Long term argument for bitcoin - page 19.

evilgreed

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Quote from: Lanatsa on November 24, 2017, 11:20:29 AM

Quote from: arseaboy on November 24, 2017, 11:14:21 AM

Quote from: carriebee on November 24, 2017, 10:57:50 AM

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.

If we do decide to engage on bitcoin then it would turn out that we do really have fate on it to give us decent profits not only on bitcoin but also to altcoins. Regarding on long term argument then it cant be remove since people do have different perspective when it comes to anything. For now the most important thing is that we should cherish the possible opportunities that bitcoin would give.

Yes exactly. We do have different point of views to what we see and hear, and since it has been argued most of the time, there is nothing wrong having bitcoin, and some other investments right such as alt coins? It is not that if you believe on bitcoin, you are already disregarding those new and has greater potentials than bitcoin, it is only that bitcoin is the first crypto currency that has been made, and as you can notice even though those coins that has better features than bitcoin, are still depending on bitcoin's price.

Lanatsa

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Quote from: arseaboy on November 24, 2017, 11:14:21 AM

Quote from: carriebee on November 24, 2017, 10:57:50 AM

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.

If we do decide to engage on bitcoin then it would turn out that we do really have fate on it to give us decent profits not only on bitcoin but also to altcoins. Regarding on long term argument then it cant be remove since people do have different perspective when it comes to anything. For now the most important thing is that we should cherish the possible opportunities that bitcoin would give.

Yaunfitda

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Quote from: djsugar on November 16, 2017, 12:15:21 PM

Market size matters a lot!

Bitcoin is getting popular globally. People know cryptocurrencies through Bitcoin. Bitcoin is a base currency in most of the exchanges. It is being accepted at many stores globally. Banks are integrating it. Countries are legalizing it. There are indeed many Altcoins in the market better than Bitcoin in terms of technology or use cases. But bitcoin is getting global adoption that is increasing its demand. Right now it isn't possible for any altcoin to reach anywhere near it in terms of demand.

You lost me their for a minute. Bitcoin is not yet universally accepted by many stores. Even Amazon has put aside the idea of accepting it. And banks are not integrating it, but the technology behind it - Blockchain is what they are acknowledging. Banks would never accept bitcoin in my opinion.

Definitely bitcoin is the first crypto to attract investors worldwide. By just looking at the price alone, it definitely reach mass acceptance and most sentiments of the people around are very positive. And its now starting to be a store of value or investment for most of us. I don't think that any altcoin today could have a feature like that because they are being used for Pump and Dump only.

arseaboy

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Quote from: carriebee on November 24, 2017, 10:57:50 AM

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.

carriebee

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This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

z38630610

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Quote from: Gouverne on June 27, 2017, 09:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Bitcoin is mother of cyrptocurrency and also king of altcoins. This makes bitcoin more valuable. Because many people have started to use bitcoin before altcoins are mined and now they are investing with bitcoin too. They choose bitcoin than altcoins. Maybe this situation may be changed but it is going to be very hard for altcoin investors.

djsugar

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Market size matters a lot!

Bitcoin is getting popular globally. People know cryptocurrencies through Bitcoin. Bitcoin is a base currency in most of the exchanges. It is being accepted at many stores globally. Banks are integrating it. Countries are legalizing it. There are indeed many Altcoins in the market better than Bitcoin in terms of technology or use cases. But bitcoin is getting global adoption that is increasing its demand. Right now it isn't possible for any altcoin to reach anywhere near it in terms of demand.

n0ne

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Op needs to understand the difference that exist between bitcoin and the other altcoins. Growth similar to bitcoin takes place with lots of altcoins, but how long that lasts is the question. With bitcoin that is different, it has proved it to be potential and long lasting overcoming lots of hurdles.

Owl_Fintech

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Quote from: Gouverne on June 27, 2017, 09:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

If you compare the hashrate and mining decentralization of Litecoin and Bitcoin, you will be able to see that the difference is not only in the fact that Bitcoin is the first.

And when you compare the network effect, you will be able to see that Bitcoin is far ahead of Litecoin and any other crypto.

Rinder

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Bitcoin besides being the first crypto currencie wich had achieved sucess, it is currently one of the most profitable mining currencies, have a huge volume of investment into it, besides its potencial to keep growing and legalization is coming from more countries, wich should legalize bitcoin at first. Litecoin isnt a bad coin at all, but well not such profitable as bitcoin, and not soo volatil as it, litecoin is like the child were usually people make some tests, like segwit and then they implement into bitcoin, i do like a lot litecoin since i havent to wait hours to get my transaction confirmed, but there are faster coins with much lower value like doge, wich has becamed a coin of speculation and nothing else.

Nahl

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Bitcoin as the mother of cryptocurrencies will always be the most favourite for every cryptocurrencies users that's why don't compare between altcoin such as Litecoin and bitcoin because obviously people will choose bitcoin will more profitable for long term purposse and it will more good if you have all of them because i personally consider Bitcoin and Litecoin is good for long term asset and make 80% for bitcoin and 20% for Litecoin from your investment is very good i think

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Quote from: Palider on November 16, 2017, 10:11:24 AM

Bitcoins and Litecoins are just the same. They are both crypto the difference is the extent of the person trusting bitcoins and who invest in bitcoins. Bitcoins have higher volumes while litecoins are only low. In volume, the difference is far apart. If the price is about x1000 the difference between Bitcoins and Litecoins.

Bitcoin is a digital currency system it's a more advantage which is something can't be understanding and all are most known only a bitcoin because it only reach world wide across after that only a altcoin like lite coin and all so this is the part of reason to growth of Bitcoin.

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Quote from: Raegorl on November 15, 2017, 09:13:22 PM

Bitcoin has first mover advantage, which is something that cannot be understated. If you ask around, most people have only ever heard of Bitcoin. The name is already a brand known worldwide (but not in mainstream yet).

That doesn`t guarantee anything going into the future, as it might change in the next 3-5 years.. But for now and the near future, Bitcoin will remain at the top.

Bitcoins and Litecoins are just the same. They are both crypto the difference is the extent of the person trusting bitcoins and who invest in bitcoins. Bitcoins have higher volumes while litecoins are only low. In volume, the difference is far apart. If the price is about x1000 the difference between Bitcoins and Litecoins.

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Quote from: BossMacko on November 15, 2017, 07:56:10 PM

For me the reason why i chose Bitcoin rather than Litecoin are first Bitcoin was the first cryptocurrency therefore though litecoin has the same features like Bitcoin it is still a clone of Bitcoin (this is my opinion about the two). Second reason is that the Strength of Bitcoin it was proven over and over how Bitcoin survive those attacks. Well lets just hope that someday Litecoin will reach Bitcoin in the future.

I actually also believe bitcoin is the first and virtually every identify with bitcoin first before any other. This is part of the reason for the growth.

Meanwhile, is not only litecoin that has the capacity to be like bitcoin, many cryptos have that ability too like etheruem, waves and the likes. Buying some of these cryptos is good, they might turn out to be highly profitable in the future.

Finestream

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Quote from: Raegorl on November 15, 2017, 09:13:22 PM

Bitcoin has first mover advantage, which is something that cannot be understated. If you ask around, most people have only ever heard of Bitcoin. The name is already a brand known worldwide (but not in mainstream yet).

That doesn`t guarantee anything going into the future, as it might change in the next 3-5 years.. But for now and the near future, Bitcoin will remain at the top.

We cannot really tell when will the mainstream adoption will happen, but what we are seeing now is that bitcoin is progressing and we should be thankful of what it has already achieve now as that means people are trusting it with their investment. I have my bitcoin for long term hold, I don't know when I can sell this but I have a big target of price before I sell it and I optimistic it will happen in the next 10 years.

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Quote from: Gouverne on June 27, 2017, 09:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

In actual you can found easily many coins with same technology but still we need to see toward the another factor that they are making thm more useful , more powerful , more stable , more fast , more realiable .
Here if a coin getting launch than the demand of the coin depends upon the features of the team that have how much experience and how much the owner invested money in the coin to make more better ( hosting data and faster network to have ) and also here marketing is a big thing .
We can see that many coins have same technology that the bitcoin have , but still are unknown like coins , so here we can understand well that how much they are stable and reliable in the public .

Raegorl

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Bitcoin has first mover advantage, which is something that cannot be understated. If you ask around, most people have only ever heard of Bitcoin. The name is already a brand known worldwide (but not in mainstream yet).

That doesn`t guarantee anything going into the future, as it might change in the next 3-5 years.. But for now and the near future, Bitcoin will remain at the top.

palle11

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I really don't see much difference between bitcoin and some of the altcoins that have same potential like bitcoin other than that, bitcoin was the first & the most likely the digital money known to most people and that keeps helping its popularity.

Other digital currency have the potential to do well like those who have low supplies at the moment. This is actually a wake up call to investors that some altcoin can spin - out money in the future and not necessarily only litecoin. The likes of SIC etc.

BossMacko

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For me the reason why i chose Bitcoin rather than Litecoin are first Bitcoin was the first cryptocurrency therefore though litecoin has the same features like Bitcoin it is still a clone of Bitcoin (this is my opinion about the two). Second reason is that the Strength of Bitcoin it was proven over and over how Bitcoin survive those attacks. Well lets just hope that someday Litecoin will reach Bitcoin in the future.

chickenado

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Quote from: Gouverne on June 27, 2017, 09:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Yes we are confident enough to think that bitcoin is for long term investments than any other cryptocurrencies,its already proven from time to time..It is widely known and used in the market through its existence until now it proves that it really make people profit.Litecoin or some other cryptocurrencies will never exist without the idea and platforms of bitcoins thats why bitcoin has earn the trust of people than any other altcoins.

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