Topic: Have we overlooked the many potentials of altcoins? - page 2. (Read 496 times)

I believe that many people didn't overlook it. And if they do, most of those alts with many and good potential wouldn't grow huge. Those issues you mentioned can affect most of the BTC users and they think altcoin is the only solution for it. But, some still continues to use a BTC. BTC devs also invented some fixes to that, but maybe it is not enough as there are still BTC users who complain.

Let us only hope that they will add more and this time it might be better. Apart from providing a help, I think another reason on why alts have been created is for their creators to earn a profit. I'm not against with that, as long as they are not scamming their investors.

There are a lot of coins with good potential that can be used as an alternative by merchants and casinos and other bounty managers are already using these coins just last week I used TRX and Matic for my transactions it is fast and cheap just like Ethereum way back but the current should be resolved because Bitcoin is considered to be the main coin in the industry and all the other coins should be an alternative.

This could harm the adoption of Bitcoin if the regular users of Bitcoin cannot use it anymore and resort to using altcoins, altcoins are good alternatives but I still like the centralization feature of Bitcoin over other coins.

We can temporarily switch to stable coins which have quite low network fees or XRP which is also low and quickly confirmed or will be adjusted to suit your needs. If what you need is to make a deposit to a casino then look at the casino for a list of coins that have low network fees, or If this is about investment because buying Bitcoin and withdrawing it to a personal wallet will cost quite a lot, then you can choose a coin that has stable enough such as BNB or other coins listed on many major exchanges by first looking at the withdrawal fees from the exchange so that our investment is not cut quite big.

This is right a lot of us see altcoins for what they are but most of us still prefer the top performing coins that are bitcoin and ethereum and for a good reason these two are what we can consider the safest options for investment especially for long-term

Altcoins on the other hand are mostly used for short-term investments if done correctly one can gain profit from investing in altcoins it is quite hard to do that so maybe that is why not really a lot wants to take risk

We can make good profits from altcoins if we know how to spot good altcoins projects. People are making money from coin projects they invested into even though the crypto market looks very risky. We need to keep doing what others are doing so that we can make money too from the market. The Crypto market is big enough for us to make profits if we know what we are doing. Investing in cryptocurrency can give us amazing profits if we are smart enough investing in meme projects and taking profits.

It's true that our preferred coins might be having some issues that needs alts attentions but sometimes if we are not in a haste we could still have patience for a while but if it's doesn't long feel okay to wait we have coins like BNB, LTC etc that could would serves as the best option to make transactions.

From the On set, I have always valued everything because they all serve different purposes which is why it was created in the first place, now that the need has arise I guess those who don't value alts must have seen it's need now. it's always good to look at everything in both the negative and positive effect before making decisions.

As Dr. Has listed above here I think they are currently the best one can use for fast transactions.

Network problems may also be experienced by some other blockchains. Alternative networks that I usually use when the Ethereum or Bitcoin network is very congested and fees become expensive are the Polygon and Binance Smart Chain networks. Fast networks such as Tron and Solana can also be a choice.

It seems we are talking about some technicality here like some network, not with investments.
For me if in the Ethereum network, I will go with layer-2 networks, that's the best network for me, and it is also helpful because layer-2 networks is EVM friendly, so for me, projects on layer-2 networks are also good alternative for Ethereum mainnet.

yes.  Correct.  because costs and speed have an influence on the transaction process.  I also often use the bnb network in sending to other exchanges.  but it also depends on the circumstances.  that is, I have the cheapest network when I am making the transaction

I always choose the lowest cost network but also with fast delivery and confirmation times. such as Trx, Arb and bnb. Avax is also quite fast in processing transactions. Shipping and withdrawal fees are also quite cheap. So I often use this alternative. Bitcoin network congestion continues. So for sending between exchanges and also from wallet to wallet, we will prefer to use altcoins.

Trx has actually become a choice for many people, including me. But currently I use arb and BNB much more often.

Well pretty sure its gonna ba chaotic. If the ordinals will continue, chances are were gonna do a force hols on bitcoin unless we want to sell that badly and just dont mind the fees. If the value is worth why not. But there are other alts that can be used in the time like this, maybe we sort that out for a while especially me that I am doing a lot on altcoins airdrop, retro and many more. Not really using bitcoin except being there and hold it anyway.

  There is another alternative way to do something like that. First,  there is Litecoin, BnB, Trx, Sol, and others, depending on the taste you want. In fact, there are also many opportunities to see if we can get a good profit from altcoins in the future. If we only use our thoughts or observe them,.

  The only problem is that others focus their eyes on one coin, which for me is not right. Just like the crisis with the high fee that is demanded from everyone who makes a transaction on the bitcoin network, it cannot be denied that the fee is really high, so we really need to find another alternative way to deal with these situations.

Ohh well thank you for this response,  I am sure not only me will need that advice because others also will read the comment and take the advice to heart,  to be honest with you,  I took steps towards what you just said and your comment it just a confirmation of the accuracy of my thoughts and action as long as Bitcoin is concerned.

The network congestion will indeed be around for a while and I am sure if the price of Bitcoin continues to increase,  we may likely be battling with the ordinal attack till the next Bitcoin halving,  I wonder what the next bull run will look like in terms of bitcoin fees.

Theres plenty of choice mate. I think almost all of L1like bnb, avax, ftm, matic, solana, tron are good when it comes to fees. Even the L2s of optimism, arbitrum and many more. Nothing can be done with the network congestion for a while as ordinals busy trying to poke it. But if youre into altcoins might as well used my recommended chain first and go back to btc when it cool down.

Litecoin and many of the digital coins that have good performance and are reliable for an investment, they either should have their own network or works on Binance smart chain network which is also a cheaper one, most people make use of litecoin because if the fast transaction confirmation time and the low transaction fee rate it charges upon making each one, what most people do is to exchange to those coins in other to make transactions and later exchange back to the desired coin.

When it comes to cheap transactions then this is usually be talking about on BNB,SOL and other known meme coins like Doge etc... We do know that their fees are way too small which its almost free.
The thing i do like with these coins is that they dont have that congested network and they dont have that surging fees on which this is something a main problem that we are seeing on bitcoin or with some altcoins like ETH
or AVAX or whatever EVM's out there which it do really sucks on the time that you would really be making out transactions which i couldnt blame on why people would really be having those kind of criticisms
even into Bitcoin when it comes to this kind of situation or talks.

Somewhat it would really be still varying if fees would really be a bothersome thing for you, if you are that active on making transactions in between platforms towards into your own personal wallet then it would be a hassle.
Not all would really be that willing nor really like to pay up huge gas fees and this is why they would really be waiting for the entire network to go down in terms of those pending transactions.
For me there are moments on which i dont have any choice but to pay up some high gas fees because it is really that compulsory. It is really just that a pain in the ass on these kind of times.

Fee issues were not new to the market, especially for Bitcoin and Ethereum but we have alternative coins, TRON and XRP which I often use during this time to cut sending expenses. Unfortunately, we can't just rely on them always, not on all exchange platforms or receiving wallet that never support them, we leave no option but to use BTC or ETH.

Sometimes we need to explore the market and these new project creations, maybe some of them could offer and solve the problem. But because of the scam spread, doubts remain with them. In the end, people still choose to use BTC and ETH, TRX, and XRP even though the fees are quite high.

I have always preferred alts to make transfers, especially the feeless ones (for example, Hive, there was EOS too, but it is in ashes lately and Tron requires too many TRX staked). For low fees, I usually use dogecoin, from EVM ecosystem, Polygon and Optimism are good.


I assume you meant Bitcoin congestion there. If so, during low fee times, convert some BTC to Polygon USDC or Optimism USDC as you deem necessary, and use it to make transfers.

TRX and LTC are alternative solutions that I have used for a long time when network congestion situations arise and these two coin options have the advantage of low transaction costs compared to other popular coins.  This alternative choice is not only due to network congestion during the Bull run, but I always use it when making transactions to minimize the costs incurred

For me whenever a situation like network congestion arises and transaction fees hit the roof, I prefer altcoins for payments. My most preferred is TRX as the fee is only 1 TRX for any amount, which roughly comes to $0.10. I do not think any other blockchain can beat the USD value for transaction fees. It generally remains in that same figure when congestion happens due to Bull run.