No other currency

[crossabdd]

bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.

[peter0425]

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.?

Well if that’s the case maybe bitcoin price will remain Penny ,because no trading will happen and competition wasn’t in effect.if I would to ask,do you want this to happen?or wish that there’s no altcoin ever?surely you don’t roght?
People will not be interested in currency like crypto of bitcoin is the sole currency even created so better back off and don’t ask same question again
You can’t call market if there is only one  choice

[bounceback]

In my opinion, for example, there is only one crypto currency, only bitcoin and no other altcoins. We can say that the price of bitcoin is the same as usual because the bitcoin prices that we often see in the last few months are not affected by other coins even now bitcoin is one of the coins that affect other altcoins where if bitcoin prices go up high then most of the other altcoin prices too goes up.

[Oasisman]

bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.

Nope, how could you trade with just Bitcoin? That doesnt make any sense. I couldnt think of some scamming issues while trading various kinds of altcoins in the market. I guess you mean investing in ICO/IEO could lead an investors to be scammed? But, anything you said about trading doesnt make any sense.

[Anonylz]

Bitcoin would have been more expensive than what it is now, because all the attention will be on btc like it still is, even with so many alts flooding the market the attention is solely on btc, people prefer to hodl more on btc than rest of alts, btc dominance already display it as well, so without any other alts in existence btc would have been more demanded and very high in price.

[Murat]

It would be difficult for the only Bitcoin to make this cryptocurrency platform as we see here, I think product development is the main issue of making a new platform, so without other Altcoins, the development or evolution of Bitcoin would face a lot of challenges, market developers are the main keys of this mechanism, they are getting in the competition regarding the price and position, So bitcoin has got a lot of bases in terms of development. without existing Altcoins, Bitcoin price would be very low, the transaction of Bitcoin would be an also very low level because of Altcoin movement is the main element of Bitcoin transaction so far, In my opinion, they are both complementary tools.

[Leyss]

One can hardly say for sure that if there were no altcoins, then bitcoin today would be of much greater value. It was their interaction in the cryptocurrency market that gave the current result. Would gold be of great value if there were no diamonds, silver and other valuable metals? Who can say for sure? Perhaps this situation is simply impossible. We will always have alternative solutions to our problems.
On the other hand, would the dollar be of great value if there were no other national money in the world? I would not say that. There would be a different approach to value setting.

[matchi2011]

One can hardly say for sure that if there were no altcoins, then bitcoin today would be of much greater value. It was their interaction in the cryptocurrency market that gave the current result. Would gold be of great value if there were no diamonds, silver and other valuable metals? Who can say for sure? Perhaps this situation is simply impossible. We will always have alternative solutions to our problems.
On the other hand, would the dollar be of great value if there were no other national money in the world? I would not say that. There would be a different approach to value setting.

Different approach indeed. There's always other side of opinions and to whatever extent it just simply for anyone's own views.
But like what you've said, comparing things to other venues of investment, value will depends from investors appreciations.
With defining the industry bitcoin went to this level with how the current market reacts.

[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.

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.

But as the situation given by the OP, there will be no altcoin created.

Despite Bitcoin being a new tech, they are not appreciated by the investors in that scenario.

And I doubt that even other altcoins would be created, it will still be ending at Bitcoin. No other ending but Bitcoin.

[Sadlife]

bitcoin without altcoin is fine. and I think prices will be higher. because traders focus on just one coin. and not divided like this time. I think too much altcoin is just messing up cryptocurrencies because scammers are becoming more numerous. and make investors trapped and afraid of investing in crypto.

is this serious mate?how can traders do trade when there is only Bitcoin in market?

just bitcoin to fiat?sounds funny lol.remember that competition make this market more healthy and functional and that's the same reason why Bitcoin is now on top and being treated as king of crypto

In my opinion, for example, there is only one crypto currency, only bitcoin and no other altcoins. We can say that the price of bitcoin is the same as usual because the bitcoin prices that we often see in the last few months are not affected by other coins even now bitcoin is one of the coins that affect other altcoins where if bitcoin prices go up high then most of the other altcoin prices too goes up.

you cannot compare market if theres nothing to compare with,you can say that because there are existing altcoin but if not?how can you compare the movements?

[josephrioveros123]

Thankyou guys for your reply now I know I am enlightened that we also need alt coin. For us to make  profit on the crypto currency world. Alt coin plays a crucial role on this. And also for the traders because not all of the time there is a movement on bitcoin so they use or trade other currency instead. thankyou and that is my analysis based from your answers.

[michellee]

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 never imagine or never though if a cryptocurrency doesn't have altcoin, and I don't know how high the bitcoin value. When there is a chance to make more money, people will tend to create a new way so they can make more and more money. Maybe that is the reason why there is altcoin besides bitcoin. And with the altcoin, it does help us to make more bitcoin, which we can convert into fiat, and we should thank you to the altcoin. Bitcoin can change people's perception of cryptocurrency, but with altcoin, cryptocurrency can survive for a long time.

[blckhawk]

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.?

If altcoins were never made, I suspect that bitcoin would not grow so much either. Part of the altcoin trading is that altcoins are used to be exchanged from and to bitcoin, then to local currencies. If altcoins did not exist, demand for bitcoin and awareness of people is lesser than we had today. Who would want to buy something that cannot be seen and can only be traded to USD or your local currency? People would just trade in Forex instead. That's why altcoins still has part on where bitcoin today is.

[yulionoo]

in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.

[jets567]

in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.

You are right because of the altcoin hypes, people become more aware about Bitcoin and help the price grow due to the investors who bought Bitcoin first before investing it to other altcoin. Nevertheless, Bitcoin can still achieve what it has until now even without these altcoin but in a slower progress. Bitcoin already have a strong community even before the altcoin created but because of it's creation the community become more lively and Bitcoin supporters increased.

[MicroGuy]

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 think Bitcoin has reached its peak never to see $20K again.

Keep an eye on the upcoming projects that aren't controlled by shady corporate entities.

[Xxmodded]

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.

Exactly not potential other altcoin except bitcoin could have reached to higher price, with thousand kinds altcoin still lower price under bitcoin. After bitcoin as currency I think not other altcoin can be competitor for bitcoin as currency payment, altcoin have weakness can't be stable coin because lower price, bitcoin could be better with higher price and get support for recovery back to higher price.

[Rufsilf]

in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.

Competitions make the crypto market alive and the demand will also be increasing. As we can see that a lot of altcoins are in the deep lows or we may say dead cause they are out from the race. It is similar to what happened between fiat money and Bitcoin, people have options.
If we only have Bitcoin, I don't think that we even reach into $5k, not saying it will stay at $1 each but probably it won't go much higher.
I may say, we are too thankful for altcoins existence and this is a reason why Bitcoin becomes valuable.

[nasipadang]

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.?

In my opinion if there is no other digital currency besides bitcoin, there are 2 possibilities. Firstly because of the absence of altcoin or cryptocurrency other than bitcoin, the market demand in bitcoin will be even greater and prices will go up, this is if the user still believes in bitcoin. The second is because there is no concept development on the blockchain for bitcoin, users may not be interested anymore because I think there will be many problems that arise in the market, which will have a negative impact, so bitcoin is abandoned. We need altcoin to develop the technology available on the blockchain, because there are still some weaknesses in technology and can still be developed as well.

[gaston castano]

if there were no other crypto currencies then btc would not be as popular now.
maybe it's true that alt prices depend on btc, but btc also depends on alt.
just imagine if there is only btc, then there are no smartcontract, ico, ieo, other blockchain events, btc will only be a stretch of sand in the desert.