Topic: A million altcoins (Read 1672 times)

Agree, among the more than 3,000 altcoins on the market today, I think no more than 10% have a developer team with high commitment to their investors. Many altcoins are left behind by the developer team or don't have the product, so they are abandoned by investors

Indeed. Basically a coin that was dead yesterday only sought profit in opportunity. As Op said, until now there has been no real use case on coins or tokens top. Though this is very important that will bring the world of crypto is not ogled anymore as an instant money search tool but more to technology. Hopefully this crypto habitat will be more mature in terms of development and of course for all good things.

With million altcoin listed on exchange market with have million chance to get profit with altcoin, how come is there on exchange market only available with several altcoin, maybe our chance to get profit with altcoin trading or investing will be less. But when got million kinds or altcoin we have big chance to get profit with altcoin and get benefit how to trade and invest with altcoin, if one altcoin lower price we have chance with other altcoin

Agree, among the more than 3,000 altcoins on the market today, I think no more than 10% have a developer team with high commitment to their investors. Many altcoins are left behind by the developer team or don't have the product, so they are abandoned by investors

In my opinion, only 10% of altcoins are profitable for investors because altcoins do not have much value in our lives so altcoins are only considered as a tool to make money. Most investors do not care much about the potential of those projects because after the price increase, there will be a lot of big adjustments. Currently more than 3000 altcoins are available at various exchanges and you need to research the best altcoins to make a profit in the bear market.

Of course, you are not always lucky to find good altcoins to make money because this market has great risks that you cannot avoid.

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

Some people enter the world of crypto just for profit. Whether it's investors or bounty hunters. Yes, they don't care what happens to the research and development project. If there is good news from RnD, then it is a profit because the price will definitely go up. In addition, RnD does take a long time to see results, and will certainly continue at any time. If the OP sees that nothing has changed, maybe the next 5-10 years will feel the effect. Slowly but surely because there is always trial & error.

Investing in the altcoin market at this time is like finding a needle in a haystack: utterly time-consuming and useless unless you stumble upon a gem or two along the way. Despite having stricter regulations and enforcement of certain licenses before creating a new token, shitcoins are still appearing here and there like mushrooms feeding off of other dying altcoin’s volumes. There are a few notable and actually useful altcoins out there such as ETH and some tokens under it but that’s just about it. Besides, people don’t really need all the fancy features and other bling-blings some altcoins come up with just to sell itself, so why bother looking for newer ones when you can just stick to the old stuff that just works?

Altcoins are really so many because people have seen them as a quick way to make money-write a white paper,  design a website, issue a token on either Ethereum or Waves and voila!  You're rich!  So many projects/tokens exist that are useless and will die off naturally.  Even before any form of regulation,  some projects will naturally lose relevance. Bitcoin is still the major cryprocurrency,  and for good reason.

Altcoins are really so many because people have seen them as a quick way to make money-write a white paper,  design a website, issue a token on either Ethereum or Waves and voila!  You're rich!  So many projects/tokens exist that are useless and will die off naturally.  Even before any form of regulation,  some projects will naturally lose relevance. Bitcoin is still the major cryprocurrency,  and for good reason.