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

[fattyforhire]

Altcoins now really appears just a huge amount. But are they all promising? Of course not. Among these projects, only a few are worthy of our attention.

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[Sanjida]

In my concept the market is for bitcoin and nothing more.because it is still costly and worthy than other altcoins.bitcoin will master every transaction.so altcoin's can not bitcoin's existence it will be very difficult to shift it.

[minhlee95]

It is difficult to count how many coins there are. But none of them will be able to surpass bitcoin, because all these ideas can no longer be unique, since bitcoin was created first.

[jademaxsuy]

    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

No but it is the opposite because this altcoins are really helpful for the crypto market to be lively that includes other crypto as well. When one new altcoin introduce to the market it will be paired for trading depending on its platform (usually ERC20). The trading pair will act as a receiver for when an investors will going to pull out his/her investment on that coin. Literally Ethereum is one alternative coin for bitcoin whatever good it may had it will reflect also to bitcoin.

[rtm125]

No, the more they are created, the more their value is reduced. Very few really good projects that can somehow improve the world. Therefore, at the moment bitcoin has no competitors.

[moneyangel]

    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

No...as bitcoin is the main currency in crypto all of the alts will depends on the bitcoin price and this is the reason that many investors and traders will invest in bitcoin.

[Anderson_smash]

The altcoins have a long tradition in the Bitcoin community, but tend to cause a controversy between those who think they are useful and those who think they're all scams. One view is what keeps Daniel Krawisz, of Satoshi Nakamoto Institute, who argues that altcoins have no chance of success and distract potential users of Bitcoin, while on the other extreme are many supporters ethereum, ensuring that platforms like Bitcoin and ethereum can work together.

[CryptopreneurBrainboss]

   
    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

The only negative impact will be the negative reputation they will give to cryptocurrency in general. When this altcoins turns out to be scams it gives a bad impression towards Crypto. Bitcoin will always be king that no shitcoin can over thrown. Bitcoin will dominate the crypto market and it's dominate will increase with time because many will realise their mistake of choosing shitcoin (that scam them) over bitcoin and mend their ways.

[sukoyomi]

in my opinion, with the many new altcoins appearing, it will be better. because with the ico project, means that cryptocurrency will become increasingly popular, and people will be very confident that bitcoin has a bright future.

[LyQaN]

We can't give an exact statment about this.Maybe altcoins can become a threat to Bitcoin's existence or may be not.Crypto market is very unpredictable.So we can't say what will exactly happen in the future.Many coin's are available in the market but still Bitcoin is dominant of all.We are observing that many coin's are growing on a decent rate so maybe in future some other coin overpower Bitcoin. But I feel that it will never happen. Bitcoin will always lead the cryptocurrency market.

[Malam90]

Many new ICO projects are coming and enter into the cryptocurrency markets i agree but it is not threating to Bitcoin at all. Cryptocurrencies are the supporters of Bitcoin and Bitcoin dominates all coins.

[Galaxyfrop]

Altcoin being a threat to bitcoin is just an ambitious move of every altcoin as they're all dreaming that one day they will be on top. Nonetheless, no one will and ever replace on where bitcoin is. The fact that even a lot of bitcoin fork coins were born, trying to imitate what bitcoin had, they even won't touch the bottom of bitcoin

[maksimukr1989]

If there is a demand for altcoins more than bitcoins why not.They can become a threat to the existence of bitcoin.Nothing is eternal under the moon!

[gabmen]

Many new ICO projects are coming and enter into the cryptocurrency markets i agree but it is not threating to Bitcoin at all. Cryptocurrencies are the supporters of Bitcoin and Bitcoin dominates all coins.

Yeah it's the other way around even. Btc affects alts whether in a positive or negative way but alts, whatever their numbers are, will hardly affect the way btc moves. For now that is. That's how dominant btc is in this cryto market.

[Ayush rana]

yes it can be threat full for bitcoin because Crypto market is all about popularity and product of particular project.
there are some coins which are actually competitors to bitcoin . But Bitcoin do have more dominant power than any other as of now

[pallang]

There are so many altcoins energung in the market but no one can ever beat butcoin they just stay at its back because we all kniw that bitcoin is still the number one and the most popular coins ever.

[doom553r]

for now. bitcoin is hard to beat.

[boltz]

Not at all. Bitcoin has nothing to do with altcoins and most of them are just following the bitcoin course. Just pay attention in what projects are you investing and what coins are you holding because there is always the risk that some coins can collapse and you don't want to be a holder of any of them.

[randegibran]

the negative impact of many ico projects alone is that there are more scam and unsuccessful projecks, I think bitcoin is still the best and will continue to be used

[maxreish]

Despite of having thousands of altcoins out there, no altcoins will gonna harm bitcoin. They will not replace it nor beat bitcoin. Altcoins are created to give chance others to atleast afford some kind of crypto coins aside from bitcoin. But this doesn't mean that they are created to destroy bitcoin.