Are altcoins useless? - page 47. | Bitcointalksearch.org

bit-freedom

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Out of the 1000s altcoins, there are quite a number with use case. So, I don’t think all altcoins are useless actually.

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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.

I do think it is worth buying altcoins. Most of the better altcoins dipped hundred to thousand % from the ATH, whereas Bitcoin dipped around 80%. I believe when market recover, the altcoins will be pumping harder.

StatesManG

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Alternate coins are not useless or should I say not all alternate coins are useless. Truth is that many of this altcoins will die off possible because of no real use of them.

Svelto

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IMO, I don’t think all altcoin are useless. These altcoin are developed for a purpose and each of them has their community and users. And I agree to the point that some people use the altcoin for the purpose of speculation, however this is something similar to forex. Some people use fiat currency for spending and some people trade fiat.

juchin

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The main function of almost whole Altcoins now is just holding to earning profit but in the future, when the cryptocurreny market more grow, the applicability of Altcoin will be shown

andeluna

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No, I don't see altcoins as useless. There are many opportunities in altcoins even if the market is not recovering yet, only if you have the knowledge and idea on how you will make altcoins useful. Alts can be used in many ways and earn good profit.

AtlantaFive

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Some of the altcoins maybe useless buy you need to study well before you invest your money. There are a lot of altcoins that will gain popularity in terms of usage by the people. I think there are a lot of undervalued altcoins but there's nothing wrong if you put money on it as long as you study it. Who knows when you invest 100$ than turns in to 1k or 10k$. Just dig in more information of the altcoin that you want to invest.

Nggedebus

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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?

I think you were right, there are too many altcoins created in this crypto space. and most of them are just useless altcoins.
And also there are many that are creating those scams altcoins deceiving many people/investors, making them loosing their trust on cryptocurrency.
I hope in the future, the condition would be better where all crypto are trusted and fully usable for any need.

hoangkieu

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Don't just look at garbage coins and suppose that whole Altcoins are useless. Cryptocurrency needs more time to form applicability environment. Let's wait

antsam

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I think there needs to be a correction now that many ICO projects are running on the EOS and Tron platforms. The market mechanism will then answer that question, because in fact the top 3 are Bitcoin, Etherum and Ripple. Every coin and token offers attractive functions so that they attract or benefit investors

coinluisa

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Altcoins is not useless because Altcoins have great contribute in crypto so before you said that altcoin is useless you should give some proof. Yes, we know that some coins can't survive especially bear market but it doesn't mean that Altcoins is useless.

Matthewmorris4

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Actually we don't really need them because they are still lack of function and many expect applications in the real world. Even Bitcoin itself only gets very little role in that, especially altcoins. It may be untimely or indeed it will never be something that is "needed"

Distinctin

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Quote from: rodel caling on February 12, 2019, 06:27:30 PM

Nope disagree what do you want to elaborate this for altcoins as useless coins, I would want to know people out there every altcoins have an usage especially in trading by doing of this they select different coins from the market for day to day transaction. With out altcoins i think bitcoin not become stronger.

Altcoins are contributing a lot into crypto space and it give us options what coins we wanted to used but as we know also that some of them were just nothing to give. Altcoins are created after bitcoin as to give support and that is some reasons why investors have encourage to be here just because fo altcoins were potentially profitable before but it change by now and only few of them will have such potentials.

Oasisman

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Quote from: nelson4lov on February 12, 2019, 05:57:44 PM

Of course not. Altcoins aren't useless. Although a significant amount of altcoins are complete cabbage, You will agree with me that there are still a handful of altcoins have have been useful to the cause ~ Create the digital economy. There are many altcoins that have made great progresses in a bid to get crypto out there to the mainstream world. I wouldn't mention names.. I just want to make it clear that Altcoins aren't entirely useless like most people and bitcoin maximalists would think.

I might say some are worthless and some arent, even though the team behind a company who created a specific altcoin aims to grow, and apparently fails, then we can call it as worthless since it doesnt give us anything in return.

tabas

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I'd like to have few crypto's in the market, this can maximize the potential of each coin. If its just bitcoin, Ethereum and monero it's a good choice IMO. But you just can't please everyone and as long as there's a competition and market, people will keep on creating altcoins to compete to the existing ones claiming that they are better.

lutfi-hasan

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I think Altcoin is very useful for making profits for those of us who trade in the Altcoin market, because Altcoin when the price is being pumped can result in multiple profits.

rodel caling

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Nope disagree what do you want to elaborate this for altcoins as useless coins, I would want to know people out there every altcoins have an usage especially in trading by doing of this they select different coins from the market for day to day transaction. With out altcoins i think bitcoin not become stronger.

ansi

sr. member

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Man, believe this or not, most of them are worthless & i won't be exagenerating if i say 95% of them are shit.
People should only invest in the best projects with team working their asses on it all along the year.

There is like 3 or 3 main blockchain worth the holding to be honest, the rest will vanish by the years to come.
Other alts & cryptos are the same way or even worse, if it doesn't solve a crypto issue as first duty, it won't solve real life issue for sure, that's why make your bag small with only the best that survived this bloody blood bath bearish market.

TastyChillySauce00

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Quote from: Tyoks on February 12, 2019, 05:51:18 PM

Quote from: pacman7331 on February 12, 2019, 05:38:35 PM

Most of the altcoins are useless, but not every! Some altcoins are leading the crypto market after Bitcoin. Crypto market have more than 2000 Altcoins active at this moment, but only 200-300 coins are active in trading, other coins have a very poor volume. Without altcoins, the crypto market won't able to reach to everyone. So, altcoins are not useless, dead, scam, fake, shit altcoins are useless.

don't make statements that aren't good for altcoins, maybe you don't feel the benefits of altcoin? so said that altcoin is useless.
Although active altcoins are smaller than those who aren't active, altcoin can provide big benefits. without altcoin, it might be difficult to invest in bitcoin, it speaks for hunters who can only get by following the capital bounty campaign to buy bitcoin by following the bounty.

There is also altcoin with real functionality for digital services or goods. Examples are storj and sia. I really like the concept of decentralizing cloud storage. Also cloud storage is something that we will need in the future when IoT hits.

nelson4lov

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Of course not. Altcoins aren't useless. Although a significant amount of altcoins are complete cabbage, You will agree with me that there are still a handful of altcoins have have been useful to the cause ~ Create the digital economy. There are many altcoins that have made great progresses in a bid to get crypto out there to the mainstream world. I wouldn't mention names.. I just want to make it clear that Altcoins aren't entirely useless like most people and bitcoin maximalists would think.

Tyoks

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Quote from: pacman7331 on February 12, 2019, 05:38:35 PM

Most of the altcoins are useless, but not every! Some altcoins are leading the crypto market after Bitcoin. Crypto market have more than 2000 Altcoins active at this moment, but only 200-300 coins are active in trading, other coins have a very poor volume. Without altcoins, the crypto market won't able to reach to everyone. So, altcoins are not useless, dead, scam, fake, shit altcoins are useless.

don't make statements that aren't good for altcoins, maybe you don't feel the benefits of altcoin? so said that altcoin is useless.
Although active altcoins are smaller than those who aren't active, altcoin can provide big benefits. without altcoin, it might be difficult to invest in bitcoin, it speaks for hunters who can only get by following the capital bounty campaign to buy bitcoin by following the bounty.

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