Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: cryptocurrencylive on June 28, 2014, 01:27:37 AM



Title: 5 things you should know about Bitcoin's competitors
Post by: cryptocurrencylive on June 28, 2014, 01:27:37 AM
5 things you should know about Bitcoin's competitors

http://www.vox.com/2014/6/27/5848990/5-facts-about-bitcoins-competitors


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: juicyjuice87 on June 28, 2014, 01:38:30 AM
Pretty quick to pull the trigger? Bitcoin was a nice experiment. It's time to get with the times and use 2.0 cryptocurrencys such as the wonderful coin NXT


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: jonald_fyookball on June 28, 2014, 03:58:34 AM
Pretty quick to pull the trigger? Bitcoin was a nice experiment. It's time to get with the times and use 2.0 cryptocurrencys such as the wonderful coin NXT

From what I heard:

NXT isn't even open source , and was distributed to 50 people.

Call me when you can actually buy something with it.


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: Beliathon on June 28, 2014, 08:47:58 AM
Most altcoins have a tiny market share

http://cdn1.vox-cdn.com/assets/4679887/altcoin_share.png

Most altcoins are losing value against Bitcoin

http://cdn2.vox-cdn.com/assets/4679791/litecoin.png


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: SirChiko on June 28, 2014, 08:51:05 AM
Bitcoin will be leading the market atleast for few years more so it's just "competition" not competition at all.


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: tabnloz on June 28, 2014, 09:15:11 AM
I think it will be interesting to watch the whole crypto market mature.

Will bitcoin completely dominate the market as Google does search?

Will bitcoin be just one niche of crypto ie wealth storage?

Will there be a 'silver' to 'gold'?

Will anything truly challenge bitcoin itself; bitcoin can potentially just integrate any functional edge

Will we have multiple coins stored in a mixed coin wallet, where we can choose our payment coin?

There's a lot happening in the altworld, will make good viewing.


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: LiteCoinGuy on June 28, 2014, 09:58:05 AM
Most altcoins have a tiny market share

http://cdn1.vox-cdn.com/assets/4679887/altcoin_share.png




Litecoin is the second , nice. our silver  :)  

yeah dont be stupid guys: no one will use nxt or any other coin even if it would be better than bitcoin. do you guys think that the giant companies like fortess and second market will use a crappy alternative and sell their btc? NOoooooooooo!


Title: Re: 5 things you should know about Bitcoin's competitors
Post by: Swordsoffreedom on June 28, 2014, 10:19:30 AM
Well it doesn't hurt to always be aware of the field
Aka who your competition is and what they are up too anyways guess it was a bit interesting for an article but more depth was needed.