Are altcoins going to get the mainstream like 2017? - page 6.

Rodeo02

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

possible that it will true because there are no real use most of the altcoin. If you invested in altcoin you should know what currency do you think will be usable someday and can make more people adopt that currency.
If there are no use and only for trading in long term the value of each altcoin will decrease since the adoption of that coin is also decrease.

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

the majority will be dead for sure, before choosing the coin. you need to figure out what is the issue that they are trying to solve and their competitors, afterward find out their development. a use case is a basic thing and the most important one that every project must have if they want to survive in the competition, without a use case they will not be able to address the problem that they want to solve and absolutely they will not have a future.

masterrex

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

I think it much higher than that! The 30-35 altcoins was too low since altcoins are the dominate number of coins in the market, out of the thousands altcoins that exist maybe 200-300 altcoins that has a true use case, including the real world application. I think the rest are just pump and dump project, or mostly copycats from other existing projects.like payments, smart contracts etc. there are bunch of copycats altcoins in the market today.

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future.

That's true and almost 90% of the altcoins in the CMC were crap coin or I can say the percentage should be more than it.

Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future?

The only point to choose the coin that will have bright future must be based on the product that already created by the platform itself. Remember about so many crap products that can't even generate revenue.
This is just a basic analyzation. The real purpose of the product is to get the revenue from sell it to the users and the company can sustain even longer and give benefits to the investors. If you are seeing other than this point and never try to choose that coin.

Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

Only use case is the main thing or you will add other? Thanks

The use case that related to the utility usage and it's not about the ability for token to be like a security coin that makes you able to receive dividend.

LostConfidence243

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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

Topic: Are altcoins going to get the mainstream like 2017? - page 6. (Read 646 times)