Topic: Are altcoins useless? - page 2. (Read 21971 times)
Altcoins are honestly not shitcoins or useless as people see it even though it has low pace pumping up. Sometimes it takes time and process to be up there, sometimes you have to walk through the mud before you get to where clear water can be found. Let's give alts the benefit of the doubt to pump soon.
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.
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.
altcoin is the second alternative to investment tools because of low prices and easily accessible to various groups. so not all altcoins are useless and I'm sure there are still many altcoins that are very feasible for long-term investments such as ETH, EOS, BNB, XRP, etc. That's one of my favorite altcoins now
Now days we have more than 1 000 altcoins on the market. The question is, are people really using them? Frankly speaking only bitcoin, ethereum and monero are used for P2P payments. All others are used mainly for speculation purposes. Is it worth buying altcoins now days? I guess no, because all of them excluding tether are following bitcoin price chart. I mean if bitcoin is going up or down, altcoins are doing same. (Tether is connected to US dollar rate and used mainly for arbitrage trading purposes) So do we really need altcoins? Regarding platforms, only ethereum is mainly used, and mostly for creating ERC tokens. All others, like waves, neo, etc are used very rarely. Monero is used mosly for shady deals because it is untraceable. (I doubt about that, because one dude who opened a shop on a dark web for selling drugs was cached by police last week. For communication he used 3 level protected VPN and was accepting payments only in monero) https://www.wired.com/story/monero-privacy/ You can read about dark web here. https://www.techadvisor.co.uk/how-to/internet/dark-web-3593569/ days. The main question is: Do we really need altcoins? Or Bitcoin, Ethereum and Monero are enough for crypto comunity this days?
I think the altcoin will function depending on the platform they are developing. Even though they use the ERC20 blockchain, if the platform they develop has an effect on the global, then the altcoin will buy.Simply put, they created a trading platform or about a hotel. Of course the altcoins they develop can exchange with the platform.
Suppose we book a hotel room to pay using the token. In this case, the price of the token does not depend on the prices of BTC and ETH.
Altcoins can't be useless cause there re so many altcoins with good use cases. Altcoins like Ethereum, xlm, xap etc are promising projects which have thrived very well today. There are also a whole lot of worthless altcoins.
We can call them useless its because of so many shitcoins are now coming or we holding for to long. But if we have some altcoins are have potential tro increase the price in a future maybe we cant tell it useless. And those altcoins you mention ill agree with you because they are promising altcoins and top altcoins in a market.
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.
Investing in altcoins have earned me most of my current money. For they grow the fastest and you can increase your capital several times. The main thing is not to risk much and invest in reliable altcoins. For example, in the Altcoins from the top 50 list.
We all buy altcoins to make money, but I don’t think it would be right to call this a useful application for its intended purpose. Any project becomes useful when it implements its plans and becomes a working business, there are a lot of such companies already operating in crypto market to say that not all altcoins are useless
Altcoins is not a payment system. These are the tokens that the project needs to work. The more popular the project, the more popular the tokens. Otherwise, altcoins are not needed.
Investing in altcoins have earned me most of my current money. For they grow the fastest and you can increase your capital several times. The main thing is not to risk much and invest in reliable altcoins. For example, in the Altcoins from the top 50 list.
Of course, there are useless altcoins, but I fully agree that alto coins grow very well and it is better to choose coins that are in the top 
The idea of altcoin is to serve other purposes that bitcoin cant handle. Some altcoin are doing well with the products and teams that understand the space. The important thing about any coin is how it could drive volumes by traders, cause investors want to make money and traders want do business with coin that earns profit also.
Exactly. But even so, there are some altcoins which are junk (or not useful at all). Most developers tend to copy code from other cryptocurrencies, in order to create a fork that's exactly the same as the original cryptocurrency (with no further improvements or innovation). Which is why, we should be careful when choosing one altcoin from the other by doing our own research. Usually, the top altcoins in market cap are the most popular, yet they're highly active and maintained by their developers.
It's not about trading cryptocurrencies for profit (where some claim them to be useful in this regard), but it's whenever an specific cryptocurrency can become usable for the mainstream world. Innovation and development, is what makes an altcoin shine among the rest in my opinion. An altcoin which delivers speed, cheap transactions, and stability, will be such that will last for a very long time.
As such, if you're on the hunt for useful altcoins, then look no further as Ethereum, EOS, Cardano, and Monero fit the bill nicely. You can use Ethereum, Cardano, and EOS, to interact with the most popular dApps in the world. And if you're inclined towards maximum privacy, then Monero would be the most ideal solution for you. It all depends on the specific needs of a person, whenever he/she wants some features from others. While most altcoins will not last for long, some are needed to help fulfill certain tasks that are not widely possible with Bitcoin.
Nonetheless, without altcoins, Bitcoin's network load would've been much higher than we've thought. Hence, it could be said that they're useful after all. Just my thoughts
Investing in altcoins have earned me most of my current money. For they grow the fastest and you can increase your capital several times. The main thing is not to risk much and invest in reliable altcoins. For example, in the Altcoins from the top 50 list.
I would a great amount of them are totally useless and it saddens me seeing new ICOs and IEOs still going on. The entire market is saturated with coins that offer no real utility and more are being added.
The bulk of altcoins currently trading on the coinmarket quite frankly are useless because they do not have any useful use case. The projects they represent are either dead or are way off track as regards the plans on their roadmap. So it is advisable to not just invest in any ICO for the sake of it. Buy only into proven projects with valuable coins.
There are almost no projects on the market right now which would be truly 100% useful to the whole world Even top cryptocurrencies are just beginning to find their place in the world. It is obvious that most of the useless coins will fall into oblivion.
When in this market most of the coins are altcoins and the whole altcoins ecosystem holds almost 40% or more share in the market.
I think alts are kind of a greatful thing for this market cause without market we would never seen that kind of implementation of Blockchain in this much way. With every coin there is a new idea and they are still coming day by day. So for this blockchain technology and for market altcoins are pretty much important.
I think alts are kind of a greatful thing for this market cause without market we would never seen that kind of implementation of Blockchain in this much way. With every coin there is a new idea and they are still coming day by day. So for this blockchain technology and for market altcoins are pretty much important.
Altcoins can never and will never be considered as useless, why and how? Altcoins are for long term investments and better for holding. Considering altcoins as useless should be for the ignorant and newbies. Keep holding, good days are ahead for altcoins.
No altcoins are not discarded. Just the specie are vain which achieve not achieve anything to apply what they are created representing. Just the money are discarded which cannot strive in the competitory marketplace. According to studies, most 60 percentage of altcoins get been evaporated in arrears to their default to strive in the marketplace. and I anticipate various of the existent mints desire be superceded representing their default to strive. On the other hand great and favourable currencies get forthcoming.
why would altcoins be classified as useless? Upon what criteria would that be considered? Altcoins can never be classified as useless and the fact that most altcoins shows no significant growth or progress does not mean altcoins are useless. Before you think of considering altcoins as useless, think about where bitcoin started and where it is now. It is a matter of time and process and altcoins will soon be classified in a more better way.
Many altcoins have good products and also have many partnerships with large companies. Indeed, many altcoins don't develop or the project fails, but I think altcoin requires time so that the project develops and produces good products
It is impossible to say for sure that all Altcoins are useless. I would say that they simply cannot find their place in the world of cryptocurrencies. The reason is extremely simple. All these projects cannot adapt their cryptocurrency offspring to the realities of the real world.
The surge of altcoins has its purpose. The technology exists because there are altcoins being developed every day. Even though these altcoins have very little value in the market it still complements bitcoin by increasing its value.
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