Can too many Altcoin's can become a threat to bitcoin's existence

[Kprawn]

Look at it in this way, It will not matter if there are 5 Alt coins with 80% of the investment capital of Crypto currencies or 1000

 Alt coins with that same amount being spread across those Alt coins. The shitty Alt coins will not hurt Bitcoin, because they

do not draw investment capital towards it. The only Alt coins that pose a threat is the ones that are good. They will take a lot

more investment capital away from Bitcoin, than all these shitty Alt coins combined.   

Many of these Alt coins are bought and sold to make a profit and then this profit is used to buy bitcoins. 

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[qwerty12]

I see the replacement of Bitcoin as something that cannot be avoided. I always see someone always talking about "being the first" to apply services or technology. I think that person is not familiar with the saying; "First to market, first to fail". Current market prices are a reflection of BTC adopters who do not use coins for anything but trade.

[oceantiger]

Bitcoin is poles ahead of all altcoins. The best they can do now is to play catch up on bitcoin. I know bitcoin has some issues which has to do with scalability and high fees. But bitcoin will also be working on these lapses to mitigate it. Bitcoin has a chunk of the market share and it has the highest price in the market. Even if there will be a time any of the altcoins will attempts surpassing bitcoin that will be in far future.

[vv181]

Mainstream has aware enough about the Bitcoin position in the cryptocurrencies space. I don't think altcoin is a threat to bitcoin rather whole ecosystems. Fact show Bitcoin survive the BCH shill, and the flippening issue.

[MrRiuss]

no, i dont think so. bitcoin will survive from all of them 

[celtic99]

As it stands right now Bitcoin is too dominant on the crypto market, Maybe in the far future (10 years+) something better may come along but for the time being its only btc.

[Olayinka225]

Yes
True we can have an altcoins that can be a threat to bitcoin. But if that's gonna happen, I think such projects must have prepared well, put everything in place and most importantly must have find out where bitcoin is lacking and thr deficiencies of bitcoin then it can work on it. By then I think we can have an altcoin that can be a threat to bitcoin.

[cabron]

It would instead add value to bitcoin because in the end those altcoins are going to be paired with bitcoin but will also add value to the altcoins, this has to work both ways. BTC holders can invest to the altcoin and altcoin holders wants BTC depending to the kind of users, some are putting value to the newer project if it has the potential to add adoption in the market.

[cetald]

Altcoins do not pose any threat to bitcoin. Most of them have a completely different purpose. As for the Altcoins for payments, they will go into oblivion if bitcoin succeeds in solving his problems.

[Docnaster]

I don't think that they directly threaten Bitcoin, I think the bigger probably is that too many coins lead to the total market capitalization being spread too wide, making it very difficult for a single coin such as Bitcoin or even Ethereum to gain much ground as there's not enough money moving around. I think that if 90% of altcoins died, the market would be stronger overall.

[dogtana]

Bitcoin and a few fundamental altcoins can coexist and prosper. Each can have their own unique purpose. None of them is enemy to any other of them. It is clear though that 99% of altcoins will die off due to no usable purpose.

[lelylely]

Even though there are lots of altcoins and they always claim that their projects are the best, but in reality bitcoin is still the best. And from that it can be concluded that the number of altcoins will not be a threat to bitcoin, and in the end bitcoin will remain the best in crypto.

[becak mesin]

I start from the price of bitcoin itself. Basically, bitcoin prices are not influenced by other crypto currencies or often called altcoins. Because Bitcoin has a system and principles that cannot be copied by anyone, and the amount is very limited. So that makes the price of bitcoin is very volatile and unique.

Bitcoin exchange rates are influenced by market demand and supply as well as conventional currencies, the difference between conventional and controlling entities is that, while bitcoin is not. The bitcoin exchange rate is determined or influenced by the Bitcoin holder itself. The more people who store bitcoin, the more expensive it will be because the market demand or supply is little.

However, along with the development of the crypto currency, there are now many hundreds of smelly currency popping up every day, there are approximately 16 thousands recorded. So that makes investors who have capital a little more interested in buying or storing altcoins than bitcoin. This certainly has an impact on the bitcoin exchange rate, because of the reduced market demand for bitcoin. So that makes the price of bitcoin will certainly decrease.

so according to my understanding, I hope the masters can provide more explanations to improve my understanding of this topic.

[emmybd]

It is true that many ICOs are coming everyday, but most of these would fail in future, so i don't think that too many altcoins would pose a threat to the existence of bitcoin. Bitcoin is a well-established coins, so new coins wouldn't match it.

[coincrag]

One way to gauge the "threat level" is by looking at Bitcoin's dominance in terms of percentage of total market cap.  As of today, BTC has around 55% dominance over the rest of the altcoins.  Back in January, the threat of altcoins seemed quite real and alarming while Bitcoin dominance was as low as 32%.  Even then, Bitcoin continued to exist.  One thing to watch out for in the future is if any altcoin overtakes Bitcoin in dominance.  The closest one I've seen almost do it is Ethereum back in June 2017.  If such an event ever came to pass, Bitcoin would still continue to exist.

[burky155]

No, i wouldn't say that in any condition. The Bitcoin is the first and the most powerful coin ever. Also the Bitcoin has the %57 market cap so it has big dominance. There are 1000s of altcoin, unfırtunately most of them worthless with the last market lost. So no coin can race with the farthers of coin "The Bitcon"

[semes]

I disagree with you. On the contrary, Bitcoin threatens the existence of other crypts. Bitcoin already occupies almost half the market as dominance.

[javadsalehi]

I don't think there is a competition between bitcoin and altcoins. Every legit cryptocurrency  has its own purpose. Even if a coin is supposed to replace bitcoin, it's not bad. It can only replace bitcoin if it's better than bitcoin.

[Timmzzy]

I don't think any of the altcoin is a threat to bitcoin definitely all of this coin sooner, we will know which will stay and which will survive the race.

[Escf4]

I do not think so , even how many altcoins surfacing in the market it will bot conquere the popuplarity of bitcoin, the more and more altcoins makes them weak because they are competing with each other while bitcoin is already stable and establish in the market cap ,so it would not be treat for bitcoin the many altcoins.