111magic (OP)
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Activity: 1750
Merit: 1005
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May 21, 2014, 06:45:48 PM |
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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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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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MrBea
Sr. Member
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Activity: 242
Merit: 250
Bitcorns
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May 21, 2014, 06:59:57 PM |
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I buy mostly bitcoin and about 10% into alts for funsies.
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Gathering bitcorns.
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Clegg
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May 21, 2014, 07:02:11 PM |
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It is growing and continues to grow. Its got a long life ahead of it yet.
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findftp
Legendary
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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May 21, 2014, 07:06:58 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. |
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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. |
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waldox
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May 21, 2014, 07:18:10 PM |
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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. |
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bluemeanie1
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May 21, 2014, 08:28:06 PM |
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All altcoins depend on the bitcoin.
except NXT.-bm |
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franky1
Legendary
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Activity: 4214
Merit: 4465
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May 21, 2014, 08:41:06 PM |
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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. |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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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.
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All we have to decide is what to do with the time that is given us.
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findftp
Legendary
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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May 21, 2014, 09:28:59 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. 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 |
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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.
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bitsmichel
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May 21, 2014, 09:35:41 PM |
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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 : 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? |
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rhino34567
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May 21, 2014, 09:43:17 PM |
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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.
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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 |
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bitsmichel
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May 21, 2014, 09:48:31 PM |
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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. |
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findftp
Legendary
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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May 21, 2014, 09:49:26 PM |
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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
Full Member
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Activity: 126
Merit: 101
Be Here Now
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May 21, 2014, 11:29:34 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. 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
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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May 22, 2014, 02:29:57 AM |
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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 mere known extortionist. Read my Trust for details.
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Ron~Popeil
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May 22, 2014, 03:07:32 AM |
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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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