Altcoins delist and Bitcoin only

[BitcoinHunt3r]

Well, maybe it is their decision. If people want to trade there are a lot of other exchange that  we choose. For me actually it is good, because some exchange must really strict to altcoin that want to listed if not want to blamed by people who lose in that exchange (although i think m aybe delist all altcoin and leave bitcoin is really really strict) but maybe good quality of altcoins is already good to trade.

[1714905120]

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[nicolas1979]

As an idea that is good but please see the real condition right now. If only bitcoin use it, network will crowded and fee for every activity will rise in high level. Altcoin is solutions for this problem and can be use as alternative income if bitcoin has negative movement. See altcoin as opportunity not problem that we need to destroy.

[Aabcde]

From this news, I can conclude that the government has begun to recognize bitcoin a little, but not for altcoins, which are likely to be short-lived. I think this decision is good too, because gradually Bitcoin will be increasingly used in every transaction. Come to think of it, for what is actually too much altcoin. 3-5 is enough in my opinion. But since crypto exploded, lots of new dev have sprung up looking for luck which finally only looking for fast money. This is what makes altcoin too risky as a method of payment because it is temporary and unclear.

[cutesgirl]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

Do you know why faucet only available earning with bitcoin only? they want give little reward for faucet participants and using other coin like eth and ripple maybe they will higher amount, when bitcoin have raise with higher price faucet will give little reward again for participants and keep using bitcoin as their payment transaction.

[maxreish]

It should be the ones that are no useful in the crypto market anymore and those that are not being traded. I have to disagree at some point about the delisting of ALL Altcoins on their exchange. But at some point we can't do something about their decision.

Though i do think Ethereum has a great use along with bitcoin, but for them Bitcoin is the only one who has an impact and purpose and should be the one to stay. We can't blame them, altcoin's reputations were not that quite good.

[starblocks]

This is primarily because the regulatory landscape is still quite uncertain for a lot of alternative cryptocurrencies and this poses risks for investors so to play it safe its probably better to stick with options that are considered commodities and not securities if you're a risk averse investor

[setialovers]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

I think Bitcoin will not survive alone in the cryptocurrency market. Altcoin has started a lot of good and began to be accepted at various merchants. It takes time for altcoin to develop and I think Altcoin still has opportunities and places in the cryptocurrency market

[bering]

This is one of the oldest crypto exchange in UK and their reasons why delist all of altcoins including Eth was very interesting that they says bitcoin is the only cryptocurrency that is proven so far but in my view this is not too good and admitted or not the exchange will need altcoin because some of people has became an altcoin users and if this happend i was wondering whether they still have a lot of costumers or people switch to another exchange

[andika2018]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

I think it's too much if in the cryptocurrency market there is only Bitcoin. Bitcoin may be the main factor why people invest in crypto but with the development of blockchain technology, altcoin is still needed to revive the cryptocurrency market. Many coins have emerged with the latest blockchain technology including DAG technology and this indicates that Bitcoin cannot be alone in the crypto market

[btc_angela]

It's actually a good move for coinfloor if all they want is to delist all the altcoins that they have. This ain't something that is going be a big news though but this is a nice starter and initiative.

There's the part that they may get list Ethereum as per article.

Exactly, so I'm not surprised by this move, although there are good alt coins to be begin with, but obviously BTC is the most traded currency. And with the worsening market conditions, it's just about time that many of those shitcoins gets delisted.

[DaMut]

this is just a temporary decision because of the government's latest regulation to prevent fraudulent projects. there will be a time for them to re-list the altcoin after the government has a better way to protect the investors other than blocking the coin or restricting it. at least for now altcoin will not die, bitcoin still has a lot of room to grow and it needs altcoin to make a breakthrough.

[aioc]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

I don't think in the future we are going to use Bitcoin only, there are a lot of coins in the market that can compete with Bitcoin in terms of community support and usage, and these coins like Ethereum are gaining momentum on their project, Ripple, Binance is still in contention as the best coin in the market.

[tiang_tower]

I think Bitcoin will not survive alone in the cryptocurrency market. Altcoin has started a lot of good and began to be accepted at various merchants. It takes time for altcoin to develop and I think Altcoin still has opportunities and places in the cryptocurrency market

That's right, if we look at the opportunities, there are still opportunities, because altcoin developers won't stand still in order to develop their altcoin in a better direction, and I also hope that altcoin can quickly find a good place in the cryptocurrency market.

[xZork]

There are many exchanges on the cryptocurrency market and each one has their own trading strategy. Cryptocurrency exchange Coinfloor will cancel all cryptocurrencies except Bitcoin could be a new business strategy for them. This is a breakthrough step in the current situation.

However, what I'm still confused about is why they also delisted two biggest altcoins (ETH and BCH)

According to the CEO, Ethereum technology has not been proven so far because it has yet to overcome major changes including the network transition to Ethereum 2.0, which is expected to take place in January 2020. Nwosu said:

[Furious 7]

The obvious truth is that most altcoin are not trusted because they end up becoming scam projects and as such may be useless to the holders that explains why bitcoin is always chosen as a means of payment and settlement of debt. Altcoin could easily be delisted from an exchange but I haven't seen an exchange delisting bitcoin.

Altcoin cannot be relied on in the future for payment because altcoin prices are often dumped and worthless anymore, it is true that altcoin is often a lot of scamer happens especially in projects that do not make any transactions from altcoin can not be used.
Bitcoin has adopted many, so transactions using bitcoin will be easier and have been done in several companies.

[fuer44]

I'm not really sure that bitcoin can do it alone. various things or shortcomings of bitcoin will surely be covered or will be supplemented by alternative coins, that's why altcoin emerged and still survives until now. if there is no altcoin, the crypto ecosystem will only become monotonous and only rely on bitcoin payment instruments without any new ideas and interesting innovations from the altcoin team.

[Landak]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

https://cointelegraph.com/news/coinfloors-ceo-explains-decision-to-delist-all-crypto-but-bitcoin-to-cointelegraph/amp

if that is done then the hype about crypto currencies will decrease, because with the many choices in crypto, it will be easier for people to choose which one to invest. then the hype will always be high. this is from the point of an investor (me).
but if all altcoin is delisted and leaves only bitcoin, the good side is avoiding money laundering and fraud, the crime of using cryptocurrency can be minimized. there will definitely be many pros and cons.

[BChydro]

Some services here in crypto only trust Bitcoin then they not use Altcoins now like example in Faucethub that very useful and helpful in the past with different cryptocurrency but base in government restriction then they can only run with Bitcoin and not Altcoins then now i read this news so i want to hear your opinion about this because i think in future we can only use Bitcoin

If you look at the facts, bitcoin is the only coin that we can trust and the rest of the coins are derivation of the bitcoin source code and then there are privacy coins which the regulators will force them out of the exchanges and hence it would be wise for anyone to accept donations or payments in bitcoin as the regulations will be for bitcoin and who knows how the rest of the market will be viewed.

[shoreno]

what is the difference between alt and btc  ? both are still crypto and if they hate crypto then they will also hate btc  . i know faucethub on the past , it was a faucet isnt it  ? and yes faucethub suports many different cryptos but most of those are not that good at all  .

 it so confusing to support many alts but i guess it would be better to only support the good ones but leaving bitcoin alone is still better than nothing at all or closing the site faucethub permanently  because they also got alot of costumers  .

[XCANA]

That was a good move from Nwosu and will further strengthen the developer's who have taken it upon themselves to improve on Bitcoin. Bitcoin has been proven beyond reasonable doubt and have been a saver side when it come to financial. It has solved many problems and still Solving critical aspect of human financial needs. Bitcoin has proven its worth to the world and will be embrace.