trade2winnn
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December 19, 2018, 06:36:47 PM |
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Altcoins will not die out everything, Otherwise bitcoin will die out, you also need to understand the situation that everything is interconnected, bitcoin is so popular only because it has found a global application in the form of a heap of Altcoins projects,which use bitcoin and all their customers are transferred to the blockchain, everything is interconnected
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cramcram21
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December 19, 2018, 06:39:46 PM |
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It seems to be impossible but if it ever happens then maybe the price would grow, After all there wouldn't be any other crypto to invest in so all of the investors would go with Bitcoin, But I think the price would be more stable.
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sixexgames
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December 19, 2018, 06:39:52 PM |
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If all altcoins were to magically die overnight, Bitcoin would be so clogged with transactions that it would be unusable. Even now, I transact way more with altcoins than I do with Bitcoins. If feel like BTC needs then to survive.
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lotfipro
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December 19, 2018, 07:08:39 PM |
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Exactly, the situation is now different. I don't think that bitcoin will survive if all altcoins will die. Firstly, it's impossible at all. Secondly, I think that altcoins can survive without bitcoin. Bitcoin is like an index now. He shows feeling of the market. Nobody uses it for sending money or other operations. As for me, rising in 100 times is impossible, so the price should be 370.000$ per 1 bitcoin which I think is crazy.
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vasilisc555
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December 19, 2018, 08:11:59 PM |
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It can easily rise and above, but all the Altcoins will not go anywhere. Theoretically, Bitcoin can cost $ 1,000,000 and it is only a matter of time.
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korean1999
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December 19, 2018, 08:17:10 PM |
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Many people invest in altcoin, and if the altcoin is dead then people will lose a lot and they will lose confidence in this market. Look at the year 2018 when the ICO became a scam, the market went down horribly
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Puyol
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December 19, 2018, 08:19:50 PM |
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I dont think that this will never happen onyl bitcoin in the cryptocurrency. There is one coin for the fast transactions, one coin for the less fee for transactions, one coin give more stake (POS). Some coins have some speacial skills and people prefer to invest these coins for these skill because bitcoin stay background on some situation.
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jbarcenas18
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December 19, 2018, 08:26:49 PM |
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I don't think it would not be happen altcoins born because of bitcoin. If altcoin will die so bitcoin also will die and there will be no 100X for its value to increase to that level.
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den11111
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December 19, 2018, 08:29:08 PM |
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even though that won't be possible, if bitcoin becomes the only cryptocurrency that survives, the price will be very stable and won't be as expensive as now, price increases and decreases won't be as fast as now, like the dollar, bitcoin will have the same turnaround that in my opinion
I think Bitcoin certainly can not become the only electronic currency to survive because Bitcoin has a lot of defects compared to other currencies. The slow pace and low supply are the limitations of Bitcoin.
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Adunni6758
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December 19, 2018, 11:15:58 PM |
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Altcoins might seem not to have positive impact of bitcoin, but indirectly it has, in the sense that it removes the power of monopoly that bitcoin hodlers might have. Also it is a myth to say that all altcoins would die, because it cannot happen
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Riddikulo
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December 20, 2018, 03:57:07 PM |
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It will not happen. When Bitcoin was the only one cryptocurrency, it was very cheap. When its forks and some other altcoins appeared, it was not very expensive as well. I do not think that it can affect BTC price.
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desticy
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December 20, 2018, 04:24:56 PM |
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We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply? Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?
The price of bitcoin can grow insanely only if all altcoins start dying slowly, then all investors owning altcoins start selling them for bitcoin, all the money will be in bitcoin which will give incredible growth.
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Isiaka208
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December 20, 2018, 05:01:10 PM |
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If that happens eventually then all attention shifts to bitcoin, leaving it to slow transactions per seconds, leaving the price to be stable but making the space so un-interesting because obviously, FOMO will vanish.
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wanted sliter
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December 20, 2018, 05:02:29 PM |
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We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply? Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?
first, we will never see that situation when bitcoin is only coin last! and then, if all of altcoins are dead, so bitcoin would have no reason to rise cause market would be going to die too
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kidbounty
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December 20, 2018, 05:05:13 PM |
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it seems like not, if all altcoins die then bitcoin will definitely be abandoned. no one will invest in bitcoin / cryptocurrency. so the price of bitcoin will not rise, even if it can be destroyed
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JayCue
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December 20, 2018, 05:07:28 PM |
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It's very impossible that all the altcoins will be dead so we will just assume that it will happen. Given that situation, I guess Bitcoin will skyrocket since it is the only coin left accepted by businesses worldwide.
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newdevices
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December 20, 2018, 05:14:14 PM |
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I think altcoin weakens bitcoin because with so many coins, the dominance of bitcoin is reduced because if there is only bitcoin investors will only buy bitcoin, but because there are lots of coins, the choice of investors to invest is diverse and that makes bitcoin weak
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axel2078
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December 20, 2018, 05:23:35 PM |
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I think not, Altcoin creates a diverse ecosystem for crypto. And if that ecosystem dies, everything will go away, and if all the altcoins die, I think the BTC will follow them.
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maxilopez
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December 20, 2018, 05:36:45 PM |
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Of course not, because it now occupies 55% of the capitalization of the entire market. There is not a single chance that he can do x100
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leexhin
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December 20, 2018, 05:41:13 PM |
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Maybe it could but who knows maybe some people would quit, Because they just want some alt-coin because of what the other token are doing.
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