So many cryptocurrencies ! - page 24.

mitchr4

legendary

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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 ?

The number of cryptocurrencies today certainly brings a positive effect to the world of crypto it's a sign of cryptocurrency already known by many people of this world. It's just that many people who make their own crypto currency by not developing it well so much also abandoned cryptocurrency.

Lucifers

member

Activity: 107

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Depending on the thinking of people who want to judge other crypto currencies other than bitcoin. But I think that as more and more new altcoins emerge it will make the crypto currency more popular among the laity.

painting_money

newbie

Activity: 83

Merit: 0

right . When I first invested in this market, it was hard to find a penny to invest because the market was so crowded.

Febriana98

member

Activity: 224

Merit: 10

I'm currently using the BitUniverse app and there are 5032 active coins listed right now, I think it's not fair, we all need various types of crypto coins, but if it's excessive like now I think the market will be crushed...

East2011

member

Activity: 454

Merit: 10

"Reserve Your Ledger at GYMLEDGER.COM"

Indeed there are so many crypto that are introduce in the market. But not all of this crypto has the same fortune ahead. Some succeeded but there are many cryptos die. Because they have nothing to offer.

i-spn

newbie

Activity: 152

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Really trueth. So review the technical details.

weblouartisan

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Activity: 448

Merit: 100

Lets Go Adab

Quote from: uptown04 on July 17, 2018, 11:24:52 AM

yeeesss there is definitely too much cryptocureency and even that i think there is no reason of being that much in number so it is just waste but however we don t have what to do so just what have to do ıs pıckıng up for yourself the best one and the most valuable one.

There are always new cryptocurrency that is being introduced by different ico's every month and it only means that bitcoins today is really profitable because it is widely used by different people.

Rony24h7

member

Activity: 336

Merit: 10

This is the most uncertain place to invest in this whole globe I think. Every marketplace requires some major things that make a marketplace. If we see that cryptocurrency market pace has nothing like that at all. There are some major things need to run any marketplace like a good community but it's not still there and don’t know when its happening.

Another worst thing about this marketplace is there is no management in this marketplace you know something sometimes I think there should a strong community must need in this market place who monitor all the messy things about the market. There should be some terms and condition should be held to control the market very strongly. There is also some verified coins needed to the market place which help people to invest more and protect form scams. If s0me community will create in future and mark some coins as valid then this market palace is more reliable to the new people and for every people till then let's face all scams and all the ups and downs of this beautiful marketplace.

nabinkhadka

newbie

Activity: 168

Merit: 0

These are the major headache for normal investor. I see each day at least 10 new cryptocurrencies are listed in coin market capital. experts still claim more than 90 percent of this crypto currencies will not be in use in next 10 years which is very true seeing this trend. safe investment guys

Kapee

jr. member

Activity: 182

Merit: 1

There are so many cryptocurrencies on the market and each day and time, people use to ask themselves which ones are worth to generate fund so they invest in that. Say no to scam ICO's

Priestly131

newbie

Activity: 62

Merit: 0

I strongly side with you. I believe there should be a regulatory body in the crypto community to regulate the influx of new altcoins. Although competitions in the market is good in its own way as it helps determine ‘strong coins’, nevertheless the increasing number has also lead to increasing fraud in the crypto market, leading to instilling some fear in investors.

Kamote29

newbie

Activity: 84

Merit: 0

There are so many currencies in crypto market and all are having their own advantages.At present bitcoin is the king of all cryptocurrencies.It has many benefits and is very beneficial for the investors.As we can see that number of investors are increasing day by day. Digital currency is in trend these days and in coming decades it will going to become the global currency.21st century is the era of technology and cryptocurrency is one of the advancement of this century.

andika2018

member

Activity: 700

Merit: 10

Quote from: uptown04 on July 17, 2018, 11:24:52 AM

yeeesss there is definitely too much cryptocureency and even that i think there is no reason of being that much in number so it is just waste but however we don t have what to do so just what have to do ıs pıckıng up for yourself the best one and the most valuable one.

In positive way, we have many option to investing our money. But in negative way, we can not check every coin one by one and making research on their project because its too many different project in market. The best thing I can do is investing on top 100 or 200 coin in market

yonjitsu

full member

Activity: 476

Merit: 100

www.daxico.com

Quote from: gunhell16 on July 17, 2018, 12:20:32 PM

tehre are so many cryptocurruncies but only few of them has the great potential.
in this i should say, get ready to study again and make some research.
everything is good, but it is better if you are on the right side,

Even those cryptos that you think that has great potential will even fall sometimes and at worst, it won't rise again as the team behind it leaves the crypto as it can't compete in the cryptomarket anymore. So many cryptos around and most of them are competing each other to the end and only those very strong crypto will survive in the "survival of the fetish" environment.

nayeel

newbie

Activity: 112

Merit: 0

So many cryptocurrencies have in the world.Every crypto currencies has their own roadmaps.a competitive market is a must and only the strongest and most trustworthy coins will survive.

Alifal

newbie

Activity: 196

Merit: 0

let the competition determine the quality of a currency.So many cryptocurrencies have in world.if any company want to develope, then they should really give the best for their currency to get many investors.

gunhell16

hero member

Activity: 1666

Merit: 453

tehre are so many cryptocurruncies but only few of them has the great potential.
in this i should say, get ready to study again and make some research.
everything is good, but it is better if you are on the right side,

m1c0

jr. member

Activity: 148

Merit: 3

Quote from: kasurnya on July 17, 2018, 11:58:34 AM

Quote from: m1c0 on July 17, 2018, 11:45:18 AM

Yes there are now far too many crypto currencies, and unfortunately there will be more and more.
I think the next bubble bursts in the sense of many currencies will "die out". But that only means that they will be worth very little.
At the moment there are a lot of useless tokens that are constantly thrown onto the market by new icos just to make it a new token
and the name Blockchain is abused to promote their product.
In the end (a lot of currencies) doesn't even matter.

there must be a regulatory body, which approves the token is appropriate or not to be distributed in the market.
if it continues like this, it may have a negative effect on bitcoin.

I don't think it effects bitcoin at all. There are just a lot of alts that could easily be replaced by bitcoin or any other "good" altcoin.

kasurnya

newbie

Activity: 152

Merit: 0

Quote from: m1c0 on July 17, 2018, 11:45:18 AM

Yes there are now far too many crypto currencies, and unfortunately there will be more and more.
I think the next bubble bursts in the sense of many currencies will "die out". But that only means that they will be worth very little.
At the moment there are a lot of useless tokens that are constantly thrown onto the market by new icos just to make it a new token
and the name Blockchain is abused to promote their product.
In the end (a lot of currencies) doesn't even matter.

there must be a regulatory body, which approves the token is appropriate or not to be distributed in the market.
if it continues like this, it may have a negative effect on bitcoin.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

Quote from: uptown04 on July 17, 2018, 11:24:52 AM

yeeesss there is definitely too much cryptocureency and even that i think there is no reason of being that much in number so it is just waste but however we don t have what to do so just what have to do ıs pıckıng up for yourself the best one and the most valuable one.

Well, cryptocurrency has many types, and it's called altcoin. in addition, the coin has different functions. sometimes a coin will focus on a field. so it's like competition, and losers will lose their price.

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