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Author Topic: Do you see alts have chances against Bitcoins?  (Read 51075 times)
erickkyut
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May 10, 2017, 10:58:54 AM
 #501

Lots of altcoins are pumping this past few days. It is a proof that digital cuurency are now slowly being accepted worldwide. I'm waiting for a few more days for the coins to dump then I will buy lots of it. It is one of the best time to invest in altcoins Smiley
davis196
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May 10, 2017, 11:23:03 AM
 #502

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?

Confirmation time and transaction fees  can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Karloff
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May 10, 2017, 11:26:04 AM
 #503

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?

Confirmation time and transaction fees  can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Yes, bitcoin is much safer and safer. Over time, it will improve all the problematic functions of making transactions.
Pattart
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May 10, 2017, 11:44:20 AM
 #504

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.
When the bitcoin transaction fee gets bigger it might make bitcoin users a bit uncomfortable. Because of course it will be a little detrimental to them and maybe they will think to use altcoin

DoublerHunter
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May 10, 2017, 11:52:35 AM
 #505

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.
When the bitcoin transaction fee gets bigger it might make bitcoin users a bit uncomfortable. Because of course it will be a little detrimental to them and maybe they will think to use altcoin


That is what the most concerned topic right now which is the increasing fee of bitcoin transactions that is around or more $1 per transaction and for a wise money saver that is a very expensive fee and that is why some of the cryptocurrency user choose altcoin that is cheaper in fees and also faster but this is just temporary problem and soon it will be fixed by the core team.
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May 10, 2017, 12:26:59 PM
 #506

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?

Confirmation time and transaction fees  can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Yes, bitcoin is much safer and safer. Over time, it will improve all the problematic functions of making transactions.
I wouldn't say that Bitcoin is safer than a lot of the altcoins out there.
There are quite a few altcoins that are based on Bitcoin and they're not really less safe than Bitcoin itself.

Some altcoins also have pretty much a head start on Bitcoin when it comes to transaction speed & cost, Bitcoin might be able to fix its problems but some altcoins are already way ahead.

youdacapt
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May 10, 2017, 12:31:35 PM
 #507

We can see today that litecoins value increases 700% within a month, something astounding, but it also elevates the bitcoin value because the impacts of segwit on altcoin make it sticky and harmonize in volatility. So as long as altcoin continues to use bitcoin as the primary means of exchange, they will never replace bitcoin.
FlightyPouch
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May 10, 2017, 12:34:24 PM
 #508

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?

Confirmation time and transaction fees  can be a problem for bitcoin businesses,but
altcoin prices are unstable and using altcoins is more risky.
No altcoin is better than bitcoin in terms of stability and safety.

Yes, bitcoin is much safer and safer. Over time, it will improve all the problematic functions of making transactions.
I wouldn't say that Bitcoin is safer than a lot of the altcoins out there.
There are quite a few altcoins that are based on Bitcoin and they're not really less safe than Bitcoin itself.

Some altcoins also have pretty much a head start on Bitcoin when it comes to transaction speed & cost, Bitcoin might be able to fix its problems but some altcoins are already way ahead.

That is why it is an altcoin. It is the coin of a maker that found a solution to a certain problem of bitcoin and thought that it is better than bitcoin, but the thing about bitcoin is, it is the original coin, no matter how many times you make a new altcoin, bitcoin will still remain popular.

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Finestream
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May 10, 2017, 01:23:29 PM
 #509

We can see today that litecoins value increases 700% within a month, something astounding, but it also elevates the bitcoin value because the impacts of segwit on altcoin make it sticky and harmonize in volatility. So as long as altcoin continues to use bitcoin as the primary means of exchange, they will never replace bitcoin.
There are a lot of changes in the future as both are just a payment system or a platform to use, it will only work if we will support it with our fiat. Of course bitcoin is very popular now and the most popular among all the crypto currencies but we can never be sure what will happen in the future.
If bitcoin has surprise us from time to time, some alts might surprise as also, let's just watch out what will happen, what's important is crypto is progressive.

Casabrandy
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May 10, 2017, 02:11:59 PM
 #510

We can see today that litecoins value increases 700% within a month, something astounding, but it also elevates the bitcoin value because the impacts of segwit on altcoin make it sticky and harmonize in volatility. So as long as altcoin continues to use bitcoin as the primary means of exchange, they will never replace bitcoin.
There are a lot of changes in the future as both are just a payment system or a platform to use, it will only work if we will support it with our fiat. Of course bitcoin is very popular now and the most popular among all the crypto currencies but we can never be sure what will happen in the future.
If bitcoin has surprise us from time to time, some alts might surprise as also, let's just watch out what will happen, what's important is crypto is progressive.

The only advantage of other altcoins now is they can adjust on bitcoin service, now that confirmation takes too long to confirm, some altcoins provides a way were they can deliver the transaction as fast as they could. Poor service transaction of bitcoin now may give a way to other alt coins to get known.

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Eternad
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May 10, 2017, 02:50:47 PM
 #511

We can see today that litecoins value increases 700% within a month, something astounding, but it also elevates the bitcoin value because the impacts of segwit on altcoin make it sticky and harmonize in volatility. So as long as altcoin continues to use bitcoin as the primary means of exchange, they will never replace bitcoin.
There are a lot of changes in the future as both are just a payment system or a platform to use, it will only work if we will support it with our fiat. Of course bitcoin is very popular now and the most popular among all the crypto currencies but we can never be sure what will happen in the future.
If bitcoin has surprise us from time to time, some alts might surprise as also, let's just watch out what will happen, what's important is crypto is progressive.

The only advantage of other altcoins now is they can adjust on bitcoin service, now that confirmation takes too long to confirm, some altcoins provides a way were they can deliver the transaction as fast as they could. Poor service transaction of bitcoin now may give a way to other alt coins to get known.


Some may change their mind ,it might not beat BTC due to its high increase , but because of this increase the features and transactions can’t be handle since there a lot of numbers of confirmation needs to identified, due to this some may lead to change in other altcoins than sticking in bitcoin poor service.

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Stedsm (OP)
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May 10, 2017, 03:10:32 PM
 #512

We can see today that litecoins value increases 700% within a month, something astounding, but it also elevates the bitcoin value because the impacts of segwit on altcoin make it sticky and harmonize in volatility. So as long as altcoin continues to use bitcoin as the primary means of exchange, they will never replace bitcoin.
There are a lot of changes in the future as both are just a payment system or a platform to use, it will only work if we will support it with our fiat. Of course bitcoin is very popular now and the most popular among all the crypto currencies but we can never be sure what will happen in the future.
If bitcoin has surprise us from time to time, some alts might surprise as also, let's just watch out what will happen, what's important is crypto is progressive.

The only advantage of other altcoins now is they can adjust on bitcoin service, now that confirmation takes too long to confirm, some altcoins provides a way were they can deliver the transaction as fast as they could. Poor service transaction of bitcoin now may give a way to other alt coins to get known.


Some may change their mind ,it might not beat BTC due to its high increase , but because of this increase the features and transactions can’t be handle since there a lot of numbers of confirmation needs to identified, due to this some may lead to change in other altcoins than sticking in bitcoin poor service.

That's absolutely correct, because there are many altcoins sitting over there with least fee and higher rates and best features as well as fastest confirmations and better anonymity levels over Bitcoins, and due to such high prices; I see everyone getting into altcoins more than going for just Btc alone. I am feeling that some competing alts are already getting over there and may cover large share of Btc market cap one day.

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May 10, 2017, 03:43:35 PM
 #513

I dont think so, bitcoin is the father of all alt coins, and it has the highest value among other coins. I think they will be more closer to the value but bitcoin will always won. Bitcoin has the highest trust value also because it runs about years ago. And many investors invest on it. Bitcoin is the most populat among all.
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May 10, 2017, 05:09:15 PM
 #514

Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.



Unless btc finds a use, its not going to be a safe haven over the long term
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May 10, 2017, 05:26:39 PM
 #515

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?
As the price of bitcoin keeps growing I think it will be impossible for many users of countries with low income to keep using bitcoin, not only for the fees but the price in itself, just look at the price right now and if some of the prediction come true about the future price of bitcoin, then things are going to become even worst.
That is one of the things that we need to consider for bitcoin, most of the people that i know also want to use bitcoin  as their currency but the problem is, they can't afford such thing like the regular fees when they are doing transaction and also the continuous rising for the price of bitcoin which is not affordable anymore for other people.
Yes, this really is not a big problem if someone can’t afford to buy it, they better to collect the BTC. This will be like if I want to buy a BMW but I don’t enough resources to buy it. I guess this is not something for which I could blame the BMW, it is my weakness and to overcome it I need to work for it.

So, if someone can’t afford to buy the BTC at the moment they could collect it by various means and I guess the signature campaign will be the best one.
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May 10, 2017, 05:26:49 PM
 #516

Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.


Exactly, it is very hard to predict what is going to happen in next 10 year in the cryptocurrency world.
I think that LTC lately has grown up, showing it's potential thanks to the possible SegWit implementation.
But as can be observed, ETH has also a big chance to take a lot of the market ( and already has, after bitcoin ).
I also believe that Monero may have opportunity to build-up, thanks to the anonymousness of this altcoin.

After all, there is a possibility of totally new altcoin growing up, and taking big part of the market.
But all of that is just speculation about future, it is only my opinion.




I think the altcoins will find there way in future, but we can learn from them as they learned from bitcoin.
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May 10, 2017, 07:12:07 PM
 #517

If you look at more then 3 months back or better at January this year you will see that all coins are going up some in small percentage other in very large ones (i mean some went over 200 - 300 or even more in %). Off course if someone invested then now can laugh at us all cuz he made right choice with some coin.
when bitcoin start increasing then altcoin stop or reduce their increasing speed, in fact most of the people invest their money in bitcoin and they do not give any prefer to bitcoin, but when the price of bitcoin become a little stable the people start taking interested in alt coin.
yes that is very right, as we can see that in present time most of the people have invested their money in bitcoin and are still waiting for the price to increase more and more. i think most of the people are still interested to invest money in bitcoin.
Yes, with a reason that the bitcoin is the most trusted currency currently as the BTC has a proven record of increasing wealth of many and people are still investing and trading it for more they can get from it. People coming and adopting the digital currency is due to the reason that they want to earn more than the regular earning.
I think it's not the main reason, majority of the users or adopters of bitcoin does not really came to earn, they adopt because they appreciate the system that's why we see the circulation of bitcoin has been increasing overtime. The main purpose of bitcoin is a currency to ease the transaction process and to provide a low cost transaction.
I disagree while some users may be in bitcoin for the technology I think most of the money comes fro people that think in nothing else but to get profits out of bitcoin and will sell all their coins as soon as they see another opportunity to make money even faster.
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May 11, 2017, 01:18:20 PM
 #518

The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.
Sometimes i convert my bitcoin to altcoin and then send it to another exchange. I do this because to avoid the higher bitcoin transaction fees
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May 11, 2017, 02:13:08 PM
 #519

Yes, I do see that. Bitcoin is very obsolete compared to other cryptos such as ethereum or litecoin. They are much better with good technology and algorithm.
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May 11, 2017, 02:36:58 PM
 #520

I think not, altcoin can not be against its king, there are not any opportunities or a way to altcoin can against Bitcoin because bitcoin is the common currency of digital coins and all altcoin must be converted to bitcoin on the exchange. In previous years, many people telling me that eth or litecoin would replace bitcoin, bitcoin would be defeated but until now I still do not see any sign of bitcoin being defeated. I only saw the value of Bitcoins is still constantly increasing and altcoin collapsed under its feet, it is proving the status of a king and despise those who want to against it

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