nutella_11
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December 24, 2019, 09:52:26 AM |
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Bitcoin was the beginning of the whole cryptocurrency world, this is why it's hard to compare any of altcoins to this one. Bitcoin is the most powerful cryptocurrency and I think that it won't change. BUT, it doesn't mean that buying altcoins isn't promising and couldn't be profitable. Many of them are pretty promising, for example IOTA. I've been thinking about buying it because it should be available soon on CoinDeal. What do you think about IOTA? Any advices?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Sebas.tian
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December 24, 2019, 10:01:58 AM |
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We can't see any altcoin that will match with Bitcoin because of many different things that make it great. Haven been the mainstream manifestation of the Blockchain, make it totally different from all other altcoins. Most altcoins if not all are cat copy of Bitcoin technology. Many will appreciate the power of Bitcoin in the nearest future when the time come and altcoins will be abandon.
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Diirtmaan
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December 24, 2019, 11:26:42 AM |
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I don't think that Bitcoin can be replaced with any altcoin because it's really the first and the strongest crypto currency so far. I don't see any potential in any other coin to replace Bitcoin in the next few years at least. Some people were saying before that ethereum can replace Bitcoin in some point in the future but I don't think that's gonna happen.
At the moment, none of the existing altcoins can replace Bitcoin. This can happen if something happens to the Bitcoin ecosystem, but so far everything is working well. |
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abdobe
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December 24, 2019, 11:57:25 AM |
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We can't see any altcoin that will match with Bitcoin because of many different things that make it great. Haven been the mainstream manifestation of the Blockchain, make it totally different from all other altcoins. Most altcoins if not all are cat copy of Bitcoin technology. Many will appreciate the power of Bitcoin in the nearest future when the time come and altcoins will be abandon.
I also think that it makes no sense to use the replication of Bitcoin if there is Bitcoin. Altcoins are not worth attention for many reasons, besides of Ethereum, but this is a completely different thing. |
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boris2470
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December 24, 2019, 12:07:19 PM |
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Bitcoin is widely used and the most popular crypto currency right now that's why many people still invest in it. One of the reasons why bitcoin is still number one despite the number of competition out there. Probably because of the trust and reputation of bitcoin that despite being in a countless bubbles, it still manage to survive maybe that's why.
Many people forget about the true value of Bitcoin and see only its price. This forces them to use the coin again and again to earn money, this is one of the reasons why altcoins are not used as much as Bitcoin |
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Eugenar
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December 24, 2019, 01:59:53 PM |
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Many people forget about the true value of Bitcoin and see only its price. This forces them to use the coin again and again to earn money, this is one of the reasons why altcoins are not used as much as Bitcoin
But wait, would it be positive if the case is like what you've just said? Because people found the way how bitcoin could be profitable, they will surely adopt into using it to their transactions and make it their main investment platform. Because As far as I can see, if people are supporting bitcoin, the market price of the altcoins are also getting higher, I am not saying people should consider market price as the top to consider, but most of the time, the cryptocurrency with the most market price are what people think is the most valuable as well. |
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bitbunnny
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December 24, 2019, 02:05:21 PM |
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The reason is that no altcoin didn't reach the value that Bitcoin has and it's isn't that applicable in real world. Bitcoin maybe has the advantage of being first cryptocurrency but to my opinion no othe altcoin has potential to get even close to Bitcoin, it's hard to compete with it. Probably that wouldn't change in near future.
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bobitza
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December 24, 2019, 02:46:58 PM |
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Right! There is no currency that can replace bitcoin in the electronic market today. For many people, Bitcoin is not only the tycoon of cryptocurrencies, it is also a real currency. Everything else, including Ethereum is called an alternative currency or altcoin. what's your opinion?
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seoincorporation
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December 24, 2019, 03:21:27 PM |
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The reason is that no altcoin didn't reach the value that Bitcoin has and it's isn't that applicable in real world. Bitcoin maybe has the advantage of being first cryptocurrency but to my opinion no othe altcoin has potential to get even close to Bitcoin, it's hard to compete with it. Probably that wouldn't change in near future.
i do not agree with you, when zcash comes to the markets the starting value was 3000 BTC. That price doesn't last for long... But for a moment things were that way. And as you say, bitcoins have the advantage of being the first cryptocurrency, That's one of the factors why it is on the top. |
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thirdlight
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December 24, 2019, 04:11:35 PM |
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Even the name suggests it's an alternative, Bitcoin is the creator of crypto, so it's unlikely anyone will replace it in the future. The Alts are also dependent on Bitcoin, so they can't replace it.
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Healthyfy4you
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December 24, 2019, 04:14:03 PM |
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What do you think?
No one knows on what bitcoin isn't still being replaced yet in spite on being outclassed by most updated or good featured altcoins in the market currently. But we can already presume that Bitcoin is king of crypto that's why its being mainly supported by the masses in spite of its scability issues. Bitcoin is only king in the world in online currency market. Nver judge anything everytime, so think about bicoin or other cripto currency. Use Health tips https://healthyfy4you.com/how-to-fall-asleep-in-120-seconds/ |
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BlacksmithCorporation
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December 24, 2019, 05:30:00 PM |
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It is difficult to assert that bitcoin cannot be replaced in the future, but for now bitcoin has a lot of advantages over other altcoins, which is the huge support community, the advantage of the first cryptocurrency, on the other hand. Bitcoin is also constantly evolving and being upgraded regularly.
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yoseph
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December 24, 2019, 05:50:34 PM |
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Most of the alt coins that are around are not actually offering anything new from what Bitcoins is already giving us so there is really no reason why people should be ditching Bitcoin and be going in for the Altcoins I am sure other coins with new features unlike bitcoins will tempt others.
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Twentyonepaylots
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December 24, 2019, 05:52:35 PM |
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It is difficult to assert that bitcoin cannot be replaced in the future, but for now bitcoin has a lot of advantages over other altcoins, which is the huge support community, the advantage of the first cryptocurrency, on the other hand. Bitcoin is also constantly evolving and being upgraded regularly.
With 50%+ market dominance? and there are still doubts on bitcoin to be replaced? Even there are coins such EOS, Ethereum or XRP that is way much better than it, Bitcoin will always be bitcoin. The only one who lifted the crypto space up and garnered a lot of investors through the process. So I guess altcoins would take so much time to take the position of bitcoin now. On top of that is the growing adoption processes of big companies with bitcoin making it more popular. |
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FaithInCrypto
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December 24, 2019, 06:18:00 PM |
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No altcoin was able to replace Bitcoin until now because no altcoin could surpass Bitcoin yet.
Based on your comparison, people were able to invent one thing greater from another. In my opinion that is probably because there was a physical machine to improve unlike in the blockchain world where everything is virtually present and it was a challenge to improve everything.
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Abiky
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December 27, 2019, 09:20:20 PM |
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Altcoin supporters need to do a lot more work in making their coins more visible.
I was very impressed with how Ethereum launched itself a few years ago - they even managed to get the New York Times to do an article about them and their coin. That's the kind of marketing you need in order for an alt to even start competing with bitcoin.
Completely agree with you, mate. Most altcoins are focused on hype, rather than working on their core Blockchain protocol or even taking their time for marketing/promotion within the mainstream world. The closest, most successful coin to Bitcoin has been Ethereum ever since it launched back in 2015. The rest of the altcoins are more of the same, mostly driven by hype than anything else. There are some cryptocurrencies which have been abandoned in development too (like Dogecoin). I believe that's the true reason why altcoins haven't been able to replace Bitcoin to this date (aside from the fact that all cryptocurrencies are based on Bitcoin's Blockchain technology). It's not easy to overcome the original cryptocurrency project which started it all. Which is why, I believe that Bitcoin will remain as the "King" of crypto for the foreseeable future. Unless a new cryptocurrency comes up with better a tech than Blockchain itself, I don't see altcoins replacing the original cryptocurrency anytime soon. Bitcoin is and will always be the #1 cryptocurrency in the world for a very good reason. After all, it's the most decentralized cryptocurrency in existence today. Altcoin developers should learn that it's about decentralization above all else. Once they realize this, altcoins will be able to succeed to "infinity and beyond". Just my thoughts  |
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kotik085
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December 28, 2019, 12:38:17 PM |
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Many altcoins do not fall under the distribution of bitcoin. There is a group of altcoins that do not have a signal for bitcoin, or these coins are on the POS algorithm, or there are nodes.
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MarioV
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December 28, 2019, 12:58:39 PM |
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Simply because, while in the examples you cited there has always been an improvement, no cryptocurrency is better or equal to bitcoin: decentralization, immutability, incensurability. All the other crypto experiments don't have simultaneously and all these advantages/protections. That's why, to date, bitcoin is the the only currency OF THE people.
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Pinkris128
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December 28, 2019, 04:32:22 PM |
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Simply because, while in the examples you cited there has always been an improvement, no cryptocurrency is better or equal to bitcoin: decentralization, immutability, incensurability. All the other crypto experiments don't have simultaneously and all these advantages/protections. That's why, to date, bitcoin is the the only currency OF THE people.
Indeed. There are a lot of coins in the market thattriess to defeat and replace bitcoin as the number one cryptocurrency in the market, but even the half of it's price they haven't reach it because of mass adoption and it was the first crytocurrency that was created, so what would you expect, of course it will be impossible for bitcoin to be defeated. |
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luppecuppe
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December 28, 2019, 09:58:00 PM |
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Unfortunately, it's about the dollar. The price of bitcoin rose too high. Blockchain's economy was founded with Bitcoin. The community that owns Bitcoin has taken power. In the blockchain system, you might want to bring an opponent to the bitcoin. To do this, you need to have a very large capital. The central bank of a developed country can do this.
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