Too many altcoins!

[Leny]

too many altcoins are not too good for me. do not need too much. the important thing is, these existing coins are monitored so that the price can continue to compete among the existing altcoins. so the quality priority is ignored.

[zilzylian]

Today there are many new altcoins and their goals are the same but have different products, for example, smartphone companies, they will create digital wallets to store crypto assets and can be used for payments, even though we can use web wallets from each crypto platform like Ethereum has MEW. So they have a goal to speed up and make it easier for everyone to do transactions with some of the other features they offer

[alltalk]

Yes, there are already too many altcoins and many of them just become useless coins with very cheap prices on the market. I have no problems with many altcoins as long as they are useful and valuable, but unfortunately, there are many altcoins with no good progress.

[Alter]

Many people consider that crypto is something promising. So far, the growing technology of cryptocurrency has been very booming. This happens because many people are aware of the future of crypto. That is why there are many more people offering their projects of crypto

[Nanagyasi]

We may think people create altcoins to make money. Yes, that can not be taken out but we should also think about the advantages that come with some good coins like ethereum, cardano and the likes. Some good altcoins solve major problems with btc and that makes crypto more convenient to use

[therozaq]

Do you ever wonder why there are many altcoins today? I was just thinking that since the main objective of cryptocurrency is to ease payment. Why would people create so much altcoins when people can only use bitcoin as a payment gateway? Are the founders of every altcoins creating their token for money?

Of course,  I think It is about money.  Many vounder create altcoin to get money.  They will get money from investor. But We must be carreful  to choose  altcoin.  Find good altcoin  and invest with it.  too many altcoins is good for investment

[IyemRoker]

It's a lot and it makes me confused to find the best choice altcoins.
Many altcoins are present and then the altcoisn becomes a disposal material by those who have many tokens.

The core of all this may be altcoins only as decorative items or displays by all traders on the market.

[Gravatai]

Bitcoin is certainly a good coin, but for example, I don’t like it as a means of using micro-payments, because the commissions are too high. For example, Dogecoin is more practical as a coin for micro payments because the transaction price is low and the speed is high. There are a lot of different coins, but they are all different and someone likes Ethereum, and someone likes Zcash, Dash or TRON. It is good that there is a choice and many different options.

[Zurcemozz]

Yes, there are bunch of altcoins right now and it defines that many people are interseted in cryptocurrency, i also look on this one, many people are advertsing and creating different coins right now and it is because of how many people gain a money on this one, and i think that is the reason why people create different altcoins.

[debra]

Do you ever wonder why there are many altcoins today?
Are the founders of every altcoins creating their token for money?

I am not afraid of the issues since it is normal to see many altcoins with many sectors in this life. But I am afraid not all altcoins can have good purposes. Some altcoins are only created to scam people only. While some others are created with powerless backed up. These are the kinds of altcoins that are just created for money only.

[Payme21]

A  whole lot of tokens today were created for personal gain and that explains why they are many and I expect the numbers to even rise higher as more Cryptos gain adoption

[Majaz]

too many altcoins on the crypto market make prices not getting better, due to intense competition. according to my analysis. so we have to really be able to choose one of the altcoins to be adopted.  pseudo.

[Rofiastuti]

oo many new altcoins are emerging because of the many people who are IT savvy and they want to earn money by seeing a very good and promising opportunity in the cryptocurrency world, so many people are determined to compete in getting a lot of money from this crypto world.

[gotbounty]

~snip~ too many altcoins is good for investment

I disagree with you. Too many altcoins with bad reputations, it leads to high risks on investment. It is better to have some altcoins with potential future than too many altcoins with unclear purposes. Instead, too many altcoins mean a big risk on crypto investment. 

[sunny1356]

I was also thinking sometimes ago if everyone can become developers of their respective coins, but that seems not to be possible. Although, in the real sense of it, it can happen, but they will all be air bags with no essence.