Topic: Can too many Altcoin's can become a threat to bitcoin's existence - page 18. (Read 2628 times)
September 20, 2018, 06:34:28 PM
Bitcoin price is not influenced by Alltcoins, it has own price which very strong and unique because it was created with good foundations. The price of bitcoin depends on the market demand and supply of bitcoin itself. It means that the holder of bitcoin influences the price. However, as the coming so many altcoins todays it has impact to bitcoin price because many investor are move or even spread their money in altcoins. So, when the number of investor of bitcoin is decrease automatically the price will high. It is not threaten, that is my opinions.
September 20, 2018, 06:23:06 PM
look at the history. it will tell you all you need to know.
we already have 9 years of history and in this period of time we have had tens of thousands of altcoins that have been created,
pumped and dumped and eventually many of them died.
there are years that they create more of them like last year since the altcoin pumping market is booming during that time but in the end
The fate of shitcoins is always going to be death and their short life and death will never affect bitcoin in any ways.
we already have 9 years of history and in this period of time we have had tens of thousands of altcoins that have been created,
pumped and dumped and eventually many of them died.
there are years that they create more of them like last year since the altcoin pumping market is booming during that time but in the end
The fate of shitcoins is always going to be death and their short life and death will never affect bitcoin in any ways.
September 20, 2018, 06:12:55 PM
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
September 20, 2018, 05:48:05 PM
this year there are a lot of ico who are issuing coin altcoins, and in my opinion it will not affect bitcoin, and I think it is also good for the development of bitcoin.
September 20, 2018, 05:43:37 PM
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
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
threat bitcoin prices ?
Of course it can happen, even it doesnt impact the bitcoin directly.
But threat bitcoin existence till it got nothing ?
i dont think so
Even the sale of scam project can ruined all of target price of the market because people aim's to these project than invest it to the market
September 20, 2018, 05:43:30 PM
They can co exist but i don't think they can surpass Bitcoin's popularity and volume at this point of time, every cryptocurrency lover starts with Bitcoin and they have to go through to what Bitcoin;s have gone through before they can surpass Bitcoin, but they can work together and co exist.
September 20, 2018, 05:28:55 PM
The situation is totally reversed from your suspectaion. It is the Bitcoin which is the sole reason why most of the Altcoins and tokens are existing. Some of the altcoins are quite good with thier transaction speeds and low fee. But it is yet to be seen the wider acceptance of those altcoins. Some altcoins may co-exist with Bitcoin and we will see some losing people's interest and value along with it.
Truly, diversification keeps any ecosystem healthy. Such as fish, you find a pool of species of nearly all kind of shapes and sizes yet there remains expensive ones that sell well in the market. But no matter what, the interest of the people to have them does not wane with the multitude of choices.
And the same goes for cryptocurrency. Bitcoin will be the sought after caviar i guess. And all other altcoins are the rest of the sea creatures that makes caviar worth its price being incomparable in taste and being exotic as well.
September 20, 2018, 05:08:24 PM
Altcoins' existence was birthed by the invention of bitcoin and bitcoin still stand taller than all the altcoin put together, so there's no need to panic. Bitcoin remains no 1.
September 20, 2018, 05:03:57 PM
For several years, there are various altcoins and every year the number is only increasing. So far, this has not affected bitcoin in any way. He was in the first place, so there still is. Perhaps in the future there will be a coin that will be able to compete with him, but so far there are no competitors.
September 20, 2018, 03:18:34 PM
Well, the existence of too many coins could lead to bitcoin been in tight corner as some of those coins could have great potentials of becoming higher in price than bitcoin. Unfortunately, most of these coins are not really showing any great signs of trying to give bitcoin any meaningful competition as bitcoin is still in the lead as the world number one leading digital currency. None of the many coins in the market pose any great threat to bitcoin as most dying out in the markets with zero or no volume in trading. The coins that are coming closer have a difference of about 4000$ dollars per token to be able to get closer to bitcoin which is impossible as far as the cryptocurrency world is concerned.
September 20, 2018, 02:44:33 PM
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
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
Not realy, almost all of the altcoins are shitcoins, they dont take away anything from BTC, they are made just to make invstors belive that they will get their money back with some profit, that is it.
Other popular coins are private coins, these also are not a threat becasue decent vendors wont use them anyways.
Then there is protocol coins which have their own gae, which also does not impact BTC.
I see that the biigest impact of altcoins to btc ir that they are giivng BTC a bad name.
September 20, 2018, 02:15:43 PM
The situation is totally reversed from your suspectaion. It is the Bitcoin which is the sole reason why most of the Altcoins and tokens are existing. Some of the altcoins are quite good with thier transaction speeds and low fee. But it is yet to be seen the wider acceptance of those altcoins. Some altcoins may co-exist with Bitcoin and we will see some losing people's interest and value along with it.
September 20, 2018, 01:28:45 PM
In my opinion, the appearance of a large number of altcoyn can not damage the bitcoin in any way. With the advent of a new variety of altcoins, the common interest of people to the crypto currency is growing and this also positively affects the popularity of bitcoin as the first crypto currency. I believe that we need the altcoins, even if a significant part of them are useless. All of them will be weakened by the crypto-currency market, only useful and promising ones will remain, and thus, the whole of the whole country will develop.
September 20, 2018, 10:54:45 AM
Many altcoins will falll.
Hold your btc and eth dont give away for worthless tokens your btc and eth.
Because look the main cryptocurrency sellers are the ones who run ico-s.
So you buy coins from them and then you give back to them.
Altcoins most of them are rubbish.. eth and btc are the best.
Eth and btc price will go up 100%
Orher coins are just rubbish.
If you hold some worthless altcoins you are loser.
Hold your btc and eth dont give away for worthless tokens your btc and eth.
Because look the main cryptocurrency sellers are the ones who run ico-s.
So you buy coins from them and then you give back to them.
Altcoins most of them are rubbish.. eth and btc are the best.
Eth and btc price will go up 100%
Orher coins are just rubbish.
If you hold some worthless altcoins you are loser.
September 20, 2018, 10:49:42 AM
I have always believed that each and every coin has its own philosophy and that's how it works. Bitcoin is solving the issue of peer-to-peer transactions without paying high transaction fees or waiting hours to get transaction confirmed. On the other hand, there are good alt-coins solving a different kind of issues but I don't see any other coin having that potential to replace Bitcoin at least in the coming years.
September 20, 2018, 07:47:30 AM
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
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
I don't think its a threat since almost all of altcoins depends so much on bitcoin price, and there main functionality is to serve as an alternative to the original one which is Bitcoin. Though some coin has the potential but mostly they serve as a utility coin or token not as a currency.
September 20, 2018, 07:36:25 AM
There are a lot of altcoins out there and they can have a negative impact on bitcoin as everything invested into an altcoin could have been invested into bitcoin. It is good to have choice in coins but it does not help when they don't really bring anything new to the table.
The growing number of altcoins that been made can truly affect to the existence of bitcoin. Aside from the fact that it may become one of the rivalry of bitcoin in the market this might be also one of the reason for the confusion of bitcoin existence if it would continue to materialize or it would stop from being on top. 
September 20, 2018, 07:00:03 AM
Bitcoin is still the most usable coins. Any coins exchange with bitcoin! So it is said that new coins have no effect on Bitcoin market value.
September 20, 2018, 06:50:54 AM
NO, The market might be over crowded with useless alts of bitcoin but in the end,
People know what to choose, that's why bitcoin still has the largest market cap of all the cryptocurrencies in existence.
Also, most experts and giants in the field are acknowledging bitcoin more than any other coins,
which gives traders confidence on the coins they picked, hence why the volume is still large even though some coins are gaining traction.
As for the legal side, many countries are starting to draft their own regulations and laws regarding bitcoin and cryptocurrencies.
Japan is a fine example of bitcoin's legalization, and other countries would sure to follow suit.
People know what to choose, that's why bitcoin still has the largest market cap of all the cryptocurrencies in existence.
Also, most experts and giants in the field are acknowledging bitcoin more than any other coins,
which gives traders confidence on the coins they picked, hence why the volume is still large even though some coins are gaining traction.
As for the legal side, many countries are starting to draft their own regulations and laws regarding bitcoin and cryptocurrencies.
Japan is a fine example of bitcoin's legalization, and other countries would sure to follow suit.
September 20, 2018, 06:47:01 AM
This will affect bitcoin. But for a short time, these altcoins will also be forgotten and bitcoin investors will be back.
So, as long as we have the chance we will not waste it, we take advantage of today's cheap price of bitcoin. Because the price of bitcoin will definitely increase in the coming years.
So, as long as we have the chance we will not waste it, we take advantage of today's cheap price of bitcoin. Because the price of bitcoin will definitely increase in the coming years.
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