So many cryptocurrencies ! - page 20.

putriangel

member

Activity: 111

Merit: 10

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 positives and negatives if more and more new crypto currencies are emerging as well as each currency crypto must have its own roadmap if we look at every ICO certainly different, although there are some ICOs that just follow some roadmap from existing ICO. But I prefer the positives, because the more crypto currencies people in the world are also increasingly knowing that the crypto currency is valuable.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

From my experience in crypto world I am beginning to believe that the more influence government has on the economy the worse the economy becomes. I live in a place with a government that prevents many people from establishing similar Companies/industries in order to be able to control few owners. If you refuse to be controlled the political elites will frustrate you until your Business is destroyed.

Too much government in business is the cause of underdevelopment and poverty. Government is obsessed with controlled.
Crypto community must do everything it can to prevent government from interfering with cryptocurrency business.

stellgod

full member

Activity: 659

Merit: 101

Quote from: chrisculanag on July 19, 2018, 12:58:57 AM

Every crypto has a different purpose in the blockchain and some of this is very important . But most of all crypto are in trading purpose only . Mostly crypto is from ico`s , and every ico`s have a road map and whitepaper it is very important in every ico. This is my only know about crypto.

The basic purpose is to improve the economy of man and hence a country. Bitcoin is one great crypto currency and it has numerous advantages and can really have a good effect on the growth of a country. It not only employed people but also gave them financial freedom and the freedom to invest without any hurdle which otherwise would never have been possible in monopolistic or monopolistic market structure. There are so many crypto currencies right now in the market and all have their own magic.

binghope

newbie

Activity: 224

Merit: 0

With the mobilization of capital through the program ico is always one of the most attractive ways to mobilize capital. Perhaps the market never collapsed because there are so many coin only the coins are constantly falling.

olumyd

full member

Activity: 658

Merit: 117

I'd like to see each of those 1600+ 'currencies' or 'projects' if you may, as a piece to a larger puzzle. If there are no copycats among them, then we have over 1600+ solutions existing to blockchain problems. Which means that integrating these solutions in a wholesome manner can be more rewarding and advancing for blockchain enterprise than setting regulations.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: olumyd on July 26, 2018, 10:49:32 PM

IMO, having too many cryptocurrency projects are not the major problem, seeing that even the exchanges themselves have take course for action to that effect - as many currencies fall below the trading threshold get delisted (among other criteria). However, a consolidation of most of these technologies appearing to have similar infrastructures and solution metrics should be considered. Then, we'd have more organization, as companies will come together with bits and pieces of solutions to bigger problems and solve them symmetrically.

Each of these companies could coalesce and maintain their individuality, and profit from shared resources, and still gain economically.

Sadly, we only treat these digital assets as trading, mooning, or Lambo-breeding instruments. Hence the extravagance.

I agree that having a lot of cryptocurrencies is not a problem and we should be thankful that there is a lot of cryptocurrencies because we can grab a lot of opportunities that we might see in the cryptocurrency space, it is all about looking for the good and not the bad which can help us to become better and successful.

KingScorpio

sr. member

Activity: 1470

Merit: 325

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 ?

they all have the same legitimacy like bitcoin, not more and not less. and they all have same substance, there is actually and should actually be no privilege for bitcoin there is no reason for that.

olumyd

full member

Activity: 658

Merit: 117

IMO, having too many cryptocurrency projects are not the major problem, seeing that even the exchanges themselves have take course for action to that effect - as many currencies fall below the trading threshold get delisted (among other criteria). However, a consolidation of most of these technologies appearing to have similar infrastructures and solution metrics should be considered. Then, we'd have more organization, as companies will come together with bits and pieces of solutions to bigger problems and solve them symmetrically.

Each of these companies could coalesce and maintain their individuality, and profit from shared resources, and still gain economically.

Sadly, we only treat these digital assets as trading, mooning, or Lambo-breeding instruments. Hence the extravagance.

J.roca

brand new

Activity: 0

Merit: 0

With authoritative body there will be less coin and in a perfect world it can decrease the deception coin, anyway people fit toward crypto to be decentralized, in truth a substantial bit of monetary experts like crypto in light of the fact that its decentralized, so even I think managerial will give valuable result on the theorists, yet I think the examiners slant toward a decentralized wander

gunungkembar

member

Activity: 576

Merit: 43

yes you are right now a lot of cryptocurrency is created and in my opinion if very much cryptocurrency created then there will be many benefits that you can make and it has become increasingly difficult to determine good coin or not.

Almerols

newbie

Activity: 1

Merit: 0

With administrative body there will be less coin and ideally it can diminish the misrepresentation coin, however individuals lean toward crypto to be decentralized, in truth a large portion of financial specialists like crypto on the grounds that its decentralized, so even I think administrative will give beneficial outcome on the speculators, yet I think the speculators incline toward a decentralized venture

Macai

full member

Activity: 420

Merit: 100

I don't think it would be prohibited to have so many crypto currency, what makes crypto currency a crypto is the involvement of crypto coins open to market and their are still lots of it coming.

mary0919

full member

Activity: 476

Merit: 100

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 ?

That is true there are lots of crypto coins appears in the market and in the crypto business. Inviting here and there and offering different type of marketing in order for their project to be successful. So if we will be successful also investing for some coins we need to read and get updating on the project we will investing because there are also lots of scam investment of crypto that are appearing around so be careful with it.

derocas

newbie

Activity: 3

Merit: 0

Each digital forms of money has their own particular guides and I think it is their responsibilities, designers, to take the street that in their brain, will make their crypto effective. In the event that their digital forms of money did not survive the merciless rivalry with a considerable measure of different adversaries then I imagine that is the blame of the designers and we don't have to consider it since we are simply constructing our interests in light of their tentative arrangements and systems.

ngawethu1

newbie

Activity: 60

Merit: 0

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 ?

I totally agree with you. there are so much cryto currencies today. it would lead to the result that the crypto market is mess. Scam coin is anywhere so we always have to evaluate their price carefully. people is getting lost their believe in cryptocurrencies recently.

Msbeths

brand new

Activity: 0

Merit: 0

Each advanced types of cash has their own specific aides and I think it is their obligations, architects, to take the road that in their mind, will make their crypto successful. If their computerized types of cash did not survive the savage competition with an impressive measure of various enemies then I envision that is the fault of the originators and we don't need to consider it since we are basically developing our interests in light of their speculative plans and frameworks.

dillema018

member

Activity: 214

Merit: 20

Quote from: redsap on July 25, 2018, 12:39:17 PM

Yeah there is a lot of crypto currency and just a few of that are diamond but still altcoin in crypto currency are still needed and can be good to investing in it just need a lot of investigation before take a further step

The number of crypto currency depends on the developers behind it, because of that number, some of them are not succeeded in their fields and did not recognize by the community.

Ladyechy

newbie

Activity: 146

Merit: 0

I do not think it necessary to make rules about this issue, let the competition determine the quality of a currency. If their crypto currency does not survive in competition, then I think it is the developers fault and we do not have to think about it because we are just basing our investment. They should really give the best for their currency to get a lot of investors.

Coinworld98

newbie

Activity: 49

Merit: 0

I am particularly not comfortable with the way the cryptocurrencies are many and the list is not even over yet. More are still going to come up. Some of them are created just to make money. I wonder if something can be done to stern the rate at which new cryptocurrencies are created on weekly basis.

redsap

member

Activity: 336

Merit: 10

Harmony for One and All

Yeah there is a lot of crypto currency and just a few of that are diamond but still altcoin in crypto currency are still needed and can be good to investing in it just need a lot of investigation before take a further step

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