why so many currencies? - page 16. | Bitcointalksearch.org

btc4

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Quote from: pimvinken on November 11, 2017, 01:28:26 AM

There are many reasons for a currency to exist, first we need a new currency because we need to use it for our specific purpose, like we want to use that currency for banks, we use banks currency, but not all currencies are successful despite how advanced they are because they can not be applied in the real life.

Soon all using FIAT currency will be replaced by Bitcoin.At first it will replace the dollars,then followed by all the fiat currency.Do you know many online transcation are accepting the bitcoin as their one of the cash.This is the first step for growth to bitcoin.It may be a first step towards the success.

senin

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We really have a lot of tokens released. This has its advantages and disadvantages. Bitcoin was created with open source code, which allows everyone to create their own Crypto currency and this is a positive moment for finding and creating coins with more improved qualities. At the same time, this opens up the possibility of abuse of this right and the creation of absolutely unnecessary tokens and at the same time receiving their material benefits. As a result, the market puts everything in its place. The tokens are still in demand, and the unnecessary tokens are dying. This is the law of the market. So it should be treated calmly as inevitability.

pimvinken

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There are many reasons for a currency to exist, first we need a new currency because we need to use it for our specific purpose, like we want to use that currency for banks, we use banks currency, but not all currencies are successful despite how advanced they are because they can not be applied in the real life.

hot_ads

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Virtual coins make money Yeah, virtual coin financing faster and high return on investment income, the investment is relatively simple. The development of virtual currency is also a trend.

Scorpion

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Just like there are so many companies and websites, each one aims to have a different purpose and use so really there's no stopping these new currencies being made everyday.

GregH37

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Quote from: Fatemablabla on November 04, 2017, 06:58:19 AM

Not all of them are famous as bitcoin.all of them are not profitable also

Not degrading any currency. All currencies have their own importance but my first choice is bitcoin. It is quick and easy, it can easily be transferred and invested and gives a high output, it is helping people in many ways, multiple benefits waits for those who invest in bitcoin. People are over whelmed to get this currency in their life

KeeKit

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A lot of cryptocurrency are now emerging and the originals are bitcoin. Also, one of the best is Ethereum! Let me add that the Propthereum ICO crowdsale will run off a decentralized Smart Contract that runs on the Ethereum Blockchain. It is secured with a 256-bit encryption which makes it secure and reliable. Propthereum Tokens will be minted as PTCs. These coins are a digital representation tracking
the funding of our ICO and crowdsale. The pre-ICO token sale will take place on November 10, 2017 at 12PM GMT. You may check this link for more information: www.propthereum.io

Fatemablabla

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I'm Matured Now

Not all of them are famous as bitcoin.all of them are not profitable also

mintomia199

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there are a lot of currency but not all of them in a successful situation.some coin has a strong plat form that will make it successful but you have to keep in mind that some of them are scam.so before invest make a strong research of that coin and then invest .

boyptc

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Quote from: ?? on ??

there so many coins here because they want to have profit that's why they create it like bitcoin now see the transaction fee now i think its little but if many user's do that kind of transaction fee i think its so big.The bitcoin also use for buying or selling some then you can trade it in new coins so they create new coins for there own profit

Not all of them are for the profit, some are for advancement, technology and innovation. And they are thinking that entering cryptocurrency is a good idea of distributing the shares of their company by launching such ICO's. It's a matter of being popular as people are aware now with crypto's so it's an eye opener that there are so many (crypto)currencies.

Bergiolia

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Quote from: dali_masmoudi on November 04, 2017, 06:13:04 AM

It is the same questions that comes in my mind.
Why so many currencies ? If they think that it will happen like Bitcoin (from the bottem now it is 7k) they are wrong, it is true that history repeats itself but now I Don't think it will be the case.

There are so many companies that feels envy of Bitcoin's success so that's why they are creating their own Cryptocurrency Community because they're hoping to be the next Bitcoin in the future. Through History Bitcoin gained less support after a couple of years but educating people will make them set interests on supporting Bitcoin as we know today.

Bergiolia

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That question you mean "Why are so many Altcoins?" If that so then following reasons in my own views;
-Bitcoin Core is open-source and developed with numbers of developers today to keep the stability of the system and to show transparency between Developers and users/investors.
- This means, everyone can create their own cryptocurrency in their own kind of structure.
- It is free for all, IT Companies do develop their own blend of Blockchain that's why there's lot of Altcoins exist today and focuses on different fields.
- Competition between each Altcoins. The better the developers and support and marketing the better cryptocurrency they have to attract or invite investors to join their cryptocurrency community.
- Some Altcoins are just setting-up just to play with other Altcoins, some are already have red tags and some were unable to get support and investors.

There are a lot of reasons behind why thousands of Altcoins are exist today because everyone aside from investors want to get rich quick. And most of us are thinking the same way but we tend having lack of experience and knowledge how to start or build our own cryptocurrency community.

dali_masmoudi

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It is the same questions that comes in my mind.
Why so many currencies ? If they think that it will happen like Bitcoin (from the bottem now it is 7k) they are wrong, it is true that history repeats itself but now I Don't think it will be the case.

Babylon

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Quote from: Snyderfx on November 04, 2017, 05:22:45 AM

Yes there are so many cryptocurrencies which has made for many various of projects.but most of them are scam currencies .we must studying about there projects,white paper and there web site before invest.there is no pointing invest for the sake of investing

And they are just trying to ride the popularity of bitcoin. Its like they are also trying to have what bitcoin has right now. Like what you said, some are scams because people wanted to have money. Or maybe they just wanted to try to copy the popularity of bitcoin.

zarados

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fiat, Bitcoin, ALtcoin, and a lot of ICO. If that's what you mean so many currencies, yes it is. But I thought not every store and business would create their own crypto currency. It would be need more cost for them, to create it, and to promote it. Its not that simple to create your own cryptocc. You will need team to manage and develop it. THey would prefer use the crypto that already exist. Except, they have a project with cryptocurrency based, and need to collect money by creating an ICO.

jawadmehmood

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After bitcoin success there are so many crypto currency are in race to beat the bitcoin. Now a days ICO is the most profitable business in the crypto market. Also we know that every cryptocurrency don't get success like bitcoin. But the owner of cryptocurrency almost get instant profits in millions withing very short period of time, although that coin price even less then .50cents.

kaizerblitz

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because of lots of opportunity to earn by create a currency but there's so many scam and a choosen crytocurrency is the trusted. Before you invest make sure there's a lot of roadmap and project of the coin you want to invest.

Xenrise

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Well, think about this. We have cryptocurrencies and fiat. We have postmails and we have email. Well, this world is full of alternatives. And when it comes to crypto, why we have so many cryptocurrencies, it is just because we're late in jumping the bitcoin train.

edos2034

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Most currencies are not used for anything. They could use eth instead. But hey, money.

Snyderfx

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Yes there are so many cryptocurrencies which has made for many various of projects.but most of them are scam currencies .we must studying about there projects,white paper and there web site before invest.there is no pointing invest for the sake of investing

Topic: why so many currencies? - page 16. (Read 3051 times)