Bitcoin is what it is now thanks to altcoins, a lot, lot of people join to crypto thanks to altcoins like Doge, and that since years ago.
Just imagine a nocoiner trying to send bitcoin to a wrong address, or made a mistake writing the amount to send like a fee instead.
A nocoiner trying to upgrade his bitcoin wallet without backup up his wallet dat file.
Nocoiners need altcoins to learn about crypto and how to send transactions without fear, altcoins are necessary to practice.
Also the point on just telling a nocoiner to invest +8,000 usd to buy only 1 bitcoin, nobody likes to have .01 or .001, 8k usd is a lot of money for most people around the world
Global population distribution by income
15% are totally Poor
56% survive with Low income
13% are Middle class
9% Upper-middle class
7% Highest income
Forget about Poor and Low income people, the income for middle class is around 50-60k usd per year, we really think they can spend 8k usd to buy a single bitcoin
Thats leave only 15% of world people able to invest in 1 bitcoin.
But thanks to altcoins around 29% of world can afford to buy 1 ethereum or 1 litecoin
Thanks to alcoins 85% of world can afford to buy 1 Ripple or 1 Doge
Altcoins are necessary for Bitcoin to survive.
Good work, but can you provide a source of your information?
Yeah, the alts are great for beginners as a training feature, but the main goal for which new coins are created is to interest investors with an attractive idea and possible rapid growth after IEO or ICO. 2018 and 2019 showed how crypto developers can punish gullible investors for substantial amounts.
In fact no difference whether you buy 0.1 $ BTC or 20 LTC for your $1000, this is all just a psychological factor. But the risk of extinction of any altcoin is quite high.