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Author Topic: Do you see alts have chances against Bitcoins?  (Read 51075 times)
waynechong1995
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February 28, 2018, 01:11:21 PM
 #1561

I dont think alts are close to bitcoin's popularity as their use case are still pretty limited regardless of their progress, many looks alts as alternative investments are hope they could reach dollar in prices. We could only see much damage to bitcoin when people are moving to transactional based on that alt rather than simply building products that doesn't meet demand yet.

Petersha
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March 01, 2018, 07:22:56 AM
 #1562

This lightning network decrease the transaction fees of bitcoin and it is not easy to overtake bitcoin at the moment, but yes everything is possible,

There are many good projects coming this year.

IN march i will invest in Cardstack.

Don't cinsider it as investment suggestion.

Do your own investment before you invest.
Aliya Taj
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March 01, 2018, 07:27:24 AM
 #1563


Mining cost has been a great determining factor to the price of a crypto. some altcoins has managed to acheive a zero transfer fee by eliminating the mining cost, as much as this wil work to their advantage, i don't think if it will have any effect on BTC's pricing, dignity or performance. the value of BTC to the users is what matters, not the activities of the alts.
weston4mills
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March 01, 2018, 07:29:21 AM
 #1564

Some altcoins have pretty good chances to grow but I don't think any altcoin will ever beat bitcoin

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rlkiwi
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March 01, 2018, 07:31:23 AM
 #1565

I believe eventually an altcoin will take over, the billion dollar question is which one.
Luca.Luca
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March 01, 2018, 07:35:33 AM
 #1566

It is foolish to  think that altcoin market won't grow naturally. It will over time, with or without bitcoin. I am sure that if there was no threat and Bitcoin has reached consensus, altcoins wouldn't be pumped up so badly. That's why I consider altcoins to sit in a massive bubble.
Jaxon1234
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March 01, 2018, 07:38:18 AM
 #1567

I guess alt has great potential to compete with the Bitcoin market, but it takes a long time and the process depends on the coin developer.Now things were different that each altcoin has got something unique to move forward overcoming the other. So crossing the obstacles is the thing that's required for success.
Gabteb
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March 01, 2018, 07:39:14 AM
 #1568

Btc dominates becouse its first cryptocoin and most of people even dont know there is other coins than BTC its nomal as BTC and cryptoes are new in this world so we will see what will happned next.


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Matthew1968
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March 01, 2018, 07:39:59 AM
 #1569

 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, Altcoins will take a lot of time and development in order to become another type of king of the cryptocurrency markets.
Harvey1960
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March 01, 2018, 07:41:05 AM
 #1570

Chances of alts to rise is there but you don't have to worry about it as most of us are making bitcoin as our main crypto. And the whole market is centered for using bitcoin.I've been looking at the alternative technologies to see if I might be able to get in on the ground level of something great.
jcarlo
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March 01, 2018, 07:47:29 AM
 #1571

I think chance altcoin to rising is wide open but not to againts bitcoin because they have their own market. Many altcoin have great project and have a product but under the radar, I am believe that altcoin with product will rising soon many investor know about their product and their project
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March 01, 2018, 07:57:57 AM
 #1572

I think maybe Etherium has a chance to surpass Bitcoin, but not any other altcoin can do this. Bitcoin's price is too high to beat and also it's the first coin and all altcoin trade system depends on its price.
ogini
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March 01, 2018, 07:59:27 AM
 #1573

For sure the transactions fee really got me up set when i did a transaction the fees were like hell, i regret trading my coins to Bitcoin i should have trade it to Ethereum before selling it to my local currency because selling bitcion to my local currency the fee is higher than Ethereum
PilosopongTacio
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March 01, 2018, 08:11:08 AM
 #1574

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?

There are potential alt coins in the market right now that are promising and maybe rise from its current value but to outgrow bitcoin value is impossible for now.
Bitcoin has a well-established reputation and its current value is unstable,it will probably rise up than its usual value due to its increase demand as days go by.
Etherium could catch up but its still too early to speculate.

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Ailmand
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March 01, 2018, 08:54:16 AM
 #1575

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.



That's right; however, I could say that there is always that chance for altcoins to be able to catch up to Bitcoin or at least be able to match its value. Take Ethereum for example, although its climb is slow and steady, if it will continue its path, I think it can reach a point where it can get good value since one of its strengths is its endurance to maintain its ground to hold its value even if many altcoins, and even the market, is dwindling in value. And, it would also depend on the recognition and support people will give any certain coin in the market, just as much as Bitcoin received massive support that helped its rise to power, if an altcoin would gain the same, then there is a chance for it to rise up like Bitcoin did.

Vishnu.Reang
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March 01, 2018, 08:57:47 AM
 #1576

I feel there are enough people to have multiple currencies at the top. Bitcoin is dominant now but it has many drawbacks which make some people wary of transacting in bitcoin. This is the gap which others will fill. There will be a time when we will reach maximum supply beyond which the transactions will be difficult to handle. Bitcoin also has a low transaction speed. Eventually there should be 3-4 major players followed by 4-5 little league players which will be abenefit for all as there will be no one thing that controls all the wealth even though it is not a human Smiley
tyas pur
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March 01, 2018, 09:27:54 AM
 #1577

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?

There are potential altcoins in the market right now that are promising and maybe rise from its current value but to outgrow bitcoin value is impossible for now.
Bitcoin has a well-established reputation and its current value is unstable, it will probably rise up then its usual value due to its increasing demand as days go by.
Etherium could catch up but it's still too early to speculate.

I agree I do not think Bitcoin will be replaced by other coins. Although many other coins that the development is good enough but if to pursue Bitcoin, certainly takes a very long time and a lot of obstacles. For me, Bitcoin is the best coin.
rasmadisulaiman
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March 01, 2018, 10:13:15 AM
 #1578

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?
Currently there is a start of resistance that is not directly done altcoin to bitcoin. Currently the bitcoin value is retained, but there are some stable and increasing altcoin, if this happens it is not impossible that bitcoin may be eliminated.

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March 01, 2018, 02:43:24 PM
 #1579

Of course, Bitcoin is slowly decaying because of its fee and slower transaction due to incoming forks/demands and traffics. The no. 1 Altcoins that can surpass Bitcoin is ETHEREUM because of its fast transaction and low fee and almost all upcoming and ongoing ICO is using ERC20. ETHEREUM is mostly used in trading but bitcoin is being the base of cryptocurrency value.
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March 01, 2018, 02:52:04 PM
 #1580

Its strengths is its endurance to maintain its ground to hold its value even if many altcoins, and even the market, is dwindling in value. And, it would also depend on the recognition and support people.
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