Topic: So many cryptocurrencies ! - page 49. (Read 6272 times)
I suspected that the huge number of altcoins is the reason why Bitcoin cannot go up. If people will continue to sell their BTC to buy alts.. How BTC will go up? Somebody must hold a huge amount of Bitcoin to make it go up.
So many cryptocurrencies of course is a good thing, of course this is a tough competition and we will get a good coin, coins that have no future prospects will be automatically abandoned users.
The market competition getting strong and only those coins which have a good prospects surely survive and others will left behind. That's the reason why it happens that more coins are becoming dead and getting into shit coin flooded in the market. Only devs and investors help them out and compete again. 
Competition is not a problem as long as they perform well, just compare it to existing companies big or small. Its a free market so anyone can join and ideas get funded, the only primary concern now is to tackle fraud and how to remove scammers from the growing industry and Its a tough job for regulators to do so. Innovation is not bad we only need guidance to have a healthy crypto ecosystem.
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 ?
Yes, ICO regulation is much needed which should start on the country on where the ICO was build and originated. Like in USA in which KYC is very strict and also in CHINA then in Japan. That is why we can see very few ICO were created on these countries because of strict regulation was applied that if this will also be consider in other countries who support Crypto investments then for sure ICO will be control specially the scams.
Yes, the count of crypto currencies is big! But no need to pay attention to all of them, just look at the top ranked coins which have a big capitalization. Some of the crypto currencies listed on CoinMarketCap are already inactive, almost not being traded and their developers abandoned them, so these coins should be omitted, I think.
So many cryptocurrencies of course is a good thing, of course this is a tough competition and we will get a good coin, coins that have no future prospects will be automatically abandoned users.
I believe that time will become a judge deciding which coins will be destroyed. In the future, there wont be many coins existing. Only a few coins can be used by the people and they will be listed around the world. Other coins will be eliminated or be forgotten
The more crypto currency is good news is also good us crypto currency users. But there is a downside because I think there are more crypto currencies that are useless and that is dropping the market in my opinion.
That is true but there were always some new cryptos which were only a thrash on our market, for me this won't change in future but "the most" wanted coins will be able to just survive and go to the moon which will make market recover and develop in best crypto times. This is what makes us have to immediately make a regulation about the limit of making coins or tokens, according to data coinmarketcap currently available more than 1625 coins and tokens and if left then next year there will be more than 5000.
So many cryptocurrencies certainly make us a profit because we can choose potential and profitable coins, to me this is a natural thing and I'm sure that more and more coins and tokens are available as long as there are no clear rules about it. 
Most startup projects currently want to start with ICOs and issue coins/tokens that may not actually be used in their field of work. Many of these cryptocurrencies have "borrowed" ideas, and some of them do not even a solid and genuine idea at all. These cryptos are likely to wipe out gradually. The developers have to think about solving real-world problems instead of just selling their products with blockchain.
Thaaaats what I mean! Crypto become a safe haven for those people with bad intentions, hacking ... Fraudulent ... Money laundering etc all of them done in the name of crypto which leastwise affecting crypto development, how they are growing and a lot of strange coins invented without even has a real purpose and vision. A Competition? A business competitions? Maybe .... 
it would be very difficult to manage the crypto currency and exchange it. because they are individual and nobody can dress them with arrangements that must be obeyed. if we make some good exchange judgments. it could be more centralized
This is what makes us have to immediately make a regulation about the limit of making coins or tokens, according to data coinmarketcap currently available more than 1625 coins and tokens and if left then next year there will be more than 5000.
Each coin has different backgrounds, so many coins are normal. What makes me sad in this market is that there are too many ICO projects and of which 80% are phishing projects. This is really bad and affects good ICO projects.
The increasing number of cryptocurrencies can indeed trigger doubts in investing and believing in the crypto world. Due to the ease and number of new cryptocurrencies will make the number of scams that will be present and created. I agree with a rule that regulates the development of new or old cryptocurrency to make the stability of all crypto available and can reduce the number of frauds.
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 ?
yes it needs to have a governing body in altcoin publishing settings. many profit opportunities make many entrepreneurs publish altcoin which I think this confuses investors in choosing potential coins.
because of open source decentralized network, they are so many cryptocurrencies in the market new technologies and new industry new coins are coming we can see more and more coins will come in the future and then finally we see indices like stock markets
Yes there are many crypto currencies coming in market and some are frauds because they are just making of money but trusted currencies are want to complete their task and a lot of profit provide to their investors, so want to say that investors are really be careful to invest their money and that's why I will suggest to the trusted currency of bitcoin because it will give you best profit.
The more crypto currency is good news is also good us crypto currency users. But there is a downside because I think there are more crypto currencies that are useless and that is dropping the market in my opinion.
because of open source decentralized network, they are so many cryptocurrencies in the market new technologies and new industry new coins are coming we can see more and more coins will come in the future and then finally we see indices like stock markets
Most startup projects currently want to start with ICOs and issue coins/tokens that may not actually be used in their field of work. Many of these cryptocurrencies have "borrowed" ideas, and some of them do not even a solid and genuine idea at all. These cryptos are likely to wipe out gradually. The developers have to think about solving real-world problems instead of just selling their products with blockchain.
Really many of the listed coins are worthless and some have remained inactive for a very long time. They deserve to be removed to create space for better and real competition and also to avoid new and inexperienced investors to put their money in an ended project.
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