Bitcoin Forum

The crypto market has unquestionably had its high points and low points yet has thrived in the previous couple of years. Unfathomable statures and lows were achieved in 2018 and numerous new digital
Currencies were presented by new developers, associations and companies and banks too, Altcoins in any case are growingly quickly and it won't be long before a new genuine contender for bitcoin status comes around,Btc certainties would be dull without altcoins.Do you agree or disagree?

The noticeable achievement of crypto since 2018so far are
1. More banks are making use of blockchain tech
2. Binance chain was launched
3. More institutional adoption
4.  Hashrate increases
5. Code development
6. More new crypto user
If i could judge this i think crypto is getting more better but with slower pace which is what we need to avoid unnecessary crashes,crypto future looks brighter

I don't think people are getting interested in to the new altcoins altcoins created by the developers that is the reason why people are moving to Bitcoin for the dominance of Bitcoin is at 70 percentage now. I guess we need altcoins as well but not new cryptocurrencies every day which nullify the need of cryptocurrencies in the form of payment system.

Your statement is absolutely right. Improvement should happen and this is a good sign. With more regulations, crypto will be in good spot in the very near future.

What we could conclude is the last bull run an unnatural pump. The current rise in price is a natural one. There are many companies that are integrating crypto to real world businesses. Bitwala has now bank deposits and withdrawal with bitcoin supported in German banks. Microsoft taking payments in Bitcoin and altcoins.

I agree that cryptos in general improved a lot
We have some really good coins doing a great job with devs, community and for the whole enviroment in general

It's not only prices, even with the prices in a low range, it's good to know people are investing and hellping to evolve the market

I also believed that there have been improvement in cryptocurrency. The prices might be down at the moment but more people are getting to know about it through the social media. Many projects run bounties on social media, this has really helped to push crypto forward. I'm sure we are going to have a real bull very soon.

Altcoins can have their own applications, but in any case bitcoin is the most trusted cryptocurrency. Despite of this, the need for altcoins and also their benefits to the market cannot be ignored.
With introducing many new altcoins and many efforts that made to solve some problems, we entered a new era. However most of the altcoins have been really useless, many of the developers should be appreciated because their attempt to make cryptocurrencies more improved.
There have been many scam projects. But now we see it's not easy to scam people, as scam projects are not able to raise even a cents. Now only useful tokens and coins can grow.
My only concern about new altcoins is lack of decentralization due to governments forces.

Despite all these, BTC price didn't soar high enough to kickstart the bullrun we are hoping. The trauma it put to the people who have seen the price crumbles to the ground in less than a year the price dive to -80% almost impossible to rebuild the reputable of the altcoins that died in the process. No one in the right mind will stick to crypto all the way once they know the history of what just happen last year.

After the last bullrun of 2017 many thinks its the end for crypto in general but after bear market took place things start shaping up for crypto even in that hard time,we keep seeing good adoptions and even with Bakkt and regulation postponement its still all well and good,this gives me more confidence in crypto than ever

I agree with you, there have been tremendous improvements so far since crypto sprouted. Improvements in blockchain architectures, more applications of crypto and blockchain in diverse sectors, growth in overall crypto market capitalization showing that more and more people are interested in crypto. More mainstream news, although we are yet to achieve mainstream adoption fully.  Finally improvement in crowd funding for new crypto startup projects from ICO to IEO.

You are right mate and it is very much true. Crypto is getting more better with each day it's just that scammers and fraudulent individuals are the one dragging this space back. If only developers can stick to their goals and objectives thus developing what they intially set out to create we would go far. Nevertheless, with blockchain gaining limelight with each passing day, mass adoption will surly come one day.

This is very true, we have made a great leap in the space, it is just that the price has not moved in the direction of the progress we have made, another thing that we need is for most of these scam projects in the space to die, we need to encourage exchanges to delist them, just for sanity to be restored

I see a lot of acceptance and adoption for crypto in recent months which is a bit slow to everyone's liking but slowly and surely we are going towards the target, i will not talk about the competition among btc and alts here but rather im optimistic about crypto market in general.

I'm sorry but I have to disagree with your points here. Bitcoin can grow without altcoin, although there could be some correlation but I don't think that altcoin can influence Bitcoin more than Bitcoin influence them. Crypto trading is still based on Bitcoin price that's why we see everyone one of them being paired to Bitcoin. I don't see altcoins growing quickly, they are still way below their ATH and even if they grow very fast as your perception, there are still hundred of coins dying and being de listed by top exchanges. To be able to see the altcoin market being alive again, Bitcoin should take off first and maybe some of the top altcoin could follow as well and perhaps it could trickle down the line. IMHO.

I am convinced that not only bitcoin will be the most popular cryptocurrency, but also many other altcoins. Undoubtedly in the future crypto will continue to improve and develop and we are waiting for many more new successful coins. Perhaps those coins that we have now, will replace the new, more improved options.

What kind of coin that would be for the contender of bitcoin? I really don't see that we are already coming up to that point, we are not close to that moment.

Bitcoin has stood on its own before even without altcoins. I can't imagine that bitcoin will never survive even without altcoins but what it would be if bitcoin isn't there, will the altcoins market will survive? probably some good alts will but most will be dead.

It is not just about the number of altcoins that keep increasing, but it is more of the quality of the projects that are being launched. We do not have quality projects, there is no way they can compete with the king of all coins, which is presently bitcoin. So, for there to be a difference, then something unique must be launched, which will be able to challenge the positions of the topmost coins.

As mentioned, between last of 2017 and early of 2018 this world has shown the best performance, but on another hand, this year the crypto world has lost very profit, l know it is a chain reaction and everything can not be good every time. BTC is king of the crypto world, it is decentralized monetary. Maybe, BTC doesn't need altcoins, but altcoins need BTC. Price of altcoins will up if BTC would go up. We can not deny these facts.

The disaster spreads all over the economic system and there is only limited things left to do, unfortunately. The problems will not disappear in one night, we need a better solutions and the before stated causes only weakens the advantages of crypto ecosystem.

Altcoins have not shown anything during 2018 and 2019. They are dying off, because BTC leaves absolutely no space for them to grow. Once BTC dominance would fall, altcoins will raise from ashes, but we need to be patient.

Of course, you are completely right. Thanks to altcoins, cryptocurrency is developing very quickly now and thanks to them, people are relatively quick to join it. Bitcoin and other general-purpose coins mainly perform the functions of accumulation and means of payment, while tokens, for example, perform, in addition, still very diverse narrow useful functions. The cryptocurrency will mainly develop due to altcoins, especially since bitcoin has very big problems with improvement and, in particular, with scaling.

Depending on what new Altcoin they are developing. If supported or developed by parties who have high credibility, it will be easily accepted and successful as a newcomer. For example like Facebook which will launch Libra in 2020. The new Altcoin is constantly popping up but lacks clarity in the future and its usefulness for the real world.

Blockchain and crypto currencies are here to stay, there will be always enough space for improvements. But the fact that less than 30 percent of all coins have a working product, makes me be very pessimistic about the markets future.

I agree with you to an extent because there are things which I don't agree with too. First, there have been major Improvements in the crypto space so far, ranging from different platforms adopting crypto to different technology giants adopting blockchain so as to be in line with what the future holds. However, you made mention of Bitcoin contender, I do not think that will be possible because many have tried and failed. Till date, Bitcoin remains the complete decentralized blockchain and have proved its worth over time thus the reason Institutional investors are going for it on daily basis; but same can't be said about altcoins.

There is no disagreement with that fact,"we need altcoins as well" but everyday new altcoins popping up really makes the situation more worse and people also will get more confuse and go with bitcoin alone.

Bitcoin had lot of criticism in the past and still having so its not a big deal while that bitcoin start making its own way to enter into the world economical structure as a main part.

The recent developments are into the wide adoption into Africa and cryptocurrency products that caters for those in the region. The long awaited institutional investment has started, though it looks to start with price dump but can provide a long term benefit for the overall space. We have fewer cryptocurrency maximalist in the news because of the bad influence of large number of them in the ICO season, SEC is after a lot of them.

Yes, Yes. I totally agree with that. Many people just like to look at where it is today and forget that it has been a long journey thus far. We cannot but admit to the fact that there has been a whole lot of improvements. We see mass adoption of the systems, and we think it  is just by coincidence? No, it is because even people that have not been a part of it are seeing the growth and improvements from a distance. It has not been smooth, but it definitely has been a progressive journey.

That's true, you are right there have been many good improvements so far. Many platforms are coming up to adopt blockchain into their services of which one is Samsung and with this lead, can set other platforms into motion. Furthermore, irrespective of the fact that bitcoin is dominating this either space it still needs other Innovative altcoins such as ETH in order to create a crypto space that will accommodate all and sundry.

What kind of repairs do you mean? Altcoin? market situation? or bitcoin?
Yes ....
1. It seems that altcoin has lost its value in early 2018 until 2019, the possibility of recovery for the altcoin market will take a long time.

2. Market situation is unpredictable and the price of coins depends on demand and supply in the market, but it seems that many people are desperate to see a market situation like this.

3. bitcoin is one of the big potential coins, I observed that only bitcoin has a good price increase at the beginning of this year, bitcoin still dominates the crypto market and there will be no altcoin capable of taking over bitcoin in this market.

i really hope that you are right
sometimes it feels like that, and some times it feels worse
for example the upcoming Libra project, and many other upcoming projects that coinbase want to list
why the heck they do that

we have seen altcoin during 2018 decline, and most of them lost money because of investments in new altcoin projects, altcoin has no positive impact on the current market rise and it is worth noting that altcoin will never be able to rival bitcoin.

For now, yes. There's a lot of bad projects that surround the market. But anyhow, blockchain technology will be adopted and be available in any venue of business. There are many people who are interested to participate but still waiting for more updates and offers from the market. The future ahead of us is still fine. It needs to get more involvement and you'll see the outcome after.

How can you say that? Just because bitcoin started it all, doesn't mean no altcoin can surpass it in the future. You never know what will happened 5 to 10 years from now. Yes altcoins have same concept with most pioneered projects and the system now is different but still dont give any bold statement yet.

Cryptocurrency made a good progress, as we are nowhere near the dead end. It keeps growing and updating, it's adjusting itself to this world.

Indeed, many banks and many establishments have adapted the use of cryptocurrency. Some even created their own and become useful in the market. Market competition will be dull of course if there are few players in the board. Though there are issues and the reputation of altcoins was stained, the expansion and development of crypto industry will continue to flourish in the next years.

There certainly is, which is why I'm personally kind of baffled by the amount of bearish sentiment that there is within the market. There has been numerous improvements in a lot of blockchains with developments such as LN, and ETH 2.0 that apparently will bring scalability. Yet people seem not to be focused on these fundamental developments.

There should only be a matter of time before markets pick up these signals, though.

This is why short term movements doesn't necessarily reflect what the long term potential of something is, to put it simply.