Quote from: pinkpanther03 on March 05, 2017, 07:33:55 PM

Quote from: Hazir on August 16, 2016, 01:14:17 PM

Quote from: gentlemand on August 16, 2016, 01:08:01 PM

Quote from: pedrog on August 16, 2016, 12:55:29 PM

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

I could release mysmellyarsecoin tomorrow, print 20 million tokens, hype the shit out of it and put ten up for sale. Hey presto, I've just taken 10% of Bitcoin's market cap.

The coins that have taken Bitcoin's market cap have precisely zero use. That's when they're not forking all over the place.

The main use for all of it is still speculation by a long, long way. Bitcoin is the only one with a sliver of utility. Once that sliver grows, and there really isn't anything else with any utility, then the speculation will recede.

I want to support this arguments. These altcoins were not created as bitcoin upgrade or to innovate crypocurrency. Most of them are simply pump and dump scheme overhyped to seems like 'next big thing'.
News altcoin can possibly more advanced in technical field - for now, because bitcoin can be upgraded. But then never beat one and the most important attribute of BTC - near perfect initial distribution.
Bitcoin was created and was worthless, people noticed is potential and make it valuable. Altcoins are created because their developers want to cut corners and earn fast money.

Agreed, aside from that altcoins is an alternative coin for bitcoin and [1]most of them are anonymous unlike bitcoin as we all know is pseudonymous and [2]some altcoins I think was regulated and bitcoin was unregulated so [3]no wonder why bitcoin now is much more getting higher stronger the amount of value.

Lol, where did you get those ideas? Grin

[1] People believe that bitcoin users are pseudonymous because you can create infinite number of wallets. The same thing is true with altcoins. You're still pseudonymous when you're using altcoins.

[2] That's not true at all. Bitcoin isn't regulated because the government can't do so. The same thing is true with altcoins.

[3] #1 and #2 is wrong so they are definitely not the reason why bitcoin is stronger and have much higher price than all altcoins. Bitcoin is the first one to be here, it's the most established one, and it's the number one crypto currency so anyone that's been using altcoins will eventually use bitcoins.

Oh boy, you were so uninformed about altcoins. Altcoins and bitcoin don't have that much difference except for the owner, market cap, usability, scalability, reliability, and target market.