Bitcoin without Altcoin ?

[1Referee]

Yeah that's why i love bitcoins because it has no connection in any corrupt like government and easy to transact not like other currencies and it has no tax it depends on the owner of the site if he wants to get percentage.

You have to seperate transaction and withdrawal fees from tax that you may or may not declare every year to the government. In the latter case, even though Bitcoin isn't directly being mentioned as tax deductible in many countries, it doesn't mean you don't have to pay tax over everything you hold in Bitcoin. It adds up to your total wealth, plus the profits that you make are also subject to a general tax law. In short - Paying tax over your coins is a must. It's however up to you whether or not you declare everything honestly.

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[Kasmonian]

Yeah that's why i love bitcoins because it has no connection in any corrupt like government and easy to transact not like other currencies and it has no tax it depends on the owner of the site if he wants to get percentage.

You have to seperate transaction and withdrawal fees from tax that you may or may not declare every year to the government. In the latter case, even though Bitcoin isn't directly being mentioned as tax deductible in many countries, it doesn't mean you don't have to pay tax over everything you hold in Bitcoin. It adds up to your total wealth, plus the profits that you make are also subject to a general tax law. In short - Paying tax over your coins is a must. It's however up to you whether or not you declare everything honestly.

I will keep a record of my bitcoin transaction and pay tax later.

[BitcoinPanther]

i'm really confused what is thr purposes of the alternative coins and how this will be invented? and what are the good benefits of this alternatuve coins? 

Some altcoins are created for experimental purpose, to see how people react if this kind of innovation is implemented.  They created by cloning or forking chain thru modifying the codes, some starts from scratch but have the  other early coins source code as reference.
One of the obvious benefits of alternative coin is experiencing the transaction in more cheaper way and at the same time, it helps promotes bitcoin to people.

[FLoving]

Doge and Trump coins have become a meme and may have brought some users to the bitcoin world through being a meme and kind of a joke, however besides these small things, I doubt the existence of altcoins would make a large impact on the bitcoin world.

Doge has a large community supporting it. But you are missing the point here. You should look at alts which add unique and beneficial features to Bitcoin - like Ethereum and Monero.
These alts make sure that the developers of Bitcoin are on their toes because there is competition.

What I see is they do not compete, they are making bitcoin more popular as in their promotion they always recognize blockchain or bitcoin and that pays great respect to bitcoin.

I do not think that these altcoins give promotion to bitcoins but these are just the competitors of bitcoins because it diversity the investors of bitcoins to invest in hundreds of other altcoins. If they all concentrate on bitcoin then bitcoin will spread to every person.

[Tanic]

Other altcoins are competitors to bitcoin. And all of them play their role in all process of bitcoin standing. To me other altcoins are just trying to get the same level as bitcoin. And look - they are also growing in their price, so if you are haven't such money to invest couple thousands $ in bitcoin you may invest in one of other which cost cheap today, but who knows what the price will be in some years.

[Kotone]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

[Rostadom]

Other altcoins are competitors to bitcoin. And all of them play their role in all process of bitcoin standing. To me other altcoins are just trying to get the same level as bitcoin. And look - they are also growing in their price, so if you are haven't such money to invest couple thousands $ in bitcoin you may invest in one of other which cost cheap today, but who knows what the price will be in some years.

Altcoin devs say that their coin will compete bitcoin and defeat it but have you seen one that has had an actual success doing so? No. Some are increasing in price, some are decreasing, just the natural thing that happens in every market.

I wouldn't actually look for long term investment in most altcoins because the majority of them are there for the devs to make money. They abandon the project once they've made money and then make another ICO project. Rinse and repeat. That's what's happening. Most coins only stay alive for a month or so and then becomes stable. No noticeable price increase or price decrease going on.

[abel1337]

Other altcoins are competitors to bitcoin. And all of them play their role in all process of bitcoin standing. To me other altcoins are just trying to get the same level as bitcoin. And look - they are also growing in their price, so if you are haven't such money to invest couple thousands $ in bitcoin you may invest in one of other which cost cheap today, but who knows what the price will be in some years.

Altcoin devs say that their coin will compete bitcoin and defeat it but have you seen one that has had an actual success doing so? No. Some are increasing in price, some are decreasing, just the natural thing that happens in every market.

I wouldn't actually look for long term investment in most altcoins because the majority of them are there for the devs to make money. They abandon the project once they've made money and then make another ICO project. Rinse and repeat. That's what's happening. Most coins only stay alive for a month or so and then becomes stable. No noticeable price increase or price decrease going on.

No altcoin can defeat bitcoin cause bitcoin is the father of bitcoin. Altcoins too cant just reach near from bitcoin , The second top altcoin cant reach bitcoin , This is why you cant trust altcoins dev if they say that they will beat/defeat bitcoin.

[Mometaskers]

The most common interaction of bitcoin with alts that I'm seeing is that people are bitcoin to buy alts. Sometimes they would use the profit the gained to buy more bitcoins, sometimes they just convert it to fiat but just stock it in their digital wallet and they'd use that to buy bitcoin again if they feel it's wise to do so. I'm not sure of the extent of interaction between them but I believe it's sizable enough to make some difference.

[OmegaStarScream]

No altcoin can defeat bitcoin cause bitcoin is the father of bitcoin. Altcoins too cant just reach near from bitcoin , The second top altcoin cant reach bitcoin , This is why you cant trust altcoins dev if they say that they will beat/defeat bitcoin.

Having this idea is definitely something wrong. crypto-currencies aren't here for a long time and some of them are being developed as It takes time and If you think nothing can surpass bitcoin over the years then you should watch and wait for a disappointment because there are projects such as MaidSafe , ChronoBank and many others that have the ability to succeed.

[avikz]

Bitcoin with few altcoins would have been great, that created an opportunity to trade in the market. But not where we are standing now. We have around 800 odd altcoins which is ruining the market actually. Investments are getting divided in to those 800 altcoins which could have been divided in to few altcoins and bitcoins. If this happened, the bitcoin price would have touched more than 2500 grand.

Nowadays if you have 100 USD to invest, you can make your own coin with the help of a programmer. This is not good and it is attracting the investments which should have been flowed in to bitcoin.

[n0ne]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

[Harlot]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

At my perspective Altcoins don't have any effect on Bitcoin. Every month there are new Altcoins introduced in ICOs and they come and go but I don't see that it affected Bitcoin in anyway. Bitcoin has the largest market share in terms of users/owners, also not all people are traders so you can see how it cannot affect the price outcome of Bitcoin.

[dunfida]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

At my perspective Altcoins don't have any effect on Bitcoin. Every month there are new Altcoins introduced in ICOs and they come and go but I don't see that it affected Bitcoin in anyway. Bitcoin has the largest market share in terms of users/owners, also not all people are traders so you can see how it cannot affect the price outcome of Bitcoin.

It would really not be affected since Bitcoin could able to stand without altcoin.Infact those altcoins is dependent on bitcoin in clearly speaking and they do rely on bitcoin value to have their value. Bitcoin is the father of all cryptocurrency maybe those alts would die but bitcoin would still remain.You are right every month or week new coins are being listed or launched.

[Jambolb2]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

Though bitcoin does not need any support as it can stand alone.. but for sure alt coins are an alternate support for it as the markets are running because people buy and sell alt coins in order to grow their bitcoins or earn some bitcoins... So alt coins are actually running because of bitcoin and alternatively they are a support for bitcoin.

[katrimans]

Since a few years ago bitcoin started getting harder to mine and it started to need more powerful machine to do so, which made its price get even higher , and for many people who were unable to mine or to buy bitcoin , altcoins were the best option , they require less power to mine and are easily exchanged either for money or bitcoin.

Altcoins are here to fill up the gap which will be left by bitcoins. The above mining scenario is one of the practical example.

[Vikingr]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

At my perspective Altcoins don't have any effect on Bitcoin. Every month there are new Altcoins introduced in ICOs and they come and go but I don't see that it affected Bitcoin in anyway. Bitcoin has the largest market share in terms of users/owners, also not all people are traders so you can see how it cannot affect the price outcome of Bitcoin.

At the time when the invested bitcoins remain in bitcoin then it do not affect the value of bitcoin but when for buying any altcoin the bitcoin users throw their bitcoins in the market then it affect a little the vale of bitcoin because by doing so the supply in the market increases. I think it happens only when they buy altcoins from exchanges while investing in ICOs do not have that affect on the value of bitcoin.

[BeManga]

bitcoin need altcoin even bitcoin can be traded in other currency like dollar
its still help the bitcoin in demand bitcoin will not reach this price without altcoin
some altcoin do their own advertising and user will end up investing in bitcoin
because some altcoin is only tradable in bitcoin 

[PacePay]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

At my perspective Altcoins don't have any effect on Bitcoin. Every month there are new Altcoins introduced in ICOs and they come and go but I don't see that it affected Bitcoin in anyway. Bitcoin has the largest market share in terms of users/owners, also not all people are traders so you can see how it cannot affect the price outcome of Bitcoin.

At the time when the invested bitcoins remain in bitcoin then it do not affect the value of bitcoin but when for buying any altcoin the bitcoin users throw their bitcoins in the market then it affect a little the vale of bitcoin because by doing so the supply in the market increases. I think it happens only when they buy altcoins from exchanges while investing in ICOs do not have that affect on the value of bitcoin.

yes that is right as at the time when everyone was going to invest in ethereum then I saw that the price of bitcoin is reducing and the price of ethereum increase and after that when people once again were going to withdraw their money from ethereum to bitcoin then the value of bitcoin once again started to increase.

[DoublerHunter]

Nowadays i don't think if those altcoin can exist without bitcoin because bitcoin can handle itself without this altcoins we can use bitcoin by just trading it into fiat money or by playing it into gambling websites, Altcoin for me is just a alternative rout for bitcoin be exchange to had better profit.

As quoted bitcoin can handle itself without the altcoins, but at the early days of bitcoin existence altcoins helped it grow with potential. Also everything requires competence, same as that competing with altcoins bitcoin grew.

At my perspective Altcoins don't have any effect on Bitcoin. Every month there are new Altcoins introduced in ICOs and they come and go but I don't see that it affected Bitcoin in anyway. Bitcoin has the largest market share in terms of users/owners, also not all people are traders so you can see how it cannot affect the price outcome of Bitcoin.

At the time when the invested bitcoins remain in bitcoin then it do not affect the value of bitcoin but when for buying any altcoin the bitcoin users throw their bitcoins in the market then it affect a little the vale of bitcoin because by doing so the supply in the market increases. I think it happens only when they buy altcoins from exchanges while investing in ICOs do not have that affect on the value of bitcoin.

yes that is right as at the time when everyone was going to invest in ethereum then I saw that the price of bitcoin is reducing and the price of ethereum increase and after that when people once again were going to withdraw their money from ethereum to bitcoin then the value of bitcoin once again started to increase.

That looks normal because the supply of those two coins (ETH and BTC) is being increased when a trader or investor focus on one coin. If they invest on bitcoin then the supply will decrease but the value or price will increase but if they use their coin and convert it into an altcoin then they will sell their bitcoin for an altcoin it selling bitcoin will cause of increase in supply but decrease on price or value.