Quote from: CryptopreneurBrainboss on September 25, 2019, 09:51:59 AM

The altcoin industry have lost some big percentage of patronizers due to the poor performance of the market in the recent months, this have cause so many enthusiasts to lose interest in altcoins in general thinking the cryptocurrency industry can do with them. There's no denied the industry can do without most of the present altcoins but cryptocurrency can't can't survive without altcoins been present in general. No disrespect to Bitcoin as it started the journey but the industry have grown beyond bitcoin.

The achievement and development ethereum as a blockchain has contributed for the industry, if the industry had just bitcoin it wouldn't had recorded such developments. We can't do without altcoins, they have become a part of the industry. The sooner we realized that the better the industry become. Don't misunderstand this post, I'm not advising against investing in bitcoin or encouraging investing in the present altcoins although, all I'm trying to say is, if you think the altcoin industry is going into exile, think again.

The altcoin industry is only going through a phase which won't kill it and as what doesn't kill you only make you stronger, the altcoin market will come out stronger as the good will be separated from the bad projects although bitcoin will always be a household name. Invests wisely and don't forget the best of the best altcoins are yet to be developed, the current ones I consider them to be just test dummies, preparing the way for future altcoins.

What's your take on this, do you think the industry can survive without altcoins that's just bitcoin been the only currency in the space.

As far as I am concerned, we really only need around 2-3 cryptocurrencies of the following five types;

1. Pure cryptocurrencies, e.g. Bitcoin, Litecoin and BCH
2. Stablecoins, e.g. Tether, Circle and Libra
3. Smart contract coins, e.g. ETH, TRON and EOS
4. Privacy coins, e.g. Monero, BTCP and ZEC
5. Corporate liquidity tokens, e.g. Ripple and Stellar.

Overall, that means there should be around 15 cryptocurrencies. Can anybody convince me otherwise?