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Author Topic: Bitcoin can't survive alone  (Read 4116 times)
OasisDre (OP)
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October 04, 2019, 06:34:08 PM
Merited by tk808 (3)
 #1

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

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October 04, 2019, 07:16:36 PM
Merited by tk808 (1)
 #2

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins
Agreed, I believe that Bitcoin is the founding father coin. I think projects like Ethereum and consensus algorithms like Delegated Proof of Stake are whats needed, leading us into the right direction. To think we started with just Proof of Work. Many people don't have faith within the altcoin markets because a lot of the coins are alternative clones with little to no new innovation added. Many are indeed shitcoins, but there are some real sleeper projects out there that are game changing. It's the emergence of competition that drives innovation, every coin/token plays its role as a tiny cog apart of a larger mechanism.

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October 04, 2019, 07:18:06 PM
 #3

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.
If that's the case, bitcoin is the one that will be used not altcoins. So how come that altcoins will manage to survive if bitcoin was going to replace those popular payment methods in China? But I don't think that many will stop using those payment methods, they are convenient with that method so it's going to be hard for them to give it up.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins
You have to decide when you are in dire situation. It has been proven that having bitcoin is more of those solid altcoins. I hold altcoins but I have higher investment with bitcoin.

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October 04, 2019, 07:26:33 PM
 #4

Your post is still pointing to bitcoin and i am sure that deep down you know that bitcoin is the safest option in today's market but my advice is to diversify your portfolio for better result, for me i go all on 70% bitcoin and just 30% on altcoins because too many altcoins are shitcoins and only very few of them are good, in time we will see what happens

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October 04, 2019, 07:52:23 PM
 #5

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

The major barrier for mass adoption and use for cryptos in daily life is the government block.
Not to mention that Bitcoin or really any other altcoin cannot match the TPS of traditional banking systems and online wallets.
There is a long way ahead of us before crypto is actually used in day to day life.
Still, I believe alt-coins put more functionality on the table then BTC ever will but BTC is the first proof of work for a decentralized currency.
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October 04, 2019, 08:17:57 PM
 #6

Bitcoin is the crypto king, nothing is going to change that for a while or maybe even forever but altcoins have did alot in crypto history right from the start of ICO projects that drove many new investors into crypto and this makes new money enter crypto as well, its really a big point that bitcoin can't do it alone, many altcoins will still be standing strong at last

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October 04, 2019, 08:20:51 PM
 #7

Bitcoin stands for its own no matter what. But the fact is that Altcoins can't stand for themselves without Bitcoin. So anyway, Bitcoin will leave for a long time as well the other cryptocurrencies.

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October 04, 2019, 11:32:42 PM
 #8

It would have been better said that an altcoin that has a good usecase, has a better chance of survival and of being used than just a pump and dump shit altcoin.
Altcoin would have been so used widely, but for some of the lapses attached to it, most especially some coins, when it comes to trust.
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October 04, 2019, 11:41:03 PM
 #9

If we describe this as a survival challenge, bitcoin will only take those who deserve to be there. There are many good projects. Those whose blockchain are most reliable and scalable will survive along with bitcoin.

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October 04, 2019, 11:47:41 PM
 #10

I think bitcoin is a technology that was created to be able to survive on its own while the prices in bitcoin can never survive alone because the price of bitcoin can be high because it is influenced by very high demand and with very limited supply makes the price of bitcoin increasingly expensive but the technology can run by itself and is only active when there is demand.

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October 04, 2019, 11:58:47 PM
 #11

As we all know bitcoin is circulating by many parts here in cryptocurrency like altcoins. It is doing its task to promote or to do not underestimate altcoin and it was same to altcoin. Bitcoin will not be bitcoin if there are no other department.

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October 05, 2019, 12:31:13 AM
 #12

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

Crypto can do much better than these existing payment solutions, just more awareness is needed in public.
I somehow agree with you that in the market along with the bitcoin, alts also got their place and importance. Using alts will be better and beneficial for the digital currency payment system, but to say "survive" will be inappropriate.
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October 05, 2019, 12:44:35 AM
 #13

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins
There are many cryptocurruncy are come up. Like bitcoin and other cryptocurrency are some of this helping many people and giving us an opportunities to earn and get some income with high percentage. But they don't stand alone. By the use of internet they are ineterconnected to each other and giving them chances on marketplace. This are use in some payment and digital wallet as well as a transaction method.

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October 05, 2019, 01:13:50 AM
 #14

The existence of bitcoin itself can not survive by itself. But with the presence of bitcoin, new business opportunities are created for those who have ideas and set forth in the blockchain system.
The existence of altcoin, e-payment, or e-wallet, can actually foster the development of the business world because of rivalry. Surely this competition is headed for good, which can provide the public with good service.



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October 05, 2019, 01:21:36 AM
 #15

Yeah, what if Bitcoin was used in there instead? We wouldn't need all this altcoins in the first place. Although there are some altcoins that are very good, you won't deny that Bitcoin is still the safest of them all. You can't defeat Bitcoin when it comes to investing. When Bitcoin moves, all those altcoins follow. In the end, they all falls down to Bitcoin. Bitcoin can survive alone but altcoins can't.
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October 05, 2019, 01:29:22 AM
 #16

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

Means of Payment is just one genre where crypto would be used. Bitcoin is not designed to be a means of payment. Satoshi might have said it somewhere as payment coin but I'm pretty sure satoshi intended to make it the way it is. There are new and innovative crypto projects that are instant on transaction with zero or negligible fees.


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October 05, 2019, 01:31:01 AM
 #17

The existence of bitcoin to itself can't survived bitcoin. Because all we know that here in crypto world we need variety of coin and also need competition. I am not against in bitcoin, actually I am now holding some bitcoin and look the price of bitcoin right now it is continue to fall so I think we need some alternative like altcoin.
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October 05, 2019, 02:07:00 AM
 #18

Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.

Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins

Why can't bitcoin be relied on to replace alipay and wepay instead?

While i agree real use cases plus real life working products are essential for any coin to succeed, but i don't see why we need so many altcoins to do so. If bitcoin could do all this instead imagine how big it would be. We would be in for a great upside as well as early investors.

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October 05, 2019, 02:13:15 AM
 #19

Payment systems that work well without bitcoin do not need to attach the 5th wheel, if something from cryptocurrencies will tied, it will be a fast currency, like LTC or DASH.
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October 05, 2019, 03:01:12 AM
 #20

Yes true, without strong altcoins then bitcoin will not interesting for investor, as we know now that the bitcoin marketcap reaches more than 65%, and the rest for more than 3000 altcoins, if many altcoins die and cannot compete then bitcoin also die.


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cogwise
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