What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
If altcoins were never made, I suspect that bitcoin would not grow so much either. Part of the altcoin trading is that altcoins are used to be exchanged from and to bitcoin, then to local currencies. If altcoins did not exist, demand for bitcoin and awareness of people is lesser than we had today. Who would want to buy something that cannot be seen and can only be traded to USD or your local currency? People would just trade in Forex instead. That's why altcoins still has part on where bitcoin today is. 
Topic: No other currency - page 4. (Read 797 times)
What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
I never imagine or never though if a cryptocurrency doesn't have altcoin, and I don't know how high the bitcoin value. When there is a chance to make more money, people will tend to create a new way so they can make more and more money. Maybe that is the reason why there is altcoin besides bitcoin. And with the altcoin, it does help us to make more bitcoin, which we can convert into fiat, and we should thank you to the altcoin. Bitcoin can change people's perception of cryptocurrency, but with altcoin, cryptocurrency can survive for a long time.
Thankyou guys for your reply now I know I am enlightened that we also need alt coin. For us to make profit on the crypto currency world. Alt coin plays a crucial role on this. And also for the traders because not all of the time there is a movement on bitcoin so they use or trade other currency instead. thankyou and that is my analysis based from your answers.
bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.
is this serious mate?how can traders do trade when there is only Bitcoin in market?just bitcoin to fiat?sounds funny lol.remember that competition make this market more healthy and functional and that's the same reason why Bitcoin is now on top and being treated as king of crypto
In my opinion, for example, there is only one crypto currency, only bitcoin and no other altcoins. We can say that the price of bitcoin is the same as usual because the bitcoin prices that we often see in the last few months are not affected by other coins even now bitcoin is one of the coins that affect other altcoins where if bitcoin prices go up high then most of the other altcoin prices too goes up.
you cannot compare market if theres nothing to compare with,you can say that because there are existing altcoin but if not?how can you compare the movements? I think this is impossible.
We all know we humans always want to develop things.
If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.
Indeed, Humans always look for an alternative in everything. If altcoins is not discovered, there will be still another crypto that can be use as an alternative for Bitcoin. If there will be no other cryptocurrency the possible thing to happen is bitcoin wont be able to move up and it will just easily die.We all know we humans always want to develop things.
If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.
But as the situation given by the OP, there will be no altcoin created.
Despite Bitcoin being a new tech, they are not appreciated by the investors in that scenario.
And I doubt that even other altcoins would be created, it will still be ending at Bitcoin. No other ending but Bitcoin.
One can hardly say for sure that if there were no altcoins, then bitcoin today would be of much greater value. It was their interaction in the cryptocurrency market that gave the current result. Would gold be of great value if there were no diamonds, silver and other valuable metals? Who can say for sure? Perhaps this situation is simply impossible. We will always have alternative solutions to our problems.
On the other hand, would the dollar be of great value if there were no other national money in the world? I would not say that. There would be a different approach to value setting.
Different approach indeed. There's always other side of opinions and to whatever extent it just simply for anyone's own views.On the other hand, would the dollar be of great value if there were no other national money in the world? I would not say that. There would be a different approach to value setting.
But like what you've said, comparing things to other venues of investment, value will depends from investors appreciations.
With defining the industry bitcoin went to this level with how the current market reacts.
One can hardly say for sure that if there were no altcoins, then bitcoin today would be of much greater value. It was their interaction in the cryptocurrency market that gave the current result. Would gold be of great value if there were no diamonds, silver and other valuable metals? Who can say for sure? Perhaps this situation is simply impossible. We will always have alternative solutions to our problems.
On the other hand, would the dollar be of great value if there were no other national money in the world? I would not say that. There would be a different approach to value setting.
On the other hand, would the dollar be of great value if there were no other national money in the world? I would not say that. There would be a different approach to value setting.
It would be difficult for the only Bitcoin to make this cryptocurrency platform as we see here, I think product development is the main issue of making a new platform, so without other Altcoins, the development or evolution of Bitcoin would face a lot of challenges, market developers are the main keys of this mechanism, they are getting in the competition regarding the price and position, So bitcoin has got a lot of bases in terms of development. without existing Altcoins, Bitcoin price would be very low, the transaction of Bitcoin would be an also very low level because of Altcoin movement is the main element of Bitcoin transaction so far, In my opinion, they are both complementary tools.
Bitcoin would have been more expensive than what it is now, because all the attention will be on btc like it still is, even with so many alts flooding the market the attention is solely on btc, people prefer to hodl more on btc than rest of alts, btc dominance already display it as well, so without any other alts in existence btc would have been more demanded and very high in price.
bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.
Nope, how could you trade with just Bitcoin? That doesnt make any sense. I couldnt think of some scamming issues while trading various kinds of altcoins in the market. I guess you mean investing in ICO/IEO could lead an investors to be scammed? But, anything you said about trading doesnt make any sense.
In my opinion, for example, there is only one crypto currency, only bitcoin and no other altcoins. We can say that the price of bitcoin is the same as usual because the bitcoin prices that we often see in the last few months are not affected by other coins even now bitcoin is one of the coins that affect other altcoins where if bitcoin prices go up high then most of the other altcoin prices too goes up.
What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
Well if that’s the case maybe bitcoin price will remain Penny ,because no trading will happen and competition wasn’t in effect.if I would to ask,do you want this to happen?or wish that there’s no altcoin ever?surely you don’t roght?People will not be interested in currency like crypto of bitcoin is the sole currency even created so better back off and don’t ask same question again
You can’t call market if there is only one choice
bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.
What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
Expect the price of Bitcoin to become more expensive as your money for investments will not be divided and will be just for Bitcoin only making the demand of it to become high. In fact, there are lot of fortunate people before who become rich by now because they did not missed the opportunity to invest when the only crypto that exist was only Bitcoin.
What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
The price will up triple.. but if that happen we will still depend of the price? I bet everyone find on how it can be use more than gaining more profit. a lot of businesses and companys will boost to use btc as main payment. without other altcoins btc now are accepted all over the world. maybe, government will find a way to use btc as our main currency that everyone in each country will use.
How you are wondering for high price if there is no competitor?
We will only see it's value when it have something to compare with, we can't compare it to fiat or in stocks since they are different market or platform. Bitcoin will only be like paypal or any other transactions method that send money, make an online payment, receive money. Without altcoins it can be tradable only converting in our fiat is it's use. Somehow will be like a plain fiat put in a digital transaction. 
I think this is impossible.
We all know we humans always want to develop things.
If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.
Indeed, Humans always look for an alternative in everything. If altcoins is not discovered, there will be still another crypto that can be use as an alternative for Bitcoin. If there will be no other cryptocurrency the possible thing to happen is bitcoin wont be able to move up and it will just easily die. We all know we humans always want to develop things.
If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.
I think this is impossible.
We all know we humans always want to develop things.
If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.
We all know we humans always want to develop things.
If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.
We might see a higher value or may not.
It will depend on the situation and we wont see that anymore.
It is not about the competition but more on how people will take bitcoin into another level which may be used in every day life.
We are seeing merchants declining the usage of it because of its volatility.
So why it is volatile?
Because there is a another crypto to be paired with. Selling it back to another crypto or to fiat loses its value and then some will buy back.
What if it will just rotate in the internet. There is no selling point until a certain time? Those are the kind of questions before.
It will depend on the situation and we wont see that anymore.
It is not about the competition but more on how people will take bitcoin into another level which may be used in every day life.
We are seeing merchants declining the usage of it because of its volatility.
So why it is volatile?
Because there is a another crypto to be paired with. Selling it back to another crypto or to fiat loses its value and then some will buy back.
What if it will just rotate in the internet. There is no selling point until a certain time? Those are the kind of questions before.
What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
There won't be big impact felt if there is no altcoins, but the growth of bitcoin might have got limited. Another thing the services offered by bitcoin won't be big as now. All the growth with bitcoin is caused by altcoins, because without competence there won't be big growth. With the existence of altcoins there is competence and continued development to stay on the top. This is how bitcoin succeeds against altcoins. Jump to: