Bitcoin vs altcoins, will they survive?

[elektra]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

[1714468631]

1714468631

[1714468631]

1714468631

[1714468631]

1714468631

[stripykitteh]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

Bitcoin has the potential to increase in price because it was the original cryptocurrency and it began the whole Altcoin trading thing so I am pretty sure that if Bitcoin drops from the #1 rank then the other Altcoin will have to pay homage to Bitcoin’s source code and the price of Bitcoin will place Bitcoin up on the #1 spot again.

The price of an Altcoin is usually moved due to the price of Bitcoin so why have it?

[darkangel11]

I think they will survive, because they're offering something else that bitcoin doesn't. Some are more anonymous, some are faster, some offer better investment opportunities, some are better for trading i.e. more volatile. Bitcoin can go its own way and altcoins will have their own.
In 5 years bitcoin could become very stable and traders will look for something new. Also, don't forget about ICO investors. Some people are making huge money on new altcoins.

[ophyrim]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term.

This is not totally true. For example, think about ethereum. As you now eth is one of the biggest altcoin but still an altcoin. You can invest your money to the eth. for short term and also for long term.The profit of eth is nearly X10 from january 2017. You might be right for some many coins which has small market cap. But this is not the case for all altcoins.

[bettercrypto]

I think altcoin survival depends on it developers and how their marketing be able to cater supporters and community.  Once an altcoin is launched it was given a chance to prove itself.  It maybe slow for sometime but those who proved themselves shows an increase in volume and price.  Meaning some investors were getting in to this altcoin.

[countryfree]

Yes! I don't see why BTC should be the only cryptocurrency. I believe Ether and Monero are good, too. I doubt there could be more than 10 successful altcoins, though. I'm amazed with ripple, which I see as a huge scam, but look at it, it has risen like crazy since the beginning of this year.

[BitcoinPanther]

Yes! I don't see why BTC should be the only cryptocurrency. I believe Ether and Monero are good, too. I doubt there could be more than 10 successful altcoins, though. I'm amazed with ripple, which I see as a huge scam, but look at it, it has risen like crazy since the beginning of this year.

I also believe that it is not right to see bitcoin as only worthy cryptocurrency.  There are lots of new altcoins there that has more advance technology than Bitcoin.  The only advantage of Bitcoin is being the first mover to decentralized blockchain.  Bitcoin anonymity is flawed since we can trace people once they attached their identities to an address that is connected to the other addresses used by the user and some altcoin solved that.  Anyway, I also belive that altcoin can survive because population is so huge that Bitcoin alone cannot cater them.

[shinratensei_]

Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc?

Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

Moves our short-term profit to the bitcoin form and avoided the dump on altcoin and with your profit, you can try your luck to buy again on the dips.

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

Why not? At least those (investors) are still interested in flipping his money on altcoin to get the decent profit and that makes altcoin will always be surviving.

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

That's right. It just like a game for the flippers.

[angaper]

This is a very good question. But to be honest, it is hard to think that the current proliferation of altcoins is sustainable and necessary for practical purposes. Almost anyone can launch a new altcoin every day, but the relative ease with which it can be done is leading us to find repetitive, futile and not very innovative altcoins, and just as with languages and fiat currencies, "less is more" and this will gradually lead us to deposit our finances in a few altcoins, and the rest will continue to be used as simple pump and dump businesses, despite the good intentions of many unfortunate altcoin designers and programmers.

[Yakamoto]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

For an overwhelmingly large amount of altcoins, they will be pumped soon after the inception (or again by groups looking to sucker people in or money) and then they will be forgotten incredibly soon after that. For basically all the pumps I have seen, there are people left holding the bag and their money gets burned in an un-sellable investment.

Some alts, like Ethereum, Litecoin, NEM, Ripple, etc., they are more reliable but not bulletproof, like everything else in the cryptosphere.

[Weatherby]

I am holding bitcoin because i can see the potential behind the coin and there are a few hurdles to be sorted out regarding the transaction speed but when it comes to alt coins almost all of them have non sustainable features and the risk in investing for the long term is a huge risk as there are assets and coins in the alt coin sector and i would not risk my money in the long term with alt coins,but i would take some risk when it comes to bitcoin.

[MingLee]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

I personally wouldn't bother with altcoins unless you're trying to get involved with a pump n dump or are investing in something within the top 15 to be entirely honest. Most altcoins just die and end up taking a lot of the value they had down with them, you can see this on exchanges with them delisting coins constantly.
Keep in mind you need someone to sell to, you can't just sell it back to the exchange. Trading doesn't work like that.

[TastyChillySauce00]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

I personally wouldn't bother with altcoins unless you're trying to get involved with a pump n dump or are investing in something within the top 15 to be entirely honest. Most altcoins just die and end up taking a lot of the value they had down with them, you can see this on exchanges with them delisting coins constantly.
Keep in mind you need someone to sell to, you can't just sell it back to the exchange. Trading doesn't work like that.

Nah, that just goes for shitty coins. The rest which has proven its potential to the public seems to steadily take over the Bitcoin dominance. The coins delisting based on volume in which if there's no transaction going on between specific interval time, it'll be automatically or manually delisted by the exchanges. But, as you can see, some popular altcoin just like ETH or XRP keeps on having support from various exchanges and increasing overtime.

[FlamingFingers]

People are buying altcoins hoping to be rich one day like the earlier adopters of Bitcoin. The last altcoin bullrun has surely made some people filthy rich. So if you want to be rich, you can buy and hold a few altcoins that have a potential of growing, and BAM you would probably get X10 X100 ROI in a few years.

[Twipple]

Absolutely going to survive. I feel the famous altcoins will be surviving longer than the ones lesser known. Altcoins like Ethereum specially will go long. Bitcoin has to survive because of the largest market cap and most people in cryptos only know about that. We are only waiting for ETF to approve it.

[sotoshihero]

Both the altcoins and bitcoins can survive. In altcoins since there are many to choose from, I think its better to keep an eye on the top 10 or even top 100 coins. Daily there capitalization are growing and looks promising. As long as the community supports it, the coins survived.

[radjie]

To save money for a long time into altcoin I think it should not be done because it is feared altcoin age was not long-lived so for the future the value of altcoin is not worth it.
If we keep it in this bitcoin is a very promising investment because the role of bitcoin is believed even he is able to parallel the level with the dollar so that the money we invest in it will be very useful for the future because it will surely experience price increases like in the current year because the year- The previous year bitcoin prices have also weakened in this year prices peaked moreover for the next year there could be a spike in prices to many times over the current year.

[mantra]

The facts show that many altcoins have died and can not last long, while bitcoin continues to survive and exist until now. Seeing this fact I can say that bitcoin is the winner, I do not know why, maybe because bitcoin is the first

[Sithara007]

The facts show that many altcoins have died and can not last long, while bitcoin continues to survive and exist until now. Seeing this fact I can say that bitcoin is the winner, I do not know why, maybe because bitcoin is the first

There are more than a thousands alts in existence right now. Only a few have survived for more than 1 year, such as Litecoin, Ethereum, Ripple, Namecoin, Novacoin.etc. 90% of them vanished even before completing 1 year. But there are certain altcoins, which have been in existence for more than 5 years now.

[The_Dark_Knight]

I wonder what the general view is on this. It is obvious that having altcoins in the short term can be extremely profitable with amazing % increases. But it is probably not sustainable over the long term. Or can you actually put your money in altcoins and just let them sit there for the long term, like with Bitcoin and Etherium etc? Or should you always gradually move your short term profits from altcoins over to Bitcoin or Etherium to save for the very long term?

What are the views on the survival of the alctcoins? Say in the current top 50 list. Do you think they will still be prospering in 1-5-10 years? (granted of course that the whole marked would not crash completely a long with Bitcoin etc)

And by prospering I don't necessary mean they will be in the top 50. But at least that they will be worth more than they currently are.

Not all altcoins are created equal, there are some altcoins that are going to be here for a long time, but most altcoins are going to disappear in a few years so you must never leave your money in any of those altcoins, when you want to leave your money and forget about it choose bitcoin.