Topic: No other currency (Read 797 times)

We have great news!!!

Our Brothers from Parllelcoin DUO have informed us about an upcoming hard fork in the next couple of months. So we want to inform all our friends from the community that they have started some serious work on code, which can be seen on the chart of cryptomiso (top 5).


Also, on price-tracking websites, you can see the price change in the last few months.



Don't say we didn't tell you in time!!!

We know that the DUO has been on the market for a long time and that the team supports the true crypto spirit, like all of us. ParallelCoin is a digital currency that enables instant payments to anyone, anywhere in the world. DUO uses peer-to-peer technology to operate with no central authority, managing transactions and issuing money are carried out collectively by the network.
ParallelCoin is also the name of the open-source software which enables the use of this currency. Users are able to generate DUO through the process of mining. ParallelCoin has a current supply of 314,718.64134544. The top exchanges for trading in ParallelCoin DUO are currently Altilly, and C-Patex.
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ParallelCoin (DUO) specifications:
-Multi-algo proof of work cryptocurrency.
-Fair release with no pre-mine, no IPO and no ICO.
-Algorithms: SHA256D & SCRYPT
-Abbreviation: DUO
-Total Coins: 1,000,000
-Block Reward: Blocks 1-998 = 0.02 DUO (Fair Release) | Blocks > 998 = 2 DUO
-Block Time: 5 minutes
-Halving Interval: 250,000 blocks
-P2P Port: 11047 (21047 Testnet)
-RPC Port: 11048 (21048 Testnet)

Spread the word about Parallelcoin around the world

In trading they have this saying to not put all the eggs in one basket. It is quiet risky to do trading in cryptocurrency due to the volatility of the market hence it would minimize the risk if you spread your assets in different cryptocurrencies which you think would rise base on the news and technical analysis which are commonly in the top fifty in the coinmarketcap as aforementioned. They key is allocating your funds well in which you would put a huge percentage of your asset to coins that you believe more base on rational thinking of course according to the data that you had gathered.

How can you be so sure that a lot of investors focused on investing bitcoin only and not the other altcoins? As far as I know, most investors are not just investing in bitcoin but also to the other altcoins that ranks from the top 10-50 coins. If i were you i would not focus my investment in a single cryptocurrency so that when shit happens you can easily diversify most of your altcoins to recover most of your losses.

sure it will go up as there will not be any competitors.

There are lots of altcoins who really have deserving high place like bitcoin just like ethereum, as we all know, ethereum has a solid platform that is why it is become so famous until now, having a smart contract in which you can do your own transaction in a private without hiring any lawyers, it is fast and secure transaction. There are other altcoins that has solid platform and some of them are blockchain-based, meaning they are using technology to innovate their system to make the investors really satisfied and not only them but also to satisfy the user of that particular platform or technology.

Even if I would like to have an ecosystem full of promising coins that is not what we see, there is a huge number of coins in the market, how many of those are any good? Most of those that like bitcoin have a dislike for altcoins simply because they have abused the good name of bitcoin just of their own purposes which most of the time is just to earn money and do nothing to help the market to actually develop.

And until that changes then we will continue to see a negative attitude towards altcoins in general, besides if half of the coins in the market suddenly disappeared I am not so sure anyone except those invested in those coins will get mad since we do not really need them and it will make no difference if they disappeared.

Altcoins was created because bitcoin wad successful. Bitcoin will still be bitcoin but not won't reach the popularity of bitcoin today. But since there is only one cryptocurrency, it will be hard to have own btc since everyone can only hold bitcoin so bitcoin might have higher value compared today. But without altcoins, it won't be that interesting. No competition (although they still can't compete with bitcoin). Maybe bitcoin will be more stable if there's no other currency

If cryptocurrency only there is a bitcoin will be different from the current conditions. Because the absence of altcoins makes all investors
buying bitcoin, means bitcoin demand will increase. Automatically the price of bitcoin is getting more expensive, this will be boring for traders.
Because there is no other choice of coins for trading. In my opinion, if it continues without the presence of altcoin, it will be out of control
the price of bitcoin, I feel like conditions are not healthy. More like today the world of cryptocurrency is more colorful and varied.

yes I agree with you if there is no other altcoin then the price of bitcoin will be more expensive. because everyone is only focused on bitcoin and this will result in increased demand for bitcoin. and the price of bitcoin is greatly influenced by demand and supply. if demand increases and supply is fixed then of course the price of bitcoin will rise. but maybe if there was no altcoin the crypto market would not develop rapidly like this.

I guess if that was the thing the bitcoin will have a high price in the market considering the number of investors if all of the alternative token investor was also going to invest in bitcoin for sure the bitcoin market price surely will increase. Also, the standard price of bitcoin will be higher probable the price will go up and down in 40000$ - 50000$ in my opinion. The more investor the bitcoin will get the more the market price of bitcoin will rise in the coming years the demand for bitcoin will rise for sure at any point.

It surely the popularity won't be like this. Not actually Bitcoin will show a bullish trend that could even catch a huge market change and give the name of crypto. At first, and I also think that satoshi never expects that Bitcoin will create such attractive looks were almost everyone gets into it.
I don't think it was a blessing in disguise of having a number's of crypto existed to help the competition going strong and witness the exponential increase of Bitcoin price which is far enough from the day it was started.

If we still introduce bitcoin then the price I think will become higher but the trading won't work like a huge gap of prices. You can only invest on bitcoin and you can also trade but in coin like dollar, peso, etc. If that happen, the ICO will be good for Bitcoin always and some of project were only include bitcoin so we might focus by bitcoin that you can see on it's unstoppable increasing and it would not be good.

Many investors are shifting from each coins, if there's only one crypto currency in form of Bitcoin and the demands is huge like now,the value would be higher than the last ATH come to think of many possibilities, bitcoin value rises so high even there's a lots of crypto currencies that being introduced. Investors are the one who will bring the value to go high. Though we can't no longer change the situation it's better to enjoy what we are seeing now.

We must analyze them in two ways: the first is to consider that the other projects would never have existed and in that case, BTC in my opinion would have a much higher price, because people would be focused on a single project.

The second point of view is that the other cryptocurrencies begin to disappear progressively, in my opinion that would not be healthy for the ecosystem, because millions of users would be dissatisfied and with a negative opinion towards cryptocurrencies in general, a good level of diversity and competition is always positive in any market.

I see it in the aspect of connected market volatility. Without altcoin, bitcoin will not have a large growth in periodic estimates, without altcoin also it will not make economic instruments on the exchange have a solid rhythm. bitcoin will have a fixed level of stagnation and will lose value in the long run if it stands alone without supporters.

In my opinion, if the digital currency was only bitcoin, I think the price would have skyrocketed, and the purchase rate would be more than sales, it could cause prices to continue to go up like that, and the reality today is not like that.

Bitcoin would surely have a higher price than today because investors will just focus investing on a single currency. But even if there will be other currencies in the crypto market, bitcoin is not really much affected because it's still dominating the market today despite of the numerous altcoins competing in it. Bitcoin will still be the leading currency.

It is difficult to know, the code of bitcoin is open source so eventually altcoins would have been created, but if for some reason that did not happen then all the money currently invested in the whole market will be in bitcoin, it is also likely that the developers will be pressured to add more functions to bitcoin than what we have now but it is doubtful if the developers could make the best possible job when facing such pressure.

Despite the despise that some members of the forum have for altcoins the truth is that we need them, bitcoin cannot do everything and it is OK to have other coins specializing in certain aspects like privacy to allow bitcoin to perform its main function which is to be a currency.

it's actually makes sense but unrealistic but the price of bitcoin would expand if bitcoin becomes the only coin in cryptocurrency because we would have few options than to join bitcoin the amount of cryptocurrency investors are large but are being distributed across other coins

Bitcoin would have gained more value if it was the lone crypto in the market as whoever wanted to use anonymous transaction or payment across the borders without much hassle and without involvement of third parties like the money exchange would had no options left apart form using bitcoin but now they have numerous option which will reduce the demand of bitcoin in terms of payment transactions as there are beter options available in terms of altcoins for lightening speed transfers.