Why altcoins exists?

[isomoyes]

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

[cryptothief]

Bitcoin is the market leader, and like it or lump it, it is probably going to puling the market up and down with it for a while yet. Over time, the market should develop into more independent movements, maybe moving more like the general stock market. That could be some time off yet though, at least until the 'general population' start seeing value for the actual use of cryptocurrency as opposed to just investing.

[RianDrops]

Alt coin exists because a lot of business launch their own coin to gfet profits. That's the main reason.

[kryptokowalski]

alt coins are usually future projects that can become main projects at some point as the ultimate goal

[Deryloe]

I think altcoins exist so that there can competition.

[Fenix]

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

It is not altcoins that push the price of bitcoin up and down. Quite the opposite happens. Bitcoin, due to its high level of capitalization, dictates prices for all altcoins.
Also, one cannot agree that altcoins are trying to simulate the path of bitcoin by imitating it. Bitcoin is a general purpose cryptocurrency. Altcoins come in hundreds of functional varieties. A significant part of them ensure the functioning of certain types of business. Bitcoin simply fails to capture the functional diversity that altcoins perform. Although not all, people also need altcoins.

[ShadowCrypto]

The name say almost it all, altcoins are simply an alternative to bitcoin, or should be, on the beggining this was the main purpose of the existence, nowadays it not the mains reason anymore and we have altcoins to be an alternative for any kind of crypto/project.

[Calantha]

The reason that altcoin can exist and develop is because it brings many benefits to users. Altcoin traders can make a substantial profit from trading without leaving their homes. Furthermore, altcoin trading can be profitable quickly. Mostly, you won't have to wait long to make the transaction or cash in the monies you make. The high volatility of the altcoin market is not always a bad thing.

[H2O]

Besides bitcoin all cryptocurrencies known as altcoins. So altcoins depends on directly and indirectly on bitcoin market. I think if bitcoin will exist and simultaneously all altcoins also exists. As say without altcoins bitcoin will not survive a single day.

[LogiC]

I think if bitcoin will exist and simultaneously all altcoins also exists. As say without altcoins bitcoin will not survive a single day.

Thats totally not true. Even without altcoin bitcoin can survive. Yes the marketcap will be lowered and thats totally fine but removing some shitcoin on the list could also be a good way to improve the cryptoindustry. I mean a lot of tokens that are not necessary exist and just lured potential investors on good project.

[hair]

Altcoins are an alternative in the crypto industry, they can maintain the balance of bitcoin by pairing altcoins. I think bitcoin and altcoins need each other

[Istiak]

The altcoin is related to bitcoin because Bitcoin has dominance over the crypto market more than 59% and that's a very big number. It means 59% of money from the whole crypto world is in bitcoin that's why when people buy or sell alts they use BTC pair. When money moves from alts to btc then alts go down also when BTC goes down alts goes down too because BTC holds most of the money.

[TERMINO]

Bitcoin magnetism. Bitcoin attract investors. From that investors will look some alternatives coins with potential in the future like Bitcoin so they will support and will not miss the opportunity. Altcoins exist because of investors support even the project goes in up and down.

[sky20]

Altcoin is the alternative coin of Bitcoin. Alt coin exists because a lot of business launch their own coin to make profit. That's the main reason I think. Altcoin is very demandable for the investors.

[Bobcrypto]

One of the reasons altcoins exit today is because some individuals, groups, and developers believe they can create a cryptocurrency project that outpaces BTC or they’ve created a coin to offer compatibility, but also different features than BTC.
Also, other people have created altcoins to compete with bitcoin and the projects claim to offer better privacy, more decentralization etc.