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Topic: Are altcoins useless? - page 8. (Read 21993 times)

copper member
Activity: 493
Merit: 13
June 06, 2019, 04:07:51 PM
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?


Most altcoins are useless theres no arguing it.. but you can't say all alternative currencies are useless... theres usdt, eth, maker, stellar, and so many other useful alts out thers
member
Activity: 728
Merit: 10
June 06, 2019, 03:57:31 PM
The role of altcoins is significant. Altcoins, as an alternative to Bitcoin cryptocurrency and an integral part of the crypto market, have useful properties for improving the decentralization process of cryptocurrencies.
full member
Activity: 720
Merit: 103
June 06, 2019, 03:34:36 PM
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?


The fact is that any coin has its own distinctive functions.Based on this, any of them can be used for different needs.Perhaps some Altcoins are not used massively, but this until. Now, the main development of cryptocurrency is in progress. 1 or 2 cryptocurrencies will not be enough.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
June 06, 2019, 02:57:57 PM
I think altcoin is always useful because some altcoins are able to provide up to many surprises in a short process all depends on our skills how to invest in altcoins that have future prospects
jr. member
Activity: 168
Merit: 2
Bcnex - The Ultimate Blockchain Trading Platform
June 06, 2019, 02:49:23 PM
Most altcoins on the market are of course useless, but there are also useful, working and actual altcoins that develop the cryptocurrency
full member
Activity: 481
Merit: 102
June 06, 2019, 01:57:42 PM
altcoin they are useless at least not all who bring very good profits such as ethereum This is a very beautiful coin that deserves your attention and investment.

yeah but not only ethereum mate
because a lot of great altcoins in the market now, thats can increase our portofolio
maybe eos can be one of them  Wink
totally agree with you do not need to dwell only on ethereum There are many other coins about which you probably can not even guess but they really exist and make a profit
sr. member
Activity: 994
Merit: 250
BabelFish - FISH Token Sale at Sovryn
June 06, 2019, 01:54:38 PM
altcoin they are useless at least not all who bring very good profits such as ethereum This is a very beautiful coin that deserves your attention and investment.

yeah but not only ethereum mate
because a lot of great altcoins in the market now, thats can increase our portofolio
maybe eos can be one of them  Wink
sr. member
Activity: 406
Merit: 250
June 06, 2019, 01:39:10 PM
altcoin they are useless at least not all who bring very good profits such as ethereum This is a very beautiful coin that deserves your attention and investment.
full member
Activity: 994
Merit: 100
June 06, 2019, 01:36:56 PM
Not every altcoin is useless. Even though many people use them just for speculation and making some profit from nothing
maybe most of the altcoins are currently considered useless because there is a decline in prices. people see altcoin as an advantage and nowadays many shitcoin are still in the market.
it can be like that or it can because they don't have the product and team only promises but doesn't keep it. there may be many other reasons that make the altcoin even more useless
hero member
Activity: 1078
Merit: 501
June 06, 2019, 01:20:26 PM
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?

the mass of altcoins is really bad. it makes for outsiders an unmanageable picture and even if
you read regularly news and the forum it is not possible to stay up to date. there are also a few beads but the majority is unfortunately a rivet Roll Eyes
No mate not so much  are useless if you will spend more time in market you will find every coin is useful but it only takes time for the price to be higher, I think now is the best time to see in the market you will see some coins at low price but actually they are future makers like bitcoin, eth and Ripple are the coins which is has highest potential in the market.
sr. member
Activity: 742
Merit: 250
June 06, 2019, 12:33:44 PM
Most of them sadly but if you are holding any altcoin that falls within the first 20 altcoins according to Coinmarketcap then it ain't useless. Cryptocurrencies like ETH, BNB, XRP, XLM, LTC, etc. are all good cryptocurrencies to be found in your portfolio. Most of the altcoins that are useless are the ICO cryptocurrencies that have been generated yet without any proper use case to regulate its price.

Not only does altcoin in the top 20, many other altcoin contribute to the popular crypto as it is today. I think every project goes in their direction, but it also helps crypto grow
newbie
Activity: 32
Merit: 0
June 06, 2019, 12:04:07 PM
Close to and big, exactly, nearly of them are vain. The huge more than half of bunco projections. They just victimized their currency, which the propose does not always require, to bring assets. And instantly they suspend away in the marketplace defunct weighting.
full member
Activity: 1064
Merit: 166
June 06, 2019, 11:56:30 AM
All those that are presenting themself as a revolution in any kind of field they are in the end useless. There are few exceptions, just look at the top 5 coins in coinmarketcap  Cool
copper member
Activity: 299
Merit: 1
June 06, 2019, 11:56:23 AM
When I see this question I think of anything that has to do with altcoins which includes ethereum, litecoin, ripple, eos, Binance coin eth. Which we know are not useless as depending your question. So the answer to your question is no they are not
newbie
Activity: 36
Merit: 0
June 06, 2019, 11:51:38 AM
This is the just cure we buoy achieve to hold keeping our money representing the following growing marketplace motion. Marketing it now desire not be a great choice on the other hand whether you desire lay out on bitcoin and ethereum this desire thing nearly in the following dogshit time.
sr. member
Activity: 1610
Merit: 372
June 06, 2019, 05:32:18 AM
Lots of altcoins on the market and all of these altcoins are not used. Only certain altcoins are used actively on the market. Only altcoins are potential and can survive in a market that can last long on the market. Maybe only about the top 100 altcoins really have a good and useful future. Many altcoins are only on the market as garbage. Altcoin which is useless in this market is very difficult to compete with other potential coins and will only make the market more shit coin. I myself feel the real benefits of only a few coins. I have a lot of coins but it doesn't really have any real benefits

Perhaps this is the main reason why most altcoins are useless trash spoiling the reputation of crypto currencies. In my opinion, we have such a situation only because this market is still young and not fully formed.
full member
Activity: 714
Merit: 100
June 05, 2019, 09:11:20 PM
Not every altcoin is useless. Even though many people use them just for speculation and making some profit from nothing
maybe most of the altcoins are currently considered useless because there is a decline in prices. people see altcoin as an advantage and nowadays many shitcoin are still in the market.
I think the price decline and the increase in prices are naturally different from the decline every day. Maybe altcoin that is said to be useless is like an altcoin that many people cannot use. With that, a price decline will occur because people don't use it much.
sr. member
Activity: 854
Merit: 251
June 05, 2019, 09:04:00 PM
Not every altcoin is useless. Even though many people use them just for speculation and making some profit from nothing
maybe most of the altcoins are currently considered useless because there is a decline in prices. people see altcoin as an advantage and nowadays many shitcoin are still in the market.
hero member
Activity: 1218
Merit: 500
June 05, 2019, 08:23:53 PM
Not every altcoin is useless. Even though many people use them just for speculation and making some profit from nothing
jr. member
Activity: 300
Merit: 5
June 05, 2019, 07:59:37 PM
I don't think so at all.. I am just waiting for those interoperability platforms to get going so that we will be able to exchange across Smiley
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