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

[iamaruf]

No,too many altcoins can't become threat to bitcoin existence.I think it is good for bitcoin.If altcoin become popular then bitcoin will be more popular. if you see the trading chart when bitcoin price dump altcoins price also dump.Actually altcoins depends on bitcoin.Though this is not true 100% but most of the time it happens

[Romeoetin]

They actually need bitcoin to survive. Most of their performance depends highly on the value and performance of bitcoin.

[stayeduptolate]

    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

Almost all the crypto currencies were introduced together say in 2009 and since then bitcoin is the only currency that has made such s tremendous progress and due to its massive success, bitcoin presently on the top of crypto ranking and millions of people around the world are now investing into bitcoin, though no doubt competition always brings some threat to the progress but not that much that it would endanger the existence of that and there is no doubt that bitcoin is very sustainable crypto currency and no one can endanger its existence.

[bitcoindusts]

Currently, there are altcoins, which are technically more successful and more convenient than bitcoin, but the capitalization of bitcoin does not become less. It is still popular, so I think that the situation will not change in the future.

Yeah, there's a lot of altcoins out there that is quicker than bitcoin in terms or confirmation time, but they don't care because bitcoin has enjoyed a lot of support from all of us.

So in a nutshell, they can't really put a significant dent on the price of bitcoin. We have like more than 1000 altcoins already and counting but bitcoin remains the dominant crypto's.

It's really incomparable as of the moment as bitcoin enjoy a wide pool of trust, support and activity from supporters and enthusiast. Bitcoin's value will be very hard to beat. We don't see any real competition right now when it comes to worth as bitcoin remains the most valuable by miles. The capitalization tells it all, there's no denying that bitcoin remains to be the most sought after crypto till date making it invincible to any threat posed by altcoins. Altcoins will never be a threat, rather, altcoins are paving way for bitcoin's improvement every time they come up with disruptive approaches such as faster confirmations, smart contracts, etc.

[bitfocus]

no, but they are definitely making crypto look bad to the common people.

[Arhaan10]

Bitcoin is forever the big guy every altcoin is looking up to. In the past, alot of  altcoins have marketed themselves with some sort of comparative advantage to Bitcoin. For instance, some altcoins have touted really faster confirmation times; others claim to offer privacy enhancements. But for some reason bitcoinn still remain dominant. Even though Bitcoin developers have focused on implementing their own innovations rather than responding to what’s going on with the altcoin market. Right now it wont affect bitcoin existence but hey nobody knows what will happen tomorrow.

[Udrujec]

I doubt very much that there is an altcoin now that would be better than bitcoin. Otherwise, everyone would be talking about it now and actively investing in it. So I continue to think of bitcoin is king of crypto-currency market.

[kwakufavour]

In my opinion, no other altcoin can be a threat to the King of all cryptocurrencies which is Bitcoin. Bitcoin is commonly known worldwide than all other altcoins as it paved way for the alts.

[Irvinn]

   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

You correctly noticed that tokens are  applied , as a rule, by separate business structures to increase the efficiency of their activities. That is, they do not overlap with the interests of Bitcoin and therefore cannot harm him. I believe that on the contrary, the increase in the number of coins and tokens will cause an increasing interest in cryptocurrency and at the same time to its leader. As for capitalization, in order not to lose it, Bitcoin must be improved on time and be competitive among other cryptocurrencies.

[nikola22]

no, but they are definitely making crypto look bad to the common people.

there are many good altcoins that attract investors and users. coins should come a long way from development to recognition and only few will become great.

[Jackolantern]

I don't think that there is anything that can prevent btc from the great success. To my mind, it is better to invest in btc now and wait until the price for btc increases and the market recovers

[bloodyvio]

    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
actually all altcoins or tokens depend on bitcoin
98% who have a pair to fiat is bitcoin to cashout
that's why if the price of bitcoin goes down then the altcoin too
bitcoin still dominates the cryptocurrency market for now

[nightfury]

It may make sense that some investors will shift some of their investment's fraction to go to another cryptos but at the end of the day, it's always been bitcoin that will dominate the cryptoworld. I also believe that most of these alt coins will not survive in the market as the competition gets tougher each day.

[wahyu5]

Their existence does not become a threat to bitcoin, because in fact in the cryptocurrency market bitcoin prices are always the basis for crypto price movements, each crypto is always moving to follow the bitcoin price movements. Thus, it can be ascertained that bitcoin remains a king in cryptocurrency and always leads the cryptocurrency market, for that the existence of altcoins and other coins will not be a threat to bitcoin.

[Clavulanic]

Their existence does not become a threat to bitcoin, because in fact in the cryptocurrency market bitcoin prices are always the basis for crypto price movements, each crypto is always moving to follow the bitcoin price movements. Thus, it can be ascertained that bitcoin remains a king in cryptocurrency and always leads the cryptocurrency market, for that the existence of altcoins and other coins will not be a threat to bitcoin.

I agree that bitcoin will always remain the king or all crypto, and it serves as the leader of all alts so no way for those other coins to become threat to bitcoin. They remained under the economy of bitcoin due to more trading sites we're exchanging most of the alts towards bitcoin market. Basically that's the reason why also bitcoin has become volatile during bearish market. When bitcoin dumps, alts also will perish on each price so all of a certain scenario really accumulated.

[OSYA]

    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.

[chikading2016]

    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.

I think there is no direct evidence that the altcoin can be a treat to bitcoin, because as what we all have seen there are to many altcoin today but still bitcoin is standing hard like it is really always the king of all crypto coin. So then I believe that there sis really a great big hope that bitcoin will rise up high someday.

[deppil]

Their existence does not become a threat to bitcoin, because in fact in the cryptocurrency market bitcoin prices are always the basis for crypto price movements, each crypto is always moving to follow the bitcoin price movements. Thus, it can be ascertained that bitcoin remains a king in cryptocurrency and always leads the cryptocurrency market, for that the existence of altcoins and other coins will not be a threat to bitcoin.

Thats right mate. how many altcoins that will arrive will not make a serious threat to bitcoin. instead it will make indirect promotions on bitcoin. because bitcoin is the basis for altcoin prices right? so people will use bitcoin indirectly. I think bitcoin will continue to be the king of cryptocurrency. no matter what happen

[anavir]

for me no,and it is answered so many times.Many altcoints have created but it still never surpassed the popularity of bitcoin.Bitcoin investor have trusted bitcoin before until now

[KingOfWinterfell01]

    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 is possible that a lot of these alt coins being released might be the next big thing that could overthrow bitcoins out of its thrown as king. Many of these alt coins are a threat to bitcoins but it doesn't mean it will eliminate bitcoins for good. Some will still stock up some bitcoins due to its popularity.