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?

[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.

[irenegaming]

I believe that for a moment the market was over-saturated, we have seen this type of scenarios before and it has happened that many good projects do not receive the necessary funds to survive, that is one of the consequences of the free market, but I believe that with enough time everything will be normalized and only the projects that are really useful will survive.

[Snaic]

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?

Already there are more than two thousand types of crypto currency. However, our life is so multifaceted that crypto currencies may very well be several times more without harm to reduce its quality. The basis of the crypto currency is tokens, which are used in the narrow sphere of our life and have very little competition with anyone. Therefore, I do not see any problems in increasing the number of altcoins.

[Mysteryla]

There will definitely be more competition among the altcoins. Some will not be able to survive before the year runs out, while those that are backed up with goods products will sure survive no matter how it might have dumped.

[tee-rex]

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.

I daresay we are already there, and the recent bitcoin and altcoin price dynamics prove just that. I'm not following the shit-ton of altcoins, only a few main ones like zcash or litecoin, and from what I see, I gather that bitcoin sucks liquidity from these coins. It means that when they fall, bitcoin remains at the same level. I can't explain it in any other way. So if even top altcoins have been falling so dramatically, what about the ones which many of us don't even know the names of?

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.

With prices stabilizing and a few coins receiving most of investors' money, the market will be well partitioned, and shitcoins won't have a standing chance. I would say that even promising projects offering real value and benefits will have difficulties attracting capital as speculation tapers off.

[flying_bit]

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?

I read somewhere that as of August 2018 there's like 1600+++ altcoins in the market and majority of this alt are either dead or slowly dying. For Alts to survive it needs to have a real use case but sad to say many Alts we're just launch in exchange to satisfied early investors and project just keep floating and many instances the dev team left the project along with the funds they collected. Just look at exchanges like Cryptopia, Mercatox, StockExchange etc...see how many Alts just 1sat value and have no movements. This is the reality of ICO nowadays though I will say there's still few good alts that functioning and doing well which makes me believe that there's still hope in blockchain ecosystem and crypto market.

[eipeng]

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?

Well i don't close my mind with the possibility that there's a crypto that soon may surpass Btc. All of them now are dictated but the price of BTC but sooner or later the best will come maybe this year or next year.

[Hanebel]

The most important thing here is that among the so-many-altcoins, you have to be able to know which to pick, hold or play in the trading game. For me, as a respect to the king of crypto, let's not compete with bitcoin, instead, let's just aim that what altcoins we have, will remain kicking in the next years.

[passwordnow]

In this wide market and competition is tough, altcoins who are strong shall remain and the weakest will be out.

Those alts that will survive can reach the current price of bitcoin now $6000 while bitcoin will reach new heights.

[kutangterbang]

to be equivalent to bitcoin is not an easy thing to do even though there are thousands of coins that finally disappear, bitcoin has its own power and cannot be compared to other coins, but it affects the price, of course it happens all the time, not because the coins are lost, but because of competition for bitcoin holders who play on the market

[choychoy]

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?

I think it's not a problem if we have many altcoins in the market as long as they have a good application and adoption that can attract investors then they will survive. Currently if we look in the marketcap we have many altcoins that and I don't know if they will survive in the next 2 years.

[CryptoAssasin]

There are thousands of altcoins circulating in the market amd some of them are already erased because of unserious team members, not enough funds to support the platform, poor advertisent or partnerships and maybe a scam platform. Those altcoins that survived always have a chance to reach the price equal to bitcoin but they will always stay behind the king of cryptocurrencies.

[hannahboy]

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?

More and more people will invest in crypto. There would be a huge competition between ICOs launchers. Everyone will try to collect huge funds. Bounty hunters will get more chances to earn money. They will get more chances to join bounty campaigns. Hope the use of cryptocurrency will also increase with the creation of new ICOs in the market.

[ShadowBits]

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?

Absolutely nothing. Since some of those coins will be useless in the end and people may not try to engage with those kinds of coins then maybe they will stay useless.

[leviathon]

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 already too much altcoins circulating now and there are way too many people using these altcoins to take money out of the market, what would happen if there were way too many altcoins circulating around on the m=internet is what we are experiencing now. The best we can do is to hope that people stop investing in the scam coins

[CelebratingBTC]

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.

Lot of scammers launches fake projects and on the bank there is no coin. They only want to collect money from people around the world and when they succeed, they disappear from the market. There are also very good Altcoin which will make place in the market forever. You can make good profits from there. But it is necessary to check the credibility of a project before investment.

[vova.andreyan.94]

Altcoins who can survive the next couple of years seems to me to be very few, because there are very few really worthwhile projects!

[aeternus]

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.

Every day that passes bitcoin becomes more dominant, more popular and more valuable, and if things don't change and that altcoin that everyone is waiting for doesn't appear then the chances that coin will displace bitcoin even if it is a better coin will become even more remote, and by looking at the market of altcoins and the incredibly low quality that many of those possess the chances that bitcoin is going to be surpassed are very low.

[oneidentity]

I think it will not. Quite the contrary. Now the market will clear itself of useless coins that do not carry any good. So most likely there will be less coins.

[hall16]

Only the best coins will survive.

[Indrawan77]

Well it depends on the coin, it depends on the coin how well the developers develop the project, how good the marketing team advertise the coin, but with too much alt coins that offered the same function then it will make the coins become weaker, if ICO keep on coming out then there is no chance alt coin can beat bitcoin

[nik9990]

Now there are a lot of Altcoins who are already dying. I think that good projects will only increase in price.

[batang_bitcoin]

Now there are a lot of Altcoins who are already dying. I think that good projects will only increase in price.

Good projects will recognised but not all of them are getting the spotlight.

Some aren't surviving because of lack of exposure. They can continue but to ask if the price of those is likely to reach bitcoin's price, I don't think so. Bitcoin got the popular of being the first coin and its total supply is 21 million unlike most of the coins now, they are hundreds of million so try to create the solution on how much they needed to reach bitcoin's price.

[Andruha1993]

I agree with you that most of the Altcoins will simply die, only those who have a future perspective will remain, but I think that no one will be able to achieve such a price as Bitcoin.

[arpon11]

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?

The number of altcoins in the circulation did not translate to over all increasing in the market capitalization of the cryptocurrencies.  In think we don't need most of the altcoins and tokens in the market as some of them are the same and solve the same problems.

[tanoe]

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?

No problem, coins will be destroyed because they cannot survive, coins with a solid project team, goals that can be achieved in the near future and sustainable, and maintain their integrity and credibility, will surely last a long time.

[aeternus]

I think it will not. Quite the contrary. Now the market will clear itself of useless coins that do not carry any good. So most likely there will be less coins.

There will be less coins but only for a while, many coins are going to disappear and are not going to be replaced for some time but as soon as the market of cryptocurrencies begins to give signs that it is recovering again we are going to see many of the same projects being revived under different names and people will invest in them trusting that this time things are going to be different.

[terencio]

Since the hype of the crypto market just died, along with it are alts with no real working product and does not  have a huge support from the community. I don't found any project yet that  the price and popularity  will be  same as Bitcoin in future.