Topic: Do you see alts have chances against Bitcoins? - page 87. (Read 51088 times)
The great advantage of bitcoin is being the first coin, it has opened its marked and made a room in it. It´s the coin that it´s being adopted and known by the people. Altcoins have to drive this road too, standing at the shadow of bitcoin. Some are doing well finding its own place like ripple or ethereum. I don´t think, today, an altcoin can replace bitcoin or take its place in the head of crypto but some coins can get a good place by its side.
I think if an altcoin is going to rival bitcoin it will need to do something unique, have a specific purpose and not just be a copycat of bitcoin.
ETH as an example is doing just that, I do think at some point we will see a newcomer that will outshine bitcoin but when is the question.
ETH as an example is doing just that, I do think at some point we will see a newcomer that will outshine bitcoin but when is the question.
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?
We can't really based that the current success of some altcoins today might have chances to go against bitcoin. My concern here is not the technical aspect of bitcoin but it's price. I doubt most of the traders cares for the slower confirmation times, maybe some but not much. That is fine to them as long as they are making money. And with bitcoin, the profit is really at high stake.
Im not seeing any altcoin today that cares for it's unique feature that bitcoin doesn't have. All of them just focus on it's price that's why I considered them altcoins as other money making scheme. With the trust that bitcoin established thrroughout the season, it will take time to get it down or maybe I will assume it's impossible to happen. Once bitcoin failed, people will now have no trust in using cryptocurrency.
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.
No way to prove that big businesses are moving towards other alts these days but few alts have been good choice for many new projects to create their tokens and sell them with ICO. However many of this ICO are scams. Alts are good if you like to make nice profit with day trading but bitcoin is still gold in crypto.
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.
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.
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'd say that you're going to be kind of hard-pressed to find any kind of altcoin that has a real fighting chance, but there are a few competitors that can have their own potential to take some of a market share from Bitcoin. For the most part, however, it is far more likely that you're never going to see an alt pass Bitcoin simply because of the services and communities built around Bitcoin. It's hard to break into a market like the one Bitcoin has secured for itself. 
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.
Exactly, it is very hard to predict what is going to happen in next 10 year in the cryptocurrency world.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.
I think that LTC lately has grown up, showing it's potential thanks to the possible SegWit implementation.
But as can be observed, ETH has also a big chance to take a lot of the market ( and already has, after bitcoin ).
I also believe that Monero may have opportunity to build-up, thanks to the anonymousness of this altcoin.
After all, there is a possibility of totally new altcoin growing up, and taking big part of the market.
But all of that is just speculation about future, it is only my opinion.
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.
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.
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?
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