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    Author Topic: Bitcoin without Altcoin ?  (Read 67977 times)

    • springgers
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    November 04, 2016, 04:47:25 PM
     #881
    Quote from: severaldetails on November 04, 2016, 03:07:29 PM
    Quote from: dunfida on November 04, 2016, 02:57:07 PM
    Quote from: clickerz on November 04, 2016, 02:51:47 PM
    Quote from: Qartersa on November 04, 2016, 02:38:21 PM
    Bitcoin is a currency and none of the currency depends on any other currency, but their strength is depended on its rate of adoption by the people and its regular circulation among the community. The more people accept it the more strength it adopt. So bitcoin is independent to altcoin or any othe crypto currency.

    That is true that bitcoin is independent from altcoin and bitcoin alone I think can survive as long as there are supporters who used it. Bitcoin,the father of all crypo's is the standard in cryptocurrency.But an altcoin,from its name alternative coin, is really an alternative one.

    Indeed,  bitcoin could  really stand alone  without  those alts  as you said   its the father  of all crypto and altcoin are  just dependent  in to  it, as you can see those altcoin could  only be exchanged  by bitcoin itself  these means  alts  are  just  alternative , the name  speaks  for itself. Same  as  you said.  Theres  nothing to worry  about  if  bitcoin   would be the  only  one   remains  without altcoins,as long  the adoption is there it wont die.

    Bitcoin is traded a lot against altcoins in many exchanges.
    If suddenly that demand would vanish, we would have an over supply of bitcoins on the market and that would lead us to a drop in the bitcoin price.
    Of course bitcoin could survive that scenario, since it pulls its strength out if the infrastructure built around bitcoin, but it would not be pleasent.

    Good way to think, actually we can see a lot of daily traders, long term investors and for sure "all" this money have bitcoin in the middle.
    How it affect bitcoin price?

  • darewaller
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    November 05, 2016, 07:40:47 PM
     #882
    Quote from: dunfida on November 04, 2016, 02:57:07 PM
    Quote from: clickerz on November 04, 2016, 02:51:47 PM
    Quote from: Qartersa on November 04, 2016, 02:38:21 PM
    Bitcoin is a currency and none of the currency depends on any other currency, but their strength is depended on its rate of adoption by the people and its regular circulation among the community. The more people accept it the more strength it adopt. So bitcoin is independent to altcoin or any othe crypto currency.

    That is true that bitcoin is independent from altcoin and bitcoin alone I think can survive as long as there are supporters who used it. Bitcoin,the father of all crypo's is the standard in cryptocurrency.But an altcoin,from its name alternative coin, is really an alternative one.

    Indeed,  bitcoin could  really stand alone  without  those alts  as you said   its the father  of all crypto and altcoin are  just dependent  in to  it, as you can see those altcoin could  only be exchanged  by bitcoin itself  these means  alts  are  just  alternative , the name  speaks  for itself. Same  as  you said.  Theres  nothing to worry  about  if  bitcoin   would be the  only  one   remains  without altcoins,as long  the adoption is there it wont die.
    Yes, some years ago there were hardly a few altcoins like dogecoins and all. So yeah bitcoins alone can survive and sometimes I think would be indeed better because there are people who invest in shit coins and loose money then loose faith from BTC too Sad

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    November 05, 2016, 08:13:28 PM
     #883
    Quote from: darewaller on November 05, 2016, 07:40:47 PM
    Quote from: dunfida on November 04, 2016, 02:57:07 PM
    Quote from: clickerz on November 04, 2016, 02:51:47 PM
    Quote from: Qartersa on November 04, 2016, 02:38:21 PM
    Bitcoin is a currency and none of the currency depends on any other currency, but their strength is depended on its rate of adoption by the people and its regular circulation among the community. The more people accept it the more strength it adopt. So bitcoin is independent to altcoin or any othe crypto currency.

    That is true that bitcoin is independent from altcoin and bitcoin alone I think can survive as long as there are supporters who used it. Bitcoin,the father of all crypo's is the standard in cryptocurrency.But an altcoin,from its name alternative coin, is really an alternative one.
    Indeed,  bitcoin could  really stand alone  without  those alts  as you said   its the father  of all crypto and altcoin are  just dependent  in to  it, as you can see those altcoin could  only be exchanged  by bitcoin itself  these means  alts  are  just  alternative , the name  speaks  for itself. Same  as  you said.  Theres  nothing to worry  about  if  bitcoin   would be the  only  one   remains  without altcoins,as long  the adoption is there it wont die.

    Yes, some years ago there were hardly a few altcoins like dogecoins and all. So yeah bitcoins alone can survive and sometimes I think would be indeed better because there are people who invest in shit coins and loose money then loose faith from BTC too Sad

    At the same if altcoins haven't got existed sure bitcoin won't get such an increased user profiles that is very high compared to altcoins. Altcoins acts to be an competitor, if none is there to compete then it won't be much effective. I personally think altcoins as the boosters for digital currency as well bitcoin's growth.

  • Doamader
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    November 06, 2016, 01:07:58 AM
     #884
    Quote from: darewaller on November 05, 2016, 07:40:47 PM
    Quote from: dunfida on November 04, 2016, 02:57:07 PM
    Quote from: clickerz on November 04, 2016, 02:51:47 PM
    Quote from: Qartersa on November 04, 2016, 02:38:21 PM
    Bitcoin is a currency and none of the currency depends on any other currency, but their strength is depended on its rate of adoption by the people and its regular circulation among the community. The more people accept it the more strength it adopt. So bitcoin is independent to altcoin or any othe crypto currency.

    That is true that bitcoin is independent from altcoin and bitcoin alone I think can survive as long as there are supporters who used it. Bitcoin,the father of all crypo's is the standard in cryptocurrency.But an altcoin,from its name alternative coin, is really an alternative one.

    Indeed,  bitcoin could  really stand alone  without  those alts  as you said   its the father  of all crypto and altcoin are  just dependent  in to  it, as you can see those altcoin could  only be exchanged  by bitcoin itself  these means  alts  are  just  alternative , the name  speaks  for itself. Same  as  you said.  Theres  nothing to worry  about  if  bitcoin   would be the  only  one   remains  without altcoins,as long  the adoption is there it wont die.
    Yes, some years ago there were hardly a few altcoins like dogecoins and all. So yeah bitcoins alone can survive and sometimes I think would be indeed better because there are people who invest in shit coins and loose money then loose faith from BTC too Sad

    Well i do understand that some people had lost some bitcoins into shit coins, and those will keep happening as people does invest into icos of coins that has nothing besides a wallet to make live and use. But the same way some had loose bitcoins others had been able to multiply their bitcoins with altcoins.

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    November 06, 2016, 04:38:12 AM
     #885
    Quote from: OmegaStarScream on November 24, 2015, 05:43:15 PM
    I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
    I mean it would be better with or without them Bitcoin would have no value at all ?

    Currently BTC only real use is to buy Alts.
    Remove Alts and you removed their largest use and in return increase the amount of BTC, not in use which would decrease the price of BTC.


     Cool

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    November 06, 2016, 04:40:12 AM
     #886
    The altcoins are nice because they make alternative currencies now like a Forex system, just like fiat currencies.  Commodities/metals/fiats/cryptos.
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  • paramind22
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    November 06, 2016, 04:41:27 AM
     #887
    Quote from: kiklo on November 06, 2016, 04:38:12 AM
    Quote from: OmegaStarScream on November 24, 2015, 05:43:15 PM
    I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
    I mean it would be better with or without them Bitcoin would have no value at all ?

    Currently BTC only real use is to buy Alts.
    Remove Alts and you removed their largest use and in return increase the amount of BTC, not in use which would decrease the price of BTC.


     Cool



    You can buy a lot of things besides altcoins with BTC.  As the saying goes, gotta know where to shop.  (kind of crass but fits here)
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  • kiklo
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    November 06, 2016, 05:03:29 AM
     #888
    Quote from: paramind22 on November 06, 2016, 04:41:27 AM
    Quote from: kiklo on November 06, 2016, 04:38:12 AM
    Quote from: OmegaStarScream on November 24, 2015, 05:43:15 PM
    I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
    I mean it would be better with or without them Bitcoin would have no value at all ?

    Currently BTC only real use is to buy Alts.
    Remove Alts and you removed their largest use and in return increase the amount of BTC, not in use which would decrease the price of BTC.


     Cool



    You can buy a lot of things besides altcoins with BTC.  As the saying goes, gotta know where to shop.  (kind of crass but fits here)

    You buy an item , and the vendor exchanges BTC for Fiat to run the business, causing a decrease in price.
    Altcoins provide a never ending market to constantly buy BTC , this causes an increase because many BTC are used for nothing more that supporting the price of Alts taking them out of general supply. You will not get that from just buying goods & services, as the BTC will be sold almost immediately by 90% of the vendors.

     Cool

  • Harlot
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    November 06, 2016, 05:19:22 AM
     #889
    Quote from: kiklo on November 06, 2016, 04:38:12 AM
    Quote from: OmegaStarScream on November 24, 2015, 05:43:15 PM
    I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
    I mean it would be better with or without them Bitcoin would have no value at all ?

    Currently BTC only real use is to buy Alts.
    Remove Alts and you removed their largest use and in return increase the amount of BTC, not in use which would decrease the price of BTC.


     Cool


    I disagree with what you have said about the only use of bitcoin is buying alts. If that is true no one will be using bitcoin as a mode of payment like how Steam accepts bitcoin to buy in there store. I mean bitcoin is the most successful Cryptocurrency to date to prove it, it's price is way ahead of other cryptocurrency out there also how businesses starting to accept bitcoin as a mode of payment which shows other altcoins are no match to bitcoin.

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    November 06, 2016, 05:29:50 AM
     #890
    I hope today altcoin are surveying because of bitcoin only, now days bitcoin became on most wanted commodity like gold.

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  • uname
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    November 06, 2016, 06:05:11 AM
     #891
    Quote from: paramind22 on November 06, 2016, 04:40:12 AM
    The altcoins are nice because they make alternative currencies now like a Forex system, just like fiat currencies.  Commodities/metals/fiats/cryptos.
    yeah altcoin is a great alternativ jikau want to choose cryptocurrency other than bitcoin to invest, but I think even without any altcoin, bitcoin will certainly continue to live.
    altcoin only option

  • truongdhnh
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    November 06, 2016, 06:08:14 AM
     #892
    Quote from: uname on November 06, 2016, 06:05:11 AM
    Quote from: paramind22 on November 06, 2016, 04:40:12 AM
    The altcoins are nice because they make alternative currencies now like a Forex system, just like fiat currencies.  Commodities/metals/fiats/cryptos.
    yeah altcoin is a great alternativ jikau want to choose cryptocurrency other than bitcoin to invest, but I think even without any altcoin, bitcoin will certainly continue to live.
    altcoin only option

    I think we're in an altcoin bubble again currently. We're not seeing any real innovation or value creation, but rather a series of pumps (Azure related news, often), dumps and essentially Bitcoin "hedging".

  • OrangeII
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    November 06, 2016, 06:45:02 AM
     #893
    I think that bitcoin without atcoin will make bitcoin prices declined. Well, most likely boosted the price becomes higher bitcoin is altcoin, because all altcoin always focused on bitcoin. so if one large altcoin disappeared, perhaps it will make bitcoin prices decline
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  • kiklo
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    November 06, 2016, 06:53:57 AM
     #894
    Quote from: Harlot on November 06, 2016, 05:19:22 AM
    Quote from: kiklo on November 06, 2016, 04:38:12 AM
    Quote from: OmegaStarScream on November 24, 2015, 05:43:15 PM
    I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
    I mean it would be better with or without them Bitcoin would have no value at all ?

    Currently BTC only real use is to buy Alts.
    Remove Alts and you removed their largest use and in return increase the amount of BTC, not in use which would decrease the price of BTC.


     Cool

    I disagree with what you have said about the only use of bitcoin is buying alts. If that is true no one will be using bitcoin as a mode of payment like how Steam accepts bitcoin to buy in there store. I mean bitcoin is the most successful Cryptocurrency to date to prove it, it's price is way ahead of other cryptocurrency out there also how businesses starting to accept bitcoin as a mode of payment which shows other altcoins are no match to bitcoin.

    Ok,
    I only use BTC to buy altcoins, credit cards or cash for everything else.
    Without alts , BTC would never see any conversion of fiat from me.
    With the fact , that BTC is owned by the Chinese Mining Pools, to me it is no different than Paypal.
    The only reason Alts are behind BTC is the majority of people have barely even heard of BTC much less Alts.
    In Time , that will change and a reevaluation of BTC worth & capabilities verses Alts with it.

     Cool

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    November 06, 2016, 07:09:40 AM
     #895
    Bitcoin is the only most strong currency when we look over at growth chart than there is still very huge potential exist, altcoins are just pump and dump without use in real life so it's not important for bitcoin because it's much stronger and growing more faster day by day.

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    November 06, 2016, 07:41:42 AM
     #896
    Quote from: mkmdoc on November 06, 2016, 05:29:50 AM
    I hope today altcoin are surveying because of bitcoin only, now days bitcoin became on most wanted commodity like gold.
    even the bitcoin are more convenient rather than gold and why because the people are can have them for suitable with their own money and it's not like a gold, the characteristic of bitcoin can merged for all of the level person in our community.
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  • Red-Apple
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    November 06, 2016, 12:04:23 PM
     #897
    Quote from: kiklo on November 06, 2016, 06:53:57 AM
    Quote from: Harlot on November 06, 2016, 05:19:22 AM
    Quote from: kiklo on November 06, 2016, 04:38:12 AM
    Quote from: OmegaStarScream on November 24, 2015, 05:43:15 PM
    I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
    I mean it would be better with or without them Bitcoin would have no value at all ?

    Currently BTC only real use is to buy Alts.
    Remove Alts and you removed their largest use and in return increase the amount of BTC, not in use which would decrease the price of BTC.


     Cool

    I disagree with what you have said about the only use of bitcoin is buying alts. If that is true no one will be using bitcoin as a mode of payment like how Steam accepts bitcoin to buy in there store. I mean bitcoin is the most successful Cryptocurrency to date to prove it, it's price is way ahead of other cryptocurrency out there also how businesses starting to accept bitcoin as a mode of payment which shows other altcoins are no match to bitcoin.

    Ok,
    I only use BTC to buy altcoins, credit cards or cash for everything else.
    Without alts , BTC would never see any conversion of fiat from me.
    With the fact , that BTC is owned by the Chinese Mining Pools, to me it is no different than Paypal.
    The only reason Alts are behind BTC is the majority of people have barely even heard of BTC much less Alts.
    In Time , that will change and a reevaluation of BTC worth & capabilities verses Alts with it.

     Cool

    so you are just one guy who thinks this way or at least pretends to think this way. for the rest of us we see the real potential in bitcoin and we use it bot as an investment and an excellent way of transferring money to anyone literary anywhere on the planet.

    name one coin that has any good real world usage Cheesy
    --signature space for rent; sent PM--

  • paramind22
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    November 06, 2016, 03:44:24 PM
     #898
    It's the intellectual climate of the altcoins which make the altcoin infrastructure so appealing.  The good ones, which I think there are over 20, all do different things.  This is why I said it's like Forex, not to see it as a trading platform primarily but a new set of nations which have values. 
    ParaMind Software http://www.paramind.net  Telical Books http://www.telicalbooks.com www.regenerativemusic.net    www.rspearson.com

  • gufpmvgw3334
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    November 06, 2016, 03:48:12 PM
     #899
    I think bitcoin still good or even more better without altcoin. if all developer  focus on btc  and use bitcoin. It will affect the price of bitcoin too, it can be increase a bit high.

  • TheUltraElite
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    November 06, 2016, 05:08:28 PM
     #900
    The fact that new coins are popping up everyday is a thing to worry about. Many of them are just pump and dump schemes and they are actually running to scam people. This has lead to people thinking that bitcoin and other altcoins are actually ponzi schemes and are running just to scam people in the long run.

    Hence bitcoin without altcoin would have been better in my opinion.
     
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