Post
Topic
Board Bitcoin Discussion
Re: Isn't Altcoin a distraction to Bitcoin adoption?
by
$weetne$$
on 18/04/2024, 21:06:44 UTC
This begs the question, what if we had only Bitcoin? Wouldn't the level of adoption outgrow what it currently is at the moment?

Do you think that altcoin is a major distraction to bitcoins adoption?

We would not know until we have only Bitcoin and see how the level of adopting grows. Altcoins have their roles they play in the market, without altcoin some people would not have known about cryptocurrency. It is because of the advertisement of altcoins that the market is growing in full force. Altcoins is a distraction for many people because if there was no altcoin everybody will be investing in Bitcoin but that would make Bitcoin to be all about the profits people can make and not as a currency that people can use. Altcoins are helping the market to make it more popular and in spite of all the altcoins in the market still Bitcoin has the biggest market cap and popularity. People know more about Bitcoin but sometimes they choose to try their luck with altcoin as it can give them more chances to make big gains.