Topic: Why consider Altcoins? (Read 498 times)

 if everybody or even a celebrity started saying bad about bitcoin, they will run for their money crashing the price. Compared to that, altcoin users are more technically oriented ones. They know about blockchain, they know about the technology that particular coin is offering, and they are betting on that uderlying technology, not on some mass speculation.

Most of the altcoins are trading at very low prices compared to bitcoin, that means there is a huge potential for growth if you invest your money in it. For example, there are lot of altcoins which is trading near to 1$. If you invest in one of them, and in future if that technology succeed, there is a good chance that, the price could reach 100$ multiplying your investment 100 times. But imagine you invested in bitcoin now,

I agree with ATC, what do you think about ETN? Already we have talked about capturing the domenet position in the market. It has a real application in the form of smart contracts. It is also worth noting that the direct dependence of the price of ETH on the price of bitcoin has ceased

Everything depends on the goals with which the person came to the crypto-currency market. If he has a goal to buy bitcoin in order to buy a tank or something like that, he does not need altcoyins at all. But if a person came to the crypto-currency market for investment, how can one ignore altcoins?!

I will much favor to altcoins and I will invest my capital 80% in good altcoins that have very good team and bright future and other 20% capital in Bitcoin because bitcoin have a limit to go up like from here if bitcoin can maximum cross its recent high of 20000$ and in same time period altcoins also cross their ATH, you will be gain much profit from altcoins rather than bitcoin. Just an example from here bitcoin cross 20000$ mean you will make 3x profit from bitcoin and if you buy ether at 300$ level and if it cross its ATH of 1300$ mean above 4x profit from Ether so altcoins are much profitable.

Altcoins are really good and it is better to go for them instead of some coin which we have not been sure one. My favourite ones are Cardano, Stellar and Ripple.

Well we have to consider altcoins because they are excellent in performance. Paragoncoin for example is actually good. It is launching its new project, the paragon space which shall rise its price.

I agree, there doesn't seem to be any competition to bitcoin as most altcoins keep dropping like crazy and bitcoin is still going strong, sometime dropping but strong over all.

Bitcoin will always be in the first place as it was the pioneer of the blockchain technology but many Altcoins are making themselves firm in the market. It is true that a time may come when an Altcoin will outreach its Boss, Bitcoin.

Altcoins can also have potential and they can obtain the greatest growth, it will help the community to grow and the value to increase.

I mean it's either bitcoin or altcoins. There are altcoins that are super cheap as of now and chances are high that the price is go up multiple times. It's just a good investment which is why I consider altcoins.

we all knows it every well that after bitcoin altcoin is on the second position on the cryptocurrency market so there is no doubt that investors have faith on it and it definitely deserve it as well cause it provides the best possible service among the crypto users.

Cryptocurrency is the result of blockchain technology. Whatever it is bitcoin or altcoin, people generally accept who is making the better use of the technology. Altcoins have achieved some technological progress and they are accepted for that.

Many altcoins have made progress on different sectors over bitcoin. There exist many altcoins that have higher transaction rate. Because of the advancement made by ATC over BTC, they get to survive in the market.

I think if there is nl altcoin we can't see this price of bitcoin there is a big effect on the price and we can use mostly altcoins now in our daily transactions.

Bitcoin has reached a price or value wherein investors, especially small players, won't be able to gain returns at a desired time. Meaning, it will take longer to gain profit with Bitcoin due to its high price and huge market cap. Unlike with altcoins wherein prices are far cheaper and market cap is lower. This implies that there is a lot of room or space for growth. That is why it is more practical to consider altcoins.

There is no doubt that bitcoin is the king of crypto till now but still many altcoin out there is making great progress in blockchain technology. That is why altcoin still comes to consideration of the users.

I think there is strong possibility that altcoins will replace Bitcoin in future. Because it looks more promising than any other competitive coins. As the market is not constant anything can happen.

Because it will help the cryptocurrency to become famous in every country, different altcoins have their major project or major use, different use of cryptocurrency comes in Altcoins, thats why altcoins are also very important in the world of crypto.

If you consider various aspects of any currency you will find both merits and demerits. Fortunately altcoins seems to have more merits than demerits comparing other currency available in the market.

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.

Even though the altcoins are going through a tough time in the market, but that does not make them useless. Altcoins are somewhat better and faster, when BTC is tough to get our hands on.

ALTCOIN stands for ALTernative-to-bitCOIN which try to give another option it has to offer where the Bitcoin can't like faster transaction speed, lower transaction cost, cheaper value, flexible circulating supply, more secure, more private but none of them has able to surpass bitcoin because BITCOIN was already established as a household name.

Altcoins are here for an alternative to BTC. Although nothing can beat BTC, but sometimes they are tough to attain given the demand it holds in the market. Also, they are quicker with less transfer fees than BTC.

Altcoins are faster to transact and the work is done quicker in the exchanges too. On the plus side, they do bring in more returns of investment quicker than BTC. Plus there are a lot of altcoins which serves a good alternative to BTC if they are hard to attain.

Altcoins are also important, they are the remaining captivators of the market dominance after the big slice attributed to Bitcoin so we should look at altcoins because they too are important.

Altcoins are the alternative to Bitcoin. They were made with the aim to surpass bitcoin. But, unfortunately no all coin could ever surpass Bitcoin. Bitcoin was the first discovered cryptocurrency and it still holds almost half of the total market capitalisation. There can never be an alternative that matches the level of Bitcoin.

If we think about altcoins then it is faster and we can get fast exchange facilities based on some altcoins gives fast returns on investment is than Bitcoin which is also good also some altcoins are very much effective in the market and have good response.

There's a fierce competition among cryptocurrencies but the main headline will always sport altcoins pitted against bitcoin.

When sense of popularity dictates that people invest in bitcoin, why do we really have to consider altcoins?  How far have altcoins really outsmart bitcoin in brains and brawn in the recent years? Let's take a quick look (and for the reason of not wanting to promote a specific altcoin as the best, allow me to mention only their capabilities and not the altcoin itself).

There is this altcoin out there that took the carbon footprint of bitcoin out by periodically releasing coins instead of mining them (which was a happy news to the eco conservatives).

Then there is also an altcoin that could create a block way faster than bitcoin. When bitcoin confirmation takes an hour on an average, this altcoin can confirm your transaction in minutes.  And to outweigh that speed, another altcoin promised instant transactions with payment confirmation in less than a second.

We also have altcoins that guarantees complete privacy hiding all substantial private data safely (best for those who want to keep their anonymity in place), and an altcoin even promised ring signatures, a unique technique to keep transactions untraceable.

And just as with bitcoin, there exist altcoins that allows global payment with no need for any central authority.

Altcoins, in one way or another, did outsmart bitcoin. Offering new or better features that may or may not be an integral part of bitcoin in the future.

But perhaps, we will only see an altcoin surpassing bitcoin should we find all of the abovementioned features rolled into one single altcoin. And such thought is really exciting in every aspect.