3000+ Cryptocurrency on Coinmarketcap - page 2.

Mahanton

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Quote from: TheUltraElite on November 04, 2019, 03:21:04 AM

Quote from: Casdinyard on November 01, 2019, 01:18:27 AM

Quality over quantity will do good than shitcoins piling up on CMC. Ideally, we don't need those 3000+ shitcoins when in reality only 25% ( assuming ) of it are performing good.

It is useless to talk about quality because that never happens. Those who are usign these sites need to learn how to stop wasting their time on them looking through a pile of shitcoin. I mean having a huge portfolio is good if you can handle it but most of them are shitcoins.

Unless you are some of those "serial entrepreneurs" you would not having a spreedsheet like the scamgods of youtube (you guys know them I am sure) to show off to your viewers.

In another sense if you are truely into investing you are having a portfolio that is diverse and there API to get prices from CMC and other commodity market aggregators would be good. For them its actually helpful.

We would only see rather 5% which are totally doing pretty well into the market.Yeah you are right that its really useless to talk about quality
because as long these coin creators would continue to make their own choice the word "quality" wont really be fully implied.People will just continue
to look at and the worst they do invested out because it had been suggested nor being advertised and the cycle continues.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Casdinyard on November 01, 2019, 01:18:27 AM

Quality over quantity will do good than shitcoins piling up on CMC. Ideally, we don't need those 3000+ shitcoins when in reality only 25% ( assuming ) of it are performing good.

It is useless to talk about quality because that never happens. Those who are usign these sites need to learn how to stop wasting their time on them looking through a pile of shitcoin. I mean having a huge portfolio is good if you can handle it but most of them are shitcoins.

Unless you are some of those "serial entrepreneurs" you would not having a spreedsheet like the scamgods of youtube (you guys know them I am sure) to show off to your viewers.

In another sense if you are truely into investing you are having a portfolio that is diverse and there API to get prices from CMC and other commodity market aggregators would be good. For them its actually helpful.

Casdinyard

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Quote from: plast555 on October 24, 2019, 04:12:01 PM

Competition is always good. Because it contributes to the maturation of the market. That way we can see the good or the bad in a much freer way.

In the long run, many of these 3000 cryptocurrencies will disappear, but new ones will continue to be integrated into the system. Diversity is always good as long as each serves a different purpose.

Quality over quantity will do good than shitcoins piling up on CMC. Ideally, we don't need those 3000+ shitcoins when in reality only 25% ( assuming ) of it are performing good.

Found this article though it's 4 years ago so surely the percentage increase more.

Quote from: https://www.google.com/amp/s/cointelegraph.com/news/coinmarketcap-about-40-of-the-coins-ever-added-to-the-site-are-now-inactive/amp

CT: Has CoinMarketCap ever permanently removed a coin from being listed on the site? If so is there a list of delisted coins? How about delisting an exchange?

G: About 40% of the coins ever added to the site are now "inactive" due to failing to meet the basic criteria. In virtually all cases, the reason for delisting is because all exchanges have delisted the coin. There is not currently a list of these coins, but perhaps in the future. Exchanges get delisted when their API fails ceases to work for a significant period of time.

TheGreatPython

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

I would not say that it is an healthy move because most of those projects that you are looking at don’t seems to have real working product backing them which means that at no point would they be able to get volume for the market other than the ones they have gotten at the initial stage of their ico when they made lots of hype for presale.

The disadvantage of this also is that it will get people confuse, because the more project that we have in the market, the more it will stress people to stand finding the reliable ones out, but if we have few projects, it would not be really difficult to be able to select anyone that we know will be of great value or asset to us in the future when the cryptocurrency start getting being used more than it is now.

d3nz

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People nowadays are taking advantage of the decentralized market and creating their own token and copying some other projects code and changing the name. That's why its much better if CMC will not list any token that is not worth it. Too many altcoins are wortless and not usefull at all.

But i think it cannot be stopped and more altcoins will be created using the ERC20 and i don't why they are creating a duplicate project and just changing a minimal description and maybe because the target to to get funds from investors.

Dewi Aries

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Quote from: janggernaut on October 28, 2019, 06:58:00 PM

Quote from: shoreno on October 27, 2019, 12:30:37 AM

people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

Too many options about crypto isn't a good thing from my opinion. There are tons of shit token out there which created for no purpose, they just created to earn some quick money throughout their ICO/IEO, even those token listed on many exchange sites. Just hoping these exchange sites which accepted any crypto just delist them all and only list some good token/coins

At the end, it will be like that. Dead project or non profited coin for exchanger will be delisted. But, new one will keep come. And as long they are fill the exchange's requirement they will listed. Maybe it is all depends on us as crypto traders, users, and investors to filter which project that can be profitable or not.

TGD

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Quote from: shoreno on October 27, 2019, 12:30:37 AM

people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

Some risky coins can have room for growth or the other way around. Just reseach about their product and team and how far they want to vision their product. While, it is good to invest for top coins at this rate and status of the market. But in the future as technology advances more and new investion and idea attain , we must still give chance for new coins. Those who are long time no development coins in cmc must be delist to give spot for new that are legit and have product to be noticed.

janggernaut

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Quote from: shoreno on October 27, 2019, 12:30:37 AM

people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

Too many options about crypto isn't a good thing from my opinion. There are tons of shit token out there which created for no purpose, they just created to earn some quick money throughout their ICO/IEO, even those token listed on many exchange sites. Just hoping these exchange sites which accepted any crypto just delist them all and only list some good token/coins

rocku12345

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Every coin in the CoinMarketCap`s list is a part of cryptocurrency history, no doubts. Many of altcoins breng pretty important value to thepumping market in 2017 but surelly several of them have to stay in history or at least make a really productive cooperation between each other. E.g. produce union of Decentraland and WINk and get a big support of gaming community.

On the other hand these 3000+ are giving us the speed of the crypto`s world expanding. It may help in understanding investing climate because shows trend of projects executings.

shoreno

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people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Experia on October 24, 2019, 10:19:50 AM

Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.

Several projects essentially died out. Even if some badholder of that project attempts to keep the flickering lights on with their shilling, the devs abandoned it and the exchanges have delisted them.

This is true for many coins and since CMC has to keep all those coins in one place their metric will show a big number. This does not correlate to the actual number of coins that are doing good. In my opinion only the top 10 coins except the forked coins is what is needed to be kept an eye on.

One can consider it to be unhealthy, but it more of a historical value that failed projects make up more than 90% of the CMC lists - which should make new investors wary of what to expect in these hostile waters. Grin

el kaka22

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It depends, people think there are millions of dollars going into those things but at the same time if you look at the volumes and even funding most of them look fake, some of the mare not even really funded, they just airdrop a useless coin.

So in the end, there are 3000+ coins but what really matters is the top 1000 coins that actually makes a change in bitcoin world, the rest are totally useless and worthless and is neither bad or good for the bitcoin world because they are irrelevant. Looking at the top 1000 you can say some of those are useless as well, I have always supported the top 50 coins and said they were enough because people are creating useless coins now, yet in the end we are still getting new ones.

If could squeeze every penny out of all other coins and put them all into top 50 coins than we could had a lot bigger market cap since that would skyrocket the prices and also create a hype both on crypto world and even on mainstream world.

Pelunize12

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Quote from: Ferris419 on October 24, 2019, 11:03:42 AM

It is actually degrading for crypto, not that growth! Because we have more than 3000 coins but most of them have no use cases, not mentionable trading volumes and no working products. With the 3000 projects, crypto still not in mass adoption. If you count masternodes coins, crypto has almost 6K coins. So, this is not helpful for the crypto environment, we need fewer projects with working products!

many investors who invested in wrong coin which has no value at all makes many coins created, so if we dont wanna see many shitcoin around, i think we must educate new investors

shitcoin devs just wanna steal money, they are alive because of investor gives it. dont do continously in order to stop many shitcoin created

DGulari

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

It's not healthy again. Back then, in 2016-2017 while there were around only less than 1k crypto (on that time ICO or IEO even didn't as much as this now), so people can focused on few trades. Any token/coins which only has small volume should be delisted from all exchange so there will be only legit coin which we can trade

stomachgrowls

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Quote from: plast555 on October 24, 2019, 04:12:01 PM

Competition is always good. Because it contributes to the maturation of the market. That way we can see the good or the bad in a much freer way.

In the long run, many of these 3000 cryptocurrencies will disappear, but new ones will continue to be integrated into the system. Diversity is always good as long as each serves a different purpose.

We have seen enough i guess because majority of coins are using up the same platform(getting mostly from top alts) and the rest are pure trash.

There are several projects which do had some actual usage which is considerable but majority of them are just copying from each other thats why
it isnt really that necessary to have more.We've seen theres still ICO happening nowadays which this will clogged up more the entire market.

We dont need more any shitcoins but i agree that these coins will not last for long time and only good project will surely remain.

plast555

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Competition is always good. Because it contributes to the maturation of the market. That way we can see the good or the bad in a much freer way.

In the long run, many of these 3000 cryptocurrencies will disappear, but new ones will continue to be integrated into the system. Diversity is always good as long as each serves a different purpose.

xiboothrezi

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

snip-
Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

Although every day new coins and tokens appear, but not all of them can survive in the cryptocurrency ecosystem. Of the thousands of coins and tokens, only those with strong, innovative, unique products and have high investor confidence can form an ideal market capacity. I see many cryptocurrencies indicates that this is a promising new land, meaning that more people or groups or companies are competing in creating a cryptocurrency with unique niches that attract users and investors in particular. That is why natural selection applies here, coins and tokens with weak market capacity will become less valuable because they lose investor and trader confidence.

Darktongue

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

This is the correction of cryptocurrency for new technology. Slow and low developers correction time. Two months ago one token rank was 1200 but yesterday this token rank was 2035. Better token is taking better position, this is healthy thing for the growth crypto.

Reid

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Competition is great but if the projects under it is just being repeated without any upgrade then it sucks to see that kind of number.

Effects to the crypto market will be bad too specially the giants like bitcoin and Ethereum.
Dividing all those money even for just 20,000 USD per piece of that crypto coins will take the demand down and also the market having a lower volume.
We could actually see it now. If the bitcoin price didn't grew then we might be seeing more low numbers of market cap.

rmhuntley

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HALA MADRID

In market competition, the principle is who is the best, so he will be lucky. The more crypto products on the market will create competition, and traders will certainly choose which products have the advantage. I dont think the number of crypto products will interfere with the system. But this is another positive thing from the growth of cryptocurrency in various countries.
Unseeded products will be difficult to attract the merchant's interest until they are ignored and become a failed product.

Topic: 3000+ Cryptocurrency on Coinmarketcap - page 2. (Read 804 times)