Topic: Increasing number of altcoin (Good or Bad)?? - page 2. (Read 395 times)
Increasing numbers of altcoins is totally good for me remember that we have alot of companies out there that haven't adopt blockchain but i'm sure they will adopt it not for themselves but the government's will. We are on the 2nd phase of adopting so we will see a trillion marketcap that's eventually size of an internet bubble- along with that ICO's could bring up a good money in the space.
The increasing numbers of alts is Good to the exchanges and for the hunters, but it is bad for the investors, because the upcoming alts would be trending in various ways and the investors had already bough the alts what he choose and so he will not get the profit what he want because all the focuses of the investors in on the alts that are new.
To my mind, the increasing quantity of coins means the developing of crypto technologies due to increasing competition between the projects, which is a good thing for the society.
I understand that we don't need most of these altcoins. But also market shows that anyone with good idea and supporters can collect money and develop products. So for person who has problem with money, it is really good opportunity.
its is good its will just increase the acceptability of cryptocurrency and it shows how useful blockchain and cryptocurrency are.
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 ?.
The good thing about having more cryptocurrency is competition. The more coins competing, the more quality features they offer. Most of the cryptocurrency today has their own field of application. The more choices you have the easier the transaction. I have no idea about the bad side of having more cryptocurrency for I am not an expert in this field nor have any idea for this complex matter. In my honest opinion, too many is not good for the market. But how much is too many, that is the question.
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 ?.
The good thing about having more cryptocurrency is competition. The more coins competing, the more quality features they offer. Most of the cryptocurrency today has their own field of application. The more choices you have the easier the transaction. I have no idea about the bad side of having more cryptocurrency for I am not an expert in this field nor have any idea for this complex matter. In my honest opinion, too many is not good for the market. But how much is too many, that is the question.
What is the normal number of coins for a portfolio? What percentage should be in the BTC and ETH and how many in the rest?
In my opinion, having many altcoins is a good thing for the crypto community. Because, having a wide variety of coins existing in the market gives us a lot of options where to invest our money. And as the famous saying in the crypto community, "Don't put all your eggs in one basket." Meaning, the more coins there are in the market, the more we can diversify our investments.
However, if that coins get TOO many, it will be a bad thing. Because, there are lots of coins out there that doesn't really that much real-world usage. Or, shitcoins. And as these coins are crowded and stranded in the "listing" phase, even the good coins are having a hard time listing on an exchange because of too much coins in line.
However, if that coins get TOO many, it will be a bad thing. Because, there are lots of coins out there that doesn't really that much real-world usage. Or, shitcoins. And as these coins are crowded and stranded in the "listing" phase, even the good coins are having a hard time listing on an exchange because of too much coins in line.
I think it's mostly bad because , there is too much of them and because there's so many scams, these two factors combined generate that the market stays flooded with altcoins which will increase the risks while investing
Altcoin at increase will not give a good new to this industry rather than bad news at any new coin in existence. There are seriously too many Altcoins there that have be dump and others never reach any exchange market which is the baddest news for crypto industry or in general baddest news to Ethereum. How i wish it can be control by the king of all cryptos ie BITCOIN but i never think it will happen, just too bad..... too many Altcoins.....too many dumping...
Almost all small altcoins solve a specific problem and are at all ERC-20 tokens,and not coins with their own blockchains,so there are not so many of them.
I think it's one of the great things about the development of cryto currency, so there will be many aspects that use cryto currency as a medium of exchange. with that then gradually, all countries in the world will adopt blockchain technology and will continue to develop the technology so optimally. and I'm sure that, all the price of crypto currencies will go up
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 ?.
Competition in the market is always useful for its development because to stay in the market a project needs to be good enough this means that good projects will develop under market pressure it will push the entire crypto market up in price and as projects .
I completely agree with this one. Competition makes them think even more brilliant ideas like never before. All we need to do is pick those serious start-up that will likely a kick-starter to mass adoption. When crypto will have no more boundaries in our daily lives, then no reason for cryptocurrency not to perform well.
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 ?.
Actually it's not really increasing, every day there are always dead coins or coins that delete from the market.
People are compete each other to make the best coins that can last longer in the market.
If most of the proejcts are crap and in this bear market then yes is not good because whatever the crappy projects raise in ETH they just dump for fiat, driving the price of eth down and we get useless tokens that don't even reach an exchange, so all they are doing basically is dumpign eth on a large scale, so can't be good really. Only decent projects that grow are good for our crypto economy during a bear market and a bull run.
your point of view is very true on the situation and i totally agree with you actually its very bad now days many shit projects coming out there and they raise money forget about there investors. 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 ?.
Most probably it is good thing only if the projects that are forming these coins are perfect enough. I mean its all about the project really and not the coin. Coins are just symbols for them and way of investing into them with the share holder pass.
They can bring more volume into the total market cap if they are strong enough. However if any project is too good then it can show off the other crypto coins as it will gain more investors than them. But still over all it looks good to me.
The introduction of too much altcoins can generate an slow on the growth of the primary players like Bitcoin and Ethereum which in turn could slow overall market growth and acceptance, plus, too many altcoins create alot of confusion while investing, because there's too many options.
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 ?.
today there are many altcoins in the market, only a few have good developments and props. the rest are just altcoins that do not meet the standards, tend to developers just want to make quick money in the crypto industry.
Altcoins are just like some time bombs. You can't predict when they will die. Their prices are manipulated by people. They may rise several times in one day, or they may be worthless after a few days.It is undeniable that many people just like this gambling game.
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