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

[BeManga]

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.

I agree that altcoin help bitcoin and altcoin is one of the main parts that help bitcoin to grow
but as of now, it is still better to wait until we see which altcoin will survive
by doing it we will see which altcoin has a real goal and real supporter.

[ameliana]

I can't imagine if there is only one crypto in this industry (bitcoin), but that doesn't mean that bitcoin can survive alone. knowing that altcoin is another investment alternative besides bitcoin, it can be concluded that bitcoin and altcoin have different but complementary functions. such as altcoin which is easily accessible by anyone and also bitcoin is a profitable investment in each period.

[salty]

More or less, this sounds like a tasteless joke to me. How come this hit his mind that bitcoin needs altcoin in order to survive in this world when bitcoin is the first digital currency. It is the backbone of altcoins. They cant even think about existing without the king. Bitcoin never depended on any asset, either physical or digital for its survival. Even no other entity of the world helped it in making so far.

Don't get me wrong, i have huge respect for bitcoin but the rate at which this industry has grown to, there are some things you can't take out of the industry which involves; stablecoins, privacy coins (bitcoin isn't that anonymous), dApp platforms to build on e.g ethereum, etc that's just to mention a few. The industry won't have gone this far with just bitcoin. Just compared the first five years of bitcoin with the last five years and evaluate the difference.

Bitcoin was the first but it's becoming too complicated for the average individuals as fees are becoming too high, time for confirmation is on the increase too, segwit address is yet to be welcomed by many to reduce fees/confirmation time etc. Bitcoin can't take the industry to the next level alone that's a fact bitcoin maximalist are yet to understand.

Complete agreement.It is altcoins that help bitcoin to survive.I think it would be boring if there would be no choice from cryptocurrencies and there would be no development.With the advent of altcoins, the market is still alive.(Bitcoin hold on.)

[dcomomal]

BTC is doing everything alone science the beginning of 2019. This year is almost over and no altcoin can provide such stats as BTC. However, I believe in altcoins as well, but slowly starting to lose hope, only believing in altcoin season.

[OasisDre]

crypto space wouldn't have gone this far if there is no other coins like monero, dash, Ethereum, they have better use cases than bitcoin, i mean to say the truth bitcoin is not anonymous like many think it is, you can't compare with privacy coins or dapps platforms

[aomakun]

BTC is doing everything alone science the beginning of 2019. This year is almost over and no altcoin can provide such stats as BTC. However, I believe in altcoins as well, but slowly starting to lose hope, only believing in altcoin season.

It is true that BTC is able to move on its own in price, but to grow on its own will be difficult. and altcoin also still has a dependency on btc, so I think for now btc is moving first and hope altcoin is able to follow it

[Nguyenthanh2391]

I regret that the altcoin industry has lost a large number of sponsors due to poor market performance. altcoins are also very important and irreplaceable. Cryptocurrencies require altcoin to survive.

[duuuuude]

I absolutely agree that the altcoin boom can be called a test because everything is done for the first time and no one knows the outcome of development; therefore, the altcoin will remain but it is obvious that it is not in such quantity and quality.

[Apinya_Anong1111]

I don't think you're right. altcoin is so it is very difficult to be back. Maybe this is a personal opinion but I find out and see that. Can you take a closer look?

[traducteurTor]

Cryptocurrency industry cannot exist without altcoin. I think vaajyay. and you ?

[dnprock]

I've created Bitflate, a crypto with constant inflation. Inflation discourages HODL. But that doesn't mean the coin will be worthless. Its supply is still limited by inflation. Bitcoin is Store of Value. Bitflate is transaction coin. I think the idea has potential. So far, it's been slow. Not many cares about it. Most people are scared away by "inflation." I think it'll take a long time for crypto to shake off their Austrian economics.

Join Bitflate Discord community: https://discord.gg/utnEyp8

[ganeshramk]

There is no need to give up already as the crypto world is just in the beginning of new era. There will be lots of denience as well as hiccups in the beginning as this is part of change management. Just hold your horses. Soon Day will come for crypto and it will not be just for 1 day.

[Darooghe]

My opinion is completely against you because altcoins need bitcoin in every aspects. Bitcoin is the mother of crypto and like every young children, altcoins need a caring mother to survive. If Bitcoin dies it becomes a common knowledge that the original idea has been in some sense flawed. Once the investors learn that the security of the altcoins like ETH and Litecoin rests upon the same fundamental idea, but with much weaker, less reliable, realization, the fate of every single altcoins out there is simply a death in exactly the same way the Bitcoin died. sooner or later Altcoiners will realize blockchain technology is best suited to one chain to rule all and undoubtedly will migrate to Bitcoin.

[alan2here]

BTC is doing everything alone science the beginning of 2019. This year is almost over and no altcoin can provide such stats as BTC. However, I believe in altcoins as well, but slowly starting to lose hope, only believing in altcoin season.

Altcoins are causing more frustration for investors because this year more than 90% were wiped out of this market and not attracting new investors is the main reason why these coins can not exist in this market. Currently, there are not many good options for investors so it is best to trust Bitcoin only and should spend all of your assets to invest in this coin.

I don't know when the altcoin season will reappear but it will take a very long time and don't expect too much of this investment.

[rdewilde]

No Bitcoin can't do it alone, it needs the help of other altcoins. But the only issue is that, most altcoins aren't worth it therefore can't be said that they can actually help. Taking a look at the growing number of altcoins and the percentage that really offers value one won't be mistaken for saying they aren't helping but bringing bad names to this space. But nevertheless, we have the likes of ETH, and I believe with more team like that of ETH etc, altcoins will surly help in piloting this space higher.

[miklesm]

In my opinion, there will be still many altcoins in the next 2-3 years, but after a while, let's say 10+ years, only the best altcoins with real use cases will stay along with Bitcoin.

[jagaban]

Altcoins form a rich competition for Bitcoin, albeit, a very weak one. I do believe that Bitcoin can survive on its own without altcoins. Stablecoins can be traded with BTC and everyone will forget all about alts

[StephenJH]

In my opinion, there will be still many altcoins in the next 2-3 years, but after a while, let's say 10+ years, only the best altcoins with real use cases will stay along with Bitcoin.

Many altcoins will disappear in 6 years and only strong altcoins with real use cases will survive. 10+ years is a long time and the threats of quantum computers will grow year by year, the security of the SHA 256 will be outdated on that day, in my opinion. Best altcoins never stop growing in capitalist,competitive markets and they will adopt to the changes.

[metenjean]

No Bitcoin can't do it alone, it needs the help of other altcoins. But the only issue is that, most altcoins aren't worth it therefore can't be said that they can actually help. Taking a look at the growing number of altcoins and the percentage that really offers value one won't be mistaken for saying they aren't helping but bringing bad names to this space. But nevertheless, we have the likes of ETH, and I believe with more team like that of ETH etc, altcoins will surly help in piloting this space higher.

Bitcoin need support from investor and looking many companies want to adopt bitcoin as legal currency payment for their currency, will give higher price for bitcoin later if have many companies have adopt and legal using bitcoin as currency payment, so far many investor use bitcoin only investment assets and keep bitcoin for trading only, there are not have available using bitcoin for currency payment.

[kaneki007]

Altcoins are causing more frustration for investors because this year more than 90% were wiped out of this market and not attracting new investors is the main reason why these coins can not exist in this market. Currently, there are not many good options for investors so it is best to trust Bitcoin only and should spend all of your assets to invest in this coin.

I don't know when the altcoin season will reappear but it will take a very long time and don't expect too much of this investment.

Maybe it's true that altcoin season will take a long time to recover prices, but i think there are still many people who really hope that altcoin can grow and can get profits for investors who have invested money in altcoin