hatshepsut93
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June 08, 2017, 07:41:03 PM |
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Just like there are many assets, currencies, and precious commodities in the real world, there will always be many different coins in crypto world. Many coins that exist today will die, many new appear, but Bitcoin (or some altcoin) will never be the only cryptocurrency. There's no benefits in having just one crypto coin, while having many creates competition between developers that will make them work harder, users will always have access to reserve cryptocurrency if one of them gets hacked/overtaken by someone, etc.
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phr0stbyt3
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June 08, 2017, 07:51:45 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
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kryptqnick
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June 08, 2017, 08:28:09 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
Well, I can't say altcoins are really on top. I guess the big prices are mostly due to traders and some big companies' support. I guess the only thing where alts are used is trading among altcoins. The problem is that for a coin to be really good it needs to be used to buy some actual goods, not other coins. And this is a rather dangerous fact which we try to ignore. Btc dominance is still there, because at least it is really used on markets. |
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Vikingr
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June 08, 2017, 09:10:00 PM |
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It all depend on their work. If they will work like a currency and they will provide some benefits to the people like bitcoin is giving the benefits and if these altcoins will be used for different services and some online shops will come to adopt these altcoins then they have the chance to survive for longer.
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stergium
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June 08, 2017, 09:16:39 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
Well, I can't say altcoins are really on top. I guess the big prices are mostly due to traders and some big companies' support. I guess the only thing where alts are used is trading among altcoins. The problem is that for a coin to be really good it needs to be used to buy some actual goods, not other coins. And this is a rather dangerous fact which we try to ignore. Btc dominance is still there, because at least it is really used on markets. there is no doubt about bitcoin that bitcoin will service for even, but about altcoin i will like to add that there are some altcoin, who have good potential and people even like to invest their money there so they have also chance to survive for a long time. i am sure that a time will come when people will be totally depending on bitcoin and therefore i can say that bitcoin as well as some altcoin will surely survive. |
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FLoving
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June 08, 2017, 09:24:45 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
Well, I can't say altcoins are really on top. I guess the big prices are mostly due to traders and some big companies' support. I guess the only thing where alts are used is trading among altcoins. The problem is that for a coin to be really good it needs to be used to buy some actual goods, not other coins. And this is a rather dangerous fact which we try to ignore. Btc dominance is still there, because at least it is really used on markets. there is no doubt about bitcoin that bitcoin will service for even, but about altcoin i will like to add that there are some altcoin, who have good potential and people even like to invest their money there so they have also chance to survive for a long time. i am sure that a time will come when people will be totally depending on bitcoin and therefore i can say that bitcoin as well as some altcoin will surely survive. Yes there are some coins which really I felt that they have a good potential to increase in price especially those coins whose developers are working for their coins actively. For example a few coins when start their promotion on the forum then they get some fame in the forum and people start to invest in that coin and the price of it start to increase from that point. |
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Shenzou
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June 08, 2017, 11:07:28 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
Well, I can't say altcoins are really on top. I guess the big prices are mostly due to traders and some big companies' support. I guess the only thing where alts are used is trading among altcoins. The problem is that for a coin to be really good it needs to be used to buy some actual goods, not other coins. And this is a rather dangerous fact which we try to ignore. Btc dominance is still there, because at least it is really used on markets. there is no doubt about bitcoin that bitcoin will service for even, but about altcoin i will like to add that there are some altcoin, who have good potential and people even like to invest their money there so they have also chance to survive for a long time. i am sure that a time will come when people will be totally depending on bitcoin and therefore i can say that bitcoin as well as some altcoin will surely survive. Yes there are some coins which really I felt that they have a good potential to increase in price especially those coins whose developers are working for their coins actively. For example a few coins when start their promotion on the forum then they get some fame in the forum and people start to invest in that coin and the price of it start to increase from that point. I agree many people right with the current probelms that bitcoin faces like the transaction fees and the downtime for them to get completed, are looking for an alternative ways espacillly the traders and gmabelrs wich are the ones that are affected the most that is why the coins which are belwo bitcoin and still popular are having theirchance right now and if they prove worth they may reach high prices in the future whci will make them reiable. |
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deisik
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June 09, 2017, 04:36:49 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
That's outright bullshit And people talking like this just reveal how incompetent they are since this reduction of 22 p.p. is measured as the change in the total market cap, the metric which is there just to distinguish between dumb and smart people. It is basically the same with percentages, if some coin has risen 1,000 percent while Bitcoin only 100 percent, that doesn't in the least mean that the former is 10 times better than the latter. You talk about pump and dump, but you obviously fail to see that this is even more applicable to altcoins, which get pumped and dumped like there's no tomorrow (as is often the case). The only reliable metric here is how much money (fiat) gets actually poured into a certain coin (in absolute terms), everything else is trickery, cheating and fiddling with numbers |
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izanagi narukami
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June 09, 2017, 04:40:42 PM |
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I think bitcoin's chance to survive are greater than altcoin since they are made from bitcoin's code
But for overall , crypto currency world is a world that full of unpredictable things so whenever you have chance for profit, just take it before it's too late
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jerry23
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June 09, 2017, 04:44:58 PM |
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Bitcoin vs altcoins, will they survive? of course yes altcoin is just depending on the bitcoin it is obviously in the some exchangers, but if the bitcoin goes down altcoins will absolutely down also cause as i said altcoin is depending on bitcoin value.
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fullypak
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June 09, 2017, 05:42:21 PM |
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Bitcoin vs altcoins, will they survive? of course yes altcoin is just depending on the bitcoin it is obviously in the some exchangers, but if the bitcoin goes down altcoins will absolutely down also cause as I said altcoin is depending on bitcoin value.
Bitcoin is the king for all altcoins if the price of the bitcoin goes down then automatically the altcoins price go down. But before we had only one big digital currency it was bitcoin. Now we have many alternative digital currencies. Eth is the very quick growing currency in altcoins. It crossed $250. So in coming days, Eth will become popular like bitcoin. |
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eternalgloom
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June 09, 2017, 05:50:36 PM |
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It's hard as altcoins are surely on it's top right now , people used to pump dump btc now but now btc doesn't even matter and the btc dominance has also reduced from like 70% in starting of this year to what 48% or something. Even though we see the rise of altcoins many investors still trust because as dumping it would take a lot of time and plus there are way more people interested to invest in bitcoin than alts
I wouldn't say that Bitcoin doesn't matter anymore, if your numbers are correct, 48% Bitcoin dominance (48% of total market cap I assume), then it's still 48% versus 52% of marketcap of all other altcoins. I'd still call Bitcoin dominant. And there are still more people interested in investing in Bitcoin than altcoins, just look at mainstream news articles, 9 out of 10 talk about Bitcoin exclusively, maybe a few mention Ethereum. |
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pearlmen
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June 09, 2017, 05:58:22 PM |
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I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?
What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)
And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.
In the case of bitcoin, there is no doubt that it has stayed long-term the sane with ETH however, when a coin will stay that long, there is always some unique characteristics that it will display which will give it that push to the long-term. I agree that not all alt will fall into this category as quick look into the alt section is enough proof of that. For me, I take into consideration the prospect as well as the team and the various review that we see here before deciding which one to hold long-term. |
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Ucy
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June 09, 2017, 05:59:19 PM |
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Why not. Bitcoin will definitely survive. Some Altcoin will.. especially those with great potentials. Ethereum could even do better than Bitcoin.
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JohnBitCo
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June 09, 2017, 06:15:52 PM |
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Just like there are many assets, currencies, and precious commodities in the real world, there will always be many different coins in crypto world. Many coins that exist today will die, many new appear, but Bitcoin (or some altcoin) will never be the only cryptocurrency. There's no benefits in having just one crypto coin, while having many creates competition between developers that will make them work harder, users will always have access to reserve cryptocurrency if one of them gets hacked/overtaken by someone, etc.
Bitcoin and altcoins both are necessary for the digital world and we cant deny the benefit of the either one. I think both bitcoin and altcoin will together take over fiat and make this a real digital world. |
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dunfida
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June 09, 2017, 06:27:55 PM |
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Just like there are many assets, currencies, and precious commodities in the real world, there will always be many different coins in crypto world. Many coins that exist today will die, many new appear, but Bitcoin (or some altcoin) will never be the only cryptocurrency. There's no benefits in having just one crypto coin, while having many creates competition between developers that will make them work harder, users will always have access to reserve cryptocurrency if one of them gets hacked/overtaken by someone, etc.
Bitcoin and altcoins both are necessary for the digital world and we cant deny the benefit of the either one. I think both bitcoin and altcoin will together take over fiat and make this a real digital world. No it wont surpass or take over fiat anytime soon no matter how much they would progress later on they might contribute big innovations on financial system and transactions online but telling that they would fiat currency then it would really be an impossible thing.Bitcoin and altcoin will definitely survive as long there are users who do bought and make use of it. |
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Visin
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June 10, 2017, 01:14:02 AM |
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It all depend on their work. If they will work like a currency and they will provide some benefits to the people like bitcoin is giving the benefits and if these altcoins will be used for different services and some online shops will come to adopt these altcoins then they have the chance to survive for longer.
I agree, most Altcoins that are on CoinMarketCap don’t really state what the coin does –it just has the name of the coin on there plus the price or volume so people can trade it for Bitcoin. There’s a bunch of Altcoins that people can try to use for specific purposes that allows people to get certain discounts on items and it allows the whole Bitcoin network to grow without messing up the price of Bitcoin so much. |
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aeternus
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June 10, 2017, 03:32:30 AM |
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The problem with the comparison you are making is that bitcoin is a single coin while altcoins are several hundreds different coins, with different developer teams and different philosophies, so it is obvious some altcoins are going to survive but not all of them.
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n0ne
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June 10, 2017, 03:40:56 AM |
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The problem with the comparison you are making is that bitcoin is a single coin while altcoins are several hundreds different coins, with different developer teams and different philosophies, so it is obvious some altcoins are going to survive but not all of them.
As mentioned the altcoins that we've got for trading and other transaction purposes were quite high and was developed for varying needs. At the same bitcoin is the start and the single coin that competes with the entire altcoins. Based on the fact I hope bitcoin and altcoins will survive long without getting devalued as more people are getting into it. |
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De Suga09
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June 10, 2017, 04:03:15 AM |
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I think they will survive, because they're offering something else that bitcoin doesn't. Some are more anonymous, some are faster, some offer better investment opportunities, some are better for trading i.e. more volatile. Bitcoin can go its own way and altcoins will have their own.
In 5 years bitcoin could become very stable and traders will look for something new. Also, don't forget about ICO investors. Some people are making huge money on new altcoins.
I guess bitcoin will not die at this point it is already so successful and already all over the globe a lot of people are using it but it is also a chance getting hack altscoins only is just going in the circulation in the market so i guess it will continue growing price and will not die also. |
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