Topic: The reason why many altcoin is important - page 2. (Read 642 times)
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.
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.
I can add a few more points: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.
1. Competition. No competition, no development.
2. Wide possibilities of introduction and experiment of various technologies. There can't be 1 universal coin.
3. Many coins can satisfy your different needs. Someone needs anonymity, someone on the contrary, transparency, the third - the speed of transactions.
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.
from the explanation that you say there is a point too but I can only think positively possibility they are startup developers who have started to learn cryptocurrency that makes ICO created a lot.
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.
exactly 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.
because now bitcoin has become something that I think can not be used as our guide to invest in it. and this is the main factor making altcoin very important for now. besides that to get altcoin is not so difficult as getting bitcoin.
The more altcoins in market is better, only problem that 80-90% of them are scam and will die in 1 year, so nobody will remember them and people will lose money.
Well, I don't agree with that statement that more Altcoins will die in the future because currently Altcoins are too few, I mean, there are only few of us are using Cryptocurrency other than earning through it.
The Crypto Market is still very small portion of financial globally and there's still a lot space.
What if all the people of the world will going to use Cryptocurrencies today, then there would be no single coin that would be valued less than 1 Euro or Dollar today because the actual circulating coin supply are very few than the quoted maximum supply of every Altcoins in the market today.
For me, in my own opinion the reasons why Altcoins are more important than Bitcoin, Ethereum and other Top Altcoins are their unique projects that is or will be useful in the future.
We can't deny that some tools and factors that seems we won't need today are will be useful in the future and some Altcoins are already in their developments on building better products that will soon offer variety of products and services in the future.
Like for Example for WePower and Envion. They are focusing right now on the free energy resources that people would love to use in the future and they're using Crypto coins to help out their funding on the developments and soon we will be able to access and use that free energy so that our world would become the better place.
We can't deny that some tools and factors that seems we won't need today are will be useful in the future and some Altcoins are already in their developments on building better products that will soon offer variety of products and services in the future.
Like for Example for WePower and Envion. They are focusing right now on the free energy resources that people would love to use in the future and they're using Crypto coins to help out their funding on the developments and soon we will be able to access and use that free energy so that our world would become the better place.
In my opinion altcoins help to expand and shake up the cryptocurrency world. They also push the limits of technology that may have not been pushed with bitcoin alone.
Somehow Altcoins shake the market. but one thing for sure stellar coins/token could not abuse the price if there are a lot of options which these are the job of altcoins.
Yes i agree many altcoin actually good for cryptocurrency market so will be many opportunity to get profit from altcoin. Many new altcoin now development new idea like IoT technology, AI and Health industry in blockchain space, and this is good for community so that technology will give many benefits to the many people in the world.
The more altcoins in market is better, only problem that 80-90% of them are scam and will die in 1 year, so nobody will remember them and people will lose money.
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.
Good points and list mate. That's true, many don't get how important altcoins are. It is true that many of them are considered trash coins that won't even see the light of day or scratch the surface, but that seeing beyond those, altcoins are important because they provide competition to big market assets like Bitcoin and Ethereum that helps in keeping the market active and vibrant. A market that is lopsided and is monopolized by only one player would not prosper in the end, having many assets to choose from gives people many options to do business, which in a way aids in expanding the market even more.
Totally agree with you. And why they may not be important? interesting. It's the same currency as bitcoin and everything else. They are just a little younger.
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.
Yeah , but because of there's many coins some of these are not legit and it is the one sign that it's not good too.but for me, the reason why many altcoin are important because not all country accept bitcoin. So others will choose what coins they used in their country. Also, the price of bitcoin is very high so they made altcoins that have a low price to exact for billings and ampunt for investing 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.
I think that here the business lies in the economy of the crypto industry itself, because if there is a dominance in the market, as we see it today, then the situation will not be very promising for the development of projects, because they are completely dependent on the price of for example bitcoin, such should not be
As much as important most of these Altcoins are owing to both highlighted views of yours and yet to be highlighted merits. We still need to be very much cautious because the emergence of these coins brought about shit ones where most Developers out of curiosity for market competitiveness acted below expected standardization especially after ICO, where at the end of the day, this coins are dumped by most holders. However, such coins involved falls short of importance.
Yes, I agree with your advantages from a large number of altcoins. However, there are disadvantages. If everyone received only profit, then only the fools would be against. However, there are many people who have lost some of their money, or almost all, or have not yet lost, but are waiting for a rise in prices.
Fluctuations of 50% or 75% up this is profit and joy. The same fluctuations only down - it's just bankruptcy and anger.
Fluctuations of 50% or 75% up this is profit and joy. The same fluctuations only down - it's just bankruptcy and anger.
In all investment there's always a risk. In crytocurrency the risk is high but the profit is high as well that's why people are investing on crytocurrency.
For the altcoin I believe investors are wise enough to identify which alt have a better future. Alt is useful in the market it serve as an equilibrium of btc.
I personally do not want to limit the altcoin. I want in this world any organization, any corporation can develop a coin for their own. This will create jobs for many people. and require the investment participants to have a clear vision, to have a lot of experience. have not lost money in the crypto market.
If there is no altcoins then price of bitcoin will get too expensive and the transaction fee will climb up too high amd the waiting time will get days.And it will make the bitcoins not usable.So altcoins are very important if we need to use bitcoin in the future.
yeah because altcoin is one of the most alternative for bitcoin if you cant buyoe so exect it is very important for those people who cant buy bitcoin like me
Yes, I agree with your advantages from a large number of altcoins. However, there are disadvantages. If everyone received only profit, then only the fools would be against. However, there are many people who have lost some of their money, or almost all, or have not yet lost, but are waiting for a rise in prices.
Fluctuations of 50% or 75% up this is profit and joy. The same fluctuations only down - it's just bankruptcy and anger.
Fluctuations of 50% or 75% up this is profit and joy. The same fluctuations only down - it's just bankruptcy and anger.
In my opinion, altcoins are really important in the terms of the future of the cryptocurrency world. Because I think that it won't be good if just one or just a few coins have big power in the markets. I hope that we will see many strong and reliable altcoins in the future.
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