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Author Topic: Will Bitcoin remove all other altcoin from the market?  (Read 25330 times)

Offline nelson4lov

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #120 on: February 04, 2021, 01:47:35 PM »
Indeed bitcoin is the most popular cryptocurrency in the world, and it's a one of the most reputable cryptocurrency, and also the market driver, but just because bitcoin is the king of all altcoins doesn't mean altcoins should be removed from the market, since bitcoin was the first cryptocurrency they were some issues associated with transferring bitcoin around as more people began to use it, the transactions fees went high or some it even became slower, so thats where altcoins project began solving these problems and started creating new problems which other altcoins project tend to solve that's just it, it's an evolution, just like the 1st generation of computers till now the 5th generation of computers,the only difference here is bitcoin will also be king of all cryptocurrencies and altcoins will always come in handy :).
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #120 on: February 04, 2021, 01:47:35 PM »

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #121 on: February 04, 2021, 02:17:00 PM »
No, Bitcoin cannot remove altcoins from the market, just like altcoins cannot remove Bitcoin. The time that has passed since the birth of altcoins (at least the most used) has been enough for them to take root in the needs of developers and users. They fill the gaps of Bitcoin and are necessary for the ecosystem. Atlcoins and Bitcoin complement each other.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #122 on: February 04, 2021, 02:42:15 PM »
We know that this cryptocurrency market is governed by Bitcoin and unique currencies.  From there, unique currency coins will never be removed from the Bitcoin market.  Because this bitcoin market is being run with all these coins.  Without all these coins, Bitcoin will not work well.  So unique currency is most needed to be well managed.  So I think Bitcoin will never remove the unique currency from the market.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #123 on: February 04, 2021, 03:04:54 PM »
will not happen!!
if you know, bitcoin is the parent of all coins and altcoins. If bitcoin wiped out all the altcoins on the market, it would also knock down the price of bitcoin and bitcoin would be useless.
because bitcoin is not only for buying and holding but also for investment tools in other projects in altcoin. so if altcoins didn't exist, bitcoins would no longer have a price and would have no function
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #124 on: February 04, 2021, 03:42:05 PM »
Bitcoin will not be able to cope with all the demands that exist on the part of society, and it is altcoins that fulfill the requirements that the cryptocurrency market faces. Although most cryptocurrencies are junk coins that have no value.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #125 on: February 05, 2021, 06:30:29 PM »
Currently the bitcoin market is much better. There is a lot of good news for cryptocurrency. It is assumed that Bitcoin will remove all other alert coins from the market. The reason why the price of Bitcoin is pumping is much higher than it is dumping. If you have a senior brother, you will help a little.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #126 on: February 06, 2021, 10:00:13 AM »
No, Bitcoin cannot remove altcoins from the market, just like altcoins cannot remove Bitcoin. The time that has passed since the birth of altcoins (at least the most used) has been enough for them to take root in the needs of developers and users. They fill the gaps of Bitcoin and are necessary for the ecosystem. Atlcoins and Bitcoin complement each other.
I totally agree and also say that bitcoin and altcoins are completely dependent on each other. And the share of bitcoin in the market so far exceeds the share of other cryptocurrencies. And so far I see no reason why this should change. Of course, you can consider Ethereum as an alternative for leadership, but this can only happen after a successful transition to POS

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #126 on: February 06, 2021, 10:00:13 AM »


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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #127 on: February 06, 2021, 10:51:38 AM »
The market is not only for one kind of product alone but for different products and people. Bitcoin cannot take the market alone, there must be other products and commodities that will keep up the challenge and competition for the market to remain busy. If we look at it closely, (I don't trade gold)  gold trading is not as busy/occupied as crypto trading, this is because there are lots of coins in the  crypto market that has the bitcoin pair, making the altcoins and bitcoin to be occupied and busy. Bitcoin will always be the lead of the crypto currency market, but cannot stand alone.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #128 on: February 06, 2021, 11:10:25 AM »
We know that, bitcoin is the most popular crypto-currency of the world. Its value is higher than any other currencies. It is unanimously accepted by the crypto holders. Some countries have already permitted only bitcoin for transaction and many countris are considering to permit it. People can now pay bill through bitcoin in some cases. There are a lots of crypto-currency in the world but bitcoin is now leading the crypto world. Is bitcoin will remove all other crypts from the market in the future? Your valuable opinion is highly appreciated.


I agree with several big brothers opinion that don't believe bitcoin will removed all other altcoin from the market. I think bitcoin and altcoin will grow together. So , they will compete at the coming years. I believe about it.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #129 on: February 06, 2021, 11:24:02 AM »
I agree with several big brothers opinion that don't believe bitcoin will removed all other altcoin from the market. I think bitcoin and altcoin will grow together. So , they will compete at the coming years. I believe about it.
Because with the arrival of new investors, this statement still has the possibility to come true. Because as we know, the development of crypto is very surprising, especially in 2020 with the emergence of many new projects that even some can compete with the price of Bitcoin.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #130 on: February 06, 2021, 03:12:03 PM »
In comparison with BTC certain altcoins have made transactions cheaper as well as faster. Some consume lesser energy to be mined while others bring in added layers of secrecy. However, if investors prefer BTC it is possible for ALT to decrease significantly.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #131 on: February 06, 2021, 03:37:22 PM »
We know that, bitcoin is the most popular crypto-currency of the world. Its value is higher than any other currencies. It is unanimously accepted by the crypto holders. Some countries have already permitted only bitcoin for transaction and many countris are considering to permit it. People can now pay bill through bitcoin in some cases. There are a lots of crypto-currency in the world but bitcoin is now leading the crypto world. Is bitcoin will remove all other crypts from the market in the future? Your valuable opinion is highly appreciated.
I think it will never be possible. Because cryptocurrency can't work with bitcoin alone. So as long as this cryptocurrency exists it will be in all other currencies and markets along with Bitcoin. Bitcoin is the best of all currencies. So to say that Bitcoin will be able to remove all Altcoin from the market would not be possible.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #132 on: February 06, 2021, 05:22:26 PM »
Bitcoin will not be able to cope with all the demands that exist on the part of society, and it is altcoins that fulfill the requirements that the cryptocurrency market faces. Although most cryptocurrencies are junk coins that have no value.
Every year, altcoins will become more and more, because progress can not be stopped. And we can expect that because of such a large number of new altcoins, bitcoin will lose its dominance.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #133 on: February 06, 2021, 05:54:17 PM »
I'm sure this will never happen because altcoins are being useful to their specific goal. I think Bitcoin and even some other altcoins with strong and serious team can terminate coins that are just nothing but for scam reason.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #134 on: February 06, 2021, 06:07:37 PM »
I'm sure this will never happen because altcoins are being useful to their specific goal. I think Bitcoin and even some other altcoins with strong and serious team can terminate coins that are just nothing but for scam reason.

Yes,  I see the team of altcoins always improve their technology. So I don't believe bitcoin will remove all other altcoin from the market.  Bitcoin always be the King of crypto currency and  I think altcoins always be follower.

 

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