Author Topic: What an Altcoin has to do to pass Bitcoin (Altcoin Herald and Reddit discussion)  (Read 1968 times)

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Offline Empirical1.1

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The bitcoin I have left makes me sad.  Though today it is dragging down every crypto.  Top 25 coins on coinmarketcap all red. 

Maybe that crash this morning was the bottom and it can rally for a while.


If bitcoin is rising it is going to be a LOT easier for bitshares to do well.  Right now the whole crypto sector is severely depressed.


When Bitcoin is doing badly it means POW is doing badly, Litecoin would be vulnerable.

Now would have been optimal to attack & make a play for no.2 spot.

Imagine Bitcoin down 10% all of the POW's down. It's carnage out there. People are dumping, looking for something. BitGold & BitUSD are in the top 20 doing heavy volume. BTSX is in the green. Ads on CMC and Coindesk. A 10 strong Q&A and promo team takes over the alt section and Reddit.

So yeah I think a little POW weakness is good and a 10% Bitcoin down day would be the perfect time to unleash and advertise a no dilution profitable BTSX DAC and BitAssets.

(Edit: If you get and solidify no.2 then Bitcoin rising is good.)
« Last Edit: October 04, 2014, 06:25:38 pm by Empirical1.1 »

Offline Ander

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The bitcoin I have left makes me sad.  Though today it is dragging down every crypto.  Top 25 coins on coinmarketcap all red. 

Maybe that crash this morning was the bottom and it can rally for a while.


If bitcoin is rising it is going to be a LOT easier for bitshares to do well.  Right now the whole crypto sector is severely depressed. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Empirical1.1

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Or maybe bitcoin will just crash all the way to 0, and all an altcoin has to do to pass it is survive.   :o

Not the craziest idea I've ever heard.

BTSX is on a slow and steady uptrend in BTC terms probably pass our all time high vs. Bitcoin soon enough.

A -10% BTC day is actually marketing gold, if we were ready for it, while we're still going for no.2 https://bitsharestalk.org/index.php?topic=9603.msg125707#msg125707

I mean, I actually bought more BTSX myself today, surprisingly.

Offline Ander

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Or maybe bitcoin will just crash all the way to 0, and all an altcoin has to do to pass it is survive.   :o
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline santaclause102

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Does the article say s.t. about how that decoupling should be done? :)


Offline donkeypong

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From Altcoin Herald. This article only offers one idea: to pass Bitcoin, an altcoin needs to establish an independent value (so people don't trade it for BTC). It suggests several altcoins are making progress on this, but the article is pretty bland. I probably would add that BTSX/BitUSD provides some other features that Bitcoin lacks: (1) faster speed, (2) choice of keeping your money in an appreciating currency (BTSX) or in the market pegged currency (BitUSD), and (3) no mining inflation. In other words, if people give BitShares a try, they'll find that it out-Bitcoins Bitcoin.

https://altcoinherald.com/altcoin-pass-bitcoin/


If you agree want to mention what advantages you would be looking for in a better currency, then please consider helping out in this Reddit thread (I didn't start the fire, but I'm fanning the flames):

http://www.reddit.com/r/CryptoCurrency/comments/2i6l8x/what_an_altcoin_has_to_do_to_pass_ahead_of_btc/