Topic: Can too many Altcoin's can become a threat to bitcoin's existence - page 20. (Read 2628 times)
September 19, 2018, 01:42:04 PM
Bitcoin and a few fundamental altcoins can coexist and prosper. Each can have their own unique purpose. None of them is enemy to any other of them. It is clear though that 99% of altcoins will die off due to no usable purpose.
September 19, 2018, 01:18:54 PM
I don't think that they directly threaten Bitcoin, I think the bigger probably is that too many coins lead to the total market capitalization being spread too wide, making it very difficult for a single coin such as Bitcoin or even Ethereum to gain much ground as there's not enough money moving around. I think that if 90% of altcoins died, the market would be stronger overall.
September 19, 2018, 01:04:25 PM
Altcoins do not pose any threat to bitcoin. Most of them have a completely different purpose. As for the Altcoins for payments, they will go into oblivion if bitcoin succeeds in solving his problems.
September 19, 2018, 01:02:47 PM
It would instead add value to bitcoin because in the end those altcoins are going to be paired with bitcoin but will also add value to the altcoins, this has to work both ways. BTC holders can invest to the altcoin and altcoin holders wants BTC depending to the kind of users, some are putting value to the newer project if it has the potential to add adoption in the market.
September 19, 2018, 12:56:28 PM
Yes
True we can have an altcoins that can be a threat to bitcoin. But if that's gonna happen, I think such projects must have prepared well, put everything in place and most importantly must have find out where bitcoin is lacking and thr deficiencies of bitcoin then it can work on it. By then I think we can have an altcoin that can be a threat to bitcoin.
True we can have an altcoins that can be a threat to bitcoin. But if that's gonna happen, I think such projects must have prepared well, put everything in place and most importantly must have find out where bitcoin is lacking and thr deficiencies of bitcoin then it can work on it. By then I think we can have an altcoin that can be a threat to bitcoin.
September 19, 2018, 12:29:42 PM
As it stands right now Bitcoin is too dominant on the crypto market, Maybe in the far future (10 years+) something better may come along but for the time being its only btc.
September 19, 2018, 12:22:41 PM
no, i dont think so. bitcoin will survive from all of them 
September 19, 2018, 12:13:07 PM
Mainstream has aware enough about the Bitcoin position in the cryptocurrencies space. I don't think altcoin is a threat to bitcoin rather whole ecosystems. Fact show Bitcoin survive the BCH shill, and the flippening issue.
September 19, 2018, 11:49:45 AM
Bitcoin is poles ahead of all altcoins. The best they can do now is to play catch up on bitcoin. I know bitcoin has some issues which has to do with scalability and high fees. But bitcoin will also be working on these lapses to mitigate it. Bitcoin has a chunk of the market share and it has the highest price in the market. Even if there will be a time any of the altcoins will attempts surpassing bitcoin that will be in far future.
September 19, 2018, 11:42:00 AM
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.
September 19, 2018, 11:19:57 AM
Look at it in this way, It will not matter if there are 5 Alt coins with 80% of the investment capital of Crypto currencies or 1000
Alt coins with that same amount being spread across those Alt coins. The shitty Alt coins will not hurt Bitcoin, because they
do not draw investment capital towards it. The only Alt coins that pose a threat is the ones that are good. They will take a lot
more investment capital away from Bitcoin, than all these shitty Alt coins combined.
Many of these Alt coins are bought and sold to make a profit and then this profit is used to buy bitcoins.
Alt coins with that same amount being spread across those Alt coins. The shitty Alt coins will not hurt Bitcoin, because they
do not draw investment capital towards it. The only Alt coins that pose a threat is the ones that are good. They will take a lot
more investment capital away from Bitcoin, than all these shitty Alt coins combined.
Many of these Alt coins are bought and sold to make a profit and then this profit is used to buy bitcoins.
September 19, 2018, 09:16:55 AM
Bitcoin has to think about the ways to compete more rigorously. in the future if Bitcoin wants to survive, it needs to Offer something more.
I do think that bitcoin will continue to innovate itself over time. A revolutionary technology as such is bound to outdo its current features to survive. And i think the forks that occurred, both hard and soft, is a clear indicator that bitcoin is not resting its laurels.
Bitcoin will surely continue to improve itself to keep the edge against all other cryptocurrency out there.
September 19, 2018, 06:39:36 AM
At the moment literally, none of them is a threat to Bitcoin. And as it seems none will be. Most of them will disappear sooner or later.
September 19, 2018, 04:42:13 AM
Nah, they can't harm bitcoin.
Those altcoins are trying to surf on bitcoin's wave and enthusiasm. It's thw other way around.
Probably most of hem will just be ignored in a few years or months, as bitcoin has better infrastructure and devs.
Those altcoins are trying to surf on bitcoin's wave and enthusiasm. It's thw other way around.
Probably most of hem will just be ignored in a few years or months, as bitcoin has better infrastructure and devs.
I agree with this. This is probably just some acts that will only prove that bitcoin is theost powerful coin im cryptocurrency and no other coin can beat it. At the same time it will probably affect altcoins and not bitcoin. Because we can see that there is a huge possibility that the altcoins user will be torn into different coins. With this, bitcoin is still the king.
September 19, 2018, 04:10:15 AM
The presence of a new altcoin will not affect bitcoin. alcoin functions and tasks to be used in a narrow scope of human activity. Bitcoin and altcoin are not practically tangent to their existence. precisely what I see The presence of a large number of altcoins can benefit bitcoin, because if people first learn about the existence of altcoins, surely they also learn about Bitcoin first, then jump into Bitcoin, because Bitcoin is safer than alcoin.
September 19, 2018, 03:52:22 AM
Nah, they can't harm bitcoin.
Those altcoins are trying to surf on bitcoin's wave and enthusiasm. It's thw other way around.
Probably most of hem will just be ignored in a few years or months, as bitcoin has better infrastructure and devs.
Those altcoins are trying to surf on bitcoin's wave and enthusiasm. It's thw other way around.
Probably most of hem will just be ignored in a few years or months, as bitcoin has better infrastructure and devs.
You maybe right because of the demand and the popularity of the bitcoin at the moment but considering speed and usability do you think there is a possibility they have advantages over bitcoin to expand more into businesses
September 19, 2018, 02:37:54 AM
The market is for bitcoin and nothing more. Maybe in the future, we might see a competition but for now, it doesn't exist.
I think the more we have altcoins, it exposes bitcoin as the dominant coin because many altcoins come but when the wind is blown by bitcoin, they die off. Just like the parable of the sower, sowing seeds with weed, won't lead to any growth.
I think the more we have altcoins, it exposes bitcoin as the dominant coin because many altcoins come but when the wind is blown by bitcoin, they die off. Just like the parable of the sower, sowing seeds with weed, won't lead to any growth.
September 19, 2018, 02:18:21 AM
I will say let them keep coming. Bitcoin is forever the big guy every altcoin is looking up to. In the past, alot of altcoins have marketed themselves with some sort of comparative advantage to Bitcoin. For instance, some altcoins have touted really faster confirmation times; others claim to offer privacy enhancements. But for some reason bitcoinn still remain dominant. Even though Bitcoin developers have focused on implementing their own innovations rather than responding to what’s going on with the altcoin market.
Right now it wont affect bitcoin existence but hey nobody knows what will happen tomorrow.
Right now it wont affect bitcoin existence but hey nobody knows what will happen tomorrow.
September 19, 2018, 02:10:09 AM
Bitcoin is self dependent and its existence brought about other cryptocurrencies which are now known as Alternative currencies. I believe that no matter how strong an altcoin becomes, it certainly would not be able to take over bitcoin's existence. The previous and current state of the market at every given point in time shows it all.
September 19, 2018, 01:57:27 AM
Nope. Just see the current scenario — Bitcoin dips a bit, altcoins dip a lot only strong will survive.
Exactly, this trend tell us everything and what we exactly needed to do.
Altcoin being a threat to bitcoin is just an ambitious move of every altcoin as they're all dreaming that one day they will be on top. Nonetheless, no one will and ever replace on where bitcoin is. The fact that even a lot of bitcoin fork coins were born, trying to imitate what bitcoin had, they even won't touch the bottom of bitcoin.
Don't get confuse with altcoins, they were like a rotten ones in crypto sphere.
So no OP, no other altcoin can threaten Bitcoins existence. Bitcoin will always be ahead because it is the reserve currency of the crypto space. It will eventually become a reserve commodity for the world. Governments will eventually be buying Bitcoin to hold in their reserves. Bitcoin is far too secure, and the network is far too large for another coin to take over. Nothing can replace Bitcoins killer app of being the most secure store of value outside of any third parties control.
Also, shouldn't this be in the altcoin discussion board? I could be wrong, maybe it fits in Bitcoin discussion since it isn't about any particular altcoin.
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