Topic: Not another is Bitcoin dead question?? BUT... (Read 2836 times)

Sure bud, the moment Bismuth takes over Gold price is the moment I'll focus on NXT.

For the moment the best usage of Bismuth:

I'm not your bud, friend.

You seem very focussed on a very short timeframe. Things may change. And the reasons they change are in the end the useability in society. And that is determined by the technological possibilities. Broaden your mind, amigo.

"buy my next, etherum, ripple, [insert random shitcoin, even premined scamcoins here]. buy em! cmon, buy em! bitcoin is dead. now fuckin buy my coins!"

LOL where is the $75 mill investment in NXT?

Where is the fully regulated compliant exchange for NXT?

When is Microsoft and Paypal going to accept NXT payments?

When is Andreas Antonopolous going to author "Mastering NXT"

When are they going to start talking about NXT at the Davos world economic summit?

Don't need to answer you questions, already have the final answer bud.

You avoid my questions, that's too bad. Maybe others will want to comment?

I hope BTC will innovate, otherwise I think the OP may be right - it will follow the path of other non-innovative cryptocoins and eventually disappear. Time will tell!

I already stated, none of those scamcoins have the backing, developer support, investment to thrive or survive.

NXT, come on man!  You know that's not going anywhere...

That's like me saying why am I buying Gold, I should really put all my money into Bismuth.  Sure it may a few qualities that make it attractive, but come on.  Is there going to be a Bismuth4cash website popping up?  Can you buy Bismuth at Kay Jewelers?  Is Bismuth a good store of value over time?  Can I transact with Bismuth?

Same thing with Bitcoin over the scumcoins.

NXT...why did you even bring it up?  

Bluntness excused. But I'm not your bud, guy.

Have you watched the talk by Andreas? What do you think about it?

My main point is still: it's not about if one or two altcoins will survive. Many will survive. And many will disappear and new ones created. There will be coins created for a single event, not existing longer than the event itself. There is absolutely no reason for just one cryptocurrency to exist. I just can't wrap my mind around why anyone would think that there would be only one cryptocurrency. Could you please explain why there would?

If certain cryptocurrencies are just copycats of others, surely there is not much reason for them to survive. Not even to create them. In 2014 there was a lot of copycatting for pump and dump reasons, but those times are over. It's a learning process that we're in.

The cryptocurrencies that are still here are usually not copycats of BTC. On the contrary, they usually aim to fill a void left by BTC or aim to build new stuff upon it. Or remedy an ailment, like UNO remedies the inflation problem. If you would like to learn more I'd suggest you just go to one of the threads of the more popular ones, install a wallet and look what they have to offer.

One exanple is NXT. It offers in-wallet exchanges for assets, it has a new monetary system that makes it very easy to create a new cryptocurrency and work with it. It also features a voting system.

Public ledgers are also very interesting ways to account for valuables other then money. There are way to many lawyers, accountants and other financial professionals making money off of things that could be easily handled with public ledgers (I'm trying very hard to avoid the word 'blockchains' here).  

So I repeat myself - there are altcoins that offer technologically advances (or just differences) that make them valuable to society in one way or the other. That does not mean they will replace BTC as 'the number one'. But again, if BTC fails to innovate, it will be dethroned one day, just like MySpace was dethroned by Facebook, and Facebook will one day be dethroned by something better, most likely.

I'd like to hear from you, ChuckBuck (or someone else), why BTC deserves the market cap is has today. In what way, for exanple, is BTC better then NXT? And I'd also like to know why you think there could be only one cryptocurrency in general use.

That's sounds so wrong on so many levels.

Like "marinecoin" will actually be worth anything in a few days/weeks.  At least pump a scamcoin that has a chance like Ripple, that'll be here for a year or two.

-1 for Bernard Lerring useless post.

At least post a sentence stating why.

Sorry, I don't deal with shitcoin holders, you're all beneath me.  

Just messing with you bud.  I don't believe any of those alternate cryptos will survive, so excuse my bluntness.

Which of your copycat coins, do you think will actually survive with no real development or real investment?  Awaiting your response and reasons(this ought to be good).

You have to select currencies by TOTAL supply, and then you will see more market caps in the billions. Marinecoin being most similar to the one described above. Edit: looks like marinecoin under a billion now. was over a billion not long ago. on dozens of us dollars volume.

+1 for julian071's post

You sir, are totally wrong.

First of all, as explained above, the market cap can lie. Secondly, the market cap is only a derivative of the true value, which is the value a coin has in our society, which is in turn a direct consequence of (principally) its technological advances. Moreover, the market cap is largely the result of speculation.  

Your total lack of interest in the technology as compared to BTC's worth today leads me to believe, but correct me if I'm wrong, that you're just a bagholder who's waiting for the right time to dump it all for precious fiat.

But more importantly, you seem to think that there should only be one cryptocoin, as others are not to be bothered with. In my mind's eye I see you making the same argument when the first email hosting companies arose: "don't bother with hotmail or gmail, they're just scamming copycats, there can be only one email-provider!" Very funny =)

Moreover, if you don't allow any pluralty, progress will be stifled. And even your precious investment will be in danger of never taking off. I worry for Bitcoin that to many people tihink like you, and progress will be to slow because people will relly on BTC being the biggest (in marketcap) and therefore 'the best', in stead of on innovation.

But don't take my word for it, just watch the guy in this youtube clip below. It's called 'The future of Bitcoin" by Andreas Antonopoulos.

https://www.youtube.com/watch?v=jw28y81s7Wo

Where is the coin you speak of with the $1bill market cap?  I don't see it on coinmarketcap.com

I thought you said this happens every day???

I release a coin with example 1billion coins max, premined 99% to 100% , presale it and buy it myself (or other method - just need to make sure i control most the coins) - and just sell one coin for 1 dollar (to myself) and i have just created 1 billion marketcap with a single transaction.
Great stuff, isn't it?

Happens every day.

And please see a doctor for the paranoia-issue you have there ...

Explain beartroll.

And please don't be another one of NotLambChop's 35 alts, posting a stupid gif.

you must be new here 

every time i sell it goes up.. every time i buy it goes down.  im a shite trader but a good hodler.  if the ship sinks, many of the captains will go down with it.  all virtual currencies of the past have failed due to govn't intervention.  this fortunately can't happen with btc

I think you're referring to altchains, that mimick or copy the original blockchain technology.

There's only 1 true Blockchain, and it specifically deals with Bitcoin only.

If you're talking about scamcoins that copycat blockchain and the Bitcoin protocol, don't bother:



There really is no point.  There's just no backing, no support, not enough development behind Ripple, or Litecoin, or Paycoin, or NXT, or Stellar.  Is Ethereum still a thing?

Just don't waste your time or money with that nonsense.  Market Cap don't lie.

OP, bitcoin will be around long after you're gone. do not worry about that one

Excuse me, I could have chosen my words more precisely. Where I used the word 'blockchain' I ment 'a public ledger with a certain set of algorithms governing it'.

In my defence, most people refer to those ledgers as 'blockchains'.  I will even go so far as to contend that the public use of this word will replace the meaning that you quote from the Bitcoin wiki, where it refers only to the public ledger that underpins (or: is, in a sense) bitcoin.

Read the white paper again and wiki:

https://bitcoin.org/bitcoin.pdf

https://en.bitcoin.it/wiki/Block_chain

You can't separate the two, they work in conjunction with each other, and because of each other.

There's no blockchain without Bitcoin, and vice versa.

not dead, just came out from immature...

you are rare piece here. you think by using your brain !

If I would be miner, I would start looking to ALTcoins. BTC is useless now for any miner. They cannot make any profit

Value is not a good measurement of how BTC is doing. Right now its value is simply the playground of a bunch of speculators.

If you look for alternatives you should look at the technical differences. Where BTC has been quite stagnant on that front, some altcoins have faired way better. Take a look at NXT for example, tons of projects are being build on that. There are plenty of others too. SYS is building a decentralised exchange. Vericoin has a very cool wallet. HYPER is aimed at gamers and pays 5%/month interest for PoS. And some countrycoins are doing well, most notably NLG and Sterlingcoin.

People here say that BTC is the one and only. Very understandable. But does anyone stop to remember MSN? Or MySpace? BTC needs to keep reïnventing itself or it will be replaced by something better. It's the blockchain technology that really is the breakthrough, not BTC itself.

and by black markets or exchanges who are falling from time to time.

I know Bitcoin is not a scam and will not disappear. Having said that the large price fluctuations are clearly manipulated by cyber attacks and negative media attention.

Well you need certain notions of spoting bubbles. the 1200 peak was a big obvious bubble. Would anyone guessed that it would crash this much? not really, but it was obvious that at least a big correction would happen.

Can't talk about alternatives on the 'bitcoin general section'

Too  many people with vested interests here to talk any sense. Bitcoin is the only coin to them and they ignore all the problems.
You need to find the better coin yourself. People won't tell you before it's big.

Or they could have just used money, they don't need short/medium term, like I did.

it didn't work all time
some people bought bitcoin when it was at peak(around 1200$)
so the only option they had either sell at loss of hold for year with hope of price increasing

Probably neither of them , he don't even know what he is talking about as far as I can see and he is posting this message kinda everywhere , look at his post on another thread, exactly the same (Copy,paste) => https://bitcointalksearch.org/topic/how-many-of-you-still-believe-bitcoin-will-free-you-from-paying-tax-one-day-940140

OP: trade less, read more  

You would be missing the point if you think Bitcoin will follow the alt's destiny (ultimate death).

Bitcoin is crashing so it can prove to the world how insanely resilent it is. It is destined for triumph. Failure is not an option. Just watch and see history unfold itself.

Is that a reference to Bitcoin mining or the Proof of Work Algorithm?

I'm not sure which angle you were going for, maybe TALK A LITTLE LOUDER!   

If you think Bitcoin as an investment vehicle for day trading, then you truly don't know what Bitcoin is.

If you compare Bitcoin to those Alt-coins that our merely speculative pump and dump scams, then you need to read up more on the underlying technology.

Do more research on what Bitcoin really is.  It's a cryptocurrency yes, but more so it's a way to transmit payment across global borders quickly with minimal fees.  It's a way to pay anonymously, to acquire and store wealth without the aid of central banks, to act as a voting system, to remit money to loved ones without western union.  It's best investion and function is the blockchain, which already has both developers and investors drooling over the possiblities that you can build and implement applications on top of this.

Once you know what Bitcoin is, you won't care about those other scamcoins, about it's volatile price, and whether it's "dead" every other day.

You should focus on Bitcoin instead of thinking about Bitcoin alternatives.

Each year when Bitcoin seems to go down by a lot people are losing faith.

If the price is going up by a lot people change into ultra Bitcoin believers.

I understand people want to make a few bucks, nothing wrong with that, but at least stop thinking Bitcoin will die if the price goes down.

We're currently diverging from the long term trend line. Basically any long term trend line you apply to the chart. That means, either Bitcoin is actually dying or just in for a huge correction upwards at some point in the future. It's up to you to decide where to put your money.

No-one knows what will happen to the price but as stated above acceptance and tech is growing rapidly.

Just look at the news about Bitcoin:
Overstock/Dell/Microsoft accepting Bitcoin
Winklevoss twins bringing Bitcoin to Wallstreet
Projects like Lighthouse

Just looking at the price is the stupiest thing you can do. It says nothing about, if Bitcoin will stay or die.
You see a lot of serious business working with Bitcoin, that is an indication, that Bitcoin will stay(and rise eventually)

No alternative thus far. The closest is probably doge.
If you consider the up and down pattern, it is obviously a money making opportunity. Depends on how you look at it.

Altcoin is very risky for trading, but if you know the market coin and know when price low and high, you can controll it. i also trading alt coin too and i know the market movement
BitCoin is risky too but not very risky than altcoin.

You could also say it like if an early adopter, who bought bitcoin decided to dump, then the price falls as well. And its not fault of people who believe in it, but people who decided to let go, and due to the fact that they had large amounts, price drops.

There will be no Alternatives for Bitcoin I would say , Bitcoin is the Original , the best & the only , anything else is just a cheap copy which will fail at the end . Bitcoin have all , only thing would be great is being fully Annonymus and make off-chain transaction other then we are fine .
If I had really to choose one ,I would use Darkcoin for the reason I said above

~ Madness.

Buy and hodl if you don't know how to trade.
Never sell your coins with a loss.

There is no alternative for Bitcoin, Bitcoin IS the alternative.

It's just that TONS of people don't understand it. Yet.

Bitcoin is by no means 'disappearing', on the contrary. There's an enormous ongoing boost in development, start ups, investments in Bitcoin companies and services, market growth, acceptance, and whatnot.

But there's also a whole bunch of retards panic selling and only looking at the daily price. Maybe that's what you're referring to?

Im following Bitcoin since about 2 years and also traded quiet succesfully with alt-coins last year.
I quit trading alt coins because in my eyes its too hard to make much money doing so anymore, plus 90% of them coins were a scam from the beginning on

But now if I compare Bitcoin with alt-coins, it obviously follows the same pattern as most alt coins had on exchanges

low buy in - hype than they dissapeared

is Bitcoin following the same pattern?? Will Bitcoin eventually rerise??

What would be an alternative to Bitcoin at this time??