Are altcoins useless? - page 39. | Bitcointalksearch.org

fuer44

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Quote from: joeperry on February 12, 2019, 07:35:16 AM

It depends. Some projects needed coins in order to work for example is a utility token but that token can be used in order to use the service of a certain project. The thing is that the altcoin itself are not the useless but the 1000+ projects people are not buying the tokens because they don't know where they're going to use it.

All of this thoughts are according to my own opinion and experience here in the cryptocurrency industry.

this makes more sense, most people don't buy because they don't know what the coin or token is used for? whereas so far, these coins / tokens have only been traded in their own markets.

labenea

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I don't think it is complete if there are bitcoins but there are no altcoins, they are one scope and certainly very needed. altcoin is a second investment alternative because it is easy to access and also the price is relatively cheap. so I think that altcoin is still needed anyway and there will always be for those who are decent and truly able to survive in the market.

Jamalzzz

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If Bitcoin can pump again as it did in 2017. Of course, more coins will be useful and can compete well. The useless Altcoin certainly has difficulty finding investors. but you also have to help the development of Altcoin by continuing to invest.

iged_war

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Quote from: torrantz on March 16, 2019, 06:32:05 PM

Quote from: kingpin4321 on March 16, 2019, 02:37:45 PM

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

XRP, even Ethereum are altcoins too and i guess that there were no differences between ethereum and any other altcoin. there was a bunch of altcoins that created a proper developer and they are still continuing the development progress and that's all. A lot of people must do a lot of research before say something about that.

new altcoin now really useless.current projects really different with pass projects,most of developers team now has now qualification as cryptocurrency project developers.their background and skill are qualified.

Yamifoud

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It only came into useless if it serve nothing to contribute in crypto space especially when it is just a duplicate for the other coins. Even a utility coins still can be into the subject of nothing helping into the community if it is not accepted in the other place.
Now, I'm currently holding a numbers of altcoins but only those coins that I've seeing potentials in the future.

torrantz

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Quote from: kingpin4321 on March 16, 2019, 02:37:45 PM

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

XRP, even Ethereum are altcoins too and i guess that there were no differences between ethereum and any other altcoin. there was a bunch of altcoins that created a proper developer and they are still continuing the development progress and that's all. A lot of people must do a lot of research before say something about that.

Invigorated

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Though there has been a public outcry for the introduction and usage of altcoins, making it look as if there are no other people hopin in the use of SCRs.

fianaindriati

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Quote from: gelli on March 16, 2019, 03:31:30 PM

Quote from: Emmy92 on March 16, 2019, 02:46:30 PM

First not all altcoins are useless as there are good altcoins there in the market. Secondly, yes we need altcoins as each (that is, only those with good use case) have something to offer, and these are the ones we need in addition to Bitcoin to disrupt this current era.

Of course altcoins on the market too much, but many of them in recent years have grown into a noteworthy project, and some will soon be fighting for the top lines, the development does not stand still and such a struggle is useful

the current altcoin condition is certainly different from the altcoin condition. because many altcoins are currently experiencing scams. although many are scam but I still believe that the altcoin conditions are still good at the moment so I will still survive and believe that the altcoin will overcome this problem.

Danda23

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Well I think altcoinS are not useless, there are also good Altcoins out there with good potential and use case, because they don't come top on the list for coinmarketcap doesn't mean there are useless, also some of them when traded can give good result.

Chachacoin17

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Quote from: mrdeposit on March 16, 2019, 02:51:20 PM

Quote from: kingpin4321 on March 16, 2019, 02:37:45 PM

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

As amatter of fact, there are hundreds of currencies that are more potential than LTC and ETH.
Most of the altcoins in the market are useless, but there are hundreds of money to make our future easier and we can not ignore them.

Indeed, most altcoins that doesn't have good community adoption wasn't having a price value and if traded at the market price was too cheap with smaller volume. There were selected alts with profitable price, but still struggling to compete due to market bearish period. Potentially, when market demand will again turned back to normal activity like the previous days we ween more pumps rather than dumps; those useless alts might have hope to gain much higher price value.

crzy

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Quote from: kingpin4321 on March 16, 2019, 02:37:45 PM

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

There are coins that are more active than btc and eth so for me altcoins are not useless because they have their own way to provide good services to the investors and this is why most of the altcoins are in a good position. Its a useless altcoins if its a shitcoins.

beehimneff

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Of course we don't need as many altcoins as there are on the market now. All these coins are created for only one purpose - to earn money and nothing more. I think that really useful and necessary coins at best will be about 100, but even this number can be unlikely. Grin

rozak

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I think more altcoins are useful and profit in a short and long time it all depends on us choosing the altcoin it's better to check in detail before buying an altcoin

gelli

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Quote from: Emmy92 on March 16, 2019, 02:46:30 PM

First not all altcoins are useless as there are good altcoins there in the market. Secondly, yes we need altcoins as each (that is, only those with good use case) have something to offer, and these are the ones we need in addition to Bitcoin to disrupt this current era.

Of course altcoins on the market too much, but many of them in recent years have grown into a noteworthy project, and some will soon be fighting for the top lines, the development does not stand still and such a struggle is useful

mrdeposit

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Quote from: kingpin4321 on March 16, 2019, 02:37:45 PM

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

As amatter of fact, there are hundreds of currencies that are more potential than LTC and ETH.
Most of the altcoins in the market are useless, but there are hundreds of money to make our future easier and we can not ignore them.

Emmy92

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First not all altcoins are useless as there are good altcoins there in the market. Secondly, yes we need altcoins as each (that is, only those with good use case) have something to offer, and these are the ones we need in addition to Bitcoin to disrupt this current era.

Sanford

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Quote from: mosprognoz on February 12, 2019, 06:51:49 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?

Yes, I think that tracking any translations is not so difficult. Because almost all of them have open access. As soon as the cryptocurrency becomes more decentralized and prices are tracked, prices increase. Because people commit illegal transactions and hide millions of dollars in this system.

premiumproductss

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Some of them are really useless - utility tokens.
Some of them become useless when there will be a winner of a competition. For example smart contract competition between Ethereum, EOS, Tron, Cardano or QuarkChain.

kingpin4321

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I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

LUCKMCFLY

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The altcoins will always be useful, the reasons are many, from the point of view of a normal person, who does not know anything about the market, they will see it as a long-term investment, they will become infected with the emotion that they have virtual money saved that in Some time they will have a good value.

From the point of view of an Investor, they know that in the long term they will have good benefits, as soon as the market recovers and enters an upward trend.

And as a speculator sees it, it is simply, when the market goes down, the altcoins go down, which can take advantage of the fall to win, if the bitcoin rises, the reaction of the altcoin is to lower, which can be expected to correct bitcoin, to buy altcoin, at that moment is when the altcoin rises in price and can make profits. The big speculators know those obligatory movements to make trading correctly, and that means they understand the market.

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