no, but they are definitely making crypto look bad to the common people.
there are many good altcoins that attract investors and users. coins should come a long way from development to recognition and only few will become great.
Topic: Can too many Altcoin's can become a threat to bitcoin's existence - page 8. (Read 2628 times)
October 10, 2018, 03:18:44 PM
there are many good altcoins that attract investors and users. coins should come a long way from development to recognition and only few will become great.
October 10, 2018, 02:48:15 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
You correctly noticed that tokens are applied , as a rule, by separate business structures to increase the efficiency of their activities. That is, they do not overlap with the interests of Bitcoin and therefore cannot harm him. I believe that on the contrary, the increase in the number of coins and tokens will cause an increasing interest in cryptocurrency and at the same time to its leader. As for capitalization, in order not to lose it, Bitcoin must be improved on time and be competitive among other cryptocurrencies. 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
October 10, 2018, 02:28:41 PM
In my opinion, no other altcoin can be a threat to the King of all cryptocurrencies which is Bitcoin. Bitcoin is commonly known worldwide than all other altcoins as it paved way for the alts.
October 10, 2018, 01:56:33 PM
I doubt very much that there is an altcoin now that would be better than bitcoin. Otherwise, everyone would be talking about it now and actively investing in it. So I continue to think of bitcoin is king of crypto-currency market.
October 10, 2018, 01:19:13 PM
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.
October 10, 2018, 01:01:51 PM
no, but they are definitely making crypto look bad to the common people.
October 10, 2018, 01:01:40 PM
Currently, there are altcoins, which are technically more successful and more convenient than bitcoin, but the capitalization of bitcoin does not become less. It is still popular, so I think that the situation will not change in the future.
Yeah, there's a lot of altcoins out there that is quicker than bitcoin in terms or confirmation time, but they don't care because bitcoin has enjoyed a lot of support from all of us.
So in a nutshell, they can't really put a significant dent on the price of bitcoin. We have like more than 1000 altcoins already and counting but bitcoin remains the dominant crypto's.
It's really incomparable as of the moment as bitcoin enjoy a wide pool of trust, support and activity from supporters and enthusiast. Bitcoin's value will be very hard to beat. We don't see any real competition right now when it comes to worth as bitcoin remains the most valuable by miles. The capitalization tells it all, there's no denying that bitcoin remains to be the most sought after crypto till date making it invincible to any threat posed by altcoins. Altcoins will never be a threat, rather, altcoins are paving way for bitcoin's improvement every time they come up with disruptive approaches such as faster confirmations, smart contracts, etc.
October 10, 2018, 12:35:15 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
Almost all the crypto currencies were introduced together say in 2009 and since then bitcoin is the only currency that has made such s tremendous progress and due to its massive success, bitcoin presently on the top of crypto ranking and millions of people around the world are now investing into bitcoin, though no doubt competition always brings some threat to the progress but not that much that it would endanger the existence of that and there is no doubt that bitcoin is very sustainable crypto currency and no one can endanger its existence. 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
October 06, 2018, 08:38:03 AM
They actually need bitcoin to survive. Most of their performance depends highly on the value and performance of bitcoin.
October 06, 2018, 08:33:01 AM
No,too many altcoins can't become threat to bitcoin existence.I think it is good for bitcoin.If altcoin become popular then bitcoin will be more popular. if you see the trading chart when bitcoin price dump altcoins price also dump.Actually altcoins depends on bitcoin.Though this is not true 100% but most of the time it happens
October 06, 2018, 08:17:40 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
I dont think it will threaten the development of Bitcoin. You know, in order to thrive, the market needs to have many different altcoins catering to many different areas. Diversity will make the market more selective and make its value higher if the technology is good. 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
October 06, 2018, 08:14:48 AM
a large number of Altcoins will still be converted to bitcoin sooner or later, so this is not a threat
October 06, 2018, 03:46:52 AM
Bitcoin is the only one can manage its self's price because bitcoin is not dropping its price if altcoins dropping for their price and bitcoin is more than expensive for altcoins.
October 04, 2018, 04:27:05 AM
I dont think so altcoin can be treat to bitcoin excistence because too many altcoin also are scam some are very low price some are stable price. I think no altcoin has sign to overcome bitcoin the latest is riple but if ever have altcoin surpass bitcoin i dont think so is for long but for me i choose the best no other than bitcoin..
October 04, 2018, 03:26:27 AM
If anything, I think the increasing number of altcoins can help Bitcoin grow even further. Bitcoin is number one, and without it, the entire concept of decentralized payments will be pretty much non-existent.
October 04, 2018, 03:11:01 AM
No, I don’t think so . There are already to many altcoins and bitcoin is still the same , its not affecting bitcoin . There are a lot of coins with a hight value and still bitcoin is used more than all of those coins , why ? ‘Cuz people know what to choose, they choose whats the best . If there will be more altcoin they are not gonna harm bitcoin , not at all. There are some altcoin out there which are better than bitcoin but still bitcoin is more used that the others.
October 04, 2018, 02:44:43 AM
Currently, there are altcoins, which are technically more successful and more convenient than bitcoin, but the capitalization of bitcoin does not become less. It is still popular, so I think that the situation will not change in the future.
Yeah, there's a lot of altcoins out there that is quicker than bitcoin in terms or confirmation time, but they don't care because bitcoin has enjoyed a lot of support from all of us.
So in a nutshell, they can't really put a significant dent on the price of bitcoin. We have like more than 1000 altcoins already and counting but bitcoin remains the dominant crypto's.
October 04, 2018, 02:30:20 AM
Currently, there are altcoins, which are technically more successful and more convenient than bitcoin, but the capitalization of bitcoin does not become less. It is still popular, so I think that the situation will not change in the future.
October 03, 2018, 10:38:51 PM
Most trading platforms use Bitcoin as their base currency, leading many investors to buy and sell Bitcoin to sell and buy Altcoin. When Bitcoin started a strong rally, many Altcoin fell, as investors jumped on Bitcoin and vice versa. This is systematic because most of the trading platforms require Bitcoin to trade rather than legal currencies.
Also, when Bitcoin prices drop or increase compared to legal fees, all Altcoin also increases or decreases. Because the Altcoin price is based on the Bitcoin rate, not the exchange rate with legal fees. The value of an Altcoin compared to a certain currency is the value of Altcoin compared to Bitcoin, followed by the Bitcoin price when compared to the legal currency.
Thus, Bitcoin has a very strong influence on market prices.
October 03, 2018, 11:26:56 AM
Most coins are regular copies of bitcoin, they do not carry anything new, what threat can they make?
I agree with your opinion. Altcoin is a replica of Altcoin that has its ecosystem, such as Ethereum, NEO. Since it is a copy, it can not intimidate the main entities so why should we fear it, it can make an impact on Bitcoin?Jump to: