Do you see alts have chances against Bitcoins?

[jubalix]

frankly...yes

the percentage of btc domination has been only one way.

while not the whole story, unless btc can sort out the segwit, then LN, and make block size about 8MB/16 M as Coblee seems to think 400M users can be served with 1MB/segwit/LN, but still to expensive, so we need 8MB to 16 MB blocks at least to make it usable.

ETH shows just how much the market share can be taken.

Btc may have advantages being the settlement layer.

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[jonald_fyookball]

he never said that.  stop lying.

uh huh

https://www.reddit.com/r/btc/comments/4it2cu/roger_ver_paypal_20_is_an_acceptable_risk_for/?sort=new

https://soundcloud.com/heryptohow/roger-ver-cody-wilson-chris-odom-brian-deery-and-chris-david

https://soundcloud.com/roger-ver

but don't let his own words stop your denial. i don't think anything will any more.

I never saw that link.  thanks.

  here's the source http://coinjournal.net/roger-ver-paypal-acceptable-risk-bitcoin/

[zeze18]

I guess alt has great potential to compete with the Bitcoin market, but it takes a long time and the process depends on the coin developer
growth and development faster bitcoin achieved through a solid working mechanism of the developer

[European Central Bank]

I never saw that link.  thanks.

here's the source http://coinjournal.net/roger-ver-paypal-acceptable-risk-bitcoin/

and i didn't say that's what he wanted. surely no one does. but voicing that opinion is kind of alarming, especially among the people in this area. then again it's probably what a bunch of other people are thinking too.

[OROBTC]

Bitcoin dominance was around 90% for a long while, now it has dropped to 67.5%. A lot of money has been put into alt coins. Also the number of coins with more than 10 million USD value has risen.

This means we're getting less dependable on BTC and in the future more coins will have a billion marketcap. The total marketcap of 28 billion total in crypto is peanuts on a global economy's scale.

It has all to do with how things are going with uncertainties around the potential chain split -- people use altcoins to hedge Bitcoin. I am sure that if there was no threat and Bitcoin has reached consensus, altcoins wouldn't be pumped up so badly. That's why I consider altcoins to sit in a massive bubble. Bubble will continue to grow as long as there is no scaling solution. From there I wouldn't be surprised to see Bitcoin's dominance in percentages go down further.

Yeah, that's my take too, FWIW (which is not much).

The uncertainties are meaningful here, Bitcoin is in danger that the Bitcoin PTB may fuck it all up with their senseless civil war.

It is also somewhat rare for "first player advantage" to last forever.  Bitcoin will probably NOT be the end-solution (IMO) as it will be hard to use on a massive scale for a very long time.  An altcoin could very well pop-up somewhere that has one or more real advantages over BTC.  One that I am keeping an eye on is AnonyMint's/iamnotback's alt.....

*  *  *

European Central Bank and jonald_fyookball appear to have nailed an important point as well: perhaps BTC cannot be fast & cheap & secure, perhaps one coin cannot do it all.

[AjithBtc]

Nothing seems to be assured with the cryptocurrency network. So it too have got a chance, because in the past everything happened based on bitcoin following its growth path serving as an alternate. Now things were different that each altcoin has got something unique to move forward overcoming the other. So crossing the obstacles is the thing that's required for success.

[Raven91]

Nothing seems to be assured with the cryptocurrency network. So it too have got a chance, because in the past everything happened based on bitcoin following its growth path serving as an alternate. Now things were different that each altcoin has got something unique to move forward overcoming the other. So crossing the obstacles is the thing that's required for success.

No matter how bitcoin takes its path, no altcoin can beat it since it is the only coin which has unique, most secured feature, can be traded with other crypto coins, altcoins, and fiat money. These characteristics can be have all by only bitcoin giving it a reason not to be beaten by other crtpyo currency, and altocoins.

[lemonade09]

Maybe, we cannot just ignore alts coins because it's also having a growth we cannot denie that altcoin also cost a few money almost a half or more of a bitcoin that means they are also profitable..
We know that some solo miners mined alt coins instead of bitcoin in my opinion some of the alt coins can be succesful also like bitcoin but i dont think one of the alt coins wilsurpass the bitcoin success.

[Xester]

frankly...yes

the percentage of btc domination has been only one way.

while not the whole story, unless btc can sort out the segwit, then LN, and make block size about 8MB/16 M as Coblee seems to think 400M users can be served with 1MB/segwit/LN, but still to expensive, so we need 8MB to 16 MB blocks at least to make it usable.

ETH shows just how much the market share can be taken.

Btc may have advantages being the settlement layer.

That is very far from happening. Etherium cannot replace and overcome bitcoin. Though there are many problem behind bitcoin network but there are solutions waiting in-line to make bitcoin work better and stronger. If you look at the value of bitcoin you can say that bitcoin is still strong amidst the issues and will continue to strive and will continue to exist as the best crytpcurrency online.

[jacktheking]

Bitcoin may be the oldest and most popular cryptocurrency in the internet but we can't say that Bitcoin will remain as the crypto giant forever. There is some flaws with Bitcoin that a lot of people dislike. As mentioned, fees and block time for example. We may see another cryptocurrency taking over Bitcoin but it shouldn't be happening that soon. Crypto currencies is still new in general and it needs time to grow and become mature.

[cpfreeplz]

The majority of alts have no real purpose and are just pumped and dump shitcoins. There are a select few that have real value and there are some that are centralized and aren't even a true crypto IMO. If there is something better than bitcoins it'll take over, but I don't see it happening anytime soon.

[kiklo]

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 Doubts about it , the bigger BTC price becomes the more the transactions fees cost , and the less people that will use BTC.
The Middle class and poorer nations will only use alts (insert your favorite), because they are being priced out of the BTC markets.

 

[ebliever]

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?

All the major alts have use cases distinct from the current use of bitcoin as digital gold. In fact, all of them can be used as a store of value in addition to being functional for other purposes, be it smart contracts (ETH, ETC, Ardor, etc.), private cash (Dash, Monero, Zcash), commercial payments (Ripple), prediction markets (Augur), etc., etc., etc. Even simple litecoin and dogecoin are much faster and cheaper to work with.

So not to be too hard on poor old bitcoin, but I hardly think it's the major altcoins that have to justify their existence. It's bitcoin.

[flower1024]

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 Doubts about it , the bigger BTC price becomes the more the transactions fees cost , and the less people that will use BTC.
The Middle class and poorer nations will only use alts (insert your favorite), because they are being priced out of the BTC markets.

 

It is a good point. Now itself fees are not very less for example If I need to withdraw funds from crypto games site in fast mode then need to pay around 0.0015 BTC for 0.2 BTC. It is considered as a very high fee for the cryptocurrency. If network don't improve for faster transactions with smaller fee and in future, any new coin solves this issue then many people may shift but it will not happen so soon.

[Sadlife]

Bitcoin will survived, Japan has recently adopted bitcoin and soon will india and other countries also.
If only some people started acting and really solved the bitcoin scaling problem then we could have break the $1400 barrier
if these problem continues investors might move to some major alts like LTC,  ETH, DASH

[noictib]

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?

This is reality that new new altcoins are coming and making more advantage then what the bitcoin is making but  reality is that bitcoin still haven't​ any type of competition with these altcoins​ , Because the demand of the bitcoin is going increasing daily but stability also is good In comparison of the other altcoins .
So here the future of the bitcoin is long lasting then what those altcoins have , so we can say that altcoins have any more chances against bitcoin .

[jakelyson]

This can happen. If bitcoin cannot put a solution to scale problems, it will be overthrown by altcoins who have better handle on scaling problems, have faster confirmation time and lower fees. Investors will always choose the better and cheaper means to do business, and if bitcoin cannot provide that, they will surely seek an altcoin who does.

[TastyChillySauce00]

This can happen. If bitcoin cannot put a solution to scale problems, it will be overthrown by altcoins who have better handle on scaling problems, have faster confirmation time and lower fees. Investors will always choose the better and cheaper means to do business, and if bitcoin cannot provide that, they will surely seek an altcoin who does.

Nah, those altcoins need popularity first to overtake the place of bitcoin. As I see that bitcoin is now really slow if it's about confirmation and really inconveniencing their users, but, the bitcoin users still stay and seem not going to moving out to those altcoins. I honestly really hope that the scaling problem will be resolved immediately as soon as possible.

[Amph]

The majority of alts have no real purpose and are just pumped and dump shitcoins. There are a select few that have real value and there are some that are centralized and aren't even a true crypto IMO. If there is something better than bitcoins it'll take over, but I don't see it happening anytime soon.

having a good capitalization isn't the only thing that a coin need to beat bitcoin, i can't stop repeating this but all the other coins will never overtake bitcoin until there will be an actual usage for merchants

if they remain good for speculators, they will never take off, monero is currently the only one used as a currency like bitcoin, at least this is true int he darkweeb

[jubalix]

frankly...yes

the percentage of btc domination has been only one way.

while not the whole story, unless btc can sort out the segwit, then LN, and make block size about 8MB/16 M as Coblee seems to think 400M users can be served with 1MB/segwit/LN, but still to expensive, so we need 8MB to 16 MB blocks at least to make it usable.

ETH shows just how much the market share can be taken.

Btc may have advantages being the settlement layer.

That is very far from happening. Etherium cannot replace and overcome bitcoin. Though there are many problem behind bitcoin network but there are solutions waiting in-line to make bitcoin work better and stronger. If you look at the value of bitcoin you can say that bitcoin is still strong amidst the issues and will continue to strive and will continue to exist as the best crytpcurrency online.

[SNIP]here are solutions waiting in-line to make bitcoin work better and stronger.[SNIP]

and there is the problem, we have a solution now and look how hard it is to get it implemented, what does this mean for future needs / dev.