The bulk of the coins are useless coins that have no real value. And the time will come when more than 90% of all coins "disappear." Then a simple user will know the true uselessness of such coins.
The average is due to the selection of the market itself, especially if bitcoin has experienced a substantial decline, this is very likely to occur where the altcoin has no value 
Topic: Are altcoins useless? - page 29. (Read 21994 times)
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 altcooin was created to help the crypto market grow a lot. Because alcoin is representative of ICOs. It represents the development and potential of those ICOs. That helps attract investors and develop crypto market a lot
The bulk of the coins are useless coins that have no real value. And the time will come when more than 90% of all coins "disappear." Then a simple user will know the true uselessness of such coins.
This also happens because there are projects that raised money but forgot to say that they will not do anything with the project and that this is a hoax. Of course all this is called scam projects. We all know and understand this.
I think lately I often see a number of projects like that and there are also those who already have a plan program that can be seen from the road map, it turns out that it is not in accordance with what is on the road map and finally many are lost and disappointed with the project.
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.
This also happens because there are projects that raised money but forgot to say that they will not do anything with the project and that this is a hoax. Of course all this is called scam projects. We all know and understand this.
I agree that there are too many altcoins, but not all of them are useless. I would say the vast majority of them are, so investors must be very selecting and do deep research to find the gems. I go for the higher-ranked alts.
There are too many useless altcoins in crypto space but there are many altcoins too that you will regret not buying when market price start surging so it's all about how well you DYOR
Firstly, i want to clarify the OP question that altcoins are not useless if they are Satoshi wont have the bitcoin protocol available for all. Concern your statement, the availability of many useless altcoin is logically because blockchain is a broad network but it the investors that need to be more careful. 
Not all alt coins are useless. There are few Altcoins that you might use like bitcoin but quantity is very low. Most of altcoin is useless because there is no uses except trading on digital exchange. Since world still not accepting crypto-currency easily that's why need more time to use Altcoin. On the other hand most of altcoins team is silent and they are not trying to make any opportunities to spend their coin. In that situation only trading is the purpose of altcoin.
Some altcoins provide very interesting and innovative ideas: like BitTorrent https://cmc.io/coins/bittorrent-token or Bee token https://cmc.io/coins/bee-token, for example. I do believe they offer a lot to modern technologies and blockchain industry.
So despite a huge number of scam and unworthy projects, altcoins show us new ideas and solutions
So despite a huge number of scam and unworthy projects, altcoins show us new ideas and solutions
I don't see it becoming useless, maybe you just misinterpret the way it looks like today and to see also a lot of altcoins being buried. We've never make to generalize cause there's a lot of altcoins that are worthy to hold and for investment as well. They are now the becoming a good assetn in the community today and too positive that it will show more in the future.
THis is what makes the altcoins as useless at some stage because the altcoins are also found to be used as means of payment but most them were just used as an investment so it is just another bump and dump coin the view of a trader so this keep decreasing potential level of altcoin even if they are good for future's realistic usage. 
A lot of altcoins are useless, but there're plenty of good ones that have an actual purpose, but we don't need as many tokens. Ethereum is one of them.
I quit agree with you as regards ethereum and some few others like, EOS , Elasto, Ontology of which I know,but there are so many shitcoins out that are worthless, because the original project idea and team could not be delivered it.I don't think that alt coins are useless. Cause without Bitcoin and some coins, most of the coins are altcoins in this market. And I think we need altcoins not too much but many of them. Cause they comes with new ideas and that is very important for crypto currency and Blockchain technology. So we can test the limitations of Blockchain. And of you observe you will see that as a investment altcoins are good of they are backed up by good project. They give more profit than Bitcoin at the mean time. But also they are risky too. So be careful and always do your own research before investment.
I also do not think that altcoins are useless coins. Many altcoins have unique technologies or unique ideas. They are just not as popular as Bitcoin. But I am sure that many projects have very good prospects. There are a number of projects that I consider very promising, such as Sound Money Soin.
I don't think that alt coins are useless. Cause without Bitcoin and some coins, most of the coins are altcoins in this market. And I think we need altcoins not too much but many of them. Cause they comes with new ideas and that is very important for crypto currency and Blockchain technology. So we can test the limitations of Blockchain. And of you observe you will see that as a investment altcoins are good of they are backed up by good project. They give more profit than Bitcoin at the mean time. But also they are risky too. So be careful and always do your own research before investment.
I don't see it becoming useless, maybe you just misinterpret the way it looks like today and to see also a lot of altcoins being buried. We've never make to generalize cause there's a lot of altcoins that are worthy to hold and for investment as well. They are now the becoming a good assetn in the community today and too positive that it will show more in the future.
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.
There are too many useless altcoins in crypto space but there are many altcoins too that you will regret not buying when market price start surging so it's all about how well you DYOR
There are several altcoins with different use cases. The only way a coin can be rendered useless is if consumers do not find any use in its use case, except for those with none at all.
I have seen quite some coins aside BTC, ETH and XMR, that have uses on some products.
I have seen quite some coins aside BTC, ETH and XMR, that have uses on some products.
it is not something that you can generalize. all altcoin has different project and different quality. there are very good altcoins that have very good infrastructure and very nice idea behind. on the other hand there are so many scam crap altcoins as well.
There are some altcoins that have no value and will never have it, because after the token sale phase there were almost no more news from several projects and I hardly doubt that they will release something in the nearest future.
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