For BTC to live SHITCOINS needs to die

[BitHodler]

People are quite on the wrong track if they believe that altcoins are bad for Bitcoin. Not sure if any of you figured out already, but altcoins are making sure that a million or more Bitcoins are taken out of direct circulation.

What do you think will happen when +1 million Bitcoins suddenly no longer have a purpose? Right, they will be dumped on the market which will bring us back to where we were a couple of years ago in terms of pricing.

I know most of the altcoins are utter garbage coins, but they help keep Bitcoins out of circulation, and that's what matters here. Try to look at things differently. Most of Bitcoin's volumes are generated against altcoins.

[cryptocrusher]

BTC is doing just fine with all the shitcoins, of course a lot need to disappear and they will in time but people need to learn this for themselves. These projects have to fail for people to realise bitcoin is the best investment instead of just being told that.

Quite agree on what he said though, instead of ranting about and making the shitcoins be gone , how about we just focus more on what its the better , and that is bitcoin though. And other alt coins like ethereum. But well, on the other hand how about take time reading all the meme about bitcoin though LOL.

Precisely, and the less focus they receive the quicker they'll disappear for good. The less savvy investors who enable these coins to exist will run out of money soon enough and then there won't be anyone to fund their ICOs etc. Once that's the case there won't be so many of them spamming the market.

[TooDumbForBitcoin]

The OP wrote absurd thing. Shit stocks never stopped apple, google or amazon stocks. Furthermore profits from shitcoins usually flow to top coins

[suprex333]

Actually, this shitcoin is growing because of the presence of BTC, if there is no BTC then shitcoin is also not there. Many people want to reach BTC, but the way gradually, through this stage is certainly by looking at the value of each shitcoin and its volume, so they both run in harmony not to turn it off.

[bitcoinfuck]

The OP wrote absurd thing. Shit stocks never stopped apple, google or amazon stocks. Furthermore profits from shitcoins usually flow to top coins

so you think stocks and crypto are same ?

centerlized ripple & decenterlized BTC, zcash, eth are same ?

coins for porn,music, agriculture are good idea ? can't btc or ETH be used for them all ?

[Aponkye1]

Well in  a way you have a point but let's not forget that all these ICOs that are coming forth, some have very useful case which the world could benefit from so i suggest we regulate the number of ICOs that are coming up because some of them are very irrelevant and have no potential behind it.

[burky156]

I don't know the exact number of the altcoins but in the coinmarketcap there are 2094 altcoins are listed. (https://coinmarketcap.com/all/views/all/) So i believe that there would be more than 10.000 altcoins in the market. I made some research on the google but i couldn't find it. I believe that this is horrible and going to be more ugly if it  continue like this. Some one should do something before it gets really messy.

[BuyBuyBitcoin]

People are quite on the wrong track if they believe that altcoins are bad for Bitcoin. Not sure if any of you figured out already, but altcoins are making sure that a million or more Bitcoins are taken out of direct circulation.

It isnt them existing, it's everything being labelled under cryptocurrency that confuses the non crypto people.

We need defined "levels" of crypto currency (or something) to separate what are stores of value, decentralized protocols, limited supply cap coins, "blockchain" solutions banks will use, ERC20 Tokens, privacy focused...

Until that happens, a new person trying to understand anything about the space is going to avoid it, which keeps the value of everything down.

[Kakmakr]

You know most of these shitcoins are converted back to Bitcoin <BTC> in the end, because the shitcoins have zero utility, so people will speculate with them and when they want to use it for something useful, then they convert it to bitcoins or fiat.

Also, we have many other reserve currencies around the world, but you only have a few strong global currencies like the Dollar. So Bitcoin can be compared to the US Dollar. 

[BuyBuyBitcoin]

You know most of these shitcoins are converted back to Bitcoin <BTC> in the end, because the shitcoins have zero utility, so people will speculate with them and when they want to use it for something useful, then they convert it to bitcoins or fiat.

Also, we have many other reserve currencies around the world, but you only have a few strong global currencies like the Dollar. So Bitcoin can be compared to the US Dollar. 

Yes but it also creates markets for shilling and "marketing" shitcoins that people want to make an industry.

Those campaigns to pump ICO's and new shitcoins need to go away. The best way is to just avoid being "in the loop" with the newest projects. Most are barely ideas and people start throwing bitcoin at them, those ones never end well.

[coin8coin8]

It is precisely a lot of shitcoins that together created the price of Bitcoin in 2017 to reach $20,000.
I have to say that this is very ironic. Do you remember that the Internet bubble burst in 2000? At the time, there were a lot of shit companies, and they quickly disappeared after the bubble burst. Instead, the rise of Internet giants such as Apple and Google Inc.

[steampunkz]

Shitcoins are purposely made for the developer and teams to gain profit. They know it will be a shitcoin project but still proceed it because of cash$$. After ROI triple times  on their  project, They magically forget and move away.

[MainIbem]

Shitcoins are a serious distraction to potential investors. It is one of the setbacks to the growth of bitcoin and cryptocurrency. It will be a wonderful thing if it can be done away with.

[techiegirl18]

More blood soon... But one thing for sure, December 2017 is nothing, the future of Bitcoin on 2020 is far way better!  See you 6 digits.

Stop pumping shitcoins, the market cap should not be shared among shitcoins.

We have our preferences in the market and you can't stop those folks that loves to hold, buy and pump altcoins.

Btw, here's one meme that I've found.
https://www.reddit.com/r/cryptomemes/comments/9tkv3b/crypto_markets_in_2017_vs_2018/

https://i.supload.com/Hyld83Ol2Q.jpg

[Eadefemi]

And then he'll probably go back into coma as soon as he finds out... 

[bitcoinfuck]

And then he'll probably go back into coma as soon as he finds out... 

[LastHope99]

Altcoins are far more riskier, but they can bring good multipliers. Almost every coin in top-20 begin as sheetcoin...

[beeelzebub]

I don't think btc need shitcoins die but they are eventually.

This year people saw that shitcoins are shitcoin and i believe they learned not to buy them.

[pat4cryptoreal]

The blockchain ecosystem is large enough to accommodate every innovation ideas, All other coins are not in anywhere affecting bitcoin negatively. Variety is the spice of life, The different tokens with the projects that back them is making the world ecosystem interesting and captivating.

[LesterAlvarez]

https://ibb.co/cTfMvA


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