Topic: So many cryptocurrencies ! - page 42. (Read 6272 times)
In comparison with conventional money, they do not have a single issuing center or course management body, their lists, status. Everything is built exclusively on the complex process of creating each new unit of virtual money, its use to buy or sell anything. Distinguish electronic money by methods of payment. The initial value of the crypto currency is determined by the "Proof-of-work" approach, that is, the evidence of the work done to create it.
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.
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 also think regulations in this matter are unnecessary. The market will verify it and the weakest and lowest quality coins will disappear from the market. Everyone invests in coins that he considers profitable.
Soon, all those not serious new project will disappear and those projects with serious and legit plans for its platform can only reach success. This is what always happen in the crypto world. So be wise to check those legit ones.
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 ?
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 ?
For me it's also a negative way. Why? because having many cryptocurrency being active, it is hard to find which is better and some project are not legit. Also it will make the other cryptocurrency price decreases because many people will join other crypto which investors will be divided.
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 also think regulations in this matter are unnecessary. The market will verify it and the weakest and lowest quality coins will disappear from the market. Everyone invests in coins that he considers profitable.
Yes indeed there are a lot of crypto currencies and there are good and bad effects of this. Lest start with the bad effect, well the bad effect is that if there are a lot of crypto currencies the competition is high, the users will have a lot of choice to go with and with that the users and the demand will be divided. The good thing here now is that if there are a lot of choices the crypto currencies it will have a good competition. And we all know that if there are good competition the crypto currencies it will do their best to develop their coins for its users not to go out with them.
There are a lot of hidden gems and great out ideas out there, but they get lost in the sea of crypto. That's a shame.
It's the byproduct of Cryptocurrency's success. There's no stopping progress and
development in this time and age especially with digital currencies. There are probably
more people out there looking to invest or start the next big thing in crypto,
competition is good it's distinguishes not just the strong one from the
weaker coins out there, it also gives the idea and potential for upcoming
and existing coins room for improvements and success.
development in this time and age especially with digital currencies. There are probably
more people out there looking to invest or start the next big thing in crypto,
competition is good it's distinguishes not just the strong one from the
weaker coins out there, it also gives the idea and potential for upcoming
and existing coins room for improvements and success.
Its also bad fact that there are too many copy coins of Litecoin,Bitcoin and Ethereum and their destination is just to manipulate with people,People are trying to create more and more shitcoins to ,,get something'' from the market,They are paying too many for ads and then people have trust and buy this coins without any observations,but at the same time this balance will be achieved by ,,invisible hand'' on the crypto market...Also we know too many cryptos with great opportunities which allows us to create something cool and to do more good things in our business.
You should keep your interest in a valuable cryptocurrency and that is the Bitcoin so you have no choice of losing money if you know hoe to handle investment. Other coins can also be your 2nd and 3rd choices and investment in those coins is also benefited. Benefit is more from the Bitcoin and less from the other coins in comparison with each other. Now it is up to you eight investing only in Bitcoin or in other besides the Bitcoin.
Watch out for TrumpCoin, Trump coin is the shittiest of all the shitcoins in all of shitcoin land.
I think more and more crypto more options for us to choose the best cryptocurrency and it is very good for the development of crypto world, 
The presence of so many crypto currencies in the market means that people are interested in crypto currencies and every body wants to launch their own currency but just launching the coin is not enough and one has to come forward with a good project. If we talk about the way to escape the fraud coins, we can really do that by expanding our study and understanding about the crypto currencies and factors like risk and liquidity associated with them. 
All the cryptocurrency are not the same. Some are coin, others are tokens. The tokens are either utility token or specific token. Although there is need to control them. Most of the cryptocurrency will die some will merge, as it is happening now. As the technology evolves, there will be alignment of most cryptos.
big competition in cryptoworld and I just realize the there is too much coin circulating the market which I see a very risky market since not all coins is true and can generate profit. Someone should really control this,
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.
Yeah, it's like we are having flood of cryptocurrencies. All the time more of them appear, each of them trying to achieve the success of bitcoin. But not all of them will succeed to survive on the market and keep the value.
And because altcoin market is so big and diverse it's very hard to pick the right coins and it's geting harder and harder.
And because altcoin market is so big and diverse it's very hard to pick the right coins and it's geting harder and harder.
in the decentralized network, there will be many cryptocurrencies coming and every concept can have a cryptocurrencies so we will see endless coins coming in market but selecting the best coin makes the difference as a crypto trader
I think every crypto currency has its own program to develop its crypto so that if have a good program will certainly many who are interested and will progressively but for those who do not, it will be eliminated
All the currencies are only built for good way there is no other hacking will be possible but some of them that place so choosing a best currency is very hard job so we could do many researches far away investment before investing take more time it will help you very much .
it seems that if it is very much cryptocurrency is not too in trouble because more and more cryptocurrency will be more and more people who become curious and will many people who buy bitcoin and can trigger the rise in price of bitcoin and other cryptocurrency.
I think every crypto currency has its own program to develop its crypto so that if have a good program will certainly many who are interested and will progressively but for those who do not, it will be eliminated
Cryptocurrencies are the reason why the price of bitcoins is keep on increasing, its because of the competition in the market that keeps on growing every time there is a new ico that has been advertising their platform.
It does not matter how many cryptocurrencies there are IMO, just ignore the bad ones, and care about the ones with real value. 
The survival of the strongest. It seems like that the survival of fittest can be seen in crypto. The more the merrier but sometimes there are disadvantage of this saying because the more coins in crypto it will become the more hard to identify the coins that won't survive and the coins that will disappear in crypto. The more crypto the big chance of scammers to victims some innocent supporters. So the more be careful. Take care everybody. Good luck mates.
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