoin doesn't have in order to go against with it.

I don’t think that the block of issues people mentioning here can beat bitcoin though it need to be solved. But bitcoin has always had an upper hand. If others are good then bitcoin is the gold. In my personal opinion bitcoin will always be the leader. Altcoins may come and go but bitcoin will stay with us for ever.

People do classify bitcoin as a currency and all other altcoins are as applications. We are here for finding a new currency system not just an applications.

Cryptonite310

full member

Activity: 227

Merit: 100

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.

Nicely worded, it's a bit too early to tell what's going to happen with BitCoin. The length of time this current situation of it's scaling issue is having is making me lose a little faith in BitCoin as when something comes up, it's core team will take a long time to come up to a solution.
Many alt coins out there have already gone ahead and "fixed" bitcoin's scaling issue. It's just they don't have the market attention for them to gain attraction. As with those large firms moving towards alt coins, I can see why, however in the long run, I can see BitCoin go up in value.

babysweetTiger0401

sr. member

Activity: 777

Merit: 251

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 doubt that there is alts have chances against Bitcoin. If you are going to look at the value of bitcoin into altcoins there is a big difference.. So how come that is happen, maybe in their dreams only but not in reality.

icecube45

legendary

Activity: 1218

Merit: 1000

Quote from: Viyamore on April 30, 2017, 01:33:44 AM

It will be hard to predict and speculate what could possibly happen in the coming future .I come to think the maybe ethereum will be almost there but it will not chance to take over bitcoin .If we see the foundation and credibility of bitcoins in the most big companies and countries it will become to hard that any altcoin will be more than bitcoins .Some altcoins have better features only but the point is the usage of bitcoins now that creates duplicate of altcoin can never be against bitcoins .

It is just like if you introduced ethereum it will be hard for people to know it unlike bitcoins will be easy to understand and all concepts about cryptocurrency is there.

Right, I agree with you. First, no one will know what it looks like in the future so it will be difficult to predict and speculate. Second, it is impossible for altcoin to take over bitcoin (although altcoin has better features than bitcoin). That's my opinion because bitcoin still has the greatest demand from other altcoins, even altcoin like ethereum. It proves that bitcoin is still superior and altcoin has no chance against it.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: Viyamore on April 30, 2017, 01:33:44 AM

It will be hard to predict and speculate what could possibly happen in the coming future .I come to think the maybe ethereum will be almost there but it will not chance to take over bitcoin .If we see the foundation and credibility of bitcoins in the most big companies and countries it will become to hard that any altcoin will be more than bitcoins .Some altcoins have better features only but the point is the usage of bitcoins now that creates duplicate of altcoin can never be against bitcoins .

It is just like if you introduced ethereum it will be hard for people to know it unlike bitcoins will be easy to understand and all concepts about cryptocurrency is there.

Cryptocurrencies! starts with bitcoin and bitcoin right now has the right to be well known all over the world because of the competition it is showing regarding GOLD and other commodities out there and unlike Ethereum and other Alts that are a mare copy of bitcoin that are still catching up to the pace of bitcoin right now it will need years to attain this kind of stature, but we may never know the future it might have for us and the impending fork is still up for grabs that most people are preparing for.

Viyamore

hero member

Activity: 658

Merit: 500

It will be hard to predict and speculate what could possibly happen in the coming future .I come to think the maybe ethereum will be almost there but it will not chance to take over bitcoin .If we see the foundation and credibility of bitcoins in the most big companies and countries it will become to hard that any altcoin will be more than bitcoins .Some altcoins have better features only but the point is the usage of bitcoins now that creates duplicate of altcoin can never be against bitcoins .

It is just like if you introduced ethereum it will be hard for people to know it unlike bitcoins will be easy to understand and all concepts about cryptocurrency is there.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: wyndellvengco on April 30, 2017, 12:38:44 AM

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.

Those coins are just hyping the market and the people that will invest to their coin will get a huge loss in the future because they are not hat good coins that can compete with bitcoin. In my opinion, there is a lot of altcoins but just some of them have a potential to replace bitcoin in the near future but now, bitcoin is still the best.

wyndellvengco

member

Activity: 72

Merit: 10

Godbless us ALL!

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.

mrjoy15

hero member

Activity: 868

Merit: 504

Quote from: Vorth on April 29, 2017, 01:31:45 PM

I am not a fan of any alts but recently tried ETH to make few micro transactions of 1$ with just around 1cent worth ETH on fees. I find this really helpful and i think i will do same for other micro transactions in future.

However i don't think people will move form bitcoin to other alts completely due to this block size issues because price of all other alts are really volatile and many don't want to take risk of holding large amount of alts in their wallets.

That's why I'm also fond of some of altcoins especially will mark Ethereum, Dash, Monero, Litecoin. There micro transactions fees one of the good side so there no reason why not experiment these coins. But still it's good behind the Bitcoin and surely in near no chance to lead . However, I'm satisfied to use these coins in trading, gambling.

Vorth

full member

Activity: 210

Merit: 100

I am not a fan of any alts but recently tried ETH to make few micro transactions of 1$ with just around 1cent worth ETH on fees. I find this really helpful and i think i will do same for other micro transactions in future.

However i don't think people will move form bitcoin to other alts completely due to this block size issues because price of all other alts are really volatile and many don't want to take risk of holding large amount of alts in their wallets.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: CyberKuro on April 28, 2017, 02:43:00 PM

Quote from: Fatanut on April 27, 2017, 03:07:33 PM

Quote from: FlamingFingers on April 27, 2017, 01:01:54 PM

Quote from: bamboylee on April 27, 2017, 12:53:07 PM

What is good with alt is they can correct what bitcoin lacks in their implementation. I think, if there is an altcoin that can avoid the problems that bitcoin is facing right now, that coin can become the next bitcoin.

It would take a lot of years for any altcoin to gain what Bitcoin has now (reputation, adoption, price, etc.). I admit that there are quite a lot of great altcoins, but for me, if Bitcoin were gone for good, I would lose any interest in the digital crypto currency world.

You can't say that for sure because we don't know yet the reason why bitcoin disappeared. If it was because of another cryptocurrency that's more interesting than bitcoins, then I think people will start having even more interest in the cryptocurrency world. This whole thing is not just about trust wherein when bitcoin has disappointed you, you'd forever shut down the whole crypto-currency world. This is about being disappointed in a failed coin and be able to gain your loss from other investments. Basically about how you go up once you fall down.

I think so, everything is fair in the cryptocurrency market even though some people want to manipulate it in order to get instant profits.
But at least we know that better coin will lead the market, bitcoin as the first one still become the best but can you see another coin which has potential and high price right now, sitting on the second position after bitcoin? As long as confirmation time and fees are the problems for bitcoin users, people may look at another coin to invest.

How come people haven't moved to another coin then, given the fact that there are coins that have a faster and cheaper transaction than bitcoins. Bitcoin has a confirmation time problem and kind of high fees as well but is there any coin that has solved it so far? Nope, there are some but not by that much. It's not enough reason for people to migrate from the best to the second best. Lightning network is what people are looking for and it's more than enough reason for people to start using another coin primarily.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: NEWGOODOUBLE on April 27, 2017, 06:19:09 PM

Quote from: South Park on April 26, 2017, 10:48:50 AM

Quote from: DoublerHunter on April 26, 2017, 06:47:38 AM

Quote from: mace15 on April 26, 2017, 04:48:14 AM

This is hard to predict altcoins against bitcoins because nowadays bitcoin has been leading among the cryptocurrency. And it is being used by many people againts altcoins, so Im stil hoping altcoins would stand top against bitcoin. Even bitcoins is most promising and currently price is soaring high.

You can still predict the path of altcoin in the market if you do a lot of research, we all know that bitcoin is on the top of the list in the market but does not mean that bitcoin will be there forever, there still a lot of altcoins in the market that have a lot of potential against bitcoin and just waiting to be discovered by us. Don't think negative, just take risk and be always positive.

I don’t think altcoins are waiting to be discovered by us, since I guess most of the user of the forum with capital are invested in some other coins other than bitcoin the altcoins needs to be discovered by other people outside of the community if they hope to take over bitcoin.

I do not think that altcoin will be more prioritized than bitcoin. See all altcoin the price following the price of bitcoin. Although some altcoins have a rate in dollars. But altcoin is just an investment option other than bitcoin

although there is always as a chance for every alt coin, but i think the really is that bitcoin is still the number one currency of the world and will always remain as number one in future, because i still cannot see any altcoin that can comet bitcoin in present position.

Sundark

hero member

Activity: 560

Merit: 502

Quote from: avikz on April 28, 2017, 02:57:11 PM

Bitcoin initially started as a transaction provider but due to the high transaction fees, people will eventually stop using it as a transaction currency and treat it as an investment currency. In the meantime, some other alts will have higher price because of it’s usability. It is bound to happen but not so soon.

Bitcoin evolution is not over, don't say that it will be replaced by other better altcoins because it is slow.
BTC can be upgraded and it is not a problem that we can't do it, or we don't have technology.
This is totally political debate + big money that are hindering bitcoin's progress above all else.
Altcoins can be upgraded very easily because, either: community is not big enough, users don't care, there is only one way to upgrade.

SHAWN-MIDWAYS

hero member

Activity: 686

Merit: 521

one thing is for sure , bitcoin is well known and established which can not struggle getting investor support but the current transaction backlogs and high transaction fees

simply allows altcoins to grow in popularity and should they prove worth their while alts will have a chance against bitcoins

avikz

legendary

Activity: 3080

Merit: 1500

I don’t see it as a threat to bitcoin’s popularity. Bitcoin will remain the number one as an investment and trading currency. No other currency will be able to beat that at least for another 5 years. However, it is also good to see the some alts are finding meaning at last.

Bitcoin initially started as a transaction provider but due to the high transaction fees, people will eventually stop using it as a transaction currency and treat it as an investment currency. In the meantime, some other alts will have higher price because of it’s usability. It is bound to happen but not so soon.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: Fatanut on April 27, 2017, 03:07:33 PM

Quote from: FlamingFingers on April 27, 2017, 01:01:54 PM

Quote from: bamboylee on April 27, 2017, 12:53:07 PM

What is good with alt is they can correct what bitcoin lacks in their implementation. I think, if there is an altcoin that can avoid the problems that bitcoin is facing right now, that coin can become the next bitcoin.

It would take a lot of years for any altcoin to gain what Bitcoin has now (reputation, adoption, price, etc.). I admit that there are quite a lot of great altcoins, but for me, if Bitcoin were gone for good, I would lose any interest in the digital crypto currency world.

You can't say that for sure because we don't know yet the reason why bitcoin disappeared. If it was because of another cryptocurrency that's more interesting than bitcoins, then I think people will start having even more interest in the cryptocurrency world. This whole thing is not just about trust wherein when bitcoin has disappointed you, you'd forever shut down the whole crypto-currency world. This is about being disappointed in a failed coin and be able to gain your loss from other investments. Basically about how you go up once you fall down.

I think so, everything is fair in the cryptocurrency market even though some people want to manipulate it in order to get instant profits.
But at least we know that better coin will lead the market, bitcoin as the first one still become the best but can you see another coin which has potential and high price right now, sitting on the second position after bitcoin? As long as confirmation time and fees are the problems for bitcoin users, people may look at another coin to invest.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: EdenHazard on April 27, 2017, 02:59:35 PM

that is completely true , once an altcoin takeover bitcoin place as the best and useful cryptocurrency , some people might will just lost their interest in digital money world , cryptocurrency investment , cryptocurrency business etc. too much love for bitcoin .

now there no shortage of fiat routes in, there are many speculators who've probably never touched bitcoin.

people here often forget how tiny bitcoin is. if 5% of malaysia started using an alt they'd outnumber bitcoin users.

i think it's very possible there'll be coins that could be as big as bitcoin and everything would still be fine. the whole scene is changing and there are still billions who haven't arrived.

that being said i don't think many or any of the current alts are well tested or honest enough to deserve my trust.

aeternus

sr. member

Activity: 686

Merit: 250

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?

Not at the moment bitcoin is very strong at the moment so the only possibility I see for altcoins is if bitcoin does not present any improvement for the next years while altcoins do.

NEWGOODOUBLE

sr. member

Activity: 476

Merit: 250

Quote from: Daniel91 on April 26, 2017, 03:18:33 AM

Right now, bitcoin is on the top, number 1, it's obvious.
Bitcoin already have very strong foundation, many users, merchants, even bitcoin ATM, debit cards, many exchangers accept bitcoin etc.
All this is fine but in the Internet world it's very difficult to predict future, next 5, 10 or 20 years.
Do you remember Nokia, or AOL, for example?
They was industry leaders, but more advanced technology, smartphones and Google replaced them.
So, if something better comes, it will replace bitcoin.
We don't know yet what may happen in the future.

I think nokia is losing competitiveness because they are not doing any innovation than its competitors. But bitcoin will continue to evolve and innovate that's why bitcoin will persist

Topic: Do you see alts have chances against Bitcoins? - page 70. (Read 51088 times)