So many cryptocurrencies ! - page 46.

coinfinger

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Quote from: KingScorpio on June 09, 2018, 03:25:31 AM

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 ?

a body that legalizes only a few?

but with what justification,

the creation of bitcoin was illegal, and very selfish itself, why are others now banned to do the same?

cration of the first cryptocurrency broke a global taboo, that money may only be created for the regional benefit of all not for the private enrichment of the few.

there are more than 30.000 cryptocurrencies in existance now.

creating and marketing bitcoin itself was illegal, now how can someone define what is illegal or not, who was illegal in the first place? the shadow of illegality lies over bitcoin.

oh and one thing more, when there will be a legal body, (like national socialism in germany) drivien by a popular support, it will also exclude others,

it will also be opposed. etc. and most importantly the legal body will create its own cryptocurrency trying to exclude and illegalise as many others as possible especially the poor and weak ones.

Yes there are so many coins in the market but you can really escape the fraud or fowl coin by doing good research in the market and evaluating the good and the bad coins. If you are able to do that, you are the one who will escape the frauds and will have the ability to maximize your utility that is also the maximization of profit. The more you know about the crypto market, the more you earn good.

Kapee

jr. member

Activity: 182

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As the years go by, there become new interventions and ideas of people worldwide. The number of crypto currencies rolling on the market is too huge and what people use to doubt is getting the authentic one. Investors cuurently are not all that active with crypto currencies because of the issues of fraud and loss trust. There have been a number of ideas by people of bringing up protocols to curb this issue of frauders and it will be better to mitigate it.

kalawang

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Activity: 350

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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 ?

There are so many cryptocurrencies and token they are so many and they have a variety purposes. And also they are many tokens or cryptocurrency that scam or shit coins thats why I always read those white paper and the road map of their project so they would not scammed me. Cause I know who are the real and not.

ceylan

newbie

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it because there are many different ways to approach the blockchain technology , also there are so many great projects are out there for you to invest and earn money ...

BitProCoin

member

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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

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Quote from: Pamadar on June 11, 2018, 11:17:05 AM

Quote from: CASTIEL05 on June 11, 2018, 04:31:23 AM

Out of all cryptocurrencies in the market, some of them are shitcoins which definitely comes from scam projects. I have also coin that has no value since when I received it. The market becomes exhausted with these kind of coins and it is good that everyone of it will regulate soon.

Most of those new created tokens will be useless as many coins already inside the market, competitions are very tough for sure many of this coins are just another copy project and will go under the position of being pumped and dumped and firget after, I agree with you that those project should be regulate to avoid making more victims, crypto should have stability and usefulness from this growing industry those who can integrate with real business should be prioritize and get good numbers of supporters to continue its progress.

Fully agree with that. Yes, so many cryptocurrencies appear all the time but how many of them will actualy survive on the market? So like it's already said we might expect many failed projects and nany disappointed people with losses and victims of multiple scam. And that is one more reason why we need regulation and order on the market.
Be careful when you choose crypto you might suffer big damage.

Pamadar

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Quote from: CASTIEL05 on June 11, 2018, 04:31:23 AM

Out of all cryptocurrencies in the market, some of them are shitcoins which definitely comes from scam projects. I have also coin that has no value since when I received it. The market becomes exhausted with these kind of coins and it is good that everyone of it will regulate soon.

Most of those new created tokens will be useless as many coins already inside the market, competitions are very tough for sure many of this coins are just another copy project and will go under the position of being pumped and dumped and firget after, I agree with you that those project should be regulate to avoid making more victims, crypto should have stability and usefulness from this growing industry those who can integrate with real business should be prioritize and get good numbers of supporters to continue its progress.

Harrisonimo

full member

Activity: 490

Merit: 101

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 ?

I will like the competition in the cryptocurrency exchange sites and also levels of securities braced up too. I don't see much positivity in having hundreds of ICOs allowed flood into the cryptocurrency world, hence, there should be a high standard set to screen off ICOs that won't last or just coming in to repeat what is already running in the markets.

alizalela7

newbie

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Do you know how many coin denominations are in the world and how many of them are covered by the ciphertext? It is similar to the national currency each country will have in its currency. show their own

SkustaClee

full member

Activity: 476

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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 ?

There are many cryptocurrencies that are losing their values. If we will make investment with cryptocurrencies, we should ensure first that the coin that we will make investment is profitable and promising for us to avoid losses.

rabs

member

Activity: 176

Merit: 12

I think many currencies mean many options for investors and traders and it will create competition which will beneficial for rhe users. Should encourage and welcome new currencies to make more stable market.

Ishiro5

copper member

Activity: 224

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While I agree on a kind of self regulatory mechanism in the crypto space, I think we need more solutions to be provided through crypto, this may not necessarily lead to increase in coins. Quite a lot of coins will give a natural death in a few years.

gurupauts

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DISRUPTING THE $23.5 B SCIENCE PUBLISHING INDUSTRY

technological advancements will continue to grow and there will be many new crypto currencies, the competition will be tighter and of course stronger coins, have a good price movement and a good project for a future that will survive

aimman

newbie

Activity: 23

Merit: 0

As far as I understand, there is no need to establish special rules. Cryptocoins are valuable only if they are in use by traders or holders. Therefore, if no one buys a coin, then it can’t exist. It is a way of free market to regulate itself. As for scams, I think that they will always exist among the internet space, but it’s quite possible to learn how to avoid them.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Anyone can make their own cryptocurrency. But the point is how you can manage and choose the best cryptocurrency in-between of more than 2k crypto. Yet no more than 100 cryptocurrencies are alive so far because they fail or it was a garbage coin.

CASTIEL05

member

Activity: 560

Merit: 13

Out of all cryptocurrencies in the market, some of them are shitcoins which definitely comes from scam projects. I have also coin that has no value since when I received it. The market becomes exhausted with these kind of coins and it is good that everyone of it will regulate soon.

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: Black Angel on June 08, 2018, 05:32:30 AM

With so many cryptocurrencies it automatically makes the competition very tight, so it is natural that natural selection applies, for devs. which is not serious to make interesting coins then automatically abandoned users.

No doubt that when someone has to choose some sort of crypto currency, it is very difficult for him to choose which crypto currency is good for him because a lot of currencies are there in the market. But I think the people would go for bitcoins if they would have to choose one crypto currency form these, they would undoubtedly choose bitcoins.

KingdomHearts

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Merit: 514

Quote from: KingScorpio on June 09, 2018, 03:33:37 AM

Quote from: samcrypto on May 28, 2018, 04:19:54 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.

There's a 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, yes they need to compete in order for them to survive but the question is, is it safe to invest on that coin, is it worth it? A hundred of exchanges wow and yet many are still staying on the big exchanges with a great trading volume.

this competition will lead towardsa situation in which you can sooner or later trash the entire internet,

first they will create new indexes which favour their "markets"

bitcoin also created its "own" market

and bitcoin created also its "own" index" bitcoin didnt competed it created a new environment,

we might see that repeating over and over till no one gets whats going on,

additionally we will get divisions like "devental internet" in which groups try to create a mental realm for their sheeps, where they then can brainwash them with their agenda.

regards

Almost all the coins are in competition with each other but we are know of few and trying to move straight towards the most valuable and benefited currencies. We know Bitcoin, Ethereum and Altcoin the most because the whole crypto market has these three outshine currencies. However other new coins are also introducing and the less rated coins are also trying to gain value.

Kate Beckett

member

Activity: 280

Merit: 28

I believe that a huge amount of crypto currency in the market is more associated with the desire of developers to make money on this than with the desire to change something on a global scale. It is for this reason that we see a huge number of fraudulent projects. I think that only the most promising, worthwhile and useful projects should remain in the market, and all other altcoins will disappear.

naidray

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Merit: 1029

Quote from: creeps on May 31, 2018, 07:15:43 PM

Most of the new coins are base on ETH so I think this statement is quiet not true. Though bitcoin can be a good option if we see too much coin in the market since this is already proven and you can make profit in bitcoin in the long run. Day by day new coins are coming but only those great coins will succeed in this market so be careful on choosing your coin to support for because not all of them are true some are just a shit coin.

Those based on Ethereum are not even coins but tokens, but really they actually added up a lot to the number of cryptocurrencies in the crypto space. It is a good thing for the whole space anyway, as I believe that by any means, it will keep increasing the overall market capitalization. It is just more like the space growing every now and then with so many devs and companies seeing an opportunity to tap from. At the end, though, a lot of them are still going to be out of the market.

Quote from: darkangel020716 on June 09, 2018, 06:22:57 PM

government should legalize crypto currency so that it will help the economic growth especially on the poor countries out there.

No. There will be no need of any centralized agency's help needed for the establishments of bitcoins. So many cryptocurrenies will do that over time. I mean many people will come up with hundreds of millions of coins which will make more people to adopt cryptos then they all will adopt bitcoins slowly. Hence bitcoin will get established by its on own.

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