UPDATE

[kaselit]

UPDATE

[KokiFurihata]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

Like you said, bitcoin was first, and to me, it's the only original...
Some of the clones will live on (in my opinion), but only a very limited amount of them (for example, litecoin).

In 5 years, bitcoin will still exist, maybe 10% of the current altcoins, and 100's of new altcoins that will also be gone in a couple of years...

[Rude Boy]

Of course bitcoin is the best among all the crypto currencies. And it was the first crypto currency ever invited. No other coins can beat bitcoin, IMO.

[7788bitcoin]

I think people create new crypto coins hoping to gain from being the creator (like Satoshi) and hoping that the price will somewhat increase just like bitcoin. However, I think most of the coins are lacking the network effect that bitcoin is enjoying at the moment.

[amacar2]

Nothing beats the original bro. Everything else is a copy if not then a copy with some modification. It all started in bitcoin and we have to leave the title to the first one.

[Betwrong]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

I think that there is nothing wrong with that other cryptocurrencies are appearing. Most of them vanish into oblivion over time but some of them stay and become acceptable.

If you want to compare cryptocurrencies, you might want to have a look at the pretty accurate table which contains the most known cryptocurrencies so far:

https://en.bitcoin.it/wiki/Comparison_of_cryptocurrencies

[Small]

Bitcoin is the first cryptocoin and is the only one that is going to succeed due to the attention from mainstream media. However, alt coins are still beneficial for Bitcoin. They can help to experiment the algorithm, block time or even scenario when block rewards are gone.

[tobacco123]

I have about 3 millions bunnycoins given by a friend. However, I don't even know how to access the bunnycoin blockchain. I guess the biggest limitation of alt-coin is the lack of "infrastructure" that built around them. Maybe Litecoin and Dogecoin are the only bigger ones.

[Mickeyb]

When I first got into crypto, I honestly believed that some other alt coin can make it besides Bitcoin as well. Now I have completely changed my mind. World ain't ready even for Bitcoin at the moment and not for some other more complicated coins. World ain't ready even to send simple transactions, and not something more.

Second thing is a user base. For example, Bitshares forum has only 10k registered users,  NXT forum 5k, etc. This is peanuts, this is nothing. For a moment and for a near future to come, Bitcoin is the only one.

[doublemore]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

Bitcoin is the only great one, after that i consider Litecoin the next best but nothing compares to BTC.  Crypto Market cap is 90% bitcoin atm and i think thats how it will end up.

[SFR10]

5 years from now BTCitcoin will be much more popular and accepted worldwide while there might be two or three other coins still there but nothing like same route as to bitcoin ... the problem with all this new altcoins that pop up out of nowhere day after day is many just start it with little to no knowledge at all and the result are there for us to see ... just hope they won't start a new coin just for the sake of creating their own coin ... its not professional at all and I think it damages the value of real cryptocoins

[Amph]

other coins were born for the sole purpose to give to who missed the "early adopters train" be an early adopter himself, there was no other reason for them to exist

[dothebeats]

Bitcoin was, is, and always will be the best cryptocurrency there is, that's why other coins are called alts because it is an alternative of bitcoin. Other coins might provide new features missing from bitcoin but still you can't deny the fact that bitcoin is still the most preffered crypto over other alts.

[TTMNewsMJ]

Bitcoin is the most important crypto-currencies.
It is also the best among the rest.

[winguard]

Alternative cryptocurrencies are just competitors and some are created in hope for a similar explosion in value. Like litecoin for example it is designed intended to be more efficiently mined and faster to conduct transactions than bitcoin. Since bitcoin has been around for 7 yrs. i have high hopes things would be much better in another 5 years.

[Raimonn]

Bitcoin is the original and bigger one. The other cryptocoins are good for traders, big traders can move its prices to its interest and also are good for the person that creates the coin and sell to other users.

[TastyChillySauce00]

other cryptocoin just for an alternate like what its name,altcoin , and i think it didnt affect to bitcoin because of majority exchanges their altcoin to bitcoin at the end, so altcoin is not a big problem

[Elwar]

Ever used Facebook and thought...hmm, I like Facebook but I wish I could <insert X awesome idea here>. Did you ever think, if only I had the source code I would copy Facebook and add my idea and then everyone would rush to join my Facebook because it is so much more super awesome and as an added bonus, I become super rich.

Bitcoin does provide the source code. The alt creators are still waiting for their alternative Facebook to take over. Not realizing that if their idea was so super awesome that Facebook started losing market share, they would just add that feature to Facebook and that's the end of your awesome clone.

[Q7]

Fact is we never ask or request for the other coins to be made. Since bitcoin code is open source, there is probably nothing we can do about it to stop the creation of the other cryptos. I haven't really seen one that introduces the best feature or solutions to bitcoin's problem. In fact they all share the same core issue and the major problem is that these coins have been giving bitcoin the negative perception in a way.

[JeWay]

Of course Bitcoin was the best
Some of the altcoins even made by a joke, like DogeCoin
So many of them doesn't more serious like Bitcoin

[yanka50]

I don't think any other crypto currency can replace bitcoin. But some like dogecoin, litecoin can gain traction.

[Nahl]

I knew bitcoin long time before I knew the cryptocoin and if i have to choose bitcoin or cryptocoin who is the best
of course i would like to choose bitcoin is the best and always be like that

[CasioK]

I don't think any other crypto currency can replace bitcoin. But some like dogecoin, litecoin can gain traction.

Yes even Litecoin or dogecoin are popular among crypto-currency community, only bitcoin has all the infrastructures required for being serve like a digital money. Bitcoin is the most established crypto-currency. So, Bitcoin is the best crypto-coin.

[Kprawn]

I always see the Alt coins as the perfect breeding ground for excellent new innovation. Bitcoin has the advantage of being the first and having the most hashing power behind it.

It also has a huge merchant base, who accepted it as a payment method and some pretty good projects that would be coming our way soon.

I do not think any other currency could fill those shoes now, but it will grab a share of the whole Crypto currency market. Currently Bitcoin is still at the top and growing. 

[traderbit]

Other cryptocurrencies use another platform to operate.
Some are called as Crypto 2.0 which is total different from bitcoin.
I think bitcoin at the moment is the best and most of others are scam[not all]

[Bitcoininspace]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

To be honest, it's not braking the btc adoption at all in my opinion. Sure it will effect the stability or price increase of btc over time a bit, but in general I know people for instance who got into bitcoin through dogecoin, they had never heard of btc before that but noticed r/dogecoin was getting so popular and got into cryptocurrencies that way.

If you consider btc as a company, every company needs challengers so they can improve. Altcoins are only going to help it in the long run.

[thejaytiesto]

There will always be more and more cryptos, because people are always hoping to find "the next Bitcoin", but the only thing it proves over time as we've seen already is the fact that there will not be a "next Bitcoin". Bitcoin "is it" and the protocol is good enough so that things keep developing in top of it.

[Pab]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

Like you said, bitcoin was first, and to me, it's the only original...
Some of the clones will live on (in my opinion), but only a very limited amount of them (for example, litecoin).

In 5 years, bitcoin will still exist, maybe 10% of the current altcoins, and 100's of new altcoins that will also be gone in a couple of years...

Hundreds altcoinswill gone next hundreds will come,altcoins are mostly hype market,done by same devs with diffrent nicks,,thayare just to stolen some btc.Therearesome legit,real and there is space ,niche for them,but mostly thay are scams,shitcoins

[maokoto]

There are too many altcoins, that is without a doubt. But I would not go as far as to say Bitcoin should be the only one in town. All great inventions have a rather successful copy that stirs some competition and that is healthy. Bitcoin does not really have competition right now, but could have in the future.

I think that litecoin will also survive as a more fractionary coin for smaller transactions.

[romjpn]

Sidechains could kill a lot of altcoins. But I wonder how the sidechains creators will then reward miners to maintain the sidechain. New altcoin ?
I don't know I think traders are happy to ride huge waves that come with those unregulated tokens. It's like penny stocks !
Also some alts could be useful for precise things, such as virtual casino chips (CLAMS for example). But it's really hard to predict anything.

[CasioK]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

Like you said, bitcoin was first, and to me, it's the only original...
Some of the clones will live on (in my opinion), but only a very limited amount of them (for example, litecoin).

In 5 years, bitcoin will still exist, maybe 10% of the current altcoins, and 100's of new altcoins that will also be gone in a couple of years...

Hundreds altcoinswill gone next hundreds will come,altcoins are mostly hype market,done by same devs with diffrent nicks,,thayare just to stolen some btc.Therearesome legit,real and there is space ,niche for them,but mostly thay are scams,shitcoins

We can not simply ignore all the alt coins in way you are saying. In my view alt coins are testing for bitcoin with different features like quick block time and any kind of testing we want to conduct for bitcoin in real time. Alt coin are market movers, simply generating some transactions with bitcoin.

[bitgolden]

I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?

And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.

From here to 5 years, what is the scenario for u?

Like you said, bitcoin was first, and to me, it's the only original...
Some of the clones will live on (in my opinion), but only a very limited amount of them (for example, litecoin).

In 5 years, bitcoin will still exist, maybe 10% of the current altcoins, and 100's of new altcoins that will also be gone in a couple of years...

Hundreds altcoinswill gone next hundreds will come,altcoins are mostly hype market,done by same devs with diffrent nicks,,thayare just to stolen some btc.Therearesome legit,real and there is space ,niche for them,but mostly thay are scams,shitcoins

We can not simply ignore all the alt coins in way you are saying. In my view alt coins are testing for bitcoin with different features like quick block time and any kind of testing we want to conduct for bitcoin in real time. Alt coin are market movers, simply generating some transactions with bitcoin.

Yes. In the open source system and free market we need competitors to gain maturity over time. Alt coins are doing that to bitcoin ecosystem by default. Alt coins are good and needed one in my perspective in order to achieve great things with bitcoin payment system.