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Topic: Are altcoins useless? - page 32. (Read 21971 times)

sr. member
Activity: 602
Merit: 251
March 25, 2019, 09:31:13 AM
I have the opposite opinion and from technical side, I believe that BTC is useless and altcoins can provide much more value. They are increasing their blockchain speed every month and I hope within a short period of time we will see 100,000 TPS by an altcoin and such numbers are unimaginable by Bitcoin.
hero member
Activity: 1190
Merit: 500
March 25, 2019, 09:31:04 AM
Some coins are really useless. I thought that they were created only to enrich the developers. These are empty and unnecessary projects. We must choose more reliable and promising projects for investment.
Useless coins are created by developers for scamming purpose somehow. At the end all of them is refusing to list on exchanges and this goes forever.
It could be, useless when developers don't have good innovations in their projects, they don't have a strategy to survive the competition in the crypto market, have a small volume, and have no community, better you stay away from that coin dude
sr. member
Activity: 1512
Merit: 316
March 25, 2019, 08:54:39 AM
Some coins are really useless. I thought that they were created only to enrich the developers. These are empty and unnecessary projects. We must choose more reliable and promising projects for investment.
Useless coins are created by developers for scamming purpose somehow. At the end all of them is refusing to list on exchanges and this goes forever.

People have to be careful in investing in any such projects which is aimed only to take money and scam the people and run away. So either do your research so properly that you do not get struck in such scams or invest only after they get listed on the exchanges and you see that it is worth and will have a future in coming years.
full member
Activity: 560
Merit: 100
March 25, 2019, 08:49:53 AM
The generally accepted information, today a very large number of projects that in fact will not develop anything, is an understandable fact that a very large number of people understand. But they still invest in them. This is strange
hero member
Activity: 1008
Merit: 501
March 24, 2019, 01:22:27 PM
Many altcoins are really useless on the market, but the upper alcoins have always been necessary and have some sense of existence.
I second this statement. This is absolutely fine with so many altcoins in the market. They have nothing for their future. They are just established and now are quite ignorant and ill-mannered to market. People don’t see them, don’t search for them and even don’t read about them as well.

Still yes, there are top altcoins like lite coin and ETH, the supreme one. It has just made a colossal impact on market in last couple of years.
full member
Activity: 560
Merit: 102
BBOD - The Best Crypto Derivatives Exchange
March 23, 2019, 07:14:23 PM
Many altcoins are really useless on the market, but the upper alcoins have always been necessary and have some sense of existence.
This is the fact that most can't accept and if they found out that the altcoins that are being called as useless are part of their portfolio. Let's take that fact and accept that most altcoins are really useless after the ICO or after being listed on exchanges.
it is true many altcoins from ICOs are dumped and become useless just have been used for pumping and dumping, and because the investors prefer BTC to other altcoins, they have the tendancy use keep all their assets into BTC, not altcoins because BTC can hold its value better than altcoins.
member
Activity: 598
Merit: 10
March 23, 2019, 07:06:20 PM
In my opinion All altcoins are not useless, they may suffer now due to market instability and acceptance factor. for those altcoins that are utility coins with a tangible products  i think they just need some time and will start booming . the cryptoworld as a whole is still too young for us to  conclude that altcoins are worthless.
Yes right, Altcoin is currently still below the price, because the decline in Bitcoin prices has a big impact on the price of Altcoin, but after Bitcoin rises again I'm sure Altcoin will return to the sky. So it's only patience that we must improve at this time.
jr. member
Activity: 840
Merit: 3
March 23, 2019, 06:32:17 PM
 In my opinion All altcoins are not useless, they may suffer now due to market instability and acceptance factor. for those altcoins that are utility coins with a tangible products  i think they just need some time and will start booming . the cryptoworld as a whole is still too young for us to  conclude that altcoins are worthless.
member
Activity: 840
Merit: 10
March 21, 2019, 09:07:05 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?



Nope, every coins or altcoins have different use cases, that is why, it is wrong to say that most altcoins are useless,.its just that they have different platforms with different use cases.

I am agree every altcoin have different purpose. But i think many altcoin are pump and dump project. I am prefer choosing good altcoin in top 100 coinmarketcap because i think it have good daily trading volume and good liquidity
member
Activity: 812
Merit: 11
March 21, 2019, 08:46:19 PM
not all for speculation purposes especially those platforms and altcoins that have promising futures. The platform MOAC has been getting really involved in China for quite some time now across enterprise level businesses

I am believe with more than 2000 different altcoin, there is profitable and worth to invest altcoin. I am agree that many altcoin are speculation investment or pump and dump token but investor getting smarter and they must be choosing a good long term investment
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
March 21, 2019, 07:55:15 PM
Many altcoins are really useless on the market, but the upper alcoins have always been necessary and have some sense of existence.
This is the fact that most can't accept and if they found out that the altcoins that are being called as useless are part of their portfolio. Let's take that fact and accept that most altcoins are really useless after the ICO or after being listed on exchanges.
member
Activity: 135
Merit: 10
March 21, 2019, 07:47:56 PM
not all for speculation purposes especially those platforms and altcoins that have promising futures. The platform MOAC has been getting really involved in China for quite some time now across enterprise level businesses
jr. member
Activity: 280
Merit: 1
The Ultimate Blockchain Trading Platform
March 21, 2019, 02:13:26 PM
Many altcoins are really useless on the market, but the upper alcoins have always been necessary and have some sense of existence.
hero member
Activity: 1470
Merit: 504
March 21, 2019, 01:35:21 PM
I disagree if the altcoin is not useful because until now actually altcoin has a lot of big advantages and it all depends on you how to be able to manage it so that it can benefit and also avoid big risks
legendary
Activity: 2058
Merit: 1166
March 21, 2019, 01:33:11 PM
Some coins are really useless. I thought that they were created only to enrich the developers. These are empty and unnecessary projects. We must choose more reliable and promising projects for investment.

"Some coins" is an understatement. Most of the coins are BS. Just no use case or a copied use case or trying to replace Bitcoin with even inferior technology.
legendary
Activity: 1904
Merit: 1000
March 21, 2019, 12:22:55 PM
Some coins are really useless. I thought that they were created only to enrich the developers. These are empty and unnecessary projects. We must choose more reliable and promising projects for investment.
Useless coins are created by developers for scamming purpose somehow. At the end all of them is refusing to list on exchanges and this goes forever.

There are many projects that only take advantage of the situation to make a profit for themselves. Such projects will certainly be useless at the end. But, for sure there are many projects that are truly developed and have real plans to be achieved. Therefore we have to be careful to pick the projects for our investment purposes.
full member
Activity: 1400
Merit: 103
March 21, 2019, 11:10:37 AM
The usefulness of blockchain technologies is undeniable, in my opinion, but the fact that many projects are artificially introducing their own token to raise money for ICO very much upsets me.
Lots of people are upset when they get a project like you say. but we must have a different view because the project as you say will continue to exist and that's where our analysis is tested. and it should be emphasized that altcoin might bring technological developments in the crypto field
Re-read my message again, and please do not attribute to me what I did not say. Where it will be verified by our analysis?
hero member
Activity: 931
Merit: 500
March 20, 2019, 05:53:14 PM
Altcoin projects are in the process of developing an idea for the future,  that is projects continue to be developed. Now, there are not too many altcoin projects for real use of people, but that doesn't mean they won't be used in the future. I think that the Altcoins contribute to the growth of the cripto market and that competition is very beneficial for the development of the blockchain technology.
full member
Activity: 432
Merit: 100
March 20, 2019, 05:51:19 PM
Many have made great profi from altcoins and they still continue to make good money from altcoins investment. Sometimes, it is worrying seeing new projects popping up each day and most without any real world application but several others, whether new or old have great projects and add great value to the crypto world.
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
March 20, 2019, 05:29:12 PM
Some coins are really useless. I thought that they were created only to enrich the developers. These are empty and unnecessary projects. We must choose more reliable and promising projects for investment.
Useless coins are created by developers for scamming purpose somehow. At the end all of them is refusing to list on exchanges and this goes forever.
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