What would happen if there will be too much Altcoins circulating the internet?

[rricksu]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

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[butka]

Definitely there are too many altcoins and they cannot all possibly hope to survive. So what will happen to them? First of all, let's not forget that some of the coins are already dead. Check this website:

https://deadcoins.com/

To date, they list some 929 coins, which are either dead, have been found to be scam, or someone hacked them. I'm afraid many more will be listed there in the years to come.

There is also a significant number of alts that will die a long and slow death. Their value will gradually diminish, and eventually no one will care about them and they will cease to exist.

The ones that survive will never reach the bitcoin value, though. They may compete for a fraction of market cap, but IMO, BTC is the supreme number one for many many decades.

[Bessta]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

There is no problem if there is a lot of altcoins that exist. And there will be no problem if a lot of them are not good. We only have to focus on coins that have a good project development behind it and invest in it. And yes, there is a possibility that some altcoins may reach bitcoin's price or even surpass bitcoin's price.

[Z_Max]

I think that very much very much to disappear only by the fact that no one in the bottom will invest because it is impossible to know about all and they will die. I think that we do not need a lot of coins. You need a few but reliable and strong in which you can trust and invest.

[aeternus]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

That is what we are already seeing, there are so many altcoins in the market that people are confused about in which of those coins to invest, some people are willing to take the risk and invest in a coin blindly but there are also many people that have decided that since they cannot distinguish between a good coin and a scam coin then they are not going to invest in altcoins.

[tycsols]

I think it is always an un realistic and non serious statement when someone says that this altcoin will grow same like bitcoin, to be honest that is simply out of context, each coin and project is unique and comes with its own benefits and problems so also has its own value, i do want more quality coins to vome up and their should be some regulatory firm that can filter real projects and their coins and abandom low quality coins.

[Nivelir]

What will happen? Nothing will happen in any case, in order to use cryptocurrencies or tokens, it will be necessary to use masses of cryptocurrencies, such as ETH or BTS or others, I think that in general, tokenization of everything is just beginning.

[hokyman]

now there are a lot of altcoin delist from market exchange, because there is no value. although many altcoins on the market, I think it's still difficult to beat bitcoin because bitcoin is still a pioneer of all crypto currencies

[tee-rex]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

That's unlikely as all these altcoins don't offer anything which bitcoin doesn't have. As a matter of fact, most of these coins strictly follow the "live fast die young" pattern, which comes down to an initial pump and a quickly followed dump without a comeback, ever. You can see literally hundreds of these coins at Yobit. They are sitting there for ages with empty buy books at the selling price of 1 satoshi until they get delisted and utilized. And it doesn't look like an altcoin can dethrone bitcoin thanks to its own merits, though it can happen if bitcoin dethrones itself, for example, due to in-fights and strong disagreements between bitcoin developers.

[seyola89]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

It's a pity that there are already too many altcoins in the cryptos sphere presently. Who knows maybe what we are seeing now is even small compared to what we will see in next few years. The idea is to be cautious and invest in only the strong ones.

[Muhammad Muneeb]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

only the crypto with the working product and the dedicated team behind the project will survive in the future. value of the coin depends on many factors like supply of the coin high the supply lower the value

[zhekinsp]

Only the coins which has enough potnetial to go over the future will survive,the rest of the shit coins will fade soon or later after the creation but now bitcoin is going to complete a decade which is very good for them but some altcoins even can't dtand atlead sor a year so choose better coins only.

[kiedis]

Are there not too much already? Most of altcoins are crap, designed only to get some money. Most of the projects must die it is clear to me.

[bob3772]

There are already far too many alt-coins for all of them to succeed. Even with the maximum level of competition and diversity there is no such need for them all. I do feel that something similar to the dotcom bubble will happen with the majority of cryptocurrencies heading to zero and only a few dominant ones surviving and going on to be huge.

[trade2winnn]

If this is really a good company will only plus is the world,che's wrong with that a lot of companies? now all over the world there are just thousands and millions of organizations,small and large, and they all work and bring profit to the owners,and many other people who work in them, the same will be with cryptocurrencies, it is the same companies themselves just on the blockchain, and the Blockchain is the future

[tomahawk9]

We've already reached the point where the market is oversaturated with altcoins that some alts (I'd say the new ones) will most likely dissapear in the future. This is what happens when the altcoin hype cools down, everyone stops paying to the new altcoins created for the sole purpose to earn a quick buck and people take their money and put it in most of the well-accepted alts in the market.

Unfortunately, scam coins and shitcoin still occupy a big chunck of the market, but hopefully, after this bear market, there will be a cleaning in the cryptosphere and we'll get rid of the shitcoins forever and only legitimate projects will survive.

[ugr_erkn92]

I agree, only altcoins that are designed to be used in the future and have the potential to use will survive. But I don't think the prices will be as high as the bitcoin price.

[Vektrum]

I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

Too many altcoys can not be. How many would not appear, but the market determines their demand and prospects and all useless types of crypto currency disappear. The need for altcoyns is not limited yet. They will still appear very long and it is useful in general for the market. Altkoins are developing very quickly and it is quite possible that one of them will make good competition to bitcoin.

[HichemFetoui]

the market will consolidate at some point to known protocol just like the internet, in the beginning, witnessed an abundance of application now every person use only facebook twitter youtube

[fathur01]

Nobody needs a lot of altcoins. All of course believe that one day will come such an altcoin that can beat Bitcoin, but so far there are no such altcoins, and there are only dying coins.