Bitcoin needs altcoins because ...

[youdacapt]

Bitcoin does not need altcoins.

 

Unfortunately it does.Suppose there were no Altcoin, people would switch back to fiat in bearish times and chances of them coming back to btc were less.
Now they have an alternative in Altcoin and any fall in btc price is comepensated with the rise in Altcoin price.
But yes there should not be hundreds if Altcoin. I think only 20 would have been better.

Bitcoin can indeed live without altcoin, these coins can still be paired with FIAT, but you have to remember, strong price fluctuations one of which comes from altcoin market activity, if Bitcoin live without altcoin, we will not see bitcoin price could be as high as now. major currencies require booster in trade market, here altcoin play to make bitcoin as a benchmark of cryptocurrency.

[st0nefish]

I do not think Bitcoin needs altcoins. Each altcoin brings different innovations. But as a payment system, Bitcoin already meets our needs.
Even if there is no altcoin, bitcoin will continue to exist in the population.

I think bitcoin also need altcoin to foster price. Well, to buy altcoin, or distribute bitcoin, sometimes it takes a bitcoin, so, people need to form altcoin bitcoin, and bitcoin it makes the price to rise. Well, now very much a project and of course it affects the price of bitcoin.

People value the value of something. Even if there are no altcoins, people can claim bitcoin. As people buy bitcoin, the price will already increase. There is no need for altcoins for this.

[franky1]

The reason BTC percentage of market cap is diving lately is because Bitcoiners are trying to force protocol changes to Bitcoin, instead of doing it on Litecoin, and so no progress is being made at all. Stuck in the mud.

nope.
the "market cap" is a meaningless number
i can create an altcoin with 5trillion coins. place just 1 coin on an exchange to publicly sell to myself at $1 to then have a 'market cap of $5trillion.

the market cap is simply the current public sold price of a coin multiplied by coins in circulation.

. anyway. as for bitcoins price. if you think its large whales making important decisions that can shift the price. i made a few observations the other week

exchange move from $935 ⇘ $933 by a user with just $302(324mbtc)
exchange move from $933 ⇗ $935 by a user with just $50(54mbtc)

(note trades measured in mBTC (0.001btc)

less than $302(324mbtc) to drop the price from $935 to $933⇘
yep $302 to make the market cap change by $32,470,200.00

then ~$50(54mbtc) to ramp the price from $933 to $935⇗
yep $50 to make the market cap change by 32,470,200.00

price movements are not a sign of any "community consensus" due low funds being used and also the high increments per orderline causing the volatility($1 gap per increment)... making it easy to make the market volatile without needing large community/whales

yep just moving the price by $1 changes the market cap by $32million
and moving the price by $1 is shown to be very easy without having to spend much, not due to actual big decision makers using exchanges.
but due to low liquidity on exchanges thanks to no one trusting exchanges after the mtgox/bitfinex/cryptsy/cryptorush/mintpal/intersango/bitcoinica stuff... oh and also the hurdles of setting up accounts at such fiat accepting bitcoin exchanges due to the tightening up of the fiat regs of that side of a exchanges business

[Zadicar]

I do not think Bitcoin needs altcoins. Each altcoin brings different innovations. But as a payment system, Bitcoin already meets our needs.
Even if there is no altcoin, bitcoin will continue to exist in the population.

I think bitcoin also need altcoin to foster price. Well, to buy altcoin, or distribute bitcoin, sometimes it takes a bitcoin, so, people need to form altcoin bitcoin, and bitcoin it makes the price to rise. Well, now very much a project and of course it affects the price of bitcoin.

People value the value of something. Even if there are no altcoins, people can claim bitcoin. As people buy bitcoin, the price will already increase. There is no need for altcoins for this.

You have a point even theres no altcoin bitcoin can stand alone on its own and you are right if theres only one to be focused on then expect the price or value will shoot up but we cant really avoid that there are people who will made their own coin believing that they could able to make another coin which similar to bitcoin that would makes them famous and rich.

[Kodok Bencot]

Bitcoin does not need altcoins.

 

Bitcoin without altcoin of course will like the cuisine without seasonings, bland and no sense of any kind. do you know, that the price can go up help altcoin?

[Qartada]

Bitcoin does not need altcoins.

 

Bitcoin without altcoin of course will like the cuisine without seasonings, bland and no sense of any kind. do you know, that the price can go up help altcoin?

I agree.  Altcoins, even the shit ones, bring traffic to Bitcoin through their marketing of the concept of cryptocurrency, especially the memecoins like Doge which make Bitcoin more accessible and interesting.

[Reaper3]

It's a matter of time until it crosses the 50% margin with altcoins. It is at 65% now.

[Anarchist]

Altcoins can help bitcoin to improve, and bring diversity to any crypto traders. Without altcoins, bitcoin could not be the same as it is today

[iamnotback]

Suppose there were no Altcoin, people would switch back to fiat in bearish times and chances of them coming back to btc were less.

Did you ever do the math computation which shows that all the trading transfers more value into the ticker with the lower beta.

Thus Bitcoin profits on altcoin speculation.

Bitcoin is the reserve currency of crypto.

Please stop with the nonsense about Bitcoin doesn't need altcoins.

It is like saying the US dollar doesn't need game tokens at the arcade.

Idiots STFU.

[ReLieD]

Yes . We need altcoins, it plays a very important role when it comes to conversion.
If someone has to convert their bitcoins into some other currency and they do not have a debit / Credit card or instead a bank account then,
Altcoins is very essential. Even you can use altcoins to buy bitcoins. So this is why bitcoin needs altcoins.

[naughty1]

Everyone is greedy, we all want to have a lot of money, we can not just use bitcoin and real money, so we use bitcoin as a tool to buy and earn as much bitcoin as they want. dozen. So, bitcoin does not need altcoins, people need altcoin is us, altcoin exists for our purpose of enrichment, and bitcoin exists for the purpose of market. And altcoins will always exist if bitcoin exists.

[mmo_online_1981]

Because all of you are converting to BTC! Hj

[Astvile]

This is just a simple thing,bitcoin needs altcoins and altcoins needs bitcoins because they grow and develop at the same time,they need bitcoins to develop and grow and bitcoins also needs some altcoins to develop and grow.

[sherlock_h]

I think the great thing about altcoins is that they demonstrate that if governments tried to stop Bitcoin, they would only bring more trouble as people would pay more attention to the alternative blockchains.

[harizen]

Everyone is greedy, we all want to have a lot of money, we can not just use bitcoin and real money, so we use bitcoin as a tool to buy and earn as much bitcoin as they want. dozen. So, bitcoin does not need altcoins, people need altcoin is us, altcoin exists for our purpose of enrichment, and bitcoin exists for the purpose of market. And altcoins will always exist if bitcoin exists.

It's not that everyone is greedy, some alts are made because they want a different system that bitcoin doesn't have. Well that "must" be the main purpose of a project.

Although as far as my own view is concern, it's not the real happening Im seeing that's why I see some alts are just made for profit purposes resulting for an altcoin shit scam which is present nowadays.

[susila_bai]

Everyone is greedy, we all want to have a lot of money, we can not just use bitcoin and real money, so we use bitcoin as a tool to buy and earn as much bitcoin as they want. dozen. So, bitcoin does not need altcoins, people need altcoin is us, altcoin exists for our purpose of enrichment, and bitcoin exists for the purpose of market. And altcoins will always exist if bitcoin exists.

It's not that everyone is greedy, some alts are made because they want a different system that bitcoin doesn't have. Well that "must" be the main purpose of a project.

Although as far as my own view is concern, it's not the real happening Im seeing that's why I see some alts are just made for profit purposes resulting for an altcoin shit scam which is present nowadays.

Bitcoins and Altcoins are just like Fiat currency and companys created on fiat currency. Bitcoin is the main currency and Altcoins are the projects which are created by the developers on the platform of Bitcoin technology. So if their is no Altcoin then i think Bitcoin value wont be that much increased. Because Altcoin are also a big support for bitcoin as when ever a new Altcoin is created to invest in that Bitcoin have to be purchased by the users to invest in that Altcoin so in this way bitcoin is purchased and the price moves up. So that is why you can see that when ever their is dump in Bitcoin then all good Altcoin are booming up and when Bitcoin starts to boom that time all altcoin starts to dump. And for this you can see the latest dump in altcoin and boom in bitcoin price.

[YTBitcoin]

I do not think Bitcoin needs altcoins. Each altcoin brings different innovations. But as a payment system, Bitcoin already meets our needs.
Even if there is no altcoin, bitcoin will continue to exist in the population.

I think bitcoin also need altcoin to foster price. Well, to buy altcoin, or distribute bitcoin, sometimes it takes a bitcoin, so, people need to form altcoin bitcoin, and bitcoin it makes the price to rise. Well, now very much a project and of course it affects the price of bitcoin.

People value the value of something. Even if there are no altcoins, people can claim bitcoin. As people buy bitcoin, the price will already increase. There is no need for altcoins for this.

yes and if there will be no any altcoin then everyone will do focus on only bitcoin and will invest all of their money only in bitcoin and then the price of bitcoin will increase much higher and the governments will also start to work for the adoption of bitcoin when everyone will work for that.

[BrewMaster]

Bitcoin does not need altcoins.

 

Unfortunately it does.Suppose there were no Altcoin, people would switch back to fiat in bearish times and chances of them coming back to btc were less.
Now they have an alternative in Altcoin and any fall in btc price is comepensated with the rise in Altcoin price.
But yes there should not be hundreds if Altcoin. I think only 20 would have been better.

not really, what you say is what traders do. they  pull out and go to another market (altcoin market) and make profit to come back but others who aren't day trading don't care about it. so altcoins aren't really needed.

and i disagree, hundreds should exist because you can't pump only 20. people will give up. but when you create new altcoins every now and then everything refreshes and starts anew.

[concept2]

I do not think Bitcoin needs altcoins. Each altcoin brings different innovations. But as a payment system, Bitcoin already meets our needs.
Even if there is no altcoin, bitcoin will continue to exist in the population.

I think bitcoin also need altcoin to foster price. Well, to buy altcoin, or distribute bitcoin, sometimes it takes a bitcoin, so, people need to form altcoin bitcoin, and bitcoin it makes the price to rise. Well, now very much a project and of course it affects the price of bitcoin.

People value the value of something. Even if there are no altcoins, people can claim bitcoin. As people buy bitcoin, the price will already increase. There is no need for altcoins for this.

yes and if there will be no any altcoin then everyone will do focus on only bitcoin and will invest all of their money only in bitcoin and then the price of bitcoin will increase much higher and the governments will also start to work for the adoption of bitcoin when everyone will work for that.

Bitcoin is not as good as you think and as you can see, we have a big problem with the blocksize. If this can not be solved, Bitcoin will soon be replaced by altcoin. Bitcoin is just the first crypto. There are still many potential coins out there and you have to agree that Bitcoin is not as strong as other

[oktana]

yes and if there will be no any altcoin then everyone will do focus on only bitcoin and will invest all of their money only in bitcoin and then the price of bitcoin will increase much higher and the governments will also start to work for the adoption of bitcoin when everyone will work for that.

Bitcoin is not as good as you think and as you can see, we have a big problem with the blocksize. If this can not be solved, Bitcoin will soon be replaced by altcoin. Bitcoin is just the first crypto. There are still many potential coins out there and you have to agree that Bitcoin is not as strong as other

So far bitcoin continue troubleshooting blocksize mb and pending transactions, we even heard of the unlimited concept, we should only think in the short term, because until whenever bitcoin developers will not stay silent, the old story that many altcoin want to take the bitcoin place, but it never happened (eth, ripple, etc). It would be easy if we continue to provide support for multiple transactions using bitcoin. Altcoin still need a leader in cryptocurrency, and that's where bitcoin is located.