Can Bitcoin kill other crypto?

[philipma1957]

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

.

well look here


https://coinmarketcap.com/

there are more than 1000 coins with a market cap of 10 million or more.

there are more than 2000 coins with a market cap of  1 million or more.

there are more than 3000 coins with a market cap of 30,000 or more


the fall off is huge between

 coin 2000
https://coinmarketcap.com/currencies/ellipsis-epx/

and coin 3000
https://coinmarketcap.com/currencies/blank-wallet/

[Su-asa]

Alot of coins on the crypto space are struggling to survive and most of them are just growing gradually and also following Bitcoin at the back. However Bitcoin is the surest coin anyone would want to invest into Bitcoin it's valuable and it's future is also unimaginable. Although a lot of people actually thinks that the price of Bitcoin is too high and that's what still keeping them from investing into it, but the truth is anyone can own a Bitcoin with a small amount of money.

[Minor Miner]

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.

Bitcoin is a cryptocurrency, it is the father of the cryptocurrency industry and the most important part of this industry. Only some bitcoin maximalists don't want to admit this because they are so obsessed with bitcoin. But whether you or they deny it doesn't matter, because the rest of the world has already acknowledged it. No individual or small group can change that, bitcoin is the cryptocurrency and the king of all.

Whether bitcoin is a cryptocurrency or not does not change the fact that people see it as a speculative asset to make money, nothing more. So no need to make things more complicated, just keep things as simple as possible.

[Iranus]

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.

The only difference between bitcoin and the rest is that it is the only decentralized currency, and was created with the express goal of being a peer-to-peer currency. Unlike the rest of the market which was created solely for speculative purposes.

However, technically, bitcoin uses cryptography to secure transactions, manage supply...so bitcoin is also a cryptocurrency although some people try to separate bitcoin from crypto because of their own philosophy.

[m2017]

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

The power of bitcoin is not in its strength, but in its uniqueness. Only bitcoin has decentralization and, in essence, the most important value of crypto.

I am not sure that all altcoins and memecoins will "die", perhaps some of them will continue to exist, because any project will "live" as long as there is faith in the value of this project (and in the future price growth).

"Can Bitcoin kill other crypto?" - and this is not required, because all weak projects will gradually self-destruct under the influence of market laws. This has already happened to many crypto and will continue.

[Uruhara]

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 don't know. But what's clear is that as confidence in Bitcoin grows and more institutions invest in it, altcoins also begin to develop and gain attention. In fact, there are now not only Bitcoin ETFs but also ETH ETFs and others. So, in my opinion, Bitcoin isn't killing or pushing aside other cryptocurrencies or altcoins. In fact, Bitcoin is helping to foster the adoption of altcoins that also have strong fundamentals.

Those that are being pushed aside are projects that aren't that serious or those that create altcoins without clear utility and fundamentals, so they are being killed off by themselves, not by Bitcoin. It's actually thanks to Bitcoin that altcoins exist today. Because that's where it all started.

[nemesis_incarnate]

Alot of coins on the crypto space are struggling to survive and most of them are just growing gradually and also following Bitcoin at the back. However Bitcoin is the surest coin anyone would want to invest into Bitcoin it's valuable and it's future is also unimaginable. Although a lot of people actually thinks that the price of Bitcoin is too high and that's what still keeping them from investing into it, but the truth is anyone can own a Bitcoin with a small amount of money.

Bitcoin doesn't "kill" other coins because it's what it does - other coins just don't have the same goals, ideals, and structure behind it.

Even if you do BTC 2.0, the exact copy - it won't shoot off, simply because we already have BTC - why we would need a second one?

[aylabadia05]

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

The ones that survive are the coins that have good commodities and that not many can afford in the crypto space.
Bitcoin is not killing them, but those who are not as good as Bitcoin in all aspects that Bitcoin has.

You can count how many coins and tokens are listed in the crypto space both old and new.
Most of them end up being dumped and the saddest thing is that they are like garbage that fills the owner's wallet.
Hence, don't choose them. The choice that will not make the owner regret is Bitcoin.

[betswift]

The ones that survive are the coins that have good commodities and that not many can afford in the crypto space.
Bitcoin is not killing them, but those who are not as good as Bitcoin in all aspects that Bitcoin has.

You can count how many coins and tokens are listed in the crypto space both old and new.
Most of them end up being dumped and the saddest thing is that they are like garbage that fills the owner's wallet.
Hence, don't choose them. The choice that will not make the owner regret is Bitcoin.

Bitcoin has much fewer risks attached to it - because we know what to expect of it.

Whereas with other coins - you do it on your analysis too, but regarding the fact that they chase profits more than anything.

[tech30338]

The ones that survive are the coins that have good commodities and that not many can afford in the crypto space.
Bitcoin is not killing them, but those who are not as good as Bitcoin in all aspects that Bitcoin has.

You can count how many coins and tokens are listed in the crypto space both old and new.
Most of them end up being dumped and the saddest thing is that they are like garbage that fills the owner's wallet.
Hence, don't choose them. The choice that will not make the owner regret is Bitcoin.

Bitcoin has much fewer risks attached to it - because we know what to expect of it.

Whereas with other coins - you do it on your analysis too, but regarding the fact that they chase profits more than anything.

Most coins are made just to pump and dump , a promise use case etc, but at the end of the day they are just there to make money, there are lots of coins today that are already dead, and are just being manipulated by those who have tokens and when someone's buy they sold once there is a liquidity, not only that more coins are being added to the market that after a month or so, they will end up like those old coins, bitcoin is already tested and will stay there for a very long time.

[fikrett]

Most coins are made just to pump and dump , a promise use case etc, but at the end of the day they are just there to make money, there are lots of coins today that are already dead, and are just being manipulated by those who have tokens and when someone's buy they sold once there is a liquidity, not only that more coins are being added to the market that after a month or so, they will end up like those old coins, bitcoin is already tested and will stay there for a very long time.

Utility beats any kind of hype.

It's short-lived, whereas true cases are usually not marketed the same as something so glowy it will bring you 100x or more.

People just fall in that trap again and again..

[Sonia_123]

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 has not killed any but a lot of cryptos and the ones remaining are shadows of themselves which they know that they will soon be nowhere in the market,without Bitcoin existence they cannot survive, with a matter of time, they will no longer exist.
They are the ones killing themselves because of the bases on which they are established

Shitcoin/altcoin has no purpose of creation, and so no it has no value, authenticity or utility, they are bent on making people believe that they have something to offer, but deceive people and collect their money, that is they are scammers that dupe people of their hard earned money, but now a lot of investors have known them and that is why they are no longer going for them and they are struggling, imagine creating shitcoin just for joking purpose to other useless crypto tokens. They are not created for any purpose but to scam investors.

Bitcoin was created as an alternative to current financial system, which payment system will function within a central points of control, it is a digital currency that gives individuals control of their financial transaction which Bitcoin has being achieving its purpose and it's seen globally.

[lionheart78]

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.

You have a point here but..

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.

You are exaggerating here.  I do not know why you are hating Bitcoin so much but due to that hate you are probably blinded to see that although not many use it to purchase  there are some who are capable of using it in daily necessities. it is that these people buy in volume because they are rich enough to do it.

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

Fair enough, if you call the cycle this way, I believe every asset has its moment of this scheme, it is that it is not great as Bitcoin, that is why I believe many are jealous of Bitcoin's performance.

Bitcoin is not crypto.

Eh??  What concept about Bitcoin are you inventing? Bitcoin is under the umbrella of cryptocurrency (crypto), so what makes you think Bitcoin is not crypto?

[death69]

Bitcoin does not “kill”. It exposes. Altcoins disappear not because Bitcoin attacks, but because time and entropy reveal what’s built on sand. Most projects never had substance, just marketing, just noise. Bitcoin is the first and maybe the only digital asset that is not anyone’s liability. Proof-of-work: the strongest wall money has ever built. Try counterfeiting that. You cannot.

Weak fundamentals do not survive long when they are not protecte. Meme coins? They’re just reflections of a distracted attention economy - built for exit scams, built for spectacle. So the question becomes: “can any crypto justify surviving in Bitcoin’s shadow?” Bitcoin is protocol, not product.
Altcoins have CEOs; Bitcoin has nodes.
Altcoins shift narratives; Bitcoin is narrative.

The ones who survive will have to either find a purpose Bitcoin cannott fulfill, or dissolve into irrelevance. There is no mercy, no drama, no hit-list. Just network effects. Just protocol gravity.

Money is never just about code. It is about who is willing to defend it socially, economically, energetically. Bitcoin's immune system is everywhere and nowhere, voluntary, organic. If anything survives alongside it, that is not because Bitcoin let it. It is because that thing proved its own worth in a world where the bar has been raised. Not many will.

[bitzizzix]

We often hear or speculate that some cryptocurrency will surpass Bitcoin, but in reality, none can surpass Bitcoin, and Bitcoin is not a killer. Bitcoin is the king of cryptocurrencies, and all others are mere imitations. There are many differences between the original and the imitation, and the original is far better and more perfect than the imitation. Bitcoin will always be the primary choice for many people and investors because it has many advantages over coins that have many shortcomings due to imperfections like Bitcoin.
Bitcoin is king, meaning it has complete control over other coins. If Bitcoin could be said to be killing other cryptocurrencies, it would have happened long ago because Bitcoin remains at the top and is king.

[Jewan420]

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 can stand out in other crypto markets because of this. If you notice, you will see that when there is a big pump in Bitcoin, the green light also lights up in crypto markets. The main reason for this is that Bitcoin is also part of crypto.

Suppose, when you find a good restaurant in the market and enter the restaurant, you may also see the restaurants around and enter there someday. That is, you have become a customer of small restaurants because of a big restaurant.

Similarly, many people find other cryptos in search of Bitcoin and enter them. But many cryptos die only because they fail to recover their value. Once memecoins, altcoins or shitcoins enter the market, the chances of coming back from there are very low.

[Mate2237]

Bitcoin is the king of crypto any other altcoins that is there are doing that under the shadow of Bitcoin because all other coins are highly unstable and is not trustworthy some of them can crash due to their nature and unstable nature that they have .


Altcoins has shown little progress compared to Bitcoin Bitcoin has the highest liquidity rate when it comes to crypto and the highest number of users who has adopted crypto this is due to the level of trust and reliability that Bitcoin has been able to show since it inception

[Scarlett_23]

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 is the first in the world of crypto currency, its supply is limited, it is transparent and secure. Due to many other features, it is natural for Bitcoin to dominate.

Moreover, no other coin or alt coin has come close to Bitcoin, which has survived in the world of crypto currency till date.

Till date, many crypto currencies have come into the market and have gone out of the market and due to these reasons, people have lost trust in crypto.

But Bitcoin has maintained this trust of people.

[HONDACD125]

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

A cryptocurrency that dies wouldn't die because of Bitcoin, but it would die due to not having any proper use case. There are so many cryptocurrencies that were created right after Bitcoin, within a few years after its release, and they are still around and usually make it into investors' portfolios, such as ETH, LTC, or even DOGE. They are still around because they are useful, and they allow users to use them and their networks for transactions and payments, they provide at least some use case, so they are still alive and have reasonable trading volumes as well.

Meme coins and shit coins generally have very short lifespans, at least most of them do, and that's because they are created based on either a popular meme, a personality, an event, or something like that, and they barely have any proper use case, and they live only on the hype they get from the market. As soon as the hype dies, they start vanishing from the scene, and that's completely normal.

[The Cryptovator]

Bitcoin doesn't need to kill any other shit coins. Because shitcoins are dying themselves, not being attacked by Bitcoin. Those are obvious shits; they are already dead and out of the market as well. Investors lost a lot with these shits, including me too. That's why I don't invest in any shitcoins lately. Bitcoin can't kill other crypto if you want to ask directly. But other coins can't kill Bitcoin. In the future there might be new technology and new potential coins as well. But Bitcoin always will be king; none of them will hurt Bitcoin.

However, except for some potential altcoins like Solana and Ethereum, they likely will be dead. But everything is possible in crypto, as we can remember about the Luna crash. But Bitcoin directly doesn't kill them; the projects themselves come, raise funds, and sell. It means they're dead and we lose. We need to focus on Bitcoin rather than focusing on shitcoins. Otherwise we may need to regret it later.