el kaka22
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April 21, 2017, 08:40:37 AM |
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I didn't see or read anywhere that big businesses are shifting their funds towards alt-coins. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) But alt-coin could have some bigger role in economy, like let's say theres an alt-coin made with sole purpose of paying really low costs like a few dollars and like that could be implemented in various businesses like coffee shops, but otherwise no, probably not. The problem with the altcoins is they don’t have the same popularity like bitcoin and don’t have that much business supporting them so people find places to spend their coins on, so with that even if they become viable they won’t have as much users as the bitcoin. However as the time goes by and people thinking that the bitcoin won’t last forever and it will become harder and harder to get they start switching to the altcoins and then they will stand a chance, but I don’t see that happening any time soon because most of the people are focusing on getting as much bitcoin as they can.
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Jasad
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April 21, 2017, 12:11:41 PM |
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Bitcoin is dominating now among other crypto currencies and altcoins. But nobody knows what the future will bring to us. Bitcoin is not perfect if to think carefully, so, something like Bitcoin 2.0 or something else can simply replace it with necessary terms.
it is will only make the cryptocurrency situation worse , 'the biggest cryptocurrency collapse' that what will listed in the news headline , nothing good will happened if bitcoin get replaced , better to find a way to fix any bitcoin technical problem and figure out to resolve it together, don't be selfish for the sake of money.
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Xenophis
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April 21, 2017, 12:52:55 PM |
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It took Bitcoin nearly 9 years for it to get to this point with the help of global economic meltdown FUD. It only took Ethereum about 2 and a half years (of real developmemt) for its valuation.
I can see alts taking a dominating position in the next 3 to 5 years with Ethereum being the most likely choice.
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hankyulpark
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April 21, 2017, 01:01:51 PM |
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The main goal of an altcoin is to be a better option to a specific gap that BTC can't properly handle. When we focus only at the price tag, I believe that no altcoin will have BTC's. But if we think about new features, several altcoins have something to add to the game.
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HarryKPeters
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April 21, 2017, 01:22:26 PM |
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At this moment many altcoins posses better technology then Bitcoin, but Bitcoin is still ruling the complete crypto scene. Honestly I don't see this changing now or within 3/4 years. If the core team would focus more on usability of the wallet, it may never happen.
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iv4n
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April 21, 2017, 05:35:48 PM |
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I don't see any altcoin that could be bitcoin competitor as long as we talking about cryptocurrency as currency, not investment or trading goods. But, few altcoin have great potential in new innovation, big community/supporters and stability such as Ethereum and Monero.
My opinion is the same, bitcoin don`t have competitor in this moment, and even there is some good alt`s I don`t think about them as a threat for bitcoin at least not in near future. Bitcoin will always be number 1, and this world is big, there will be a lot of space for some other alts. Who would say that bitcoin price will be +1000 dollars, and some alts like dash, zcash, ethereum cost +30 dollars at the moment.
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South Park
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April 21, 2017, 09:06:37 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?
Any alt that can do something bitcoin cannot or that it can do it better than bitcoin has a chance to capture a niche of the market but that is what they are niche coins, look at monero, monero is great and it offers an higher degree of anonymity than bitcoin but it does not seems it is going to displace bitcoin anytime soon.
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Fatanut
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April 22, 2017, 09:53:09 AM |
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The problem with the altcoins is they don’t have the same popularity like bitcoin and don’t have that much business supporting them so people find places to spend their coins on, so with that even if they become viable they won’t have as much users as the bitcoin.
I kind of don't think that the popularity is the problem, but rather the user base. Almost everyone that's using bitcoins also know of ETH, Dash, and LTC, or any other major coins. They've heard of it and probably even know how they work but they are not using it. Altcoins are also pretty popular but people are far too loyal with bitcoins to get out of their comfort zone and start using an alternative coin. However as the time goes by and people thinking that the bitcoin won’t last forever and it will become harder and harder to get they start switching to the altcoins and then they will stand a chance, but I don’t see that happening any time soon because most of the people are focusing on getting as much bitcoin as they can.
If bitcoin won't last forever, what will? Most altcoins are based on bitcoin's concept. Try looking at altcoins and see how many of them die every single day. Bitcoin is still the strongest one, as of now at least.
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Capradina
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April 22, 2017, 11:24:36 AM |
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Since they have a good tech, and solve real-world problems, any alt has a chance, but chances are very low. Even the coins with something innovative will have a lot of work to achieve the network effect and quality of development that Bitcoin has.
Maybe it's true, when altcoin wanted to shift the popularity of bitcoin. Because the bitcoin is a digital currency that's already very solid standing in the virtual world, and it would be pretty hard to altcoin who want to beat him. Unless they are able to break down a solid wall that exists in the bitcoin, if it can be done then I'm sure the popularity of bitcoin will be crushed. Well the main problem is knowing all the existing wall in the bitcoin
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batang_bitcoin
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April 22, 2017, 11:28:54 AM |
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I don't see any altcoin that could be bitcoin competitor as long as we talking about cryptocurrency as currency, not investment or trading goods. But, few altcoin have great potential in new innovation, big community/supporters and stability such as Ethereum and Monero.
Even Ethereum that is on the number 2 spot in the coinmarketcap.com will have no match against bitcoin. It may be attractive because of it's smart contracts and other alt coins are inspired through it but I will still say that bitcoin will always be the best coin and there is no alt that have any chance to replace or surpass bitcoins success.
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Rent this sig space so that BTC goes to $100k.
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Wintersoldier
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April 22, 2017, 11:43:46 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?
We can't really based that the current success of some altcoins today might have chances to go against bitcoin. My concern here is not the technical aspect of bitcoin but it's price. I doubt most of the traders cares for the slower confirmation times, maybe some but not much. That is fine to them as long as they are making money. And with bitcoin, the profit is really at high stake. Im not seeing any altcoin today that cares for it's unique feature that bitcoin doesn't have. All of them just focus on it's price that's why I considered them altcoins as other money making scheme. With the trust that bitcoin established thrroughout the season, it will take time to get it down or maybe I will assume it's impossible to happen. Once bitcoin failed, people will now have no trust in using cryptocurrency. I also do not based an recent or current status of a coin from its further success. Because change is inevitable meaning to say that change and development will be made on both bitcoin and some altcoin that has big future. But for me altcoin is not made to duel or to beat bitcoin at the first place. Altcoin is just a temporary or choice on transaction to trim down the demand and to established mutual relationship which has balance preposition that gives and take. And if we will look also on the price no doubt that bitcoin had a better price rate and moderation.
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Harlot
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April 22, 2017, 12:01:24 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?
Even if they transfer there investment in other altcoins it won't really matter because at the end they will convert it back to Bitcoin. Because from what I am seeing Bitcoin is still the only currency that you be able to transact not only online but in the real world. As a currency Bitcoin is the only who really has touch the majority of the population in terms of usage and I am not seeing any Altcoin doing that. Also I can't really see 2 cryptocurrencies battling in the market for its dominancy as there is only one crypto to be accepted by the majority and it is Bitcoin.
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Kotone
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April 22, 2017, 12:52:55 PM |
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Hmm i don't see any alts that will be against with bitcoin soon since bitcoin is the main reason why there are altcoins and if there will be against with bitcoin maybe it will no longer live it will scam soon like what tbc did. No exchange and continuously fooling people to continue this crap coin.
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LFC_Bitcoin
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April 22, 2017, 01:01:50 PM |
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I think bitcoin will always be the number one cryptocurrency but there is certainly a chance for one or more alts to rise significantly as bitcoin becomes more mainstream.
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AK47-
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April 22, 2017, 01:07:31 PM |
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If we talk about present and not so distant future. There is no cryptocurrency which has chances against bitcoin. Bitcoin has the first mover advantage. Therefore it will keep its first position safe for some time. But I shy away from absolutes. There is a complete chance of an altcoin surpassing bitcoin surely not in coming future but yeah someday.
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stompix
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April 22, 2017, 01:36:03 PM |
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Bitcoin and alts are nothing like gold and silver.
Bitcoin can easy change a bit of code and copy everything an alt has. There is nothing an alt could do and bitcoin wouldn't be able to match.
And in the end there will be only one that counts. Just like now. If you want to play around and speculate on pump and dumps play with altcoins but there will be never anything more than that coming from them.
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Robben123
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April 22, 2017, 08:01:11 PM |
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You just have to look what is happening right now. Bitcoin has so many problems with the scaling debate. Transaction fees are getting higher and higher, so the Bitcoin Community is mangling themselves. Besides this, there are some really awesome Altcoin projects going on. They can easily figure out, which problems Bitcoin has and adopt and find a better solution for this. Bitcoin will not change, because the extremely splitted community. Its too hard for them to implement new things. Just look at the charts: http://coinmarketcap.com/charts/#btc-percentageThe money in the future is made in Altcoins.
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alyssa85
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April 22, 2017, 08:16:01 PM |
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It took Bitcoin nearly 9 years for it to get to this point with the help of global economic meltdown FUD. It only took Ethereum about 2 and a half years (of real developmemt) for its valuation.
I can see alts taking a dominating position in the next 3 to 5 years with Ethereum being the most likely choice.
Well we know that ether is actually being used. It had 73941 transactions in the last 24 hours and the number is trending upwards: https://bitinfocharts.com/comparison/ethereum-transactions.htmlIf it ever tops the number of transactions done by bitcoin, then watch out!
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LivingDeath
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April 22, 2017, 09:40:47 PM |
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I think bitcoin is the king and will keep being it. It has the status of a mythos, that`s hard to get for an alt. But in usability there will come sth like IOTA. Or other coins that are more specialiced for sth. to use for than bitcoin. BTC will be more for hoarding.
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MeridianMDN
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April 22, 2017, 09:48:30 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?
The network effect is a hugely important factor when trying to compare Bitcoin to any of it's "alternatives." Bitcoin was the first horse out the gates. I mean, if we're talking about adoption levels then we should acknowledge how widely used Bitcoin is when compared to it's alternatives... the numbers don't compare, Bitcoin is clearly way ahead on that front. In terms of big businesses picking and choosing specific altcoins as opposed to Bitcoin, we should acknowledge the fact that Bitcoin has the largest user base among all digital assets. So perhaps the whole idea of a Bitcoin alternative should be re-evaluated. More attention should be lent to building assets that can be used in tandem with Bitcoin, rather than as "alternatives," since there aren't many alts that have managed to displace bitcoin in any meaningful way.
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