The Future of the world is MULTIPLE crypto currencies not just BTC

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: badboyrazor on July 14, 2016, 09:53:23 PM

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

I agreed, Because in my assesment all crypto in altcoins are depending to bitcoin,.without bitcoin crypto will not be created but since the main reason why altcoins appeared it shows that both of them are helping to one another. So it is very cleared that in the near future many cryptos in altcoins will become stronger like the origin of the digital currency. Wink

a7mos

hero member

Activity: 574

Merit: 500

different crypto currencies are competing each other. so I believe the strongest ones only will remain alive in the future. I use bitcoin only because it the most popular one and it has the highest market cap amung them

Wind_FURY

legendary

Activity: 2898

Merit: 1823

But among all cryptocurrencies I think bitcoin is the only one mostly accepted by mechants. The others are there only mostly for speculative value. That has been the dynamic of btc vs all the others and that's where it will stay because altcoins cannot shake its bad reputation of being run by greedy, thieving developers. Let's face it, it will take years until we see something that is as widely accepted as bitcoin.

entrepmind23

sr. member

Activity: 644

Merit: 261

I also believed that this will be the future. There will be multiple crypto currencies. If in fiat there is USD,EUR,GBP,JPY,CNH and other currencies, in the crypto currency, there will be its own version and I think time will come when countries will adopt what will be its national crypto currency. BTC will be like the USD.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: Jimbola3 on July 17, 2016, 03:31:35 AM

Quote from: pearnapple on July 16, 2016, 03:21:30 PM

Quote from: kryptqnick on July 16, 2016, 11:11:41 AM

My prediction is that there will be 2-3 cryptocurrencies and btc will be the strongest one

thats right, bitcoin will always be the best cryptocurrency that is out there, in my opinion because of that it is the best to hold your bitcoins right now and not sell for the future

Yes there are almost hundreds of cypto currencies now and in the future the number will increase but the bitcoin will always be the best and mostly used cryptocurrency. It will be because it was the first unique thing developed!!

just being the first doesn't give bitcoin any kind of edge over any other cryptocurrency that exist or may exist in the future, there are in fact a lot of other factors that gives bitcoin that edge to be in front and be the number one.
for example one of the biggest ones is that bitcoin is being used as a currency so it is not just some digital numbers you give value to, but instead you can purchase goods with it.

topiOleg

full member

Activity: 174

Merit: 100

Quote from: Jimbola3 on July 17, 2016, 03:31:35 AM

Yes there are almost hundreds of cypto currencies now and in the future the number will increase but the bitcoin will always be the best and mostly used cryptocurrency. It will be because it was the first unique thing developed!!

Plus Bitcoin has best development. So many new improvenment made for Bitcoin and many more planned in near future, other coins lacks both user base and good code development - both so important for successfull coin.

Jimbola3

sr. member

Activity: 382

Merit: 250

Quote from: pearnapple on July 16, 2016, 03:21:30 PM

Quote from: kryptqnick on July 16, 2016, 11:11:41 AM

My prediction is that there will be 2-3 cryptocurrencies and btc will be the strongest one

thats right, bitcoin will always be the best cryptocurrency that is out there, in my opinion because of that it is the best to hold your bitcoins right now and not sell for the future

Yes there are almost hundreds of cypto currencies now and in the future the number will increase but the bitcoin will always be the best and mostly used cryptocurrency. It will be because it was the first unique thing developed!!

fravia

hero member

Activity: 770

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: 20kevin20 on July 16, 2016, 05:47:51 PM

I think the governments of this world will ban Bitcoins and Altcoins one day and they will implement a new Cryptocurrency made by them, which will be as secure as BTC (just for us as citizens, but they will see ALL our actions). Bitcoin is just a test, imo.

thats true, only people will be able to do something about it if they will not listen to governments new laws, i hope that bitcoin will become the only currency in the future

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: badboyrazor on July 14, 2016, 09:53:23 PM

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

No, I don't think so. There are already some cases where other cryptocurrencies are accepted as direct payments for products and services, however this use is of minuscule scale compared to Bitcoin. There is also zero indication that acceptance of other cryptos is increasing in any way. And why should it? The other CC's are not offering any meaningful advantage over Bitcoin for that purpose.

Bitcoin had a first mover advantage and as a result enjoys the largest support as a currency. The resulting network effect is very strong and will not be broken easily. Other cryptocurrencies need to offer revolutionary advantages over Bitcoin to be able to compete. I don't see any altcoin that fulfills this criterion.

ya.ya.yo!

20kevin20

legendary

Activity: 1134

Merit: 1598

I think the governments of this world will ban Bitcoins and Altcoins one day and they will implement a new Cryptocurrency made by them, which will be as secure as BTC (just for us as citizens, but they will see ALL our actions). Bitcoin is just a test, imo.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: badboyrazor on July 14, 2016, 09:53:23 PM

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

You nailed it! I believe even government will release their own cryptocurrency! There are lots of technology that can't be implemented to Bitcoin without hardforking it and the developer is really avoiding this kind of stuff. So pretty much the technology that can't be adopted / integrated to bitcoin will then be the reason why alternate currency will be used i nstead of Bitcoin. So yeah it is multiple crypto currency to be used in the future not just BTC.

Cuidler

sr. member

Activity: 294

Merit: 250

Quote from: European Central Bank on July 16, 2016, 03:14:46 PM

do you really believe that any of the current alts are gonna be here in ten years? bitcoin itself might not be. the only thing it has is first mover advantage and that may well be enough.

all the other ones are pretty much nowhere and only live on exchanges.

Actually most altcoins live today on exchanges only as well, even the ones in top ten in coin market cap. This also means coin market cap is not good representation how much a coin is used at all, and I suspect these altcoins are used much less than their respective market cap suggest, eg mostly held as speculative investment only and not used when buying some product/service. At least thats my experience, I spending Bitcoins only but I had few altcoins for playing the speculation market - but only to increase my Bitcoin holdings.

There is really no reason to believe any of the current altcoins going anywhere, I mean moving out of the speculative coin and be actually as usefull coin as Bitcoin.

Arcteryx

hero member

Activity: 728

Merit: 500

EtherSphere - Social Games

Quote from: Kprawn on July 16, 2016, 03:29:25 PM

Whoever comes up with a Alt coin linked to some killer App, will be the king of the Crypto hill. I have no doubt that one of the Alt coins will rise to the top soon. Bitcoin only have

the edge over other Alt coins because it has the wide acceptance from merchants. Once one of the Alt coins can find something that stimulates it's use, it will surely be a

success. One of these uses will be connected to social media or gaming or gambling. Grin

Casinos (real life ones) have the right idea for this. They offer tokens that can only be used on their machines within that casino they distribute them from in exchange for your money whether it be from your bank account, credit card or debit/cheque.

topiOleg

full member

Activity: 174

Merit: 100

Quote from: danherbias07 on July 14, 2016, 11:06:10 PM

Isnt this going to make chaos if there are a lot of online currency out there?

Exchange paradise to collect fees from converting the coins. Having one coin like Bitcoin everyone accepts is better for everyone (except for the exchanges obviously).

It is not chaos if there are a lot of coins, but it would be chaos if there is not a coin everyone accepts - then you would need to use exchanges very often.

Kprawn

legendary

Activity: 1904

Merit: 1074

Whoever comes up with a Alt coin linked to some killer App, will be the king of the Crypto hill. I have no doubt that one of the Alt coins will rise to the top soon. Bitcoin only have

the edge over other Alt coins because it has the wide acceptance from merchants. Once one of the Alt coins can find something that stimulates it's use, it will surely be a

success. One of these uses will be connected to social media or gaming or gambling. Grin

pearnapple

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: kryptqnick on July 16, 2016, 11:11:41 AM

My prediction is that there will be 2-3 cryptocurrencies and btc will be the strongest one

thats right, bitcoin will always be the best cryptocurrency that is out there, in my opinion because of that it is the best to hold your bitcoins right now and not sell for the future

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: Lionidas on July 16, 2016, 03:05:10 PM

That is why I am looking into getting into multiple other cryptos too. But just need to figure out which ones are not the next scam coin Roll Eyes

do you really believe that any of the current alts are gonna be here in ten years? bitcoin itself might not be. the only thing it has is first mover advantage and that may well be enough.

all the other ones are pretty much nowhere and only live on exchanges. the tech's gonna get better, the scamminess is gonna get weeded out and new waves of buyers are not gonna put up with the shit that we do.

Lionidas

hero member

Activity: 1008

Merit: 1012

I totally agree with everyone that says that this statement is true. We can not only rely on btc.
That is why I am looking into getting into multiple other cryptos too. But just need to figure out which ones are not the next scam coin Roll Eyes

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

yes off course because world is changing financial era. Bitcoin is just one of altcoin among many more having highest value for exchange in market globally and can also be exchanged in fiat currency.

This magic is just because of blockchain and cryptography.

World is already start to go beyond as steemit formed blockchain social network.

In future few more advantages of blockchain will see.

Banks are also testing blockchain feature for better banking experience.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: avikz on July 16, 2016, 12:50:19 PM

The picture says it all. It is inevitable that one day bitcoin will surely be replaced by any other altcoin. But I think that day will be seen by our grandchildren and not by us. Probably 30-40 years down the line, bitcoin will be considered as antique and highly valuable that general people won't be able to think about.

if bitcoin lasts another 3-4 decades then that must mean that it's become a success. success equals a bunch of people pouring money into it.

how do you replace something if a vast amount of money is tied up in it? why would anyone want to replace something? does every single human who's involved agree with every single other human to abandon bitcoin at the same moment?

people are not gonna look at some alt after decades of bitcoin running smoothly and think 'hmm, that one's got a 'like' button in the wallet. guess it'd better sell everything before it collapses when everyone else has the same idea and jump on board.'

this ain't a website you can abandon with a few clicks for the next hot one. the incentive is there to keep improving it.

Topic: The Future of the world is MULTIPLE crypto currencies not just BTC (Read 2417 times)