What do you think about others altcoin than Bitcoin - page 7.

ahmedjamal1998

hero member

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Quote from: Aura on July 26, 2017, 07:27:45 AM

Problem is that most business owners are to lazy to implement Bitcoin. They won't miss much sales when Bitcoin is not an accepted payment method. So volunteers (Bitcoin supporters) need to explain it's value, potential and implement the system. If Bitcoin gets more populair under business owners they will probably hire someone to do it. I just don't see this happen for 20 other coins.

The real problem for businesses is bitcoin price volatility. They work with USD and are happy with it.
They just look at it that it's too much tention for them to accept a form of payment that doesn't go with the rest of the business.

I mean even if they accept crypto, they still need to buy goods with USD. What if btc price goes down at time of buying ? Then that's a loss.

That's why they just ignore the whole crypto thing.

ahmedjamal1998

hero member

Activity: 728

Merit: 537

I only look at altcoins as a means of earning money.
But do they have real real potential to be widely accepted and used in the future? I don't think so.

They exist and will just for trading/mining profits.

But actually this doesn't apply to all of them since some coins introduce new stuff as siacoin and lbry (you can read more about them).
They aren't just some other coins but they introduce a new decentralized system for doing the old things in a different way. That's what attracts me (not talking about price and earnings at this point ).

Aura

sr. member

Activity: 518

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Quote from: Emoclaw on July 26, 2017, 07:11:39 AM

Quote from: Aura on July 26, 2017, 07:07:23 AM

To be honest, I don't see much potential in other coins than Bitcoin. Don't get me wrong I do not say that alt coins are bad but they just won't be accepted on a high scale. Even Bitcoin is not accepted everywhere and implementation costs are high.
Nevertheless I still keep some alt coins but it's mainly for a quick buck.

There are no costs for a business to implement Bitcoin.

With that said, most altcoins which are not shitcoins have their special use cases or offer features that Bitcoin does not.
Monero for example offers complete anonymity.

Problem is that most business owners are to lazy to implement Bitcoin. They won't miss much sales when Bitcoin is not an accepted payment method. So volunteers (Bitcoin supporters) need to explain it's value, potential and implement the system. If Bitcoin gets more populair under business owners they will probably hire someone to do it. I just don't see this happen for 20 other coins.

Emoclaw

sr. member

Activity: 420

Merit: 251

Quote from: Aura on July 26, 2017, 07:07:23 AM

To be honest, I don't see much potential in other coins than Bitcoin. Don't get me wrong I do not say that alt coins are bad but they just won't be accepted on a high scale. Even Bitcoin is not accepted everywhere and implementation costs are high.
Nevertheless I still keep some alt coins but it's mainly for a quick buck.

There are no costs for a business to implement Bitcoin.

With that said, most altcoins which are not shitcoins have their special use cases or offer features that Bitcoin does not.
Monero for example offers complete anonymity.

Aura

sr. member

Activity: 518

Merit: 268

To be honest, I don't see much potential in other coins than Bitcoin. Don't get me wrong I do not say that alt coins are bad but they just won't be accepted on a high scale. Even Bitcoin is not accepted everywhere and implementation costs are high.
Nevertheless I still keep some alt coins but it's mainly for a quick buck.

excuber

newbie

Activity: 50

Merit: 0

Hello again....since i want to know what is bitcoin for you...and what you think about anothers cryptocurrencies like ethereum,litecoin,dogecoin,eth classic,zcash,dashcoin,monero,golem and others...

Topic: What do you think about others altcoin than Bitcoin - page 7. (Read 2210 times)