I do not want bitcoin to control the price of the market. There are lots of potential coins, but falling bitcoins will lead to falling coin prices. I need a reasonable solution so bitcoin will also grow like another coin
Topic: Does crypto need to step out of Bitcoins shadow? Opinions please? - page 4. (Read 625 times)
June 16, 2018, 08:04:27 AM
I want the crypto to step out of the ball of bitcoin. altcoin prices are heavily dependent on bitcoin prices. If this continues to happen in the future, people will probably never invest in altcoin
Hi guys, just wondering about other peoples opinion on this.
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
Should be the other way around. Honestly, my impression so far is that most altcoins are just being used as a tool for speculative trading. Sure there are some outliers that actually useful like Ethereum but most are just meant to make gains from crazy speculative trading. Devs pre-mining a coin, ICO organizers take a lot of stakes, pump and dump, market manipulation, that's all I see from most altcoin so far. If crypto ecosystem wants to grow, people need to move on from these things, forget about getting rich quick with a 100x coin, and focus more on things that actually work and have real impact: Bitcoin. In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
you can never get cryptocurrencies from the bitcoin shadow because bitcoin works as fiat money for the other cryptocurrencies, in all exchange you need bitcoin to buy another crypto.
There are no promising projects, all new coins are just copies of existing ones, thousands of projects have already promised to solve all the problems that Bitcoin has or bring some new features, yet no one has actually achieved that. Almost no one actually uses altcoins, especially those that are below top 20. If some talented people are actually interested in decentralized systems and peer to peer networks, they should be working on expanding Bitcoin, adding features like sidechains and smart contracts to allow Bitcoin to deliver promises made by other coins. It's better to have one coin secured by all the PoW in the world and thousands of nodes that can do everything, rather than have hundreds of small, unsecured and specialized networks.
Are you talking specifically about coins that are intended to replace the functionality of Bitcoin?
there's tons of those, and none of them can ever achieve the same decentralization as Bitcoin, because nowadays, people jump on any ICOs or if there's no ICOs, they get in early on the mining and thus can amass a large amount, which people weren't aware of with bitcoin. so, unlikely to see any crypto replace bitcoin..
but if you're talking about crypto in general, then I can't understand what you're saying -
there's tons of great crypto that are made to fund/create/work as an underlying payment token for new types of systems (not work as a currency).
those definitely has their reason to exist. not all, but there are many fields Bitcoin isn't covering, and will take decades considering the current update speed..
to reply to topic, I don't like that Bitcoin moves the market and I think we need to decouple from Bitcoin.
Bitcoin can (and likely will remain to) be #1, I don't really care about that, but it has too much power for the (currently) application field it has..
but I guess we'll see this change when the market picks up, think about it - crypto as a whole has 1/3 the market cap of one singular tech giant (like Apple),
yet there's 100 Apples in crypto.
lol bitcoin is crypto
The cause of the market fall because there was too much altcoin, most altcoin don't have any value, just hype, but these tokens, taking up most of the Crypto money market, it is totally unreasonable.
There are no promising projects, all new coins are just copies of existing ones, thousands of projects have already promised to solve all the problems that Bitcoin has or bring some new features, yet no one has actually achieved that. Almost no one actually uses altcoins, especially those that are below top 20. If some talented people are actually interested in decentralized systems and peer to peer networks, they should be working on expanding Bitcoin, adding features like sidechains and smart contracts to allow Bitcoin to deliver promises made by other coins. It's better to have one coin secured by all the PoW in the world and thousands of nodes that can do everything, rather than have hundreds of small, unsecured and specialized networks.
Hi guys, just wondering about other peoples opinion on this.
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
well they are mobing out there is a lot of wallet that can convert bitcoin into other coins even usd or local money so that is why i think they already moving out on the shadows. In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
Hi guys, just wondering about other peoples opinion on this.
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
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