Topic: What would happen if there will be too much Altcoins circulating the internet? (Read 525 times)
October 18, 2018, 04:46:20 PM
Since the hype of the crypto market just died, along with it are alts with no real working product and does not have a huge support from the community. I don't found any project yet that the price and popularity will be same as Bitcoin in future.
October 18, 2018, 04:40:42 PM
I think it will not. Quite the contrary. Now the market will clear itself of useless coins that do not carry any good. So most likely there will be less coins.
There will be less coins but only for a while, many coins are going to disappear and are not going to be replaced for some time but as soon as the market of cryptocurrencies begins to give signs that it is recovering again we are going to see many of the same projects being revived under different names and people will invest in them trusting that this time things are going to be different. October 10, 2018, 02:56:58 AM
I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
No problem, coins will be destroyed because they cannot survive, coins with a solid project team, goals that can be achieved in the near future and sustainable, and maintain their integrity and credibility, will surely last a long time.
October 10, 2018, 02:55:08 AM
I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
The number of altcoins in the circulation did not translate to over all increasing in the market capitalization of the cryptocurrencies. In think we don't need most of the altcoins and tokens in the market as some of them are the same and solve the same problems. October 10, 2018, 02:35:18 AM
I agree with you that most of the Altcoins will simply die, only those who have a future perspective will remain, but I think that no one will be able to achieve such a price as Bitcoin.
October 10, 2018, 02:03:00 AM
Now there are a lot of Altcoins who are already dying. I think that good projects will only increase in price.
Good projects will recognised but not all of them are getting the spotlight.Some aren't surviving because of lack of exposure. They can continue but to ask if the price of those is likely to reach bitcoin's price, I don't think so. Bitcoin got the popular of being the first coin and its total supply is 21 million unlike most of the coins now, they are hundreds of million so try to create the solution on how much they needed to reach bitcoin's price.
October 10, 2018, 12:58:17 AM
Now there are a lot of Altcoins who are already dying. I think that good projects will only increase in price.
October 10, 2018, 12:47:13 AM
Well it depends on the coin, it depends on the coin how well the developers develop the project, how good the marketing team advertise the coin, but with too much alt coins that offered the same function then it will make the coins become weaker, if ICO keep on coming out then there is no chance alt coin can beat bitcoin
October 10, 2018, 12:17:50 AM
Only the best coins will survive.
October 10, 2018, 12:12:08 AM
I think it will not. Quite the contrary. Now the market will clear itself of useless coins that do not carry any good. So most likely there will be less coins.
October 09, 2018, 11:28:27 PM
Nobody needs a lot of altcoins. All of course believe that one day will come such an altcoin that can beat Bitcoin, but so far there are no such altcoins, and there are only dying coins.
Every day that passes bitcoin becomes more dominant, more popular and more valuable, and if things don't change and that altcoin that everyone is waiting for doesn't appear then the chances that coin will displace bitcoin even if it is a better coin will become even more remote, and by looking at the market of altcoins and the incredibly low quality that many of those possess the chances that bitcoin is going to be surpassed are very low. October 09, 2018, 09:13:59 AM
Altcoins who can survive the next couple of years seems to me to be very few, because there are very few really worthwhile projects!
October 06, 2018, 05:48:45 AM
Definitely there are too many altcoins and they cannot all possibly hope to survive. So what will happen to them? First of all, let's not forget that some of the coins are already dead. Check this website:
https://deadcoins.com/
To date, they list some 929 coins, which are either dead, have been found to be scam, or someone hacked them. I'm afraid many more will be listed there in the years to come.
There is also a significant number of alts that will die a long and slow death. Their value will gradually diminish, and eventually no one will care about them and they will cease to exist.
The ones that survive will never reach the bitcoin value, though. They may compete for a fraction of market cap, but IMO, BTC is the supreme number one for many many decades.
Lot of scammers launches fake projects and on the bank there is no coin. They only want to collect money from people around the world and when they succeed, they disappear from the market. There are also very good Altcoin which will make place in the market forever. You can make good profits from there. But it is necessary to check the credibility of a project before investment. https://deadcoins.com/
To date, they list some 929 coins, which are either dead, have been found to be scam, or someone hacked them. I'm afraid many more will be listed there in the years to come.
There is also a significant number of alts that will die a long and slow death. Their value will gradually diminish, and eventually no one will care about them and they will cease to exist.
The ones that survive will never reach the bitcoin value, though. They may compete for a fraction of market cap, but IMO, BTC is the supreme number one for many many decades.
October 05, 2018, 07:50:17 AM
I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
There is already too much altcoins circulating now and there are way too many people using these altcoins to take money out of the market, what would happen if there were way too many altcoins circulating around on the m=internet is what we are experiencing now. The best we can do is to hope that people stop investing in the scam coins
October 04, 2018, 09:23:52 AM
I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
Absolutely nothing. Since some of those coins will be useless in the end and people may not try to engage with those kinds of coins then maybe they will stay useless.
October 04, 2018, 08:53:26 AM
I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
More and more people will invest in crypto. There would be a huge competition between ICOs launchers. Everyone will try to collect huge funds. Bounty hunters will get more chances to earn money. They will get more chances to join bounty campaigns. Hope the use of cryptocurrency will also increase with the creation of new ICOs in the market. October 02, 2018, 09:48:17 AM
There are thousands of altcoins circulating in the market amd some of them are already erased because of unserious team members, not enough funds to support the platform, poor advertisent or partnerships and maybe a scam platform. Those altcoins that survived always have a chance to reach the price equal to bitcoin but they will always stay behind the king of cryptocurrencies.
October 02, 2018, 09:42:08 AM
I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
I think it's not a problem if we have many altcoins in the market as long as they have a good application and adoption that can attract investors then they will survive. Currently if we look in the marketcap we have many altcoins that and I don't know if they will survive in the next 2 years. 
October 02, 2018, 09:31:54 AM
to be equivalent to bitcoin is not an easy thing to do even though there are thousands of coins that finally disappear, bitcoin has its own power and cannot be compared to other coins, but it affects the price, of course it happens all the time, not because the coins are lost, but because of competition for bitcoin holders who play on the market
October 02, 2018, 09:30:45 AM
In this wide market and competition is tough, altcoins who are strong shall remain and the weakest will be out.
Those alts that will survive can reach the current price of bitcoin now $6000 while bitcoin will reach new heights.
Those alts that will survive can reach the current price of bitcoin now $6000 while bitcoin will reach new heights.
Jump to: