Topic: Alt coins in the next century - page 4. (Read 907 times)

Growth is a possible outcome. How many times did we see the altcoin market going green just because Bitcoin also went up? As Bitcoin becomes a legal tender than means usage and demand and that also means higher value.
This is difficult to answer as we don't see the future. You are asking if we have a crystal ball that already saw what will happen.
Good competition, that's the only part of why they still exist. Ethereum and BNB most likely will stay because of their usage. BNB as a coin for trading in Binance for cheaper fees and for their blockchain.
Trade it whenever you see profits, do not fall in love with altcoins, especially the new ones. The chances for their market value to sink down are higher than for them to gain. Learned from a long experience and it always ends that way with some exceptions. Let's say 3/100.

Altcoins perform various useful functions that cannot be denied by bitcoins. Therefore, altcoins will always be on the cryptocurrency market as long as the cryptocurrency exists. But altcoins have their own problems, as a result of which they, as a rule, do not exist for a long time.
I do not think that the price volatility of cryptocurrencies, including bitcoin, will fall significantly over time, because there will always be an uncontrollable supply and demand ratio.
Selling or holding altcoins depends on the prospects of each project, and it is rather difficult to determine the prospects, because this indicator depends on many factors, including hidden ones.

I think that when Bitcoin becomes legal tender, alt coins will experience both growth and volatility. Some people will definitely jump into Bitcoin, but others will stay invested in alt coins that they believe in. It will ultimately depend on the specific alt coin and its use case.

First of all, Bitcoin's volatility isn't a problem, so we shouldn't consider it that, if it wasn't volatile, I doubt this many people would have liked it and it would never be a cryptocurrency worth this much, and, Bitcoin is also not volatile because of mining, but it's because of the increasing demand and the rule of demand and supply.

And I think most of the altcoins will probably die and the ones with actual utilities and strong projects might stay around since even if Bitcoin becomes a legal tender, it will still be there and nothing will change for market makers and traders, so altcoins that survive will still be kicking.

And, some altcoins are worth holding like ETH, but most of them are only good for short-term trading since they contain a lot of risks.

who should know? but there is a  big possibilities that this will happen mate.

then altcoin will also have their time after bitcoin but this will take long.
and this is another question for me hard to answer.
altcoins and bitcoin has their own purpose and that is to be used so year HODL is just a part use but the circulation is a must.

The term altcoin refers to tens of thousands of coins which are independent from each other so it is not possible to give a general answer regarding their future, some will fail and some will succeed, however the majority of the altcoins will fail for two simple reasons, the first reason is that even if an altcoin is any good there could always appear a new coin which is even better and make the first coin to disappear, while the second reason altcoins fail is that they were simply a money grab by the developers and they do not care about the long term prospects of their project at all.

The only reason for Altcoin to survive in the next century is to have a real project, a strong team, and a follower capable of continuous development.

For me yes "altcoins should be traded instead of HODL" at least the vast majority of them because so far the altcoins in the market have little confidence except for Ethereum.

As you can see as days passes by the more altcoin are being launched and the more we are having new concepts concerning altcoins, so if bitcoin become legal tender as you said, the altcoin would still be there and may positively be affected by price of bitcoin, and none would compete with bitcoin. Know something very import that not all altcoin that have come to stay, some may be of a deceit in other to scam investors but i still have the hope that by then there may be a better way of securing investors funds whenever a new project wants to launched this could be possible if bitcoin is being accepted as a legal tender. 

This best option left by you, you may decides to hold or trade it.
If those altcoin are promising coin such as ETH, BNB MATIC and any other reputable altcoin you may hold because they have a brighter future.

An altcoin with a real purpose may be here to stay like Bitcoin but it can never be like Bitcoin and if you must invest in an altcoin even if it's an altcoin with a real purpose if the project team is not the project's number one enthusiast don't invest in it.

There huge possibility for some altcoins to experience a massive pump in price if Bitcoin is legal tender but not all altcoin though.

Bitcoin doesn't rely upon any altcoin and it's the altcoin that relies on the trend of Bitcoin to determine there next momentum. Bitcoin will never be generally accepted and won't be legal tender either due to some government political practice and understanding. However, if BTC is fully mined some reputable altcoins will get more traffic.

The altcoin that will survive will the next century will be altcoins that solve some drawbacks in crypto and also have vast utility with use case.

Altcoin can be traded and hodl but be sure of the altcoin will be relevant in the market for at least in the next 4years of market

Nothing in general. We're just seeing the natural growth for bitcoin and its adoption.

Creation of newer altcoins won't be stopped and that is because a developer think that he's better than the others and solving their scalable problems.

We will never know, we might be no longer here in this world by that time.

Yeah, I guess so that most of them should be traded.

If bitcoin becomes legal tender, altcoins will experience massive growth but there may be competition between coins for entry into the top altcoins that can grow. And I think some altcoins can also be legal tender with bitcoins.

If bitcoin were to stabilize, people would seek to profit from the difference in the buying and selling prices of altcoins and price volatility issues would probably occur for altcoins. Altcoins can survive market price fluctuations. And I guess new coins will be created later to complement the existing ones.

The reason is money. Every developer wants to benefit from their project and that's normal.

For now, altcoins are still traded and also held by some people. You may have heard of people holding altcoins for a long time because they haven't hit their highest price yet or because there is greater potential in the future so people want to hold onto them longer.

Bitcoin had already been made a legal tender in El-Savador ans Central African Republic, we cannot concluded that bitcoin will eradicate every other cryptocurrencies but can render some of them less effective since many of the altcoins have no focused agenda to being a digital currency, they ended up being trash project befau of thise behind them.


Bitcoi will likely be the global reserved currency at last, this may tarry but we can achieve it, some of the altcoins might have vanished away, bitcoin cannot be stable because it is volatile, this will remain always as it is even when the entire blocks had been mined in bitcoin.


Some may survive while others may not, but not until then, every other crypto remain centralized except bitcoin, this is another reason enough.


Your decision lies on that, but remember you're taking a risk that could take away all your investment asset on altcoins anytime.

When we say "altcoins" we are talking about a massive world that consists of a lot of different projects (a couple of categories). So we have to be clear which category we are talking about.

The main category of altcoins are those that are usually referred to as "shitcoins". These are useless coins usually with severe flaws and exploits that are also usually centralized. In one word we can call them "useless".
These coins will continue to exist under all circumstances because the purpose they serve is for gamblers to make bets on their prices and participate in their pump and dumps to make a quick profit.
All tokens and token creation platforms are part of this category.

Another category of altcoins are those that tried a different approach, like using a different mining algorithm (eg. LTC). These coins had nice ideas but none of them could solve any real problem which means they can be considered "failed projects".
They will lose popularity over time and eventually die in the future. Again this is regardless of what happens to bitcoin.

A final category could be same as the one before but coins that had some innovation and could solve some actual problem hence gain some utility (eg. XMR). These coins will remain relevant and could even grow over time. But their future heavily depends on their competition, meaning if another project comes along with better innovation that solves the issues they had (eg. scaling problems of XMR) they would easily and quickly replace the said coins.
Bitcoin's mass adoption could make things harder for these coins.

As I see it an alt coin has to have a hook - something that draws the crowds to it, otherwise it is simply a clone of every other coin that has risen and failed.  Coins such as Tron are ideal as they are gateways to alts that are supported on their network unlike Ether or Binance ones that are increasingly pricing themselves out of the market with ever higher fees.  (Bitcoin is another example where even segwit pushing the data in a block down has created a new style of bidding war for transactions to be included within their blocks).

Some of the major cryptos are becoming places to store wealth comparable to silver, gold and platinum over the centuries, but I can't see any one crypto (Bitcoin included) becoming a global currency.

Developers and advocates need to find niche markets for their cryptos even if it's something as simple as a fast food burger chain or a coffee and doughnut stall at a local market.

Nothing I guess, they will still be "alternative" to bitcoin regardless. You don't need to speculate at this one, so far bitcoin's dominance is around 45%-50%, with that it will continue to be the prime mover.


Bitcoin and "stable" does not go in one sentence, it is volatile and going to be as it is based on supply and demand. There will be thousands of altcoins going to be created, as whether it has use case or just pure hype, remains to be seen. Dollar will be challenge, but I doubt that it will simply go down. Maybe you can read this:  Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions


Same as Bitcoin, it should have use case and people are using it for purposes it was design.


It's an asset or others may see some altcoins as Store of Value, so we don't have one size fits all answer for that. It depends on how individuals are going to look at altcoins, if they think it's will give  them good money in the future, then most likely they will HODL. But for traders, then we have exchanges as a medium to do that.

I don't think Bitcoin would deface the presence of alt coins even if it becomes a legal tender, because most alt coins are way cheaper and take in profits although in smaller fraction as compared to BTC. Alt coins want to get bigger too, but the fear is that it doesn't crash sooner than expected.
BTC has shown to be stable over a long duration since its launch and has gained dominance along side Eth which stands strong too.
Alt coins should be traded instead of being kept for long because there's no saying what might happen next.
Also, if altcoins should survive the next century, it would be because of the commitment of the team behind to the success of the coin and it would also be because of good PR and service charge.

Bitcoin has influence on many other coin in the cryptocurrency space but this isn’t to say that bitcoin necessarily have to formal rights to put any Altcoin out of existence regardless of the evolution Bitcoin go through.

Also what do you mean by bitcoin becoming a legal tender? Already people are using bitcoin around the world even in countries that has known disgust for crypto-currency. I don’t believe there would ever be a time the whole world would all agree Bitcoin to be a legal tender at the same time even if that happens altcoins like Ethereum with already existing utilities still Stand good chance.

When bitcoin is fully mined, it does not have to be stable; rather, it will still experience some volatility, no matter how minor, because of supply and demand. If bitcoin becomes legal tender, the crypto market will be the primary focus in the global financial market. As a result, I believe most altcoin investors will strive to make their coins very competitive in the market and would not want the coin to exit the market after a short period of time, as we are experiencing now.


Bitcoin would be the reason they live till then, as well as how powerful the team of altcoin investors are.


It depends on your perspective; in the crypto market, there are several types of cryptocurrency, and their classification determines their place and how long they will be profitable in the market. You'll know what to do with any altcoin if you do your homework well. Overall, you should be aware that altcoins cannot be relied on in the same way that bitcoin can. So if you trade them, you are trading at risk.

Asking Bitcoin when to become a legal tender is like asking when will be the world peace going to happen.

But on the other note for altcoins, they will eventually going to die soon while some may be forgotten and some will still continue to exist just like the ETH and other altcoins that has history. It is true that altcoins are just good for short term investment since most of them are subjected to pump and dump but there are other altcoins that depends on the Bitcoin trend so these are the best to hold for long term just like Bitcoin.

And one thing, even if Bitcoin is fully mined it still won't solve the price volatility because it has nothing and can't do anything to the people trading day by day.

Thats a lot of question but primarily bitcoin will never got like a centralized entity to be stable with. Even it become legal tender, the movement would might still affect altcoins in the long run. Plus not all altcoins are not meant to hold since we knew some or majority of them are premine with an end game approach when VC start selling their loads. Its proven so better pick wise your altcoins.