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Author Topic: What is altcoin used for?  (Read 2867 times)
nimburkx
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February 13, 2017, 12:35:32 PM
 #41

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. 

So ur swimming in it Smiley


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February 13, 2017, 01:00:34 PM
 #42

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?

95 % of all altcoins used only for speculative trading on market. Nothing more. Even Ethereum used only for scam pyramids, doublers and trading.
Real sphere of application have MOnero (i mean darkmarkets) and Bitcoin. And nothing more. Also maybe Litecoin has some sphere of application.
2 alts and bitcoin. Hundreds of alts. Crypto is dying)))

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February 13, 2017, 01:13:50 PM
 #43

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 websites that accept Altcoins like directbet.com tgat accepts ethereum and I think dodge coin and litecoins even though it's a betting site and you can easily convert your earnings into fiat or bitcoins. Secondly Altcoins are used to sustain Bitcoin interms of the trading market as there are a lot of fiats against Bitcoin but now with the evolution of digital currencies they are relevant to assist in trading .
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February 13, 2017, 01:32:54 PM
 #44

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 websites that accept Altcoins like directbet.com tgat accepts ethereum and I think dodge coin and litecoins even though it's a betting site and you can easily convert your earnings into fiat or bitcoins. Secondly Altcoins are used to sustain Bitcoin interms of the trading market as there are a lot of fiats against Bitcoin but now with the evolution of digital currencies they are relevant to assist in trading .

EEEEHHH. casinos and other kind of scam. As i know, it's not a good commercial for cryptocurrence. Where real stores with real goods ? Electronic devices, machines, hotels and others services?

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February 13, 2017, 01:57:27 PM
 #45

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 sites that are accepting payments through alt coins, so it is good for using for paying as long as the site that you are using is accepting that alt coins you got. And there are some alt coins there are their own platform and supported projects like augmentors game, they have their own token for the game. The rest are just for trading purposes.

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February 13, 2017, 02:00:48 PM
 #46

Very simple, no other than trading.
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February 13, 2017, 02:04:27 PM
 #47

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?

Altcoins are to bitcoin, what bitcoin is to fiat.

bitcoin was meant to be a currency, used to buy stuff better than fiat and overrule the establishment fiat coins.  But in reality, if you want to buy stuff, fiat is still more useful, and *actually* bitcoin is used in a kind of greater-fool-game betting to *earn fiat* in the end.

altcoins are meant to be a currency, used to buy stuff better than bitcoin, and overrule the bitcoin establishment.  But in reality, if you want to buy stuff with crypto, bitcoin is still more useful, and *actually*, altcoins are used in a kind of greater-fool-game betting to *earn bitcoin* in the end.
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February 13, 2017, 11:38:25 PM
 #48

for now there is not too much things that can be used for alt coin, the most usage is on gambling sites, other than that alt coin is only used for trading, but somehow I believe one day there will be few alt coins that can compete with bitcoin but before that happened we need to attract a lot of user to used crypto currency


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February 14, 2017, 01:25:58 PM
 #49

Sometimes altcoins can be trying to improve the basic principles of bitcoin for better exchanges, especially the obvious ones like Ethereum. Some of the smaller ones are pretty useless though and tend to just be used for an exchange with bitcoin. Those ones seldom get anywhere and are super high risk if you invest in them.

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February 14, 2017, 01:36:28 PM
 #50

Very simple, no other than trading.
Yes I agree with you, at least I used altcoins just for trading on exchangers usually on poloniex,
because I don't have projects related with altcoins.
But sometime I will use altcoins for gambling because there are some site gambling that accepte
altcoins become betting are like litecoin, ethereum and dogecoin.
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February 14, 2017, 05:16:20 PM
 #51

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 really don't know what are the other purpose of alt coin but I only know is that some alt coin are just created only for trading purposes or just existed to exchanges in order to be traded and to be a short time investment . but as far as I know some other alt coin are already used and treated as secondary to bitcoin just like monero, zcash, and doge which is used for bets in a certain gambling site .
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February 15, 2017, 11:44:41 AM
 #52

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 really don't know what are the other purpose of alt coin but I only know is that some alt coin are just created only for trading purposes or just existed to exchanges in order to be traded and to be a short time investment . but as far as I know some other alt coin are already used and treated as secondary to bitcoin just like monero, zcash, and doge which is used for bets in a certain gambling site .

being used in gambling sites is not sign of that altcoin being secondary to bitcoin! it only shows that the particular gambling site had players willing to test their luck to multiply their altcoins.
the majority of coins are there to be traded only and nothing else.
and in only rare cases you can find some actual development and features in those coins such as Monero and Ethereum although they may have so many faults like eth has.

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February 15, 2017, 05:52:28 PM
 #53

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?

For now altcoins most of the time is being used to convert bitcoin, only few altcoin are used to altcoins too. But investing alt was also a good thing to do to add it from one of the assets of yours. But be careful on choosing altcion there are many just a shit coins only.
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February 20, 2017, 02:28:31 AM
 #54

Very simple, no other than trading.

yes, indeed in the world of crypto can not be separated from trade, but would be better if you save it and wait for traffic cain was nice so trading will be very profitable.

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Teraboy
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February 20, 2017, 04:20:51 AM
 #55

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?

For now altcoins most of the time is being used to convert bitcoin, only few altcoin are used to altcoins too. But investing alt was also a good thing to do to add it from one of the assets of yours. But be careful on choosing altcion there are many just a shit coins only.
LOL, wrong.

The altcoin has used for generating more money for everyone. through the altcoin someone is be able to doubling his amount caused by the price increase. it looks like digital money factory.  Cheesy
lovesybitz
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February 20, 2017, 08:30:58 AM
 #56

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 think for now altcoin is use for buying altcoins too, because when you have an altcoin then you sell it and being sold it will directly goes to your balance in bitcoin, where you have a chance to buy altcoin again. Yes there is altcoin that accept payment in the other country like litecoin and dogecoin.
xx-man
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February 20, 2017, 09:55:11 AM
 #57

altcoin apparently made to expand cryptocurrency so we could enliven the crypto world and make it easy for beginners just to get Bitcoin and altcoin.
Shadow_Man
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February 20, 2017, 11:26:12 AM
 #58

Spectrecoin has an actual use -- PRIVATE international remittances.  It's an anon coin with an app that will facilitate remittances between parties around the world via a cell phone.  That is the application that crypto can solve right now other than dark market stuff.  For the rest, crypto adoption is a long way away because there is no pressing need for it.  I can do everything with my fiat and debit/credit cards, so why would I need crypto to pay for things other than the 'cool' factor.  Dark markets and remittances are another story.
Spoetnik
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July 17, 2017, 06:31:52 PM
 #59

Altcoin is a way for poor people to make money on the internet.

FUD first & ask questions later™
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