No other currency

[cryptoknightt]

if no altcoin is created again then it is definitely the people will focus more on coins that have very good potential, for the main coin they will definitely focus on bitcoin so this unwittingly can have a good influence on the price of bitcoin which can be very expensive because many will focus on bitcoin and some altcoin because there is no new altcoin anymore.

[meanwords]

Let's admit it, altcoins did have an impact to Bitcoin. With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised. Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.

Remember, people need to buy Bitcoin first before they could invest into altcoins.

[Kambal2000]

Let's admit it, altcoins did have an impact to Bitcoin. With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised. Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.

Remember, people need to buy Bitcoin first before they could invest into altcoins.

Yes, Bitcoin can stand on its own whether there is altcoins or not, there are thousands of altcoins out there but still Bitcoin is the number one and cannot replace, unless there is something bigger than Bitcoin that will developed, but so far Btc has been a well known and little by little adopting by users and government, so it will not replace to top as of the moment.

[barabarian1]

if there are no other currencies we will not be able to diversify. diversifying investments I think is beneficial because we can count on several coins not just one coin. if for example the value of coin A goes down we can still expect on coin B to experience an increase. and if there is no altcoin the crypto market will not develop as fast as it is now.

[TheUltraElite]

Let's admit it, altcoins did have an impact to Bitcoin.

The only thing to admit is that altcoins are copycats from forks of bitcoin or tokens made on ethereum blockchain or another new mining algorithm.

With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised.

No. They were all in promoting their own altcoin, not bitcoin. You just thought of it in the wring manner. But dont worry, many others also did. Their point was to use bitcoin as a source of interest to gain interest in altcoin.

Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.

No. Majority of bounty spammers are bottomfeeding 3rd world country people who are desperate to get some money earned to feed themselves. They rarely care about the project its legitimacy. The proof of this is the number of scam projects we see and the promo squad behind them, who they cry why they didnt get paid.

Remember, people need to buy Bitcoin first before they could invest into altcoins.

By saying this you debunk your entire argument. Bitcoin is the first. All others a waste of time and money.

[Meowth05]

if there are no other currencies we will not be able to diversify. diversifying investments I think is beneficial because we can count on several coins not just one coin. if for example the value of coin A goes down we can still expect on coin B to experience an increase. and if there is no altcoin the crypto market will not develop as fast as it is now.

You have a point diversifying our funds is one of the best strategy in investment but in my opinion you don't need to diversify your investment if it placed on Bitcoin because it is guaranteed that you will get a return.
Bitcoin can stand alone even if don't have any altcoins surrounds it because Bitcoin is independent however, the market will not be the same as it now if altcoins doesn't exist.

[mkcjeewantha]

  In my opinion, BTC is strong enough to stand alone... but when you think about more seriously about this its better to have strong but few alt coins as well, because as too many cooks spoil the soup.. this market should be a clean and clear one for all of us to get 100% benefit from this. as i think btc will dominate as the number one on the list.. and in the near future almost all the people will get use to do their day today activities using this currency system.

[DabsPoorVersion]

In my opinion, BTC is strong enough to stand alone... but when you think about more seriously about this its better to have strong but few alt coins as well, because as too many cooks spoil the soup.. this market should be a clean and clear one for all of us to get 100% benefit from this. as i think btc will dominate as the number one on the list.. and in the near future almost all the people will get use to do their day today activities using this currency system.

BTC was able to maintain its value even if it's just alone.
However, we can't deny that bitcoin has many flaws, altcoins fulfill those imperfections.
There is no one who can tell how bitcoin will stand right now if there is no altcoin beside it. But it will not be so popular if there is no altcoin that was created after bitcoin.

[dentolas]

I think the price would be very low... BTC alone serves only very few purposes... it is very strong as the king of crypto, but without the alts it would be weak
Altcoins have helped crypto to gain supporters and introduced blockchain in so many aspects of our daily lifes... BTC only aims at money
Besides, BTC is not at all ready for adoption as the transfers take too long and are very expensive... it won't be in it's place if there were no alts showing that scalability is possible

[Wysi]

I think the price would be very low... BTC alone serves only very few purposes... it is very strong as the king of crypto, but without the alts it would be weak
Altcoins have helped crypto to gain supporters and introduced blockchain in so many aspects of our daily lifes... BTC only aims at money
Besides, BTC is not at all ready for adoption as the transfers take too long and are very expensive... it won't be in it's place if there were no alts showing that scalability is possible

But if there was no bitcoin then I think there wouldn't had been any all coins and yes money transfer through bit coin is long as sometimes it takes couple of hours compared to lightening fast transfer option available through altcoin and altcoins does have additional features but bitcoin has won the trust of investors that's why it's still the king of crypto and whenever there is a fall people switch to bitcoin so it's altcoin which needs bitcoin in order to survive.

[Fappanu]

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 don't know what will happen here but I think bitcoin prices will increase. Because there is no need to invest in another crypto currency. But it definitely has a negative effect as its price will drop faster because there is no support for other altcoins.

[TheUltraElite]

and in the near future almost all the people will get use to do their day today activities using this currency system.

Very optimistic but in my opinion people will use both fiat and crypto, maybe not in equal proportion but whatever is available from their ownership and how much crypto and fiat is accepted by their merchants. It would definitely be good to more merchants coming in with bitcoin as payment system.

However, we can't deny that bitcoin has many flaws, altcoins fulfill those imperfections.

Same old propaganda used by altcoin shills to brainwash others. Can you list some "flaws" in a objective manner?

There is no one who can tell how bitcoin will stand right now if there is no altcoin beside it.

Would stand pretty strong, even if there were zero other altcoins.

But it will not be so popular if there is no altcoin that was created after bitcoin.

Wrong. Altcoins are created by people who want to make money by making their own shitcoin and attempt to get investors into their scheme. All their goal is to sell of their share of the shitcoin when the pump happens and thus exit the market and abandon the project. Again bitcoin is not controlled by any such group so its more safer.

[tambok]

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 don't think that it would effect the Bitcoin price or Bitcoin's market cap much. Bitcoin is not linked to any other cryptocurrency or altcoin. So, I guess Bitcoin would be very valuable again.

Altcoin created to complete with cryptocurrency where bitcoin have many partner with altcoin, although bitcoin always under bitcoin dominance make crypto world large with present of altcoin, every day create new altcoin and make bitcoin become stronger we many support from altcoin kinds, investor have choose to invest with thousand altcoin have listed on exchange market and give much profit each altcoin listed.

If there is no other digital currency and only Bitcoin, then imagine the price of it nowadays, imagine the demand it gives, the value and wealth it gives to the people who has a lot of it and invested at a very cheap price.

So, lets be thankful that at least nowadays, we do have a lot of digital currency as an alternative to Bitcoin as we want to hold more of our Bitcoin and we don't want to spend it yet .

[Wysi]

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 don't think that it would effect the Bitcoin price or Bitcoin's market cap much. Bitcoin is not linked to any other cryptocurrency or altcoin. So, I guess Bitcoin would be very valuable again.

Altcoin created to complete with cryptocurrency where bitcoin have many partner with altcoin, although bitcoin always under bitcoin dominance make crypto world large with present of altcoin, every day create new altcoin and make bitcoin become stronger we many support from altcoin kinds, investor have choose to invest with thousand altcoin have listed on exchange market and give much profit each altcoin listed.

If there is no other digital currency and only Bitcoin, then imagine the price of it nowadays, imagine the demand it gives, the value and wealth it gives to the people who has a lot of it and invested at a very cheap price.

So, lets be thankful that at least nowadays, we do have a lot of digital currency as an alternative to Bitcoin as we want to hold more of our Bitcoin and we don't want to spend it yet .

Bitcoin would have gained more value if it was the lone crypto in the market as whoever wanted to use anonymous transaction or payment across the borders without much hassle and without involvement of third parties like the money exchange would had no options left apart form using bitcoin but now they have numerous option which will reduce the demand of bitcoin in terms of payment transactions as there are beter options available in terms of altcoins for lightening speed transfers.

[Upgate]

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.?

it's actually makes sense but unrealistic but the price of bitcoin would expand if bitcoin becomes the only coin in cryptocurrency because we would have few options than to join bitcoin the amount of cryptocurrency investors are large but are being distributed across other coins

[wxa7115]

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.?

It is difficult to know, the code of bitcoin is open source so eventually altcoins would have been created, but if for some reason that did not happen then all the money currently invested in the whole market will be in bitcoin, it is also likely that the developers will be pressured to add more functions to bitcoin than what we have now but it is doubtful if the developers could make the best possible job when facing such pressure.

Despite the despise that some members of the forum have for altcoins the truth is that we need them, bitcoin cannot do everything and it is OK to have other coins specializing in certain aspects like privacy to allow bitcoin to perform its main function which is to be a currency.

[Viscore]

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.?

it's actually makes sense but unrealistic but the price of bitcoin would expand if bitcoin becomes the only coin in cryptocurrency because we would have few options than to join bitcoin the amount of cryptocurrency investors are large but are being distributed across other coins

Bitcoin would surely have a higher price than today because investors will just focus investing on a single currency. But even if there will be other currencies in the crypto market, bitcoin is not really much affected because it's still dominating the market today despite of the numerous altcoins competing in it. Bitcoin will still be the leading currency.

[diahsw]

In my opinion, if the digital currency was only bitcoin, I think the price would have skyrocketed, and the purchase rate would be more than sales, it could cause prices to continue to go up like that, and the reality today is not like that.

[oktana]

It is difficult to know, the code of bitcoin is open source so eventually altcoins would have been created, but if for some reason that did not happen then all the money currently invested in the whole market will be in bitcoin, it is also likely that the developers will be pressured to add more functions to bitcoin than what we have now but it is doubtful if the developers could make the best possible job when facing such pressure.

Despite the despise that some members of the forum have for altcoins the truth is that we need them, bitcoin cannot do everything and it is OK to have other coins specializing in certain aspects like privacy to allow bitcoin to perform its main function which is to be a currency.

I see it in the aspect of connected market volatility. Without altcoin, bitcoin will not have a large growth in periodic estimates, without altcoin also it will not make economic instruments on the exchange have a solid rhythm. bitcoin will have a fixed level of stagnation and will lose value in the long run if it stands alone without supporters.

[millennium00]

We must analyze them in two ways: the first is to consider that the other projects would never have existed and in that case, BTC in my opinion would have a much higher price, because people would be focused on a single project.

The second point of view is that the other cryptocurrencies begin to disappear progressively, in my opinion that would not be healthy for the ecosystem, because millions of users would be dissatisfied and with a negative opinion towards cryptocurrencies in general, a good level of diversity and competition is always positive in any market.