Topic: Are Altcoins just as important as Bitcoin? - page 5. (Read 589 times)
Altcoins have their own unique importance. Earlier people used to say that the alts are poaching on the users of Bitcoin. Fortunately, this opinion has changed now. A lot of users are realizing that altcoins such as Ethereum are beneficial to the crypto-sector.
In my opinion, there are a lot of good coins in the market in addition to BTC, although there are a lot of but very good projects that will be able to compete in the future.
The importance of altcoins is about the adaptions and mostly used by different bounty campaigns as a main contributions of salaries to the people who joined and works in bounty campaign. And many kinds of altcoins now that being introduce in the market, are came from different bounty campaigns. Therefore altcoins are also important like bitcoin, because they function also as a crypto currency like bitcoin that has a value, although they are opposite of price value to bitcoin but as long as many people who used altcoins, they are also important crypto coin that used by people like bitcoin.
you are generally correct but not particularly about this ecosystem!
unfortunately what you are calling "competition" has never been much of a competition. there has been only alternative ways of making money which we call altcoins. there has been some rare innovations in this system and some decent projects but majority of the altcoins, specially the top10, have always been purely for pump and dumps which kills any kind of competition in this market because all the money goes into the top pumped coins not the good projects that are not pumped and are outside of top 10.
unfortunately what you are calling "competition" has never been much of a competition. there has been only alternative ways of making money which we call altcoins. there has been some rare innovations in this system and some decent projects but majority of the altcoins, specially the top10, have always been purely for pump and dumps which kills any kind of competition in this market because all the money goes into the top pumped coins not the good projects that are not pumped and are outside of top 10.
There is not any coin in competition with Bitcoin but may be in future because it is experienced always latest technology replaced by new comers. Altcoins are best alternative to invest or trade because altcoins are cheaper and every one can afford,While Bitcoin is an expensive coin so every one can not afford it.
There can be hard to earn bitcoin when there is no existence of altcoin, where it is true that altcoin are more cheaper and can be earned freely through bounties which can also high profit. Altcoin is also important for us to earn good where do not need huge amount to start with. 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?
Of course it's true, altcoins are as important as bitcoin, there are lot of altcoins out there, but you have to choose to invest your money in which altcoins that will become huge and expensive in the future, so that you can earn so much profit from that investment
It is a well known fact that bitcoin has taken the centre point in cryptocurrency but now that there are altcoins already competing with bitcoin, there is every tendency that in the nearest future one of the altcoins might take the lead.
From my perspective i think most of the times the answer will be yes. Bitcoin is the best digital crypto currency in the world because of their performance.
There is not any coin in competition with Bitcoin but may be in future because it is experienced always latest technology replaced by new comers. Altcoins are best alternative to invest or trade because altcoins are cheaper and every one can afford,While Bitcoin is an expensive coin so every one can not afford it.
I think there are would be no crypto market without altcoins. In fact, Bitcoin is very important cryptocurrency, but altcoins have many cases of use, that Bitcoin do not have.
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?
Absolutely yes, ethereum coin is the reason why altcoins today is so profitable because all the new coins in the market are based on ethereum so we can expect for altcoins to have a very long life since there is always new ico's that is being introduced in the market.
As we all know bitcoin is the first crypto currency that morr people had acknowledged and next to bitcoin is ethereum, however the demand on ethereum seems to far behind from bitcoin, if you based it on the price, and then the rest of the altcoins also needs more further demand and seems to be way behind than ethereum, if you take a look at it, only bitcoin and etherrum can be called as legit currency, since both are accepted by the majority, however for the rest of the altcoins, people will accept them if they can prove that they can be used in real life, some altcoins are just imitating bitcoin, being decenttalized and that's it, that's their project, however if you can out your altcoins into rral life situation, like as a payment for your work as a freelancer, thr community will grow, and the coin will be of value, since the transactions will be faster and the coin is being circulated.
In any healthy ecosystem, there is always competition and the best usually rises to the top. We see this in nature and in business, so not having this in the crypto ecosystem would be a mistake. Having other altcoins as an option would spur on innovation, but also ensure that it truly is the best option out there. Otherwise, we may end up with a Bitcoin that doesn’t fit everyone’s unique needs around the world. Having choice is freedom and allows people choose the best option for them and balance the power of this new internet money.
altcoin is another crypto can be said to be an easier way to get the results from on bitcoin. altcoin has the value of a diverse and this will make it attractive for investment. In addition, altcoin also provides roles for crypto so could many widely known besides bitcoin.
Some alts are important but not all of them. They may have their own use case which is very helpful to keep cryptocurrency alive.
Why not. In my opinion, Altcoin is very important for the development of the crypto market and the blockchain industry. Do not deny the value that utilities from altcoin like ETH, NEO, XRP ... bring convenience and efficiency in practice. In other words, altcoin reforms the blockchain platform that bitcoin creates to bring about the proximity, development and expansion of the real user community in cryptocurrency. Of course, in terms of influence and importance. Bitcoin is still the most distinctive and most important, the power of longstanding dominance and tremendous.
No, I can not say that now altcoins are really very important, but nevertheless they have to live, because they are trying to make our life really comfortable in the field of finance, because now there are a lot of junk.
Some altcoins have more important missions and more interesting technologies but bitcoin has always been and will be the flagship!
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?
So, of course, Altcoins are very important for the crypto market and they are now tirelessly developing. The Altcoins can give us many benefits that we can not give a bitcoin. I think that after a while the Altcoins will be better than the bitcoin.
Yes ofcourse! Though bitcoin is the oldest one and it has a lot of popularity, altcoins are never the less staying behind. Bitcoin and altcoin both are the flourishing crypto currencies. There are so many people who are investing in bitcoin as much as ethereum or other altcoins. These two are doing great to make crypto world better.
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