It's crazy to think that Bitcoin needs Altcoins for survival. Do you realize that the price of Bitcoin would be MUCH higher if there wasn't any other side things that Bitcoin could be spent on?
With the number of hacks and Bitcoin/Altcoin trading it's likely that the people on this forum lost large amounts of cash that could've been spent on Bitcoin.
The rich people don't really want to get involved with Bitcoin because there isn't any point to them in their point of view. They're kind of too old so they just don't get it, it's beyond the similarity of the email service scenario from back in the days.
Topic: Bitcoin needs altcoins because ... - page 11. (Read 15586 times)
It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
altcoin it aims to shift the position of bitcoin, bitcoin can stand on its own without the help of anyone, including altcoin, so I think although no altcoin though, bitcoin will still survive and live i don't agree with saying bitcoin "needs" altcoins, specially with how altcoins are these days.
but at the same time i say it is good to have a competition. it helps keep us aware and moving forward. imagine if there were something as good as bitcoin that was adopted as much and could run side by side of bitcoin.
but at the same time i say it is good to have a competition. it helps keep us aware and moving forward. imagine if there were something as good as bitcoin that was adopted as much and could run side by side of bitcoin.
Yeah its good to have a competition in order for us to learn what is lacking with us and kept us aware and it made us move on. So like bitcoin cannot do it all alone that's why it really needs altcoin to let the work be done like in trading really justify the means of profit.
The only reason that I can imagine is that altcoins market creates demand for BTC. People are just trying to invest (or gamble) in altcoins and even if the lifecycle of most of them is short, new coins are being lunched on daily basis. The other thing maybe is decreased time of payment processing comparing to BTC, I mean if someone need urgently to send money, there are some wide accepted altcoins.
Afterall, bitcoin does not need any altcoin to succeed IMO.
i think bitcoin do not need for any alt coin. we people trade alt coin for making bitcoin. but bitcoin itself do not need for any alt coin as it is a perfect digital currency and do not need for any alt coin support. most of the people who like trading they mostly invest their bitcoin in alt coins and increase the number of their bitcoins. so we can say that alt coin is the best source for the people to increase the number of their bitcoins. Afterall, bitcoin does not need any altcoin to succeed IMO.
Value altcoins are very good,bitcoin is in use mostly for trading altcoins and fiat,some alts are good like a margin
Not so many legitimate innovative alts,most of them are scams and hypes
Not so many legitimate innovative alts,most of them are scams and hypes
In my thoughts, altcoins is the gateway for us to get more bitcoin through doing trade it in the exchange platform. Since bitcoin now is too high, altcoins is our option for that things. By simply joining in the ico signature campaign, for us to have a bounty after the event of the ico. One more thing the demand is getting faster because of altcoin so the result is bitcoin getting higher.
There cannot be just one store of value or currency . What if Btc price go to the sky ,who would like to spend it rather than keep it.Nobody uses gold for everyday jobs,so BTC needs altcoins,if not today then tomorrow
So you would rather keep some stagnating altcoin instead of skyrocketing bitcoin? If bitcoin price was multiplied by 10, it would be still perfectly usable for everyday spendings. You would just put one more zero after the decimal coma. Staying with your analogy - you wouldn't use silver, platinum or other precious metals neither
There cannot be just one store of value or currency . What if Btc price go to the sky ,who would like to spend it rather than keep it.Nobody uses gold for everyday jobs,so BTC needs altcoins,if not today then tomorrow
The only reason that I can imagine is that altcoins market creates demand for BTC. People are just trying to invest (or gamble) in altcoins and even if the lifecycle of most of them is short, new coins are being lunched on daily basis. The other thing maybe is decreased time of payment processing comparing to BTC, I mean if someone need urgently to send money, there are some wide accepted altcoins.
Afterall, bitcoin does not need any altcoin to succeed IMO.
Afterall, bitcoin does not need any altcoin to succeed IMO.
It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
I agree completely with you,At the beginning bitcoin was dominated others cryptocurrencies and still continue that is why Bitcoin is the mother of all the Cryptos.However there more than 700 altcoins and generated every day long.But failed to take advantages or to replace it anyhow.At this point,altcoins need alts trading to make profit,nowadays altcoins are profitable cryptocurrencies.Not necessarily. Your profit from altcoin trading came from the persons that bought the altcoin recently. It's not "One man's loss, another man's gain" in altcoin trading. Maybe there are some that have lost money by dumping their coin at a lower price they got it. The people that bought the altcoin recently is the one that's on the journey of making their bitcoin more or lesser. No one lost their money simply because you sold your coins.
And why would you sell it if you knew its price will go up even more? You sell your altcoins when you expect long stagnation or price drop otherwise you would hold it. When somebody buys it from you he ends up with something useless (almost zero market with the stagnating altcoin) or straight in loss.Also many unexperienced traders jump the pump and dump train too late and are doomed to be in loss
It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
I agree completely with you,At the beginning bitcoin was dominated others cryptocurrencies and still continue that is why Bitcoin is the mother of all the Cryptos.However there more than 700 altcoins and generated every day long.But failed to take advantages or to replace it anyhow.At this point,altcoins need alts trading to make profit,nowadays altcoins are profitable cryptocurrencies.Not necessarily. Your profit from altcoin trading came from the persons that bought the altcoin recently. It's not "One man's loss, another man's gain" in altcoin trading. Maybe there are some that have lost money by dumping their coin at a lower price they got it. The people that bought the altcoin recently is the one that's on the journey of making their bitcoin more or lesser. No one lost their money simply because you sold your coins.
Well if you sold your coins lower than the price you bought it, you are the one losing your money. The sad part with altcoin is, even not selling you can lose money in a sense that, the altcoin your holding is being dumped heavily that it will force you to sell at a loss. If you hold it longer, you will end up bagholding a worthless coins. So there goes all your money invested on that wortless coin.
It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
I agree completely with you,At the beginning bitcoin was dominated others cryptocurrencies and still continue that is why Bitcoin is the mother of all the Cryptos.However there more than 700 altcoins and generated every day long.But failed to take advantages or to replace it anyhow.At this point,altcoins need alts trading to make profit,nowadays altcoins are profitable cryptocurrencies.700 altcoins seems a lot. Care to share the link of the source? If there's 700 altcoins that is created every day, then that sure is a huge number of garbage coins. Those coins don't serve any purpose at all, thus, have no audience at all. I believe that much altcoins is being created day by day because you don't need anything at all except for a complete tutorial like this one and any one can create an altcoin.
We don't need those 700 altcoins. We only need several altcoins to make bitcoins better.
It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
I would say that Bitcoin would not fail to have the value it has if there were no altcoins, but the altcoins have the potential to bring some benefits to Bitcoin. In Litecoin, for example, it can be tested segwit before this improvement is activated in Bitcoin, and there are other currencies that bring improvements that can be used in Bitcoin later. It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
I agree completely with you,At the beginning bitcoin was dominated others cryptocurrencies and still continue that is why Bitcoin is the mother of all the Cryptos.However there more than 700 altcoins and generated every day long.But failed to take advantages or to replace it anyhow.At this point,altcoins need alts trading to make profit,nowadays altcoins are profitable cryptocurrencies. 
To be honest most altcoins are useless and serves only for speculative trading. If you make a lot of money on alt trading than somebody had to "lose" the same amount. Also many new altcoins were proven just to be scams...
Not necessarily. Your profit from altcoin trading came from the persons that bought the altcoin recently. It's not "One man's loss, another man's gain" in altcoin trading. Maybe there are some that have lost money by dumping their coin at a lower price they got it. The people that bought the altcoin recently is the one that's on the journey of making their bitcoin more or lesser. No one lost their money simply because you sold your coins.
I think there's no need for more than +-5 altcoins. Some could be a test field for BTC incoming features, others could provide more anonymity and some could focus on just specific group of people/market and better suit their needs. It took many years for bitcoin to be where it is now (accepted by such a big companies as Micorsoft or Valve) and no altcoin can surpass it anytime soon, if ever...
This is all correct and I think this is what's happening right now. Take a look at the new altcoins or even the past coins. Most of them have serve their own purpose and most of them have their particular market.
For us to know, why bitcoins need altcoin because, we know that bitcoin is just only a kind of currency. For bitcoin value to grow, we need to convert it out to any kind of altcoin, to make bitcoin value earn. Earning on bitcoin is intended only for altcoin values. This kind of trading shall be implemented to bitcoin value grow.
You really do not need alt coins for the value of bitcoin to increase.It is usually traded against the dollar and when it all started you only had bitcoin and other currency like dollar and euro to exchange and then came the rest of the coins.So bitcoin will survive without altcoins but that cannot be said about the altcoins as they need bitcoin.
It doesn't. Bitcoin is self-sustainable and doesn't need any altcoin to survive or to grow. Altcoins are here trying to offer us even better things than Bitcoin does, but none of them seem to be working as good as BTC is. So yes, BTC is the mother of all the Cryptos.
We need alt coin because we know one day bitcoin will be not enough for everyone and we need alt coin to spread the freedom of using digital currency, even though now alt coin looks like a weak crypto currencies but in the future it can become bitcoin rival
i think we need alt coins because, trading alt coin is the best way of earning bitcoin. to me although currency i am not investing my bitcoin anywhere, and just hold it because the price of bitcoin is expect to increase, but most of the time the price of bitcoin when remain stable,i mostly to trading in alt coin where i mostly get good chance to increase my bitcoin. Jump to: