Do we Need Altcoin?

[nakmantu99]

 Yeah, we need altcoins for digital assets and investment.
But for now we didn't need crypto for payment methods, because didn't being accepted by all countries.
Maybe at the coming years ,it will happen.

[Speaker]

altcoins are needed and important as a product and an internal unit for the operation of many projects and a protocol.It is the speculative component of any altcoin that is now able to bring down the price of many promising projects.

[elbans89]

altcoins are needed and important as a product and an internal unit for the operation of many projects and a protocol.It is the speculative component of any altcoin that is now able to bring down the price of many promising projects.

You're right, altcoins are needed to complete bitcoin function.
Because altcoins have many products.
Such as smart contract platform, defi, NFT, web 3.0 , metaverse etc.

[densus88]

Of course ,we need altcoin.
It will make us have more chances to invest in crypto currency, not only in bitcoin.
We see there are many potential altcoins for investment.

[smart_oa]

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?

Some people say altcoin is the scam that whales use to grab your BTC. I am not sure this is right or wrong but some altcoins really make significant growth compared to BTC. Even some have greater ROI than BTC so I think they are doing something amazing. If they are not then why do people still buy them from the market?

[MrJackk]

Well, even in general we have alternatives for many things just like that.

[Octoalts]

Of course ,we need altcoin.
It will make us have more chances to invest in crypto currency, not only in bitcoin.
We see there are many potential altcoins for investment.

The more Altcoins, the more opportunities we have to profit, this is true and I agree because the more Altcoins the more coins we can choose. And if we are lucky, we can get bigger and faster profits in Altcoins than we invest in Bitcoin.

[Speaker]

altcoins and web 3 are very important. First of all as a product, and then as a speculative tool.

[silkytakyaan86]

Yes, investors have benefited a lot from altcoin. It is quite popular. And good choice too. More altcoins, more investment. And earn more. You have asked this good question in my opinion.

[jhm]

Above all, its nice to have choices. One coin may do one function, over another. Bitcoin today is the gold reserve, but people aren't using it as the ideal to transact on, or for building on. We absolutely do need new ideas and innovations...even if most are trash. The slither of "good ones" are what count

[Alichlas92]

In my opinion all altcoins are not a necessity.. unlike fiat money, surely everyone needs them. 

[surendertakyaan70]

Yes, I think. That would be correct. Because obviously. altcoin has given good profits to everyone. Mostly of the investors like to invest. The more you have now, the better.

[EthereumDev_]

Of course we all need altcoins because with altcoins you can increase the number of assets you have, the price of altcoins that are still cheap can certainly provide a lot of profit when you can buy at the right price.

[Noverteno]

Although bitcoin is currently the leader of the cryptocurrency, altcoins form the basis of this market and they are the most useful part of it. Many altcoins are also worthless, but thanks to them, this market is rapidly developing and improving. Therefore, altcoins in general are very useful. All additional features of the cryptocurrency appear due to the variety of altcoins.

[Foofaraw]

Well, different altcoins have different purposes and their own competitive advantages. People have a high interest in altcoins and because of this demand, more and more altcoins are introduced in the market. But they also have significant risk as many of them are scams or fall drastically over time. So it is important to choose the right altcoins if you are using them.