Pages:
Author

Topic: There are so many cryptocurrencies in the market, what do they do? (Read 548 times)

full member
Activity: 448
Merit: 100
For the most part, absolutely nothing useful is not done, they just pull all the free funds of investors, there are practically no unique projects and probably will not, it seems that the ideas are over
full member
Activity: 644
Merit: 100
Most of them will leave the market,as there are circumstances that the company can not be more than the market is located for this,here's an example,what happened after the fall?how many projects and startups have already bent, a lot, just a lot,and I will say this trend leads to the fact that everything can change at any time,so I will say that 50% of Cryptocurrencies will definitely leave the market in the near future
member
Activity: 728
Merit: 14
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
it really looks like most altcoins have no real use. i noticed that too and i think most of the coins are just made to make the dev team rich. so few coins will be really successful and many are just worthless clon coins.
member
Activity: 560
Merit: 16
Coins are simply traded on the stock exchanges, and the projects themselves are working to implement their ideas and develop business. What else can they do? All coins sold at ICO are primarily an opportunity to attract investments for the development of the project. Therefore, the project has no choice but to develop its business and create new areas of use for its coins.
full member
Activity: 1260
Merit: 102
Well, it depends from currency to currency. There are some projects that are worthy and are very much in the market but then there are projects that have no use and are there by some accident.
full member
Activity: 854
Merit: 102
MoonDeFi
I will tell you so, you are wrong, because in fact, why are there so many tokens on the market? The answer is very simple, because the idea of ​​each token in solving the problems of our society by means of simplifying certain processes, but I cannot but agree that there are many fraudulent projects, but I assure you that there are very few of them, in fact there are very promising projects that are in the process of modernization and they just need time to improve their market situation.
member
Activity: 230
Merit: 10
Most of them are just a lame copy of bitcoin and ethereum , I rarely see some good project that can attract my attention, These days some new ICOs are coming out and I hope something more practical comes out .
copper member
Activity: 210
Merit: 0
KNL Ecosystem - Invest. Trade. Earn.
At least a half of all crypto currencies that are on the market at this moment, will die within the next several years, because even after several years of development they cannot finally release their working solution.
full member
Activity: 720
Merit: 103
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
I think that many projects created especially as token will not be able to reach even the smallest successes in the short term and in the long term and they will disappear with a rapid depreciation from the market.
Why do you think so?On the contrary, using only cryptocurrency instead of tokens, the projects themselves will die.The real value I do not see only in the tokens of new exchanges that appear almost every day.The remaining tokens are used to directly maintain the health of projects.Now there is just such a situation when tokens simply simply have no value. But everything will change when projects come to the completion of their roadmap.
jr. member
Activity: 322
Merit: 1
Quite yes, some are there only because of hype while some are there because the funds was there and some are also there because they've the right usage, some are also there to fake trading volumes, some are also there to keep dead faith, some are also there to lure investors into there traps etc.
full member
Activity: 420
Merit: 100
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
Why deception, everyone who appears wants to get their investor and a place in the sun. Another thing is that the majority lack both people and resources to implement this. And there are simply no new ideas, clones of coins and useless forks.
full member
Activity: 574
Merit: 102
actually before the coin coin appeared there was history and the purpose for which the coin was released so before we decided to invest it would be nice if we know the background of the coin so that in the future we will not get losses and of the many ICOs, of course, there are many fraudsters from that we must be more careful in choosing coins for investment places.
member
Activity: 224
Merit: 10
dApps Development Automation Platform
With the current situation when having too many cryptocurrency, the best way I think that should sell immediately when have the profit. Don't be too greed and holding new coins too long
full member
Activity: 574
Merit: 100
With the amount of cryptocurrency that is not small, of course, we also have to be careful. Not all Cryptocurrency is real and its purpose is only to get money by cheating everyone. This, of course, becomes very detrimental to many people but you also have to be smart to get the best.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
bitcoin gives a proves in some country, and you can see that there are ATMs installed in that country so people can use the machine.
Except bitcoins, most other coins are just the existing and simply following bitcoin for having real-life applications. Simply we can say they are all just here for no reasons in the view of a payment processor. ATMS are not an innovation of cryptocurrencies and BTMs are being installed for the reason providing people easy access to cryptos.
But at least, other coins have benefits too because, with those coins, I am sure that it's a way for us to earn more bitcoin and then we can use bitcoin in our daily life. Although the altcoin is not like bitcoin, the existing of the altcoin are help bitcoins too and make cryptocurrency grows.


Quote
Besides that, we can use bitcoin as another payment system by using the third party, so we don't need to confuse about converting from fiat to bitcoin because they already calculate the converting.
Bitcoin is itself a payment process on its own but we need third party support when we do think about converting it into fiats to escape from price fluctuations. This can be a case against any altcoins too as altcoins are also heavily fluctuating.
Yes, we still need the third party to help us to convert bitcoin into fiat, but I am sure that when bitcoin can grow, we don't need third party and bitcoin can be used as fiat itself. We can see in the future, many people use bitcoin as a payment process, and they have another new type for the payment.

As bitcoin remain strong currency in the future, more demands will come and make the price very expensive. We all knew there were many crypto coins with stagnant market trading activities recently, and this was just waiting for the great market pumps which will bring an increase of each and every coins. Once this coins will be used globally, other alts will also become another mode of asset by other upcoming traders because they'll going to acquire more knowledge about the different platforms that every crypto has. In general digital asset has no limitations, and no end due to higher potential as long there's strong community support.
sr. member
Activity: 658
Merit: 250
I believe among all the cryptocurrency, there are just several cryptocurrency that actually has a real value.
From what i know there are many coins/project with similar concept being created and in therm of use, it has less usability.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
bitcoin gives a proves in some country, and you can see that there are ATMs installed in that country so people can use the machine.
Except bitcoins, most other coins are just the existing and simply following bitcoin for having real-life applications. Simply we can say they are all just here for no reasons in the view of a payment processor. ATMS are not an innovation of cryptocurrencies and BTMs are being installed for the reason providing people easy access to cryptos.
But at least, other coins have benefits too because, with those coins, I am sure that it's a way for us to earn more bitcoin and then we can use bitcoin in our daily life. Although the altcoin is not like bitcoin, the existing of the altcoin are help bitcoins too and make cryptocurrency grows.


Quote
Besides that, we can use bitcoin as another payment system by using the third party, so we don't need to confuse about converting from fiat to bitcoin because they already calculate the converting.
Bitcoin is itself a payment process on its own but we need third party support when we do think about converting it into fiats to escape from price fluctuations. This can be a case against any altcoins too as altcoins are also heavily fluctuating.
Yes, we still need the third party to help us to convert bitcoin into fiat, but I am sure that when bitcoin can grow, we don't need third party and bitcoin can be used as fiat itself. We can see in the future, many people use bitcoin as a payment process, and they have another new type for the payment.
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
Those coins are nothing but shitcoins. People come up with copy paste another crypto. No utility, no real life usage, nothing in fact. Only for getting cash. It has become a good way to earn money and that's why a lot of new coin are there.
I will also say the same thing to a coin whose project does not have a clear purpose other than to make the whitepaper as attractive as possible so investors are interested.
because the development of the project greatly influences the price of the coin so that when the project cannot grow, the coin will only become a waste and worthless collection
member
Activity: 336
Merit: 10
Obviously they want the benefits of the Bitcoin movement, because most projects want the big profits from Crypto they create, because if BItcoin goes up they have a Token that is ready to sell.
member
Activity: 448
Merit: 12
Every coin needs to be revisited and reviewed. There seems to be so many number of coins that do not have genuine use case and some do not have at all.
This has evey tendency, to bring down the price of such coin and one might not see it rise again.
The coins with good products are so minimal, which is why we rarely see coins that grow significantly.
Pages:
Jump to: