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Author Topic: If Bitcoin dies does altcoin die?  (Read 17259 times)
weblouartisan
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December 06, 2017, 08:50:02 AM
 #821

Altcoins means alternative coins and it was created to become the next currency after bitcoins so there will be a competition in the market and it is also part of the business so there is no chance that altcoins will die because companies are producing it.

andylioe78
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December 06, 2017, 08:57:34 AM
 #822

This is true if bitcoin falls, bitcoin users will most likely jump to the next altcoin. And altcoin does not have the same developer so it's very hard to see all the dying altcoins and disappear. A new altcoin will definitely rise if the bitcoin falls.
Edrian
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December 06, 2017, 09:10:56 AM
 #823

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley

It depends on what is the reason why bitcoin is going to die.

  • If the reason for bitcoin dying is, the world banning bitcoin then all other altcoins will going to be banned also.
  • Bitcoin is going to die if there is another altcoin that will be going to replace it. As you say this is the chance for another altcoin
  • Bitcoin is one of the pioneers of cryptocurrencies it will totally affect other altcoins if its gone but altcoins will find ways to survive.
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December 06, 2017, 09:14:39 AM
 #824

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley
Do you think that bitcoin will die? Bitcoin will never die because many people are enjoying to buy and supporting the bitcoins. There is no people who can destroy the bitcoin. Bitcoin will exist in this world forever.

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December 06, 2017, 09:34:27 AM
 #825

They'll be severely impacted, but not dead. A factor to be taken into account is the reason of why Bitcoin died. A worldwide government ban will scare the other coins, but smaller factors such as too high transaction fees, might even benefit the altcoins. Each coin has it's own identity and purpose, they won't all die at once if the big one dies.
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December 06, 2017, 09:49:10 AM
 #826

I think it is depend the reason why bitcoin die. If bitcoin die because of losing trust of people, ETH or altcoin will replace bitcoin because ETH is the second most valuable behind bitcoin. Moreover, if all cryptocurrency are banned or no body use them, both bitcoin and altcoin will be dissapear. However, i don't think this case will happen, bitcoin and cryptocurrency are doing well in the market and contribute important part of the economy, just banks and government afraid of bitcoin while everybody get interested in bitcoin and want to invest in it.
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December 06, 2017, 10:10:50 AM
 #827

They'll be severely impacted, but not dead. A factor to be taken into account is the reason of why Bitcoin died. A worldwide government ban will scare the other coins, but smaller factors such as too high transaction fees, might even benefit the altcoins. Each coin has it's own identity and purpose, they won't all die at once if the big one dies.

I'm thinking otherwise though. Yes, They'll severely affected Leading to their death. Everyone is in alts because of the quick bucks but should BTC "die" other alts will go too because the trust is gone along with btc

kalph22
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December 06, 2017, 10:18:12 AM
 #828

I think it is depend on what reason why altcoin will dies along if bitcoin die. If all government ban bitcoin all over the world then all crytocurrency's will die too. Because that's maybe the first reason the all government will ban bitcoin.. They don't want any crytocurrency exist in our world.

And when bitcoin dies because there's no one using it or no one is interested on it anymore. Then.. for sure there were will be other crytocurrency that will raise and take over bitcoin position and will be the number 1 crytocurrency.
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December 06, 2017, 10:32:31 AM
 #829

If bitcoin dies to replace it, another crypto currency will come, for example, Ethereum. It has a huge potential for growth and it is based on a very large number of different altcoins.
The reason why some cryptocurrency cannot replace bitcoin because bitcoin is the first created bitcoin, and first crypto become popular and many user. So if the bitcoin is dies some crypto will grow but not like bitcoin legacy.

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kpcian
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December 06, 2017, 10:48:08 AM
 #830

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley
I don't believe so. Although Bitcoin is the pioneer of this system it doesn't matter whatever it works. I also believe that Bitcoin will not crash in future so that other altcoins. But it's a fact that if Bitcoin will face any trouble then other digital currency will face also a trouble for some short time period.
If you see the recent times credibility of Bitcoin then you can make sure about the future. So don't be worried regarding this issue.
ranman09
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December 06, 2017, 10:50:00 AM
 #831

It will depend on how bitcoin died. If its because blockchain is somehow proved to be hack-able in a way. Then altcoins will surely die with it because it relies on the same technology. If its other issues that is not general (like internet, or the technology itself) an altcoin can survive.
elLiteZero
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December 06, 2017, 10:52:56 AM
 #832

if bitcoin die i think altcoin no die because altcoin it was created to become the next currency after bitcoins so there will be a competition in the market
but nowadays bitcoin more popular what the reason bitcoin will die? i dont know how can bitcoin die
alisafox2017
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December 06, 2017, 10:55:32 AM
 #833

Bitcoin is the altcoin's father. I think, altcoins couldn't function without bitcoin, because bitcoin is the basis of future!
KennyR
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December 06, 2017, 11:00:51 AM
 #834

If bitcoin dies to replace it, another crypto currency will come, for example, Ethereum. It has a huge potential for growth and it is based on a very large number of different altcoins.
The reason why some cryptocurrency cannot replace bitcoin because bitcoin is the first created bitcoin, and first crypto become popular and many user. So if the bitcoin is dies some crypto will grow but not like bitcoin legacy.
With the ongoing growth happening with time as well upon the increasing marketplace acceptance there won't be decline in the growth leading to the end of bitcoin days. Maybe more altcoins will grow big in the market, but the same surpassing the growth of bitcoin at any instance never happens.

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CowboyKiller
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December 06, 2017, 10:17:38 PM
 #835

If bitcoin dies to replace it, another crypto currency will come, for example, Ethereum. It has a huge potential for growth and it is based on a very large number of different altcoins.
The reason why some cryptocurrency cannot replace bitcoin because bitcoin is the first created bitcoin, and first crypto become popular and many user. So if the bitcoin is dies some crypto will grow but not like bitcoin legacy.
With the ongoing growth happening with time as well upon the increasing marketplace acceptance there won't be decline in the growth leading to the end of bitcoin days. Maybe more altcoins will grow big in the market, but the same surpassing the growth of bitcoin at any instance never happens.
Why not? The rule of the world is all things can be die someday, as long as it can create, it will be die. Bitcoin created by Satoshi Nakamoto, a human. Currently, it is running by the miners and a lot of people are users. If someday those people stop to use Bitcoin, what is the future for Bitcoin in that time?
thinkpad99
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December 06, 2017, 10:34:04 PM
 #836

If bitcoin dies to replace it, another crypto currency will come, for example, Ethereum. It has a huge potential for growth and it is based on a very large number of different altcoins.
The reason why some cryptocurrency cannot replace bitcoin because bitcoin is the first created bitcoin, and first crypto become popular and many user. So if the bitcoin is dies some crypto will grow but not like bitcoin legacy.
With the ongoing growth happening with time as well upon the increasing marketplace acceptance there won't be decline in the growth leading to the end of bitcoin days. Maybe more altcoins will grow big in the market, but the same surpassing the growth of bitcoin at any instance never happens.
Why not? The rule of the world is all things can be die someday, as long as it can create, it will be die. Bitcoin created by Satoshi Nakamoto, a human. Currently, it is running by the miners and a lot of people are users. If someday those people stop to use Bitcoin, what is the future for Bitcoin in that time?

In my opinion, Bitcoin is not dependent on Crypto, or vice versa. If we are dealing with the fall of Bitcoin, Crypto does not have to break down. I think that when the BTC price starts to fall, the price of other coins will start to grow - and vice versa.
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December 06, 2017, 10:45:45 PM
 #837

I don't think if bitcoin dies today other altcoins will die too because bitcoin isn't the only coin that is being use to trade other coins
helars2008
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December 06, 2017, 11:08:06 PM
 #838

I dont believe that if bitcoin dies altcoins will also suffer the same fate.
Despite being all a cryptocurrency they are not dependent of each other.
Altcoins may be affected if bitcoin dies but not to the point that it will also die.

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December 08, 2017, 09:45:22 AM
 #839

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley

The idea of blockchain technology and it’s use in finance never die. It is impossible to imagine that Bitcoin with all it’s infrastructure would fade away one day. It could be transformed like we see with appearance of different forks, but it will survive anyway.
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December 08, 2017, 10:05:45 AM
 #840

I dont think that will be happening.If Bitcoin dies then alt coins would also die because they are connected to each other so deeply because BTC is the core of cryptocoin world  Smiley
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