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Author Topic: Do we Need Altcoin?  (Read 23619 times)
Chrystora123
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October 09, 2018, 10:30:34 PM
 #2921

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?
there's nothing wrong with Altcoin that pops up every day because after all the ICO project is business and business doesn't think of other competitors... and if asked do we still need Altcoins, the answer is, of course, we need it because it could just offset Bitcoin prices and give us lots of profits  Grin

It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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trofim21
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October 09, 2018, 10:34:26 PM
 #2922

Yes, we need Altky, but we need only those who have a very good product behind the back, which the world needs. I will give an example, today a promising company @swachhcoin conducts its sale. The project will pay people for their trash. At the moment there is a 10% bonus, you can buy coins by the end of October. I advise you to see the project.
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October 13, 2018, 01:07:33 PM
 #2923

Altcoins are definitely needed as an alternative to bitcoin. It creates a healthy Bitcoin competition. Most likely, if there was a monopoly in cryptocurrency, then the price of bitcoin would continue to grow. And to what extent the currency would rise so far is not known. Altcoins restrain growth by developing more interesting and promising projects.

altcoins arent created to compete with bitcoin or to provide alternatives. They're created mostly as tokens on a very specific network, on which bitcoin cant operate

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biletskiy
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October 14, 2018, 10:46:35 AM
 #2924

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?

Of course altcoins are needed in the cryptocurrency market. The question is how many. I think it might be a dump of altcoins if every company starts releasing their coins. I'm sure there must be some limit to the number of altcoins.         
ricatop
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October 14, 2018, 11:02:35 AM
 #2925

Of course, we need altcoins, but we don’t need such a number of meaningless coins that do not have any technology and do not carry any value

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xenomorphe1
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October 14, 2018, 11:08:12 AM
 #2926

Yes, altcoins are needed to differentiate a company from another one. And also to improve the blockchain technology. With only bitcoin, the improvement of the blockchain technology would be a lot slower.
vhns222
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October 14, 2018, 11:14:00 AM
 #2927

Yep sure we need and its good other coins and tokens are coming to maeket new users coming to crypto and with them new ideas so its normal they make new alts.

FosterEgan
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October 14, 2018, 02:37:28 PM
 #2928

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?
Everyone needs altcoins honestly, it is really important to invest somewhere you know shall end up being great. I am using:
PRG
ICX
LISK
And these are undoubtedly turning out to be excellent.
Blondoar
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October 14, 2018, 07:30:03 PM
 #2929

We need altcoins only to earn more money in a short time and more at the moment they have no use.
As a means of payment, they are also not very good, people are more likely to use bitcoin than altcoins.
But the only thing I don't like about bitcoin is that the transaction takes too long


you shouldnt be investing because you are, in every way, mentally inequipped. You think of this market as a get rich quick program, instead of a technical revolution. altcoins are needed because bitcoin cant operate on the ethereum network, or the sonm network, or stratis network, ... You look at buying altcoins as buying bitcoin clones that havent mooned yet, like a gambler who won some money from the lottery and is now gonna try his luck at the slot machines. I can tell you right now you're not an investor because you dont have the slightest clue what you're dealing with.

Cocoincos
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October 14, 2018, 07:41:11 PM
 #2930

of course, altcoin could be useful as currency of some big companies in the world, but for now not much people joining to crypto, it is early to dream about it
AnnaGeraMsk
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October 14, 2018, 08:05:38 PM
 #2931

I think here the author of this post needs to analyze the securities market and stocks, since you can say the same about them, but do we need company shares .....
biznes35
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October 16, 2018, 08:00:05 AM
 #2932

I believe that altcoins are an appendicitis in the General system. At the moment, while the infrastructure is developing, there is a need for them, then it will be just a simple memory of the old days.
labuan
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October 16, 2018, 08:16:37 AM
 #2933

Of course, altcoin is very profitable and will make our money up to 2x-3x. So i believe in altcoin because altcoin is more cheap than bitcoin with better project, so i invest my money on ethereum every month, and i sughest you to investnyour money to some altcoin you believe right now.
xbudahx
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October 16, 2018, 08:20:48 AM
 #2934

I think here the author of this post needs to analyze the securities market and stocks, since you can say the same about them, but do we need company shares .....
You are absolutely right if tokens would give investors the right to receive a share of permanent profits in a project, then cryptocurrencies would develop at a very fast pace and tokens would be a very popular asset.
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October 16, 2018, 08:26:06 AM
 #2935

The emergence of new cryptocurrencies creates a healthy competition to Bitcoin, ETH and other popular coins. But competition is always good for business.
MrVuuu
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October 16, 2018, 08:30:55 AM
 #2936

I think we need altcoins, but not as much as they are now. 2-3 altcoins are enough. For example, ethereum and neo
OnceTwiceThird
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October 16, 2018, 08:35:02 AM
 #2937

We always need altcoin because by altcoin we can take much profit with trade or invest, by altcoin we can take more than 100% of profit because altcoin could growing up more higher than bitcoin, maybe change price of bitcoin only 10% is more higher.
globpanels
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October 16, 2018, 08:37:39 AM
 #2938

depends, new or old Altcoin whether it will benefit you or not, if so it will give a lot of results and whether it has great potential and promise so it can be profitable. indeed bitcoin is the best coin but there are altcoins that can cover the lack of Bitcoin, not all Altcoins are bad if you can understand about koinya, in my opinion it still needs it for long-term investment and low prices do not require large capita
320hz
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October 16, 2018, 08:40:01 AM
 #2939

I think we need altcoins, but not as much as they are now. 2-3 altcoins are enough. For example, ethereum and neo
ETH and NEO have a similar product. I think that ETH will be enough. But I am also sure that other interesting coins will survive. For example, Monero, Ripple, LTC.
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October 16, 2018, 08:41:50 AM
 #2940

In my opinion are needed. The blockchain technology is actively developing. And good work projects are being created that we will actively use in the future. Not one Bitcoin this technology is limited. Bitcoin is paramount, but not everything.
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