Until the world's problem comes to an end till we see a change. Day in day out new problems evolve which requires genuine solution. For we to get solutions to such problems will always lead to the introduction of these coins which i think is not bad at all. Competition among these coins makes the Crypto world interesting but the competition should be looked at whether healthy or not.
Topic: Competition between altcoins - page 6. (Read 2204 times)
I think that now we need to take from the cryptocurrency as much as possible, as long as we have such an opportunity. The choice of coins is huge, the growth potential can also be impressive. If crypto is will going to be regulated, then it is not known how well it will affect it.
This is business and it's a free market while those developers are free to create a coin or token we can see many new ICO to be launched. This will not stop unless a new regulations will be implemented. Better to invest only on those project that has enough proofs that it's a legit not just a hype.
currently many crypto markets are popping up with some coins that have been promoted, competition between one another is normal, many people are thinking of choosing something cheap or cheap tax deductions with fast transactions
I am a fan of this raw competition, but we know how will this end eventually. Only the strongest projects with a wide community will survive and others will be struggling a lot to equal their opponents. There are so many factors that can determine the success in long-term. New projects will benefit from the mistakes of their progenitors and that massive headstart can make a difference big enough to catapult them to the top. Coins that will be in top 10 in five-ten years might not even exist right now! Sticking to current top performers might not be the best strategy, but all we can do is making predictions based on the information that is available to us at the moment.
It is not just compitition, it has become a fight between them which is becoming harder and harder with the adding new alternative cryptocurrencies on the market.
The (potential) problem with this kind of competition is whether it actually leads to anything constructive and valuable. Does it really contribute anything of value to crypto or is it just a ruthless fight for the money of those who looks into these new currencies? How many new coins entered the market that would boast some new and truly innovative features, both useful and revolutionary?
As it seems to me, the altcoin market and ICO's even more so have become a means for exploiting human greed rather than a field for testing new features and fresh ideas.
This competition is the best way to make alternative cryptocurrencies stronger and to 'kill' weaker ones for the cleaning of the cryptocurrency market from this waste.
Competition makes alternative cryptocurrencies stronger and more prepared for surviving in the wil crypto's nature. It is needed with cryptomarket for development.
I think there is no competition between the altcoys. Every altcoin lives in principle with his life. The price of altcoin depends only on the price of bitcoin.
It is not just compitition, it has become a fight between them which is becoming harder and harder with the adding new alternative cryptocurrencies on the market.
Yes, you are right, there are way to many crypto currencies right now on the market.
The average life span of a crypto currency is about 1.5 years so, you can expect a lot of them to fail during this time but some of them will succeed and will be used on a larger scale.
Take a look at ETH, a few years ago it was just an ordinary crypto currency but now it's used by millions of people.
I think there will always be a lot of them on the market because as soon as one closes, another one comes back to take it's place.
You need to weed though them and select the ones with a good idea behind and a higher rate of success.
I agree. Many of the cryptocurrencies are bound to disappear over time since they are most likely scams, pump and dump coins or simply unsuccessful which is why it is far better investing into popular cryptocurrencies like Ethereum, Litecoin, Ripple, Stellar, NEO etc since they have huge long term prospects although their values will definitely fluctuate over time. I feel that only around 100 coins will truly survive in the long run. The average life span of a crypto currency is about 1.5 years so, you can expect a lot of them to fail during this time but some of them will succeed and will be used on a larger scale.
Take a look at ETH, a few years ago it was just an ordinary crypto currency but now it's used by millions of people.
I think there will always be a lot of them on the market because as soon as one closes, another one comes back to take it's place.
You need to weed though them and select the ones with a good idea behind and a higher rate of success.
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?
There are over 3000 different Cryptocurrency. The coinmarket lists only about 1900 Cryptocurrency and there are many but not enough requirements to list there. But more than 80% are altcoins that do not have the product to serve life and of course as you say. All will die by the time and only the good altcoin and the product will survive and be applied to lifeWhat 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?
If it were so, most of these shitcoins would have long been gone. Have you ever wondered why there are still over 3000 cryptocurrencies (let's assume that what you say is true), which is by any sane metric a mighty overkill? If we consider the fact that the "estimated time to death" (average lifespan of a shitcoin) is around one year or even less than that, we would by now have a clean landscape where wouldn't be so many shitocoins, only the deserving ones (give or take a couple coins).
In essence, it means that when a shitcoin dies a new one is born, which takes the place of the deceased one. It leads us to a conclusion than competition doesn't really weed out these coins as we intuitively expect. It simply doesn't work in the way we hope.
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?
There are over 3000 different Cryptocurrency. The coinmarket lists only about 1900 Cryptocurrency and there are many but not enough requirements to list there. But more than 80% are altcoins that do not have the product to serve life and of course as you say. All will die by the time and only the good altcoin and the product will survive and be applied to life 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?
If you look back a on 2017, those ICOs and different altcoins pops out day by day when BTC moves upward unexpectedly and embrace by many. Unfortunately, some altcoins took advantage and scammed millions of investors. That is the reason why the price in the market suffers as of today because the government were alarmed. There are some government agencies that double checks those ICOs but shit altcoins can't be avoided and I might say that you can expect more of these shit loads in cryptocurrencies as long as there is no concrete rules and regulations from the government.
The Altcoin market is growing stronger. More and more electronic coins are emerging to enter the competition to find e-currencies that have the potential to be used by consumers around the world. Therefore, the competition to keep the Altcoin is a meaningful competition.
Since crypto market getting stronger, it also affect market competition. Such competition will lead other coins into dying especially when it is not yet supported by its developer and the team behind its creation. Moreover, it usually create a strategic plan to attract more investors to help them win from the competition. 
how many coins have failed and died since the cryptocurrency started but certainly from all that exists, only those who are able to compete and continue to be developed so that the community can use it that will be able to survive
The Altcoin market is growing stronger. More and more electronic coins are emerging to enter the competition to find e-currencies that have the potential to be used by consumers around the world. Therefore, the competition to keep the Altcoin is a meaningful competition.
Many altcoins are available in the market. Some gives good values to people and people like to purchase them. Some coin's whitepaper is not understood by people and they don't like to buy them. These coins doesn't survive in the market and the get unlisted form the exchanges.
I think alt doesn't have to be much, a little is enough, but on condition that the coin can meet expectations and in accordance with the ideas or concepts that have been planned by the developer. I think all altcoins must compete to be the best and can be beneficial for everyone.
i think that there will be a "purging". Time will decide which altcoin will be good and remain and which will be obsolete and vanish.
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