Topic: Are altcoins useless? - page 28. (Read 21971 times)
MOst of the altcoins are useless, therefore many people claim (me amont them) that 90% of them will dissapear. BUt there ar emany altcoins that will make a huge difference in our life.s. imagine for example.. Datecoin or Viola.. you wont be scammed anymore with dating apps like badoo, meetic, tinder.. with all that fake profiles. Or for example, Beatzcoin, content creators will get a fair amount for the work done, and wont need to spend effort and time on marketing!
I still believe in altcoin because altcoin is use to be a good investment right from time but is just that you should be mindful of the the altcoin you invest your money into.
Of course Altcoin is useful but not all, the altcoin proves that more and more people like to use crypto currencies other than bitcoin. People need to be smarter in choosing and using altcoins because the functions of each altcoin are different, just choose what makes you interested. Altcoin also has good prospects to be a place to invest.
Of course, altcoins are needed, as each belongs to a certain company and integrates users on platforms for making payments ... there are empty altcoins that do not carry any semantic load, but not all are like that ..I think weak altcoins will be eliminated in the future, but to say that altcoins are unnecessary is at least not clever
My simple answer is no, not all altcoins are useless. Most of them are.
Some altcoins do push the boundaries of what is possible, are looking to get new and exciting algorithms and ways to save power in mining, implement great features etc.
They need a legitimate development team and to be active. Most alts were just a moneygrab and people bought in during the hype but lacked substantial development. They also took advantage of people new to the crypto space.
Some altcoins do push the boundaries of what is possible, are looking to get new and exciting algorithms and ways to save power in mining, implement great features etc.
They need a legitimate development team and to be active. Most alts were just a moneygrab and people bought in during the hype but lacked substantial development. They also took advantage of people new to the crypto space.
Currently crypto is only used as a short term and profit taking, users are never patient waiting so they sell immediately when there is a small increase, this is what makes devs. must have a good strategy.
Almost altcoin useless because lower trusted by owner and never have new planning about their coin, many altcoin have delist on big exchange market and make price is dump too lower and many investor have lost their money.
I would not say that altcoin is a lot of useless while on the market there are many new and old altcoins that still have good investment prospects. all depends on the development of coins, coins that have many users and stable prices, usually many like it.
Most of altcoins are useless but not all, most of them have some purpose but not really essential in life, but we are in the innovation stage wherein we find ways to make our task or anything easier with the use of it. If an altcoins purpose is just for the decentralized transaction then it's useless because we already have bitcoin for that, what we need is something new and to be easily recognized and used by the society.
It's true because of the abuse in the market. There are devs who create altcoins for the purpose of pump and dump only, when the price cannot recover anymore they leave it.
This is bad for investors since they could end up bag holders, they are holding a useless coins that will never let them sell at a profit.
Most of altcoins are useless but not all, most of them have some purpose but not really essential in life, but we are in the innovation stage wherein we find ways to make our task or anything easier with the use of it. If an altcoins purpose is just for the decentralized transaction then it's useless because we already have bitcoin for that, what we need is something new and to be easily recognized and used by the society.
Today there are more than 4000 different cryptocurrencies and 95% of them are absolutely useless. While this area is only developing, they will exist, but then there will be 20-30 crypto-currencies.
They will not gonna recover even the bull run has already started. Useless coins can victimize investors once but they cannot do it again, it's because investors are smarter and they have learn from their mistakes.
With the price increase now, it's not gonna dump easy, as we are due for this increase and this could help altcoins to follow the action.
Not all altcoins are absolete. It's very much depends on the sort of ICO project. If an ICO strive for success and eventually thrive, I think it's coin will have value.
Now it is difficult to understand which projects will really succeed and which will die over time. this market is not very predictable for everyone
Some coins are really pretty terrible but still some coins have their own features and target different from bitcoin or ethereum and am sure you know there are some of them really thriving in the market..Most coins are there for different purposes give them a chance to make their impact and then let the community decide
Today there are more than 4000 different cryptocurrencies and 95% of them are absolutely useless. While this area is only developing, they will exist, but then there will be 20-30 crypto-currencies.
I agree that now the number of useless coins has increased. But we cannot do anything with these unless we create this trash, who still continues to do this. But there are good winning coins.
Agree there are some alts that has no value but we cannot say all of them are the same, actually value of project and the value of the project matters, as we know some powerful altcoins such as bitcoin, ETH and ripple that has high value in market so new altcoins have to face difficulty in competing them and developing among investors as everyone supports only bitcoin and ETH the most.
I think some alternative coins are very useful. The idea of these projects can significantly improve people's lives and solve some global problems. That is why I support alternative coins.
Although there are many different types of altccoin in the market. But l am not agree with you at this point all altccoins are useless. But some of them lost their value in the market due face different types of problems & not successful to maintain projects. That result they could not attracted the investors. But no doubt we rgain knowledge of market through altccoin. I think so.
in theory, if we see altcoins that have the same function, they are not much different from other road maps in general. But strong altcoins have a clear path to strengthening profits directed at fluctuations in their coins on the market. If this is not achieved, then they can be sure they fail and their coins are useless. But you are right about the knowledge and experience gained, especially between traders, investors, and developers.
You might be confused regarding which cryptocurrency can potentially provide you 100x returns. Before investing in any of the above digital currencies, it is better to do your homework - research the cryptocurrency, blockchain, and development team behind it.we can already see the rising trends of different cryptocurrencies in the blockchain industry. 2019 is going to be the year which is set to change the picture from bearish to bullish. Historically, people use to watch the stock market trends in terms of wealth creation, but now the focus has shifted to top long term cryptocurrencies.
Although there are many different types of altccoin in the market. But l am not agree with you at this point all altccoins are useless. But some of them lost their value in the market due face different types of problems & not successful to maintain projects. That result they could not attracted the investors. But no doubt we rgain knowledge of market through altccoin. I think so.
Not all altcoins are absolete. It's very much depends on the sort of ICO project. If an ICO strive for success and eventually thrive, I think it's coin will have value.
Now it is difficult to understand which projects will really succeed and which will die over time. this market is not very predictable for everyone
Not all altcoins are absolete. It's very much depends on the sort of ICO project. If an ICO strive for success and eventually thrive, I think it's coin will have value.
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