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Author Topic: Bitcoin without Altcoin ?  (Read 67952 times)
mmo4me.2016
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January 07, 2017, 02:58:32 PM
 #1201

Most coin converted into BTC. I think it parallels
whizter
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January 07, 2017, 07:44:31 PM
 #1202

I can see the discussion here but i would say that altcoin help Bitcoin a lot in terms of New users being introduced to bitcoin.  I also believe that altcoin are not used only for trading or so we say useful.  But instead altcoin are somehow a testing grounds for some possible update to bitcoin in terms of application with regards to masses' reaction.

If we check the forum activity we can see that the most popular board is altcoins so I understand that many people were/are introduced to cryptocurrencies through these altcoins and learn more how these work and learn the power and the potential of bitcoin.
altcoin move faster than the bitcoin if on price don't be surprised if altcoin more widely discussed because potential and the amount of altcoin, especially by traders
yes that is right that alt coins moves faster but we do not have to depend on the price of alt coin we have to examine the volume because if there is low volume then there are more chance that the price of the alt con will fell down.

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January 07, 2017, 11:29:08 PM
 #1203

I think competition is always useful. It's good to have alternative crypto currencies. So the crypto money sector has got people's interest. Anyone who wants to convert this interesting digger is making a new crypto money. To me, every new crypto money that comes out actually increases the value of bitcoin.
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January 07, 2017, 11:54:38 PM
Last edit: January 09, 2017, 12:19:44 AM by hurain
 #1204

Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
valley365
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January 08, 2017, 12:06:28 AM
 #1205

Alt coins did advance the blockchain technologies in many ways, deepen our understanding of the cybercoins. This in turn help the bitcoin. But bitcoin itself does not really need altcoins.
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February 06, 2017, 01:43:11 PM
 #1206

Alt coins did advance the blockchain technologies in many ways, deepen our understanding of the cybercoins. This in turn help the bitcoin. But bitcoin itself does not really need altcoins.
In a way the innovations brought by altcoins may help Bitcoin, but I think these improvements could not be implemented at the moment. In order to be able to implement several of these improvements, it would be necessary to make Bitcoin more efficient in terms of scalability. And I think there's a long way to go to make that happen.
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February 07, 2017, 03:42:58 AM
 #1207

Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
I think bitcoin does not need Altcoins but I have no problem with the existence of altcoin. although I am a novice trader, but I had some time to get profit from trading bitcoin- altcoin.


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February 07, 2017, 08:51:01 AM
 #1208


Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
You are totally wrong. Altcoin is very important since their dev know how to develop the coin with the new technology based on the blockchain system. Bitcoin is an origin and it is not as strong as other cryptos on the advance technology aspects. Therefore, with altcoin, Bitcoin can know its weakness and dev team will know how to fix Bitcoin appropriately





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SHAWN-MIDWAYS
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February 07, 2017, 09:14:26 AM
 #1209


Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
You are totally wrong. Altcoin is very important since their dev know how to develop the coin with the new technology based on the blockchain system. Bitcoin is an origin and it is not as strong as other cryptos on the advance technology aspects. Therefore, with altcoin, Bitcoin can know its weakness and dev team will know how to fix Bitcoin appropriately

Altcoins are certainly a  good platform to try out new technologies like litecoin is doing with segwit if the tech works & doesn't centralize cryptos it might get adopted by bitcoin and altcoins make it difficult for regulators to have control of any cryptos for continued their existence.
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February 07, 2017, 09:55:50 AM
 #1210

Alt coins did advance the blockchain technologies in many ways, deepen our understanding of the cybercoins. This in turn help the bitcoin. But bitcoin itself does not really need altcoins.

We may say that bitcoin doesn't really need the help of alt coins. But they are contributing good in the circulation and market of bitcoin. Because they need bitcoin for exchanging it to alt coins and that is making the demand higher of bitcoins. Maybe bitcoin will still stand up without alt coins but that can make the traders sad.  Grin
Bitcoin can surely stand up without altcoins, but not same as it is today.
Altcoins also have some credit for this high price of Bitcoin.
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February 07, 2017, 10:06:17 AM
 #1211

There's no need for different altcoins in my opinion. I think we all shouldn't bother of alts, many of them will eventually be devaluated, when side chain technology is implemented. At the same time I must give credit where the credit is due, some alts may be useful for example Altcoin which will be tested with Segwit before activation on Bitcoin
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February 08, 2017, 02:44:13 AM
 #1212

Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
I think bitcoin does not need Altcoins but I have no problem with the existence of altcoin. although I am a novice trader, but I had some time to get profit from trading bitcoin- altcoin.
You might doesn't need altcoins personally, but for a sustained growth alternate competence is required. Why should you need bitcoin. It too emerged competing fiat and with its advancement took the position as the head of digital currency. Same is with altcoins bitcoin competes and grows, else we could have never reached the current level.

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February 08, 2017, 02:48:48 AM
 #1213

Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
I think bitcoin does not need Altcoins but I have no problem with the existence of altcoin. although I am a novice trader, but I had some time to get profit from trading bitcoin- altcoin.
You might doesn't need altcoins personally, but for a sustained growth alternate competence is required. Why should you need bitcoin. It too emerged competing fiat and with its advancement took the position as the head of digital currency. Same is with altcoins bitcoin competes and grows, else we could have never reached the current level.

Yes. Great answer. As of tge competition it really does matter to gain more value. What else is there? Some of those who wants to buy altcoin are going to a bitcoin transaction first. In this event they buy bitcoin and the demand is gettig higher. Imagine if all altcoin will be passing with bitcoin first before they can buy what crypto currency they want. That would really make a big change for its price.
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February 08, 2017, 03:04:37 AM
 #1214

Alt coins did advance the blockchain technologies in many ways, deepen our understanding of the cybercoins. This in turn help the bitcoin. But bitcoin itself does not really need altcoins.

We may say that bitcoin doesn't really need the help of alt coins. But they are contributing good in the circulation and market of bitcoin. Because they need bitcoin for exchanging it to alt coins and that is making the demand higher of bitcoins. Maybe bitcoin will still stand up without alt coins but that can make the traders sad.  Grin

Bitcoin can stand up by itself but altcoins cannot stand up without the help of bitcoin. You are right.
Altcoins give a big support in the circulation because they give us users 'diversity' especially when we are talking about investments.
For me, we can say 'having no altcoins is not crucial' but 'altcoins are needed' for bitcoin's growth.
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February 08, 2017, 03:41:25 AM
 #1215

I'm sure, if there is no altcoin then like a man without a woman, bitcoin will die and will not get people interested. Remember, one advantage is the large number of bitcoin altcoin, but I'm sure that one day there will be a coin which replaced the bitcoin.
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February 08, 2017, 04:12:14 AM
 #1216

Alt coins did advance the blockchain technologies in many ways, deepen our understanding of the cybercoins. This in turn help the bitcoin. But bitcoin itself does not really need altcoins.

We may say that bitcoin doesn't really need the help of alt coins. But they are contributing good in the circulation and market of bitcoin. Because they need bitcoin for exchanging it to alt coins and that is making the demand higher of bitcoins. Maybe bitcoin will still stand up without alt coins but that can make the traders sad.  Grin

Bitcoin can stand up by itself but altcoins cannot stand up without the help of bitcoin. You are right.
Altcoins give a big support in the circulation because they give us users 'diversity' especially when we are talking about investments.
For me, we can say 'having no altcoins is not crucial' but 'altcoins are needed' for bitcoin's growth.

i am agree with drwtsn32, without altcoin, bitcoin can still exist and bitcoin can be traded with fiat or make a payment to buy or pay bills and only few altcoin that could be like bitcoin but the market exchange will use bitcoin rather than altcoin. but altcoin need bitcoin to continue the project and the altcoin price is following with bitcoin price.

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February 08, 2017, 04:20:29 AM
 #1217

Alt coins did advance the blockchain technologies in many ways, deepen our understanding of the cybercoins. This in turn help the bitcoin. But bitcoin itself does not really need altcoins.

We may say that bitcoin doesn't really need the help of alt coins. But they are contributing good in the circulation and market of bitcoin. Because they need bitcoin for exchanging it to alt coins and that is making the demand higher of bitcoins. Maybe bitcoin will still stand up without alt coins but that can make the traders sad.  Grin

Bitcoin can stand up by itself but altcoins cannot stand up without the help of bitcoin. You are right.
Altcoins give a big support in the circulation because they give us users 'diversity' especially when we are talking about investments.
For me, we can say 'having no altcoins is not crucial' but 'altcoins are needed' for bitcoin's growth.

i disagree because there is no connection between bitcoin and altcoins and there has never been any. although you can find some rare exceptions such as litecoin being very similar and also having segwit these days, but in total they are not connected.
and for all these years altcoins have been there only to be traded with pump and dumps to help us make more money or bitcoin.

Buying the dip...
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February 08, 2017, 05:42:19 AM
 #1218

bitcoin without altcoin strong enough bitcoin still valuable but without altcoin we can't trading altcoin it means no exchange no market and no altcoin developer but it will not effect for bitcoin, bitcoin have good value without altcoin
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February 08, 2017, 06:54:20 AM
 #1219

I'm sure, if there is no altcoin then like a man without a woman, bitcoin will die and will not get people interested. Remember, one advantage is the large number of bitcoin altcoin, but I'm sure that one day there will be a coin which replaced the bitcoin.
there is a lot of good altcoins which gained a lot of value and user's attraction. but I don't think any new coin can replace bitcoin.
miner's won't let it happen. bitcoin is first and the only crypto currency which got that much success.

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bravehearth0319
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February 10, 2017, 06:16:35 AM
 #1220

Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin.
I think bitcoin does not need Altcoins but I have no problem with the existence of altcoin. although I am a novice trader, but I had some time to get profit from trading bitcoin- altcoin.
Meaning you are inconsistent for what you are saying, no offense. Bitcoin don't need altcoin, I don't think so, actually bitcoin became popular because of altcoin, why? People or the community here in this industry who don't have a capacity to buy bitcoin directly, there tools to have bitcoin was altcoin, meaning altcoins is the reason why many of the investors has been capable to buy more bitcoins.
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