Will Bitcoin remove all other altcoin from the market?

[legend45]

We know that, bitcoin is the most popular crypto-currency of the world. Its value is higher than any other currencies. It is unanimously accepted by the crypto holders. Some countries have already permitted only bitcoin for transaction and many countris are considering to permit it. People can now pay bill through bitcoin in some cases. There are a lots of crypto-currency in the world but bitcoin is now leading the crypto world. Is bitcoin will remove all other crypts from the market in the future? Your valuable opinion is highly appreciated.

Bitcoin is biggest community and still the King of crypto currency. But I don't think bitcoin will remove all other altcoin from the market .
Because I see there is several potential altcoin like ethereum , USDT, polkadot, ripple etc.
I always one of very potential altcoin will overtake bitcoin at the coming future.

[Senin]

Altcoins have dramatically increased the power of cryptocurrency over the past five years since the advent of ethereum and other altcoins. In terms of functional qualities, they have far surpassed bitcoin and have become in demand in many areas and spheres of our life. So far, I see that altcoins complement bitcoin and this market has become much more in demand thanks to altcoins. Therefore, in the future, altcoins will definitely only strengthen their positions in the cryptocurrency market and will not disappear anywhere.

[shadowdio]

I don't think that altcoins will remove just because of people prefer bitcoin to use as a payment. You know bitcoin transaction fee is so high, I prefer to use altcoins which has low transaction fee just like ripple.

[jakasantosa]

I think it will never happen because altcoins can be said to be derivatives of bitcoin. And many of the altcoin prices refer to the bitcoin price, when the bitcoin price goes up, alcoin also goes up and bitcoin goes down, some altcoins also go down.

[Alcor]

The popularity of cryptocurrency is now growing more due to altcoins. For quite a long time, Bitcoin has practically stood still in development with the lowest scalability at seven transactions per second. The next year will be decisive for him. If it does not meet the expectations of a sharp increase in the price, it is even difficult to imagine what changes then the cryptocurrency market expects. It is possible that the market will reach an even higher level of development.
Altcoins will not disappear anywhere. Through trial and error, they continue to evolve quite rapidly. Bitcoin already has little effect on them. Bitcoin's price dominance in the cryptocurrency market is also not forever.

[labonikhatun]

It is not possible to remove all other altcoins from the bitcoin market like bitcoin these will dominate the market but bitcoin will be at the top bitcoin is more expensive than other currencies due to high demand. if the market conditions are good the demand price of altcoins like bitcoin will increase.

[tervel]

Altcoins are produced by miners and subsequently offered for sale in the market in order to obtain Bitcoins.The survival of altcoins depends on their development. I don't think it will happen because there are enough Altcoins with good development.

[Astra]

Don't spread FUDs, bro. Bitcoin won't remove any altcoins because Bitcoin needs altcoins to survive as well. I think altcoins become another factor for Bitcoin to survive and make it stronger. So, why Bitcoin need to remove altcoins in the market?

There is no way Bitcoin can remove altcoins from the market. Bitcoin performs only those functions for which it is programmed. It only exerts price dominance on other types of cryptocurrencies due to its current high level of capitalization. In the coming years, the situation with capitalization may change dramatically.

[MrSpasybo]

Don't spread FUDs, bro. Bitcoin won't remove any altcoins because Bitcoin needs altcoins to survive as well. I think altcoins become another factor for Bitcoin to survive and make it stronger. So, why Bitcoin need to remove altcoins in the market?

There is no way Bitcoin can remove altcoins from the market. Bitcoin performs only those functions for which it is programmed. It only exerts price dominance on other types of cryptocurrencies due to its current high level of capitalization. In the coming years, the situation with capitalization may change dramatically.

In the simplest crypto scenario, if only BTC is accepted and not altcoins (in case the government wants to simplify options for ease of administration), BTC can replace fiat in transactions daily, because even if BTC reaches $1M, 1 sat = 1 cent, still satisfies our payment needs.
However, at the moment the altcoins market is much more vibrant and attractive than BTC, the versatility of smart contracts is attracting more attention than the value of BTC. And I believe that if BTC is the only accepted cryptocurrency there will be another altcoin, maybe ETH will challenge BTC in the future

[ashraf786100]

Despite the popularity of the bitcoin, altcoins have become very popular in our lives and the BTC bar axes are very useful. I don't think What Coins should be opposed to BitCoin.

[lepbagong]

Bitcoin will never be removed from any market. Bitcoin is called the king of all coins. We see that Bitcoin is in the number one position in the market cap. All tokens are traded with Bitcoin. It is never possible to market any coin except Bitcoin. So I would say Bitcoin will never be removed from the market. Because people all over the world buy and sell on bitcoin.

true, but ethereum's role is also very good to be able to grow a lot of new altcoins that can make the crypto market excited, because if there were no other altoin and only bitcoin then the crypto market would not be as excited as it is today.

but what do you say that bitcoin is the king of all coins I really agree because the role of bitcoin is very clear it can set the price of all coins that are in crypto with the influence it has. This cannot be denied by anyone because the market for bitcoin is very high, which indicates that many investors trade bitcoin because it is very profitable compared to other coins even though the role of other altcoins is also good.

[Hometown]

I don't think so because in cryptocurrency market cap bitcoin is the best online Crypto and others cryptocurrencies are the solders of bitcoin Kingdom.

[EthereumDev_]

I don't think so because in cryptocurrency market cap bitcoin is the best online Crypto and others cryptocurrencies are the solders of bitcoin Kingdom.

well, bitcoin is only the beginning where more and more cryptocurrencies will be created because there are many that can be utilized from blockchain technology which is currently very useful and very meaningful.

[Prime]

What do you mean removing? DO you mean that there will be only one crypto in the world? Bitcoin?
Now, it will never. Bitcoin will have a higher value because of altcoins. They can support each other. However, some shitcoins must be eliminated and removed.

[masudginanjar]

To support that valuable Bitcoin, there must be altcoins so that it can be expensive and heavily traded.
Although altcoins will lag in price, they will also have value when traded with Bitcoin.

A bond like this is like a symbiotic mutualism and this is an economic law because gold trading also exists for pairs with Oil, Gas, Silver and Copper.