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Author Topic: Do you see alts have chances against Bitcoins?  (Read 51014 times)
ogoowinner
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May 24, 2017, 12:59:30 AM
 #681

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.


I share your views. I have a Business idea I'm still thinking of now, and the payment method I wanted to use was Bitcoin, but with recent high transaction fees and delayed transaction confirmation, I'm considering using ETH. I believe so many businesses are thinking towards that direction as well. If Bitcoin wants to maintain dominance. they should fix all these problems.
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May 24, 2017, 01:02:07 AM
 #682

I have seen a lot of altcoins online, and I think there are lots of them that can compete with bitcoins, in terms of other aspects, other than price and users.
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May 24, 2017, 04:54:50 AM
 #683

I have seen a lot of altcoins online, and I think there are lots of them that can compete with bitcoins, in terms of other aspects, other than price and users.
The trend now is when bitcoin rise altcoins dump, that's how investors work because they want to ride on those who pump, they make money doing it consistently so why would they change their system. Actually, a legitimate altcoins does not need a hype, just hold it longer as its value will rise in the right time. However, for chances against bitcoin, I guess they do not need to compare, they can be both progressive at the same time.

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May 24, 2017, 07:02:29 AM
 #684

No i don't think so i mean if you see bitcoin is legend and the only unique coin the alts are just their to give it some sort of competition and nothing else. It's just like gold, there are different diamonds like ruby, sapphire but in the end gold is the one who is leading at the end of the day. If i have to say ether can have a good chance against bitcoin.
All the altcoins are just trying to catch up to the bitcoin they have struggled for years now to be like the bitcoin but they always fail, however they may not seem like they are doing much right now but in the long term they may become worthful since the market cap for bitcoin is limited.

So, when there is no more bitcoin to mine it will get very expensive and that means that people won’t be able to get as much as they do now, which means they are going to search for alternatives, and then they will rise.
No bitcoin left to mine is impossible as the difficulty increases every time so at a point of time people will surely stop mining and mostly the coin will be abandoned and people will start showing interest for altcoins. All the altcoins also have a limited market cap but compared to bitcoin they have many years to be fully mined.
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May 24, 2017, 07:33:59 AM
 #685

some alts might surpass BTC in the near future.. its only a matter of time.. Unless BTC gets some killer upgrades Cheesy
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May 24, 2017, 07:57:40 AM
 #686

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?
I Dont think so. The fact that bitcoin price is rising right now it will have big impact for the bitcoin user. Even though it has a high fee. alt coin will still below the bitcoin. I think this may not harm the dignity of bitcoin because this will still the most cryptocurrency in this kind of forum. High transaction will be solved soon just pray for that thing.



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Rainbot
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May 24, 2017, 08:26:58 AM
 #687

We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.

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May 24, 2017, 08:36:32 AM
 #688

We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.

Yes we can not trust any digital currency for a long time. Today Bitcoin is ruling digital currency world and day by day the popularity of bitcoin is increasing all over the globe. And many new alts are entering this digital world. And some more already become popular in the market. So anything can happen in future any alt can replace bitcoin.
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May 24, 2017, 08:41:36 AM
 #689

No.
But being different with bitcoin could produce a better one.
Having a great feature with a certain altcoin will take it to the top.
Example is anpopular MMORPG game which uses that altcoin to buy premium items or a VIP.
If that happens then certainly it could be labeled as a top alt in the fields of gaming industry.
Perhaps other application could also work it out.

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May 24, 2017, 12:57:16 PM
 #690

I don't see any alts that will stab bitcoin in the end all alts will be partner of bitcoin. Having a great future of bitcoin it will be produce another alternative coin again it good to see that when the bitcoin is growing alternative coin in decreasing so as much as possible we need to stock altcoins to sell when bitcoin price fall.
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May 24, 2017, 04:28:14 PM
 #691

We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.

Highly unlikely that it will happen overnight. It is not impossible, but it will take time.
For example, we have seen Bitcoin dominance drop from over 80% to less than 50% over the past few months. The change will be gradual, like this.


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May 24, 2017, 05:21:22 PM
 #692


We can never know and understand how things happen here,
Its possible that we wake up one day and the BitCoin price will drop while all the money will move to the altcoins.

The question is which currency will be more useful, and which will be able to be acknowledged by the regulators.


Yes we can not trust any digital currency for a long time. Today Bitcoin is ruling digital currency world and day by day the popularity of bitcoin is increasing all over the globe. And many new alts are entering this digital world. And some more already become popular in the market. So anything can happen in future any alt can replace bitcoin.

well i do not think that alts have any chances against bitcoin because bitcoin is such a strong currency that no other alts will replace it and if you do not trust it you can compare bitcoin to every alt and then check the result, so you will find that the bitcoin popularity is very much and also the price of bitcoin is so much strong that alts will take long and long time to reach the present price of bitcoin.
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May 24, 2017, 05:29:00 PM
Last edit: May 24, 2017, 05:50:54 PM by stompix
 #693

No i don't think so i mean if you see bitcoin is legend and the only unique coin the alts are just their to give it some sort of competition and nothing else. It's just like gold, there are different diamonds like ruby, sapphire but in the end gold is the one who is leading at the end of the day. If i have to say ether can have a good chance against bitcoin.
All the altcoins are just trying to catch up to the bitcoin they have struggled for years now to be like the bitcoin but they always fail, however they may not seem like they are doing much right now but in the long term they may become worthful since the market cap for bitcoin is limited.

So, when there is no more bitcoin to mine it will get very expensive and that means that people won’t be able to get as much as they do now, which means they are going to search for alternatives, and then they will rise.

What a load of crap.
What is the connection with the amount of bitcoins left to be mined in the future and the current usage of the coin?

Nada , none zero.
Do us a favor and stop shit posting!!!!

Even following your own logic 99% of all the alts that are currently still alive are or entirely premined or their mining days will be over decades before bitcoin.

Further more , if bitcoin will become more expensive it will mean people will start looking for alternatives?
And stop using bitcoin?

Yeah , right that's why bitcoin is increasing in price because people are leaving in search of scamcoins and shitcoins.






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May 24, 2017, 05:34:38 PM
 #694

We are starting to see the Altcoins take at a real chunk at the market dominance that Bitcoin has had in its whole history. Now that Bitcoin is down to 46%, there will be more movements towards Altcoins to replace it. Also showing that ETH is becoming much more viable for trading and day to day transactions.
But still you can see the demand of bitcoin from its price. Always take in mind that if the price of an asset is increasing then it is because of the demand of people for that asset and with the price you will find that how much is the demand of bitcoin nowadays.
yes, bitcoin will always be the number one no matter what happens. they are alternative, but bitcoin is the father of all coins. it has the highest value in the market, it has the highest reputation and the highest number of users worldwide. alt coin only depends on bitcoin i think, it will never take the place of bitcoin in the market and even in our hearts.
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May 25, 2017, 03:16:04 AM
 #695

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.
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May 25, 2017, 05:04:22 AM
 #696

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 the other altcoins have a better features and better plans for usage then it can over come bitcoin because it is not about the price because i believe that it is about the capability of the altcoin and how we can use it as a cryptocurrency. If there will be a cryptocurrency that is better, faster and more stable than bitcoin then it will be a threat for bitcoin for sure.
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May 25, 2017, 07:05:44 AM
 #697

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 the other altcoins have a better features and better plans for usage then it can over come bitcoin because it is not about the price because i believe that it is about the capability of the altcoin and how we can use it as a cryptocurrency. If there will be a cryptocurrency that is better, faster and more stable than bitcoin then it will be a threat for bitcoin for sure.
The price will only increase if investors sees a potential of a certain project, however there are instances that whales manipulate the price of a certain altcoins to take advantage of their short trade, we have to determine that and make sure we were able to do a thorough research on the project we invested.

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May 25, 2017, 07:16:46 AM
 #698

The altcoins have a really great potential when it coins in success but the bitcoin price was so successful in the market and almost 3000$ and still increasing so the altcoins still almost impossible to surpass the bitcoins so i would say no chances for the altcoins but still they are great in making profits so better invest before its too late.
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May 25, 2017, 10:33:16 AM
 #699

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 the other altcoins have a better features and better plans for usage then it can over come bitcoin because it is not about the price because i believe that it is about the capability of the altcoin and how we can use it as a cryptocurrency. If there will be a cryptocurrency that is better, faster and more stable than bitcoin then it will be a threat for bitcoin for sure.
The price will only increase if investors sees a potential of a certain project, however there are instances that whales manipulate the price of a certain altcoins to take advantage of their short trade, we have to determine that and make sure we were able to do a thorough research on the project we invested.
Maybe you guys are right and there is a chance for altcoin to overthrow bitcoin, but i do not think it will be an easy fight... for altcoin that is. Bitcoin is getting stronger and stronger by the day, price of it has goon up so fast in so short time, and that tells me that there are more and more people that use bitcoin or buy it, which make bitcoin only stronger.
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May 25, 2017, 11:15:33 AM
 #700

We are starting to see the Altcoins take at a real chunk at the market dominance that Bitcoin has had in its whole history. Now that Bitcoin is down to 46%, there will be more movements towards Altcoins to replace it. Also showing that ETH is becoming much more viable for trading and day to day transactions.
But still you can see the demand of bitcoin from its price. Always take in mind that if the price of an asset is increasing then it is because of the demand of people for that asset and with the price you will find that how much is the demand of bitcoin nowadays.
yes, bitcoin will always be the number one no matter what happens. they are alternative, but bitcoin is the father of all coins. it has the highest value in the market, it has the highest reputation and the highest number of users worldwide. alt coin only depends on bitcoin i think, it will never take the place of bitcoin in the market and even in our hearts.

For nowadays alternative coin which has very great potential to compete bitcoin(if we compare with hundreds other altcoin) is ethereum. Based on market cap, ethereum is about $17.4 billion USD that number is only 43.7 percent of market cap bitcoin which about $39.8 billion USD. From that data ethereum strong enough at this time. But i believe that bitcoin won't collapse by alt coin and will always be a number one.

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