Quote from: lixer on August 16, 2019, 03:04:46 PM

Quote from: Lexurdania on August 15, 2019, 02:19:40 AM

Many altcoins don't have real projects and are just like pump and dump projects. If we can diversify our investment in potential bitcoin and altcoin, I think we will get some profits from our investment

The thing that I dont understand about altcoins is that if they all have a very great idea in their whitepaper, what stops them form fully working according to the working product that was proposed on their whitepaper, do I call it laziness or lack of will to just do those things because if you really take a look at some products whitepaper, you will see that most of the product that they propose in their whitepaper is really of good quality but I wonder why we end up seeing some failed projects.

People want to really diversify, but they are not being encouraged by developers of those projects because they are not really making their products that seen and useful like the way bitcoin is, it was not easy when satoshi started also, but he kept on pushing until bitcoin scaled through.

What stops them is the user base! Look at Bitcoin dominance in the cryptomarket, most people still use BTC, for trading, gambling, buying and selling things. Other projects work on that, they are trying to grow their user bases but it`s going slow. Generally, the entire crypto community is not so big, can anyone say how many people use cryptocurrencies at this moment? Maximum 5% of the global population? What you think it will happen when that comes to 10%, and later to 20%? Do you think there will be Bitcoins for all? Of course not, there will be a need for other coins too.
My choice is clear, have some Bitcoins, but have some altcoins too. Some of them are really good and some of them have a bright future.