Why altcoins exists?

[Condorlaib]

Altcoin for any project is primarily a tool, not a means for speculation.

I think that many cryptocurrency users will have to rethink their views on how to use cryptocurrencies and what they are created for.  if there is understanding, then there is a cost-effective approach.

[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 ??

I had been here in the cryptocurrency business, and as far I knowis the father of all altcoins in this industry, therefore, when bitcoin goes down its price value in the market for sure the majority of the altcoins will get dump their price too, and when bitcoin goes up or spike the value in the market the majority of the altcoins also get up or pump their prices as well, not because  altcoins pushes the price up of bitcoin.

[elbans89]

Altcoin for any project is primarily a tool, not a means for speculation.

I think that many cryptocurrency users will have to rethink their views on how to use cryptocurrencies and what they are created for.  if there is understanding, then there is a cost-effective approach.

I agree with this ,altcoin is primarily a tool , there are several potential project, especially altcoin projects. That's good.
Altcoin will exist if they have good project, good team and usable.
Because many altcoin projects are fail.
Thats teh fact of the reason why altcoin will exist.

[Chriscryp]

altcoins exists because we do not have the capacity to buy BTC 

[pacar_tiri]

altcoins exists because we do not have the capacity to buy BTC 

honest comment, but I think you can buy 0.0000.... BTC, If you want to buy BTC.
It's not the reason why altcoin exists.
Altcoin exists because to complete the bitcoin at several function that bitcoin cannot do.
Altcoin technology is better than bitcoin.

[Alcor]

Altcoins add variety to the useful functions that cryptocurrencies can perform. One bitcoin cannot cover everything that altcoins can. It's like diversity in clothes, shoes, cars, houses, and everything a person needs.

[Jaephoenix]

You are sounding as if the altcoins don't have a soul of its own, and loves parasitically in bitcoin. That is far away from the real life situation. Some alts like Ethereum, Binance Coin are lords and have a huge following

[gunhell16]

altcoins exists because we do not have the capacity to buy BTC 

honest comment, but I think you can buy 0.0000.... BTC, If you want to buy BTC.
It's not the reason why altcoin exists.
Altcoin exists because to complete the bitcoin at several function that bitcoin cannot do.
Altcoin technology is better than bitcoin.

Isn't sir altcoins will not be exist if there is no buyers in trading, so I think these buyers or investors is the heart of the altcoins  in trading that is why they exist, because they believed in it and some of the altcoins does have really a potentials to give earnings in the future? This is just my personal assessment and opinion.

[Speaker]

The cost of altcoins consists of the success of projects, funds and investors.It depends least of all on speculators and traders. If the product is important and needed, it will simply be successful.

[Ankit1999999]

It's difficult to invest in a new project without real use case in the future. It's like a meme coin that needs a community to pump and dump. Also this kind of project will not become productive because it is seasonal.  some project is not for long term, so be careful. Much better to find a project with utility and can stay in the market in a long period of time.

[Ghozrd]

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 price increased due to Bitcoin Halving, that's what I've seen so far.
The price of altcoins has no effect on the price of Bitcoin, it happens because the market capitalization of BTC is higher than the existing Altcoins, more than 40% of the market capitalization of Bitcoin crypto. So what could push the price up or down could be due to Hype and FUD, as some investors are trying to make a lot of money the way they have

[Jaephoenix]

Altcoins exist for a reason: utility(at least some of them). And if they are not, they are simply scams. Bitcoin is getting some competition for dominance, as you can see, its dominance levels are lower than last year's

[Speaker]

Last year, the market was bullish, but now there is strong turbulence, including in the stock market.This cannot but affect Bitcoin

[Fenix]

When people see that they can apply cryptocurrencies in new areas or otherwise, they implement their ideas by creating altcoins with new features. Simply put, altcoins appear to diversify the functions and improve the usefulness of the cryptocurrency. After all, bitcoin is only money, it has no other useful functions. Thus, through altcoins, the cryptocurrency is improved and transformed.

[Shahinaz]

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