Why do alt currencies have value?

[Peleus]

I think they have very little value, but the price is determined by what people will pay for it.

People will pay for it for speculative reasons, but very little else at the moment.

[tannerchum]

Why does bitcoin have value?

Because people give it value.

If there is a demand for somthing, and the supply is limited, it should have worth.

Bitcoin has it's own value it is because it is in the line up of cryptocurrency. A one of a kind of money which can converted into anything you wanted either goods or any.

That is true too, people give value because they can see an assurance of bitcoin.

It is just a win-win situation if their is a demand then supply will follow. Bitcoin is really in demand then supply is getting closer to wants of people.

[judeafante]

They have values because they have a product or services on it, or they have a good capability like Bitcoin, examples of these are waves and ethereum, the many coins with good features and capability I think the better for the community people and companies have a better option now.

[papagapa]

They are rare and everything rare is expensive. You can get a lot of profit from mining them. Mining some altcoins is more profitable than BTC. People hope to get rich and media are contributing all the hype around new currencies so prices climb up.

[AtZ389]

Why do alt currencies have value?
Because they have a better chance of making x5-x10. Bitcoin is no longer capable of this.

[Yudhisthir]

I'm with the second statement. There can be multiple coins but they should be for different niches.
There can be two coins competing in the same niche but one would subsequently come up as a leader and kill the other one.

[wissy]

There are all kinds of projects behind these coins and they give them value, because with coins you are or will be able to purchase some goods or/and services on a certain platform. So such a coin can be used as a means of payment and as an investment. How much such a coin costs depends on the state of the market, of course, and on the supply and demand of this coin - how much it is used on a platform.

[four199]

The altcoin is worth it when it explodes
It is quite saturated now.
ICO sprouts much, pulling more coin at the same time the altcoin sect competing.

[The Goat Master]

Some are giving dividends, some are giving some befits for holders, there are many reasons for having value.

[simapple]

As we have seen, the attempt to implement LitePay team LTC failed. I will not invest my money in them, I do not believe in their success.

[dress]

I guess all has value because we agreed among ourselves that it does. People who don't know that gold has price treat it like garbage. So it is our agreement and desire to get rich on coins that attaches value to them.

[melamiras]

They have value because they are normally promising chains that have certain technological improvements that can result in an interesting application some day.

[emberbekas]

Because of the demand for the coins regardless of why people are looking for them. Maybe they see something promising from a coin or maybe because they're just speculating. I don't follow litecoin very well but as I know this coin has been around for a long time hence something good maybe exist with it.

[maiconsr63]

I like Eth the most.

[Rejinx]

There are each genre of projections peak these coinage and they jump them bill, whereas with coinage you are or desire be clever to obtain any choices or usefulness on a bound platform.

[keykey1]

With the rise of LTC and more recently FTC, why do these alt coins have value? I can only think of 2 possible reasons:

1) There is something fundamentally better about an alt coin and it will eventually overtake BTC. Thus the coin has value because people are speculating that a specific coin will overtake BTC.

2) Multiple coins can coexists and may even be used for different niches within the market. For instance, LTC may be used for in person (online) transactions due to it's speed.


Thoughts?

The price of any asset including cryptocurrencies is determined by the ratio of supply and demand. Hence the cost of a particular coin. In my opinion cryptocurrencies should have regularities of their development so that we can predict how the price will change.

[Nikitavoz]

Most coins depend on Bitcoin and Ethereum and their price depends heavily on them. However, there are some shitcoins.

[mahvia]

what gives a currency a value? maybe you can start by answering that yourself and then you realize that it has to have some purpose/output or there is no value

[Adunni6758]

Every "good" altcoin has its peculiar usage. If we eventually find an altcoin whose usage outweighs the of bitcoin, we can possibly be looking at it overtaking bitcoin. Presently, we have some coins in the market and some upcoming ones with real value.

[BenjaminFranklingwould]

Other altcoins trying to solve different reasons. For example EOS is something similar to ETH but do it in some other way and have different code base. Or Dash versus Monero and Zcash. Or Storj versus Sia. Some of them will succeed while other will fail but we need this competition right now.