Alt coins in the next century

[Myleschetty]

Hello everyone, I made my first post here and the words of advice were really touching(maybe it's because I am weak-hearted) and encouraging. Thank you all for making me feel at home.

Now back to my question. My thoughts were that alternative(Alt) coins were created by organizations or developers to serve as a digital currency for their product or service, or improve on the shortcomings of their parent coin. I believed an alt coin with a real purpose was here to stay like Bitcoin.

An altcoin with a real purpose may be here to stay like Bitcoin but it can never be like Bitcoin and if you must invest in an altcoin even if it's an altcoin with a real purpose if the project team is not the project's number one enthusiast don't invest in it.

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

There huge possibility for some altcoins to experience a massive pump in price if Bitcoin is legal tender but not all altcoin though.

2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance?

Bitcoin doesn't rely upon any altcoin and it's the altcoin that relies on the trend of Bitcoin to determine there next momentum. Bitcoin will never be generally accepted and won't be legal tender either due to some government political practice and understanding. However, if BTC is fully mined some reputable altcoins will get more traffic.

3. If alt  coins survive in the next century what is the reason it would.

The altcoin that will survive will the next century will be altcoins that solve some drawbacks in crypto and also have vast utility with use case.

4. Should alt coins be traded rather than HODL?

Altcoin can be traded and hodl but be sure of the altcoin will be relevant in the market for at least in the next 4years of market

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[Adbitco]

As you can see as days passes by the more altcoin are being launched and the more we are having new concepts concerning altcoins, so if bitcoin become legal tender as you said, the altcoin would still be there and may positively be affected by price of bitcoin, and none would compete with bitcoin. Know something very import that not all altcoin that have come to stay, some may be of a deceit in other to scam investors but i still have the hope that by then there may be a better way of securing investors funds whenever a new project wants to launched this could be possible if bitcoin is being accepted as a legal tender. 

4. Should alt coins be traded rather than HODL?

This best option left by you, you may decides to hold or trade it.
If those altcoin are promising coin such as ETH, BNB MATIC and any other reputable altcoin you may hold because they have a brighter future.

[yhiaali3]

3. If alt  coins survive in the next century what is the reason it would.

The only reason for Altcoin to survive in the next century is to have a real project, a strong team, and a follower capable of continuous development.

4. Should alt coins be traded rather than HODL?

For me yes "altcoins should be traded instead of HODL" at least the vast majority of them because so far the altcoins in the market have little confidence except for Ethereum.

[Silberman]

Asking Bitcoin when to become a legal tender is like asking when will be the world peace going to happen.

But on the other note for altcoins, they will eventually going to die soon while some may be forgotten and some will still continue to exist just like the ETH and other altcoins that has history. It is true that altcoins are just good for short term investment since most of them are subjected to pump and dump but there are other altcoins that depends on the Bitcoin trend so these are the best to hold for long term just like Bitcoin.

And one thing, even if Bitcoin is fully mined it still won't solve the price volatility because it has nothing and can't do anything to the people trading day by day.

The term altcoin refers to tens of thousands of coins which are independent from each other so it is not possible to give a general answer regarding their future, some will fail and some will succeed, however the majority of the altcoins will fail for two simple reasons, the first reason is that even if an altcoin is any good there could always appear a new coin which is even better and make the first coin to disappear, while the second reason altcoins fail is that they were simply a money grab by the developers and they do not care about the long term prospects of their project at all.

[kotajikikox]

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

who should know? but there is a  big possibilities that this will happen mate.

2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance?

then altcoin will also have their time after bitcoin but this will take long.

3. If alt  coins survive in the next century what is the reason it would.

and this is another question for me hard to answer.

4. Should alt coins be traded rather than HODL?



I hope my questions aren't too many.

Thank you for your time once again.

altcoins and bitcoin has their own purpose and that is to be used so year HODL is just a part use but the circulation is a must.

[dezoel]

First of all, Bitcoin's volatility isn't a problem, so we shouldn't consider it that, if it wasn't volatile, I doubt this many people would have liked it and it would never be a cryptocurrency worth this much, and, Bitcoin is also not volatile because of mining, but it's because of the increasing demand and the rule of demand and supply.

And I think most of the altcoins will probably die and the ones with actual utilities and strong projects might stay around since even if Bitcoin becomes a legal tender, it will still be there and nothing will change for market makers and traders, so altcoins that survive will still be kicking.

And, some altcoins are worth holding like ETH, but most of them are only good for short-term trading since they contain a lot of risks.

[josephsonand]

I think that when Bitcoin becomes legal tender, alt coins will experience both growth and volatility. Some people will definitely jump into Bitcoin, but others will stay invested in alt coins that they believe in. It will ultimately depend on the specific alt coin and its use case.

[Ozero]

Altcoins perform various useful functions that cannot be denied by bitcoins. Therefore, altcoins will always be on the cryptocurrency market as long as the cryptocurrency exists. But altcoins have their own problems, as a result of which they, as a rule, do not exist for a long time.
I do not think that the price volatility of cryptocurrencies, including bitcoin, will fall significantly over time, because there will always be an uncontrollable supply and demand ratio.
Selling or holding altcoins depends on the prospects of each project, and it is rather difficult to determine the prospects, because this indicator depends on many factors, including hidden ones.

[danherbias07]

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

Growth is a possible outcome. How many times did we see the altcoin market going green just because Bitcoin also went up? As Bitcoin becomes a legal tender than means usage and demand and that also means higher value.

2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance?

This is difficult to answer as we don't see the future. You are asking if we have a crystal ball that already saw what will happen.

3. If alt  coins survive in the next century what is the reason it would.

Good competition, that's the only part of why they still exist. Ethereum and BNB most likely will stay because of their usage. BNB as a coin for trading in Binance for cheaper fees and for their blockchain.

4. Should alt coins be traded rather than HODL?

Trade it whenever you see profits, do not fall in love with altcoins, especially the new ones. The chances for their market value to sink down are higher than for them to gain. Learned from a long experience and it always ends that way with some exceptions. Let's say 3/100.

[abralzain17]

Hello everyone, I made my first post here and the words of advice were really touching(maybe it's because I am weak-hearted) and encouraging. Thank you all for making me feel at home.

Now back to my question. My thoughts were that alternative(Alt) coins were created by organizations or developers to serve as a digital currency for their product or service, or improve on the shortcomings of their parent coin. I believed an alt coin with a real purpose was here to stay like Bitcoin.

But reading certain threads made me realize that my thoughts might be flawed and that maybe alt coins are good for making short gains and not long since some analysts believe they are subject to pump and dump. So would like to know

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance?

3. If alt  coins survive in the next century what is the reason it would.

4. Should alt coins be traded rather than HODL?



I hope my questions aren't too many.

Thank you for your time once again.

If bitcoin is used as a legal or legal means of payment, then it is possible that altcoins will also follow Bitcoin's footsteps as happened with Bitcoin or there is even a possibility that altcoins will grow and have real use cases.
if every altcoin developer has an innovation for their altcoin then the altcoin will have a good future and it is impossible to throw it away after they make a profit, of course they will develop the altcoin.

[Jackl87]

Most of altcoins die with time, not here to stay like Bitcoin.
If top altcoins are not strong enough to be survivors, how do you believe in altcoins.

That more than 3300 altcoins that were listed on coingecko in 2021 are already dead again is really very big number. The reason for that was probably that the height of the last bullrun was during 2021 and back then i still remember that crazy meme-coin hype where literally hundreds of meme-coins were created each and every day and of course most of them where dead again within a few days, but a small percentage of them survived longer and made it onto coingecko. Then of course they died too sooner or later.
That being said, i think that there are definitely altcoins out there that are here to stay just as long as Bitcoin itself like Ethereum for example.

[bettercrypto]

As far as I know Bitcoin is already known all over the world, and is accepted in most businesses like a credit card online payment. In addition to that, even in some countries it is recognized as a legal currency like in El Salvador and others.

      And if there are other altcoins that are recognized in terms of payment, there are others that are used and some of them are Ethereum, Dogecoin, and Shiba Inu, although bitcoins and altcoins are the same, there is still a risk, so it is higher than altcoins. .

[SirLancelot]

The term altcoin refers to tens of thousands of coins which are independent from each other so it is not possible to give a general answer regarding their future, some will fail and some will succeed, however the majority of the altcoins will fail for two simple reasons, the first reason is that even if an altcoin is any good there could always appear a new coin which is even better and make the first coin to disappear

I don't think so that they are independent, alts value can be influenced by other bigger alts and alts can also be influenced by BTC. As long as the altcoin has a better purpose, it can get a demand and it can survive for a long time. New coins can have a new function but old alts shouldn't allow to be overtaken by them. They must do something if they want to remain in the crypto world. See ETH? It was among the old alts but its devs are always updating the coin to ensure that it can keep up with the competition. There are so many new alts but they are not successful to overtake ETH.

while the second reason altcoins fail is that they were simply a money grab by the developers and they do not care about the long term prospects of their project at all.

They are lucky to grab money but most of them just fail because investors nowadays are now wise. Some can earn money but these are only limited. If only their devs make a serious and useful project, they will have a bigger chance to be recognized and they can earn long term profits.

[bittick]

for the fourth question, it's entirely depends on the fundamental of the altcoin itself if it's got good quality, then holding for long term, which is basically investing, is more better.
i'd say, coin could always retain their value for the next century but the thing is sometime they've lost their fame and their value usually decrease overtime. that's the disadvantage with altcoin in general, they can be replaced by newer coins in the future.

[kaseygriffin]

First you need to understand that this market size is still very small, I see many investors only looking at the current price and forgetting the above fact. And even bitcoin I still see a very small cap, so when this market accepts more things, they will have their own values, with the altcoin environment we will also have applications. use its own financial value. I think you need time to feel more, myself since knowing this market until now I realize the truth that the development as well as the spread in life is more and more. I also agree that some things can be said to be barriers to development, but they are also inevitable for the crypto environment to become stronger.

[TastyChillySauce00]

I think that when Bitcoin becomes legal tender, alt coins will experience both growth and volatility. Some people will definitely jump into Bitcoin, but others will stay invested in alt coins that they believe in. It will ultimately depend on the specific alt coin and its use case.

Altcoin may also be considered as legal tender as well. it may not applicable for US but it will be for another country. I meant if we must also realize how bitcoin is always trying to bet even better and better. Usability from altcoins are not greatly impacting the performance from the altcoin itself. As long as bitcoin will able consistently to increase steadily. Altcoin will be facing the same patter like bitcoin. I hope that more countries will consider bitcoin as legal tender. this greatly impacting altcoins.

[Hallroom]

At present the Allor Queens section is progressing very well. But I think if the Bitcoin market is good then definitely the altCoin sections will improve. Crypto currency paid is bitcoin and all the coins after that are altcoins. A review of the taxonomy shows that sit coins are the most improving and the most falling.

[Psynthax]

the circumstance with altcoin in general will be the same like nowadays, it's always changing position, some altcoin even got delisted and slowly losing their value overtime even in the next century i don't believe current altcoin, majority of it that existed today will ever be the same, so many of them are gonna be switching around position even becoming valued near to zero.

[palle11]

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

If bitcoin becomes legal tender of course the price of altcoins will increase. If you take into account in the history of the increase of bitcoin then you will see how altcoins too have appreciated. Talking about bitcoin being legally accepted by all the government that will increase the price of bitcoin and as such since the increase of bitcoin is also proportional to the price increase of altcoins, that will also happen.

[judaspriest]

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

If bitcoin becomes legal tender of course the price of altcoins will increase. If you take into account in the history of the increase of bitcoin then you will see how altcoins too have appreciated. Talking about bitcoin being legally accepted by all the government that will increase the price of bitcoin and as such since the increase of bitcoin is also proportional to the price increase of altcoins, that will also happen.

For now hoping for Bitcoin to be accepted as legal tender by all governments seems difficult,
i don't see it happening anytime soon but anyway in crypto anything can happen,
indeed when Bitcoin is passed for it then it will make its price go up and followed by altcoins too.