Do we Need Altcoin?

[LogiC]

That depends on the people's demand. A single coin does not provide all the necessary tools or service. That's why many new alts came every day. But it is also true that there are a lot of alts and the number of upcoming alts is quite high.

This is the problem. Many altcoins have different types of usage and some of them are only copy cats of the previous projects. What is bothering me is they are just piling up and keep pouring in the market resulting to huge list of crypto which is almost same purposes. That adds to the reason why market is very unstable cause people are just jumping to different trains.

[Andruha1993]

I think altcoin is really needed, considering that altcoin is quite influential on the cryptocurrency market. moreover traders often use altcoin and altcoin kings also play an important role for better development.

I also think that we definitely need altcoin and completely agree with you. Traders and investors especially need it, because thanks to altcoins they earn good money. Therefore, I am FOR Altcoin.

[masudginanjar]

There is one thing that manuis cannot do, that is destiny!
The destiny of Bitcoin and altcoins cannot be predicted to end well or badly.

Altcoins are like something more different from Bitcoin, whether it's transactions, speed, security, privacy or the excellence created by Altcoins.
This is why "why do we still need altcoins". just my opinion.

[Duckenth]

Yes, in my opinion it's necessary, because even though Altcoin is a lot now, the presence of the new altcoin will certainly bring fresh air to Cryptocurrency traders. Because with the increasing number of Crypto coins, the more coins we can trade. And the opportunity to get greater profits.

[tonymillions84]

yes yes, we need altcoins. i am of the opinion that bitcoin can not serve everyone. therefore , we need alternative coins just like bitcoin to serve the same purpose of bitcoin and to make crypto available to everyone. also we notice that the price of bitcoin has exceeding the expectation of an average poor man.

[corr]

Of course, this market requires altcoins as an alternative. You cannot give the whole monopoly to one bitcoin. I believe that this market should continue to develop. In order for it to develop, new projects must come out. There are already projects beyond Bitcoin. See how coinmarketcap has changed, many coins have simply lost their ground and new projects have taken their place. This means that the market is developing

[Ta.Form]

It cannot be denied. Trading altcoin can get a lot of benefits. I am sure, many of us get more profit from altcoin than trading. Not only that, altcoin was created for transaction fees that are cheaper than bitcoin.

[alstevenson]

Yes we do need some altcoins but not a lot of it. There is so many projects out there that claiming their idea is much better than the new one but the reality is it was just a copycat from the existing. We do need some altcoins if they have really a unique concept and a good team that always work hard just to make their project successful.

[Boss95rnd]

There are thousands of altcoins that are in my opinion much more effective than BTC. Lower commission fees, faster blockchain transactions and a much better price seem more attractive to me than the oldest coin on the market.

[MUGNIA]

whether or not a new coin is needed depends on the needs of each person, for those who already know the value of selling the best coins usually if there are new coins always evaluate the value of the use of the coins themselves, without them leaving the top coins in the market

[Fenix]

Decentralized cryptocurrency is still too imperfect and the development of altcoins helps to solve this problem. In addition, neither Bitcoin nor another coin can provide the need for a variety of functions that altcoins already perform. Therefore, we certainly need altcoins.

[vaysar]

Well, given that the share of Bitcoin in the cryptocurrency market is 90%, and more recently this figure was about 70%, it can be argued that the role of altcoins in the cryptosphere continues to decline. It seems to me that altcoins are definitely needed, but really useful for society - they probably have not yet been invented by developers, but they will certainly appear in the future.

[Cutter Cute]

There are thousands of altcoins that are in my opinion much more effective than BTC. Lower commission fees, faster blockchain transactions and a much better price seem more attractive to me than the oldest coin on the market.

Yes, you are right, if we talk about technology, of course, there is always renewal all the time, but what if there was no Bitcoin at that time, would we see altcoin as it is today.
The rapid progress in the crypto world makes developers interested in always creating new projects that are better and faster for transactions

[micjoh]

I think Altcoins are need to make money and for new projects.also most altcoins are have very good projects.so Companies and people benefit from it.

[OptimusPrime]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

you should also know that bitcoin does not satisfy all cryptocurrency parameters so we see many other cryptocurrencies to serve different purposes or does it mean you don't read on the so-called new projects you see to know what they have to offer. try to read and make researches