It strongly depends on the concept of the project. Look at their work first, and you can exchange your altcoins in to bitcoin or somewhere else to withdraw your money.
Topic: What is actual use of altcoins other than trading? - page 3. (Read 471 times)
Crypto is actually all money in the world of money. The important thing is to make sure you buy. Because all the crypto money in the market is a project.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
A newbie question here and I am glad to see how your mind critically works. Can someone is using altcoin for purchasing and shopping etc.
The bold line is true. Besides, there are many things that altcoins contribute to the society. Altcoins have their perspective usage, some can be a tool to purchase in and out of the country, some are merchandise, some are helping the migrant people, some our freelance hiring and all of then are individually unique. Yes, they are all developing the world through the use of blockchain technology and their native coin.
Well, obviously yes. In fact, a good altcoin is created not to be sold on the market, but to be used in order to pay for some action or service. Because the more people use this altcoin the higher its price on the market.
You can buy many things with altcoins. Second off, many altcoins are trying to be number one cryptocurrency. Their aim is to surpass bitcoin. The usage varies from one to another. So, if you are using an altcoin for any purpose, you are just promoting the ones who created it in the first place because all they care about is making money. Some people have noble goal as they really want to rebel against corrupted banks, and some are not.
Yes. Most of the coins are used for payments, monero is accepted in deepweb markets, xrp can be used as payments too, verge for pornhub, and many more. It depends on the store/service if they acknowledge a particular coin for paymemts.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
Can someone is using altcoin for purchasing and shopping etc.
Yes, of course there is. Most if not all of the top coins have a real purpose, and many of these are very different to simply being used for payments. ETH for example is a smart contract platform. Its use-case overlap with a payment-type coin is very small to non-existent. Then you have IoT type coins, and whole swathes of projects looking to transform all different types of industries as we move towards an internet of value. Crypto is not simply digital money, it is way way more than that.
I would say though that these use-cases are largely based on potential - the world moves slowly and it will be some years yet before crypto is fully integrated into society.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
Can someone is using altcoin for purchasing and shopping etc.
hey you can use altcoin for other purpose like investing. if you have ethereum, you can invest on ico.
investing on ico is profitable if only you found a good ico and a real, not a scam one.
Currently some countries have not accepted the altcoin in payment for goods and services. So we do not use outside altcoin, just hold them to benefit from the price difference.
Altcoins are not just for trading. Some altcoins have value for long term and some are used for purchases too.
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Can someone is using altcoin for purchasing and shopping etc.
Honestly, I have never done goods transactions with ALT, and I used just to use Bitcoin. In my country, the government made the regulation prohibiting Bitcoin as a means of trade in January 2018, but not banning for asset investment Can someone is using altcoin for purchasing and shopping etc.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading? Can someone is using altcoin for purchasing and shopping etc.
Trading cryptocurrencies is more an additional function of cryptocurrencies, because the main function and purpose of cryptocurrencies is to use it as a tool for exchange of values with other community members. For example, I know many people who buy many different digital goods using Ethereum or Dogecoin (because the transaction fee is low). If I need to purchase a book or magazine, I also use cryptocurrency. I recently sold a few things over the Internet and got Ethereum for it, it's very convenient and fast.
While the biggest aspect of an altcoin is its price that it is being traded at for most of the part, tokens can be exclusively used on the platform that it is being developed on. Say Byteball, it can be used as flight insurance through the respective oracle, wager against other users on sports, all of this through smart contracts.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
All coins in crypto are created for each service uses,they are made to use as transaction materials for the projects/services offered by the company..Can someone is using altcoin for purchasing and shopping etc.
Maybe it cant be find for now because its simply designed for future,when time comes that cryptoworld will be accepted in all countries and by all people
Different coins have differents possibility, but these altcoins are using for shoping, paymends in different websites or can be used in games. There is a lot possibility
lol, you actually brought up a very important issue with crypto:
So many coins have NO USE AT ALL.
Yet their company is valued in the millions?
Yeah, that's not sustainable.
For 2018, the market is really starting to mature and alts that have no use or companies with no working product will just not make it anymore.
Especially after Jan to Mar. price crash, investors are looking for long term, reliable investments.
This is where your own research will be invaluable to long term profits.
Does the company have a working product?
Is it better than it's competition?
Is there active development on it?
Does it have real world solutions to problems?
These are the types of questions you should be asking, not "When will it moon? I want my lambo!"
So many coins have NO USE AT ALL.
Yet their company is valued in the millions?
Yeah, that's not sustainable.
For 2018, the market is really starting to mature and alts that have no use or companies with no working product will just not make it anymore.
Especially after Jan to Mar. price crash, investors are looking for long term, reliable investments.
This is where your own research will be invaluable to long term profits.
Does the company have a working product?
Is it better than it's competition?
Is there active development on it?
Does it have real world solutions to problems?
These are the types of questions you should be asking, not "When will it moon? I want my lambo!"
It strongly depends on the concept of the project. Look at their work first, and you can exchange your altcoins in to bitcoin or somewhere else to withdraw your money.
The use of cryptocurrencies as a currency remains very limited. I acquired a bitcoin mining hardware and sold the rights to the trademark with bitcoins. I haven't seen any more suggestions. Bitcoin is not yet ready to become a full-fledged currency. I have high hopes that the developers will address the issue of scalability. This will significantly simplify the process of using cryptocurrencies.
Some of the altcoins carry new blockages with more sophisticated and branched chains of transactions, some new computer games for fans of this leisure.
I've heard there are some restaurants that use bitcoin as a means of payment with it can obviously be used as a means of payment, Then altcoin and bitcoin can be categorized as digital assets, of course, by storing in a certain time before trading at the highest price.
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