1
Cryptocurrency discussions / Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« on: May 05, 2024, 03:25:18 PM »It's true, Bitcoin will continue to do well as you say, but for traders this won't go well because the price of bitcoin is too expensive making it difficult for them to grow assets in cryptocurrency, with altcoins traders have the opportunity to grow assets their cryptocurrency. With the development of altcoins, it can also be an alternative for making transactions if you don't want to use bitcoin because the transaction costs may be quite high.There is a popular saying that a tree cannot make a forest.Bitcoin was doing well without the altcoins and the creation of Altcoins causes the deviation of bitcoin from the real course of invention. Bitcoin was created to pay things online to remove inflation in the world and also to reduce the government control of currency. And today that purpose of bitcoin to pay things is not found in anywhere in the world except few. And this is caused by the creation of Ordinals and the competitive cryptocurrency market caused by altcoins. The real purpose of bitcoin was very good for all but investment has taken over the market. Though the bitcoin helps altcoins to grow because when bitcoin rise altcoins also rise and I don't really for the idealis school of thought that altcoins also helps bitcoin. I will not agree with that part of the thought. If there was no competition bitcoin would have been a good avenue to reduce government power in the economy.