Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on May 24, 2018, 03:47:22 AM

Title: Why so many alt coins?
Post by: Domithra on May 24, 2018, 03:47:22 AM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.
Title: Re: Why so many alt coins?
Post by: spatialiste on May 24, 2018, 04:44:05 AM
You have to think that ethereum with contract smarts allowed everyone to create an ERC 20 token, no need to be a developer or engineer.

The number of these tokens increases from day to day and sometimes we get lost a little bit, but we have to go through, this is the revolution of the blockchain and everyone must take part in it !
Title: Re: Why so many alt coins?
Post by: icol333 on May 24, 2018, 10:28:06 AM
Yes, that's why we need to evaluate each of the given information by the project's ICO with carefully. But even tho' the project is promising, it does not rule out the possibility of being a fraud/scammy, so they need to be evaluated with what we called advisors.
And if the advisors have a pretty good history/experience, we can only hope that the investment we've made will be successful.
Title: Re: Why so many alt coins?
Post by: linkdefeu on May 24, 2018, 12:04:41 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

Hello.
You right.
Everyone must be carefully with ICO. Like you said, so many poor project is created and became scam.
But ICO is a gamble, and we must see ICO like that (i think).

And like Spatialiste said : "this is the revolution of the blockchain and everyone must take part in it !"
And it's really true. The revolution is in front of us  8)
Title: Re: Why so many alt coins?
Post by: HBKMusiK on May 24, 2018, 02:43:55 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.
Because of the trend, some people just want to scam, some provide a nice project to raise your income, some just are not enough for the market..
Title: Re: Why so many alt coins?
Post by: Chuck on May 24, 2018, 03:06:08 PM
It's hard to find perspective project today. There is arround 10 ICO per day! Currently I follow one project called Nebula Network, it's decentralized storage cloud with emission mechanism tied to the supply. Thanks of it it's rock stable and independent from BTC.
Title: Re: Why so many alt coins?
Post by: Raboni on May 24, 2018, 04:34:35 PM
That's true. Not all coins will survive along the way for tomorrow's success. In fact scammers are good to do that kind of scenario. They copy and paste the original in order to victims someone without ideas about the reality. At the end the victim's will become regretful why and why and why every moments are why. Much better to study first to make sure not to fall in losses.
Title: Re: Why so many alt coins?
Post by: julliandrey on May 26, 2018, 11:44:49 AM
yes there are many altcoins now some are good and some are not which is the scammers and u must be wiser to invest in coins that u want .. so that u may not be scammed and regret in investing
Title: Re: Why so many alt coins?
Post by: TERMINO on May 26, 2018, 08:21:30 PM
Many altcoins due to the demand of the new system of our environment. Life in the past century was different in our time so basically there is a big gap of needs before and today. Now we deal the virtual world so it means we should expect that there will be huge altcoins in our time because people have so many needs and wants nowadays.
Title: Re: Why so many alt coins?
Post by: Breadwinner on May 27, 2018, 01:16:11 AM
Every dev has seen that that's where the earth is moving to and so they should move there too. It has become so profitable in such a way that if you don't even succeed you still have some ETH for yourself and this has led to many scam projects 
Title: Re: Why so many alt coins?
Post by: altery0518 on May 27, 2018, 10:09:56 AM
Every dev has seen that that's where the earth is moving to and so they should move there too. It has become so profitable in such a way that if you don't even succeed you still have some ETH for yourself and this has led to many scam projects

some reason why many altcoins introduce in the market its because some company are making their own coins to introduce or advertise their company in the world market.
Title: Re: Why so many alt coins?
Post by: icol333 on June 01, 2018, 08:44:27 AM
Every dev has seen that that's where the earth is moving to and so they should move there too. It has become so profitable in such a way that if you don't even succeed you still have some ETH for yourself and this has led to many scam projects
That's why we should play carefully before jumping into investing in the ICOs, as they were a lot of reports regarding to the scammy ICOs.
Title: Re: Why so many alt coins?
Post by: owmivmen on June 02, 2018, 12:09:51 PM
the more technology is developing more and more new invention and formed ICO project as the latest innovation to help human life. and finally the project gets good sales and new tokens are formed every year.
Title: Re: Why so many alt coins?
Post by: icol333 on June 02, 2018, 05:17:56 PM
the more technology is developing more and more new invention and formed ICO project as the latest innovation to help human life. and finally the project gets good sales and new tokens are formed every year.
Yup, but the continuity of the token depends on the core team of the project too. If the team themselves are not dedicated to the project fully, so their tokens would not last long at the market and the project itself becomes useless.
Title: Re: Why so many alt coins?
Post by: carcas on June 02, 2018, 05:31:39 PM
Because ilo project in this year very much and many hardfork happened like bcd, btg and others
Title: Re: Why so many alt coins?
Post by: korkorjkk on June 02, 2018, 07:23:18 PM
There are so.many coins out there. Some are even created by inexperienced people. Others too do not have a team to implement their project after they reach their soft cap. You need to study a coin very well, and find out of it is feasible before you invest in it.
Title: Re: Why so many alt coins?
Post by: Nolbertino on June 03, 2018, 02:00:01 PM
due to a large number of altcoin that shows progress and success in the market. trigger the growing emergence of new coin with the hope of reaching or exceeding the success and achievements of the previous coin. It also triggered from the growing number of enthusiasts cryptocurrency.
Title: Re: Why so many alt coins?
Post by: Friendlyhorse on June 05, 2018, 12:42:42 PM
Because 98 % of them are fake, market is attracting fishes with big wallets and many coin creators are trying to rob those whales  :)
Title: Re: Why so many alt coins?
Post by: sturec22 on June 06, 2018, 02:08:56 PM
Most of the ICOs don`t even have a prototype. People are paying for the whitepaper which is sad.
Bad ICOs are like startup projects which has failed to get investment from VC and crowdfunding sites.
Title: Re: Why so many alt coins?
Post by: Zoldyck on June 06, 2018, 03:47:14 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.
Yes i agree on you for me i study the ico first before i invest so i cant regret it in the ending of the token sales and for sure i earn a lot because of that.
Title: Re: Why so many alt coins?
Post by: Polisi tidur on June 06, 2018, 11:01:59 PM
Until now I have never get alt coin, because I work in altcoin forum just or even beginner, later if already follow the project would also get alt coins, I want to successfully work on this altcoin forum.
Title: Re: Why so many alt coins?
Post by: Deffobit on June 06, 2018, 11:46:49 PM
I agree, there are too many coins. I would be happy if the projects were only 50-100. So I could better study each one.
Title: Re: Why so many alt coins?
Post by: Lucky Stone on June 07, 2018, 08:10:32 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

I think with the act as it could be detrimental to many people. And new people are joining in the world certainly crypto can be fooled if not meticulous in choosing projects. I sincerely hope to continue to learn and a lot of reading so that knowledge of the ICO could we know.
Title: Re: Why so many alt coins?
Post by: CryptoFun on June 07, 2018, 10:24:53 PM
When I began to study the cryptocurrency I was scared about the amount of altcoins. Now it's been six months and it's become easier, but still I think that their number should be reduced.
Title: Re: Why so many alt coins?
Post by: Syantik on June 11, 2018, 06:30:07 PM
But with the many altcoin circulating in the market very positive impact for someone in starting the investment Because if the price of one coin is not satisfactory they can instantly switch to another altcoin that has a relatively rapidly rising price movement.
Title: Re: Why so many alt coins?
Post by: SuccessManiac on June 12, 2018, 05:54:13 PM
There ar a lot of coins and some dont even take time to plan their project and get expertise to implement this projects. As a result, there is a lot of scam projects around which can cause you to lose your money.
Title: Re: Why so many alt coins?
Post by: Deffobit on June 13, 2018, 11:14:15 AM
Yes, we have to be very careful and after the purchase constantly monitor the development of the project. Otherwise, at any time the price may fall significantly.
Title: Re: Why so many alt coins?
Post by: icol333 on June 14, 2018, 09:15:56 AM
But with the many altcoin circulating in the market very positive impact for someone in starting the investment Because if the price of one coin is not satisfactory they can instantly switch to another altcoin that has a relatively rapidly rising price movement.
It's easier to say than to do. The immediate switch can be applied for traders, but not the inventors. For investors, if we took a wrong step into it, it would be really bad.
Title: Re: Why so many alt coins?
Post by: Alenas2018 on July 23, 2018, 07:42:28 AM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.
I believe that many altcoins are not about a genuine desire to create a unique and useful product. Rather, they are all about generating a huge amount of profit for the creator very fast. Play it right and it's not too difficult to exit with $10mm+ in under a year.
Title: Re: Why so many alt coins?
Post by: divine75 on July 23, 2018, 10:11:02 AM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

As far as i know,why theres so many altcoins now in the market because,every project has different purpose that they created into the market and every project  have different purpose or use  in the market.otherwise once the market have so many altcoins this means  thats have a big competition in the exchange  market  and this implicated  to us a healthy investment.
Title: Re: Why so many alt coins?
Post by: Roland26 on July 23, 2018, 10:50:26 AM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

As far as i know,why theres so many altcoins now in the market because,every project has different purpose that they created into the market and every project  have different purpose or use  in the market.otherwise once the market have so many altcoins this means  thats have a big competition in the exchange  market  and this implicated  to us a healthy investment.
I think altcoin is a business that is why it is becoming more popular many people had an interest on it because many people gain on it.
Title: Re: Why so many alt coins?
Post by: purpleseven on July 23, 2018, 12:55:34 PM
Yes the project failed because it did not have an experienced team to develop a new project. and finally the coins or tokens have no value on the exchange.
Title: Re: Why so many alt coins?
Post by: Drew28 on July 24, 2018, 02:56:38 AM
I think there is quite many reason why an alt coin/ICO fails. If the project fails and it's all down hill from there. On the other hand try checking VLUX out. Their project is very promising https://vlux.io/  :)
Title: Re: Why so many alt coins?
Post by: RedzoneASE19 on July 24, 2018, 03:26:47 AM
I think this is due to many uprising project that wanted to raise funds through ICO. Also they want to join the cryptocurrency market.
Title: Re: Why so many alt coins?
Post by: eurcoin88 on July 24, 2018, 04:54:39 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.
That's where the money is to be made now. The new coins that get released. Some people think that The money that there was to be made in BTC has been made, and that it has to maintain a certain image of stability, value wise to show that it still holds value along with ETH so people continue to have faith and believe in the market as a whole, meanwhile all the money is being made with new released coins and ico's. Now I'm just quoting what some people think. I myself, still have a firm belief in this market! I HODL many alt coins myself and have never invested in any ico. I believe that we have a great year ahead of us, but the post that I've just shared is why I think there may be so many new coins coming around so often.
Title: Re: Why so many alt coins?
Post by: mojerjer on July 24, 2018, 05:03:12 PM
There's so many altcoins as they think that the price value will rise.Many investors believe they might have good profit on it as they buy  cheaper coin now.
Title: Re: Why so many alt coins?
Post by: rightway on July 24, 2018, 05:23:43 PM
Yes there are so many coins today and almost every a new coin introduce in the market and i think the reason why there's so much coins today its because there no agency from any government that review and regulate the crypto before entering the market.
Title: Re: Why so many alt coins?
Post by: santawarrior on July 24, 2018, 06:26:59 PM
I think due no proper regulations of altcoins is the reason why there are many altcoins today introduce in the market  and some are not profitable.
Title: Re: Why so many alt coins?
Post by: aji678 on July 24, 2018, 06:38:20 PM
I am also surprised by the presence of so many coins up to now. Maybe they just want to imitate the already popular coin so most people make their own coins and invite people to invest there for their own benefit. I think it's less creative.
Title: Re: Why so many alt coins?
Post by: luvr1000 on July 26, 2018, 12:04:49 PM
many companies with different ideas realized that on ico you can collect a certain amount of money that they need
Title: Re: Why so many alt coins?
Post by: Renee z on August 13, 2018, 09:45:36 AM
There're more than 1,800 altcoins on the market. I check about 20 of those projects, and all I got is whitepaper and vision, barely have specific products actually. I kind of hope the total projects will soon be down to less than 500 and blockchain technology begins to benefit the society in practice.
Title: Re: Why so many alt coins?
Post by: dekafee79 on August 13, 2018, 01:46:25 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

Because For now There are many projects. I think too many coins are good thing. I like it.
Title: Re: Why so many alt coins?
Post by: Seeyy on August 13, 2018, 01:54:20 PM
many altcoins are not about sincere desire to create unique and useful products. Instead, they are all about generating large amounts of profits for the creator very quickly.
Title: Re: Why so many alt coins?
Post by: Jaguar on August 13, 2018, 02:07:49 PM
Because they think they will become successful along the way. That what gives them courage and give some motivation to push the project.
Title: Re: Why so many alt coins?
Post by: skjude001 on August 13, 2018, 02:14:40 PM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.
I think they are all about generating large amounts of profits for the creator very quickly.each of them with different ideas realized that on ico you can collect a certain amount of money that they need
Title: Re: Why so many alt coins?
Post by: mag_aso on August 13, 2018, 02:45:06 PM
Many altcoins due to the demand of the new system of our environment. Life in the past century was different in our time so basically there is a big gap of needs before and today. Now we deal the virtual world so it means we should expect that there will be huge altcoins in our time because people have so many needs and wants nowadays.

I think one of the reason why there are a lot of alt coins is that because of some project they want to promote and encourage investors to invest thier project.And most of this coin are created by inexperience developer who do not have enough ideas to bring something in our society.
Title: Re: Why so many alt coins?
Post by: kent47400 on August 13, 2018, 05:22:52 PM
because the era is progressing.
because there are many people who are interested in cryptocurrency
and increasingly evenly distributed finance in the future.
Title: Re: Why so many alt coins?
Post by: Nanagyasi on August 13, 2018, 09:47:19 PM
Yes, there are many altcoins and I think it is so because of the various solutions these projects intends to deliver using blockchain as a medium to deliver the solution.
Title: Re: Why so many alt coins?
Post by: rizqillah on August 14, 2018, 12:50:07 AM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.


The reason why so many altcoun , I think for now There are so many ICO projects. We must be careful to choose it.
Title: Re: Why so many alt coins?
Post by: Dream on August 14, 2018, 01:56:37 AM
Because ilo project in this year very much and many hardfork happened like bcd, btg and others
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I think it is because of so many projects today that networking can't be handled that's what i think  some advertising use altcoin to make it an easy way but be aware to the scam they are all over so before you apply on altcoin you check if it's not scam.
Title: Re: Why so many alt coins?
Post by: Ryan06 on August 14, 2018, 03:33:00 AM
The main reason why there's a lot of altcoin is because people really wanted to earn. Some rich people make  many altcoin to earn. They put a capital on it because they see the crypto is really the past growing economy in this modern world by the use sit internet. Maybe they see that creating altcoin is also a a great way to earn.
Title: Re: Why so many alt coins?
Post by: Mengkay07 on August 14, 2018, 03:35:04 AM
The main reason why there's a lot of altcoin is because people really wanted to earn. Some rich people make  many altcoin to earn. They put a capital on it because they see the crypto is really the past growing economy in this modern world by the use sit internet. Maybe they see that creating altcoin is also a a great way to earn.
altcoin is created because there are so many project on crypto currency feild and they need altcoin to make amazing profit. Altcoin are really needed to make some project become more interesting and amazing for investors.
Title: Re: Why so many alt coins?
Post by: boyplastic69 on August 14, 2018, 05:35:12 AM
I agree with the author's comment regarding the subject wherein there really are many ICO projects that does copy to some other ICO's that end up a mess resulting to unsuccessful ICO campaign. It is indeed a very important rule to consider for the investor to make a research on a certain ICO if it has a good team members, good project platform,with experience technical consultants and best bounty manager that will manage the project.
Title: Re: Why so many alt coins?
Post by: Garuda on August 14, 2018, 08:20:01 AM
Like the others, I also think that some of the new altcoins that have emerged will not last long. But I think some alternative coins will exist because they have a clear concept. As traders we must be careful if we want to buy coins. Learn first some of the coins you want to buy, so there is no loss
Title: Re: Why so many alt coins?
Post by: Sentinel on August 14, 2018, 09:01:27 AM
That's right, in your opinion, there are so many new coins every day and almost every new coin is introduced in the market. And I think the reason why there are so many coins today is because there are no agents from the government who review and regulate crypto before entering the market. Because basically the Government is difficult to monitor this in the Crypto world.
Title: Re: Why so many alt coins?
Post by: Dodo on August 14, 2018, 09:05:25 AM
Some rich people make many altcoins to produce. They put capital on it because they see crypto really the past economy that grew in this modern world by using internet sitting.
Title: Re: Why so many alt coins?
Post by: de_prof on August 14, 2018, 09:14:39 AM
It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

I think because there are many projects, So too many altcoins now. But It is good thing.
Title: Re: Why so many alt coins?
Post by: Bitdog on August 14, 2018, 09:54:56 AM
Altcoins are block chain based different technologies because people has  really need new technologies to many purpose . Every altcoins projects are different they are using to different uses.
Title: Re: Why so many alt coins?
Post by: Alpha on August 14, 2018, 10:20:39 AM
We don't like to be scam but sometimes no choice because we are belong in the campaign unknowingly it is scam. We cannot blame anyone even ourselves if we're did our best to notice if it is scam or not. There are so many ICO for the reason of scam and legits projects. I think we should be careful by joining in any activities.
Title: Re: Why so many alt coins?
Post by: korkorjkk on August 14, 2018, 10:55:04 AM
There are so many altcoins because people have discovered that you can make a lot of money from cryptocurrencies. Scam ICO's are also on the rise because people want to dupe others by creating fake coins that they can run away with their monies.