Can alternative coins disappear completely?

[zagzag 320]

Believe me, this question came to my mind yesterday. 🙂 But I was thinking a little differently. For example, is there any other new cryptocurrency that can dethrone Bitcoin? Because science and technology are in continuous development without knowing borders. Therefore, it is very possible that we will encounter new coins on this subject in the coming years. In fact, we may encounter different methods of crypto money production than I think.

[Ameralsamt 2558]

My friend this is a big possibility, but don't forget the most famous currencies, namely Bitcoin and Ethereum, it's really great, and that's why TB B i don't agree with you and I expect a great future for digital currencies and encryption. 

[BinatGul 30]

The market is becoming more and more popular, more and more people are learning about cryptocurrencies. I don’t think these coins will disappear in the coming years, but I do think altcoins represent the future of human relationships.

[selfmade 7]

Some of them can, there are coins which are so weak these coins would die after some very little misfortunes. But there is another way to keel  coin, it is called burning, this is a process of reducing supply.

[Dang3r 103]

MiIt is impossible for all alternative currencies to disappear from the market, since each one complies with a purpose that Bitcoin can not satisfy, as is the speed when performing transactions or low commissions that coins as BNB or TRX can offer.

[Yaabu 80]

Since they are already in the market its difficult to vanish in light of the fact that occasionally even the proprietors can not stop their own coin, yet the fall and rise of bitcoin could make these coins, some of them in any event vanish.

[100x 97]

I have high interest in altcoins and hold a lot of them. I trade and buy some but the top one for me is Ethereum. Of course the altcoins will be there always. We have a lot of innovative projects that may even change our economies and societies always for the better. I think that cryptocurrencies will have a big role in modern economies.

[AL SHAIMON 1293]

No it will never happened. Alt coins are the most important part of this crypto-currency world. Without them I think bitcoin can not survive. Moreover there are lots of alt coin available in market. Which are competing with bitcoin. They can lead the market.

[Lx-Lana 153]

The crypto market is becoming more popular and more and more people are becoming aware of crypto. I don’t think these currencies will disappear in the coming decades, but I do think lockets will represent the future in people’s transactions.

[Roman Wickler 1021]

No i think it will never possible to do this. Alt coin is important for cryptocurrency world. Because of those coin bitcoin survives. And cryptocurrency is wide. It will be impossible to make a coin disappear. 

[hyddem 7]

In my opinion, coins will disappear, but they need a long time, as the future is definitely for digital currencies

[Wanderdark 2178]

According to the data from Coinmarketcap web site, there are more than 7 thousand different coins and tokens in circulation right now.

 

The question is, do all these tokens have decent projects and a good team to develop and update them? How long will they survive if they don't have decent projects and teams? 

 

I don't think most of them will.

[joemcgwa 3227]

On 10/27/2019 at 7:36 AM, cryptotalker said:

a bad thought, but there is always such a possibility. because alternative coins do not have good communities and do not have enough forces to survive for long. If not today, tomorrow, if the crypto money market narrows further, they may all shrink and disappear. do you have such a concern?

What's did you means when you are talking about the alternative coins? if did you means alternative coins such as bitcoin cash used as the alternative to bitcoin, such coins like that have the big possibility that they cannot survive.

[Sophia Ella 36]

They normally end up going dead coins, they never completely disappear, once a coins is made there is no undoing it, that is why people trust crypto.

[Obliv0n 333]

Where do you get the idea that altcoins do not have strong and stable communities behind? A clear example of a large community with constant development is that of ETH, TRX, DOT, LTC and even the doge that is most abandoned, the possibility of their disappearing is nil thanks to the fact that they satisfy specific needs that bitcoin cannot integrate.

[guatazoo 7150]

On 1/18/2021 at 5:28 PM, Obliv0n said:

Where do you get the idea that altcoins do not have strong and stable communities behind? A clear example of a large community with constant development is that of ETH, TRX, DOT, LTC and even the doge that is most abandoned, the possibility of their disappearing is nil thanks to the fact that they satisfy specific needs that bitcoin cannot integrate.

Actually now altcoins are coming very popular and usefully because people need to invest in low price coins with high demand such as litecoin ethereum etc.

[Whited35 15285]

On 1/18/2021 at 12:55 PM, Mom12 said:

Bitcoin is the center of all cryptocurrency as long as supply and demand continue to run, investment will continue. Yes, some countries have regulated and decentralized bitcoin in the functions and uses that have been used in everyday life.

Alright but have you checked OP carefully? It's okay for Bitcoin but what would happen to the altcoins? Some projects have brought the useless currencies into the existence, I do not say all altcoins will die but the most of altcoins with lack of usecases may not survive despite the influences of Bitcoin. 

[ltaa02 52]

I think Even now there are coins from 2014 that are barely developing and are still at a market cap of 5 million nothing really about 0, if that's what you ask, an example is pepe cash still has 4 million events

[selfmade 7]

On 1/18/2021 at 11:02 AM, Oliviaconnor said:

I think sometimes even the owners can not stop their own coin, but the fall of bitcoin  could make these coins, some of them at least disappear.but another ones wil take their place. And there's some solid ones, which it came to stay.

You were right on your first sentence, even the owner have no control over their coins and they can not destroy them, but there is a way to even kill the supply of a coin which means a coin can disappear, this process is called burning.

[Hala Hala 178]

It may disappear because its appearance is temporary and not permanent. It is not strong enough and cannot continue in the market and it is difficult to meet market requirements when the currency is weak.

[Rafin478 614]

On 12/3/2019 at 9:04 PM, halloweed said:

Bitcoin once went down more than 50% percent but then recovered if ti was another coin it could have died then.

We have seen that even though the price of Bitcoin decreases, the price of many coins decreases and the price of many coins increases.These things are very necessary in trading.

[huesca123 946]

A coin is only as good as its backers, white papers & its usefulness. There have been many coins that have already disappeared for one reason or another. Many coins disappear because they are a scam or pump & dump from the beginning. Its hard to evaluate if a coin is good or not. Sometimes you have to wait months or yrs to see if it will succeed.

[Cleaner 2549]

There are many coins in the crypto world, but not all the coins have gained good popularity in the market. Crypto currency is a digital currency.  There are bitcoins and altcoins which are very popular in the market.  But there are many coins that die.  But Bitcoin, LTC, ETH will not disappear from the market.

[Rose85 13]

On 10/27/2019 at 10:36 AM, cryptotalker said:

a bad thought, but there is always such a possibility. because alternative coins do not have good communities and do not have enough forces to survive for long. If not today, tomorrow, if the crypto money market narrows further, they may all shrink and disappear. do you have such a concern?

I don't know about the coin or token revolution method.  But I don't think it will disappear.  Rather coins or tokens will always help.  Moreover, many more revolutionary methods will come to work here, even though it is extinct.  Because one going means coming up with a thousand other ways.

[chambers 58]

Coins don't just disappear like that, especially cryptocurrencies, and the notion that Altcoins are capable of sudden extinctions is baseless and fallacy