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 without them. There's no denied the industry can do without most of the present altcoins but cryptocurrency can't survive without altcoins been present in general. No disrespect to Bitcoin as it started the journey but the industry have grown beyond just 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 becomes. 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 just be, 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 industry.
Bitcoin has undeniably generally better public image than alternative cryptocurrencies. Yet, it is also the case that not everyone prefer to use btc in all online transactions. Bitcoin is great and useful but we cannot monopolize the market because will make the market more dull than it is now. Altcoins gave more dynamic actions in the market than bitcoin.
