Bitcoin Forum

Due to the tightening of monetary policy by the Federal Reserve and the knock-on effect of the bankruptcy of major industry companies such as Terra, Celsius and FTX, the crypto market is full of fraud, black gold politics and various conspiracy theories. I'm personally on the sidelines, but still have a lot of confidence. The pool of crypto markets is getting cleaner and cleaner.
In this earthquake in the encryption market, people's awareness is getting higher and higher. God said that the disaster is that people become smarter and see scams more and more clearly instead of pure trust. Altcoins are becoming more and more Like a mainstream currency, if you are a liar, you have to be a liar with a high IQ.
As a government, it will also make the encryption market more orderly through various regulations. There is no doubt that Bitcoin has had a huge impact on the global economic order.
The early dividend period of Bitcoin is over, and the next is the stable period. What are your views on the future? I clearly know that the persistence of beliefs is often not so strong, and few people can hold Bitcoin for a long time.

There's a silver lining in all of what's happening in the industry right now. I agree, the industry is getting cleaner and cleaner with the failure of those platforms that are designed not only contrary to the philosophy of Bitcoin but are also unsustainable.

The more this kind of failure happens, the more people will be drawn back toward Bitcoin. This must be a healthy and organic way for the industry to shake off its bad apples. If this kind or purging happens in rounds regularly, the purer the industry becomes. Sooner or later, what will remain are those worthy of everybody's support.

People need to stop looking at 99.9999% of altcoins as something that's trying to be/beat bitcoin in the currency/SoV category; but in fact, a huge majority of altcoins are in the "DeFi" category — with them acting like pseudo-stocks, with revenue share and stuff. Regardless what you're opinions are with these tokens, they're really not in the same category as Bitcoin.

Considering that there are almost 22,000 alts, I would say that they destroy themselves. The focus should not be put on bitcoin. Bitcoin was first, and the success attracted many imitators who have come to create real garbage, if not scams. Some of those that existed in the past no longer exist, and many of those that we see now will not exist because they do not really bring anything more than speculation.

I'm pretty sure altcoins will stay for a while. A lot of companies and corporations are trying to gain some market share from this and I don't think all of them are useless. You don't even need Bitcoin to crush those shitty altcoins since coins like Ethereum, Monero, etc are definitely going to outlive them. I expect there will be more cases like FTX, Celcius, etc in the future. The market will continue to filter shitty companies that promise 20% annual return as the only way to keep their business afloat. It's like what mk said, most of the altcoins are moving to their own category and do not compete directly with BTC.

We got a nice cycle if you take a look at the past. A bull market comes, lots of companies get mainstream, and shortly after that they go bust after the bear market starts, some revive with another name, etc. You will be surprised to see that a lot of users are holding BTC for years, and the number of 1 BTC holders is increasing every year. BTC will definitely stay, while scam/shit tokens will die sooner or later.

Does the term “crap altcoins” refer to everything but Bitcoin?  Or does it refer the, let’s say, “poorly designed and implemented alt coins?”
 
If the latter, then we all need to reminder ourselves that for every good creation there will always be those who create a cheap knock-off and try to cheat others of their money/resources.

If the former, that’s a problem, maybe even bigger.  No single currency like Bitcoin can ever serve the entire U.S.  Much less the world.  There is about $45 billion in currency in the U.S. as of 2019,  per the response for a google search.  But the GDP is about $23 trillion, about $23 thousand times a billion.  If we used only U.S. dollars, each one would have to be spend over 500 times each year.  (its much more complicated than this, but I think the point is valid.)  I just visited coinmarketcap.com and added the billions column for the top 10 coins.  It is about $707 billion with bitcoin taking the lion’s share at $327.  These are world based currencies, not just U.S. 

Another google search for Visa transaction is 24,000 per second with Mastercard at 5,000 per second.  The Tether coin has a 24 hours transaction of $65 billion compare to Bitcoin of $19 billion.  Those transaction levels simply cannot be attained with a Bitcoin type of foundation, a single thread that tracks every single transaction.

So, I say, let's be wary of, and maybe even have a watch list of the “crap altcoins” but let's not be arrogant about Bitcoin.

To begin with, bitcoin was not created to destroy crap altcoins, but for completely different purposes. For trading operations between people (p2p), in short. Just don't need to destroy altcoins. It themselves will simply die off gradually. Especially after such a cleansing of the crypto market, which is happening now.

The staggering early dividend period is over, but bitcoin is still capable and continues to deliver very good returns. Look at all the previous bull runs and you will see how much btc has risen in price.

What are my views on the future of bitcoin? Only positive, otherwise I wouldn't be here.

What do you mean by "stable period"? The Bitcoin price will remain volatile forever. What if another massive bull run happens in 2025 and the price hits 100K? The people, who bought at 15K will earn some massive "dividends".
Anyway, altcoins/shitcoins will continue to exist as long as there are people, who have the "shiny object" syndrome and are chasing "the next big thing". 99% of the current altcoins are already dead shitcoins and there's no need for BTC to destroy them.
The whole purpose of 99% of all altcoins isn't to dethrone Bitcoin or become better than Bitcoin. The whole purpose is the altcoin developers and the pump & dump traders to make some easy money out of the "shiny object" chasers.

Permit me to correct this first that the only decentralized digital currency is bitcoin alone, others are centralized and when you're talking about currency it self as an acceptable means for payment we recognized only bitcoin here since others are but a bunch of shitcoins inclusive.


This is only when you're greedy enough to let them get you fooled to investing again with their coins or projects, mind you this does not only get applicable to them alone but on every other altcoins that have come out after the introduction of bitcoin to the world because they are all plagiarize of the first and approved digital currency before they began with the creation of their own version.


Are you saying this because some of this exchanges were exposed and their coins turning shitcoin? there's nothing sanitizting them because they continue to increase with numbers both the centralized coins and exchanges but i think the recent scam should taught alot some lessons to stop and without their bitcoin from them.

Bitcoin and altcoins belong to same category as a cryptocurrency but while bitcoin is 100% decentralized only a few altcoins are 100% decentralized. We majority of others are highly centralized. and to make one point very clear, when we are discussing any topic that has to do with the comparison between Bitcoin Vs Altcoins, we should always have it at the back of our mind that Bitcoin is the major dominant cryptocurremcy in the industry but we still have some other coins/tokens in different forms and on different chains. The rise of altcoin on the ethereum blockchain gave rise to so many projects while some are successful as utility projects providing services where Bitcoin may have limitations, but also the majority of other altcoins are just total scams that have given the entire cryptocurrency market a bad name.

Encryption must have altcoins to become an industry. Only when it becomes an industry can BTC be pushed to the highest position,But now, Bitcoin wants to become a more influential consensus, and it is rushing to the highest position again and again in the constant altcoin vat. During this period, countless altcoins are needed as a springboard.

I would have loved it if the OP could expatriate on the significant impact of the global economic order that Bitcoin has put in place. Is it negative or positive? Because according to my knowledge and experience of the economy, Bitcoin has just eased the payment system, nothing more progressive on the part of the global economy.

Also, Bitcoin has not been completely adopted as we see, which makes me know that more would happen in the future on the positive side. This is regardless of whether Bitcoin is stable or not, it's about how the world would need it more due to its enormous advantages. And of course, altcoins will help with this, and more altcoins that would be more regulated and dependable might be developed soonest whether we like it or not.

This indicates that Bitcoin is not the point but the blockchain technology itself, and it would be advanced upon for better exploration.

No. Bitcoin is not meant to destroy Altcoin because they are meant to coexist to each other. Bitcoin still can’t handle scalability issue if all the altcoin will be removed since Bitcoin blockchain TPS is slow compared to other blockchain. There’s still a food effect on the existence of crypto in general because its being used in different crypto industries which Bitcoin will be hard to use.

Having a multiple Blockchain is a blessings in crypto so that we are not all relying on one network in case it was being attacked. And also there’s always crap company even on on real business world. No one can control anyone that wants to build a shit or scam project because crypto market is still not regulated on most of the country in the world.

Bitcoin, as a cryptocurrency, has very big ambitions. 

Bitcoin aims to become a universal decentralized protocol for the transfer of value in the virtual space.  At the same time, it is very important for developers and users that the first cryptocurrency be very reliable and easy to use. 

This leads to a conservative approach in the field of software development.  Only the most necessary changes are made to the Bitcoin code.  Bitcoin is not an area for experimentation - Bitcoin is a reliable financial instrument. 

As for the numerous altcoins, they can be considered as an experimental laboratory for testing all innovations, the best of which will subsequently be introduced into the Bitcoin network.

Bitcoin can't destroy crap shitcoins since Bitcoin isn't centralized like government where they're ban every crypto and want to release their own CBDC, this force everyone only choose CBDC and can't choose other coins. Bitcoin doesn't make the other coins will become dead coin, but Bitcoin just show how good this coin and how trusted it is. It depends on the user want to choose which coin, but in the end everyone will choose Bitcoin since they're already enough with shitcoins.

As of today, because of the market situation, they are falling and none of them are recovering from the bloody market situation these days. More likely they will gonna stop their development and will focus on other projects. It's really hard for them to recover because people are in doubt about their coins will gonna raise their price in the future because only bitcoins have the guarantee to be like it and these altcoins don't have any pasts histories where they gonna recover their past high price after the bad situations of the crypto market except a few of them.

To destroy people's beliefs about altcoins, yes. Has bitcoin done anything? Nope, they did it themselves.
I think crap altcoins are just created with a more complicated conceptual idea than bitcoin. They forced themselves to be decentralized, while to make them grow in value they needed centralized management.

Many altcoins will eventually die all because they are losing the market they are targetting and once that can happen it will only take some time before they can be forgotten in the annals of cryptocurrency history. And am sure it will not be Bitcoin that killed them but the market itself...why would you continue trusting to many platforms that got many flaws and at the end will be the reason people lost money? One thing for sure, in this market people are not stupid and they will not anymore be conned by a fraud like Sam Bankman Fried.

It's certainly possible. Bitcoin has a lot of advantages over altcoins - it's more widely accepted, it has a more robust infrastructure, and it has a larger user base. So if Bitcoin continues to grow in popularity, it's likely to take market share away from altcoins.

That said, there's always the possibility that an altcoin could overtake Bitcoin. So far, no altcoin has been able to do that, but it's definitely possible. So anyone investing in Bitcoin should also invest in some good altcoins as well, just in case one of them does overtake Bitcoin someday.

Bitcoin does not need to destroy altcoins because it is useless. Altcoins that are not potential will perish by themselves and because of the selection of coins made by the market. As investors and traders, we must be smart in choosing coins we will make as investments and not choose coins randomly. Besides that, we have gained a lot of experience in analyzing previous coins where. Some coins survived the bear market until the bull market reappeared and some could not survive the bear market.

Even though I didn't vote for the crystal ball, I can say that the future for bitcoin will be even brighter and this is what keeps me trying to collect more bitcoins. I don't want to miss having a lot of bitcoins because, in the future, bitcoins will become more valuable.

People will always look for ways to profit in an easy way, and there is no doubt that the world of cryptocurrencies has provided great opportunities for all those who know how to use it. I am primarily referring to those who create crypto projects without purpose or meaning, but have enough imagination and money to promote them in such a way that they become attractive to the public.

Unless there is some globally strict regulation that would make it impossible for CEX to list such projects and if there is no sufficiently simple alternative, I don't see how they will stop being a relevant part of what we call the cryptocurrency market.

It is completely wrong to think that Bitcoin should or can destroy something or someone, as well as that people are becoming more aware of what is good or bad - because regardless of all the scandals that happened in the past months, everything will be quickly forgotten and it won't be too difficult to sell some new story that millions of naive people will accept again.

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I would not agree with this statement of yours, because regardless of the fact that the marketcap is not perhaps the best way to present the value of the total BTC on the market, only slightly more than $300 billion compared to some other markets is a drop in the ocean that does not mean too much, let alone that has a huge impact on the "global economic order".

I truly belive in this! But bitcoin doesn't have to destroy anything to be honest! It's just about time, the shitcoins are usually rejected by the market and no one really cares about it! That's the usual dynamics of the market. Bitcoin doesn't have to do anything here!

The entire crypto market is at a very nescent stage where we are acquiring new users every single hour. Not all of them are educated about cryptos. As the time goes, as they gather more experiences, they start to understand which is what! That's when they choose their investments wisely. It's normal rules of the market which will happen with time.

You should back up your arguments with facts. Bitcoin has always been for the people, and I can show you 5 links if you wish that show how bitcoin has protected many people from government repression. If bitcoin can restore lost freedom for people, what else can it not do? I didn't even mention inflation in previous years. If you had held a dollar worth $100 since 2020, the value of the fiat should have decreased, but despite the bitcoin fall, you would still be able to purchase anything worthwhile with that $100 worth of bitcoin, provided you acquired it in that year.

The growth of bitcoin is still far from over, and while I acknowledge that some corrupt centralised organization greed has hindered bitcoin development, it is also a good thing that they are exposed because it will improve the system's hygiene and transparency, which has been the foundation of satoshi and so shall it continue to remain.

Crap coin or shitcoin would always be destroyed Bitcoin doesn't even need to be involved.
Most of the Shitcoins would always be dump and would be forgotten after investor's claim their profit from it.
We have seen it so many times and I believe that we would see more of it in the future.

Bitcoin doesn't really have to do anything to destroy junk altcoins. They will destroy themselves when they are unable to compete with other altcoins. Thousands of altcoins have continued to appear but only a few have survived to date, as Bitcoin continues to hit new ATHs.

It's still early days and bitcoin still has a long way to go. Bitcoin alone will be mined in 2140 and of course, those of us who are currently commenting will not be there at that time to witness bitcoin being mined. Governments hinder the development of bitcoin because they want to regulate bitcoin even though they can't complete. some countries apply taxes to bitcoin users and provide strict regulations.

The answer is just very clear, Bitcoin is quite different from altcoins and they will operating independently, but the ones that could be destroyed by the existence of Bitcoin are those coins without utility, basically the next bull run is going to be the utility tokens bull run, they are the tokens to survive. Therefore some altcoins will be there with Bitcoin.

Still doubt that Bitcoin's purpose is to 'destroy' altcoins in the first place. For sure Bitcoin has dominance over other cryptocurrencies but that just it. Even on bullish market trend, not only Bitcoin is having a market price increase but most of the 'tokens' in this industry. Just base on investors. They are not investing only to Bitcoin but also to altcoins and that's just maximizing investment diversification and there's nothing wrong with that as long as you'd be able to pick the right ones. Also, tokens without utilities still has demand such as memecoins even if there are no consistency with the demand. So yes, coexistence would be more likely to happen in the future.

There will always be trader interest in buying and investing in altcoin, not just bitcoin. I'm not going to be mad when someone believes altcoin can bring them profit, but they shouldn't ignore bitcoin.

Bitcoin is an asset that has more uses than most altcoin. Bitcoin is a currency, an asset store of value, an investment and trading asset, and that's the point that makes bitcoin great compared to altcoin. While altcoin support bitcoin's presence in the market, they are useful to the industry so that people have a choice.

The inherent strenth of Bitcoin is its decentralization which no alt coin( even Ethereum ) can match & I think market will wipe out all weak projects (those have weak or no use case, excessive token supply, extremely centralized and unreliable security system) , Bitcoin doesn't need to do any thing to kill them. The native tokens of exchanges are more vulnerable to collapse  because they are heavily centralized and excessively printed. We have recently witnessed FTX and LUNA collapsing within days and causing huge crisis in crypto industry.

The current situation is great for Bitcoin because it's showing people what the weak links are. Those who were greedy and put their money in exchange tokens or fake stable coins are not down 70% like those who bought bitcoin at the top but 100% and worst thing in all that is their coins have no chance of coming back. There will never be an FTT bull market again. If you bought shitcoins you're out of the game forever.

I expect some of the altcoin market cap to return to bitcoin in the coming years and that bitcoin will have another bull run when we get closer to the halving, pretty much what happened in 2019 when bitcoin finally left behind the 5k area and moved to 10k. We're in depression levels at this point and should recover back to the fair valuation of 20k in the coming months.

Bitcoin is not to destroy altcoin, regardless of the type of altcoin. I would never think bitcoin is a competitor to altcoin, but instead thousands of altcoin are currently trying to be the best bitcoin competitor in the market or in real life. I agree with the assumption that bitcoin is an independent crypto asset that will never depend on any altcoin, but its price will be very sensitive when the industry is hit by an altcoin disaster or a failed centralization project.

So I don't agree that bitcoin will destroy altcoins, but the real thing about altcoins is that they self-destruct due to a lack of investor interest in owning them. The facts show that there are many altcoin that have failed and are at the bottom of the list, but bitcoin is still the king of cryptocurrencies.

They will destroy themselves. When I rank the industry by market cap it blows my mind to see how many shit coins have a few billion.

Welp, they way I see it it will come to light that all but a few are junk (token pet rocks) and the money will need to go somewhere, hopefully into bitcoin.

I honestly can't fathom in this market (scared money) that anything shitcoin will go "to the moon" or remotely even close. I think that people haven't gotten the memo yet.

The dividend you are referring is it those first buyers? The early times is different now but dividend is still there with bitcoin. The investors still are having there profit with bitcoin. There is different ways you can have the dividend, you can trade if you have the skill. You have some hodling strategy of buying when price is down and you hodl for long. The dividend of bitcoin you will see again in the bull rally. Bitcoin is still mine so dividend is not ending.

There are indeed ones who do really loves to consider on buying out alternative and would tend to touch up themselves on buying altcoins which is cheaper and which is also something new which they are really that

thinking that they could get up thousands of folds when it comes to potential profits.Alternative coins apart or aside from Bitcoin would normally exist considering that there would be developers would be trying out

their best on making something which is more better than with Bitcoin.We've seen that they do get some significant recognition and investment which does prove
out that there's really a market for this.Its up to someone whether they would be having consideration on investing or would purely be just be focusing with Bitcoin.
It existence wasnt really intended for destroying altcoins yet we know on which coin had been mainly support by this community.So its up to someones
choice whether he would opt in or would skip out.

The purpose of BTCitcoin was to have a single digital currency and not these crap coins paradise where everyone speculates even the shit coins everyone is creating. So the basic purpose was diluted from the beginning and blown out of proportions after ETH was launched. The amount of money that would be in BTCitcoin was basically diverted to the N number of scam projects and if BTCitcoin could have destroyed all these crap coins, it should have already, but it was not the case  ;).

There used to be a time in 2017 when it seemed that Bitcoin might actually become overpowered by altcoins. Not that it will stop being #1 but that its market share will drop significantly. The during the bear market, the situation changed and Bitcoin regained its strong dominance, only to lose it eventually later. While Bitcoin is far from being half of the market share (sitting at 37%), it's still holding firmly against the rest of the coins. However, it doesn't mean that they are completely dying off or not attracting attention. I don't think altcoins will be destroyed by Bitcoin. I think they'll have much smaller shares of the crypto market individually (excluding Ethereum), but Bitcoin won't be worth even half of the crypto market.

It could but it has no business wrecking other's opportunities. It's already big on its own and is in a competition with itself, so there's no point actually breaking shitcoins if that's what you mean. I understand Tim Draper's sentiments but for an industry that thrives in original copycats, it's going to be very hard for bitcoin to monopolize the competition especially when you consider the fact that these altcoins offer more and more utilities with every iteration while on the other hand bitcoin remains, well bitcoin. 

The main problem is that most of the time we see altcoins getting that money from bitcoin and that causes the stress. When people realize that bitcoin went up way too much for a period, they stop investing into it knowing that they can't make too much more profit from it, and then invest into alts because they can make a lot more profit there.

I have seen people make as much as 1000x profit on some alts, not common of course but I have seen it happen, not gonna see that on bitcoin. But at the same time I have seen x100 more people lose all their money on alts, and never gonna see that happen at bitcoin. If people are aware of the risks, then it's fine, but gotta be ready to take that risk.

I wish it was so easy to say they destroy themselves, but in my personal opinion that is only true for projects with actual good intentions but disastrous execution and case use.

In the case of blatant scam coins they do not actually die, the plan all along is to hype, sell and pull the rug; then move to create another project and do the same.
There could be 20 coins out there which ended up flat-lined, but the same pseudo-anonymous team is behind all of them, giving the false impression there a lot of shitcoins dying, when in reality is the same people scamming several times.

This is what actually been going on since the first time an altcoin was created. It was a means to get bitcoin right from the start for the majority. Many of the guys who got in late got in with altcoins. This is what I have done ever since I started with Bitcoin. When I got in, Bitcoin mining was already done with ASICS, so I have mined a lot of altcoins and once I had them, I would immediately exchange them for Bitcoin and increase my Hodlings.

I strongly disagree with this very statement of yours, as we all know Bitcoin was never created to be stable, and can never be irrespective of the huge effects on the market, as there is nothing new which Bitcoin hasn't gone through before came out successfully consecutive. But in as much as we are facing bear market now, it's never permanent, as it is an opportunity to acquire more Bitcoin if you can, as bull run is for sure for only those who could afford to hold it for long.

Yes it can and it will. Most people who were in the crypto space were mislead that bitcoin wasn't going to grow, that all the profit is in altcoins, that you shouldn't put all eggs in one basket and so on.
This year they're finally realizing this was all a lie to make them spread their funds. To make them think that if bitcoin does well the whole market will and to make them feel like they can achieve passive income by holding shitcoins and staking them.

Check all those stackable shitcoins like Cardano. If you started staking it last year how much did you make? If Cardano was really staying stable and you had 1k USD in it you'd be making like $3 a month or something but it's going down which means you're making less than that and your total investment value is decreasing so you're making negative profit. If next year Cardano somehow goes 2x you'll still be at a loss. That's how bad shitcoins are, especially the PoS based ones and Cardano isn't even a bad coin. It's just bad compared to bitcoin.

If a brand turns a blind eye to imitators? Is it disrespect for yourself. Bitcoin is the first application of encrypted digital currency. While we don't see any of Bitcoin in action, it operates automatically. His benign development is the greatest education and guidance for people.

I agree with your opinion that Bitcoin has never been stable since it was launched back in 2009 but I think it will be stable when it will be adapted by masses & its marketcap will reach to reasonable level (around 10 trillion) then it won't be easy for whales to manipulate the market and create FUD or FOMO.

As far as alts coins are concerned, the good ones will survive, and bad ones will be killed by the market.

Bitcoin attracts investors because of its volatility if bitcoin becomes as stable as gold, then I think bitcoin will lose its appeal, I don't expect that to happen. We don't like gold simply because investing in bitcoin is more profitable than gold, not the technology that bitcoin offers, so if bitcoin is no longer volatile, I wonder if people will stay with bitcoin or will find something alternative.
But you are correct in saying that when bitcoin's market cap becomes as large as gold, it is more likely that bitcoin will cease to be manipulated and become more stable.

They won't, both coins has different market target. Bitcoin is a currency so its focus should be trying to achieve that status while leaving the altcoins to achieve what ever their aims are provided its pure and doesn't destroy the industry. We have altcoins trying to achieve different aims that bitcoin isn't focus on like Ethereum been used as a smart contract and some other projects wanting to achieve the stablecoin status.

What will be the benefits of Bitcoin destroying altcoins, this industry has grown this far because of the contribution of both coins. We have investors coming into the industry solely because of altcoins investment as we do to Bitcoin so both does compliment each other.

As some say: “There is good in every bad thing.”
I see that there is a lot of good in the bad events that have occurred in the market in the recent period, and that these bad events will have a huge positive effect on the market in the long run by cleaning up all this rubbish.
It is true that what happened left a huge negative impact at the beginning, which led to a loss of confidence for many people in Crypto, but on the other hand, we see that people’s confidence in Bitcoin has become very great, and the popularity of Bitcoin has increased significantly during the last period.
People are finally realizing their mistake by risking their money on centralized exchanges or investing in altcoins.
Let's let the market clean itself up and soon we'll see the positive effects of painful events.

Ops you have mixed up a lot of terms in the process of you trying to make a point one of the term you missed used a lot is encryption /encrypts this term mean that the object is end to end and that is talking about security and privacy.

It doesn't really have any place in the industry market volume or operational manner as regard to Bitcoin /cryptocurrency adoption, usage, and dominance.

Bitcoin has a role as the primary cryptocurrency but Bitcoin is not fighting to kill any other coin and bitcoin is not a replacement for fiat currency but Bitcoin performs the role of an alternative digital currency that is decentralized and void of third parties entanglement.

OP, the goal of Bitcoin is not to crush the Alt coins, but rather to learn from them and then to apply improvements to it's own code. Satoshi anticipated that the Bitcoin "protocol" would be copied and he had no problem with that, because he knew his protocol would stand the test of time, if competitors tried to dethrone it as the King of tokens.

The Bitcoin protocol is a piece of code, so if some Alt coin come up with a better function... Bitcoin can cannibalize that and it can be coded into the Bitcoin  protocol. (Alt coins can copy the Bitcoin code and Bitcoin can copy their code.... but will the majority of the Full node run that code..... now that is the question)  ::)

Also, Bitcoin's main strengths are it's huge merchant network that accept Bitcoin and also the massive amount of hashing power that are backing it for security against attacks.  ;)

Besides the cleanup we are witnessing is only happening due to the bear market still going strong, once a new bull market appears then all of those people which supposedly were looking for a strong and decentralized coin will begin to invest in all kind of absurd projects once again.

So we must simply accept that altcoins will still be part of this market, as more than anything people invest in them to speculate and to try to earn more money than by simply holding or trading bitcoin, and as long as there are a few winners which can showcase the profits they got by investing in those coins then that will be enough to keep generating interest in the altcoin market.

There is absolutely no need for Bitcoin to destroy the altcoins. Altcoins are altcoins and Bitcoin is Bitcoin. Lets not compare apples to bananas here.

Bitcoin has been the king of "crypto" ever since day one and that has not changed, throughout all these years. You should view Bitcoin as something which is separate from Altcoins. Each of them is different in their nature. It would be better to not even compare the two.

But also, lets not call all crypto a scam. DeFi is quite useful, as long as you know what you are doing and avoid the known traps.

It seems to me that you don't quite understand what you are writing about! Alternative tokens are one of the engines of cryptocurrencies, including bitcoin! It seems to me that Bitcoin and Ethereum are like two connecting links, and I think it's not quite right to separate them!! Bitcoin and the platform Ethereum together are of great importance for the crypto industry!!

Bitcoin and alts can co-exist with each other. They are catering different purposes just like we need ETH network for smart contracts.
There are several valuable alts that we need other than bitcoin. Just make sure you are choosing a valuable one and not just a pump and dump coin.
Thousands of alts have been created, but we are seeing that only few of them are in the top serving the crypto community.
And there's no need for bitcoin to destroy those crap alts, they die on their own if they don't have actual use case in the market.

Not only on Eth but also in other top altcoins which does have their own blockchains as well and their utility which we could really generalize that they arent totally shit after all.

I agree that we do really want to have a single or a couple of crypto in the market but creating out something out of those top coins is every developers dream
because they do know that they could get tons and millions of dollars in profit or revenue if ever it would succeed out.

There's no need for some destroying or not because shit projects would naturally die on their own specially if there would be no demand.

We are really in the period where investors are smarter these days.

But, as an upgrade to them, there will be the new ones that will be the next potential investors of random hyped altcoins in the market.

There could be the reduction but for those people that might choose random shitcoins, we cannot have a control on them.

Trash altcoins will self-destruct, especially after they, the developers, and their team have made a lot of money, and they will be destroyed very quickly. Because developers won't develop those shit altcoins, and choose to leave them after earning money. This is what has often happened. And the result is that investors (especially new investors) end up losing their money holding these shit altcoins. Bitcoin itself has always been a market determinant. Bitcoin is capable of destroying those trash altcoins, of course, no one can beat it. Imagine, when Bitcoin gets FUD and eventually crashes, most of the altcoins will also crash.

The only thing that will stop shitcoins from stealing people’s money is education. Too many people think that all coins (and stocks for that matter) have the same number of outstanding coins (or shares). This is the most common tactic to fleece those lacking financial education. Too many people judge whether a coin is cheap or expensive by its price instead of market cap. This is mostly a failure of our education system and a get rich quick mentality by the younger generations.

Education will be a long process that will take time. But I very much support this point of view, but in the face of greedy and ignorant people, there is too much helplessness in it. The heart and mentality are the hardest to change. On the other hand, no matter what the situation is, there are two sides, which is a natural law. Those with high awareness will naturally distinguish whether it is a high-quality project. So fools who lose themselves in order to make money must also exist.

people are now starting to give up on investing in altcoins, because they have suffered big losses. and I also have investment experience in altcoins and I experienced losses. and I think there must be more people who are at a disadvantage because of investing in altcoins. and I believe the aftermath of the collapse of ftx. will make people realize that bitcoins are worth investing in.
so I'm sure bitcoin will be people's choice and there will definitely be many people who leave lousy altcoins.

I agree.
Actually, I have seen some articles or pieces of information around the internet discussing how people should not buy Bitcoin because its price is "too high" and according to that logic they start to chill or sell to people whatever altcoin they want to chill. Basically, trying to convince others that is too late for them to join the Bitcoin party.

As if people were not aware that percentage of return is what matters and not price of entry.

bitcoin and altcoins can be said to be friends.
or it can be called altcoin is a companion to bitcoin. everyone also knows that the safest investment is in bitcoin. but not a few people who invest in both. because if you invest in altcoins, the profits are usually greater than investing in bitcoin. but the risk is very high. so I think altcoins are here to stay and live. but I think it's definitely the high-quality altcoins that will stick around
like, ethereum, bnb, xrp, there's cardano. and I'm sure now many people will be interested in investing in these altcoins.

Education can only be a small part of stopping people from investing in shitcoins, as everything comes from greed, and greed cannot be stopped by education. Sometimes greed comes from the environment as well as the circumstances of each person.

I know many investors who have been in the market for a long time and understand how risky shitcoins are but they never stop investing in shitcoins simply because they like to take risks to earn higher returns. Shitcoins don't steal people's money, they chose that risky path out of greed.

Bitcoin is not trying to destroy altcoins, they can coexist and give different benefits to investors.
Some altcoins eventually die on their own. Some coins are not strong enough to survive a bear market. And Bitcoin can persist until the bull market comes. It is still in the early stages of encryption, and the future of Bitcoin is more potential and powerful.

Stricter regulations are definitely coming, and for many shitcoins that were created and minted out of thin air, that will signal the end for them. Not all altcoins will be affected and some will adapt and survive. Others will (rightfully so) be destroyed. I don't see a good future for the stablecoins market either. But bitcoin is decentralized and will be able to cope with whatever is thrown its way, unless its underlying security and mining operation gets attacked.

So, Bitcoin won't destroy altcoins. Regulation, well-informed investors, and no reason for existence are some of the things that will end many alts.

I mean bitcoin is still the number one cryptocurrency of all, and no altcoins could dethrone bitcoin at its place in the past years. Bitcoin is the first cryptocurrency and it's not really trying to destroy anything like any crap altcoins in the market, maybe altcoins are trying to destroy bitcoin since they are all copied and trying to imitate or make a better cryptocurrency than bitcoin.

For a long time, all of these altcoins and projects are just some sort of scheme or pyramid thing where it would just end up where the project will be bankrupt then the money will be stolen. But at the same time even though projects end up like this investors still risk their investment since cryptocurrency is a volatile asset and some projects could easily earn a big amount of money.

People will still invest on cryptocurrency since its an easy entry to multiply your investment even though its a big risk, for now the bear market could continue for years but bitcoin could easily gain momentum and that could easily skyrocket the price soon.

Once btc grows for more in terms of price then it will surely became more popular. People that supposed to go for altcoins are going to be lured in btc but we should keep in mind that some altcoins still has their own use cases and this is something that btc can't follow therefore they still can get a demand but no, there's no way that an altcoin can overtake bitcoin. They are still too small compared to it and if that is possible then it already happened long time ago.

There's no need for the btc to destroy the crap altcoins but they can just self destruct once they already get what they want from the public. If ever they fail, the same thing can still happen.

Only Bitcoin is 100% secure because there is no news of a security bridge, and it is the forerunner of all cryptocurrency coins known as Altcoins.
Many altcoins have been exposed as there have been issues with some team failures and exchange hacks, which always result in the coin's death. The FTX and Luna issues have kept the crypto market down for a long time; if Bitcoin can survive the market and maintain market control, it can devastate Altcoins, as they can only rise if Bitcoin rises.

Well yes, if you actually read my post you would notice that is exactly my point. So them serving different purposes, although they are based on roughly the same technological concept of blockchain, is the main reason why comparing Bitcoins with altcoins has absolutely not point whatsoever.

In fact, I even mentioned in my previous post that DeFi is a very promising area of altcoins. So obviously I am not against all altcoins. But Bitcoin is Bitcoin and altcoins are altcoins (crypto). Meaning that no single altcoin will be able to overcome Bitcoin as #1. Because they are two different things.

The difference is huge. Bitcoin does not need hype, Bitcoin does not need human manipulation, and Bitcoin does not need to deliberately deceive people. Then, most of the air coins, garbage coins, pyramid scheme coins, and counterfeit coins on the market are counterfeiters. The purpose is very simple, to cheat your money. What they care about is which sector of decentralized applications is hot, but in fact there are no application scenarios at all. The project party gives you a huge return as bait, and then quickly turns your assets into 0.

Bitcoin isn't going to destroy junk coins. Bitcoin is widely accepted by many users and has stronger technical support and user base.
Although there are more and more altcoins in the crypto market, the altcoins without potential will die on their own, and Bitcoin does not even need to participate.

Bitcoin’s price action also affects a subset of altcoins. Altcoins were born because of Bitcoin.

No, Bitcoin cannot destroy altcoins. Altcoins are alternative cryptocurrencies to Bitcoin, and their existence is independent of Bitcoin. While the success or failure of a particular altcoin may be influenced by market factors and investor sentiment, it cannot be destroyed by Bitcoin.

It is hardly possible to agree with the statement that altcoins will destroy themselves. Yes, they appear en masse and disappear en masse, but anyway, they survive and the strongest remain on the market and thus develop, and also supplement the cryptocurrency with many useful properties. We also see that over the years there are more and more of them and today there are already 22,032 of them.
At the same time, bitcoin is not able to influence altcoins in any way. They coexist with them, and only the participants in this market, by implementing the principle of supply and demand, decide which of them is worthy of staying on.

Bitcoin is tolerant, allowing multiple digital currencies to coexist. Blockchain technology started from Satoshi Nakamoto's white paper, and Bitcoin was the first application of this technology. Other so-called digital currencies are imitators of Bitcoin. Of course, the price trend is based on Bitcoin.

It takes losing money on Altcoins for newcomers to understand that bitcoin is king.

Crap altcoins will continue to exist because someone out there will always buy and sell or use them. Bitcoin's only relation to these altcoins is that the purchase of the latter needs the former because fiat is not the trading pair for each or them.

No crypto can be literally "destroyed" it is more like being "abandoned" and nobody is using it anymore. While new ones will continue to flood the market I doubt their number will reduce anytime soon. Because of the "get-rich-quick" screaming appearance of most of these altcoins at the start, the new investors will always buy them instead of going for bitcoin.

My view on bitcoin is that it is always profitable if bought at the low price. No such thing as dividend period or stable period here. Been watching for several years now and I know that the cycles continue if you watch closely.

I think there is no way to compare the two. Although altcoins are risky, their profits are extremely high. It is not ruled out that there will be scams in them. There is no need to destroy them, and they will naturally be eliminated.

There are countless currencies in the market now, and updates and eliminations are very fast. Altcoins will not disappear completely, but will be replaced slowly, but there is no substitute for Bitcoin.

Going by your topic, I see no reason why bitcoin should be in competition with other altcoins. Come to talk of it, bitcoin is the first digital currency to emanate so why the comparison. Well like they say things of value attracts more clients. If the altcoins projects are the type of good oriented ventures, I think they can do well and stand the test of time for a longer period with no interference on their existence. It is only a project with no value that fades away so easily or a scammer using a fake project to scam people of their hard earned resources which is not right and good in anyways.
Bitcoin was initially designed by Satoshi Nakamoto as a currency for p2p transaction but people hijacked it and turned it into an investment hub creating the knowledge of it being good for investment against the initial plan for it. So now, the majority of people coming onboard sees it as a means of investment and profit making business and so it will continue not until that impression already created could be corrected,

The security of Bitcoin is 100%, and it is reliable as the father of cryptocurrency, but there is no guarantee for altcoins. There are problems with project parties running away or problems with exchanges, which makes many people entering the market Newbies lose a lot of money in it, which is one of the reasons why altcoins can’t compare to Bitcoin.

No one can destroy altcoins, even with bitcoin, and the demand for altcoins will never go away, as long as people enter the market for profit and get rich quickly then altcoins will still survive. The only thing that can hold back altcoins might be government regulations, but if there are such regulations, investors like us will be in trouble even if we invest in bitcoin. Many people expect altcoins to die because they are so full of scams and trash, but I don't want that because if it's only bitcoin, it can't be called a market.

Many people think that Bitcoin is not as profitable as altcoins, but altcoins depend on the status of Bitcoin, which is why I believe that Bitcoin can be used as a legal currency, while altcoins can only be risky investments.

The two don't necessarily have to survive one. Bitcoin has been No. 1 from the very beginning, and no one can shake it. The altcoin team will naturally destroy it if they make enough money. They don’t want us to do anything. Their purpose is just to make money.

Why the topic of legal currency is rising here mate? I mean who wants Bitcoins to be legalised? Nevertheless I can agree that Bitcoins movement are the main reason for which the altcoins move. I mean when Bitcoins crashes, whole market crashes and vice versa. Regarding crap altcoins, I completely agree that Bitcoins stand before them without any hesitation. According to me Bitcoins are safe investments. So if you don’t wanna take risk, then Bitcoins will be the best option.

There is no denying that bitcoin will always be ahead of altcoin, its reputation as a currency and investment asset is no doubt by most users but there are always risks involved. The fact is true, whatever your investment choice, you still have to be able to recognize the risks and be able to minimize them properly.

Bitcoin are safe if you store them in a non-custodial or hardware wallet. Both wallet offer better security, but bitcoin can never be safe from price volatility. The market will always fluctuate, so here you have to be smart enough to manage your investments and funds.

I invested in altcoin also I the CRAP altcoins? those must be dead completely because this is the roots of abuse from manipulations and scams , I still don't get the Idea why there are still others that tries to trust those when it did not even help the market at all?

I'm surprised that until now people still associate altcoins with Bitcoin, even though the two are very different and have different development methods. Altcoins are nothing more than speculation and more they come as Bitcoin imitators.

Bitcoin doesn't destroy altcoins, if you look at all the periods that run on Bitcoin, Bitcoin actually always has a positive impact on altcoins. Pump and dump periods that occur in Bitcoin on the market, actually bring altcoins to increase, even though this scheme doesn't always work the same. Bitcoin Correlation Destroying Altcoins make absolutely no sense, but because they couldn't survive bad market conditions, most of these coins started to disappear and eventually died.

How do you know it's not helping the market? is it not useful for the market or you cannot profit from it and you hate it? Altcoins are manipulated? but not bitcoin? this whole market is like a money game. Where the winners take the losers' money, and the greedy pay the price for their greed.

Altcoins are no match for bitcoin but they're highly preferably to Bitcoin since they bring enough profits. We have countless Altcoins in the market but it's very necessary to always trade with the promising coins other than fall for big scams in the market. Bitcoin and altcoins both survive the bear and bull season, but it's the altcoins that are affected most in bear season, some even turn out failed projects in the bear season like Luna and FTX, these are examples of altcoins that failed. Bitcoin still remain top but it's continual dip is also having a bad worsen case on investors who had their investment in bitcoin.

I disagree, investors can destroy altcoins.  If they stop patronizing new releases of tokens and coins, if they divert their investment to Bitcoin and other stuff, if they pull out their money on the altcoin market, and if people stop supporting altcoins, it can destroy the altcoin market.  Altcoin market thrives because there is a continues to demand for it.  If the demand is stopped, no matter how continuously the market is supplied with projects and new altcoin, the market will become idle and eventually destroyed.


Government regulation can slow down the progress but it will not entirely hold back any altcoin market as long as the demand keeps flowing.  To be able to destroy a market, the demand should be eliminated first.

Bitcoin doesn't have anything to do with the crap altcoins. It is the people, who go in queue to get scammed looking for big profit. Initially people need to understand the reality of the market and how the altcoins are making progress. There are altcoins that serve good in the market as well as serve as a competent to push the growth of the entire market. Such altcoins can be considered and are required ones in the market.

obviously all altcoins are not crap and not all the altcoins are scam. Some altcoins are genuine and according to you,  they are helping to push the adoption of the cryptocurrency industry. The people that are easily attracted to altcoins are the set of people that want higher return of investment within a short period of time. And funny enough many of them do not know that they are gambling but a few who knows that it is gambling always take profits at any slight increase in price but those who do not know how alcoins are manipulated keep their coins for long in the projects and in the end they are complaining that they are scammed. I am an advocate of live and let's live.  Bitcoin is the King and he should exist as the king and there should be genuine altcoins also.

That is what actually happened, that altcoins are not a match for Bitcoin and as previously stated that Bitcoin does not destroy altcoins, but rather Altcoins are unable to maintain value in the market so they just die and disappear in the market.

The current altcoin period can be calculated at a level that is not strong, meaning that participation in it is still quite speculative and does not provide guarantees, although at certain periods some people follow altcoins for use in the near future. Bitcoin is better able to retain value and is a promising investment asset. Therefore, Bitcoin is more reliable than altcoins.

Bitcoin is the only option, and many people are saying, you must hold it for the long term. But this time last year, the price of bitcoin was $64,000, now? It is really a tormenting process. Especially for those families whose lives are not very well-off, they join the encrypted world and invest in digital currency for the purpose of improving the quality of life, but the quality of life is often getting lower and lower.

if you read and understand my post clearly then you'll understand that I am only pointing to those Shit project/coins meaning why they are still being trusted when there are so many coins to choose from?
and the problem is? if they fail then they cried because of their greediness.

Bitcoin isn't going to destroy them. If it wasn't for Bitcoin altcoins wouldn't be created. They'll be swapped in exchanges until they become purposeless.

Especially the hype of pump and dump coins that they are often used for scamming their victims because they know how to manipulate their minds luring them to some green scenery of its price for the past few days and when they see lots of people buying it, they will gonna execute their plans and hugely sold out their tokens and boom! the price will crash and won't gonna recover again like what has happened with the Squidgame token and others like it in the past.

What made you invest in altcoins before losing and realizing they were scams? That's profit, right?
Yes, altcoins will never go away as long as people's greed persists and they want to get rich quickly. But I wouldn't hate all altcoins like you, for you, altcoins are a scam because you cannot profit from them, but many people who make a profit from altcoins, they will not consider them a scam. Bitcoins are much better than altcoins, but if you understand altcoins, investing in them isn't too bad either.

I am a supporter of a theory, that Bitcoin does not destroy crap altcoins, not does any effect on them, but all those crap altcoins destroys themselves, or die itself, or have a very-very short life. Why even bother, if there is nothing behind those altcoins. Ideas isnt new or primitive. It looks that all those crap altcoins kill each other while fighting for a spot on the market. Like there is a Bitcoin that lives his own life, and there are all others that live, fight, appear and die somewhere in other place, despite everyone is being in the same crypto market.

There are many advantages in investing in bitcoin, besides being able to maintain value, bitcoin is also the best investment for the future, so many people choose and try to invest in it, bitcoin has a certain period of time that can provide large returns. This timeframe is the market condition in the highest quarter (bullish). There are many considerations that make people choose bitcoin, besides that there are also many facts that show the existence of bitcoin today.

While altcoins are more volatile and have many other drawbacks, the utility interest of the investors involved is also less strong, making them more easily lost in the market. Except for potential altcoins which are fundamental and able to survive when market conditions are in a severe correction.

That is sort of true. Bitcoin gives people an out from those dying ones, so it is playing just a bit of part but people would get out of them and would go into the fiat world if there wasn't bitcoin, only handful of people would stay with the dying altcoins if there was no bitcoin, and they wouldn't go to fiat. So that means all those shitcoins that die? They die because they are terrible and there is nothing that we could do to make it change in any way or shape.

That is why I believe that it is important to pick the right altcoins, if you do not know what you are doing then you are going to end up with one of them of your own and you are going to regret the day you didn't do your research well enough.

I do not fully agree that people who are caught in a dying altcoin will jump directly to Bitcoin.  Other altcoin holders often goes to another altcoin that has the potential to explode 10x to 100x in just a short period of time.  I think many investors don't have enough patience to wait for Bitcoin to rally so they tend to buy an altcoin that has potential to go up in price.

Although Bitcoin is proven to be the best option for long-term holding, many investors wants their money to keep on cycling and not just to become idle for many years.


True we should be more vigilant when dealing with altcoins.  We must keep ourselves updated because many altcoins tends to do a swap which renders old coins useless.

I want to ask you, if the altcoins you are holding are dying and you are not switching to bitcoin but want to move to other potential altcoins. So how can you find potential altcoins when your first choice has failed?  I believe that people who lose money investing in altcoins will switch to bitcoin immediately, because they won't want to lose any more money.

the only altcoin that can survive the current bear market and match bitcoin is ethereum. when the bitcoin price crashes ethereum is more likely to follow the movement of bitcoin. I even held ethereum since it was still under $200 and got a lot of profit and also held Bitcoin a few bitcoins at that time.
Bitcoin became the center of all altcoins and bitcoin was able to destroy all the trash altcoins that only take advantage of every moment to attract investors in and get trapped.

It is true that the only fundamental altcoin that has been able to survive a bear market is Ethereum. Ethereum's market cap is under bitcoin, currently ethereum is at 11.8% cap if my memory serves me correctly, this is in line with one of the potential altcoins that can survive a bear market. Ethereum uses the concept of smart contracts to run and Ethereum has also been renewed through a process called PoS.

Most altcoins follow the bitcoin moment and are more likely to follow the market reactions generated by bitcoin, which is why many altcoins lack fundamentals and cannot survive bear markets.

There will always be high-risk startups that receive VC funding and conduct initial coin offerings (ICOs). If colored bitcoins could be integrated natively, many networks like ethereum, bsc, etc. would be devastated, at the very least, by Bitcoin. Although Bitcoin does not guarantee privacy due to centralized exchanges, privacy coins would still be around and flourish.

perfect answer and this is why we also wanted to earn from those coins , admit it but almost everyone of us tried to invest or still investing in altcoin for a sole target and that is to earn easily while Holding our Bitcoin for long term plans right?
bitcoin will always be our first choice but we should diversify and that is to put at least some part of our investments in altcoins.

With the decline in the price of bitcoin today, of course, many old or new projects are difficult to survive if the project is not fully reliable in investing, Many junk coins are now starting to lose trading volume and they will be lost in every market, and this is indeed a way to clean up coins that are no longer useful and the market will be better at carrying out the transaction process without any problems with the garbage coins.

We need to determine our purpose in entering this market, if it is profit target, then we should not ignore altcoin, no need to discard it when it can also be profitable for us. Flexibility for our investments to get the best return, we can use altcoins money for short-term investments and if they are profitable, then convert part of the profit from that into bitcoin. We still invest in altcoins but remember that bitcoin is the ultimate goal to bring prosperity as well as wealth.

The questionable situation for altcoins is that if they are all tied to bitcoin then maybe we shouldn't expect them to make this much fuss about anything at all? I mean how could a coin be any good if it is all based on what bitcoin will do?

I am not just talking about price, of course price is the main discussion here, but if bitcoin can crash really hard and still survive, and the altcoin world has some alts in there which can't really go down and survive, then what's the point of them? I think if any coin could go down like bitcoin does and then recovers like bitcoin does then those coins are good, if they can't then they deserved to stay down.

The survival time of many altcoins does not exceed 24 hours. In many cases, you have no time to think and judge. You are already in the abyss, and there is no chance of rescue. This is the biggest risk for many speculators choosing altcoins.

The existence of new altcoins keeps reaching the market in different forms. From the beginning it have been getting into the market as ICO, defi, NFT and it continues. Bitcoin doesn't have anything to do with it. They get developed and comes to an end. Most of the altcoins, other than the top listed ones were used as a gamble.

Gambling is always exciting because of the high odds and high profits. In this case, many users or speculators don't care what the altcoin is? who? What is the economic model. What they care about is whether there is room for appreciation of 100 times, when is the best time for me to make a move, and everything else is irrelevant.

Why are you always trying to make an altcoin or tokens compete with bitcoin? It is assumed that without bitcoin there would be no altcoins, if altcoin wants them not to scratch bitcoin.

Bitcoin is a currency that has a lot for the future and more to offer for the policies of the economies in the world, why are they not. controlled by governments or by banks or by anyone, and that is what makes it so free and that people who want to have it can have it very easily, there is no other currency that can match it, if we start looking for more ways safe to trade, there aren't any or someone might come out saying they can do 100x when X coin goes up, there's always someone like that.

The altcoin that will die is the what kind that does not have a good potential but when it come have a good potential it does not effect it in that form so therefore what I'm trying to let you know if you are investing in altcoin try to look for altcoin that I have a very good potential because some of them we think or we suspect that we give off on the way and the one that will stand a rich market because of their potentials

Bitcoin have nothing to do with altcoins whatever good or bad ones because in the end it's for people to create and promote this coins, crypto is decentralized and people have the right and abilities to do whatever they want and it's for other users to believe and invest in their products or not

OP hasn't checked what's new. He began the topic asking questions but isn't concerned about reading replies so we're all wasting time.

Bitcoin and the crap altcoins shouldn't be compared, because both were entirely different. Bitcoin with its technology gained the value and the same slowly makes the progress out of the demand to the supply market. Majority of the altcoins doesn't have minimum viable product, they just try tokenise and gain revenue out of it. Nowadays to stay strong the altcoins need to cross several barriers. Very few altcoins does it, even few will fail from that list. So, altcoins gets destroyed itself and bitcoin doesn't do anything on it.

The irony is, bitcoin is the reason why altcoins are created today. Almost all of these alts are created for the sole reason of being an alternative to bitcoin. Litecoin for example, was created as the 'lighter' version of bitcoin, and since then a lot of alts have claimed to be something that complements bitcoin, if not intending to replace it. Bitcoin will always have the upper hand due to first mover advantage, but it doesn't necessarily mean that it could destroy competitions/alts. It has other use cases, and while alts are mostly used for pumps and dumps, you can't deny the fact that some of them are notable for packing in too much utility into one single coin and that's the beauty of having lots of alts.

Bitcoin destroys altcoins in every bear season, sometimes I even feel like, bear cycles only exist to get rid of shitcoins from the market.

After every bear, bulls arrive. This time is no different.