Do we Need Altcoin?

[I-Bit]

I think Altcoins are need to make money and for new projects.

What are you trying to say? Do you think altcoins are only for teams of new projects to get enough money on fundraising? I think you don't take more research about the use or advantages of altcoins. You must know that altcoins are more than what you said.

[Alter]

There are thousands of altcoins that are in my opinion much more effective than BTC.

Are you sure? I can say yes some of the altcoins are good, but not sure to say thousands. 
Indeed altcoins are needed because they have many functions. I think it will be a bad condition if we only have Bitcoin, without altcoins. It is too risky for Bitcoin.

[JacobMichael]

Some Bitcoin believers believe that altcoins are unnecessary, and it will not be successful, because Bitcoin's infrastructure is too large to compete. However, they do play an important role. They together with Bitcoin fulfill the purpose of decentralizing the cryptocurrency community.

[Naimah]

Of course it is very necessary. Although Bitcoin can replicate these features if the developers or the community desire, altcoins are still recognized as a better "cryptocurrency testnet" than Bitcoin's testnet.

[Thalassaya]

Yes, of course we need it. As we all know, Altcoin is an alternative to Bitcoin as it improves on Bitcoin's downsides. In addition, a lot of Altcoins are trying to compete to surpass Bitcoin, such as comparing anonymity in transactions, Bitcoin has some formidable competitors such as Monero, Dash, Zcash, Namecoin ...

[Naimah]

Altcoins are very important to us, when talking about commercial value, these altcoins process transactions faster so they always have an advantage.

[JacobJacob]

Yes, Altcoin helps you multiply capital much faster than Bitcoin, as you know Bitcoin is the largest virtual currency in the world by market capitalization, so it is difficult to x5, x10 in the short or medium term (2,3 months), but Altcoin can do it

[Noverteno]

Some Bitcoin believers believe that altcoins are unnecessary, and it will not be successful, because Bitcoin's infrastructure is too large to compete. However, they do play an important role. They together with Bitcoin fulfill the purpose of decentralizing the cryptocurrency community.

Altcoins are truly the future of cryptocurrency, as they bring a variety of useful functions to it. Compared to altcoins, bitcoin has very few useful features. It is simply a universal coin that has long lagged behind many altcoins in terms of functionality. Bitcoin never became a widespread means of payment, and given that altcoins have already surpassed it in this regard, it probably will not. We also do not know what will happen next with the price of bitcoin. If after a while it stops growing in value, then it will lose its current leadership position.

[shadowdio]

Well yes we need more altcoins because the more altcoins the more opportunities that we can make money but sadly not all altcoins are legitimate some of them are scam coins.. so be careful choosing an altcoin to invest make sure you do research the project.

[Bliznec]

Some Bitcoin believers believe that altcoins are unnecessary, and it will not be successful, because Bitcoin's infrastructure is too large to compete. However, they do play an important role. They together with Bitcoin fulfill the purpose of decentralizing the cryptocurrency community.

Most of all, I trust my investments to bitcoin. Altcoins need to be selected top-end, then you will come to profit. The alt season will come very soon and we will see what is achievable.

[Louis_Sarquillas]

First of all each altcoin has its own pros and cons. Imo altcoins of projects that will bring innovation to the crypto world can benefit both the crypto world and individuals.For example the project that looks interesting to me,Drife, is a decentralized ride-hailing platform which aims at
empowering both the driver and rider communities.Their native altcoin $DRF made x20 from the first week.For me, this may have been luck, but I want to say that altcoins can also be good options.

[TOP_ETH]

of course it is necessary because the more alt coins the more opportunities we can make money but of course there must be project research first alt coins have more efficient transactions

[Callisto]

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?

I think they are needed, because technologies are growing and new projects are attracting the community with their novelty and new solutions, this world will always develop and there will be new projects in the form of altcoins, I think they are always needed, new altcoins.

[Renampun]

Altcoins are very important to us, when talking about commercial value, these altcoins process transactions faster so they always have an advantage.

altcoins help us to choose other coins that are cheaper than bitcoin which is already expensive for some people. Altcoins are really good and a lot of people are profiting from it, the market feels more crowded and the competition is very tight.

[Judith_Lance]

First of all each altcoin has its own pros and cons. Imo altcoins of projects that will bring innovation to the crypto world can benefit both the crypto world and individuals.For example the project that looks interesting to me,Drife, is a decentralized ride-hailing platform which aims at
empowering both the driver and rider communities.Their native altcoin $DRF made x20 from the first week.For me, this may have been luck, but I want to say that altcoins can also be good options.

It may be drawing attention because it is a project that is quoted from real life. If you are a different project, I think it doesn't matter whether you are an altcoin or not. People and blockchain technology are looking for innovation.