Bitcoin Forum

Considering alt-tokens are alternative cryptocurrency in token forms, i.e they're built on other blockchain with majority been created using Ethereum blockchain while altcoins are coins which aren't bitcoin, that's they're alternative cryptocurrency but have their own blockchain example dash, Litecoin etc. which one among the two category of cryptocurrency mentioned above will you;

• Consider investing in for long term period (5-10years) that doesn't involve taking short term profits.
• Recommend to new enthusiast of cryptocurrency based on their contribution to the blockchain industry?
• Between Altcoin and alt-token which one do you think is more healthy for the growth of the blockchain industry

I see coins that have a private blockchain have a greater chance of developing compared to coins made using smartcontrac. litecoin, EOS, Stellar, ADA, TRON and many more. that's all examples of successful altcoins that have private blockchain. so I was told to choose I was more interested in projects like this.

I would not judge projects on the basis of whether they have their own blockchain of not. There are projects that need their own blockchain to work and there are projects that don't need it, that's all.

It doesn't matter whether an altcoin uses ETH or have its own blockchain, what matters is that whether the token will have its good use as for the project to exist. If an altcoin just exist because they are accepted by merchants and its mined through GPU, there is no different to it to BTC so why not just invest  to BTC itself. Countless token using the Eth chain only few of them are really valuable but this is because of the project not because of ETH network.

This is an interesting question. I don't think we can generalize too much, but if you ask me, I would always choose an altcoin with its own blockchain over an ERC20 token. That is to say. all things being equal. Of course, one should always consider them on a case by case basis because there are tokens which are more valuable that alts with own blockchain. Also, some ERC20 tokens after a while move to their own blockchain, so that is also something that should be considered.

So which one among the two do you consider healthy to the blockchain industry, will you prefer Altcoins or alt-tokens. Personally I will prefer Altcoins as it creates room for competition as a result brings more development to the industry. The alt tokens are just leveraging other blockchain and ain't introducing anything new.

This is my opinion but i will prefer alt-tokens. i personally aiming about the utility usage of alt-tokens. Remember not all of the altcoins are implementing a conservative mechanism like POS consensus or DPOS.
Not all blockchain is useful to us. The utility is the main problem in compliance with the regulation.

Well, in term of stability and scalability of the platform, the one that have their own blockchain system is more preferable, but I don't think it is a big deal compared to other factor, like the product adoption, and does the project actually solve real problem. It does not matter for me whether the project have their own project or not as long as they have a good team behind them, and decent whitepaper and vision.

Depending on how serious the project is. A project that intend to improve already existing blockchain consensus will be a good project to invest for long time but at this stage the reliability on the successive implementation of the project is the most important thing. Platform such as hetachain and Smilo can actually be one of the best blockchain project if only the project execute their plan as indicated in the whitepaper without unnecessary delay from the dev

It's not important for me which category they belong (whether an alternative token or an alternative coin). There are numerous tokens that have failed but I've seen some coins that also failed. What maters still is their concept and their product.

I would also give preference to Alcoins. Anyhow, the good tokens that bring value to the industry usually switch to using their own blockchain after some time. This by itself shows which one among the 2 is better. The Eth network was a temporary solution to them. As they go on with their development the logical step is to switch to a main net of their own.

To be selfish, I will prefer altcoins to depend on other blockchain, especially ethereum blockchain, looking at ethereum, this is its main product and if every token starts operating on their own which they can, their value will not be fast in growing and at the same time, will not promote other existing blockchain, many of the projects that has depended on ethereum blockchain has really assisted ethereum price value.

It means if they start owning their blockchain, a lot of the users will migrate to theirs and dump ethereum and I would not want that for ethereum now. Though we have quite number of projects that goes on ethereum temporarily pending the time their own blockchain will be ready.

Very interesting question, in my opinion token which run on other chain (e.g. erc20) and has good purpose is better than altcoin without real purpose.

Yes we all know that a good AltTolen is better than a shit Altcoin but that isn't the question here, I'm asking based on both cryptocurrency having the same privileges that's they're both good cryptocurrency with potential but considering between investing in either Altcoin or Alt-token as the case maybe, which one will you prefer and can also recommend to others.

considering so far none of the "tokens" have been any good and none of the so called "companies" that rose those funds have done anything with the funds they received i have to say these tokens have actually damaged the blockchain technology that we will end up trying for years to fix some of them.

so if i had to choose between the best token and the worst coin i would choose the coin instead. what would i even use that token for anyways? it is useless but at least the worst coin can be used as payment (maybe).

Valid point although others maybe have other opinion. when it comes to the adoption of the blockchain technology. I must say the tokens have contributed positively towards spreading the message using binance coin BNB as an example. I will love to get other users opinions on this discussion.

I myself appreciate tokens, ethereum, ripples, litecoin, and cardano, for us it also grows now, because now the prices of some tokens have also started to rise.

You can choose different depending on your own blockchain environment. Have your own blockchain. Such a blockchain can be used as a project. Similar to Android. Tokens, this can be used for simple and practical environments such as billing. It’s just my personal opinion.

i very much disagree with this because history has proven to us that a project can only gain value as long as it is offering something useful to people and they can only survive in the long run that way. otherwise they can do what you said and use the hype that exists surrounding ethereum platform (which is nearly gone now anyways) to get their token hyped up but that wouldn't last for long. the evidence is hundreds of tokens that have died in the past 12 months alone.

as for your second paragraph it seems to me that you own ETH and the only reason you said this comment is that you are afraid that the death of ICO tokens is the death of your investment ;)

If owning their own blockchain will really bring stability to the market with a good and reliable project, I would rather go with it then because this is what blockchain technology needs now to really be able to function fully and for the world to really see its usefulness, aside using it as means of making income through investment or trading, many people needs to know the main reason why blockchain technology was created and never forget it, we need a stable market now that can really proof to the government that it is worthy of being used and accepted as digital asset for store of value.

I prefer solid projects with real value, no matter whether they use other blockchain or their own blockchain. This is one way of thinking.

The other way of thinking is if a project is solid and have own blockchain offering masternodes then I may consider that project.

Another way of thinking of mine is, I find tokens which uses ETH blockchain much convenient over the coins which have own blockchain.

My opinion goes for Altcoin, not for the alt token! Because Project with own blockchain has more potential than projects based on another coin's blockchain! Look at the TRON, XRP, BNB! They all were based on Ethereum blockchain but when they move in their own network, those coins were accepted widely by the world and now these coins position is much better than before! So, it is like a good example of this topic!

Well it totally depends on the team behind the project and what they are trying to achieve in present and also in the future. Some projects is too big that it might not be possible just running the project with a token built on a blockchain so they rather create a new blockchain and coin including all the features they might need for operation even in the future, some projects starts with tokens then migrate to coin in the future.

I think altcoin and alt token are almost the same. Alt token is like the testing field and the Altcoin seems the official release. Because most of the altcoin was alt token first! Most of them came based on Ethereum contracts, then they shifted to 6onw blockchain network. Recently Bitdepositary project shifted their platform Ethereum to their own chain, I asked them why? they said to make a better engagement in price and for the products! But they were token first! So, we need both, and no one can ignore the Ethereum's revolutionary contract system!

I prefer altcoin because despite that mostly they are forms of BTC or ETH, they're still not forks of forks of useless functions.

No they're not the same and yes you're correct when you say some projects make use of Alt-token as a testing phase or perhaps you can say they make use of already existing blockchain to launch their project so they can reach more audience and possibly get listed on more exchange especially DEX. People prefer to invest in Ethereum based project more than projects launching an ICO with their blockchain.

in my opinion altcoin is healthier for the growth of the blockchain industry because altcoin projects that are already running and have helped the growth of the industry and alt-tokens in my opinion are still in the process of forming a project from the start it takes a long time to run this project

Personally I prefer alt tokens for the simple fact of convinience, because it enables me to hold so many alt tokens in one single wallet, unlike Altcoins that would require me to download so many different wallets,.some of which are not even compactible with mobile devices.