Topic: Too many altcoins (Read 1748 times)
It takes a lot of time to analyze coins because right now there are so many bad projects and it is so easy to make mistakes.
in my opinion there are too many alts today .. most of them do not have any value. .. now difficult to choose alts for investment, the more that with the increase in the number of alts, the number of scams increased...
Although I believe that the market is over-saturated, I also believe that the variety is good for diversifying the economy, many altcoins do different things, but it is true that we have up to 5 altcoins doing the same job, but there will be no problem, because as always the market will regularize itself and only the best alts will survive.
I think it will be difficult with more and more altcoins today. at the beginning it seemed promising profit but ended up with a scam so that it would cause a lot of speculation without predictions. to predict long-term prices it will be difficult to choose one of the altcoins that is right for investment.
Oh that is great choice because altcoins price are very cheap, I think you should learn yourself about god coins from markets, study about the project about which coins you invest, Now days lot of altcoins are creating every day so many coins are scams also, whenever you invest any altcoins study thoroughly and read roadmaps,white paper,team active in social medias etc.. Invest in different altcoins that will reduce risk This is the most stable and most popular cryptocurrency, which will grow in the near future. I think you can buy some altcoins, but also leave a little bitcoin in your wallet.
I think its hard to choose altcoins. I suggest you much better to invest for now ethereum because the price of ethereum for now its not big buy and hold for the longterm trade.
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
Although there are many altcoin in crypto and it is sometimes hard to find the good ones but if you take your time to do all the necessary research about the coin, you will know the ones that are potential or not. There are many altcoin that are worth investing in and also have very good potential for hold on either long or short term. Take your time to research on the whitepaper, the website structure, the community, team member and also the technology.
This is a serious problem because there is now more altcoin. But this is not good news for the market. And some coins have very less value. And didn't increase its value rapidly. In my opinion, you should keep your eyes only main cryptocurrencies in the market.
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
Basically, I'm studying the project team, as well as the whitepaper. The manager of the campaign bounty is also important to me. 
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
The increasing number of altcoins only shows the great development of the crypto industry and the blockchain technology. Which I think is good. I think it's up to the user to research and choose the best crypto by choosing the ones which has the best long-term potential and legit team behind it
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
This is really a very difficult question. And, in my opinion, the correct answer comes only after very long researchches and web searches. It's very hard to find a good coin, so be careful when you give your money.
In terms of buying altcoins you need to research first what is the purpose of that in community. The uniqueness as a coin/token as well. Because sometimes they are just copying the work of other like the whitepaper, and so on. Then, you need to make risk as well because not all altcoins and good project ended with a happy ending. Money make some people greed. So beware of that.
Yes right, currently too many altcoins even in coinmarketcap have recorded more than 1650 coins and tokens, this is what makes marketcap smaller because it is divided into many coins and tokens.
yep, and the current market situation will wipe most of them very soon, just suffer a little more bloodbath and we shall see worthless cryptos going to hell easily, no doubtjust need to hold on position on beloved coins, maybe they survive too
No need to worry. Only worth altcoins will survive.
Yes there is lot of altcoin. I think its not a matter of worry. Its good for business.
Well altcoin is a virtual concept it will always grow.More opportunities will come..,
I think that we should not pay attention to new coins because they are not able to give us the profit they were offering a year ago. We must admit that the time has passed for all big profits and fun cryptocurrency market has turned into a dull market securities...
Yes right, currently too many altcoins even in coinmarketcap have recorded more than 1650 coins and tokens, this is what makes marketcap smaller because it is divided into many coins and tokens.
I only support Ethereum. I focused on this coin and it hasn't let me down. I think that we should not take all the coins in a row and then think what to do with them. You want to focus on one or two coins and study them to understand what these companies want and how they see their future. If the company creates a unique and useful product and coins will inevitably go up
if I personally think my suggestion when choosing an altcoin that is worth investing is by looking at the development of its price in the crytocurrency market on the last 5 years scale whether or not the graphics are significant
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