No other currency

[aris av]

I think if there is no cryptocurrency other than bitcoin then bitcoin will not be as popular as this, for exchange of course it requires another cryptocurrency and of course the existence of altcoin is also important.

[error08]

Then all of the market shares will just get into bitcoin, there won't be diversification, imagine all of those market caps fused into bitcoin market cap. Bitcoin should be able to reach over $50,000 at the moment, despite the lacking of scalability.

[AicecreaME]

See, in the hypothetical situation where there is no other cryptocurrency than Bitcoin.
We would have never reached the potential that we have today for the cryptocurrencies because it was not just the BTC but so many other alt-coins that made news and spread the word about it.
Moreover, the TPS of BTC is so low that it would never reach mass adoption because even here, the higher TPS alt-coins made it possible to use cryptocurrency for day-to-day purchases and transactions, thus reaching mass adoption.

So, the price wouldn't be high but very low.

I disagree, if altcoins was never created, Bitcoin will steal all the spotlight making itself more shinier, and its price would be crazy high than we could ever imagine. Imagine if all of the Investors, merchants and people will only use bitcoin because it is their only choice, mass adaptation would have been successful a long time ago, but since Bitcoin attracts too much attention for other people to create their own coins, I guess that affects the Bitcoin's price and its spotlight as well.

[Wintersoldier]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

I see it as not beneficial, basically, it is not just bitcoin that attracts huge market value or volume in the market. Mostly, advertisements from ICO's and altcoins contributed greatly to the development of cryptocurrency space and eventually helped to make bitcoin, the best cryptocurrency ever created. In summary, altcoins and bitcoins are helping each others to develop and attract investors that yields to cryptocurrency adoption around the world.

[darkangel11]

There are many values to consider here like if potential investors are choosing between bitcoin and altcoins and if those investors were unable to buy altcoins they would choose bitcoin. I don't believe this to be the case. Many altcoin investors chose them because they already had bitcoin and wanted something else. If they had no altcoins to choose they'd buy gold or something else like stocks.

[Herry Toms]

I think other altcoins don't have such an impact on bitcoin prices. It's about demand and supply when more people want more bitcoin prices to go up. So other alts have no effect on bitcoin prices.

[Dabs]

The simple calculation would be to get the overall total marketcap of all coins combined, and since we take them all out, that would imply bitcoin is that marketcap.

At today's domination percentage of around 70%, that means add another 30%. That implies a price of about $12k USD instead of $8k. If the OP could make it so, the price would probably be a lot higher too, there are so many other factors involved, it may even be exponential.

[jarhed]

I think other altcoins don't have such an impact on bitcoin prices. It's about demand and supply when more people want more bitcoin prices to go up. So other alts have no effect on bitcoin prices.

Altcoins actually have a big impact on the price of Bitcoin. Thousands of coins provide great liquidity to Bitcoin, they are traded directly for Bitcoin. Therefore, Bitcoin needs all these coins at a high price.

[omone1]

Then bitcoin price would have been heavily traded and the price would maybe be something else by now, and the level of war against it by big banks would have been very massive. But practically wouldn't have been so good, because of the need for more complementing technology.

[teosanru]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

No other currency and no other Cryptocurrencies are two altogether separate issues to address on. No other Cryptocurrencies would mean the whole volume of other coins being pumped into BTC which would naturally make it much more valuable than what it is now. Moreover there would not be any types of ICO or projects and even number of exchanges too would be pretty less. On the other hand if there were no currencies altogether instead of bitcoin then maybe we would just end up with bitcoin due to a deflationary spiral and come back to fiat bitcoin.

[Dreamr]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

Without altcoins or any other cryptocurrency out there, the bitcoin price will be more expensive than the current market value. altcoins reduce the bitcoin market value since they are bitcoin alternatives. If you look at some of the altcoins such as litecoin, bitcoin cash, monero, and others - they are just bitcoin prototypes with extra features.

[Rufsilf]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

Market competition makes prices go up and down as the market demand fluctuates also. If Bitcoin stand-alone, I don't see prices keep so high and higher but rather to stay at low or we may see no volatility around. If we think about USD or even our local currency, does it moves higher? Is not, and it is the same thing that might happen if we only have bitcoin alone.

[boyptc]

Total market cap: $227,146,788,090

Let's compute it if there are no altcoins that will share the market cap as of this date.

Total circulating supply of bitcoin: 17,992,337BTC

$227,146,788,090 / 17,992,337BTC = $12,624

Source for total market cap and circulating supply of bitcoin --> https://coinmarketcap.com/

That implies a price of about $12k USD instead of $8k.

Yeah $12k, same as the calculation.

[AjithBtc]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

There won't be big impact felt if there is no altcoins, but the growth of bitcoin might have got limited. Another thing the services offered by bitcoin won't be big as now. All the growth with bitcoin is caused by altcoins, because without competence there won't be big growth. With the existence of altcoins there is competence and continued development to stay on the top. This is how bitcoin succeeds against altcoins.

[Reid]

We might see a higher value or may not.

It will depend on the situation and we wont see that anymore.
It is not about the competition but more on how people will take bitcoin into another level which may be used in every day life.
We are seeing merchants declining the usage of it because of its volatility.
So why it is volatile?
Because there is a another crypto to be paired with. Selling it back to another crypto or to fiat loses its value and then some will buy back.
What if it will just rotate in the internet. There is no selling point until a certain time? Those are the kind of questions before.

[Janation]

I think this is impossible.

We all know we humans always want to develop things.

If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.

[Zeke_23]

I think this is impossible.

We all know we humans always want to develop things.

If there are no other cryptocurrencies, it is plausaible to say that there are no Bitcoin too. And let's say it did happen and Bitcoin is there without altcoin. The closest possible thing to happen is it to die. If there will be no other cryptocurrencies, then investors has no interest in this technology, easy as that.

Indeed, Humans always look for an alternative in everything. If altcoins is not discovered, there will be still another crypto that can be use as an alternative for Bitcoin. If there will be no other cryptocurrency the possible thing to happen is bitcoin wont be able to move up and it will just easily die.

[dimonstration]

How you are wondering for high price if there is no competitor?

We will only see it's value when it have something to compare with, we can't compare it to fiat or in stocks since they are different market or platform. Bitcoin will only be like paypal or any other transactions method that send money, make an online payment, receive money. Without altcoins it can be tradable only converting in our fiat is it's use. Somehow will be like a plain fiat put in a digital transaction.

[Aying]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

The price will up triple.. but if that happen we will still depend of the price? I bet everyone find on how it can be use more than gaining more profit. a lot of businesses and companys will boost to use btc as main payment. without other altcoins btc now are accepted all over the world. maybe, government will find a way to use btc as our main currency that everyone in each country will use.

[Flor1982]

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

Expect the price of Bitcoin to become more expensive as your money for investments will not be divided and will be just for Bitcoin only making the demand of it to become high. In fact, there are lot of fortunate people before who become rich by now because they did not missed the opportunity to invest when the only crypto that exist was only Bitcoin.