What do you think altcoins will be used for in the future. - page 6.

bettercrypto

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Quote from: eminemcookie on November 29, 2018, 06:40:03 AM

Quote from: NordBoeeren on November 27, 2018, 04:54:11 PM

The only place I think altcoins has a future in is gambling, normal gambling but first and foremost e-betting.I can not see how it will take over from normal currency's in the world of buying or selling any other goods then btc. The main reason I think this is that nobody wants to be that guy that bought two pizzas for 10000 btc 5 years from now, so i cant really see what else it has a real future in. But that is only my opinion, What do you guys think?

I would love to be that guy who bought those pizzas. Because you can bet your bottom dollar that he had plenty more bitcoin than just those 10,000 and he's now sitting very pretty in life. Who cares about buying a ridiculously overpriced pizza when you've got more money than you'll ever need.

What if he sold his bitcoin for low price also? Yes it is good for the people that stay and wait till a certain coin pumps. They can actually be a multi millionaire soon. Imagine, bitcoin that does not have value before became the most valuable asset and investment in the market. If I had a chance to bring back our life, I will choose to be a bitcoin buyer before. If I knew it already, I think I will be the one that will get bitcoin.

pajak666

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Blockchain and dApps in ever improving form will probably take over most areas. Anything from marking products to tracking and management software is possible. We will get more and more decentralized marketplaces and financial services etc etc. It is quite powerful tool in our world and we can expect it to touch basically every aspect of our lives.

FairUser

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In the current market, there are many different altcoins, and they are created for different purposes. But until now I haven't seen any altcoins that can be used in the future, most of the current altcoins are now scams and have only been created to pump and dump. If there are widely used altcoins in the future, I think they will be created from government banks

Faxmate

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Quote from: huige007 on December 24, 2019, 10:23:56 AM

Quote from: Divinespark on December 22, 2019, 11:37:20 AM

So far, I have yet to see which altcoins are really good and will be widely used in the future. There are many reasons why altcoins are not loved, because their prices fluctuate too much and there are too many altcoin scams. I think only BTC will be the widely used cryptocurrency in the future and used for payment

The major issue with altcoins is that they have too many projects which ultimately give space to scammers. There is no separate exchange or agency that could separate legit projects from scams. I am of view that bitcoin would stay on the top of crypto currencies and will be used to make big transactions whereas altcoins like ethereum would be used to do buying and selling of small things.

Altcoins are not that expensive so this is why they are used for and will be used for making small purchases. Since bitcoin is the future of the world and is highly expensive, I second your thoughts about it that it would always be used for making huge transactions for business deals, clearing huge debts and so on. Indeed we need some system from registering all projects because this will save a lot of people from getting scammed.

Darooghe

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I think almost all new altcoins have the same technologies and capabilities as top altcoins, and therefore new altcoins will not be able to survive, but those new ones that appear with original and popular technologies will be able to survive and after some time will break into the top altcoins and the same thing i am looking in this project like Tron and Vechain. The adoption of the new altcoins will not give any impact to the old ones and the future of altcoin will be determined by the altcoin itself. In my opinion the competition will always be running and the ethereum and ripple will remain in the same place for the future.

huige007

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Quote from: Divinespark on December 22, 2019, 11:37:20 AM

So far, I have yet to see which altcoins are really good and will be widely used in the future. There are many reasons why altcoins are not loved, because their prices fluctuate too much and there are too many altcoin scams. I think only BTC will be the widely used cryptocurrency in the future and used for payment

The major issue with altcoins is that they have too many projects which ultimately give space to scammers. There is no separate exchange or agency that could separate legit projects from scams. I am of view that bitcoin would stay on the top of crypto currencies and will be used to make big transactions whereas altcoins like ethereum would be used to do buying and selling of small things.

Subbir

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My personal opinion is that while not Bitcoin most of the new coins can quit of the e-market There square measure some token coins that can influence you in several ways that and carry Bitcoin we have a tendency to believe that bitcoin will stay a present to following generation however if it doesn't use it permanently then it's some dangerous aspects.

Divinespark

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So far, I have yet to see which altcoins are really good and will be widely used in the future. There are many reasons why altcoins are not loved, because their prices fluctuate too much and there are too many altcoin scams. I think only BTC will be the widely used cryptocurrency in the future and used for payment

BuNga_cute

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It's too early to mention altcoins useless in the future, the fact is there are some merchants who accept payments with altcoins. Not to mention
an institution as big as UNICEF accepts altcoins for donation payments. So I think altcoins will be useful in the future. Indeed, I must admit 90%
of altcoins are useless, but there are still around 10% of altcoins that can be useful. Especially in the future there will be more countries that legalize
cryptocurrency, the role of altcoins is increasingly visible.

alyssa85

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Quote from: BartS on December 22, 2019, 12:22:07 AM

I think the main use of altcoins is going to be similar to what we see now, I do not expect them to actually be used as currencies they will be used as a way to speculate in an unregulated market, this may not seem like much but it has a great advantage over the rest of the markets that are full of regulations.

But when it comes to actually be used as currencies you can forget about that, people are not going to accept a bunch of useless altcoins when they will prefer to accept the only coin they know will have a value no matter what happens and that coin is bitcoin.

Good point. The focus on regulation appears to be only at the bitcoin-fiat interface.

Whereas simply exchanging one alt to another is unregulated as they are just "tokens". Which means they're the only space for unregulated stuff like pumps and dumps and volatility trading.

BartS

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Quote from: Herry Toms on December 18, 2019, 05:27:36 AM

The problem is there are a lot of altcoins out there that don't have any real-life usage features some of them are standing on the edge of shilling and could fall anytime. But I think all Altcoins are not the same for me they are an opportunity to increase future wealth.

I think the main use of altcoins is going to be similar to what we see now, I do not expect them to actually be used as currencies they will be used as a way to speculate in an unregulated market, this may not seem like much but it has a great advantage over the rest of the markets that are full of regulations.

But when it comes to actually be used as currencies you can forget about that, people are not going to accept a bunch of useless altcoins when they will prefer to accept the only coin they know will have a value no matter what happens and that coin is bitcoin.

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Quote from: oktana on December 20, 2019, 04:13:54 AM

Quote from: bitbunnny on December 18, 2019, 12:35:51 PM

I think that with time some kind of selection will be made among altcoins. They appear almost all the time but not all of them have value or could be implemented in real world, have use in project or similar. So many of altcoins will disappear from altcoin scene and in the future I don't think we'll be having such flood of altcoins.

Too many bad images from various altcoin scams that will have an impact on altcoin as a whole.

I even think there is a period where altcoin becomes completely unimportant, and all companies will only trust bitcoin as coinfloor does now. Reflections from altcoin that can still survive will only be left of coins that have real use cases, the rest will be washed away in the tsunami waves of the market.

Really too bad that most of the investors, bounty hunters, traders got tired of checking the new coins/tokens, and they are not interested anymore thinking they are just all scam, but still at the end of the day we are thankful that crypto masses continue to increase and the adoption is constantly growing.

asus09

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Quote from: oktana on December 20, 2019, 04:13:54 AM

Quote from: bitbunnny on December 18, 2019, 12:35:51 PM

I think that with time some kind of selection will be made among altcoins. They appear almost all the time but not all of them have value or could be implemented in real world, have use in project or similar. So many of altcoins will disappear from altcoin scene and in the future I don't think we'll be having such flood of altcoins.

Too many bad images from various altcoin scams that will have an impact on altcoin as a whole.

I even think there is a period where altcoin becomes completely unimportant, and all companies will only trust bitcoin as coinfloor does now. Reflections from altcoin that can still survive will only be left of coins that have real use cases, the rest will be washed away in the tsunami waves of the market.

With new coin have lower price and scam lower under ICOs or IEO time make bad image for altcoin and not have chance for the future altcoin become partner or payment currency for company and government, many gambling site only use altcoin as their partner and there are not have chance for altcoin become legal currency payment for company project because altcoin looks with lower price always.

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Quote from: oktana on December 20, 2019, 04:13:54 AM

Quote from: bitbunnny on December 18, 2019, 12:35:51 PM

I think that with time some kind of selection will be made among altcoins. They appear almost all the time but not all of them have value or could be implemented in real world, have use in project or similar. So many of altcoins will disappear from altcoin scene and in the future I don't think we'll be having such flood of altcoins.

Too many bad images from various altcoin scams that will have an impact on altcoin as a whole.

I even think there is a period where altcoin becomes completely unimportant, and all companies will only trust bitcoin as coinfloor does now. Reflections from altcoin that can still survive will only be left of coins that have real use cases, the rest will be washed away in the tsunami waves of the market.

One of the most significant coin today is the bitcoin, but this year a lot of traders and investors are facing a huge problem. The price of bitcoin in the middle of the year is just stable there are no so many worries because the price is only nine thousand dollars and the tragedy in the price cames on the end of the November in 2019 the price falls slowly. Some people are just ignoring, the price of the coin is volatile so you cannot see is this a change or dumping; most of the investors pulled out their money to becomes more safe. When the price goes down, many people now are hoping for a long term investment, and some of them are deciding the use of altcoins. The amount of the coins are profitable too not the bitcoin, but still, you can get a profit, the altcoin trading is suited for short term trading the price does not change too much. By these, you can earn income while waiting for the bitcoin also.

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Quote from: bitbunnny on December 18, 2019, 12:35:51 PM

I think that with time some kind of selection will be made among altcoins. They appear almost all the time but not all of them have value or could be implemented in real world, have use in project or similar. So many of altcoins will disappear from altcoin scene and in the future I don't think we'll be having such flood of altcoins.

Too many bad images from various altcoin scams that will have an impact on altcoin as a whole.

I even think there is a period where altcoin becomes completely unimportant, and all companies will only trust bitcoin as coinfloor does now. Reflections from altcoin that can still survive will only be left of coins that have real use cases, the rest will be washed away in the tsunami waves of the market.

jets567

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Well Bitcoin is the most trusted crypto at the moment but altcoins have made some improvement and continuously developing to provide better usage for everyone so we never know what could really happen in the future for altcoins but I disagree with OP that altcoins are only good for gambling.

asus09

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Quote from: Herry Toms on December 18, 2019, 05:27:36 AM

The problem is there are a lot of altcoins out there that don't have any real-life usage features some of them are standing on the edge of shilling and could fall anytime. But I think all Altcoins are not the same for me they are an opportunity to increase future wealth.

Altcoins have free ground for anyone to introduce their own coins and this is why people are always doing experiments by launching their own crypto currencies. What I personally believe is that 80 percent we have trash in the altcoin sector and 20 percent are the coins which are serving the market well with leading coin as ethereum. These are simply going to have real life uses in coming years.

Altcoin and bitcoin become used at the future as payment currency transaction if have higher price, but when bitcoin or altcoin keep with lower price impossible become currency payment at the future and not other company interested adopt bitcoin and altcoin as legal currency payment, to get accepted with many countries and company bitcoin need raised up to higher price before.

cryptoangel

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Quote from: d3nz on December 18, 2019, 10:33:07 AM

It would be possible that there is a lot of altcoins in the future and only few of them will be used for an alternative payment and other services that needed a cryptocurrency.

And we all know that even some of new altcoins today worthless or just created to make money and make fake promises to the investors.

All are accepting your point, But reality everyone see the spam projects in crypto market. So I think all are carefully see the total liquidity and marketcap in crypto market. I don't see any promises in this forum and most spam threads are create the fake news. Altcoins is the need for every investors so it will always survive in the world.

bitbunnny

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I think that with time some kind of selection will be made among altcoins. They appear almost all the time but not all of them have value or could be implemented in real world, have use in project or similar. So many of altcoins will disappear from altcoin scene and in the future I don't think we'll be having such flood of altcoins.

johnwest

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There are many altcoins which have a purpose in their implementation of the coin in real world. If there is a purpose and usecases then there is a future for that altcoin. There are some coins which already implemented their projects and started mainnet, praying to see more real world implementation.

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