Altcoiners, don't give up yet. Bitcoin can't do it alone.

[iMark]

as long as bitcoin survive altcoin will survive too

the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?

 i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have   .

to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive  . good thing altcoins have these benefits  .

Of course a bitcoin will survive even if it lives alone. same as first time present before. bitcoin doesn't depend on altcoin, so I don't think that bitcoin will die when altcoin disappears. Altcoin will disappear if bitcoin dies, because the dominance of bitcoin is very large for the crypto market. but I admit that bitcoin needs altcoin to complete it. bitcoin won't have this many users if there is no altcoin.

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[DaMut]

as long as bitcoin survive altcoin will survive too

the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?

 i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have   .

to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive  . good thing altcoins have these benefits  .

Of course a bitcoin will survive even if it lives alone. same as first time present before. bitcoin doesn't depend on altcoin, so I don't think that bitcoin will die when altcoin disappears. Altcoin will disappear if bitcoin dies, because the dominance of bitcoin is very large for the crypto market. but I admit that bitcoin needs altcoin to complete it. bitcoin won't have this many users if there is no altcoin.

I could not agree more than this, pretty simple yet it is hard to understand by most people.
the reason why Altcoin exists is due to Bitcoin, not the other hand.
Altcoin is created to be a subsidiary of Bitcoin itself, even if altcoin is gone. It will not affect Bitcoin that much, even it probably helps Bitcoin to reach its new ATH or a new goal.
we have a lot of altcoins right now, and almost all of them are nothing but copy-paste project without any benefit to the community or Bitcoin.

[shimbark123]

With regards to your last statement, I guess that bitcoin cannot survive alone if there could be no altcoin. I mean, since alts were created, bitcoin and alts are meant to live at the same system and IT IS STILL GROWING! Another one is they are creating competition. Alts are creating competition. There are some alts that are focusing in card payments, some are exchanges coins and many more.

[Golftech]

as long as bitcoin survive altcoin will survive too

the reason why bitcoin survive is because there are altcoins on the side but imagine if bitcoin alone only exist , do you think bitcoin can last any longer ?

 i believe no because bitcoin have lack some key feature that a currency must or an investment asset must have   .

to be a good currency you should not be expensive than what you are buying and to be a good investment asset you shoudlnt be too expensive  . good thing altcoins have these benefits  .

Considering the value of Bitcoin for most of small holders is really expensive. The speculative market lift it up and gained this value. Investment wise, you need to have a huge amount of money to enjoy higher profits. While like what you've said, Alts offered much lower investment capital if you are able to find the right project and the timing of your entry  is perfect, the outcome is really beneficial.

With good judgement and trust with the project that you support, everything will turn out good for long-term success.

[landoffaucets]

I had same idea in 2017, when I spend all my money on altcoins because I thought that Bitcoin is too old and to slow and it will be replaced by better altcoins. But this will never happen, so do not speculate on altcoins. Buy Bitcoin.

[wxa7115]

Altcoins will not disappear, it’s a fact, because you by yourself can see how many top altcoins work with big companies that need altcoin technologies such as ethereum, ripple and it is worth noting that there are a lot of such companies and there are more and more such companies constantly, so the top altcoins will have a good future, but the new altcoins that appear every day in the cryptocurrency sphere will experience enormous difficulties and many of them will disappear after some time,

To me this is not about old altcoins versus new altcoins, this is about whether or not a coin brings something of value to the community, if a coin is a copy of other projects or it is just a derivative project without any merit then that coin is going to fail regardless of how much time it has been on the market, the coins that will survive the current market conditions are those that have active developers that are actually trying to do something new in the market.

Even if the coin is not as good as the developers thought it would be at least that will give us an answer to the question of how we can improve the market of cryptocurrencies, it will tell to us that is not the way and that is as important as knowing which is the correct way to implement a cryptocurrency.

[noormcs5]

Altcoins will not disappear, it’s a fact, because you by yourself can see how many top altcoins work with big companies that need altcoin technologies such as ethereum, ripple and it is worth noting that there are a lot of such companies and there are more and more such companies constantly, so the top altcoins will have a good future, but the new altcoins that appear every day in the cryptocurrency sphere will experience enormous difficulties and many of them will disappear after some time,

To me this is not about old altcoins versus new altcoins, this is about whether or not a coin brings something of value to the community, if a coin is a copy of other projects or it is just a derivative project without any merit then that coin is going to fail regardless of how much time it has been on the market, the coins that will survive the current market conditions are those that have active developers that are actually trying to do something new in the market.

Even if the coin is not as good as the developers thought it would be at least that will give us an answer to the question of how we can improve the market of cryptocurrencies, it will tell to us that is not the way and that is as important as knowing which is the correct way to implement a cryptocurrency.

How many altcoins do you see in coinmarketcap ? Only around 2900. Now consider if every business / project has its own coin, there are still very less altcoins available in the world right now.
In real life, we see many people doing the same business, so why can't two different coins be working on the same project prototype ?

[hirngespenst]

You are absolutely right, mate. I was expected a thread like this one, thanks for the heads up. Altcoins holders are suffering for a couple of months! Bitcoin did not bring all the millions of the people in the crypto. Every year's lots of people are joining in the crypto, it's because of new altcoins. Without altcoins, bitcoin can't go forward with this spirit.

[Javi_Anibarro]

You are absolutely right, mate. I was expected a thread like this one, thanks for the heads up. Altcoins holders are suffering for a couple of months! Bitcoin did not bring all the millions of the people in the crypto. Every year's lots of people are joining in the crypto, it's because of new altcoins. Without altcoins, bitcoin can't go forward with this spirit.

Bitcoin can survive without altcoin and altcoin can not survive without Bitcoin. But altcoin will not disappear and never, that is for sure. Altcoin will not disappear because people will always try to find something after they get one. just like what a Wiseman ever said, if you get one mountain full of gold. You will not satisfy and you will try to find another mountain.
and the rise of Bitcoin is not because of the altcoin. Instead, it's happening because people started to realize the importance of technology.
do not be delusional

[seleme]

My understanding is that bitcoin develops with the existence of altcoin, every altcoin rises always has competition or competition in cryptocurrency, but there are some of altcoins who no longer gain trust because they do not have vision and mission so they cannot survive, I think that altcoin has a great relation to building the price of bitcoin

You have the right understanding, BTC definitely develops with the existence of altcoins. More than that altcoins depend on BTC but  BTC doesn't depend on altcoins, it is a chain reaction. l would say altcoins is the thing that makes more meaning in the entire crypto space. As you mentioned every altcoin has not the same progress, some of them can not survive, all of them don't have the same vision and same advantage for the crypto investors.

[kodtycoon]

For me even some users don't like altcoins still they have different worth like they are also useful and helpful here in crypto world

Then if you base in the past i think altcoins now run for so long period of time so that's trusted already and we know a lot really have development then still continue another thing i think in future they much useful and helpful than Bitcoin now then actually we already experience this because they brings so much convebience now

of course that means when the project is truly consistent to continue to build better then it is a struggle and effort that will definitely be appreciated for the users themselves. so even though this is an alternative coin, the project behind it is proof that this coin will be more useful for many elements

[lestherat]

Bitcoin is what it is now thanks to altcoins, a lot, lot of people join to crypto thanks to altcoins like Doge, and that since years ago.

Just imagine a nocoiner trying to send bitcoin to a wrong address, or made a mistake writing the amount to send like a fee instead.

A nocoiner trying to upgrade his bitcoin wallet without backup up his wallet dat file.

Nocoiners need altcoins to learn about crypto and how to send transactions without fear, altcoins are necessary to practice.

Also the point on just telling a nocoiner to invest +8,000 usd to buy only 1 bitcoin, nobody likes to have .01 or .001, 8k usd is a lot of money for most people around the world

Global population distribution by income
15% are totally Poor   
56% survive with Low income   
13% are Middle class
9%  Upper-middle class   
7%  Highest income

Forget about Poor and Low income people, the income for middle class is around 50-60k usd per year, we really think they can spend 8k usd to buy a single bitcoin

Thats leave only 15% of world people able to invest in 1 bitcoin.

But thanks to altcoins around 29% of world can afford to buy 1 ethereum or 1 litecoin

Thanks to alcoins 85% of world can afford to buy 1 Ripple or 1 Doge

Altcoins are necessary for Bitcoin to survive.

[X-avier]

The altcoin industry have lost some big percentage of patronizers due to the poor performance of the market in the recent months, this have cause so many enthusiasts to lose interest in altcoins in general thinking the cryptocurrency industry can do with them. There's no denied the industry can do without most of the present altcoins but cryptocurrency can't can't survive without altcoins been present in general. No disrespect to Bitcoin as it started the journey but the industry have grown beyond bitcoin.

The achievement and development ethereum as a blockchain has contributed for the industry, if the industry had just bitcoin it wouldn't had recorded such developments. We can't do without altcoins, they have become a part of the industry. The sooner we realized that  the better the industry become. Don't misunderstand this post, I'm not advising against investing in bitcoin or encouraging investing in the present altcoins although, all I'm trying to say is, if you think the altcoin industry is going into exile, think again.

The altcoin industry is only going through a phase which won't kill it and as what doesn't kill you only make you stronger, the altcoin market will come out stronger as the good will be separated from the bad projects although bitcoin will always be a household name. Invests wisely and don't forget the best of the best altcoins are yet to be developed, the current ones I consider them to be just test dummies, preparing the way for future altcoins.

What's your take on this, do you think the industry can survive without altcoins that's just bitcoin been the only currency in the space.

yes, you really right that the market will not be able to develop only thanks to bitcoin, and of those coins that are now on the market, only a few will remain , this market still needs time for development

[dannybrown]

I agree that Bitcoin cannot do alone, however its sharp moves make alts dead nowadays. When I see an increase in BTC, I just stop trading because it makes alts collaps, when I see a decrease in BTC, it still makes alts collapse. It needs to be a bit less volatile and go sideways. If alts do not survive, this crypto market makes no sense to us.

[conected]

I agree that Bitcoin cannot do alone, however its sharp moves make alts dead nowadays. When I see an increase in BTC, I just stop trading because it makes alts collaps, when I see a decrease in BTC, it still makes alts collapse. It needs to be a bit less volatile and go sideways. If alts do not survive, this crypto market makes no sense to us.

- Although we all know that this market will not be perfect without altcoin, even know that bitcoin will go before then altcoin will follow but the collapse of altcoin really makes us unable to control emotions because every time it collapses, the price goes down too deep, it's not just a decline with only a few percent of the value, it drops to almost half the value, even more. And waiting for the price to return is a long journey for all altcoin holders, and very few can succeed, giving up in the middle of the road is very frequent, patience is not possible when bitcoin shows up

[StayFly]

The major problem here is bitcoin market dominance is at around 67% while the entire altcoins have 33% of the cryptocurrency market capitalization. that shows Bitcoin is on the bull run while altcoins are on the bear market. So the best thing to do is move to bitcoin where people are making profits.

[Metall303]

The major problem here is bitcoin market dominance is at around 67% while the entire altcoins have 33% of the cryptocurrency market capitalization. that shows Bitcoin is on the bull run while altcoins are on the bear market. So the best thing to do is move to bitcoin where people are making profits.

it will change very soon. bitcoin dominance is very slow but getting smaller, so altcoins will soon take their part of the market

[CryptopreneurBrainboss]

Actually, there is a chance Bitcoin dominance rate will reach 90%+ and the most altcoins capitalizations will drop significantly, but it is rather unlikely scenario, so if you believe in altcoins from your portfolio, it is okay to hold them.

Still many readers aren't getting the point of this thread, I'm not just suggesting you go hodl some shitproject wanna be next bitcoin all in the name I said altcoins will always be part of the cryptocommunity. The current altcoins aren't capably of withstanding the future projects that'll be developed so think twice before investing your funds on some random projects out there.

Always long bitcoin but instead of totally shorting altcoins general, trade them. Use them to accumulate more bitcoin

[aces777]

No doubt, Bitcoin's dominance is one we cannot begin to argue about, but I believe that even with all that power, Bitcoin cannot do it on its own. Altcoins are here to stay, and they have a huge part that they play in the market, and also in the advancement of the industry. So there isn't really any need for altcoiners to begin living in doubt or thinking that the time to give up on altcoins is now.

[rocku12345]

Bitcoin is what it is now thanks to altcoins, a lot, lot of people join to crypto thanks to altcoins like Doge, and that since years ago.

Just imagine a nocoiner trying to send bitcoin to a wrong address, or made a mistake writing the amount to send like a fee instead.

A nocoiner trying to upgrade his bitcoin wallet without backup up his wallet dat file.

Nocoiners need altcoins to learn about crypto and how to send transactions without fear, altcoins are necessary to practice.

Also the point on just telling a nocoiner to invest +8,000 usd to buy only 1 bitcoin, nobody likes to have .01 or .001, 8k usd is a lot of money for most people around the world

Global population distribution by income
15% are totally Poor   
56% survive with Low income   
13% are Middle class
9%  Upper-middle class   
7%  Highest income

Forget about Poor and Low income people, the income for middle class is around 50-60k usd per year, we really think they can spend 8k usd to buy a single bitcoin

Thats leave only 15% of world people able to invest in 1 bitcoin.

But thanks to altcoins around 29% of world can afford to buy 1 ethereum or 1 litecoin

Thanks to alcoins 85% of world can afford to buy 1 Ripple or 1 Doge

Altcoins are necessary for Bitcoin to survive.

Good work, but can you provide a source of your information?
Yeah, the alts are great for beginners as a training feature, but the main goal for which new coins are created is to interest investors with an attractive idea and possible rapid growth after IEO or ICO. 2018 and 2019 showed how crypto developers can punish gullible investors for substantial amounts.
In fact no difference whether you buy 0.1 $ BTC or 20 LTC for your $1000, this is all just a psychological factor. But the risk of extinction of any altcoin is quite high.