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Author Topic: Do we Need Altcoin?  (Read 23617 times)
cryptopuma
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December 06, 2017, 11:55:40 AM
 #61

I am a scalper and trading alts is my daily routine to give me +10% of my portfolio everyday.

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December 06, 2017, 11:57:50 AM
 #62

Because 99% of them are glorified pump and dump schemes. Only 3-4 of them max will every find any applicable use in the next year or two. Look into the coins. Research, and you'll see the coins draw investors because of a particular set of features or unique utility. Asking why we "need" all of the coins is like asking, if you were an investor in the dotcom boom, why we needed Gmail when we had AOL.

Coins like LBC FLO SC SJCX all have uses beyond the coin themselves.
Answer this question: Why do we need Apple, Google, Facebook, Whisper, Kik, Slack etc, we already had IRC, MSN, ICQ etc?
And you will answer your own.
Lumberjack1935
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December 06, 2017, 11:59:15 AM
 #63

In my opinion we need altcoin to resell and buy bitcoin, this in a fast way of gain, another factor is the realization of several projects destined to several areas with different price and that moves the market.
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December 06, 2017, 12:00:14 PM
 #64

Bitcoin is fine. But there are plenty of other cryptos that offer so much, in some cases more than Bitcoin.
So yes, we need them.
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December 06, 2017, 12:01:49 PM
 #65

Of course you need. Altcoins help me to live well and not work for someone. I have more than 3 years do not work anywhere

Sand King
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December 06, 2017, 12:08:08 PM
 #66

Too many altcoinsssss
Off course it a yes, we need altcoins very much because there are still many good altcoins to invest for and we all know that as of know the price of bitcoin is almost $12k so it is very high unlike to altcoins that is very affordable to invest for and i am very sure that investing here in altloins is we can make many from it.

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December 06, 2017, 12:12:34 PM
 #67

In my opinion. Yes beacuse we are currently in a phase where we are heading to a new era which I think is called virtualera or internet era. I believe altcoins are necessary just like different fiat money because this would be their accepted payment.
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December 06, 2017, 12:16:03 PM
 #68

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?
if I am, obviously I really need altcoin because altcoin is a coin that is no less good with Bitcoin Cash and the like, altcoin is an amazing and very profitable coin.
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December 06, 2017, 12:17:01 PM
 #69

The existence of Altcoin has some value, first it is decentralization, second it can change our life completely, it can also be a kind of security transaction.

cryptopan
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December 06, 2017, 12:21:39 PM
 #70

If you are a trader its a compulsory,if you are a bag holder you dont need to buy a lot of alts you just need BTC.

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serguvan
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December 06, 2017, 12:21:53 PM
 #71

I agree that there a lot of altcoins, but I think altcoins make the way for great tech and innovations. Of course you have BTC, but alts have so much potential for different applications.
I agree. You can and will be able to use altcoins for variety of projects. They are specifically optimized for particular intended use. From advertising purposes to banking purposes. So they are must!
NeonXL
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December 06, 2017, 12:34:05 PM
 #72

It seems to me that you are confusing 1.Bitcoin HARDFORK and 2.ALTCOINS. Bitcoin Cash and Bitcoin Gold and B2X is a Bitcoin fork, they provide larger blocks. Altcoins are ETH, DASH, ZEC and etc, they provide features like full anonymity, smart-contracts and etc.

zarados
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December 06, 2017, 12:38:47 PM
 #73

Actually, it's like you asking 'do we need samsung while we have apple. The bitcoin is the first cryptocurrency, it's a trigger for created of another cryptocurrency. But as a first crypto, there should be still many flaws in it. On the other hand, there's a people or might be a group who want to create something better than bitcoin function, and then new crypto was born and we call it altcoin. And it's happening all the time. So yes, we need it as a comparison for its usability.
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December 06, 2017, 12:40:19 PM
 #74

I think so yes, i also believe that some Altcoins will survive and others won't. Some Altcoins are important for other ones to work for example Ethereum.
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December 06, 2017, 12:45:22 PM
 #75

Of course. We still need altcoin even though its value is not as big as bitcoin. Altcoin can be an alternative for us to invest. Altcoin will also give us an advantage.

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supermine
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December 06, 2017, 12:46:46 PM
 #76

Actually, it's like you asking 'do we need samsung while we have apple. The bitcoin is the first cryptocurrency, it's a trigger for created of another cryptocurrency. But as a first crypto, there should be still many flaws in it. On the other hand, there's a people or might be a group who want to create something better than bitcoin function, and then new crypto was born and we call it altcoin. And it's happening all the time. So yes, we need it as a comparison for its usability.

First we need to undrestand something the main reason of crypto currency is not profits it was found for safest online transactions because fiat currency transaction over internet was hackable.But bitcoin price keeps increasing due to its low availability so some people are creating altcoins less expensive which also provides the safe and secured online transation.Yeah so we need other altcoins too because crypto currency will be the future currency of the world so we need some other crypto currencies other than bitcoin.
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December 06, 2017, 12:54:39 PM
 #77

Yes we need it if we want to have more btc we should take what market gave to us,trading alts will give you a lot of profits if you know what you are doing.

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December 06, 2017, 01:17:52 PM
 #78

in search of an additional income we can also participate with altcoin is the same goal with bitcoin someone can not leave this altkoin because someone looking for a shortcut to earn more money ..
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December 06, 2017, 01:22:03 PM
 #79

Yes because, altcoins can help us and can be an alternative crypto aside form btc. Because altcoins give a help just oike btc, even though it is just the start and the value is not like btc, it really selled in the market like btc.
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December 06, 2017, 01:27:03 PM
 #80

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, 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.
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