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Can any cryptocurrency success like BTC?

Discussion in 'CryptoCurrency' started by puremage111, Jun 24, 2015.

  1. puremage111

    puremage111 Registered Member

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    Title :D

    because btc seems to raising back while others are really low in value
     
  2. BalderCocks

    BalderCocks Newbie

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    Hi,

    You are right bitcoin payment has become one of the best method for online payment.
     
  3. bretonel

    bretonel Junior Member

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    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?
     
  4. goodperson

    goodperson Elite Member

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    I think Litecoin will succeed like bitcoins in the future. I'm investing in this one. Hope so
     
  5. bl6ck

    bl6ck Newbie

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    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.
     
  6. Tabaza

    Tabaza Jr. VIP Jr. VIP

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    litecoin for sure is the next generation coin
     
  7. bmacd

    bmacd Newbie

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    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.
     
  8. Rough Driver

    Rough Driver Newbie

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    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
     
  9. PassiveBitcoin

    PassiveBitcoin Newbie

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    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.
     
  10. inperson

    inperson Newbie

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    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.
     
    Last edited: Aug 26, 2015
  11. kuro999

    kuro999 Regular Member

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    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
     
  12. platin

    platin Junior Member

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    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
     
  13. Y Combinator

    Y Combinator Newbie

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    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.)
     
  14. proxygem

    proxygem Newbie

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    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...
     
  15. lifehackinvent

    lifehackinvent Newbie

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    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.
     
  16. SmartGohan

    SmartGohan Newbie

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    LTC definitely has potential, NXT has been rising somewhat steadily
     
  17. cryptocoinzone

    cryptocoinzone Newbie

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    I beleive in Ripple and bitcoin

    /cryptocoinzone
     
  18. chain8lion

    chain8lion Newbie

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    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.
    :D
    but someday there are some stone throwing to the mining process and bam!! they all gone...
     
  19. littleslamanader

    littleslamanader Registered Member

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    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.
     
  20. kimanierick

    kimanierick Junior Member

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    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