So many cryptocurrencies ! - page 26.

Averim

member

Activity: 515

Merit: 12

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 ?

Usually it is good to have many actors in the market, you have from where to chose, but in the same time it brings down the value of the market and is getting harder to make the right investment choises.

Umuoji

jr. member

Activity: 188

Merit: 1

You can say that again,we have so many cryptocurrencies these days and it is so good for the market because it will create room for competition and it will bring out the best out of the developers

angrynerd88

sr. member

Activity: 910

Merit: 253

Hodlers Network

Cryptocurrency is big revolution,Crypto market increasing and competition is also incresing,Competition will be beneficial for all investors and traders it will allow many alternatives to trade and invest.
It is better to learn about cryptocurrencies and choose stable coins for trading because good selection will lead good results.

lestariptr

full member

Activity: 287

Merit: 100

Yes indeed there are so many cryptocurrencies. But do not worry about the number of cryptocurrencies. Everything competes to continue to be used by many people. Who no longer has the potential and appeal of it will be abandoned. So this is like a competition between coins.

Unlitinated

newbie

Activity: 29

Merit: 0

Economy has its biggest root - competition! If the competition is limited the growth and overal public production quality is going down. Same is about cryprocurrencies. I'm pretty sure that only 100 will survive the rest will die and this is naturally. But I really don't want some body to regulate the number of cryptos centrally.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: JohnWick_Bitcoin on July 14, 2018, 02:38:39 PM

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 ?

In my own opinion, its fine that there's so many cryptocurrency because it only means that bitcoins will keep on growing since the competition will be tighter in the future and more platforms is going to come.

But its somewhat intimidating if you are new into the crypto market because of so much altcoins (shitcoins) so chose from that you are really saturated and don't know what to do unless you have some guidance to help you understand the ins and outs of this industry.

On the other hand, having so much crypto sometimes took away money from bitcoin. Because the supposed to be money that should go to bitcoin market, was instead poured on altcoins (shitcoins) and when someone looses, they all bitching it out that they regret their decision and should have put their money on bitcoin ecosystem instead.

That's really a expensive lessons to learned at the beginning of your career.

Marlo Stanfield

sr. member

Activity: 490

Merit: 280

Quote from: Ericgreen on July 14, 2018, 05:41:57 AM

Quote from: kiloiko on July 12, 2018, 01:36:51 AM

Quote from: Lang09 on July 05, 2018, 08:54:44 AM

It is good for us because we have an option for us to choose on starting an investment but each crpytocurrency has its own risk for us to take when starting an investment or planning to trade in. So it is best to learn and try to read experience for those people who take investment and trading as a source of profit and income. Because experience is one of the best information we get here in forum to support our goals and dreams with the used of cryptocurrencies.

Now people are confused to see a lot of cryptocurrencies in the modern market and we are also gazing at all these cryptocurrencies because all the modern technologies are responsive but we can see clear difference in values. Now we are in position to decide either goes for long term or short term we will get benefit. Go for long term wit Ethereum and the Bitcoin especially while for short term choose Altcoin and Litecoin.

There are only 1600 coins in the whole world and do you think this is more in quantity ? I guess No. Each business and project can have a coin and If you think in this way then there needs to be millions of coins associated with millions of projects.

When there's no reason or no obligations from all of those 'coins' yes yes it's way too much of a quantity. The ratio between legit crypto providing value, or even just tokens from a legitimate business is really bad. There's so much garbage out there now that it's at the risk of just poisoning the whole concept. Outside of Bitcoin itself that is.

JohnWick_Bitcoin

member

Activity: 308

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 ?

In my own opinion, its fine that there's so many cryptocurrency because it only means that bitcoins will keep on growing since the competition will be tighter in the future and more platforms is going to come.

Glorypaasa

full member

Activity: 420

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 ?

The investment in the crypto coin is too much and it breaks the trading power. And most of the deceivers. It's hard to understand people. And every day a new medallion comes out. I think this situation should slow down. It's like a file that takes up unnecessary space in memory. It is necessary to find a remedy for this situation.

suzanogbomo

newbie

Activity: 154

Merit: 0

The list is likely to grow even larger.Just under 40 percent of ICOs that successfully launched an ICO are listed for now plus the fact that more are still being conducted.

fredo123

full member

Activity: 350

Merit: 100

Quote from: ylnar123 on May 28, 2018, 05:10:14 AM

Quote from: b3j0 on May 28, 2018, 02:48:29 AM

I do not think it necessary to make rules about the issue, let the competition determine the quality of a currency. we have the same rights here, but they should really give the best for their currency to get many investors.

I strongly agree with this thoughts. That is where competition will become alive. Companies should be motivated to make their currencies even more favorable by the public with the best services they can offer.

While bitcoin was the first cryptocurrency and has since been the largest in terms of market capitalization many alternatives has come out with variations on the core bitcoin protocol and underlying technology. The alternatives vary in many ways from purely technological differences to core variations in the cryptocurrency's purpose. One example of a simple technological difference is the total number of coins that exist within specific currency. While Bitcoin is capped at 21 million coins and ripple has a total of 100 billion ripples. Ethereum has no hard maximum as such. Ethereum supply has grown roughly 10% a year through mining on the network since its inception but an upcoming proposed change will bring this supply increased to a much smaller .5-1% fairly soon. There is still no limit though a small but definitely present difference from other cryptocurrency.

Ericgreen

jr. member

Activity: 92

Merit: 1

Quote from: kiloiko on July 12, 2018, 01:36:51 AM

Quote from: Lang09 on July 05, 2018, 08:54:44 AM

It is good for us because we have an option for us to choose on starting an investment but each crpytocurrency has its own risk for us to take when starting an investment or planning to trade in. So it is best to learn and try to read experience for those people who take investment and trading as a source of profit and income. Because experience is one of the best information we get here in forum to support our goals and dreams with the used of cryptocurrencies.

Now people are confused to see a lot of cryptocurrencies in the modern market and we are also gazing at all these cryptocurrencies because all the modern technologies are responsive but we can see clear difference in values. Now we are in position to decide either goes for long term or short term we will get benefit. Go for long term wit Ethereum and the Bitcoin especially while for short term choose Altcoin and Litecoin.

There are only 1600 coins in the whole world and do you think this is more in quantity ? I guess No. Each business and project can have a coin and If you think in this way then there needs to be millions of coins associated with millions of projects.

neonshium

hero member

Activity: 1134

Merit: 515

Quote from: drm on July 05, 2018, 08:59:05 AM

Quote from: kumala_abi on July 05, 2018, 08:45:34 AM

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.

Those profits come from somewhere, they come from other people buying the coin in question. Most likely a worthless erc20 token or yet another masternode coin, making sure they will never recoup their money. So good for you doesn't mean good for others.

Let me choose the Bitcoin in these favorable situations because the Bitcoin situations are in our benefit if we invest now. The current market is encouraging us to get a lot of Bitcoins using less money as compared to that of normal market investment for same quantity of coins.

Besides the Bitcoin many other coins are also available for investment which will also benefit but you must see and notice what is going in market.

Antonina

jr. member

Activity: 280

Merit: 1

I think that there is no need to make rules on this issue, let competition determine the quality of the crypto currency. we have the same rights, but they should best use their currency to attract many investors.

quesi_job

copper member

Activity: 98

Merit: 1

The world's adoption of cryptocurrencies has lead to the rise of bad hands. It's relatively easier to start a project just to raise huge sums of money to the innocent souls. It about time we pay much attention to the projects we contribute. Comprehensive evaluation and security protocols must be laid down help people not to fall, victim cancer!

lamthanh3462342

newbie

Activity: 182

Merit: 0

As such, there are thousands of cryptocurrency every day, making small investors have to bother thinking. One of them is fraud, if you do not find out the loss of money is obvious when you invest in. This has made the state's cryptocurrency more skeptical.

Levin23

newbie

Activity: 101

Merit: 0

Yes, it must be set up to handle the new Cryptocurrency. besides the new ICO must also have a regulatory body, because now many ICO Counterfeit, this is very detrimental. There should be a list of ICO boards showing genuine or fake ICOs so we do not have to worry about fraud anymore and we minimize fraud.

anushkasachith888

member

Activity: 546

Merit: 12

There could be plenty of cryptocurrencies but people remember only limited cryptocurrencies. because those are the only reliable projects. I think we don't have to worry about the number of coins that available in the market. because naturally, useless shit coins will disappear themselves with the time.

ace1105

newbie

Activity: 107

Merit: 0

Quote from: alexsandria on July 12, 2018, 06:53:25 AM

Quote from: kumala_abi on July 05, 2018, 08:45:34 AM

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.

There is no doubt that right now there are so many cryptocurrecies and i am sure that there will be more crypto will be made and will list on the market before this year of 2018 will end but i have some advice for all those investor, just always invest on a promising coin.

You are right, as time passes by more and more coins and tokens are created and it is really hard to tell how stable those project will be in the long run so we really need to be more careful in making investments.

alexsandria

sr. member

Activity: 896

Merit: 268

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Quote from: kumala_abi on July 05, 2018, 08:45:34 AM

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.

There is no doubt that right now there are so many cryptocurrecies and i am sure that there will be more crypto will be made and will list on the market before this year of 2018 will end but i have some advice for all those investor, just always invest on a coin that have future.

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