Too manu alts? - page 2. | Bitcointalksearch.org

Procopiogamscrypto

newbie

Activity: 210

Merit: 0

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

Yes there are really too many altcoins listed on different exchanges but it cannot affect them to the whole crypto market, some excess with a good reputation and some still striving to get into the top and the rest can achieve nothing, it depends on the team behind on each coin.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

Yes, there are too many altcoins and most of them are shit. Most people only hold and trade coins that are within the top 100 market cap. Pretty sure we will have lesser coins when the crypto hype is over. Few years ago, everyone make their own coin for any kind of things. Right now, everyone makes an ICO for every idea, no matter how unfeasible it is. This behaviour won't last long.

laskybok

jr. member

Activity: 315

Merit: 2

First, i think you should review that topic an change the "manu" to "many." Yes, we have so many altcoins, but it is left for us to decide which we want to invest in by doing the necessary research.

lunaelucemauram

newbie

Activity: 196

Merit: 0

I think have too many altcoins has never been a problem as without proper innovation and use in an altcoin or its platform it will just fade away in the trading platforms. The problems lies within the investors as they are the ones who put out money in this altcoins and if the altcoins fade away the investors will lose their money along with it.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

Quote from: Gaff on August 31, 2018, 07:09:40 PM

Quote from: Indamuck on August 29, 2018, 12:21:06 PM

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

There can never be too many altcoins, only the ones with the best technology and most adoption will thrive.

Are there too many apps? too many businesses? This is how capitalism works. Everyone tries to improve on an existing product and make money off of it.

The numbers of altcoins will continue to increase because there are so many projects that are coming but some will not last long because the team is lousy in improving the project until in such time that no more users will be using it. Only good coins will thrive and even getting to the top.

The die coin still counted by the CMC and that makes the number of the altcoin flooded. These guys are in competition to create useful product but the majority of them are not competence to do that.
so many scammers are so blindly with the money and that's why they are creating a lot of shitcoin.

Gaff

hero member

Activity: 924

Merit: 502

Quote from: Indamuck on August 29, 2018, 12:21:06 PM

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

There can never be too many altcoins, only the ones with the best technology and most adoption will thrive.

Are there too many apps? too many businesses? This is how capitalism works. Everyone tries to improve on an existing product and make money off of it.

The numbers of altcoins will continue to increase because there are so many projects that are coming but some will not last long because the team is lousy in improving the project until in such time that no more users will be using it. Only good coins will thrive and even getting to the top.

losiva

member

Activity: 206

Merit: 11

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

Too many altcoins yes and they are listed on different exchange, so there is nothing really wrong about that in my own personal opinion because the crypto market is so big and in the future it will get even bigger.

vallydelly

jr. member

Activity: 336

Merit: 2

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

Yes sure there are many coins in the market but there are few very good coins in the market, In any market everything is allowed, but everything is not salable, So many of those listed coins will be out because of low investors and only the good coins will keep doing well.

caoboinhacso

newbie

Activity: 191

Merit: 0

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

There are still many coins that haven't been statisticed in Coinmarketcap. This thing shows that to creat a coins is very simple

patz22

full member

Activity: 1176

Merit: 104

Every now and then a new coin/token is being created. Too many coins yes but only few can survive depending on situations like bear market and probably scam that will not deliver results etc. I think one solution if there's like a way to remove/delete those useless coins so we could select the best ones.

iconoclast

full member

Activity: 770

Merit: 102

Matrix Built On An Ethereum Smart Contract

You have to remember that these are start ups and that most of them won't be around in 5 years. You are already starting to see coins being delisted by exchanges. There will be natural flow of new projects starting and failed projects dying, it is just a lot more visible with cryptocurrencies because in the past there were no liquid markets for startups and they would not even get on most people radar until they were already successful.

groko271

hero member

Activity: 790

Merit: 505

they are becoming like stamps. Some are worth collecting, most are not! The skill is required to know the difference.

echodike

newbie

Activity: 154

Merit: 0

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

In my own opinion I think Currently I will yes we have too many altcoins in the market, because the crypto market is not having many new investors coming into the space, but we have having new coins entering the market on daily basis, but with time as more people join, then it will match up.

gowobonyok

jr. member

Activity: 490

Merit: 2

yes, very much. so the launch of a new coin in the market takes a long time. and of the many altcoins that are on the market, they can't last too long.

Epimetheus

legendary

Activity: 1120

Merit: 1000

Altcoin are the the alternative bitcoin. After success of bitcoin their are many new cryptocurrency introduced in the crypto society. Altcoin are as need as bitcoin. Although their price are lower than that of bitcoin but still they are important. Altcoin like litecoin provide better transaction experience then that of bitcoin, it transaction speed is better than that of bitcoin. Ethereum like Altcoin has low volatile in nature which mostly use for long term investment purposes. Ripple has also potential to beat bitcoin.

Indamuck

hero member

Activity: 1120

Merit: 554

Quote from: aghedo1 on August 29, 2018, 12:17:09 PM

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

There can never be too many altcoins, only the ones with the best technology and most adoption will thrive.

Are there too many apps? too many businesses? This is how capitalism works. Everyone tries to improve on an existing product and make money off of it.

aghedo1

newbie

Activity: 68

Merit: 0

Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

Topic: Too manu alts? - page 2. (Read 267 times)