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Topic: Are altcoins useless? - page 25. (Read 21971 times)

full member
Activity: 468
Merit: 100
The world’s first Play, Learn and Earn
April 17, 2019, 01:07:38 AM
The altcoin has a variety of features and it is in accordance with the goals of each altcoin if we observe it in the market, there are so many altcoins that exist, but not all can develop smoothly so that it is difficult to reach the goal. The useless Altcoin will disappear by itself and be replaced by a new altcoin that has the potential and ready to compete.
yes I think that now the crypto industry is in a formation stage, and all useless projects, or empty coins, will abandon the market if on the project there is no demand, and there is no trading volume, then many exchanges begin to delete them from the platforms, also to them interest vanishes, I consider that it is the good sign as crypto begins a recovery stage that finally is positive is shown on all industry.
sr. member
Activity: 1050
Merit: 254
April 17, 2019, 12:09:56 AM
Not all altcoins are useless. Any cryptocurrency other bitcoin is an altcoin, so many altcoin exists such Ethereum, Grin, Dash and BAT all of these have their uses too.
Yeah, there are some useless coin but there also many altcoins that really good like ethereum, litecoin and many more. Also without altcoin, cryptocurrency will be so boring, so trader will only can trade bitcoin lol. Altcoins are not useless and many crypto users like altcoins.
hero member
Activity: 2856
Merit: 674
April 16, 2019, 11:40:48 PM
Not all altcoins are useless. Any cryptocurrency other bitcoin is an altcoin, so many altcoin exists such Ethereum, Grin, Dash and BAT all of these have their uses too.
You can check the top 100 coins in the market, https://coinmarketcap.com, all except bitcoin has markecap and most of them has a good trading volume.
With the big number of altcoins, most of them are useless but we cannot conclude all because it's clear there are good coins, BNB for example.
member
Activity: 798
Merit: 10
April 16, 2019, 11:21:38 PM
Not at all. Generally speaking, majority of altcoins nowadays are really struggling in the market maybe because of its current condition. Also most of them have no clear goal and no specific users. But of course there are still some altcoins that are worth the look. It depends on its significant in the market, its goals, the developer, and the community that supports the coins. In order for the altcoin to be successful, there must be a group of potential customers that will use it.

There is too many altcoin with same project or duplicate others project. Perhaps this good for competition but its looks too many altcoin having same project. I think altcoin not useless but its make investor more carefull before choosing to invest
full member
Activity: 602
Merit: 100
VANM - VIRAL ADVERTISING NETWORK MINING
April 16, 2019, 10:42:59 PM
The altcoin has a variety of features and it is in accordance with the goals of each altcoin if we observe it in the market, there are so many altcoins that exist, but not all can develop smoothly so that it is difficult to reach the goal. The useless Altcoin will disappear by itself and be replaced by a new altcoin that has the potential and ready to compete.
full member
Activity: 574
Merit: 100
April 16, 2019, 09:27:01 PM
Not at all. Generally speaking, majority of altcoins nowadays are really struggling in the market maybe because of its current condition. Also most of them have no clear goal and no specific users. But of course there are still some altcoins that are worth the look. It depends on its significant in the market, its goals, the developer, and the community that supports the coins. In order for the altcoin to be successful, there must be a group of potential customers that will use it.
hero member
Activity: 1428
Merit: 506
April 16, 2019, 07:52:23 PM
not useful if the coin has no further development, but on the contrary if they care about their goals the possibility of the project can also run well. altcoin is one of the best breakthroughs for investment other than bitcoin. at a cheap and affordable price for anyone. but with the terms altcoin that really has great potential.
Exactly, for those altcoin has no development it became very useless in the market. But for the others altcoins that still existing and with still updates about their project somehow very useful in the market. This is the most important that we should be careful in choosing altcoin to invest.
full member
Activity: 700
Merit: 100
Sovryn - 300-500% APY on USDT Deposit
April 16, 2019, 07:51:24 PM
of the many altcoins circulating in the market, only a few altcoins have no value, altcoins are also used by investors and traders to make investments and trades, altcoins that have an altcoin value are useful, altcoins that are useless are altcoins that have projects die and fail on the market
jr. member
Activity: 66
Merit: 1
April 16, 2019, 07:38:42 PM
Altcoin is not useless unless the one creator of one coin left that coin. Can you see that some in the market are almost altcoin and some of them have great value even the market is bearish. So we can't say that altcoin is useless because even whales in the market love to buy altcoins.
jr. member
Activity: 226
Merit: 4
April 16, 2019, 07:32:15 PM
I will reflect only on one of your statement out of many that altcoins are useless. We cannot make such conclusion based on that there are many scams and speculative coins. Beside them there are many alts which represents innovative ideas and have great future potential and value.
jr. member
Activity: 193
Merit: 3
April 16, 2019, 02:24:25 PM
not useful if the coin has no further development, but on the contrary if they care about their goals the possibility of the project can also run well. altcoin is one of the best breakthroughs for investment other than bitcoin. at a cheap and affordable price for anyone. but with the terms altcoin that really has great potential.
full member
Activity: 924
Merit: 112
April 16, 2019, 02:22:52 PM
The time has not yet come for the real use of altcoins. Behind their purchase or mining there is only a speculative component.  You're right.
sr. member
Activity: 714
Merit: 251
April 16, 2019, 02:06:58 PM
The vast majority are absolutely useless and are created with the sole purpose of taking our money.
Now all the projects in cryptocurrency make money on us, just some developers improve their project and at the expense of this we also get profit, and some developers just make money on us and hide.
I very much hope that the current state of the cryptocurrency market will greatly affect the balance of power among the cryptocurrencies. Perhaps exactly what is going to happen will be a very strong correction in among those coins that are traded on exchanges and which are dead weight in users' wallets.
full member
Activity: 476
Merit: 100
April 16, 2019, 01:52:17 PM
The vast majority are absolutely useless and are created with the sole purpose of taking our money.
Now all the projects in cryptocurrency make money on us, just some developers improve their project and at the expense of this we also get profit, and some developers just make money on us and hide.
full member
Activity: 644
Merit: 102
April 16, 2019, 01:25:37 PM
altcoins are not useless for many to have their own uses, target market and reasons they are created. The truth is most of the new crytocurrencies have worked on the shortcomings of bitcoin.  They are more scalable, faster and cheaper in transactions than bitcoin but they can not replace it
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
April 16, 2019, 01:02:07 PM
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 Altcoins are necessary, because most Investors do not leave all the money in USD or in Bitcoin, some trust part of their funds to Altcoins, most choose the first 5 of the top of CMC, others support projects where practically They are the Strong Hands of the same, whose risk is always very high, but in general terms you must have a good investment criteria to decide why altcoins trust until the end.

It is very similar to the Stock Market, where you buy and you must wait as long as necessary to wait for the benefits that can be given from the investment. There are also many investment options, not only in cryptocurrencies, there are also projects based on ETH that derive the ICO, STO, IEO, which use the tokens differently, but that also give good results, and with that many Sometimes they expand the market from every point of view.
jr. member
Activity: 280
Merit: 1
Security and Privacy Features on the Blockchain
April 16, 2019, 01:01:21 PM
Not at all altcoins are useless there have so many good altcoins which is doing so many things to change the wolrd. But you can say that there have so many useless coin and they have no products in the market.
full member
Activity: 1316
Merit: 105
April 16, 2019, 12:57:39 PM
In the last few months I have been using DogeCoin if I need to quickly transfer funds from one exchange to another. Fast transactions, and about the Commission does not make sense to talk)) So limit yourself to those coins that were mentioned in the first message does not make sense.

DogeCoin is one of the best altcoins for the fast and cheap transactions. and it's only one example. many altcoins are used for some purposes.
member
Activity: 1344
Merit: 10
April 16, 2019, 12:54:12 PM
The vast majority are absolutely useless and are created with the sole purpose of taking our money.
full member
Activity: 602
Merit: 100
April 16, 2019, 12:49:05 PM
In most cases, this is the case, and I think that it would be most profitable to use those altcoins that have already shown remarkable performance in the market in 2017 and earlier. It is to such altcoins that we have confidence and I think that everything will be fine.
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