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Author Topic: Will Bitcoin remove all other altcoin from the market?  (Read 24747 times)

Offline azmirihaque

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Will Bitcoin remove all other altcoin from the market?
« on: July 16, 2020, 05:44:08 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.

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Will Bitcoin remove all other altcoin from the market?
« on: July 16, 2020, 05:44:08 AM »

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Offline Tanimariya

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #1 on: July 16, 2020, 05:57:52 AM »
I agree with you. Bitcoin will become a universal currency. At present, if you go to any bank or agency with USD, you will be obliged to pay the local currency. This type of bitcoin transaction will be online. Anyone will accept bitcoin. However, in many countries there is no official approval, but there are users of bitcoin. I think it is not possible to remove all other currencies from the bitcoin market. How much bitcoin do you have?

Offline Noverteno

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #2 on: July 16, 2020, 06:53:20 AM »
Altcoins are not going anywhere. Despite the great popularity of bitcoin, altcoins have become quite firmly established in our life and, unlike bitcoin, perform much more useful functions. I don’t think that altcoins should be opposed to bitcoins. They must work together. As a result, no one knows in which direction their development will go.

Offline Paglamon

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #3 on: July 16, 2020, 07:03:11 AM »
Projects in cryptocurrency will continue as they are in the future. But there will be no scam project in the future. Further the value of btc will increase further. Other cryptocurrencies from the bitcoin market will not go anywhere. Would rather be further improved. However, some tokens may end. The token or coin that will not have any investors or any STO company will end up in the market. But bitcoin will be valuable.

Offline Pegasus

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #4 on: July 16, 2020, 11:28:42 AM »
I don't think Bitcoin can wipe out all other altcoins. Altcoins are the addition to Bitcoin. They have advantages that Bitcoin doesn't, for example: smart contract, high speed transaction, dApps... Bitcoin might improve those things one way or another but it can't be all good in all aspects. That's the nitch for other altcoins.

Offline MrSpasybo

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #5 on: July 16, 2020, 03:47:51 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.
+1 for your bold idea ^^
We have always seen BTC capitalization accounting for more than half of the total crypto market capitalization, Bitcoin is also the king and leading the growth of the market. Some people used to think that Bitcoin alone was more than enough for payment, with satoshi, transactions or stockpiling. However, our economy is not so simple, we need smart contracts for ecosystems to operate automatically and decentralized, so foundation/platform projects like Ethereum, TRON, Cardano, EOS .. are needed. Other projects will also be more suitable and efficient than Bitcoin when operating in their own ecosystem.
So in my opinion Bitcoin cannot exist if all Altcoins are destroyed and gone. Bitcoin cannot be king if no one is a citizen ^^
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Offline mlawson71

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #6 on: July 16, 2020, 04:28:04 PM »
Altcoin appear and disappear constantly, but I really doubt they will all disappear, and definitely not because of Bitcoin.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #6 on: July 16, 2020, 04:28:04 PM »


Offline Cryptoz

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #7 on: July 16, 2020, 11:54:05 PM »
I don't really got the point but Bitcoin isn't in the position to replace altcoins. Instead it supports the existence of altcoins because Bitcoin will be stronger if there is altcoins as well. So, why we are worried about the altcoins to be replaced? It is non sense.
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Offline Lucky Stone

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #8 on: July 17, 2020, 10:19:28 AM »
Bitcoin will not remove Altcoins. It only happens in some countries that grant permission to use Bitcoin as a media transfer. The altcoin is an alternative to Bitcoin, so the presence of Altcoin has given many colors. Anyone who trades cryptocurrency is not only on Bitcoin, but they can also trade using altcoins.

Until now, Altcoin continues to grow, so that if Bitcoin wants to remove altcoins, I think the one deleted is an Altcoin that is no longer developed or has no selling value.

Offline Ransow

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #9 on: July 17, 2020, 12:42:41 PM »
Bad project will not survive in crypto market there are many potential altcoin in crypto market actually each potential coins has unique advantages so crypto users are using this technologies and many crypto investors choosing altcoin for long term investments because they has bright future. Bitcoin will not remove the altcoins from crypto market

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Offline Master107

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #10 on: July 17, 2020, 02:45:05 PM »
There is a possibility of "together forever we win."
I know how potential bitcoin is.
I know what bitcoin can do.
But I doubt bitcoin supremacy without altcoins.
Bitcoin alone in the market place is empty space.
Do we not consider bitcoin's fork as altcoins?
Do we forget ethereum erc-20 platform leading the alts.?

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #11 on: July 17, 2020, 04:07:42 PM »
I guess it will not happen that Bitcoin will remove other coins. Altcoins are also increasingly popular such as Ethereum and Binance coin. Bitcoin is indeed one of the most valuable coins because this coin is a first created digital currency. Even Altcoins will continue to evolve and new altcoins will continue to emerge. So Bitcoin will not remove Altcoins because altcoins are also popular.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #12 on: July 17, 2020, 04:45:08 PM »
Bitcoin has the largest community and the most merchant acceptance out of all altcoins combined. Some of them may sustain a legitimate existence trying to compete or even complement the bitcoin network, but a great majority of altcoins today are merely smoke and mirrors.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #13 on: July 18, 2020, 02:19:51 AM »
Many of cryptocurrency also had very good performance in the past and might become a superior Bitcoin rival.  In fact, some currencies such as Litecoin and Ethereum have made a profit of .
Doesn't mean that altcoin will be removed from the market, instead the competition will be more crowded.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #14 on: July 18, 2020, 07:49:35 AM »
Although only a few countries allow one digital currency as a transaction medium (Bitcoin). For me, this wouldn't be the reason that Bitcoin would remove altcoins. Altcoins also play a very important role in the development of the Crypto world.
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