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Author Topic: Bitcoin or Altcoin?  (Read 4223 times)
anneiS_02
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June 10, 2017, 05:55:14 AM
 #1

While Bitcoin there are a few scaling options, it appears that a number of Bitcoin investors have been switching to Altcoins, and may not switch back to Bitcoins any time soon .
What will happen if investors continuously switch to altcoins? Will bitcoin crash ?
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June 10, 2017, 06:10:48 AM
 #2

the question is switch to altcoins for what?

for a better security? Hah, you wish.
for a better code? not really.
for a better developers team (as far as coding is concerned)? again no
for a more peer reviewed and bug free code? absolutely not!
for cheaper transactions? not really, because the only time they use it is when they send coins to and from exchanges to trade them!

for usage as a currency? obviously not, there is no where to spend majority of altcoins and only a couple of them such as litecoin have some use cases which not that many uses.

so i ask the question again: why would they switch to altcoins?
the answer is simple: because altcoins are rising more because of their pumps and also because many are caught up in the hype and all the advertisement they hear about how good XYZcoin is. and they miss the fact that most of them are broken, the top ones have terrible scaling issue and are heading to a much higher transaction fees than bitcoin has or will have.
and you know what, when the altcoin dumpings started you'll see how many will stick around.

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June 10, 2017, 07:09:17 AM
 #3

I don't think so, although there are a lot of investors have swiched to Altcoins but Bitcoin is still there, its community still grows up and so that, Bitcoin may not crash
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June 10, 2017, 07:17:16 AM
 #4

I think some altcoin will replace bitcoin in the future, this is a very young world, and alts have many new and novel implementations, it would be good to keep a percentage in bitcoin and invest in other alts
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June 10, 2017, 07:19:52 AM
 #5

I think we should just stick to Bitcoin for now and update it with the necessary fixes.

Best way to make profit now is to buy Bitcoin and trade it with Altcoins. That can make you a lot of money.
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June 10, 2017, 07:26:12 AM
 #6

As Pooya87 mentioned, I don't see why we should switch to altcoins...

At first sight, altcoins might look like better versions of bitcoin, but they all have their disadvantages and I'm not sure if we should just all turn all our Bitcoins into a certain altcoin... If we do, I want to be the first though, as I'll be rich then! Shocked

Anyways, multiple problems Bitcoin has should be fixed soon with updates like Segwit, ETC!
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June 10, 2017, 07:27:39 AM
 #7

While Bitcoin there are a few scaling options, it appears that a number of Bitcoin investors have been switching to Altcoins, and may not switch back to Bitcoins any time soon .
What will happen if investors continuously switch to altcoins? Will bitcoin crash ?

Those are fools who leave behind Bitcoins for alts, they are called alts for a reason. Nothing will happen to Bitcoin but these investors shall loose their money and shall go bankrupt trying to regain their lost money. Look at the alt coin history, how many of them last, Bitcoin has stood the test of time and will always be standing strong. I would advise you to ignore the alts only stay focused on Bitcoins, just cause of a handful investors going away it won't crash.

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June 10, 2017, 07:27:43 AM
 #8

for a better security? Hah, you wish.
Depends what altcoin you're talking about.  This is about altcoins becoming bigger, and when some of them basically copy Bitcoin's security systems anyway, they can be pretty secure.
Quote from: pooya87
for a more peer reviewed and bug free code? absolutely not!
Obviously Bitcoin is the most "matured" cryptocurrency so to speak - but this doesn't mean the code has to be bad.  The code will get better as more ex-Bitcoin users start to get involved (which they already are).
Quote from: pooya87
for cheaper transactions? not really, because the only time they use it is when they send coins to and from exchanges to trade them!
Completely unrelated points.  Transactions are still cheaper in many alts.  The question is more about whether they would withstand the pressure of having as many transactions as Bitcoin.

The problem is that you're looking at current problems with some alts, which results in a lot of vague arguments.  You need to look at arguments for the future of Bitcoin instead.  Bitcoin is not just automatically great all the time.
 

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June 10, 2017, 07:31:11 AM
 #9

I think some altcoin will replace bitcoin in the future, this is a very young world, and alts have many new and novel implementations, it would be good to keep a percentage in bitcoin and invest in other alts
I think so, some Altcoins will rise up and replace Bitcoin in the future but it will happen in a far future because Bitcoin is really difficult to be replaced now
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June 10, 2017, 07:32:22 AM
 #10

Anyways, multiple problems Bitcoin has should be fixed soon with updates like Segwit, ETC!

The problems with Bitcoin will remain for the near future. There is still no consensus between the users and the miners, and proposals such as SegWit is not supported by a large section of the miners. Either Bitcoin will grow despite these issues, or it will die a natural death.

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June 10, 2017, 07:34:24 AM
 #11

The problem is that you're looking at current problems with some alts, which results in a lot of vague arguments.  You need to look at arguments for the future of Bitcoin instead.  Bitcoin is not just automatically great all the time.

Bitcoin is not great all the time and, while it tries to fix the issues, this happens very slowly.
That's why actually diversifying your portfolio, whether you trade of hold, is not a bad idea at all.
And that's what I expect many do now.

Although this doesn't explain the pump of ... some altcoins...





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June 10, 2017, 07:37:53 AM
 #12

For now, I would prefer Bitcoin then Altcoins because its price is high and I believe that it will rise up higher so that I  can earn a better profit
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June 10, 2017, 07:45:23 AM
 #13

Both.. Bitcoin and Altcoin Smiley
Some altcoin  has really grate idea behind it, so some altcoins has really grate future..
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June 10, 2017, 07:55:20 AM
 #14

Yes, I agree that many bitcoin holders are giving a try to the alt coin investments but to be honest, I don't think it is something that will be any kind of threat to the existence of the bitcoin. Bitcoin is still the best and most used crypto currency and it will continue to grow in the coming years. I don't see any altcoin at this moment that has potential to surpass bitcoin's level in terms of the user base or price.
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June 10, 2017, 08:01:34 AM
 #15

No i think,no matter how many of big investors switched to altcoin trading bitcoin trading support will never be empty and will never be dead,they will be still in bitcoins too but in a different way.Bitcoins will just be their partial payment method for altcoins

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June 10, 2017, 08:07:32 AM
 #16

No i think,no matter how many of big investors switched to altcoin trading bitcoin trading support will never be empty and will never be dead,they will be still in bitcoins too but in a different way.Bitcoins will just be their partial payment method for altcoins

i am agree with you because i am sure that there are many big investors in bitcoin trading too and they giving support so the market will still make a good movement in down and up for the price. but some of them don't doing trading in the market, they only saving their market because they don't want to learn something in trading.

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June 10, 2017, 08:22:16 AM
 #17

I do think that some investors are moving away from bitcoin. And going to altcoins, However, this is temporary only. They will still go back to bitcoin ecosystem once the high transaction fee has been resolved. Until till, we can't deny that they are playing in the altcoin markets, pumping and dumping any coins they want.

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June 10, 2017, 08:31:39 AM
 #18

Bitcoin will not be crushed cause of altcoins. There are investors who have switched on altcoins already, but at the same time the number of bitcoin investors is keep growing. You see, altcoins are interested mostly for people who haven't money and they invest in cheap alts with expectation that one day it will also cost 2000$ and up, but with little investment you loose little in the case if the plan doesn't come true.
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June 10, 2017, 08:53:40 AM
 #19

for a better security? Hah, you wish.
Depends what altcoin you're talking about.  This is about altcoins becoming bigger, and when some of them basically copy Bitcoin's security systems anyway, they can be pretty secure.
No. Stop posting bullshit for signature money. You can use the same algorithm as Bitcoin, but you would not have the same security. No altcoin even comes close to the security of Bitcoin.

for a more peer reviewed and bug free code? absolutely not!
Obviously Bitcoin is the most "matured" cryptocurrency so to speak - but this doesn't mean the code has to be bad.  The code will get better as more ex-Bitcoin users start to get involved (which they already are).
Bullshit again. The users have zero relevance to the quality of the code.

Bitcoin is not just automatically great all the time.
Actually it is. Stop promoting the scam coins because you are greedy.

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June 10, 2017, 08:55:49 AM
 #20

as far as I know, bitcoin is still the store value of most of the altcoins around. Even now that there are some issues in scaling, the community is still growing and the price still going up. Even if there is an influx of people going to altcoins, I think bitcoin will not crash.
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