Bitcoin Forum

I am new here, and i want to hear your opinion, ideas and advice. Thanks :)

There's none.


Advice on what, exactly? You're just asking a straight question, no room for advice there.

If you are new here in cryptocurrency all you need to do for now is to read all about cyptocurrencies this forum may help you in many ways like reading all topics and atleast go around on this forum i know you will be gain lots of knowledge soon and it may help you alot.

If you mean to ask which cryptocurrencies is as good as Bitcoin. Then there is a few good option you can choose. If Bitcoin is gold, Litecoin is silver. Litecoin has been online for many years now and will continue to grow as Bitcoin grows. Another good pick would probably be ... I really do not know. You can however find some good coin at this website https://coinmarketcap.com/. Ethereum and Ripple is a good option but I don't really have any experience with those.

And welcome to the world of crypto and investment!

I disagree here, bitcoin is only good option. Litecoin don't have so many exchanges, its dangerous to use it actually coz it can dissapear and almost nobody would notice and bitcoin is far more safer and developed.
There is no real alternative to bitcoin, its my opinion.

I think the best thing to do is to stick on one cryptocurrency be it bitcoin, altcoin,  etc.  Focus yourself on one cause earning them initially is not that easy.  Newbie's idea here though  ;D

Bitcoin is the best, because it is backed by a huge decentralized network, with tons of hashing power. The other Alt coins cannot match

this or even come close. Most of these Alt coins also have a central figure head or person behind it, which make it even more vulnerable

to centralized manipulation and control. Bitcoin also have a excellent security track record, and this makes investment into this technology

a better option than the rest.  ;)

each cryptocurrency is good as long as those coin have good volume market cap but currently bitcoin is the most popular cryptocurrency in the world and if you asking this things for your trade reference i think trade bitcoin is still profitable but obviously if you have good knowledge for predict the price

You can use any fiat currency to exchange the bitcoins. Bitcoin is the best currency around the world which has the value more than any around the world. Even Gold and diamond very less price when compare with bitcoins.

There are no one right now and it is hard to say anycoin as good as bitcoin because there are few coins which have different purposes than bitcoin and also have nice future but they couldn't replace bitcoin completely. XMR, LISK are few that may bring some real life applications in future as well as chance for them growing in price is also high.

However don't take anyone's decision as complete advice for you to do same including mine. Do your own research before jumping into anycoin.

The problems with other coins\projects that people just hype only bitcoin , many good project with advance technologies than bitcoin but people only trust bitcoin as the mother of all project which is not going to die . 

Etherium and Monero are starting to be accepted at some sites, and look like they might have a future.could
Investing in them could possibly yield a profit.
I've seen Lisk mentioned some but I'm not sure of anyone that is accepting it as payment.

Specifiy what you mean with currency. Do you mean alternative crypto currencies (altcoins)? Probably Monero is a good one but hard to say because every crypto currency is different. Or do you mean fiat money currencies? The only one what comes to my mind is the Swiss Franc. Or maybe even assets which could be seen as currency? Then I would go for Gold and Silver.

Probably some current or future altcoin. But this will only be known in the future, now there is no way to know exactly one is as good as Bitcoin

in currency crypto ?? I think there is nothing better than bitcoin might ethereum can compete with bitcoin but still waited 10 years if ethereum can survive.

bitcoin is still king


alt coins are just used to accumulate more bitcoin

I also heard that some people or the community are hyping some of the altcoin such as Ethereum or Monero.

There is only bitcoin. Altcoins are used by their developers for pump and dump to make some one rich.

So called bitcoin wanna be-s like NXT , ETH and DAO tried to take bitcoin place and the three of them failed miserably to do so. In fact 2 of these altcoins even were hacked and that just emphasized even more that bitcoin cannot be fought through altcoins. Not now, not ever.

If you are asking which altcoin is a s good as bitcoin, it's hard to say. Bitcoin is more established so even if an altcoin had better functionality, itmay never become as valuable as bitcoin.

yet accumulating makes it less of a currency....go figure  ???

Depends on what you want the currency for.  You have to know that apart from playing in a casino that is a zero-sum game based upon "greater fool theory", crypto currencies are not so much used.

What people around here call "crypto investors" are nothing else but scammers that try to find other would-be scammers that they can rip off.  This is why they look for "crypto currency adoption", because that is, to them, an influx of more sheeple to scam, that is, to sell them crypto tokens at a higher price than they bought it themselves.

For instance, someone who spend $10 on the possession of 100 bitcoin in 2011 or so, and sells it to a newcomer who will pay him 60 000 $ for those same 100 coins, has been playing "greater fool theory" with success and scammed the newcomer.  That newcomer will not complain, because that newcomer is hoping to re-sell these same 100 coins in a few years for, say $200 000, to a still greater fool.  The last layer of fools will have coughed up the whole benefit of his predecessors: that's grossly what "market cap" measures.  At this moment, for bitcoin, it is around $ 10 billion, which means that the current bitcoin buyers grossly have coughed up $ 10 billion to make early adopters rich (this is not true, market cap overestimates that amount, because of dormant accounts and the lack of circulation of bitcoin).
So if tomorrow, bitcoin collapsed, the last row of bitcoin holders are the guys and girls who where the victims of all those making profit on "bitcoin investing".

Altcoins are the same.

This is the biggest usage of bitcoin and altcoins: gambling in greater fool theory.  Most of this doesn't happen on the block chain, but on the web sites of exchanges, and the block chain doesn't even have to exist in a certain way, to play this game.  It is sufficient to have virtual tokens on exchanges, and gamble with them between peer gamblers (sorry, investors).

But there are other usages.   They are very minor.

The most important secondary usage, is as a currency.  To buy stuff over the internet with, on official sites, or on dark markets.  This was the original purpose of bitcoin, but I think it is only a minor part of the transactions.

Another usage is smart contracts.  Ethereum is the best known coin here.  But there also, the use of ethereum for smart contracts is essentially negligible as compared to the gambling of ethereum tokens in exchange-casinos.

Several other coins exist.  Monero is a currency, similar to bitcoin, but making the successive transactions cryptographically difficult to track.   Steem is a currency with which you can vote on blog articles.  Litecoin has about the same currency function as bitcoin.

But most coins are not used much, apart from betting tokens in the greater fool casino game.

So to answer your question, one should know what you want to do with it.  Buy stuff on the internet ?  Make deals with other people ?  Hide your expenses ?

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Yes I agree about this fact, Zcash is doing great these days so I think it also has a good future and that it can become more used and more popular.

USD, Euro, Yuan, etc. etc.

Oh, you meant crypto? None. They are killed shitcoins for a reason. Bitcoin is the only one with long term value.

Bitcoin is the only true cryptocurrency.  Altcoins are a smokescreen hiding a bunch of muggers waiting to get their mitts on your bitcoin.

I don't know why people say so.  Bitcoin is the first cryptocurrency, and yes, because of its mysterious creator that has disappeared (and is maybe dead by now), and because it was the first of which nobody could know that it would ever take on some value, it has the great advantage of being mostly free of the suspicion of "designed to rip you off".  So yes, bitcoin is probably the sole crypto currency of which there is no suspicion of scam (if the Satoshi addresses are never used).  Also, because the crypto scene is still young, bitcoin being the oldest, it also has the highest market cap, and the biggest quantity of proof of work.

But on the other hand, bitcoin being the first crypto, it has the worst technology.  It failed *miserably* at being distributed concerning mining (because of the naive PoW scheme and the ASICS with their entrance threshold and their economies of scale), and it also failed concerning privacy.  It has a terrible emission scheme, with halving shocks.  It has too long block times.  And it has other problems with its finite supply, its hard block size limit.  In other words, bitcoin is a very very well succeeded prototype.  It did get amazingly many things right from the start, but it also ran into problems which have found solutions in altcoins.

What is great about bitcoin is its distribution, exactly because of the "no initial scam" suspicion.  But what's bad about it are several technical and economical aspects, which are however now part of the "frozen-in consensus".

I think that the main problem with altcoins is not so much their often improved technology (on the contrary) but the fact that they *start anew*.  I think that a successful alt coin shouldn't start with a new genesis block, a new emission scheme, and hence (now) a suspicion of scam and get rich scheme by the devs/investors, but should be a FORK of bitcoin, where the current bitcoin distribution is taken as the initial coin distribution of the new coin.

There wouldn't be any suspicion of "initial scam" in such an approach.

No alt coin is as good as bitcoin, because there are too many coins that appear And there are not enough user to used it, so the price become unstable, there were some coins claims to be replacing bitcoin but until now nothing is as good as bitcoin

In my opinion ZEIT is Better than BTC.

Reasons why
ZEIT is Decentralized, BTC lost that when the Chinese mining pools went over 51%.

The Value of ZEIT  is in the coin , the value of BTC is in the ASICS.
So when someone sells their ZEIT, they decrease their future earning capacity, when Chinese Miners sell BTC , they keep their ASICS and control over BTC.

BTC takes 10 minutes (if not overloaded) , to find a new block,
At ZEIT  we find a new block ~ every 30 seconds, complete confirmation 4 blocks deep in only 2 minutes.

Hold BTC for 30 days and you only have the amount you started with.
Hold ZEIT for 30 days and have the amount you started with, Plus the interest on that amount. (Staking Reward)


BTC PoW mining is a waste of computational & energy resources,

ZEIT PoS is energy efficient and does not require constantly buying new ASICS to keep competitive.
 :)



 8)

At the moment for me no crypto is good alternative with bitcoins since in my country altcoins are pretty unknown to anybody and bitcoins is the only one who we can exchange to cold cash without hassle, thats the reason i don't bother to hold any potential coins and basically exchange them to bitcoin since don't trust their price stableness unlike bitcoins that we can make sure that we are on safe side since bitcoin is well establish cryptocurrency

Zcash is just a hype train and it will go down hard pretty soon,they are just pumping it hard and the amount of time and money they paid for advertisement is paying off,things will settle down soon

All the other coins are litecoin or bitcone clone,so I would say bitcoin has no competition,there are some other crypto currency that came and will come out to challenge bitcoin,but they all failed and will fail.

There is no crypto as good as Bitcoin. Simple.

In all sincerity from my own point of view, I dont think there is any Crypto currency that is as good as Bitcoin as at this very moment. I dont know anything about the future. Because we've had enough 'the best this", "the best that" and at the end they just still queue behind Bitcoin and even all other coins coming into the crpto world are even traded against the Bitcoin to know their real value. This alone has actually put Bitcoin ahead of all of them...

Please tell me one reason why you think Zcash has a future ?
I think the price has been constantly going down even as the coin is very new. I think better would be to invest in BURSTcoin since it has innovative HDD mining which I see having a good future. More and more people will use it in future, I am sure.

I dont   think   any altcoin which  is  good as  bitcoin  as  of these  days  i see  no one   could  able to compete   with it , infact  people   still  use   bitcoin   above all those  altcoin  do exist today and  all  of them  rely  on  bitcoin itself because  its the   main  crypto  or father  of  crypto currency. I do  see  some Good alts  too like ETH,ETC many to mention.

ZCash is one coin I will NEVER advice anyone to buy .. because the price is expected to go lower and lower as the people mine and sell it. It started with 50 bitcoins and now its around 1 BTC ( well, might be less or more since its price fluctuates too quickly ).

No, it's will better things if zcash are starting from 50btc but it's started by 3500btc in the first hour of sale, and looks like getting decrease over 1000000%..... I thought will get another decrease again, but in this time the little pump has happened for increasing the demand of zcash again. more expensive it's not mean it's better.

Bitcoin's only missing part was micro payments but after Segwit and Lightning Network that missing part is completed. Now any other currency is as good as Bitcoin but you can still use some altcoins such as XMR, DOGE, LTC for various reasons.

 ;)
https://bitcoinmagazine.com/articles/here-s-how-bitcoin-s-lightning-network-could-fail-1467736127


 8)

if you mean that zeit is decentralized in the mining because there are no asic, this is only because this coin zeit, is not valuable enough to build an asic it, to the contrary bitcoin is worth billion, so it is more centralized, bitcoin also take 10 mean for a reason, to avoid orphan block

and come on stacking is bad, everyone know it, the richer just get richer, the only way is pow at the moment

Hmm,

You do know that ASICS Can Not be Built for a Proof of Stake coin.  :)
Proof of Stake Coins are completely ASICS RESISTANT.

As far as the rich getting richer,
PoW Miners make all of the money and the holders make Squat, (or at best the variance of the market price.)

As far as Staking , it is Great and everyone that owns the coin can do it.
There has just been a lot of asshats spreading lies to hit it with Bad PR to hinder its growth.

PoS coin like ZEIT wait 20 Days before a new block can even stake,
this prevents the compound interest effect that some coins with interval of only a few hours use to make the rich as you say richer.
ZEIT is one of the Fairest Staking coins out there.

 8)

FYI:


FYI2:
One other Point of Interest,
PoW Miners can sell the coin they make , but they keep the ASICS , this allows them to keep control of the network and sell you its worthless tokens , for without the ASICS, the PoW Coin network is dead.
PoS Coins, when they sell their coins they sell their % of their ability to make more.
Plus anyone that owns a PoS coin can keep it's network running, the elite don't control it totally like in a PoW network.  ;)
PoS coins the Value is in the Coin,   PoW coins the true value is in the ASICS.

There is still none, is there any coin you can use to buy drugs or guns yet?. Most  of these project have not really differentiated themselves from Bitcoin but rather a speculative tools relying majorly on the success and glory of Bitcoin

ZEC, at least today...

I agree there is at the moment none among the created cryptocurrency is as good as bitcoin.  The reason is that thise new altcoins also relies in bitcoin value, though some were majorly used in transactions in the dark net, because of their anonimity feature, but even with that usage, they are not as good as bitcoin when it come to base users, application and many more.

The reason that most of the altcoins just copy an existing code base and tweak a few parameters thus really not a challenge to the established leader(s), i.e. Bitcoin:

https://download.wpsoftware.net/bitcoin/alts.pdf

It is really, really hard folks. One little detail wrong and poof ... your money is gone...

I would suggest that it is much better for you to read first in the forum we had it in here for you to find out more about in bitcoin and to learn how the community here lived with bitcoin. Then in the long run you will find out how the cryptocurrencies became stable in crypto world though they are few only.

That's right, ZEC has fallen from 2.39 to 0.075 in just three weeks. Many people lost their money investing in the coin in earlier days. I'm wondering how it was possible to start from such a high price as BTC2.39 and what people were expecting buying at say 1.8?

I think no other currency can be better than Bitcoin or even as good as it is.

As good in what way do you mean?

So far in my limited understanding of all this crypto business it would seem

code - open source so i guess any coin can clone but can all devs manipulate and fix as well as the core btc devs? (not sure)
developers - of course top tier but I think their choices are limited more so that some other alts without hardfork
security of network - cost to successful attack very expensive so I guess this gives it a lot of value
adoption - huge in comparison to all others so again gives huge advantage ..breeds trust there so the attracts most new fiat incoming and it stays there.

I think if another currency can knock it from number 1 spot in terms of volume, MC and tech inovation but it will need to be something rather special or just something just as good that is adopted by a huge company. Why they would not just adopt BTC is a question. The only answer could be that BTC's core code is unable to provide what is needed without hardforking which perhaps the devs could not push through or not get agreement on with mining pools.

No currency rivals BTC yet in the most important areas of adoption and perhaps security (not sure there could be wrong)  and surely trust so for now btc staying on top in terms of MC and volume for now.

No currency rivals BTC at the moment. But the Bitcoin development is controlled by BS. It might kill the bitcoin.