Bitcoin making alts useless

[raven7886]

Bitcoin will always be the king of the crypto currency world. This will continue for a long time. Altcoins aren't as strong as Bitcoin.

Saying "Strong" - you mean expensive? He fall from $20K, where is "strength"?
I guess he can be called "King" because he is founder of cryptos and he's respected. But as many kings, in practical life he can be most useless.

Oh please, That is a stale story. Which of the coins in the market was not affected except for some bullshit coin that was just pumped ? Let it get to $0, and then we can say there is no more strength for bitcoin. Bitcoin started an uptrend from less than $1000 last year and got to over $19000 and now testing bottom at $6000.

Maybe you need to go to the books and get some history lesson on bitcoin. Because there is a downtrend now, that makes bitcoin weak right ? If it is by that, and the altcoin market decided to follow the trend as well, then that really makes them weaker and even more useless. Save me the strength story please.

[BartS]

I think you're not exactly right. Many altcoins are unique, and have the functionality that bitcoin does not have. For example-Ethereum, it has smart contracts that are not yet provided for in bitcoin. Monero - it gives you the anonymity that can give bitcoin etc.

But those are some of the best alts out there, there are many alts that are not special at all and are only there to make money, they may try to fake it and say they have better technology than an established coin but most of the time that is not true, so while some alts are making great advances in their vision and technology most alts are not like that and the only thing you can do with them is to speculate with their prices, this is why you see many coins pumping once and then never recovering its previous glory.

[BTCMILLIONAIRE]

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

I'm personally not in alts for "Bitcoin replacements", but from a perspective of a equity. With LN and Rootstock there will be little reason to use random platforms over Bitcoin itself. So if equity type coins end up on the Bitcoin blockchain I'll just shift my altcoin portfolio over. I just hope that we won't get to a point where KYC will be built-in. I don't want my finances to be out in public.

[lutcor]

Today this is exactly what happens, because bitcoin takes a dominant position in the crypto currency, if it loses its positions, then the altcoins will be free, but I still hope that this will not happen soon.

[BTCMILLIONAIRE]

Today this is exactly what happens, because bitcoin takes a dominant position in the crypto currency, if it loses its positions, then the altcoins will be free, but I still hope that this will not happen soon.

If you had read the OP you would've known by now that the price is not a measure of success. Prices going down doesn't mean that altcoins are useless. We're just seeing natural market movements right now.

[bskousen]

No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.

[BTCMILLIONAIRE]

No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.

Yes, for now, and only for niche settings. And this is bound to rapidly change with LN, RS, and other implementations. That's what this thread is about.

[kakawin]

No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.

Yes, for now, and only for niche settings. And this is bound to rapidly change with LN, RS, and other implementations. That's what this thread is about.

Ethereum also announced many changes that will raise its value in the near future. There are other altcoins that will definitely live in the coming years.

[Spaffin]

I absolutely disagree with the statement that if there is bitcoin, then altcoyins are useless. Such a statement is unambiguously incorrect. Bitcoin is a universal coin that can not perform a variety of functions in different areas of our lives and perform the work that various altcoys are doing. Bitcoin now can not even cope fully with its small and few functions. The main role for man even now is not done by bitcoin, but altcoyins. Therefore, their diversity needs to be increased in the future, and the ICO should be supported unequivocally despite some shortcomings and risks for investors.

[coolcountry]

Pretty much everyone agrees that bitcoin is making other coins useless. Bitcoin is the poster child of cryptocurrencies, which allows other coins to thrive as well. Altcoins' success may be tied to bitcoin's performance, but that doesn't make altcoins useless at all.

[HerrHeimlich]

I don't think Bitcoin is making alts useless, but it definitely impacts the success. Overall, if many people adopt certain alt coins then they aren't going to want to switch back when BTC gets it's stuff together. They will already be invested in the alts that they have become familiar with.

[Obi2024]

Bitcoin cannot make alts useles in my opinion, there are some alts that will die completely or become useless, yes, but there are some good alts with very good use cases which can do very well without Bitcoin.
2018 for me will be about delivery on use cases and providing real life solutions

[BTCMILLIONAIRE]

No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.

Yes, for now, and only for niche settings. And this is bound to rapidly change with LN, RS, and other implementations. That's what this thread is about.

Ethereum also announced many changes that will raise its value in the near future. There are other altcoins that will definitely live in the coming years.

What is Ethereum supposed to get other than faster transactions and POS?

[X-avier]

I think 2018-2019 will die out about 90% of the coins from the market forever, and it will start this summer, perhaps in the fall, I believe in bitcoin as the most reliable asset let everyone say it's old, like a dinosaur slow and everything else, but it still remains the most popular!

[Snaic]

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

I would not say that bitcoin is developing now and it is developing super actively. While everything is happening on the contrary, bitcoin has accumulated a lot of shortcomings, has become slow in the conduct of transactions, they in many cases hang, and commission fees have long been too high.

As for the altcoins, they are generally much more useful than our esteemed bitcoin. Bitcoin does not have those specific functions that the altcoyins can perform and perform.

[akram143]

I think 2018-2019 will die out about 90% of the coins from the market forever, and it will start this summer, perhaps in the fall, I believe in bitcoin as the most reliable asset let everyone say it's old, like a dinosaur slow and everything else, but it still remains the most popular!

My opinion is each and every alts has its unique features so no one can judge crypto currencies it is the plus and also minus point of it but bitcoin cannot stops the development of alts so investing is depends on each and every investors .

[kram31]

Bitcoin popularity is the best this coin have now, the demand continue to blow but the supply is really low that is why people loving to hold this more and longer.
Altcoins are depending o bitcoin in terms of price, even they have dollar value, still it depends on how many satoshi it cost.
Maybe there are alot of alts that is better than bitcoin but the popularity will remain on this BTC.
Hope to see some alts to overcome bitcoin popularity sooner.

[marados]

Bitcoin had a big retracement not that long ago, when we saw whole market cap drop. And since it is still Bitcoin that we are talking about, he will definetly make his way up first, but don't worry shortly all alts will start to raise. Before that dip, we had a great price raise in altcoins, while even Bitcoin wasn't doing that great, so now it is time for opposite. But just be patient, altcoins will raise shortly.

[BitCare]

Note, that not every alts are useless. Some of them are using inside platform for services payouts. But alts which want to kill bitcoin and become the star of cryptoworld, they will die or drop to zero value.
The strongest will survive, but another will die. Market can't have a lot of leaders.

[bananadines]

Currently Bitcoin is destroying the most coins because the price is going up. Maybe they will drop some more in the next time but it is a good chance to buy some coins at low levels.