Altcoins delist and Bitcoin only

[GideonGono]

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 they are just protecting the users from fraudulent and scams. Nowadays, most scams are coming from altcoins and delisting them on their exchange is a good start to prevent this. Bitcoin on the other hand has been reliable on the past decade, so retaining it is also not a bad idea.

I think it also because now, that was hard to find some good investor because of the name altcoin from the case of a lot scammers who do create a coin to perform scam. I think when you introduce bitcoin for the investor then they can invest for Bitcoin only and they fault if they want to use altcoin. Just to warn people or investor about altcoin.

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[jostorres]

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

Yep a lot of companies/exchanges trust Bitcoin more than altcoins, and not just exchanges alone, including Investors. Just like early today I read news that Coinfloor which is the oldest cryptocurrency exchange in the UK plans to remove Ethereum from their exchange and not just ETH, including Bitcoin Cash (BCH). And it's also not a new thing that a lot of exchanges usually delist altcoins that are struggling in the market, I have seen a lot of them do that. Altcoins don't really get much, much focus is on bitcoin and it has such an advantage for being the first in the market.

I think they are just protecting the users from fraudulent and scams.

Yes. This is the reason in recent times, few experts predicted that 99% of altcoins will hit zero value which must have triggered many business people to draw a new decision of not supporting altcoins. We cannot be sure which ones are going to survive which may lead to ignore all of them. I guess very hard time ahead for altcoins.

[Teraboy]

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 they are just protecting the users from fraudulent and scams. Nowadays, most scams are coming from altcoins and delisting them on their exchange is a good start to prevent this. Bitcoin on the other hand has been reliable on the past decade, so retaining it is also not a bad idea.

I think it also because now, that was hard to find some good investor because of the name altcoin from the case of a lot scammers who do create a coin to perform scam. I think when you introduce bitcoin for the investor then they can invest for Bitcoin only and they fault if they want to use altcoin. Just to warn people or investor about altcoin.

It's not about the bitcoin or even the scammer. CEO has already explained very well about that if too much promises that already offered by various platforms that none of them become a real thing right now. that means  if the whole of crypto except bitcoin offers nothing. CEO wanna see the further development of altcoin.
In this story, it's about the altcoins must prove its existence by solving what they have been promised in the past.
If they can't do that and coinfloor will always only use bitcoin.

[Chainsmokers]

I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).

As long as many projects are still growing and people want to invest in them, it is certain that many will continue to grow new altcoins. although maybe later altcoin that can not develop by itself will disappear from circulation. bitcoin and ethereum will clearly continue to appear, because both have complementary functions for the growth of the new altcoin. so I believe not only bitcoin and ethereum are still there.

In my opinion, new altcoin will continue to appear and maybe only a few coins can survive and some will disappear. For me bitcoin is indeed more promising than other coins, but this does not mean that other coins have no potential and can provide benefits, we should be able to look for opportunities from some potential coins so that what we do does not fail.

[anjiitem]

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

Bitcoin is more popular than altcoin and it is true that bitcoin is more widely used than altcoin. But for me personally this does not mean that altcoin is not feasible or needed in the future, I think altcoin will continue to exist and as time goes by altcoin will follow bitcoin, maybe not all coins will succeed but there must be an altcoin that can compensate for bitcoin and will be able to provide benefits for many people going forward.

[Sembadapuja]

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. Altcoin is still needed to revive the cryptocurrency market. 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.

[Adriano2010]

There is not good to have only bitcoin because we also need some altcoins who solve the problem that bitcoin have, and also need maybe new technology which new altcoins maybe will provide.

[Vishnu.Reang]

There is simply not enough room in the market for thousands of altcoins. And we need to remember that many of these coins don't have any practical usage, and the vast majority don't even have the preliminary phase of development completed. So it is not surprising that many such coins are getting delisted. But at the same time, the good coins are not only surviving, but thriving as well.

[Thomas-s]

There is not good to have only bitcoin because we also need some altcoins who solve the problem that bitcoin have, and also need maybe new technology which new altcoins maybe will provide.

if we talk about cryptocurrency only as a tool to save and increase our money, then there is nothing wrong with buying and holding the only bitcoin. I agree that altcoins have a very high technical superiority over Bitcoin, but how many users now really use these altcoins in real life? now 90 % of people interesting only in earning money

[Best Dreams]

There is not good to have only bitcoin because we also need some altcoins who solve the problem that bitcoin have, and also need maybe new technology which new altcoins maybe will provide.

It is all your own choice either you want other altcoins or not but as I think it’s good to keep both in your portfolio as having bitcoin is the best thing but we should get some altcoins as well. There are so many altcoins but we should choose the best one such as ETH and Ripple these two Altcoins are good for investing our money as it gives profit the same as bitcoin gives. So now a day we should buy some ETH as they are at a low price.

[Slingshot]

Market wouldn't function as it's supposed to if we have just bitcoin alone, having altcoins with bitcoin is a good one and it will enhance more growth as some people like it much and like day trading etc with them of which they will hardly do with bitcoin. Market with just bitcoin will certainly not do well.

[HabiebRiziq]

I also think so, but every crypto has its own function. It's a lot to say that the fore only Bitcoins survive this because Bitcoin is the King of crypto. But another altcoin I think there is also like Ethereum that works as a virtual machine that can run a peer-to-peer smart contract with a cryptographic cryptocurrency ether (ETH).

As long as many projects are still growing and people want to invest in them, it is certain that many will continue to grow new altcoins. although maybe later altcoin that can not develop by itself will disappear from circulation. bitcoin and ethereum will clearly continue to appear, because both have complementary functions for the growth of the new altcoin. so I believe not only bitcoin and ethereum are still there.

Bitcoin and ethereum are indeed two complementary coins. I think these two coins are good coins or you could say coins that have greater potential to be able to give us an advantage compared to other coins. Not that other coins are bad coins and can not provide benefits but in my opinion, if I want to invest I will choose both coins.

[naikturun]

I do not agree and I doubt it, I mean bitcoin is made and used only as a means of payment, maybe no one will be able to beat it in the rank 1 capital.
but in terms of other developments altcoin also has an important influence, trust me bitcoin won't be able to be alone.

[Russlenat]

They have their own strategy, if they think that's good for the exchange then they will think of doing it.
However, for me it's not a good approach, listing a good altcoins by doing a proper study and investigation prior doing it is the right thing.

When we say crypto market, we talk about the entirety of the market and that includes altcoins.
Bitcoin is kind of safe for exchanges but their profitability might also reduce.

[Trela]

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'm not sure if we will only use Bitcoin as a single currency in the Cryptocurrency ecosystem. But I believe that in a future where cryptocurrencies are legally accepted, 90% of altcoin projects, tokens, ICOs, IEOs, etc. will all fall apart, just like the financial bubbles have previously taken place in the past. That's important to help the crypto be transparent again.

Btw, as long as ETH completed its project to change PoW -> PoS, I believe Coinfloors will have no reason to delist it like now.

[michellee]

I don't think that they will delist all of the altcoins because, without altcoin, bitcoin cannot have a value in the market, and I don't think that bitcoin price can increase higher. Bitcoin cannot work alone without altcoin because bitcoin and altcoin can not separate, but if they still do that thing, we can only wait and see for what will happen later. I am curious if that news is real, and I want to know what will happen.

[Kersh768]

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 they are just protecting the users from fraudulent and scams. Nowadays, most scams are coming from altcoins and delisting them on their exchange is a good start to prevent this. Bitcoin on the other hand has been reliable on the past decade, so retaining it is also not a bad idea.

I agree. Many people are now thinking that whenever you talk about Altcoins, the first thing that comes into their mind is that Altcoins which mostly or all comes from ICO projects are scams. That is why the way for them to be able to protect the users of crypto in the crypto community, some or many exchanges are starting to delist Altcoins up until almost Bitcoin will only remain because many people think that despite of what Bitcoin's situation is currently into, which is drop down in terms of price value, still Bitcoin was the only reliable and most trusted cryptocurrency of all time. But better think of it, once most or all of the Altcoins are already delisted leaving Bitcoin alone, we will now be dependent on a single crypto. What we need to do is just sort out those that are proven scams and leave those that are not because even there are lots of scam cryptos in the market, there are still good and trusted Altcoins you can have aside from Bitcoin alone.

[kawetsriyanto]

Delist For most altcoin garbage is necessary because their innovations are useless

I agree with the statement about delisting "garbage" altcoins. However, they also delist all altcoins, including ETH. In my personal opinion, ETH is not one of these garbages.

This might indicate if Coinfloor really is improving their criteria and system including to only considers BTC as the only proven cryptocurrency, especially in terms of transactions and progress in the market.
However, is this only because of the reason (only proven crypto)? Or, Does Coinfloor have a certain strategy to encounter this market condition right now?

[joshua123]

Funny the whole market comprises of BTC and altcoin do you think if only BTC is listed there would be so called market? With what stablecoins? Yes altcoins are totally copycat but dont you realize that altcoins somehow more improved than btc? Im not saying all but some are superb platform.

[superstrength]

There are many people, even some services that only trust and invest in bitcoin without thinking of other altcoins. Because of the limitations of altcoin and the reliability is not much. But I think you should think of altcoins as they are also very good.