Topic: Guys. It's going to be hard to get the genie out of the bottle. (Read 1113 times)
If (unlikely imo) bitcoin dies then every single alt coin will follow it to their graves.
February 08, 2016, 10:01:48 AM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
This is exactly what will happen. Rarely does the contender with first mover advantage maintain his throne.
We need multiple blockchains to mitigate the risks of having a single point of failure. Altcoins provide yet another layer of decentralization.
February 08, 2016, 09:43:27 AM
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I pretty much feel the opposite way. If Bitcoin dies, those altcoins aren't going to survive either. No matter which alts stay and go, Bitcoin will always stay. As far as being 'declared dead', that's happened a hundred times since its inception.
I pretty much feel the opposite way. If Bitcoin dies, those altcoins aren't going to survive either. No matter which alts stay and go, Bitcoin will always stay. As far as being 'declared dead', that's happened a hundred times since its inception.
i am thinking the same way. but i say it totally depends on the situation that might go down. for instance if bitcoin died due to a security issue or something wrong with the whole cryptocurrency idea (which is not gonna happen) then all of the altcoins would have died too. because people are not going to look for an alternative for a failed thing.
but if dies because of circumstances like a worthy competition like an altcoin which actually offers useful features (nothing found yet!) that particular altcoin can replace it.
February 08, 2016, 08:28:26 AM
Yes, I think you are right. I remember talking to my Aunt at Thanksgiving. She is pretty mainstream and mostly watches big network news and TV. She was like they said on CNBC bitcoin is dangerous. She truly believed that.
To which my response was:
https://www.youtube.com/watch?v=OFkutlswBY0
"That's right! It is dangerous!"
To which my response was:
https://www.youtube.com/watch?v=OFkutlswBY0
"That's right! It is dangerous!"
This made my day, now I'm going to watch Top Gun.
lol yay I made a funny.
February 08, 2016, 06:04:08 AM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
Called trolls?
they will be there always, dont forget that is his "style of winning"After reading all of you guys replies, then I planned to save some of altcoins for the future.
I just lost a little bit of a trust on bitcoin
I just lost a little bit of a trust on bitcoin
Do it, maybe you will have some lucky, who know... but i will not risk my money with it, at least only the necessary to continue trading to get more bitcoins
February 08, 2016, 05:50:05 AM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
It`s simple enough - bitcoin will live until new investors will appear. when they`ll stop, the currency will turn around in internet accounts, but it can not be withdrawn.
February 08, 2016, 05:30:17 AM
After reading all of you guys replies, then I planned to save some of altcoins for the future.
I just lost a little bit of a trust on bitcoin
I just lost a little bit of a trust on bitcoin
LOL don't, you need to research itself, don't easily to believe what other said.
Actually I saved some altcoin, but don't save sh*tcoin, really you need research itself.
From what can I see is bitcoin will more worth in the future.
What altcoin do you save? Does the list include Ethereum, Monero or Dash? I save the former two.
January 27, 2016, 09:45:31 AM
After reading all of you guys replies, then I planned to save some of altcoins for the future.
I just lost a little bit of a trust on bitcoin
I just lost a little bit of a trust on bitcoin
LOL don't, you need to research itself, don't easily to believe what other said.
Actually I saved some altcoin, but don't save sh*tcoin, really you need research itself.
From what can I see is bitcoin will more worth in the future.
January 27, 2016, 09:06:04 AM
Honestly i don't follow the doom scenario... i think bitcoin will survive, it will get bigger and bigger and eventually be accepted everywhere
January 27, 2016, 09:02:57 AM
Yes, I think you are right. I remember talking to my Aunt at Thanksgiving. She is pretty mainstream and mostly watches big network news and TV. She was like they said on CNBC bitcoin is dangerous. She truly believed that.
To which my response was:
https://www.youtube.com/watch?v=OFkutlswBY0
"That's right! It is dangerous!"
To which my response was:
https://www.youtube.com/watch?v=OFkutlswBY0
"That's right! It is dangerous!"
January 27, 2016, 07:25:55 AM
After reading all of you guys replies, then I planned to save some of altcoins for the future.
I just lost a little bit of a trust on bitcoin
I just lost a little bit of a trust on bitcoin
January 27, 2016, 05:38:08 AM
You might have a point regarding those who are afraid are the ones who have invested on BTCitcoin only but your completely wrong regarding BTCitcoins survival just like the other 90 times (IIRC) that has been declared dead. If BTCitcoin can't handle these pressures and happens to go south, then the others alt coins have even higher percentage of failure in comparison to BTCitcoin. The way there has been improvements on it is non like on any other alt coin so far and will remain this way forever.
January 27, 2016, 04:28:07 AM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
Cool, if I offered my services for cryptocurrency I'd probably accept a few altcoins as well. Only a few, though, and probably just the top 3 (btc, ltc, doge and maybe dash). I don't own anything other than bitcoin but I'm not freaking out about any pessimism. We've been through this before and we've been at a lower price than we're at now.The Ethereum has become popular recently. It is the largest altcoin now. It could be a good candidate for the service.
Why Is this fud about Bitcoin being dead still floating around, does nobody look at the price?? I won't be supporting ethereum because the constant spam I get on reddit about this coin just leafs me to believe it's a desperate scam coin.
January 27, 2016, 04:22:53 AM
You could check here http://coinmarketcap.com crypto- market capitalization, which lists the top cap coins and includes many data, like price, trading volume etc! You could accept the top 20 ones .
January 27, 2016, 04:06:17 AM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
Cool, if I offered my services for cryptocurrency I'd probably accept a few altcoins as well. Only a few, though, and probably just the top 3 (btc, ltc, doge and maybe dash). I don't own anything other than bitcoin but I'm not freaking out about any pessimism. We've been through this before and we've been at a lower price than we're at now.The Ethereum has become popular recently. It is the largest altcoin now. It could be a good candidate for the service.
January 27, 2016, 03:54:18 AM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
I pretty much feel the opposite way. If Bitcoin dies, those altcoins aren't going to survive either. No matter which alts stay and go, Bitcoin will always stay. As far as being 'declared dead', that's happened a hundred times since its inception.
January 27, 2016, 03:52:16 AM
I have a feeling most of the alts will follow BTC to its grave if your scenario played out and in fact not survive on their own. Most alts are traded via btc pair anyway and not too many are traded on their own, but even the ones that do are for the most part Bitcoin copy/paste variants.
January 27, 2016, 03:15:00 AM
You might think you are hedging your bests as you placed it, but many of these Alt coins are mostly pump and dumps and you have a high chance of losing even more, if you chose one of these coins. The failure rate of many of these coins are relatively high, compared to Bitcoin that has been around for years.
Diversifying is a good thing, if you know what you doing. You can do a lot of harm, if you not going to do your homework.
Diversifying is a good thing, if you know what you doing. You can do a lot of harm, if you not going to do your homework.
January 27, 2016, 01:32:06 AM
I trade when I have a chance and can say that if bitcoin were to die,then other alt coins would most likely take its place.Bitcoin is not dead and I hope that it will continue to grow,but there is still a chance for it to die.
January 26, 2016, 11:33:38 PM
I think a lot of the people who are freaking out about Bitcoin being "declared dead" are the ones who have Bitcoin as the majority of their cryptocurrency holdings. Bitcoin may not survive with all the infighting and and the limitations on how fast the Bitcoin network can process a lot of microtransactions, but that doesn't mean that major players won't simply leap to another cryptocurrency and keep right on going if it dies. I've been accepting a lot of altcoins (the ones I think are worth supporting) for my writing services on my blog as kind of a way of hedging my bets. The ideas that went into the original Bitcoin won't die so easily once they've gotten this far if we just don't let it.
Cool, if I offered my services for cryptocurrency I'd probably accept a few altcoins as well. Only a few, though, and probably just the top 3 (btc, ltc, doge and maybe dash). I don't own anything other than bitcoin but I'm not freaking out about any pessimism. We've been through this before and we've been at a lower price than we're at now. Jump to: