Do you see alts have chances against Bitcoins?

[pearlmen]

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?

Even with the negative factors and valid ones at that you listed there, I haven't seen businesses moving their funds to alts when they know to convert to fiat, most of the alts will still need to be converted to Bitcoin first. For me, I have not seen any alternative to bitcoin in the altcoin world but hopefully with gradual development one of them will come to mainstream and I can join in.

[krisnt80]

Well with the raising into the fees several people already dealing with others altcoins, even knowing the big money and potencial is at bitcoin due to halving and big investors around it, we saw already dash at 0,10btc as well several crypto raised a lot due to their low fees transactions, something that bitcoin cant keep providing as others.
But those changes wont damage bitcoin, since the most transactions keep being made against it, even knowing some currencies can already be traded for fiat currencie directly.

[DoublerHunter]

I don't see altcoins have any chance against bitcoin in terms of being on the top of the market. Although they can get manipulated and be on the top high volume in the market, still.. it is not enough for them to become the new type of king aside from bitcoin. Altcoins will take a lot of time and development in order to become another type of king of the cryptocurrency markets.

[sikke]

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?

Even with the negative factors and valid ones at that you listed there, I haven't seen businesses moving their funds to alts when they know to convert to fiat, most of the alts will still need to be converted to Bitcoin first. For me, I have not seen any alternative to bitcoin in the altcoin world but hopefully with gradual development one of them will come to mainstream and I can join in.

I have a slightly different point of view, I think that none company related with bitcoin will move their funds onto some altcoin ( which has much smaller volume and marketcap ) just because we are witnesses of the big panic and confusion going on the markets. Also, they would not make such a change because of blockchain in traffic- really high fees and long time to confirm a transaction, which is kind of obvious, because I would not rely my business on some altcoin that might be dead in next year- and I doubt that something will even scare bitcoin, there is no doubt it will exist in next year.

Alts have their chance against bitcoin, but they need more time for that, to attract more bitcoin users to them.

[BitcoinHodler]

Alts have their chance against bitcoin, but they need more time for that, to attract more bitcoin users to them.

time won't fix problems that many of them have!
to be fair there are a lot of good altcoins, a lot of innovations and many good features. but almost all of them have many problems. and most of them have no real usage so that we can see them in real action.
for example you can't say an altcoin is capable or incapable of handling many transactions unless it has as many users and as many transactions for a long time (at least a year).

[BillyBobZorton]

All alts would have the same problems as bitcoin eventually. They would either become with blockchains that are too bloated, transactions too expensive and slow...

Only alt that could challenge it is an that can scale without node centralization and that alt does not exist.

[naidray]

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?

But I believe miners will learn the lesson and will start reducing transaction fees that will be end of people finding altcoins are useful. It is tug of war from miners to get more benefits out of transaction fees but when they are finding lesser volume of bitcoin transactions, they will start realizing their mistake and will get back themselves normal.

I do see all the altcoins are vulnerable too for scalability in future hence they cannot be the right solution for ever. Ultimately altcoins are yet again going to serve their purposes yeah for the improvement of bitcoin ecosystem this time too.

[chickenado]

I see that altcoins helping bitcoin to increase more user. Some investors in altcoin now uses this bitcoin as mode of payment to buy and sell their coins so I can't see the chances of any altcoin against bitcoin.

[FLoving]

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?

Even with the negative factors and valid ones at that you listed there, I haven't seen businesses moving their funds to alts when they know to convert to fiat, most of the alts will still need to be converted to Bitcoin first. For me, I have not seen any alternative to bitcoin in the altcoin world but hopefully with gradual development one of them will come to mainstream and I can join in.

Yeah that is a good point to mentioned we can see that all of the altcoin need to be converted to bitcoin before converting them to fiat so it mean it has nothing yet with real world but only are limited to crypto world while bitcoin has got a good success in the real world after crypto world.

[mornabo]

no chance. because bitcoin is like run gold.
do u see silver can surpass bitcoin, no.

But if big transfer, doge will be less risk.
altcoin only play as a sub.

I think we do not know what will happen in the future? bitcoin technology may be obsolete and there are other coins are much more sophisticated. isn't that opportunity for another coin to take over bitcoin?

[YuginKadoya]

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?

We can never know? but I think Altcoins have a long way to travel and because of the value of bitcoin has sky rocket to the top the competitors was way back behind it and I do not like to say that other coins doesn't stand a chance against bitcoin because there might have a chance in the future that is why I don't want to talk big and finish them that way, and beside Altcoin have a very steep road to take because on 2018 Russia would now legalize in using bitcoin.

[Qartada]

All alts would have the same problems as bitcoin eventually. They would either become with blockchains that are too bloated, transactions too expensive and slow...

Only alt that could challenge it is an that can scale without node centralization and that alt does not exist.

True.  However, every new cryptocurrency has different use cases and different situations that they're practical in, unless they're a shitcoin.  Monero, for example, has better anonymity and therefore is used by a lot of criminals.  Bitcoin will never be quite as good for that even though it can be anonymous if you know what you're doing.  Therefore, alts don't "have chances" against Bitcoin, but they do have chances to be legitimate parts of the cryptocurrency ecosystem and to help progress by innovating new solutions to existing problems without requiring experimentation or forks from Bitcoin.

[aTriz]

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?

We can never know? but I think Altcoins have a long way to travel and because of the value of bitcoin has sky rocket to the top the competitors was way back behind it and I do not like to say that other coins doesn't stand a chance against bitcoin because there might have a chance in the future that is why I don't want to talk big and finish them that way, and beside Altcoin have a very steep road to take because on 2018 Russia would now legalize in using bitcoin.

Comparing bitcoin price to the other altcoins can show up a huge backlog between these two worlds.
It is because that the crowd have heard about bitcoin first, and they know really good that most of the people are into blockchain network, not on some altcoin network.
There are also people who use bitcoin and altcoins, however the number of them is surely smaller than the users that adopted only bitcoin.

If we talk about cryptocurrency, the most of the trust all over the world is given to bitcoin, the rest of cryptocurrency world is rather a big mash-up, where nobody knows which altcoin has the biggest chance to overcome bitcoin popularity and usage.

[Wipro]

no chance. because bitcoin is like run gold.
do u see silver can surpass bitcoin, no.

But if big transfer, doge will be less risk.
altcoin only play as a sub.

I think we do not know what will happen in the future? bitcoin technology may be obsolete and there are other coins are much more sophisticated. isn't that opportunity for another coin to take over bitcoin?

That will never happen in future also. Bitcoin is the best among all the crypto currency. I do not think any altcoin may rise against bitcoin and in price wise or in adoption rate. Most of them does not know the name of all the altcoins. Recently ETH has moving faster in popularity and in price but not comparable with the bitcoin now and ever.

[dmamigo]

Definitely alts have chances against Bitcoin to overtake it, but not altcoins and ofcourse not in very near future. But it seems tough, because people love Bitcoins, but simultaneously their are issues which needs to be solved or else, alts will surely have their chances.

[Jemzx00]

Definitely alts have chances against Bitcoin to overtake it, but not altcoins and ofcourse not in very near future. But it seems tough, because people love Bitcoins, but simultaneously their are issues which needs to be solved or else, alts will surely have their chances.

Actually all altcoins have a possibility to overtake bitcoin but since bitcoin is the most known and most used of all, it would be hard for those to do it. But just as OP said that due to large fees being taken for each transaction on bitcoin makes others investors to switch on other coins but I doubt that other coins would still have a less fees once they became popular like bitcoin.

[ibuddy122505]

Definitely alts have chances against Bitcoin to overtake it, but not altcoins and ofcourse not in very near future. But it seems tough, because people love Bitcoins, but simultaneously their are issues which needs to be solved or else, alts will surely have their chances.

Actually all altcoins have a possibility to overtake bitcoin but since bitcoin is the most known and most used of all, it would be hard for those to do it. But just as OP said that due to large fees being taken for each transaction on bitcoin makes others investors to switch on other coins but I doubt that other coins would still have a less fees once they became popular like bitcoin.

Like this many bad experience cut off a large fee for each transaction, delay the transaction being confirmed on bitcoin surely there make a chance to switch on other altcoins. But right now it's pretty good that we believe in bitcoin and it's potential power. Yet, look further what happened next.

[bitbunnny]

At the moment I don't see that some altcoin has so large potential that it could overtake Bitcoin or even be some serious competition. The only one that has partialy taken the Bitcoin place on darknets is Monero because of the larger anonimity and no possibility to trace. The problem with Bitcoin transactions large fee can't help the altcoins that much.

[nejibens]

There is some altcoins having a chance to work for longterm , but i think there is no altcoin is able to take the first place of crypto currencies, which is secured for Bitcoin especially. Many altcoins can't even be online without the existence of Bitcoin, as there is no possibility to trade them but with Bitcoin

[upsidedown75]

Altcoins are just market movers and helping bitcoin as a test element. See litecoin is going to activate segwit first and bitcoin community is going to watch how it will be going with. On good results, bitcoin will activate it hopefully when all other things also get set.

Altcoins could never become a competitor for bitcoins in my understanding. But we need update and enhance bitcoin ecosystem to stay versatile to keep its position more securely.