When I started with Crypto, I too asked myself, what is the need of having so many coins. Then I understood that each of these coins have something unique in them. I mean the feature that it bring to the table, reason behind creating such coin, what's the vision and so on. Not to forget that we also have scam coins, where people would just create any coin, copy whitepaper and try to fool people and then run away with money. Got to be very careful with the new coins that come into the market for sure.
One other advantage of having a lot of Altcoins is that it helps in the diversification of investment.
That's all for now, Have a good one.
Topic: Too many altcoins - page 9. (Read 1748 times)
Many projects today are created only because they are ready to raise money. This is all for which they are needed. People do not want to develop anything, they artificially create projects and deceive people.
I think this is a serious problem, because more and more altcoin now. However, this is not good news for the market. A time when everyone can get out and raise money without having anything. Neither the product nor the normal team. Now this time has passed and the amount of altcoin no longer grows exponentially many others out there.
Yep, I got the same confusion that's why I study the coin that's worth it because I don't really invest on what's the hype which could end up as a scam. take time to read and learn so your money would be safe!
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 chance for a new altcoin was thin enough when compared with altcoin that had a top rank. such as eth, eos, neo and ripples.
I just want to recommend you on the coin if you want to invest long. but still you have to do a lot of plans and strategies to avoid things that harm
Altcoins really a lot and each year more and more, then the choice is even harder. I choose based on project and technology, which applies the project, trying to imagine whether it will be useful in the future, looking also at the number of buyers, many who want as I buy tokens.
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 chance for a new altcoin was thin enough when compared with altcoin that had a top rank. such as eth, eos, neo and ripples.
I just want to recommend you on the coin if you want to invest long. but still you have to do a lot of plans and strategies to avoid things that harm
It must be conceded that as of now excessively numerous coins that influence numerous individuals to wind up befuddled to pick the best coin, this causes the opposition turns out to be tight and numerous coins are vanish.
Well there is indeed a time when everyone can come out and collect money without having anything. Neither the product nor the normal team. Now this time has passed and the number of altcoys no longer grows exponentially.
It will depend bro since a lot of project is becoming scam. Best way to choose is their roadmap, team, and features. And check if they are communicating with their investors since a lot of ICOs, dont speak to their investors after that period.
Each undertaking is a piece of a vast framework that we construct each day, however as we as a whole comprehend with you, sometime they will have next to no of what is typical, inevitably the greater part of them will basically vanish.
yes,there are so many altcoin in the crypto market now,near 1800 coin on the coincodex so it is very difficult to lnow which is good coin and bad coin,but we can see near 40% vol of btc,near 20% of eth,the rest of altcoin has vol very low,it mean we have many coin but quality of coin very low
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?
There are thousands of altcoins now in the market butvthere are only few who are potential coins. As for me, i will not risk my cash into buying a cheaper coins with no assurance to survive. So i only invested in ethereum, it maybe quite expensive than other altcoins but a promising coin and can guarantee to last in a long run.
Yes as of now since crypto is popular to everyone many of altcoins growing because I think they want to compete in others to make their own project popular and want to be on top someday to acquired their own goals.
Many of these new coins will grow in price hundreds of times. This is our chance to become rich, perhaps the last.So invest as long as there is such an opportunity.
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?
well here you have to do a lot of research and analysis to better recognize some potentially altcoin. but it would be very difficult if studied in its entirety, almost impossible.
but in every development, there is some discussion in this forum about altcoin which is quite phenomenal or new. well you can involve it to examine it.
Too many coins, yeah it is true. Now, we can find out so many coins on the exchange listings and ICO projects. They are all available to invest.however, which one is exactly promising? Actually most of them are promising, but we must know the moment. It is valuable to analyze their concept and ways to control the token on exchange and community.
indeed more and more altcoin increasingly confusing because they compete tightly improve their projects and technology so hard to choose it because the same great, I suggest eth as altcoin to invest long term because I think eth is a good project for me
I wanna ask what so then.It is the prove of how cryptpcurrency are growing fast.Actually blockchain is a super technology to apply you are thinking about altcoin I m thinking about project include blockchain.your ans is easy
The market wants to develop new projects, cryptocurrency technology will be stronger and more diversified. Be assured, bad projects and failures will soon be eliminated
There are too many altcoins and most scam.many of them will disappear in the coming years.so it is very important to know what you are investing in.
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