Bitcoin needs altcoins because ...

[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.

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.

I do not trust the altcoins. Many people think that altcoin's price like bitcoin will increase. They pump up some altcoins and raise their prices. People are starting to take a rising altcoin. Later, when a quick dump comes, many people are lose money.

But even if the price of the bitcoin falls, it rises back to its former price.

[Rinder]

Bitcoin remains main currencie due it be the most profitable coin to mine, even with a long roi moment, miner are able to roi into 10-14 months, with a s9 machine, energy will be the only wall to the roi at the moment. There are altcoins faster and with less issues then bitcoin, but their value is very low compared to bitcoin. At the moment bitcoin is traded against any crypto coin, and no other coin has such thing.

[hankyulpark]

Because most altcoins add something to the initial BTC proposition. We have to acknowledge that somethings can't be done by BTC, and some altcoins have a good way to handle new features and add value to its users. Many altcoins have a solid develop team working behind it, that are coming up with excellent solutions to our problems/desires as crypto community.

[bravehearth0319]

...

- 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?

We all know how bitcoin was very popular now in the entire world especially in terms of the new innovation of technology. And since bitcoin is too expensive to buy in, the better option for us to have it is to promote altcoin for us to have bitcoin personally, and by promoting it we also promoting bitcoin. Therefore with it, one we get profit into  altcoin we also have a chance to get profit into bitcoin and we can have a chance too to hold some bitcoin to our bitcoin storage wallet.

[Cryptonite310]

AltCoins have a different use case that BitCoin, they can be manipulated to do something that bitcoin does, just better, or faster and that's the point of altcoins.

[virtualkeybuyer]

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

Yes it is important that blockchain problem is solved because if the blockchain problem is not solved then people will fear from their investment in bitcoin. But as we can see the developer of bitcoin are more expert so they wll soon solve the problem and none of the coin will replace it.

[Salazarian]

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.

I do not trust the altcoins. Many people think that altcoin's price like bitcoin will increase. They pump up some altcoins and raise their prices. People are starting to take a rising altcoin. Later, when a quick dump comes, many people are lose money.

But even if the price of the bitcoin falls, it rises back to its former price.

if the price of bitcoin remain stable then trading alt coin using your bitcoin is also a good option and  you can really make good profit from it. as i am a good trader and i mostly trade alt coins for making money.

[Pettuh4]

Because most altcoins add something to the initial BTC proposition. We have to acknowledge that somethings can't be done by BTC, and some altcoins have a good way to handle new features and add value to its users. Many altcoins have a solid develop team working behind it, that are coming up with excellent solutions to our problems/desires as crypto community.

I agree with you but they shouldn't think if today king our precious Bitcoin for some fake coin. I think some people think the fact they they've been able to create a successful Altcoin it means they can sack the core Devs and replace them easily.

[kidoseagle0312]

...

- 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?

Bitcoin literally  in my country's currency is very very expensive, where an ordinary people like me can't directly buy bitcoin. But because of altcoin I can have a chance to have a bitcoin balance by simply promoting it through signature campaign which I had joined it before. And with it, I could have a chance to save also some of bitcoin in my storage wallet for the future.

[andrew24p]

altcoins are the best testnets. Changing the bitcoin code base needs to be conservative with a lot of testing, while altcoins do not. That being said I dont think we need a million with no use cases.

[bitgolden]

Because most altcoins add something to the initial BTC proposition. We have to acknowledge that somethings can't be done by BTC, and some altcoins have a good way to handle new features and add value to its users. Many altcoins have a solid develop team working behind it, that are coming up with excellent solutions to our problems/desires as crypto community.

Most of the altcoins claim that they bring new things that makes them different from the bitcoin, but in my point of viewthey are all trying to be just copy cats, they are trying to make profit from the successful idea that people liked in bitcoin, except a couple cons here and there they are not really worthwhile coins and some of them dies fast because they don’t have the same user base as the bitcoin.

[freedomgo]

Because most altcoins add something to the initial BTC proposition. We have to acknowledge that somethings can't be done by BTC, and some altcoins have a good way to handle new features and add value to its users. Many altcoins have a solid develop team working behind it, that are coming up with excellent solutions to our problems/desires as crypto community.

Most of the altcoins claim that they bring new things that makes them different from the bitcoin, but in my point of viewthey are all trying to be just copy cats, they are trying to make profit from the successful idea that people liked in bitcoin, except a couple cons here and there they are not really worthwhile coins and some of them dies fast because they don’t have the same user base as the bitcoin.

They have different concept actually and people will support those altcoins who brings good ideas that has a long term road map. Despite of their brilliant ideas they cannot beat bitcoin as of the moment, but we cannot assure about the future since it is us people who will dictate the future of coins that we are supporting. What we have seen recently, when bitcoin's price fall back hard, ETH and DASH made a price hike and now that bitcoin is back on pump they are down abruptly also.

[Rajchandu]

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.Most of the altcoins claim that they bring new things that makes them different from the bitcoin, but in my point of viewthey are all trying to be just copy cats, they are trying to make profit from the successful idea that people liked in bitcoin, except a couple cons here and there they are not really worthwhile coins and some of them dies fast because they don’t have the same user base as the bitcoin.

[Xenophoto]

altcoins are the best testnets. Changing the bitcoin code base needs to be conservative with a lot of testing, while altcoins do not. That being said I dont think we need a million with no use cases.

We surely don't. The altcoins that don't have use or don't have an audience at all just sinks down pretty quickly. Bitcoin needs altcoins so we can test out the new stuffs before we launch it on bitcoins. Not that bitcoin depends on altcoins, but altcoins help bitcoin grow in some way. Every altcoin user eventually becomes a bitcoin user because he gets exposed in the cryptocurrency world.

We only need a few altcoins but that's not going to be the case since a good amount of people knows how to create an altcoin and a decent amount of people are interested in having their own altcoin project.

[Pab]

Bitcoin needs altcoins to be in use,people need altcoins to make bitcoins,but some alts are good hadge for bitcoin whan btc price is going down

[Dorky]

...

- 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?

Alts work as a sandboxes to experiment out new concepts and theories.
Once they are found workable, they will be transferred to the Bitcoin-Blockchain mainframe.
Thereafter the alts will be phased out, ignored, and left to die (along the way price will be pumped up and down to slaughter gullible traders).

Alts also function as distraction to the gullible to trade on, with the false hope that they will strike it rich (those who are rich are the insiders).
Governments will not ban Bitcoin for long as their decision to ban is just a temporary drama to create confusion and suspense.
When the time comes for the emergence of the Phoenix currency, governments around the world one by one will adopt Bitcoin.

Edit:
Not to forget, altcoins are also used to 1) get rich quick by the insiders and 2) spread adoption and awareness of cryptocurrencies.

[Dorky]

Always remember that adopting/worshiping the mark of the beast prevents you from entering Heaven.
I don't know why and how exactly, but I suspect the riches that Bitcoin will ultimately bring will make almost everyone to become very materialistic and turn away from spiritual path, thus become lost.

This pretty much supports the prophecy by Buddhism whereby there will be a period of time in the future where most humans will be lawless, without moral, and spiritually lost. And this period will be very very long. And humans reincarnated during/in this period will experience regression to their karma as they will commit more sins than deeds. Heavy sins will cause humans to be reincarnated into a much lower state/level of existence, possibly until the point of total rejection by God.

I personally believe that the money god will one day die. And when it does, the human world will truly enter a point of no return, spiritually.
I could be wrong in this, in which the death of the money god will usher humankind into a new world of freedom from slavery.
Technologically the world may be far more advanced, but human essence will be hollow (without spiritual interest).
Bitcoin will be the new money god, and Bitcoin will die.

It is my understanding that spiritual development and progress is infinitely far more valuable than any material pursue.
Refer to Matthew 6:19-21 which is very true and very important for spiritual liberation.
And I can sense the window of opportunity for spiritual work is closing, and it is imperative that a person should get more involved in spiritual work (like meditation and be unattached to material gains) for salvation.

For those who do not believe in God, you can disregard my comments here. I don't need your foolish input. My comments are for the believers.

[DarkIT]

Bitcoin needs altcoins to be in use,people need altcoins to make bitcoins,but some alts are good hadge for bitcoin whan btc price is going down

well, maybe it was also included into the use of bitcoin in trading. Well, in order to increase the popularity bitcoin, altcoin is needed, especially in this new kind altcoin spending. sometimes, bitcoin prices rise, because of the altcoin that are popular, because although the popularity altcoin was very high, still they have relied on price bitcoin.

[danherbias07]

Bitcoin needs altcoins to be in use,people need altcoins to make bitcoins,but some alts are good hadge for bitcoin whan btc price is going down

well, maybe it was also included into the use of bitcoin in trading. Well, in order to increase the popularity bitcoin, altcoin is needed, especially in this new kind altcoin spending. sometimes, bitcoin prices rise, because of the altcoin that are popular, because although the popularity altcoin was very high, still they have relied on price bitcoin.

I think it is also the truth that you would need bitcoin to buy an altcoin. So it is kind of connected. Whenever a new investor is introduced to a new altcoin there is a time that he or she will be facing bitcoin also. So it kind of helps with the advertisement although their main priority is their own coin first.
Also, whenever you go to a trading website the main currency to be used is bitcoin to where alts are valued. I think when the alt get popular that is when they where priced in USD.

[ololajulo]

Not all altcoin serve the same purpose of bictoin but they work toward having a good value the investment has paid for like a stock. The altcoin help bitcoin to serve more function that it did, and help increase the value and liquidity.