Topic: Why consider Altcoins? - page 2. (Read 498 times)

Would bitcoin had developed that fast and grow that high, if there were not so many Altcoins on the market? I don’t think so. Bitcoin is definitely the best invention of the last decade and it's hard to argue now what could have happened if there had not been so many other coins around it. What‘s your opinion?

There are very few alt coins which can outperform bitcoin from my opinion. Ethereum, EOS, NEO, etc are my major picks in this case. They have the capability to lead the market.

We have big numbers in altcoins in the market but this one cryptocurrency bitcoin is holding more than 52 percentage of the marketplace dominance this is really the big thing that one coin holding over the 50% in the market so in this time how we can expect the other altcoins to beat the bitcoin.
That will never happen at all and if the one coin we choose that can give little competition in dominance side alone we can choose the ethereum for that.

May be we see many private blockchain and centralized cryptocurrencies further.

Bitcoin is an established coin and it has most popularity. Many people only know about bitcoin not other coins. So i think it is really hard to beat it. But still there is possibility as the crypto world is uncertain.

Bitcoin is the leader of cryptocurrencies till now. But there are many promising alt coins. And they can do good in the future. I also believe that maybe some alt coins will cross bitcoin.

Of course, a large number of altcoins has already exceeded rationality. It would be nice if there were official forks with a constant improvement of BTC, but without preserving the old branch of the blockchain.
In addition to BTC, a few dozen altcoins would suffice.

I don’t think altcoin can ever beat bitcoin. Actually price of altcoin is dependent on botcoin. So for being dependent I don’t think it can be better. And bitcoin has supremacy over the whole market. So I don’t find ATC beneficial than BTC.

Truly, you are correct, now numerous individuals are getting appended to the altcoins due to the reality of high incentive in bitcoin. Altcoins are getting its prevalence among the novices in light of the focal points you have imparted to us. Bitcoin is for the individuals who are experienced and have enough information about this market.

I don’t find any good reason for considering altcoin over bitcoin. The facts you have told above will not impact on bitcoin as bitcoin is always lead the market and all other coins depend on it.

If all the features above really can be found in any altcoin then it will definitely put some impact. But I have doubt on it. And bitcoin has a huge network in crypto market and its leading. So let’s see what will happen next.

IMO every people have their own judgement about altcoin.
Some people can say about their altcoin have advantage compare bitcoin for example : faster , cheaper, stable , etc.

For me, I consider altcoin for investment purpose because if you lucky enough , you can obtain significant amount of profit in short time !

Yes, you are right, now many people are getting attached to the altcoins because of the fact of high value in bitcoin. Altcoins are getting its popularity among the newbies because of the advantages you have shared with us. Bitcoin is for those who are experienced and have enough knowledge about this market.

I think so. The other reasons why we would consider altcoins is to have an fast transactions than Bitcoin and of course we consider it because it give to us a huge amount of profits. A lot of good potential altcoins here and with a great platforms that I know it would very useful in the future.

Altcoins have always been in a battle against Bitcoin, and it’s a push and pull struggle. Most of the time, when bitcoin climbs so too do the altcoins, it’s very rare that you will see Bitcoin go deep into the red whilst altcoins climb against it, in fact, I actually don’t think has EVER happened. I think that the great majority of altcoins are complete garbage, but there are a few (around 10-20) that really have great potential, and I’m looking forward to seeing where they go. Elastos is one, I have high hopes for it.

With altcoins I think traders stand to make more money and that's why the altcoins keep on coming every other day and a lot of them have been successful too, that's apparent. SO I don't see why NOT altcoins?

yeah, it is funny when you look back and see the coins that were compared the most with bitcoin have always been the shittiest coins that eventually died!

there are basically two main reasons:
1. newbies thinking they have missed the "boat". for example they were saying last year that since bitcoin is now $1000, it is too late to buy it so they should buy shitcoins. and then BTC went to $20000 and they were saying the same. and in the future BTC will go to $100000 and they will still say the same while losing money in shitcoins.
2. traders who want some place to invest their bitcoin and increase it. altcoin market with its pumps is one of the better places.

in other words premine  the altcion 100% and then distribute it in the least fair manner. most of them even pull scams during the distribution and fill their own pockets.

in other words increase the size of the total blockcain at a much faster speed and end up centralizing nodes. also have more number of orphaned blocks and less security of the chain. not to mention the losses that the miners sustain because they blocks are so commonly invalidated.

WRONG. it takes 10 minutes on average.

WRONG. there are coins with a couple of seconds blocks. i believe ETH has 13 second on average.
also WRONG because 1 confirmation of bitcoin (10 min average) is equal to a lot more of confirmation on other coins (eg. 1000 confirmation hence 1000x time) for security and finality of your tx.

there are about 2 dozen privacy coins and only a couple of them have true privacy
i also have no idea what "ring signatures" is, i am intrigued to check it out. thanks.

none of the things you said so far prove this.
the only thing that comes close is "privacy" of anon coins which can be seen as an "optional" thing which not everyone even wants.
additionally we will soon have full privacy of transactions with Schnorr on bitcoin LOL

there are features that can be better but none of the things you said here are like that! the things you listed here are only things the pumpers are interested in to pump a shitcoin more for a little while and then dump it and move on.

of course we will but not until people stop caring about pointless things such as faster blocks without thinking about consequences.

Still the bitcoin will be dominating over altcoins. That is the harsh reality. Because the whole market is controlled by big investors and I think they won’t let the altcoins to get over Bitcoin

In terms of trading, altcoins are really suited for daily trading as you can take advantage of their volatility, and also have a big variety of them too.

Not everybody buys altcoins for speculative purposes, sometimes they actually believe in the value proposition of the product and hence want to see that product realized through the contributions. It's definitely a hard time for altcoins in terms of trading and ROI right now, but that doesn't mean that all those funded ICOs are going to produce nothing of value. Very few ICOs operate for the sole purpose of generating revenue for their users, they actually have utility functions that are not measured in profit.

Indeed, Altcoins are the best one to be tried by the newbies in this market. Definitely, altcoins are getting popular day by day. But that doesn't mean bitcoin is losing popularity. Bitcoin is the strongest one in this market and this alone can make this industry change overnight.