Bitcoin Forum

according to exponential growth I have no doubt its heading to 1000 within a year,

at that point which alts do you think would survive aka not worth like 1/10 value of the current price.

Litecoin is on a downward trend, maybe NVC, PPC, NMC, or DVC will take over?

Altcoins are extremely volatile, so they are great for making and losing money. So on the whole, they will survive. The ones that won't survive are the ones that have no network because of mining problems, such as high difficulty, constant forking, etc. It is nonsense that the coins to survive have active devs and services.

Remember the last time it tried doing that? Yeah... I don't think we need to worry.

Probably none of the altcoins will survive in the long run, maybe only LTC and NMC

Litecoin would hit $1000 first :)

Hopefully CGB will pull through  ;D

Nxt with color coins feature

Nxt looks really promising, some great features on the way.

  LTC

XPM

DGC/FRC/TRC...more to come!  ;D

all clone of bitcoin wont survive. only coin with innovation or unique or science value will rise - like PPC,NVC,Prime now. The speed of cryptocurrency has also a big matter. Prime is 12x faster then BTC, NVC and PPC should be fast when more people will make POS block. Another big factor is hard work of devs + promotion.

The more that bitcoin goes up, the more likely it is that money will spill over into the 'alt-coins', thereby increasing the chances of more of these coins.

All of the coins are just copy and paste versions of bitcoin with some parameters altered or changed, and there are people trying to magnify that one parameter changed makes a coin better than the parameter changes of another coin.

If Bitcoin is being successful, then all of the coins are replicas of bitcoin, and all of them have a chance at being successful as well.

If bitcoin goes to $1000, then I think that more people will look for cheaper alternatives to invest into.

All of them will survive, it's just their value will change.

New users to bitcoin push the price up of bitcoin up, but, they soon learn about alts, and then alts catch back up again (no clever person wants all their eggs in one basket).

Just my view ;D

K.

New users don't have as much of a negative attitude to the alts as most of the older ones do aswell.

I agree, most alts have some sort of campaign of FUD against them, but I ignore that and base my choices on the developers, and innovation (or just simply solving a problem like speed) - which I guess new users will.

K.

We can only hope....  8)

you have no doubt? damn ur confident...then sell ur house lol

but anyhow to the question, any alts we keep alive will survive. obviously many of the lastest round of make to mine will die.

Why? Why will people look for cheaper alternatives? Bitcoin is divisible to 8 decimal places meaning people can still invest even if they've only got $50. There's no need to go to altcoins. If 1 bitcoin costs $1000 and Bob wants to invest $50, he just buys 0.05 bitcoins. When the bitcoin price doubles to $2000 four years later, Bob's bitcoin are now (theoretically) worth $100.

The more people see bitcoin success story, the less they will want altcoins.

yeah btc fanbois keep telling this to themselves, but the rest of the world doesn't really want to deal in fractions of btc, and higher btc gets the more dangerous it is to use as a currency (huge swings create too much currency risk, and lets not goto oh but xyz 3rd party site etc solves this).

bitcion success story to most people is purely as a trade tool and the higher it is vs USD the greater its percieved success, yet its next to useless for its original intended purpose.

guess alot of the anti alts crowd haven't actually used alts, cause after using a few alts, btc feels like a painful dinosaur to use.

I think that all of them will continue to decline against BTC if it goes parabolic. XPM and PPC reversed the trend for a short time, but everything has pretty consistently fallen as BTC has risen.

And they will rise when BTC falls, as has happened time and time again.

not always. i was holding ltc for a while and it was frustrating actually to watch it fall repeatedly -- both when btc rose and when it fell. sucks to be a bagholder sometimes.

not always true, I was there when btc rising from $13 and ltc continued dropping, but when it hit the bottom (0.002ish at that time) it started to rally up to 0.04. So I think if a coin has future, it will just hit bottom but in case of crap coins they will just die miserably.

Btc will reach $1000 in a yearish, reason is it's so obvious how could one cannot see that, omg!!! Once a coin goes mainstream and I believe btc does, the growth is exponential. It's true that growth cannot be expo forever, at some points it will slow down, look at gold for example.

But we have just reached 2B cap and not really got into mainstream adult / drug / gambling/ sinful industries, we must have a long long way to go. Once the mainstream legit businesses take it (think ebay, google play store, las vegas, not mom&pop coffee shop), btc should not worth less than visa, because not only it can transmit wealth, but it can also store and what not other features.

i know it's not always true. just saying, sucks to be holding ltc when btc is falling and.... you expect value of ltc to rise, then it doesn't. Just sayin....

Transaction fees. At the moment the transaction fee on bitcoin is lowish - about $0.08. But compare to Devcoin which has set it's transaction fee extremely low, so that it's about $0.000056. Once bitcoin hits $1000, some parts of teh world will be looking for something which is friendlier to micro-transactions.

Are you being funny? Alt coins have the biggest swings of all! That's about the only reason they get any attention, because of manipulating traders like fontas.

Also, the more bitcoins become pervasive and valuable, the SMALLER the swings will be as percent of a bitcoin's value. Its economics 101.

What feels painful about bitcoin? The longer confirms? That is the only observable difference, and its a security feature. But who's got time for security.  ::)

https://bitcointalk.org/index.php?topic=314547.0

Litecoin might hit $1000 first, because they just do :)

Seems like XPM will survive, as it is not too affected from BTC jump in price. The other alt's might fall or scrap the bottom of the tank, as most don't prove anything beneficial as XPM potential. Even if an Alt provides services, healthy network and good dev support, most of the time it still doesn't help an alt retain value. Until an alt get's on Mt. Gox and/or go mainstream in another way, it will never compete against BTC.

YaCoin obviously. It's just waiting there for the other to die.

Great thread! I got into alt coins back in April when BTC crashed from $260. Right now I'm mainly in BTC but I am also speculating heavily on both PPC (Peer to Peer Coin) and CGB (Cryptogenic Bullion).

As BTC rises, I think there will be a spillover into some of the alts that could possibly end up bringing a 1,000 - 3,000 % return! For example, if BTC is at $1,000, is it not feasible that PPC could be trading at $9? The PPC marketcap would still be small compared to BTC, yet the coin would have appreciated much more than BTC due to the much lower current price.

I went with PPC and CGB due to the POS (Proof of Stake) scheme instead of POW (Proof of Work). I can see energy consumption being a negative for Bitcoin and a positive for POS coins in the future.

DGC bouncing a bit here!~ the name seems like an obvious winner!  ;D

DGC is down 80% since IPO level...
And it's been straight down since early August... just wow!

You read the DGC thread and it's all hardcore propaganda...
No talk of price or any problems whatsoever = Heavily Moderated, baby?

i just can't imagine any of the alts retaining much of their value..... we'll see if/when btc goes parabolic!

Primecoin has a scientific reason to survive.

First 5 -6 notable today and probably two -three which will be invented after. Root reason: human psychology.  :D

Everything is down including dgc. There is no propaganda. Dgc has one of the best chances to succeed given its dev, services and investment including the upcoming CryptoAve exchange.

I seem to remember you bagging dgc in some other threads. Sounds like your just trying to spread FUD because your bagholding some other crapcoin.

I like the concept of XPM, but it's not quite scientific, as it's capped in height for how large of a Prime number it's looking for (from what I have read).  I have my hopes on Gridcoin myself (lol, I'm not yet mining it either).  But always looking towards a coin that is actually putting some of it's calculating power on benefiting mankind.

Aside from that, I really don't see the rise in the price of BTC doing anything but helping Altcoins, as it will bring more people into Cryptocurrencies in general, and not just into BTC.  I do however think that the continual alt coin creation needs to stop, unless something is truly a breakthrough, on unique.  I honestly think we need some sweeper 51% attacker to kill all the coins if they fall below say 1 Mh/s for more than a week.  It's just silly seeing 20+ coins started everyday, that have no dev support, and very few if any service ideas. 

Or perhaps some https://i.imgur.com/S0zl2.gif?

People keep saying this. So, what real-world purpose, exactly, does this serve? I get it, prime numbers, great.... what value does that provide to the world? And how well does that correlate to the current/future price?

Sexcoin will live on, because, well, sex sells. <_<

man, ltc dipped under .01 today..... at some point it should follow BTC up in value! right? apparently not!  >:(

LTC, PPC, XMP ---- maybe..... hard to say though. They all might crash and burn too, but definitely the rest of em....

Why would LTC track BTC? There's no connection.


~BCX~

there is indeed a connection between the increased value/price/adoption/etc of btc and that of ltc.

I can't argue with that.

yeah but i can pay for porn, prositutes, sex clubs etc. with dollars.  ???

Nice try.  I guess the first thing you need to do is learn how to read.   :o

https://bitcointalk.org/index.php?topic=209508.msg3148056#msg3148056 (https://bitcointalk.org/index.php?topic=209508.msg3148056#msg3148056)


-tb-

i gotta say, i clicked the link you posted and really don't see the point you are trying to make.  ???

Agreed, any clones of bitcoin will suffer the technical issues or failures. Any digital currency with a more unique approach will survive the clones, but how many out there are actually unique and not just a copy/paste of the bitcoin code with the title renamed? I only know of one.

I think the alt even if its a clone which finds the right tools to reach the non-crypto people will succeed.

which one is that?  :)

Except GoldCoin...

For some reason we've risen WITH BTC historically.

Coinmarketcap.com
Oh really mister?

Yes really, that site's live statistics is not very good, look long term.

We rose 26% yesterday, while BTC was rising.

BTC price graph last 30 days:

http://brontopixel.com/images/2013/10/21/btcgraph.png

GLD price graph last 30 days:

http://brontopixel.com/images/2013/10/21/gldgraph.png

Last time I checked, USD wasn't the only currency. Gold isnt the only metal, and windows isnt the only operating system.

Hopefully you are picking up what I am putting down.

Thanks for adding something of value to this conversation. People dump when bitcoin rises. This is how it works guys lol

first company in sector take a lot, but after years on market stays the best company. Now we have better crypto-coins - 10x faster then Bitcoin and unique (cant be copy) like PrimeCoin. Alt-coin have negative trend now and probably will drop lower. But the same was 8months ago - and one week in March, PPC or LTC jumped 2000%.

sorr for my english

when the dust from this bubble-up settles, then we can find out what will happen to altcoins.... as long as bitcoin is going crazy like this -- who knows?!

I think that alt-coin isn't needed, bitcoin is good as it is, sure it could be faster with comfirmations, but besides that I see no downside

new users will follow nice sounding names, DGC WDC GLD - may surprise us many times. As soon as they learn what is a core of each coin there is a place for XPM.
But, i HOPE CHINA coin / CNC one day Explode ;D honestly

I'd like to say litecoin but current situation can't allow me to say that. Well, let's hope.

i think this rally will lose steam eventually, even soon, and then LTC will recover, IMO.

Except you can be tracked with dollars. :P Nothing worse than buying a sex toy and then the FBI busts you thinking it's an IED.

https://www.gldtalk.org/index.php?action=dlattach;topic=630.0;attach=187;image


I think what we're going to see is the emergence of competing digital currencies, probably a handful or so. As the Bitcoin POS infrastructure is rolled out it will be easily adaptable to accommodate altcoin currencies. In addition, I happen to know 100% that various banking/financial institutions are looking to become involved in the altcoin sector for this very reason.

If you read back over Satoshi's posts in this forum, you will see that he too would be supportive of these alternative coins based on his monetary philosophy.

Well to be honest the banking institutions are interested in cryptos, but not to support our alts (them they want to destroy) but to start their own.

not with cash  ;)

Litecoin and Primecoin would survive, the rest would get 51% and gone....

what about ppcoin?  :'(

Holding BTC for sure, pick up some PHS for the long shot!

what is PHS? that is not at all what i expected to end that sentence.  ???

I think he is a dev or something for Philosopher Stones (PHS), since he has a ton of posts in the thread, and his forum sig is all PHS related.  :)

BTW why the heck did you copy my pic??  LMAO!!!  It's confusing me as I go through the forums, I keep thinking I made posts I didn't make.

Bytecoin you should take a look !!!  8) BTC clone!!!!

If this happen, no one can survive :'(

If this happens, who cares? Everybody here has some amount of BTC. We will all be dancing.

Wait till bitcoin technology merges with surveillance technology - the goal being to watch the watchers while protecting your reputation and defending your innocence. Morality written into code, no victim no crime. GPS warning you of local customs, dark allies, buyer beware. Bitcoin/GPS inviting you to sanctuary, rest, safety - but not broadcasting your name and address to strangers either. You travel unimpeded because you're tracked everywhere you go. Twitter, Like's, Favorites, +'s all piggybacked by crypto code shielding you from the eyes of strangers but tagging your & theirs location, time & date in case there's ever a reason to go looking for bread crumbs.

The ability to 'unplug' but be prepared to be questioned and impeded during travel. Get in an elevator, look at your phone and see that 9 out of 10 occupants are geo-tagged, everyone is going to be looking around like someone farted. I'm not saying I'm for this or against this. I'm just saying I see it.

The world has visa, then mastercard, amex, discover and what not as alt-visa. They have like 0 innovative over visa, just different kinds of benefit to users, still able to force merchants to take them.

There will be room for altcoins in the future. BTC has the focus now, but I remember the sudden interes in altcoins in March 2013. It will happen again. Just hold for the longest time.

http://i43.tinypic.com/25zkydv.jpg>>>>>> http://i39.tinypic.com/2u60hmq.jpg


http://i44.tinypic.com/102rs0g.jpg>>>>>> http://i43.tinypic.com/os5ude.jpg


http://i44.tinypic.com/21ozhxf.jpg>>>>>> http://i42.tinypic.com/o6d2df.jpg


http://i39.tinypic.com/2113ym8.jpg>>>>>> http://i39.tinypic.com/2dgrrdd.jpg ? ? ?

told you, but this is happening quicker than I thought it would be around July or so

Anyway, we are heading to at least 1700 by 2015