Do you see alts have chances against Bitcoins? - page 71.

n2004al

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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 don't think that there will be competitors for bitcoin in price. Even there will be better altcoins compared to it. Like ethereum or some other altcoin. The popularity of bitcoin is immense and is growing everyday. No one other altcoin has such popularity. Anyhow never say never. So exist an 1% of probability that some other altcoin goes higher than bitcoin. But for me this 1% don't exist or better is only theorique.

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Quote from: the rise on April 27, 2017, 11:52:36 PM

Quote from: Ivanwatson on April 27, 2017, 11:27:40 PM

There is no other cryptocurrency in the world that is going to become more famous than Bitcoin right now...BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.

It seems you are not paying attention to altcoin assets that keeps growing and can come in anytime when bitcoin fades, for example the smart contract concept offered by ethereum that has got the trust of its users, I don't say bitcoin will lose, but all success in this world comes from Endless innovation, if innovation die it will be drowned by competitors.

Yes do not focus in bitcoin only, expand you capability to invest in other cryptocurrency also. Bitcoin is for long term but it doesn't mean that it will be here forever because it will gets old and slow so it is better to have a back up currencies for long term that you will choose to hold in terms of long term, there is a lot of currencies worth it to invest in the market just look and do your own study before you buy.

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Quote from: Ivanwatson on April 27, 2017, 11:27:40 PM

There is no other cryptocurrency in the world that is going to become more famous than Bitcoin right now...BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.

It seems you are not paying attention to altcoin assets that keeps growing and can come in anytime when bitcoin fades, for example the smart contract concept offered by ethereum that has got the trust of its users, I don't say bitcoin will lose, but all success in this world comes from Endless innovation, if innovation die it will be drowned by competitors.

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There is no other cryptocurrency in the world that is going to become more famous than Bitcoin right now...BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.

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Quote from: Rinder on April 27, 2017, 09:44:34 PM

Its true that if bitcoin remains with the issues it has now the huge delays over transactions and high fees around others coins will get more power against bitcoins, the current altcoin market already showed there are coins ready to assume if bitcoin fails. Bitcoin is king and will very hard to moove the money around it into other coins, but not impossible, bitcoin need solutions and to upgrade otherwise altcoins will dominate crypto.

Bitcoin still holds the market dominance in the crypto market capitalization.
Too many a coins have resolved the bitcoin's problem. But in fact, if the bitcoin still hold a lot of the volume that the bitcoin has to dominate the crypto market.
In the technical aspects altcoin has become a winner than bitcoin but from popularity, average people's knowledge and another aspects bitcoin still being a winner.
It must be considered from a lot of view.

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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?

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.

Rinder

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Its true that if bitcoin remains with the issues it has now the huge delays over transactions and high fees around others coins will get more power against bitcoins, the current altcoin market already showed there are coins ready to assume if bitcoin fails. Bitcoin is king and will very hard to moove the money around it into other coins, but not impossible, bitcoin need solutions and to upgrade otherwise altcoins will dominate crypto.

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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

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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.

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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.

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 .

those people who start speculating about this kind scenario i think the one who have a certain agenda.

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Quote from: Cactushrt on April 27, 2017, 08:12:14 AM

Quote from: nightxglow on April 27, 2017, 04:55:56 AM

I don't think alt have any chance to replace bitcoin, bitcoin is the first and the pioner of crypto and it will be the benchmark of crypto. Bitcoin already so popular and a lot of money already put into it. Yes bitcoin has trouble about transaction time and fee right now, but i believe there will be a way to solve that.

Yes it's not easy to replace bitcoin by other altcoins but as we can see the market value of ETH there are also possibilities this altcoin can compete against btc. There are some ico coins that ETH based so there are chances

although it can be possible as it is depending on the mood of the people. if people will start taking interest in any other currency then the new currency will boost up and will even leave bitcon behind, but i do not think that in present time or in near future such thing can happen because still people are giving more preference to bitcoin as compare to any other crypto currency, therefore i think bitcoin will still continue as number one crypto currency of the world

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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.

bamboylee

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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.

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Quote from: Celsiuss on April 27, 2017, 08:29:18 AM

From my point of view, no. I don't really see why they exist really. I have only seen people really using them for investments.

Altcoins have their own implementations. Some are for gambling, they have their own coin that is used for betting, cashing in/out, or whatever type of transactions in gambling, some are used for a specific area. Many implementations are present but their value mostly rely on bitcoin. Most of them (alts) are just, what they say, pump and dump coins. Some have potential but bitcoin is bitcoin.

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Quote from: mornabo on April 27, 2017, 12:39:17 AM

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.

If outsiders know about cryptocurrency they will choose using bitcoin as it is safer than altcoin. I think the possibility of altcoin for take over bitcoin is very small dude. Because people's mindset has been made that altcoin is only for options for trading or investing in bitcoin

A group of people outside the community that could be very interested in altcoins are investors, they love to make money in any way they can and if investors discover altcoins they will have a new toy to play with and to try to make as much money as possible.

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Quote from: ipungadhi on April 27, 2017, 09:48:53 AM

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.

Yeah everyone will say that nokia will be the king of electronics in the future some years ago. But all could happen. And you can see this time nokia disappeared

poor nokia. They should be the king but sadly, other companies are so strong. Apple, samsung, etc. They grow much faster than Nokia. IT seems that Nokia does not want to develop anymore. Respect what it has done for the world. Hope that Bitcoin will not follow its path

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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.

Yeah everyone will say that nokia will be the king of electronics in the future some years ago. But all could happen. And you can see this time nokia disappeared

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Quote from: Janation on April 27, 2017, 08:19:09 AM

Quote from: Cactushrt on April 27, 2017, 08:12:14 AM

Quote from: nightxglow on April 27, 2017, 04:55:56 AM

I don't think alt have any chance to replace bitcoin, bitcoin is the first and the pioner of crypto and it will be the benchmark of crypto. Bitcoin already so popular and a lot of money already put into it. Yes bitcoin has trouble about transaction time and fee right now, but i believe there will be a way to solve that.

Yes it's not easy to replace bitcoin by other altcoins but as we can see the market value of ETH there are also possibilities this altcoin can compete against btc. There are some ico coins that ETH based so there are chances

There is a slight chance that they can replace bitcoin, just slight, but it will take maybe years, long years before they can caught up from where bitcoin is right now. ICO coins are really great that they might really be popular like thebother altcoins, but not as popular as bitcoin.

the bitcoin user was too large spread and hard to make all of them just move into a new altcoin. they would prefer to develop current bitcoin ecosystem. it's not impossible , yeah i just don't think it could happened soon. there's must be some big accident causing bitcoin popularity get dropped , even a high fee and the transaction time issue recently didn't affected much on bitcoin price .

Celsiuss

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From my point of view, no. I don't really see why they exist really. I have only seen people really using them for investments.

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Quote from: Cactushrt on April 27, 2017, 08:12:14 AM

Quote from: nightxglow on April 27, 2017, 04:55:56 AM

I don't think alt have any chance to replace bitcoin, bitcoin is the first and the pioner of crypto and it will be the benchmark of crypto. Bitcoin already so popular and a lot of money already put into it. Yes bitcoin has trouble about transaction time and fee right now, but i believe there will be a way to solve that.

Yes it's not easy to replace bitcoin by other altcoins but as we can see the market value of ETH there are also possibilities this altcoin can compete against btc. There are some ico coins that ETH based so there are chances

ETH is just a basic example. It is not the strongest altcoins, value is not the decisive factor for its strength. The popularity of the new community is the most important, which is evident in the major trading floors. Beside ETH, we have many other powerful altcoins, EDG, TRST, DTB ... In addition, LTC is also a very strong currency, it is moving towards segwit, and it has the ability to become The most powerful bronze in the future.

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