Bitcoin Forum

Hope you are all doing well.
We all know that Bitcoin is the most powerful cryptocurrency in the crypto Industry and every 4 years, it crosses the previous ATH. A few hours ago I read an article where the founder of Cardano says that the crypto industry does not need Bitcoin for survival. Further, they elaborate these arguments through an example that in the old times a window was needed for computers to run and now the mobile phone does not need a window and can do good work. (actually showing the shift from windows to mobiles)
The meaning of the example is that in the old times, Bitcoin was necessary for the industry but for now the industry is independent or maybe some want a better option but in my view, the survival of the crypto Industry without Bitcoin is not possible because Bitcoin is a very huge system and the miner and users make a strong base for the cryptocurrency security and stability. This is just one and I know more factors also show that without Bitcoin crypto industry does not survive.
Guys what you think share your taughts?
Source (https://finbold.com/cardano-founder-says-crypto-industry-doesnt-need-bitcoin-to-survive/?utm_source=CryptoNews&utm_medium=app)

https://www.talkimg.com/images/2023/12/10/EQaZ3.jpeg

Let people like him continue to say rubbish. Anything that will make bitcoin price to get to $100 would have collaped all other cryptocurrencies that are existing. The extinction of bitcoin literally means the absence of bitcoin. And that means the absence of bitcoin literally means the extinction of cryptocurrencies.

The creator of the project, which can be briefly called "soon", is not a rare authority for me. Cardano was promising for six years that "soon" it would provide a great product, reaching a capitalization of $90 billion at its peak. It's a pity that as soon as they delivered the product, it turned out that no one needed it, no one used it, they didn't build a user base for 2 years and the price dropped by 90%. The question to be asked is "will anyone in the industry notice that Cardano has disappeared?" Of course, apart from investors soaked in promises.

The cryptocurrency industry without BTC would leave us with so many altcoins that all have zero use cases, and what would that mean for the industry, surely a 'scam show'. It would be a cycle of, only those who can buy and sell at the right time would make profit and the rest would be scammed, nobody would be holding coins for the long term as people do with BTC, or spending it on goods and other services, it would be all speculation and it would not be long before 'everyone' either gives up or continue to lose their money to scammers.

Cardano Founder right? He is going to say just anything to make sure that people pay some attention to what he has created. If something affects bitcoins, no one is trust any other cryptocurrency in the market.

They may look like they are going to survive, but will all crumble in no time.

We shouldn't be taking the opinions of these people seriously. Their opinions don't matter in the grand scheme of things. This is exactly what I would guess an altcoin owner would say. I'm not surprised, not shocked, I'm not even angry. It's his view and even if I don't respect it, it's still his view.


He just shot himself in the foot.
The mobile phones and other innovations were more sophisticated and technically more advanced than the windows and they've been working hard to keep remaining at the top, but these altcoins have not done anything more unique than Bitcoin.
The fact that you can't see the creator of Bitcoin sitting down to give an interview should tell us all we need to know.

Bitcoin is the pioneer of the cryptocurrency industry which is now developing rapidly. Bitcoin doesn't have to be around forever and be the best in the industry when one or another comes with all the innovations that are better than bitcoin. In fact - bitcoin is the first cryptocurrency that comes with all the convenience and innovation, but its use case really depends on how society's needs evolve and public trust in it.

It's a risk when I make bitcoin the only investment asset or safe currency without the potential to lose public trust in the future. But as long as the government still supports it and they don't fight it with bad regulations - then I will keep using bitcoin as the main option.

Shameless developer, you developed a project to compete with bitcoin, but your project is falling far behind. Having the largest market share, it determines the bull market every four years after halving. I'm wondering what he means by that with bitcoin. He still jumps from one coin to another anonymously, he is also in fierce unnecessarily competitive fights with other coins, he has been complaining lately about Ripple coin, so there is no coin he cannot complain about.

Without bitcoin, the crypto industry will never be the same anymore. People will slowly getting rid of crypto investments because all are left are pump and dump altcoins that they can never trust for long term investments. Without bitcoin, the crypto industry will receive less demand  from its investors and users, thus leaving it struggling on how to survive for years and longer.

Bitcoin has a very crucial function in the crypto industry because it's called the lifeblood of the crypto market. Altcoins are just formed from the image of bitcoin. Without bitcoin, the people will slowly lost interest in the crypto industry, until no one gets to trust investing in the crypto market anymore.

Id say Bitcoin is still a big deal.  Folks say it is gone the way of Windows or flip phones - important once, now old news.  But thats bunk.  Windows still runs a crapload of computers and what it did back in the day shaped computing big time.  Same with Bitcoin - it put crypto on the map and  theres lots of hot new cryptos making waves, but Bitcoin laid the tracks they all ride on, right? 

Things keep evolving but you gotta respect the OG crypto that started it all.  Some folks are too quick to dismiss it just cause flashier options came along. 

I really do think the market is very mature now without Bitcoin, just imagine waking up tomorrow and there's no Bitcoin in the crypto market anymore, 50% of capital is gone and there are only shitcoins and some of the Altcoins bleeding hard, no reliability, the decentralization is not at all decentralized and DeFi narrative is dead. Some shiny ordinals flowing around and the institutional sector and retailers are no longer interested in the market because it's not mature at all now.

The entire liquidity cycle will get destroyed if we remove Bitcoin from this industry, I would even say that there will be no new capital because in crypto money starts flowing from Bitcoin to others because Bitcoin is the name of decentralization, reliability, trust, motivation, maturity and much more I can't write everything here.

From an investor's point of view, it's no longer a risk-investment market it will be another form of gambling industry where by luck you can gain some otherwise you'll lose all because in Alts maximum supply is controlled by the team, hehe you know what i mean to say rug-pulls etc etc.

This made me to flash back to a comic video that I watch where a woman said she doesn't like eating egg but she likes eating chicken..

What a madness, chicken comes from eggs and eggs are being made by chicken so why would someone love one and hate one. Comparing to Cardano CEO is saying he want to say that altcoin can operate independently without bitcoin being the accomplisher, which you and I knows that such isn't possible why basically bitcoin attracts more investors than any other altcoin out there before someone would get to know about any altcoin he must first be aware of bitcoin or having pre-knowledge of bitcoin before digging down to other altcoin in the cryptospac today.

Basically I myself do not agree to his statement because the 4 years cyclic period gives investor the hope to constantly stick tight to the market especially to remain active for profit maximization this same thing also attract investors to altcoin that causes altcoin gain much more popularities.

Someday the industry of cryptocurrencies may exist without Bitcoin, but not today. If Bitcoin just didn't exist anymore, we would see a massive withdrawn from crypto investors. There wouldn't be any heirs, neither Ethereum or Cardano. Actually, the fact it's someone associated to Cardano who is telling this already indicates the opinion is extremely biased. In his mind, it's interesting for him that BTC fails, so Cardano could theoretically rise, however, the reality is exactly the opposite: all these altcoins need Bitcoin to survive and thrive. He should be cheering for Bitcoin instead of talking about it being replaced, for his own good...

I don't know him but talking crap like that means he wants to be famous. Ignore these kind of trolls, they do everything to get attention. Not newsworthy.
Crypto industry doesn't need "Cardano" to survive. In fact, if Cardano gone today, majority of people don't even notice that it disappeared.

Of course he's right because he's an owner of another altcoin that people should buy so anything he'd say will be only beneficial for him but not for the other people. This makes me wanna tell my friends to just avoid ADA, LOL. But I am not going to do that, he talks gibberish and it's all for the clout because we're near to the bull run. In reality, if this is going to happen, he's talking nonsense as the entire crypto market will eventually die without Bitcoin to be honest. It's like talking about fiat currencies without gold reserves.

Never listen to what these altcoin bros are saying, their job is to sell their useless tokens to suckers, that's it. They will paint utopian pictures of the future where their shitcoin is used by billions and changes the world, but the reality is always the same - the shitcoin crashes to the ground, never recovers, gets abandoned by everyone while the bagholders lose big.

He is technically correct that if Bitcoin suddenly dies, the value of the "industry" won't immediately go to zero. It will "only" lose 90% of the valuation and will slowly agonize while these crypto bros will try to convince people that blockchain technology is working while providing zero actual use cases.

I don't get his intention for that statement. I would say that BTC is the cryptocurrency that is telling us where the industry is heading. If BTC were to take a severe hit such that it would be in danger from continuing to exist, I doubt that any other cryptocurrency could take over because the reason for Bitcoin to be in danger would also apply to any other cryptocurrency. Since he has developed one of those wishful BTC killers that never killed BTC, I believe it might be his bitterness. But I am sure we couldn't care less about his thoughts concerning BTC's future and its importance for the whole industry.

I would like to start by reminding you of a small detail that some people don’t know and some people forget. Bitcoin is n’t the first cryptocurrency, it is THE FIRST SUCCESSFUL CRYPTOCURRENCY. In addition, based on this success and the fact that it has been adopted by a very strong community, it has a guiding nature in the cryptocurrency market.

Yes, the cryptocurrency market can survive without Bitcoin but it is more difficult to predict under what conditions this will happen. For example, let's assume that Bitcoin has lost its power in the market, considering today's conditions. In this situation;

Following Bitcoin's current dominance and strong community's decision, there will be a serious decline in the total market value in the cryptocurrency markets. Additionally, based on this situation, shocking price declines will occur in the prices of other alternative cryptocurrencies.

A second possibility (almost impossible to happen) may occur with the emergence of a different cryptocurrency that can dethrone Bitcoin and take over the dominance of cryptocurrency market. Although this is a very low probability as I mentioned in parentheses, if it happens it will prove that the continuity of the cryptocurrency market will be ensured even without Bitcoin.

It's funny how he draws a parallel with MS Windows. Since Windows continues to be the second most used OS in the overall market, it is also in first place with almost 70% representation on desktop computers. I'm not saying that Bitcoin is like Windows, but if he's using that analogy then his argument is flawed. If the Windows OS were to disappear from the market for some reason, more than half of the Internet-connected devices would stop working overnight. Even mobile devices need servers to work properly, right?

Well you just have to look at where this guy is coming from, yes he is well known in crypto community and I will say well respected. But most of the time if they say something bad about BTC it's because they have the reason. And in this case, obviously he want's his Cardano to be in the top of the market.

And I will say that his argument is flawed though, in the beginning there are also lots of coin that challenge Bitcoin and wanted to become the go to crypto.

Are still people forgetting about the so called Flippening?, where there was a school of thought that Ethereum will take over the crypto market. And guess what happen, Bitcoin still remain on top which means Bitcoin will be and going to be the go to crypto no matter what happens in the future.

To be honest, with the current crypto environment in which the fundamental philosophy of Bitcoin has become secondary, the man may be right. To others who don't agree with Hoskinson, aren't they themselves using centralized Bitcoin platforms? Aren't they themselves submitting KYC demands? Aren't they themselves treating Bitcoin more of a speculative asset than a freedom money? For all we know, if Bitcoin collapsed all of a sudden, even the miners would readily jump into a profitable altcoin.

I didn't read the whole article but I guess this guy thought about it because altcoins may operate independently as they all have different use cases. However, the fact that majority of the altcoin follows bitcoin price movements means they are all dependent with bitcoin, so surviving without something that influenced the whole market is close to impossible.
The guy was just trying to make noise trying to get his project become relevant.

This is his opinion, and he is free, of course, but he says nonsense.

Basically, the analogy he gave about the Windows system is illogical because the computer is independent of the Windows system and any other operating system can be installed, so Windows can be dispensed with easily, but in the crypto industry, Bitcoin cannot be dispensed with.
Bitcoin is the mother of all cryptocurrencies.

I will give him a better analogy. The crypto industry can be likened to a big tree, and Bitcoin is the roots and stem of this tree, and if the roots or stem are cut, the crypto tree will certainly die.

But you should know that when Bitcoin falls, altcoins always follow. So I think there are big and bad effects when Bitcoin is gone. It looks like the Industry is going to be reset. Starting again from scratch, it takes quite a long time. Back builds investor confidence. But when the nature of Bitcoin is currently Decentralized, then eliminating bitcoin seems difficult. As long as the world does not have agreement from member countries, Bitcoin will continue to run. Maybe only some countries stopped and that happened in China.

I don't know what will be my stance towards what he said because TBH, what he's saying might be true.

I mean with lots of altcoins emerging already, and some of them are giving a solution towards the problems of Bitcoin, there might be time in the future where Bitcoin will not be at the top anymore because we don't need it.

On the other hand, there are these new investors who only invests into Bitcoin. There are traders who are trading into Bitcoin most of the time. Overall, there will still be people that needs Bitcoin one way or another. I'm thinking how will the crypto industry will be without Bitcoin?

I believe that bitcoin has a big impact on a number of other cryptos but there is no reason other coins can have any impact on bitcoin. Most people are present in the crypto industry because they see the extraordinary capabilities of Bitcoin and other coins as just a stepping stone to owning them. This is different from coin development which always tries to provide competition so that coins survive and have value in the market, but not many are able to survive because of various conditions that make the coin not fundamental.

In terms of people's interest, perhaps all cryptocurrencies have a role in making people interested in crypto, but this is only a formal effort regarding people's interest in entering the crypto space. If we can be honest, what people are looking for in this industry and that cannot be separated from just a question of profit. While the process of achieving profit means that people may have the opportunity to use Bitcoin or other coins, depending on the opportunities and knowledge that person have.

I think the crypto world will be destroyed if bitcoin doesn't exist, I think we'll see the reality, if bitcoin goes down then altcoins will also go down and if bitcoin goes up then altcoins will also go up. and currently the price of bitcoin is falling, of course everyone knows that altcoin prices are also falling and people who don't have extensive knowledge will panic and sell their altcoins even though they are experiencing losses.

and when you want to invest in altcoins or trade altcoins, of course the target is to look at BTC first because BTC movements really influence altcoins.

It is true that there are always altcoins whose prices rise when the BTC price falls, but this will not last long because these altcoins rise due to hype or are usually just listed on the market, of course the increase will not last long.

So I think the absence of Bitcoin or the fall in BTC prices will certainly have a big impact on altcoins.

That's true, and I'm one of those who strongly believe that this industry depends largely on Bitcoin. That's why we get to find the market dip tremendously whenever Bitcoin dumps. Only a few alts escape such dips whenever it happens. The knowledge of this is what makes me believe this industry isn't going anywhere, at least not until Bitcoin disappears. It's hard for the powers that be to destroy Bitcoin and that's what's keeping this industry going.

I wouldn't say he's wrong. But if Bitcoin suddenly die or gone, most coin (including Cardano) and many company probably wouldn't survive. Only few cryptocurrency with big community (such as ETH) or strong usage/feature (such as XMR for privacy/anonymity) might survive.

Seriously, this whole "crypto without Bitcoin" debate is like arguing if coffee needs caffeine. Sure, alternatives exist, but the OG sets the standard.

It's actually an old analogy that has been thrown around a couple of times by the so called BTC-killers, yet none of those bringing up that analogy have killed BTC.

There is a major difference in the evolution from windows to mobiles compared to BTC - "BTC-killer". BTC is securing wealth and it is truly scarce. Security + scarcity. If BTC can keep fulfilling these two value propositions, it will continue to stay relevant. The protocol is also agile, meaning it can be improved, updated or changed if necessary. It also has a proven track record, which is extremely important for a network protocol securing wealth. Additionally, it grew organically because it was under the radar for many people, institutions and other actors around the world.

Cardano is now sitting at 2.5% the market cap of BTC. The reason for Cardano to carry that much value is the timing. I Cardano was to be launched today, it would probably not be found on the first page of Coinmarketcap.

For coins with a history of many years, the market cap can be a relatively good indicator of the trust people put into the security model. BTC survived so many attacks that I am sure nobody can come up with a true number of tries to take it down or harm it significantly. This will reinforce trust, which in turn means more incentive for people to store their wealth in the BTC network, which in turn will lead to improved infrastructure, which in turn...

Comparing this with Windows - mobile doesn't make sense. BTC is about a security promise + proof. Windows - mobile is catering to changed life circumstances. It is about mobility and availability where security is an important side-condition for most people. In BTC, nobody would store their wealth in the network when security was secondary.

Interesting perspective! While it's true that the crypto industry has evolved, I believe Bitcoin still plays a crucial role as the backbone, ensuring security and stability. The comparison to a window in the past technology era is intriguing, but Bitcoin's robustness and widespread adoption make it a unique and essential element in the crypto ecosystem.

What I honestly do think is that, even though in the future, the crypto industry will still survive and even do well without bitcoin, but for now, the industry is still too young, Bitcoin is the only backbone holding the industry at the moment, if for what ever reason bitcoin collapses, then believe it that the entire crypto industry will collapse as well, there is no two ways about this.

Anybody saying that the industry does not need bitcoin to survive at this moment is possibly day dreaming, and I advice them to wake up, until bitcoin's market dominance drops to like 10 percent or lower, bitcoin will continue to be the one holding the entire crypto market.

I agree with your opinion, yes, it is true that without Bitcoin in the Crypto industry there would be the potential for altcoin destruction, so in my opinion Bitcoin really helps the growth of Altcoins so if Bitcoin disappears there will be a very big impact. sharp decline in altcoin prices, the point is that in cryptocurrency Bitcoin will always be there and of course be the king of crypto because that is what it is.

and to be honest, I also invest in altcoins and the reason I am interested in altcoins is of course because I see BTC whose price is always fluctuating and BTC movements can always be relied on to analyze the market. and in my opinion, destroying BTC will not be easy. because btc is a good coin.

Firstly, OP please edit the spelling mistake in the title "Absence" and not what you wrote above.

Secondly, people outside bitcoin's sphere tend to speak about a lot of things good and bad about crypto. You dont need to take that personally but with a (or a lot) grain of salt.

The actions speak louder than words, so observe what happens in future and where the ADA vs BTC battle goes and not what someone speaks at a meetup and jump out of your couch hearing that. The concept of a BTC-killer or something that can outwit bitcoin has been here since bitcoin came in. None of the assets have had any such advantage over bitcoin, till date.

How the fake survive without the original, it will be impossible because bitcoin control other cryptocurrency in her price movement. Bitcoin is the only hope that has made those other altcoins survive and assuming there is no bitcoin, by now the cryptocurrency market will be a scam because nobody will want to put their money into an investment that they will not have a rest of mind and will even still loss their funds. He is only saying this from his own shallow brain because he is envious of bitcoin and really wished he was the creator. So many altcoins dev are just jealous of Satoshi and bitcoin and they think that they can do better than Satoshi but they ended up creating centralized coins for manipulations and to control the market. Greed is what I will classify them as.

One of the things that make crypto to be more useful today is Bitcoin but I think that Cardano founder is misunderstanding Bitcoin because of the misconceptions he has towards Bitcoin, it not he wouldn't have said such a thing.
If not for Bitcoin the the name crypto wouldn't have been in existence today.
However, it is not everyone that would like a better thing because some just like to condemn things even when they know the things are for good.
If Bitcoin collapse today, only God will know how the crypto space will become because a lot of coin in the market are also depending on Bitcoin because they can not do on their own.

I will not agree to it as long as I cannot see it happening. Bitcoin affects the crypto industry since Bitcoin represents cryptocurrency. If Bitcoin crashes, many cryptocurrencies will also crash. It's similar to the comparison between owning a Windows computer and a phone. Nowadays, most people prefer owning a phone due to its advantages; it's portable, can be used to communicate, and has several other benefits. However, a phone cannot replace a Windows computer because the computer offers more processing power, storage capacity, and multitasking capabilities.

In my opinion, the absence of Bitcoin would have a significant impact on the entire cryptocurrency industry. Bitcoin's price and security have attracted many people to the world of crypto, and without it, people may find it difficult to trust other cryptocurrencies.

I had the same thoughts before but if it weren't to Bitcoin, interest towards other cryptos won't be built up. Yes they are having the same concept but keep in mind that introducing oneself to an industry is always the hardest. Trust is not something you will earn overnight. And Bitcoin just happened to lit the wick of the candle, for other coins or simply altcoins. What supports this is how Bitcoin market price pulls and pushes the market value of other cryptos as well. Indeed there's no strong basis yet of why Bitcoin is the top crypto in this industry and how it became the 'leader' aside from being believed one as the first ever for this blockchain.

Everyone can offer their criticisms and opinions on certain aspects of Bitcoin. Not every opinion may be right and not every opinion needs to be worried about. Sometimes there is just an opinion and it has been said.

I don't think the crypto industry would exist without Bitcoin. You can add a new floor to a house, but you can't remove the foundation. Everyone wants the changes they want to happen instantly. Some things take time and hard work. Bitcoin has gone through many phases and is still going through many phases. Bitcoin has a unique role in the crypto market. When that role disappears, how sustainable will what's left be?

Yes, when the foundation is uprooted, then it is only necessary to see the destruction that will occur.
Maybe there will be some that survive, but it won't last long.

The foundation becomes a core part that can never be lost, just like Bitcoin, which became the pivot of all existing altcoins and became the forerunner of cryptocurrency.

People who hate Bitcoin too much will say that when Bitcoin disappears, a new Bitcoin will appear.
Bitcoin is still Bitcoin, there will be no Bitcoin 2.0, 3.0 etc...

Right bitcoin is the king of all crypto coins so it is simple that if bitcoin goes to an ends then surely every other coin will cease to be visible too. As other coins are allied with that of bitcoin and every coins experience the same actions as that of bitcoin so if bitcoin become extinct same action will be bring about by other coins. Among all crypto coins the bitcoin procured more sureness so if it can break the trust of people then there will be no more faith received by others coins ever. May be for sometimes crypto market persist but it will not be continue longer once bitcoin become perish.

What else could be expected from the founder of an altcoin to say? If they actually acknowledge that if bitcoin disappeared then the whole market will crash and vanish then a great deal of the reasons to be of most altcoins will disappear as they are all dependent on bitcoin anyway.

So in a way I can understand his posture as there is literally nothing else that could be said by him, however is it true? Can this market remain in place if bitcoin were to disappear? I do not think so.

The crypto industry may be interconnected in terms of influencing people's interests, but their roles are different and Bitcoin is certainly one practical way for most people involved in it. Because people entering the crypto space will have an indirect relationship to altcoins even if they don't specifically invest in altcoins. However, if asked whether without Bitcoin, altcoins would disappear then the answer is of course yes because there is nothing more attractive for people to enter this industry.

Bitcoin influences the course of altcoins, as we usually see when bitcoin experiences a significant price increase certain altcoins will also follow suit. That is why people consider Bitcoin to be the king of crypto and Bitcoin's power to maintain value cannot be matched by any altcoin that has ever existed.

I've also thought about this, if bitcoin disappears then perhaps the cryptocurrency market will disappear too, but if we evaluate it more fairly. I think that the cryptocurrency industry will not disappear even if bitcoin is no more, but trust in it will certainly be severely reduced and could collapse at any time.

Why do I say this because it can be said that bitcoin is the only coin that has real utility and practical applications. But the rest of the market is like a money game, as long as people can still make money from this market people will still participate in it even when bitcoin is gone. So I would lean towards the scenario where the market still exists even if bitcoin no longer exists.

The way and manner BTC would affect the crypto industry, remains to be seen.
BTC is a pioneer in the crypto currency industry and any new or emerging coin would have to live up to the standard it has set since it's time of inception and acceptance.
The DCA strategy of investment mostly favours BTC holders with a long term vision because of its stability and almost resistant nature to market volatilities.
Infact, the current price of BTC makes all other coins rise in same sequence and with it still climbing to an ATH, there is still enough prospects for investors who have bought the dip to make a meaningful gain/profit.

Whether DCA favors a certain holder or not can only be said after the fact. There is no way to know whether someone who starts DCA today will be better off than someone who invests a lump sum today. It depends on so many things. What's true is that those who started DCA a very long time ago can consider themselves some happy investors. But similarly someone with a lump sump invested several years ago could be much better off.

As for BTC and its impact on the industry if it ever fails or gets abandoned, I am sure that the bundle of reasons leading to such a hypothetical scenario would have severe consequences. But nobody can say of what nature those consequences would be. If it was for a weakness in an algorithm or a brand new technology that makes BTC obsolete overnight, the question is not what BTC's absence would do to the industry, but whether the whole industry as it is now would vanish overnight.

The majority of investors entered the cryptocurrency market through bitcoin investments, having learned about its safety and then become aware of other cryptocurrencies. Which cryptocurrency will endure if bitcoin vanishes today? No, of course, as no one will see them. They lack the security of bitcoin. Individuals won't invest in those currencies since the danger involved is greater than with bitcoin. Nevertheless, the cost of those coins is determined by the cost of bitcoin. When the price of bitcoin increases, its value increases as well because investors know that at that point, more people will be looking at them and buying them in anticipation of a possible bull run.


It’s simple and obvious why bitcoin is the leader of all cryptocurrencies. The reason behind this is that since the existence of bitcoin, no one has complained that they invested, didn't get their money back, or that the coin has stopped functioning at all. You know, there was a cryptocurrency that did that right, and again, the risk behind bitcoin investment is very small when compared to one of the altcoins. However, peace of mind is also very important. Nobody has invested in bitcoin and started fearing that maybe the coin will crash or they will run with the funds. Bitcoin is there at any time, and as long as you can take the risk, you will make a profit from it. It is just a matter of time.

Yes without Bitcoin the cryptocurrency ecosystem will be drastically affected and things will go wrong, other cryptocurrencies will collapse. Bitcoin is the pillar in the in the industry and once Bitcoin fall other will fall because people will be afraid that as Bitcoin which is the giant of all the coins has fallen then other coins are not save again therefore everyone will be struggling to withdraw their money and at that many people will loss their coins because of the rush many coins will shot down. The example you gave has a very big different with cryptocurrency. Cryptocurrency are all digital currencies that have the same function and uses. But windows and mobile phone have different operations though in one purpose. Computer can function many things but phone can't do many things. But all cryptocurrencies have the same function.

Certainly, yes. Bitcoin is the lifeblood of the crypto market, without it then the crypto industry will never be promising and competitive just like we have right now. With bitcoin's absence, random altcoins will continue to rise in the market and increase the scamming incidents in the crypto industry. When that happens, people will never trust the market anymore as only bitcoin gets the highest utility and the highest trust from its investors.

While this is quite inevitable to happen, but we all know also that crypto without bitcoin will never be the same again. That's why I don't like imagining it because I know that will never happen for now and hopefully in the future.

I'm just looking at possibilities. Many of us here are almost certain that the entire crypto industry would fall without Bitcoin, but that's just one possibility. Is there no other?

Yes, as far as the price is concerned, Bitcoin falling could mean altcoins falling as well. But does that necessarily apply to survival? Should we assume that the likes of MARA or Hut 8 and other billion-dollar Bitcoin miners would just call it quits and forget about their huge capital because Bitcoin is gone? Is it not a possibility, too, that they would look for other PoW coins, mine them, and continue to operate and be profitable?

It cannot be denied that bitcoin is still leading the market and the entire market still moves with bitcoin. If bitcoin falls then very few altcoins can grow but that is not enough to assert that the existence of the cryptocurrency industry is completely dependent on bitcoin. Because as I said, this is a financial market, so as long as it still creates profit opportunities for players, and market makers...it will still be maintained one way or another. Crypto is not only a technological revolution but it is also a financial market like other markets such as stocks or foreign exchange.

He may think so but if you want to get a real idea then you will regularly monitor the Bitcoin market and regularly monitor the Cardano market then you will get an idea of how important Bitcoin is to the survival of all other coins. If the value of Bitcoin increases, the value of all other coins in the market increases, and if the value of Bitcoin decreases, the value of all other coins in the market decreases, so how can we believe that Bitcoin has no role in the progress of all other coins. All other coin markets survive for Bitcoin. If this were not the case then why would a change in the price of Bitcoin affect the value of all other coins in the market?

Every altcoin might be exiting on its own, on either the BSC chain, the etherium chain, or their own blockchain; they are not on the Bitcoin blockchain. That's because Bitcoin is not designed to accommodate any altcoin under the chain. Speaking of the cryptocurrecy market, Bitcoin has the highest trading volume, is the most dominant market, and is the top coin in the space. There is no way that Bitcoin will go down with it affecting the other coins.

Bitcoin is the major coin based on proof of work with a known season. The two seasons of Bitcoin, which are the bear season and the bull season, happen to affect every other altcoin in the market, while those altcoins don't have a halving period in them just like Bitcoin does.

If they can actually stand as tall as Bitcoin in the market, how do they get affected if there is any bad news in the space? When Bitcoin price drops, so many other altcoins join it.

Saying that Crypto Industry can survive without Bitcoin is a bold statement, that needs to be proven first. I wouldn't be about that, at least for now Bitcoin is still the main face of cryptocurrency, most people know crypto started by knowing Bitcoin and that's a fact. More than that if we talk about number currently Bitcoin is holding $800 Billion of marketcap, and I doubt that if Bitcoin is gone half of the marketcap will still around the crypto market, people will just withdrawing those money and move on to non-crypto investment.

There is a high possibility that the founders of the numerous altcoins are beginning to understand that people prefer Bitcoin to the altcoins. This statement from the Cardano boss has all the ingredients of fear and panic and I think that is understandable. I don't expect him to say something different but he forgot to understand that the whole world knows he is not being serious. The future of cryptocurrency in general depends on Bitcoin.

We cant underestimate Bitcoin's influence in the crypto world. Its like the backbone of the industry, not just another player. In a way, Bitcoin is more than just a cryptocurrency; its a change in how we think about money and freedom. Because it is decentralised, it questions the very structure of traditional economies.

The concept of a cryptocurrency ecosystem apart from Bitcoin needs to be dispelled. Imagine a skyscraper (the crypto industry) without its foundation (Bitcoin). Its going to fall apart! The network, its many users, and its workers make Bitcoin safer and more stable than any other system. They're more than just numbers; they show how strong Bitcoin is. Saying that the business world can live without Bitcoin is like saying that the internet can live without its basic standards. Its not just unlikely; its almost certainly impossible. Bitcoin isnt just an old window; it' the whole system!

Obviously? I mean how could we think about crypto world without thinking about bitcoin, that just doesn't work that way and we can't really make it change. We need to accept the fact that crypto world is revolving around bitcoin and there is absolutely nothing else we can do about it, we need to realize that we are going to end up with making something change. This is why we need to get a grip of what's going on and we need to end up with something that will benefit everyone all the same as well.

This bitcoin world we have right now is perfect, it's such a great way to invest and a great way to get ready for your retirement and you are going to make some decent sized wealth with it, that is why if we remove bitcoin then you are going to ruin something that is going so great. Let me put it this way, we had Luna crash, and that was just Luna, and look at how much it hurt the whole market, if Luna being gone is this much hurt, imagine how much Bitcoin would hurt.

Yes.
You just removed the center of this market and while people think that it's possible for other altcoins to survive in the market. It's likely that big players will be gone out here because bitcoin's gone.
How do you play with the liquidity which usually is coming from Bitcoin? you may have that high value on those altcoins but if there is no bitcoin, many people are simply going to be out as well.

I would say it definitely it is. Although I don't think the whole crypto market will shut down without bitcoin, but I guess the people who have been investing in bitcoin might also lost their interest to stay longer in the market thinking that they can't trust any other coins more than bitcoin. The crypto industry evolves more on bitcoin, and if bitcoin will be suddenly gone, I honestly think that it will bring crypto industry down.

However, more altcoins will eventually rise in the market but knowing the reputation of altcoins, wise investors will never easily trust them so they might just leave the crypto market and prefer to invest in real estate or stocks or bonds.

Bitcoin was the king of the cryptocurrency market,do you think the forest will survive for the longer period without the king Lion.It’s merely not possible one for the crypto market to survive without the bitcoin.If the new people come to trade of crypto currency,their first option without any hesitation will be the bitcoin.Nearly ninety percent of the new people was investing their first money in the bitcoin was said by one of the company.The survival of the bitcoin was above decade,we don’t know whether the Cardano had the potential to survive for the decade.Surely the opinion of most of us will be no,because survival in the current economic conditions is not easy one.


The bitcoin was the back bone for now in the cryptocurrency market,before the 2017 many threads was made to predict the next high of the bitcoin.But now no thread was speculating the price of bitcoin because of the stable bull run in the bitcoin price.The demand of bitcoin is more to the demand of Cardano in the current market condition.This alone defines the demand of bitcoin and Cardano in the current market.

This is just a singular person's view, in the crypto world, once there is no Bitcoin, people may be ripped of there money because we will face many face coins of all type, Bitcoin was created in a way that so many people even think that there is another coin inside bitcoin, the invention was very perfect apart from the transaction feed that needed to be modified to fit in the peoples expectation, if what he said is true why is that up till this moment some bitcoiners or digital money hunters don't want to hear anything about altcoin, they prefer not to go into what they do not know so that they won't regret being scammed, I will categorically as that without bitcoin the crypto industry would have gone into extinction, No bitcoin, no recognition of altcoin, this is my take.

I don't know the man in the picture, but even if I had met him before now and his saying whatever he had said about Bitcoin, I wouldn't argue with him, because obviously everyone has the freedom of speech, so he has the right to say anything he wants to say.

I know too well that he is just an attention seeker who wants to be relevant in the scene, so he must do his best to be talked about. Here we go; we are already talking about him. But the fact is, can you uproot a tree without the whole body leaving the surface? absolutely No. So Bitcoin is the root, and alts are like the branches or leaves that, even if they are cut off, don't disturb the tree.

The market can't survive without Bitcoin so don't worry yourself about what people are saying concerning Bitcoin.

He forgets that until now even Bitcoin is still first on all exchanges.
Crypto may last a long time but all will only come and go while Bitcoin will last, we can see how new crypto always appears and only lasts some time because all its purpose is to enrich developers while Bitcoin is supported by a strong community that continues to develop so that Bitcoin is even stronger. And we are used to hearing crypto developers talk trash about Bitcoin without realizing they exist because Bitcoin already existed first.