Topic: Number of altcoins keep increasing! - page 14. (Read 3516 times)
You're absolutely right. In it there is a share of irony and why they do it unclear. As this situation worsens the position of the cryptocurrency on the market. What this will lead to in the future is unknown. I hope in the future this process will be settled and there will be no fraudulent coins at all.
It does not matter, everyone can create a coin which is mostly useless and for nothing so it will keep rising, but good coins that will have impact on the industry also there.
And I added, it may not be stop increasing but still there's a few of them which I can say is good to invest as long as you know it is worth and potentials according to what they have to their whitepaper or road map also the team behind are transparent and the owner are visible to its community.
With that being said that new altcoins are being created every day, I'm sure that there are altcoins "dying" every day. There's not much fanfair for coins dying, but they may get abandoned by developers and their price goes to virtually zero. It's unlear how many cryptocurrencies we actually need... maybe just a handful or maybe we need to tokenize the whole world. I think it's a confusing market out there for someone looking to get started in crypto. It might be nice to see a few currencies and platforms become as well known as Bitcoin to the general public.
A lot of altcoins are dying every single day, recently, binance and bittrex delisted some coins and that shows that a time will come when shit coins will end up dead as long as they have no development, no volume and nothing to even show for it. And in such case and scenario, I wonder how anyone would want to be trading a shit coin on a shitty exchange when they know the risks involved except when we now get to see the likes of penny stocks for the shit coins later on in the future. The truth of this whole thing is that as much as the altcoins are increasing, not all of them will last eventually.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Be careful on what altcoin you’re investing, some of these altcoins you’re seeing here and there are meant for pump and dump purposes and will disappear anytime soon. So be very careful, if I were you I would even prefer to stay with the old coins, I can’t be taking that kind of risk. Or maybe I wait to see what others thinks about that particular coin before I invest. 
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Not some most of the coins we have just used for the speculation so if we don't have them then their market value will be just migrates to another one so increasing the coins doesn't means the market is growing.But it will keep increasing forever until the people know what is the goof project and what is shit project because this turned out to be modern day business.
I still do not see an end horizon for these altcoins creations at all times, because it is a natural phenomenon and everyone is trying to develop what they believe is a good alternative to Bitcoin, there are those who are just looking for quick money and there are those who own other needs, this phenomenon will decrease after more than half the world population has knowledge of cryptocurrencies.
The number of new coins that come will give new things to the world of Crypto because every coin that appears brings a unique technology and a good goal in the crypto world so that in the future crypto will grow further.
The market is indeed oversaturated with tons of different coins that may be very confusing for new traders and investors. Nevertheless, try to look at it from the other point of view: everybody can develop their own coin and present it to the public. After that, it is up to the public to decide if this coin is worth it or not - the market will sort it all out. The most potent and reliable coins will survive, the other ones will fade - consider it natural selection of the coins.
True number of altcoins is keep increasing but most are scam nowadays which is turn into shitcoin after months. So be aware about it. Always make hard research if you're planning to invest or buy to hold. always make sure there's a specific information before putting money , 'cause most now had no real team behind which is totally ponzi schemes , just pretending that has expert team but the truth is fake.
Exactly, majority of coins being born has no real life usage, sad to say and we can say that devs are just putting to raise money and some to run a scam. That's why the market can't really take-off because of so many people being victimized by this scammers. And the effect trickles down to those legit ICO, they can't get the needed funding because investors are very reluctant.
True number of altcoins is keep increasing but most are scam nowadays which is turn into shitcoin after months. So be aware about it. Always make hard research if you're planning to invest or buy to hold. always make sure there's a specific information before putting money , 'cause most now had no real team behind which is totally ponzi schemes , just pretending that has expert team but the truth is fake.
What did you want, everyone wants to create his product now, seeing his own uniqueness in him, but not everyone can do it!
All unnecessary and unviable will be eliminated with time. It's obvious. survive the most technically advanced and competitive, having a working good team
At present, there ar several altcoins moreover because the new ICO, and this is often dead traditional as a result of the trend of 2018 is that companies themselves unharness ICO to be ready to raise funds from the start Potential. though there ar several altcoins born most ar altcoins, not potential.
I guess because the technology is still very young and it's open source and anybody with the money and organization can set up a coin problem is some of these are not usable only meant to be a pump and dump coin in the market, but every once in a while a good project comes in that proves to be profitable for crypto supporters.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Indeed, the number of coins on the market is increasing, but most of them do not bring any benefit, because they were created only to raise money. Nevertheless, we can not do anything with this and limit the creation of projects, we can only be able to choose those projects that can bring some benefit to this industry.
I know it is kind of annoying to have 2000+ altcoins, since it is hard to decide which to invest and guess which ones will have a promising future. It requires a lot of hard work. I don't think the number of altcoins will decrease anytime soon, so we need to focus on the ones which we think has a great future.
anyone can make their own coins but the problem is many of them are useless it is no wonder that many of them failed even though the ICO is successful. good coins are overshadowed by this shitcoins as a result few of them become successful.
With the arrival of new Altcoins in more and more markets, actually it will not be a problem. As long as it can be adopted and can provide a truly brilliant future. And I think the industry will continue to grow as time and development progress more and more modern.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
That's the sad reality that some of the altcoins in the market is not needed or they will die soon enough. Some developers are continuing to develop coins/tokens to earn money without a solid project thus contributing to the number of altcoins that is in the market right now.A time will come when I believe some of the coins without products and development will not even have a place in the space anymore and that time is getting pretty close, we are seeing criteria for listing on reputable exchanges increasing, we are seeing shit coins getting delisted and we are seeing newbie investors getting smart to know what they should be looking out for before investing into anything and with all these, it would be about quality and not just quantity anymore.
Sure there can be many altcoins that can be introduced in the market and it may confuse some users or take some share in the current state of it, however just remember that it will still be up to the demand of that coin or token whether they can be successful and will stay in the market. Sure there can be 10 tokens that will be added in a day but also 10 or more tokens are left out the dust too.
For those coin which show tremendous impact in the market surely will retain the circulation and for those coins will no longer needed obviously they it will disappear. It's our prerogative at first in the campaign period we double check for projects much needed in the community.
Jump to: