Bitcoin needs Altcoins as much as Altcoins need Bitcoin

[koang]

Those are quite fine points to consider and I believe a lot people haven't really been seeing the whole Bitcoin and altcoins relationship that way.
Although the belief have been that altcoins needs Bitcoin more (that's if bitcoin even needs altcoins) because Bitcoin's popularity and status has actually paved way for altcoins surface and thrive in the crypto space. So it's mostly believe that whatever popularity and altcoin attains in the crypto space, it's definitely because of Bitcoin.

And then the only benefit of altcoins to   Bitcoin or crypto space at large that were very common amongst crypto enthusiasts is that Altcoins is believed to have offered diversity as well as innovation, now people have variety of options to also consider and divert their investment to, which actually helps to keep the crypto space vibrant and considerable for investors and other users.

In other words, Bitcoin is a pioneer and Altcoins is the next level for the adoption.
Altcoins have had a huge influence on the development of the crypto industry. Probably nothing or just the beginning.
And the rise of crypto is reshaping how we think about money and power.
It will be intriguing to see how the political landscape responds to this shifting tide.

[LUCKMCFLY]

Those are quite fine points to consider and I believe a lot people haven't really been seeing the whole Bitcoin and altcoins relationship that way.
Although the belief have been that altcoins needs Bitcoin more (that's if bitcoin even needs altcoins) because Bitcoin's popularity and status has actually paved way for altcoins surface and thrive in the crypto space. So it's mostly believe that whatever popularity and altcoin attains in the crypto space, it's definitely because of Bitcoin.

And then the only benefit of altcoins to   Bitcoin or crypto space at large that were very common amongst crypto enthusiasts is that Altcoins is believed to have offered diversity as well as innovation, now people have variety of options to also consider and divert their investment to, which actually helps to keep the crypto space vibrant and considerable for investors and other users.

In other words, Bitcoin is a pioneer and Altcoins is the next level for the adoption.
Altcoins have had a huge influence on the development of the crypto industry. Probably nothing or just the beginning.
And the rise of crypto is reshaping how we think about money and power.
It will be intriguing to see how the political landscape responds to this shifting tide.

Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.

[koang]

Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.

It's safe to say that most cryptocurrency traders and investors have Bitcoin as their primary investment objective.
Bitcoin accounts for more than half of all crypto asset market cap and altcoin prices are usually measured in Bitcoin.
This gives Bitcoin a lot of influence and control over Altcoin prices.
But Bitcoin and Altcoins are two sides of a coin that will influence each other as supply and demand are at the root of the relationship.
That's why traders/investors are advised to diversify, as this can help reduce the risk of both.

[Gladitorcomeback]

Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.

Don't look at it this way, think about the contributions of altcoins towards the adoption rate of Bitcoin and the overall market, if it wasn't for altcoins, Bitcoin wouldn't be as widespread as it is today because altcoin projects promote the market, and when the market is promoted, people tend to look for the leader of the market and we all know who the leader is, it's Bitcoin, of course.

So altcoins have greatly helped Bitcoin gain the level of adoption that it has today, this is why I also think that Bitcoin did need altcoins even if it doesn't need them anymore because it has become extremely popular now, but for adoption in the past, altcoins played a great role.

[DAMKAR]

Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.

Don't look at it this way, think about the contributions of altcoins towards the adoption rate of Bitcoin and the overall market, if it wasn't for altcoins, Bitcoin wouldn't be as widespread as it is today because altcoin projects promote the market, and when the market is promoted, people tend to look for the leader of the market and we all know who the leader is, it's Bitcoin, of course.

So altcoins have greatly helped Bitcoin gain the level of adoption that it has today, this is why I also think that Bitcoin did need altcoins even if it doesn't need them anymore because it has become extremely popular now, but for adoption in the past, altcoins played a great role.

You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low

[Jamal Aezaz]

You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low

Both Bitcoin and altcoins are related with each other and of course Bitcoin price is regularly changing the price of altcoins but it does not mean that the highest price of Bitcoin is due to the rise in altcoins price. It can be said that those who cannot buy Bitcoin due to the highest worth have the opportunity to buy some altcoins to increase the worth of their money.

If there was just a single currency like Bitcoin then people will not be involved in investment of crypto as much as they are now because everyone cannot afford the buying of Bitcoin due to its expensive nature.

[DAMKAR]

You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low

Both Bitcoin and altcoins are related with each other and of course Bitcoin price is regularly changing the price of altcoins but it does not mean that the highest price of Bitcoin is due to the rise in altcoins price. It can be said that those who cannot buy Bitcoin due to the highest worth have the opportunity to buy some altcoins to increase the worth of their money.

If there was just a single currency like Bitcoin then people will not be involved in investment of crypto as much as they are now because everyone cannot afford the buying of Bitcoin due to its expensive nature.

We can buy Bitcoin according to the money we have, so we don't have to buy at least 1 BTC. Bitcoin will always be king, where bitcoin price movements will influence the prices of other altcoins. that is the reality of what is happening in the crypto world

[Dr.Bitcoin_Strange]

You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low

I wouldn't really completely agree with this assertion.
The only reason bitcoin is doing so well today was because more people are adopting and using it, even before the emerging of altcoins, Bitcoin has been doing pretty well and still is, on the contrary, I believe it's the other altcoins that actually depends on Bitcoin's popularity to survive and do well.

[UNIVERSE]

You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low

The existence of altcoins surely support Bitcoin. Bitcoin becomes popular because of the supports from altcoins. However, I think the price of Bitcoin isn't influenced by altcoins. Bitcoin price is growing with its own way, it is expensive because it has limited supply. But I don't deny that the popularity of Bitcoin triggers higher demands on Bitcoin. Anyway, we can't claim Bitcoin was has no value because there were no altcoins. Everything should be cheap when it is in a very early stage of development.