So many cryptocurrencies ! - page 14.

gurang

jr. member

Activity: 350

Merit: 2

Quote from: fiulpro on May 27, 2018, 08:32:27 PM

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

so many cryptocurrencies because they are helped with this kind of job they are helped financially so they can still invest there

Roksodhon

jr. member

Activity: 124

Merit: 1

With the growing number of crypto currency showed the more famous world blokchain. And there are some positive and negative influences about the large number of crypto currency. Positive influence of investors will have the opportunity of choosing which coins they will buy and the negative impact will be more and more of the people that place these opportunities just to get money and develop the ICO that scam. So I think that it will pretty good ig there any some regulation.

Samaaliu

newbie

Activity: 70

Merit: 0

The cryptocurrencies are just too much everywhere. And more will continue to pop out daily. There should be a way to control the excess cryptos that are being created.

texlipsy

newbie

Activity: 70

Merit: 0

too many crypto currencies bring positive and negative consequences. people are developing new technologies and investors can find various opportunities. but most will disappear and some investors will upset.

Vs225655

member

Activity: 182

Merit: 16

That every year new coins are becoming more and more. This is cool. After all, here people first of all see substantial earnings and will increase the market of coins.
At the expense of the corrupt body! So what are you talking about? As far as I know in the crypt, there is nothing at all about counterfeiting.

hsyncl

member

Activity: 322

Merit: 10

Unfortunately, at the beginning of the problems, I have mentioned from the beginning. There have been so many projects and so many people are starting to support these projects that most of them are almost always left with a huge number of campaigns from the project.

krishnaverma

full member

Activity: 1442

Merit: 108

Quote from: korong ajem on August 12, 2018, 10:54:54 AM

this will make crypto more attractive to many people, but there is the worst possibility if this continues to happen, coin value will be cheaper because traders and investors are divided into various kinds of altcoin

I do not think that it would any benefit because:

1) With so many coins coming up, market share will keep getting smaller for each coin. This will affect the growth of old coins.

2) Most of the new coins do not have any new feature. They will fail and people will loose money.

aaeeggoo

newbie

Activity: 14

Merit: 0

The thing is, there is nothing we can do about it because crypto was developed to further enhance our freedoms. Freedom from corrupt banking institutions that aim only to take our money. There are indeed too many cryptocurrencies popping up here and there and 1624 is indeed a large number. By limiting creation of new crypto, we risk being the same institutions we were trying to prevent in the first place. Just forget the other shitcoins because they won't matter. Only the real projects will remain in the long run anyway.

HasiViraj

member

Activity: 322

Merit: 10

It is beneficial for us since we have a possibility for us to pick on beginning a venture yet every crpytocurrency has its own hazard for us to take when beginning a speculation or intending to exchange. So it is best to learn and attempt to peruse involvement for those individuals who take venture and exchanging as a wellspring of benefit and pay. Since encounter is extraordinary compared to other data we arrive in discussion to help our objectives and dreams with the utilized of digital currencies.

Raycheronef

newbie

Activity: 28

Merit: 0

Competition and a free market will determine wich projects will surpass others and bring their ideas to reality. Choose wisely.

erundook

sr. member

Activity: 448

Merit: 250

Only the top currencies matters everything else is just tokens which will be forgotten and not the big amount of time from now, so you should not be concerned about the rate quantity of cryptocurrencies.

virendarnagpal

member

Activity: 672

Merit: 12

Crypto currency being international will need to be some international authority for regulation. It is really a tough task till time. Developing countries which are accepting bitcoin may agree for the same for there are many other countries i.e. developing countries which have not accepted bitcoin, may be opposing.

Though it some regulatory authority is there; it will be fine. If regulators can keep the scammers away from the market it will be very much beneficial to the innocent investors.

But still regulation is not the guarantee that crypto will be do something wrong with the market persons. Because we have seen so many scams in regulated institutions.

jademaxsuy

full member

Activity: 924

Merit: 221

Quote from: fiulpro on May 27, 2018, 08:32:27 PM

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

There are so many crypto in the market because each crypto has different coin utilization and if you want to start to use cryptocurrency in your daily life living you should start looking for a project wherein you can use your crypto for it and utilize it.

sakokinak

full member

Activity: 518

Merit: 101

Quote from: olalaMaty on August 07, 2018, 10:36:06 AM

With about 1,658 digital currency types, it is important to realize that there are 1,658 digital currency types that need no attention. There are just a few important things to consider and you should choose your potential

Oh, a few days passed and we see that there are over 1800 tokens on the market now! Yes, some of them will survive and give their holders a lot of profit but many of them will simply vanish.

usorin

hero member

Activity: 1134

Merit: 500

Usually the competition in the market is a good fact because usually only the good currency remains in the market. But 2000 cryptocurrency is a bit to much.

samlaode

sr. member

Activity: 674

Merit: 250

Quote from: fiend91 on August 12, 2018, 12:05:55 PM

Few of them have the potential for future growth. I believe that many of them will soon become garbage

The market is probably only about 200 coins with real growth potential. I think this number is too small but it is reasonable because we really have too many trash coins.

Vinalians

sr. member

Activity: 819

Merit: 251

If you just imagine how many of the tokens in the world are getting denied you will see that the cryptocurrencies that are running right now are just a few of them. There are regulations in alternative coins which accepts and deny some of the tokens that will be released. Each of tokens right now have their own purpose and we should be glad about it.

Anarchist

sr. member

Activity: 531

Merit: 258

Ye so many cryptocurrencies but the good news are the majority will disappear or abandoned then only the useful one with be used. Do you know the Darwin theory? It will apply to the crypto world. If you are really interested in crypto (I am not talking about speculating) then you will use maybe 5 cryptos at max. Bitcoin, ETH, 1 or 2 ERC20 based and privacy coins like Zencash, Cloakcoin, etc. You won't have to decide which ones to use, it will come naturally to you

bololord

full member

Activity: 420

Merit: 101

Quote from: fiulpro on May 27, 2018, 08:32:27 PM

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

Each in every coin has its own time to boom and bloomed they grow in a span of time given a chance and as bitcoin also grow and expand and rise it value these coins will move, and also its up to the developer's job to take care of these coins.

fiend91

member

Activity: 182

Merit: 10

Few of them have the potential for future growth. I believe that many of them will soon become garbage

Topic: So many cryptocurrencies ! - page 14. (Read 6272 times)