Do we Need Altcoin?

[haviet546]

although bitcoin is very good, it still has disadvantages that can not be overcome. So the altcoin was born with outstanding features and the ability to apply in practice, these altcoins have made the market crypto more diverse and more nuanced.

[1714819660]

1714819660

[VelascoMark20]

Those Altocoins have different projects and unique application of blockchain technology. These altcoins give more option to the investors of where they are fit to invest.

[zaluzi modric]

If you follow a campaign or bounty that uses payment tokens or altcoin it is a payment that is used for bounty participants because of the altcoin tokens the bounty hunter earn income with the price of the token altcoin at ICO.

[waywethe]

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?

Yes, in addition to the variety in the market, I see that Altcoin has a lot of strengths. There are also a lot of Altcoin in life. Like ATFS, they have applications for clean foods

[CodyAlfaridzi]

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, for reseach and innovation purposes. Note that the altcoin we needed are the ones like Ethereum, Vechain, WAVES, any coin that bring new value and might revolutionize something, not just changing blocksize like B2X, BCH, and other shitcoin.

[Trimegistus]

We need altcoins because they are the ones pushing for innovation and widespread crypto usage.

However, altcoins are also a major threat because 90% of them are pure trash, scams created to fool the greedy investors.

Conclusion: we need some sort of mechanism to filter the honest projects and put aside the shitcoins.

[herrysam]

The greater probability that some of them will cost much more than bitcoin will be more convenient and safer. Altcoins appear in the process of improving the technology of crypto currency, and therefore, certainly, we should invest in them.

[Linggis]

Yes, of course, you need altcoin in a certain context.
In the Cryptocurrency market, there have been many coins and even hundreds of coins available to meet market demand for coins.
So with the number of coins in the market Crypto, I think it will be needed by each person with their own goals.

[grinifols]

Of course need! Altcoins are a good tool for bitcoin mining. But I do not think that in the future there will be more than 5 leading and valuable coins

[K0korap]

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?

Definitely other altcoins are needed to further pump crypto as a whole. As you can see, Altcoins are necessary coins for investor to provide exclusive services to consumers. In that sense, They will be more encouraged to invest to cryptocurrency which adds to the flow of values in this platform. Since most of the tokens are derived from BTc or ETH as a platform, they get affected by the rise and fall of the platform to which they are derived.

[ekdahlswart]

For me, I need it because I earn money from Bounty ICO. Even there is many Altcoin there and most of them are useless but I think it's make Crypto can develop more bigger than before. People more known about Crypto from they advertise. So there is nothing wrong about Altcoin.

[max1616]

Altcoins are absolutely necessary..But the new subcoins are likely to be scam..Regulations need to be made for this.

[MasNizzer]

For me, I need it because I earn money from Bounty ICO. Even there is many Altcoin there and most of them are useless but I think it's make Crypto can develop more bigger than before. People more known about Crypto from they advertise. So there is nothing wrong about Altcoin.

Yes we need Altcoin, we are still in a period of cryptocurrency growth, the majority of altcoins with
inviable projects will become extinct, only coins with real projects that will survive in crypto space,

[Wyne]

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 think, we still need altcoin.  Increasing variety of coins means great competition in the market so, they will find ways to more improve their coins and more usable as well. Meaning, it is important for innovation and improvement of coins.

With a variety of coins, investors have the opportunity to choose which coins they want to invest with.  It is important so, there will be no room for monopoly.  Unfortunately, some of the available coins in the market are based on ethereum and bitcoin so, its price is still based on bitcoin price.  When the bitcoin price inflates, they follow and when the bitcoin price deflates, they follow as well.

Altcoin/tokens are also important for the creation of new project aided with technology to get funds to make their project possible and feasible.  

[warr1979]

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?

Definitely other altcoins are needed to further pump crypto as a whole. As you can see, Altcoins are necessary coins for investor to provide exclusive services to consumers. In that sense, They will be more encouraged to invest to cryptocurrency which adds to the flow of values in this platform. Since most of the tokens are derived from BTc or ETH as a platform, they get affected by the rise and fall of the platform to which they are derived.

This rule created by the cryptocurrency traders in the market.
Nothing created this rule, only by the trader feel this rule is true for the cryptocurrency, it became the truth and the right choice for anyone want to invest.
Finally, these things created by the whale and use that rule to take advantage the mentality of the trader.

[glongsword]

Of course! If you earn on trading, you must have altcoins in your portfolio! Because, the top 10 first coins grow on average more than bitcoin!

[Bonanzabits]

Honestly most of the altcoins are useless af! A lot of these projects don't need the blockchain technology at all, they just used the ICO boom to collect money...

Well, if you consider from the point of view of common sense, yes, I agree with you. Well, if you look the truth in the eyes, these guys brought money to the market. And most likely their profit also remained on the market.

[Gwyn]

Honestly most of the altcoins are useless af! A lot of these projects don't need the blockchain technology at all, they just used the ICO boom to collect money...

Well, if you consider from the point of view of common sense, yes, I agree with you. Well, if you look the truth in the eyes, these guys brought money to the market. And most likely their profit also remained on the market.

These functions are mutual, and more and more tokens have brought more capital into it, which has a positive impact on the encryption market.

[Herry toer]

of course, I need Altcoin, I use Altcoin for short-term investments and I use Bitcoin for long-term investment, I need Bitcoin and Altcoin for my investment, I'm sure if making both for investment will give a big advantage in the future.

[EfKos]

Yes, of course you need, as this is a good chance to earn for beginners in the crypto industry, here you can buy coins at a cheap price and there is a chance that the price will increase.