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Topic: Is the absance of Bitcoin affect the crypto Industry? - page 4. (Read 473 times)

hero member
Activity: 994
Merit: 1089
The cryptocurrency industry without BTC would leave us with so many altcoins that all have zero use cases, and what would that mean for the industry, surely a 'scam show'. It would be a cycle of, only those who can buy and sell at the right time would make profit and the rest would be scammed, nobody would be holding coins for the long term as people do with BTC, or spending it on goods and other services, it would be all speculation and it would not be long before 'everyone' either gives up or continue to lose their money to scammers.
legendary
Activity: 2156
Merit: 1622
The creator of the project, which can be briefly called "soon", is not a rare authority for me. Cardano was promising for six years that "soon" it would provide a great product, reaching a capitalization of $90 billion at its peak. It's a pity that as soon as they delivered the product, it turned out that no one needed it, no one used it, they didn't build a user base for 2 years and the price dropped by 90%. The question to be asked is "will anyone in the industry notice that Cardano has disappeared?" Of course, apart from investors soaked in promises.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
Let people like him continue to say rubbish. Anything that will make bitcoin price to get to $100 would have collaped all other cryptocurrencies that are existing. The extinction of bitcoin literally means the absence of bitcoin. And that means the absence of bitcoin literally means the extinction of cryptocurrencies.
sr. member
Activity: 658
Merit: 283
Hire Bitcointalk Camp. Manager @ r7promotions.com
Hope you are all doing well.
We all know that Bitcoin is the most powerful cryptocurrency in the crypto Industry and every 4 years, it crosses the previous ATH. A few hours ago I read an article where the founder of Cardano says that the crypto industry does not need Bitcoin for survival. Further, they elaborate these arguments through an example that in the old times a window was needed for computers to run and now the mobile phone does not need a window and can do good work. (actually showing the shift from windows to mobiles)
The meaning of the example is that in the old times, Bitcoin was necessary for the industry but for now the industry is independent or maybe some want a better option but in my view, the survival of the crypto Industry without Bitcoin is not possible because Bitcoin is a very huge system and the miner and users make a strong base for the cryptocurrency security and stability. This is just one and I know more factors also show that without Bitcoin crypto industry does not survive.
Guys what you think share your taughts?
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