Topic: Are there too many altcoins? - page 2. (Read 3091 times)

They build a new coin, get a quick profit and repeat I hope it will end

Same to be honest, I bought into a few of the altcoins, some of the newer ones that looked like they might have a possibility to grow. I took a chance with it and I got burned, I'm tired of rip offs of other coin I don't know anything about how that looks for btc image wise. I'd imagine with each new altcoin it has to not look favorably on BTC because of how many of them are failing.

I'm sick of it, I'm over it. I'll mine the important ones, but that's it.

I never understand why developer make new coins everyday. why not they just support old coins.

Coins are fun but if you look at the altcoins market from a serious perspective most will disapear before the next US presidential election

A gem is born.

https://bitcointalksearch.org/topic/na-554412

Here are so many coins missing. How many countries have no coins? Must be hundreds alone! We have black, white and lame single color coins only, they will all be abandoned when black&white-coin or gree-blue-orange-coin come out. Whe have summer coin only, spring autum and winter coin are missing, i cant find a a coin for every religion also. How can you even ask? We need more coins! A real blessing is that all the easy to use coin-generators are getting cheaper and more every day!

The more altcoins the more chances to make some $$$v

There are new altcoins everyday and most die within 3months

Very agree with you, I think that too much altcoin will be heavily diluted pool of funds, and there is massive fraud, a serious blow to the enthusiasm of investors.
Of course, I mean there is altcoin that is no any innovation.

High yield of things, everyone will go to do. So the crooks had an opportunity

I just have4999coins.

Some successful people fail, finally left to right or minority

Clone and fork are bad
But if some new alter coin suggest a different approach, then it is fine

I agree, its crazy with 10 new ones a day again. But it does give us something to do... Lets face it, pointing your sha256 asics at BTC and then waiting is fucking boring.

MORE are required,... but not cloning scams... 
New features,  more exploration and more mistakes should happen until we can have perfect coins.

Here Darwinism applies.  The market at some point will be overwhelmed and the weak coins will get extinct.
So... it doesn't matter if people never stop launching coins,  at some point there should be an inflection point and a lower coins will remain on top.
 

Have something interest, someone will always took pains to do

Yup I'm sticking with a couple coins.

dunno what worse, altcoin or these thread that are popping out like altcoin itself

For me it's good that there are new coins coming up. But i find it so difficult (impossible) to know which one will stay.

Yeah, there's a lot of crap but there's always room for more gems.

I'm pretty philosophical about it all because the altcoin scene reminds me a lot of the mining-exploration penny stock market. Fact is, only about three of every thousand promising properties will become paying mines - but no-one knows which ones will be the three! That's because the difference between a payer and an also-ran is pretty damn subtle...and exploration geology is tricky, highly inferential and full of guesswork. No wonder there are so many drunks in the field.

Yeah, I know that part of the stock market is shady and even scammy - but the trouble is, there's no other way for new producers to be found. A more "scientific" approach would have passed over most of the great producing mines that have been found in the last twenty-five years. So, it's a choice between scam-tinged chaos with mines, or rational planning with far fewer mines. That's the hard choice we face when the vital data is contained in huge slabs of rock embedded hundreds of feet (or metres) below very hard bedrock.

Case in point: Hemlo Gold. In its time, during the 1980s and 1990s, it was the biggest or second-biggest gold mine in North America. The property was first staked in 1930, but the stakers missed the mine deposit completely. It was staked again in 1979, and optioned by Noranda Explorations, but the project geologists came up with "dry" sample after "dry" sample. Their immediate boss, the district geologist, persisted only because of faith - until Noranda drilled hole #62 which found the deposit in 1981 or so. And the rest was gold-mining history.

But again, that mega-success story is a pretty rare bird in the field. As I noted above, a large majority of properties are "good tries" which end up undeveloped.

Here's an interesting similarity between exploration companies and altcoins: the exploration world has copycat plays too. If one company lands exciting on a property, other explorers scramble to stake and/or buy claims adjoining that lucky holding. The copycat companies are known as "area plays."