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It'd be wrong to say what's the biggest threat to all of them as a group imo.
You invest in one coin at a time and you to figure out what are the threat particular to it.
Many of them won't survive because their purpose (and product) is not strong enough.
Some of them would probably be affected by regulation and the SEC.
And some of them are just scam of course... :-(
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The only difference is it's much easier to create an altcoin.
It cost you almost nothing and there're no regulations at all.
I'm guessing that in a few years we'll have more altcoins than penny stocks....
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Thank you guys for all the replies  So, I assume that long-term investing in ETH and all those ETH tokens are kinda risky, isn't it? Why there is still more and more coins based on ETH when they all can be shut down so easily? I think the answer is yes for every cryptocurrency, and ETH is more stable than most of them. IMO the scenario of Vitalik deleting everything is unlikely... (I could think of other scenario that are more probable) |
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The steps are quite similar to founding any other startup IMO.
In general:
1. You need an idea for a product and a token (sometimes they're the same, but mostly they aren't).
2. Check if people would like to it, how big is the market, etc, etc.
3. Build your team. It good be even just another founder. This is the most important part IMO.
4. You can go in 2 ways: straight to launching your token sale or building a MVP to ensure your product is really needed first. I believe the latter is a better way to go.
This is a very (very) high-level answer of course.
Keep in mind that it's a long and hard way...
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I personally think steem as a project is great.
But its rules are weird, people keeps dumping coin after their good payments.
It wont die but it wont go so hard way.
People are mostly selling Steemdollars rather than steem, but yes, people are cashing out. If you want to invest in a coin similar to steem, try Golos (which is traded on bittrex). It is a russian version of steem and is undervalued at the moment. Is there any reason for someone to keep Steemdollars? They are pegged to the USD anyway. |
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You should also take a look at FileCoin.
Their tokensale hasn't been announced yet but there are serious guys there...
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What do you think about STEEM coin? Is it worth it to invest ? ? ? Thank You !
You can try to choose another coin that gives the more opportunity to growing more in the future, i can't say steem is a bad coin but it seems the potential of steem will be less. I will chosee bitshares rather than steem. Steem just a catastrophen. Why do you think steem reached its potential? it seems their growth rate is pretty good... |
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Best to contact their CEO (Vinny Lingham) directly. He's very responsive and friendly. You'll maybe have to wait until the funds are released, but I'm guessing that your money isn't lost. I'm sure you'll triple check next time  |
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ETC and ETH split up (hard-fork) after the DAO "hack" last year.
Most of the community moved to ETH therefore its price is much higher (and that's why they are also very similar).
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What about Civic? or did you include only coins that are already in use?
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Jaxx was good. Currently waiting for an update to be launched as the price is not being reflected.
Thanx for suggestion it's look like a exchange app is there any app similar to blockchain any official ethereum wallet for iOS please suggest . It's not an exchange app. It's a wallet for Bitcoin, ether and more currencies. A great one actually. Fine i will try but the application seems like not opening one dark screen coming after nothing is happening .I am holding some tokens in my myethereum wallet i really need to keep it handy in my mobile so that i can send it to exchanges and sell and buy . The app works ok for me. The only concern is that the rates have not updated for at least 3 weeks Are you sure? I just checked on my app and the rates are up-to-date... |
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Did he explain why he completely changed his mind?
There must be a reason cause just few weeks ago he was totally against it (he said ICO's are scam...)
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They cannot regulate bitcoin or blockchain itself but the government will regulate the exchanges, trading platforms that uses bitcoin. I think that is the only thing they can control and regulate. They could require every exchanges and trading platforms for KYC and they can start from there to locate and tax the users.
I think it's just a matter of time, especially in the US. I'm wondering if the could regulate in retrospect (and how it will affect the altcoin companies and users) |
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If you don't have a lot of money, I think a paper or hardware wallet is a bit over power, and local wallet is good enough (I use jaxx for example).
If you do, I'd recommend using multiple wallet - a paper wallet to store large amounts and a local wallet for "everyday use".
As said, you should create the paper wallet offline (or alternatively buy a hardware wallet).
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Lets say Amazon would accept bitcoin (I don't think they would) and people actually use it. How would it affect the network? would people would have to pay fees to get their products?
think how many transactions are going to be...
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I'm actually thinking about moving all my bitcoins to altcoins so I can have a peace of mind. Lol. It's still a month from now and it's already bugging me alot. I think it will either crash hard or rise hard. Not sure though, since segwit2x is on the lead. But I think I'll play it safe for now.
worst idea ever, the altcoin are so unstale that it's very likely you will lose a big portion of your bitcoin what might happen at worse is that at first some panic selling can tank the value and then you have the usual recover and another bubble Moving all bitcoins to altcoins is probably not a good idea, but splitting your investments on many altcoins (including bitcoin) is a good strategy in my opinion. Bitcoin is more stable than other altcoins but some of them will be successful I believe... |
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Is it possible to change the bitcoin technology to include user based consensus system?
I don't think all the power is in the hands of the miners. Take a look at the debate around segwit. It shows that although they have power they don't control the blockchain. This is the reason why changes (like the one you suggested), would not be easily approved. |
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