So many cryptocurrencies ! - page 62.

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legendary

Activity: 2170

Merit: 1427

Quote from: Daseento on May 28, 2018, 09:21:39 AM

Then the next question would be what's the essence of the decentralisation afterall. I believe the goal of decentralisation and by extension cryptocurrency is to take away the power of regulatory authorities, bringing them back would defeat that purpose.

People have never really bothered to care about decentralization, but that's slowly changing now with how exchanges are being subject to regulations forcing people to verify themselves. It's something that will lead to a faster level of develoment of decentralized exchanges, and thus more adoption overall. It's a process I highly welcome because exchanging funds in a truly decentralized manner with the highest level of convenience is the ultimate goal.

I can see an entire decentralized world economy emerge where governments can do shit. It will be the moment governments no longer treat you as their money slave, but as actual citizen with complete control over every aspect of its life. I know it's somewhat of a fantasy right now, but it's not impossible. This is exactly why I won't ever sell the majority of my coins. It's all or nothing for me.

krauzzer02

full member

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Not counting the incoming ICO's and some pending cryptocurrencies under release or development, compared to the active stocks traded over the counter which is 15000 plus in total and 4000 plus companies it is nothing and still, we can say that there would be more to come subject to improvements and proper regulations that they must impose to strain scams from the legit ones.

campica

full member

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I agree that there is too much cryptocurrencies this days, but we can expect much more cryptocurrencies in future , as you can see everyday people start ANN topic for new ICO. Some of them will success, but most of them will just fail and won't reach soft-cap. There should be some committee which will decide if coin are ready to go "live" in market and there should be a list of requirements that coin must pass before he goes on market.

gambitcoin53

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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 ?

i think we cannot do something about it, it the peoples prerogative to put up an ICO if they are capable of doing so. we should not limit those ICOs because they created traffic and competition among cryptos that makes bitcoin valuable as today's market price. and i think you will agree that it is a good thing for bitcoin.

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

Well, I think it's a positive thing to do, because with so many cryptocurrencies but not all of them have good potential too, so by legalizing some crypto, I think it will make investors focus with altcoins that have legal and fully support their project in a better direction.

btcmura

newbie

Activity: 26

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So many crypto are really bad for the investors. This not only confuses the investors but also limits the growth of good coins as market share gets divided.

mylyn2327

member

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Cryptos is decentralized maybe the best thing we can do is we should be careful, and choose only legit ICOs. I know it's hard to distinguish but if we will be extra careful, maybe scammers will be lessen as well shitcoins.

k@suy

sr. member

Activity: 882

Merit: 269

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 agree with OP. I think a body should screen for the ICOs. Before it os allowed to have an pffering it shouls be evaluated firat by big financial institution
Once it passed, it could be allowed to be sold in public, this way we can minimize scams ICO's.

Daseento

jr. member

Activity: 206

Merit: 2

Then the next question would be what's the essence of the decentralisation afterall. I believe the goal of decentralisation and by extension cryptocurrency is to take away the power of regulatory authorities, bringing them back would defeat that purpose.

Cofee.BLUE

sr. member

Activity: 546

Merit: 250

Quote from: ?? on ??

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.

That is right. The continues increasing of different coins in the market may cause of interruption for the development of the other old coins. I think it is better that there will be some regulations for that and maybe let say 2-5 type of coins per country that can accepted in crypto market so in that way most of the coins are having a chance to be fully developed. However, for now we can't stop the newly companies to promote their platform by using their own signature coin.

sepeda karat

newbie

Activity: 70

Merit: 0

Cryptocurrency itself is a term for virtual currency that uses encryption to verify every unit of money delivery among users, as well as regulate the release of new currency units. This virtual currency operates independently without the intervention of a central bank.

Smitt

hero member

Activity: 888

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If there is a governing body on the exchange market it may be difficult, the principle of blockchain is not tied to stewardship anymore that any exchange would want to enliven the incoming sales because they benefit from the trade, and may possibly be the crime of an ico crypto but the sale it is caused by a buyer or seller who is active in developing the price of the coin. In the world of crypto is certainly a lot of the latest innovations and this is reasonable because crypto is very popular for technological issues.

spartak-sbk

newbie

Activity: 308

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I do not know how good or bad it affects the currency, but I think it brings certain benefits, it can not be great, but good. I think that the result will still be one, the currency will remain only those projects that will prove to be the most relevant and promising in the future.

WhyBit

jr. member

Activity: 63

Merit: 2

We have many effects of these too many cryptocurrencies some are good and some are bad I just want to say we need some solid things for these as every new cryptocurrency is coming with new technology and new things for us as its not good to stop them and solid rules mean we need once organization which keep eye on them and every new comer need to have certificate from this organization for coming in market

ghost07

sr. member

Activity: 602

Merit: 255

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 ?

more coins more bounty for us. being a bounty hunter we need to have more campaigns in order to receive a good income.
more coins will give us more profit in terms of trading.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: fiulpro on May 27, 2018, 08:32:27 PM

Share your opinions below , do you think it's positive ?

I believe once regulations hit the market the confidence towards cryptos will go up, and we're going to see a massive spike in the influx of capital into the crypto ecosystem, meaning that the cryptocurrency market could experience a huge spike in value (prices will skyrocket) thanks to big money from investors/financial instituions and their confidence towards cryptos.

Quote from: xuan87 on May 28, 2018, 03:48:14 AM

With regulatory body there will be less coin and hopefully it can decrease the fraud coin, but people prefer crypto to be decentralized, infact most of investors like crypto because its decentralized, so even I think regulatory is going to give positive effect on the investors, but I think the investors prefer a decentralized investment

I think investors would rather invest in crypto knowing that there's a regulatory body in case something goes bad than just investing in some random ICO or crypto without knowing what to do if someone decides to exit scam or something like that.

Quote from: ?? on ??

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.

And who will set those standards? a group of people? so the market is going to depend on the opinion of some random people about whether a coin fits their criteria or not... well, goodbye to decentralization.

pandanaran

full member

Activity: 1048

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 ?

It is undeniable that the competition will be more stringent because of the presence of a new coins, which is the problem who is the regulatory body that will do the ideas you give?
From my view the competition is needed, why? so we know which one is better among the better, then the decision is up to the investors, this is also one of the things that make us become investors who must be careful and smart in putting assets.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: efxtrader on May 28, 2018, 07:16:38 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 ?

I am agree with this opinion. With many cryptocurrency and with growing market cap in cryptocurrency market, I am believe that needed regulation on market. Regulation needed to protect peoples from being scamed

You are partially right, Because we need regulation but some centralised coins are directly survive in the market so it is not completely transparent to customers and it will not make profit. But some promising decentralised Cryptocurrencies are well performed in the market so government is regulate the Cryptocurrency is not supporting to people because it completely favourable in government.

Marrionbitcoin

member

Activity: 294

Merit: 11

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 ?

Yeah! There are so many crypto currencies that we cannot detect which are good and will spike up soon. We are not sure when they will rise up in the market and until when they will exist. So for me, just to be safe, we just invest to top 10 digital currency so that our capital are safe.

efxtrader

full member

Activity: 924

Merit: 100

GoMeat - Digitalizing Meat Stores - ICO

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 am agree with this opinion. With many cryptocurrency and with growing market cap in cryptocurrency market, I am believe that needed regulation on market. Regulation needed to protect peoples from being scamed

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