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

[kolsernik]

I think there is a possibility that bitcoin may be replaced by some altcoin.There's nothing wrong with that.And this should not be excluded.

[Spaffin]

A lot of different altcoyins are not a threat to bitcoin. Rather, if people see the usefulness of altcoyins, they will certainly learn about bitcoin. In themselves, altcoyins, based on tokens, are used in completely different areas of our lives and generally are not in a position to interfere in any way with bitcoin.

[amar786]

alt coins can never be threat to bitcoin. now days thee are too many companies are launching block chain technology but non of them are trustful than existing companies are. and bitcoin is the mother of all currency and probably the first cryptocurrency. yeah alt coin can effect btc value but not too much.

[josephdd1]

I think having too many altcoin does indeed affect the bitcoin market because it would diminish the overall market cap and thus depreciation in the coins that are worth more value.

[Vickyrichy]

Bitcoin is like the digital currency backing all atcoins. Most ICO project prefer that people purchase their coin with bitcoin, meaning bitcoin is kinda the backing currency to their project. This indicates  that, Altcoins are never a threat to bitcoin.

[Kat_messy]

I don't think that it can make any impact to bitcoin. Every coin or token is different and it will solve different problem or industry in the future. The good thing is, when more and more projects go live, there are more people getting to know about crypto and this will raise it's demand.

[Filthy1]

I personally dont think alts will threaten btc. BTC is the king and will remain the king i also think that with regulation that will eventually occur you will see decrease in shitty alts and only the strong real world use alts will survive.

[mensahkkofie]

I believe the motive of most of these altcoins are as the result of the success story of bitcoin and blockchain technology. The popularity of blockchain technology is on the rise now and as such, many more companies wants to tap into the success story of bitcoin. I believe this is no threat to the supremacy of bitcoin but great addition to blockchain technology.

[drmasa]

They can't be bad, they are good for spreading the word about crypto! A lot of different projects are path to a lot of different users. Not everyone is interested in only sending virtual money so they dont get deep in the matter!

[btcprospecter]

There are a lot of altcoins out there and they can have a negative impact on bitcoin as everything invested into an altcoin could have been invested into bitcoin. It is good to have choice in coins but it does not help when they don't really bring anything new to the table.

[AniviaBtc]

    More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
    Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

I guess altcoins can't, just think about what bitcoin brought few years ago its been always the great of all time. Also the trust from the investor, would do investing on a new altcoins when there is something big about bitcoin? just think about the big scams most of the ICO did, do you think that would be enough to transfer the crown from bitcoin to another?

[Singbatak]

This will affect bitcoin. But for a short time, these altcoins will also be forgotten and bitcoin investors will be back.
So, as long as we have the chance we will not waste it, we take advantage of today's cheap price of bitcoin. Because the price of bitcoin will definitely increase in the coming years.

[Prostoper]

NO, The market might be over crowded with useless alts of bitcoin but in the end,

People know what to choose, that's why bitcoin still has the largest market cap of all the cryptocurrencies in existence.

Also, most experts and giants in the field are acknowledging bitcoin more than any other coins,

which gives traders confidence on the coins they picked, hence why the volume is still large even though some coins are gaining traction.

As for the legal side, many countries are starting to draft their own regulations and laws regarding bitcoin and cryptocurrencies.

Japan is a fine example of bitcoin's legalization, and other countries would sure to follow suit.

[Rahman11]

Bitcoin is still the most usable coins. Any coins exchange with bitcoin! So it is said that new coins have no effect on Bitcoin market value.

[KesoNie]

There are a lot of altcoins out there and they can have a negative impact on bitcoin as everything invested into an altcoin could have been invested into bitcoin. It is good to have choice in coins but it does not help when they don't really bring anything new to the table.

The growing number of altcoins that been made can truly affect to the existence of bitcoin. Aside from the fact that it may become one of the rivalry of bitcoin in the market this might be also one of the reason for the confusion of bitcoin existence if it would continue to materialize or it would stop from being on top.

[bbcolex]

    More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
    Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

I don't think its a threat since almost all of altcoins depends so much on bitcoin price, and there main functionality is to serve as an alternative to the original one which is Bitcoin. Though some coin has the potential but mostly they serve as a utility coin or token not as a currency.

[Dudeperfect]

I have always believed that each and every coin has its own philosophy and that's how it works. Bitcoin is solving the issue of peer-to-peer transactions without paying high transaction fees or waiting hours to get transaction confirmed. On the other hand, there are good alt-coins solving a different kind of issues but I don't see any other coin having that potential to replace Bitcoin at least in the coming years.

[OpenCryptoSystem]

Many altcoins will falll.
Hold your btc and eth dont give away for worthless tokens your btc and eth.
Because look the main cryptocurrency sellers are the ones who run ico-s.
So you buy coins from them and then you give back to them.
Altcoins most of them are rubbish.. eth and btc are the best.
Eth and btc price will go up 100%
Orher coins are just rubbish.
If you hold some worthless altcoins you are loser.

[Irvinn]

In my opinion, the appearance of a large number of altcoyn can not damage the bitcoin in any way. With the advent of a new variety of altcoins, the common interest of people to the crypto currency is growing and this also positively affects the popularity of bitcoin as the first crypto currency. I believe that we need the altcoins, even if a significant part of them are useless. All of them will be weakened by the crypto-currency market, only useful and promising ones will remain, and thus, the whole of the whole country will develop.

[invincible49]

The situation is totally reversed from your suspectaion. It is the Bitcoin which is the sole reason why most of the Altcoins and tokens are existing. Some of the altcoins are quite good with thier transaction speeds and low fee. But it is yet to be seen the wider acceptance of those altcoins. Some altcoins may co-exist with Bitcoin and we will see some losing people's interest and value along with it.