Promoting cryptocurrency through altcoin

bohr

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Quote from: BIT-BENDER on December 19, 2019, 05:56:05 AM

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

Many of those coins do not do anything that bitcoin could not do on its own so it is completely understandable why people do not take them seriously, this market will not be completely about bitcoin all the time if we had altcoins that were good and were indispensable as you say, but that is not the reality of this market, even the second best coin in the market which is ethereum and that its main function is to offer smart contracts doesn't really do anything that bitcoin could not do because you can also create smart contracts on bitcoin.

Bonenx14

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Quote from: crossabdd on December 22, 2019, 05:38:58 AM

actually it is very good if there are many variants of crypto currencies in the crypto industry. but the problem is that most of altcoin is a scam. and a few others are struggling to get space in crypto. by making many uses and benefits in the real world. altcoin projects are always created. and that made people start to know crypto. but the bad side. when beginners are trying to understand altcoin. many projects are only looking for profit for a moment. so people always assume crypto and bitcoin are scammer sheds.

if the development of altcoin goes well then I think altcoin could be a beginner's introduction to crypto. but unfortunately most new altcoin projects don't provide that and because very few beginner experiences make them consider all crypto spaces to be fraudulent and maybe only a small proportion continue to explore crypto

crossabdd

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actually it is very good if there are many variants of crypto currencies in the crypto industry. but the problem is that most of altcoin is a scam. and a few others are struggling to get space in crypto. by making many uses and benefits in the real world. altcoin projects are always created. and that made people start to know crypto. but the bad side. when beginners are trying to understand altcoin. many projects are only looking for profit for a moment. so people always assume crypto and bitcoin are scammer sheds.

barabarian1

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yes you are right op the first thing heard about cryptocurrency is bitcoin. because bitcoin is the first, main coin and has the most expensive price of all coins. so don't be surprised if almost everyone knows cryptocurrency from bitcoin. and in my opinion it is rather difficult to promote altcoin because the amount of altcoin is too much and also the value of altcoin always follows the bitcoin price movements. but some crypto investors when they feel comfortable investing in bitcoin then they will also invest in altcoin later. because they already understand about cryptocurrency broadly.

inanilujimi

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The most important thing is the use of altcoin for a long time and carried out in everyday life such as gambling, and games have a lot of user interest.
And can always take advantage of every opportunity that exists with a lot of innovation so as not to lag behind technological advancements.

starblocks

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Bitcoin should be the primary focus for investors when entering the cryptocurrency space as a new investor, but once they are comfortable and have learnt enough about the other top ranked alternatives its always ideal to diversify a little to ensure you have a balanced portfolio comprised of both low and moderate risk assets so you can take full advantage of the variety that's available and what it has to offer

Ezravdb

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Quote from: Aabcde on December 20, 2019, 05:47:30 AM

Introducing cryptocurrency through altcoin is possible. But the problem is the amount of altcoin is very much so that it is somewhat confusing for ordinary people. On the other hand altcoin tends to be a scam. I think it's better to introduce it via bitcoin itself. Everyone must have heard even though they might not have looked deeper. The real use case I think is only a matter of payment methods. And bitcoin can go into any domain, health, animal husbandry, e-commerce, etc. as long as they really want to use the blockchain.

correct, amount of altcoin is quite a lot, But we can introduce altcoin which has a good reputation to the community, Like ETH, XRP, WAVES and coins that have a high ranking in coinmarketcap. we can introduce some altcoins that have a close relationship in this life such as altcoins which have fast shipping transactions, altcoin which is engaged in gaming, of course the public will more easily understand about the performance of Altcoin.

biddicoin

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1 Bitcoin price affects more in altcoin price

2 Bitcoin is a piooner in cryptocurrency

3 Bitcoin is a basic code which initiate others coin

4 most of altcoin is just a 'token'

So, I think it would be harder to promote altcoin itself. we have to teach about Bitcoin, then altcoin

stephanirain

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Quote from: BIT-BENDER on December 19, 2019, 05:56:05 AM

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

Altcoins really do reach out the other facets of the society and really do shape the society to take another step towards another era. Even though bitcoin is a lot more popular than the crypto industry itself to the commons right now, it is the duty of many altcoins to educate them and tell them that this industry do exist and functions well to aid many other industries through blockchain technology.

TinaK

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Cryptocurrency are mutually beneficial when it goes to trading field but for marketing if they have any platform to boom the things ahead among the crypto users.
We will find the growth in the market.
Promotion is based on the place where it has been reach to the people.

ije07

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and that is indeed the same as what I felt before getting to know more about cryptoqurrency, because the first thing I knew was bitcoin. This is not strange to anyone but different from altcoin who rarely know. but whatever it is, if someone knows bitcoin then someone can get to know the other altcoins. the crypto space is full of altcoin and for me only a few will survive in the market and some can be profitable for long-term investment.

Zionatin

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The problem is that many of these altcoins have no use. They make promises there will be uses. you can buy this and that and support that or this and buy and sell gaming items. It never really gets to that. It very rarely ever gets passed the initial distribution stage. Until people stop supporting these projects this will continue to happen. If they supported better projects the bad ones would die out and then maybe we will find ourselves with some useable crypto other then speculation.

Amel

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Quote from: Hamphser on December 21, 2019, 12:15:06 PM

Quote from: ?? on ??

I remember IQeon back in the days where it was specializing games. I joined their bounty program long time ago but I didn't stay due to fear of scams those days.
Bitcoin is a dominant crypto, that becomes a good and bad thing for investors. They're not looking for other coins to invest anymore because they feel safe in investing in a single coin and I think that mindset isn't uncommon but sometimes it is just getting harder to invest in worthy coins.

That's why diversification is recommended if you want to invest in any cryptocurrency but before that, one must understand what he is dealing with because investment in cryptocurrency is too much risk. Bitcoin is the common cryptocurrency that people know because this is the only one that survive in all of the scam projects before. A true father of all the cryptocurrency.

Diversification is necessary if investing in altcoin but it is not necessary if investing in bitcoin because altcoin always correlates with bitcoin.

Not a true father, but rather a true mother because bitcoin has given birth to a variety of new coins.

MancyZz

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Quote from: BIT-BENDER on December 19, 2019, 05:56:05 AM

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

it good for start promoting altcoins for new user. indeed user and investor more trusted with bitcoin than altcoins, in my opinion it because altcoins price more extreme than bitcoin, altcoin price tend to stable and difficult to rise Except bitcoin increase price then following by altcoins
so alright need to promote altcoin for investor and especially new comer or new user that altcoins is worth it

ven7net

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Quote from: BIT-BENDER on December 19, 2019, 05:56:05 AM

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

Pay attention to the dominance of Bitcoin and you will see the addiction and understand why everything is so bad with altcoins. I believe that the problem is that initially there was one BTC cryptocurrency and for its support and development it was necessary to accept it in the world. However, not everything is so simple and altcoins were created for the distribution of BTC, with the help of which you can maintain the existence of BTC and manipulate its price without using your own funds. In general, not many altcoins will be successful, since everything here is interconnected and tied to BTC.

boris singer

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beneficial things can be promoted such as faster transactions with relatively cheap fees for transactions between wallets, many coins that can be applied like trx and bnb. Although in the end they will also remain interested in bitcoin, but they will realize that bitcoin is better treated as a long-term asset. There are many ways you can do, but it is better to promote altcoin which already has a reputation.

Obito

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Alternative coins just seeks to improve Bitcoin's success. It is that what most people recognized is that bitcoin as it holds the most or the most highest price in the market. If people were to recognize the purpose of alternative coins on why they have been created they will be recognized much more the essence deep behind the creation of altcoins.

jets567

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There are thousands of altcoin in the market but only few of them are useful and even crypto people are having hard times to choose a good altcoin so I think it will be more harder for a normal people to learn about altcoins though OP's intention is good towards mass adoption for cryptocurrency.

Hamphser

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Quote from: ?? on ??

I remember IQeon back in the days where it was specializing games. I joined their bounty program long time ago but I didn't stay due to fear of scams those days.
Bitcoin is a dominant crypto, that becomes a good and bad thing for investors. They're not looking for other coins to invest anymore because they feel safe in investing in a single coin and I think that mindset isn't uncommon but sometimes it is just getting harder to invest in worthy coins.

That's why diversification is recommended if you want to invest in any cryptocurrency but before that, one must understand what he is dealing with because investment in cryptocurrency is too much risk. Bitcoin is the common cryptocurrency that people know because this is the only one that survive in all of the scam projects before. A true father of all the cryptocurrency.

davinchi

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People will become more interested in altcoins when big names start taking up responsibility and creating their own altcoins. I believe that what people want most is a brand they can trust and nothing more. Nobody wants an altcoin that will turn out tomorrow to become trash and a waste of money. Just imagine that Facebook is released and the number of people that will be ready to adopt it. Other altcoins are usually a disappointment and that's the reason why a lot of people are not interested. The only altcoins that are very good in the market are the top altcoins just like the Ethereum.

In some sense, already altcoins are doing that job of attracting new people into crypto space by promising short term good returns but due to lots of fake promises, it is going in different direction. I believe altcoins are here exactly for the purpose of promoting cryptos to new people and those people will slowly start adopting bitcoins over the time.

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