How to keep altcoins/crypto alive

[clardalan]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

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[malami]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

Your concern is very much valid and in my opinion the only way to get a secure #1 is for a scaling solution to be accepted by the whole community like right now. Otherwise ethereum will overtake bitcoin very soon.

[kaijialex]

I see Bitcoin as Digital gold, it preserve wealth in time of uncertainty, so I think Bitcoin will always be the leader. ETH had a huge run on a very short period of time, no one knows how long it will last, but I doubt it will be bigger than Bitcoin.

[KennyR]

To have a good and being active in the usage of bitcoin, it's always good to use the bitcoin as well the other altcoins in the much better way possible. That can be through trading or other forms of transactions. The more we use more will be the long living of bitcoin.

[Pursuer]

now, I see other coins start growing a lot.

lets make one thing clear by grow you mean their prices go higher which is known as a pump.
apart from that there is no adoption, or usage for them. they have many issues, bugs, exploits, low security, and scaling problems.

My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto.

what is your reason for thinking that?

First question I have: would you agree with this concern?

No!

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

the question is what can even challenge bitcoin's #1 position as a decentralized digital peer to peer cash? these are the attributes that you need to look at no just the price or market cap.

[shamzblueworld]

I think first bitcoin needs to address its core issues that are driving people away from it, high fees and delayed transactions are certainly a problem that needs to be solved for it to remain its stature at no#1 crypto. Otherwise, I feel currencies like Ethereum can easily topple the rank, but lets see.

[freeyourmind]

I think first bitcoin needs to address its core issues that are driving people away from it, high fees and delayed transactions are certainly a problem that needs to be solved for it to remain its stature at no#1 crypto. Otherwise, I feel currencies like Ethereum can easily topple the rank, but lets see.

Bitcoin is thriving on its popularity.  It's the most well known, even in the somewhat mainstream.  But the computations and processing that miners do, doesn't have an actual purpose.  It is using energy to make transactions happen and that's it.  Ethereum and other cryptos can have purpose behind the computations/processing, and I would think as time goes, the most functional crypto that is able to use energy efficiently will become more popular as cryptos mature past this infancy stage we're in (at least I consider it to be).

[iamTom123]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

Your concern is very much valid and in my opinion the only way to get a secure #1 is for a scaling solution to be accepted by the whole community like right now. Otherwise ethereum will overtake bitcoin very soon.

I believe that eventually Ethereum can possible take the number spot occupied by Bitcoin right now. That is, even if the scalability problem of Bitcoin can be solved for good. That is why I have some Bitcoin and am now starting to also "invest" in Ethers as its value is really jumping by leaps and bounds and it is still cheap right now compared to Bitcoin.

[odolvlobo]

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

If you really care about the concept of stateless currency, then what does it matter which currency (or currencies)? Perhaps, you really care mostly about making a profit on your investment in Bitcoin.

[squatz1]

Well, here's the big thing with all of these cryptos at the moment bud. These cryptos are simply being pumped in order to make a select few amount of people very rich. That's the only thing that's happening right now  and these Cryptos aren't being used for anything besides trading and pumping.

That's the main difference which I see between Bitcoin and the Altcoins, BTC actually has a usage and is being used by people everyday-- while people are simply only trading these shitty coins. Some of the coins don't get me wrong have some wonderful technology behind them but that's going to be all they have.

Altcoins are going to die at some point, BTC is always going to stay at #1 so you're not going to have to worry in the least bud.

[franky1]

bitcoin will only remain number 1 if
merchant services (bitpay/coinbase) stick with only offering bitcoin as the 'we accept' payment network for the hundreds of thousands of merchants around the world.

price is meaningless/temporary drama.. but if the merchant adoption flips over to another coin due to the payment processor (shoppingcart API services) then bitcoin will lose its number 1 status

[Kakmakr]

Bitcoin will be the "go to coin" for many years, because it was the original and first real Crypto currency. The Alt coins are doing better, but most of that are pushed by hype. Let's take Ethereum for example:
It has centralized control <Foundation> and it has no coin cap and it had the DAO decision and it has legal issues, but people are still crazy enough to buy it. Why? Because it is being blown up by speculators and hyped as the Bitcoin killer.

Bitcoin has no Foudation and founders and pre-mine and pre-token sales that goes with Ponzi scams. Why would you buy into that?

[avikz]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

First of all, I want to assure you that your first concern is actually not a concern to anyone. Bitcoin price can crash due to the normal rule of the market but it bitcoin network is based on public trust with over 48 billion market cap. So don't think much and keep investing in bitcoin. The price is still at a lower level and it has a huge potential to appreciate in future.

The answer above also addressed your second question. Bitcoin is the pioneer in crypto currency and its market cap is the highest. The closest rival is ETH with 33 billion market cap which is 15 billion less than bitcoin. Take it as an investment and save it for some more years.

[Thekool1s]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

Your concern is very much valid and in my opinion the only way to get a secure #1 is for a scaling solution to be accepted by the whole community like right now. Otherwise ethereum will overtake bitcoin very soon.

Ethereum has also yet to solve the scalability issue. The fees of ethereum are also hovering around 80 cent for each transaction. If the lightening network gets implemented in the coming years then there will be no stopping to bitcoin but it has yet to happen. The community needs to make up its mind for a single altcoin which can be used for day to day transactions or else we won't get any where.. Its just divide and conquer with so many altcoins out there

[isabella01]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

Everything you're saying is valid but you can not be completely certain with Bitcoin or any other altcoin. The world experiences financial impacts and influences every day and this would effect digital currency as a whole. I definitely agree with your concerns and to answer your second question - Bitcoin would need to stay relevent in the cryptocurrency world by implementing and evolving their blockchain technologies. Anything spontanious and innovative would do.

[~Bitcoin~]

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

Major crash ? Why ? Developers run away? There are lots of developers who are volunteering in the development of bitcoin from starting days and unlike other alts there are no any permanent developer for bitcoin.

Bitcoin network is already secure but if you are talking about price volatility than marketcap have to grow towards 1 trillion to have some stability on bitcoin price. 

[audaciousbeing]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

From the way I see it, bitcoin position is not threatened under any circumstances because of the fact that bitcoin has grown so big that a community needs to agree on any course of action go be pursued regarding it so there is no issue of developers eloping on bitcoin. Another again is that those alt you see gaining momentum wouldn't have survived on their own if bitcoin had not created such opportunity for them to flourish.

[Red-Apple]

Hi guys,

I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.

now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?

Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.

Your concern is very much valid and in my opinion the only way to get a secure #1 is for a scaling solution to be accepted by the whole community like right now. Otherwise ethereum will overtake bitcoin very soon.

Ethereum has also yet to solve the scalability issue. The fees of ethereum are also hovering around 80 cent for each transaction. If the lightening network gets implemented in the coming years then there will be no stopping to bitcoin but it has yet to happen. The community needs to make up its mind for a single altcoin which can be used for day to day transactions or else we won't get any where.. Its just divide and conquer with so many altcoins out there

LOL, it used to be 80 cents about a couple of weeks ago now it is twice that amount around 1.4 dollar to $1.5 on average for each transaction. you can go to bitcoininfocharts website and see all the different altcoins and their transaction fees.

[MissGrey]

I don't think so, I know that Bitcoin have some weaknesses and these must be resolved, but Bitcoin will remain #1 in the crypto world because of the fact that Btc has begun all this. If the scalability problem gets solved I guess that  Btc will be the #1 "secure" as you say.