Do we Need Altcoin?

[$9million]

Yes. We need altcoins in our daily lives as bitcoin. Altcoins have the potential of becoming great coins in the future. They are promising coins and are meant to stay. They will survive in this future and the next.

[lorapalmer]

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?

We need other altcoins to increase the assortment for investors. People can find the right fit for their wallets, terms, and goals. If person want to invest just 10$ they need to have an option. Some altcoins are very pricey or unsuitable for the long-term investments.

[sallasvve]

Behind every project is an idea and a team. Of course, most of them will die in 2 years, but some will realize their plans, and may fall into TOP 5

[yatogami]

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?

Each of those alts is designated to support some new features of blockchain no matter if they are related to the speed and cost of transactions or present an absolutely new vision of the technology.
Personally I am really eager to see the implementation of the promises given in the road maps of numerous projects (like several thousand txs per sec or terabytes of data being organized in such a manner that excludes the possibility of their alteration). We do not necessarily need 2 thousand coins, but 20-50 tokens of most successful projects may become the leaders of the market.

[ololajulo]

The concern will be to projects with similar products, when we have 20 projects with similar products, how do we expect all to perform maximally in the same market. Ethereum already has projects with similar idea and better product, it is a big concern coming in years. In the future the stronger product will excel.  

[CapnBDL]

I think we need only leading coins because everyone else can die at any time, only a few will survive, the most important thing is to identify these coins, which is very difficult to do.

[Omnopon)]

I am not against innovation, because it is totally necessary for any economy, the problem comes when you create many alts that are the same, for example, we already have bitcoin cash, bitcoin, now a new fork, then dash and although they have slight differences, practically have the same purpose.

In my point of view there are too many altcoins on the market. This is not a problem or maybe this is a problem for young inexperienced users. In any case these small unknown cryptocurrencies will fade away within the time.

They will, of course, vanish, but we still need altcoins for developing ways of using the technology of crypto and blockchain.

[aprilnot]

yes we really need it because each altcoin has its own function. if we want to make the world support Cypo the first thing to do is to integrate everything with the blockchain. so we need a lot of altcoins in the future.

[James678]

Definitely we need altcoins to develop industry.
Bitcoin isn't enough for us to see a growth of crypto currency and possible mass adoption

[Blondoar]

I am not against innovation, because it is totally necessary for any economy, the problem comes when you create many alts that are the same, for example, we already have bitcoin cash, bitcoin, now a new fork, then dash and although they have slight differences, practically have the same purpose.

In my point of view there are too many altcoins on the market. This is not a problem or maybe this is a problem for young inexperienced users. In any case these small unknown cryptocurrencies will fade away within the time.

They will, of course, vanish, but we still need altcoins for developing ways of using the technology of crypto and blockchain.

The vast majority of alts will not survive because the platforms they operate on will not survive, either because the team doesnt manage it well, because the bear market takes too long so they run out of money, because a competitor is better, ...

[cathat]

Certainly. If Bitcoin is the element that attracts new people to the sphere, then altcoins give the variety that more confident investors need.

[musaonliner]

Actually it's up to you, if you want trading then you need altcoin. If you won't trading then no need altcoin.If we need earn then must need altcoin. We  get much profit from hold altcoin and also less profit from day trading . 

[Yusuf77]

altcoin is very much needed because the price is also quite high for investing or trading to make money. lots of good and profitable coins we can choose according to our wishes.

[seo-maestro]

I buy and HODL alts because some of them will have the bright future like Amazon or Google and I want to be the happy holder of that bag Altcoins give us the chance to become rich in few years.

[Wyndesam]

Of course we need altcoins, now there are very few projects in which the product helps people, most of the coins are just created for speculation and no more

[Snaic]

The basis of cryptocurrency are tokens. Despite their significant percentage of uselessness, tokens will play a significant role in popularizing cryptocurrency. Bitcoin is actually only created as a means of payment and does not have any additional functions. Tokens just possess such diverse functions and in the future will greatly facilitate our life, make it comfortable and convenient.

[Rokot]

I think that many projects may interest people. But the crypto industry needs to evolve, and it is frozen now. People do not trust crypto.

[moschinot]

Of course, we need them because Altcoins help us solve problems that Bitcoin cannot solve.

[vasilisc555]

I believe that three hundred coins would be quite enough to trade and keep in long. Maximum about 2000 coins.

[langaw2018]

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?

The more the better, as we can see theres so many alts failed so we need so many kind of alts. Actually one of the thing why alts is very useful because the earning of bounty hunter is there via doing bounty campaign to advertise the project. So favorable on producing so many alts.