Quote from: pandanaran on Today at 10:26:10 PM

Quote from: Zulkifli BI on Today at 07:59:52 PM

Quote from: Fintero on November 29, 2020, 04:00:21 PM

Will the rise of altcoins eventually lead to the demise of Bitcoin? Ultimately Bitcoin has been tested and it has a place in the crypto world. Join our discord https://discord.gg/pp7Jwsp9 for further discussions about this topic. Tell me what you think?

bitcoin will never die and there will never be an altcoin that can replace bitcoin. because bitcoin is the king of all coins in cryptocurency and bitcoin is the first coin created by satoshi nakamoto. With bitcoin, other coins were born such as ethereum, dashcoin, litecoin and others. so there is no way that there is an altcoin that can replace bitcoin.

Many think that altcoins can replace Bitcoin but that probably won't be the case, as all crypto coins are interconnected as big commodities, and for Bitcoin with limited supply and increasingly complex algorithms, the price will be higher and become expensive in the next few years.

Rather than interconnection, every altcoins are tied/have dependence on bitcoin. This makes the market variation to take place following the growth of bitcoin. Regularly we can see large number of new cryptocurrency reaching the market, but that doesn't make a competence or any disturbance. The growth happens depending the bitcoin market. Some even make promotions as the alternate to bitcoin, but in reality the market keeps widening with more cryptocurrencies and the same doesn't serve as a replacement.