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Author Topic: Bitcoin AND the Altcoins are moving up.. Pushing ATH's for global CC markets..  (Read 1744 times)
Iranus
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April 07, 2017, 10:48:59 AM
 #21

Every money that goes into altcoin is pure speculation.
Altcouins are backed up by nothing. Bitcoin can be used as payment, but i do not remember that I have seen more than two shops accepting a any other coin than bitcoin.
That's why I think sooner or later the money that goes into alt will go out of it again. Maybe into btc, maybe back in fiat.

Nearly no merchants actually accept Bitcoin, and those that do only get a select few customers who pay in Bitcoin.  You go to big cities, a couple of shops that you searched for happen to accept Bitcoin and then you've decided it has serious adoption when it doesn't.  Altcoins are backed by their potential use, which is the same reason that Bitcoin is backed (plus the "digital gold" thing).

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April 07, 2017, 03:28:31 PM
 #22

Every money that goes into altcoin is pure speculation.
Altcouins are backed up by nothing. Bitcoin can be used as payment, but i do not remember that I have seen more than two shops accepting a any other coin than bitcoin.
That's why I think sooner or later the money that goes into alt will go out of it again. Maybe into btc, maybe back in fiat.

Nearly no merchants actually accept Bitcoin, and those that do only get a select few customers who pay in Bitcoin.  You go to big cities, a couple of shops that you searched for happen to accept Bitcoin and then you've decided it has serious adoption when it doesn't.  Altcoins are backed by their potential use, which is the same reason that Bitcoin is backed (plus the "digital gold" thing).
Where do you live ? But regardless of your geolocation, I guess you may find enormous number of bitcoin accepting merchants online. But still you are talking no merchants accepts, how ? I believe I could buy everything which are needed for my living with bitcoin payments.

Cryptocurrency market is right now booming, no doubts on that but the reasons would be insignificant in my opinion. Because not just individuals pushing it but the community, when there are big number of people taking same decisions then there will be no wonder, some jokes also being considered as a serious investment vehicles.


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April 07, 2017, 03:59:07 PM
 #23

Where do you live ? But regardless of your geolocation, I guess you may find enormous number of bitcoin accepting merchants online. But still you are talking no merchants accepts, how ? I believe I could buy everything which are needed for my living with bitcoin payments.

Ah, you'd be surprised. I'm in the UK and the Bitcoin payment options are very slender, mainly because no business can retain a bank account if it's associated with BTC. My main shopping portal with it just gave up so I mainly use one place for gift cards now.

There are always debit cards of course but that seems a tad against the point.

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April 07, 2017, 07:52:34 PM
 #24

Where do you live ? But regardless of your geolocation, I guess you may find enormous number of bitcoin accepting merchants online. But still you are talking no merchants accepts, how ? I believe I could buy everything which are needed for my living with bitcoin payments.

Ah, you'd be surprised. I'm in the UK and the Bitcoin payment options are very slender, mainly because no business can retain a bank account if it's associated with BTC. My main shopping portal with it just gave up so I mainly use one place for gift cards now.

There are always debit cards of course but that seems a tad against the point.

A lot of the people here overestimate how wide the adoption for Bitcoin is. Newbies or some people in who are not too smart usually think that Bitcoin is like a magic super currency that will wipe the banks out. They do not know that Proof of Work and blockchains are very inefficient and costly. But that is the price of decentralization and censorship resistance. Some now even argue decentralization is slowly going away.

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April 07, 2017, 09:38:28 PM
 #25

Now they go down. It's always a tug-a-war with these alts against the lone wolf BTC.
But the wolf always prevails against all contenders to the crown.  Cool

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April 07, 2017, 09:53:58 PM
 #26

Now they go down. It's always a tug-a-war with these alts against the lone wolf BTC.
But the wolf always prevails against all contenders to the crown.  Cool
always making it sure that he will defend its land, both market are profitable if you know when to place and entry the fluctuation between the
two would be very helpful for the traders who knows when to push his position.

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talkbitcoin
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April 08, 2017, 08:29:40 AM
 #27

Where do you live ? But regardless of your geolocation, I guess you may find enormous number of bitcoin accepting merchants online. But still you are talking no merchants accepts, how ? I believe I could buy everything which are needed for my living with bitcoin payments.

Ah, you'd be surprised. I'm in the UK and the Bitcoin payment options are very slender, mainly because no business can retain a bank account if it's associated with BTC. My main shopping portal with it just gave up so I mainly use one place for gift cards now.

There are always debit cards of course but that seems a tad against the point.

A lot of the people here overestimate how wide the adoption for Bitcoin is. Newbies or some people in who are not too smart usually think that Bitcoin is like a magic super currency that will wipe the banks out. They do not know that Proof of Work and blockchains are very inefficient and costly. But that is the price of decentralization and censorship resistance. Some now even argue decentralization is slowly going away.

making extreme assumptions always goes both ways. as i always say with the price that $10K is as stupid at this point as $200 is. and it is the same here too. saying bitcoin will wipe out banks is as unrealistic as saying it is not being used by more than say a thousand people to trade!

we can all see the progress, the new merchants that start accepting bitcoin, the new countries that show a spike in their interest using google trends and the trade volume coming from them, and now with Japan.

and the supply is still the same very limited amount!














 

 

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April 08, 2017, 09:25:16 AM
 #28

Bull mode.. time

http://coinmarketcap.com/charts/

then click the 26 billion market cap at the top

That altmarket will crash sooner or later. This is an obviously bubble and the reason the overall cap is that high at the moment!
I'm just hoping a bit of that money flows into Bitcoin.
Maybe we will be able to hold an overall marketcap of 23-24 billion after the alt bubble popped with 21-22 billion being in Bitcoin.
Then I will be happy.  Grin

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April 08, 2017, 01:15:28 PM
 #29

Bull mode.. time

http://coinmarketcap.com/charts/

then click the 26 billion market cap at the top

That altmarket will crash sooner or later. This is an obviously bubble and the reason the overall cap is that high at the moment!
I'm just hoping a bit of that money flows into Bitcoin.
Maybe we will be able to hold an overall marketcap of 23-24 billion after the alt bubble popped with 21-22 billion being in Bitcoin.
Then I will be happy.  Grin

well bitcoin marketcap is alraedy at 19.25 billion dollar and to reach 21 it has to be worth $1300+ which i don't think is going to happen at least for 2 more months.
and the rest of the marketcap is worthless and useless coins. they are tokens being traded by whales during pumps and then dumped in the bags of bagholders buying them on top. i don't think we can really compare them with bitcoin which has real value as a currency

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April 08, 2017, 01:36:28 PM
 #30

Now they go down. It's always a tug-a-war with these alts against the lone wolf BTC.
But the wolf always prevails against all contenders to the crown.  Cool
always making it sure that he will defend its land, both market are profitable if you know when to place and entry the fluctuation between the
two would be very helpful for the traders who knows when to push his position.
With segwit almost coming to pass and coinbase accepting litecoin via a twitter post that was leaked earlier on in the week. Then it is safe to say that it will go up in price significantly in the next little while.
It is a testing ground for bitcoin after all so to see if they can implement it and stop all the transactions from being stalled in the blockchain and possible reduce the transaction fees by half.

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April 08, 2017, 01:53:56 PM
 #31

Where do you live ? But regardless of your geolocation, I guess you may find enormous number of bitcoin accepting merchants online. But still you are talking no merchants accepts, how ? I believe I could buy everything which are needed for my living with bitcoin payments.

Ah, you'd be surprised. I'm in the UK and the Bitcoin payment options are very slender, mainly because no business can retain a bank account if it's associated with BTC. My main shopping portal with it just gave up so I mainly use one place for gift cards now.

There are always debit cards of course but that seems a tad against the point.

A lot of the people here overestimate how wide the adoption for Bitcoin is. Newbies or some people in who are not too smart usually think that Bitcoin is like a magic super currency that will wipe the banks out. They do not know that Proof of Work and blockchains are very inefficient and costly. But that is the price of decentralization and censorship resistance. Some now even argue decentralization is slowly going away.

making extreme assumptions always goes both ways. as i always say with the price that $10K is as stupid at this point as $200 is. and it is the same here too. saying bitcoin will wipe out banks is as unrealistic as saying it is not being used by more than say a thousand people to trade!

we can all see the progress, the new merchants that start accepting bitcoin, the new countries that show a spike in their interest using google trends and the trade volume coming from them, and now with Japan.

and the supply is still the same very limited amount!

Low supply of Bitcoin will probably keep the price high as more people try to get Bitcoins. But the low supply may also encourage people to buy some of the major altcoins that are cheaper and in less demand.

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April 08, 2017, 02:29:16 PM
 #32

And it is because of so many altcoins are being created. Earners kept holding back their bitcoins these past few days to make the price recover so they successfully made it so the tendency the supply decreases and got the price high and cryptocurrency users invested is some altcoins.

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April 08, 2017, 02:59:26 PM
 #33

Good is that finally all alts are in the move and let just be for alt coins the year.
Hopefully we will see all o remain like this.

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April 08, 2017, 10:56:03 PM
 #34

Alt coins need to rise

https://afbitcoins.wordpress.com/2017/04/06/bitcoin-introspection/
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April 08, 2017, 11:01:49 PM
 #35

I was actually just looking at this today thinking what if I invested in a lot of different cryptocurrencies. Would they all go up over 10 years? Obviously I'd buy ones that were popular right now but who knows if they would be then.














 

 

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April 09, 2017, 02:59:38 AM
 #36

I was actually just looking at this today thinking what if I invested in a lot of different cryptocurrencies. Would they all go up over 10 years? Obviously I'd buy ones that were popular right now but who knows if they would be then.

in 10 years chances are all those altcoins would be dead and long gone. people catch on the scams, the premines and the ICO scams and finally worst of all the pump and dump and it kills the altcoin slowly but surely.
that is why i always invest in them short term.



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Verify - The Future Of Reputation


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April 09, 2017, 03:03:47 AM
 #37

Bull mode.. time

http://coinmarketcap.com/charts/

then click the 26 billion market cap at the top

It is USD 27 Bn.  Tongue
Alts have been the major driver in this rally. Bitcoin dominance is at an all time low.


it's recovering a little, but yes, most of the new money in crypto is moving into altcoins, so that's quite a bad sign for bitcoin since it's a sign people trust altcoins more than bitcoins.  

And it's also a sign that if we stay in our current direction, bitcoin won't remain the market leader for long.

Action is required right now or else we lose our advantage over altcoins.
The good news is most altcoins are being held by just bagholders and there's not much real value in them other than that. For example, Litecoin has no other uses over Bitcoin and it's really not even used anymore. The FUD's driven people out of Bitcoin and there's not too much we can do but wait for a dump (which will likely happen for many alts) and let people realise that they've been led in the wrong direction.
I disagree with this to an extent, because LTC has faster confirmations and lower fees than bitcoin.  It's a shame it and doge and Dash don't actually get used in commerce, because they'd be useful. 

I'm staying out of this bull rally.  Way too much risk in the altcoin world right now.  People are frigging euphoric, and that generally doesn't bode well for those afflicted with said euphoria.

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MatrixCoin - Creating Bright Future Together


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April 09, 2017, 03:38:07 AM
 #38

Any marketcap other than bitcoin's is a smoke and mirror illusion, any marketcap lower than $10B should not even be considered because some big investors could easily manipulate the entire ecosystem but not with marketcap above $10-$15B as the risks are too high for a few big whales.
So I wouldn't count on alts that much.


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April 09, 2017, 04:14:57 AM
 #39

After the next 10 years we will be living in the world of cryptocurrency .it will be used by more users and the market capital will increase a lot more than before.

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April 09, 2017, 05:31:53 AM
 #40

Any marketcap other than bitcoin's is a smoke and mirror illusion, any marketcap lower than $10B should not even be considered because some big investors could easily manipulate the entire ecosystem but not with marketcap above $10-$15B as the risks are too high for a few big whales.
So I wouldn't count on alts that much.

marketcap for cryptocurrencies is just a number and a meaningless number at that.
being bigger or smaller or setting a limit to be meaningful above it and not under it, is all wrong.
you think coins such as Eth and XRP have real marketcaps? of course not. it is a fake number which is achieved by simply having a huge amount of supply.

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