Bitcoin was the grandfather.
Now that the world was disrupted by the first cryptocurrency, the flood gates have been opened. This allows other cryptos with specific purposes to begin development and thrive.
The current state of the worlds economy is old and will be obsolete by 2025. E-commerce and Fintech will be implemented in every industry around the globe. The idea that the blockchain can do many of the tasks that is troubling the banking systems proves its strength and potential.
Security, a transparent public ledger and scalability are just a few attributes that will allow cryptos to be a payment method of the future.
To learn about HyperionX, Tree Token or Tree Blockchain visit HyperionX.org.
Topic: Are Altcoins just as important as Bitcoin? - page 2. (Read 589 times)
Bitcoin is simply a safer bet. Altcoins do not have the same amount of security, brand recognition, liquidity, decentralization and longevity as Bitcoin has. Sure some will be able to ride under the wings of Bitcoin when it starts to run again, but which ones that will be is largely a gamble. And if Bitcoin runs bad then alts will do even worse. The top 10 coins in 2013 have all done worse than BTC has, only Litecoin has been able to limit the damage relative to BTC and is still relevant today. It's your own choice what to invest in of course, but personally, I am playing it safe and not going to gamble with alts. I do have a few litecoins and some nano as well, but that's just a small percentage of my total portfolio.
Yes I think so. Think of bitcoin as the KING of all coins and the other coins below it are the ones making bitcoin a King. Without alternate coins, I don't think bitcoin will be the same as it is now. What I also notice is that the investment now is divided unlike before were majority of investors are hodling bitcoin. As of now, I think bitcoin is still the safest bet in terms of investment but the other coin are trying to be on the same wavelength as bitcoin.
I think that yes. The more altcoins we have, the more new developers join crypto community. But if we are talking about worth, I don't trust 95% of projects and coins.
Since the cryptocurrency market formed so far has recorded a lot of coins disappearing so choose altcoin has the potential and really good if you do not want to see it disappear forever from this market. I believe that altcoin will continue to go along with this market. 
Just try to imagine how this crypto world will be if we only have Bitcoin without any altcoin 
). I think it'll be very boring and crypto world won't be able to become famous like at the moment . Beside I think trader won't wanna invest in crypto cause they only have 1 choice to choose all the time . If anyone say that altcoin is not important so I think he just lost his mind )
). I think it'll be very boring and crypto world won't be able to become famous like at the moment . Beside I think trader won't wanna invest in crypto cause they only have 1 choice to choose all the time . If anyone say that altcoin is not important so I think he just lost his mind ) 
In any ecosystem, be it in nature or business, there is always a competition. And most often than not, the best always rises to the top. And here in our crypto ecosystem, a competition do also exist. Between Bitcoin and Altcoin. We all very well known that bitcoin, being the first and most proven cryptocurrency already took the center stage in crypto market. Now that altcoins came into the picture, where does it really stands? What will be the selling point of altcoin that will eventually led the bitcoin enthusiasts to finally switch places?
The competition grew so big that investmemts have been divided widely. In that case it will just lower the value of one thing because of lack of demand.
Money is everything now unlike before.
They invest with ICO's looking forward for a great return which could make their life easier.
Mostly late buyers of bitcoin are doing this. They want to see it happen too with the altcoin they invested with.
Altcoins and bitcoin are equally crucial in the cryptocurrency market; altcoins are considered as a necessary update of Bitcoin to improve the market in the future further. Although the current altcoins rate is low and there are many potential altcoins on the market, we can expect a future where cryptocurrency will improve continuously and become popular in the future.
It depend on how you look at it. Generally in any sphere competition is good, because it motivates people to evolve into something better. Yes, most of the altcoins are really bad and just scams, but even if 1% can provide competition for Bitcoin, it is good.
Not all but some altcoin is important as bitcoin because there is functions on them that bitcoin has not. Think that not all altcoin are developed well and other are just used to scammed people but there are altcoin that follows bitcoin better and I trust on few of them where I am serious to invest on it.
I think that yes. The more altcoins we have, the more new developers join crypto community. But if we are talking about worth, I don't trust 95% of projects and coins.
I even believe that altcoyins are more important now than bitcoin. Bitcoin actually provides very few real amenities. Altkoins are much more important in this regard. Many altkoins have much better qualities and perform many different useful functions that are not able to perform bitcoin. In fact, bitcoin now performs only one function - the accumulation of value, which eventually can collapse again after the panic to the original prices.
In any ecosystem, be it in nature or business, there is always a competition. And most often than not, the best always rises to the top. And here in our crypto ecosystem, a competition do also exist. Between Bitcoin and Altcoin. We all very well known that bitcoin, being the first and most proven cryptocurrency already took the center stage in crypto market. Now that altcoins came into the picture, where does it really stands? What will be the selling point of altcoin that will eventually led the bitcoin enthusiasts to finally switch places?
They are both important in crypto but when it come to altcoin this the most used of different project now but some investor desregard it because of many token used with no value.this will make the downward of altcoin.
Well based on my knowledge and understanding about those cryptos, thet are both important, altcoin are the ones controlling the equality of all cryptos, example the litecoins, namecoins, neo and other altcoins are good example of altcoins that really help the cryptocyrrency to be more wide, and also specially the Bitcoin which is the frontliner and universal of all cryptocurrencies in the world the people are being more knowledgable about cryptocurrencies because of these two. Thats why they are both important.
I don't find altcoins to be equally important, to me altcoins were the assets that grow depending on bitcoin. In simple terms when there is only one thing in the market we don't value it, same when we have large number of assets one can easily differentiate from the other with its growth. This makes bitcoin stand unique making it more important than altcoins. 
Well based on my knowledge and understanding about those cryptos, thet are both important, altcoin are the ones controlling the equality of all cryptos, example the litecoins, namecoins, neo and other altcoins are good example of altcoins that really help the cryptocyrrency to be more wide, and also specially the Bitcoin which is the frontliner and universal of all cryptocurrencies in the world the people are being more knowledgable about cryptocurrencies because of these two. Thats why they are both important.
Of course bitcoin is number one, but we know that always the technology is improved and it is clear that in the future some altcoins should become better, in our world there always appears something better
Not sure there is a real competition between Bitcoin and Altcoins.
Too many shitcoins, only few "real world" use cases coins and still at an early stage.
Look the technology, BTC is still working, I mean, you had some BTC since the begining and forget them, now they still exists, as the blockchain.
In the Altcoins universe, it's not really the same, there is too many forks, swap etc.. If you don't keep track of the projects you may loose your coins... and most of the altcoins pretend to be a store of value... lol
Too many shitcoins, only few "real world" use cases coins and still at an early stage.
Look the technology, BTC is still working, I mean, you had some BTC since the begining and forget them, now they still exists, as the blockchain.
In the Altcoins universe, it's not really the same, there is too many forks, swap etc.. If you don't keep track of the projects you may loose your coins... and most of the altcoins pretend to be a store of value... lol
YES. They are just as important (if not more). Without altcoins, there would be no competition for the #1 crypto (bitcoin).
Competition is a vital part of a market. It is destined to fail with no competition.
Competition is a vital part of a market. It is destined to fail with no competition.
I think some altcoin are as important as bitcoin if not important than bitcoin. Bitcoin is a currency and it is only for exchange of value, while some altcoin are used for different purpose, and to provide different solutions.
Altcoins is very broad term. Ethereum is for sure very important. But every day there are created new and new coins. In the future term, altcoin will disappear.
Yes altcoins are just as important as bitcoins. In fact they have the potential to be be much more valuable than Bitcoin in the future. Bitcoin can't stay at the top forever and some altcoin is going to take the number one place of Bitcoin in the future. Its only about time before something like that happens.
I can say that for the most part - they are all slightly larger than just clones of BTC, but differ from it insignificantly. These differences are most often related to characteristics such as transaction speed, distribution method or hashing algorithm. But they also take the same place in the crypto-currency world.
Jump to: