Bitcoin making alts useless

[sunX3]

I don't think btc is making alts useless.

If anything, as btc grows, more people seek to invest in smaller more volatile coins that can 10x. Hence, making them more useful if anything.

[Watampone]

i think thats not true, bitcoin is most popular and king of cryptocurrency but isnt making alts useless
alts like ETH, NEO is really good, faster and cheap fee, just matter of time till other alts beat BTC

[De_nis]

I think it is necessary to distinguish a token as a share of the company, and a coin means of payment, so altcoins of the best projects will always be in demand.

[marks1976]

Is bitcoin going to be instant and free like XRB? No.

Is bitcoin going to support smart contracts like ETH and NEO? No.

Is bitcoin going to pay you for holding it like NEO, VEN, XLM? No.

Is bitcoin going to pay you exchange dividends like KCS and COSS? No.

Is bitcoin going to be completely anonymous like XMR? No.

Is bitcoin going to have the business partnerships of VEN, ICX, WTC, REG, OMG?

Lightning network will it make it a bit faster and a bit cheaper. There's a hell of a lot more to blockchain technology than being a bit faster and a bit cheaper.

The only positive thing that came with BTC in last time is lower transaction fees. BTC is still slow and I avoid it. Have most of my portfolio in alternative cryptocurrencies. ⭐️

Bitcoin offers only to be an actual payment. But all of the things is very true. Bitcoin looks become useless compared with those coins which have better scalability than it. Lightning network didn't give a lot of impact to the bitcoin. Look at segwit and does it solve the problem of bitcoin? I remember blockstream believe about segwit will become the best way to fix it.

[goncalvopietro]

Bitcoin will always be the king of the crypto currency world. This will continue for a long time. Altcoins aren't as strong as Bitcoin.

[needctrl]

Everybody is predicting something will happen to BTC. The flippening, or major loss of dominance and so on.
But as long you'll have to say the word "similar to bitcoin" after "cryptocurrency" to explain to outsiders what the hell you are talking about BTC is king

[peleng]

Bitcoin will always be the king of the crypto currency world. This will continue for a long time. Altcoins aren't as strong as Bitcoin.

Yes it is. But you can always exchange your favorite altcoin for bitcoin and after that you can spend your money. And besides, in many places that accept crypto currency, you can use ethereum to pay off.

[Victor Beckham]

Bitcoin will always be the king of the crypto currency world. This will continue for a long time. Altcoins aren't as strong as Bitcoin.

That is true. But Bitcoin is not making altcoins useless, because we still need altcoins. They solve different problems and have different use.

[pedropendukot]

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

For me altcoins are just temporary investments,these alts can be worthless anytime soon when bitcoin's lightning network is fully implemented,most of these shitcoins that doesnt have any good working product/services wouldnt survive if bitcoin's price surge up to $50k or more because they are measured by satoshi,if bitcoin's price would increase exponentially surely these alts would be worth less than one satoshi.

[kier010]

i think the same too. here in my country only bitcoin can be exchange in fiat in our local exchange and no other altcoins despite of their popularity. this just means bitcoin have gain momentum and starting to get more popular. even though altcoins have their own uses they can't outclass bitcoin.

[JohnMacZeppelin]

I think that you can buy any altcoins because if the market still decides to go up, then each coin will have to add 10%, which in the end will affect the overall market capitalization, which should be about a trillion dollars

[pooque]

We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.

So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?

Bitcoin's dominance is why these altcoins wont grow like bitcoin,because these big players are holding most of the bitcoins in the market.Surely they wont allow any coin to replace their billion dollar investments easily.If there will be some switch or flippening to happen it will ethereum i bet,but the switching would be not easy because invetor's feelings would be scrumbled that they wont overcome the switch if there will be any.

[Red-Apple]

i don't think any of bitcoin's advances are going to make altcoins useless.
well the way i see it is that altcoins have 2 usages:
1. to be pumped and dumped. which will never die no matter what bitcoin does!
2. to explore this technology in new ways. and this will not die either. there are a lot of innovations in this market among different altcoins. granted they usually turn to shit but we can not deny the interesting innovations. they can be small things like what LTC did with changing mining,... or bigger things like changing the PoW to PoS and now these new ones taking advantage of DAG technologies.

that is why i have a love-hate relationship with altcoins

-snip-

the only thing that your comment shows is that you do not know anything about anything. i suggest educating yourself a bit more
OmegaStarScream already covered them in details so i won't repeat it.

[Sundark]

Bitcoin for a long time will remain the most expensive coin. I'm sure and its value directly affects the altcoins. It is obvious. Altcoins need a hype. Ripple almost shifted the Ether the same way.

[ItBeginInAfrica]

I would not say ALTs are getting useless by the end of the year, that sounds too much to me.
But Bitcoin dev team is huge and an all star team for sure, so I would expect not many ALTs will
have an important role in 5 years from now (probably not more than 10-15)...and of course, BTC will
be in a pretty dominant position by then

[clarkt]

I do not think Bitcoin is making Altcoin useless on the contrary Bitcoin is serving  as springboard for quality Altcoin.  The popularity and the premium pricing of bitcoin is making people all over the world and corporate entity to look for Altcoin like Ethereum etc.

[Vit83]

There are too many coins now. Imho most of them will disappear in the nearest future. Only strongest will survive. We will see lots of delisted coins and tokens in the nearest future.

[Zadicar]

Is bitcoin going to be instant and free like XRB? No.

Is bitcoin going to support smart contracts like ETH and NEO? No.

Is bitcoin going to pay you for holding it like NEO, VEN, XLM? No.

Is bitcoin going to pay you exchange dividends like KCS and COSS? No.

Is bitcoin going to be completely anonymous like XMR? No.

Is bitcoin going to have the business partnerships of VEN, ICX, WTC, REG, OMG?

Lightning network will it make it a bit faster and a bit cheaper. There's a hell of a lot more to blockchain technology than being a bit faster and a bit cheaper.

There would be always advantage among those altcoins over bitcoin when it comes to feature and its capabilities but we cant really deny that bitcoin would really still remain on the top and a big community do still believe on it.People might engage into those altcoins you do mention but yet I'm sure they are still storing up or using bitcoin. We do know its flaws but same as OP said we do further even see its adoption rate and usage.

[BlockchainGod]

I think you're not exactly right. Many altcoins are unique, and have the functionality that bitcoin does not have. For example-Ethereum, it has smart contracts that are not yet provided for in bitcoin. Monero - it gives you the anonymity that can give bitcoin etc.

[brotherwood12]

i think yes , because the famous  name "Bitcoin " then if bitcoin fall or rise rapidly another alt coin 90% will drop and like lost their  foundation to keep the price up