Actually we will have hundreds of thousands of ICO that will listing on CMC in the next few months and years. So be more attentive on this one. Coz more companies will create their token to incentivize by using the blockchain technology.
Pretty much like stock, everyone are trying to do IPO while most of them im sure will be failed because it's natural selection. ICO is no different, people would eventually realize that ICO is no different than IPO in term of crowdfunding. 
Topic: Should there be that many cryptocurrencies that exists? - page 2. (Read 701 times)
As of August 2018, there are over 1600 cryptocurrencies that exist, according to Wikipedia. I know that Wikipedia isn't the most reliable of sources because anyone can edit it whenever they want, but the point is the number of cryptocurrencies being introduced. Some of the new cryptocurrencies I've heard were DeepBrainChain, ByteCoin, IOST, and Elastos. There's also a new coin called Virie, which is apparently a cryptocurrency used to crowdfund and jumpstart the Virternity Project, a project that aims to digitized our minds, economy and the society. I believe that not all new coins aim to scam people, but do we really need more cryptocurrencies? Do we need new cryptocurrencies for every project that exists? Why can't there be one or five cryptocurrencies that all projects can use?
because everyone wants to be a boss, even though they don't have the intention to do a scam. The problem is that each token has a different function, so they always release new companies and have the product that is seeded. maybe in the future we will see useless tokens which will be converted into one new thing
Yes there will be many Cryptocurrencies that will exist as long the project has real use cases then this is part of revolutionary platform. As CZ said CEO of Binance there will be more cryptocurrencies that will exist and most of this coins are back up by different kinds of industry.
It seems to me that today there will be quite a lot of development of the project, but in any case only those who the community will trust and whose project will be in demand the most will remain .
Yes there will be many Cryptocurrencies that will exist as long the project has real use cases then this is part of revolutionary platform. As CZ said CEO of Binance there will be more cryptocurrencies that will exist and most of this coins are back up by different kinds of industry.
No one knows which coins could be good and somehow the coins which will follow in the footsteps of bitcoin. many new cryptos may have the impact of good and bad. but this will give you good results because a lot of the new technology gives certainly crypto. of that will be identified which coins could be best not even impossible to beat its predecessor.
Actually we will have hundreds of thousands of ICO that will listing on CMC in the next few months and years. So be more attentive on this one. Coz more companies will create their token to incentivize by using the blockchain technology.
There will be more cryptocurrencies which will be created before the year ends. This is because the blockchain technology is now being integrated in so many industries thereby leading to the creation of so many cryptocurrencies.
Many of the coins are trash. There are projects that do not need a blockchain and it turns out that their coin will be useless. We need to have several good project in different areas of our life, which would simplify our lives and it will be enough.
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I dont see any problem if we have many cryptocurrencies in the market because most of the new created coins are fixing the vulnerabilities of some old coins which is the reason why altcoin were created from the day 1 from the debating which occurred due to bitcoin limit and I believe this was the reason Satoshi make bitcoin protocol and code to be open source.
The most important is creating genuine and outstanding coin. Once we have that there's no problem in having many coins.
The most important is creating genuine and outstanding coin. Once we have that there's no problem in having many coins.
Every coin is unique in its own way. Each project is different. These projects are built on different blockchain which offers different features. So, yes, we need different cryptos. But to be honest, not all of these altcoins are any good. Many of turn out scams and it's sometimes so overwhelming just to get a proper idea about a good altcoin.
Every coin has its own features. Each are used in their unique projects. These projects are for different purposes, so we need many cryptocurrencies.
In my opinion it is not bad to have many cryptocurrencies in the market. All the cryptocurrencies have unique features and out of them all the strongest ones will eventually survive.
All crytocurrencies are not expected to win the race. There might be some that will rise above and might be massively adopted. Bitcoin, Ethereum could be some of them.
We have the same question pal. I used to wonder about that also before. If there’s no halt in producing altcoins again and again maybe it will have a big affect in market even to Bitcoin itself. Since the volume of investors that is supposed to be for Bitcoin is now divided to other altcoins .
The problem here is not altcoins being created. People can freely create altcoins as much as they want and there's nothing we can do about it. The problem here is that people still "invest" in certain altcoins that are obviously is a scam or at least has a useless use-case.Hopefully by time, people are gonna use their brains a lot more. Being able to do ICOs is GREAT in my opinion. If only it wasn't filled with scams.
As of August 2018, there are over 1600 cryptocurrencies that exist, according to Wikipedia. I know that Wikipedia isn't the most reliable of sources because anyone can edit it whenever they want, but the point is the number of cryptocurrencies being introduced. Some of the new cryptocurrencies I've heard were DeepBrainChain, ByteCoin, IOST, and Elastos. There's also a new coin called Virie, which is apparently a cryptocurrency used to crowdfund and jumpstart the Virternity Project, a project that aims to digitized our minds, economy and the society. I believe that not all new coins aim to scam people, but do we really need more cryptocurrencies? Do we need new cryptocurrencies for every project that exists? Why can't there be one or five cryptocurrencies that all projects can use?
Wikipedia is more reliable than some people think in fact, even if anybody can edit it. It ends up being an strength at the end in most cases.
I personally believe that so many cryptocurrencies it's unnecessary, but we also have to understand that they use those coins to fund startups and at the end they just keep them instead of eliminating them after - Since a great part of people buying those coins is precisely with hope to get big profits in the future.
We only need Bitcoin and Ethereum at the end.
I don't think such amount of cryptocurrency is needed but to be honest, there is a little amount cryptocurrency is there with utility while the others are nothing but some shitcoins. So, we need more real utility coin for using our daily life.
As of August 2018, there are over 1600 cryptocurrencies that exist, according to Wikipedia. I know that Wikipedia isn't the most reliable of sources because anyone can edit it whenever they want, but the point is the number of cryptocurrencies being introduced. Some of the new cryptocurrencies I've heard were DeepBrainChain, ByteCoin, IOST, and Elastos. There's also a new coin called Virie, which is apparently a cryptocurrency used to crowdfund and jumpstart the Virternity Project, a project that aims to digitized our minds, economy and the society. I believe that not all new coins aim to scam people, but do we really need more cryptocurrencies? Do we need new cryptocurrencies for every project that exists? Why can't there be one or five cryptocurrencies that all projects can use?
I will not comment on the number quoted by Wikipedia, but it's indeed true there're many cryptos in the market and it's very difficult to keep a track of those. I have always preferred quality over quantity, but when it comes to crypto world sadly that's not the case. There's nothing one can do expect weed out the spammy coins and if interested collect decent ones, while I don't like alts I have added few to diversify my portfolio but I'll sell them as soon they rise and buy more bitcoins.
I don't see something bad about this. Some project will be dead and some of them will survive and of corse people won't stop making investments
Any one can create a coin (that doesn't mean it has value).
One of the many problems that you'll notice is most coins tend to lose value because of Bitcoin price movement which stops others from supporting a certain coin even if it's legit.
Are their prices dependent on bitcoin's own prices, or can they simply allot whatever price they want for their altcoins?
my opinion for this situation is that it is good to have lots of coins because they give us more options but not the fake ones i mean not to copy from the top coins and to make exactly same thing.
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