Topic: So we get that btc will eventually "rise" (Read 1972 times)

I invested only a little amount of money (50$) so I won't be rich but I want to follow its development because the bitcoin project is very promising.

This is when things get dangerous. You may get rich with Bitcoin. Quite some people already have. But more people have also lost money investing in Bitcoin. It's mostly people not familiar with markets that get scared and act/trade on their emotions. A dangerous thing to do!

I'm here because some friends told me this was a great opportunity to make some money, hoping that bitcoin will really rise in some months.

Most altcoins will most likely fail. They can only prevail if they offer a real advantage or contribution to Bitcoin! I don't really think there's going to be such a coin, though! Bitcoin has simply the widest adoption and most traction. That's what counts!

Well altcoins will rise in FIAT value, since they're more tightly coupled to Bitcoin than FIAT. I guess we may see them appreciate in value as well, since there are a lot of newcomers that haven't put money in any coin. But I'm doubtful what the longterm success of altcoins is concerned!

More risky = More chance of higher gains.
People realize that they are risky and yet invest in them.

Altcoins are way more risky. Better hold on to BTC. LTC might still have a future though.

While it used to closely track btc movements earlier, that is no longer the case.

It all depends what alt coins are popular at the time of BTC bubbles, at least this has been the history of alt coin price movement.  Even junk like feathercoin went on a pump during china bubble.

LTC seems to be stronger vs the rest of alts.

There are quite a few who would not agree that  btc will eventually "rise" 

Check the charts, guys. Around last September and October, Bitcoin's % of total crypto cap fell to 75. Ripple is now in use on two continents. Nxt has a half a dozen 'family' coins on the charts.

But more to the point, and without wishing any ill upon Bitcoin at all, altcoins are where almost all of the '2.0 stuff' is happening.

And Unobtanium. Check its stats. It will be around until the sun burns out in the sky.

Mark (IndiaMikeZulu), Australia

Well, it's maybe a bit soon to say so, but unfortunately, I dont really see many altcoins surviving this, and Litecoin hasn't got much to offer. Maybe when cryptos become super mainstream, LTC will regain a certain value, but who the fuck knows.

Have you been following the charts in the last few months? Litecoin is already dead.

Bitcoin is really near to the next jump in price, prepare yourself and sell all the FIAT you have in the exchanges.

Some might rise, most of them will die. No other way around.

Anyone can create altcoins with low cost, it is inevitable to happen.

The watering of altcoins is fantastic as it lowers the expectation and thus price, meaning those that get in early on a successful coin can realise even greater gains.

In the early 20th Century, there were more than 1500 car makers in the US, believe it or not.  Before Henry Ford began mass producing in factories, cars were frequently made in small quantities by craftspeople.  

As we know, eventually 1500 car makers were eventually narrowed down to The Big Three.  Yes, there were other companies that had their runs, like Packard, Studebaker, AMC...maybe Tesla could be a candidate for that group right now.  But for the most part, they went out of business or were acquired.

My guess is that something similar will happen with altcoins.  It may not look the same, because cars and crypto are so different.  To make cars, you need a significant capital commitment for space, machinery, and people.  In order to continue, you need contribution to overhead.  When car companies flounder, they disappear.  Cryptos could languish for a long time without failing to meet overhead or debt service obligations, so 1500 may not obviously turn into three or four, but I do think that eventually most will see depressed prices and volume.

The exception will be cryptos that address something that bitcoin users find as a lack of utility.  It could be transaction times (something like Litecoin with quicker confirmations) or it could be related to anonymity (Cryptonote coins).  It's possible that some crypto iteration would address specific issues with specific solutions (one could imagine some kind of corporate remittance coin or maybe something related to oil deliveries).  

The crypto space is so pregnant right now because the possibilities are endless.  Eventually, though, people aren't going to utilize a bunch of flavors-of-the-month as an exchange medium or a store of value.  Most of them will eventually languish.  True innovation will likely be rewarded in the crypto space, but innovation will be determined by utility, and that means most of the current alts will languish and become irrelevant in terms of price/volume.

I think Litecoin will become a good secondary coin. Most others will fail or die.

none of the current alts offer anything better than bitcoin, why would anyone choose to accept/use any crypto that isn't bitcoin when bitcoin has the most secure network (highest hash rate) and is the most widely accepted crypto.

the only reason people own alts is not to use them but to speculate on their price to make a profit.

What do you mean by real coins? coins that are based on a dog meme?