Topic: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? - page 4. (Read 521 times)
May 29, 2018, 06:27:06 PM
If a new technology for altcoyins has already been invented, this is in any case very good. This is not so important as it will affect the bitcoin. The main thing is that this will be for the benefit of the technical progress of man. Bitcoin must adapt to new technologies and accept them, or it will be rejected. Such a law of the market.
May 29, 2018, 05:04:03 PM
It is quite apparent that most people do make demands for the bitcoin most times when they need to buy the altcoin. A very sharp increase can be when a prominent and prospective altcoin comes to the market. At Pre-ICO and ICO stage and also when it finally hits the market.
May 29, 2018, 04:42:59 PM
So that you do not think, but progress can not be stopped. We should not evaluate everything from the point of view of how this will affect the bitcoin. In my opinion, bitcoin was created for man, and not a man for bitcoin. We must consider technical innovations in terms of how this will affect a person's life. Therefore, if new technologies that create altcoyins with new good qualities are already invented, this is in any case good, no matter how it affects the bitcoin. If bitcoin wants to remain the leader of the crypto currency, he must quickly and on time improve, otherwise he can leave the market.
May 29, 2018, 04:28:05 PM
Yes increased awareness is a thing but we should remember this that it will more or less decrease the number of investors available to Bitcoins is what I think..
Long before there was only Bitcoins and people had to invest in this only because there was no other option but now you do have a lots of options thus we should remember that with so many options the economic value of Bitcoins alone will decrease and the popularity too.
I'm not so sure of that, it is true that the more cryptocurrencies in the market the smaller the market dominance of bitcoin but we must remember that most of those coins are completely useless and at some point I really think we are going to see a massive disappearance of those coins leaving a smaller market in terms of the number of projects but with better quality. Long before there was only Bitcoins and people had to invest in this only because there was no other option but now you do have a lots of options thus we should remember that with so many options the economic value of Bitcoins alone will decrease and the popularity too.
May 25, 2018, 03:37:42 AM
Many people just stay in the negative news for the new altcoin. I think the new altcoin is good for bitcoin development. The community needs expansion and there must be many new altcoin so that the whole industry can expand faster.
New altcoins and blockchain based technologies are can not have a huge impact on the Bitcoin. Bitcoin has its own status and has been able to attract investors despite everything the other technologies offer. They have never been able to replace or outshine Bitcoin, and I do not think they will. Bitcoin has attracted so many money that it has gone beyond the galaxy of crypto that the rest of the coins just dream of. May 21, 2018, 10:57:43 PM
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
I think it’s possible if a new coin will have new advantages that are not available to BTC and other cryptocurrencies. For example, if the coin will be secured by real estate.
May 21, 2018, 10:27:35 PM
I think it actually takes away from bitcoin's legitimacy , too many scams going around these days.
May 21, 2018, 10:26:21 PM
I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
With the overwhelming development of new coins every day, it turns out that some of these coins are just copy paste of others and some are eventually being abandoned by the developers and just exist in the market for speculation purposes. With thousands of coins created, there are some that has a real world purpose while some are just all idea even if there is a successful ICO as they wasn't able to develop a product yet.
Even if only half of those coins or even a quarter of it is viable and use by the people for its actual use, it is good for bitcoin as for me since it will help with the exposure of cryptocurrencies. If someone benefits from those coins, he would promote it to his family and friends and then others would learn about cryptocurrency. There would be a bad impression though when someone bought a coin and he was dumped on.
May 21, 2018, 10:08:16 PM
Yes increased awareness is a thing but we should remember this that it will more or less decrease the number of investors available to Bitcoins is what I think..
Long before there was only Bitcoins and people had to invest in this only because there was no other option but now you do have a lots of options thus we should remember that with so many options the economic value of Bitcoins alone will decrease and the popularity too.
Long before there was only Bitcoins and people had to invest in this only because there was no other option but now you do have a lots of options thus we should remember that with so many options the economic value of Bitcoins alone will decrease and the popularity too.
May 21, 2018, 10:00:44 PM
I think new altcoins coming out in the market means that cryptocurrency is growing and expanding. We don't know if it would be good or bad depending the outcome. Let's wait and see in the future.
May 21, 2018, 09:51:53 PM
I mean it really depends on what you want out of Bitcoin and the crypto community. If you want Bitcoin to grow in value (in price) then no, you don't want another coin to be present to be able to be used as another investment tool for people. You only want one choice so people will all jump on the Bitcoin train. Though this isn't the same case if you want crypto to dominate currencies, all you want is for coins to be the most innovative and most useful that they can be. You want the LN, you want nanoblocks like coins that have no fees (I think) and confirm instantly.
You don't care what it is if you're all for the currency. All you want is low to no fees, instant confirmation, and low to no volatility in value.
You don't care what it is if you're all for the currency. All you want is low to no fees, instant confirmation, and low to no volatility in value.
May 21, 2018, 08:54:22 PM
That makes sense though Bitcoin is still alive and kicking even if a lot of new Alt coins are popping up that is actually better than Bitcoin that we know. A lot of altcoins will continue to emerge and even if that happens, I don't see Bitcoin being covered up by these altcoin since there is a lot of investors and traders that is looking forward in Bitcoin's price in the future.
The only problem is when people buy alts is that the market dominance of Bitcoin is lessen as it will go to the new shitcoins that are made. But then I feel like whenever there is a new alt is born, another one dies and does balance the market.
May 21, 2018, 04:15:27 PM
I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
In the case of the coin that you are describing it is impossible for it to have a bad effect on bitcoin because it will be a very specialized coin with a very specialized use, but it will have the good effect of promoting cryptocurrencies and promoting its use and since bitcoin is still the most widely used cryptocurrency bitcoin will be the biggest winner in such a scenario. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
May 21, 2018, 03:01:06 PM
Perhaps for the bitcoin itself, the appearance of new coins and tokens does not bode well. However, the future of the industry, in my opinion, is in the altcoins and platforms for the blockchain. The idea of digital gold has failed and now it is necessary to seek a new application for crypto.
May 20, 2018, 02:22:45 PM
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
In general it would have a good effect as it will make other people aware of what cryptocurrencies are but realistically I don't see any ICOs that will be more popular to BTC on its announcement date, you do have a good example as you have used McDonalds which I think as of right now is more popular than Bitcoin, them creating a cryptocurrency would boost awareness to the market but not all developers are as famous as McDonalds. 
May 20, 2018, 02:07:53 PM
I think it is always good, even if it is something against bitcoin like bitcoin cash, or a altcoin which is not related to bitcoin because bitcoin is not affected by anything, it is like god of crypto.
In other words, these altcoins also have a good impact on the bitcoin. Okay, let say a newly emerged altcoins in the marketcap, I have that new altcoin in my wallet from the bounty rewards and now I want to trade my altcoin reward to bitcoin for easy converting into fiat.So, bitcoin was always there and support to crypto holder.
May 20, 2018, 01:44:18 PM
I think it is always good, even if it is something against bitcoin like bitcoin cash, or a altcoin which is not related to bitcoin because bitcoin is not affected by anything, it is like god of crypto.
May 20, 2018, 01:42:51 PM
I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
I think it depends if that particular altcoin shall be known to all people around the world. Since most people only know 1 coin and that is Bitcoin.
May 20, 2018, 01:28:42 PM
Bitcoin has been holding its position for eight years and still growing without any security failures. Bitcoins have been tested many times as compared to other younger alternatives available. Furthermore they are easier to access and have more merchants, exchange, hardware and software to support it. Its more liquid and have more market cap than any other alt coin. It has the biggest ecosystem and attracts many business minds to apply and use it for further enhancing the productivity and processes.
All these above factors certainly put Bitocoins on a superior position than any other block chain based coins.
But if we look carefully we will know Bitcoin has been having it's own issues and only change in model and shift in network and software model can help Bitcoin to grow fiercely in the coming times or else other block chain based coins could reach close to Bitcoins or even take the lead offering wide applications and exclusive services.
All these above factors certainly put Bitocoins on a superior position than any other block chain based coins.
But if we look carefully we will know Bitcoin has been having it's own issues and only change in model and shift in network and software model can help Bitcoin to grow fiercely in the coming times or else other block chain based coins could reach close to Bitcoins or even take the lead offering wide applications and exclusive services.
May 20, 2018, 12:51:40 PM
i think if there a new altcoin can make bitcoin even more stronger because you know is something that like they still using the blockchain system and the bitcoin price are still can make the every price are going to moved too by it
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