WebTera
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Activity: 322
Merit: 10
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September 22, 2018, 03:10:47 PM |
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I do not know a single coin that is superior to bitcoin in its technology. Although I have studied the altcoins market quite well. Therefore, there is no reason to worry, no one will budge bitcoin.
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Pyr3x
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September 22, 2018, 03:23:06 PM |
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No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
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OpenCryptoSystem
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September 22, 2018, 03:31:05 PM |
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No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
This is true !! Too many web merchants accept bitcoins too Until we dont see other coins will be more used or accepted by merchants then the bitcoin will be number one. But what will be second good coin ? Bitcoin cash? Litecoin ? Ripple ? Ethereum ? I have feeling like eth will go far |
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qumeijia
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September 22, 2018, 03:41:59 PM |
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It is not impact to Bitcoin existence because bitcoin is different from Altcoins. It was created with very good foundations and methods that can not be adopted by Bltcoins. Bitcoin has its own price and it is not influence by Altcoins. Its price depends on the holders and panic sells also contribute to a sudden price of Bitcoin. Therefore, it is no matter how many coins are coming everyday, Bitcoin will grow independently.
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suvo05
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September 22, 2018, 04:40:00 PM |
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No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
All of the altcoins whatever it maybe it's price depends very much on the bitcoin price. It is very important that there should be some good coins around. If too much coin will bring too shit coin in the market then will be a trust issue on the cryptocoin market. And if there is some really good coin having a quality to overtake bitcoin then that will also be good, but that will not have that much power by which the existence of bitcoin could become unstable. Because it that was the case then the shitcoin would have vanish from the market due to dominance of bitcoin itself. |
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Satish147
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Harmony for One and All
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September 22, 2018, 04:45:12 PM |
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More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
In my opinion they can't because if we observe the recent announcement made by SEC is Bitcoin and Ethereum only will come under non security tokens and all other ICO tokens will come under definition of security tokens. This ICO scheme is pure form of raising capital through tokens and the project performance depends on team execution and most of the projects have several bugs in smart contracts to generate their tokens infinitely. So it means no other Altcoin can't reach Bitcoin in terms of Market capitalisation. |
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KingScorpio
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September 22, 2018, 07:54:32 PM |
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More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
bitcoins existence will end with the us dollar and the gambling banksters there, it will then be more and more considered a nasty POW miner cult. as long as so many foreigners own us dollar especially east asians and the usa is in a massive foreign trade deficit and the world considers the us dollar as a world currency, people will continue to trash around us dollars and catch attention with buying cryptos |
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Naughty Princess
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September 22, 2018, 09:46:39 PM |
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No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
Bitcoin still is expensive and valuable than other altcoins. No one can replace bitcoin because it is the foundation of all crypto which make it to be the important ones. Many functions of bitcoin is unique where even create new altcoin, it never over takes what bitcoin achieve. Also many are believe in the existence of bitcoin and its potential. |
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Kelvinid
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win lambo...
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September 22, 2018, 11:38:23 PM |
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No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
Bitcoin still is expensive and valuable than other altcoins. No one can replace bitcoin because it is the foundation of all crypto which make it to be the important ones. Many functions of bitcoin is unique where even create new altcoin, it never over takes what bitcoin achieve. Also many are believe in the existence of bitcoin and its potential. Right.Although lot of altcoins are already entering the crypto world,but surely only few of them have potentials and the rest are only shitcoins.People have already build their trust into bitcoin so no matter what happens,they will surely get stuck into bitcoin. |
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Bitfling
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September 23, 2018, 01:14:25 AM |
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Altcoin have different function than bitcoin. Many altcoin created with different purpose and i think more altcoin can not be a threat for bitcoin. But maybe more altcoin can reducing bitcoin dominance in market because investor will have option to invest
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shesheboy
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September 23, 2018, 01:57:48 AM |
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Altcoin have different function than bitcoin. Many altcoin created with different purpose and i think more altcoin can not be a threat for bitcoin. But maybe more altcoin can reducing bitcoin dominance in market because investor will have option to invest
altcoins and bitcoins are still the same because they are both cryptocurrency . what alts can do btc can can also do ( vice versa ) but yes i agree that bitcoin dominance will be reduced because people can now have the option to choose from a wide variety of alts aside from bitcoin . however , not all alts are worth it because majority of them are only a clone of other existing ones which means they dont have a real purpose and might be dangerous if you invest and hodl them . |
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reality18
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Earn more with Earn Network
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September 23, 2018, 02:03:59 AM |
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How can too many altcoins pose a threat to Bitcoin. Altcoins are on the market to fulfil the same general goal of Bitcoin which intends to introduce Blockchain to the people and how well it can be utilized to bring more meaning to lives. Altcoins only buttress Bitcoin and do not kill it.
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lornadane
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September 23, 2018, 02:40:10 AM |
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No, it won't possible. Everybody must honor the King! Bitcoin is the king and the crypto market leader, so 1700 plus altcoin or if more will come, total altcoin's volume can't be equal to the Bitcoin. Because lots of people don't buy altcoins, they only convert their coins to the bitcoin. If bitcoin transaction speed and cost will improve then 70% of people will move to the bitcoin. So, Altcoin's can't be a threat to bitcoin's existence.
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zolfa
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September 23, 2018, 02:56:30 AM |
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New altcoins will not affect the value of bitcoin, in general, new altcoins will only create crypto market existence always survive. bitcoin has a high popularity, even today some investors don't trust ICO, and they better choose to keep their assets in bitcoin.
in the future, not all altcoins can be used for payments, only a few altcoins have good progress that will be accepted, bitcoin will master every transaction, and some altcoins that are not used for payment will be crypto trading assets or for investments.
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ubay
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September 23, 2018, 04:22:52 AM |
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Altcoin in my opinion is just rubbish, and real property is bitcoin. There are many facts that altcoin only runs a few moments and then disappears, but not with bitcoin. Since its inception until now he is still there and circulating.
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yndye
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September 23, 2018, 04:28:32 AM |
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Altcoin in my opinion is just rubbish, and real property is bitcoin. There are many facts that altcoin only runs a few moments and then disappears, but not with bitcoin. Since its inception until now he is still there and circulating.
It's funny that you are promoting an altcoin and then saying that is rubbish. If you really believe so then you should not promote an altcoin instead. As for OPs question, I don't think too many altcoins is a threat to bitcoin because as long as there are people who believes in bitcoin's existence and use it for investment or for currency then the demand would always be there. Sooner or later, those altcoins that are use for its actual use case would continue to exist while those that are just existing for trading would be gone. |
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kucritt
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September 23, 2018, 05:17:47 AM |
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i think no, many altcoin is not affected bitcoin anymore, but bitcoin is affect all altcoin and other cryptocurrency, if bitcoin down the altcoin price is down and if bitcoin price is up the price of altcoin and cryptocurrency is up too, so bitcoin is affecting the altcoin price not the altcoin affect the bitcoin
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gabbie2010
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September 23, 2018, 05:23:22 AM |
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None of the altcoin can serve as a threat to bitcoin because majority of them are created to serve a certain purposes or project and its good to have many of them it will bring a healthy competition in the market however there are a lot of duplications among the coins thus making a lot of them worthless and irrelevant.
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Crypto Girl
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September 23, 2018, 08:18:56 AM |
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Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
Approximately, those altcoins has design into specific product and bitcoin don't need a product to build a demand since itself is already a mainstream. We already have thousands of altcoins and it's still counting, do you think that bitcoin demand affect those? It didn't. And it obviously happen the other way around, when bitcoin fall, altcoins fall harder. Bitcoin surge, altcoin left hanging. See? But what will be second good coin ?
Bitcoin cash? Litecoin ? Ripple ? Ethereum ?
Kindly exclude bch, for everyone's sake. |
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Miklight88
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GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI
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September 23, 2018, 08:45:21 AM |
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I don't see any reason they will be a threat to btc in any way, the sky is wide enough for all birds to fly, likewise for crypto and since many are coming out everyday we have not see any effect of negative to the market but improvement.
The only major issue is the scam aspect of it is what we all should look out for on how we can stop it and let the crypto be known for good name not this scam and hack of a thing.
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