Do we Need Altcoin?

[syntac]

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?

Of course, we still need altcoin to complement the diverse options to invest in cryptocurency. I assume that because cryptocurency requires altcoin that is completely reliable in all forms of transactions and whatnot. The conclusion is that we still need the altcoin.

[scanpayasia]

Each coin is born to solve a problem in the present life. And there are also many coin created to scam investors.

[pazzanegro]

Ofcourse we need alternate. Its alway mainly better when you have alternative. Alternate crypto also gain X000% profit.

[Malaya]

Sure, it increases variety. Think of it as different fiat currencies you may want to invest in. Just because the dollar and euro are the strongest currencies right now, doesn't mean other fiat currencies are not required?

I would agree on this. New and additional altcoins can produce and increase variety indeed. People or crypto users could be more encouraged to use alternative coins since altcoins and ICOs have different nature that may fit to others who want to invest in it.

[Siren]

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?

for my perception altcoin must be here for bitcoin to progress,because if there is no competition there would be no trading..whats the sense of having traders if theres no other coin to trade but only bitcoin?and the price would be manipulated if only bitcoin is around.so i guess thats the reason why we need altcoins it the market

[Daddyj2]

Some altcoins offer good or better services than BTC or BCH just look at the fees there's a lot of altcoins that has very low transaction fees when sending.

[greenpath]

Yes. As bitcoin can be the major way of transactions in the future so altcoins are there to cover the gap of what bitcoin can't do. Bitcoin have a disadvantage and altcoins too. Altcoins have advantage and bitcoin too. The advantages and disadvantages of its coin can make the world of crypto complete. Altcoins is needed in crypto world without crypto couldn't exist today.

[xiaohang07]

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?

Altcoins are not that different from Bitcoin and its forks. They are all blockchain projects. Just like we still need facebook when we already have myspace. Some altcoins will probably dethrone Bitcoin in the near future, due to their advanced tech and utility. In my opinion, I think Ethereum could be the first altcoin that dethrones BTC. 

[Svafnir74]

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?

Most I think will be unnecessary. But there are also useful, for example iota, it is a coin for the Internet of things. Such necessary coins will remain and will continue to develop.

[djixj]

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?

if you are trying to make an investment into any company ethereum is the best way to do it, if you are looking to make a large transaction without paying huge fees like bitcoin takes nowdays you could try Bitcoin Cash or Litecoin.
Plenity of option based on the current amount of altcoins being traded daily.

[Flor1982]

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?

Dont underestimate the capability of altcoins as long as they are legit. Altcoin contributed to the success of bitcoin in which bitcoin maintain the lead positions of all digital currencies. No matter how many altcoins that you keep still we will sell it to bitcoin so that we could earn fiat but if there is no altcoins, how can you earn Bitcoin for free if you dont want to support the cheaper altcoins? So therefore do not look down the altcoins because most of us earned Bitcoin to fiat because of these coins.

[pandanaran]

Technology is growing rapidly so there is a new altcoin that provides more advanced technology than old altcoin, I support it. I imagine if there is no altcoin and there is only bitcoin that's a bit strange, since most of cryptocurrency users now still get a profit or one of the sources of income is in altcoin.

[SyamSoedin]

Of course, we need, it's just too boring with one coin. But it's not the point, ALT coin it's just a small proportion of million chance to become a millionaire, people need something to play when BTC going down, or like stability coin if BTC is unstable.

[ronnis.gomes]

Obviously it is necessary to have other altcoins, as each one has its own purpose and theoretically a real problem that will be overcome.

[Ali Akbar Torang]

If the question do we need altcoin?

first we should understand what do we need, people came out with new altcoin everyday is just because they though people in the community of cryptocurrency are in needed of new altcoin, new project with old idea or new idea. so as long people still invest in new project there will be more new alt. but i think it will not lasting until some point and it will continue. crypto is still new and young we can't guess what happen next precisely, but i feel it will be Amaze the community.

[webmone]

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?

In my opinion, bitcoin does not cope with the functions and ideas assigned to it for several months already - the network is overloaded and the transactions are too slow. The forks of bitcoin are simply useless in comparison with the promising altcoins.

[beej]

Of course, we need, it's just too boring with one coin. But it's not the point, ALT coin it's just a small proportion of million chance to become a millionaire, people need something to play when BTC going down, or like stability coin if BTC is unstable.

Yes I couldn't agree more, we definitely need altcoins they provide opportunities and raises
the stakes for everybody to invest and acquire profits. If it's just one coin, that would
resemble a monopoly. It disrupts the balance in the cryptocurrency market. Altcoins
have a distinct purpose, each and every new coins have a target market that exceedingly
focuses and enhances that area. With bitcoin's success, altcoins has also the capacity
to make it big. They are considerable options that provide substantial solutions and
services.

[putrii]

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?

of course altcoin we really need because by playing altcoin you can get wealth and can simplify to multiply the assets or bitcoin you have, lest you not use altcoin available to multiply the bitcoin you have.

[FullMooon]

Yes some of the altcoins has a different values so needing altcoins is not just we need it its stick on our lives becuase people when they see bad on a material they do muvh more better to help the people. Thats why maybe somealtcoin are better than the other bitcoins criteria thats why it important and we need it.

[markers]

Current flow of altcoins is evidence of market immature. This is the first step on the way of market development. Think that going forward we will face with strong consolidation trends among cryptociurrencies. Some of them will merge, another adds new functionality that makes existence of the rest meaningless.