Number of altcoins keep increasing! - page 18.

TimeTeller

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Quote from: yugyug on October 09, 2018, 06:43:05 PM

Most ICOs and altcoins proliferated nowadays is like an institution of business entities who want to create an ecosystem for tokenization as a form of payment or exchange value of their product as part of decentralization for fiat exchange. Tokenization is a process by which real or digital assets and related rights are registered on a ledger of a specific blockchain. Technically a Token is a unit of registered value.

But most of them are just crap ones or really has no value at all. They are created to generate income for the team members behind such project and not for the users.
Very few are really sincere in deploying their innovative technologies via blockchain technology. And you will find out that those legit ones are the ones who have difficulty in attracting investors as well as users.
So if you are one of those small time players, you need to be very careful where you put your hard-earned money. Even authentic ones do not sell in the crypto market, thus, losing your investments.

irsada

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I have no problem with the number of alt coins popping up every day, I think this is one of the developments that occur in the crypto world, we just choose how alt coins that really play a real role in real life to invest.

yugyug

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Most ICOs and altcoins proliferated nowadays is like an institution of business entities who want to create an ecosystem for tokenization as a form of payment or exchange value of their product as part of decentralization for fiat exchange. Tokenization is a process by which real or digital assets and related rights are registered on a ledger of a specific blockchain. Technically a Token is a unit of registered value.

bharatpatel

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diceroll.xyz

Since block-chain technology still developing and we will see many new coin also. In my opinion every exchange have to list and delist every coin on specific volume based. So, Investors can avoid useless coin.

zwiggel

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Right. The number of altcoins is increasing rapidly. There are many new ICO projects. This proves that the electronic money market is booming.

WalkerIVIV

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Cryptocasino.com

Quote from: omonuyak on October 09, 2018, 02:32:47 PM

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!

The total amounts of altcoin in the coinmarketcap can't be trusted because they have counted the die coin and shitcoin. YOu can see that so many scam coin worth zero value and it should not be included on that list, AFAIK CMC could try to create such a new mechanism to determine the coin that filled all of criterias.

sweetrose1968

newbie

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The number of altcoins will never stop. It's almost like a domain name in the sense that they get created so quickly. There's a niche for literally everything when it comes to crypto. POS altcoins are getting created constantly and most are scams with a high POS to get more investors. The earliest succeed in these types of coins and the latter do not.

i7claufe

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AhrvoDEEX FUTURE OF BROKERAGE TRANSACTIONS

Yes, that is why now more than ever we need ICO regulations. Few years from now most of the coins on the market will probably die and the mroe stable ones will be left behind.

drlukacs

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l0tt0.com

At present, there are many altcoins as well as the new ICO, and this is perfectly normal because the trend of 2018 is that businesses themselves release ICO to be able to raise funds from the beginning Potential. Although there are many altcoins born most are altcoins, not potential.

metalglowd

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💲 EMIREX EXCHANGE 💲

Quote from: omonuyak on October 09, 2018, 02:32:47 PM

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!

in some conditions, of course if you are smart it can be used to get profit, try to take part in the pre-sale event of the coin or token. of course you have to filter the project carefully. Because now the many scam projects (as you mentioned above) have learned how to scam better than before

markint

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In fact the vast majority of the altcoins that are emerging at this time are the result of the great advantages that for many developers implies the possibility of capitalizing their projects through an ICO, which is why many of the new altcoins are rather the tokens developed to support those projects in the blockchain. Therefore, I think it is a good sign of the enormous potential of this market, given the ability of the blockchain to adapt to a large number of sectors of trade, finance and technology.

pedpedped101

jr. member

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Talking in series of Altcoins coming up day by day. At this point I'll say there can be series of Altcoins but few are useful and moved the market. Investors needs to be very careful when it comes to investing on Altcoins because many tends to be fake and that's why it's necessary to give thorough research on which ever project you want to invest in because many have bad management which can't make them stand, due to anyone can create a project which wouldn't be listed.

crzy

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Quote from: renes on October 09, 2018, 02:36:59 PM

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.

So many useless altcoins everyday and I think we cannot stop them for creating shitcoins for now but I hope in the future we will see a more strict policy about creating coins. We must be careful and invest only with a good coins who has its own product already.

slightmoon

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diceroll.xyz

Yeah, No of alt-coin growing but the market-cap not make much difference. Even all the coins solution of some problem. But in same field many try to solve problem and just some can grow in the long term. In result some become shitcoin or useless.

Vaniaayu

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if I think the opposite is what you said above, because of the existence of new coins as evidence of the development of crypto in all fields, it can be proven right now, crypto has entered into the affairs of human interest from basic things

supine

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Quote from: omonuyak on October 09, 2018, 02:32:47 PM

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!

I think it doesn't matter, even if more and more altcoins come out of the market, only altcoins with real purpose and use will only last in the market. As time goes by investors are getting smarter. Investing because of pump is gone, most investors are after long-term profit in real projects and companies.

GymClassHeroes

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Michael of these coins are just duplicate or stuffs that doesn't really make any sense. For example, creating another coin to be used as a means of payment for goods s and service across shops and the likes, Or creating a coins and saying it will be used by dentists. What we need are projects that can offer solutions to real problems. Maybe the current drop in ICO patronage will determine many until they have something useful to offer

oioioi

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there are even some who eventually plunge towards dead prices and cannot rise again, this is a considerable loss but can only be overcome by selling it cheaply and still getting something even though they cannot fulfill the desires or hopes that have been dreamed of

aoluain

legendary

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Its a lot of players looking to grab the same slice of cake.
The idea seems to be basically selling useless tokens for useful tokens
to people hoping to make a big gain many months after their initial transaction.

vrap.pm

full member

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Scammers area all over the internet, and they like to seize a good oportunity to scam others making shitcoins. I hope this bear market times, will help the market to wash out all bad coins, and scammers that give bad name to cryptoworld.

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