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Author Topic: Will Bitcoin remove all other altcoin from the market?  (Read 25305 times)

Offline gabbie2010

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #165 on: April 11, 2021, 11:56:27 AM »
The dominance of Bitcoin in the cryptoshpere or market might not necessarily remove other altcoins because each of those coins serve a particular purpose, e.g Bitcoin sole purpose is for peer to peer transactions, while some altcoins are created to cater for or find a solution to chain supply in medicine, transport etc others are for gaming purpose and so many other solutions.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #165 on: April 11, 2021, 11:56:27 AM »

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #166 on: April 12, 2021, 12:15:32 PM »
It is impossible for Bitcoin to erase all the altcoins that are on the market, instead these altcoins will also go up in price following the price of Bitcoin.
Bitcoin can live like now and is expensive because of the typhoon by altcoins and Fiat, so this Bitcoin will really continue to be sustainable with altcoins and it is impossible to remove altcoins that are already on the market.

Offline Sumaiya2

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #167 on: April 12, 2021, 03:48:27 PM »
All coins except Bitcoin are Eltcoin.  The Bitcoin market is hugely popular but the Elot Coin market is now very popular.  Currently Bitcoin has reached the peak of further development and all coins except unique coins are Eltcoin.
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Offline Lanirex

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #168 on: April 12, 2021, 06:46:38 PM »
How is it possible that Bitcoin will delete the Altcoins that exist today, and it will not be possible. Because after all Bitcoin would not be as popular as this if there were no Altcoins, because without Altcoins Bitcoin would be difficult to develop as it is today.

Offline alltalk

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #169 on: April 12, 2021, 11:28:25 PM »
Bitcoin would not be as popular as this if there were no Altcoins
Agree. It will be difficult for Bitcoin to survive as a single crypto coin without altcoins. I am sure if the Bitcoin wont be separated from altcoins nowadays. More altcoins make Bitcoin value to be more expensive, it is the fact. So, I cannot imagine if there will be altcoins, then we probably see that Bitcoin to disappear.
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Offline pelana vreo

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #170 on: April 13, 2021, 12:34:08 AM »
The dominance of Bitcoin in the cryptoshpere or market might not necessarily remove other altcoins because each of those coins serve a particular purpose, e.g Bitcoin sole purpose is for peer to peer transactions, while some altcoins are created to cater for or find a solution to chain supply in medicine, transport etc others are for gaming purpose and so many other solutions.
Yes, it is true.
Every altcoin fills every void that exists, from the past the system of inter-country transactions has been very difficult to do, that's why Bitcoin was created and now Altcoins are complementary to be used in various fields. In the future altcoins will be more popular because of the functions and systems they offer and Bitcoin as a digital asset that has a value at a high selling price

Offline eldial

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #171 on: April 14, 2021, 01:25:05 PM »
I dont think can bitcoin remove all other altcoin from the market but there are big chances it will happened because of bitcoin standard and largest coin in cryptocurrencies which is the one potential in the market in terms of coin exchanges.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #171 on: April 14, 2021, 01:25:05 PM »


Offline pacar_tiri

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #172 on: April 14, 2021, 03:02:04 PM »
Although only a few countries allow one digital currency as a transaction medium (Bitcoin). For me, this wouldn't be the reason that Bitcoin would remove altcoins. Altcoins also play a very important role in the development of the Crypto world.

That's true, altcoin also play a very important role in the development of crypto currency , As you said. I also don't believe bitcoin will remove all other altcoin from the market. Because they have own market and support each other.

Offline gurunanakji777

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #173 on: April 14, 2021, 03:50:56 PM »
No, but bitcoin will be more stronger year by year but altcoins will also remain in the market. We need altcoins also to trade against bitcoin so both have its own importance in the crypto market. Both are incomplete without each other in my opinion.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #174 on: April 15, 2021, 06:11:57 AM »
It is possible for Bitcoin to wipe out all cryptocurrency markets, but cryptocurrency will definitely feel lonely without altcoins.
Bitcoin has a limited function because if multitasking is certain Bitcoin has weaknesses and the function of altcoins is to provide a loophole for what Bitcoin lacks.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #175 on: April 15, 2021, 07:25:24 AM »
It is possible for Bitcoin to wipe out all cryptocurrency markets, but cryptocurrency will definitely feel lonely without altcoins.
Bitcoin has a limited function because if multitasking is certain Bitcoin has weaknesses and the function of altcoins is to provide a loophole for what Bitcoin lacks.

Why do you think Bitcoin could wipe out other cryptos?
I don't think it could. One reason why I think so is exactly what you mentioned - Bitcoin is not almighty, there are many other functions that cryptocurrencies can provide, so there is a need for altcoins and tokens.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #176 on: April 21, 2021, 12:42:03 PM »
bitcoin remove all other altcoin from the market but there are big chances it will happened because of bitcoin standard and largest coin in cryptocurrencies . In the future altcoins will be more popular because of the functions and systems they offer and Bitcoin as a digital asset that has a value at a high selling price
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #177 on: April 22, 2021, 04:34:04 AM »
It is possible for Bitcoin to wipe out all cryptocurrency markets, but cryptocurrency will definitely feel lonely without altcoins.
Bitcoin has a limited function because if multitasking is certain Bitcoin has weaknesses and the function of altcoins is to provide a loophole for what Bitcoin lacks.

Why do you think Bitcoin could wipe out other cryptos?
I don't think it could. One reason why I think so is exactly what you mentioned - Bitcoin is not almighty, there are many other functions that cryptocurrencies can provide, so there is a need for altcoins and tokens.
I agree with you. All this discussions about Bitcoin wiping out other Altcoins is not really necessary.  We don say because one particular Car brand is so good it will wipe out other Car brands. Both Bitcoin and Alts have their different usefulness to the crypto ecosystem only the very week and no function Alts will die off naturally and Bitcoin and any other Alts with strong community backings will continue.

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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #178 on: April 22, 2021, 07:30:26 AM »
We know that bitcoin is one of the best valuable digital crypto in cryptocurrency world. Because it's price is very high position than others crypto.So it's called the king of cryptocurrency world.So we told that when the price of bitcoin is increas that others coin price will increase,when the price of bitcoin is lower, than others coin is lower.But we can not think that while bitcoin is remove the cryptocurrency market can't finish.We told that mey be the market is dump for this situation.
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Re: Will Bitcoin remove all other altcoin from the market?
« Reply #179 on: April 22, 2021, 08:40:36 AM »
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.

I have read many comments here, I think It will never happen, bitcoin never remove all other altcoin from market. Because altcoins have different community, So, Bitcoin will always be the king, altcoins will follow.

 

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