Increasing number of altcoin (Good or Bad)??

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: ninio on June 15, 2018, 11:37:19 PM

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

Totally Bad!

Its not really necessary for us to have lots of altcoins because if we do try to see on the current situation most of them are total crap or garbage or doesnt have any significance on why they do exist.Not only that which as an investor you would definitely have a hard time on selecting which coins should be chosen where the more the harder for us to invest.

Kate Beckett

member

Activity: 280

Merit: 28

It seems to me that such a large-scale increase in the number of new altcoins on the market prevents the development of truly worthwhile projects. I believe that most coins are not competitive, so their further development is being questioned.

Somthison

newbie

Activity: 19

Merit: 0

I think the uncontrolled increase of altcoins appearing everyday would be bad, because the bigger the number of cryptos out there the prices tend to drop, specially ethereum.

Anatolich

member

Activity: 574

Merit: 10

As for me, it's good in the next couple of years. The first is what you can earn. The second is that the projects are improving and when that just remains a certain percentage of necessary and quality altcoin. So now the principle is as it should be.

tuanta

newbie

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Quote from: ninio on June 15, 2018, 11:37:19 PM

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

You can completely increase your allcoin stockpile, because the market is quite small growth potential in the coming years, and the reason is that now market downtrend is hard to get any chance to hold cheap all coin As you are now, you should need more all coins because to diversify the investment, avoid the concentrated investment

RajaCripto

newbie

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Merit: 0

it will not be bad, it will be good because more and more of their competitors will race to be the best. We can choose the best of the good

WaffleMaster

hero member

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It's just simply how the market is. There's so many that it likely doesn't effect anything because there is just an ocean to drown in. Maybe somebody will single out a droplet in the ocean of altcoins and tokens and have a bad experience, but this is how it has been from the very start. There always was and always will be a ton of altcoins and there is nothing than can be done, or should be done.

billykannithi

member

Activity: 330

Merit: 12

Increase the number of coin is alway good. You will earn more profit when the market uptrend. Do you know 'cut loss'? Cut lot is one type of 'increase the number of coin': you sell coin at the price ( lower than the price you buy before) and buy them at the lower price to increase the number of coin.
With this action, you will earn more profit when you sell this coin

oriontab

jr. member

Activity: 336

Merit: 3

It is good for the market, they help in growing crypto adopton generaly,each project appeals to a different class of investors or ecosystem. The good ones will draw more persons to the market while the weak ones are delisted over time. The competition is good

Crumple Cat

full member

Activity: 364

Merit: 138

dApps Development Automation Platform

Now it's the same as it was at the time of the startup boom. Everyone wants his project and it does not matter that it is far from being the first in this field. Of course, this is all natural, but in general this is not very positive. This is not rational if evaluate from the point of view of the use of human resources and the final result. But nevertheless we are gradually optimizing.

goodluck0319

sr. member

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at some point, it was necessary to have more at the moment when the crypto currency only appeared to give a person the illusion of choice and independence. but now many coins unfortunately after the fall of the never and not will grow

BitcoinHodler

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HODLing is an art, not just a word...

it is a bad thing for the market as a whole but not for individual projects.
it is bad because a lot of coins means a lot of shitcoins because there is no way you can create 1000 altcoin in a couple of months and all of them be good. and we have seen so far that this is true.

but an individual project that is already good (for example Bitcoin, Byteball,...) they don't care whether there is only one other altcoin or 1000000 altcoins out there. if they are really good then they will be adopted and grow in the long run and the shitcoins will grow in the short run.

BobBct

sr. member

Activity: 616

Merit: 250

Increasing the number of alts in crypto can be both a benefit and a down because more alts can mean more volune.

Irvinn

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Activity: 966

Merit: 104

I think that the increase in the number of altcoyins in the market of crypto-currencies, it is generally good. The variety of coins is good for creating competition between them and therefore will stimulate their improvement. The fact that among the good coins and tokens there are a lot of useless, then the market useless coins vseravno reject. As a result, only necessary and useful will remain.

sensei

full member

Activity: 378

Merit: 100

We actually indigence them in structure to characterize what's better. There are so several altcoins that affirming they inclination live on nevertheless the reality couldn't denied.

coinbirds

full member

Activity: 588

Merit: 104

Strong competition is good in Crypto but for a new investor it can be confusing to decide amongst near to 1600 coins.
For those who are wiling to dedicate their time for research and to find the high potential coins, it is not a problem.

granchio

full member

Activity: 336

Merit: 100

Quote from: ninio on June 15, 2018, 11:37:19 PM

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

I think we always need new altcoins on the markets, but just the innovative and eligible ones. I hope the people who have really original ideas will work harder in the future to make better projects in crypto world.

husanlarisa

newbie

Activity: 126

Merit: 0

It's like to ask the same about stocks.
I would say that it's actually for good.
Most money will be invested in those projects, thus driving the global economy to the Moon! Cheesy

StImelda

newbie

Activity: 154

Merit: 0

The problem is not really in the number of coins but in the quality of those coins. Coin market cap can have 5000 coins listed but they should be quality coins, not some shits that will eventually be deposited.

BountyMorglen

newbie

Activity: 97

Merit: 0

There's nothing wrong with that, but nothing good either. You can easily get lost in this dark forest, but the diversity will not hurt anyone. And the regulation of cryptocurrencies will lead to their centralization.

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