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BillyEllish

Can bitcoin survive without altcoins?

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How about if we change the question to be "can bitcoin survive without altcoins?". I assume it can survive, but it will be a little hard to achieve its goals to change the world. Let's discuss it..  😍

Edited by BillyEllish

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BTC would survive without the alts, but I am not sure about global adoption, because BTC is aiming to become the store of value, and there are alts that are aiming to become everyday money... BTC has been tested and it is uncapable in it's current state to go much further (block size, transaction cost and speed, etc)

But there is one other side to it, as the alts are bringing blockchain into our daily lives, not just on money, but in everything else... so it is a joint evolution, BTC was the first to open the door, but now I think we should think about it as a crypto market and not just 1 coin

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bitcoin can survive without altcoin for sure ! bitcoin has a great market where it help to stand alone 

Good Luck

Happy Trading !  


 

 

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In the world of marketing, all goods need competitive  products. No exception with Bitcoin, need altcoins as competitive goods so that it will attract many people to use it

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Of course it can. For many years bitcoin was the only coin. If any of those alts disappear now bitcoin will still function just as good. Maybe the on-chain network will become a bit slower but now we have ways to onboard people to the lightning network without using the on-chain network.

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On 5/10/2019 at 15.13, BillyEllish said:

Bagaimana jika kita mengubah pertanyaan menjadi "bisakah bitcoin bertahan tanpa altcoin?". Saya menganggap itu bisa bertahan, tetapi akan sedikit sulit untuk mencapai tujuannya untuk mengubah dunia. Mari kita bahas ..   😍

bitcoin can stand alone without the need for altcoin, maybe the price will be much higher and price changes will be even wilder if without altcoin, like the market law with fewer competitors, the value will be higher, maybe the player will also be reduced if without altcoin, because altcoin makes a lot of people interested in crypto

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On 10/5/2019 at 9:13 AM, BillyEllish said:

How about if we change the question to be "can bitcoin survive without altcoins?".

Well competition is good. 

The straight anwer to this is - Yes it can but that will not be hearlty. Altcoins are good but the problem is that there are so many that 99.99% are valueless.

 

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I think bitcoin can exist without altcoins but without altcoins, the price of bitcoin cannot go up as high as it is now. Thanks to altcoins, the price of bitcoin has increased as much as it is now.
 

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On 10/5/2019 at 1:13 AM, BillyEllish said:

How about if we change the question to be "can bitcoin survive without altcoins?". I assume it can survive, but it will be a little hard to achieve its goals to change the world. Let's discuss it..  😍

I dont clean understand this question but, which is first made? Bitcoin.

And which coin have more value than Bitcoin?

There was discussion about would ETH can compares with BTC, and my opinion is that no way.

What to tell you about other altcoins when I can't comapres ETH which is great coin but Bitcoin is special to himself and I think and without altcoins that Bitcoin will be here and to be used. But of course it's necessary time to become global.


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

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Just now, nguyennhahn said:

My opinion Bitcoin is not centralized, no one can decide that not even the developers. Bitcoin is slow, sometimes too much slow and it can High at anytime.

I have the same opinion as you.

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I believe it can survive without altcoins, Bitcoin is an independent crypto asset. But it will be boring if crypto markets don’t exists and Bitcoin will be traded like stocks but I doubt it will gain a higher dominance because of the regulated stock market.

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I think its the over way around , altcoins wont survive without BTC at least not soon and with BTC you can always fork it and make every version u want of it 😃

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On 05.10.2019 at 11:13, BillyEllish said:

How about if we change the question to be "can bitcoin survive without altcoins?". I assume it can survive, but it will be a little hard to achieve its goals to change the world. Let's discuss it..  😍

Bitcoin can survive without altcoins.
But I don't think that this will ever happen in the future.
If a new currency replaces the cryptocurrency, then Bitcoin won't remain.


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when we talk about crypto everyone will recognize bitcoin, in my opinion bitcoin is the father of cryptocurrency, as parents certainly need a successor, and altcoin is the successor of crypto to be widely known by the public.


 Trade what you see, not what you expect 
#ProphetInvestor


 

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Bitcoin dominates the market, and is the king of cryptocurrencies. So, are altcoins destined to die? Definitely not. The altcoins will continue to exist and grow, undoubtedly. It's just that their highly experimental nature makes them very risky assets. So, it is understandable that big capital flows first to Bitcoin, which is an asset considered a little safer. Anyway, the variety of options and this diversity is good for the system, and it benefits everyone. Will all altcoins survive then? No, most of them will surely not exist in the next ten years. However, only time will determine which of them will be.
 

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Bitcoin will survive even there is no alternative coins, though the price will never get even for a hundred dollar.

The movement of the coin (BTC) is depending on the demand of the people and that demands grow when alts arrive.

Do we use BTC on our daily basis? how the movement of this BTC will be if there is no ICO or exchange market?

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On 10/6/2019 at 10:18 AM, Minh158 said:

Without altcoin. BTC will be like USDT, a coin will not be able to rise to high or low, it will stabilize the price and of course the volume will be very low.

That's not true. There weren't any altcoins in the first years of bitcoin and bitcoin wasn't anything like tethers at all. It was still volatile, people were still afraid of investing in it, basically everything was pretty much the same. The volume was low but that was related to the low adoption. It had nothing to do with the existence of altcoins.

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bitcoin started alone and it can survive on its own indeed but i think without altcoins we wouldn't be making the same insane profits we made back in dec 2017 pull run, only people who profit from bitcoin trading are the ones who got in back in 2013

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instead I believe that it would be strengthened by having 100% dominance, all developers would focus on new features only on btc and maybe it would come first to use it as an alternative payment system to cards in the world...


 

 

 

 
 
 

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On 10/5/2019 at 1:13 AM, BillyEllish said:

How about if we change the question to be "can bitcoin survive without altcoins?". I assume it can survive, but it will be a little hard to achieve its goals to change the world. Let's discuss it..  😍

Yes it can be , many people do not buy other cryptoCurrency they just have bitcoin , people trade bitcoin to USD

Good Lick


 

 

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On 10/10/2019 at 6:47 PM, bitcoworld said:

Great Question, I think Bitcoin will survive without almost 99% of the COins on the Market

Well I will go extra mile and I would say that bitcoin can survive without any altcoin however having some alt around will make the industry healthy and competitive.

Quote

 Ethereum Litecoin Monero and so on? I think as well yes as Bitcoins Value is not the Altcoin Market!

There are actually a lot of good altcoins but problem is the number of useless coins are so high that it's sometimes hard to recognize them.

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Bitcoin will survive on the crypto market, even if it is the only currency, without anything else. Remember that the first crypto currency made is Bitcoin and it is still the most important currency on the market. As this coin survived in the beginning, it could do it now. It would be unfortunate that there is no other altcoins, however, because the beauty of cryptocurrency would disappear.

Edited by wingfield

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I think that the electronic business has a great future and these problems that they face now will find them the solution is the future of humanity.

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I think it would dediateky survive but its appeal would dwindle. So much btc is traded to withdraw exchange altcoins. Just in terms of that volume. Certainly a lot of it would be gone without altcoins. Things would be very different. 

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On 10/5/2019 at 4:13 AM, BillyEllish said:

How about if we change the question to be "can bitcoin survive without altcoins?". I assume it can survive, but it will be a little hard to achieve its goals to change the world. Let's discuss it..  😍

It survived during 2009 and 2010. However, altcoins has really important mission to improve the blockchain technologies. Now we are talking about blockchain 2.0/smart contracts/cross chain etc. thanks to altcoins.

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Representatives of the Justice Department insisted that probation for CZ was inappropriate as "such a decision could encourage others to break the law on the largest possible scale." The defence argued the absence of evidence that the defendant was informed of the illegal activities on the exchange. As a result, one of the wealthiest people in the crypto industry got away with four months of imprisonment. Addressing his final words, Changpeng Zhao acknowledged that he had failed to properly establish a suitable client verification system at Binance and to counteract money laundering during his tenure. Recall that in November 2023, Zhao reached a settlement with the US government to end a years-long investigation against Binance. As part of the agreement, he stepped down as CEO and agreed to pay a fine of $50 million. However, as we see, the US authorities found this insufficient, and now, in addition to dismissal and a fine, a prison term has been added. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Почему цена биткоина столь волатильна и наступит ли стабильность?   Биткоин по-прежнему поражает своими непредсказуемыми изменениями цены. В момент своего создания его стоимость равнялась нескольким центам, а в марте этого года он достиг рекордного максимума на отметке почти $74 000. Этот долгий путь был отмечен крайней волатильностью, а иногда его колебания превышали 80%. Понимание нестабильной природы биткоина имеет решающее значение для успеха инвесторов и аналитиков, поскольку помогает составить представление о будущем криптовалют. Волатильность биткоина обусловлена множеством факторов, которые заключаются в характеристиках очень молодой цифровой валюты. В отличие от традиционных активов, имеющих многовековую историю, биткоин и рынок криптовалют в целом не имеют устоявшейся динамики рынка. В настоящее время из-за манипуляций его стоимость регулярно переоценивается рынком, что приводит к большим колебаниям цен в ответ на новую информацию и события. Одним из фундаментальных факторов, влияющих на волатильность BTC, является лимитированность его предложения в 21 миллион монет. Усиливающийся дефицит монет усиливает колебания цен, особенно на фоне растущего спроса со стороны розничных и институциональных инвесторов. Кроме того, влияние крупных инвесторов, которых обычно называют криптокитами, ещё больше усугубляет волатильность цен. Их значительные активы позволяют им влиять на динамику рынка с помощью крупных ордеров на покупку или продажу, что также приводит к резким изменениям цен. И здесь следует упомянуть относительную незрелость инфраструктуры рынка криптовалют и проблемы с ликвидностью, поэтому любые крупные сделки, безусловно, влияют на рыночные цены. Недостаток ликвидности может усилить колебания цен, поскольку инвесторы маневрируют, открывая позиции и выходя из них. Считалось, что появление деривативов, связанных с биткоином в виде спотовых ETF, и развитие рыночной инфраструктуры могут сделать торговый процесс более стабильным. Пока же мы наблюдаем резкие скачки из-за крупных притоков и оттоков средств. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2410618
    • April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit     Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were also evaluated.   - This month’s highest profit was earned by a client from South Asia, account number 1765XXX, who made $26,757 from trading the GBP/USD pair. - The second place in the TOP-3 was taken by their compatriot, account number 1751XXX, with earnings of $16,976 from gold trades (XAU/USD). - The third step of the April podium was claimed by a trader from East Asia, account number 1609XXX, who traded not physical but digital “gold”: bitcoin. It was the BTC/USD pair transactions that enabled them to profit by $14,301.   The passive investment services at NordFX showed the following trends:   - In the PAMM service, we continue to monitor the account named Kikos2. Opened on November 18 last year, now after 162 days of operation, it shows a fantastic profit of 1161%. While this result is impressive, the aggressive trading strategy has also led to a substantial drawdown of 58%. Unrelenting statistics demonstrate that even more conservative trading can lead to a complete loss of funds. Therefore, investors must always exercise utmost caution and only risk the money whose loss will not disrupt their normal life. We will continue to monitor and see what happens with this account in May.    - In CopyTrading, we have previously highlighted the signal yahmat-forex, which has shown a return of 415% over 312 days with a maximum drawdown of 37%. Another interesting signal called NordFXSrilanka has made a profit of 39% in 113 days, specifically since January 6, 2024. While not as impressive as yahmat-forex, its notable advantage is a very small drawdown: just about 9%.   Among the IB-partners of NordFX, the TOP-3 are as follows: - The largest commission reward of $22,732 was credited to a partner from Western Asia, account number 1645XXX. - The next is a partner from South Asia, account number 1682XXX, who received $5,224. - Finally, rounding out the top three is their compatriot, account number 1565XXX, who was rewarded with $3,614.   ***   As we conclude this month, it is important to note that NordFX clients now have yet another excellent opportunity to enhance their financial portfolio. In the 2024 super lottery, 202+4 cash prizes totaling $100,000 will be awarded. Participating in the lottery and securing a chance to win one or even several of these prizes is quite simple. For more details, visit the NordFX website. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Со временем которое осталось, да скорее все так и может быть, но лучше будет постараться дойти до 6-го уровня, то есть довести дело до конца, а после и расслабиться. Хотя даже так увы нет никаких гарантий, что это может нам что-то принести, но будем надеяться, что 6 лвл будет иметь весомое значение при раздаче.
    • SwapGate | Efficient Cryptocurrency Exchange SwapGate provides you with an innovative platform for instant cryptocurrency exchange. Our mission is to offer a fast, secure, and convenient exchange service for over 100 types of cryptocurrency assets without the need for lengthy registration and KYC procedures. Our service works 24/7 and you can already make your cryptocurrency exchanges now. Our platform is simple, easy to use, and built for efficient cryptocurrency transactions. Here are our key features of the SwapGate platform:  Fast and Affordable: Start exchanging instantly without going through registration. Transparent terms and conditions: We guarantee no hidden fees and fair transaction terms.  High security: We use advanced encryption and security technologies to protect your data and funds. About SwapGate: At SwapGate, we are committed to continuous development and innovation. Our team are professionals in their field, united by a common goal to create an efficient cryptocurrency exchange platform. We strive to offer the best service and constant online customer support . You can efficiently perform cryptocurrency manipulation on our website, and here are the short steps to exchange on SwapGate:  Asset selection: Determine which cryptocurrencies you want to exchange.  Determining the exchange rate: Choose a floating or fixed exchange rate.  Confirm & Send: Confirm the transaction details and send the cryptocurrency to the specified address.  Receive Coins: Track the exchange process in real-time and receive your cryptocurrency to the provided wallet. Join SwapGate and make fast exchanges without hidden fees! ️ SwapGate has a seamless support team ready to assist you with your cryptocurrency exchange needs. For more information, please get in touch with us:  Online chat: On the website, click on the blue dialog box  Email: info@SwapGate.io  Tech Support: @SwapGate_SupportBot on Telegram SwapGate is the choice for safe and easy cryptocurrency exchange with favorable fees. Easily exchange fiat for cryptocurrency and one cryptocurrency for another. Join us on https://swapgate.io and enjoy fast transactions now.
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