Bitcoin Forum

Isn't that Auroracoin in the beginning? I made 1.5 BTC with that one back then, but I was too greedy so I kept holding it, eventually dumped it on cryptsy for peanuts and ended up losing those as cryptsy left with the money.

Anyway the current altcoin bubble will burst but there's nothing bad in making more BTC with it. Everyone knows BTC is king so everyone will return back home until the next altcoin bubble to make more money.

This was true up till now... but if Bitcoin will stay the king is more in doubt than ever.  That was the point of the meme.

Does it even matter if it is?  Ethereum is very strange since its properties are an asset are questionable and the centralised development team means that its supply could be manipulated at nearly any time.  Other cryptocurrencies still have very insignificant market share - the Litecoin bubble ages ago brought it as high as DASH became.  Bitcoin in general might not stay "king" but it has its own properties and immutability gives investors a certainty.  It's just going down a different path.

That is actually a really accurate, cryptocurrencies have became so popular that pretty much every single coin has some volume. People are just investing blindly in some xxx coins, without taking any look at their specifics, team standing behind it or technical solutions.

It seems pretty funny for me, because you need to spend the money to buy any coin, even the cheapest one. It means that a big part of people are willing to invest their hardly-earned money just for some hope, that they will get into such a big rise as we have seen on bitcoin. People in this world (the crypto one) are way too greedy, this is why so many shit alts are being created. Because people are just willing to invest in them no matter what, so basically every single shit/scam/dead coin gets at least some of the marketshare. But still, BTC will remain on top of the whole hierarchy.

It will be interesting to see when the alt bubble pops and if that money flows into BTC or not.

Are you sure about that? Are you willing to exchange your BTC for other coin? If you think another coin can take the lead away from BTC, then buy that one and become rich, but it's easier said than done.

Crypto is a way for people to become rich speculating like we've never seen before, it's bio/startups/penny stocks on steroids. Anyone could be holding the right coin that goes 100-1000% and become a millionaire, but they know that when they get those type of gains they are going back to BTC and they will sell a part to their fiat currency if they live in a stable country and leave the rest in BTC because BTC is becoming a solid gold alternative.

Maybe it will not be bitcoin versus altcoins anymore, maybe in the future the growth of bitcoin will be accompanied by the growth of some altcoins that will take advantage of its wake. Right now Ethereum and Ripple seem to be well positioned. For example, Ripple is being adopted by the banks so I guess it will be difficult that this falls.

this alt pump is clearly a bubble and ETH is a joke with devs holding huge amounts and completely centralied  :-\

It is indeed a good year so far for the cryptocurrency world. People are becoming rich left and right because of this "bubble" as pros would like it to call. The important thing is to ride this wave and make the most out of it. Keep making money when it is possible but don't get too cocky about it. Bursting this bubble is always a possibility so it would be best to stay vigilant about it. We don't know when this will happen but being aware of it would be very helpful in the future.

Money is money, and whenever an opportunity to make more money calls, that's where people would go and try to make a slice of the pie for their own. Interestingly, these people doesn't seem to care about certain things about these coins they throw their money at, and I'd like to see what he aftermath would be after the alt bubble pops.

Crypto s growing and developing, that s what s happening. Everyone holding any significant amount of important first 5 crypto will be a very rich person in 3 years.

So, if you still don't have enough, give your best accumulate every single sathosi, ether, dash of factom you can place your hands on.

If you do have enough, well, if I were you, I d go and pick a colour. For your Lambo!  ;D ;D

Cause it aint gonna stop.

Bitcoin is at almost 1400 dollars, Etherum almost 80 dollars, Dash is above 80 dollars and Zcash is above 70 dollars. It looks like the Bitcoin development is moving into a next level, in economic terms speaking. 2000 dollars for a bitcoin should be highly possible for the year we are in the 2017. In 2018 Russia has said will recognize bitcoin legally and I think in 2018 we can realistically see a bitcoin in the price of 10.000 dollars.

anyone who believes bitcoin is destined to always have 80% or more of 'market share' needs a reality injection. people were always gonna flock to other coins too. sometimes because it does a better job than bitcoin, or a job it can't do at all, but mainly to make more money.

if you think there's more money to be made in the next few years by sitting on bitcoin rather than betting on alts then i wish you luck, but you might end up feeling unhappy.

That is my expectation indeed, if Bitcoin ever solves the scaling problem. If that happens, I expect Bitcoin to quickly double (or more), draining the market share of altcoins.
In the end, who wants to have NEM, Golem, Augur or PIVX? Of course they're only used to get rich quickly, created by someone who felt he joined Bitcoin too late and started his own. And getting rich means getting more Bitcoins, that's the goal of all alt-trading.

I think the transaction being slow is because of the huge number of the people using it,
And I think pumping and dumping of some coins is normal in the crypto world.

i think the next year or two will decide whether this is true or not. definitely the case in 2013. i'm not convinced it's true any more.

moatly altcoin is the way scammer to get bitcoin, but there are also many altcoin with clear path and clear roadmap, do some research before u invest in some alt coin

Just like the stockmarket. It is in a bull run.

Investors buying cheap coins -> price up -> intelligence people buying -> price up -> idiots seeing price going up starts buying -> investors and intelligence people dump on the idiots -> price plummets.

Just like the stockmarket. It will become a bear run.

Wait roughly a year then repeat.

I'm definitely in doubt about BitCoin, I don't believe it'll be king forever.
There's a lot of things going on in the crypto word, lot's of interesting things happening out there, lot's of cool projects being worked on, some of them with a completely different idea in mind than BitCoin, so they are not always in direct competition with one another.

The reason for such is simply to the best of my understanding is because most of those details are too technical for lay understanding and they the writers forgets that its not everyone that understands all this and won't even bother. So the moment one or two people recommend the project and the developers have a lot of money to do advert and you see this advert everywhere you turn to on social media, people just believe its the next big thing to happen until its too late to turn back.

Interesting that not a single poster so far shares my concern.  I guess you will need to see a bear market first.

These are 2nd generation cryptocurrencies. They've matured and are grateful for your contributions.

Like a good milf.

Go balls deep and don't look back.

i think it's inevitable myself. and it's time people stopped treating the market as entirely one thing. it's slowly splintering into areas that'll do their own thing independent of each other.

but i also believe alts are in an insane bubble backed by less than nothing whereas bitcoin currently is not. if you're worried about a bitcoin bear market, i think a genuine alt bear market will be stunning to watch.

we already have an example of that divergence. the alt rise last year was incredible too while bitcoin basically sat there and did pretty much nothing the whole way through.

There is always a chance that some altcoin, either new or old to take over Bitcoins place.  Though it may not happen today since Bitcoin community is still strong but the tendency of a community to move to a more technical advance and less dramatic more profitable coin is always there.  Besides it is the profit that these people are in bitcoin so if ever another altcoin gives them that opportunity then these people will move towards this altcoin.

Yes... oh yes. I'll be waiting to buy at the bottom.

I think for now its impossible that those altcoin will bitcoin can change place. since bitcoin is more useful and many merchant are accepting it unlike those altcoin with slow development.. even they are advance than in bitcoin people are still staying in bitcoin if this is more reliable to use and more convenient.
Look at other country like brazil and paris that accept bitcoin as payment..

Altcoins suffer when it comes to their position in the crypto market because they significantly lack a community willing to spend money on it in the same way that users in the Bitcoin community are willing to invest in Bitcoin. At least, that's what I'm concluding from other users' comments and looking at the market.
Bitcoin has the advantage of being first, and everything else essentially followed it by 4-6 months or longer. Merchant started to use Bitcoin, people used it to make money and buy things, so more vendors started to use it, etc.

@jonald_fyookball i think btc has, best case, time untill end of autumn >the end of year to scale. Beyond that, there's like 75% it will be replaced by ETH ( if eth's development continues, ofc ). There's too much adoption in other cryptocurrencies, especially ethereum, for bitcoin's hype to work anymore. "Digital gold" and "store of value" will become "silver to bitcoin's gold", a shit meme for stupid people.

More and more people are getting aware that with "1st in crypto" and lame meme's you can't hold the first spot forever.

they are slowly creeping towards moon

kind of unavoidable, because there is nothing that do the things the cryptos do and few people use it now

so you think i should put all of my bitcoin wealth into ethereum? that's possibly the least tempting idea i've heard all day. it looks like i'll be heading back to dollars because at least i have some trust in them.

No, diversify based on what you think has most profit potential. Example: some people think xrp is linked to ripple and they buy xrp. Some think ltc is silver to bitcoin gold, and invest in that. Some think etc is just a cheaper and better ethereum, and they invest in that.

That's just my opinion. Unless bitcoin change and scale or something bad happens to ethereum, the trend is pretty clear. At this pace, in 3-6 months flippening will happen. But don't get me wrong, if bitcoin crash in a panic exit, a big part of it's value might burn down, therefore delaying eth's growth since 50% of eth's trade is done in btc.

Well to be honest I more believe in bitcoin rather than ETH and it is not that easy to ask people to switch to ETH, ETH itself ever forked and lost it's value, so I don't really can put my trust in ETH, the power of bitcoin is in the user hand , even if it scales but there are still a lot of user then bitcoin still will be number 1, the main reason why I think bitcoin still can't be replace by ETH is I still hasn't see any sign of store accepting ETh as payment, so it's mean ETh still need time to be implemented

What you see is one of the game theories in action, first find a coin with $0.1 price and then start accumulating in 6 months slowly to avoid the price from going higher than $2 and when you got hold of %70 of total supply then start the heavy pump like pumping the price up to $5 and as well secretly advertise, then after people and specially the unsuspected and naive newbies see such an increase they will automatically start buying in because of the famous FOMO.

From there all you gotta do is to maintain the balance, which would be not dumping a lot and create a resistance wall to keep front image so well to even lure some whales and after all of that you've got yourself suddenly a $20 worth per coin and after that it's up to you if you want to dump all or just half the %70 you are holding.
That is called market manipulation and when you state such a fact you'll see smart ass people going trying to replicate the scenario and as a result you can see all kinds of shitcoins pumping together but because of the lack of the funds they fail miserably in the middle.

Bitcoin is the king, and will stay the king..  It's a brand, the first, it's Gold 2.0
Many altcoin have a lot of utility, and may become widely used by banks, govs and corps for various type of applications, making things better for everyone.. Welcome the the Information age evolution of the humanity.

But, IMHO, Bitcoin will still be THE GOLD 2.0

lol the title is misleading the topic is not related to cryto currencies it's just an image of bitcointalk having some kind of error.
But i think altcoins nowadays are doing just fine their price value is even soaring up especially ETH, dash, Doge, i guess this is because of bitcoin scaling.

I'm actually really interested in comparing Bitcoin's current performance to other trends that we see in the fiat markets now, I'm enjoying looking for signals and observing the trends the market comes up with, and when it comes to long-term data it's a weird graph since we had 2013, followed by the nothingness of 2015, followed by the excitement end 2016 till now. Maybe some real trends will make themselves apparent sometime soon, but for now it's a guessing game.

I kind of hope we see a bear run in the future, now I just got to find some websites where I get to do a lot of shorting.

There are many cryptocurrencies will come. Some are scam coin and some are good coin and because there are many altcoins coming it will affect the average profit of someone because of market volume will be divided to many altcoins. The transaction also is becaming slow and I really don't why it is happening.

i think in this year, cryptocurrencies is become famous because there is many people is trying to get involve in cryptocurrencies world and many of them trying to join and invest with some coins. i think it will make crypto currency growth more and i hope that in future, we can see that crypto currencies can be used in many country especially in the develop country and young age will know and used crypto currencies too like what we do now. there are many benefits from crypto currencies that we still don't know and we need to learn more so we can take the benefits for us and for other people.

We are experiencing the race of the cryptos,it's hard to predict when it will come to an end but for now it's on a good run,that's all I know.The rise of BTC has been fuelling this crypto bum and for me personally there is a good chance that this trend will continue for quite some time

Bitcoin is experiencing it era where every four year it has a certain limit if that limit reach the demand would go up and then the price will also go up but when the era ended the bitcoin price will go down again this time we have the era of bitcoin.

I don't know exactly, but right now it is the most bullish I've ever seen it. There was a time when DASH and ETH were a few dollars, and when they hit 20 I thought they were over valued, but clearly they're still going. I don't think it's crypto gaining a wider appeal, but rather a few people with too much money finding a new hobby.

I think this is the evolution of the cryptocurrency market and especially the altcoin market is not depending on the price of bitcoin anymore because even though the price of bitcoin is high, the altcoins are still unstoppable and they are rising continuously, i think this is the right time to put our attention to the altcoins because they are good for long term also.

Yes true, it isn’t bad to make BTC with the alts but one need to be careful and come with a plan while collecting alts as we know that after reaching to a certain limit the alts bubble is going to burst and before it reaches that time we should convert them. I am lucky enough that I don’t make such mistakes I am not saying that it never happened to me but once when I got dumped with the LTC I started to come with a plan.

Significantly there is a civil war within crypto world going on if you ask me. Some people predict altcoins may occupy more than 51% share on total cypto market cap. But I want only bitcoin to be holding the dominance.

It is quite an interesting time, we see a lot of coins steadily moving upwards and not all of them useless projects.  ETH is doing well but how far will it go, NEM I see as a real rival to ETH and a couple of other coins I think could soon show their hand, one of which is WBB which could be the rose that grew from concrete.

It is all a gamble with alts, just be in the right place at the right time.

There are many crypto currencies now and all of them start to grow, altcoins too. And almost everyday it appear new ones. So, now we face the dilemma in which one to invest, which one to buy and which one to trust.

New money FOMO imho. When the new folks read about BTC being stalled on block size etc...again imho...they move to alts in the hope they can catch a ride
on a rising coin (LTC is an example).

Newbies do, what newbies do. Would be interesting to see what BTC would do price and adoption wise if the Bitcoin devs of any flavor actually reached an agreement
like the LTC roundtable did.....frack.....it could go to 5k in a month...if enough NEW money NEWBIES and FOMO action.

(have to sit down...got too excited) :)

We can use other cryptocurrencies in our trading and it's really a great way to earn bitcoin but what is really great is bitcoin and it's the most successful digital currency and what is happening is bitcoin is in it's era where the price is increasing rapidly.

Well, right now it seems that the price of some altcoins is beginning to enter the phase of correction but still this rise of bitcoin and other altcoins at the same time is proof that there is an increasing interest by cryptocoins in general between the people and they are better known. Also we have to keep in mind that Ethereum and Ripple have behind companies and banks that are giving them impetus.

There are many dust transaction which is spamming the network to slow down the process and to make things bad,it can be done by competitors who want bitcoin to have problems when ever the price increases and now the transactions are really slow and the average fees has also increased in the past few days,pumping and dump is a common thing in crypto world but this is a rally which the crypto world has not seen till now and that is the main difference.

See I've always been one of the people that think the altcoins are going to end up being destroyed one day when people go back to Bitcoin, but the tough thing is that I was saying that kind of stuff when ETH was at like $10 and I couldn't even think it would ever go up. I thought it was just going to simply crash and burn.

Eth has an insane marketshare at the moment and the price keeps increasing, I don't know about anyone else but I don't know when the bubble is going to crash for them. I thought it was going to and should have a long time ago, kinda insane at this point.

Bitcoin will always stay king bud, these altcoins may have marketshare but no one actually uses them for anything but trading and hyping.

 There are talks about an Ethereum ETF by the SEC and if and when it is approved then the price would soar further more from this situation ,you might see a small correction but that does not mean that the price will go down further and you must understand what the hype will be if ETH grabs the first opportunity to open up the ETF.

If the Bitcoin ETF wasn't allowed by the SEC, do you really think that the SEC would allow an altcoin with really no real usage except for trading to be allowed to be traded. Eth is a disgusting amount more volatile than Bitcoin was and it faces the same issues when it comes to exchange trading and the amount of risk that would be faced by investors that would be looking into buying into this.

The SEC is going to be looking out for the people, or the banks and such who are telling them they don't want to see people getting into all this crypto business. Either way, it's not going to be approved and the only reason the price is increasing at the moment is because of speculators and paid shillers getting the word out so more and more buy into an almost collapesed bubble.

Bubble is going to blow up soon, it's going to be a sad day when that occurs.

So the bubble exploded as expected, but quite sooner than expected I feel.
Check the polo charts now, everything in the sidebar all red, it was quite inevitable of course.
And yes, BTC is the king of cryptos and will remain so for many many years at least if not forever.
 

It´s an interesting fact that the main altcoins rise together and fall together as if the altcoins were seen by people as one thing, as if they were part of a pack.

How can its supply be manipulated if there are miners which proof their work and generate eth? And soon there will be another system on which only the stake will be proved and thus the code will basically control itself, giving rewards to eth holders.
I think that bitcoin will stay as a king, though. It is just hard to imagine it being replaced even despite the fact that it is quite an inflexible currency and thus it will be had for it to adapt to new demands of people.

I think there is a correlations in terms of a bitcoin price hike in alt coins because when bitcoin is sky rocketing most of the price of alts goes red.

that is correct. Bitcoin is going insane and I can not understand why the price keep going up like that. All altcoins will die if Bitcoin keep being pumped like that. I have lost plenty of money due to trading

And when that era would happen?Considering that the last halving would happen on 2140 as far as i remember which means even on your lifetime you wont witness the existence of bitcoin on those future days.Value do really increase since supply do decrease its already understandable and even there are altcoin they might share in the market but bitcoin would still always on the top.

Yeah no doubt that crypto is developing every next day, the best example for it is the acceptance and the popularity that it has gained not only in public but in countries by the government. I guess the alts are not that stable and cannot be predicted as the secured ones but the BTC is the real king of crypto, the father of all it’s the best time to collect it more.

I completely agree with you that it is Bitcoin that holds the leading positions in the crypto currency market, Well, then why do some users design for Bitcoin investments in other crypto currency coins? What is the more reliable sense to spend on less reliable coins.

Yup agree BTC is becoming the gold alternative for many people currently dealing it. As it is giving a more wide range of earnings with the passage of time and people are taking real interest in it rather than going for something else. Even after trading the alts they once again come back to the BTC.