Why isn't bitcoin enough?

[krauzzer02]

That's trillions of units.  So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc.  Why is all this happening and where is the value.  It starting to look like what the Fed does with money printing.

That's why they created their own version of bitcoin or other coins out there, alternative coins short for altcoins were created for what is bitcoin lacking, transaction fees, confirmation speed and key features. Take BTG as an example, they are premined coins that can gather from a GPU mining system which the btc cannot be mined but that coins are just scam created for the sole purpose of money.

Forget the subject of smart contracts and lets focus just on a currency.  Why do we need anything other then just the bitcoin block chain?

Because bitcoin cannot cater the needs of the majority based on its features that's why it's not enough. altcoins are created to fill that holes and needs.

[alexzorgo]

Those coins which have unique relevant qualities will remain in the market. Other garbage created for the purpose of speculation will consign to the past. The market is still young also in it many nonprofessionals, it is difficult for them to make the correct decisions of rather new coins. As soon as the number of professionals increases a problem of scam will decrease.

[jekjekman]

It is my understanding that

1 bitcoin = 100,000,000 satosi units

That's trillions of units.  So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc.  Why is all this happening and where is the value.  It starting to look like what the Fed does with money printing. 

Forget the subject of smart contracts and lets focus just on a currency.  Why do we need anything other then just the bitcoin block chain?

Let's compare it to the businesses in the real world, competition is normal in this aspect because other businesses with almost the same thing to offer wants to achieve goals like what the first one/pioneer achieved already.

Bitcoin Gold, Bitcoin Silver, Bitcoin Copper(I don't see this one), Litecoin(this is not Bitcoin) all of this are fruits of Hard Fork except for Litecoin. Bitcoin developers doesn't really want to split the community or even make a confusion to this different Bitcoin names but the splits is inevitable when upgrading(I am not a professional bitcoin though but that's what I understand) for much better explanation go here http://www.businessinsider.com/bitcoin-fork-explained-gold-segwit-segwit2x-cash-the-bit-3-2017-10.

[bustun101]

Think of it this way: Investing in Bitcoin is like investing in gold
Altcoins also offer plenty of different uses and features than just Bitcoin

[bamboylee]

It is my understanding that

1 bitcoin = 100,000,000 satosi units

That's trillions of units.  So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc.  Why is all this happening and where is the value.  It starting to look like what the Fed does with money printing. 

Forget the subject of smart contracts and lets focus just on a currency.  Why do we need anything other then just the bitcoin block chain?

Bitcoin is the original cryptocurrency. Bitcoin is good and can cater to a lot of our currency needs but it is not enough. Thus, the birth of altcoins. Some altcoins have real functions that bitcoin does not have. Like ETH have their smart contracts. Some altcoins claim that they are totally anonymous, others claim faster transactions and less fees.

But there are also some alts that are made purely to scam and others have no functions at all but to make money for their devs. Those are sh!t coins.

Though there are lots of altcoins in existence and more are created everyday, this does not mean it diminish the value of bitcoin. But I think compliments what bitcoin cannot do.

[ajmapalo22]

Because bitcoin will supply population throughout the world and that is trillions of people while the number of bitcoin will not be enough to cover the demand this is the reason why they need to introduce other coin. Even if they adjust the number of satoshis for one bitcoin I think it will never be enough for the increasing population and demand if bitcoin

[appleyard]

We dont need we are just accepting them to benefit for its values and uses, and the developer of all the tokens and cryptos are just taking the opportunity to earn and to become part of this fastest growing community.