Bitcoin Forum

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

Yes that is right. Like fiat currency which has dollars, peso, yen, euros, and pounds so was bitcoin currency. Bitcoin was like dollars and other cryptocurrency are like peso, yen, euros and pounds. In a cryptocurrency economy it is not good to have only one currency but multiple but among them there is a primary currency that is above all them and that is bitcoin.

I believe so, that not it would be a multiple crypto,the more merrier they say. Aside from that we have another option to pay in other cryptocurrency. Also its good in trading as we can trade  in other currency we have the opportunity to spread our trading.But this altcoins will not survive without the community support who are supporting it. It is survival for an alt to be popular and valued since there is a proliperation of alts and some are considered already as scam. No tangible roadmap and project etc.

It is currently happening actually. have you tried betting on directbet.eu?  you can see that you can bet which ever coin you have such as dash, eth, ltc and of course btc.
Like the rest of us here i once tried Yobit Dice and you can even use coins that isn't every by the rest. Yobit dice allows you to bet all coins they have listed on their exchange. So yes these alcoins are staying for good and they will eventually be used widely.

I was thinking the very same thing. Bitcoin doesn't have endless capacity, and the people eat up pump and dump altcoins for breakfast. Exponential growth is going sideways.

I also think that, as I see it has enough capacity bitcoin limited and whereas if bitcoin can be crypto currency favored by all. Then I worried because the down will experience a bitcoin users always use the bitcoin every second

Yes, i tried in Yobit dice. All my not so known alts, those who are devalued cryptos  I use to bet on Yobit Dice. More alts means more opportunity to use and earb from it.Most gambling sites are now adapting multicurrency to have a wide reach of gamers.

Isnt this going to make chaos if there are a lot of online currency out there? I see its good specially for gambling websites and traders but how about the future.

It is good to see some competition for bitcoin, so the development should continue for it to not be overtaken in terms of popularity, usability and overall trust. Let's just hope that the more altcoins come out, the better the experience we as users have. The competition should only make the world of crypto currency move forward to serve what their market wants and needs.

Its been a chaos even today so no worries. The more alts will soon be created after all one can stop someone from creating but that doesn't mean all of them will have values. Those coins not being used by their own community will soon die too. There are lots of dead coins already.

There is no doubt that bitcoin is the strongest of all cryptocurrencies but ltc, dodge and the rest need some improvements if they are to remain on the list 10 years from now. Some new coin might just rise and chase them out of the game if care is not taken...

i did a little rearrangement here and this much is right (except the strike-through part), there is no argument that in the future bitcoin won't be the only cryptocurrency that is being used. it is pretty much possible that new altcoins can become big and strong.
but those altcoin are not the ones you might think and especially ethereum which will never be in that list because it is just a pump and dump coin with a lot of manipulation behind it to keep it alive.


the only thing that this link proves is that bitcoin price is now somewhat stable, so the trade volume of bitcoin is lower and traders are looking elsewhere to earn some profit and what is better than pump and dump coins.

in other words the highest volume altcoin is the most pump and dumped coin of this year.

well. bitcoin is the main root of every altcoins.. i think there will be some coins out there that will surpass bitcoin.. but it will take years before it happens..

Agreed. THE BIGGEST ADVANTAGE OF ALT COINS is taking stress off the bitcoin blockchain.

I agree, I think altcoins are here to stay. Plus crypto would be a lot less exciting if there was only Bitcoin. The vast majority of alts are insignificant but every now and then you get a new coin that truly attempts to bring something new to the table and that's pretty cool. I think that somehow altcoins complement Bitcoin, they help strengthen the entire cypto sphere.

No i disagree, though i can see that the combined alt market capitalization is growing, i very much disagree that they would be as fluid as Bitcoin, especially in the next 5 to 10years. I believe it would just be the same as it is right now, alts would mostly just be used for currency exchange; why do i say so? Bitcoin is already having a hard time being accepted by large companies such as Amazon, but it has gone as far to be accepted by Steam, NewEgg and Microsoft. I doubt these firms would consider having other cryptocurrencies to be used in their payment system. So i say altcoins will only go as far being traded between users but not large firms.

It seems to me that for now multiple cryptocurrencys are needed since at the moment we dont have one coin that ticks all boxes, perhaps in the future we will get one that does eveything. Either that or we may have to rely on side chains. For ease of use i think it would be easier just having the one cryptocurrrency but i think your right. already we are atr the stage where there are a few different ones needed.

yes now  already there so many different coins on internet , so many sites trades on different coins , but i believe bitcoin is the strong crypto currency which will be used majorly on almost all the sites , and there is always strong growth for bitcoin , future also i hope good for
bitcoin :)

Right now bitcoin is dominating the market of cryptocurrency. But altcoin aren't designed to compete their mother. For me, altcoin like ETH, DOGE, and the others are the ways to safe my bitcoin into other forms. Also altcoin are used for daily traders to earn profit. They buy it and sell it everyday, so I don't think altcoin can have same market cap with bitcoin which is bought and held for long term. Maybe in 5 or 10 years from now, we will see a new cryptocoin which is a mother of some altcoin and designed to be a rival of bitcoin, also has bigger market cap.

I agree that crypto will be a lot less exciting if only bitcoin existed. However I don't like so many alt cryptocurrencies which maybe they take some stress out of the blockchain but they do also harm to the bitcoin in the sense that they take from bitcoin a part of its power and price. I think if only bitcoin existed now we would see a much higher price of bitcoin but since it has a lot of branches(alts) then the price is not as high as we would like it to be. I am against this future and I only believe in bitcoin personally.

Definitely. I believe Monero will be the #2 coin (and could even be #1) since it offers the greatest privacy and untraceability of all coins.

All BTC transactions are public and the user is pseudononymous. That's great and has many practical uses. There is also a need for privacy and untraceability, and BTC can't provide those. XMR has the best implementation of those features in a fully decentralized coin.

Many, if not most, of the other ALTs don't enable substantially different use cases from what one can do with BTC and XMR. Even LTC doesn't do anything substantially different from BTC. Perhaps the storage coins do (like SIA and MaidSafe), and ETH also has its own universe but that confidence has been shaken and it could take a big turn south depending on how people react to the upcoming DAO resolution.

So, I see a few coins with widespread use and the rest will be used mainly by enthusiasts.

Yes and no/ yin and yang.

NONE of them currencies even have a debit card - bitcoin has multiple debit cards... So in essence, none of them other coins really matter haha!

But its good to have a backup plan in case the bitcoin blockchain ever is super slow as some bitcoin theorists fear.

I believe whatever happens, we are good.

Unlikely, if Bitcoin is ever globally accepted as a currency (most 'normal' people still call it a commodity) then altcoins will take the place of bitcoins and become a commodity themselves.

i couldn't agree more with your title, in the future there will be multiple crypto currencies at work.

but i can't help but think you have a specific altcoin in your head right now and that is why you created this topic, and that is ethereum that you also mention in your OP. to that i have to say dream on. because ETH will never become big and will die a slow death over time as people leave it behind.

Yes, there will always be multiple crypto currencies, but I believe that there will only be one that is dominant and the #2 currency will be a distant second.

Anyone can just create an alt, there will always be alt coins but they are testing ground for bitcoin. All alts are priced in bitcoin and they do take some value away from bitcoin but nothing we can do thats the beauty of crypto.

bitcoin is currently still a central exchange that can instantly be fiat money
without bitcoin altcoin not been able to stir and stand alone may currently only litecoin can approach and replace bitcoin

Since 2013 I have speculated and traded in altcoins. I've seen  and invested in many promising projects and I've seen and invested in a lot of scams. What is true for them all is that sooner or later they have all become dead in the water.

So I don't believe in altcoins anymore, if one comes along with sufficiently desirable qualities Bitcoin will integrate it.

i do not agree with this statement. i think we are in struggle to make one currency system in the whole world. i think it will be more convenient to use one currency in the whole world. there will be no need of to exchange currencies. the whole world will use the same currency any where.

There's no room for other crypto.If we have lots of them,each one will kill the other one.Bitcoin monopoly would be the only way cryptocurruncy can survive

Yes, i don't think. Other ALT coins will increase for Bitcoin. If Alt coins increase then Bitcoins increase too.

yes it could be, there are a lot of gambling site now using different type of altcoin although bitcoin still the main currency, it will be great to have a healthy rivalry between crypto coin, but if too many crypto coin its also becoming a problem for the user, it will be inconvenience to have so many wallet

This is already happening, but the market is just so diluted with so many crappy altcoins that it's harder for a certain altcoin to gain enough momentum.
ETH was doing pretty good until it got exploited, another altcoin will probably rise above the others, but I do not see one rising up to half the value of Bitcoin any time soon.

I agree with OP about this, market is huge and there will be just 21 million coins minus lost coins. There will be a lack of coins as I see it, so this story have a point. If bitcoin really become mainstream there will it will be a mother of all alt coins, and some alt coins can worth much more then now.
Here is not the point in some alt coin to replace bitcoin, its more about following and fill the empty space behind bitcoin. If bitcoin ever worth a lot, people without money will relay on other cheaper alt coins. And its good that for trading with alt coins you need btc, it cant be done without it.
For 5 - 10 years like OP mentioned, we will see if this story can hold. I think its possible, technology is the future, and blockchain have potential to have very good position.

In 10 years or so there will probably be a few really good alt coins each designed for something specific.
We are already seeing a good range of new and exciting projects beings launched on the back of some alt coins and i can't see that stopping anytime soon.

no need to wait 5 or 10 years from now, i think after halving yesterday, alt coin (almost every) got up trend in many market and there are some of altcoin jump into 100 % than before. and of course bitcoin will be mother of all cryptos, people exchange (selling) altcoin into bitcoin and the cycle will rinse and repeat so there are many altcoin will start to get up than before.

Many of people joined bitcoin or joined the crytocurrency world because of altcoins, and bitcoin can not stay alone in this journey, bitcoin can only help the other coins not destroying them because we buy altcoins with bitcoin.

Altcoins will continue to coexist with bitcoins. It's pretty simple.
When there's bitcoins, there's also all these other cryptos or alts because without them, trading with bitcoins would be probably very difficult. Right now, trading with bitcoins and other alts is kind of easy.

They just don't take away value from Bitcoin - they bring value to the crypto ecosystem.
A lot of people who have invested in Ether, would not have invested as much only in Bitcoin.

The charts besides show a bit loss for bitcoin we see the crypto world getting more and more investement that is great. People are investing into some altcoins dreaming one day they can hit or grow as bitcoin even to smaller value like 200 dollars or 100 dollars, this would make nowadays several people rich almost instant.

People are now actually doing this if you look at Yobit and other exchanges people are more than willing to trade their bitcoin to other altcoin because they believe that one of these altcoins can and will rise to be one of the top crypto currency and be accepted by merchants

i really really struggle to believe that. all they're after is more bitcoin. anyone who thinks their pet coin is gonna take over the world is gonna have a bad time.

before anything else can happen, one crypto has to break out into the wider world. it's no good staying in the weird little corner it's in now.

i think there'll be alts that fulfill different purposes but bitcoin will always be the one. i also think that not a single one of the current alts will be anything other than dead and forgotten in a decade.

I agree with you man. They just trade their bitcoin to other altcoin in my opinion because they believe it will rise someday but I don't think they are holding it for years they are just holding it for 6 months at the best I think. Well it may be possible for the future world to have multiple crypto currencies but I think it would be hard, it would be hard because only time can tell what will really happen in the future.

currently i'm will not closing my eyes for other cryptos indeed Bitcoin the first and the biggest cryptocurrency but if in the future the particular altcoins could survive and have big market and allowed to use i would like to use them too and bitcoin will lead them to the glory of cryptocurrency

It's better for the crypto currency community to adopt at least 5 crypto coin or more, so people will have more choice and there will be balance in the eco system I see that happening in the next five years and those that are on the top 10 coinmarketcap on that time will definitely be on one billion marketcap..

its meant that you want to say that the world should not use a single currency. i think if the world will use a sing currency it will really solve so many problems. i think there will be one and equal currency in all over the world and there will no up and down in any area in the price of the currencies.

Yes right, i'm realy believe the future the world currencies it's more are ALT-Coin. Cause ALT-Coin can do as great. it's willl be happens on the day :D

I agree with the op, bitcoin will be just one of many currencies, there will be product specific coins, reward coins and various other coins that have a specific purpose.  Bitcoin may be the most mainstream coin but there will definitely be other major coins out there.

My prediction is that there will be 2-3 cryptocurrencies and btc will be the strongest one

altcoins will always exist alongside bitcoin, no matter when we are, now or 10 years in the future. it is the open source new technology nature that makes it so everybody can contribute to the advancement of technology be improving things. but they may not all be as successful though.

If bitcoin becomes very expensive, then there will be room for other cryptocurrencies to be used along with bitcoin. Bitcoins are going to get continue to get harder to acquire as fewer are mined. The problem is figuring out which altcoins will survive.

https://s-media-cache-ak0.pinimg.com/736x/48/9d/3d/489d3dc7d8881e48ae5105669cfea7ac.jpg

The picture says it all. It is inevitable that one day bitcoin will surely be replaced by any other altcoin. But I think that day will be seen by our grandchildren and not by us. Probably 30-40 years down the line, bitcoin will be considered as antique and highly valuable that general people won't be able to think about.

but i think only bitcoin is enough for the future of the world. i think if the world decide to use only one type of currency and if they decide to use bitcoin instead of any other currency i think it is not impossible then.

if bitcoin lasts another 3-4 decades then that must mean that it's become a success. success equals a bunch of people pouring money into it.

how do you replace something if a vast amount of money is tied up in it? why would anyone want to replace something? does every single human who's involved agree with every single other human to abandon bitcoin at the same moment?

people are not gonna look at some alt after decades of bitcoin running smoothly and think 'hmm, that one's got a 'like' button in the wallet. guess it'd better sell everything before it collapses when everyone else has the same idea and jump on board.'

this ain't a website you can abandon with a few clicks for the next hot one. the incentive is there to keep improving it.

yes off course because world is changing financial era. Bitcoin is just one of altcoin among many more  having highest value for exchange in market globally  and can also be exchanged in fiat currency.

This magic is just because of blockchain and cryptography.

World is already start to go beyond as steemit formed blockchain social network.

In future few more advantages of blockchain will see.

Banks are also testing blockchain feature for better banking experience.
 

I totally agree with everyone that says that this statement is true. We can not only rely on btc.
That is why I am looking into getting into multiple other cryptos too. But just need to figure out which ones are not the next scam coin  ::)

do you really believe that any of the current alts are gonna be here in ten years? bitcoin itself might not be. the only thing it has is first mover advantage and that may well be enough.

all the other ones are pretty much nowhere and only live on exchanges. the tech's gonna get better, the scamminess is gonna get weeded out and new waves of buyers are not gonna put up with the shit that we do.

thats right, bitcoin will always be the best cryptocurrency that is out there, in my opinion because of that it is the best to hold your bitcoins right now and not sell for the future

Whoever comes up with a Alt coin linked to some killer App, will be the king of the Crypto hill. I have no doubt that one of the Alt coins will rise to the top soon. Bitcoin only have

the edge over other Alt coins because it has the wide acceptance from merchants. Once one of the Alt coins can find something that stimulates it's use, it will surely be a

success. One of these uses will be connected to social media or gaming or gambling.  ;D

Exchange paradise to collect fees from converting the coins. Having one coin like Bitcoin everyone accepts is better for everyone (except for the exchanges obviously).

It is not chaos if there are a lot of coins, but it would be chaos if there is not a coin everyone accepts - then you would need to use exchanges very often.

Casinos (real life ones) have the right idea for this. They offer tokens that can only be used on their machines within that casino they distribute them from in exchange for your money whether it be from your bank account, credit card or debit/cheque.

Actually most altcoins live today on exchanges only as well, even the ones in top ten in coin market cap. This also means coin market cap is not good representation how much a coin is used at all, and I suspect these altcoins are used much less than their respective market cap suggest, eg mostly held as speculative investment only and not used when buying some product/service. At least thats my experience, I spending Bitcoins only but I had few altcoins for playing the speculation market - but only to increase my Bitcoin holdings.

There is really no reason to believe any of the current altcoins going anywhere, I mean moving out of the speculative coin and be actually as usefull coin as Bitcoin.

You nailed it!  I believe even government will release their own cryptocurrency!  There are lots of technology that can't be implemented to  Bitcoin without hardforking it and the developer is really avoiding this kind of stuff.  So pretty much  the technology that can't be adopted / integrated to bitcoin will then be the reason why  alternate currency will be used i nstead of Bitcoin.  So yeah it is multiple crypto currency to be used in the future  not just BTC.

I think the governments of this world will ban Bitcoins and Altcoins one day and they will implement a new Cryptocurrency made by them, which will be as secure as BTC (just for us as citizens, but they will see ALL our actions). Bitcoin is just a test, imo.

No, I don't think so. There are already some cases where other cryptocurrencies are accepted as direct payments for products and services, however this use is of minuscule scale compared to Bitcoin. There is also zero indication that acceptance of other cryptos is increasing in any way. And why should it? The other CC's are not offering any meaningful advantage over Bitcoin for that purpose.

Bitcoin had a first mover advantage and as a result enjoys the largest support as a currency. The resulting network effect is very strong and will not be broken easily. Other cryptocurrencies need to offer revolutionary advantages over Bitcoin to be able to compete. I don't see any altcoin that fulfills this criterion.

ya.ya.yo!

thats true, only people will be able to do something about it if they will not listen to governments new laws, i hope that bitcoin will become the only currency in the future

Yes there are almost hundreds of cypto currencies now and in the future the number will increase but the bitcoin will always be the best and mostly used cryptocurrency. It will be because it was the first unique thing developed!!

Plus Bitcoin has best development. So many new improvenment made for Bitcoin and many more planned in near future, other coins lacks both user base and good code development - both so important for successfull coin.

just being the first doesn't give bitcoin any kind of edge over any other cryptocurrency that exist or may exist in the future, there are in fact a lot of other factors that gives bitcoin that edge to be in front and be the number one.
for example one of the biggest ones is that bitcoin is being used as a currency so it is not just some digital numbers you give value to, but instead you can purchase goods with it.

I also believed that this will be the future. There will be multiple crypto currencies. If in fiat there is USD,EUR,GBP,JPY,CNH and other currencies, in the crypto currency, there will be its own version and I think time will come when countries will adopt what will be its national crypto currency. BTC will be like the USD.

But among all cryptocurrencies I think bitcoin is the only one mostly accepted by mechants. The others are there only mostly for speculative value. That has been the dynamic of btc vs all the others and that's where it will stay because altcoins cannot shake its bad reputation of being run by greedy, thieving developers. Let's face it, it will take years until we see something that is as widely accepted as bitcoin.

different crypto currencies are competing each other. so I believe the strongest ones only will remain alive in the future. I use bitcoin only because it the most popular one and it has the highest market cap amung them

I agreed,  Because in my assesment all crypto in altcoins are depending to bitcoin,.without bitcoin crypto will not be created but since the main reason why altcoins appeared it shows that both of them are helping to one another. So it is very cleared that in the near future many cryptos in altcoins will become stronger like the origin of the digital currency. ;)