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Author Topic: Coin Acceptance.  (Read 1555 times)
Webberson (OP)
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October 05, 2018, 12:43:23 PM
 #1

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?

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October 05, 2018, 12:53:41 PM
 #2

There are so many coins in the coinmarketcap but only few of them has a real life usage advantage
And this will be pivotal while selecting tokens to be accepted

I think bitcoin will lead the way for real life usages
And more importantly the tokens related to healthcare will spring good deeds too
There are tokens related to traveling and hotel bookings
That’s gonna be a usage too
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October 06, 2018, 02:05:17 PM
Last edit: October 06, 2018, 02:15:59 PM by reactorjuno
 #3

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
There are a lot of coins due to fail eventually. A good comparison is with the dotcom bubble at the end of the 90's, many projects that looked promising on paper, did not last and bankrupt at some point.

I think the situation of the cryptocurrency market right now is very similar to the dotcom bubble. The thing is, there are over 1000 different coins so it is kind of obvious that many of them are not solid and will disappear soon or later.
Just be wise and study each different projects and the vision behind, but remember that there is always a risk of failure.
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October 06, 2018, 06:10:29 PM
 #4

It will depend on the users and the niche of the token and with enough users then when the mass adoption comes then it will be the ones who will make the cut and as you already know that not all the coins target the mass adoption, because most of them only targets the trading volume.

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October 06, 2018, 06:13:31 PM
 #5

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
It is obvious that merchants will not accept all cryptocurrencies but ony few - the biggest. Other coins can be good for another things, not as a payment method Wink.


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October 06, 2018, 06:20:16 PM
 #6

The market is full of useless shitty coins, do you really think that all those would be accepted as official currencies? The adoption of Cryptocurrencies will not happen as a package and will not happen at the same level for all if BTC became accepted worldwide and reconized globally as a currency do you think by default all other currencies would be accepted?

Acceptance and adoption of one coin do not mean acceptance and adoption for others, but it will definitely give the whole Crypto market a push by spotting the light on Cryptocurrencies as a whole.
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October 06, 2018, 06:34:04 PM
 #7

Obviously the top ten or twenty will get the largest market share while others will get small share, mainly btc and eth will be the major market shareholders, so accumulate more and more btc and eth as they will be huge in coming years.

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October 06, 2018, 06:35:34 PM
 #8

I try to visualize the future as much as I can.
The first thing we have to do is look in the present and see what we have. There are many cryptocurrencies: Bitcoin, Ether, few hundred ERC20 tokens and many many others.
Let's look at history: pound sterling is the oldest accepted currency which is still in use, founded somewhere in 1000 after Christ. Only in 1694 the Bank of England was founded as a result of the government needing £1.8 million at that time to pay a defeat to France. This way, the guys saw that it's possible to issue money in a centralized system where the Government and the Bank have control.
The problem with cryptocurrencies is that the government doesn't have control. Imagine if all businesses were running on Bitcoin. They would have gone bankrupt in 2017-2018 because of price changes.
Instead, let's look at Binance project to create a Stablecoin, a cryptocurrency controlled by a DAO (Decentralized autonomous organization which is Binance). Stablecoin in fact has the only chance of becoming widely accepted unless other cryptocurrencies follow.  
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October 06, 2018, 06:37:56 PM
 #9

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?

All of the coins are a little pretentious. A lot of coin can be accepted. Many projects are still very new and in development. We can see more acceptence of this development when the projects are completed.
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October 06, 2018, 07:26:30 PM
 #10

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
Selected few will be chosen that can be used worldwide.

Those pump and dump coins won't be considered as a good coin to be accepted worldwide. Most of them aren't even ready for a real usage.

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October 06, 2018, 07:32:36 PM
 #11

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
All the coins can be used as far as it meant people's demand.  Remember that coins are be developed for different purposes and that is the reality of things.  Bitcoin has features that ethereum and litecoin did not have and vice-versa.  There are many coins out there and those that are good are going to stay with us.
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October 06, 2018, 07:39:04 PM
 #12

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
because too many altcoins I think the best coins will be used for global, like xrp. and coins that are not qualified will disappear by themselves
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October 06, 2018, 07:46:01 PM
 #13

How all the coin will even be accepted? Are those have any kind of usages in reality. TBH, only a few coins do have. So, I think BTC, ETH, and LTC should be accepted and while we are talking about complete anonymity, we should accept a good privacy coin like Monero and DeepOnion.

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October 07, 2018, 07:08:00 AM
 #14

Of all this coins, only a few along with bitcoin has survived. Even if all the coins would be accepted, not sure how many would be of real use. This might have some influences over this decision.
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October 07, 2018, 07:15:49 AM
 #15

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
Yes, there are so many cryptocurrencies. I only choose to invest in several tokens that I just started to identify. I will never start investing in ICO projects from the middle.
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October 07, 2018, 07:23:23 AM
 #16

There are lots of coins this days and more are still emerging by the day. If eventually cryptocurrency becomes accepted globally and it's been adopted for usage, do you think all the coins would be accepted for usage or only a  selected few?
Of course, not all, but the most valuable. Of course there are companies, as well as individual users who can experiment on cheaper and less-known coins, but this will be the exception. What is now in great demand is bitcoin and ether, well, a couple of other alts, so the whole world will be limited to this after its adoption.

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October 07, 2018, 07:35:18 AM
 #17

A lot of new coins are rising and a majorirty of them are falling. The crypto market is highly volatile and apart form Bitcoin who has solidified its position as a reliable Bitcoin, other coins have to fight hard to stay on the market. So, if the crypto ever gets accepted as a curreny by the governments, Bitcoin and other reliable Altcoins will be accepted, whereas the one swith zero reliability will not be recognised.
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October 07, 2018, 08:30:01 AM
 #18

There are so many coins in the coinmarketcap but only few of them has a real life usage advantage
And this will be pivotal while selecting tokens to be accepted

I think bitcoin will lead the way for real life usages
And more importantly the tokens related to healthcare will spring good deeds too
There are tokens related to traveling and hotel bookings
That’s gonna be a usage too

I totally agree with you.  Usability amongst other things is the key to lasting sustainability. If there are no use cases,  that coin will eventually fade out. I have recently taken interest in a particular coin related to travel and hotels. Tapcoin brings the crypto world to the real world and they provide bonuses such as free drinks each day-really comes handy for those dry days  Cheesy 
Another cool project is Goeureka. They are moving the cryptospace forward.
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October 07, 2018, 08:37:24 AM
 #19

Not at all. There are so much scam coins at the market right now. There will be carefully selected by people and only those coins will be accepted that have a working product, that is ready to use in our day-to-day living.
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October 07, 2018, 08:49:30 AM
 #20

only the best coins that will be accepted and can be used globally. If only any of the coins alone certainly won't have the strength to survive. required coins that already have a good system so that it will be sufficiently functional for a variety of things. might be recommended several coins in the highest coinmaketcap.
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