Are altcoins useless? - page 35. | Bitcointalksearch.org

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: Jungleman88 on March 16, 2019, 09:42:27 AM

No many alt coins are good, of course there of a lot of rubbish ones but if you invest in a top 10 alt coins then you should be OK.

Most people here trust these first, top-10 altcoins. However, there are many other cool projects that can also give you a lot of profits. Take, for instance, Waves, OmiseGO, Ontology. I am ready to buy more of these alts.

zauna35

sr. member

Activity: 812

Merit: 287

Of course we need them, how can we do without them? Yes, the majority is not anyone needs coins, but some still belong to projects that they are still working on, implement their ideas and promote their coins as they are an integral part of working platforms and means of payment for them.

kidoseagle0312

hero member

Activity: 1092

Merit: 500

Quote from: mosprognoz on February 12, 2019, 11:51:49 AM

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 don't exactly get what you're trying to emphasize dude, just all I understood was on your topic in the above on which is are altcoins useless?
Of course, is not useless instead it is very useful at the moment. Don't you know that through altcoins most of the traders got their profit in it including myself. Therefore, in that way it is very helpful to anyone here.

masbimz

member

Activity: 151

Merit: 10

If I think it's useful because the altcoin is what is needed by bitcoin players, but there are only altcoins that are useless, and if there are token holders then we are shareholders, I hope the altcoin is a little better so the changes are very different and so the market is more how much the price is

whotookmycrypto

full member

Activity: 168

Merit: 214

WhoTookMyCrypto.com

Most of them are just some minor iterations over other projects. As such, most are indeed useless. Wait til the real crypto-apocalypse comes. It would wipe out most projects.

Looking at the pace of adoption today, you wouldn't think more than a few coins would be necessary? Let alone 1000s?

kristensoto

full member

Activity: 490

Merit: 100

There are so many altcoins in this market and not all of them are really useful, just a few of them can survive until today, and we rarely hear anything about new altcoins can be used for our daily life, they are used just only to pumps and dumps for other altcoins, so unless an altcoins has already been in top altcoins, they are useless to investors.

MyCryptoMint

newbie

Activity: 40

Merit: 0

Quote from: mosprognoz on February 12, 2019, 11:51:49 AM

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?

Having ALTcoin are freedom , every community are encourage to have their own altcoin if that whats interest their community , i dont think its useless, unless you are just sour at missing out the opportunity .

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

Your question is way to general to receive a specific answer. Which altcoins are you referring to? All altcoins?

There are completely useless altcoins as there are very good alts, with real utility (see ETH), as well.

Akagum

copper member

Activity: 168

Merit: 1

SIGMA by HYDRA X

Prior to the market surge of 2017 most altcoins seem to be doing perfectly well in the market until the bearish market of 2018, which saw many supposedly good altcoins gasping for breath.
It goes to show that most altcoins are useless when placed against their usecases to the blockchain development.
The good ones are standing strong in the market .

ansarose1

member

Activity: 784

Merit: 10

I think this depends upon the success of the project. If the project has the capability of success and is a very good outcome, i think its coin would be a good quality coin unlike other coin that is only going to be a dump priced coin or low valued coin. For me, the useless altcoins are coins that has no value even if it takes about year and still no price at the market, this makes only altcoins degrade its reputation.

sempak

hero member

Activity: 1638

Merit: 505

Quote from: steveabrahams on March 18, 2019, 12:05:08 PM

No they aren't useless and of course people also use altcoins and we need altcoins too. If altcoins is useless then why people still do trading with altcoins. I know there are some useless coins but not all of them are useless.

Market growth is also influenced by altcoins, it is true that trading provides good enough for market volume and also we cannot understand that altcoin is bad or useless

leetcoiner

sr. member

Activity: 1056

Merit: 251

Quote from: Argoo on March 19, 2019, 05:12:28 AM

I do not consider altcoins useless. Altcoins are the entire cryptocurrency with the exception of Bitcoin. Now it is the Altcoins that are developing well and are able to give good practical results and be useful to people. However, in order for their projects to be divorced, a certain time is necessary, most often several years. Therefore, no need to rush to conclusions. Altcoins still show themselves
They are the future of cryptocurrency.

I agree, Altcoins are the driving force of the entire cryptovalic market, they are very necessary for the Bitcoin ecosystem. I believe that the Altcoins will grow in price.

Argoo

full member

Activity: 2352

Merit: 245

I do not consider altcoins useless. Altcoins are the entire cryptocurrency with the exception of Bitcoin. Now it is the Altcoins that are developing well and are able to give good practical results and be useful to people. However, in order for their projects to be divorced, a certain time is necessary, most often several years. Therefore, no need to rush to conclusions. Altcoins still show themselves
They are the future of cryptocurrency.

Mata Kripto

jr. member

Activity: 175

Merit: 1

guestcrew.com

Quote from: steveabrahams on March 18, 2019, 12:05:08 PM

No they aren't useless and of course people also use altcoins and we need altcoins too. If altcoins is useless then why people still do trading with altcoins. I know there are some useless coins but not all of them are useless.

I agree with your opinion that altcoin is not all useless, altcoin will always be needed for its users, even now there are many who make investments and trade with altcoins. of course this suggests that altcoin is very useful and also needed. with the terms altcoin that really has good development and not just any altcoin.

m0Ray

sr. member

Activity: 868

Merit: 251

I'm not sure that people need cryptocurrency. People need blockchain technology. A cryptocurrency is a resource for the development of various areas of blockchain development. Since people are very greedy they do not want to develop this industry and therefore use cryptocurrency for speculative purposes. As well as investors continue to invest in an unpromising product called bitcoin.

pics4crypto

full member

Activity: 491

Merit: 100

Quote from: logisticalmother on March 18, 2019, 12:15:21 PM

some altcoins are in my opinion still usable, and are still feasible to be used by many people at this time the prices are starting to increase little by little but, surely they can reach the peak maybe the useless altcoin is an altcoin created by developers running out of capital develop it.

I also think that in the cryptocurrency market now you can find many promising coins for investing and getting good dividends.

Wyndesam

member

Activity: 392

Merit: 10

Quote from: steveabrahams on March 18, 2019, 12:05:08 PM

No they aren't useless and of course people also use altcoins and we need altcoins too. If altcoins is useless then why people still do trading with altcoins. I know there are some useless coins but not all of them are useless.

In most cases, all the altcoins we do not need , due to the fact that the product is simply not working , I think only we use the real 2 products in the cryptocurrency is a blockchain from bitcoin and a platform for ICO from Ethereum

logisticalmother

member

Activity: 299

Merit: 10

some altcoins are in my opinion still usable, and are still feasible to be used by many people at this time the prices are starting to increase little by little but, surely they can reach the peak maybe the useless altcoin is an altcoin created by developers running out of capital develop it.

steveabrahams

sr. member

Activity: 1050

Merit: 254

No they aren't useless and of course people also use altcoins and we need altcoins too. If altcoins is useless then why people still do trading with altcoins. I know there are some useless coins but not all of them are useless.

dadandandadan

member

Activity: 86

Merit: 10

Quote from: mosprognoz on February 12, 2019, 11:51:49 AM

: Do we really need altcoins? Or Bitcoin, Ethereum and Monero are enough for crypto comunity this days?

You just can't rely on bitcoin alone. You need some alternative for bitcoin because you don't know what will happen in the future. So you need to atleast invest on three top recommended altcoins.

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