There is too many of them already
So many of them has died already
Many will come many will die
The biggest problem with crypto is usage there is not any usage of crypto
Just trading to btc
But alts are useful because they are crating demand for bitcoin
Topic: Do we really need a lot of Cryptocurrencies? - page 3. (Read 840 times)
Seriously we don't need this much cryptocurrencies as we already have. It almost makes the crypto market a bit childish since almost anyone can create a coin and organise an ICO at the end of the day the coin will make it to the exchanges with nothing new to add to the already crowded market.
There are already over 2,000 cryptocurrencies at coinmarketcap. Definitely, we don’t need such a number of crypto assets. There are not even two hundred states in the world, and here there is such a large number of coins. I think that most of them will not soon remain even in our memory.
Yes. Their trying to survive becoming in a fight and this fight helps to kill unnecessary coins that are weak or don't have the future and during this event other strong coins become stronger too.
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
There is no need for the increase of number of cryptocurrencies and there is also no need for the decrease. If they want to produce new cryptocurrencies, they have to make sure that the coins they're making are not shit. Because shit coins will only confuse people and make other people's research a waste of time.
But of course, it is a decentralized and a non regulated space and that makes it a whole lot easy for scammers to evade the space, which I believe as the market gets matured , it would change eventually as we get to see the shit ones disappear.
...we only need 1 for every industry...
Yes, and that is also the reason why there's so much cryptocurrencies in our current stream right now. They're competing and doing their best to get that spot, that one and only spot, in every industry. We may not need those but soon, we will pick one each.
The only advantage is that diversification. At least 10 coins is enough for me to manage and check my portfolio everyday and do trading from time to time.
And when you liquidate, rinse and repeat. Look for another good coin and dump when you have a good ROI already.
And when you liquidate, rinse and repeat. Look for another good coin and dump when you have a good ROI already.
that is indeed the benefit of having a lot of cryptos but not all cryptos are worth to invest with . traders and investors do only need a lot of cryptos but regular workers such as bounty hunters do actually hates it because it can only cause confusion to them . more cryptos do also means lesser price for the big coins like btc and eth because that causes them a competition in which people can divert their attention to other different types of coins instead of foccusing to the legit ones .
Every developer makes a crypto currency must have a clear purpose and function. And of course this function will differ between crypto currency one and the other. They will not have the same function, and usually if there is a crypto currency that does not have a clear function and the developer just makes it, the crypto currency will be lost and worthless. You can find that every crypto currency that has a good function will have a high price but if not then you will find that crypto currency will not have a value.
I think that many ICOs dilute a little the investment in the market, plus most are scams or copies of other more useful and famous coins, so they end up being unnecessary, I do not think there should be any regulation, but if it is advisable that creating new ICOs is a little more difficult or requires some money.
This is common, lots of project are just there to scam or to copy other's ideas, this should not be supported anyway as there's no particular future goals and subject for pumped and dumped, it's needed to have deeper analysis and well knowledge before investing with certain new project that exist around the market especially ICO's, there's no certain regulations so it will be depend on investors part how to take care of their money. 
...we only need 1 for every industry...
Yes, and that is also the reason why there's so much cryptocurrencies in our current stream right now. They're competing and doing their best to get that spot, that one and only spot, in every industry. We may not need those but soon, we will pick one each.
The only advantage is that diversification. At least 10 coins is enough for me to manage and check my portfolio everyday and do trading from time to time.
And when you liquidate, rinse and repeat. Look for another good coin and dump when you have a good ROI already.
And when you liquidate, rinse and repeat. Look for another good coin and dump when you have a good ROI already.
I think that many ICOs dilute a little the investment in the market, plus most are scams or copies of other more useful and famous coins, so they end up being unnecessary, I do not think there should be any regulation, but if it is advisable that creating new ICOs is a little more difficult or requires some money.
I think that variety is in the taste, and I do not mind that there are so many cryptos in the market, since we will hardly see 2 with the same purpose, and many times those that are copies of other projects and end up failing quickly, so it is better to let the market self-regulate, in the end, the best are the ones that win.
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
In my own aspects it's a yes. We do need more Cryptocurrencies in the market but not only we need them but precisely good projects which can keep the market of CRYPTO going forward, not one that will ruin the market in future
Competition among projects is healthy so it's better to have many projects in each industry.
Sometimes, I see the market is chous, but I believe that only the good projects will thrive on chous.
Sometimes, I see the market is chous, but I believe that only the good projects will thrive on chous.
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
There are a lot of projects out there that need funding to be realized and developers will take advantage of the blockchain technology. IMO, it would be good that there are a lot of cryptocurrencies out to serve as a competitors to bitcoin. But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
I think that we don't need lots of cryptocurrencies. What we need is the cryptocurrencies that are exactly profitable, promising, and will have good prospects in the future. We also need cryptocurrencies that include the great team in order to be able to manage the coins after on exchange and do some development. But it doesn't mean that we only need one crypto.
I think not, now there are too many cryptocurrency projects, and they are not much different from each other, while a large number of projects are closed every month and not every one of them needs their own tokens.
Still for any industry we didn't found any good solution. Yet many come up with their idea and coin. But all we know with time major coin just gone and only with good concept can survive in the market. It's good to single option or more better multiple option so they make more better.
I think that most of the coins that exist on the market will simply disappear . There are a lot of shitcoins who are worth nothing and just litter market.
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