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

[Gontxi]

    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 the same as you, I think agree almost every time there is a new altcoin emerging from the ICO, but that won't affect bitcoin in a big way. it is precisely bitcoin that will greatly affect all altcoins that have been traded. I just want regulations that can limit ico, for ico who doesn't have the opportunity and tends to just make money quickly, that's what we have to prevent.

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[Asawakobana2017]

    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 the same as you, I think agree almost every time there is a new altcoin emerging from the ICO, but that won't affect bitcoin in a big way. it is precisely bitcoin that will greatly affect all altcoins that have been traded. I just want regulations that can limit ico, for ico who doesn't have the opportunity and tends to just make money quickly, that's what we have to prevent.

Yes I agree on that, I also see from the past few years that there are so many altcoin from ICO but the price of the bitcoin stand still. I believ ethat bitcoin is the most powerful coin on crypto feild and no other coin can affect it. So if we talk about altcoin i see that it is potential coin but it is still depend on bitcoin status.

[Stavr1992]

It is unlikely that a large number of altcoyns will prevent the bitcoin from staying afloat. Bitcoin is now the most valuable crypto currency, and over the years its popularity will only increase

[Olalomi]

Honestly I was overwhelmed with the numbers of altcoins when I checked binance, cryptopia, idex and coss exchanges these coins are too many and cut across different projects however their existence cannot be a threat to bitcoin considering the fact that most of their values which in most cases are relatively small and worthless and competition among them is likened to survival of the fittest.

[Escan0r]

    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

It's precisely because more and more Altcoins I think other altcoins will die if they don't survive. Because it is very difficult to survive in this crypto world. Therefore, what is harmed here is another altcoin.

[kerjakuat]

in some way it sure make a negative look to bitcoin as lot of these day altcoins are scam. many company'sare trying to make a easy money from it and disappear just like that after the ICOs. so yes the impact will sure goes to bitcoin cause investors feel didnt safe to keep bitcoin so long and being scam after that.

[maflec0713]

Hi. I don't think altcoins can be a threat to bitcoin for even many ICO projects revolving nowadays, bitcoin is still the reference of those altcoins. I think there is no effect in bitcoin even there are many altcoins are growing and those altcoins that cannot compete the trend of bitcoin are sometimes slowly disappearing in the market.

[Cryptogid]

I don't believe any altcoins or even all altcoin can over take bitcoin position, how much more being a threat.. Bitcoin is still the bomb.

[AAKODI]

At the moment literally, none of them is a threat to Bitcoin. And as it seems none will be. Most of them will disappear sooner or later.

Yeah most of them might disappear but the thing is there are some backed by very reputed companies in the global trading industry so son't you think that will be an advantage for other currencies over bitcoin and unlike nine years ago we have to admit that today software development methods are much advanced and with that can some of alternative currencies grasp the business market because of there technological advancement and the benefits they can provide for there users with it 

[AAKODI]

I don't believe any altcoins or even all altcoin can over take bitcoin position, how much more being a threat.. Bitcoin is still the bomb.

Most people say that in the thread I might be wrong but I think we are too soon to decide that because looking into the crypto market anything is possible. But I appreciate your confidence

[Slow death]

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.

Peoplestoken.org - Scam

[ICO] ADVANCE REAL ESTATE - SCAM

[SCAM]- AIRCRAFT ICO - Fake profil, identity theft

Lately number of scam ICOs has increased greatly and this is spoiling the image of the crypto market

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

do not worry because many altcoins are just shitcoins

[AAKODI]

It can affect the bitcoin price on someway, the investors who supposed to be invest in bitcoin will become splitting their investment into alt coin, but it can't harm too much, because in the end people will back to bitcoin, and because of the abundance of alt coins that appear in the market, the altcoin become weaker

Yeah most do that and most even invest in altcoins to gain short term profits to increase there bitcoin assets but there is a huge range of alcoins that are introducing every day so I am curious can one currency like bitcoin which was developed nine years ago with that technology can with stand such advanced digital currencies that are introduced today. I am not a blockchain technology expert but we can agree that at least for some extend the technology must have been improved until today so that is why I though altcoins might have some winning qualities than bitcoin in many areas and that can decrease bitcoins market share and I still think that

[AAKODI]

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.

I agree with your saying and there is nothing to blame bitcoin because it is a great digital asset still but the people who uses only use it to gain profits through investments and there is no considerable level of business adaptation that I see so its qualities and features are in vain wasting between wallets and exchanges

[ofelia25]

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.

I agree with your saying and there is nothing to blame bitcoin because it is a great digital asset still but the people who uses only use it to gain profits through investments and there is no considerable level of business adaptation that I see so its qualities and features are in vain wasting between wallets and exchanges

That is right, there is no way that an altcoins are threat for the existence of bitcoin we all know their differences so I would say that there is no effect with it.

[waitforme]

This is a challenge that Bitcoin must overcome if it wants to win all of Altcoin. To stand on his throne, Bitcoin needs to defeat every Altcoin. If you believe Bitcoin can do it, hold it over time to make a profit. Believe in your choices and do not doubt your choices.

[randegibran]

Seeing this, in my opinion, a scenario that occurs when the price of bitcoin falls, many altcoins will not last long, and most are scame

[CryptoToxicAvenger]

Bitcoin for many years remains the most popular cryptocurrency and nothing threatens him yet.Possible to appear a coin, which will make him a worthy competition, but so far there are none.

[pumbum]

all altcon eventually moving into bitcoin, because if they didn't produce results, then this coin sell everything

[OpenCryptoSystem]

In my opinion wich coin will win the race
The coin with limited supply and with fastest transactions with the lowest fees.

Bitcoin i guess will stay as asset, i guess the bitcoin will become like central asset between others.

[Elerntta]

Now there really is a huge number of cryptocurrencies, but not all of them are credible. Therefore, while bitcoin is not in danger.