Topic: The reason why many altcoin is important - page 3. (Read 642 times)
As for me, people themselves determine their value by investing in one or another alt. Yes, there is a very big competition among the leaders, even the shitcoins, but each coin has some special feature or difference from others, some that do not develop and die without support for a short time. So a normal healthy market, where for everyone there is a corner for action.
According to Claseen (Bitcoin Foundation) 95% of the Altcoin will fail. But as long there is a strong platform and marketing for the alt i doubt 95% will fail. In fact Altcoin prevent btc price to soar high.
The more alternative coins - the more competitive the market of crypto-currencies. This allows you to buy more interesting coins at lower prices. This is important for bulls, but not interesting for bears
Nice dude. that's the reason altcoin why altcoin is important. It's serve as a price equilibrium in the market.
Without altcoins, maybe the price of btc right is so high that only the filthy rich can afford.
The more alternative coins - the more competitive the market of crypto-currencies. This allows you to buy more interesting coins at lower prices. This is important for bulls, but not interesting for bears
Yes many altcoin and digital token is good for development of blockchain technology and give many benefits to the world. Many industri will use advantages of blockchain technology so will give many benefits to many people in the world. Now blockchain technology can use in to many industry like parmachy, B2B,B2C, C2C, Financial institution and more.
many altcoin is very good because it can make the world of cryptocurrency more colorful. which makes the coin good or not depends on the product or marketing strategy.
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.
Agreed,there will be a lot of manipulations if the altcoins are limited,most of the big players will dictate the trend in the market.Decentralized community needs to have a decentralized assets,altcoins is just like acting like shares in the market. 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.
Limiting the market of crypto currencies is the same as limiting the stock market. After all, each alternative crypto currency is a project
In any healthy ecosystem there is always competition and the best usually rises to the top. Many Bitcoin elitists believe that there should only be one cryptocurrency, but having other altcoins as an option would both spur on innovation, but also ensure that it truly is the best option out there. Having only one cryptocurrency as an option for the world would also give the network too much power and if the core developers made changes that the people didn’t agree with switching to another coin would be more difficult. Having choice is freedom and allows people choose the best option for them and balance the power of this new internet money.
I like your view dude. True. Altcoins give the traders/investors to practice their freedom of choice and will not leave you in a single option which very necessary in the market to stop excessive power of price's manipulations.
which I can catch and I understand the possibility of altcoin many because many people who have started to understand the benefits of owning and making their own coin by having a team of developers and projects that are real and good coin will certainly be like any other coin.
In any healthy ecosystem there is always competition and the best usually rises to the top. Many Bitcoin elitists believe that there should only be one cryptocurrency, but having other altcoins as an option would both spur on innovation, but also ensure that it truly is the best option out there. Having only one cryptocurrency as an option for the world would also give the network too much power and if the core developers made changes that the people didn’t agree with switching to another coin would be more difficult. Having choice is freedom and allows people choose the best option for them and balance the power of this new internet money.
I like your view dude. True. Altcoins give the traders/investors to practice their freedom of choice and will not leave you in a single option which very necessary in the market to stop excessive power of price's manipulations.
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.
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.
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.
Good read. 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. The monopoly of market will be avoided.
This is very important because cryptocurrencies are made in such a way that no one can actually monitor and control them. Its always up to the holder of what he/she will do with his digital assets and that's one reason I like cryptocurrencies. What a brilliant counter- thread to ' too many ICO' etc. People that believe there are to many altcoin are simply short sighted. The market value of cryptocurrency is still very small compare to market value of NYSE etc. We need as many altcoin as possible to remain competitive.
But in the case of "too many ICOs", doesn't that encourage more shitty/scammier ICOs? Since it's easier to go by unnoticed.
Possibly yes, but even there are limited number of new ICO there would still be a way for thieves to scam people. There are also already lots of ICO before that turned out to be scam like crazybet and project C, to name few. ICO is a good way of funding a project but also an easy way for culprits to make easy money.
Altcoins bring more revenue because they show more ups and downs than the more important bitcoins.
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.
Strongly agree that many of Altcoin's reasons for making the cryptocurrency market more dynamic are not monopolized by cryptocurrencies such as bitcoin or Ethereum Litecoin, and the entire market is less viable, making it harder for us to profit from it. 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.
At the current stage of market development the diversity is important as no one coin effectively satisfies at least all functions that fiat money does. In addition, it encourages the competiveness and development of the whole systems.
I think the main reason why altcoins are important. This is certainly their idea and their need for a real world. Many projects do offer quite interesting ideas that will be in demand in the world, but most of it I think still is not needed at all.
In any healthy ecosystem there is always competition and the best usually rises to the top. Many Bitcoin elitists believe that there should only be one cryptocurrency, but having other altcoins as an option would both spur on innovation, but also ensure that it truly is the best option out there. Having only one cryptocurrency as an option for the world would also give the network too much power and if the core developers made changes that the people didn’t agree with switching to another coin would be more difficult. Having choice is freedom and allows people choose the best option for them and balance the power of this new internet money.
Yes dude. Competition always bring fortune. Developers will exert enough effort if there is no competition in the market. Market will not flourish as well if there no competition.
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