Topic: Competition between altcoins - page 5. (Read 2200 times)
I believe that since there are so many coins, then the competition has become even greater. I think that this is good because competition is always stimulating to be better.
I think there will be many altcoins to die in the future. Because there are more than a thousand cryptocurrency in the world. This is compounded by the emergence of many ICO scams. If you want to invest in cryptocurrency, you have to review it yourself and not follow someone.
Each coin has its own functions. And the competition does not grow as you think.
For example: Paypal is not a competitor for facebook
For example: Paypal is not a competitor for facebook
I think that btc will be the winner for long or maybe even forever. To my mind, it has a lot of benefits and that's why it is going to be the leading one and I think that ether will be in the market as well close to btc
1. What should we expect from cryptocurrencies on the scale of years or even decades? 2. How many will be there and how many do we actually need?
1. If ICOs won't be regulated within this year or next coming years then we will have a sea of trash icos that doesn't have real usage and all are thinking an exit scam and soon icos will be dead.
2. There will be no exact number as long as the coins are essential and sustainable in the community it will and should remain.
Regarding No. 1 you said, before the ICO was born, many projects had already called for investment and had died, it does not depend on how many ICOs die. But what ICOs will do wonders in this industry
I think that it is impossible to speak here about any healthy competition. As for me, large corporations and companies are even worse than governments, as they often act outside the law.
Don't really think it matters too much, there's still a big enough market for all of them if they do well.
Well, this question is not so much about altcoins as such as about free and unrestricted competition between cryptocurrencies, by and large, bitcoin included. I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another. If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?
What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?
What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?
No one can predict the future. But we can look at the past and draw the trend line. So, if during the next 12-month eth or btc will not go to 0 then the whole crypto industry will survive.
If eth will be even 1 USD then anyway it means a positive trend: growth from 0 to 1400 and then to 1.
If you ask me, such inferences are pointless. I don't know whether they may make sense even from a purely academic point of view (I'm not an academic anyway), but in the eyes of an investor or trader they are not just meaningless but also offensive and derogatory. It won't matter if some coin first rose from 0 to 1400 and then went down to 1 and that would be, according to you, still a positive trend if you lost an insane amount of money in the process. And it is not only about you and me personally. It means the fiasco of the whole market and the coin in question as such.
Some coins that do not have uses in the industry just die down a natural death we have hundreds of new coins in a year and only half of it was able to survive, this is why we need to ask ourselves what will this bring to the table before we are going to invest in that project.
I also think like that, indeed too many crypto they always compete to lure potential investors to buy their coins, they always try to get their coin prices up but will they last long? I think there will come a time when investors are not interested in their coins, investors will see other coins that they consider more profitable, and their coins will die
1. What should we expect from cryptocurrencies on the scale of years or even decades? 2. How many will be there and how many do we actually need?
1. If ICOs won't be regulated within this year or next coming years then we will have a sea of trash icos that doesn't have real usage and all are thinking an exit scam and soon icos will be dead.
2. There will be no exact number as long as the coins are essential and sustainable in the community it will and should remain.
Well, this question is not so much about altcoins as such as about free and unrestricted competition between cryptocurrencies, by and large, bitcoin included. I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another. If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?
What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?
What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?
No one can predict the future. But we can look at the past and draw the trend line. So, if during the next 12-month eth or btc will not go to 0 then the whole crypto industry will survive.
If eth will be even 1 USD then anyway it means a positive trend: growth from 0 to 1400 and then to 1.
I think that competition between these coins is one that is actually inevitable and is good for the industry. Each one of them is trying to take the leading position, hence set in a natural position of competition. Thing is at the end of the day, those that are meant to survive, and and those that weren't meant to will die regardless.
Many shitcoins will eventually die, but this is not due to the fact that there are lots of coins, but because the coins don't have a clear purpose and their development team fails to develop the coin. There are lots of coins in the crypto market and new coins emerge every day with different objectives but I don't think that all compete with each other but they go together with the traders who can exchange.
I think that altcoin competition is natural because cryptocurrency is a trade as well as an exchange for many altcoins carried out by investors and bounty hunters, I think in crypto trading we need tactics, you can hold it for a long time or you can hold it in a short time, I think the number of altcoins will continue to increase.
It is really good that this competition take place on the cryptomarket because the amount of altcoins is too large and I am sure that not all of them worthy for buying so this cleaning is necessary to be.
For sure I believe that a lot of shitcoins are eventually going to die, but this is not due to the fact that there are a lot many coins.
When you compare such things with stock, there are enormous stocks available on exchanges which keeps on getting added time to time and a lot of them get delisted because they are not able to keep the daily required volume.
A big number of cryptocurrencies is good in a way, as it spreads more awareness but if they cant keep there worth over the time they are going to die.
When you compare such things with stock, there are enormous stocks available on exchanges which keeps on getting added time to time and a lot of them get delisted because they are not able to keep the daily required volume.
A big number of cryptocurrencies is good in a way, as it spreads more awareness but if they cant keep there worth over the time they are going to die.
This is true. Those other coins that are not really in a good state are just created to add some spice to the cryptocurrency. With this, those coins will not probably affect the cryptocurrency bigtime. There might be a competition but still the coins on top will reign, and the altcoins aside from those who are on top will not be given by much attention.
I am sure in future as long as altcoin is concerned, the number will be reduced because most of the shitcoins will possibly crash because they will not be able to survive the crypto market but the legit ones will remain. I am also sure the rate at which altcoins come in will be reduced because investors will only be interested in more potential coins than in just anyhow coin.
Of course to change, any market will become more intelligent with time. Healthy competition and natural selection will do their part. A large number of shit coins disappear from the market.
ETH, Bitcoin cash and ripple all started from a similar point where these new coins are starting. But now they are really valued and popular. Not all ICOs can survive, some will die out. But as some of them die off, the rest will survive. Cryptocurrencies won't die out completely. Coins begin to compete when they have a similar project and idea. If you really want to invest in a promising coin coming out soon, choose ETHL and 4new.
Jump to: