Topic: Do we Need Altcoin? - page 22. (Read 23653 times)
People may feel Bitcoin is fine like the current conditions, but not necessarily happen in the future. Because the book knows all that Bitcoin, like other financial assets, needs competition to excite the market. Altcoin presents a rivalry in this regard, though there is yet to be an alternative cryptocurrency that poses a real threat to Bitcoin. Without altcoin, Bitcoin will look very different from what we know today.
Three or four coins cannot make the market! It is nonsense! I wish people learned first, things would be much easier then.
Yes ofcourse, we need altcoin, because it can make us to have good profit. And we can have some extra financial aside from our job. And this time altcoins are really indemand. As you can see it on news or internet.
Of course we need altcoin. Its became an important issue.
Now a days in developed country it became vital element of our need.
Altcoin provides potential test features that appeal to the development of Bitcoin in the future. So even though Bitcoin has its own feature test, some parties have a "controversial decision" that is better to give a test for a certain altcoin first. then now, Litecoin experimented with Segregated Witness. Depending on the results, SegWit can increase support for Bitcoin itself. Also When there is a lot of aggressive development in Bitcoin world, then new features are always welcome. And it's no use relying on the same group of developers to bring in new features all the time. So altcoin developers sometimes come up with new perspectives that are later introduced in Bitcoin's source code. However, we need to know that not all the features found in altcoin are eventually used to strengthen the Bitcoin source code.
Altcoin will always grow every day, born every day. Because its the new kind of investment which affordable, if there are only bitcoin then the markets will be less attractive.
I also agree that only bitcoin will be less attractive because it does not have a lot of options and it is getting less and less valuable. If there are more altcoins, the choice will be more diversified for the homei nvest.
Yes, I agree. With many different coins there will be many choices for investment and open up many opportunities for profit. I think one of the drivers of bitcoin prices to be high is the presence of altcoins, although basically demand and supply are determinants of the price.
Every body can not invest in the bitcoin with large amount investment and can not bear any loss due to bit coin down fall. So, altcoins are first field to enter with many coin option at any exchange platform. Some time a small price of satoshi coin rise very high rate any time in the crypto market and it can change in the big profit.
Altcoins is the component that attracts new players and institutional investors to the cryptocurrency market. If they were not, such a sensation would not have risen.
Altcoin will always grow every day, born every day. Because its the new kind of investment which affordable, if there are only bitcoin then the markets will be less attractive.
I also agree that only bitcoin will be less attractive because it does not have a lot of options and it is getting less and less valuable. If there are more altcoins, the choice will be more diversified for the homei nvest.
To my own view, yes, we really need Altcoins,because,The currency becomes stronger, faster and safer. These altcoins can not compete with bitcoin though but we need it as a part of investment too.
Yes, a lot of altcoins has real world use cases and will show good growth once mass adoption happens. Bitcoin cash, ethereum, xrp, litecoin are prime examples of this.
The biggest income I received in the crypto market was earned by me on altcoins. Therefore, the existence of altcoins makes sense to me.
Yes, I really need altcoin and I'm participate in new altcoin because Everyday coming many ICOs inwhich some altcoins very success like as Nucleus Vision, Holo, Pundi X, etc. in which many investor rich. If you want participate in short time in new altcoins. BTC, ETH, EOS, LTC all time good coin for investing and hold.
Yes. I think it is necessary. The functions and technologies of each altcoins are not the same. Altcoins market competition has been utilized to promote the healthy development of the market.
Of course we need, altcoins make this market competitive and stabilize the value of bitcoins and other altcoins.
My answer is necessary, just as our world needs diversity exist, the small world of cryptocurrencies also needs multifariousness and can complement each other's shortcomings.
Yes, we do need altcoins. More diversify the projects more it will help the people because some projects have really good use cases where blockchain technology could really help streamline the operations.
Of course, we need altcoins. Altcoins are a new type of assets, the ancestor of which was bitcoin and each of the new coins has certain functions and purpose. Now there are a lot of coins on the cryptocurrency market and each of them has a potential that the development team can realize in one way or another.
Altcoins are not just currencies, behind them are technologies and applications. Do you need new technologies? Yes, I need.
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