Topic: wtat are the biggest disadvantages of altcoin ? (Read 461 times)
large fluctuations owned bitcoin and altcoin. at least that is what must be addressed from the bitcoin because it always just makes investors inevitably have to deal with that risk. It is also a lot of attention from various countries and refused to accept bitcoin due to fluctuations which have very high.
Inorder to accept as a payment method the stability of the price is important. That mean lower the volatility higher the stability and good to used as a currency. At present non of the crypto currencies can be used think as a day today currency because they are highly volatile. In order to create such a stable currency you need to include a logic into your code will adjust the inflation. I'd suggest if you could create a currency with dynamic block reward depending on a economic forecast model they it would be much better. Tether is a some what stable crypto as it is based on USD.
The problem of throughput is the biggest problem facing bitcoin at the moment.
Due to the lack of throughput, the transfer fee is very high.
Due to the lack of throughput, the transfer fee is very high.
I believe that the most important problems of altcoyins at this stage are volatility and security. Once these two problems are solved, the crypto-currencies will become an integral part of our life.
The altcoin value is uncertain and the price volatility is greater. Bitcoin and Ethereum can be seen as the base currency of the blockchain world, and even as two block chain superpowers, other Altcoins can be regarded as the blockchain world stocks, which stocks are more Valuable. Needs enough knowledge to judge and understand.
Biggest? would be altcoinsa re dependent to bitcoin which is why alts can easily be dumped if bitcoin has started to move wildly,normall if bitcoin is going to have bull runs,or even bears these altcoins are going to bleed and the only way these coins are going to grow is when bitcoin's value has gone sideways or stabilize.
Altcoins have a very small ecosystem as compared to bitcoin so if you are using altcoin, chances are you're just waiting for the price to increase instead of really trying to use one.
Security is a big issue with altcoins, especially those build on blockchains other than bitcoin and ethereum. Computational power is what safeguards blockchains and its a limited resource, so some blockchains could be easily compromised using a 51% attack.
The security of smart contracts is also an issue. Recent research shows that 30K deployed smart contracts have bugs and can be exploited by hackers. That's why we a launching Aegis Platform, an all-in-one smart contract auditing tool offering triple audits (expert audits, automated audits and bug bounty audits) as well as certification to help investors know that a particular contract has been scanned for all known vulnerabilities and bugs.
The security of smart contracts is also an issue. Recent research shows that 30K deployed smart contracts have bugs and can be exploited by hackers. That's why we a launching Aegis Platform, an all-in-one smart contract auditing tool offering triple audits (expert audits, automated audits and bug bounty audits) as well as certification to help investors know that a particular contract has been scanned for all known vulnerabilities and bugs.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved.
The government had a hard time getting big tax for bitcoin transactions. They also have a hard time liquidating their dirty propaganda to other countries because they can easily be trace unlike fiat currency. Bitcoin itself have no problem, It is the government and other institutions that have a problem with bitcoin.
scams
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved.
The biggest issue with Bitcoin is the popularity. It is not popular yet. or not the right way anyway. Most of the news about Bitcoin in the mainstream media are either about some dude become millionaire or pure speculations and warnings that if you enter, you may lose your money.
The world is not ready yet for a change like that. We need more time.
Altcoins are still under heavy development and has probably not reached their final form yet.
Biggest disadvantage? would be that all of these altcoins are depending to bitcoin's movements,it means if bitcoin's failed most of these altcoins are going to bleed,causing most of the investors to lose their money which is why it is risky to invest most of your money into altcoin,i personally have 70% bitcoin and 30% altcoins in my portfolio to be safe from these market manipulations.
I know that you are correct when you say that altcoins are very dependent on the price of bitcoin, however to strategy that you have devised in order to avoid the manipulation of the market does not work, if you have your money in bitcoin and altcoins and then bitcoin goes down then what do you think it is going to happen to altcoins? Altcoins are going to go down as well and with it all your portfolio.
Biggest disadvantage? would be that all of these altcoins are depending to bitcoin's movements,it means if bitcoin's failed most of these altcoins are going to bleed,causing most of the investors to lose their money which is why it is risky to invest most of your money into altcoin,i personally have 70% bitcoin and 30% altcoins in my portfolio to be safe from these market manipulations.
The biggest disadvantage of altcoins is that they do not have much volume. But this may be a problem if you have too much funding.
There is no problem from my perspective.
There is no problem from my perspective.
Same with other cryptos,the biggest disadvantage of altcoins or alternative coins is the market volatility. The market volatility of altcoins are somewhat different with bitcoin's. The market value of altcoins are more volatile which made it best at short term investment unlike in Bitcoin which is for long term. But still, despite of this,altcoins are good investments to earn huge profit.
For me the greatest disadvantage for altcoins is that almost no one is using them, when it comes to bitcoin at least you know that not everything is speculation some people are actually using bitcoin for some businesses, but almost all the rest of the coins have no real functionality, they are just a tool that speculators use to try to earn money. 
Same with other cryptos,the biggest disadvantage of altcoins or alternative coins is the market volatility. The market volatility of altcoins are somewhat different with bitcoin's. The market value of altcoins are more volatile which made it best at short term investment unlike in Bitcoin which is for long term. But still, despite of this,altcoins are good investments to earn huge profit.
For me the main disadvantage is ,decentralization which makes the system unregulated which is why these criminals and some cheaters are joining our community and using bitcoins to create crimes,altcoins in the otherhand has been dependent to bitcoin which is why these altcoins are worthless as these coins are still depending on bitcoin's movements.
Biggest advantage would be all of these altcoins are dependent to bitcoin's movements,which is why bitcoin can easily kill these altcoins if these big players wanted too,dumping bitcoin means bloody altcoins in the market which is why i am not sticking most of my portfolio with these altcoins because it is too risky as of the moment.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved.
I believe that in order for cryptocurrency to become a full-fledged means of payment, it must obey some legal regulation. Alas, this is reality. In addition, I would like it to be anonymous, secure, scalable and that the transaction rate per second is not inferior to the current payment systems. Jump to: