Will An Altcoin Ever Surpass the Value of Bitcoin? - page 2.

Stratobitz

legendary

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Quote from: chaolang on February 15, 2015, 05:02:07 AM

There are coins worth more than bitcoin individually but not in marketcap and I doubt we ever will.

Thats very narrow thinking. Bitcoin only has a 3.6B Marketcap, which is financially speaking, very very small. To say it's unlikely a virtual currency would not surpass it is the same thinking that AOL could never be surpassed, or Prodigy, or NetScape, during the dawn of the internet.

Tides change.

Strato

chaolang

full member

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There are coins worth more than bitcoin individually but not in marketcap and I doubt we ever will.

Stratobitz

legendary

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Merit: 1010

Highly likely. Bill Gates has made some very interesting comments on Virtual Currencies. He's actually a strong supporter of them in fact, but believes strongly that Bitcoin lacks the security, ease of use, and has been in many ways tainted by bad press - all of which will result in a new contender to emerge.

Perhaps it already exists. His comments suggested that he believed that the final front runner would in fact be based on the Ripple/Bitcoin platform, but that the currency would not be Bitcoin as it is today.

Strato

stellar1

member

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Quote from: stellar1 on February 15, 2015, 12:04:33 AM

Or become a respectable fraction of the value of Bitcoin; forget becoming equal or surpass its value.

Its been six years, maybe 2000 odd me-toos. Is it time to give up? There is usually a time to stop trying on a new business ideas (or clone).

The simple thought I have is we really can't have an altcoin close to the value of bitcoin, why do we (as a community) continue to waste our time (and money/resources) with more and more new altcoins.

Please share your valuable thoughts.

Thanks

If you talking about waste of time, probably no because alts becomes a channel for us to test out the new technology. It could be in a way be incorporated to bitcoin blockchain someday. But sadly these days alts become a tool for manipulation other than a mere pump and dump coin
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How about "officially" classifying all altcoins into a "For R&D or Manipulation or DayDreaming purposes only" category? Because that seems to be their sole purpose, going by altcoin history in comparison to bitcoin.

Q7

sr. member

Activity: 448

Merit: 250

Quote from: stellar1 on February 15, 2015, 12:04:33 AM

Or become a respectable fraction of the value of Bitcoin; forget becoming equal or surpass its value.

Its been six years, maybe 2000 odd me-toos. Is it time to give up? There is usually a time to stop trying on a new business ideas (or clone).

The simple thought I have is we really can't have an altcoin close to the value of bitcoin, why do we (as a community) continue to waste our time (and money/resources) with more and more new altcoins.

Please share your valuable thoughts.

Thanks

Quote from: stellar1 on February 15, 2015, 12:04:33 AM

Or become a respectable fraction of the value of Bitcoin; forget becoming equal or surpass its value.

Its been six years, maybe 2000 odd me-toos. Is it time to give up? There is usually a time to stop trying on a new business ideas (or clone).

The simple thought I have is we really can't have an altcoin close to the value of bitcoin, why do we (as a community) continue to waste our time (and money/resources) with more and more new altcoins.

Please share your valuable thoughts.

Thanks

If you talking about waste of time, probably no because alts becomes a channel for us to test out the new technology. It could be in a way be incorporated to bitcoin blockchain someday. But sadly these days alts become a tool for manipulation other than a mere pump and dump coin

croato

hero member

Activity: 616

Merit: 500

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Maybe some fully anon coin can take some very small part but Bitcoin will be allways Bitcoin. I dont think lot of altcoins will survive in long run anyway, maybe few.

stellar1

member

Activity: 70

Merit: 10

Or become a respectable fraction of the value of Bitcoin; forget becoming equal or surpass its value.

Its been six years, maybe 2000 odd me-toos. Is it time to give up? There is usually a time to stop trying on a new business ideas (or clone).

The simple thought I have is we really can't have an altcoin close to the value of bitcoin, why do we (as a community) continue to waste our time (and money/resources) with more and more new altcoins.

Please share your valuable thoughts.

Thanks

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