Do we Need Altcoin?

[fearcoka]

We need altcoin because it is a good alternative investment rather than bitcoin because there is a lot of good altcoins in the market that can give a lot of profit or even a higher return compare to the potential return of bitcoin so it is a good step to just spend some of our bitcoins or money to altcoins.

Actually, more profits mean more risk, this is the rule. You can't deny this truth. You earn a lot of profits from an altcoin, and at the same time you make that profit, someone also loses the same amount of money you received in that coin. For me, Altcoin has the role like its name, "Alternate Cryptocurrencies" for Bitcoin.

[tinystone26]

Yes we need it to create more opportunity to those people who wanted to invest earn in few weeks and to make more platforms that are related to what we need and create more applications that can help all people. And to give a job to work those bounty hunters that are currently focus on working to some Altcoins to a better future to come in their life.

[Clifmeister]

Bitcoin does not meet the demands of the market development for a long time. The society needs altcoins, new promising projects. I think eth is one of the  most perspective and useful now, but it is not an ideal, and we need different coins. I am sure that www.menlo.one become one of them.

I agree that Menlo One might be one of the best projects launched this year, but Eth also has its own purpose imo. I think Eth may have its own shortcomings like Bitcoin but I think that it's doing better than the latter.

[SinRin]

We do not really need many coins and after a while, they will completely disappear. I invested for all time probably only 10 coins

[nikitakittt]

Those who are involved in bounty and drops, need. then these alcony transferred to bitcoin or other more common coins

[Tokoyami]

Bitcoin does not meet the demands of the market development for a long time. The society needs altcoins, new promising projects. I think eth is one of the  most perspective and useful now, but it is not an ideal, and we need different coins. I am sure that www.menlo.one become one of them.

I agree that Menlo One might be one of the best projects launched this year, but Eth also has its own purpose imo. I think Eth may have its own shortcomings like Bitcoin but I think that it's doing better than the latter.

But in the case of altcoin, there is a need for competition and diversity and for me, in a market without competition, everything stops in place, construction stops. The good will keep on living, I do not think it bother to be too much.

[laynequinten]

 Your question depends on why do you use alts.every popular alts have their aims and goals for example ethereum focuses on running the programming code,its olso used by app developers and its better to use than bitcoin in this situation(olso it's not bad for trading too).. In my opinion its good that there are so many alts because there is  competetive environment and it causes to compete each others, wich will develop alts.I hope that,they you will find  applicable use of i

[beleyeleazar]

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 alternative coins. However, each of the existing alternative coins has their own purpose and definitely are not created specifically for the same thing.

[mezzaluna]

The essence of an Alternate Coin is not always the token and its value. Alternate Coins are created because of their platforms and what it can do for the community. We can say that there are a lot of useful Alternate coins and one of them is Ethereum. We know that without Ethereum then there would be a lot less Alternate Coins because some of them were just based from Ethereum and also from Bitcoin. The platforms of this different Alternate Coins have specific jobs that can be done only by them.

[magnum cyber]

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?

crypto is needed not only for transactions because so far there are only a few people who actually consider crypto as the currency used for payment there are more people using it as an investment tool so even though there are already other bitcoins and coins you mentioned we still need altcoin as means of investment

[PoseidonF]

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?

well crypto is more than just speculations, projects focus on different aspects to improve or disrupt industries and societies. Take a look at Poseidon Foundation for example uses Stellar blockchain to offset carbon footprints emissions.

[rozenkreitzer]

We need altcoin because it is a good alternative investment rather than bitcoin because there is a lot of good altcoins in the market that can give a lot of profit or even a higher return compare to the potential return of bitcoin so it is a good step to just spend some of our bitcoins or money to altcoins.

Actually, more profits mean more risk, this is the rule. You can't deny this truth. You earn a lot of profits from an altcoin, and at the same time you make that profit, someone also loses the same amount of money you received in that coin. For me, Altcoin has the role like its name, "Alternate Cryptocurrencies" for Bitcoin.

And there is. It is impossible that everyone earned money. Someone has to lose them. You never want to be the one who loses money, but it happens. These are the laws of the market.

[Black Angel]

Of course, we need altcoin to be a competitor of bitcoin, if there is no altcoin then it is certain that bitcoin is not attractive so it is too easy to control for those who have huge capital.

[digiadven]

I believe that we need altcoin for balancing and other development of the crypto currency industries. They need other coins that could represent how investment in crypto is safe and highly return.

[edwardsolo2021]

Indeed obviously crypto space require elective coins in these way we can develop and there are loads of new elective coins or tokens that have promising innovation. In the event that there no other elective coins the innovation in the crypto space won't redesign and develop. There is an adage "No man is an island" two heads are superior to one and more is always better. Be that as it may, for me crypto space ought to do a few directions about this Initial Coin Offerings (ICO) the other method to present the new elective coins as there are parts poos coming and in addition tricks.

[meejay]

Hi there,

I don't think that we need this much of altcoins but we definitely need them. One is superior to other in terms of features such as security, speed, privacy, utility etc. There are many technologists who come up with an idea to improve the predecessor. Since the industry is mature so they can earn a fortune so they go to create their coins instead of improving the existing ones. I understand that we will not have this much when the industry gets mature but, we will see more coming out everyday for quite some time I believe.

Kind regards,

[Exolife]

Yes, of course, we need altcoin, because it can make us have a good profit. And we can have some extra financial aside from our job. And this time altcoins are really in demand. As you can see it on news or internet.
altcoins are very important in terms of trading because bitcoin can lose value when all altcoins are disappear. Altcoins serve as pillars of bitcoin, to be stable and not collapse.

[reversemartingale]

If theres no altcoin that exists today BITCOIN IS LONG DEAD. altcoins are food for the king.

[mashina65]

I think one of the best ideas is to neutralize the wealth that can be obtained here. Some altcoins have their own specific functions .

[kristinkamal01]

Of course, what you need, of course, a lot of them are fatal and will not exist for a long time in this market, but there are many good projects that will help you to make good money.