Topic: Are altcoins useless? (Read 21934 times)
Many altcoins are indeed useless and shouldn't have been created in the first place ,many of these useless coins are backed with zero working product thats why they never have any real value after long term , we only have very few altcoins in crypto space that's worth investing in
Bitcoin might be seen as the king, but altcoins are the backbone of cryptocurrency and the reason for it's continuous existence.
The only thing we need to control or eradicate is the influx of scam projects, which has made some people not to trust the system.
So altcoins are the future and the best of alts is yet to come.
The only thing we need to control or eradicate is the influx of scam projects, which has made some people not to trust the system.
So altcoins are the future and the best of alts is yet to come.
Some of them are useless my friend, really useless, there is no need for denaying a truth. They are just bad copies, nothing more, and like every bad copy, there is no future for them.
This is the reason why people should do research before investing, just 15% have some future, others will die along the way.
I would say that 85% of all coins are really useless, while the remaining 15% are working, promising and are mostly in the top of the market.
With the number of coins out there, it`s reasonable to think that more than 85% of them are useless. I must agree with that, they are just schemes for some people to make fast money, pump and dump coins, how people like to call them. This is the reason why people should do research before investing, just 15% have some future, others will die along the way.
I would say that 85% of all coins are really useless, while the remaining 15% are working, promising and are mostly in the top of the market.
Altcoins make up a significant part of the total market capitalization. If the altcoins were useless, they wouldn't be cost anything. However, investors invest a lot of money in certain projects. Only failed projects and their tokens lose popularity and become useless.
The problem now is that there are too many altcoins so there are a lot of useless altcoins, this is the biggest problem because it makes competition very tight and only the top 100 will survive.
Altcoins make up a significant part of the total market capitalization. If the altcoins were useless, they wouldn't be cost anything. However, investors invest a lot of money in certain projects. Only failed projects and their tokens lose popularity and become useless.
Not all altcoins are useless because every altcoin has got its idea and product on the market. Some altcoins have working products and these products give the demand for the coins. An altcoin becomes worthless when it has no working product and no demand on the market.
Altcoins are alternative developments for crypto currency in order to develop a new technology and implement every alt coin need some specific amount of time and innovations only few coins will last in bear market does cant survive in bear market
As far as my experiences with the altcoins are concerned. I do not have any bad experiences so far like scams or lost any big amount. I am very careful in picking which coin to invest and trade in my trading sites. If I am earning a profit with my altcoin trades then I am confident to say that altcoins is not useless. There are just people who want to see altcoins dead and spreading falsehoods that makes people shy away from altcoins.
The massive volatility and pump and dumps that occur with crypto has shown that many people are in for the money and not the tech. Hence even though we may see ALTs as not having performed very good, people will always follow it once they can make money outta it. So such people don't see ALTs as useless.
The fact is almost of all coins have involved in speculation to some extent. The market has hundreds of coins at present and an endless string of new coins are hitting the market every day. Nobody knows how long this will continue. But we all know that bad performing coins will disappear from the market and only filtered coins like ethereum, bitcoin, monero, litecoin will remain with us.
Today, there are already about two thousand cryptocurrencies. However, most of them are lost against the background of Bitcoin and etherium, which for years have retained the status of the main players in the market.
Hundreds of other cryptocurrencies that appeared on the wave of Bitcoin success could not make such an indelible impression on users. But one could - Ethereum.
There are very good altcoins and designs, and they still shoot like Ethereum!
Hundreds of other cryptocurrencies that appeared on the wave of Bitcoin success could not make such an indelible impression on users. But one could - Ethereum.
There are very good altcoins and designs, and they still shoot like Ethereum!
Many of them are useless but not all. Top altcoins on coinmarketcap has their own use cases. They have their own project to contribute to the blockchain technology. It depends on that individual how he appreciate them if he would define it useless.
Well if you have a store of value cryptocurrency that is faster and more energy efficient than Bitcoin, that would be pretty useful...
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Digital Gem Token - Mainnet 100% Live
A decentralized open source store of value cryptocurrency that is more environmentally friendly and scale able than Bitcoin.
The inflation rate is 0.25% per year and uses the Delegated Proof of Stake consensus mechanism. Digital Gem Token is based on Ark.
Website: http://www.digitalgemtoken.com
Block Explorer: http://www.explorer.digitalgemtoken.com:4200/#/
Wallet: Integrated with the Ark.io Wallet
Discord: https://discord.gg/hNcFgb3
Bitcointalk ANN: https://bitcointalksearch.org/topic/m.51287198
What do you think has been part of the major factors that has been keeping cryptocurrency going?
The mass adoption that is being constantly preached and that is making it work gradually, is because of the different and many projects that are being lunched almost every time.
The mass adoption that is being constantly preached and that is making it work gradually, is because of the different and many projects that are being lunched almost every time.
Majority of altcoins were started without any knowledge and they are only paying the dev that comes from the freelance to work with them all. that's why a lot of altcoins are getting fallen caused by they have no enough knowledge to develop the product.
from 10 altcoins and 3 will survive and the rest will die.
from 10 altcoins and 3 will survive and the rest will die.
Exactly. While this is true, there are still some altcoins that are unique from others in terms of development and innovation. Altcoins like NANO and IOTA are quite useful since they make use of a DAG algorithm which proves to be much more efficient than a traditional Blockchain. Other altcoins like Ethereum and Cardano, provide smart contract features expanding Blockchain's capabilities way beyond finance. These altcoins prove to be quite useful for the mainstream world.
However, their success will greatly depend on how many people adopt them within the long term. The lack of adoption from such altcoins, would make them rather useless as they would only be seen as speculative assets than a real currency for daily use. As for forked coins, I don't see any future on them. Most altcoins that are forked or copied from another existing cryptocurrency, tend to lack real innovation and development. They're just copies and nothing unique. Which is why, most altcoins which fit into such criteria, tend to become abandoned by their devs over time, making them useless for the mainstream world.
Nonetheless, a lot of altcoins might die in the end, leaving us with only a few prominent altcoins such as Ethereum, Litecoin, Monero, and Cardano. Just my opinion
According to me , the sad true is only few alt coins will survive and make their product reality. So to be success investors , people should be more understand those coins. Most of altcoins will death.
The token has nothing to do with the company's product. In most cases, the token is just a subject for speculation.
what is below the top 100 can almost certainly be said to be useless. Yes, and in the top 100, too many dark horses.
Those coins that are not in the top 100, they are mostly useless, but there are also working projects, it is best to choose the altcoins that are in the top 100
From my own point of view, i do not think altcoin are useless though we have some altcoins that are not relevance , only instruments of speculation . There are some altcoins who serve better purpose in Crypto Space. Bitcoin , eth and monero are not the only Crypto used as a means of payment . There are some other Altcoins out there that also used as a medium of payment. You will find out about these better altcoins if you do your proper research.
There are a lot of projects in observation since the beginning of the fall, and there are projects that have fallen 100 times. And only a few almost did not fall, and they traded slowly, as in the 17th year.
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