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Topic: Would There Be Enough Room in the Future for all these Digital Currencies? (Read 389 times)

member
Activity: 168
Merit: 10
I do not see any place in the future for any token, while some of them will not be stable. I mean, the only obstacle for the majority of tokens is high volatility.
full member
Activity: 791
Merit: 139
We have a big world and so many project than can be develop.
There will be more rooms for cryptocurrency to come in this community.
merchant should have their own ICO to support their businesses, blockchain should be also use  for their file keeping.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
We have so much and enough cryptocurrency in our midst that I think there is no need to create more of it, this is the reason why investors are not investing in all the ICO that are coming around, they only pick those who are likely to succeed and investors are getting wiser now, thereby eliminating duplicate project from ICO.
Youre wrong the current situation for the all crypto right now basically the same as stock market, some project could hold on and the majority will fail, just a nature selection, you're just too paranoid without realizing that if all the project succeed there's no word poor people because the would throw all the money to this thing.
member
Activity: 253
Merit: 10
Likely to fit there, and 90% the ICO are already dead, and about 8% ahead. There is no doubt that the 2% of live counters fit perfectly into the new world.
sr. member
Activity: 2254
Merit: 258
We have so much and enough cryptocurrency in our midst that I think there is no need to create more of it, this is the reason why investors are not investing in all the ICO that are coming around, they only pick those who are likely to succeed and investors are getting wiser now, thereby eliminating duplicate project from ICO.
copper member
Activity: 462
Merit: 10
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?

Many of this Coin will definitely go. Not all can stand the test of time.
member
Activity: 633
Merit: 14
We don't know the future will be like what to crypto. but to see the associated function coins crypto in the future I think it all depends with the capabilities of the platform. If could team up with real industry in the world I think is not closing the possibility of some coins can be used for payment in the future.
member
Activity: 294
Merit: 14
Most of the existing tokens are merely copies. I mean, you can not be sure of any of them, because five or even 10 tokens can have the same goal.
member
Activity: 280
Merit: 10
Fast, Smart, Trustworthy
This is not the case. I don't think most of the cryptocurrencies on the market have any use value. They can only be used as investment products. I think that future cryptocurrencies can be used as a payment method for the Internet, not for transactions. !
full member
Activity: 2352
Merit: 245
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?

Of course, in the future there will be a lot of cryptocurrency. Probably a lot more than there is now. Their application is very diverse, so each of them will occupy a niche in our physical world. However, this process will be very long and difficult, since governments are generally not interested in implementing decentralized cryptocurrency.
member
Activity: 294
Merit: 10
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


There is, therefore, most of them to be destroyed. A huge number of investment options slows down the entire process of growth of the market. This must change.
sr. member
Activity: 980
Merit: 255
There is not enough space in the market even right now for most of the coins that exist, this is why we see such a high failure rate among coins, however the recent bull market was so extreme that many scammers still got incredible profits out of their failed projects and they are deciding that they are willing to try to keep creating useless projects because the money that they can make is simply too tempting and they are not willing to leaved it there for honest projects.
full member
Activity: 812
Merit: 102
No, I think that in the future we will not limit ourselves to the use of one coin. All coins are individual and used in a certain area. If in the future we can actively use crypto and blockchain technology, we will need a few coins.
full member
Activity: 571
Merit: 100
I think it fascinates people so much because they just want to make as much money as possible and that is why they delve into the essence of cryptocurrency and what and how it works.
legendary
Activity: 3122
Merit: 1140
if I talk about technology and its uses, I have my own belief that cryptocurrency will have a place. when viewed from current technological developments in the field of technology, many technologies use file as evidence and others. so I think Crypto will compete and be useful for transaction tools in the digital world
But this would only implies or applies into some coins only which do really have that kind of benefit or usage that can really be useful to people and the
rest is just a pure trash.If we do try to look at on the current numbers I don't see for them to be relevant to exist. Blockchain tech is really innovative and sooner
or later we will really see a great adoption on most sectors.
hero member
Activity: 756
Merit: 500
if I talk about technology and its uses, I have my own belief that cryptocurrency will have a place. when viewed from current technological developments in the field of technology, many technologies use file as evidence and others. so I think Crypto will compete and be useful for transaction tools in the digital world
jr. member
Activity: 238
Merit: 1
In the future, a huge number of cryptocurrencies will have a place to grow more and more. Currently, we see that cryptography is widely distributed in all areas of business. The number of participants increases significantly. This is proof that the cryptocurrency has a great prospect.
sr. member
Activity: 700
Merit: 250
I don't think, in the end when indeed the world really want to admit the crypto then only some will be the best crypto can grow so large and growing. the rest is just going to be mediocre and crypto not uncommon which died. This certainly will also be proportional to the emergence of many new cryptos also would be able to deliver new innovations and adding variations on the market.
member
Activity: 334
Merit: 10
Global Trans-Fee Mining Exchange
There is no chance of fitting and 90% of ICOs are already dead and aproximately 8% to come. 2% of living tokens will fit the new world perfectly, there is no doubt.
member
Activity: 420
Merit: 10
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


No, that is why most of them should be eleminated. The huge amount of investment options slows the entire process of market growth. It needs to be changed.
full member
Activity: 476
Merit: 100
I will show you analogy. Answer the question: do we need so many traditional businesses and start ups? The only difference is that all this traditional businesses use not so many currencies.
legendary
Activity: 2380
Merit: 1343
Well not all of these currencies ir projects will survive. We all know there are
a lot of scams as well as projects which will grind to a halt and others which
will be eaten by bigger and faster moving projects with a similar product so
i believe some will survive and be successful.

There is plenty of room for them and they are all competing for approximately
50% of the pie, bitcoin holding the other 50%
member
Activity: 658
Merit: 10
Rangers Protocol
Yes there is, as far as I know not all cryptocurrencies will overcome the market struggles of pump and dump. The swing can happen in season or out of season. The tendency some choose to give up their platform in order to minimize the loses. Weak crypto doesn't have room in cryptocurrency place.
member
Activity: 826
Merit: 11
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


As for my personal opinion I don't think we need so many cryptocurrencies because most of the crypto projects was like the others so those few popular once will only survive. If a particular crypto project is just like the other that already exist then investors and supporters would surely pick and use those tokens and coins that are already established just like bitcoin and ethereum. Imagine there are more or less than 4000 coins/tokens that exist now and the use and purpose of each are almost the same.
member
Activity: 294
Merit: 10
I think only 5-10% of projects that are running now (had "successful" ICO) will be present in 1-2 year time. We actually don't need so many projects to co-exist at the same time since they are very similar (in their own respective sectors of course). The truly unique ones will prevail over others. I also don't see us using only one crypto like bitcoin. I mostly use ETH, because I think the pros outweigh the cons compared to bitcoin.
I agree with him. In fact, many projects require people to use them in large numbers to succeed. This may be a bubble feast, but it is difficult for investors to choose future projects. Too many projects are unrealistic. But there are really great projects here.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
the only good news is that every shitcoin has a short lifetime which means they will die sooner or later and when they do die they open up room for more shitcoins to be created and take their place instead.
you can take a look at all the shitcions that were created, pumped and then died in the past 10 years to see lots of examples.
member
Activity: 448
Merit: 10
I am pretty sure that there are enough rooms for the coins of cryptocurrency even how many years from now. By the development of crypto world, the cryptocurrency industry is ready enough for the possible outcome of future crypto related issues. Thus this means that there will be no problem about this. We just hope for a great development of cryptocurrency.
sr. member
Activity: 770
Merit: 250
not all of the coins will be needed. only coins that do have a nice innovation and a system that is quite useful for the future that will last. many coins show up each time, but many are also among those with the longer die due to intense competition and the loss of many investors. When he wanted to be able to produce and last a long time on crypto, election coins must be considered because it was an important determinant of profit and whether or not.
sr. member
Activity: 1078
Merit: 270
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


of course not, you should try seeing dimarketcap
so many altcoins arrived and registered there. but almost on average it only becomes a shitcoin, pumped up and then thrown away that's exactly what happened. so the points are only a few altcoins that really work great especially for bitcoin.
member
Activity: 686
Merit: 10
already there are huge amount of crypto currencies in crypto market. so the money will be spread between those projects. so only the best projects will do huge increase in its price because of good competition. anyway more coins means more new things to crypto, new tech too. its a good thing for the growth of the market
member
Activity: 336
Merit: 10
I think in the future only a few coins exist in the market. Most coins and tokens will disappear. There are too many coins in circulation today that do not work.
member
Activity: 294
Merit: 11
I see no room in future for any of tokens, untill some them will manage to become stable. I mean that only obstacle for most tokens is high volatility.
member
Activity: 378
Merit: 10
Most of existing tokens are just copies. I mean that you cannot be sure about any of them, because five or even 10 tokens may have the same purpose.
member
Activity: 686
Merit: 10
5-10 cryptocurrencies will be enough to pay for goods, but tokens can be as much as you want. A lot of scam projects, they spoil the overall picture of the crypto world.
sr. member
Activity: 882
Merit: 269
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?

There will be enough space for all the cryptocurrencies to coexist and even those that are still to come will still make great impact in the future.  I think cryptocurrencies and blockchain technology is the future of our capital and money market and the future will bring many solutions to serious financial problems we are facing today.
member
Activity: 644
Merit: 10
Now more and more people who know about this technology. And many people are interested to invest in Cryptocurrency. Cryptocurrency is a very large industry and offers a lot of work. So I always hope that Crypto has a very good future.
sr. member
Activity: 770
Merit: 250
As we all know that the digital world is keep on increasing, and that will also opening the opportunity for the cyptocurrency to take place and grow together in digital world.
sr. member
Activity: 588
Merit: 250
I am sure and believe that if more and more people understand cryptocurrency, I am sure that the future of cryptocurrency projects will grow.
The human need for tkenology is increasing, not getting down.
jr. member
Activity: 658
Merit: 5
The word is huge and large and so is Crypto currency wide too
There will be chance and space to accommodate all and every digital currencies
And we could be witness to their effectiveness too
jr. member
Activity: 163
Merit: 1
The world has a huge space and room for Crypto currency to grow up more and more. Now days we can see the wide spread of crypto is anywhere, the  number of users increases significantly. It is the proof that crypto currency is acceptable and can improved more than it. And Crypto currency can unite virtual currency in the world.
newbie
Activity: 97
Merit: 0
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?



there won't be, there are way too many of them and not enough good products to go around so a lot of them are just going to end up dying out in the coming years. I try to make use of the opportunity that the coins present to buy the good coins now while people are still focused on buying the ones that are no good, when they start dying out, the good coins will be of even greater value than ever before.
sr. member
Activity: 980
Merit: 255
Well, there is space for all the good ones and some of the bad ones.

A lot of the coins are cashgrabs, plain and simple. I think it only speaks to the success of the movement that there are almost 2000 coins listed on CMC (coinmarketcap).

There are coins with huge pre-mines that by all rights should have been dead.

All those coins are useful in that you can try to break the weaker networks, and other people can try to protect them, they can take different approaches to scaleability and security and features and UI/UX and we can take what we want and put it back into Bitcoin.

Take instantsend coins (Syscoin, Gincoin and others)...

That's an awesome feature that can not be easily implemented on bitcoin. But nothing stops you from trading for some instant send coins and using them for these kind of transactions while holding most of your funds in Bitcoin which is the most secure.

There's plenty of room.

I hope we make it to a million different coins some day.



As long as the coin is legitimate then that coin is always going to find support in the community, it doesn't matter if it is not the most innovative project, as long as the people behind the coin are honest developers that are trying their best there is going to be some room for that coin even if the market crashed I'm sure that such a coin will survive, but what we are seeing is that many coins are scams and when the market moves against those coins I'm sure that not a single one of those coins is going to survive.
member
Activity: 473
Merit: 11
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


actually we only really need very little coins, it's just that until now there are still many people who are trying to make and give birth to new coins with the functions they want. like banks, ATMs, credit cards that we use with the few types and types.
hero member
Activity: 1492
Merit: 763
Life is a taxable event
Well, there is space for all the good ones and some of the bad ones.

A lot of the coins are cashgrabs, plain and simple. I think it only speaks to the success of the movement that there are almost 2000 coins listed on CMC (coinmarketcap).

There are coins with huge pre-mines that by all rights should have been dead.

All those coins are useful in that you can try to break the weaker networks, and other people can try to protect them, they can take different approaches to scaleability and security and features and UI/UX and we can take what we want and put it back into Bitcoin.

Take instantsend coins (Syscoin, Gincoin and others)...

That's an awesome feature that can not be easily implemented on bitcoin. But nothing stops you from trading for some instant send coins and using them for these kind of transactions while holding most of your funds in Bitcoin which is the most secure.

There's plenty of room.

I hope we make it to a million different coins some day.


hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
There will always be enough room for all the cryptocurrencies and also for the newcomers. Because not all the old coins will remain or be what is it now. The truth is, there will always room for the new ones because the old ones will fail or will decide not to continue their operations due to various reasons.
The Crypto is about the competition, who can try to create the product and it will be trusted by the community, so many projects don't have competence to create such a new platform. and that's why a lot of investors are loosing their faith to that. remember the only those coins are not trusted will not be trusted by the investors. So many copycats platform and that makes so many coins died.
full member
Activity: 429
Merit: 100
Despite of the technological era, I think not all cryptos would fit due to their quantity. Morelikely, those that are useful wouldd remain and those that are having a not so timely platform would be left out. Well established cryptos would surely dominate the market  in the future and we may expect that those that are not on top today, would be on the peak in the future.
newbie
Activity: 151
Merit: 0
There will always be enough room for all the cryptocurrencies and also for the newcomers. Because not all the old coins will remain or be what is it now. The truth is, there will always room for the new ones because the old ones will fail or will decide not to continue their operations due to various reasons.
hero member
Activity: 2842
Merit: 625
DGbet.fun - Crypto Sportsbook
The crypto space for new ICOs, upcoming ICOs and current ICOs is crowded already. We don't need more coins to exist as of the moment, if the community will stay and unite to support only very few coin.

This market is going to be healthy for most of the traders and there will be large volumes for all of those existing coins. But as we can see, the support of the people is divided and we have our own preferred coins.

There's a chance that in the future, maybe 1-5 coins will remain and will be used as major coin.
member
Activity: 470
Merit: 12
This question is very easy to answer: it is impossible for all coins to reach the point where every single one of them will be self-sustainable and profitable. Just like 99,999% of companies cannot reach Apple or Amazon, most of the startups will never lead their space of interest. But I am not worried. The market can regulate itself and the best projects will have an enormous strength. On the other hand, no one says that a new one cannot beat one of the tops if they come with a more attractive solution. The only way to stay on the top will require constant updates and progress, which is great for us, potential customers  Wink.
full member
Activity: 420
Merit: 100
There are only more than 1 thousand cryptocurrencies on crypto market at the moment and there are more than 7 billions people in this world so I think there are so many slots left for new cryptocurrencies in this world Smiley)). Maybe it'll be full when everyone will have their own cryptocurrency.
newbie
Activity: 84
Merit: 0
It is rather hard to tell, who knows, maybe we can get them to an application they belong to, the thing is that the majority of those coins are just there to be listed on exchanges and get profits by just being in the market.
sr. member
Activity: 980
Merit: 255
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?

Right now we are still in the early days of cryptocurrencies, so a lot of experimentation is going on that is why we have so many coins but at some point in the future people are going to realize that it's impossible to have so many coins and I predict that at least 90% of the coins that we have today are going to completely disappear, however I do not think that we're going to have a future with only one cryptocurrency because there are other cryptocurrencies that are useful and do stuff that bitcoin cannot do.
sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


Hello paypal? This is not actually surprising as in a way this was expected but in what form or mean. The security and privacy are two of the main proposition to truly adapt to virtual currency. As well as this is not a shock at all as we are in the digital information and application age.
newbie
Activity: 106
Merit: 0
The great majority of the enormous quatity of coins appearing these days would probably end up disappearing at some point, I think no more than 20 projects could end up succeeding.
full member
Activity: 630
Merit: 103
I think that most of the coins worthless, and therefore is likely about 80 percent of the coins simply will not survive. If there is no demand for them, they will simply die.
newbie
Activity: 65
Merit: 0
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?


There certainly will not be enough room for all of them, yes we need altcoins but we really do not need this much altcoins and that is the truth. A lot of them are going to die out along the way. There will be instances of creators leaving their coins, people moving on from coins because they are useless so a bunch of them will just die out really.
member
Activity: 350
Merit: 11
There is not enough room for all of them now and I doubt that there will be enough room for all of them in the future when you think about all of the new altcoins that will be put into the market by then. That is why there will come a time where a lot of the valueless coins will die out and only the ones with products that people can actually use will remain,.
newbie
Activity: 30
Merit: 0
I personally think that not all of these digital currencies will have enough space in the future. With the development of the cryptocurrency market, only those cryptocurrencies with "successful" ICO support will get better and better, such as Bitcoin, Ethereum, I hold them now, I believe that holding them for a long time will bring me a good return.
jr. member
Activity: 504
Merit: 3
I think only 5-10% of projects that are running now (had "successful" ICO) will be present in 1-2 year time. We actually don't need so many projects to co-exist at the same time since they are very similar (in their own respective sectors of course). The truly unique ones will prevail over others. I also don't see us using only one crypto like bitcoin. I mostly use ETH, because I think the pros outweigh the cons compared to bitcoin.
jr. member
Activity: 196
Merit: 1
The world of cryptocurrencies truly fascinates me. How can it not? I’ve never seen so many people this excited about the concept of virtual currency before. Even the dialogues in this forum are very dynamic and of course, informative (I might have picked a few tips here and there Smiley). I know these coins have proven to be very good investments and I’ve read so many success stories already about people making a huge profit out of this.
But would there be enough space for all these ICOs and coins to co-exist? Do we need this many coins? Or are you foreseeing a future where we will be using only one virtual currency?
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