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Topic: WHy the fuck so many alt coins? (Read 3049 times)

ereborltc

hero member

Activity: 966

Merit: 500

Quote from: strunberg on May 08, 2013, 08:46:22 PM

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

The crazy rise of the blockchain project in 2017, let people see the road to making a fortune, will only create a lot of scam projects.

Vektrum

member

Activity: 420

Merit: 14

Quote from: hdclover on May 08, 2013, 10:14:22 PM

Why so many cigarette brands ?

And why are there so many types of clothes and shoes?
The only answer is that people want to create something of their own, something special and new, and also want to capitalize on it. Therefore, based on the fact that everyone is allowed to the process of creating new coins and tokens, this will happen in the future and this is quite normal. Only in this way can a cryptocurrency be improved and developed. Useless coins and tokens vseravno eventually leave the market.

TheCrimsonFucker

sr. member

Activity: 617

Merit: 251

Incredible, they were already unhappy with some altcoins since 2013! Imagine now? Grin

Grin

Well, it is a natural and inevitable situation, because each one wants to create the next BTC, instead of all go in a single path, it is preferable to each go their own way, it is the free commerce that provides this situation.

e@symode

full member

Activity: 616

Merit: 100

Because every person today is trying to create his own project, which can be realized sooner or later. Maybe today you and I will not be able to fully answer the question, but it seems to me that there has not been without greed.

JeBro

member

Activity: 714

Merit: 10

Living is easy with eyes closed ...

Damn, I can’t believe that this question worried the crypto community in 2013. I think fast money attracts entrepreneurs from all over the world to create new crypto projects. And at the current numbers, the quantity of crypto tokens will not stop.

sherenikaw

member

Activity: 630

Merit: 10

rocket.hashbon.com

I personally really don't think that i will be rich at this moment because of the crypto. In fact, I am not a trader that can hint the profits everyday. i am only a bounty hunter and an investor that can enjoy the profits after several months. Well, when seeing the market, this is too bad, they are likely dying and cannot be expected.

sexylady13

member

Activity: 322

Merit: 10

https://www.udap.io/ - Tokenize Everything

Quote from: strunberg on May 08, 2013, 08:46:22 PM

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

What's the panic? Why are you so afraid of such amount of coins but not thousands of shares in the Wallstreet markets? You seem to be a hamster who ask without trying to think with his own brains!

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: fuer44 on January 14, 2019, 06:28:07 AM

most fraudsters will continue to make coins with their best concepts to deceive investors and bounty hunters. this is very difficult to remove from the crypto industry.

It's possible to remove them as long as the investors must keep their trusted on the crypto expert and aware with any awareness regarding the scam project. But a lot of dumb bounty hunters are so blindly promoting shit scam coin just like ETCV.

Moriwhite

jr. member

Activity: 34

Merit: 1

The emergence of many altcoins sometimes has no development, I also wonder why many altcoins appear but don't develop anymore. since then I have stopped investing in the new altcoin because of doubt.

fuer44

sr. member

Activity: 1638

Merit: 262

most fraudsters will continue to make coins with their best concepts to deceive investors and bounty hunters. this is very difficult to remove from the crypto industry.

Pline

full member

Activity: 448

Merit: 100

People simply want to make own coin and there are a lot of ideas they want to realise.
Well, as far as I know, besides coinmarket cap there are a lot of coins with lower volume not presented there

corrado25

full member

Activity: 773

Merit: 100

In fact im think, at present, the number of altcoins is declined.I associate it with that ICO number developed at ETH has declined. Really in the market now much is not needed cryptos without technology and ideas designed to quickly make money and then disappear

BADBITCH

jr. member

Activity: 532

Merit: 6

Quote from: Tittiez on May 08, 2013, 09:57:43 PM

Because we make money off them.
Because they are fun to fuck around with.
Because it is a learning experience for the devs.
Because there is no stopping anybody from making one.
Because, why not?

I think your reasons are exactly what happened in year 2016 and 2017
Everyone made fun of altcoins and I’m the process learnt a lot of lessons and made a lot of money too
Even more money because there are thousands of uselsss tokens across exchange platforms

Felic43

jr. member

Activity: 406

Merit: 1

99 percent of the new coins are here to raise money after they will run aways with someone money, information, energy.

chairmanMao

member

Activity: 456

Merit: 15

This is the serious consequence of the abuse of ICO. This directly led to a large devaluation of cryptocurrencies, but the growth of emerging markets in capital is usually crazy. The bull market will come when Bitcoin approaches death.

plr

member

Activity: 1120

Merit: 24

Not really people but organizations and companies since creating a token is now very easy and it is open source, anyone can create their own token for their organization and companies, and because of this we will see more tokens in the market that are attached to a company or organization.

maaldaz

member

Activity: 420

Merit: 10

I had ever meet something or project that saying that if they join them, there is a possibilities that they could create their own personal coins for themself without having to struggle with the code or something like that. I believe that is one of many reason why there is so much coins available.

darewaller

hero member

Activity: 2772

Merit: 634

Quote from: strunberg on May 08, 2013, 08:46:22 PM

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

There seems to be a bit of bad rep about the number of coins in the recent couple months. I have started to see more and more topics of how new coins are bad for business and whatever constantly, that is not to say people are wrong about the subject but they should realize that ICO and new coins are not a new thing.

Back in the day ICO wasn't a deal but people created their own coins constantly and premined almost half of the coins themselves as a means to make money later on and just published the wallet like a start and than manage to get people to use that coin instead and they would sell their coins small by small to make the funds needed.

All of the big coins you see started that way and wasn't a big problem considering for every big coin like eth there was a thousand useless coin. This is not a new thing and the only difference is now people need to pre-fund something before it comes out, so if they stop funding bad ones we will not have this problem at all.

FUD Expert

full member

Activity: 434

Merit: 100

Quote from: strunberg on May 08, 2013, 08:46:22 PM

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

Blockchain is like the internet. People will create websites of they own to advertise and promote their products and services. But I got to agree that the effect of many altcoin is different from websites. Many websites created means that there's a great opportunity in it but many altcoins means many investments lost is failed projects.

[email protected]

full member

Activity: 1120

Merit: 101

Quote from: Ryananda on January 13, 2019, 08:24:24 AM

being rich is everyone's dream, so in terms of looking for wealth, it takes intelligence both in terms of making altcoins and other things, we cannot stop every step of the person who wants to go forward and seek wealth.

in fact they don't only talk about wealth. some of the many altcoins are now a result of industrial developments that are beginning to become interested in crypto technology. or market demand that asks some industries to keep up with this development, because they know that there will be many interested people who can give him an advantage.

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Bitcoin Forum>Alternate cryptocurrencies>Altcoin Discussion

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