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Author Topic: Will bitcoin eventually kill Altcoin?  (Read 5457 times)
DuarteFig
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July 25, 2017, 02:13:06 PM
 #121

Bitcoin won't kill what you guys call "altcoins" in the same way that altcoins won't kill bitcoin because they have different purposes.

Some (or most) of the alternative coins discussed here are platforms using the blockchain wuth more functionality than just coins. We have smart contract platforms, games, investment funds, advertisement platforms. Bitcoin will probably remain as the entrance door for the cryptocurrency world (even when Ethereum surpasses its market cap) and maybe the global digital currency of choice for general population, but Ethereum and its tokens will be the technology behind Web 3.0
yunuzov
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July 25, 2017, 02:15:22 PM
 #122

I don't think bitcoin will kill altcoins or vice versa. They are in use for different purposes, they may seem they are in competition but mostly not. All people in crypto biz have lots of different altcoins and bitcoin together.

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July 25, 2017, 04:32:17 PM
 #123

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .

I think you are mistaken. When bitcoin goes up in value usually altcoins go up as well. I think primarily this has to do with the fact that people trade Altcoins for bitcoins a lot of the time. Their market activity is going to mirror one another and therefore their values should trend the same way.


Am I wrong in that line of thinking?
AiWanChu
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July 25, 2017, 04:37:35 PM
Last edit: July 26, 2017, 12:29:25 PM by AiWanChu
 #124

bitcoin will never kill alts y0, if anything they will help each other get stronger
Doell
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July 25, 2017, 04:48:26 PM
 #125

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .
altcoin vs bitcoin in which case bitcoin prices are superior because the average altcoin sells its stock to bitcoin.different from another altcoin that every sale can buy directly to dollar like ETH or STELLAR.in terms of price they can compete with bitcoin in the future

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Iolanta
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July 27, 2017, 06:17:20 PM
 #126

There is a new cryptocurrency Foodcoin (FdC).

It is a payment tool for foodcoin ecosystem, which operates at the restaurants, cafes, all services of 1000Ecofarms platform (the platform works since 2014), farmer’s markets and etc. It is very useful payment tool for international food and agricultural business activity.

If you’re interested, you can read more about it here https://www.foodcoin.io/
WEB slicer
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July 27, 2017, 07:50:45 PM
 #127

BTC gradually, tends to increase. Occasionally even if the exchange rate is change, since its inception till now increment is noticeable. In my opinion, on some countries officially creation of active use with BTC shows the increasing of its value. If it is not an unexpected event the next 3-5 years noticeable increase on 5-10 times. Also, on former past work stoppage of many coins of Poloniex resulted as people keep away from subcoin. Subcoin also well-known and has potential to increase on future. But BTC already is certified. Maybe seperately they can contunie their activity.


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fedmahnkassad
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July 27, 2017, 08:26:50 PM
 #128

There will be a project eventually that surpasses bitcoin's market cap. The recent events have shown that bitcoin is too dependent on miners and is nothing closed to decentralized. My bet is that other consensus mechanisms will emerge victorious eventually. Bitcoin will not kill alts for sure. One must be a very narrow minded person to believe that.
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July 27, 2017, 08:37:23 PM
 #129

Probably not. Different altcoins, such as Tezos and EOS just raised $200m+. This will keep their development up for years, and will make a more sophisticated product eventually. Bitcoin will not die, it will still be #1 coin by market cap, but mainly because of it being used as store of value / means of payment.

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July 27, 2017, 08:46:22 PM
 #130

Quote
Will bitcoin eventually kill Altcoin?
Yes, it will.
bongiu
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July 27, 2017, 08:49:12 PM
 #131

It won't kill Altcoins. The price of bitcoin's rising up so fast is merely due to speculation. Same thing happens with altcoins but in a lower scale.
Seansky
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July 27, 2017, 09:44:26 PM
 #132

Yes, it will.
~Snipped~
No it wont kill altcoin, they would co-exist with each other just like what we are seeing right now on usd and other fiat currencies. Don't just base your judgment if bitcoin can really kill altcoins or not on charts alone because charts only tells the past price movements, not developments. Instead of saying that bitcoin can eventually kill altcoin, Ill say it the other way around. Altcoin might eventually kill bitcoin but the chance of it happening is so low.
novhitadaloma
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July 28, 2017, 02:00:54 AM
 #133

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .

Not all altcoins are inversely proportional to bitcoin. Da altcoin which follows bitcoin prices such as ethereum, namecoin, litecoin, NVC and PPC. The example of altcoin I mentioned has long been learned and consistently altcoin above always follow the fluctuation of bitcoin price.

Bitcoin and altcoin are two interrelated elements, the factor that bits the bitcoin up in a duct is the altcoin that always sustains it from below. Even I think if there is no altcoin, maybe a bitcoin will die.
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July 28, 2017, 02:09:29 AM
 #134

Most of them, but I think in the end some will survive. There are some technologies that may be difficult to implement in Bitcoin, and some of these alts can work as a good hedge.
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July 28, 2017, 02:20:26 AM
 #135

Bitcoin will eventually kill Altcoin? I really do not believe that it will going to happen before or even after August 1st. Bitcoin and altcoin are growing so fast then you are saying that eventually bitcoin will kill altcoin? I don't think so.

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Sarah08
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July 28, 2017, 02:27:19 AM
 #136

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .
There are so many altcoins in the market and most of the altcoins are dead coin and dump in the market still the bitcoin have a high narket value but i guess no way that bitvoin gonna kill alternative coin because i guess other altcoins also have a successful token and there are a lot of altcoins.
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July 28, 2017, 02:46:26 AM
 #137

It's mix sometimes majority of the altcoins went down sometimes went up or just stay so it's not a definite trend but most of the time altcoin do rise up also when Bitcoin rise up and it's good for the ecosystem..
I also see that it more a relationship happening on both Bitcoin and other altcoin where the development of one another is made possible by the mutual relationship. So Bitcoin killing alternative coin is not much likely to happen because they serve for one to another just like other currency which dollar serve as the universal one that makes sense on the trend on the market. And in the market most of altcoin depends its price on Bitcoin so it is much more need each other to develop and progress.
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July 28, 2017, 04:43:12 AM
 #138

Most of the time it does, but there are some coins that will not

Yhup. Not all will be destroyed by bitcoin. But some of them maybe on bitcoin's side. We dont know what will happen in the future. But as far as I know, bitcoin will continue till 2020.
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July 28, 2017, 02:14:59 PM
 #139

I don't see that happening ever, the idea of cryptocurrencies derived when bitcoin was created. You will never know, you might find that if bitcoin was never created, the idea of cryptocurrencies would not exist. Bitcoin will always be the superior coin, any other coin created after it will always be inferior to it. Altcoins can be good but they can never be better than bitcoin.

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July 28, 2017, 02:32:28 PM
 #140

I don't see that happening ever, the idea of cryptocurrencies derived when bitcoin was created. You will never know, you might find that if bitcoin was never created, the idea of cryptocurrencies would not exist. Bitcoin will always be the superior coin, any other coin created after it will always be inferior to it. Altcoins can be good but they can never be better than bitcoin.
I agree with you, although still have altcoin potential when investing better than Bitcoin, but about the price and the stable can't compete with Bitcoin. Because investor altcoin are most speculator and they just want earning profit fast, when see a big loss they not care and sold out all balance for keep safe their money + marketcap small easy control by whales
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