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Author Topic: Do you see alts have chances against Bitcoins?  (Read 51003 times)
Netnox
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August 27, 2017, 04:58:39 PM
 #921

If we compare them now , it is obvious that bitcoins are the best crypto currency and alt coins don't get a stand in front of it. People use bitcoins to buy altcoins , alt coins was started because of the success of bitcoins , it became the first crypto currency to gain value of $4000. Bitcoins have a big community behind them and the users are increasing in numbers ,
But we cannot say about the future , alt coins like ethereum have good potential, it may seem impossible but can happen in future .
Yeah, current bitcoin is still number one but the future is unpredictable because the competitor with bitcoin is very much, if Bitcoin does not try to improve and upgrade in the future, the competitors will be defeated and replaced Bitcoin. This is a very fierce market, any time Bitcoin stop development, altcoin will also take advantage of the opportunity against it.

Altcoins have been trying to overtake Bitcoin for a long time now, with varying levels of success (if I am not wrong, Namecoin or NMC was the first altcoin, created on April 2011). Till now, Bitcoin has been able to withhold the challenge from altcoins, but I can't guarantee about the future.
crairezx20
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August 27, 2017, 05:15:40 PM
 #922

If we compare them now , it is obvious that bitcoins are the best crypto currency and alt coins don't get a stand in front of it. People use bitcoins to buy altcoins , alt coins was started because of the success of bitcoins , it became the first crypto currency to gain value of $4000. Bitcoins have a big community behind them and the users are increasing in numbers ,
But we cannot say about the future , alt coins like ethereum have good potential, it may seem impossible but can happen in future .
Yeah, current bitcoin is still number one but the future is unpredictable because the competitor with bitcoin is very much, if Bitcoin does not try to improve and upgrade in the future, the competitors will be defeated and replaced Bitcoin. This is a very fierce market, any time Bitcoin stop development, altcoin will also take advantage of the opportunity against it.
You got the point bitcoin still not improve and every year it will be more worst since the transaction fee is really high these days i think that bitcoin fees can be increase more in the future that pushing other bitcoin holders to use other altcoin just to save in paying higher fees..
For now there are still no altcoin actually can be accepted by many merchant so still bitcoin will remain that acceptable and support by many merchant..
That is why altcoin has no chance if they don't let other merchant accept ethereum as payment..
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August 28, 2017, 08:16:21 AM
 #923


Sounds like there is chance of happening that. Bitcoin is also very unstable in its price plus if the fees are killing its transaction, like in the send we can't name smaller transaction then it will loose the customer base. People might just try out altcoins with less fees and easy to transact. Moreover, after taking big fees also the transaction confirmation takes about hours to couple of hours which is ain't good thing for dignity of bitcoin. There has to be major changes in the way bitcoin is getting transacted otherwise in the near future it might just start the down fall. This we don't want to happen as many investments are being dependent on bitcoin rather than altcoins.
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August 28, 2017, 12:35:01 PM
 #924

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?
It's really hard to predict what will happen in the near future, especially I am not a fortune teller to answer your question sir. Maybe it could be my opinion only that I can share. Even whale investors moving their funds towards alts and taking advantage with their least fees, it is still the last conversion once they sell it was still bitcoin. So I think it will not harm bitcoin's dignity instead bitcoin help alts to become more progressives due to bitcoin dignity's.
mundang
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August 28, 2017, 12:45:50 PM
 #925

Some says ethereum has a big chance to race against bitcoin, but i think ethereum is too young to have that power to race against bitcoin. It will need a lot of developments that will took for so may years.
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August 28, 2017, 12:57:21 PM
 #926

It is actually possible to see an altcoin beat against Bitcoin in the future if ever someone would create a coin that has the same blockchain as Bitcoin, the future is unpredictable and we can't really tell what the world of cryptos bring us. But that is yet to be decided and created and for now the only coin that may have the potential to beat Bitcoin in the chain is its copycat BCC.
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August 28, 2017, 12:59:19 PM
 #927

Nothing alts have chances against bitcoin because bitcoin is the main cryptocurrency that buy anything alts. And they used bitcoin everytime they want to buy altcoin or they exchanged altcoin to bitcoin so nothing reasons.
But the realitly some altcoins can buy with your fiat direclty, let's say etherum people can buy this coin directly with local fiat currency such as dollars, euros or yuan. I'm not a big fan of etherum, but i must confess that etherum is one of the biggest competitor of the bitcoin, the question is which currency will win? on the other hand people prefer to use monero than bitcoin because of monero's anonimity nature better than bitcoin. All i can say there would be more competitors for the bitcoin in future, but untill now no one can beat bitcoin.
There are specific role of alternative crypto-currencies in the market that could serve as a direct option for people to used their fiat in some kind of transaction. But we could see that the price of Bitcoin is more aligned to the price and development of Bitcoin where it is to say that there is a relation between the two crypto-currency that is base in transaction and not on dealing with rivalry to one another.

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Gandam23
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August 28, 2017, 02:12:15 PM
 #928

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 dont think so. We cant predict that thing because as of now. Bitcoin most trusted and known above all currencies. We cant predict because we all know that bitcoin value is unstable so maybe it can happen. But for now. Its time for the bitcoin because its famous and becoming more famous.
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August 28, 2017, 02:16:42 PM
 #929

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?
Maybe only some altcoin can show a positive value at this time. One is etherum, etherum is growing very rapidly and successfully to convince investors to use etherum. But it is still very far to compare it with bitcoin, it could be altcoin still takes a long time to be able to compete with bitcoin. Altcoin still has a chance, we have to keep waiting until that time comes.
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August 28, 2017, 02:32:34 PM
 #930

Looking at the value and the demand for the altcoins and bitcoin, ethereum is somehow stronger. It is use in funding ICOs which is giving it a better reputation and a faster increasing value.
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August 28, 2017, 03:22:14 PM
 #931

Looking at the value and the demand for the altcoins and bitcoin, ethereum is somehow stronger. It is use in funding ICOs which is giving it a better reputation and a faster increasing value.

In this case ethereum continues to prove itself as a mainstay for new altcoin payments. even eth-based markets have been able to provide an ever-increasing volume, I do not think there are any bitcoin strong competitors other than these coins, but still limited to potential and in long-term goals. Nothing can beat bitcoin any time soon or equalize.

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August 28, 2017, 03:25:25 PM
 #932

bitcoin is the best cryptocurrency right now and by far compared to the rest, not merely because the price is higher than the rest, but because of the stability of demand/request as well as the general interest from those not even investing into crypto, Altcoins are still mostly invested in by people aiming to invest and get profit then go out, which isn't a stable platform for a cryptocurrency.
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August 28, 2017, 03:38:53 PM
 #933

there are good altcoins out there, those saying bitcoin is joining to win are underestimating these coins, even if they will not be the #1 coin but will significantly impact the world of crypto's and altcoins in general. For example: Monero, Ethereum are good choices.
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August 28, 2017, 03:51:19 PM
 #934

If we compare them now , it is obvious that bitcoins are the best crypto currency and alt coins don't get a stand in front of it. People use bitcoins to buy altcoins , alt coins was started because of the success of bitcoins , it became the first crypto currency to gain value of $4000. Bitcoins have a big community behind them and the users are increasing in numbers ,
But we cannot say about the future , alt coins like ethereum have good potential, it may seem impossible but can happen in future .
Yeah, current bitcoin is still number one but the future is unpredictable because the competitor with bitcoin is very much, if Bitcoin does not try to improve and upgrade in the future, the competitors will be defeated and replaced Bitcoin. This is a very fierce market, any time Bitcoin stop development, altcoin will also take advantage of the opportunity against it.

Altcoins have been trying to overtake Bitcoin for a long time now, with varying levels of success (if I am not wrong, Namecoin or NMC was the first altcoin, created on April 2011). Till now, Bitcoin has been able to withhold the challenge from altcoins, but I can't guarantee about the future.

This has been happening for few years now and ETH which is the top of Altcoin is still not worth 1/10 of the Bitcoin price. Even lately BCH / BCC (Bitcoin Cash) which tends to be a strong competitor of BTC (Result from the Hard fork), but yet is fail to give any threat to original bitcoins. All these things make me confident that we may never see any currency which may beat Bitcoins.
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August 31, 2017, 12:17:37 PM
 #935

If we compare them now , it is obvious that bitcoins are the best crypto currency and alt coins don't get a stand in front of it. People use bitcoins to buy altcoins , alt coins was started because of the success of bitcoins , it became the first crypto currency to gain value of $4000. Bitcoins have a big community behind them and the users are increasing in numbers ,
But we cannot say about the future , alt coins like ethereum have good potential, it may seem impossible but can happen in future .

That is true that all coin have some potential, problem is for some how to use that potential. Many wont be nothing close to bitcoin price, but some might come close to taking more market cap value like ETH is trying to do. On that point they might overtake, but in looks of price they wont come close, no alt can.

They can only hope to overtake bitcoin in market cap value and that is big step for almost all of them.



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August 31, 2017, 12:49:37 PM
 #936

If we compare them now , it is obvious that bitcoins are the best crypto currency and alt coins don't get a stand in front of it. People use bitcoins to buy altcoins , alt coins was started because of the success of bitcoins , it became the first crypto currency to gain value of $4000. Bitcoins have a big community behind them and the users are increasing in numbers ,
But we cannot say about the future , alt coins like ethereum have good potential, it may seem impossible but can happen in future .

That is true that all coin have some potential, problem is for some how to use that potential. Many wont be nothing close to bitcoin price, but some might come close to taking more market cap value like ETH is trying to do. On that point they might overtake, but in looks of price they wont come close, no alt can.

They can only hope to overtake bitcoin in market cap value and that is a big step for almost all of them.

The ETH will reach the present price of bitcoin, but it will not overtake Bitcoin. And we need to wait for many years to see the ETH price is cross $4k. Did you observe how the Bitcoin price will increase like that ETH and other altcoins value also increase. So the meaning is if the Bitcoin lose his value then all altcoins also lose their value. 
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August 31, 2017, 12:55:15 PM
 #937

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?

Alts will continue to rise yes. I see many alts that will continue to grow larger and larger.

The bitcoin marketcap is only like 45% or 46% of the total market. Bitcoin used to be 90%+ of the market, but with all these different altcoins coming out and new ICOs coming out and many other things, we are seeing the bitcoin dominance go down by a lot.
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August 31, 2017, 01:01:19 PM
 #938

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?

Alts will continue to rise yes. I see many alts that will continue to grow larger and larger.

The bitcoin marketcap is only like 45% or 46% of the total market. Bitcoin used to be 90%+ of the market, but with all these different altcoins coming out and new ICOs coming out and many other things, we are seeing the bitcoin dominance go down by a lot.
that my opinion.. bitcoin used to be 90% but now it's only 45% - 46%. sometime it's down to 40%. bitcoin have high price because it is the first crypto currency. many alt coin have more technology than bitcoin. they fast, they low fee. they only need people accept them!

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August 31, 2017, 01:11:44 PM
 #939

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?
It is surely possible. There are lots of alts that are potent enough to surpass bitcoin. BCC is one of the newest alt that is making its name big for a short period of time. There are Monero, Dash, litecoin and ETH that are not new on crypto world that has already big community. So itvis possible that somedsy, an altcoin will rise that will equally compete with Bitcoin. But as of now, we should be grateful on the success of Bitcoin.
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August 31, 2017, 03:08:32 PM
 #940

I think every cryptocurrency is competing to stand on top just that bitcoin is better Although with the bitcoin problems that occur there are still a lot of loyal but unused users left a bitcoin because of transaction fees
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