Post
Topic
Board Altcoin Discussion
Re: Funny how bitcoin controls everything
by
KlondikeBear
on 24/07/2015, 10:40:23 UTC
If you are really interested in discussion, not in bashing altcoins with "shit argument" (this common Bitcointalk's association fallacy)
https://en.wikipedia.org/wiki/Association_fallacy
https://en.wikipedia.org/wiki/Reductio_ad_Hitlerum,
I will answer.

I'm not a technician either. Have some background in economics though.
I'm happy to be digital currency "missionary", be it Bitcoin, or Mooncoin.
I hate banks, any stupid control, centralization, unfairness of world capital distribution.

Do you realize that if anybody tells about altcoins to people not involved in cryptocurrency he anyway will need to tell about Bitcoin, first?
Any altcoin's promotion promotes Bitcoin, but not any Bitcoin promotion promotes altcoins.
Then: common people always worry they are late for Bitcoin train. Many of them would prefer promising altcoins.
Yes, I know, there may be a chance of $10,000 for 1 BTC, but there are risks also. Future is pretty unpredictable, if it is economy and finance.
It was tulips mania, dot com bubble, some investors believed investments in the manufacture of detachable collars or the horse carriages would always increase (both were significant industries in 19th century).

Not everybody is a technician, programmer or so much enthusiast.
I am not a programmer, though I know quite a lot on the matter, I am not an economist, and I have many other hobbies to waste my time onto Cheesy
So I only watch cryptocurrencies as an investment, and so my other hobby is try to predict their behaviour.
So, I can add all your enthusiasm and other enthusiasm of ther hundreds or thousands of boys around the planet about cryptocurrencies, and working on more altcoins, still I don't think they will make such a difference.
They would kick ass much better if they would try to promote Bitcoin... it would be SO NICE to see shop after shop after shop exposing a label BITCOIN ACCEPTED... I would so much love it.

Can we say that people who buy Bitcoin just want to earn more usd?

People buy altercoin is just to want to earn more bitcoin, that's it.
                                                          

Altcoins are being implemented and some crypto fans prefer altcoins to bitcoin.
There are reasons and arguments, but BTC people ignore them, and that is their decision and view, for sure,
I just don't understand why they think they are right, providing one "shit argument" only.
 
you will need to trade them in for one of the major coins, and depending on where you want to spend them, that likely means bitcoins and not one of the other main alts.

And that's why I think that altcoins are worthless at the moment.
You want to pay with a cryptocurrency?
Bitcoin is implemented, altcoins are not.
Very easy.

Let's imagine Citigroup, or another whale, or maybe Satoshi is back and has created A COIN with more users and higher market capitalization than Bitcoin and better network, more secure and innovative, more implemented into market etc...
Yes, I know, you cannot imagine it now, me, neither, but as a thought experiment?
The question is will you continue holding and using your beloved BTC then? If your answer yes, you can understand altcoin communities.
If no, then you just care about your profits, not about idea. You know, sometimes he, who cares more about profits, gets losses only.