Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Denker
on 22/08/2017, 16:44:11 UTC
Nothing is an incentive to convert BTC to any altcoin. That's like stabbing yourself in the foot. I'd rather want an direct fiat option to buy GB.

This statement has no actual basis in fact. Yes BTC came first. Yes it's the current market leader. Yes it's the closest to being considered an actual currency.

However we're dealing in technology here. It's highly likely that many "alts" will outperform BTC from this point forward. Many smart people intend to profit in this way.

That's a tough call.
So far no altcoin has ever outperformed Bitcoin. You underestimate the network effect and BTC's first mover advantage. Bitcoin's industry and ecosystem is huge and most alts don't even have that.Bitcoin gets all the media attention, hardly any altcoin. Furthermore with the activation of SegWit lots of new implementations will push bitcoin even more forward and niche business models of many alts may become obsolete.Alts will stay here for speculation! But never as an investment.99% of traders convert their profits into fiat or BTC! This is the truth!