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Author Topic: BTC must grow and stay alive!  (Read 1233 times)
111magic
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May 21, 2014, 06:45:48 PM
 #1

We have already several types altcoins.  different colorcoins, different animalscoins, different crapcoins and various scammers.
All altcoins depend on the bitcoin. If it will decrease / increase the altcoins go along. As we all pumping too much money into all sorts altcoins it will not have a positive effect on the bitcoin.

So play a little with the altcoins and keep the BITCOIN alive!!


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MrBea
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May 21, 2014, 06:59:57 PM
 #2

I buy mostly bitcoin and about 10% into alts for funsies.
Clegg
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May 21, 2014, 07:02:11 PM
 #3

It is growing and continues to grow. Its got a long life ahead of it yet.
findftp
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May 21, 2014, 07:06:58 PM
 #4

It is growing and continues to grow. Its got a long life ahead of it yet.
Crypto's are here to stay in one form or another.
Maybe as a world reserve currency
Maybe as a viable way for internal payment systems in big companies.
Maybe just as a collectible.

I'm glad I can say I was there when it happened to my grandchildren.

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Clegg
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May 21, 2014, 07:11:50 PM
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It is growing and continues to grow. Its got a long life ahead of it yet.
Crypto's are here to stay in one form or another.
Maybe as a world reserve currency
Maybe as a viable way for internal payment systems in big companies.
Maybe just as a collectible.

I'm glad I can say I was there when it happened to my grandchildren.

It'ss grow like a magical money tree. I hope we can say we was there before it all started.
waldox
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May 21, 2014, 07:18:10 PM
 #6

bitcoin is the next world reserve currency right beside gold

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Mr Tea
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May 21, 2014, 07:36:44 PM
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bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.

bluemeanie1
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May 21, 2014, 08:28:06 PM
 #8

All altcoins depend on the bitcoin.

except NXT.

-bm

Just who IS bluemeanie?    On NXTautoDAC and a Million Stolen NXT

feel like your voice isn't being heard? PM me.   |   stole 1M NXT?
franky1
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May 21, 2014, 08:41:06 PM
 #9


So play a little with the altcoins and keep the BITCOIN alive!!

bitcoin wont die. so relax. if the price tanks, people will buy in cheap. its self propelling and wont stop. just learn to not sell at a loss and if it tanks temporarily, use that opportunity to buy more. NEVER sell at a loss or you, not the world, but only you will be the loser.

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Nathonas
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May 21, 2014, 08:41:13 PM
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In other news, people were also encouraged to breathe air and consume organic matter to maintain their bodily functions.

All we have to decide is what to do with the time that is given us - Gandalf
findftp
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May 21, 2014, 09:28:59 PM
 #11

bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.
Dude, USGov already have few 100k of them
They *say* they will sell, but they never will, at least not the coming decades.

Don't listen to them, look at their actions.
China probably stole the goxcoins to become leveled.

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commandrix
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May 21, 2014, 09:35:00 PM
 #12

When BTC gets the attention of the financial sector, I'm happy. There are people who say it won't last, but then, I bet they said the same thing the first time some cave man picked up a pretty yellow rock and brought it home to show his friends. "Dude. You can't eat it," that sort of thing, right? The main thing is that BTC needs to STAY ADAPTABLE.
bitsmichel
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May 21, 2014, 09:35:41 PM
 #13

Quote
All altcoins depend on the bitcoin.

except NXT.

NXT marketcap is very small still, the whole altcoin market cap size is less than 11%.
From the NXT site :

Quote
Bitcoin introduces new coins by people mining. This involves a series of computers around the world working to solve math problems, if successful the system release a predetermined amount of Bitcoins and move onto the next block. This system is called proof of work.

This is a very expensive venture with many "mining rigs" costing thousands of dollars and consuming a huge amount of electricity. As more people mine, it becomes harder to earn coins and run the Bitcoin network. You could spend a lot of money on dedicated mining machines and ultimately not earn enough to pay for the equipment let alone the cost of the electricity to run it.

With NXT on the other hand, all coins that will ever exist already exist.
What's this about, give yourself 100% of the coins and decide what to spend them on?
rhino34567
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May 21, 2014, 09:43:17 PM
 #14

I feel like the OP thinks altcoins are taking away from Bitcoin, but really, I just see it as another asset that you can easily obtain through BTC. I see BTC as a currency, alts as assets. But that's just me.

bluemeanie1
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May 21, 2014, 09:43:28 PM
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What's this about, give yourself 100% of the coins and decide what to spend them on?

how is this different from issuing stock?

do you criticize shareholders because they had all the initial stock?

no, they built the company and they made the shares valuable.  

Meanwhile in Bitcoin, I get a piece of the value simply by running some hashing machine?  Now that makes no sense.

-bm

Just who IS bluemeanie?    On NXTautoDAC and a Million Stolen NXT

feel like your voice isn't being heard? PM me.   |   stole 1M NXT?
bitsmichel
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May 21, 2014, 09:48:31 PM
 #16

Quote
how is this different from issuing stock?

do you criticize shareholders because they had all the initial stock?

no, they built the company and they made the shares valuable. 

Meanwhile in Bitcoin, I get a piece of the value simply by running some hashing machine?  Now that makes no sense.

I think it makes lots of sense, in the same way you have to dig for gold. If there is no mining complexity, the first users could simply buy large shares of the market at a low price.
findftp
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May 21, 2014, 09:49:26 PM
 #17

I feel like the OP thinks altcoins are taking away from Bitcoin, but really, I just see it as another asset that you can easily obtain through BTC. I see BTC as a currency, alts as assets. But that's just me.
Exactly my feeling as well.
Some (most) crypto's do not even have a FIAT pair to trade.

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serenitys
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May 21, 2014, 11:29:34 PM
 #18

bitcoin is the next world reserve currency right beside gold

We can only hope. It would be pretty cool if goverments started holding it.
Dude, USGov already have few 100k of them
They *say* they will sell, but they never will, at least not the coming decades.

Don't listen to them, look at their actions.
China probably stole the goxcoins to become leveled.

Agreed +1

The country who is first with bitcoin to go all in will become the world's first true super power after the board is reset.

Try to imagine for a moment what would happen to the value of bitcoin if world governments got in on the game to use bitcoin even as a reserve...

The moon would be a pitstop

You say "anti government" like that's a bad thing...

Unfortunate times will bring out the best in good people and the worst in bad people
jbreher
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May 22, 2014, 02:29:57 AM
 #19

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Bitcoin introduces new coins by people mining.

Oh my god! You mean our using bitcoin is dependent upon mining for... PEOPLE?!?!?

Soylent Green is made from people!

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a known extortionist. Read my Trust for details. https://www.youtube.com/watch?v=sglyFwTjfDU
Ron~Popeil
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May 22, 2014, 03:07:32 AM
 #20

Alt coins are great laboratories for innovation. It is much easier to experiment with lower market cap coins to see what works and what doesn't.

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