The Future of the world is MULTIPLE crypto currencies not just BTC

[c789]

Definitely. I believe Monero will be the #2 coin (and could even be #1) since it offers the greatest privacy and untraceability of all coins.

All BTC transactions are public and the user is pseudononymous. That's great and has many practical uses. There is also a need for privacy and untraceability, and BTC can't provide those. XMR has the best implementation of those features in a fully decentralized coin.

Many, if not most, of the other ALTs don't enable substantially different use cases from what one can do with BTC and XMR. Even LTC doesn't do anything substantially different from BTC. Perhaps the storage coins do (like SIA and MaidSafe), and ETH also has its own universe but that confidence has been shaken and it could take a big turn south depending on how people react to the upcoming DAO resolution.

So, I see a few coins with widespread use and the rest will be used mainly by enthusiasts.

[KingTylerVVS]

I agree that crypto will be a lot less exciting if only bitcoin existed. However I don't like so many alt cryptocurrencies which maybe they take some stress out of the blockchain but they do also harm to the bitcoin in the sense that they take from bitcoin a part of its power and price. I think if only bitcoin existed now we would see a much higher price of bitcoin but since it has a lot of branches(alts) then the price is not as high as we would like it to be. I am against this future and I only believe in bitcoin personally.

Yes and no/ yin and yang.

NONE of them currencies even have a debit card - bitcoin has multiple debit cards... So in essence, none of them other coins really matter haha!

But its good to have a backup plan in case the bitcoin blockchain ever is super slow as some bitcoin theorists fear.

I believe whatever happens, we are good.

[Valzador]

Unlikely, if Bitcoin is ever globally accepted as a currency (most 'normal' people still call it a commodity) then altcoins will take the place of bitcoins and become a commodity themselves.

[Herbert2020]

i couldn't agree more with your title, in the future there will be multiple crypto currencies at work.

but i can't help but think you have a specific altcoin in your head right now and that is why you created this topic, and that is ethereum that you also mention in your OP. to that i have to say dream on. because ETH will never become big and will die a slow death over time as people leave it behind.

[BeetcoinScummer]

I agree that crypto will be a lot less exciting if only bitcoin existed. However I don't like so many alt cryptocurrencies which maybe they take some stress out of the blockchain but they do also harm to the bitcoin in the sense that they take from bitcoin a part of its power and price. I think if only bitcoin existed now we would see a much higher price of bitcoin but since it has a lot of branches(alts) then the price is not as high as we would like it to be. I am against this future and I only believe in bitcoin personally.

Yes and no/ yin and yang.

NONE of them currencies even have a debit card - bitcoin has multiple debit cards... So in essence, none of them other coins really matter haha!

But its good to have a backup plan in case the bitcoin blockchain ever is super slow as some bitcoin theorists fear.

I believe whatever happens, we are good.

Yes, there will always be multiple crypto currencies, but I believe that there will only be one that is dominant and the #2 currency will be a distant second.

[doublemore]

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

Anyone can just create an alt, there will always be alt coins but they are testing ground for bitcoin. All alts are priced in bitcoin and they do take some value away from bitcoin but nothing we can do thats the beauty of crypto.

[rudalist]

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

bitcoin is currently still a central exchange that can instantly be fiat money
without bitcoin altcoin not been able to stir and stand alone may currently only litecoin can approach and replace bitcoin

[Apraksin]

Since 2013 I have speculated and traded in altcoins. I've seen  and invested in many promising projects and I've seen and invested in a lot of scams. What is true for them all is that sooner or later they have all become dead in the water.

So I don't believe in altcoins anymore, if one comes along with sufficiently desirable qualities Bitcoin will integrate it.

[Superbitzz]

i do not agree with this statement. i think we are in struggle to make one currency system in the whole world. i think it will be more convenient to use one currency in the whole world. there will be no need of to exchange currencies. the whole world will use the same currency any where.

[Wapinter]

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

There's no room for other crypto.If we have lots of them,each one will kill the other one.Bitcoin monopoly would be the only way cryptocurruncy can survive

[CEOKEY]

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

Yes, i don't think. Other ALT coins will increase for Bitcoin. If Alt coins increase then Bitcoins increase too.

[xuan87]

yes it could be, there are a lot of gambling site now using different type of altcoin although bitcoin still the main currency, it will be great to have a healthy rivalry between crypto coin, but if too many crypto coin its also becoming a problem for the user, it will be inconvenience to have so many wallet

[eternalgloom]

This is already happening, but the market is just so diluted with so many crappy altcoins that it's harder for a certain altcoin to gain enough momentum.
ETH was doing pretty good until it got exploited, another altcoin will probably rise above the others, but I do not see one rising up to half the value of Bitcoin any time soon.

[Barbut]

I agree with OP about this, market is huge and there will be just 21 million coins minus lost coins. There will be a lack of coins as I see it, so this story have a point. If bitcoin really become mainstream there will it will be a mother of all alt coins, and some alt coins can worth much more then now.
Here is not the point in some alt coin to replace bitcoin, its more about following and fill the empty space behind bitcoin. If bitcoin ever worth a lot, people without money will relay on other cheaper alt coins. And its good that for trading with alt coins you need btc, it cant be done without it.
For 5 - 10 years like OP mentioned, we will see if this story can hold. I think its possible, technology is the future, and blockchain have potential to have very good position.

[bitkilo]

In 10 years or so there will probably be a few really good alt coins each designed for something specific.
We are already seeing a good range of new and exciting projects beings launched on the back of some alt coins and i can't see that stopping anytime soon.

[ethereumhunter]

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

http://coinmarketcap.com/charts/#btc-percentage

This is the total percentage of the market that Bitcoin dominates. And since the beginning you can see that the peaks are becoming less and less. So this means ALTs are taking up a bigger percentage of the total Crypto market cap.

I think BITCOIN will be a STRONG crypto. It will be the mother of all cryptos, people will buy it to branch into other ALTs if need be.

no need to wait 5 or 10 years from now, i think after halving yesterday, alt coin (almost every) got up trend in many market and there are some of altcoin jump into 100 % than before. and of course bitcoin will be mother of all cryptos, people exchange (selling) altcoin into bitcoin and the cycle will rinse and repeat so there are many altcoin will start to get up than before.

[extrabyte]

Many of people joined bitcoin or joined the crytocurrency world because of altcoins, and bitcoin can not stay alone in this journey, bitcoin can only help the other coins not destroying them because we buy altcoins with bitcoin.

[katrimans]

Altcoins will continue to coexist with bitcoins. It's pretty simple.
When there's bitcoins, there's also all these other cryptos or alts because without them, trading with bitcoins would be probably very difficult. Right now, trading with bitcoins and other alts is kind of easy.

[aso118]

I dont think bitcoin will kill off all other ALT coins. Imagine 5 or 10 years from now end users are selling their products online and accept multiple forms of payment BTC, ETH, LTE, etc. Why not??? Just look at this chart here.

Anyone can just create an alt, there will always be alt coins but they are testing ground for bitcoin. All alts are priced in bitcoin and they do take some value away from bitcoin but nothing we can do thats the beauty of crypto.

They just don't take away value from Bitcoin - they bring value to the crypto ecosystem.
A lot of people who have invested in Ether, would not have invested as much only in Bitcoin.

[Doamader]

The charts besides show a bit loss for bitcoin we see the crypto world getting more and more investement that is great. People are investing into some altcoins dreaming one day they can hit or grow as bitcoin even to smaller value like 200 dollars or 100 dollars, this would make nowadays several people rich almost instant.