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Topic: Can too many Altcoin's can become a threat to bitcoin's existence - page 7. (Read 2582 times)

copper member
Activity: 381
Merit: 0
The springing up of numerous altcoins can maybe saturate the market, but they can't become a threat to bitcoin cos bitcoin remains the king of all coins... All other coins without a strong dev will eventually fade away.
newbie
Activity: 19
Merit: 0
With a history of development, Bitcoin is the king of digital money. In this area, investors have a stronger belief in bitcoin than any other currency. Altcoin tends to be more than but it doesn't threaten the existence of bitcoin.
sr. member
Activity: 560
Merit: 250
as long as the created ICO project has a good concept and has a product that is very useful and can be one of the solutions to the world's financial problems, this will not be a threat to bitcoin, but if there are many ICO that fail, even a lot of scam ICO are circulating will create a threat to the world of cryptocurrency including bitcoin.
full member
Activity: 462
Merit: 100
    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

With more and more alt coins being released on a regular basis, there's bound to have at least one of them will kick bitcoin's butt in terms of feautures. It's probably bound to happen because there are a lot of alt coins out there with better features but is not under the limelight.
sr. member
Activity: 588
Merit: 250
no matter how much altcoin is created, the altcoin will never be able to beat bitcoin, because this bitcoin is the king of all cryptocurrency, the price of the altcoin will follow the movement of bitcoin prices, when the price of bitcoin falls, the price of altcoin will also fall and in some cases it often happens.
full member
Activity: 448
Merit: 100
Believe it or not, they are going to die naturally in the process on this kind of market. Let's make an example of a product of shampoo or soap, only 2-3 are leading brands because of the great trust they got from their consumers. Same thing will happen and altcoin of each category will only less than 10 for sure that will continue to survive. Numbers are not a threat but quality.
full member
Activity: 532
Merit: 101
    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

It is possible that a lot of these alt coins being released might be the next big thing that could overthrow bitcoins out of its thrown as king. Many of these alt coins are a threat to bitcoins but it doesn't mean it will eliminate bitcoins for good. Some will still stock up some bitcoins due to its popularity.
i think it will be difficult to overthrow bitcoin. considering that the marketcap has gone too far, so it needs big funds to drop it. we know that all altcoins now have a dependency on btc, like they can't escape
hero member
Activity: 1036
Merit: 500
    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.
Absolutely agreed, and to add up, every new alternative crypto currencies that are sprouting all over the crypto currency realm has a pairing with Bitcoin or almost all of them has a pairing with Bitcoin and with this scenario these new altcoins are all dependent to the growth of Bitcoin. To be honest most of the alternative crypto currencies that are sprouting like mushrooms all over crypto space will end up as a shit coin. Bitcoin is been in this industry for almost a decade and Bitcoin has proven a lot unlike those new altcoins and Bitcoin's security level is at the highest ranks when you compare it to others. Cool

I admit that there are also good altcoins out there that have awesome, useful and unique features but I don't think that they will be a threat to Bitcoin or they will have a chance to replace Bitcoin on the top rank. Cheesy
Being the pioneer of cryptocurrency no any altcoin's that can stand toe to toe bitcoin now a days, although lot coins exist in the market place but still it is still dependent with bitcoin, as a based currency, because bitcoin is being recognized all over the world.
full member
Activity: 350
Merit: 100
too many altcoin and the ICO project is not affect bitcoin existence, but i think it will makes the investor confused to choose their best project, and at the end many project and investor that will be loss because their plan is not like they want,
full member
Activity: 1218
Merit: 105
    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.
Absolutely agreed, and to add up, every new alternative crypto currencies that are sprouting all over the crypto currency realm has a pairing with Bitcoin or almost all of them has a pairing with Bitcoin and with this scenario these new altcoins are all dependent to the growth of Bitcoin. To be honest most of the alternative crypto currencies that are sprouting like mushrooms all over crypto space will end up as a shit coin. Bitcoin is been in this industry for almost a decade and Bitcoin has proven a lot unlike those new altcoins and Bitcoin's security level is at the highest ranks when you compare it to others. Cool

I admit that there are also good altcoins out there that have awesome, useful and unique features but I don't think that they will be a threat to Bitcoin or they will have a chance to replace Bitcoin on the top rank. Cheesy
full member
Activity: 504
Merit: 100
    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

It is possible that a lot of these alt coins being released might be the next big thing that could overthrow bitcoins out of its thrown as king. Many of these alt coins are a threat to bitcoins but it doesn't mean it will eliminate bitcoins for good. Some will still stock up some bitcoins due to its popularity.
member
Activity: 350
Merit: 12
for me no,and it is answered so many times.Many altcoints have created but it still never surpassed the popularity of bitcoin.Bitcoin investor have trusted bitcoin before until now


hero member
Activity: 1008
Merit: 501
Their existence does not become a threat to bitcoin, because in fact in the cryptocurrency market bitcoin prices are always the basis for crypto price movements, each crypto is always moving to follow the bitcoin price movements. Thus, it can be ascertained that bitcoin remains a king in cryptocurrency and always leads the cryptocurrency market, for that the existence of altcoins and other coins will not be a threat to bitcoin.
Thats right mate. how many altcoins that will arrive will not make a serious threat to bitcoin. instead it will make indirect promotions on bitcoin. because bitcoin is the basis for altcoin prices right? so people will use bitcoin indirectly. I think bitcoin will continue to be the king of cryptocurrency. no matter what happen
member
Activity: 949
Merit: 48
    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.
I think there is no direct evidence that the altcoin can be a treat to bitcoin, because as what we all have seen there are to many altcoin today but still bitcoin is standing hard like it is really always the king of all crypto coin. So then I believe that there sis really a great big hope that bitcoin will rise up high someday.
sr. member
Activity: 647
Merit: 255
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.
sr. member
Activity: 714
Merit: 250
Their existence does not become a threat to bitcoin, because in fact in the cryptocurrency market bitcoin prices are always the basis for crypto price movements, each crypto is always moving to follow the bitcoin price movements. Thus, it can be ascertained that bitcoin remains a king in cryptocurrency and always leads the cryptocurrency market, for that the existence of altcoins and other coins will not be a threat to bitcoin.

I agree that bitcoin will always remain the king or all crypto, and it serves as the leader of all alts so no way for those other coins to become threat to bitcoin. They remained under the economy of bitcoin due to more trading sites we're exchanging most of the alts towards bitcoin market. Basically that's the reason why also bitcoin has become volatile during bearish market. When bitcoin dumps, alts also will perish on each price so all of a certain scenario really accumulated.
sr. member
Activity: 729
Merit: 250
Their existence does not become a threat to bitcoin, because in fact in the cryptocurrency market bitcoin prices are always the basis for crypto price movements, each crypto is always moving to follow the bitcoin price movements. Thus, it can be ascertained that bitcoin remains a king in cryptocurrency and always leads the cryptocurrency market, for that the existence of altcoins and other coins will not be a threat to bitcoin.
full member
Activity: 392
Merit: 100
It may make sense that some investors will shift some of their investment's fraction to go to another cryptos but at the end of the day, it's always been bitcoin that will dominate the cryptoworld. I also believe that most of these alt coins will not survive in the market as the competition gets tougher each day.
full member
Activity: 546
Merit: 102
    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

no
actually all altcoins or tokens depend on bitcoin
98% who have a pair to fiat is bitcoin to cashout
that's why if the price of bitcoin goes down then the altcoin too
bitcoin still dominates the cryptocurrency market for now
member
Activity: 321
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
I don't think that there is anything that can prevent btc from the great success. To my mind, it is better to invest in btc now and wait until the price for btc increases and the market recovers
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