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BIT-BENDER (OP)
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December 19, 2019, 10:56:05 AM
 #1

 When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
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December 19, 2019, 11:55:14 AM
 #2

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
That can be done when the team is really transparent to the investors. You can see that ethereum has already opened its way for everyone who can help the team to create a proper solution to fix the existing problem. But the majority of the new platforms are never doing anything even to create a transparency report about the project. That's impossible to happen caused by the fact that the altcoin team itself can't be trusted. Investors are always welcome for that but the altcoin team itself always make their own solution without doing the more democratize solution just like doing a vote or open a public GitHub.

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December 19, 2019, 12:22:20 PM
 #3

we can not introduce altcoin directly to those who are not familiar with cryptocurrency because it is confusing for them. that is why when we are promoting cryptocurrency, it is all started with bitcoin as a principle and then we can start introducing altcoin to them.
they need a basic to get to know about altcoin, we can not force them to understand altcoin without letting them know about bitcoin. do it step by step, right now there are a lot of people joined and participated in the altcoin project. they were all started it because of bitcoin.

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December 19, 2019, 12:31:02 PM
 #4


Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

Because of the developer's lack of responsiveness on their projects, we have seen thousands of dead coins now, they create a coin for one industry, people will invest on it, thinking that the industry will benefit because of that coin after they are funded they run away with investor's money.

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December 19, 2019, 12:38:35 PM
 #5

Bitcoin no longer can be the face of cryptocurrency as it has become a rare asset to hold.
Currency should be easily used and transacted for trades and deals. People could buy bitcoin after being familiar with crypto but most of them won't even try a crypto if their first experience of crypto was costly and late.



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December 19, 2019, 12:42:46 PM
 #6

I understand your dilemma (if you can say that):

There are a lot of good projects and altcoins out there and as much as majority hate them, they could really bring people to cryptocurrency. Specially in the field of medicine, there could be altcoins right now that can really close the gap specially regarding medical records.

But sad to say that most of the people here wanted to get rich and doesn't care about the fundamentals behind.

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December 19, 2019, 12:56:50 PM
 #7

we can not introduce altcoin directly to those who are not familiar with cryptocurrency because it is confusing for them. that is why when we are promoting cryptocurrency, it is all started with bitcoin as a principle and then we can start introducing altcoin to them.
they need a basic to get to know about altcoin, we can not force them to understand altcoin without letting them know about bitcoin. do it step by step, right now there are a lot of people joined and participated in the altcoin project. they were all started it because of bitcoin.

Don't rush out with complicated explaination when promoting cryptocurrency, always start with the basics with simple bitcoin as an asset. Many people got interested with different altcoins projects, but most of them wasn't successful. Sad to say, last year and this year has no good news about previous altcoins project due to falling market value of cryptocurrency.
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December 19, 2019, 12:58:35 PM
 #8

If you are actively using Facebook and if you are in different crypto-related groups. You will notice that some altcoins were being promoted there, and some users missed that bitcoin is the king of all, they know more about altcoins than bitcoin.
When it comes to the development of an altcoin, most of them have no progress, already in the graveyard, and the rest are slowly dying...

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December 19, 2019, 01:12:31 PM
 #9

Then why not a decentralized altcoin?
There will be no owner. Just like bitcoin.
It can still be implemented anywhere. Gaming, advertising or whatever idea they have.

This is why it had always been bitcoin in the front line. There is no ownership. Unlike so much ICO that is being created out there.
They could just liquidate it anytime and who knows what reason they will make.
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December 19, 2019, 01:29:11 PM
 #10

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on.
They make people seem to believe that the token they've made are only focused with that use. But honestly, every coin can be used for these purposes but you just have to choose the right coin for it. Just like in Bitcoin/Ethereum, it's a known top choice for payments and also there's BNB now.

With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
You shouldn't generalized altcoins to be boosted, not all of them are good to boost. We already have plenty of crypto's that can play this role and the perfect one is bitcoin.
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December 19, 2019, 01:57:23 PM
 #11

Bitcoin is the best example of cryptocurrency and there’s no problem on that because if those people continue to learn more about cryptocurrency then I’m sure they will hear Altcoins and that’s the time for them to study it as well. Cryptocurrency is not just about bitcoin but since its popular, many news are more on bitcoin. Promote cryptocurrency and the blockchain technology, just use the example that is more realistic and not just about the full hype.

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December 19, 2019, 02:10:02 PM
 #12

like libra if libra can be launched there will be a lot of people curious about libra they will know libra is cryptocurrency so bitcoin will also be known through libra news.
hope libra will be launched in 2020 because many people will buy bitcoin from libra ads.
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December 19, 2019, 02:13:52 PM
 #13

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
I think because bitcoin already popular, and to make people attracted we should use something that familiar, easy to explain, and most important thing is not have big risk. I mean although altcoin maybe have different types and have a lot of uses, but risk behind it is bigger too. In investment people should know everything and can be start from the basic of it, and bitcoin is really fit to pick.

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December 19, 2019, 02:15:35 PM
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if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more

Some altcoins have raise millions of dollars in ICO for their project and this means investors are yielding positively to the awareness but most altcoin refuses to implement the proposed project planned and that can discourage investors and others that expects the project whitepaper manifestations.

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December 19, 2019, 02:18:34 PM
 #15

When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
If we talk about cryptocurrency, of course many people are more femiliary with bitcoin compared to altcoin or you could say the popularity of bitcoin is higher and many people know bitcoin better than other coins. Indeed, to make a profit does not have to be with bitcoin, other coins can also be used to make a profit and if we support it or there is an altcoin that has the potential to make a profit I think people will start getting to know about altcoin

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December 19, 2019, 02:22:16 PM
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When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.

To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
Already altcoins were promoted on different platforms in the name of bounties but the intention behind their promotion is to raise more money so don't compare these shits with bitcoin which is completely decentralized and working for no one's profit.
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December 19, 2019, 02:27:56 PM
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The fact is that cryptocurrency is not needed in many areas and for this a lot of useless projects have been created, which greatly influenced altcoins and investor loyalty to them.
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December 19, 2019, 02:33:11 PM
 #18

has been effective on several types of platforms, for example gambling sites, gamblers who are interested in using doge and other tokens because this is indeed a game token, so it doesn't always have to be about bitcoin. Speaking of promotions, we also have to look at someone's segmentation and hobbies, so they don't look too formal and are more directed to using altcoin directly.

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December 19, 2019, 02:41:18 PM
 #19

Yes, you can promote crypto through altcoins but since Bitcoin is dominating the crypto market, when you're introducing cryptocurrency to a non-user, Bitcoin is the easier example to explain things. Even people who don't have enough knowledge might heard the word Bitcoin before than altcoins, that's why when we say crypto, Bitcoin comes to our minds first. Then when they finally have an idea and basic knowledge, they can learn and discover altcoins.
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December 19, 2019, 03:05:39 PM
 #20

If we look at the latest price change, we can easily see that investors give superiority to bitcoin. Although altcoins are affected by decrease, they do not benefit much from the increase. As you said, investors should be directed to altcoins. Promotion or anything else to attract attention must be done. Otherwise, bitcoin's stance is more durable than others.
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