Option robot review 90% itm option robot binary option auto trading robot review 201612 comments
How to install bitcoin wallet ubuntu
Many people trade in both bitcoin and altcoins, but how many trade in only altcoins? The vast majority of altcoins have bootstrapped themselves to have value because of the insanely low valued transactions that you can do now with digital currencies. This can occur because bitcoin exist. There was no way to do transactions for a tiny amount on the internet before bitcoin—now you can.
With that being said, it is also clear that altcoins have a value outside of bitcoin. Not only are several large exchanges starting to allow altcoin to fiat withdraws, but there is real economic activity preformed with only altcoins.
It is hard to say how much of this value came from dogecoin being able to bootstrap value off bitcoin, but it is clear not all nor none, but somewhere in between. I find it immature and dislike how it pokes fun at cryptocurrencies in general, but perhaps that is also why some people love it. Who am I, or anyone else for that matter, to say what should or should not have value?
In the case of Dogecoin I can see someone in the future make an amazing financial tool to teach kids how to use digital money. It can use that fun, immature, generous identity of Dogecoin to be a place that dogecoin can specialize, and how many other altcoins can specialize as well; through find a niche.
In the post that I linked to at the top I pointed out how Litecoin could be used as a sort of bitcoin insurance. Other currencies can specialize in the same way and have with their own unique attributes to do so , but the real question is more if we are going to see marketmakers do this.
I think we will, but it may take a few years for any of the altcoins to gain their own independent traction, and to find where they really fit. This is a gimme. Scrypt miners have just premiered, and I think that this will cause for a dramatic rise in the price of litecoin again, just as it happened after the bitcoin mining race took off.
Keep in mind the last bubble for bitcoin was driven by the Chinese. If litecoin behaves anything like bitcoin, we should see that ATH both broken, and to never be seen again. Only time will tell. The world needs a decentralized DNS and namecoin could be it. The idea is right, so we will see where they are in a year. Altcoins have an opportunity to present themselves as unique currencies to bitcoin that do not necessary need to compete with bitcoin. Perhaps this could serve as a model for States to covert to a digital currency.
In the end it is going to be the unique qualities of the altcoins which will make them successful. It will be interesting to check back sometime in to see where these coins are and how they are doing. Menu Skip to content. Home About Blog Part I: