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

[royalfestus]

I think that in the future it will be so. we will not need altcoins in 10-15-20 years, but now the market is not  ready yet to leave the only bitcoin. everything that happens with prices is just a classic market manipulation

Altcoins innovation was a very impressive one, the cryptocurrency technology that is open wide area of acceptability on different platforms. We have seen used case at different aspect of life that bitcoin cant. Bitcoin success is beyond any governance but they have largest numbers of maxilmalists with huge fund to push it around. Scam also cause the loss of confidence in altcoins, while most teams involved in scam are on the run

[Perfect35]

I give more credence to altcoins that grow organically and not pump and dump altcoins. Such pumps and duo's quickly dies and those are the bad eggs among others. If the best will be lunched, it means it must also grow organically.
The question the is, are we really ready for this?
A lot of investors prefer the pump and dump, which is why we will not stop seeing shit coins and they will continue to lunch.

[mickey_miner]

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.

The industry will not survive without altcoins, because they push it forward, if there will be only one bitcoin, then the development will stop.

[coinswebid]

Bitcoin isn't only digital currency in cryptocurrency world. As old and exoteric coin, Bitcoin is the most valuable coin in cryptocurrency. From this list coin of Coinmarketcap, only some coin will survive then this coin profits is more than any top coin. Because of rumors don't give up your favorite coin.

well, maybe you are right about all your words in bitcoin
but remember altcoin help bitcoin to grow higher from the past,
because when somebody created an altcoin, they will mentioned bitcoin as the first decentralized cryptocurrency mate

[mu_enrico]

Altcoin actually sucks the value out of Bitcoin, but it happened because of so many things, e.g., trilemma, low utility, speculative mentality, fees, etc.

Regarding your question about "do you think the industry can survive without altcoins." Nope, the cryptocurrency industry is based on what? Trading (P&D) in exchanges and gambling. How many traders deposit/withdraw their fund in BTC? I think not many. The retail one (like us lol) would prefer altcoins (like XLM) for cheaper and faster transaction.

[Burogh]

Altcoin actually sucks the value out of Bitcoin, but it happened because of so many things, e.g., trilemma, low utility, speculative mentality, fees, etc.

Regarding your question about "do you think the industry can survive without altcoins." Nope, the cryptocurrency industry is based on what? Trading (P&D) in exchanges and gambling. How many traders deposit/withdraw their fund in BTC? I think not many. The retail one (like us lol) would prefer altcoins (like XLM) for cheaper and faster transaction.

I agree that not all altcoins are bad. Altcoin's performance which has plummeted at this time could have been because investors prefer bitcoin as a safe haven due to uncertain global economic conditions. Investors might not be dependent solely on bitcoin because investors would think it is too risky to only hold one portfolio.

[SummerBliss]

I really liked this thread @OP, I think this is genuine concern. Altcoins are truely the backbone of crypto industry. You can't expect everything from Bitcoin. It is first cryptocurrency but surely not the best one in terms of specification. Other cryptocurrencies like ETH, Tron, LISK, EOS provide comparatively much better blockchain to create DApps. And we surely don't want new altcoins stop coming. This market is still new and there is much more scope of improvement.

[jazmuzika217]

I think no. Crypto world did not survive if there is only bitcoin and without other coin. Because all we see the that the current value of bitcoin are continue to fall. And for the altcoin investors I think this is the time that all of you waiting for because based from history when bitcoin will fall this is the right time for altcoin so have more patience.

[Vishnu.Reang]

As far as I am concerned, we really only need around 2-3 cryptocurrencies of the following five types;

1. Pure cryptocurrencies, e.g. Bitcoin, Litecoin and BCH
2. Stablecoins, e.g. Tether, Circle and Libra
3. Smart contract coins, e.g. ETH, TRON and EOS
4. Privacy coins, e.g. Monero, BTCP and ZEC
5. Corporate liquidity tokens, e.g. Ripple and Stellar.

Overall, that means there should be around 15 cryptocurrencies. Can anybody convince me otherwise?

Very difficult to put it any better than this. We can expand this list a bit and add another 5 categories to take the total number of categories to 10. 3 cryptos per category would mean a total of 30 different coins. And right now we have more than 10,000. IMO, sooner or later, we'll be witnessing a major consolidation in the altcoin market and many of the smaller coins are going to vanish.

[voltesbit777]

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.

It seems that when altcoins are lost in this industry bitcoin will have a hard time raising its price value. Bitcoin and Altcoin are helping each other and we can't deny that because of the altcoins the name of Bitcoin breaks. Because of that, many in different parts of the world or countries are well aware of bitcoin and the countless lives of the Bitcoin and altcoin industries have changed countless times and this is the truth most of them know.

[asradoni]

Indeed, only bitcoin cannot cope in the crypto industry, bitcoin cannot provide the world with everything that altcoins provide. Altcoins in essence improve our lives, make it easier, one bitcoin cannot cope ...

[Dobmaster]

In our digital time, it is difficult to imagine life without cryptocurrency, it gives me a lot of things, from earning to buying on the Internet, but this is not enough, many companies need smart contracts and the blockchain as a whole.

[J1mb0]

Altcoin is definitely needed for the development of crypto, this is very clear and indeed must be recognized. bitcoin cannot move on its own without mutual support between them. very convincing that altcoin will grow better in the future.

Bitcoin and altcoin are two indispensable sides in the cryptocurrency market. Altcoin addresses the limitations of bitcoin, without altcoin we would not have the electronic market today.

[Deborah Christine]

I think Cryptocurrency will not live without altcoins. Cryptocurrency can be as famous as now because of the large number of altcoins that have sprung up. 

At this time altcoin is down sharply but that does not mean altcoin will die. Altcoin will still survive because until now altcoin is still in demand and favor. There are still many altcoins that have good prospects.

I think it is a good time for us to buy potential altcoins so if it's time for the altcoin season to arrive we get profit.

[dentolas]

Thinking about cryptocurrencies and thinking only about BTC is wrong in several aspects... this is a world that started small with BTC paving the road, but it has grown far beyond that and the alts became an integral part of it...
Although there are alts that seem to compete with BTC in terms of use case, there are a lot of alts that are used for different purposes than BTC...
The alt market has boomed in shitcoins, P&D schemes, and copies over copies of the same projects.... so, it is necessary that a whole lot of these alts dissapear so that the market can regain it's strenght

[Willitivity]

A very interesting write up and nice analysis. Altcoins have come a long way in the crypto space, the have helped made Bitcoin go much further than it has already gone. Altcoins go a long way to provide in places where Bitcoin lacks and that's very important for the survival of Cryptocurrency.

[imstillthebest]

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  .

[trauchot]

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,

[mu_enrico]

I agree that not all altcoins are bad. Altcoin's performance which has plummeted at this time could have been because investors prefer bitcoin as a safe haven due to uncertain global economic conditions. Investors might not be dependent solely on bitcoin because investors would think it is too risky to only hold one portfolio.

What kind of crazy investors think that bitcoin can be a safe haven? Historically, gold is a (limited) safe haven. Bitcoin is high risk - high return asset, not a safe haven.

Cryptocurrency portfolio? Seriously in 2019 you still believe in such thing? Altcoin got REKT because simply the majority of it doesn't have value in the first place.

[silversurfer1958]

yes yes, i really like your thought.  Our market operates well based on altcoins, they are businesses that create real value for the whole market.  Bitcoin is essentially just a normal coin with nothing special except the earliest appearance in cryptocurrencies.  I still hope that someday, everyone will realize this thought of me and you, at which point the market will once again topple bitcoin and altcoins will be crowned.