Topic: So why Altcoins exist ?? - page 3. (Read 569 times)
Even though the concept of a blockchain was invented by the creator of Bitcoin, Bitcoin has no monopoly on blockchain technology. People can create their own cryptocurrencies and their own blockchains, and that’s generally what cryptocurrencies are. Otherwise, in altcoins, many investors are looking for “the next Bitcoin” that will have a dramatic increase in value.
Altcoin - this, in fact, bitkoyn with a plug that performs the same functions and tasks as bitcoins. Altkoins is released on the blockchain bitcoin, and some Altcones with improved block-chain and technical solutions, for example, for transaction speed, anonymity, low commissions. Not so many altoins that solve bitocoy's problems. On the example of LTC, DASH, bitcoin cash, Monero and others. Altcoins are virtual money that pays for other words. All other coins are tokens that are (shares) of startups in the chain of ETH blocks or in their own block chain. Tokens are mandatory for any ICO. People, frankly speaking, exchange their money for the sake of convincing that the project will be successful and bring good profits.
Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
if you are saying why altcoin exist, it means you are automaticallysaying why Ethereum, why Bitcoin Cash etc etc. bitcoin has it is purpose, that is why it came into exist, while it purpose is been neglected, Bitcoin Cash came into exist to correct some of these error. if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
every altcoin has it unique purpose of been into existence just like bitcoin. and the existence of altcoins has nothing to do with the bitcoin market fluctuation. this is one thing every decentralize currency will always experience "Market Fluctuation"
Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
if you are saying why altcoin exist, it means you are automaticallysaying why Ethereum, why Bitcoin Cash etc etc. bitcoin has it is purpose, that is why it came into exist, while it purpose is been neglected, Bitcoin Cash came into exist to correct some of these error. if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
every altcoin has it unique purpose of been into existence just like bitcoin. and the existence of altcoins has nothing to do with the bitcoin market fluctuation. this is one thing every decentralize currency will always experience "Market Fluctuation"
Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
I will give you the best example for your question you know ethereum is good altcoin in all of different kinds of coin that run already in crypto and follow now by bnb,neo,bch and ltc so this 5 are going to be similar to bitcoin in future actually ethereum is already authorized here in my country so the of it go high a little because they authorized ethereum to exchange in our own fiat money so i say it is like bitcoin when it start and actually i do a lot of investing in ethereum if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
Altcoins as a substitute with bitcoin is a fair way of circulating cryptocurrencies. Take note that even with the real currencies, it varies. This is simply because this should not supposed to be monopolized by a single currency. Another altcoin should go along with it to provide balance in the cryptomarket. This is my opinion.
Not all of them are related to bitcoin. Each serves its own unique purpose. They are almost like company stocks in a way. Being decentralized and on the blockchain, all altcoins can help promote the blockchain.
Luckily, you have nothing to worry about as bitcoin is still top dog
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Luckily, you have nothing to worry about as bitcoin is still top dog
. Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
They are needed to use the service on platforms that are behind the altcoins. To pay for goods, etc. if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
Altcoins exist because they either aim to fill a 'hole' in the market, or act to improve on the bitcoin feature-set. Many altcoins have clearly improved on what bitcoin first offered, e.g. Monero, NEO and Dash are leaps and bounds beyond bitcoin, but they lack consumer adoption. Plus bitcoins simply forks to keep up.
One of the reasons is that the majority of bitcoin investors are also those of the altcoins, and in cases where they see an opportunity to enter a currency, they sell on one side to buy another, and this causes a coin to rise the demand and in another the supply producing a rise and fall of price respectively.
This thread shows what is crypto using for) Just for speculations and fast profit;) Nobody cares great tech in new alts, that most of ICO can change the world)
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Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
Altcoins exist to diversify and provide new features to the original
There is always volatility, whether this is in the BTC and ALT markets, oil, gas, gold and even wheat, It's a prospectors and traders world we are all in now.
altcoins exist mainly so people can take your bitcoins and dollars away from you by pumping, dumping and convincing you they'll be the next big thing.
there are some trying to do things that bitcoin can't do. most can't be bothered.
there are some trying to do things that bitcoin can't do. most can't be bothered.
The specialized reason is that Bitcoin has characteristic issues because of its outline, and individuals feel they can enhance it. For instance, Bitcoin exchanges have high expenses and can set aside a lot of opportunity to process, so some altcoins are intended to have bring down charges and quicker handling circumstances. The "proof of work" necessity that requires a ludicrous measure of vitality use could be supplanted with an alternate check technique, making the new altcoin more productive and sparing all the world's vitality from being sucked up to mine Bitcoin the way nanobots may one day suck up all the world's issue in a dim goo bad dream situation. Some altcoins, as Monero, are more mysterious by plan, which draws in individuals who need to purchase drugs on the web, for instance. Individuals who like the possibility of digital money yet think Bitcoin has genuine specialized issues are pulled in to altcoins as an answer.
Since Bitcoin came out there have been many coins that have appeared in the ecosystem incorporating technical details that Bitcoin may not have incorporated since its launch but from which its possible implementation has been studied.
Many of the new currencies appear with useful purposes for the end user. Focused on a different theme, each of them tries to make a hole in a market that goes through periods of saturation frequently.
The coins that really have something to contribute are because they try to help decentralize any aspect that we can imagine from real life.
Many of the new currencies appear with useful purposes for the end user. Focused on a different theme, each of them tries to make a hole in a market that goes through periods of saturation frequently.
The coins that really have something to contribute are because they try to help decentralize any aspect that we can imagine from real life.
the altcoins offer special and unique features and focus on specific problems and issues in the real world or in the cryptocurrency one. all of the cryptocurrencies are an implementation of the the block chain technology. saying we should only have bitcoin is like saying we should only have the iphone for touch screen technologies.
Regarding the projects, and its objectives, there is many project has not any problems to resolve and no meaning of being in the existence.
the altcoins offer special and unique features and focus on specific problems and issues in the real world or in the cryptocurrency one. all of the cryptocurrencies are an implementation of the the block chain technology. saying we should only have bitcoin is like saying we should only have the iphone for touch screen technologies.
Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
Altcoins exist to diversify and provide new features to the original Bitcoin core, there are different blockchains for differing option, be they medical, game assets, public records and many more.
There is always volatility, whether this is in the BTC and ALT markets, oil, gas, gold and even wheat, It's a prospectors and traders world we are all in now.
Altcoins prices push the price of bitcoin up and down !!
no they do NOT. it is mostly the other way around. but altcoins may affect bitcoin price a little but I wouldn't say they are pushing it up and down!Quote
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
because not everything is about price!Quote
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
because most of these altcoins are only created for trading purposes and nothing more. in fact the adoption for majority of them is purely from speculators.
Altcoin is created because they have their own project to prove, or they beleived that they are much better than bitcoin, as we all know most of the altcoin has a much better transaction fee and much faster rather than bitcoin.
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