So many cryptocurrencies ! - page 53.

Pinoyfan

member

Activity: 308

Merit: 10

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 now. And they have a variety purposes. We all know that. Thats why every token has their own white paper. So I am aware who are those shit coins and none. I always read those white paper and their road map. I am enjoying reading them I also checking the backgrounds of those manager and teamsteam that they belong.

reda

sr. member

Activity: 910

Merit: 260

Quote from: boyz97 on June 05, 2018, 12:09:11 PM

for some people, many projects apper will bring new concept for cyrpocurrency future.we will have much choice about bitcoin application in any dicipline technology.especially for bouty hunter.there will much opportunity to gain money by joining bounty campaign.

Yes. If use one coin. It will increase the coin in the market. So it not use the all country people. So many coin is help to people choose and invest for the future growth. So it help to people invest so many coins. People will be gather more information and plant to invest and complete the work on time. All coin time to change the price. Market place is help connect the all country people. So people invest in the all coin. Some coin will be go down. So don't sell wait for the price increase then sell it.

mr.nby

member

Activity: 307

Merit: 10

Quote from: muzica0519 on June 05, 2018, 03:26:07 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.

Of course, competition in the cryptocurrency is the best to determine whether the currency is worth it to be used or not. We should never be distracted by how many cryptocurrencies are there but the quality it has offered for use.

There are indeed many coins. Probably the market will regulate it. Little or nothing worthless coins will eventually disappear from the market. Only in their place will new ones appear together with new projects. The amount of coins does not matter much. Quality is more important.

ulakudrakova

full member

Activity: 336

Merit: 100

Yes, you write everything correctly, but you should not forget to get to the exchange, ICO owners, you need to spend 5 BTC and more. Not every company can afford this. For example, the scammers made a coin and collected money, for the tokens they offered. After, they wanted to sell their coins on the exchange, but here, not the fact that the exchange is normal you will let there. After all, not every exchange is interesting for users, sales volumes can be very small, and there is no sense. Therefore, the exchanges themselves make a filter of these new coins and tokens.

boyz97

full member

Activity: 658

Merit: 106

for some people, many projects apper will bring new concept for cyrpocurrency future.we will have much choice about bitcoin application in any dicipline technology.especially for bouty hunter.there will much opportunity to gain money by joining bounty campaign.

Lalapan

newbie

Activity: 239

Merit: 0

there are indeed so many crypto, because this is a free market so people are confused to invest their money where. I think there should be a special standard given for copying altcoin into the market. in this way it will greatly decrease the fraudulent acts in the crypto market.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: greeklogos on June 02, 2018, 03:31:44 AM

You are right, we are just sinking in the sea of trash coins and I believe in future it will appear many new crypto currencies, coz this process is totally unregulated for now. There is no doubt that produce of new coins should be limited, but what should be done to achieve it?

This is a free market and it is impossible to try to limit the number of coins that appear in the market so the only thing we can do is to stop investing in all of those useless projects, many people do not even make the smallest effort to try to understand if the project has a future they just invest in whatever project and that is why we have the problem of so many coins in the market but this always happens and it is part of any market because if you take a look back to the past you will notice the same happened with the dot com bubble.

nasipadang

sr. member

Activity: 1274

Merit: 252

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 ?

It's because cryptocurrency decentral, so everyone can make a token let alone with smartcontract platform, anyway for scam especially in ICOs it depends on the investor itself, now there is also like ICObench and ICOtrack which give some suggestion to invest and also expert opinion which is on the site like ICObench.

Reagan_alvaro

newbie

Activity: 82

Merit: 0

Quote from: cryptotenoy on May 30, 2018, 12:27:20 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 ?

There were so many cryptocurrencies that exist nowadays that made us confused what coins to trust.The market has already becoming so populated with new coins and its making the cryptocurrency world polluted with scam coins that most investors were victimize.Once those teams of developers make a platforms for ICOs and after the crowdfundings investors money will fade like memories this will alarmed investors to trust again in ICOs.Investors must set strategic ways on choosing ICOs inorder not to become a victim of scammers and frauds.

Saya pikir Kebanyakan koin yang baru diperkenalkan semuanya sama, itu harus unik dalam fitur yang tidak membuat kesamaan untuk orang lain. Jumlah koin yang lebih sedikit akan menyebabkan koin lain dengan mudah dikembangkan karena orang akan memilih lebih sedikit jenis di pasar. Jika tidak diatur, skema penipuan akan terus berkembang.
Satu-satunya cara untuk mengurangi datangnya mata uang lainnya adalah melalui peraturan. Harus ada seperangkat standar yang harus dipenuhi untuk menghasilkan jenis koin lain.

kimochidesh

sr. member

Activity: 518

Merit: 257

Yes, agree with you. With so many cryptocurrencies being launched every day, the numbers of frauds are also increasing. Therefore it important that there must be some rules and regulations framed in the fields of crypto market. Every new Altcoin must comply with such rules and regulations in order to enter in crypto market. This would be such a relief as it will allow us to trade fearlessly.

muzica0519

newbie

Activity: 24

Merit: 5

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.

Of course, competition in the cryptocurrency is the best to determine whether the currency is worth it to be used or not. We should never be distracted by how many cryptocurrencies are there but the quality it has offered for use.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

Well.. there is no need for regulators to engage necessarily. We, as investors, need to do a thorough research before contributing to any ICO/cryptocurrency in the market. That goes all around from whitepaper to team and product potential,marketing,etc. Your money, your decisions. You can't rely on anyone else doing that for you. Wink

JPage

full member

Activity: 399

Merit: 105

So those all currencies are just going to be a rare collectibles actually worthless in the termas of price! So choose a top ones

baconlike

jr. member

Activity: 308

Merit: 3

The Premier Digital Asset Management Ecosystem

Quote from: Magiklair on June 04, 2018, 06:52:48 AM

Yes, today, there are really too many crypto currencies but I am sure that this is not necessary to choose any of them, except btc and maybe ether as well . Both are popular and most wanted. I think that others aren't very safe

Many electronic money has made us dizzy and do not know which project to choose, do not know which coin will be a strong penny in the market, every day there are too many ICO projects come out. Included are low quality, fraudulent ICO projects designed to appropriately dispose of someone else's property, so be careful.

charlzyeby

jr. member

Activity: 182

Merit: 4

Most of the up and coming projects do not have a working project or may not even have an achievable idea which can be developed into a sound project. I usually look for projects which have been around for or three years and have joined blockchain to make their project better. it is likely that these projects will succeed.

intoy_victor

member

Activity: 266

Merit: 16

Exactly because of so many crypto currency people are confused which crypto currency is the best to invest. Because of many choices of crypto currency people are asking which one is better, reliable and safety to invest.

BillJackBlow

newbie

Activity: 66

Merit: 0

many of them are not decentralized, as we know that cryptocurrecy is not fiat money is very difficult to manage it
this is bad for bitcoin which is the main point of the crypto itself

jorgelugra

member

Activity: 266

Merit: 10

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

BarbieCasino

sr. member

Activity: 612

Merit: 250

Quote from: manismanja on June 04, 2018, 06:52:55 AM

yes you are right now very much cryptocurrency therefore you better can choose a good cryptocurrency and have a good development to can give you a lot profit.

The concept of regulation in the crypto world in necessary to a limited extent and this is because we have so many crypto currencies in the market now that has created a fuss. Only few except the rest are good in terms of profitability and stability. It is not just about introducing a coin in the market, it is also about your programming and market capturing strength. The crypto regulations might kick out such coins from the market and the other thing is that it will help giving and end to scams.

Eliyo

newbie

Activity: 33

Merit: 0

I think it is rather positive in the real sense of the word. While the multiplicity of coins may invoke negativity I believe that most of them will fissile out on the long run. The cryptocurrencies that will survive the long run interplay will automatically earn credibility and thus further improve public confidence in the coins market.

Critically, the idea of a single body to regulate cryptocurrencies would conspicuously violate a key characteristics of the crypto world which is politically and architecturally decentralization hence should be down played as much as possible.

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