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Author Topic: Can too many Altcoin's can become a threat to bitcoin's existence  (Read 2571 times)
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October 14, 2018, 04:15:12 PM
 #341

I think it is not possible. I don't see any of them becoming a big threat to bitcoin. Bitcoin has a very strong influence on market prices. I saw if the price of bitcoin fall, then altcoins price also fall. If the price of bitcoin increases then altcoins price also increase. So we can say that bitcoin is life for all altcoins if bitcoin dies then all altcoins will die. And there is no need to worry about bitcoin because bitcoin stands on its own.

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NEERAJ ANAND
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October 14, 2018, 05:13:13 PM
 #342

No coin is a threat to bitcoin as bitcoin is the leader of this market and every new or old coin follow it. Many altcoins will disappear in future which are a pump and dump coins but bitcoin will survive forever.
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October 14, 2018, 05:33:08 PM
 #343

All possibilities can happen, the existence of a new Altcoin can also threaten bitcoin for the future, but until now I see that the price of bitcoin is still the highest, and I see in the crypto market that bitcoin transactions are still the highest too. This means that until now bitcoin has remained the best and I hope bitcoin will remain the best at any time by always improving the security system and transactions that can make all bitcoin users feel safe and comfortable with bitcoin.
Dominic_Johnson
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October 15, 2018, 01:10:27 AM
 #344

I don't believe so - alternatively, I believe that bitcoin is a threat to altcoins. In an area that outsiders are already wary about (until they jump in and invest), bitcoin is a familiar name that people are more drawn towards whereas all these 'other' altcoins are unknown and appear as even more volatile to many
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October 15, 2018, 01:29:51 AM
 #345

This was in my mind also. I think it has an impact to bitcoins price since the more altcoins being produced in market the more the volume of crypto investors be divided.Hoping there will be a halt on producing tokens everday.

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October 15, 2018, 02:22:55 AM
 #346

I don't think there is any threat anywhere that can affect Bitcoin. For now there is not one that can do that. I am saying its not possible but presently, its far fetched. The king Is still on the throne.

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October 15, 2018, 04:25:20 AM
 #347

I think the altcoins cannot affect bitcoin as they are by far less popular and the liquidity is too low. What can really harm bitcoin is that if a big country issue its own cryptocurrency and gives it the same legal acceptance as its own currency. But it should be very unlikely.
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October 15, 2018, 04:50:47 AM
 #348

Not yet, how much altcoin listed at the exchange market will no have effect for bitcoin it self, bitcoin could stand by self and make how altcoin price, when bitcoin on fire altcoin will be pump and at higher price.
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October 15, 2018, 04:52:01 AM
 #349

I don't think it will affect Bitcoin negatively since altcoins will also use Bitcoin as one of the trading pair in crypto exchange this may help increase the demand for Bitcoin.  And altcoins has usually unique service that may not hinder the growth of Bitcoin so for me the effect maybe more on positive rather than the negative side.
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October 15, 2018, 05:07:13 AM
 #350

Atcoins is already too many on the market.
Altcoins with better perfermance and functions.
But btc still #1 if alts can beat bitcoin its happened 3-4 years ago

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October 15, 2018, 05:10:17 AM
 #351

All possibilities can happen, the existence of a new Altcoin can also threaten bitcoin for the future, but until now I see that the price of bitcoin is still the highest, and I see in the crypto market that bitcoin transactions are still the highest too. This means that until now bitcoin has remained the best and I hope bitcoin will remain the best at any time by always improving the security system and transactions that can make all bitcoin users feel safe and comfortable with bitcoin.
That's right ... I think so. Many ICO projects that support ERC20 on the Ethereum platform will not have a big effect on Bitcoin but that will backfire for ETH because ETH only creates new tokens via ICO, when the ICO is not implemented then the ETH does not have the power to develop.

Whereas Altcoin has the focus of each work, it will not disturb Bitcoin.
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October 15, 2018, 05:49:40 AM
 #352

In a large number of altcoins, I only see a positive moment for the image of Bitcoin. A large number of cryptocurrencies will cause an increased interest in cryptocurrency as a whole, and thanks to this, people will know more about Bitcoin as the leader of cryptocurrency.
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October 15, 2018, 08:21:03 AM
 #353

many altcoins only focus on one of their products and they don't focus on blockchain and currency exchange system transactions. in the end it will still benefit bitcoin, however, altcoins that have the same concept as bitcoin have the potential to take BTC's volume at one time because they have CEOs and developers who continue to develop systems with far more perfect goals.


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October 15, 2018, 08:31:44 AM
 #354

I don't think it will affect Bitcoin negatively since altcoins will also use Bitcoin as one of the trading pair in crypto exchange this may help increase the demand for Bitcoin.  And altcoins has usually unique service that may not hinder the growth of Bitcoin so for me the effect maybe more on positive rather than the negative side.

Exactly mate. Well, as we all know bitcoin is a dominant crypto currency in which most altcoins relying on its value. I don't think it is a threat since as we know altcoins is very far on it's capability compare to bitcoin but in some point it will depends on the demand of many users but for me bitcoin is so great among other crypto currency here in the cyberworld.
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October 15, 2018, 10:19:09 AM
 #355

I don't think it's true that the more altcoins that are created will make the conditions of bitcoin prices and bitcoin circulation will become stronger and the altcoin will not be able to break down or threaten bitcoin, bitcoin will still circulate and bitcoin will still have very high demand.



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October 15, 2018, 10:26:25 AM
 #356

I dont think some altcoin affect the existence of bitcoin.. I just think that other coin is just trying to follow the bitcoin existence .. They just want to go with the flow of bitcoin to survive their coin.. Because we know that bitcoin is one o the successful coin
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October 15, 2018, 10:55:30 AM
 #357

I don’t think that something will work out for them, if only for the reason that the cost of bitcoin is much higher than all of them combined ... From which it follows that the cost of the main cryptocurrency is much more stable
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October 15, 2018, 01:24:50 PM
 #358

no, but they are definitely confusing newbies and potential crypto users who are non-tech.
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October 15, 2018, 01:37:55 PM
 #359

Of course not. The more altcoins will be there, the more life it gives to bitcoins because altcoins always uses bitcoins when buying and selling.
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October 15, 2018, 02:00:03 PM
 #360

I don't think so. Even there are so many altcoins in the market. Not all of them are good. Bitcoin is still the most dominant crypto in the market. And no altcoins has really post a threat to bitcoin. Atleast for now.

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