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Author Topic: Which cryptocurrency must I use and why?  (Read 1140 times)
Daisy14
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November 09, 2016, 05:44:16 AM
 #21

Altcoins are mainly useful for trading purposes, and they have been worthwhile thus far.
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November 09, 2016, 07:03:08 AM
 #22

I’m busy with a new reward base website.
I want to use a cryptocurrency other than bitcoin.
There is at the moment to many to choose from.
My aim is to get more people into cryptocurrency.
Which one will be the best to use and I also want to know why?
Your feedback will be appreciated.
Step one towards the coinmarketcap.com
Step two you can try for seeing about the number 1-10
and last you can choose one are make interested with it.

It's so simple but try for choosing the coin with huge market cap and volume. you can find the best in there.
1. Confirmation time takes too long. Most alt coins confirmation time is faster.
Depending with your input value, https://bitcoinfees.21.co/ will let you know about the best value to input.

2. Fees. If Bitcoins go up in value the fees will be higher. I’m not sure if the fees will change in the future.
No, i don't think so the fees are same, it's caused by the price is increase and the value is equal to USD will increase too.
3. Green. Bitcoin use over $300,000 worth of electricity per day.
But it's giving any effect for you?

4. The centralization of bitcoin. The harder algorithm and if the price do not go up then the more centralize bitcoin became.
From what you can call it centralization, to be honest how long time bitcoin already live?




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November 09, 2016, 04:44:41 PM
 #23

Monero is your best pick.

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November 11, 2016, 02:35:10 PM
 #24

As everyone know, the second currency after Bitcoin is Ethereum, this coin achieved great success and surpassed many coins to reach the second place, as well as the second most adopted coin.

Indeed, eth actually overtake most of the altcoin in cryptocurrencies. And build also a big community in bitcoin world, even there is some member criticize ethereum but up to now it getting stronger.
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November 11, 2016, 04:00:39 PM
 #25

It's going to be easy to answer: you should use whatever currency you want, it's really simple.

Of course, if you use bitcoin, you use the strongest currency and you are helping the whole crypto ecosystem by doing so. Bitcoin is the father of all currencies, if you help it you help the rest.
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November 11, 2016, 04:04:43 PM
 #26

I think there is no other altcoin is the best only bitcoin is the best to use in crypto since many merchant are accepting for bitcoin unlike other altcoin but .
I think ETH has some merchant or site are accepting.. so it is good choice as alternative and you can use in gambling..



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November 12, 2016, 12:31:41 PM
 #27

I’m busy with a new reward base website.
I want to use a cryptocurrency other than bitcoin.
There is at the moment to many to choose from.
My aim is to get more people into cryptocurrency.
Which one will be the best to use and I also want to know why?
Your feedback will be appreciated.

what kind of reward based are we talking about? like a tipping platform, because they are all happening off-chain which makes it easy to deal with many problems.
and for that you should only use bitcoin because people other than traders don't know altcoins.

Quote
Although I think bitcoin is a great idea there are some problems why I do not want to use bitcoin.
1. Confirmation time takes too long. Most alt coins confirmation time is faster.
2. Fees. If Bitcoins go up in value the fees will be higher. I’m not sure if the fees will change in the future.
3. Green. Bitcoin use over $300,000 worth of electricity per day.
4. The centralization of bitcoin. The harder algorithm and if the price do not go up then the more centralise bitcoin became.
Most alt coins is not use and is only there for trading and pump and dump and do not have real economic value.
There are a lot of coins that are better than bitcoins and a few with real world usages.
I want to take one and see if I can give it real value and usages.

1) with standard fee it takes less than 10 minutes and usually a couple of minutes to get confirmed. and for altcoins you have to wait for more confirmation to be sure. for example an alt which has a 30 second block creation you have to wait for 20 confirmation to be sure that there were no double spend, orphan, ....
2) if bitcoin goes up fees will be adjusted to match the price and it has already happened a couple of times. for example years ago fee per transaction was 0.01BTC because bitcoin was $1
3) I don't know where you brought that number from but the same thing is happening with altcoins too, they need mining also but since their price and usage are less there is less miners doing it.
4) you don't know what centralization means with bitcoin. google it.
and if you are so happy with alts then there is no need for asking this question here, go for it with what makes you comfortable. variety is one of the best things you can get with alts.

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November 12, 2016, 02:10:44 PM
 #28

As everyone know, the second currency after Bitcoin is Ethereum, this coin achieved great success and surpassed many coins to reach the second place, as well as the second most adopted coin.

Indeed, eth actually overtake most of the altcoin in cryptocurrencies. And build also a big community in bitcoin world, even there is some member criticize ethereum but up to now it getting stronger.

No ..and it's price is meaningless too by the way.

It's DAPPS are a failure.. the point to ETH.

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November 12, 2016, 02:29:22 PM
 #29

I could  do  make suggestions,  Ill choose ETH,XMR,LTC these  could  be a  good alternative  besides  bitcoin.
I could really say that this  altcoins does  have really  good potential and   a  big  community only for  ETH.
..In LTC it  might  not  be  as strong as the 2 alts  but still  its kicking and stand still.

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