Bitcoin needs altcoins because ...

[tabas]

bitcoin needs altcoins because it will be the testground of some implementation before going to bitcoin and I think altcoins purpose is to fill up the missing solution bitcoin cant give I cant state what problems are available still. Altcoins are ways of saying they have new idea that bitcoin circle cant adapt and it giving some good volumes on exchanges.

There is no missing solution for bitcoin because it is as it is. There's no need for improvement of fulfillment of bitcoin that alt coin is going to be successor of it. But alt coin is also a good help to bitcoin because it helps the investors to find a lot of ways to invest. Because of them they are making the bitcoin market cap becomes higher for buying alt coins with the use alts.

[BeGoods]

bitcoin needs altcoins because it will be the testground of some implementation before going to bitcoin and I think altcoins purpose is to fill up the missing solution bitcoin cant give I cant state what problems are available still. Altcoins are ways of saying they have new idea that bitcoin circle cant adapt and it giving some good volumes on exchanges.

There is no missing solution for bitcoin because it is as it is. There's no need for improvement of fulfillment of bitcoin that alt coin is going to be successor of it. But alt coin is also a good help to bitcoin because it helps the investors to find a lot of ways to invest. Because of them they are making the bitcoin market cap becomes higher for buying alt coins with the use alts.

I also recognize that the market altcoin also quite helpful for bitcoin, and bitcoin it is useful for itself
but if altcoin nothing though. bitcoin can still survive and walk as usual

[rizkyhiw]

Altcoins are a great way to get bitcoin nowadays, bitcoin does need others coins to upgrade and become better, without altcoin i doubt some features would be made over bitcoin. But in the general people spreading their bitcoin between others altcoins with the hope that they can get roi and make good money something that bitcoin had made in the past, nowadays its getting harder to make money with bitcoin just.

No i even think that all of altcoin mostly have a hidden intense
They looks very promising and legit when they just launch but then they become greedy
Hold a lot of money and run away scam , both bitcoin and altcoin is actually needs each other.

[btvGainer]

...

- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)

- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)

- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.

- Alts might help to generate a closed bitcoin economy

My favorit comes here:

- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.


Any other things missing here?

Because we want more bitcoins... and altcoins are the only way to trade and get more bitcoins without having to give your bank accounts and all sort of credentials into all those shady ass exchanges in order for you to trade.

Alts will always exist because people love gambling.

Bitcoin doesn't need Altcoin but the reverse is not true. Altcoin needs bitcoin for mass adoption.Bitcoin help buying Altcoin and has given a way to Altcoins.
Bitcoin was there when there were no Altcoin but Altcoins can not survive without bitcoin.

[kiklo]

BTC could die tomorrow, some Alts would continue on.  

One of Alts would take over as the main conversion between crypto & fiat.
And Life goes on.

 

[Bitman86]

All open source software has a start.
But they follow versions of the same that can be much superior.
The initial software has a historical reference value.
Bitcoin proved that blockchain technology works well.
But there are improvements that can no longer be implemented in bitcoin,
If implemented they should no longer be called bitcoin ... 

[basesaw]

BTC could die tomorrow, some Alts would continue on.  

One of Alts would take over as the main conversion between crypto & fiat.
And Life goes on.

 

it has point but bitcoin is the root of all crypto currencies. all alt coins is just the fruit of bitcoin. their would not have alt coins if bitcoin is not introduced to the online market. if bitcoins goes down all fruits will also come down as the result of the biggest crypto currencies fall. but all fruits can always start to grow. i just mean that if bitcoin goes down all of the cryto currencies will also be damaged.

[PokemonFun]

Bitcoin need altcoins because most altcoins are traded altcoin/bitcoin so using bitcoin is going to be more and more often but also when some pupils earn money by trading on some exhangers where you can trade your altcoins you can invest your bitcoins in site which accept bitcoin and earn more bitcoins so I think that the biggest reason why bitcoin neeed altcoins that there are more and more bitcoins and more market capital bitcoin have because some kind of new cryptocurrencies.I also think but only think that China is creating new cryptocurrencies to push bitcoin price up when traders trade with altcoin/bitcoin cryptocurrencies.So If that what I tell is true then that is perfect strategy created and good for everyobody here.

[marcoman22]

The first way altcoins have complimented bitcoin is with liquidity.Altcoins with big trade volumes makes arbitrage feasible in the crypto currency markets.Investors can trade between bitcoin and highly transacted altcoins and gain profits.Altcoins help bitcoin to anonymize transactions.Bitcoin users can use shapeshift.io to exchange their bitcoin to altcoin and back to bitcoin but to a different bitcoin address so that making tracing of transactions much harder.The existence of many altcoins makes government attempt to ban bitcoin meaningless as there are large alternative altcoins which could easily replace bitcoins.

[Vivace92]

Yes it's true, everything is a symbiosis of mutualisme, bitcoin without altcoin no use, an important factor is the presence of the criterion and comparison should be. I think it is great, although fellow coin will compete beat bitcoin.

[ether19]

...

- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)

- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)

- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.

- Alts might help to generate a closed bitcoin economy

My favorit comes here:

- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.


Any other things missing here?

Those are all correct. I am mostly looking forward to Segwit as well. It is great that we can use altcoins to test different ideas before making changes to Bitcoin. One thing that you could have added is that altcoins create competition for Bitcoin. They also show people that are thinking about investing in Bitcoin, that it is the best cryptocurrency. There are no altcoins that are even close to the price of Bitcoin.

Wow! now those are some solid points and people who are against alt coins should read and try to understand. There are many trolls in here who hate alt coins and keep shouting their support for bitcoin only. Alt coins are important for the development and for better adoption of bitcoin. They both complement each other and the best part that I like is Alts give you an opportunity to make more bitcoins by trading/investing!

[bitllionaire]

Altcoins are a great way to get bitcoin nowadays, bitcoin does need others coins to upgrade and become better, without altcoin i doubt some features would be made over bitcoin. But in the general people spreading their bitcoin between others altcoins with the hope that they can get roi and make good money something that bitcoin had made in the past, nowadays its getting harder to make money with bitcoin just.

No i even think that all of altcoin mostly have a hidden intense
They looks very promising and legit when they just launch but then they become greedy
Hold a lot of money and run away scam , both bitcoin and altcoin is actually needs each other.

yes that is a reality that most of the people who are launching alt coins have their hidden intense, i think a few of them fulfill their promices to start different services on their alt coin currencies. and facilitate the people, otherwise most of them launched their alt coins for generating money and when they collect the money from the people and then run away, therefore it is necessary to invest your bitcoin in such alt coins about which you are sure that they will no scam you.

[Amph]

BTC could die tomorrow, some Alts would continue on.  

One of Alts would take over as the main conversion between crypto & fiat.
And Life goes on.

 

i highly doubt any alt would take on bitcoin, but perhpas it's true that some alt will work side by side with bitcoin, because people need alternative, need more anonymity

there was someone comparing the crypto world to fiat, with bitcoin being the usd and the other coin being all the other currency, there is no reason to not have a great amount of other currency

[nelson4lov]

BTC could die tomorrow, some Alts would continue on.  

One of Alts would take over as the main conversion between crypto & fiat.
And Life goes on.

 

i highly doubt any alt would take on bitcoin, but perhpas it's true that some alt will work side by side with bitcoin, because people need alternative, need more anonymity

there was someone comparing the crypto world to fiat, with bitcoin being the usd and the other coin being all the other currency, there is no reason to not have a great amount of other currency

I agree with you. I'm also doubtful that another altcoin will overtake Bitcoin anytime soon (Maybe soon, Maybe Never) But I acknowledge that Bitcoin does need altcoins side by side as they make the whole idea of cryptocurrency much more interesting. It'll be boring If Bitcoin was the only Cryptocurrency being traded in exchange, I'm certain there won't be much traders.

[xIIImaL]

Yes it's true, everything is a symbiosis of mutualisme, bitcoin without altcoin no use, an important factor is the presence of the criterion and comparison should be. I think it is great, although fellow coin will compete beat bitcoin.

I do not understand why you need the altcoins to use the bitcoins. You do not need to compare anything, If you compare with altcoin what will happen. Nothing, right. I will say that bitcoin can work alone without the help of altcoins.

[Gembul]

I agree with you. I'm also doubtful that another altcoin will overtake Bitcoin anytime soon (Maybe soon, Maybe Never) But I acknowledge that Bitcoin does need altcoins side by side as they make the whole idea of cryptocurrency much more interesting. It'll be boring If Bitcoin was the only Cryptocurrency being traded in exchange, I'm certain there won't be much traders.

Yes, because I think altcoin not have a significant impact on the bitcoin. As you say traders will get bored if there is just bitcoin in exchanger. With the presence of this altcoin into alternative investments other than in bitcoin. Moreover, the high price of bitcoin which requires us to use a large capital as well, in contrast to altcoin the price is still affordable. Thank you

[SvenBomvolen]

   In less then a year I didnt use alt-coins at all, from my point of view bitcoins doesnt need alt-coins. After bitcoin made success many developers wish to make the same but bitcoin is only one. I see that alt-coins are mostly used for trading, traders earn more bitcoins like that, bottom line alts are here just to make bitcoin more interesting. I dont know how many chances alts have to do what bitcoin did until now, when I see how many scam coins there are people are keeping away from them with reason.

[hv_]

... I should change the title to be 'needs some altcoins' ....

Pls check my 3 points in the op - sure that this not say we need all. And I'm fine with the 'some alts' be in the low market cap range, but that's not their usage until bitcoin stays here as a store of value.

[hdtqisg]

Because most all coin exchange to BTC be for exchange to USD and other

[CraigWrightBTC]

Because most all coin exchange to BTC be for exchange to USD and other

Hmmm.. actually i don't too understand about your statement do you can make it more clear?
Altcoins exchange to Bitcoin doesn't mean bitcoin needs altcoins because there are no impact of it,
that is more suitable altcoins needs bitcoins in trading.