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

[zelga93]

Hmm i just think the opposite with more and more altcoin it Will increase the price of bitcoin cause surely on the end it Will certainly always be exchange with bitcoin so the demand for bitcoin Will be more and more, and the price sure be rise

[ChristinaPi]

The fact is that altcoin can not harm to bitcoin because bitcoin is the strongest coin in crypto world. Bitcoin accounts for more than 57%, not any coin can threaten to bitcoin's existence

[BlackRacerX]

    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 think yes. This is because eventually, one of these tokens will eventually become better tokens compared to bitcoins. There are features of alt coins today that are being looked into by alot of investors so this will most probably be a thing in the near future.

[Yadamosan]

No they can't

Because bitcoin is their way to transmit the money so what will be the reason for them to harm the bitcoin, besides bitcoin is still the top1 on the Cryptocurrency Market Capitalization

[kamodoran]

Selection will continue to occur over time, there will continue to be many altcoins popping up and that in my opinion is a good condition. Only those who believe in existence of bitcoin in the future will got opportunity.

[Yantoaja]

   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

in my opinion, maybe this is what causes the price of bcc to go down because investors are getting more choices if they want to invest in cryptocreency and cause their money to be divided into romvarious ico, there is a positive and negative side in my opinion, the downside might cause the price of btc to decrease due to the coin Other coins will be more popular (although this hasn't happened). the positive side is that we as investors and traders have more choices in investing in cryptocurrency and not just fixing on BTTC, and if you do the right analysis maybe because of the many ico will make you reduce the risk of your losses in trading.

[Osayo]

Too many altcoins is not just a threat to Bitcoin but to the entire cryptocurrency world. They are creating a lot of confusion everywhere which is why people don't know if they should still believe in crypto again or not.

[rindayle]

My opinion about the fact that altcoins can affect bitcoin is, Yes! But despite the fact that if bitcoin starts to cooperate with governments and legalized, then no. The whole point is in demand, if bitcoin solves all these problems, respectively, the demand for it will be greater than for altcoins.

[jerrison]

the birth of altcoins is simply the new innovation come to reality and also creating a standpoint for people to make manifest what projects they have in mind and generate enough funds to that effect. it does not in anyway change bitcoin but magnifies the technological framework. thanks

[Chrisjay29]

I think many altcoin can effect the price of bitcoin. The only effect bitcoin price is fud and panic sell. For me altcoin is one of the promoters of bitcoin. Because if you see in the exchanger all altcoin token want to exchange at btc.

[Coroline]

    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 all depends on each project, if the project has good benefits it will make the altcoin worth the price, and I don't think bitcoin will lose its existence as a king of coins, we can say bitcoin is USD from the existing fiat currency

[Caxton10]

Most of these altcoins are utility tokens and hence have a limitation when it comes to their use. They will however offer some competition which I think bitcoin can be able to withstand.

[Mariela]

Yes it is threatening the bitcoins value.
There is possibility of bitcoins become useless . Because of so many altcoins the we can use instead of bitcoin and more affordable than BTC .

[cryptovigi]

Today, bitcoin remains most recognizable cryptocurrency for 80 – 90 % of society. Honestly one year ago i didn’t even know there are others cryptocurrency on the market. Even today we have 2.000 cryptos/tokens on the market but bitcoin is more than 50% of whole market. So in near future 2-5 years it’s  domination will remain unchanged.
You know what’s funny I know some policeman who works in cybercrime department, I talk with him few months ago an he DIDN’T EVER HEAR ABOUT ETHEREUM – that means something!

[thunderbitz2717]

Well of course not, bitcoin is the original virtual currency unlike altcoins is a utility tokens which is showing the usages or telling why the communities need to use it. Then,bitcoin is the highest price value it has on this industry, the most popular also compare into crypto's. And Bitcoin most acceptable as payment in any business comparing into crypto's as well.

[lornadane]

No, absolutely not. Rather I think too many altcoins are good for the Bitcoin popularity. Every ICO project owners respect the bitcoin because Bitcoin is the leader of the crypto industry. Every traders and investor buys Bitcoin at the end of the day. They may invest with Ethereum or they buy Altcoins. But to cash or to hold for a long time, most of the people rely on bitcoin. That's why Bitcoin dominate the crypto market alone, and all others 2200 Coins are dependent on bitcoin movements.

[Nhebu]

    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

Altcoins are made because there are things that bitcoin could not do. Cryptocurrency becomes popular due to the numerous project made using coin. These innovated projects help bitcoin to boost more. That's why I don't think they could harm bitcoin. In fact, they help cryptocryptocurrency to grow more.

[anhhung409]

I do not think so. Most Altcoin on the market are based on Bitcoin or Ethereum. So, if more and more Altcoins are present, it will increase the value of Bitcoin. So, it's totally beneficial. However, the appearance of more and more Altcoin makes the appearance of garbage more and more. It reduces the reputation of Bitcoin in particular and virtual currency in general

[Vohoanghiep]

This will not happen. Bitcoin is too big and it will not be able to crash just because more and more Altcoin coins are available. On the contrary, Altcoin coins are based on the value of Bitcoin, so it is dependent and can make Bitcoin is becoming more and more powerful.

[cybersofts]

    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

Nah, they can't harm bitcoin.

Those altcoins are trying to surf on bitcoin's wave and enthusiasm. It's thw other way around.

Probably most of hem will just be ignored in a few years or months, as bitcoin has better infrastructure and devs.

No way, it is impossible for altcoins to hurt the existence of bitcoin because they are on different levels. the bitcoin is the king of cryptocurrency and why would the too many altcoins become a threat? Too many altcoins might rather affect the value of Ethereum because when there are too many coins in the market there might be ETH price fluctuations due to high altcoins pumps and dumps.