If bitcoin dies. All the cottage coins will die? - page 2.

ChiBitCTy

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Quote from: yamortsac on January 17, 2018, 01:23:19 AM

For me it's not gonna happen but hypothetically if bitcoin dies, I think all other crypto will also die. People may doubt to trust other altcoins because they may think that what has happened to bitcoin may also happen to altcoin so they will not try to invest on it.

Do you even know how any crypto-coin works besides BTC? Have you heard of the Blockchain? Let’s start there.

Bastime

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Quote from: lequocvuongpro on January 17, 2018, 02:10:10 AM

Bitcoin die we will return to the 10th century.

Although it's impossible for Bitcoin to die like there's a sudden attacks that could compromise large volume of Bitcoin servers at the same time then almost all of cryptocurrencies are vulnerable also and could affect global cryptocurrency crisis.
If that's the case then yes, Bitcoin dies Altcoins does also.

Bastime

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Quote from: uobaaagrf on January 16, 2018, 11:37:57 PM

Is that the case? Bitcoin if it dies. I do not think the other coins will go well.

I think yes, Bitcoin is like an oil, if oil drops then almost everything are cheaper otherwise then everything is expensive.
If Bitcoin dies it means Altcoins aren't secure anymore and almost all cryptocurrency will have no value at all.

lequocvuongpro

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Bitcoin die we will return to the 10th century.

sijonru

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Quote from: uobaaagrf on January 16, 2018, 11:37:57 PM

Is that the case? Bitcoin if it dies. I do not think the other coins will go well.

I don't think the same with you. if the bitcoin dies, there will always be a substitute, however, nowadays a lot of altcoin is pretty good and has a technology that is almost similar to bitcoin, some even more modern.

olubams

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Quote from: uobaaagrf on January 16, 2018, 11:37:57 PM

Is that the case? Bitcoin if it dies. I do not think the other coins will go well.

One fact that is glaring in our face even if some people will want to argue against it your submission which I will completely agree with. Its until you have bitcoin that majority of other coins becomes buyable which then means when bitcoin is no longer available, one cannot get the coin again and down everything goes. The market is still largely revolving around bitcoin as at the moment maybe in the future it might change but not what we are currently facing.

leslie4u

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In my opinion BTC will never die and if at all that happens that would be the beginning of the end. It's is true that other altcoins have true life usage but then without BTC they won't be able to hold on to their positions. The whole Cryto came into existence because of BTC and then people started developing various other altcoins.

Herbert2020

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Quote from: wuhanyan21 on January 16, 2018, 11:49:21 PM

Quote from: Mohamme on January 16, 2018, 11:44:06 PM

If bitcoin dies, then the entire cryptocurrency market will disappear. In my opinion, it should be. If bitcoin is 0, all tokens should be 0.

Disagree. Currently bitcoin has nearly no use besides being an exchange for alts. Alts such as Ethereum, Monero and others have some use. I can see them surviving if btc dies.

if you think that then it means you have never used any of these coins apart from buying/selling them on exchanges, or probably you have no idea how these cryptocurrencies work.
and you chose the worst two coins for your examples. if you chose anything else it would have been harder to argue, but when it comes to these two it is easy because they both have proven scaling issues worse than bitcoin.

in other words if 10% of bitcoin users start using any of these coins the backlog that will be created on them will the exact same scenario that is currently going on with bitcoin: high fees and slow confirmations.

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Quote from: qiwoman2 on January 17, 2018, 01:32:52 AM

A lot of newbies who came in for the fast money and wall street are shorting and exiting the markets right now. Only those who really care about the technology and some hardcore long term people like me are staying in. Bitcoin was oversold and now it is retargeting downwards. It tested 10k USD resistance yesterday but I don't know for how long the market will be down. Also Chinese New year is not helping us at the moment. If Bitcoin dies, I hope at least something else will take it's place.

lol, what does Chinese New Year have to do with the bloody market today? and Chinese New Year is a month away, so it's not even close. Bitcoin won't die and nothing can replace it. Bitcoin is what got everyone involved with cryptocurrencies, not Ethereum, not Litecoin, etc.

Thyaga

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Quote from: uobaaagrf on January 16, 2018, 11:37:57 PM

Is that the case? Bitcoin if it dies. I do not think the other coins will go well.

Bitcoin will not die now, there comes a time when it will happen.
When Bitcoin dies, you do not need to panic because there is still Ethereum that will be the number one coin.

Panteleymon

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It seems to me that the important reason why bitcoin can die is important. It can fall down and pull everyone along, but this is unlikely. Rather, it is simply superseded by something else that does not entail such a fall, but only a temporary leap. And so bitcoin is like a dollar. The whole world economy revolves around it. If the dollar collapses, then the whole world will have a hard time. But only for a certain time, and then a more progressive currency will come to the fore and everything will remain as before. If bitcoin collapses, then it will be replaced by more progressive crypto currency or something that replaces it.

earl07

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Absolutely yes,we all know that all those alts made because of bitcoin.When bitcoin dies then all alternative coins will be affected,and a collapse for entire crypto currency may be a possible result.Not only for the other coin but also for all its consumers and users.Change will occur

qiwoman2

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A lot of newbies who came in for the fast money and wall street are shorting and exiting the markets right now. Only those who really care about the technology and some hardcore long term people like me are staying in. Bitcoin was oversold and now it is retargeting downwards. It tested 10k USD resistance yesterday but I don't know for how long the market will be down. Also Chinese New year is not helping us at the moment. If Bitcoin dies, I hope at least something else will take it's place.

passwordnow

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Yes that will give a domino effect and every altcoins will start to die too.

Quote from: mr.creampie on January 17, 2018, 01:24:28 AM

If the foundation will collapse what will happen ? alts will surely follow btc and thats the end of our world.

This is the very simple logic that a person should understand if bitcoin will die. Even how hard you believe to the coin you bought if bitcoin starts to fall then you'll be also affected.

mr.creampie

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If the foundation will collapse what will happen ? alts will surely follow btc and thats the end of our world.

yamortsac

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For me it's not gonna happen but hypothetically if bitcoin dies, I think all other crypto will also die. People may doubt to trust other altcoins because they may think that what has happened to bitcoin may also happen to altcoin so they will not try to invest on it.

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Quote from: ChiBitCTy on January 17, 2018, 01:11:27 AM

So many dumb posts here, people pick up a book and read! . Altcoins that are 1)different than BTC & 2) Solve real world problems.. have a life span potential just as long as BTCs. Two prime examples-IOTA and Ethereum. Neither are Bitcoin rivals first. Second IOTA is geared towards only the IoT sector and has already made major movement in the space and has been brought on by major firms in the space. ETH has smart contracts that could revolutionize parts of the financial and legal industry (think escrow on Blockchain).

These guys could very well be around forever. Blockchain is bigger than BTC and people seem to forget that so easily. So to say BTC would bring them all to dust, is plain ignorant.

Agree with you completely. Some people just type stuff without thinking clearly which is something that they need to focus on like some of the posters in this thread. Why do so many people think that bitcoin will die just because there is a dip in its value? If they had any knowledge of the crypto world, they would understand that bitcoin and major altcoins like Ethereum are here to stay.

They will not simply disappear just like that(Could happen if everyone lost internet access around the world which is highly unlikely). Bitcoin and major altcoins will continue to prosper no matter what.

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Bitcoin can't die. The King will live forever. End of story.

Kryten12

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No I think the market has evolved way beyond Bitcoin in the past 2 years, yes it is still the top of the pile but it's market dominance has been greatly reduced and it is seen mostly as a store of value now than something to be used daily.

ChiBitCTy

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So many dumb posts here, people pick up a book and read! . Altcoins that are 1)different than BTC & 2) Solve real world problems.. have a life span potential just as long as BTCs. Two prime examples-IOTA and Ethereum. Neither are Bitcoin rivals first. Second IOTA is geared towards only the IoT sector and has already made major movement in the space and has been brought on by major firms in the space. ETH has smart contracts that could revolutionize parts of the financial and legal industry (think escrow on Blockchain).

These guys could very well be around forever. Blockchain is bigger than BTC and people seem to forget that so easily. So to say BTC would bring them all to dust, is plain ignorant.

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