Post
Topic
Board Bitcoin Discussion
Re: Can too many Altcoin's can become a threat to bitcoin's existence
by
chikading2016
on 11/10/2018, 01:32:48 UTC
    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

New altcoins that appear every day and disappear same fast can't be a threat to a stable almost 10 years old bitcoin. It is like a mouse threating an elephant. No chance. I think for each altcoin will be a buyer, user, just the market will expand with more selection of altcoins for any wallet (sum) and purpose.
I think there is no direct evidence that the altcoin can be a treat to bitcoin, because as what we all have seen there are to many altcoin today but still bitcoin is standing hard like it is really always the king of all crypto coin. So then I believe that there sis really a great big hope that bitcoin will rise up high someday.