Do we Need Altcoin?

[drwhobox]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

same way as fiat does. Well it's actually the best thing that happend to cryptocurrencies. It can manage the price of Bitcoin with altcoins. And secondary option for peer to peer transactions if Bitcoin is on a mess. Smart contracts are one of the greatest thing happend in altcoins.

[seek4dream]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

I guess most of the altcoins or tokens are created for fund raising purpose for the most part.
I don't blame it, since that is the best way to start a new business when you have no money.

[omegabrain]

Sure, we need, to never stop to improve the Blockchain technology

[sanada.motokage]

Decentralize application is not only a solution for payment, but also a new idea for designing software, which means that there should be more applications and more altcoins. Some altcoins are not simple copy and paste but also a new direction for the new coins, altcoin is important for diversity and novelty.

[Miningtry]

If you ask my i think that bitcoin/bitcoin cash is all we need.

[Blinker123]

Yes we need some altcoins but not too much because it is better to have altcoins, more coins it is better for us for the users, also if they heard about some coins/altcoins that is getting pump they are getting attract of it.

[lemonscentedbreeze]

I think altcoins play a great role in the cryptocurrency market, it is not good for bitcoin to be the sole cryptocurrency and the market would not be able to continue and maybe crash. I think altcoin provides variety and alternatives for different types of investors and people with different idea, time frame and resources. Instead of competing with each other I think altcoins and bitcoins were rather complementing each other.

[SugoiSenpai]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Yes we need altcoins, Altcoins are the most crucial part of having an online project that will help discover new ways of making our lives more convenient through online transactions and virtual assistance. Altcoins are necessary for a project to work, each and every project have their own individual Altcoins to support it and make transactions possible and of course it makes online trading possible as it helps traders to buy and sell different altcoins. Altcoins are the trademark of a project in a company and so ICOs are made to determine whether the project will be successful or not. I suggest you research more about 'Initial Coin Offering' to have more knowledge about altcoins and why they are needed by people especially ongoing projects.

[sirleaf]

I think we even need more of them as time goes by because more people are getting involved in cryptocurrency on daily basis so do we need Altcoins but not too much.

[gulshan1]

Yes altcoin is the best way to invest a small amount of investment in the crypto market for every new investor. Because every body can not invest in the bitcoin with large amount investment and can not bear any loss due to bit coin down fall. So, altcoins are first field to enter with many coin option at any exchange platform. Some time a small price of satoshi coin rise very high rate any time in the crypto market and it can change in the big profit.

[Katashi]

Of course we did, how can there will be tradings without it. I mean there will be no competition in the market which mean all that trading platforms/Crypto Exchanges will be no use for us. I mean do imply that BTC alone will be good. I think you really need to read more bout altcoins sir/mam.

[$ta81]

If were not for altcoins, then bitcoin was also of little use. With such commissions, as in bitcoin, you can fail.
Altkoins allow you to get rid of it. And some of them even quite possible to invest.

[krhnrhn]

Yes of course.. Absolutely we need alternatives instead of one kind for all time.

[noictib]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

I don't think but still everyone is independent to make his own coin , But in actual this thing is resulting into bad impact for the cryptourrency market , the main reason is that few people not thinking that they are making Thier own coin but they are making stupid coins only for making money only and don't think about the loss of another people who are looking to invest in Thier coins .
So here a type of trend is going running in the cryptocurrency market where Making new new coins is a type of business .
But here i Don't think that if we have limited coins then we have much chances to make trading than what with unlimited coins ( means increasing in numbers Daily ) .
So here need of everyone we have in this field where no limit to have selection of the coin to make better trading , because even a small priced useless coin is a profitable thing sometimes , it depends us that how we are going with trading work.

[Filantropica]

It depends on your personal decission.

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[Drakula]

of course we need altcoins, because investments are not in bitcoin alone, altcoins also need for long term investment, and more altcoins would be great for cryptocurrency variations

Definitely we need altcoins and you are right, the investment are not depend only in Bitcoin. Altcoins are good for investment too especially when the value of Bitcoin is decreasing. Thus, to have them both are the best way to gain profit.

[Team Saske]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Not since Saske, the only coin to have intrinsic value.

[DanWagner]

I think the real development of the blockchain is happening in altcoins right now. Bitcoin is only trying to scale to solve their transaction problems. While with altcoins devs are trying new things with blockchain tech which i think will better the future of bitcoin also.

[cryptomarijuana]

If you are planning to get more BTCs trading alts is required to do that because most of the alts are moving actively than BTC's price actions.
Alts are more profitable than trading BTC alone.

[Trimegistus]

I think the real development of the blockchain is happening in altcoins right now. Bitcoin is only trying to scale to solve their transaction problems. While with altcoins devs are trying new things with blockchain tech which i think will better the future of bitcoin also.

Indeed but in that process BTC is getting further and further away from Nakamoto's original view.

Altcoins will be the future because they can expand the uses of blockchain technology in ways unimaginable to us today.