Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: zorchy on October 11, 2018, 04:04:05 AM

Title: Can too many Altcoin's can become a threat to bitcoin's existence
Post by: zorchy on October 11, 2018, 04:04:05 AM

More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
    Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

Title: Re: Can too many Altcoin's can become a threat to bitcoin's existence
Post by: Stavr1992 on October 11, 2018, 07:41:47 AM

I believe that it is unlikely that a large number of new altcoins will affect the price or the volatility of Bitcoin. Bitcoin needs serious competitors, for example, as a Telegram project.

Title: Re: Can too many Altcoin's can become a threat to bitcoin's existence
Post by: Nakmat_cinta on October 11, 2018, 08:04:32 AM

most likely it can happen bro. if many people will invest in altcoins rather than investing in bitcoin. but still there will be many people who keep their assets in bitcoin bro. because bitcoin is the king of all coins ..

Title: Re: Can too many Altcoin's can become a threat to bitcoin's existence
Post by: cashbit on October 11, 2018, 10:30:32 AM

Altcoin is not a big threat to Bitcoin because public trust in bitcoin is still very high. But it cannot be denied that this altcoin technology can improve bitcoin. For example in some altcoins it can make transfers faster than Bitcoin. But, I think bitcoin will still be superior to altcoin.