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Author Topic: What would happen if there will be too much Altcoins circulating the internet?  (Read 1579 times)

Offline bdsharminsoltana

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I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

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Offline kamal420

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What will happen? Nothing will happen in any case, in order to use cryptocurrencies or tokens, it will be necessary to use masses of cryptocurrencies, such as ETH or BTS or others, I think that in general, tokenization of everything is just beginning.
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Offline yousufatik20

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I believe that for a moment the market was over-saturated, we have seen this type of scenarios before and it has happened that many good projects do not receive the necessary funds to survive, that is one of the consequences of the free market, but I believe that with enough time everything will be normalized and only the projects that are really useful will survive

Offline mamun777

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Well it depends on the coin, it depends on the coin how well the developers develop the project, how good the marketing team advertise the coin, but with too much alt coins that offered the same function then it will make the coins become weaker, if ICO keep on coming out then there is no chance alt coin can beat bitcoin

Offline pelana vreo

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Cryptocurrency has just grown and grown rapidly, I think about the opposite of what happens if altcoin doesn't exist, the development of technology and systems that Crypto has will increase the number of coins and tokens will continue to emerge with the latest ideas and technology without having to fear losing old tokens or coins what you hold, for example Bitcoin, after 10 years no one can replace Bitcoin as the best coin for investment.

Offline raihanjr

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I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
Of course there are now many altcoins that we don't know about the project and are long gone. I agree with you that the holding altcoin will have a high price but I am not sure that there are altcoins that can compete with the price of bitcoin.

Offline trauchot

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This will not happen, all altcoins cannot be as expensive as bitcoin, then only big players will be able to earn on cryptocurrency, and this will be disadvantageous to cryptocurrency companies.
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Offline Hope15

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I think bitcoin is always on the top and no one can beat on it, i guess you're right lots of new coins nowadays and other coin doesn't have a potential to grow and maybe the dev left it hanging but there are some coin that has a potential and can survive.
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Offline MOProgress

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I believe nothing much will happen, the only thing is that some people will be confuse of the to invest on.
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I think that we're already in such situation. It seems that every day new altcoins appear on the market.
New altcoins don't really affect the market - it will be only hard for developers to make it worthy.

Offline Bram Manis

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Many coins circulating on the internet will definitely have a negative impact and have a positive impact. I certainly think positively because the coins that have entered the stock can certainly be developed and have potential. And the negative impact is that many coins are made to commit fraud.
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I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?

Will be able to survive the most worthy, with real use, because blockchain technology has come forever and will not go anywhere, and we need to monetize all economic areas of our lives.
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Offline Anzal RK

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I think more coin in crypto is more better and will make cryptocurrency more popular in the world.
This is good for a future of crypto.

Offline Alcor

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I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
If now there are about 1900 varieties of cryptocurrency, then in the future, its number may still increase several times and nothing significant will happen. Some coins and tokens will constantly appear on the market and leave others forever. This is a normal, natural process.
In the future, many cryptocurrencies will have a bitcoin price and this will happen not due to their price increase, but due to a fall in the bitcoin price.

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Some altcoins appear and then disappear, it's all about cycling.

 

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