Bitcoin Forum

I was just thinking, most new projects i.e the altcoins we have today are really not bringing anything new to the table other than enriching the devs themselves, who have these projects milking the life(value) out of established coins like bitcoin which could be the cause of been bearish or the extra load that's slowing bitcoin from going to the moon.

So what could be the long term effect of having more altcoins on the market, will they help build or break bitcoin?

Could exchanges play a major role in ensuring shitcoins don't get to see daylight to protect coins that are established to grow?

More market pairs, means bitcoin value increases , as more bitcoins spread over an ever growing range of alts.
Same for the other major market pair such as DOGE.

Any coin that achieves Major Market pairing such as BTC & Doge get a bump due to their increased usage, of all new altcoins or tokens that are opposite them.  :)

Depends on do you consider Ethereum a shitcoin,
if you don't you are rational,
if you do , then you are a proud bitcoiner cultist nutjob.   :)

Only Bitcoiners think any coin not bitcoin is a shitcoin, even thru these so called shitcoins far exceed anything that bitcoin will ever offer.
Everyone else recognizes the smart contracts, faster transactions, lower fees, energy efficiently that altcoins offer that bitcoin never will.

Alt-coins slow the growth of bitcoin.

People invest in alt coins, hoping that they will moon. They will for early adopters in very solid projects, but that is almost impossible to predict and very, very rarely the case. Most of the time they will rise factors faster than bitcoin, and then fall factors faster than bitcoin. Many of them start with higher percentages of the initial investors having stake, who will invariably cash out, crashing their projects. Other will have what seemed like solid principles that turned out to not be solid at all. Most of these will crash, causing those who needed "their moon" but were too leveraged from crashing as well. The access to these is often through bitcoin, which pumps bitcoin's price initially, and then drops it as they move to other currencies. The funds that would have been invested in bitcoin are then lost to a different system.

Will alt-coins break bitcoin?

No. How can they? Cryptocurrencies rely on market recognition initially. Bitcoin simply has more recognition, and that only increases with time. Bitcoin can crash in price, but markets run on belief. Bitcoin has that. Ethereum is getting recognition, but it runs into many of the same problems in limited transactions, and a small group of enriched investors (from what I understand). A major reason why bitcoin cannot crash as low as alt-coins is because previous investors -- over the past decade+ -- are a potentially a large group with high reserves to buy at low prices. The opposers of bitcoin often refer to the "greater fool theory", not realizing that a greater fool can be a single individual/group who can operate at both high and low prices.

Decentralization improves robustness

Shitcoins also prevent bitcoin from being singly attacked in whatever form by providing additional forms of decentralization. Philosophical attacks have to deal with someone defending with "but <shitcoin> has feature <X> that fixes <Y>". In that sense, shitcoins defend the bitcoin network. Eventually someone will come up with a decent shitcoin that will compete with bitcoin. Ethereum is likely to go through its troubles when it looks to surpass bitcoin.

Shitcoins are the future

Bitcoin is the future. But shitcoins are too. They will follow behind bitcoin, becoming a new form of stock in a company or providing additional services. Bitcoin will remain king as the primary financial mechanism has to remain "pure" of these "developments" and prove robustness instead of utility. Utilities come and go with new generational technologies, but underlying finances last a lot longer. In that sense, shitcoins matter, but not nearly as much, not unless someone can come up with a much more pure use-case.

I have wondered why the new projects have not created solutions in order to improve bitcoin.
Really, I wish that was the case and that the new developments were focused on meeting the demands of bitcoin users. But the opposite is happening as OP mentions.
The new coins or the altcoins are totally detached from the functionalities of bitcoin so I agree as some of you say that they want to be superior to bitcoin and that is their purpose.
Although I think they will not make it, bitcoin has faced battles from which it has remained undefeated.

You can always look on the market dominance on how alts is significant into this market but lets not really avoid the fact that bitcoin is always the best coins out there or simply here on crypto.

They might able to add up some liquidity but doesnt mean that they would be the market maker or only basis on where it would be going. Altcoins are always correlated with bitcoins price
or market trend and whenever bitcoin is on bearish mode then expect that altcoins would follow.

Day by day,new coins are being added into the market but i dont see to have an effect directly with Bitcoin.

There wont be any long term effects of having more altcoins on the market.
There are already over 8000 altcoins and many dont have any volume.

We could argue that its really only the top 100 that are actively creating
any interest from Lambo hunters and traders.

There are over 50 pages of nonsense and almost all coins slip down
the list and into that abyss.

There will always be new shiny coins to replace old tarnished coins which
were once new and shiny. Funds will flow from Bitcoin into $hit projects
and flood back into Bitcoin when it starts to rise.

There's no effect if altcoins do not have potential, actually, we have a lot of altcoins created in the space but that did not make the market congested because most of them, at least a huge percent of them do not have the potential and some are just scams.

Bitcoin will remain dominant and will remain as the number coin in the market, if altcoins will grow then well and good but bitcoin will not be left behind.

Consider bitcoin as the digital gold, it will always stay at the top.

None and if there's any, it'll be quite insignificant; In reality, it's the other way around if you check how the market reacts to BTCitcoin ^{[look at the top 10 on CMC, almost similar behavior]}.

They could but only some of them do it on a large scale...
^{- I do know that there's no way one could completely succeed in achieving that, but a large portion of them aren't even trying.}

There are already more than ten thousand cryptocurrencies on the cryptocurrency market. They draw on themselves capital from the total investment in this market and therefore inevitably this will affect the decrease in the price dominance of bitcoin. I don't think this is a bad sign. Bitcoin is too conservative in development and this affects altcoins as well. Therefore, let everything go as it is already happening. I think that the market will deal with these problems on its own. However, I expect bitcoin's price dominance to decline over time.

I think all these alts barely make any effect on Bitcoin. They just exist only for their fans. They are like soft drinks. Store shelves are full of them, but most people still buy Coca-Cola and Pepsi. Even the price increase on Coca-Cola and Pepsi does not make people to switch on other soft drinks. Bitcoin is like Coca-Cola among soft drink.

Having lots of shitcoins could potentially decrease the validity of cryptocurrencies as a whole specially when we have shitcoins that succeed at reaching top ranks such as the centralized ones like ETH, XRP, BCH, USDT,... This is even worse when the shitcoins are somewhat scammy too!
But I don't think such effects are going to be long term because as bitcoin grows it increases the distance between itself and other shitcoins. For example the biggest shitcoin right now is worth 0.069BTC and that is down from nearly 0.15BTC.

Having altcoins that are real projects, are secure and decentralized is a good thing but we have not seen any yet even though the altcoin market is about 10 years old. It could improve the technology and bring new innovations to the scene.
This won't happen as long as everyone (including altcoin devs) are focused 100% on making maximum profit.

At present, only LTC has a relatively large influence, and other altcoins are things for making money. As for whether it affects Bitcoin or replaces Bitcoin, it depends on the development of altcoins, because altcoins are now vulnerable to 51% attacks, and Bitcoin has quietly accumulated a large amount of computing power in the early stages of development, according to the current situation. Seeing that the cost of reaching a 51% attack is very huge.

They have a major role to play but they won't do that because when you look at it, the shitcoin are the ones giving them more profit than Bitcoin. How many people still sees Bitcoin as a source of been financially stable, not many but the likes of memes coins are bringing in countless numbers of speculators and that's what the exchanges are after which is why you see them listing anything meme every now and then.

This practice isn't just for meme project but any trending topics like Defi, NFT etc. Whenever there's a new trend in the space, exchange compete to get the best out of the new market by convincing new enthusiast to use their exchange instead of their competitors.

And guess what, the exchanges don't care as there isn't laws to punish them for actions they take without putting the welfare of their customers first.

But listen, almost all the alt projects set out to do this, improve Bitcoin.

But only very few improved some things. Most only solved what seemed to be a problem but ended up only providing band aid solutions. Bitcoin Cash is the biggest example of this. They thought okay, so btc is so small the blocks, let's just make blocks bigger and we solve the tps issue. But as they found out, that only creates bigger blockchains, not solving problem permanently.

hello sir, I understand what you mean, in my opinion this altcoin is only a price rotation in a lower market, so in my opinion altcoins will not be able to destroy bitcoins, because these altcoins have no basic basis, otherwise these altcoins will depend on bitcoin, so the conclusion is bitcoin will not be affected by new altcoins at this time, bitcoin may rise to the top of the month or into the deepest abyss depending on the people who are in the current sales market, we take for example elon musk, so back to traders, altcoins only bridge to enrich us with a small wave, bitcoin will not be affected by the existence of altcoins that have sprung up at this time

There is no immediate impact on bitcoin, but overall it will have an impact on the market. If all the altcoins that will be released in the future are shitcoins, it will affect the market in a negative direction. trust in crypto will slowly decline.


no, because now the exchange is all about profit. they are more interested in the money they will receive from a new project. so they don't care that the coin is shitcoin. if in the future they find out, they'll just be delisted, and act like nothing happened.

Ok, what happens with most of the Alt coins are this. The Coin is launched and loads of people will quickly buy a bunch of it, because they know that there will be a small window for a "profit" before people start to dump it again. So after they profited .. they will buy back into Bitcoin (BTC) or they will convert it to Fiat.

We know the real long-term proven Store of Value is in Bitcoin and not in a Pump n Dump shitcoin, so we profit from the short-term coins and then move on to the next one...  ;)

This is just how trading and Alt coins work... some of the coins like ETH /XRP / LTC are actually used and they stay around a lot longer, so some of those profits are dumped into them, to diversify the Crypto portfolio.  ;)

Agree with this, that was also my opinion base on the present market situation because most of the projects that were added in the space are just copycats no real impact on the situation because its already in existence that's why it is useless to add new projects anymore with the same concept and function I guess it was intentionally created just to enrich themselves (team) and become a pump and dump project and eventually died in the process and abandon for me it has no significant effect on the Bitcoin no matter how many new altcoins was created because most of them are come and go purpose only the investors will suffer specially the noobs.

I don't think altcoins are slowing the grows of BTC price. They just go along with it sometimes, getting some attention from investors, but I'm not sure that if there were fewer altcoins, people would invest in Bitcoin more. Perhaps there would be less attention to the crypto industry in general. I agree that the vast majority of altcoins are useless, but it doesn't mean that they're dragging Bitcoin down. Perhaps only in rare cases like when people send their BTC to burn addresses to get some altcoins, but it's not widespread enough to cause big damage.
As for exchanges, they care about profits, so if people are willing to trade altcoins, they'll be listed.

I think the new coin is enriching the developer and the team and enriching people who use that new coins to trade and make money. That is the basic thing that all coins will try to reach before the project be used for our life.

Bitcoin is not disturbed by that new coins because the bitcoin position because bitcoin will increase and leave that coins at the highest price.

The long-term effect of having more altcoins on the market will be more competition from each altcoin, and that will be our chance to make more profit from many coins. The exchanges can play a major role in helping the new coin grow because the exchange has many traders that can use that new coin to trade.

No you can’t just stop other coins simply because of Bitcoin. This is a free market and the sky is wide enough for every birds to fly. So you can’t stop other cryptocurrencies to be in the market, they are just there for their own business. It is up to people to make the decisions on what they are going to invest or not. And I don’t think that having many of these altcoins has any effect on Bitcoin at all, it doesn’t stop Bitcoin from growing.

Bitcoin has the largest market cap overall, that’s some huge difference, and that has not changed since the start. And the good thing about having altcoins is that it leaves people with lots of options to choose from and not just only one cryptocurrency.

While you are not wrong and most of the time this is the only use of altcoins, the few altcoins that are actually trying to develop something can become a testing ground for bitcoin, for example if a developer has a good idea and implements such idea on his altcoin and then the bitcoin developers see that this is something that could benefit bitcoin then they could later add that functionality to bitcoin without risking the bitcoin network in the process.

a lot have come and gone its a lot like the stock market, there will always be other places to invest and other companies with a new mouse trap. Whether the BTC value is $60k per coin or $500 per coin its still going to perform the same function.

This can be related to Binance listing policy, normally, Binance lists the most trending coin and others follow, no coin listed on Binance is not ever to be called shitcoin because the listing team investigates and do thorough research before approving altcoin to be listed, the purpose of altcoin is to support Bitcoin as well.

I think theres no long term effect on Bitcoin at all,
Most of them couldn't be seen as competitors because most of them would just end up dead or worthless.
There are already tons of alt-coins I think the only effect it has is they bring new investors in crypto somehow.

Nothing . otherwise it will increase more user to knowing what crypto is which good to increase more community and new crypto user and investor. i dont really into random altcoin only on top 20 could trust money with it . i had worst experience investing in random altcoin .

they can help break Bitcoins like what is happening now . more altcoins will divert people attention to invest in them and not in the Bitcoin . We don't need new coins anymore

They can but only a little of them but many exchanges are biased and can be easily negotiated by money to list coins that have no real purpose other than for pump and dump . We don't need new exchanges anymore

More and more new altcoins have sprung up, making investors increasingly spread to several altcoins. However, some of the altcoin procles that have been developed are only made to enrich themselves. but there are some new projects that do have good potential and innovation and can be useful for cryptocurrency.
Some scammers also take advantage of this opportunity to create scam projects that will trap many investors, therefore they must be careful and always do research to follow new projects.

The safest altcoin investment is investing in altcoins that are in the top 20 of CMC.

Not all, I believe. Just like doge, which is already in top 10. Do you think you can consider doge as safe alt investment? Though it is an old alt, but the increase of its price is highly dependent on Elon Musk, which is not a very sustainable one. Other than bitcoin, better invest in alts that have solid use case in the market like ETH. This will give them reason to maintain their market as well as users that will actually use their network. Without users, basically, the platform will go dead.
And these alts, will only show the true value of bitcoin. Because once the alt is abandoned by their respective devs, they will just go back to bitcoin again.

Honestly, those coins that have less support from the investors because when they create new coins, it means new opportunity and new options. the result would be the investors will skip those coins that have less support or less popular. that's why people always recommend investing in the top altcoins since they are not likely buried when some promising project will emerge out of nowhere with great support. When you see some coins that have legit supporters, consider it hard to die because no matter what happened it always gathers more support to keep it going even though the market is not looking good right now.

Currencies are more likely to be lost for random investment. When the price of Bitcoin is affected new companies join the market and try to pump their projects many companies scam when the amount of investment is high so it is better to stay away from these new companies. Depending on the price of bitcoin the price of other altcoins tends to increase altcoin won't have much of an impact on bitcoin although the price of this currency decreases the amount of investment remains high. Traders know that its price will rise again and reliable currency.

This can be the option for those people who rely on shitcoins because they found it profitable.

There will become more opportunity for them to buy and sell in a short period of time depending on their preferences.

By this, it will also make people leave bitcoin for the mean time and rely on those altcoins first because there are coins who are profitable during bearish market.

You started good but you ruined it.
ETH is just as useless as DOGE. The only difference is that DOGE is transparent about its uselessness and is known as a joke/meme coin while ETH never admitted it and in fact it fooled people into thinking otherwise. In reality ETH depends only on pump and dumps that partly happen by the ethereum foundation and partly by the scam trends through smart contracts on ethereum platform called ICO, IEO, STO, DEFI,... If the scams stopped today, ETH price drops down to less than a dollar.

I don't think altcoins can really harm Bitcoin. 90% of new altcoins will likely die.

Only altcoins with the real use-case will last in the crypto space. I don't think it will break bitcoin because they have different goals in improving the use of blockchain technology. If their development is continuous and has a real impact on a lot of people then that is good for the long term.


Exchanges will really play a major role, if shitcoins continue to get listed on popular exchanges then this is a shame for real projects who are working hard to develop their coins. This won't be good for long term because most people only buy what coin is trending which is most often a shitcoin. The developers of this coin don't have a solid background in blockchain so investing on this for long term is very risky, if they stop developing it then investors could lose a lot of money.

It is true that there are a lot of alt coin out there that have been released that are are shit and they are just copy cats and money grabing scams, but you can't deny the fact that there are some few out there that are actualy trying to bring somthing new and have some good ideas, not to mention the fact that the more coins to exchnage there the more poeple would be trading them with bitcoin since its is the main one that they pair it with, and that is what is actually making the cryptocurrency market move and in my opinion i think it is making bitcoin more valuable.

On the cryptocurrency market, there are currently over 10,000 cryptocurrencies. They take money from the total amount of money invested in the market, which will inevitably lead to a fall in bitcoin's price supremacy. This does not strike me as a bad omen. Bitcoin's evolution is excessively conservative, and this affects altcoins as well.

Yes, they die when the devs started dumping their tokens and leave the investors hanging while holding a bag of shitcoin which will never gonna pump since the devs left. Although there are successful altcoins out there that I can see is worth it, I guess not every coins got lucky for having an investors and a dev who continue to support their own creation.

I wonder what another type of ICO, IDO or some kind of hype will they be using next time like how they used DeFi nowadays?
I hope they would bring an innovative technology that would help the community just like how we use Ethereum and other altcoins.

I think there is no effect of growing altcoin to bitcoin, there are many potential altcoins and they wanted it to grow and reach peak to that of bitcoin but still at ease up to now or stays the same unless they really work hard on it and focus their attention to make it grow. But if not nothing change still bitcoin is different from altcoin

I think the so-called altcoins will continue to develop. In the end: 1. Bitcoin will not be the only virtual currency that has a monopoly. More mature virtual currencies that are not vulnerable to 51% attacks are recognized by everyone. 2. For a particular virtual currency, the people who recognize its value and the total computing power participating in the coin mining jointly determine its credibility. 3. Between different virtual currencies, there will be "exchange rates", and everything that happens on physical currencies will also occur on virtual currencies. 4. Due to the initial 51% attack problem, there will not be many virtual currencies that survive.

Most of these altcoins are upgraded on the basis of Bitcoin. The foundation is from Bitcoin, so I think it is difficult for other altcoins to surpass Bitcoin unless their founders have something new, from history. Look, almost every time Bitcoin rises, many altcoins also rise, but when Bitcoin falls sharply, no altcoin is immune, so they cannot affect Bitcoin, but Bitcoin The currency is guiding and influencing them.

I think altcoins will affect Bitcoin. Bitcoin's program code is public, so someone keeps modifying the program to create a new digital currency, which is what we call altcoins. With the passage of time and practice, the shortcomings of Bitcoin will gradually emerge, and many altcoins will consciously make some improvements and innovations in these areas. When altcoins become more and more perfect, of course, more people choose altcoins instead of Bitcoin, which will directly affect Bitcoin.

My opinion is that the quantity of altcoins doesn't matter,since most of them are shitcoins anyway.
What's the difference between having 100 or 1000 shitcoins listed on cryptocurrency exchange paltforms?
Having more shitcoins doesn't add any value.It doesn't improve competition.It doesn't improve blockchain technology as well.
Having lots of pump&dump shitcoins simply damages the reputation of the cryptocurrency markets,because a lot of newbie traders will fall into pump&dump schemes and lose their money.
Maybe some day,one altcoin will dethrone Bitcoin,but I just don't see any serious competition against BTC in the short term.

I think the biggest crisis of Bitcoin currently comes from altcoins such as Litecoin. Because the open source nature of Bitcoin itself does not guarantee that it has any technical advantages over other altcoins, the current altcoins will emerge in endlessly. Bitcoin itself will not be overissued, but because it has no technical advantage over other altcoins, as long as an altcoin appears, it is equivalent to an overissue of Bitcoin. When people find that the price of Bitcoin is higher than the psychological price, they will switch to buying other currencies. After all, they are all the same algorithm and the same idea.

Altcoins will continue to develop. In the end, Bitcoin may not be the only virtual currency that monopolizes the market. More mature virtual currencies will be recognized by everyone.
For a particular virtual currency, the people who recognize its value and the total computing power participating in the coin mining jointly determine its credibility.

Whether it will affect or replace Bitcoin depends on the development of altcoins. Bitcoin quietly accumulated a large amount of computing power in the early stages of its development.

That is why the emergence of a large number of altcoins, and with the best functional indicators, strongly distract investors' funds and therefore the level of capitalization and dominance of bitcoin is falling. It is still difficult to say what this may lead to, but in any case it is not in his favor. Even if we take into account that 80 percent of all altcoins are useless, the process of their development is still going on, and at a fairly rapid pace.

The technology that goes behind Alt-coins is generally experimental with claims about TPS, finality etc. The reality is that none of those claims make sense when the consensus is based on a centralized, unfair distributions.

A cryptocurrency that gives equal chance to everyone interested from the outset is a difficult thing. This prevents the network effect of honest, early users from kicking in. This will remain true for all future cryptos. IMO, There really cannot be another Bitcoin without finishing off Bitcoin which would mean the finishing off of the whole space. I don't think anybody is willing to do that.

The growth in number of Alt-coins by themselves was not quite such a big issue till recently. Most of them used to launch and struggled to gain a community. The problem has worsened since centralized exchanges like Binance started backing projects and then every OTHER exchange followed.

Then came the idea of having separate launchpad projects and now there are multiple "launchpads" that churn out projects every week. Couple this with launchpads on multiple chains and you will realize that the sheer number of these projects has become ridiculous. This takes away a lot of attention from the better, truly innovative projects. The Alt-coin space is meant to be an extension of Bitcoin such that the innovations and communities gained there contribute back to the adoption and understanding of Bitcoin as the sound money. Unfortunately, there are too many isolated communities, chains and projects with no seeming end to this fragmentation. This isn't really good for Bitcoin or the whole crypto space and may already have hurt Bitcoin.

Like, DOGE was a joke right. Guess not. It has ended up as another opposing camp to Bitcoin.

I know that just like we have the shitcoins, we also have the shitty exchanges that will list anything that comes without taking into account their genuineness. Even so, I don't think this is a problem to the growth of Bitcoin and many of those Alts will naturally die off anyway.

I do think Bitcoin will get affected by altcoins, like what happened before when all sorts of shitcoins were everywhere. People transmit their money in Bitcoin to those coins and most of them get their money lost in altcoins...as far I'm concerned, some dominant altcoins, such as etc, eth, ltc, uni, dot, they do have influence on Bitcoin and their prices are highly related to Bitcoin. those who think Bitcoin is too high might choose those altcoins above for value investment. But shitcoins, they have negligible impact on Bitcoin coz ppl involved in them are almost gamblers dreaming about getting rich overnight, which is very risky and reasonable if they go zero.
valuable altcoins will spare the wealth which is supposed to put in Bitcoin, but that's not a bad thing ;)

History has shown that in the end all the money that flows into altcoins during euphoric times is channelled into BTC when the euphoria cools down. Some of this money will exit into fiat and some will stay in btc marking a higher low. Altcoins are very high risk projects, 99% are scams and flawed by design, less than 1% maybe has some merit when it comes to innovation. Despite this they are ultimately not bad for btc, because remember when an altcoin fails the smart money flows into btc.

We all know that no altcoin can compete with bitcoin, however I really think altcoins have the effect of slowing down bitcoin and if anything I think they have been the main culprit that bitcoin is not widely adopted yet, after all governments are going to try the same tactic by creating their own coins and claiming their coins are better than bitcoin because those coins are going to have the government behind, so while over the long term most coins will disappear the effect they have over bitcoin is real for me.

Top 10 you say,  well If i can make a comparison between ethereum and bitcoin I have noticed that when bitcoin is bearish, ethereum tends to be bullish and we have seen this happen  quite a number of times. 

I guess strong coins don't wait for the bitcoin wave, another perfect example out of the top is dogecoin which needs no introduction.

Are you talking about bitcoin mining, or rather the coin that takes up more computing power can dethrone btc?. But what happens to those coins that don't need the kind of mining that btc has...

I see your point and it's already been done by China, creating their own versions of crypto then banning crypto

mining from their place to bring pressure to their people, alts as we know it, being created to support bitcoin

and offer different approach where they've think bitcoin is missing. But for those true crypto followers bitcoin

will continue to dominate this market.

That presumption is valid but not totally a main factor on why bitcoin does have that slow in progress which is actually i dont see that kind of way but rather on the opposite.

Alts might able to get some marketshare and creating one isnt something that can be stopped because there would be people would create much more better coin that bitcoin

but it isnt just enough since community support would be always the key here or main factor if we do consider which coin is the best.

Altcoin projects are developed from technology solutions and cryptocurrency trends. Every year, we see different projects launch from trends from ICO, IEO, IDO, STO, NFT, DEFI… they help the crypto market maintain and replenish cash flow. I don't worry much about altcoin markets as they are always refreshed and purged. Some projects die, some evolve into TOP altcoins.

Exchanges are only listed on-demand and for profit, they disclaim all responsibility regarding the project. Even Bithumb has listed a scam coin called CBDAO because they get paid to do it. Binance lists Sushiswap to keep up with market trends. We should not blame them because that is the nature of the market, we can only choose the right project to invest in and hold.

Current projects are essentially FOMO, FUD, pump and dump. The final points are the money that will flow to Bitcoin. For example, there are fewer Bitcoins on exchanges and the Bitcoin domain that always rises first is a sign of a bull market.

Japan was the first Government I believe to fully adopt the use of a crypto currency as "their own" in MONA.  Its interesting that still today 99% of altcoins will still fall to the effects of BTC price and can not break out on their own trading patterns.

Altcoins can't break bitcoin because bitcoin is not easy to reach. We can't stop a growing number of altcoin in crypto market because as the day goes by, many people always think a business inside crypto market in terms of tokens or digital currency which is the altcoins. We can't stop those who create altcoins because they know it was in demand. Many investors will invest no matter what the result is. In a growing number of altcoin in crypto market, the strongest wins.

That would be surprising if altcoins were independent projects that were released on this market, but as we know most coins are nothing but bitcoin clones claiming to be better and it is almost impossible that an inferior copy is ever going to surpass the original, so it is not really that surprising that we see a huge correlation among bitcoin and altcoins, and as long as this is the case and altcoin developers do not really make an effort to create something different then we are going to continue to see this behavior playing out in the market.

right, they all just tweak the same tech and made a few changes here and there like Proof of Service with Helium and POS with others. However I believe they all still use a blockchain ledger

They offer speculation opportunities other than Bitcoin itself. There is nothing bad about it and actually, if you don't like or would like to minimize their impact on Bitcoin, ignore them! ;)

Nothing..

They can create all they want no matter how many coins in the market it cant really just give out some effect to bitcoin because it would be still mainly depending on the support and demands of it which means if you do saw lots of alts but those things are mostly correlated with bitcoin trend or market situation.

Good thing with having lots of alts is having an option for you to diversify your investment but its up to your if you can handle out the risk involved.

Some people are afraid to deal with alts but with due proper research then its really worth to look upon.

This is not as easy to solve as you state, most of those that prefer to invest in solid projects do in fact ignore altcoins however when a bunch of traders are using huge levels of leverage and then they begin to sell their coins this affects the price of bitcoin too, also when a person comes to this market and decides to invest in altcoins instead of bitcoin because it is too expensive and then losses his money and they decide to never come back to this market that is another effect those coins have on bitcoin and we cannot simply ignore it.

Some altcoins have better features than bitcoin, some features like blocks each minute or smart contracts or low transaction fees are good for the cryptos environment. Is nice to have the option to change our bitcoin to dogecoins and only spend 1 doge as fees on transactions. And is cool to be able to change or Bitcoins to anonymous coins like zcash or monero and lose the track of our coins.

So, I think the effect is positive because altcoins give us the opportunity to do what we can't do with bitcoin.

With the increase in the Marketcap there won't be big disturbance through the existence of more altcoins. Maybe there'll be some change in accordance to the market situation on the dominance level. As every altcoin on the market is connected to bitcoin, a big effect won't happen unless potential altcoins like ethereum gains more real-time usage.

I think the impacts of having many new altcoins won't be significant to Bitcoin. If there are many new altcoins, it will make the crypto industry be stronger. That's because there are supports from more parties in crypto industry. I don't see possible bad impacts if there will be more new altcoins, it is a good sign for Bitcoin's existence. More new altcoins mean more new crypto projects, and this is the indicator of better adoption of crypto in the world.

what you say is true and i agree with increasing the marketcap which will not interfere with bitcoin with more altcoins. Bitcoin dominance is still stronger than altcoins. except for altcoins that have the potential to rival the dominance of bitcoin such as Ethereum and several other altcoins.
but directly more altcoins will not interfere with Bitcoin, even more altcoins will make cryptocurrency grow well and many new projects will appear.

That's if those new project have additional support from newcomers and not also just relying with same

people around, it will help the industry from bringing new investors who will learn bitcoin and other available

project around the market, domino effects and it's healthier to every investors.

Actually, with the many altcoins currently circulating, it has both positive and negative effects. But I prefer to focus on the positive effect it will have
on Bitcoin and investors. One of the positive effects that will occur will be that many people realize that Bitcoin is much better than any other coins.
Because as we know as well as any features altcoins offer, investing in Bitcoin is much safer and more profitable, especially for long term investment.

Then the positive effects obtained by investors are the many altcoins, makes us as investors have many choices of coins that we can buy. Moreover,
as you said there are some features of altcoins that Bitcoin cannot provide and that will benefit us. So the combination of Bitcoin and altcoins makes
the crypto world look even more perfect.

Counterfeit currencies may be a bit too optimistic about their prospects, at least for the time being, their weak advantages are far from making up for the troubles caused by multiple currency exchanges. If Bitcoin does not have major flaws in the future, only relying on network advantages and application convenience will be enough to defeat other counterfeit currencies. I think counterfeit currencies are indeed just counterfeit, and "continuous emergence" is only a short-term phenomenon. After this historical period of "continuous emergence" has passed, Bitcoin is the most promising one to stay. Of course, its deflationary nature will not change.

directly it will have no impact. even if every second a new altcoin is released, it doesn't make bitcoin budge. but even so there is an impact for the market, if many altcoins are released and the average is shitcoin, the market will lose investor confidence. when the confidence level falls, people will rethink buying and as a result there may be a sell wave.

There are already more than 10,300 types of cryptocurrencies on the cryptocurrency market. It cannot be said that they do not affect the price of bitcoin, since investors invest a significant part of their capital in altcoins. This is evidenced by the fact that in terms of price dominance, the share of bitcoin is only 41.4 percent and this figure continues to fall. However, this is a completely logical and normal process. Cryptocurrency continues to develop rapidly, new ideas appear, although useless altcoins occupy a significant part of it. However, over time, all useless will go away, competition in this market will leave only the strongest.

Increasing the number of projects certainly slows down the growth rate of bitcoin like coins because people are picking those shitcoins which are hyped by the exchange or other sources to make those people to believe that this coin is going to be the next bitcoin so please invest all your coins.

Exchanges as well involves but their goal is to make money on that they will get succeed but as a investor they should not invest on such risky things.

I agree with you. I believe that even the best Altcoin projects can not really slow down or affect Bitcoin in any negative way talk less of all the other ALTs that we know as OP mentioned don't really bring much if anything at all to the space other than enriching the Devs and collapsing in a crypto currency cycle.
On the other hand, I don't suppose exchanges can do much since if the projects Mets their requirements, they get listed and will continue to list invaluable ALTs as long as they are marking their own profits from that too. Remember that this is a business space.

Many ALT's are far superior to bitcoin, thus the alt force the senile dev-core-btc team to update their source, but in time, btc will fall behind and become a forgotten disabled alt


There are 100's of solid alt's today, and many of them don't spend a nickle on marketing, its all dev; Smart people stay on the watch, know them and hold them; Buy them now while  their cheap.

First isn't an anchor, just look at Lotus-123 from the 1980's, now long gone.

Pick the alt's that have better purpose than btc, that have better privacy, and that have a longer shelf-life ( using crypto 2020, no crypto 1990's )

The next BTC 2.0 will not be the coin with the most bullshitters marketing it, it will be the tortise&hair coin, that comes up from behind, because its the best quality, not because of marketing like ETH, or cultish followers like Bitcoin.

POC ( capacity ) will be interesting if they can resolve the 'fake plot' issue. Right now we're in a wash-out next 1-2 years btc will plummet, and some coin now at #80 rank will move forward; They need to resolve the problems, today too many coins (+12k shit-coins )  are really just btc-clones with pre-mining an no purpose ( other than enriching dev )

First of all you do not need huge red letters to make your point across, second you do not seem to understand the true nature of bitcoin, you make it seem as if the technology of bitcoin is obsolete when that is not the case, but the power of bitcoin not only comes from its technology, bitcoin is money and a network, a network is more valuable the more people are in it, bitcoin has 100 million people on its network and I doubt all alts combined actually have 10% of that in which case they will never surpass bitcoin.

Whether it affects Bitcoin or replaces Bitcoin depends on the development of altcoins. Because altcoins are now vulnerable to 51% attacks, and Bitcoin has accumulated a lot of computing power in the early stages of development, the current situation is that the cost of 51% attacks is huge.

Will also be affected a little. Bitcoin is the king of encryption, and the program code is open and transparent, so there will be new digital currencies that will continue to innovate in technology, that is, altcoins. Altcoins improve and perfect the shortcomings of Bitcoin. Some people will choose altcoins over Bitcoin, but it directly affects Bitcoin.

It seems that although there are many altcoins on the market, they have not been able to exceed the price of Bitcoin. Many of these altcoins have risen quickly, but they have fallen suddenly.
The appearance of these altcoins cannot affect the price of Bitcoin. On the contrary, they are all affected by Bitcoin, and the advantages of altcoins are not very obvious. Bitcoin is far superior to other altcoins in terms of network and application. Altcoins can make up for some of the deficiencies of Bitcoin, but you want to It is still difficult to surpass Bitcoin.

In fact, altcoins do not have much influence on Bitcoin, but Bitcoin has influence on altcoins. For example, when altcoins fall, it is still business as usual for Bitcoin, but when Bitcoin falls, altcoins will basically fall with it. , And Bitcoin has been developing for ten years, and the technology is getting better and better, and Bitcoin will definitely get better and better.

From the current perspective, even if a certain currency surpasses Bitcoin in the technical field, it will take a long time for the value to surpass Bitcoin. I firmly believe that the influence of Bitcoin will increase in the future. The current altcoins have been controlled by greedy human nature, many of which are simple plagiarism, worthless innovations, and even scams. Many air coins, really like the author said, are constantly squeezing the value of Bitcoin, using the trend of Bitcoin to carry out some unexpected activities, rather than impressing me through faith and a perfect economic model. I am sometimes disappointed. If you think about it from another angle, things must develop like a candlestick chart, with twists and turns.

- If altcoins have no influence, why do their numbers continue to increase and the value of bitcoin has also increased from there? This is clearly a parent and subsidiary system, when the parent company wants to replicate its development but lacks the platforms and capital, they will need subsidiaries such as altcoins. Such a series of investment events each year has turned into a conference for bitcoin to conduct fundraising, altcoins are the bricks paving the way for bitcoin to move to the future faster

If looking for real innovation, alt coins can do better as it have more  time to improved what lacking with

bitcoin, though there are lots of scam projects which is not good for this industry but those good projects

in the other hands impacting the progress and success as bitcoin still the benchmark of crypto market.

Bitcoin is very influential as the largest cryptocurrency. Many investors tend to invest in Bitcoin. Some people are now infiltrating new and innovative altcoins. The price of most altcoins usually follows the price of Bitcoin, but sometimes when Bitcoin falls, the price of altcoins soars. This is because some investors withdrew funds from Bitcoin and turned to altcoins.

I agree that when it comes to price, altcoins will have no effect on Bitcoin. This means that the price of Bitcoin will not be affected by altcoins,
but on the other hand the price of Bitcoin can affect the price of altcoins. But altcoins can have another effect on Bitcoin, because with the many
altcoins that have sprung up, it can increase the popularity of Bitcoin. Most traders use Bitcoin pairing when trading altcoins, this is what makes
Bitcoin more attractive.

What I could say is that it doesn't matter how many altcoins will be created as it never affects the market trend of Bitcoin and I know that Bitcoin will go to the moon in no specific time frame. It is not game-changing I think because investors had already known what particular coin they will invest and they surely don't bother themselves to waste their time looking for nonsense projects. Because at the end of the day, they will still choose Bitcoin over the others.

I think bitcoin will still remain the most influential crypto today, i mean there are also huge altcoins arised like ethereum and binance and others and keep on arising like many altcoins but as of today what we can witnessed is that the market movement of bitcoin is really affect the market movement of other crypto. I think that the growing number of altcoins doesn't really affect or even threat on the existence of bitcoin.

The emergence of altcoins is only a short-term phenomenon, while Bitcoin has existed for more than ten years, has withstood the test of time, and its technology is constantly improving. The emergence of altcoins is only for short-term benefits. Its technological development is not perfect and it is easy to be attacked and disappear. However, Bitcoin has accumulated a lot of computing power in the early stage of development, and it is difficult to be attacked by 51%. Altcoins have little impact on the long-term development of Bitcoin.

hello sir, i think what might be very influential most of the companies might be for their personal interests, but i see shitcoin or the current project is not affecting the selling price of bitcoin, bitcoin will not be affected sideways, bitcoin is still standing in front, which affects the price selling bitcoin is bad news about bitcoin bitcoin

Altcoins will not have a big impact on Bitcoin. Bitcoin is relatively long, has withstood the test of time, and the technology is relatively perfect. It has also accumulated a large amount of computing power in the early stage of development, and it is difficult to be attacked by 51%. As the dominant position of Bitcoin as a cryptocurrency, people have a strong recognition and consensus on it, and its future development potential is also great.

Most of the Alt coins are derived from the algorithms used in bitcoin’s blockchain and with studies coming out most of them are being regarded as more energy efficient and take even lesser time to process. Which is why there is a big possibility that the introduction of more altcoins will affect the demand of bitcoin

the more altcoin  on the market can have positive and negative effects for bitcoin itself
, the positive side: if one altcoin uses btc payments and the project is useful in the future it can make the value of bitcoin rise because the altcoin project provides benefits for its users and the bitcoin name becomes famous.
negative side: if many altcoin projects are fraudulent, it will give a bad image to bitcoin and can reduce public confidence in bitcoin itself

However, it cannot be denied that altcoins are growing and developing, and not only quantitatively, but also qualitatively. Using the example of DeFi and NFT, we can see that they are pulling off capital investments and therefore the level of dominance of Bitcoin is gradually decreasing. However, this does not directly affect him as the leader of the cryptocurrency. But in general, altcoins have a controversial impact on bitcoin. The role of cryptocurrency and its prevalence in the world is growing, including in many respects due to altcoins.

Nothing in my opinion, most of them just coincidentally goes up with bitcoin because some people told some people and those people told some people and so on. In my opinion, it's actually bitcoin causes the altcoins to grow because when the prices are high, not everyone can afford bitcoin so they go for the alternative.

More and more altcoins prove the success of Bitcoin.
If it were not for the success of Bitcoin, there would not be so many altcoins.
There are also many altcoins that are developing very well like Bitcoin.
Among so many coins, Bitcoin is still king.
Technology is constantly updated and developed. There may be better technologies to replace Bitcoin. This is the future.
This time period is still dominated by Bitcoin. Other altcoins still depend on the development of Bitcoin.

The majority of the altcoins follow along with the movement of Bitcoin in the market, but I do consider these altcoins valuable, of course, the devs have to supply themselves and the team regarding to that specific altcoin, although it may seem like a threat, I don't think we should worry since most of the altcoins rely on Bitcoin's movement in the market.

There would be always smart investors and there are some which do only invest neither they've dragged with the hype or been suggested by someone which would really result on why there are people who do really
invest on coins which are obviously trash and ending up on caught up themselves when it dumped forever.

Number of altcoins did sure give somehow some effect but not a major thing to Bitcoin.It could move on its own as long there would be some demand.They do have different markets since people get involved
with this investment does have choices which one of the two or having both.

So i dont see for this to be an issue or wouldnt mind off.

Since altcoins belong to different markets, some of them can help bitcoin becoming more popular by migrating the public of one niche to another.
I can mention NFTs as example. Many NFTs belong to the gaming market, which doesn't have its public focused in bitcoin. But through the adoption of NFT games, that is the main interest of this public, they can be also introduced to bitcoin from that moment on.

I've seen it happening already: people who had no knowledge or curiosity for bitcoin, however after they got involved with blockchain games they developed interest for that. That is why I think we could say altcoins have a positive impact on bitcoin.

Altcoins will not be able to kill bitcoin's dominance in the market. Thousands of altcoins do not even have the same uses as bitcoin as a means of payment, although some of them exist but are not as good and frequent as bitcoin. Bitcoin is dominated by many large investors who believe it to be the most profitable investment asset in the long term.

Altcoins are the second choice to diversify their assets to maximize profit. In the long term, I have seen altcoin not being able to influence the price of bitcoin and that is proof that bitcoin is a standalone asset without being influenced by the thousands of altcoin that are constantly vying for a place in the hearts of traders and investors.

The growing number of altcoins can't end Bitcoin in the future. It is not the number which is the most important thing. It is the quality of a project what matters. Now, we have around 11.6k cryptocurrencies in the market. More than 90% of them are useless, it is a true story. The best projects are in the minority but not all of them have the capability of dethroning Bitcoin in the future also.

If thousands of Altcoin projects have appeared in the market, I don't think there will be any loss of Bitcoin. Bitcoin is the most trusted and the altcoin that has been forked from Bitcoin is not even close to the value of Bitcoin. Bitcoin has always been dominated by the market, Investors will never let Altcoin dominate over Bitcoin. People know the name of Blockchain and altcoin because of Bitcoin so it is never possible for Altcoin to surpass or overtake Bitcoin.

A lot of Altcoins growing is good, because this is proof that Cryptocurrency continues to develop. And this will also have a positive impact on Bitcoin, because the increasingly popular Cryptocurrency will make Bitcoin even more popular because Bitcoin is the first Cryptocurrency to be recognized by the public. The demand for Bitcoin will increase and this will make the price of Bitcoin higher.

In this market, the value of BTC is almost absolute, and it is a belief for the market that when the price of BTC goes up, it will lead to a series of altcoins increasing in price and vice versa, when the price of BTC drops suddenly it will cause altcoins plummeting, all relations of BTC and altcoins are a resonance for the crypto market only.

Bitcoin as we know is the major crypto coin that have existed for long and have gotten the heart of many investors to have believe in Bitcoin which have triggered the so call altcoins that are coming out of the market now.  I don't think there would be any effect if the market is full of plenty of altcoins which will also contribute to the market cap of crypto making it gigantic and substantial for anyone to select from.

Since every cryptocurrency are attached to the movement of Bitcoin, then I don't think there is any way altcoins could  surpass the price of Bitcoin which is impossible for me to think of. I have seen coin which was pumped up to $40k but still fell after it was pumped which is why it is rare for any altcoin to compete with Bitcoin.

There are more and more altcoin projects, and many of them have a large-cap adoption environment. In fact, they are gradually taking over the majority of Domain BTC.D. It is a good sign as the crypto market is growing and becoming more decentralized. Bitcoin won't be as large as it was 10 years ago, when it accounted for 99% of the total cryptocurrency market capitalization. I think that no matter how many altcoins there are, it will not affect Bitcoin much.

what is the effect of increasing the number of altcoins on bitcoin,,I don't think there will be any effect,Overall, people can see Bitcoin as a less risky and more secure investment option. Meanwhile, altcoins (at least for the most part) fall into the ‘gambling’ category. New altcoins are usually very risky, especially when their market cap is low.

- Well, the fluency of your comment coincidentally explains the wonder of how altcoins affect bitcoin as it recruits new warriors, one thing exactly we can see is long lines of people were kept waiting in line to wait for a bitcoin purchase, its reliability is much better than the number of other gambling altcoins, the implication for the increased number is just to mark the importance of bitcoin to the crypto market, crypto can mass produce similar positions but the first code is still indestructible.

Mostly peoples invest in altcoins because they feel they have some quick profit from these as early adaptors and these are giving good return to them with developers also having some good with they are going out of market, but it's not hurting bitcoin because it's already leader and have some good faith from big community.

Altcoins having no effect on bitcoin market but supporting for cause of reaching magic figure of $100K in near future because now NFT and Defi is also bringing good number of investors which is good for this all.