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Topic: So many cryptocurrencies ! - page 36. (Read 6272 times)

member
Activity: 280
Merit: 10
June 25, 2018, 12:19:57 AM
I think the wise man will always choose the right one, regardless of the cost. Competition is good to distinguish what will be a strong and potential coin. And I do not think there's anything wrong with having thousands of cryptocurrencies around the world. Because it will be a community decision about what they want to invest
copper member
Activity: 278
Merit: 0
June 23, 2018, 09:52:40 AM
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 only few cryptocurrencies that are good for long term and short term investment. If you want to do long term investment, I prefer to you yo buy Ethereum, Monero, Dash , Bitcoin Cash, Litecoin, EOS and of course Bitcoin. Those coins are the best and the most profitable coins.

 i would add xvg and etc to that list and few others
sr. member
Activity: 686
Merit: 359
June 23, 2018, 09:45:21 AM
yes in my opinion too many cryptocurrency are listed in coinmarketcap and it is very confusing me. many coins are abandoned due to the large decline.

most of them are open source. you can read source code and whitepaper to understand purpose of the coin. also volume is good indicator. volume shows community size.
jr. member
Activity: 252
Merit: 4
June 23, 2018, 09:43:41 AM
yes in my opinion too many cryptocurrency are listed in coinmarketcap and it is very confusing me. many coins are abandoned due to the large decline.
jr. member
Activity: 154
Merit: 1
June 23, 2018, 09:37:12 AM
you can't deny the frenzy right now that COULD net a huge short-term profit (which you can then re-invest into your long-term holds!) , it's pur speculation phenomen





I think before getting into this kind of business, whoever did it, whether individuals or groups of people (such as exchanger) should know that it is not easy and there are also risks involved.
I do not really see it as positive, it really affects society, but it is for those who eat haphazardly. And for the newly started legit swapper, believe me it's not always easy for them because of fraud and lack of confidence everywhere.
full member
Activity: 336
Merit: 100
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June 23, 2018, 08:06:21 AM
I think exchanges should regulate which coins should live and which should leave the cryptocurrency market. In principle, now there is also delisting, but there is no control over the coins that are added to the exchange. They say that the exchange is also very responsible approach to this, but we'll see where it leads.
sr. member
Activity: 1036
Merit: 281
June 23, 2018, 05:32:36 AM
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 only few cryptocurrencies that are good for long term and short term investment. If you want to do long term investment, I prefer to you yo buy Ethereum, Monero, Dash , Bitcoin Cash, Litecoin, EOS and of course Bitcoin. Those coins are the best and the most profitable coins.
full member
Activity: 281
Merit: 100
June 23, 2018, 05:14:33 AM
There has to be some kind of a worldwide cryptocurrency organisation,which approves or denies new altcoins.
All the crypto trading platforms will have to abide by the rules of this organisation and clear the crypto marketplace from the shitty pump&dump coins.
There`s nothing wrong with having a tough competition,a competitive market is a must and only the strongest and most trustworthy coins will survive.

Over time, there will be a regulatory body that regulates and controls the issuance and turnover of Cryptocurrencies. At the moment, this should be done by currency exchanges, which monitor the issuance and listing on the exchange of a new coin.
sr. member
Activity: 868
Merit: 256
June 22, 2018, 09:19:08 AM
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 ?


ahmmm , In terms of bounty hunters it might be positive but in the market it self I  dont think so , why? Crypto currency are based on the amount of investor on each coin so the more coins that are been created  the more investor will diversify and as a matter of fact , there are many coins that are dying , the main reason ?  because  they dont have enough investor, one investor will change depend on the trend of a coin so because it will give them much profit than the old one
newbie
Activity: 122
Merit: 0
June 22, 2018, 07:37:56 AM
In my opinion, it is not problem how much crypto is. What is important is how much of them are quality. It is normal that there are so many cryptos in the competitive market environment. Thus, investors can distinguish good one or bad one by examining the whole projects.
full member
Activity: 672
Merit: 105
June 22, 2018, 07:34:36 AM
I think this is a competition, where every coin will promote themselves that they are the best coins. I think this is very interesting because everyone can judge and pick which coin works best for them. So in my opinion there is no problem as long as the competition still benefits its users.
member
Activity: 322
Merit: 10
June 22, 2018, 07:32:34 AM
There are so many cryptocurrencies because there is no financial censorship. You cannot forbid someone to transfer funds or to receive them from someone. Only you are the master of your money.  no one can limit you in the number of wallets and addresses.

People are wanting to earn any cryptocurrencies for financial assistance in living. But to make this happen they should know how to diversify investment inorder to earn more with all of their capabilities.
member
Activity: 630
Merit: 24
June 22, 2018, 07:28:49 AM
50 percent of coins are created for people who don't know anything,creators of this coins are trying every possible way to cheat people with manipulations and speculations,We all know there are too many shitcoin creators which already have earn too much money.This coins are just clones of litecoin,bitcoin,ethereum or another good coins,despite the fact there are too many bad coins which don't have the same aims,their creators just don't know how bad they are...
   Anyway,I think there is no need for such a coins and people should learn to use right and unique and not bad clone coins.
newbie
Activity: 67
Merit: 0
June 22, 2018, 07:27:29 AM
More and more emerging crypto currency in the market. This is a positive sign for the development of the currency of the future firms. As an investor, this is a new variant to invest.
jr. member
Activity: 644
Merit: 1
June 22, 2018, 07:24:55 AM
I'm thinking that the new coin will make the existing coin will be forgotten and it will be a dead coin. everyone just saw the ranking of the coin until the order of 20 only. the rest is likely to only hold 10 to 20%.
sr. member
Activity: 1428
Merit: 251
June 22, 2018, 07:20:12 AM
With many coin in market, its creating competition and i think its good for market. We know thats token have different function and different project. Investor will have different choice to investing their money
newbie
Activity: 58
Merit: 0
June 22, 2018, 06:12:55 AM
True. We have so many that its almost impossible now to pick or to hose in what to invest or to keep in stock. Think that we could say that we have two types, old ones and new ones. Maybe this isnt the best way to be divided but with so many new ones these days its hard to pick what project will be success and which one wont.

New cryptocurrency is the downfall of the old ones. This is like a cycle in life that if new things come then old ones gone. Cryptocurrencies are fighting to each other to gain a lot of attraction.
full member
Activity: 490
Merit: 134
June 22, 2018, 05:51:32 AM
True. We have so many that its almost impossible now to pick or to hose in what to invest or to keep in stock. Think that we could say that we have two types, old ones and new ones. Maybe this isnt the best way to be divided but with so many new ones these days its hard to pick what project will be success and which one wont.
sr. member
Activity: 555
Merit: 252
June 22, 2018, 05:43:12 AM
That's right, at the moment I see a lot of different coins. I do not have much experience to choose good coin and invest so now I only invest in BTC and ETH.




I think everything is back to the devotees to be able to save themselves and the friends around. This is what sometimes the government reminds us to be cautious in investing in the crypto world.
Legally and unofficially legislative corporations should be indispensable. It avoids cheating cheats fraudulently. But as we know there is no cryptocurrency to manage it.
Some people are now confused and are in pending to make decisions of investment; they are stuck in making their final decisions to select a source where they invest. I will tell you there are a lot of sources in which few are favorable for short term and few are for long term. Bitcoin and Ethereum are favorable for long term with huge profit while Altcoin, Litecoin and Neo are favorable for short term investments.
newbie
Activity: 210
Merit: 0
June 22, 2018, 05:40:14 AM
Yes, of course, Cryptocurrency is currently growing rapidly.
Currently a lot of Cryptocurrency in the market.
Until we feel confusion in determining Cryptocurrency.
I'm sure Cryptocurrency will grow rapidly and there will be more Cryptocurrency emerging.
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