Topic: Alt coins in the next century - page 5. (Read 907 times)

If Bitcoin becomes a legal means of payment globally then the growth in altcoins will be great but behind that there must be those who take advantage of the hype moment looking for profits created in new projects but in the end altcoin tokens will die because on average their only goal is to make profits not its use, so people have to sell and prefer bitcoin.

Altcoins can survive if they can do with new innovations but I'm not sure how long altcoins will last when the relative price of bitcoin will be stable but it doesn't reduce its volatility when the market goes bad due to some negative effects.
Fiat currency will still be widely used despite the general acceptance of bitcoin, but I'm not sure in the near future bitcoin will be able to do that.

Altcoins will never go away, in the sense that when many altcoins die because they cannot grow there will be new projects with thousands coming.
Altcoins are only a complement to the market.

The average person trades for short term gains but for HODL then bitcoin is better than altcoin which has a lot of risk.

simple reason, because they have a market interest. and their project is used in the long term. indeed there is no guarantee that the altcoin project will last a very long time. so I won't hold altcoins, or trade them for short term gains.
when a new project produces its altcoin, there will be an increase in the number of altcoins in the future. and also some of them will disappear. when they no longer update the project and lose the market.

Bitcoin is a legal currency in three countries, or do you mean a specific country?
Assuming that the average age of the forum is 15 years old and that the youngest member may be 10 years old, most of us will not live to see the last bitcoins mined, and even those who live will not have the physical ability to understand their reality.

This depends on the definition of any altcoin? Thousands of altcoins *died* in the first 13 years.

Historical data says so.

What most people get wrong is that only a very small subset of altcoins are actually trying to beat bitcoin in its own game(SoV, currency). A lot of altcoins act like stocks. Altcoins are  not like what it used to be like in 2016-2017 where every altcoin is trying to be money.


People continuing to try to start experiments with protocols. That, and because people will continue to be greedy as per usual.


It depends:

* What altcoin?
* Are you actually more better at trading than holding(or vice versa)?

Always remember that there are like hundred thousands of altcoins in different categories(majority of which are scams or are generally crap projects); but you still cant clump them all up together under one umbrella.

1. Bitcoin is already become a legal tender in El Salvador and Central African Republic, I don't see a massive growth, just a normal growth. They didn't sell their altcoins because you can check on CMC where altcoins market cap is still high.

2. Most altcoins will not survive long enough like Bitcoin, it's still 117 years to go. Everyday there's always a new altcoins, no need to wait until Bitcoin reach it's maximum supply.

3. The reason is because Bitcoin still exist and perform very well.

4. Yes.

If Bitcoin becomes legal tender. I don't see an unregulated asset being adopted globally as a legal tender, but if that happen, altcoins would still be in existence. I don't expect a massive growth, maybe a slow decline.

• Altcoins might not last long enough to when Bitcoin is relatively stable. Except of course innovation takes place and better coins are introduced later on.
• I do not think they would survive the test of time, at least not the ones we are seeing now. Altcoins usually move in circles; the ones created over the past 5-9 years have mostly fizzled out, and been replaced by newer ones which would fizzle out later on.
• Yes, new altcoins and tokens are being created all the time.
• For Bitcoin to be generally accepted, native currencies should have become so flawed that they cannot be used snymore.

• Newer innovation.

• Neither. But if you have to, trade.

Definitely when bitcoin gets attention or even a rise Altcoins also receive some kind of attention too. So in the advent of bitcoin being a legal tender( which I strongly doubt it would take longer time for it globally) then if some alts like ethereum are still in circulation many will trade in them but it depends if they would survive till then.


It will be hard to find bitcoin stable because the market will always have the demand and supply effect even after mining has stopped but its volatility will reduce to some extent. So yes this attention will also drive some get quick towards Altcoins and this time around it could be massive since many wouldn’t be expecting much profit bitcoin. But it all depends on the longevity of them


It will simply be bitcoin dominance that is still keeping them but I strong have believe that so many will be out of the market then


If at all one needs to lay a hand on alt coins then it should be for trading only even that is regarded as a risk or gamble. But on account should one hodl them because they have no value with respect to time. Although there are some that gain profits when hodl for some months or years but it hardly surpasses 5 years and they die off or depreciate to insignificant amounts

Most of altcoins die with time, not here to stay like Bitcoin. How many cryptocurrencies failed?


If top altcoins are not strong enough to be survivors, how do you believe in altcoins.
Don't buy altcoins because they are top altcoins

Hello everyone, I made my first post here and the words of advice were really touching(maybe it's because I am weak-hearted) and encouraging. Thank you all for making me feel at home.

Now back to my question. My thoughts were that alternative(Alt) coins were created by organizations or developers to serve as a digital currency for their product or service, or improve on the shortcomings of their parent coin. I believed an alt coin with a real purpose was here to stay like Bitcoin.

But reading certain threads made me realize that my thoughts might be flawed and that maybe alt coins are good for making short gains and not long since some analysts believe they are subject to pump and dump. So would like to know

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance?

3. If alt  coins survive in the next century what is the reason it would.

4. Should alt coins be traded rather than HODL?



I hope my questions aren't too many.

Thank you for your time once again.