Bitcoin is what it is now thanks to altcoins, a lot, lot of people join to crypto thanks to altcoins like Doge, and that since years ago.
Just imagine a nocoiner trying to send bitcoin to a wrong address, or made a mistake writing the amount to send like a fee instead.
A nocoiner trying to upgrade his bitcoin wallet without backup up his wallet dat file.
Nocoiners need altcoins to learn about crypto and how to send transactions without fear, altcoins are necessary to practice.
Also the point on just telling a nocoiner to invest +8,000 usd to buy only 1 bitcoin, nobody likes to have .01 or .001, 8k usd is a lot of money for most people around the world
Global population distribution by income
15% are totally Poor
56% survive with Low income
13% are Middle class
9% Upper-middle class
7% Highest income
Forget about Poor and Low income people, the income for middle class is around 50-60k usd per year, we really think they can spend 8k usd to buy a single bitcoin
Thats leave only 15% of world people able to invest in 1 bitcoin.
But thanks to altcoins around 29% of world can afford to buy 1 ethereum or 1 litecoin
Thanks to alcoins 85% of world can afford to buy 1 Ripple or 1 Doge
Altcoins are necessary for Bitcoin to survive.
Topic: Altcoiners, don't give up yet. Bitcoin can't do it alone. - page 5. (Read 1053 times)
For me even some users don't like altcoins still they have different worth like they are also useful and helpful here in crypto world
Then if you base in the past i think altcoins now run for so long period of time so that's trusted already and we know a lot really have development then still continue another thing i think in future they much useful and helpful than Bitcoin now then actually we already experience this because they brings so much convebience now
Then if you base in the past i think altcoins now run for so long period of time so that's trusted already and we know a lot really have development then still continue another thing i think in future they much useful and helpful than Bitcoin now then actually we already experience this because they brings so much convebience now
of course that means when the project is truly consistent to continue to build better then it is a struggle and effort that will definitely be appreciated for the users themselves. so even though this is an alternative coin, the project behind it is proof that this coin will be more useful for many elements
My understanding is that bitcoin develops with the existence of altcoin, every altcoin rises always has competition or competition in cryptocurrency, but there are some of altcoins who no longer gain trust because they do not have vision and mission so they cannot survive, I think that altcoin has a great relation to building the price of bitcoin
You have the right understanding, BTC definitely develops with the existence of altcoins. More than that altcoins depend on BTC but BTC doesn't depend on altcoins, it is a chain reaction. l would say altcoins is the thing that makes more meaning in the entire crypto space. As you mentioned every altcoin has not the same progress, some of them can not survive, all of them don't have the same vision and same advantage for the crypto investors. 
You are absolutely right, mate. I was expected a thread like this one, thanks for the heads up. Altcoins holders are suffering for a couple of months! Bitcoin did not bring all the millions of the people in the crypto. Every year's lots of people are joining in the crypto, it's because of new altcoins. Without altcoins, bitcoin can't go forward with this spirit.
Bitcoin can survive without altcoin and altcoin can not survive without Bitcoin. But altcoin will not disappear and never, that is for sure. Altcoin will not disappear because people will always try to find something after they get one. just like what a Wiseman ever said, if you get one mountain full of gold. You will not satisfy and you will try to find another mountain.
and the rise of Bitcoin is not because of the altcoin. Instead, it's happening because people started to realize the importance of technology.
do not be delusional
You are absolutely right, mate. I was expected a thread like this one, thanks for the heads up. Altcoins holders are suffering for a couple of months! Bitcoin did not bring all the millions of the people in the crypto. Every year's lots of people are joining in the crypto, it's because of new altcoins. Without altcoins, bitcoin can't go forward with this spirit.
Altcoins will not disappear, it’s a fact, because you by yourself can see how many top altcoins work with big companies that need altcoin technologies such as ethereum, ripple and it is worth noting that there are a lot of such companies and there are more and more such companies constantly, so the top altcoins will have a good future, but the new altcoins that appear every day in the cryptocurrency sphere will experience enormous difficulties and many of them will disappear after some time,
To me this is not about old altcoins versus new altcoins, this is about whether or not a coin brings something of value to the community, if a coin is a copy of other projects or it is just a derivative project without any merit then that coin is going to fail regardless of how much time it has been on the market, the coins that will survive the current market conditions are those that have active developers that are actually trying to do something new in the market.Even if the coin is not as good as the developers thought it would be at least that will give us an answer to the question of how we can improve the market of cryptocurrencies, it will tell to us that is not the way and that is as important as knowing which is the correct way to implement a cryptocurrency.
How many altcoins do you see in coinmarketcap ? Only around 2900. Now consider if every business / project has its own coin, there are still very less altcoins available in the world right now.
In real life, we see many people doing the same business, so why can't two different coins be working on the same project prototype ?
Altcoins will not disappear, it’s a fact, because you by yourself can see how many top altcoins work with big companies that need altcoin technologies such as ethereum, ripple and it is worth noting that there are a lot of such companies and there are more and more such companies constantly, so the top altcoins will have a good future, but the new altcoins that appear every day in the cryptocurrency sphere will experience enormous difficulties and many of them will disappear after some time,
To me this is not about old altcoins versus new altcoins, this is about whether or not a coin brings something of value to the community, if a coin is a copy of other projects or it is just a derivative project without any merit then that coin is going to fail regardless of how much time it has been on the market, the coins that will survive the current market conditions are those that have active developers that are actually trying to do something new in the market.Even if the coin is not as good as the developers thought it would be at least that will give us an answer to the question of how we can improve the market of cryptocurrencies, it will tell to us that is not the way and that is as important as knowing which is the correct way to implement a cryptocurrency.
I had same idea in 2017, when I spend all my money on altcoins because I thought that Bitcoin is too old and to slow and it will be replaced by better altcoins. But this will never happen, so do not speculate on altcoins. Buy Bitcoin.
as long as bitcoin survive altcoin will survive too
the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have .
to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive . good thing altcoins have these benefits .
With good judgement and trust with the project that you support, everything will turn out good for long-term success.
With regards to your last statement, I guess that bitcoin cannot survive alone if there could be no altcoin. I mean, since alts were created, bitcoin and alts are meant to live at the same system and IT IS STILL GROWING! Another one is they are creating competition. Alts are creating competition. There are some alts that are focusing in card payments, some are exchanges coins and many more.
as long as bitcoin survive altcoin will survive too
the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have .
to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive . good thing altcoins have these benefits .
I could not agree more than this, pretty simple yet it is hard to understand by most people.
the reason why Altcoin exists is due to Bitcoin, not the other hand.
Altcoin is created to be a subsidiary of Bitcoin itself, even if altcoin is gone. It will not affect Bitcoin that much, even it probably helps Bitcoin to reach its new ATH or a new goal.
we have a lot of altcoins right now, and almost all of them are nothing but copy-paste project without any benefit to the community or Bitcoin.
as long as bitcoin survive altcoin will survive too
the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have .
to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive . good thing altcoins have these benefits .
yes yes, i really like your thought. Our market operates well based on altcoins, they are businesses that create real value for the whole market. Bitcoin is essentially just a normal coin with nothing special except the earliest appearance in cryptocurrencies. I still hope that someday, everyone will realize this thought of me and you, at which point the market will once again topple bitcoin and altcoins will be crowned.
I agree that not all altcoins are bad. Altcoin's performance which has plummeted at this time could have been because investors prefer bitcoin as a safe haven due to uncertain global economic conditions. Investors might not be dependent solely on bitcoin because investors would think it is too risky to only hold one portfolio.
What kind of crazy investors think that bitcoin can be a safe haven? Historically, gold is a (limited) safe haven. Bitcoin is high risk - high return asset, not a safe haven.Cryptocurrency portfolio? Seriously in 2019 you still believe in such thing? Altcoin got REKT because simply the majority of it doesn't have value in the first place.
Altcoins will not disappear, it’s a fact, because you by yourself can see how many top altcoins work with big companies that need altcoin technologies such as ethereum, ripple and it is worth noting that there are a lot of such companies and there are more and more such companies constantly, so the top altcoins will have a good future, but the new altcoins that appear every day in the cryptocurrency sphere will experience enormous difficulties and many of them will disappear after some time,
as long as bitcoin survive altcoin will survive too
the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have .
to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive . good thing altcoins have these benefits .
A very interesting write up and nice analysis. Altcoins have come a long way in the crypto space, the have helped made Bitcoin go much further than it has already gone. Altcoins go a long way to provide in places where Bitcoin lacks and that's very important for the survival of Cryptocurrency.
Thinking about cryptocurrencies and thinking only about BTC is wrong in several aspects... this is a world that started small with BTC paving the road, but it has grown far beyond that and the alts became an integral part of it...
Although there are alts that seem to compete with BTC in terms of use case, there are a lot of alts that are used for different purposes than BTC...
The alt market has boomed in shitcoins, P&D schemes, and copies over copies of the same projects.... so, it is necessary that a whole lot of these alts dissapear so that the market can regain it's strenght
Although there are alts that seem to compete with BTC in terms of use case, there are a lot of alts that are used for different purposes than BTC...
The alt market has boomed in shitcoins, P&D schemes, and copies over copies of the same projects.... so, it is necessary that a whole lot of these alts dissapear so that the market can regain it's strenght
I think Cryptocurrency will not live without altcoins. Cryptocurrency can be as famous as now because of the large number of altcoins that have sprung up.
At this time altcoin is down sharply but that does not mean altcoin will die. Altcoin will still survive because until now altcoin is still in demand and favor. There are still many altcoins that have good prospects.
I think it is a good time for us to buy potential altcoins so if it's time for the altcoin season to arrive we get profit.
At this time altcoin is down sharply but that does not mean altcoin will die. Altcoin will still survive because until now altcoin is still in demand and favor. There are still many altcoins that have good prospects.
I think it is a good time for us to buy potential altcoins so if it's time for the altcoin season to arrive we get profit.
Altcoin is definitely needed for the development of crypto, this is very clear and indeed must be recognized. bitcoin cannot move on its own without mutual support between them. very convincing that altcoin will grow better in the future.
Bitcoin and altcoin are two indispensable sides in the cryptocurrency market. Altcoin addresses the limitations of bitcoin, without altcoin we would not have the electronic market today. Jump to: