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Topic: Can too many Altcoin's can become a threat to bitcoin's existence - page 16. (Read 2584 times)

member
Activity: 602
Merit: 10
Altcoin have different function than bitcoin. Many altcoin created with different purpose and i think more altcoin can not be a threat for bitcoin. But maybe more altcoin can reducing bitcoin dominance in market because investor will have option to invest
sr. member
Activity: 2800
Merit: 344
when lambo...
No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
Bitcoin still is expensive and valuable than other altcoins. No one can replace bitcoin because it is the foundation of all crypto which make it to be the important ones. Many functions of bitcoin is unique where even create new altcoin, it never over takes what bitcoin achieve. Also many are believe in the existence of bitcoin and its potential.
Right.Although lot of altcoins are already entering the crypto world,but surely only few of them have potentials and the rest are only shitcoins.People have already build their trust into bitcoin so no matter what happens,they will surely get stuck into bitcoin.
full member
Activity: 952
Merit: 107
No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
Bitcoin still is expensive and valuable than other altcoins. No one can replace bitcoin because it is the foundation of all crypto which make it to be the important ones. Many functions of bitcoin is unique where even create new altcoin, it never over takes what bitcoin achieve. Also many are believe in the existence of bitcoin and its potential.
sr. member
Activity: 1470
Merit: 325
    More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
    Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

bitcoins existence will end with the us dollar and the gambling banksters there,

it will then be more and more considered a nasty POW miner cult.

as long as so many foreigners own us dollar especially east asians and the usa is in a massive foreign trade deficit and the world considers the us dollar as a world currency, people will continue to trash around us dollars and catch attention with buying cryptos
full member
Activity: 420
Merit: 100
Harmony for One and All
    More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
    Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

In my opinion they can't because if we observe the recent announcement made by SEC is Bitcoin and Ethereum only will come under non security tokens and all other ICO tokens will come under definition of security tokens. This ICO scheme is pure form of raising capital through tokens and the project performance depends on team execution and most of the projects have several bugs in smart contracts to generate their tokens infinitely.

So it means no other Altcoin can't reach Bitcoin in terms of Market capitalisation.
sr. member
Activity: 1162
Merit: 260
No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.

All of the altcoins whatever it maybe it's price depends very much on the bitcoin price.  It is very important that there should be some good coins around. If too much coin will bring too shit coin in the market then will be a trust issue on the cryptocoin market.
And if there is some really good coin having a quality to overtake bitcoin then that will also be good, but that will not have that much power by which the existence of bitcoin could become unstable. Because it that was the case then the shitcoin would have vanish from the market due to dominance of bitcoin itself.
jr. member
Activity: 166
Merit: 1
It is not impact to Bitcoin existence because bitcoin is different from Altcoins. It was created with very good foundations and methods that can not be adopted by Bltcoins. Bitcoin has its own price and it is not influence by Altcoins. Its price depends on the holders and panic sells also contribute to a sudden price of Bitcoin. Therefore, it is no matter how many coins are coming everyday, Bitcoin will grow independently.
jr. member
Activity: 182
Merit: 3
No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.


This is true !!
Too many web merchants accept bitcoins too
Until we dont see other coins will be more used or accepted by merchants then the bitcoin will be number one.

But what will be second good coin ?

Bitcoin cash? Litecoin ? Ripple ? Ethereum ?

I have feeling like eth will go far
full member
Activity: 602
Merit: 100
No matter how good any altcoin, it still can not overtake bitcoin. Bitcoin technology is unique, and most importantly, it already has a huge trust from investors. Therefore, it will be very difficult to shift it.
member
Activity: 322
Merit: 10
I do not know a single coin that is superior to bitcoin in its technology. Although I have studied the altcoins market quite well. Therefore, there is no reason to worry, no one will budge bitcoin.

member
Activity: 490
Merit: 10
Now there really is a huge number of cryptocurrencies, but not all of them are credible. Therefore, while bitcoin is not in danger.
jr. member
Activity: 182
Merit: 3
In my opinion wich coin will win the race Huh
The coin with limited supply and with fastest transactions with the lowest fees.

Bitcoin i guess will stay as asset, i guess the bitcoin will become like central asset between others.
full member
Activity: 434
Merit: 100
all altcon eventually moving into bitcoin, because if they didn't produce results, then this coin sell everything
full member
Activity: 644
Merit: 111
Bitcoin for many years remains the most popular cryptocurrency and nothing threatens him yet.Possible to appear a coin, which will make him a worthy competition, but so far there are none.
sr. member
Activity: 882
Merit: 252
Seeing this, in my opinion, a scenario that occurs when the price of bitcoin falls, many altcoins will not last long, and most are scame
full member
Activity: 618
Merit: 100
BBOD The Best Derivatives Exchange
This is a challenge that Bitcoin must overcome if it wants to win all of Altcoin. To stand on his throne, Bitcoin needs to defeat every Altcoin. If you believe Bitcoin can do it, hold it over time to make a profit. Believe in your choices and do not doubt your choices.
full member
Activity: 392
Merit: 100
I see the replacement of Bitcoin as something that cannot be avoided. I always see someone always talking about "being the first" to apply services or technology. I think that person is not familiar with the saying; "First to market, first to fail". Current market prices are a reflection of BTC adopters who do not use coins for anything but trade.

I agree with your saying and there is nothing to blame bitcoin because it is a great digital asset still but the people who uses only use it to gain profits through investments and there is no considerable level of business adaptation that I see so its qualities and features are in vain wasting between wallets and exchanges
That is right, there is no way that an altcoins are threat for the existence of bitcoin we all know their differences so I would say that there is no effect with it.
jr. member
Activity: 205
Merit: 1
I see the replacement of Bitcoin as something that cannot be avoided. I always see someone always talking about "being the first" to apply services or technology. I think that person is not familiar with the saying; "First to market, first to fail". Current market prices are a reflection of BTC adopters who do not use coins for anything but trade.

I agree with your saying and there is nothing to blame bitcoin because it is a great digital asset still but the people who uses only use it to gain profits through investments and there is no considerable level of business adaptation that I see so its qualities and features are in vain wasting between wallets and exchanges
jr. member
Activity: 205
Merit: 1
It can affect the bitcoin price on someway, the investors who supposed to be invest in bitcoin will become splitting their investment into alt coin, but it can't harm too much, because in the end people will back to bitcoin, and because of the abundance of alt coins that appear in the market, the altcoin become weaker

Yeah most do that and most even invest in altcoins to gain short term profits to increase there bitcoin assets but there is a huge range of alcoins that are introducing every day so I am curious can one currency like bitcoin which was developed nine years ago with that technology can with stand such advanced digital currencies that are introduced today. I am not a blockchain technology expert but we can agree that at least for some extend the technology must have been improved until today so that is why I though altcoins might have some winning qualities than bitcoin in many areas and that can decrease bitcoins market share and I still think that
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.

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[SCAM]- AIRCRAFT ICO - Fake profil, identity theft

Lately number of scam ICOs has increased greatly and this is spoiling the image of the crypto market

Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

do not worry because many altcoins are just shitcoins
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