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Topic: So many cryptocurrencies ! - page 43. (Read 6272 times)

2tf
jr. member
Activity: 35
Merit: 1
June 14, 2018, 04:02:54 AM

They are enough yes. But the market is so big that there is room for more because there is a large concentration of the early adopters, which is why new markets emerge to stimulate decentralization.
newbie
Activity: 112
Merit: 0
June 13, 2018, 02:07:58 PM
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,
newbie
Activity: 42
Merit: 0
June 14, 2018, 03:31:14 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 ?

I get your point about there being too many, but surely you can say the same about fiat currencies? They each have (or at least should have) they're own unique purpose, and the cream will always rise to the top. People in the marketplace will be the regulators, and weak coins will be eliminated.
MRY
full member
Activity: 560
Merit: 109
June 14, 2018, 01:45:06 AM
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
hero member
Activity: 910
Merit: 512
June 14, 2018, 01:24:50 AM
Choosing the most reliable and safe is the best way to get rid of the possibility to take risks. I think that btc and ether can be the best possible choice ever.I prefer bitcoin as it is the most popular and wanted
When you try out crypto coins you will find a lot of coins with different result and this is due to their different market values. The market values are controlling b the demand of people which makes the coin either more valuable or less valuable.

If you are a productive person and want to get maximum profit then proceed for the Bitcoin because Bitcoin is the most profitable and valuable currency and its investment will payoff on large scale.
member
Activity: 630
Merit: 24
June 13, 2018, 02:57:24 PM
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.
jr. member
Activity: 79
Merit: 1
June 13, 2018, 02:32:41 PM
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, Undecided
newbie
Activity: 168
Merit: 0
June 13, 2018, 02:04:58 PM
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Small companies often are at a risk of shutting down with so tough competition.
--

Generally it is how our physical market also works. Those ICOs are like the fruit stand you see. Either those fruit will be left to rot in the market or just simply go golden in time. It is a matter of competition that makes these market "interesting". They are risking their capital and their expenses in exchange of getting the profit out of the services or the goods they can sell it. Scams are a different discussion and shouldn't be explained in this topic.





I think If their crypto currency does not survive in a cruel competition with many other opponents then I think it is the developers fault and we do not have to think about it because we are just basing our investment on their future plans and strategies.
Every crypto currency has their own road map and I think it is their responsibility, developers, to take that path in their minds, will make their crypto a success.
sr. member
Activity: 471
Merit: 250
June 13, 2018, 01:10:30 PM
Believe, there are more than 1624 cryptocurrencies, if we count the dead ones. I left Bitcoin for over a year, because all I kept seeing were 20 new copy and paste coins back in the days, and I thought this was going to ruin the whole market. I really wish I stayed put.
legendary
Activity: 2282
Merit: 1023
June 13, 2018, 12:55:29 PM
1624 is a lot, and I guess, it will not take a long time to even reach the 10k currencies. Not bother me anyways, I accept, that not every project has potential, and it is part of the game to find the great projects.
A few years from now you wont be seeing majority of the coins in the market as it will fade away eventually and that is the fact, with token creation platforms anyone can create their own projects and no one is monitoring what they are doing with the money collected, things will tighten a few years from now and we wont see these crap projects coming up after the regulation.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
June 13, 2018, 12:38:50 PM
Cyrpto Currancy is currently developing very fast, so a lot of new coin-coin, in my opinion will make people confused to choose, especially now many ICOs are failing and also a lot of fraud. only the strongest coins that will survive in the crypto currancy market
. We had to wish to achive you something but don't wish more , sometimes it will not possible for all the people so at the time we had tension and I think we'll be changing it with your tension so all the cryptocurrencies are not a good way of earning some of them very good place so choose good one it will help you in the future
legendary
Activity: 2660
Merit: 1261
June 13, 2018, 12:03:15 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 ?
So many crypto coins but I can only trust a five to ten of them because some of the coins are not fully developed not  like the bitcoin and others top crypto coins. If the ICO is continually increased there are a lot of competitors. So, it hard to select which of them are have a potential in the future. I wish that the regulation creates by the government offices is not against the bitcoin and Eth. For more development of all crypto
Its really simple just trust with project already bring the development project/product into a cryptocurrency world, Example like ico project so many project ico only doing fundraising with zero development
full member
Activity: 392
Merit: 100
June 13, 2018, 11:50:38 AM
Cyrpto Currancy is currently developing very fast, so a lot of new coin-coin, in my opinion will make people confused to choose, especially now many ICOs are failing and also a lot of fraud. only the strongest coins that will survive in the crypto currancy market
full member
Activity: 406
Merit: 117
June 13, 2018, 11:39:28 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 ?
So many crypto coins but I can only trust a five to ten of them because some of the coins are not fully developed not  like the bitcoin and others top crypto coins. If the ICO is continually increased there are a lot of competitors. So, it hard to select which of them are have a potential in the future. I wish that the regulation creates by the government offices is not against the bitcoin and Eth. For more development of all crypto
full member
Activity: 560
Merit: 107
June 13, 2018, 11:34:23 AM
For me, yes there are so many cryptocurrencies right now that are becoming active because there are no rules or regulation to stop creating this cryptocurrency. That is the main reason why some articles or news saying that there are some people have been a scam or fraud its because when they invest a massive amount of money on it, it disappears or become worthless after a week. I think that is one of the disadvantage side cryptocurrencies because even they have some roadmaps, platforms some this crypto are taking the advantage to scam other people. But on the other side, it’s the people who invest in it fault. That is the reason why some government sectors want to create a group or law that will look up to this new cryptocurrency or exchangers.  Smiley
full member
Activity: 742
Merit: 128
Coinbene.com - Experience Fast Crypto Trading
June 13, 2018, 11:26:08 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 definitely agree there are a lot of different coins and i do not think that all of them are good for long term investment and profitable just like bitcoin and ethereum because they do not have any good value that is why it is very risky to invest in other coins.

Even bitcoin and ethereum is risky, once you start investment or trading you also need to start to face the risk, so even there are a lot of coin are coming you can study about their project or the future of that coin to know if it is good to invest.
sr. member
Activity: 980
Merit: 255
June 13, 2018, 10:53:52 AM
The only way to lessen the coming of other currencies is through regulations. There should be a set of standard to be met to produced another kind of coin. Most newly introduced coin are all the same, it has to be unique in features which makes no similarities for others. Lesser number of coin will cause to make other coin easily get developed since oeople will be choosing fewer kind in the market. If not regulated, scam schemes will continue to grow.
You are completely mistaken and the only thing you need to know you are wrong is to go to your nearest supermarket and look at the shelves, you will see 5 to 10 different brands of almost any product that are basically the same when it comes to function and their ingredients, this is the same, there are many coins which are basically the same that is true but you cannot forbid that people release similar products in fact that will kill competition and innovation which by your post it seems that is what you want to boost.
newbie
Activity: 122
Merit: 0
June 13, 2018, 08:54:58 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 ?

Yes, I agree. There competition large in cryptoworld and there are too many coins outstanding in the market that I see as market very risky because not all coins true and be able to produce a profit. One must really control this.
jr. member
Activity: 188
Merit: 1
June 13, 2018, 08:43:16 AM
You are right,so many cryptocurrencies are just coming up daily . The numbers are so alarming,I think there should be some sort of regulations on crypto in order to curtail there numbers to a minimum
sr. member
Activity: 454
Merit: 251
June 13, 2018, 08:40:36 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 definitely agree there are a lot of different coins and i do not think that all of them are good for long term investment and profitable just like bitcoin and ethereum because they do not have any good value that is why it is very risky to invest in other coins.
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