Promoting cryptocurrency through altcoin - page 2.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: tsaroz on December 19, 2019, 08:38:35 AM

Bitcoin no longer can be the face of cryptocurrency as it has become a rare asset to hold.
Currency should be easily used and transacted for trades and deals. People could buy bitcoin after being familiar with crypto but most of them won't even try a crypto if their first experience of crypto was costly and late.

Of course this does not help Bitcoin / Bitcoin Cash either : https://dashnews.org/bitcoin-and-bitcoin-cash-to-be-dropped-at-400-australian-merchants-post-double-spend-exploit/
How can Bitcoin be the face of cryptocurrency, when it has a double-spend exploit Roll Eyes

If people really want to promote cryptocurrency, they need to setup grassroot movements in those countries that are suffering from high inflation / hyperinflation
and educate the people there on the ground on how a (payment-focussed) cryptocurrency works (Dash for example) and how such a cryptocurrency can be used for everyday purchases.
That is where real adoption takes place and where promotion is needed.

letyouearn

legendary

Activity: 1722

Merit: 1014

Quote from: BIT-BENDER on December 19, 2019, 06:56:05 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

The main problem is that we still don't have vast variety of good altcoin projects with real working products. Just a pile of crap that people use trying to get rich fast

DoublerHunter

hero member

Activity: 2590

Merit: 644

When you are talking about altcoins in general, people's mind they think also about Bitcoin and I think when promoting newly launch altcoins is very effectively to promote Bitcoin as well. Because Bitcoin tied up all altcoins, every altcoin has a pair of Bitcoin in trading so this is the best way to promote Bitcoin as well. Altcoin price was always tied up to Bitcoin price, so the main currency here is Bitcoin and probably more attractive to investors than the altcoins. Nevertheless, when someone talking cryptocurrencies, they generalized that it is Bitcoin and altcoins was no there.

spadormie

sr. member

Activity: 840

Merit: 268

Promoting cryptocurrency using alts is I guess also a good way of promoting. But I guess the best way to promote cryptocurrency itself is to promote what the king is. Bitcoin. It's the best way since it waved off a great investment since they one. And it's more convincing since many legitimate sites says the same thing as everyone is saying.

btcdie

sr. member

Activity: 784

Merit: 251

Yaps, my assumption is that Bitcoin cannot live alone and still requires such a solid altcoin behind it all. Altcoin liquidity is really needed by crypto-world, without it Bitcoin is difficult to be known by the public and is widespread as we know it today. maybe 5 years ahead of Bitcoin in an uproar and known by all corners of the world, if altcoin can make and reach the peak of its success.

GideonGono

hero member

Activity: 2044

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

There is a lot of projects that have real use in the world but most token or coin out there is useless. Some token provide the same service just difference in their quality. But alts are needed in the crypto world. Without alts, BTC can't grow that big.

They create altcoin just for project and there is ICO they've create for the investor to choose or to know on when their money going to invest also to encourage investor for a project. The year 2017, almost a lot of ICO I joined was succeed but the token that are input to the market was really dump so it means the alt coin was lucky when it grow in a long term because altcoin was good for a short term because they've a lot introduce to the market.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: BIT-BENDER on December 19, 2019, 06:56:05 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

What you are basically asking is ig investors and traders like us buy more altcoins then it will boost the use of altcoins and will promote cryptocurrencies in general.
You do have a good point there but I have a different perspective. For me, a coin should grow naturally out of it's own potential value.
If an altcoin has a good use case then people should use it naturally and hence it's value would increase with greater stability.
Bitcoin is hyped up as well. Though it's price is in thousands right now but there are not many countries that legally accept bitcoin as a payment method.
Once bitcoin is globally accepted, it's real potential price would show up and that's how it should be in my opinion.

cotton ball

sr. member

Activity: 1288

Merit: 253

How to promoted when altcoin have lower price, we need altcoin looks interested with have higher before promoting to many investor. without altcoin have higher price look impossible we can get success for promoting altcoin and cryptocurrency. But when altcoin have higher price just few banned for altcoin can make many people interested with altcoin investment.

nutriagrigia

sr. member

Activity: 1270

Merit: 254

Oikos.cash | Decentralized Finance on Tron

Quote from: Aabcde on December 20, 2019, 06:47:30 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.

the problem of a large number of altcoins is very easily solved if people cannot understand which altcoin it is best to buy for them when entering the market. First of all, people who do not understand anything in cryptocurrency should contact a specialist who can help them choose a good altcoin. it’s better to spend some money and pay to some specialist than later to regret the coins that he will buy

Aabcde

sr. member

Activity: 1050

Merit: 256

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.

HabiebRiziq

sr. member

Activity: 966

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: matchi2011 on December 20, 2019, 03:11:48 AM

Quote from: Kupid002 on December 20, 2019, 03:07:48 AM

Quote from: Callanta787 on December 20, 2019, 03:01:29 AM

Its already happening, altcoins has any adopters already even before the last bull run of 2017, today 99% of my coin is altcoins and most of my friends too so do not bother, altcoins has good fans

Its very dangerous decision to buy all of your funds with altcoin, i mean you can buy 50% of it in bitcoin why you need to risk it all? We dont know for the next bull run if all altcoin will also follow the thrend we are waiting. Actually we dont if there are bullrun that will happen nextyear only speculation.

Only speculation which doesn't secure your investment. If you are planning to hold it's much better to hold bitcoin or most part of your assets should be on this coin. with a lots of supporters and since halving is really being count as good news to have some big effects to the market.

Do your home work and research everything before putting any amount of investment with your chosen project.

For now I also prefer to invest in bitcoin because if we look at the price of bitcoin being declining, this is the right time to buy more or invest most of your money into bitcoin. But that does not mean that other coins or altcoins are not good to invest because I also invest in altcoin which in my opinion has great potential.

Bim abk

sr. member

Activity: 896

Merit: 251

Quote from: bitvalak on December 20, 2019, 04:31:18 AM

The problem is which altcoin reference should be used? Because altcoin is relatively unstable, only a few that do have stable development.
I'm not talking about the price, but the development is really happening. For now ETH is still a good alternative for it, but all of their goals are at the top of Bitcoin.

maybe eth is the most people who know it, but usually those who know eth are people who already know a little about crypto so it might be difficult to do crypto promotions with altcoin

bitvalak

sr. member

Activity: 854

Merit: 267

Leading Crypto Sports Betting & Casino Platform

The problem is which altcoin reference should be used? Because altcoin is relatively unstable, only a few that do have stable development.
I'm not talking about the price, but the development is really happening. For now ETH is still a good alternative for it, but all of their goals are at the top of Bitcoin.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Kupid002 on December 20, 2019, 03:07:48 AM

Quote from: Callanta787 on December 20, 2019, 03:01:29 AM

Its already happening, altcoins has any adopters already even before the last bull run of 2017, today 99% of my coin is altcoins and most of my friends too so do not bother, altcoins has good fans

Its very dangerous decision to buy all of your funds with altcoin, i mean you can buy 50% of it in bitcoin why you need to risk it all? We dont know for the next bull run if all altcoin will also follow the thrend we are waiting. Actually we dont if there are bullrun that will happen nextyear only speculation.

Only speculation which doesn't secure your investment. If you are planning to hold it's much better to hold bitcoin or most part of your assets should be on this coin. with a lots of supporters and since halving is really being count as good news to have some big effects to the market.

Do your home work and research everything before putting any amount of investment with your chosen project.

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: Callanta787 on December 20, 2019, 03:01:29 AM

Its already happening, altcoins has any adopters already even before the last bull run of 2017, today 99% of my coin is altcoins and most of my friends too so do not bother, altcoins has good fans

Its very dangerous decision to buy all of your funds with altcoin, i mean you can buy 50% of it in bitcoin why you need to risk it all? We dont know for the next bull run if all altcoin will also follow the thrend we are waiting. Actually we dont if there are bullrun that will happen nextyear only speculation.

Callanta787

member

Activity: 546

Merit: 21

Its already happening, altcoins has any adopters already even before the last bull run of 2017, today 99% of my coin is altcoins and most of my friends too so do not bother, altcoins has good fans

Coyster

legendary

Activity: 1946

Merit: 1224

Life's but a walking shadow!

Quote from: BIT-BENDER on December 19, 2019, 06:56:05 AM

But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

Why would investors want to engage in what could make them lose their funds, and it's not about getting more people to buy altcoins or to invest in altcoins, would you just invest in an altcoin because they claim it can be used to solve medical problems, problems in the law facilities(judiciary)etc, what you should understand is that is there actually anyone of them that is really solving those issues or are they just dummies claiming to solve problems?, but doing nothing in the end.

No matter how much is preached that people should pay more attention to altcoin, not only bitcoin, they would not until the altcoin market starts working, and for now it is not.

meanwords

full member

Activity: 1624

Merit: 163

Quote from: DaMut on December 19, 2019, 08:22:20 AM

we can not introduce altcoin directly to those who are not familiar with cryptocurrency because it is confusing for them. that is why when we are promoting cryptocurrency, it is all started with bitcoin as a principle and then we can start introducing altcoin to them.
they need a basic to get to know about altcoin, we can not force them to understand altcoin without letting them know about bitcoin. do it step by step, right now there are a lot of people joined and participated in the altcoin project. they were all started it because of bitcoin.

Wrong! You can introduce cryptocurrency with altcoin as much as you introduce cryptocurrency with Bitcoin. In fact, I've seen that introducing cryptocurrency to other people is easier with altcoin. For instance, you have a friend that loves simulator games and you introduce a game that he can play while earning a bit of cryptocurrency (For example, "crypto idle miner" from playstore). That way, he will learn cryptocurrency using an altcoin which from then on we could potentially learn Bitcoin on the way.

Everything starts from how cryptocurrency is introduce and by introducing a game, he could learn more about cryptocurrency while enjoying it.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Magkirap on December 19, 2019, 11:57:03 PM

Quote from: fuer44 on December 19, 2019, 09:48:47 PM

all will depend on what the new altcoin will develop. if the new altcoin project has good ideas and innovations, I think investors will never hesitate to put their funds in and everyone involved in this crypto space will also certainly support to spread the altcoin project to the public.

Yes indeed a new and different vision of their projects will surely attract investors because nowadays most of the projects are just the same and we keep on seeing same projects so if a team that wants to develop a new altcoin they need to be on a different track, different vision but the same goal which is to innovate and with that thing i am quite sure that we will be able to spread about cryptocurrency and people will help in spreading it.

There are several alts and icos being released with quite an impressive whitepaper. The problem here is if the coin will stay true to course. Most of them don't. And there probably won't be an alt that will accomplish that. Bitcoin will always be the posterboy of crypto and that would probably be the case for a very long time. BTC is what most people think fo when you say crypto anyway.

Magkirap

sr. member

Activity: 896

Merit: 267

★Bitvest.io★ Play Plinko or Invest!

Quote from: fuer44 on December 19, 2019, 09:48:47 PM

all will depend on what the new altcoin will develop. if the new altcoin project has good ideas and innovations, I think investors will never hesitate to put their funds in and everyone involved in this crypto space will also certainly support to spread the altcoin project to the public.

Yes indeed a new and different vision of their projects will surely attract investors because nowadays most of the projects are just the same and we keep on seeing same projects so if a team that wants to develop a new altcoin they need to be on a different track, different vision but the same goal which is to innovate and with that thing i am quite sure that we will be able to spread about cryptocurrency and people will help in spreading it.

Topic: Promoting cryptocurrency through altcoin - page 2. (Read 603 times)