Topic: The reason why many altcoin is important (Read 642 times)
Altcoins are very important for the cryptomarket because they create something like symbiosis with the help of Btc and this symbiosis help for the common raising.
Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
and yet the variety of upcoming coins is just incredible, it's like endless breeding of different spicies. but i like this one about avoiding the monopoly market, it is important indeed The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
You are right here at all. Altcoins play so important and significant roles in the cryptomarket's increasing and your position is very logic here. I support this one, of course.
I think the reason why we need new altcoin is because Bitcoin is not perfect, and altcoin with new technology could make up for the shortcomings of BTC. This is the reason for the existence of ETH and other altcoins.So what we need is a coin with new technology,not just new altcoin.
Competition plays a positive role, forcing project developers to create better products and new technologies. Also, technologies are developing and old technologies, should be replaced by new ones.
I'd change some points and say that "new traders should have a chance to get rekt and also scammed", lol. Seriously, I think that BTC just can't implement all features (for the network security reasons)
Atcoins serve a lot of purpose as what mentioned on this thread. If there’s no alts I think the price of BTC is unreachable and unbriddle. Alts conceal those doing. That why alts are important though there are many projects are failure.
One of the main reasons is that partially altcoins can realize that you cannot do in major projects. Because they affect the overall development of the crypto-markets in all countries.
each coin has an own role in the economy and it supports for own project. so, there are many coins in the market and you can choose some of them to invest.
Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
thanks for useful topic. many altcoin, many member , many ico is important for enlarging market.
You're welcome dude. We should always treat a new token/coin as an opportunity rather than branding them as shitcoins/tokens.
Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
thanks for useful topic. many altcoin, many member , many ico is important for enlarging market.
It's like all over the world, we do not pay the same currency. Crypto-currencies should also be many, so that there is a choice. One grows, the other falls. 
I think maybe If there is no altcoin then bitcoin prices will become too expensive and so will the transaction costs will rise too high and the waiting time will get the day. And it will make the bitcoin unusable. So altcoin is very important if we need to use bitcoin. in the future.
I think the new altcoins and their tokens are just like shares of a companyy traded on stock exchange, as the time and technology has evolved blockchain technology is slowly taking over traditional markets, soon we will see real big businesses and companies tokenizing their shares too. We are just starting..
Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The reason is that behind any altcoin stands the unique idea and the project, and there are so many talented people who are bursting with the innovative decisions...that's why there are so many of them. Everything is easy
Yes it is the innovation which is the main key factor based on which altcoin outstands in the market as newer altcoins have new innovation which could be used in future to make life easier.
Other reason why many altcoin is important because is that they often represent the testing of a theory that may eventually benefit Bitcoin itself. Other gives a fast transaction and their unique projects to us.
Yes altcoins are important due to their new feature and new services to make the life easier in crypto market like some has better transaction speed and other have lesser transaction fee.
Limiting the market of crypto currencies is the same as limiting the stock market. After all, each alternative crypto currency is a project
Totally agree with you. In addition, that there are scammers is no reason to limit the altcoins market if we want a normal healthy market. "One does harm, and another bears the blame". Each one is responsible for his actions, and you must inform yourself well, and know what you invests in. And the market is the one that will put each project in its place.
You can see btc now is almost better in all things in life like 75% of it so altcoins can go similar to it in the future actually even it's not similar now or ahead it in some ways still the important in altcoins are many like we can earn in that and we can use this also like a mode of payment by now so it's important
Bitcoin, being the first in digital cryptocurrency is not perfect, it has flaws and it does not fit everyone's unique needs around the world. Altcoins gives the freedom and allows people to choose the best option for them and gives balance to these new digital money. These altcoins can implement changes much quicker and can take the risks of changing because the market cap is much smaller compared to bitcoin.
Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The reason is that behind any altcoin stands the unique idea and the project, and there are so many talented people who are bursting with the innovative decisions...that's why there are so many of them. Everything is easy
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