Why altcoins exists?

[bayiajaib]

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 ??

The main reason for the creation of altcoins is to seek profit by referring to the value of bitcoin, not the other way around.
why is that because bitcoin is the parent of cryptocurrencies

Yep, all investors and developers  have the same goal to create altcoins for profit.
The reason why altcoins exist, because  those are very potential and have community.
Bitcoin is the trend centre and always exist.

[gunhell16]

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 ??

Literally speaking, altcoins wouldn't exist if Bitcoin hadn't been created. Because most of the investors or the capitalists saw that it was trending and they saw the potential in the future they thought to imitate the style of Bitcoin is doing.

And because of this incident, a lot of altcoins have slipped into this industry, which has pushed bitcoin to be better known. Where up to now altcoins continue to increase in this industry. Because many investors also supported and invested in it.

[Speaker]

If there was no bitcoin, there would be something else. In history, even before the advent of bitcoin, there were attempts to create a digital currency, it was only a moment in time.

[Alcor]

If there was no bitcoin, there would be something else. In history, even before the advent of bitcoin, there were attempts to create a digital currency, it was only a moment in time.

All useful varieties in the world of cryptocurrencies are provided by altcoins. Bitcoin was and remains only a coin, money, without any additional functions. Blockchain technology, for the first time in the world, thanks to the Internet, provides an opportunity to combine various regional databases into a single system and use it with a high degree of security online in various areas of human activity. Therefore, there are already about 22,000 different altcoins on the cryptocurrency market. The cryptocurrency market is developing rapidly thanks to altcoins.

[JordanKing]

Altcoins are in general defined as all cryptocurrencies other than Bitcoin. Most of the altcoins are designed and released by developers who have a distinct vision or use for their tokens. As bitcoin remains the principal cryptocurrency, the major altcoins like Litecoin do tend to follow its price trends.

[Speaker]

Altcoins exist for the same reason as millions of companies existing in the traditional sector of the economy and competing with each other.

[ashraf786100]

There would be something else if bitcoin didn't exist. Even before the invention of bitcoin, there had been brief attempts to develop a digital currency in the past. Thanks to altcoins, the cryptocurrency market is expanding quickly.

[rizqillah]

There would be something else if bitcoin didn't exist. Even before the invention of bitcoin, there had been brief attempts to develop a digital currency in the past. Thanks to altcoins, the cryptocurrency market is expanding quickly.

Sure, bitcoin is the pioneer of Blockchain technology.
Altcouns is the development of bitcoin.
I think we will see more potential coin and future technology at the coming years.
It will good to.see.

[Jaephoenix]

Altcoins are good alternatives to bitcoin, obviously. It has also got some use cases and these are quite interesting. Like Brave browser tokens which are disrupting browser niche

[zilzylian]

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 ??

The first is Dogecoin, I didn't expect it to become as big as it is today and is loved by an investor like Elon mask, the second is Solana, this project offers fast transactions and low fees when Ethereum gas prices increase.

[Doctor]

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 ??

Why altcoins exist ? because altcoins is the future currency beside bitcoin.
Bitcoin is the King of crypto and altcoins are follower.
I agree with the prediction, everything will be crypto.
Hopefully it will happen soon.

[yohananaomi]

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 ??

Why altcoins exist ? because altcoins is the future currency beside bitcoin.
Bitcoin is the King of crypto and altcoins are follower.
I agree with the prediction, everything will be crypto.
Hopefully it will happen soon.

the need that resulted in the existence of altcoins other than bitcoin, is equally needed to complement each other. because if it's only bitcoin, you can imagine that prices are increasingly uncontrollable and many can't even buy because the price will be so high that a complement is needed so that everyone can enjoy it too.
Bitcoin and altcoins are indeed expected to be the currencies of the future, but the journey for that will take time and there will still be many obstacles.

[rose berry]

may be to compete bitcoin, because bitcoin and alt coin need each other, and it is the future currency beside bitcoin,

[Speaker]

altcoins are part of some product that is interesting and in demand on the web3 market. By releasing their product to the market, the teams are not going to compete with bitcoin.