If bitcoin died, I think before its death everyone will have already switched to another currency, either Bitcoin Cash or Litecoin. On the other hand, it may destroy confidence in all crypto currencies altogether and see a switch back to fiat.
Topic: If Bitcoin dies does altcoin die? - page 77. (Read 17309 times)
Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated.
your opinion is highly appreciated.
If bitcoin die I bet the people behind the altcoins will find a way to make their coins still exist. They will compete to gain more popularity by utilizing the existing situation. There will be another solution to make cryptocurrency exist even though bitcoin die.
I agree, if Bitcoin dies, more than 80% of the altcoins will be gone, too. There might be some survivors though. Just look at the altcoin development, when Bitcoin was down back in 2015. Of course, it depends on the reason why bitcoin "dies".
Earlier, when bitcoin fell, alternative coins became more expensive. This is due to the fact that the price is shown in relation to bitcoin. But now I see a completely different trend. If bitcoin falls, then all coins drop even more
to be honest I dunno, this topic is not such a simple point because this includes all the user in the crypto world. first of all, i can hardly imagine that Bitcoin will die and if it really happened most of the users will instantly leave the crypto world and only some survivors will switch to altcoins(i am one of them).most users are actually here to make money nowadays but I joined this system only because I loved its concept, I will be still connected to the network if I am not being paid and I know many more users will do that same.
if what you say happens, I think it will be replaced with another coin.
because all are cycles and regenerate.
If I would explain it as simple as it should be then it will just go like this.
Bitcoin and these Altcoins are all cryptocurrencies that coexists and have so much competitions in them by means of its values. Its just that Bitcoin have been the first and most likely had to be at the number one spot and all.
If I would compare it to Fiats, Bitcoin will be Dollars and Altcoins will the rest of those fiats. So almost all of other fiats are being compared to dollars since it is at the number one spot and has the highest value (even Bitcoin). Even if dollars did fall down other currencies will still exist because their existence does not depend on the dollars.
So even if Bitcoin does die (even if its impossible), Altcoins will still exist like so.
Bitcoin and these Altcoins are all cryptocurrencies that coexists and have so much competitions in them by means of its values. Its just that Bitcoin have been the first and most likely had to be at the number one spot and all.
If I would compare it to Fiats, Bitcoin will be Dollars and Altcoins will the rest of those fiats. So almost all of other fiats are being compared to dollars since it is at the number one spot and has the highest value (even Bitcoin). Even if dollars did fall down other currencies will still exist because their existence does not depend on the dollars.
So even if Bitcoin does die (even if its impossible), Altcoins will still exist like so.
Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated.
your opinion is highly appreciated.
IF Bitcoin dies, then an altcoin will definitely get the abandoned slot. That is how things work. Bitcoin have competing or rival coins. Though Bitcoin is the dominant one, if it dies, the second to it will likely get the spot. The exchanges follows after this. They will replace the exchange rates to the new King of cryptocurrency.
It may affect the market if this happens but my answer is no, many of you will disagree with me but the fact is if bitcoin dies or crash then altcoins will not die rather the altcoins will have more chances to rise. In a particular scenario if bitcoin dies due to a ban on cryptcocurrencies all over the world then surely every altcoin will also die.
Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated.
your opinion is highly appreciated.
If the Number 1 goes down then the Number 2 goes up to Number 1. It is as simple as that. Though altcoins are to be exchanged to Bitcoin now, if ever Bitcoin dies then the exchange will just jump to alts to new Number 1 coin. It is not that altcoins are completely dependent on Bitcoin.
I don't think that any of the altcoins can survive without the existence of Bitcoin. Even now, almost 90% of the altcoin trade volumes are against the BTC. And their exchange rates are also normally quoted with respect to Bitcoin. IMO, the only altcoins which are having a chance to survive without the existence of Bitcoin are Monero and Byteball.
I think that altcoins can survive without bitcoin.
They can be traded against each other, so from a technical point of view bitcoin is not necessary.
Of course the end of bitcoin would shake the altcoin market dramatically as well, and it would take years to regain the trust of investors.
But I do not think that the fate of bitcoin and the altcoin market is inextricably connected.
The same applies the other way round by the way. Bitcoin can survive without altcoins as well.
They can be traded against each other, so from a technical point of view bitcoin is not necessary.
Of course the end of bitcoin would shake the altcoin market dramatically as well, and it would take years to regain the trust of investors.
But I do not think that the fate of bitcoin and the altcoin market is inextricably connected.
The same applies the other way round by the way. Bitcoin can survive without altcoins as well.
Bitcoin dies does not mean that the blockchain technology will die. We are living in the technology 4.0 and therefore, new technologies are invented everyday. And as you can see, altcoins are the result of many people and inventors. They are even better than bitcoin. Therefore, altcoins will not die in this case. Bitcoin death will eventually make altcoins greater
If the powers that be have accumulated enough bitcoin... it will remain king.... unless Amazon decides to buy up an alternative payment coin on the sly and offer payments with this digital currency!
If bitcoin die I dont think altcoins die. Yes some altcoins for sure die because it deoends ti the bitcoin price but they have altcoins deoends to the dollars price and for sure it will still a live what ever happens in bitcoin. But as of now bitcoin will not die and it will live in the online world in the next few years and bitcoin will become more powerful and popular so the price will continue to increase.
but i do not think that bitcoin will ever die. i am sure that bitcoin will remain as for ever, and all the other altcoin will work with the coordination of bitcoin. although altcoins have no concern with bitcoin but still people use altcoin for investment and trading while bitcoin is the basic currency where people put their assets as safe and the main place to use it form here for different purposes.
Bitcoin dies does not mean that the blockchain technology will die. We are living in the technology 4.0 and therefore, new technologies are invented everyday. And as you can see, altcoins are the result of many people and inventors. They are even better than bitcoin. Therefore, altcoins will not die in this case. Bitcoin death will eventually make altcoins greater
If bitcoin die I dont think altcoins die. Yes some altcoins for sure die because it deoends ti the bitcoin price but they have altcoins deoends to the dollars price and for sure it will still a live what ever happens in bitcoin. But as of now bitcoin will not die and it will live in the online world in the next few years and bitcoin will become more powerful and popular so the price will continue to increase.
I think altcoins would die if bitcoin dies too because as of now bitcoin is the biggest and widest cryptocurrencies present. It is the foundation of other small altcoins. Maybe unless, you shifted to another altcoin and others did too, in that way, that altcoin would still stay on the exchange market.
No. Bitcoin is just bitcoin. If bitcoin die it will make the market fall down to the bottom. But crypto coin still alive. because they better than bitcoin. They only need time to prove themself
If bitcoins dies i think the other altcoins will be dies too, because bitcoins is main of digital coin be used for exchange the altcoins except fiat currency, for example we can see right now price of bitcoins is down and it be followed by other altcoins too, all of the altcoins follow the bitcoins except the altcoins that has large of comunity and the function in their comunity, the kinds of this altcoins will be alive in my personal opinions.
I believe if BTC does die (that's for another profound topic to discuss), the altcoins that fall under the category of currency coins will die too. It will take a lot for an alternate currency coin to overtake BTC and I can't see any that are even close as of now. Any altcoins that belong or serve another function such as ETH, OMG, Sia, GNT (just a few) probably won't be affected by the death of BTC in general.
Jump to: