This BTC parity is a bad idea | Bitcointalksearch.org

chennan

legendary

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Quote from: BitcoiNaked on January 13, 2015, 08:21:34 AM

Quote from: cassius69 on January 13, 2015, 07:28:35 AM

Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

altcoins arent being dragged down by bitcoin. they are down because most of them are scams

They damn are and im not talking about scams. Bitcoins is clearly making it harder for alternative innovations here.

how does it come? Any individual can have innovation in crypto world!

Eamorr

sr. member

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If you are thinking of buying into alt-coin, then I think now would be a good time.

BTC is dragging everyone down with it. It's needless because many of the fundamental problems of BTC have been addressed by other alt-coins. Other alt-coins are capable of facilitating the needs of the future global economy. BTC isn't.

I'm an XRP fan (I don't hide this). Though be very very cautious at the moment - there's a lot of irrational movement going on.

Undermood

legendary

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Quote from: ?? on ??

Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

Well, you should start and ask exchanges to add more counter exchangeable crypto coins. Still can't understand why we always just use "LTC" or "BTC" nice centralization ha ?

it is understandable btc and ltc is leading crypto currency it bridges the gap between fiat and crypto world! But some crypto are becoming popular and is linked directly to fiat as well.

Eamorr

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Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

Yes, pretty much all alt-coins (of significant market cap) are tied to/strongly correlated to BTC.

There are one or two notable exceptions. XPR, for example, while still correlated, is not as strongly coupled as the others.

BitcoiNaked

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Quote from: cassius69 on January 13, 2015, 07:28:35 AM

Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

altcoins arent being dragged down by bitcoin. they are down because most of them are scams

They damn are and im not talking about scams. Bitcoins is clearly making it harder for alternative innovations here.

tokeweed

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Life, Love and Laughter...

i think exchanges should start experimenting with altcoins/bitUSD pairs or altcoins/nubits pairs. i'd love to have some altcoin/fiat trading, but hate the idea of holding them in an exchange. the beauty of bitUSD and nubits is you can keep 'fiat' in a wallet you control.

edit: if some of you think bitUSD or nubits suck due a number of reasons, then it might be good to think about better bit.FIAT solutions. it could be the next big thing for all we know.

cassius69

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Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

altcoins arent being dragged down by bitcoin. they are down because most of them are scams

kelsey

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Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

well being dependent on a bank controlled inflationary fiat would kinda defeat the whole purpose of a cryptocurrency.

unusualfacts30

hero member

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I agree but most exchanges don't accept USD.

USD isn't used worldwide

If US gets wiped out so will USD

BTC = Worldwide money

Agestorzrxx

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Quote from: BitcoiNaked on January 13, 2015, 04:33:16 AM

So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

That's true. But most of big exchange don't support altcoin exchange.

BitcoiNaked

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So basically because of btc fuckups alt coins are getting dragged down the drain aswell, even if they are very promising. USD parity is better so they can stand on their own and not depend on btc.

Topic: This BTC parity is a bad idea (Read 785 times)