Can Bitcoin kill other crypto?

[CamilaStar]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

[Oshosondy]

If you count the number of coins and tokens that are dead now, there are thousands of them.

That is not just the problem, the problem is that many coins are just not increasing. They will increase, later fall and not get to all time high again. They are not assets of value but assets of gambling.

Bitcoin is very different because it is an asset if value.

[Joy- maker]

The truth is bitcoin is best coin out there in crypto space and bitcoin has also dominated the crypto space as well, so other shitcoins can't go one in one with bitcoin, bitcoin has brake a record which I don't see any other shitcoin braking such record sincerely speaking I see other shitcoins as coins that are just getting started, while bitcoin is already far gone. Normally other shitcoins will come but they are no match to bitcoin, people will still choose bitcoin over them, why, because bitcoin is already a trustworthy asset, and the only people I think that is still in doubt of bitcoin are people who lack knowledge and understanding about bitcoin, those who have refused to see the potentials in bitcoin, they have refused to see the light bitcoin is shining to the world, normally those people will still later see the potentials in and still get started, because no time is too later to invest in bitcoin, anytime is a perfect time to invest in bitcoin.

[DPHOR]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

Bitcoin doesn't directly kill any project or crypto as you may have think of but what happened usually happened is that most of them can't survive the bear market due to excessive dump that would likely occurred and when liquidity are pulled from any project then what next?
The project automatically dies and like what Oshosondy said if going through history and track records you would see that lot of coin and I mean projects that couldn't survive the hit of the market goes on exile and of course these memecoin or shitcoin that are mostly pump and dump doesn't really have that potential to survive the market when the dip is much like -50 percent or about that range of changes in the market some investors could like became afraid and dump and when it started dumping others may not have choice than to dump as well.

[Despairo]

Bitcoin is actually help altcoins to survive.

Many booming news created are about Bitcoin > People heard about Bitcoin > People search and know there are many other cryptocurrencies > People buy Bitcoin > People buy altcoins.

Bitcoin itself is a marketing for altcoins.

Imagine if Bitcoin isn't strong and secure, the whole cryptocurrencies might collapse.

[MeGold666]

Oh, what an irony... Bitcoin today is a purely speculative asset.

Its use case as digital cash (as described in the fucking white paper) has been killed in order to make cash on "second layers," a.k.a. LN, which turned out to be nothing but a failure.

Some people still believe that these second layers will save the day, but even if we had a working project, Layer 1 lacks the capacity to support it, as proven during times of high network congestion with LN.

No one will ever use it for everyday purchases because the fees are too high and transactions are too slow, and no one will use it for large transactions based on real-world deals because it lacks privacy.

But it's great for a repetitive pump-and-dump scheme. 

/Over&Out.

[Ruttoshi]

Altcoins are the duplicate of bitcoin so, what do you expect, they will fade away over time, because their purpose of creation wasn't to help solve any problem which bitcoin cannot solve, but to use it as a means to extort people's funds. This is why shitcoins cannot increase in value, because investors are saving the value of their fiat currency by putting it into bitcoin investment.

Only gamblers, and people who don't care about their financial well-being of their future will invest in altcoins. One same person create a shitcoin and after dumping the project, he waits for a while and create a new project with a different name entirely but with the same intention to scam the public again. Bitcoin is decentralized and unique.

[uefbv]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

I think it is possible, because Bitcoin is safe and secure, it is the first successfully implemented cryptocurrency, and it is also the first recognized decentralized digital currency. So I agree with this statement.

[shield132]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

I believe that in the near future, there is no coin that will kill Bitcoin and I also believe that Bitcoin is becoming a gold. Consider that Gold has been strong for decades and so will be Bitcoin because it's becoming a digital gold. Just look at what happens around it, big corporations like Black Rock forced SEC to approve Bitcoin Spot ETFs. Some US states also keep some of their reserves in Bitcoins, banks are also allowed to keep Bitcoin reserves. Bitcoin is in a direction where commercial banks, big corporations and governments (countries and states) will soon keep a good portion of their reserves in Bitcoin. This act is a guarantee of Bitcoin's success, which automatically means the kill of many altcoins.

Btw to be fair with you, Bitcoin is not the killer of other cryptocurrencies, they die because they do not solve real-life problems and do not have any reason to exist, that's why they die. Competitive altcoins like Ethereum and Monero have their spot in crypto space.

[slaman29]

Its not so much about Bitcoin killing other crypto, Bitcoin just doesn't care and does its own thing.

I mean, alts/shits die on their own without needing any help.

In fact, not 1 single altcoin will want BTC to be harmed and in fact celebrate it. What happens when BTC goes ATH? Altcoins go up too, right?

I wish crypto needed to justify its existence to survive but sadly, 100s of shitcoins prove that you just need willing sheeple to keep a coin alive.

[Marykeller]

Because of the fate of altcoins that exists in the market is being uncertain, you and I are being advised to trade them for short term because we don't what know the future lies on them in the crypto market, whether they could survive in the next bearish market because many have vanished due to they couldn't market their project any long to gain popularity and also lack fundamental structures to keep strengthening their projects to maintain their limelight in crypto ranking.

For Bitcoin, it is what is ''king of crypto'' from years pass without changing. That's why everyone trust her to store their wealth in it because they stand to make huge profits in the future

[mindrust]

It has already murdered multiple tens of shitcoins. The body count is over a hundred at least. One might even call bitcoin a serial shitcoin killer. The good news is, bitcoin can kill its opponents and get away with it because it is not a crime.

If you murder your business opponent, depending on where you live, the punishment will vary from doing multiple decades of jail time to buzzing your brains on the electric chair.

If bitcoin does the same thing, it is just statistics.

[BitGoba]

Bitcoin is not crypto.
Bitcoin is fundamentally different from “crypto”, but most people still don’t get it. You really have to go deep down the rabbit hole to understand this.

[promise444c5]

There’s Bitcoin and then there’re altcoins/shitcoins, they differ in all aspect..

That is not just the problem, the problem is that many coins are just not increasing. They will increase, later fall and not get to all time high again…

They pump a little and then dump forever/ become abandoned projects because they’ve already fulfilled what they were meant to be used for. There was just few  before but after the successful attempt of some of those few, hundreds were developed for same intensions over the years.

[Zlantann]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

These shitcoins are the reason why most people view the crypto industry as a scam. Most of them are pump-and-dump schemes that make developers rich and investors poor. Some developers claim that their coin will unseat Bitcoin and become number one, but many of them don't last long. It is not Bitcoin that is killing these altcoins; rather, they were designed to fail.  Bitcoin was not designed to make people rich but to enhance privacy and as an alternative to fiat. But the developers of these shitcoins always promote them as a get-rich-quick project.

[Kaliandra]

Currently, many altcoins have lost value because they've been abandoned, and many people are undoubtedly losing money. However, if you look at Bitcoin, its price is certainly rising, and interest is growing. BTC has certainly proven itself to be a valuable asset, as evidenced by its continued rise. Its price will undoubtedly rise even higher in the future, given its limited supply and growing demand.

I'm certain that altcoins will always exist as long as BTC exists, and most altcoins will seek victims. So, of course, BTC will indirectly kill altcoins, as they will eventually begin to be ignored. Most altcoins are used solely for trading, and when they make a profit, they simply sell without considering buying more. However, many people hold BTC for the long term, as it's a shame to sell it at a low price, even if it's already profitable. In the future, BTC will certainly be worth more than its current price of over $100,000.

[Floxynice]

Bitcoin is not crypto.
Bitcoin is fundamentally different from “crypto”, but most people still don’t get it. You really have to go deep down the rabbit hole to understand this.

I've always known bitcoin to be a decentralized digital currency that uses cryptography and a blockchain technology. This automatically qualifies it as a cryptocurrency. I would understand it if you are trying to classify Bitcoin as  something that stands out and in its own league since it has gained more trust among people than any other cryptocurrency.

You should explain why you think Bitcoin is not crypto; maybe I will learn something new today.

[Outhue]

Every other coins sucks because they are built not in the same way as Bitcoin, yes Bitcoin is the best so far but gambling with altcoin can incredibly increase your Bitcoin faster, like someone said, if anyone want to go into altcoins they must do it knowing that they are gambling their money away.

Bitcoin doesn't have to kill any other crypto, they have been dying off themselves for the past years, scammers called developers are even pretending to be building something that works but later they steal all available liquidity and exit the market.

I can mention few altcoins that have died since 2022 and a week ago, a project called ALU that was released in 2021 and did very well same year with visible team members just decide to scam their investors, someone who is careful thinking the project isn't new will still fall victim.

Bitcoin is the safest bet.

[notocactus]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

You asked a wrong question that shows you did not understand anything about Bitcoin and altcoins (alternate cryptocurrencies).

Bitcoin is strong and dominates cryptocurrency market but it does not need to kill any altcoin. Altcoins are weak, have no or very low values so they will kill themselves over time, even short period of time. You never read anywhere that "Bitcoin is altcoin killer"!

Oppositely, you can read a very common message from altcoin projects that call their projects as "Bitcoin killer". The fact shows different fact, altcoins did not kill Bitcoin, none of them have succeeded so far, but thousands of altcoins have died.

https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed

[Leahized]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

Except Bitcoin, all other coins will die most of the time. Bitcoin is digital currency and it is running through blockchain. If you talk about Altcoins, you should always be careful. Because a trader or investor makes the most nervous. If you are analyzed in the market, you will find many tokens that bull season does not pump in any way. They usually disappear before it starts to take certain steps in the future from the weak token and the team. Bitcoin is the best coins of Bitcoin Crypto Market. If Bitcoin pumps more, then the price of all other coins or token is increased. And on the other hand, the price of Bitcoin is dropped by the price of all other coin. That's why I would say Bitcoin is the most priority.