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Taki
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May 25, 2017, 11:20:01 AM |
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Just look at Etherum, today it's price is 200$! Don't you think that it is repeating the story of bitcoin? I am sure it is. If it's late to buy bitcoin cause of such high price, so, we still can buy ETH and wait for the story get repeated and to get thousands from this two hundreds.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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agamasrori
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May 25, 2017, 11:58:53 AM |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
Bitcoin remains the focus cryptocurrency enthusiasts and fintech industries. Bitcoin is the most thrusted coin. I think not to worry about bitcoin, that is their strategy to get bitcoin. May be they collect bitcoin to exchanged with bitcoin. |
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Red-Apple
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May 25, 2017, 12:31:36 PM |
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Just look at Etherum, today it's price is 200$! Don't you think that it is repeating the story of bitcoin? I am sure it is. If it's late to buy bitcoin cause of such high price, so, we still can buy ETH and wait for the story get repeated and to get thousands from this two hundreds.
i don't know let me look at ethereum: 1. centralized: check 2. had a very big ICO: check 3. 75+ million coins are in control of the foundation and the developer: check 4. pump and dump: check 5. bugs and exploits and hard forking every now and then: check 6. not a currency: check 7. have big scaling issues: check 8. high transaction fees which are increasing much faster than bitcoin: check i guess i'll stay away. |
--signature space for rent; sent PM--
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JENREM
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May 25, 2017, 12:31:57 PM |
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Just look at Etherum, today it's price is 200$! Don't you think that it is repeating the story of bitcoin? I am sure it is. If it's late to buy bitcoin cause of such high price, so, we still can buy ETH and wait for the story get repeated and to get thousands from this two hundreds.
i agree. i think it is good to buy eth.. so many ico are using eth contracts. and with this, the demand of eth is getting higher. so i think i should or we should probably buy eth while its cheap. |
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Dudeperfect
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May 25, 2017, 12:41:21 PM |
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Even though the transaction fees have increased drastically, I have also observed decrease in transaction confirmation time. I think the fees are still in control as compared to that of time and cost required to send funds using traditional fiat infrastructure (I am talking about international transactions). However, I also agree that it will act as obstacle in the growth of bitcoin in next few years and we really don't want that to happen. This will create scope for altcoins to grab a large market share from crypto industry.
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passwordnow
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May 25, 2017, 02:39:16 PM |
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Even though the transaction fees have increased drastically, I have also observed decrease in transaction confirmation time. I think the fees are still in control as compared to that of time and cost required to send funds using traditional fiat infrastructure (I am talking about international transactions). However, I also agree that it will act as obstacle in the growth of bitcoin in next few years and we really don't want that to happen. This will create scope for altcoins to grab a large market share from crypto industry.
It's what I observed too, the fees are justifiable base on my thought but I know it's big for others. And with this thing, it is making bitcoin more reliable and better to transact with. I can't see that there will be another reason that an altcoin will have a try to replace or surpass bitcoins market cap. It will be always the leading crypto. |
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Rinder
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May 25, 2017, 05:08:11 PM |
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Altcoins are getting better and handling something that bitcoin lost control, the transaction fees, i traded last days, ltc, doge and cashout for test purposes, the fee is pretty tiny if you look at bitcoin delay and high cost to work at this stage, but well bitcoin has much more potencial then others, and the legalization of it is making people invest deeply into it, i dont know how further it can raise with the split comming.
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SwagGirl
Member
 Offline
Activity: 104
Merit: 100
GetClams.com
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May 25, 2017, 05:57:23 PM |
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On CMC, bitcoins domination is below 49%. Its seems more likely based on that but highly improbable.
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Rizky Aditya
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May 25, 2017, 07:20:13 PM |
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Clearly if you analyze big and new alts yes they do have the power to battle against bitcoin network,they have the chance to beat up bitcoin if and only if big investors and some companies will push to go for good and better projects
Yeah I agree, the alts have the power to come over the Bitcoin. I think there is no such difference in the Bitcoin and the alts; the only thing that makes it different is that the bitcoin is the pioneer it came first and the alts have copied it. If the alts facilitate the users better than the Bitcoin they may be more successful. if you are saying that the only difference between alts and bitcoin is that bitcoin is the pioneer of the alts, it came first and the other alts are the copied so i am not agree with you because the only difference between alts and bitcoin is not that the other big differences are the price difference, the investors difference and the users difference, in which bitcoin has won the competition , so there is no chance to overcome bitcoin. |
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jak3
Legendary
Offline
Activity: 1274
Merit: 1004
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May 25, 2017, 08:03:46 PM |
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there is no drought on that. Altcoins are great and most people actually switched on them as they do really take cheapest cost while transacting. I have also tried them I tried the ADCN coin I bough them around 3000coins and when I transferred them from a wallet to another it cost me just 0.01adcn and it was almost instant confirmed. really freaking experience after all these years
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bestluck
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May 25, 2017, 10:56:49 PM |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
Bitcoin remains the focus cryptocurrency enthusiasts and fintech industries. Bitcoin is the most thrusted coin. I think not to worry about bitcoin, that is their strategy to get bitcoin. May be they collect bitcoin to exchanged with bitcoin. Bitcoin is a widely merchantised currency so its base is very stronger and it is not easy for its price to come to lower price while ethereum is not widely merchantised so its base is weaker and I am fear of my investment in it so I invest mainly in bitcoin. |
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Dudeperfect
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May 26, 2017, 03:22:39 AM |
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Even though the transaction fees have increased drastically, I have also observed decrease in transaction confirmation time. I think the fees are still in control as compared to that of time and cost required to send funds using traditional fiat infrastructure (I am talking about international transactions). However, I also agree that it will act as obstacle in the growth of bitcoin in next few years and we really don't want that to happen. This will create scope for altcoins to grab a large market share from crypto industry.
It's what I observed too, the fees are justifiable base on my thought but I know it's big for others. And with this thing, it is making bitcoin more reliable and better to transact with. I can't see that there will be another reason that an altcoin will have a try to replace or surpass bitcoins market cap. It will be always the leading crypto. I am not worried about current fees (as I do international transactions, the fees are much less than that of other options for me. However it is something to worry about for local transactions). I am pointing towards the growth rate of the transaction fees, We need to look into this matter and find a solution for increasing transaction fees as it might create a trouble in the long run, even for the international transactions. |
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upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
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May 26, 2017, 06:00:17 AM |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
No. Bitcoin is more powerful than the other cryptocurrency. Even now the price of the bitcoin is become higher . There is only a small chance that the bitcoin dignity will harm. I am sorry to that I don’t agree with the perspective you are looking to the Bitcoin and the alts. With the increasing transaction fee and slow confirmation where people want an instant transactions and the delay of the bitcoin can harm its market cap. Users may switch to any other currency that offers better services. |
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szpalata
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May 26, 2017, 10:36:10 AM |
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The current Altcoins have a long way to go if they are to stand any chance against the formidable Bitcoin but perhaps new Alts can spring up with mesmerizing potentials capable of challenging Bitcoin but until then I doubt the current ones can.
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soul-impact
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May 26, 2017, 11:04:31 AM |
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The current Altcoins have a long way to go if they are to stand any chance against the formidable Bitcoin but perhaps new Alts can spring up with mesmerizing potentials capable of challenging Bitcoin but until then I doubt the current ones can.
Any altcoins that are created have their own power, which does not depend on its value, which depends on the market's preference. Any altcoin is created. The ICO is not just a time for people to invest, it's also a time for the coin to gain popularity. So, altcoin can compete vs bitcoin. |
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panganib999
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May 26, 2017, 11:24:16 AM |
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Alts aren't against Bitcoin, they're developments on Bitcoin (except for copycats).
Most businesses which accept altcoins are accepting both Bitcoin and altcoin payments. Bitcoin should be viewed as a pioneering currency, which doesn't necessarily make it the best in existence. However, Bitcoin's long-term purpose will be very different to its current purpose.
Even with scaling solutions Bitcoin will never be as convenient as newly developed and regularly forked / less immutable alts can be. For that reason, Bitcoin will be seen more as a "master currency" while others are traded with Bitcoin and savings are held in Bitcoin.
If we will look at the true meaning of an altcoin it is a replacement for bitcoin usually used on trading. Yes I agree that altcoin is not actually against to bitcoin in fact it helps bitcoin on stock movement because most the alts serve to be an option on transaction especially on trading. So the development of an altcoin can develop also the bitcoin itself because it is a mutual relationship where both coin help each other to improve its transaction and price for stock control and daily trading rates. |
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Creepings
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May 26, 2017, 11:49:18 AM |
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The current Altcoins have a long way to go if they are to stand any chance against the formidable Bitcoin but perhaps new Alts can spring up with mesmerizing potentials capable of challenging Bitcoin but until then I doubt the current ones can.
Any altcoins that are created have their own power, which does not depend on its value, which depends on the market's preference. Any altcoin is created. The ICO is not just a time for people to invest, it's also a time for the coin to gain popularity. So, altcoin can compete vs bitcoin. That is right, it's just that, bitcoin is the first digital currency that is ever been distributed that is why it has the most user and high price. It is just popular because of it's price and it's characteristics, especially it's volatility. I think if bitcoin is distibuted the same time as bitcoin, I think ETH or Litecoin is leading. |
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darklus123
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May 26, 2017, 11:50:30 AM |
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I dont think that the altcoin would interfere too much but as i am seeing right now alt coin also are booming because of the current bitcoin demands. Some altcoin would come and go but we cant get the fact that it is really a part of btc for opportunities
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GlassMaster
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May 26, 2017, 12:00:40 PM |
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I dont think that the altcoin would interfere too much but as i am seeing right now alt coin also are booming because of the current bitcoin demands. Some altcoin would come and go but we cant get the fact that it is really a part of btc for opportunities
Everything is possible, because coins develop only because of user activity. While bitcoin is the strongest and I hope that no one will dare to destroy it. |
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