Discussion in 'CryptoCurrency' started by puremage111, Jun 24, 2015.
because btc seems to raising back while others are really low in value
You are right bitcoin payment has become one of the best method for online payment.
is there a list with details about each cryptocurrency? can you invest in every little one in the hopes that one will rise like btc?
I think Litecoin will succeed like bitcoins in the future. I'm investing in this one. Hope so
It would take something really solid to knock Bitcoin out. IMO none of the others have a long term chance. It's hard enough to get people to take Bitcoin seriously.
litecoin for sure is the next generation coin
In all likelihood, no. It is highly unlikely that any current coin will be able to compare to bitcoin. That does not mean that BTC is the final rendition of crypto-coins. But most coins are just poor clones of BTC and offer nothing of note that would make them superior.
Bitcoin has the network effect supremacy at the moment. But the bitcoin price is facing headwinds due to Bitcoin XT and the whole blocksize debate which has been completely mismanaged by the Foundation IMHO
Litecoin stands to benefit the most from this in the short term but there are others that I think will be Bitcoin 2.0
There are some altcoins that have potential, though many are not meant for 'long term holding'.
There's a few PoS ( Proof of Stake ) coins that are doing relatively well at the moment, but none that will ever be on par with Bitcoin itself.
My Answer is No,
As bitcoin is a original concept developed there is no chances of success for copies of altcoins .
If any altcoin can success, then it may be after collapsing of Bitcoin.
Now there is lots of Drama going on BTC & BitcoinXT. Which damaging bitcoin price.
LTC was high but dropped down hard so really would not invest imo and mining is out of the question in my opinion due to difficulty
you could always prospect mine alt coins but they are a dime a dozen
I don't think so. Bitcoin was successful but there was many headlines with but reputation.
MTGOX for example or Silk road. The price goes down many people think about guilty conscience if they think about crypto currency
Succeed in the same way as Bitcoin? It's unlikely but not impossible. A lot of people have compared Bitcoin to the Internet in the early days but it could also be that Bitcoin is more like the ARPANET than the Internet (The Internet's predecessor, eventually replaced by the Internet - i.e. another cryptocurrency.) If it were true that Bitcoin was like ARPANET, then this would imply that it would eventually be replaced by better technology far more suitable for payments and consensus. Interestingly enough, there are a lot of cryptocurrencies out there at the moment that would fit this description. Even something originally started as a joke (Dogecoin) has huge advantages over Bitcoin, namely confirmation speed and better currency psychology (Dogecoin millionaire effect ) so it's definitely possible.
If you're asking whether any cryptocurrency can succeed today then you also need to consider that things aren't the same as they were in early days of Bitcoin. You can no longer just copy and paste the Bitcoin code and start an empire. Cryptocurrencies these days are serious, serious business that require teams of funded developers who then need to make borderline breakthroughs in economics just to get initial users (that - or have a group of dedicated pump and dumpers - but most smart traders know to stay away from such projects.)
This is a very volatile niche.
Way more people actually lost money vs. ones that made any in a long run.
I say find a long exisitng currency that fluctuate for a long and play on high / lows.
I would say NET, ARG are the ones that go up and down.
Many just go down...
I definitely things that other coins, besides BTC, have huge potential too. Just look at LTC or Doge - ofcourse, the price is constantly changing, but they had crazy high values earlier this year. The crypto game is unpredictable, but I definitely would not put my investment ONLY into btc.
LTC definitely has potential, NXT has been rising somewhat steadily
I beleive in Ripple and bitcoin
BitCoin value is increasing because more people buy it,
but there are low level of selling it, they keep the coin in large quantity as investation i think.
but someday there are some stone throwing to the mining process and bam!! they all gone...
Bitcoin payment is the most reliable tool. I didn't find cryptocurrency services like BTC. In short, there is no rival of BTC in e-market till yet.
they also have the potential to rise just as bitcoin did. the only challenge is against the bitcoin, once it does a very slight mistake then the other such as LTC will overtake it./ but I dont think that can happen soon. It is also good tom invest in LTC just in case. you never know when the miracle takes place
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