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

[bitcoinst]

I think you are absolutely right. The entire current market can be called a test dummy. This is only trial and error, even if it costs someone too much.
But in view of this, individuals become smarter, unless of course they have the ability to develop. In general, yes, the market is becoming more complex, in view of all that is happening on it. Thanks to all the good and especially the bad. I think the market can completely die out only if the development of new ideas stops, which I can’t imagine.

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[skyline247]

all coins have been suffering a lot in the recent days, however there is still hope for them. We need all coins and Bitcoin in the cryptocurrency infrastructure to make it worldwide popular on a higher level on an everyday basis.

[hahahafr]

Well there is surely the tendency of having the altcoin market increasing in the future but only sold projects with working products would rise after this fall. Hence the reason why you have to do a good research about the projects you are investing into so as to not lose your funds. Most of the ICOs that were launched have failed and team members have abandoned their projects.

[Moiyah]

Some altcoins are still have a uses and be a help in crypto industry. Some altcoin's platform is very potential aiding the problems like ethereum's platform. If you are asking if we can still survive even without bitcoin? Yes, of course. It's just that we need some altcoins that can provide some lack characteristics of bitcoin, we need alternative coin aside from bitcoin which has high speed in transactions with lesser fees.

[TheClownSong]

Well there is surely the tendency of having the altcoin market increasing in the future but only sold projects with working products would rise after this fall. Hence the reason why you have to do a good research about the projects you are investing into so as to not lose your funds. Most of the ICOs that were launched have failed and team members have abandoned their projects.

I agree, only Altcoin which already has a large product and liquidity will be able to survive against the dominance of bitcoin. I agree that bitcoin dominance will not last long and altcoin will be able to rise but in my opinion not all altcoins will be able to last for the long term, only altcoin with a solid developer team will continue to survive

[indah rezqi]

To be sure, my opinion cannot be used as a guide, but I see without altcoin, maybe bitcoin will not work as well as this. The altcoin industry with the price condition that many people complain about is currently very large influence exerted on Bitcoin. That is, the two things need each other.

[pandanaran]

yes I agree with you, as we see that bitcoin is one of the coins that has an important role in this industry, the ups and downs of bitcoin can also affect the price of altcoin and vice versa. so I think the crypto space is still wide open for bitcoin or altcoin to return to the price as before, it's just that the current market situation still dominates the bitcoin market but that doesn't mean altcoin will lose its value onwards. exactly the altcoin holder is being tested, and in my opinion for altcoin that has good growth, that is one of them that will survive in this market.

[ethereumhunter]

Both bitcoin and altcoin need to support each other so it could change the market to recover the price. When one of bitcoin and altcoin cannot moves, then we will not see a bull run comes. I am sure that bitcoin and altcoin will rise at the right time, although that means, many altcoins cannot follow to increase because of the lack of support in their project. There are still many good altcoins that will support bitcoin and bitcoin do the same. By the way, I like the title, and it shows support for bitcoin and altcoin.

[Akoldi_ibk]

This is exactly my take when the issue of bitcoin vs altcoins is being brought up. Imagine how the market will look like without altcoins. There won't be innovative projects coming up, no diversity of portfolio and the entire crypto industry will be in the hands of the few. Let's not forget that altcoin is another entry point to the crypto industry by which many adopters who could afford BTC at the onset came in. Bitcoin and altcoins needs each, but with only solid and excellent altcoins can we move forward.

[nabilapimpo]

In the market, there must be various coins. If the market only there is Bitcoin I think it will not run. Bitcoin needs an Altcoin because if there is no competition, the market conditions that I think will be empty.

Altcoins are much needed as there are many people who are interested in trading. Although more altcoins certainly these investors experience splits. But like the real world a market should provide a wide variety of goods and crypto markets there is a wide variety of digital assets. Altcoin will continue to grow and have a good future.

[CryptopreneurBrainboss]

In the market, there must be various coins. If the market only there is Bitcoin I think it will not run. Bitcoin needs an Altcoin because if there is no competition, the market conditions that I think will be empty.

I don't consider altcoins to be a competitor of bitcoin as I haven't seen even one project that could out perform bitcoin both in adoption and trading. Ethereum showed some positive signals but when it comes to trading and gobal adoption, bitcoin still outperformed ethereum although in utility, ethereum is the no1 blockchain. Libra could out perform bitcoin as no1 most trading coin just as Tether is trying to achieve but that's a story for another day.

The altcoins market should compliment that of bitcoin instead of been competitors  that's why I'm emphazing both coins are needed for a faster and profitable growth of the cryptocurrency industry. Altcoins providers utility while bitcoin provides global adoption of the technology.

[X-avier]

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.

why is this an unlikely scenario? I think now is not the best time to hold altcoins, many will still update their bottom and only after that some coins will go up and some will disappear.

[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.

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 ?

There are other sites and in some of them I can see almost 6000 coins, and those are the coins that are active right now, how many coins have been created through the first 10 years in which this market has existed? I would guess that number is very easily above 10k, and how many of those coins were any good? It is impossible to know but at best a few hundred.

I am not against having several coins performing the same function but when you see many coins trying to do the same and their approach is no different from each other then what is the point? Most coins are copies of the top coins in the market and are trying to sell the idea that somehow they are better when they are only disguising the fact that the developers behind those coins could not figure out how to create a better coin.

[Neo.op]

Altcoins are our future and our profit-makers in fact. It is obvious that BTC moves are effective in prices of alts but alts give us the most profit by moving up and down. When they are so volatile, we can get good amounts of money. We just have to follow the market closely and pick the best time to enter and sell that asses.

[X-ray]

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.

bitcoin dominance increasing doesn't necessarily mean that the capitalizations of these altcoins will drop significantly. If BTC capitalization is peaking and the price is rising so high the dominance will automatically adjust and increase meanwhile the altcoins will stay the same if not is affected by the bullish aswell.
The scenario itself is not highly unlikely, kinda hard to happen in the real life but there's still plenty of chances. If BTC could build up the hype like it was back then it could possible the dominance of BTC to increase until 90%.
However, the most possible scenario is if the altcoins losing the capitalization as you said therefore automatically making bitcoin dominance even higher.

[pinggoki]

If bitcoin is the only crypto currency then surely it will never become usable in reality and also can't be imagined by any middle class human being so that altcoins presence is must for the bitcoin's future.But the only issue is scam projects who keep coming with new names everyday to steal money from the investors.

Investors need to educate themselves to get this issues done or else the scammers will stay here with the shit coin projects.

Bitcoin is the cryptocurrency most popular and famous currency and there is also an altcoin who are balancing the threshold of the crypto market. Bitcoin and altcoins are almost the same because they are depending each other.
Altcoins nowadays become more less importance because of having so many shit and trash coins producing by the poor organizational planning of the projects, that's why it is the reason why they are becoming volatile. But don't be afraid to those altcoiners who are still holding those altcoins because the time will come that altcoin will stand up again.

[concnepornurage]

I think that everything will be alright with altcoins. At the beginning of the year, we watched how Bitcoin was pumped. Now there will be a phase when altcoins will be pumped. Therefore, I am now investing in promising new altkits. For example, as in the new YUSRA GLOBAL coin (https://yusra.global) with a POS-mine. Now mining in this YUSRA coin has just started and you can earn up to 30% per month only from POS mining. It seems to me that this is real and promising!

[gurunanakji777]

That's quite true many crypto enthusiasts left hope due to the long bearish trend of the market. Weak investors or holder is mostly out of the market. Altcoins and bitcoin both are important for the crypto market and for trading we need altcoins as well with bitcoin but I hope when market will improve old investors or holders will also take interest in this market again.

[ned.ryerson]

That's quite true many crypto enthusiasts left hope due to the long bearish trend of the market. Weak investors or holder is mostly out of the market. Altcoins and bitcoin both are important for the crypto market and for trading we need altcoins as well with bitcoin but I hope when market will improve old investors or holders will also take interest in this market again.

the market is cyclical and after the fall phase, the growth phase begins. if there are still people who don’t understand this, it’s better for them to just leave this market

[jets567]

It is a fact that Bitcoin started the crypto industry but because of altcoins more people has involve in this kind of industry as they attract more investors with their different kind of creative ideas for the project, the hype of altscoins give some impact on the status of Bitcoin today.