Wow, lots different denominations, I always get confused when I see these used on websites.  I'd rather just see the amount in bits or whole bitcoin.

For the most part I don't understand super technical abilities of a coin, and for the most part the only advancement I need is super fast and cheap confirmations.  However I do understand the basic concepts of contract coins like ether and security coins like zcash.  Do you care how advanced a coin is aside from transaction speed?  Do you feel additional security features of coins make them more appealing? Should more coins offer contract creation ability? 

Most of the coins needs long term investment because it takes time for an idea or  product of the project to hit the market. Every project has a laid down guide lines known as the road map. The full realization or potential of a good project follows the road map which usually comes as long term.

I believe so too, a part of me feels like crypto was invented for the future, which is still not fully here.  The ideas of crypto can creep into other businesses as well, and replace stock holding eventually.

Ethereum is a threat to bitcoin? Yes it is. We all know that ethereum was created by a russian programmer on 2013, and it was launched on 2015. After 3 years it is next to bitcoin in terms of popularity and value.

Let me show you some NBA perspective on this, bitcoin is the king of cryptocurrency right? same as LeBron as the king of NBA. But here comes ethereum the prince of cryptocurrency just like Ben Simmons as the prince of the NBA. The prince will dethrone the king on the eastern conference finals same as ethereum that will dethrone bitcoin in the next couple of years. Wether we like it or not the king will reach its limit. Mark my word. Trust the ethereum process!

I don't think ether is more of a threat to bitcoin than crude oil is to gold.  Both are valuable resources and probably will have it's own price based on demand.  Ether is valuable for ICO, but bitcoin is original, and many people like it for store of wealth.

International payment platform GoCoin has today announced plans to support dogecoin.The move means merchants using the platform will soon be able to accept payments in the canine currency, in addition to GoCoin's existing currencies, bitcoin and litecoin."We've been carefully prioritizing the latest altcoins, and dogecoin really stands out as a viable currency due, in large part, to the strength of its community," said GoCoin founder and CEO Steve Beauregard.

Nice, glad to hear of the good news.  We might see better dogecoin integration as time goes on, as well as use in other platforms, social and gaming.

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

I like the combination of both, banking for savings that can't be risked, and crypto for disposable income, for future growth.

Although most of the indigenous people in Africa are not ICT and technology inclined, Africa is one of the good continents for crypto. Most of the countries are developing whereas some are underdeveloped with low economic status.
Bringing crypto to the people will boost the economy as it generates job opportunities and harness the payment systems as well.

Would be nice to see some sort of prototype crypto villages, where the housing and the food is paid for by the mining, from the sun.  Overall I think it's a good fit, both for currency stability and preventing dollar forgery.

Quote from: Iconetlife on October 25, 2018, 07:20:01 PM

Quote from: moonking on October 25, 2018, 05:00:20 PM

Yes from all the posts, I get the idea that even if I don't invest in bitcoin, I shouldn't completely ignore it.  As it is a good indicator for other currencies as well.

Right, you must understand that alts trading is only for collecting bitcoin. The bitcoin network has been trusted by many people, even now the active bitcoin wallet is the highest use. So, in time you will benefit from a lot of trade.

Interesting point of view that trading to cumulate bitcoin.
It should be applied in market you live.
Do you do the same in bear market?

I have a slightly different strategy, I buy cheap altcoins that I really like, Doge, Litecoin, Peercoin, with the idea that if bitcoin jumps, they might jump more.  If something jumps independently of the market, I might sell half and buy other cheap coins.  Next five years will be interesting in crypto world, as legalization and banning news might stir the market.