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Author Topic: Will Ethereum/Altcoins Be Valuable Or Relevant without Bitcoin?  (Read 555 times)
RetiredPlanBTC
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August 07, 2018, 06:41:08 AM
 #41

Most probably not. We all need a standardize method to measure others. I think BTC will always remain there to be the standard crypto and not going to collapse any soon. But your thinking is legit and appreciable.
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badaovodich
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August 07, 2018, 11:07:19 AM
 #42

Bitcoin and Etherum are not a standard gauge for buying another Altcoin, we see more and more coins appear to be standardized like Binance Coins, USDT, TrueUSD. These types of coins do not have to be high or low.
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August 07, 2018, 11:13:38 AM
 #43

Today bitcoin is the logotype of all crypto currency. If they talk about crypto-currencies, it's necessarily about bitcoin. The popularity of bitcoin is evident today. But as for other projects, it seems to me that they also can have value without bitcoin.
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August 07, 2018, 04:43:50 PM
 #44

If Bitcoin disappeared now the world will think this is the end of cryptocurrencies because it is that important to the cryptocurrency market which is why Bitcoin price variations effect other currency prices due to its important role in the trading market and the image it has in front of the common and financial public.

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August 08, 2018, 08:35:58 AM
 #45

For the very first I can say that I cannot imagine the cryptocurrency world without bitcoin it is the same as to say that worldwide currency would function without dollars, it is insane for now, maybe in future.

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cryon888
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August 14, 2018, 02:05:30 PM
 #46

In my opinion the alts are very dependent on bitcoin, bitcoin slipping, and 80% of them are affected. But they still play the role of normal trading. Its worth it too cheap.
blingow
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August 16, 2018, 11:36:33 AM
 #47

I wouldn't want to think of the cryptocurrency world without bitcoin, but in a case where it happens that it ceases to exist, I think that ethereum and other altcoins will still succeed. While the process might be challenging and probably more difficult for them, at the end, they will scale through, and do just fine without Bitcoin. So yeah, altcoins would still be relevant without bitcoin.
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August 24, 2018, 02:40:52 AM
 #48

Other currencies like Ethereum stellar would exist in the world without Bitcoin but without these kind of demands that currently they posses because Bitcoin has taken the world attention  as a cryptocurrency immensely as the first virtual currency so others cryptocurrencies didn't have to bare that much of weight during the launching so for other currencies to exist Bitcoin existence is essential   
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August 24, 2018, 03:47:30 AM
 #49

There won't be any cryptocurrency without Bitcoin because it is the first to introduce the digital currency concept to the world and then new currencies like Ethereum, NEO and other followed and more and more coming to the crypto world every year but it all started from invention of Bitcoin so it is significant to the cryptocurrency world   
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August 24, 2018, 03:53:26 AM
 #50

Other coins and tokens hugely rely on bitcoin's price. If bitcoin goes crashing down to triple digits, the cryptocurrency market as a whole will definitely be hugely affected, but it doesn't mean other coins/tokens will be render them useless. It's just that they will be extremely cheap.

If bitcoin goes to $100, it's still the same bitcoin that can be transacted freely. Same with ETH and other non-crap coins/tokens.

Price =/= utility


Now ethereum and other altcoin still dependent on bitcoin. When bitcoin price goes down so does altcoin. Its so hard to replace or even level to bitcoin right now. But I think if ever bitcoin happen to crash down I think altcoin can definitely useable as replacement to continue crypto currency.
Denbella
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August 24, 2018, 03:59:00 AM
 #51

Every altcoin are dependent on bitcoin. Anything that happens to bitcoin will effect on altcoins either positively or negatively because bitcoin controls the crypto market. So,  altcoins will not be valuable if bitcoin is not vice versa.
AAKODI
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August 24, 2018, 08:27:55 AM
 #52

It can be and Ethereum/Altcoins will be valuable or Relevant without Bitcoin but it might take more years for them to achieve such vision in this world because as the first digital currency in the world Bitcoin was able to face every political, Economical and social problem from the rest of the world and expand all over the world so other currencies didn't have much problems or didn't need much effort to introduce them self as cryptocurrencies because Bitcoin did all of that and that is the reason even other currencies can exist without Bitcoin the demand and users they have gained today will be absent without Bitcoin     

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August 24, 2018, 08:29:42 AM
 #53

It hunk it would be too soon to think that alts can survive without BTC. They are still dependent on Bitcoin - but in the next years only few alts will survive and then we can talk again.
Mishael
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August 24, 2018, 08:36:14 AM
 #54

How could an altcoin without bitcoin be valuable?
The beginnings that live are bitcoin, so that is impossible. But ethereum became an altcoin that was able to accompany bitcoin with this best-selling platform in ico.
CuriousGeorge
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August 24, 2018, 08:38:28 AM
 #55

How could an altcoin without bitcoin be valuable?
The beginnings that live are bitcoin, so that is impossible. But ethereum became an altcoin that was able to accompany bitcoin with this best-selling platform in ico.
It's possible if you have seen the fundamental support of ethereum. Some countries have been using it to create their dapps on the ethereum platform while they can't do that on the bitcoin network. This gives the different value to the ethereum and how the ethereum manufacture can be used by so many parties. this will give ethereum a value even there will be no bitcoin.

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imagecrypto
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August 24, 2018, 12:13:31 PM
 #56

Altcoin without Bitcoin is like the people left by the leader. They are still alive but their position will not be strong. Because they are weak, they will be left by investors. Because in my opinion the center of crypto trading is bitcoin.
Sharingjoy
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August 24, 2018, 12:25:07 PM
 #57

I happen to be in a group that has to be with Bitcoin or cryptocurrencies in general. There was an argument recently, for and against, about the fact that non-existence (if possible) of Bitcoin would render or make Ethereum (and other altcoins) useless.
The stronger argument which is for Bitcoin had it that if it happens that there was no Bitcoin again, other coins/tokens would also stop having values. They might justify this because bearish trend in Bitcoin affects almost all other, and for other related reasons.

In my own knowing, I knew that Bitcoin came on the scene the first, and that the idea of it inspired Ethereum second, which gave platform for many Ethereum-based tokens, and there are also other platform-based tokens also like Wave, Stellar, etc
Could all of these starting from Ethereum still exit or useful if Bitcoin wouldn't be any more?
The answer to me is in affirmative, but can anyone lecture on why not?
Insightful answers please.
The crypto currency has been based on bitcoin as all exchanges will convert all prices with reference to bitcoin. Any downfall of bitcoin price will affect all crypto and this proves that altcoins will not survive without bitcoin.
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August 24, 2018, 07:30:10 PM
 #58

I think they would be since bitcoin is the reason that these coins are in the market anyway. Imagine if a coin like bitcoin ends up dying out, that would be a disaster for all of the coins since no one would trust cryptocurrencies if it turns out that its best coin ended up dying out. So no they would not be relevant if bitcoin were no longer here.
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August 24, 2018, 07:38:30 PM
 #59

Actually each coins were working on their own platform so if there is some coin not present the other coins can do its work but lets think practically bitcoin is the coin which makes the people to invest on the crypto currencies if the bitcoin lost its value then they will invest?!

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August 24, 2018, 07:40:04 PM
 #60

Though the price of most altcoin depends on the price of bitcoin as it is the oldest but I believe in the long run after some few years, this altcoins will also be very potential and they will be able to stand on their own and control their own price.
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