Topic: So many altcoins. What are their REAL use? - page 3. (Read 1354 times)
From all of the altcoins that available today, there are many that has no real use. Many of them are just be used merely for trading or for investment only, cause the implementation for the altcoin in real use is still limited.
Most of them are nothing, either they just a money grabber used by the so-called "project developer" and then after you buy the coin, the project will just disappear and they will make kinda "fail project announcement" so they can get away with it. Or, those coin are just a pump and dump coin, so the early investor and buyer can get much profit. Investing in altcoin is very risky so you better do a deep research before you put your money into any altcoins.
Most altcoin has no real use .. That is why investor and bounty hunter must understand ICO & STO concept well before they go into it .. most company lunch ICO to raise fund to start their project . As investor when you are buying ICO make sure the project is solid and the team are for real .. When you are buying token is like buying shares of the company . If the project fails your token will fail in value .. and investor must know the company annual revenue profit and percentage they going to used to buy the token from investors and burn it .. allot of altcoin are useless because there is no solid project behind it ..
Lots of coins and tokens that don't have a clear purpose, they only make and sell in the market so it's easy to drop, and unfortunately most coins don't have real products so investors are afraid to invest in the long term.
Actually, if I think why we buy coins for our investment, because in addition to trading and also the function of these coins that we will use in daily activities, for example as investing in Ethereum coins, besides I like trading in exchange I also use Ethereum coins as transaction payment instrument to buy ICO and also for gas.
Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
What are their real use? I guess trading. Trading such altcoins provide use for them on the market. Rather than just letting it on the market without practical purpose. We should utilize even those altcoins that are not in the top 100 if we want to let them stay on the market.
I do not see the effect of altcoin in 2018. Maybe it was created only to scam investors, more than 80% of altcoin has died, according to my assessment. Only altcoin in the top 50 coinmarket is really living
there are still many project living and continue developt their plan.in this market have more 2000 coins that much of them unknown as good projects.if we could find them maybe will appear coins that could implemented in real use.
I do not see the effect of altcoin in 2018. Maybe it was created only to scam investors, more than 80% of altcoin has died, according to my assessment. Only altcoin in the top 50 coinmarket is really living
With thousands of coins in the market and on ICO stage investors and bounty hunters should carefully check if the coins that they want involvement, are just a clone of existing one and those admins are admins of the past coins that failed it's supporters, checking will save you time and money.
I'm not the type of person who buys a thing which has no use at all. Crypto is basically a third party payment platform beside fiat payment.
No.One alts developer honestly told that alts are kind of alternative mining
Buy low sell high to get maximum btc reward
I think it is honest and very much true
At old good time during btc first pump any new alts what have appear was new bitcoin
Than after btc dump there was much more them
Mostly they had some use case same like current ico
And same like current ico all of them was scams just much cheaper than ico tokens
Buy low sell high to get maximum btc reward
I think it is honest and very much true
At old good time during btc first pump any new alts what have appear was new bitcoin
Than after btc dump there was much more them
Mostly they had some use case same like current ico
And same like current ico all of them was scams just much cheaper than ico tokens
if in this case it is categorized as a real use, I don't think it exists. because so far altcoin is only used for trading in the market.
google HEROcoin (PLAY), real case, online esport betting platform...price is low, it is on my radar
Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
This is exactly one of the reasons for a bearish 2018
Most of the altcoins have not one real use case
Which means there is no purpose for buying or storing them
Altcoins should do better
The basic reason for holding is to patiently wait for project to develop and for the coin or tolen representing the project to get traction and mature in cryptocurrency market while the developmwnt of the project is reflected in market value of it's token!
At the moment, a very small number of projects have been able to really adapt their token to be widely used. This problem is primarily related to the blockchain and technology. Sure in the future everything will be much more convenient.
Most altcoin has no real use .. That is why investor and bounty hunter must understand ICO & STO concept well before they go into it .. most company lunch ICO to raise fund to start their project . As investor when you are buying ICO make sure the project is solid and the team are for real .. When you are buying token is like buying shares of the company . If the project fails your token will fail in value .. and investor must know the company annual revenue profit and percentage they going to used to buy the token from investors and burn it .. allot of altcoin are useless because there is no solid project behind it ..
Try to invest a lot of time in researching projects, because as you have mentioned above, there are too much scam projects out there at the moment. I would recommend to invest in projects that have already released their working solutions.
Project tokens can have different purposes. For example, tokens can serve as a reward for mining or maintaining the network, and since the number of coins is limited, their value increases over time. Also, tokens can be accepted as payment in the project application for any services or additional features, all this makes them valuable.
Many altcoins do not have actual value. Therefore, I am wary of the altcoin. This year, many altcoins have depreciated a lot, making countless investors go bankrupt. It is very dangerous to invest in altcoins. Investors should pay attention to safety.
Many people write that most altcoins are used for speculation. But take examples of crypto-enthusiasts, none of them thought about bitcoin in 20K, and no one thought about platforms and smart contracts. What will be tomorrow? The financial banking system is already very concerned about such a strong competitor.
Jump to: