Why altcoins are rampant in the market - page 5.

senyorito123

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

These altcoins is very important in order to make the market more productive. Without it, trading activities will not be active just like what we've seen todays popular coins to soar higher. Btc exchange would become in demand because of those coins that exchanges and convert on a desired tokens they wanted to invest using bitcoin.

andriarto

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

Crypto is like a plant, anyone can plant it but not many can take care of it, so many die. Natural selection will prevail, even if the number of crypto continues to grow but I'm sure only 10% or less will survive.

right, this is a free market, where every day many new projects are launched, but indeed only a few projects will survive and have a solid new community. many projects are without a real product, and end up falling into hype circles. therefore we must be careful in investing in new projects

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Those coins that were created during hype or bull run are the real "shit" coins. They are made just to scam people. More like to pump and then dump. Don't invest in those altcoins. The crypto currency market is a free market. So you really can't stop them no matter how hard you try. The best you can do is just avoid them. If you invest and try to get lucky, you will be encouraging more scammers to make more shitty coins. But all altcoins aren't shit coins. There are some good ones out there. You just need to find it out.

Clavulanic

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They became so rampant because of doubts, most people who've encountered failures of altcoins projects are hesitant to trust another new altcoins. Most often, they're confident on old and trending coins rather choosing new ones. Top and in demand coins has the highest chance for profit making, so there's a guarantee for returns of investment on our money.

jostorres

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You job is to sort it up and classified which is which, or if you are willing to gamble with fate and you can risk some spare money that you have.

Very dangerous but it's a matter of how good you are playing around, it serve same a like with gambling, if you are ready to lose but with high hope to gain huge amount of profits.

That is a very hard job and that is why I do not care about checking which one is which, who cares about the current situation when I can simply focus on what I have at my hand, the top coins are already great so why should I be worried about which new coin is good and which coin is bad, because I know the top ones and the good ones so that is something good for me.

So there is nothing to check and see about the new tokens, it is just very boring to keep doing the same "will this be a gem or will this be a shitcoin" type of thing, it just doesn't make sense to me. Which is why anyone who puts their risk into those things will end up with many many many losses but then at the end of the day maaaybe they will end up with something good, why would I risk so much money to get maybe a small chance of making a good return? I rather go get more btc and eth.

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

We can't do anything with altcoins, there is no ban on creating new coins/tokens. Good projects will attract users and will survive. The garbage project will of course soon market layoffs. Anyway, the crypto market is flooded with scam projects, low quality projects,... and has no limits. Your job is to find high quality projects. It's not that simple!

Tervelatuk

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Quote from: Shasha80 on July 14, 2021, 09:03:56 AM

Many people want to try their luck in the crypto world by creating new projects, they do fundraising. Therefore altcoins become rampant and new projects
keep popping up. But in the end many projects die and don't last long, because indeed most of the new altcoins circulating do not have a clear function
and are only a copycat of the previous altcoins. So be careful in choosing altcoins for investment, choose ones that are quality and have strong fundamentals.

fake developers now try another chance to scam our money by creating shit project. there are soo many useless project that actually shoud not got attention from investors because they just duplicate existing project without any new developtment. while we find this project better to avoid and come to major coins only.

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Quote from: jorjeIII on July 13, 2021, 07:58:23 AM

Quote from: JackieAinsley on July 12, 2021, 08:22:58 AM

Now, during the fall of the cryptocurrency market, it is very important to attract attention to yourself so that people notice the project. Here is an example of how to attract attention to yourself - https://dragonbite.medium.com/dragonbite-announces-uniswap-ido-with-a-ferrari-8beebe4f0f13

Now the cryptocurrency market is falling and it is very difficult to attract attention to cryptocurrencies, as many people have lost money and become disillusioned with cryptocurrencies.

During the fall of the market, attention to cryptocurrencies falls significantly. Therefore, the Ferrari California prize will attract attention to the project. This is a very serious and expensive prize.

Shasha80

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Quote from: Sirait on July 13, 2021, 12:37:05 PM

Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Altcoins are rampant in the market because there are still many who want to try their luck in the market. no one can stop the crypto market because the crypto market can't be regulated, dozens of new altcoins appear and dozens more die every day. the market is very tough and only altcoins that have quality can feel the market.

Many people want to try their luck in the crypto world by creating new projects, they do fundraising. Therefore altcoins become rampant and new projects
keep popping up. But in the end many projects die and don't last long, because indeed most of the new altcoins circulating do not have a clear function
and are only a copycat of the previous altcoins. So be careful in choosing altcoins for investment, choose ones that are quality and have strong fundamentals.

CryptoGuy42

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altcoins can be a reason in the market to increase the price of existing coins, with many altcoins appearing to cover the correction that occurred in bitcoin, now bitcoin prices are starting to weaken while altcoins continue to appear but on the other hand we can see bitcoin has made a lot of corrections so altcoins or ethereum can be used as a solution now

As more coins join the market, it could spread out inventors money and make a new coin or existing coin not have as quick gains in the past.
It is all about investing in project after you do your research and only invest what you can lose. I like to look into projects I think will take off because I like the case use. I am really excited for Black Eye Galaxy ($BYG). NFT/planet owning game that you can actually get returns on planets/resources you own in game.

agg2702

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basically this altcoin is an alternative when bitcoin is having problems and it is trusted or not altcoin is indeed a solution because besides the price is more affordable because we know that bitcoin has become prima donna and the price can be said to be quite expensive even though now there is a decline, bitcoin is still very difficult to achieve and Alatcoin has become one of the targets for small traders and I also think that altcoins are promising in terms of future prospects. but that doesn't mean everything in altcoins is promising and only a few that I feel are reliable and I still believe in ethereum bnb and cardano too. and this is where we have to really think and do research for this because now there are not only a lot of trash tokens but also a lot of coins that become shitcoins because there are so many coins in circulation. Even I myself may not all know about the names of the coins that exist today

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Altcoins are rampant in the market because there are still many who want to try their luck in the market. no one can stop the crypto market because the crypto market can't be regulated, dozens of new altcoins appear and dozens more die every day. the market is very tough and only altcoins that have quality can feel the market.

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Altcoins in the market rampant because right now it's too easy to make crypto, but I'm worried because this rampant will kill crypto slowly, and the thing that can be done is to do a strict selection of crypto that will be accepted by the market.

A lot of developers who churned out shit altcoins does so to make quick money many of them are pump and dump recall the huge number of altcoins that once thrived when bitcoin hits ATH in 2017 are now worthless probably because of abandonment or lack of development and inability to follow their roadmap by their developers of course they must have earned huge profits before or after their ICOs thus not interested in the project again, with the exception of few altcoins that are well managed by their developers and thriving well in the market, this is also as a result of non regulations of crypto market where every Tom, Dick and Harry just clone a major altcoin and enters the market in a bid to collect investors funds and disappear into thin air without any trace, it so disappointing seeing a lots of altcoins that does not merit to be in the market being manipulated by few whales in a bid to deceive some unsuspecting investors to buy those coins and later dump it.

Vishnu.Reang

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The real reason for the existence of tens of thousands of different altcoins is that it takes just $20 or $30 in investment to create a new coin. If you have a good idea and you know how to advertise, then you don't need any funds from your end. You can just start an ICO, and as long as the soft-cap is kept at reasonable levels, you will be able to attract funds. Now there is no guarantee that the promoters will continue with the development or not. Because they are not investing any of their money in to the project.

aioc

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

I'm doing that, I invest in Bitcoin and I also invest in altcoins, and it's the right thing to do because you are not putting all your eggs in one basket if you want to make a profit in the market, diversification is the key and checking the right coins to invest I don't believe that only Bitcoin is the only profitable coin in the market, the market is very wide.

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I think Kucoin will be a really interesting platform and its KCS the gas needed to use the Kucoin Community Chain.
I invite you to do some research because the potential is to see a second BNB.

The Kucoin platform has been good for a long time and KCS has also had some good developments so there's no doubt that for now, it will compete with others in the cryptocurrency space as well.

Although it is good in the kucoin market it is very difficult to say for sure because the currencies are competing in the crypto market. You can see BNB and Ethereum if there are a lot of altcoins in the market these are at the top of the currency competition.

panjay

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People just look for an alternative to doing things, something they can grasp financially/tech or something they value over because it makes it easier for them.

And people got incentives for making alternatives to bitcoin. Money.

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

This is what you must remember , That Bitcoin will be nothing if there are no altcoins and the competition is reigning because Bitcoin is increasing and the value is also increasing .

That is how market goes, maybe there are some shitcoins going Stupid but make sure that some altcoins are also making good act towards the use for the people.
there are some chances that you will make this best when the altcoins are already goes in demand in the future.

jorjeIII

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Quote from: JackieAinsley on July 12, 2021, 08:22:58 AM

Now, during the fall of the cryptocurrency market, it is very important to attract attention to yourself so that people notice the project. Here is an example of how to attract attention to yourself - https://dragonbite.medium.com/dragonbite-announces-uniswap-ido-with-a-ferrari-8beebe4f0f13

Now the cryptocurrency market is falling and it is very difficult to attract attention to cryptocurrencies, as many people have lost money and become disillusioned with cryptocurrencies.

CryptoGuy42

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Quote from: 19Nov16 on July 12, 2021, 12:31:05 PM

Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

This is a complicated matter, but I don't want to dwell on it, almost 11k altcoins that are officially on the exchanges i think is a good opportunity because we can profit from messed altcoins.

As more coins join the market, it could spread out inventors money and make a new coin or existing coin have as quick gains in the past.
I like to look into projects I think will take off because I like the case use. I am really excited for Black Eye Galaxy ($BYG). NFT/planet owning game that you can actually get returns on planets/resources you own in game. The person that originally found the NFT also earns 40% of the revenue if sold.

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