Re: Do you see alts have chances against Bitcoins?
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Newbie Offline
Activity: 1
Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency. BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders. bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins. But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.
Exactly, it is very hard to predict what is going to happen in next 10 year in the cryptocurrency world. I think that LTC lately has grown up, showing it’s potential thanks to the possible SegWit implementation. But as can be observed, ETH has also a big chance to take a lot of the market ( and already has, after bitcoin ). I also believe that Monero may have opportunity to build-up, thanks to the anonymousness of this altcoin.
After all, there is a possibility of totally new altcoin growing up, and taking big part of the market. But all of that is just speculation about future, it is only my opinion.
Newbie Offline
Activity: 4
I would say that there is a chance. Look at altcoins such as Ethereum and Dash. The number of users are increasing, and also several online shops accepting these coins are getting established.
At this point, I’d definitely say diversify your cryptocurrency holdings and keep your fingers crossed. bitcoin may stay on top, but that’s not guaranteed and the current network congestion plus all this infighting over bitcoin Core, SegWit and the latest thing that Roger Ver said is definitely not helping.
I really just don’t think this is true in the least, I think that the reason for the issues here along with scaling issues is that theres a lot of money to be potentially lost by miners due to changing the scaling solution as it would block out some miners advantage in their ASIC’s (looking at you here Jihan, you sly fuck)
This wouldn’t be happening in an altcoin because altcoins don’t have the same amount of people using them with day to day transcations like bitcoin does, so it’s pretty unreal to think that an altcoin could ever take over Bitcoins place in the Crypto world.
There is a lot of money to be made in the altcoin world, and some altcoins are really, really interesting projects, but overall bitcoin remains the king of crypto. If you had to choose in what coin you would be paid, you would choose BTC and most would. It’s yet to be seen if any coin can take this number one spot. Slowly it’s becoming like gold of crypto, the network effect is too strong.
Legendary Online
Activity: 980
I would say that there is a chance. Look at altcoins such as Ethereum and Dash. The number of users are increasing, and also several online shops accepting these coins are getting established.
There is a chance, altcoins are easy to devwlop than bitcoin because bitcoin has many users, many dont accept some projects to develop it, while on the other hand, altcoins has less user making it easy to organize. The thing about bitcoin is it’s price which is really high, making it top of the digital curency. As you can see with Ethereum they experienced a hard fork, after that their user increases and now is a popular altcoin.
and what do you think would happened when the ethereum community getting bigger , the ethereum user getting much more and more? i don’t think the problem is on how much the user to make it easy or not to organize , it’s doesn’t makes any sense. people just tired on how long the bitcoin network proccess the transaction , it cost a lot of time compared to other major altcoins that faster to do that.
Published at Tue, 18 Apr 2017 00:07:14 +0000
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