Topic: Are altcoins useless? - page 45. (Read 21982 times)

Many altcoins are useless. But this does not mean that all Altcoins are useless. Many coins can be used as a cryptocurrency. It all depends on how the teams of these projects will be able to legalize their altcoins for payments. Also, some altcoins are used on their platforms as payment for services. But while such altcoins are not used, as there is no customer base for projects.

Very soon investors will finally understand that there is much more potential in coins that can offer up to 100 tausend TPS and this will become reality in the nearest future and hopefully investment will switch into altcoins.

Nice post I must say. Now my opinion is this, many altcoins will showcase wonderful use cases on white paper, but after ICO, the team relaxes. If there was an MVP , developing a working product takes ages or never happens. Even if there is a product, utilizing and adopting it in real life becomes a problem. Let's take for instance, if asked what's the use case of BAT connected to brave browser what will be your reply? Knowing fully well that brave browser is their core product. In essence, I think regulations should come, enough of some crappie projects with no use cases.

Useless or not it depends on the demand of market themself but indeed only popular altcoins which offering good features such as Eth can survive and admitted or not more than 90% from the current altcoins are useless and lack of interest and i have to says most people who invested on altcoins only thinking about the future profit but they were never thinking about the technology behind it that's why sometimes if there is altcoins which dumping eventually people will leave it because it aren't profitable anymore

Altcoins all the same has value despite the fact that today all the same there are real opportunities. It seems to me that today people need to understand the value of cryptocurrencies and investing should now show an increase in size.

They are more useful than we'll think, but the most useful part of altcoins is that it's the only way to earn your self bitcoin and ethereum in large quantities. I hardly believe people can own a lot of bitcoin and ethereum if not through investing in altcoins and trading them for bitcoin.

They can not solve any problems. Cryptocurrency is not even recognized and widely used around the world, so those projects will never be successful and solve the problem as described in the whitepaper.

Well, yes, regulation is needed so that there are 900 unnecessary out of 100 necessary altcoins. Or less, as a lot of official still needed anyway. But as for Bitcoin, they are not always dependent on him, and now it can be seen from the repeated pampas despite the stability of the first.

everyone who is in this market is already waiting for the regulation of this industry)    before this year nobody wanted regulation, and now everyone is just asking for it.

There are few projects out there whose tokens are serving some very vital purposes but I will agree with you that for every useful coin, there are ten other useless (basically shit coins) out there and it will take some regulation to erase this anomaly

This is another instance where the low liquidity levels are affecting the psychology of crypto-enthusiasts.  That and considering the percentage of people who own crypto is in the low single digits, well....

Put another way, knowing how all the altcoins ride on bitcoin's tail, then why not create a strategy of collecting and holding as many and as much crypto as you can?  The controllers have not managed to kill off Bitcoin despite their best efforts.  Since then, they've decided to co-opt the crypto markets to control them/drive them into the ground - to protect their precious dollar rackets.  When their dollar mechanism has run out of steam, suddenly you will see govs and corps launch unlimited budget advertising campaigns to promote their own bug-ridden spyware cryptocurrencies, claiming everything else out there is dangerous and illegal.

With so few people owning right now, when the masses start trickling into crypto, discussions like this will be ancient history in short order.  When the balloon starts to inflate, you'll be glad you have a collection of over 300 coins and tokens.  It will be like a modern gold rush, but from the comfort of your own home.  Like so many other things in life, patience is key.  After all, we are talking potential generational wealth creation.  Even if you don't live long enough to see the dawn of the crypto age, would you want your family members to live their lives in even worse shape than we've all experienced up to now??  I don't.  I don't have faith in the world reserve currency either.  But, like everything else that appears on earth, humanity is once again fighting an uphill battle just to be treated as equals, which we all are.

Now they have become rich and are enjoying great thoughts while investors are losing money and hating them. They are scammers and I think they need to be punished by the law because they cheated a huge amount of money

You have missed my points. Without Bytecoin there would be no Monero. This is already a proof that altcoins are not useless.
You have to understand that evolution works for crypto in the same way as in the wild.
And the fact that certain coins are the most accepted, most used and so on doesn't make the others useless.

I partially agree with you. There too many altcoins now and not all of them are useful. Smart people try to develop their new coin, believe that it will solve some problem. But in fact, most of new ICOs are either failing or scam projects. Maybe there should be more strict regulations concerning ICO start-ups, then the losing projects will fail at the starting point.   

Sorry to say but I think yes.All other coins except Bitcoin,ETH,Monero,Doge are useless and dumb.I really couldn't get any help or profit from other coin.But this is not mean that I don't want that any other coin came to market.I want some great altcoin arrive at market but I don't know how they will co-operate with these top level coin of market.

By and large, yes, most of them are useless. The vast majority of scam projects. They simply used their coin, which the project does not always need, to collect investments. And now they hang out in the market dead weight.

Not all altcoins are useless, but i think within the total of a hundred of altcoins existing, almost 20% are useful. The rest arent that much famous, a scam or projects which have beed down because of lack of investors. Plus, only the top 20 altcoins are well known. The rest are just an accessory.

Everything depends on the coins themselves, but as a rule, if the project turned out to be interesting, then there is a demand for its product, therefore it is impossible to talk about all the coins like that!

There are many reasons why we have thousands of altcoins existing as of today and still counting, that is because they are created to compete with the service provided by a well known altcoins, claiming to have faster transactions, partnerships, used to scam an investors, etc. All cryptocurrencies next to bitcoin are called altcoins and they have different purposes. We need them to get more bitcoin in a faster way by means of trading or holding. Some altcoins also offer better service than bitcoin.

Until now, I cant find a real product from any project which conducted a tokensale or ICO. Altcoins on the market are full of speculation and uncertainty. Seems like people are struggle to implement blockchain with a businessman or maybe it's just me can't find anything or maybe project with real product are just less transparency.