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Author Topic: Why altcoins exists?  (Read 14216 times)

Offline Thalassaya

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Re: Why altcoins exists?
« Reply #30 on: August 30, 2020, 12:51:18 PM »
Altcoins were created to compete, to replace Bitcoin. Either to experiment with useful features that bitcoin doesn't have or to improve Bitcoin's downsides. When it affects people and creates benefits for them, it will obviously exist

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Re: Why altcoins exists?
« Reply #30 on: August 30, 2020, 12:51:18 PM »

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Offline Calantha

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Re: Why altcoins exists?
« Reply #31 on: August 30, 2020, 12:53:22 PM »
The reason Altcoin can exist is because it has its own advantages and benefits that other cryptocurrencies do not.

Offline Rosemaryy

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Re: Why altcoins exists?
« Reply #32 on: August 30, 2020, 01:26:48 PM »
Altcoin can survive because it is resilient and resistant to market volatility. Many cryptocurrencies are short-lived because they do not have the features users need and are prone to market volatility. that is why they cannot last long

Offline bigcash2011

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Re: Why altcoins exists?
« Reply #33 on: August 30, 2020, 01:34:31 PM »
This is a very newbieish post and question to be honest. Anyways i can understand not all people will be able to know how everything works very quickly. Every altcoin has unique features and services and aims to be better than the previous ones so we simply cannot stop new projects from launching let the innovation thrive and the best ones will survive in the end.

Offline Ten Ryuu

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Re: Why altcoins exists?
« Reply #34 on: August 30, 2020, 04:31:26 PM »
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 ??

One of the main reason is that developers wanted to create their own cryptocurrency so that they can apply all the thoughts and plans they have that is not possible with Bitcoin.  Another reason is that many of these developers seeks wealth and they won't see it coming from Bitcoin.  It is the sad truth of the majority altcoin that were launched in the history of cryptocurrency.

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Re: Why altcoins exists?
« Reply #35 on: August 30, 2020, 06:30:22 PM »
Bitcoin and Altcoins are connected each other's in a systematic manner. If bitcoin falling down, then simultaneously all altcoins price falling down acutely. If bitcoin a king of cryptocurrency market, then Altcoin also soldiers of the cryptocurrency Kingdom.
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Re: Why altcoins exists?
« Reply #36 on: October 26, 2020, 06:21:26 AM »
Altcoins are mainly created because bitcoin cannot functionally cover all those possibilities of using cryptocurrency, where it can be used for the benefit of humanity. Bitcoin was created only as a universal means of payment, but cryptocurrency can perform much more functions. In addition, bitcoin as a cryptocurrency is still not perfect, so its forks are created. At the same time, the altcoins themselves are improving. This process is continuous and endless.

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Re: Why altcoins exists?
« Reply #36 on: October 26, 2020, 06:21:26 AM »


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Re: Why altcoins exists?
« Reply #37 on: October 26, 2020, 07:20:53 AM »
The main reason an altcoin market exists is to simply get more bitcoin.When Bitcoin is stable, the altcoin market flourishes.When bitcoin is clearly taking a dirtnap, people dump their alts to lock in fiat value before their trading accounts vaporize.

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Re: Why altcoins exists?
« Reply #38 on: October 26, 2020, 12:50:58 PM »
Bitcoin and Altcoins are connected each other's in a systematic manner. If bitcoin falling down, then simultaneously all altcoins price falling down acutely. If bitcoin a king of cryptocurrency market, then Altcoin also soldiers of the cryptocurrency Kingdom.
Yes sir, without altcoin bitcoin cannot exist.
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Offline Black ID

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Re: Why altcoins exists?
« Reply #39 on: October 26, 2020, 01:26:52 PM »
In my opinion, because both altcoin and bitcoin are inseparable. The existence of altcoins gives more color to crypto. And with bitcoin, people will enter crypto and get to know altcoins. The two of them cannot be separated.
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Offline kent47400

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Re: Why altcoins exists?
« Reply #40 on: October 27, 2020, 08:33:22 AM »
To double our Bitcoin we have to trade with altcoins.
When Altcoins are bought, our Bitcoin can be doubled if the price goes up.
But if the altcoins we buy go down, our Bitcoin will slowly lose the value of the Bitcoin.

Simply put, the altcoins are for comparison to Bitcoin and for profit.
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Offline EthereumDev_

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Re: Why altcoins exists?
« Reply #41 on: October 27, 2020, 08:42:41 AM »
To double our Bitcoin we have to trade with altcoins.
When Altcoins are bought, our Bitcoin can be doubled if the price goes up.
But if the altcoins we buy go down, our Bitcoin will slowly lose the value of the Bitcoin.

Simply put, the altcoins are for comparison to Bitcoin and for profit.
unfortunately not all altcoins can provide many benefits because no one can guarantee that the altcoin is up or not so altcoins will have a very high risk.

Offline Thymoty

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Re: Why altcoins exists?
« Reply #42 on: October 27, 2020, 09:03:20 AM »
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 ??

Bitcoin is a pioneer in the world of cryptocurrency, it is the first cryptocurrency to succeed in the market. But despite its success, bitcoin still has some problems and limitations, such as protocol problems, gas fees etc. So with the emergence of various alternative coins on the market, it can solve the problems that exist with bitcoin and make cryptocurrency development even better in the future.
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Offline Spaqo99

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Re: Why altcoins exists?
« Reply #43 on: October 27, 2020, 10:59:45 AM »
Altcoins exists to provide alternative to Bitcoin and to also provide competition which has helped investors a great deal.

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Re: Why altcoins exists?
« Reply #44 on: October 27, 2020, 06:49:51 PM »
If there was only one bitcoin on the market, there would be no such interest in this market. It is very difficult for bitcoin to make good interest rates in a short time, but altcoins can bring 2x in a week.

 

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