Re: Bitcoin needs altcoins because ...

I do not think Bitcoin needs altcoins. Each altcoin brings different innovations. But as a payment system, Bitcoin already meets our needs.
Even if there is no altcoin, bitcoin will continue to exist in the population.

I think bitcoin also need altcoin to foster price. Well, to buy altcoin, or distribute bitcoin, sometimes it takes a bitcoin, so, people need to form altcoin bitcoin, and bitcoin it makes the price to rise. Well, now very much a project and of course it affects the price of bitcoin.

People value the value of something. Even if there are no altcoins, people can claim bitcoin. As people buy bitcoin, the price will already increase. There is no need for altcoins for this.

You have a point even theres no altcoin bitcoin can stand alone on its own and you are right if theres only one to be focused on then expect the price or value will shoot up but we cant really avoid that there are people who will made their own coin believing that they could able to make another coin which similar to bitcoin that would makes them famous and rich.

I do not trust the altcoins. Many people think that altcoin's price like bitcoin will increase. They pump up some altcoins and raise their prices. People are starting to take a rising altcoin. Later, when a quick dump comes, many people are lose money.

But even if the price of the bitcoin falls, it rises back to its former price.