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Author Topic: Bitcoin needs Altcoins as much as Altcoins need Bitcoin  (Read 16143 times)

Offline satpol_PP

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #210 on: September 07, 2024, 12:41:50 AM »

Market wont really be just that staying on what it is or simply on a single point.and also come to think that Bitcoin could stand alone if we do really talk realistically, it did really just turned out that this market has expanded on the time or moment that other devs do tend to create their own and this is why we do have an altcoin on which it isnt really that also bad on having
these things considering that not all the  time that Bitcoin investment would be solely the one will be existing. There would those people who would really be that creating
another coins on which they could possibly do as much as they do know that this would really be that a trend.
altcoin is another option, and quite potential for investment. As an alternative coin we have also seen altcoin also perform its role well. And it is likely that in the future we will see many new altcoins that give us many opportunities to invest so that it can bring us profit.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #210 on: September 07, 2024, 12:41:50 AM »

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Offline pieppiep

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #211 on: September 07, 2024, 02:21:29 PM »

Market wont really be just that staying on what it is or simply on a single point.and also come to think that Bitcoin could stand alone if we do really talk realistically, it did really just turned out that this market has expanded on the time or moment that other devs do tend to create their own and this is why we do have an altcoin on which it isnt really that also bad on having
these things considering that not all the  time that Bitcoin investment would be solely the one will be existing. There would those people who would really be that creating
another coins on which they could possibly do as much as they do know that this would really be that a trend.
altcoin is another option, and quite potential for investment. As an alternative coin we have also seen altcoin also perform its role well. And it is likely that in the future we will see many new altcoins that give us many opportunities to invest so that it can bring us profit.
Altcoins are useful for the same reason as Bitcoin where they can become an interesting investment option. Almost all altcoins have proven their functionality in fulfilling certain functions and offering solutions that Bitcoin cannot offer. Based on their respective characteristics and technologies, some altcoins have created substantial value in the crypto market. This growth potential creates chances for investors to dive into different altcoins that may offer good returns.

We are likely to witness even more altcoins in the future with new concepts and technologies that might provide attractive investment prospects. This means that with innovation coming on the crypto space on a continuous basis, altcoins may come up with new problems to solve or better attributes to bring on the table; this increases the chances of making profits among investors. Nonetheless, it is vital to conduct an elaborate study to identify the appropriate altcoins and comprehend the potential risks because this market is volatile and dynamic. By being knowledgeable and strategic, altcoins can prove to be a great way to diversify a persona’s investment portfolio effectively.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #211 on: September 07, 2024, 02:21:29 PM »

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Offline legend45

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #212 on: September 07, 2024, 04:35:08 PM »

Market wont really be just that staying on what it is or simply on a single point.and also come to think that Bitcoin could stand alone if we do really talk realistically, it did really just turned out that this market has expanded on the time or moment that other devs do tend to create their own and this is why we do have an altcoin on which it isnt really that also bad on having
these things considering that not all the  time that Bitcoin investment would be solely the one will be existing. There would those people who would really be that creating
another coins on which they could possibly do as much as they do know that this would really be that a trend.
altcoin is another option, and quite potential for investment. As an alternative coin we have also seen altcoin also perform its role well. And it is likely that in the future we will see many new altcoins that give us many opportunities to invest so that it can bring us profit.
Altcoins are useful for the same reason as Bitcoin where they can become an interesting investment option. Almost all altcoins have proven their functionality in fulfilling certain functions and offering solutions that Bitcoin cannot offer. Based on their respective characteristics and technologies, some altcoins have created substantial value in the crypto market. This growth potential creates chances for investors to dive into different altcoins that may offer good returns.

We are likely to witness even more altcoins in the future with new concepts and technologies that might provide attractive investment prospects. This means that with innovation coming on the crypto space on a continuous basis, altcoins may come up with new problems to solve or better attributes to bring on the table; this increases the chances of making profits among investors. Nonetheless, it is vital to conduct an elaborate study to identify the appropriate altcoins and comprehend the potential risks because this market is volatile and dynamic. By being knowledgeable and strategic, altcoins can prove to be a great way to diversify a persona’s investment portfolio effectively.

only potential altcoins have proven their technology useful for users, while many altcoins are useless and eventually die. I also agree with you that there will be many altcoins that have good technology in the future and this will be good for users, while bitcoin will continue to play its role as the king of crypto currency. Does bitcoin need altcoin? of course altcoin will always support bitcoin even though at the beginning of bitcoin's launch, bitcoin was alone without altcoin. This is a fact that happened.
« Last Edit: September 07, 2024, 04:37:55 PM by legend45 »
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Offline luckyledger

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #213 on: September 08, 2024, 07:36:54 PM »

Market wont really be just that staying on what it is or simply on a single point.and also come to think that Bitcoin could stand alone if we do really talk realistically, it did really just turned out that this market has expanded on the time or moment that other devs do tend to create their own and this is why we do have an altcoin on which it isnt really that also bad on having
these things considering that not all the  time that Bitcoin investment would be solely the one will be existing. There would those people who would really be that creating
another coins on which they could possibly do as much as they do know that this would really be that a trend.
altcoin is another option, and quite potential for investment. As an alternative coin we have also seen altcoin also perform its role well. And it is likely that in the future we will see many new altcoins that give us many opportunities to invest so that it can bring us profit.

I agree, but BTC should be the bigger part of the portfolio.
That's my opinion, of course ;D
The potential of new alts shouldn't discourage us from accumulating it.

Offline Hatchy

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #214 on: September 08, 2024, 11:32:24 PM »
I agree with your point about Bitcoin's purpose but I will like to add that altcoins play a very important role in expanding what blockchain can do. While Bitcoin is all about decentralizing money, altcoins have pushed the limits by creating new technologies like smart contracts and decentralized apps. This keeps the whole crypto space growing.

If we only focus on Bitcoin, we might miss out on these innovations that we are all not yet familiar with.. Altcoins encourage competition and force Bitcoin to want to improve .The real strength of the crypto world comes from its diversity and ability to adapt, not by sticking to a particular idea.

Online Azharul

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #215 on: September 09, 2024, 04:17:48 AM »

Market wont really be just that staying on what it is or simply on a single point.and also come to think that Bitcoin could stand alone if we do really talk realistically, it did really just turned out that this market has expanded on the time or moment that other devs do tend to create their own and this is why we do have an altcoin on which it isnt really that also bad on having
these things considering that not all the  time that Bitcoin investment would be solely the one will be existing. There would those people who would really be that creating
another coins on which they could possibly do as much as they do know that this would really be that a trend.
altcoin is another option, and quite potential for investment. As an alternative coin we have also seen altcoin also perform its role well. And it is likely that in the future we will see many new altcoins that give us many opportunities to invest so that it can bring us profit.
We believe that altcoin and bitcoin twice is very important for crypto currency market. Because we know that altcoin is very potential for crypto market, which will be development in bitcoin. But we also know that bitcoin is one of the best profitable crypto in cryptocurrency market. But we cannot depending on just bitcoin. So i believe that altcoin and bitcoin twice is very effective matter in cryptocurrency market. But if we want to hold or invest in ethereum, we must be understand in cryptocurrency market.
« Last Edit: September 12, 2024, 09:04:33 AM by Azharul »
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Offline satpol_PP

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #216 on: September 09, 2024, 11:39:44 PM »
I agree with your point about Bitcoin's purpose but I will like to add that altcoins play a very important role in expanding what blockchain can do. While Bitcoin is all about decentralizing money, altcoins have pushed the limits by creating new technologies like smart contracts and decentralized apps. This keeps the whole crypto space growing.

If we only focus on Bitcoin, we might miss out on these innovations that we are all not yet familiar with.. Altcoins encourage competition and force Bitcoin to want to improve .The real strength of the crypto world comes from its diversity and ability to adapt, not by sticking to a particular idea.
At present many Altcoin is developing a new project, this is good for the world of crypto, Bitcoin as a pioneer will remain the most popular and expensive coin even though many new smart contracts are better than Bitcoin, but it will not shift the position of Bitcoin as king. Bitcoin is needed, because large investors believe more in Bitcoin than Altcoin, that's the facts.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #216 on: September 09, 2024, 11:39:44 PM »


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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #217 on: September 10, 2024, 03:52:19 AM »
Bitcoin is needed, because large investors believe more in Bitcoin than Altcoin, that's the facts.
altcoins are for innovation while bitcoin is to attract more investors and strengthen the reputation of crypto to the general public back then when crypto was still new everyone kept saying that scams were everywhere i’d assume it’s because of altcoins these days it’s memecoins that give this kind of impression to other people due to instability and volatility of altcoins, specifically memecoins, people easily lose money which they don’t expect i don’t necessarily see this as a bad thing because like i said altcoins serve a different purpose than that of bitcoin what should change is how people perceive understand and use altcoins

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #218 on: September 10, 2024, 04:59:40 AM »
I agree with your point about Bitcoin's purpose but I will like to add that altcoins play a very important role in expanding what blockchain can do. While Bitcoin is all about decentralizing money, altcoins have pushed the limits by creating new technologies like smart contracts and decentralized apps. This keeps the whole crypto space growing.

If we only focus on Bitcoin, we might miss out on these innovations that we are all not yet familiar with.. Altcoins encourage competition and force Bitcoin to want to improve .The real strength of the crypto world comes from its diversity and ability to adapt, not by sticking to a particular idea.
At present many Altcoin is developing a new project, this is good for the world of crypto, Bitcoin as a pioneer will remain the most popular and expensive coin even though many new smart contracts are better than Bitcoin, but it will not shift the position of Bitcoin as king. Bitcoin is needed, because large investors believe more in Bitcoin than Altcoin, that's the facts.

And as much as we have heard that there are altcoins that supposedly better than Bitcoin, still they can't catch up and then there is the process of some of them dying on natural causes (no longer being supported by the community, hype have died down).

So there is only one Bitcoin and for now we can say that there will be no challenge as it is the pioneer. And I think it is going bigger by the year, adoption is much closer than like 7 years ago when it had a break out run in the financial market.
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Offline luckyledger

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #219 on: September 10, 2024, 08:52:13 AM »
I agree with your point about Bitcoin's purpose but I will like to add that altcoins play a very important role in expanding what blockchain can do. While Bitcoin is all about decentralizing money, altcoins have pushed the limits by creating new technologies like smart contracts and decentralized apps. This keeps the whole crypto space growing.

If we only focus on Bitcoin, we might miss out on these innovations that we are all not yet familiar with.. Altcoins encourage competition and force Bitcoin to want to improve .The real strength of the crypto world comes from its diversity and ability to adapt, not by sticking to a particular idea.
At present many Altcoin is developing a new project, this is good for the world of crypto, Bitcoin as a pioneer will remain the most popular and expensive coin even though many new smart contracts are better than Bitcoin, but it will not shift the position of Bitcoin as king. Bitcoin is needed, because large investors believe more in Bitcoin than Altcoin, that's the facts.

And as much as we have heard that there are altcoins that supposedly better than Bitcoin, still they can't catch up and then there is the process of some of them dying on natural causes (no longer being supported by the community, hype have died down).

So there is only one Bitcoin and for now we can say that there will be no challenge as it is the pioneer. And I think it is going bigger by the year, adoption is much closer than like 7 years ago when it had a break out run in the financial market.

Only time will tell, but the currency that is used more judging by the use-cases is not BTC, I would say.
Even if it's a king of sorts because it's the first one of them all that the market put out in place.

Offline yohananaomi

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #220 on: September 10, 2024, 01:01:55 PM »
I agree with your point about Bitcoin's purpose but I will like to add that altcoins play a very important role in expanding what blockchain can do. While Bitcoin is all about decentralizing money, altcoins have pushed the limits by creating new technologies like smart contracts and decentralized apps. This keeps the whole crypto space growing.

If we only focus on Bitcoin, we might miss out on these innovations that we are all not yet familiar with.. Altcoins encourage competition and force Bitcoin to want to improve .The real strength of the crypto world comes from its diversity and ability to adapt, not by sticking to a particular idea.
At present many Altcoin is developing a new project, this is good for the world of crypto, Bitcoin as a pioneer will remain the most popular and expensive coin even though many new smart contracts are better than Bitcoin, but it will not shift the position of Bitcoin as king. Bitcoin is needed, because large investors believe more in Bitcoin than Altcoin, that's the facts.

And as much as we have heard that there are altcoins that supposedly better than Bitcoin, still they can't catch up and then there is the process of some of them dying on natural causes (no longer being supported by the community, hype have died down).

So there is only one Bitcoin and for now we can say that there will be no challenge as it is the pioneer. And I think it is going bigger by the year, adoption is much closer than like 7 years ago when it had a break out run in the financial market.
Only time will tell, but the currency that is used more judging by the use-cases is not BTC, I would say.
Even if it's a king of sorts because it's the first one of them all that the market put out in place.
What you say could be true. It must be remembered that what you say is based on the amount of use. Of course, it is definitely the amount used. I am very sure that from the amount, altcoins are often used a lot. If you want to compare them with bitcoin, because altcoins are quite numerous and their prices are also affordable so they can be used at any time, especially like ethereum, BNB because they are usually used as gas fees.
But when it comes to activity, I believe that bitcoin is often used.

 

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