Topic: What do you think of altcoins? Don't you think who has too much for nothing? (Read 749 times)
July 09, 2020, 09:35:51 PM
Anyone can create their own crypto currencies, some are creating their coins while most of them are using other blockchain to create tokens but in my opinion most of them were pretty useless because they have no real use case, every token has been used for bump and dump not for the purpose which is created for.So investing on them holds huge risk as well, its either to choose best of all or just don't invest at all.
July 09, 2020, 09:32:15 PM
Depend on the market trend because if that coin is of great interest and the development team always has a lot of outstanding news, it will surely attract a lot of big investors. I prefer to invest in newer coins because it yields huge profits if you are lucky and of course, the risk will be very high compared to the coins available in this market so please consider when deciding.
if you are lucky, of course, you can produce high profits. but the new kin risk in the market is huge. many new coins don't last long on the market. try to see the development of coins for one year. if they can survive maybe they are worthy of us as investment assets. July 09, 2020, 09:29:03 PM
There is no barrier here to stop the people from creating their new coins or create their token on existing blockchain so they come up with new ideas everyday but we don't have investors to invest on every projects that is why there is no more legit project here.Only scammers stick around to make some more money.
Yes there is no barrier or limitations in creating new coins in a single day. That is why there are new coins developed daily. The competition in here is for investors in where they may invest their coins. Coins are legit by the way. Many people just do not believe it because of the news that they hear everyday. Bad news keeps on propagating about coins. So as an investor you must always have more research before investing your money in a specific coin. July 09, 2020, 09:08:22 PM
I don't trust new altcoins, they are mostly built by scammers, I wish people can start investing in projects that are already on top ranks on coinmarketcap, they are less risky and active than most new projects that will turn scam later, if I have to trust any it will be a project that was announced by top exchanges like binance
Depend on the market trend because if that coin is of great interest and the development team always has a lot of outstanding news, it will surely attract a lot of big investors. I prefer to invest in newer coins because it yields huge profits if you are lucky and of course, the risk will be very high compared to the coins available in this market so please consider when deciding. July 09, 2020, 12:49:04 PM
The problem with new altcoins are the team and developers, the kept making unnecessary crypto projects to take advantage of the technology and cater away with investors funds that's why we keep seeing many old ideas over, stay away from repetitive projects, that's all I can say
July 09, 2020, 09:55:33 AM
The reality is that we do have lots of Altcoins in the market which actually make it flooded or crowded but not all are tend to be used by people because most of them are just sharing the same kind of idea and features and just added by some improvement just to make it unique and incomparable to the other existing Altcoins.
Actually we cannot control the making of Altcoins for there are lots of people thinking in this world the concept that cryptocurrencies can lead the way of making solutions regarding social problems that are needed to be attended with the approach of using cryptocurrencies and blockchain technology to help out on this. But with such concept, we are overlooking the real essence of useful cryptocurrencies due to we just keep on launching a like projects which makes a lot of Altcoins already in the market. It is just that with such number, many of those are already being left behind and ignored. Though there is nothing wrong about the existence of Altcoins in the market, you just have to be picky to choose only the essential Altcoins based on your preference and never mind other things so that you won't get problemtic on thinking how can you manage such numerous Altcoins in your portfolio.
Actually we cannot control the making of Altcoins for there are lots of people thinking in this world the concept that cryptocurrencies can lead the way of making solutions regarding social problems that are needed to be attended with the approach of using cryptocurrencies and blockchain technology to help out on this. But with such concept, we are overlooking the real essence of useful cryptocurrencies due to we just keep on launching a like projects which makes a lot of Altcoins already in the market. It is just that with such number, many of those are already being left behind and ignored. Though there is nothing wrong about the existence of Altcoins in the market, you just have to be picky to choose only the essential Altcoins based on your preference and never mind other things so that you won't get problemtic on thinking how can you manage such numerous Altcoins in your portfolio.
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July 02, 2020, 04:46:51 PM
First of all, it not all altcoin/ERC 20 token are useless but 90% of them are because of the level of imitating others project concepts which only make most the copycat project live in the shadow of the first project that implemented the concept.
Second, you need to understand that the altcoin market is highly manipulated and this is the reason some investors choose to have little while they invested most of their funds in bitcoin.
Conclusion, having too much altcoin if you don't have adequate time to manage your portfolio is bad and choosing centralized/hype base altcoin is the worst.
Second, you need to understand that the altcoin market is highly manipulated and this is the reason some investors choose to have little while they invested most of their funds in bitcoin.
Conclusion, having too much altcoin if you don't have adequate time to manage your portfolio is bad and choosing centralized/hype base altcoin is the worst.
July 02, 2020, 12:19:31 PM
First let me mis-quote Pokemon "You can´t have them all!" - Seriously, at the point where a altcoin has a real life use case and some momentum going it´s imho ok to consider an investment. The use cases are crucial, since they really need to solve a problem and not be there just for the sake of being there as an object of trade.
July 02, 2020, 12:10:49 PM
It is a decentralized market. No one can stop a person from creating a new altcoin. But not all altcoins are bad. There are some altcoins that are unique or has something new to contribute to the crypto market. Those are the ones that people are using or will be using. But, yeah every day a lot of new coins does pop up which are nothing but garbage.
And no ERCs aren't totally useless like you think.
And no ERCs aren't totally useless like you think.
July 02, 2020, 12:04:17 PM
What I think about alts is that we have to many of them already in the market, and %99 percent of them don't have any use case at all, they usually have too many supplies that won't benefit anyone or the project, at the end the this huge supply will be the reason why the price will not be able to grow, I think dev team are just creating too many supply to their advantage only.
July 02, 2020, 11:49:15 AM
I don't trust new altcoins, they are mostly built by scammers, I wish people can start investing in projects that are already on top ranks on coinmarketcap, they are less risky and active than most new projects that will turn scam later, if I have to trust any it will be a project that was announced by top exchanges like binance
July 02, 2020, 11:35:50 AM
I did not answer everyone but your comments is well read 
is also for people of the communities bitcointalk 
Yes, there is no need to answer everything, as long as you already understand from what is conveyed by everyone here, and hopefully you can be helped by all the solutions that have been given by the people here. is also for people of the communities bitcointalk 
July 02, 2020, 11:31:07 AM
That's why majority of them will only exist as ERC20 tokens and nothing more. Most of these projects don't even want to get their very own blockchain. With over 2000+ altcoins, only a few of them have made their own blockchains. It's either an erc20 token or a fork of btc with little to no modifications. One thing is clear, more tokens will still be created and injected into the market since everybody has the ability to make their own tokens.
Altcoins have more risks compared to Bitcoin that is why it's the preferred option for people who like buying and hodling for a period of time.
That's why people in the world only know Bitcoin, and only crypto fans who understand altcoin and understand it widely. maybe altcoin requires time and further education for it, so it is widely known like bitcoin today. maybe the winner in the future is altcoin which has a function or feature that is really needed for use in the real world. I don't really expect altcoin for the long term, because Bitcoin is nearing perfect use in the real world.
Altcoins have more risks compared to Bitcoin that is why it's the preferred option for people who like buying and hodling for a period of time.
July 02, 2020, 11:21:04 AM
I did not answer everyone but your comments is well read is also for people of the communities bitcointalk
is also for people of the communities bitcointalk July 02, 2020, 11:18:29 AM
I have been saying this for quite sometime now. There are too many altcoins in existence now. Out of the 10,000 or so altcoins created to date, the majority are now dead or dormant. But still, a few thousand of them claim to be active and even this number is huge. There is a saying - too many cooks spoil the broth. The condition of the altcoin market is like this. There are too many of them around, and this means that none of the coins are able to become 100% satisfactory to the users.
It is true there are more dormant or dead project than active project, but also other which are only for the scam therefore many coins.
July 02, 2020, 11:12:31 AM
Well, so far, the most used platform to create a new token is the Ethereum platform with its most popular one is the ERC20. They choose this platform mostly is because this is the most popular used platform with high community, easy ways, and also affordable fee transactions. Well. for me, actually the token must be different from ETH. Some of them are really worthless, they do not have any future because they only focus on the current project development, only focus on how to gain the money and get many investors. However, some of them may have a future. But they must be a token utility, a real use case in the real world, with significant project development, clear partnership, and also gaining with the popular parties in the real world.
That's right, buddy, in the last two years most new projects only use the ERC20 platform, but most of them don't develop projects in a better direction after they successfully attract investors through the fundraising methods used by the project team, so I think this is what should be tidy up by new project teams so they can compete with old projects that have been successful in all sectors, and in this case I am very supportive of what you say.I also agree with you it's only ERC currently no projects with real development from 0.
July 02, 2020, 11:04:59 AM
There is no barrier here to stop the people from creating their new coins or create their token on existing blockchain so they come up with new ideas everyday but we don't have investors to invest on every projects that is why there is no more legit project here.
People create or come up with new coins, but not new ideas, there is a lucid unalikeness between creating a new coin and creating a new coin with a new idea, or a new use case. People just reincarnate old use cases that haven't worked before into new coins to scam investors or just to produce coins that is useless to the network.I think ERC 20 have good usage. Surely not all, but some like MANA, Enjin, KNC, BNB etc. have given good profits and at the same time helped in crypto adoption.
This coins can give profits in the short period, if you sell when they are pumped, but they haven't helped in crypto adoption, Ethereum imo remains the only alt to have helped promote cryptocurrency adoption.I think with the future but if a problem occurs with the Binance platform like Mt. Gox it is cryptos controlled by exchange platforms.
June 21, 2020, 03:42:03 PM
That's why people in the world only know Bitcoin, and only crypto fans who understand altcoin and understand it widely. maybe altcoin requires time and further education for it, so it is widely known like bitcoin today. maybe the winner in the future is altcoin which has a function or feature that is really needed for use in the real world. I don't really expect altcoin for the long term, because Bitcoin is nearing perfect use in the real world.
June 21, 2020, 12:34:09 PM
The problem is not with eth nor it is with erc. Blockchain has nothing to do with a coin being a scam or being a bad one, probably it is just the opposite it would help it be a good one. You are basically removing almost all the problems with the project building and leaving you with just the features and simple stuff. So, yes it could be both a great thing and it could be a very bad thing.
If you give someone a way to build something awesome but also a way to scam people very easily as well and some people will pick one and others will pick the other. So at the end of the day, it is more like guns do not kill people but people kill people, well technically speaking guns do but guns do kill people while other people are using it. So I think this is the reason why ERC is not why projects are bad.
If you give someone a way to build something awesome but also a way to scam people very easily as well and some people will pick one and others will pick the other. So at the end of the day, it is more like guns do not kill people but people kill people, well technically speaking guns do but guns do kill people while other people are using it. So I think this is the reason why ERC is not why projects are bad.
June 21, 2020, 08:06:26 AM
I have been saying this for quite sometime now. There are too many altcoins in existence now. Out of the 10,000 or so altcoins created to date, the majority are now dead or dormant. But still, a few thousand of them claim to be active and even this number is huge. There is a saying - too many cooks spoil the broth. The condition of the altcoin market is like this. There are too many of them around, and this means that none of the coins are able to become 100% satisfactory to the users.
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