Topic: The reason why many altcoin is important (Read 621 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
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.
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.
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.
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.
The most important reason could be that via altcoins, many innovative thoughts can be experimented, which will finally benefit to the whole crypto world.
as developer works on deliverance to gives of offer for clients and future investors with the projects plan, remaining users of the token as attending service might gains of spares of extension on appealing chance as being within the schemes of businesses with the crypto trading of finance with the moderation.
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.
I agree with these reasons specially to the number 7.
... But if you ask me, I also want to limit the altcoins population in some manner or reasons. Here are some of the reasons why I agree to limit the altcoins.
1. Many altcoins are having the same functionalities/features
2. Some of the altcoins are SCAM
3. Many altcoins today are abandoned by the developer
4. Some of the new altcoins are very expensive (for me as a small time investor)
5. Some of the exchange site don't allow small time altcoins to be trade
6. My computer harddrive are now full because of so many local wallet of my altcoins collection
To say the truth the increase in number of altcoins into the crypto space used to bother me a few months ago. The influx became a cause for concern as on daily basis more are listed on CMC. They were around 730 cryptos on CMC when I joined this forum in Jan 2017 but today that number has doubled. That isn't even the issue. The regulation is the issue. A lot of scams have been executed through this loose regulation and many devs have gone unpunished.
Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
I really don't see how this will happen if the bitcoin doesn't set the pace for price. Remember that whenever Bitcoin goes down, altcoins also dip. So, we always look up at btc for price dictation.3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
7. Bounty campaign will be continued to progress.
Sadly, this is true and that is why most people are here and also doing shitposting. Hopefully, the Merit system should begin to take care of that. 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.
This are good lists. It's good to have many altcoins because each coin is unique in their own way. Each has a good service, product and project that they promote. Some altcoins are worth investing because they are good for long term run. If there's a lot of altcoin, monopoly of the market can surely be avoided, and there would be many choice for investors to invest to.
One more reason is: Each altcoins is unique project with their application to solve certain problems
True dude. Each altcoin has its own platform. Their platform is their barometer if they are worth to invest with or just junk altcoin.
It's better to read always the white paper of every altcoin you plan to invest with.
Bad side of many altcoins is there is so much scam possibility. But good side is better ones will survive and bad ones will become crap and noone will remember them. so they have to work harder to be better than others.
There are many reasons bitcoin is important and arguments to why use bitcoin:
Bitcoin is a commodity
Bitcoin’s Transparency
Bitcoin is Deflationary
Fiat is Prone to Government Manipulation
Bitcoin is Pure, Unregulated, and Open
Bitcoin has no Borders, Limits
Bitcoin is a commodity
Bitcoin’s Transparency
Bitcoin is Deflationary
Fiat is Prone to Government Manipulation
Bitcoin is Pure, Unregulated, and Open
Bitcoin has no Borders, Limits
Nice dude! but this thread is all about altcoin. Seems you're missing the point. Anyway on view on Bitcoin somehow is true.
what you say is very true but only in a perfect world.
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
We cannot deny the fact that technology is always abuse by spammers/scammers, altcoin is prone to that. But is up to the investors/traders to choose which one credible and not, I believe they are expert on that. Those shitcoins definitely soon will flash to the toilet.
Just the matter of time until some people are moving their money to the non-shitcoin. I remember there is a lot of shitcoin already died and one of them just like torcoin.
One more reason is: Each altcoins is unique project with their application to solve certain problems
to put it simply altcoins emerge to improve bitcoin flaws like high fees, slow transaction time, etc and to try to compete with bitcoin by innovating and developing new features as to improve and surpass bitcoin limitations. and altcoins have many purpose and some altcoins are great at one thing but not so good at another.
There are many reasons bitcoin is important and arguments to why use bitcoin:
Bitcoin is a commodity
Bitcoin’s Transparency
Bitcoin is Deflationary
Fiat is Prone to Government Manipulation
Bitcoin is Pure, Unregulated, and Open
Bitcoin has no Borders, Limits
Bitcoin is a commodity
Bitcoin’s Transparency
Bitcoin is Deflationary
Fiat is Prone to Government Manipulation
Bitcoin is Pure, Unregulated, and Open
Bitcoin has no Borders, Limits
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.
Interesting point on this. I also think competition for the same function is needed. Whenever, there is disruption in the market there should never be only one leading company. For example with Facebook came twitter, snapchat etc. all competing for the same entertainment factor, but also co-existing in the space. Yeah one protocol will probably lead the charge, it may be ETH, or NEO etc. , but they can all coexist as well and be successful.
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.
I will second you on this! While to us will probably look many, they are just a small percentage compared for ex. with stock market.
The ones that are having no product/project or just scam will get lost alone , the ones with strong projects/products will probably have the ability to reach Ethereum or even Bitcoin in a few years, so yea sky is the limit ..
If ICO is held and means the coin justifies its existence. The coins are issued for use in more specific areas than General - such as ETH and BTC. Plus the fact that they attract new capital to the market.
Yes this very important so the community of cryptocurrency will be bigger and will be many adoption of blockchain technology. I also look in to bounty program is important to continue running because many people does not have any job and like in my country really difficult to looking for job, and they can earn money from this freelance job.
Actually digital currency is created to earn money so that's why btc's continue to grow,investor,traders and users enjoys here because we can earn here it's like business for us even it's so volatile and the earnings is base on your risk money but not all,i think trading and investing here are so risky but still it's profitable,digital currency is so imporyant because we need this in life.
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.
I agree buddy. Altcoins not even 10% of the SE. Yet people don't call some of the stocks in SE junks or useless.
what you say is very true but only in a perfect world.
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
We cannot deny the fact that technology is always abuse by spammers/scammers, altcoin is prone to that. But is up to the investors/traders to choose which one is credible and not, I believe they are expert on that. Those shitcoins definitely soon will flash to the toilet.
what you say is very true but only in a perfect world.
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
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 point you mentioned is true but there are still contra that is emerging of shitcoin , I've heard rumors about Theymos will make a coin or token audit team but lately reportedly has never reappeared, even though the team is very helpful if it is formed.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.
That's good buddy if gonna happened at least from the start is already screened. All will be benefited on it if it is formed.
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.
But don't you think that having too many altcoins is simply unnecessary and counter-intuitive?
At what point does it start becoming annoying and an inconvenience?
I don't think so. I believe all altcoin are co-important and necessary. They will only differ on their marketing strategy of survival. Altcoin doesn't flourish to the market will die down then. Beside we are just care about our wallet. Coins outside our wallet doesn't annoyed us.
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.
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.
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 point you mentioned is true but there are still contra that is emerging of shitcoin , I've heard rumors about Theymos will make a coin or token audit team but lately reportedly has never reappeared, even though the team is very helpful if it is formed. 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.
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.
But don't you think that having too many altcoins is simply unnecessary and counter-intuitive?
At what point does it start becoming annoying and an inconvenience?
Well, the most important thing is probably that the projects are developed at the expense of investments from ordinary people. That is, foreclosure invents invented tokens, but the main engine altcoins is all the same interest in the future financial system in the world. Although I'm probably too global looking at things.
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.
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