What is altcoin used for?

[wh04m1]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

[The Sceptical Chymist]

They're used to buy bitcoin, that's basically it.   Look for places that accept dash and you tell me if you find anything worth buying.   I've looked and found nothing--and dash is one of the biggest.  Doge actually has a strong community,  but the 100s of others are complete dog shit. 

[fikihafana]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

altcoin not only for convert bitcoin but no you can also buy something using altcoin.

[shinratensei_]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

Are you mean about the usefulness of altcoin?
Pump and dump, profit or loss.

Yes, there are.

In a conclusion, the final cycle of the accepting the altcoin payment is for exchanging it into bitcoin.

[btcdiggingmaster]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

As of now altcoin is used for trading to make profits, till now altcoin is not implemented like bitcoin because we can make purchases with bitcoin. With altcoin it is not possible to buy any thing only to convert them to btc.

[machinek20]

Most of the time when people created alt coin it is to become number one crypto currency replacing bitcoin, and a lot of alt coin offered the speciality feature, like less transaction time or security for anonymity, but most of used just used it to trade bitcoin, the lack of interest and too many alt coin causing alt coin is only going to be bitcoin's shadow

[memequiserle]

the first about used altcoin
iam use dogecoin, because fast sending transaction and very low fee sending
ussualy iam use dogecoin to gamble
another dogecoin iam trade altcoin is cheap price, and ethereum,monero,litecoin

[The Sceptical Chymist]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

altcoin not only for convert bitcoin but no you can also buy something using altcoin.

BRILLIANT. 

This fucking forum is going to hell in a handbasket.  Shitposting has gotten so bad with all these dumbass replies.  You people are ridiculous.

[zombijs]

Some of them can be used for buying. Like Potcoin and Hempcoin for some Marijuana stuff. Gamecredits for some games (probably crapy ones). Guldens are accepted in some stores in NED. Probably other coins also somwhere. But mostly used for profit, by miners,,traders and scammers.

[Devnant]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

I'm just gonna leave this here: https://www.deepdotweb.com/2016/08/23/alphabay-oasis-markets-begin-accepting-monero-payments/

[Herbert2020]

altcoins are supposed to be used for newer technologies, trying out new ideas, improving the blockchain technology that bitcoin introduced to public, and many more things. and you can see many of these in many of the altcoins. but what happens in reality is that altcoins are used for trading only, there is no transaction apart from a trader sending to exchange or from exchange to their wallet to sell later.

and to be fair there are some potential here and there but they all have so many weak points.

[densuj]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

There are no many stores that accept altcoins for payment method mostly
altcoins there are no use they be made just for trap the investors who put the money on there
after developers of altcoins get much money from investors, they don't update the coins.
You can guess they go away and making new scam altcoins on other time in the future.

[Pursuer]

There are hundreds of altcoins. What is the use of altcoins?

it is mainly for trading. which means you invest in them, play around and make some profit (profit on your bitcoin) so if you are good at trading you can make more bitcoin.

For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

yes there are. but majority of them don't even know what payment is
and as examples I can tell your litecoin (which you can find shops on litecoin.org and using google), I saw some Dogecoin (you can mostly find them on reddit.com/r/dogecoin), and monero because of the anonymity feature of it.

there are a couple of them like FTC, Clam, ETH,... that are used in gambling, but that is not payment or using as currency. so the rest are just for trading.

[Spoetnik]

They are suppose to be a currency that is like Bitcoin.
Bitcoin has a very small amount of adoption and Altcoins have even less.
The purpose of any currency is to be USED by people.
That has been a struggle in the Altcoin world because that does interest the people around here.
Profits do.

If all these people wanted altcoins adopted they would be.
But in reality what all these people want is Bitcoin profits which can be used for big cash FIAT money $$$ payouts.

ACTIONS SPEAK LOUDER THAN WORDS.

https://encrypted.google.com/search?hl=en&safe=off&q=Define%3A+Currency

cur·ren·cy
ˈkərənsē/
noun
noun: currency; plural noun: currencies

    1.
    a system of money in general use in a particular country.
    "the dollar was a strong currency"
    synonyms:   money, legal tender, cash, banknotes, bills, notes, coins, coinage, specie
    "foreign currency"

    2.
    the fact or quality of being generally accepted or in use.
    "the term gained currency during the second half of the 20th century"
    synonyms:   prevalence, circulation, exposure; More

[olushakes]

From what others have said I believe that is exactly what the developers themselves have in mind for creating it in the first place. Their motive is create a coin, we get it listed and thats it thinking people will start using it as currency as a substitute to bitcoin. Nothing else and thats basically the extent that the coin will go and immediately the support is not coming the coin just turn to shit. Its just something created to make some profit in bitcoins and nothing else.

[megynacuna]

There are hundreds of altcoins. What is the use of altcoins?
For example, are there places that accept payments with altcoins? Or is it just used to convert bitcoin?

Good question but most of these Altcoins are shit coins and they are currently good for trading, people normally fall victim to dev's at the ICO level when they are lunched with enticing white paper and roadmaps making people believe it's got a future because an artificial project( gambling website, dating website, music or social media website) are going to be created to use the coin in question so there will be demand in future. This anomaly makes Altcoins irrelevant at present except for trading purposes.

[jaberwock]

several altcoins can be used for gambling

for example directbet accepts litecoins, ether, dogecoin and dash(and bitcoin too but bitcoin is not an alt)

I think you can find a gambling site for every major coin around

[psionin]

Doge can be used on these sites:

https://muchmarket.com/
http://shibemart.com/
https://www.suchlist.com/
http://dogerr.com/

and on OpenBazaar with the Shapeshift integration.

[BitcoinHodler]

technically speaking you can also use altcoins (any of them) to buy stuff meaning using them as a currency because they have one thing in common and that is the fact that they all inherit the currency part.

but the question is "can you find someone who is willing to accept that altcoin in exchange for some goods?" and the answer is a big fat NO!

[marcoman22]

Altcoins are mainly used for trading by pumping and dumping and gaining huge profits.Some altcoins are said to have transactions which is anonymous and kept secret and no one can know trace transactions and find the holders whereas in bitcoins, every transaction is found in a public ledger and holder can easily be traced.For example, Monero is said to have ring signature and its transactions is said to be anonymous and for that reason only such coins are welcomed by dark markets.