Topic: Are altcoins useless? - page 33. (Read 21994 times)
There is no doubts that most projects have no real world value and may bot survive but that does not render all altcoins useless. There are several good ones which are doing well in terms of their value and its usage.
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.
Many projects of course do not have that product which could be used by people , but I think 5 percent of all coins do have a good product!
Actually, altcoin are not that useless, they are some altcoin that also have user value apart from Bitcoin, Ethereum and the menero you mentioned above, some token/coin are used for trading on exchanges and some exchange also got the token to use to pay for trading fee on the exchange and some other things
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.
The worst thing is if they later to decide to only use the token for raising money and afterwards not even use it within their platform anymore.
yes, maybe not all altcoins are useful, but with the altcoin it shows that there are still many people who want to develop the crypto world, and we need this altcoin as an investment tool and take part in developing cryptocurrency.
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
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.
some altcoins are useless, but some are actually very useful.
Not all altcoins are bad and useless, some of them can already be used in several transactions.
and in the end according to the road map they had planned in the future the altcoin would be useful.
Not all altcoins are bad and useless, some of them can already be used in several transactions.
and in the end according to the road map they had planned in the future the altcoin would be useful.
I think the Altcoins are not useless. Many altcoins are used in different areas. And those used altcoins are not just Ethereum and Monero. Also Bitcoin is not enough for the whole crypto world. Because Bitcoin has not been created for use in all areas of the crypto world. That's why the crypto world needs altcoins. Maybe now, the market has more altcoins than it needs. But in the years to come, I think these dysfunctional altcoins will die. And I believe that in the future, altcoins with a good purpose and vision will be as valuable as Bitcoin.
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?
If you are calling atlcoins USELESS then you are a very close-minded person. You don't see the potential of other coins out there as you only see bitcoin, ethereum and monero. Note that because of altcoins, investors were attracted and brought the crazy price of the market. There are actually a lot of altcoins out there that are not tied to bitcoin, ethereum or monero just like BNB. BNB or the Binance utility token is mostly bought because they offer benefits into the exchange. Other altcoins out there have their own purpose and agenda so don't say it's useless.
it remains useful until whenever because altcoin is also important for all of us to look for income other than bitcoin, so altcoin and bitcoin will always be useful at all times while the two coins still promise results even though there are many new useless altcoins
Mos alt are useless unless they have some good use in blockchain mostly we can see all of them at top100 on CmC but we can still see a good alts that still not getting refine with some good ideas by the devs and if you find it before the price go high surely you found a gold.
Most of the Altcoins are really useless, both from a technological and investment point of view. For normal operation, the market does not need such a large number of coins.
Altcoins is useless if the it's not potential and you cannot use it to other like purchasing coin or anything like payment. There is a lot of coins who are useless and I think thousands of them. But the coin who are really useful and potential is only hundred pieces of he altcoind is not useless and you can use it in different way and also you will get a lot of money to them after few years.
Most of the Altcoins are really useless, both from a technological and investment point of view. For normal operation, the market does not need such a large number of coins.
for me altcoin is actually useful for many people with altcoin many people can buy coins at a cheap price but can get good quality and altcoin is also good for long and short term investment imagine if there is no altcoin there might be many people who will have difficulty buying cheap coin so the altcoin is actually useful.
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.
It is difficult to say for all the projects that are currently on the market. But I think that there are so many chances to still have real opportunities to evaluate and come to the conclusion that many projects are simply terrible and useless.
Every coin in the coinmarketcap or the market is the best coin you can buy because all coins will increase although we don't know how higher the price can go. But it depends on how much money you have and make sure that before you buy any coins, you should analyze and decide to buy a cheap coin or expensive coins so you can directly buy the coins.
As the Blockchain technology evolved, we have countless options in the cryptocurrency list to invest.
Different people will invest in different cryptocurrency.
Before thinking of investing any cryptocurrency, it is important to understand their features and potential in the long turn. In my opinion, the best cryptocurrencies to invest in 2019 other than Bitcoin and Ethereum are Zcash, Dash, Neo, Cardano, Tron etc.
And don't forget to not buy the coin with all in of your money because you need to have free money in your balance to prevent if there are any down for the price so you can buy more the coin.
As the Blockchain technology evolved, we have countless options in the cryptocurrency list to invest.
Different people will invest in different cryptocurrency.
Before thinking of investing any cryptocurrency, it is important to understand their features and potential in the long turn. In my opinion, the best cryptocurrencies to invest in 2019 other than Bitcoin and Ethereum are Zcash, Dash, Neo, Cardano, Tron etc.
And don't forget to not buy the coin with all in of your money because you need to have free money in your balance to prevent if there are any down for the price so you can buy more the coin.
Not all altcoins are useless, in fact, there are more profitable altcoins than bitcoin. Some investors make more profit with altcoins because of its good potential in the market. Unlike bitcoin, bitcoin has a slow movement but at least it is also now pumping slowly. There are some actions that become shitcoins because the project of their ICO is not successful sometimes there are some scams ICO's.
Altcoin movement more attractive than bitcoin. In one day, sometimes altcoin price move more than 100%. Crypto is not about bitcoin and i am believe many good altcoin have good prospect in the future. With good development and more marketing, altcoin is good and potential investment
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