Numerous altcoins and tokens also a reason for bitcoin's downfall ? - page 2.

figmentofmyass

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Quote from: justdimin on January 13, 2019, 01:42:25 AM

In the past also (more particularly by late 2013 after bitcoin hit $1k for the first time), every Albert and John started their own cryptos as some people cracked down step by step guides for creating new altcoins (before it was a services by few people with some big payments). Still, bitcoin managed to beat them all and managed to gain value over the time.

But, after ethereum based tokens started evaluating, we did see lots of ICOs and then their tokens started impacting bitcoin's dominance in total crypto matketcap. I always do have second thoughts like if ethereum was not introduced or at least not if it was not heavily bumped, litecoin must have been the king of alts till now. But, now it seems if there were less successful altcoins then people would not have deviated their money into alts but they might have kept their money within bitcoins, which might have helped bitcoin to have value at least up to the level of it's today's fair value.

Is it time to regulate altcoins/tokens/ICOs ? Because, they are misleading investors and by-which making hurdles on bitcoin's progress.

i'm in favor of free markets. if idiots wanna pour their money into crap ICOs, power to them. i've made a lot of money trading the irrational mania in the altcoin/token markets, and i'd like that to continue.

introducing nanny state regulations on top of existing laws won't stop idiots from giving away their money. i can assure you of that! it could kill exchange liquidity (the lifeblood of traders) though, depending on the route regulators take.

eaLiTy

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Quote from: justdimin on January 13, 2019, 01:42:25 AM

Is it time to regulate altcoins/tokens/ICOs ? Because, they are misleading investors and by-which making hurdles on bitcoin's progress.

Many institutions are calling for the alt coin regulation for a long time and some of the countries have taken actions against the inflow of money as there were a ton of scam projects and the flow of money was huge, one of the main reason for the current downfall is the bitcoin cash and SV power battle and there were some hacks in some of the exchanges, these are the main reason for the market slide, i hope that the market wont slide down further.

South Park

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Quote from: coinplus on January 13, 2019, 09:10:34 AM

There will be a sort of regulations on ICO's in the future. Even if not in a legal sense (which could be still possible) there will be self-regulatory stuff. Investors will take a look at any ICO that comes out in a much stricter ways from now on. There was over a billion dollars a month invested into new coins coming up early in 2018 whereas there is barely 300 million right now, that number keeps going down all the time and not because some coins are underfunded, some coins are still getting funded whereas some are not getting any funds at all, that is the difference now.

People do care about where their money goes and they check the ICO much more carefully, they check who is making the coin, the team, the roadmap, the features and everything in between and invest accordingly, so even though there is no legal regulations for now, people are smarter about investing.

When the market was pumping many felt they had no time to do a detailed analysis about the ico in which they were investing since every coin was going up at the time, now that the bubble has disappeared then they have more time to evaluate if a coin is any good, it also helps that many of those investors suffered huge losses and they are not wiling to go through that process again if they can avoid it.

coinplus

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There will be a sort of regulations on ICO's in the future. Even if not in a legal sense (which could be still possible) there will be self-regulatory stuff. Investors will take a look at any ICO that comes out in a much stricter ways from now on. There was over a billion dollars a month invested into new coins coming up early in 2018 whereas there is barely 300 million right now, that number keeps going down all the time and not because some coins are underfunded, some coins are still getting funded whereas some are not getting any funds at all, that is the difference now.

People do care about where their money goes and they check the ICO much more carefully, they check who is making the coin, the team, the roadmap, the features and everything in between and invest accordingly, so even though there is no legal regulations for now, people are smarter about investing.

hisslyness

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I believe a lot of people had the though process of "BTC is too expensive" i best buy a cheaper alt-coin.

Like saying, Berkshire Hathaway Stock is too expensive, i best buy a crappy penny stock.

Can not believe the amount of people who bought into this Ripple (XRP) shit!

clrpod

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I think there are arguments to be made both ways. A lot of alt-coins are scams or junk and they bring a bad reputation to crypto as a whole. But a few have pioneered new ways of utilizing the blockchain and increased the awareness and application for cryptocurrencies. I believe overall bitcoin is better off with alts but some cramping down on scams etc would only benefit the whole.

justdimin

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In the past also (more particularly by late 2013 after bitcoin hit $1k for the first time), every Albert and John started their own cryptos as some people cracked down step by step guides for creating new altcoins (before it was a services by few people with some big payments). Still, bitcoin managed to beat them all and managed to gain value over the time.

But, after ethereum based tokens started evaluating, we did see lots of ICOs and then their tokens started impacting bitcoin's dominance in total crypto matketcap. I always do have second thoughts like if ethereum was not introduced or at least not if it was not heavily bumped, litecoin must have been the king of alts till now. But, now it seems if there were less successful altcoins then people would not have deviated their money into alts but they might have kept their money within bitcoins, which might have helped bitcoin to have value at least up to the level of it's today's fair value.

Is it time to regulate altcoins/tokens/ICOs ? Because, they are misleading investors and by-which making hurdles on bitcoin's progress.

Here is one recent article which will give you an idea on why we must work on regulating altcoins and ICOs:
https://cointelegraph.com/news/st-louis-federal-reserve-report-increased-supply-of-altcoins-will-decrease-btcs-value

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