Topic: Are altcoins useless? - page 34. (Read 21971 times)
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.
There are altcoins that are useful for everyday life and some are not useful for payments. Of course each altcoin has different functions for what. But of all altcoins, of course they have the potential of each community to be traded in the market. So if for payment or other things in real life, of course not all altcoins are useful.
Until now Altcoin is very useful and this Altcoin gives a different color. I am lucky now because I have several Altcoins whose values are increasing. Altcoin prices are also influenced by the growth of Bitcoin, so the existence of Altcoin increases competition better.
I think this depends on the products produced by the altcoin. we know that there are so many altcoins at the moment, and we know that each altcoin has a different product and target. it can only be assessed when we see the benefits of the altcoin product really help or are not needed.
Until now Altcoin is very useful and this Altcoin gives a different color. I am lucky now because I have several Altcoins whose values are increasing. Altcoin prices are also influenced by the growth of Bitcoin, so the existence of Altcoin increases competition better.
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Are altcoins useless?
no, usefull for me, when got altcoin from my brother, i change into bitcoin asap.
It depends. Well, if you ask about the use of the altcoin, altcoin would have no uses rather than trading it.
I don't know the altcoins you invested into but i do agree most altcoins are actually worthless today because of the bear season the crypto market has fallen into. Among all these circumstances there are other altcoins like BNB, ETH, XRP and if you are looking to invest into any of these coins i think it is a good choice of investment platform.
Most of altcoins today exist in coinmarketcap approximately 70-80% are useless, but you are wrong that only 3 coins were used in transactions, there are many other coins which were used as daily transactions for their individual purposes, one have to chose very cautious on those coins to invest upon.
Useless means there is no value for the currency but there are lots of altcoin will be in a good state right now so we can trust some of them for our future we cannot 100% say it will not be valuable for the future but there are some of the good investment are also been here for our future generation to build a good life.
I own now avoid short-term investments and investments with a very long period of time. I choose see the market right now, with the market now I don't expect too much, when I've got an advantage then I guess that's enough. 
In my opinion, some altcoins or maybe tokens are useless because the product of its company isnt ready yet and the value on the market are just speculative. It's last until the product is ready to use and people start using it as utility on their platfroms and then it will be useful.
Useless means there is no value for the currency but there are lots of altcoin will be in a good state right now so we can trust some of them for our future we cannot 100% say it will not be valuable for the future but there are some of the good investment are also been here for our future generation to build a good life.
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?
Although many altcoins created for speculation purposes, we just need to avoid using them.They will die eventually, and become not worth anymore in the market.
We need altcoins, but not all of the existing altcoins. Just using the altcoins that have a real function.
The statement is too general. Yes, some altcoins are useless while others are not. This question won't lead the discussion anywhere. You should specify which altcoins you want to talk about.
No altcoins are not useless. Only the coins are useless which do not do anything to implement what they are established for. Only the coins are useless which cannot compete in the competitive market. According to reports, almost 60 percent of altcoins have been disappeared due to their failure to compete in the market. and I think many of the existing coins will be replaced for their failure to compete. But good and promising coins have future.
The question you asked is beyond that but in short I think i can say no to your to your question. There are more then 1000 altcoins in crypto market alot are improving and many are losing it volume because many altcoins not not having good projects, someone can sit somewhere and create his own token he then give them away and it is been listed in an exchange and people will start trading but any good investor will cross check the project before he invest in it and when this altcoin under this project is seem to be not true project the investor will not choose to invest in it. That particular project token holders also will then dump them and go away and that will be the end of it.
Altcoins is not useless in fact altcoin is an amazing coin that really give a huge return on its investors. I believe that altcoin will soon rise when the bull run begin. Maybe altcoins really wait for the market to rise because I believe that altcoin really depends on the crypto market or bitcoin market price because it is also affected on a very huge dip.
It depends on the altcoins, some of them are useless while many of them are useful. We shouldn't forget that altcoins is the basis of continuous innovations in the industry and by creating them, many developers are letting us to see the potentials of blockchain technology in real life applications
It's still a coin to coin basis, some are not being used as a peer to peer payment, but only used on sites or programs that these ICO are offering, some represents a particular company or exchange and they only used their issued token to access their service.
If you look more deeply into altcoins you will see that everyday altcoins are created and everyday new competitors come to the market. Project like Ziliqa or Quarkchain are pretty new, but they can easily overbeat Ethereum and Tron. So, investing into altcoins mean a risk that your coin will be replaced by new and better one, oneday..
I believe that you need those Altcoins who provide a completely new technology. Who have a real use and not just for show.
I believe that you need to revisit your lessons of Altcoin and uses again. See couple of decades ago, the total worth of digital market was equivalent to nothing and right now it has I think surpassed about three trillion dollar. Owning altcoin like ETH and ripple can really give you an opportunity to make use of the immense advantages that you otherwise would not avail. Jump to: