Altcoins always thrive in the shadow of bitcoin once it enters a new bullish season. The opposite never happens, what means bitcoin is the cause and altcoins are the effect. And to say the truth I don't think that is going to change futurely, as bitcoin influence and popularity tend to be the strongest one among every of its pairs, due to its history of success and trustworthiness since its initial launchment.
One day, if an altcoin becomes a real threat to btc, then we might start talking about it growing by itself, outside the shadow of bitcoin.
Topic: Will altcoins thrive in the shadow of Bitcoin ? - page 2. (Read 171 times)
It is possible for some alt coin to cross the market cap on bitcoin in future. But that will not reduce the importance and value of bitcoin. When we talk about crypto, first thing that comes in mind of 99% people is bitcoin.
So far as the survival of alt coins is concerned, some alt coins will do well. Like BAT for example , it is related to Brave browser and I really like the integration of Brave and Bat coin. Getting rewarded for using a browser plus the browser has many other use cases like no ads while browsing YouTube videos. What more can a user ask for ?
So far as the survival of alt coins is concerned, some alt coins will do well. Like BAT for example , it is related to Brave browser and I really like the integration of Brave and Bat coin. Getting rewarded for using a browser plus the browser has many other use cases like no ads while browsing YouTube videos. What more can a user ask for ?
Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future.
Yeah, there's the price dump for bitcoin but look at the price of it again, the price quickly back to $22k and that was too easy.In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.
It's better to forget about this thing. It's been asked many times in the past whether it is bull run or bear market. Bitcoin has already proven that it won't be replaced anytime soon no matter what project is gonna come out and how optimistic it is. 
Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future. In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.
It is a big NO that any altcoin may surpass Bitcoin.Bitcoin is the first of all cryptocurrencies and is still the king,it has a huge market capitalization that other altcoins simply cannot achieve,most of all other altcoins we know their creators so we know which road most likely their go based on statements from their owners but we don't know yet who created Bitcoin despite knowing the team behind its development and I think this is a key point,Bitcoin is the true decentralization while most alts try to imitate it.
In the foreseeable future I predict no altcoin to overtake Bitcoin and I also predict that when the Bitcoin will reach a new all time high,like always most of alts will also increase in their price,this has been history and this will continue to be history.
Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future. In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.
So far everything points at a complete different direction. Alcoins dies one after another (luna, ftx), 99% of them are scams, NYDFS calls BUSD a security, New York Attorney General sue kucoin for offering securities (ETH). It seams that next bull run will be a bitcoin only theatre.
But even if I'm wrong (which is very likely) it really doesn't matter if few altcoins will overtake bitcoin in marketcap. Its like calling a gold "useless peace of rock" only because apple has bigger marketcap (we are not there yet). Gold is gold, apple stock is apple stock. People who want to own gold wont buy apple stocks and abandon gold only because it has bigger marketcap. Bitcoin is digital gold, Ethereum is a smart contract platform.
Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future. In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.
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