How many altcoins can the market sustain?

sensimilia

sr. member

Activity: 702

Merit: 251

Quote from: Bonus777 on December 23, 2017, 10:06:21 AM

Really worthwhile projects will take their place in the market. But this is in my opinion 10-15% of all altcoyins. The rest will simply go to nowhere with time. If the project does not need people, then it will not live in the market.

I agree, but it might be even less than 10%. I think if we would be very surprised of what goes on behind closed doors.

kafeelniazi

full member

Activity: 287

Merit: 100

Organic PR on Tier 1 media

Survival of altcoins is necessary for the survival of bitcoin. If altcoins could not survive in ecosphere by any means then trust of investors in bitcoin too will be devastated. Thats why altcoins and bitcoin they need each other.

Bonus777

member

Activity: 224

Merit: 10

Really worthwhile projects will take their place in the market. But this is in my opinion 10-15% of all altcoyins. The rest will simply go to nowhere with time. If the project does not need people, then it will not live in the market.

Janus101

member

Activity: 119

Merit: 11

Not a lot for sure. One everyone cashout to BTC or top coin, the price will very low.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Despite the fact that now there are a lot of altcoins, many of them will die soon. The market keeps only strong and popular coins which are useful and used by many people

dissident

sr. member

Activity: 280

Merit: 250

More Cryptos means higher overall liquidity a good thing. Can support many many more yet in my humble opinion.

LAODINGTOU

member

Activity: 70

Merit: 10

In my opinion, most ICO will eventually die, leaving fewer than 200 ICO, so it's crucial to choose an excellent ICO project.

dealung

full member

Activity: 378

Merit: 100

I think altcoin will more and only specific to meet certain goals. They make it join the more common mode, so it's easy to understand and use a lot of people.

3DBrushes

sr. member

Activity: 617

Merit: 253

CryptoTalk.Org - Get Paid for every Post!

There is no limit as of now because nowadays a simple coin or token can be created by anyone with slight knowledge.
If the people keep on buying coins like them then be prepared to expect more coins like those. The whole market is filled with shitcoins which is neither an utility nor useful. We need some kind of regulations to control these activites as soon as possible.

nipponbit

member

Activity: 182

Merit: 14

I think while blockchain technology will become more and more common, we will see more and more its application.
I'm not sure about "traditional" cryptos, but we will see more and more tokens related to real business. And its courses will rely on business success.
So main competition will run on business field, and token course will be just like indicator.
The traditional" cryptos will probably become platforms for tokenized businesses. I doubt about bitcoin future, cos it seems to be completely useless in future outlook. But it still have chances to evolve.

jennywhzz

sr. member

Activity: 415

Merit: 250

Quote from: stevrev on November 14, 2017, 12:28:50 AM

the forward progress of technology and continued rise of globalization makes the concept of a decentralized cryptocurrency increasingly relevant. but how many altcoins serve a distinct and unique purpose? will altcoins become more numerous and specialized to fulfill specific purposes, or will they tend to merge in a more generalized fashion?

There are high number of altcoins and there is no limitations for the altcoins to be listed in the market. We have already seen a big trend this year of many new altcoins being introduced and it is not a bad thing. The only thing which makes me worried is that almost all the alts are made with the intention of gaining profit in a shortest possible time and most of the time dev dissappers after getting the profit from his single altcoin and move to create another one solely for gaining the profit from it too.

Red-Apple

hero member

Activity: 1470

Merit: 655

there is only a very few number of projects that are actually worth calling a "project" in my opinion. probably less than 5 are like this. the rest of the them (about a thousand something) are just copy cats or worthless projects that have been made for pump and dump reasons only.

and the market doesn't care. they come in like the penny stocks market, and stay around for a while then die and disappear into the dust and give their place to hundred other useless projects.

aakriti

member

Activity: 168

Merit: 10

There are approximately 3000 altcoins in the market. Most of them have no actual business. Bitcoin is the king of the market.

Red_Sanford

sr. member

Activity: 322

Merit: 250

Well altcoins is used as a generalized therm. As alt coins meaning currencies I can only see a few making it for the long haul. New features are being added to existing coins so as to reduce the need for specialized currencies.

But altcoins also is used to describe blockchains for smart contracts like Eth, Neo and the like. There is room for more of these

And altcoins also refers to tokens. Tokens used for access to services things like Fun, Steem, Maidsafe, Factom. These are limitless because there will be mechanism to allow the conversion of these in the background where you aren't even aware that they are there. You will have wallets that you tell whether to hold that coin or instantly convert it to some other base currency like Btc.

There are other categories like holding a stock that pays dividends like Omg and Obits. These are innumerable as well.

I don't think the space is overcrowded and has no room for others but I do think it has become harder to sift through all the rubbish to find the good ones to buy and hold

Alexxo

member

Activity: 309

Merit: 10

I think there is no limit, but one day the regulation will came and after that it will be devided in to black market
with a lot of cryto tokens and the official one with 20 or 50 of them and i think it's gonna happend in the nearest two
years

ArrogantPeacock

member

Activity: 154

Merit: 10

There isn't a specific number that the market can sustain, we have a free economy and everyone can do whatever he wants, if he wants to list his coin and can do so let him do it. There are millions of stocks trading on various exchanges worldwide, there isn't any limit at to how many you can have. Actually the more there are the better, because it make the entire exchange or economy itself more diversified (instead of having a few rich companies you have many less rich, silly example but that's the general idea), it makes as well the economy stronger because people are not depending on only one company and the entire system is not that interconnected, which is good (if one falls it will drag someone else with him).

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Merge - Not possible in crypto
Unique feature - only ten to twenty of the coin out there are offering something different or based on specific niche

Its just hard to stop people from forking existing coin and coming up with new alts. These days even people without any technical knowledge are running ICOs with ETH based tokens which is worst than before. Only few out of thousands of altcoins will survive in long run.

coastbank

full member

Activity: 238

Merit: 100

Presale Starting May 1st

I think market is capable of running 100 coins minimum, but if you are asking how many can prove itself as currency, I would say not more than 5. Bitcoin, Litecoin and some other anon coins.

xypos

sr. member

Activity: 532

Merit: 250

Quote from: stevrev on November 14, 2017, 12:28:50 AM

the forward progress of technology and continued rise of globalization makes the concept of a decentralized cryptocurrency increasingly relevant. but how many altcoins serve a distinct and unique purpose? will altcoins become more numerous and specialized to fulfill specific purposes, or will they tend to merge in a more generalized fashion?

I feel like more and more altcoins will emerge as application specific projects, such as wallets, exchanges, casinos or even taxi hiring for example. But these projects will continue to be overshadowed by generalized projects, such as ETH, NEO, EOS, etc.

People like to hype about things and it's hard to hype about a niche that doesn't rake in much in the first place.

Overall though, we're going to see more niche market coins.

keykey1

full member

Activity: 406

Merit: 100

All of the new cryptocurrencies has in reality one orienteer, and it is Bitcoin. Most of people have never heard about the majority of new altcoins. Only single coins survive and can compete with the leaders — ETH, Ripple, DASH, Litecoin, Monero.
Probably market can sustain thousands of alts, but will they sustain the market and its competition?

Topic: How many altcoins can the market sustain? (Read 325 times)