Do we Need Altcoin?

[Sok Poho]

Yes, of course we all need altcoin even though altcoin is not as good as bitcoin, but I believe that altcoin has good potential and many benefits like good technology and innovation.

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[Lilmon]

Now you will say that we don't need an ecommerce store because there is Amazon, we don't need a search engine cause there is Google and we don't need a social media site cause there is Facebook. Competition is always good for a market and without competition there isn't going to be any kind of innovation.

[PETES]

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?

Even we think we don't need those altcoin we can't do anything about it as altcoins are born everyday and there's no regulation that will stop people to make altcoins. Though to be honest, we don't need a lot of coins considering it will be just a shitcoin yet we still need those so people won't stop to innovate the product. The fact that some are getting calm when they know that there's nothing that can surpass them.

[View_style]

I think that coins are needed. But not in such quantity. The market is crowded and goes down.

[Froy]

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 know, I think there are so many altcoins already, that it's just not enough and the need for them is already disappearing. It is no longer created something new, and copied. That's not very good.

[Ferdinex]

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, of course, we need altcoins, why not? as many sources of income we have as big uour profit will be, so why you are against it

[SvonioneFromMangoCoinz]

Of course we need altcoin in this cryptocurrency world ). If there is only Bitcoin, cryptocurrency world will be very boring, people only have 1 choice to invest in. Beside trader only can trade with Bitcoin only and maybe they will stop trading if all other altcoin will not avaiable anymore ).

I oppose this idea; if the crypto market only has every bitcoin then surely the bitcoin price will increase. We will not have to spend a lot of time choosing the possible coins for investment. We just need to buy bitcoin and wait for the price increase.

[Ferdinex]

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 know, I think there are so many altcoins already, that it's just not enough and the need for them is already disappearing. It is no longer created something new, and copied. That's not very good.

why do you think that altcoins should not he spreaded on the market? i think it is wrong, but i am not an expertk so what do you think?

[Ferdinex]

For me, we dont need it but businesses that use it to run their business needs it.
Altcoin is part of the cryptocurrency system.
In some way we can use them to avail services and product. We can also use it to gain profit through trading.

altcoins are good and inthink the more of them there are on the market the better, so we have a big choice in it, it is cool

[xKARELx]

I believe in many coins not relying on bitcoin, sooner or later many dark horses will show themselves and show how strong coins

[aleksabat]

Most of the coins are supposed to fulfill different tasks with different speed etc. Some of them use smart contracts and some are invisible. So yes, we need altcoins.

[PadenoM]

hi, do we need altcoin, of course we need altcoin, if only ETH and BTC it will be boring, altcoin allo them to keep to the top

[Radzivill]

Of course there are a lot of useless coins. But I think that there is also a huge number of really cool technologies that use blockade. I believe that behind this technology the future and many altcoyins will necessarily find their place in the future world!

[Pet240]

I would say we really need altcoins and we cannot do without them. It is like saying dollar alone and no other currency. The cryptocurrency market today is interesting because altcoins have been included. It also discourages monopoly.

[crampus]

They are created in order for some new idea (fork beatkoin) to become better than it and to become the top one in the market. But for the time being this does not happen.

[thedino]

I guess the answer is not that simple.

First things that came to my mind are:

Do you mean for the global finance market or do you mean the investment opportunity?

I think there are cryptos that have advantages versus others in certain points of usability and possibilities at the market in terms of purchasing something.
And if your only concern is about the trading and investment, i think thats up to you if you think the new currency is worth investing or not. Maybe the new one is THE crypto everone wants to participate in..then it is good that it was "founded"

[mr.Mercedes]

I studied many projects, and most of them would be very useful for society. But, unfortunately, they do not reach the stage of introduction into human life.

[roller24]

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 altcoins are useless because they have no practical application. But we must not ignore the altcoins! after all, they give the maximum profit to investors.

[Daimler_AG]

Yes, it seems to me that the crypto currency will change people's lives. And soon people will use crypto currency in everyday life.

[AMdemzzy072]

yes we need altcoin, if it's not for altcoin bitcoin would not grow as much as of today's value. even thought decentralization is bitcoin another goal, altcoins further decentralize the cryptocurrency community and it also allow developers to experiment with unique features.