Like when alt coins died in late 2013/early 2014 when Bitcoin hovered around $1000? Doubt it. If anything it will be another alt boom.
i agree! watch this interview.
https://www.youtube.com/watch?v=cIasr2AiyZ0
Damn that's hilarious ! True.
Topic: When Bitcoin moons... alt-coins will die. - page 2. (Read 3218 times)
i agree! watch this interview.
https://www.youtube.com/watch?v=cIasr2AiyZ0
Damn that's hilarious ! True.
The issue is, that altcoins have absolutely no real world usage nor any use cases nor usability.
r.o.t.f.w.l. !!!
Is that your latest random philosophy of the day ?
That's a remark that only someone who was utterly clueless and had done zero research into the functioning of altcoins would say.
I'm sorry. If / when Bitcoin "moons" there will be huge problems in various sectors that simply can't access digital currencies due to the nature of Bitcoin's monetary features.
Have a look around you. The financial system is massively diverse. There is a universe of different types of derivatives, financial instruments, currencies, bonds, debt-based, commodity-based you name it based monetary tokens.
The idea that bitcoin is the "only one" is ludicrous. It may consolidate its position as the "reserve" but thats it. On a day today basis it will be lucky if it has as important a role as gold (which isn't the only monetary token in use in case you hadn't noticed).
Apart from anything else, markets (free markets at least) do not ever allow anything to be "the only one".
Ok so you have some bitcoin, buncha altcoins and youre just waiting for the day bitcoin moons like you've always dreamed.
I thought we was at the moon already.
No matter Bitcoin moon or down, some altcoins are still outperforming bitcoin. They are really promising and addressing some issues in our real life. Why altcoin is called alt, cos it comes after bitcoin. It doesn't mean it is not good, it provides some features bitcoin don't.
True, alt infers "alternative" to Bitcoin. Many so-called alts are not even the same competing market as Bitcoin as a digital currency and act as fuel to power services.
Bitcoin is platform and alts are aps on that platform.
When Bitcoin moons, good altcoins moons too...
No matter Bitcoin moon or down, some altcoins are still outperforming bitcoin. They are really promising and addressing some issues in our real life. Why altcoin is called alt, cos it comes after bitcoin. It doesn't mean it is not good, it provides some features bitcoin don't.
True, alt infers "alternative" to Bitcoin. Many so-called alts are not even the same competing market as Bitcoin as a digital currency and act as fuel to power services.
No matter Bitcoin moon or down, some altcoins are still outperforming bitcoin. They are really promising and addressing some issues in our real life. Why altcoin is called alt, cos it comes after bitcoin. It doesn't mean it is not good, it provides some features bitcoin don't.
The issue is, that altcoins have absolutely no real world usage nor any use cases nor usability. Consequently, apart from day traders and pathetic P&D scammers nobody use altcoins. Ethereum will perhaps make it as smart contracts could be useful to address many business requirements, but despite the hype and massive investment it is not even clear if Ethereum will make it. However, the current +600 altcoins/shitcoins, hopeless BTC/LTC clones will simply disappear.
So you think there is not a market for decentralized databases & artificial intelligence on Sapience/XAI for instance?
If anything we will find out how limited Bitcoin really is, blockchain technology is the future of everything from cloud storage to networks that will be almost impossible to take down/DDOS. Imagine if the Sony PSN network was secured by a blockchain, you know how much Sony would pay for that technology? It would be worth its weight in gold.
If you say there is no real world use for alts its because most good ones are barely 6-12 months old, how many startup businesses can you name that became a economic powerhouse in such a short time period?
Since altcoins have higer volatility compared to BTC I think that the answer is clear. Smaller money bigger moves, alt coins to the moon and beyond.
There will always be a market for altcoins, because they have different usabilities, or because some people just likes something different.
As you can see from the past, if the price of bitcoin rises, altcoins will follow.
As you can see from the past, if the price of bitcoin rises, altcoins will follow.
That's one of the most inaccurate statements I have ever read in here.
The issue is, that altcoins have absolutely no real world usage nor any use cases nor usability. Consequently, apart from day traders and pathetic P&D scammers nobody use altcoins. Ethereum will perhaps make it as smart contracts could be useful to address many business requirements, but despite the hype and massive investment it is not even clear if Ethereum will make it. However, the current +600 altcoins/shitcoins, hopeless BTC/LTC clones will simply disappear.
Like when alt coins died in late 2013/early 2014 when Bitcoin hovered around $1000? Doubt it. If anything it will be another alt boom.
i agree! watch this interview.
https://www.youtube.com/watch?v=cIasr2AiyZ0
People chase what moves. If an altcoin is appealing enough and communicates promise to enough people, there's nothing stopping it from taking over... save for network attacks, governments, large businesses...
That's cute.
Like when alt coins died in late 2013/early 2014 when Bitcoin hovered around $1000? Doubt it. If anything it will be another alt boom.
like it was then price of LTC was around 40$ if I recall or little more
yes i share this opinion ass well and hope to see some alt coin go boom
Ok so you have some bitcoin, buncha altcoins and youre just waiting for the day bitcoin moons like you've always dreamed.
You woke up this morning and bitcoin was $1,000 you bought in at $600 and you held ever since.. in debt.
So you immediately sell your bitcoin to regain your investment. You then are happy from your profits after many long bearish seasons.
You then realize you could sell all your altcoins for a ton of extra bitcoin! you cash out 1 btc of your favorite coin but then you notice the buy support would only allow maybe a few more people like you to sell off their holdings for bitcoin.
After no more buy support every one is considered bagholding right? and would require more bitcoin or new investors to buy all those coins... who is going to buy play altcoins when they cost 10x as much in fiat money? just wondering if anyone else pictured this scenario
You woke up this morning and bitcoin was $1,000 you bought in at $600 and you held ever since.. in debt.
So you immediately sell your bitcoin to regain your investment. You then are happy from your profits after many long bearish seasons.
You then realize you could sell all your altcoins for a ton of extra bitcoin! you cash out 1 btc of your favorite coin but then you notice the buy support would only allow maybe a few more people like you to sell off their holdings for bitcoin.
After no more buy support every one is considered bagholding right? and would require more bitcoin or new investors to buy all those coins... who is going to buy play altcoins when they cost 10x as much in fiat money? just wondering if anyone else pictured this scenario
do some more research you will find that in a major bitcoin rally the alts go down then have a slingshot effect with even more insane % growth.
source: litecoin 2013 happened twice
I expect maybe a couple of alts to survive as purpose-specific coins
Most will die as btc inevitably takes off in the coming years
Most will die as btc inevitably takes off in the coming years
not all altcoins will die but most of them will, only good one with some innovation will stay there
I understand how people feel about these other Bitcoin copies, alternatives.
However I still believe that alternative Crypto currencies good for bitcoin and the community.
However I still believe that alternative Crypto currencies good for bitcoin and the community.
Altcoins will grow with bitcoin because they will become more economically viable as the price of bitcoin goes up.
alts are oversold already. They won't die much more. I'd expect them to actually hold their value in USD and even slightly rise against USD in case BTC rally. But i think BTC will not bubble soon, maybe more slow bullmarket. So being in altcoins is likely the best you can do.
Hold Bitcoin: very best case you get 10 times or 20 times back
Hold LTC: best case you get 150 times back
Hold other alts: best case you get 800 times to 1000 times back
Bitcoin is for the nutcases only.
I do accumulate a variety of alts.
Hold Bitcoin: very best case you get 10 times or 20 times back
Hold LTC: best case you get 150 times back
Hold other alts: best case you get 800 times to 1000 times back
Bitcoin is for the nutcases only.
I do accumulate a variety of alts.
bitcoin boom = altcoin boom
This is the beginning of something huge. Investors are begging to invest/hire anyone that can program p2p blockchain technology.
Many devs like supporting coins with 0% premine and remaining anonymous. Other devs like to be public and run ICOs. Others support both. Buy up as many coins as possible! Don't let Venture Capitalists get all the coins.
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