Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: zendicator on July 29, 2019, 04:05:07 PM

Title: Too many altcoins!
Post by: zendicator on July 29, 2019, 04:05:07 PM
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?
Title: Re: Too many altcoins!
Post by: MUGNIA on July 29, 2019, 04:42:35 PM
their main goal is to make money,
right you say why they are competing to make altcoins and finally return to bitcoin for payments from the products they make, why they don't collaborate / or update existing projects
Title: Re: Too many altcoins!
Post by: sirty143 on July 29, 2019, 05:28:25 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yes, it's about money. Founders don't have funds, so they raised capital through ICO crowdsale to kick start their projects. Talking of Bitcoin, the first and most important cryptocurrency, actually Satoshi Nakamoto never intended to create a currency. It was purely accidental, what he wanted to build is a decentralized digital cash system without a central authority which he succeeded.
Title: Re: Too many altcoins!
Post by: ZionRTZ on July 29, 2019, 07:26:47 PM
We can say it's for money, I think that's an obvious answer. We also have to remember that one reason these altcoins came out is because of the speed and scalability issue of bitcoin. Seriously, do you really think people will use bitcoin who takes minutes or hours when the network is highly congested just to pay a $10 item (or less)? 
Title: Re: Too many altcoins!
Post by: Quart on July 29, 2019, 11:54:43 PM
Everybody knows that so far, numerous altcoins are coming with similar and different ideas, platform, products, application, in many more sectors. Crypto is not kind of antimainstream again. Many more companies create new altcoins in roder to attract many more investors. That is why we must be careful when we want to choose promising altcoins.
Title: Re: Too many altcoins!
Post by: moonuranus on July 30, 2019, 05:25:42 AM
You are actually right about the money, everything in this world of crypto is about money, but not all of them have the same technology, they provide different purpose other than ease of payment. There are too many altcoins because they are competing for better techs, but beware most of them are scams.
Title: Re: Too many altcoins!
Post by: corr on July 30, 2019, 07:13:31 AM
Remember the first mobile phone? It seems to have been a Motorola company. So this phone was big and heavy but it was a new technology. After that, other big companies started to produce mobile phones, improving them. Phones were getting better.The main goal, of course, is to make more money and say that their product is the best. This is the situation in the cryptocurrency market. New coins are constantly coming out. New coins are even better than BTC in terms of transfer rate, the number of transfers per second, better because their transfer fee is much lower. But so far BTC is currency number 1. But for how long?
Title: Re: Too many altcoins!
Post by: juv3ntus1 on July 30, 2019, 07:58:15 AM
A lot of this alts are scam the team create only to grab the money and they disappear,they don't  have any intention to build something .
Title: Re: Too many altcoins!
Post by: arnishad on July 30, 2019, 08:48:51 AM
I recommendation you initially to go to Coinmarketcap (CMC) and take a glance on the worth trend of alts out there (you may look on btc too) and analyze whether or not is it particular or unhealthy plan to speculate into it. whether or not it's a affirmative or a No, there's nothing wrong with it as a result of it's your own call and you're the one largely is aware of what's smart for you emoticon. once your final judgment is to pursue commerce then I recommendation you to travel here, Google is gift as perpetually you'll be able to use it too. Also, avoid crypto connected teams on FB the maximum amount as potential as a result of you can't realize something there however posts of referrals Grin. Good luck.
Title: Re: Too many altcoins!
Post by: trauchot on July 30, 2019, 10:32:00 AM
You think quite rightly, while it is so easy and simple to create various tokens, there will always be various people who will do this in order to ensure themselves for life.
Title: Re: Too many altcoins!
Post by: Somyt on July 30, 2019, 10:38:14 AM
if I think of a new project to make altcoins for them, the main goal is to develop crypto currencies and to get good profits, because every altcoin is the main goal also to benefit from anything in terms of trade, because there are now many altcoins being created This year. seeing the development of krypto prices is also growing well
Title: Re: Too many altcoins!
Post by: HomelandPatriot on July 30, 2019, 11:43:28 AM
Nobody force you to buy them. It's your choice that and when to buy, way more altocoins - way more opportunities to make money
Title: Re: Too many altcoins!
Post by: Seeyy on July 30, 2019, 11:47:30 AM
actually, too many altcoins aren't too good for us in investing. Prices offered are often not in line with market turmoil. often the price of altcoins seems to be competing when just entering the market. after running for some time, the new altcoin price will decline  periodically. no less important is that we are often confused by unclear rules.
Title: Re: Too many altcoins!
Post by: Doctor on July 30, 2019, 12:00:51 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

I think too many  altcoins  is good for investment.. It is competition.  We will have many chances  to invest.  But We must be carreful  to choose  good coin for investment.  Learn the market and always use smart strategy
Title: Re: Too many altcoins!
Post by: Pegasus on July 30, 2019, 04:20:38 PM
Do you ever think that why are there so many currencies: USD, GBP or CNY...? The same question can pose here: are they needed if they're all about making payment? Besides making ease of payment, each altcoin serves a specific purpose: platform (ETH, ADA, NEO), cross chain (Wan, Atom) or something. That explains the diversification of altcoins. Many of them are trash, but many of them are born for some purposes.
Title: Re: Too many altcoins!
Post by: Leny on July 30, 2019, 06:50:17 PM
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.
Title: Re: Too many altcoins!
Post by: zilzylian on July 30, 2019, 10:27:49 PM
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
Title: Re: Too many altcoins!
Post by: alltalk on July 30, 2019, 11:04:50 PM
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.
Title: Re: Too many altcoins!
Post by: Alter on July 30, 2019, 11:48:59 PM
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
Title: Re: Too many altcoins!
Post by: Nanagyasi on July 31, 2019, 12:31:09 AM
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
Title: Re: Too many altcoins!
Post by: therozaq on July 31, 2019, 12:36:24 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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
Title: Re: Too many altcoins!
Post by: IyemRoker on July 31, 2019, 08:32:13 AM
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.
Title: Re: Too many altcoins!
Post by: Gravatai on July 31, 2019, 12:41:06 PM
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.
Title: Re: Too many altcoins!
Post by: Zurcemozz on July 31, 2019, 01:17:22 PM
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.
Title: Re: Too many altcoins!
Post by: debra on August 01, 2019, 11:00:14 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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.
Title: Re: Too many altcoins!
Post by: Payme21 on August 01, 2019, 11:22:39 PM
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
Title: Re: Too many altcoins!
Post by: Majaz on August 02, 2019, 02:48:47 AM
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.
Title: Re: Too many altcoins!
Post by: Rofiastuti on August 02, 2019, 04:10:22 AM
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.
Title: Re: Too many altcoins!
Post by: gotbounty on August 02, 2019, 10:23:07 PM
Quote from: therozaq on July 31, 2019, 12:36:24 AM
~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. 
Title: Re: Too many altcoins!
Post by: sunny1356 on August 03, 2019, 12:58:29 PM
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.
Title: Re: Too many altcoins!
Post by: Jenuare352 on October 27, 2019, 02:57:04 PM
Every deepnet or darkweb explorer has got to know a lately created “spam site em blocked” – a huge and prosperous marketplace, being a leader amidst other darknet markets. Nevertheless, despite its success, spam site em blocked Tor links don’t work constantly, as a result of a famed “ struggle ” between deepnet marketplaces – the hacker assaults and so on. Therefore, spam site em blocked had to develop relevant mirrors of those Tor links, what created the following problem – how spam site em blocked buyers could get these mirrors? Is there an absolute key to resolve get over that obstacle?
Surely, there is – spam site em blocked’s administration created an outstanding idea of creating an singular website with lots of these mirrors in it, as well as the original links http:/ /spam site em-link.com /. Its database is constantly revised, feel free to use it at any time you need it!
Title: Re: Too many altcoins!
Post by: pelana vreo on October 27, 2019, 05:01:40 PM
If you ask about why there are so many altcoins, let's see how many kinds of food products in the world?
each region has a different taste and processed food.
Altcoin was created to make it easier for everyone to make payment transactions, ethereum is a Dapps platform that has many new projects and creates new altcoin on their network, this is done only to make it easier for everyone to choose the products and ideas offered by the developers to can be used according to the needs of consumers, or investors who really see a new idea from the project. Because of that, expertise is needed to choose a new project before invest and use the products they have.
Title: Re: Too many altcoins!
Post by: Ezzi on October 27, 2019, 06:13:27 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?
About 5,000. In today 's electronic market, a huge number of altcoins. In just six months about 500 crypto were launched, but in the face of tight competition only a few types of digital money will survive
Title: Re: Too many altcoins!
Post by: Absolutep on October 27, 2019, 09:10:36 PM
Having other coins apart from Bitcoin is not a bad idea, in fact it will make crypto sphere more interesting and more competitive but having too many coins is not helping the crypto market. I think we have too many greedy people in the crypto sphere.
Title: Re: Too many altcoins!
Post by: Fenix on October 28, 2019, 06:37:36 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?
The purpose of cryptocurrency is not only to be an alternative to existing payment systems. The basis of altcoins is tokens, the purpose of which is very diverse, because they serve various types of business. Therefore, we still need a variety of altcoins. The cryptocurrency market itself will determine which of them are promising and which are useless. Let everything go on as usual.
Title: Re: Too many altcoins!
Post by: Andruha1993 on October 29, 2019, 06:59:22 AM
On the one hand, a lot of altcoins is good, because every known altcoin means something and can be used for your needs. But on the other hand, this is bad, as some investors buy altcoins and they are not needed and investors lose their money.
Title: Re: Too many altcoins!
Post by: Cutter Cute on October 29, 2019, 10:53:42 AM
Can make payments worldwide with 1 altcoin or 1 bank account is the desire of many people, but now altcoin created because of the shortcomings of the old altcoin, such as a debit card that can make withdrawals at a local bank with the conversion of altcoin to the dollar or other currencies .will make many people like this idea which is almost the same as Visa and Mastercad
Title: Re: Too many altcoins!
Post by: alltalk on October 29, 2019, 11:59:32 PM
Quote from: Andruha1993 on October 29, 2019, 06:59:22 AM
On the one hand, a lot of altcoins is good, because every known altcoin means something and can be used for your needs.

I agree with you. It also brings a positive side for sure. Every altcoin contributes to making a stronger crypto world. They all support the existence of crypto world and also Bitcoin. But unfortunately, there are many of them just became shit-coins. Greedy people use them to take advantage and make bad reputation for crypto business.
Title: Re: Too many altcoins!
Post by: LogiC on October 30, 2019, 01:45:43 AM
Altcoins are trying to contribute to the blockchain world and it will be continuously introduced many projects. I just didn't like the fact that most new altcoin now are useless and just created to earn from crowdfunding then if there is no more fund that's it. They will not develop the project anymore and probably will exit scam the people who invested. Like Miracle Tele project a good dramatic exit and clearly staged to scam people.
Title: Re: Too many altcoins!
Post by: Delgboke on October 30, 2019, 07:00:23 AM
Some times I do wonder too, why many altcoins but I discovered is a way of investment but after some times most of the project owners that just want to make themselves rich through the project they brought into blockchain industry may decide to abandone the project and work away because they have gotten what they wanted.
Title: Re: Too many altcoins!
Post by: trauchot on October 30, 2019, 09:23:07 AM
Most people create cryptocurrencies in order to earn money, and only a small part of people create cryptocurrencies in order to improve our technologies and capabilities, and therefore it turns out that 99% of new altcoins are unnecessary for anyone and die after some time.
Title: Re: Too many altcoins!
Post by: beginnertrader on October 30, 2019, 11:37:55 AM
I think its good that there are too many altcoins as they offer much faster speed and can be used everywhere by anyone anytime.
Title: Re: Too many altcoins!
Post by: Uina on October 30, 2019, 01:36:07 PM
I think I am one of those people who find it annoying that there were too many altcoins in the market nowadays. I actually find it really hard to pick which one to invest as I don't have much time to spend on researching which one would be the lesser evil. I sometimes think that most of them are just a copy cat of a certain project that exists already, probably just a little different.
Title: Re: Too many altcoins!
Post by: shadowdio on October 30, 2019, 04:49:34 PM
It's because they create the coins to scam people, you know many of them were useless coins in the market, but some people create the coins to compete in other coins especially bitcoin, but bitcoin is dominating still the no. 1 even the coins has many features.
Title: Re: Too many altcoins!
Post by: Octoalts on November 02, 2019, 10:48:59 PM
Many companies have created Altcoin for sure because they want to benefit from the altcoin project, so now a lot of altcoins are circulating in the market.  And maybe there are no strict rules so they are so easy to create altcoin. But unfortunately of the many altcoins currently in circulation, not all have good quality, so many of them are missing from the market.
Title: Re: Too many altcoins!
Post by: Seerge on November 02, 2019, 11:45:42 PM
The more Altcoin, the greater our chance to gain profits in trading, and it is our job to choose good coins.  Our chance to get big profits is very high if we get a low price altcoin that has the potential to have high prices in a short time.  But because of the difficulty of predicting the price of Crypto, this makes us have to be more careful.
Title: Re: Too many altcoins!
Post by: Altcoin1998$ on November 03, 2019, 02:58:41 PM
Yes brother you just say very important things in present time maximum project CEO create their project only getting money. After getting money they never continue their project on exchanges arranging.
Title: Re: Too many altcoins!
Post by: aji678 on November 03, 2019, 04:48:53 PM
most of them think only of money they want to get, but there is also for development and really take advantage of current technology. too much altcoin is also not good, but must be balanced with the price.
Title: Re: Too many altcoins!
Post by: Fenix on November 12, 2019, 07:13:47 AM
The fact that a lot of altcoins appear on the cryptocurrency market, including many useless ones, is a normal process of improving them. Given that this area of ​​the market is not yet regulated and many are tempted to fraudulently raise a lot of money through a fictitious ICO project, and this pushes many away from cryptocurrency, all the same, altcoins continue to develop at a fast pace. Even though their prices are constrained by the dominance of bitcoin. As a result, only useful and promising altcoins will remain. Now, of course, it is very difficult to figure out such a large number of coins and tokens, but over time, perhaps they will become even smaller. It is difficult to say where their further development will lead.
Title: Re: Too many altcoins!
Post by: Luckyperson21 on November 12, 2019, 08:56:41 AM
Yes, there are some altcoins that were created just to get money. After the token sales period ends, they list tokens in exchange to give investors profit who buy their tokens, after which there is no progress on the products they develop. They just disappear.
Title: Re: Too many altcoins!
Post by: Zemytha on November 12, 2019, 03:06:08 PM
They created altcoin because they have innovation. Although almost the same as the others. At least it can create the technology needed at the present time. I am more interested in altcoin like this, it might be cheaper to be used as a transfer fee than other altcoins.
Title: Re: Too many altcoins!
Post by: Contagem on November 12, 2019, 07:37:16 PM
Indeed, a lot of new coins have appeared, but the market clears itself and useless coins leave the market, and then die. Therefore, I do not worry about a large number of coins. Competition will leave only the best coins on the market. The same situation will be with useless projects, they will also leave and only strong projects will remain.
Title: Re: Too many altcoins!
Post by: Bobcrypto on November 12, 2019, 09:11:25 PM
And there are actually some good projects out there with good use cases or that solves the needs of the people. Those that are not relevant, or could not address vital use cases will be out of the market even at the short run period. Every altcoins are launch to address important issue in the ecosystem, and if that is not addressed, that may result to complete collapse or dead of the project.
Title: Re: Too many altcoins!
Post by: vanjava on November 15, 2019, 02:34:38 PM
I think Altcoin was made to be able to keep up with current company or project trends so as to facilitate transactions and enhance their development. apart from that the founder of every altcoin would want to profit from the project created.
Title: Re: Too many altcoins!
Post by: masterrex on November 15, 2019, 02:35:10 PM
Actually its a continuing process as long as there is a new projects that has it's own token or coin the proliferation of newly created altcoins has always been there as long as the cryptocurrency industry was still thriving it will not stop.
Title: Re: Too many altcoins!
Post by: trauchot on November 15, 2019, 03:16:35 PM
The more altcoins, the better, as for me, because poeple are trying to use new altcoins and their technologies in new areas, which is very important for humanity and in general for the development of the cryptocurrency sphere, and therefore I think let it be better to have more altcoins than fewer.
Title: Re: Too many altcoins!
Post by: Ta.Form on November 15, 2019, 06:34:20 PM
Because at crypto, we are free to make any altcoin. There is no prohibition on this. I even found several altcoins with the same symbol. They are free to be creative as long as they do not fool investors.
Title: Re: Too many altcoins!
Post by: Noverteno on November 21, 2019, 06:12:49 AM
I do not see anything wrong with the fact that about two thousand altcoins have already appeared. This is a normal cryptocurrency development process. Useless altcoins will eventually leave this market forever, and only promising ones will remain. Therefore, because of the very large number of altcoins, one should not worry. Over time, the cryptocurrency market itself will determine which ones are worth staying.
Title: Re: Too many altcoins!
Post by: WhiskeyHoney on November 21, 2019, 08:16:49 AM
There are many altcoins based on really good ideas. But at the moment there are so many altcoins, because there are many unscrupulous people who create currencies in order to earn money from this :(
Title: Re: Too many altcoins!
Post by: Confero on November 21, 2019, 04:33:43 PM
Cryptocurrency is indeed a digital payment instrument which is a payment instrument that has many advantages over FIAT money in general.  Here many people or companies consider that this is a good opportunity to get profits, therefore it is created by new coins by them, with the aim of course can generate huge profits from the creation of Crypto coins by them.  However, only high-quality crypto coins will survive and have high selling points.
Title: Re: Too many altcoins!
Post by: Jaephoenix on December 16, 2019, 08:40:56 PM
Nothing you can do about it, many would still die off as time goes on. It's the natural cause of events. The strongest(most useful) survives
Title: Re: Too many altcoins!
Post by: corr on January 02, 2020, 05:52:33 AM
But bitcoin is not perfect. You know that bitcoin transfers are slower than altcoins. You also know that bitcoin transfer fees are many times higher than altcoin transfer fees. So far, neither bitcoin nor altcoin have been used by banks, stores, large networks, corporations as transfer tools. There is no mass use. Alcoins are very large and larger than them are just coins without technology and ideas. They only exist because people who do not understand cryptocurrencies buy them
Title: Re: Too many altcoins!
Post by: Delgboke on January 02, 2020, 07:04:47 AM
The problem is not even that there are many altcoins projects everywhere in the crypto market,  the main thing here is that most of the altcoins are not even valueable in the market.
Title: Re: Too many altcoins!
Post by: Fenix on January 02, 2020, 07:05:44 AM
While cryptocurrency is developing, many altcoins do not exist. Let people experiment, the only way cryptocurrency can improve. Yes, now there are many useless and even fraudulent altcoins. We need to carefully choose the opportunities to invest in them. In the future, only the most necessary altcoins will remain on the market.
Title: Re: Too many altcoins!
Post by: tervel on January 02, 2020, 11:48:44 AM
I don't think we need that much of altcoin.Creating a new ideas and coin will not help it will only divide the investors.Also a lot are totally identical so no innovation.
Title: Re: Too many altcoins!
Post by: vaysar on January 02, 2020, 12:56:46 PM
It's a pity, but some altcoins belong to the category of coins that have no value. They are created only to lure investors 'money, taking advantage of the users' reluctance to study the blockchain and features of crypto projects. But still, altcoins stimulate the development of the crypto industry, without them, there is no progress.
Title: Re: Too many altcoins!
Post by: alstevenson on January 02, 2020, 10:56:34 PM
Yup thats the sad truth, all of them wants to make money in this industry. They even go to fundraising with only idea and no product or MVP. Almost same ideas with the current, they just enhance a little bit. But somehow, this bear market helps the industry overall, it destroys all altcoins that have no real usecase or just beilt on hype.
Title: Re: Too many altcoins!
Post by: Coin63@ on January 03, 2020, 05:30:49 AM
Yes sir you are right because maximum altcoins obstacles the bitcoin development or market rise. But maximum altcoins now a days becoming scam and worthless.
Title: Re: Too many altcoins!
Post by: aiviaa485 on January 03, 2020, 10:05:22 AM
The world continues to spin, many people want to be famous and seek to profit from the creation of cryptocurrency.
If we remember what Vital Buterin did was sell 70,000 Ethereums when Ethhereum was priced at 1000 USD.

The more simple the altcoins, the more familiar with the poor state of profit seeking.
Title: Re: Too many altcoins!
Post by: abdmuiz on January 05, 2020, 02:58:24 AM
There are altcoins that give much higher profit than bitcoin, but it is hard to find. As bitcoin gives assured profit out of the investment in the short or long term people prefer investing on bitcoin even when there were large number of altcoins available in the market. Spending a specific amount to buy bitcoin every week is truly a good step, but very few follow in real life
Title: Re: Too many altcoins!
Post by: abdmuiz on January 05, 2020, 02:59:55 AM
In cryptocurrency, bitcoin is the one suitable for a long term investment, and many people now are still buying this coin even it takes a long time before they will get their profit. As a trader, we must keep updated what is happening in the market to be aware when is the right time to buy and sell our coin. One of the excellent trading technique is to buy bitcoin when the price is low. From the previous year, the bitcoin price goes up for over 14 thousand dollars, and it is enormous in the middle of the month of 2019, but before the year ends, the cost of the bitcoin slowly going down. Then this is the excellent opportunity for investment.
Title: Re: Too many altcoins!
Post by: corr on January 05, 2020, 05:36:01 AM
It can't be that there is only one company of machines, computers, TVs, smartphones ... As soon as they invent a new thing, after a while, other people start copying and improving it. This is called competition. I think it is good that there are many interesting projects in the crypto market besides bitcoin. I think they are better than bitcoin in many ways. I have no doubt that over time some coin will take the place of bitcoin and will be the first to capitalize
Title: Re: Too many altcoins!
Post by: vegasus on January 05, 2020, 11:55:02 PM
I think there is no problem with many altcoins. We only have problems with low-quality altcoins or shit-coins. The number must be always increasing since more people are interested to have another altcoin. And the developers know well how to make it.
Title: Re: Too many altcoins!
Post by: wanggober on January 07, 2020, 05:51:07 PM
The amount of altcoin at the moment, just to get money. Mostly like that. It can be seen from their inability to face altcoin competition. Many altcoins die within a few months or even weeks after they were created.
Title: Re: Too many altcoins!
Post by: bxipp on January 08, 2020, 02:50:47 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?
the purpose is not only one but to wide used to all term. not only can be use as payment gateway but to be something part of any projects. it can be shares,dividen or a gift.. think out box.
Title: Re: Too many altcoins!
Post by: vaysar on January 09, 2020, 12:10:54 PM
There are many altcoins, many of which will not stand the competition and disappear, but those that remain will be under the strict control of the SEC, which included strict cryptocurrency control in its list of top priorities for 2020.
Title: Re: Too many altcoins!
Post by: OptimusPrime on January 09, 2020, 02:04:00 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Every altcoins created has its purpose, all can't be for the reason to ease payment as long as they are not designed for that. Bitcoin was created for that purpose but other currencies came up with many different purposes either good or bad. I enjoy seeing new altcoins with new innovation
Title: Re: Too many altcoins!
Post by: MUGNIA on January 10, 2020, 03:18:55 PM
they make altcoin for sure to make money, if you are interested in investing in altcoin choose coins that already have a stable value, for new coins better think deeper to invest them (coins)
Title: Re: Too many altcoins!
Post by: Prime on January 11, 2020, 10:54:36 PM
Quote from: Darkside on January 10, 2020, 03:18:55 PM
they make altcoin for sure to make money,
Yes. I agree with you. Most people come to crypto in order to earn money. There are many altcoins, so they can choose one of them to make money.

Quote from: Darkside on January 10, 2020, 03:18:55 PM
if you are interested in investing in altcoin choose coins that already have a stable value,
As far as I know, people are interested in altcoin/crypto investment because of the high volatility. It is a high risk but it also provides a chance to gain big profits. So, I think it is better to choose coins like Ethereum, Ripple, Litecoin, or other top altcoins. But not coins with stable prices. They are stable coins, the price won't move significantly.
Title: Re: Too many altcoins!
Post by: Jamie07 on January 12, 2020, 02:53:10 AM
For me I should look for existing altcoins and play the trading game. As too many altcoins nowadays are just trying to make money. But it will not hurt to look for new upcoming projects as I may find something interesting to venture into.
Title: Re: Too many altcoins!
Post by: trauchot on January 12, 2020, 10:24:06 AM
Quote from: Jamie07 on January 12, 2020, 02:53:10 AM
For me I should look for existing altcoins and play the trading game. As too many altcoins nowadays are just trying to make money. But it will not hurt to look for new upcoming projects as I may find something interesting to venture into.
Quite right, with the advent of new altcoins, new opportunities for trading and investment appear, and in general, the appearance of new altcoins promotes and develops the entire cryptocurrency to new heights.
Title: Re: Too many altcoins!
Post by: Vx1 on January 12, 2020, 02:40:38 PM
Cryptocurrency is a modern technology in terms of payment, or often called Cryptocurrency is a digital currency. Every project that creates Crypto coins I believe their goal is to benefit from this business. But unfortunately, there are many altcoins that are not well supported by good communities and teams, so that altcoins become bad Altcoins and eventually die. But actually, the more altcoin will increase the greater our chance to benefit from trading or investing in Altcoin.
Title: Re: Too many altcoins!
Post by: tonymillions84 on January 13, 2020, 09:19:41 AM
the same way there are so many scammers looming up and down looking for people to still there hard earn money. that is exactly how the crypo world is all about. that is the reason investors are been warned to do your own research before investing and also invest what you can loose. another thing to note is that crypto has no regulation. 
Title: Re: Too many altcoins!
Post by: Andruha1993 on January 18, 2020, 07:53:59 AM
Now many altcoins have their own blockchain, and therefore their creators come up with something new to facilitate use for their users. They also create their altcoins for profit both for themselves and other users.
Title: Re: Too many altcoins!
Post by: freakslot11 on January 18, 2020, 11:35:46 AM
Such a number of altcoins is normal at the moment. Everyone wants to create their own project and make money on it. And this is not bad, because another project can use an unrealized idea and create an excellent product.
Title: Re: Too many altcoins!
Post by: Nestle on January 18, 2020, 12:30:46 PM
Not just to make money. In my opinion there is a lot of cryptocurrency because of the number of requests and an increase in interest in buying and investing in crypto. Imagine if only a few types of crypto existed. maybe the price of crypto is very difficult to control.
Title: Re: Too many altcoins!
Post by: Jaguar on January 18, 2020, 06:35:36 PM
The tree compose of root, trunk, branches, twigs, leaves, flowers, and fruits. More than one but one. No tree that only root. No fruit without root. No branches without trunk.

Huge altcoins means some are scam and some are real. No scam if there is nothing  real. No good things without bad things. We define bad because we know it is not good. Examine the project you wanted to participate.
Title: Re: Too many altcoins!
Post by: Delgboke on January 19, 2020, 05:09:08 AM
There are many altcoins because people are looking for away to make quick woman and enrich themselves, they are not after the future of digital currency, that's why we seen different altcoins entering the cryptocurrency market on daily basics.
Title: Re: Too many altcoins!
Post by: owmivmen on January 20, 2020, 01:44:53 AM
I think every coin has advantages and types that differ in each transaction. The amount of time and amount of fees for the transaction or the number of holders of the coin. New ideas are always present that make lots of new coins that will be available and available in the market. founder of token makes token for money? In addition to the main goal is to make money from their ideas, there are still other goals such as making it easy for users and interested people of their projects and to become an investment choice for investors.
Title: Re: Too many altcoins!
Post by: babu10 on January 20, 2020, 09:17:36 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Obviously every team or men creating alt tokens to gain money from market. After BTC there are too many alt coins in market and day by day more altcoins will be created. But problem is how many alt coins are in lime lite? Market is now very aggressive and here if anybody want to exist must have to work otherwise it will go to dogs.
Title: Re: Too many altcoins!
Post by: sturec22 on January 20, 2020, 10:09:23 AM
Most of them are actually like the dot com bubble companies. When there is hype in an investment method, people tend to create other projects to get a piece of pie. Most of them will fade away and only the usable ones will be left with us just like the dot com...
Title: Re: Too many altcoins!
Post by: ijazkhan01 on January 20, 2020, 09:26:19 PM
It's good to have everything summarized in a compact way. There are so many terms to get to know and such an overkill of information out there! From time to time everything makes sense, thank you!
Title: Re: Too many altcoins!
Post by: Fenix on January 22, 2020, 07:49:01 AM
This is the period of the "wild" development of cryptocurrency, since its appearance is not even organizationally regulated by states. Over time, this will streamline and the level of fraud among ICO projects or other similar projects will become noticeably less. Then the number of altcoins will be much less than even now. So everything has its time. However, at any stage of cryptocurrency development, you can find positive points.
Title: Re: Too many altcoins!
Post by: Senin on February 22, 2020, 07:48:40 PM
In my opinion, do not worry about the large number of existing tokens. Over time, there will be as many of them as necessary and demanded by the market. In the meantime, many are trying to get rich by creating their own cryptocurrency, taking advantage of the fact that this process is not controlled in any way. After some time this will be streamlined.
Title: Re: Too many altcoins!
Post by: Istiak on February 23, 2020, 02:56:33 AM
Yes, that is the main point. Everyone just wants to make money. Very few people think about peoples first. Although there is a lot of altcoins out there but most of them probably dead or had very low volume in the market. I think we already had enough alts for the next 100 years so we should just try to use what we have right now instead of creating one in every project.
Title: Re: Too many altcoins!
Post by: Uina on February 23, 2020, 06:50:38 AM
I think the early batch of altcoins that were created are for development, just the altcoins after that were made for the money as ICOs became popular. It's really hard to keep track of altcoins these days.
Title: Re: Too many altcoins!
Post by: endlasuresh on February 23, 2020, 08:57:16 AM
Quote from: Senin on February 22, 2020, 07:48:40 PM
In my opinion, do not worry about the large number of existing tokens. Over time, there will be as many of them as necessary and demanded by the market. In the meantime, many are trying to get rich by creating their own cryptocurrency, taking advantage of the fact that this process is not controlled in any way. After some time this will be streamlined.
Creating their own coin is towards for scamming investors, but some of them are coming as a genuine token. Investing in new coins or tokens is totally waste of our money and time.
Some have come up with their own systems like forums and creating their own token to utilize that in their forums. I think this wont work for a long time.
Title: Re: Too many altcoins!
Post by: WhiskeyHoney on February 27, 2020, 03:18:13 PM
In fact, at the moment there are as many altcoins as you need. There is no good organization at the moment, but I think that in the future only really good altcoins will be used.
Title: Re: Too many altcoins!
Post by: tonymillions84 on February 28, 2020, 09:39:52 AM
the fact remains that it is not stopping soon. we are going to see more of it. most projects that failed their ICO are still coming back with new identity and different scope. Most current ones will still fail. you should be careful on what to invest your money on that is just the simple message.
Title: Re: Too many altcoins!
Post by: DgCarlosLeon BitCore BTX on February 29, 2020, 01:20:03 AM
____________I believe that like everything in life,   many people saw the opportunity to generate income with the creation of an altcoin, only they didn't have enough vision to see that a cryptcoin should if or if it should offer certain characteristics as does bitcoin and why not, other altcoins that are certainly worth knowing and using.____________
____________
BitCore BTX - Your Coin, Your Money (https://www.altcoinstalks.com/index.php?topic=143171.msg818864#msg818864)
____________

(https://i.imgur.com/H9Kp9m3.jpg)

___ANN Designed by DgCarlosLeon (https://www.altcoinstalks.com/index.php?action=refferals;refferedby=72717)    |   BITCORE BTX - 2020
___
Title: Re: Too many altcoins!
Post by: anitabiara on February 29, 2020, 06:33:49 AM
Quote from: DgCarlosLeon BitCore BTX on February 29, 2020, 01:20:03 AM
____________I believe that like everything in life,   many people saw the opportunity to generate income with the creation of an altcoin, only they didn't have enough vision to see that a cryptcoin should if or if it should offer certain characteristics as does bitcoin and why not, other altcoins that are certainly worth knowing and using.____________
____________
BitCore BTX - Your Coin, Your Money (https://www.altcoinstalks.com/index.php?topic=143171.msg818864#msg818864)
____________

(https://i.imgur.com/H9Kp9m3.jpg)

___ANN Designed by DgCarlosLeon (https://www.altcoinstalks.com/index.php?action=refferals;refferedby=72717)    |   BITCORE BTX - 2020
___
many things become a consideration in this case all have to be really ready for things that happen in the future, everything always expects good things and satisfy we see that good things come in the future
Title: Re: Too many altcoins!
Post by: DgCarlosLeon BitCore BTX on February 29, 2020, 02:41:36 PM
Quote from: anitabiara on February 29, 2020, 06:33:49 AM
Quote from: DgCarlosLeon BitCore BTX on February 29, 2020, 01:20:03 AM
____________I believe that like everything in life,   many people saw the opportunity to generate income with the creation of an altcoin, only they didn't have enough vision to see that a cryptcoin should if or if it should offer certain characteristics as does bitcoin and why not, other altcoins that are certainly worth knowing and using.____________
____________
BitCore BTX - Your Coin, Your Money (https://www.altcoinstalks.com/index.php?topic=143171.msg818864#msg818864)
____________

(https://i.imgur.com/H9Kp9m3.jpg)

___ANN Designed by DgCarlosLeon (https://www.altcoinstalks.com/index.php?action=refferals;refferedby=72717)    |   BITCORE BTX - 2020
___
many things become a consideration in this case all have to be really ready for things that happen in the future, everything always expects good things and satisfy we see that good things come in the future

____________I agree with You   The best is yet to come!____________
____________
BitCore BTX - Your Coin, Your Money (https://www.altcoinstalks.com/index.php?topic=143171.msg818864#msg818864)
____________
Title: Re: Too many altcoins!
Post by: tervel on February 29, 2020, 03:54:31 PM
Certain and relatively good altcoin seeks to bring something new and different to the cryptocurrency sector. But in most cases more people look at the cryptocurrency market as an opportunity to make easy money.
Title: Re: Too many altcoins!
Post by: tonymillions84 on February 29, 2020, 11:38:29 PM
the reason is simple. crypto needs regulation to avoid loads of scam people marauding as new project looks for people to defraud. we will see more of new projects that has nothing to offer but choose to launch IEO and ICO. everyone is advised to research in any token or project you want to invest in. Never fall victim for scammer.
Title: Re: Too many altcoins!
Post by: DogeTalk on March 01, 2020, 01:21:21 PM
Not just for money. Do you know that there are any coins or tokens that benefit and harm the user? From cost, usability and amount of supply. The developer just wants to create coins or tokens that are better than before.
Title: Re: Too many altcoins!
Post by: kevinjulio on March 02, 2020, 10:25:26 PM
Many altcoins because of a very promising investment. More and more altcoins will have difficulty choosing an Altcoin that has great potential. But before deciding to invest in altcoins, you should do the analysis. Try to see the trend of historical investments, thus adding your knowledge to decide to invest in the best coins.
Title: Re: Too many altcoins!
Post by: tonymillions84 on March 03, 2020, 11:24:56 PM
it is a lucrative business where nobody questions you on what you your product is all about. a society without regulation suffers the same problem. people are bound to scam whoever falls victims. it is left for crypto investors to be careful in what ever they are doing with there funds to avoid been scammed'.
Title: Re: Too many altcoins!
Post by: Cryptoz on April 27, 2020, 11:15:14 PM
People create other altcoins for various purposes. But I think it is no problem as long as it is useful and worth for many parties. More altcoins mean crypto industry growing more. It is absolutely a good sign for all crypto users. So, just enjoy it, no problem!
Title: Re: Too many altcoins!
Post by: bigcash2011 on April 27, 2020, 11:29:25 PM
It is just like a race and now the number one reason for so many scams is also due to the fact that people know that crypto is the new trend so scammers and fraudsters are also exploiting innocent people with fake projects and coins but in the end we all know that only quality coins will survive.
Title: Re: Too many altcoins!
Post by: Master107 on April 28, 2020, 05:24:03 PM
Actually we are more concern about altcoins that will make something yummy in interest, potential and ability to surpass uncertainties and useful to human being. Sadly, there are altcoins intended just to collect money. Be careful not to fall to this project. Huge amount of interest and promise profit could be a trap.
Title: Re: Too many altcoins!
Post by: purpleseven on April 28, 2020, 07:07:04 PM
The developer creates tokens for real money. That is the reality that I have been paying attention to. New projects provide many amazing ideas and they sell them by raising funds to create projects and tokens. I am not particularly interested in new tokens or new projects that do not have strong parters
Title: Re: Too many altcoins!
Post by: MrSpasybo on April 28, 2020, 09:34:33 PM
Currently we have nearly 5500 cryptocurrencies on CMC :)
Some reasons for this variety:
- as you say: teams want to have money;
- there are many ecosystems that can apply the idea of ​​blockchain: economy, real estate, transportation, energy, programming ...;
- competition within the same ecosystem;

If we don't say about scam projects, I think that the diversity of the market is a good signal, because competition is the foundation of continuous development :)
Title: Re: Too many altcoins!
Post by: corr on May 02, 2020, 11:32:02 AM
There are a lot of coins on the market and it is not surprising. Every coin developer wants to make money so there are so many coins on the market. I recommend focusing only on BTC and ETH. Investing in other coins is a big risk because many coins are just scam. By investing in BTC and ETH, the risks of losing money are minimal
Title: Re: Too many altcoins!
Post by: Noverteno on November 30, 2021, 02:38:52 PM
Quote from: MrSpasybo on April 28, 2020, 09:34:33 PM
Currently we have nearly 5500 cryptocurrencies on CMC :)
Some reasons for this variety:
- as you say: teams want to have money;
- there are many ecosystems that can apply the idea of ​​blockchain: economy, real estate, transportation, energy, programming ...;
- competition within the same ecosystem;

If we don't say about scam projects, I think that the diversity of the market is a good signal, because competition is the foundation of continuous development :)
Still, how quickly the number of altcoins is growing. Last year there were five and a half thousand, and now there are more than 15 thousand. However, I believe that there are never too many altcoins. After a while, useless and fraudulent projects leave the market and only useful and promising ones remain, between which there is also fierce competition, which in turn forces them to improve further.
Title: Re: Too many altcoins!
Post by: viki on November 30, 2021, 02:53:06 PM
There are really a lot of altcoins now, but I think very soon, only worthwhile coins will remain, the rest will simply leave the market.
Title: Re: Too many altcoins!
Post by: nakmantu99 on November 30, 2021, 03:34:20 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

I think  agree if there are many altcoins.
We will have many choices to invest.
It will be agood thing, for investors and traders.
But be careful to choose coins to invest.
Title: Re: Too many altcoins!
Post by: owlest on November 30, 2021, 04:19:13 PM
Quote from: Anak Mantu on November 30, 2021, 03:34:20 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

I think  agree if there are many altcoins.
We will have many choices to invest.
It will be agood thing, for investors and traders.
But be careful to choose coins to invest.
There are really a lot of altcoins now. But despite this, there is a feeling that something is missing. By the way, if duplicates are removed from the market (as I call altcoins that perform the same role), then their number will significantly decrease. But since there is a choice, it means that someone needs these altcoins.
Title: Re: Too many altcoins!
Post by: xeroz on November 30, 2021, 04:23:21 PM
It's true that there are too many altcoins nowadays. Moreover, many of them who seem useless are just wasted even though they are of very low value. However, it should also be noted that the emergence of new altcoins almost every day is a plan and all orders from the government itself, I don't know what they think so that they are so sure of decisions that I think are illogical. but i love you guys so keep the spirit.
Title: Re: Too many altcoins!
Post by: TOP_ETH on November 30, 2021, 06:40:28 PM
Of course now there are more and more altcoins circulating and making many investment choices for traders and investors themselves but one must always be careful in choosing
Title: Re: Too many altcoins!
Post by: Sharelock on November 30, 2021, 07:05:54 PM
the more the better the more investment options but avoid useless projects and look for useful projects for the core investment avoid scam projects or other fraudulent projects
Title: Re: Too many altcoins!
Post by: owlest on December 01, 2021, 07:43:00 AM
Quote from: TOP_ETH on November 30, 2021, 06:40:28 PM
Of course now there are more and more altcoins circulating and making many investment choices for traders and investors themselves but one must always be careful in choosing
I agree, because such a large number of projects generates a thirst for profit on investors. In any case, out of a dozen new projects, 2 or 3 will be initially created for fraudulent activities. I think you need to rely more on quality here.
Title: Re: Too many altcoins!
Post by: LaZim on December 01, 2021, 06:40:31 PM
Quote from: owlest on December 01, 2021, 07:43:00 AM
Quote from: TOP_ETH on November 30, 2021, 06:40:28 PM
Of course now there are more and more altcoins circulating and making many investment choices for traders and investors themselves but one must always be careful in choosing
I agree, because such a large number of projects generates a thirst for profit on investors. In any case, out of a dozen new projects, 2 or 3 will be initially created for fraudulent activities. I think you need to rely more on quality here.
Now investors do not want to invest in unfamiliar projects as it was before. Previously, scammers created a beautiful website, printed 50 pages of white paper and people invested millions in the idea. Now they don't even bring money to projects with technology. Preferring sites like coinlist DAO and others.
Title: Re: Too many altcoins!
Post by: VeryWellDone on December 02, 2021, 03:10:47 AM
Exactly, it's really hard to choose where to put your money at. But for me, I kinda diversify it into 4, 1) Solid projects like ADA, SOL, and MATIC 2) Metaverses like SAND, MANA and GALA 3) Layer 1 and 2 like AR, LRC. IMX and NFT play to earn games like AnRKey X, Gold fever. I also gamble into some newer projects that has good fundamentals and hype, just like Oasis(ROSE) who got partnered with Facebook(meta)
Title: Re: Too many altcoins!
Post by: Ghozrd on December 02, 2021, 04:18:15 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Altcoins are required for payment transaction options, I will give you an example, can usd currency be used for payments in other countries, I think not because they need to convert them to fiat from each country.

Quote
Are the founders of every altcoins creating their token for money?

The main goal of developers starting a business is to make money. yes that's true, but project developers will provide good products with the ideas they have, we know Ethereum, then Binance and many others, this platform has products that can be used to make it easier for everyone to start their business
Title: Re: Too many altcoins!
Post by: LaZim on December 02, 2021, 05:45:47 PM
Quote from: VeryWellDone on December 02, 2021, 03:10:47 AM
Exactly, it's really hard to choose where to put your money at. But for me, I kinda diversify it into 4, 1) Solid projects like ADA, SOL, and MATIC 2) Metaverses like SAND, MANA and GALA 3) Layer 1 and 2 like AR, LRC. IMX and NFT play to earn games like AnRKey X, Gold fever. I also gamble into some newer projects that has good fundamentals and hype, just like Oasis(ROSE) who got partnered with Facebook(meta)
As you find these projects in a pile of various garbage. From what you have written, I am only familiar with top coins. I think investing in the rest is the most risky.
Title: Re: Too many altcoins!
Post by: jhm on December 02, 2021, 06:06:54 PM
Too many altcoins yes, but so little quality. Most go to zero, only a handful truly useful. Example: Monero
Title: Re: Too many altcoins!
Post by: pieppiep on December 02, 2021, 10:14:26 PM
I think if there are too many altcoins that are created then it doesn't matter and it can be a good potential to double our assets in altcoins, altcoins have price movements depending on the demand, when altcoins have products that are useful to many people then it can make the price very expensive .
Title: Re: Too many altcoins!
Post by: Jaephoenix on December 02, 2021, 10:18:34 PM
You know crypto is more and less unregulated, and it's an all comers affair. People pile in to create their own project and some even replicate the same exact features on a pre existing project. Its the reality. The bright side, is they would all eventually die off leaving the useful ones
Title: Re: Too many altcoins!
Post by: Cadaver20 on December 02, 2021, 10:32:43 PM
More altcoins have been created during this bullrun. I think its sole purpose is to make money.  We have to be careful with new projects. You must do research before investing. These new coins show hype at first but later crash.
Title: Re: Too many altcoins!
Post by: trofim21 on December 02, 2021, 10:41:35 PM
today there are a lot of alternative coins, but this is not the limit, I think, if you compare a few years ago, the coins were not promising, today many projects are significant
Title: Re: Too many altcoins!
Post by: owlest on December 03, 2021, 07:31:02 AM
Quote from: LaZim on December 01, 2021, 06:40:31 PM
Now investors do not want to invest in unfamiliar projects as it was before. Previously, scammers created a beautiful website, printed 50 pages of white paper and people invested millions in the idea. Now they don't even bring money to projects with technology. Preferring sites like coinlist DAO and others.
Yes, I totally agree. After all, now investors have become smarter, and resources have appeared that give confidence that the project will not turn out to be fraudulent. I have always said that this area is developing and will continue to be even better and more interesting.
Title: Re: Too many altcoins!
Post by: legend45 on December 03, 2021, 09:02:14 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yeah, too many altcoins now.
I think There are several potential project and also many scams projects. We must be careful.
We should learn project, team and their crypto.
Title: Re: Too many altcoins!
Post by: robelneo on December 04, 2021, 02:40:08 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yes and no, yes they want to make money because creating their own coin/token for their project is easy and it's open-sourced they want exclusivity for their own project they keep the profit instead of using Bitcoin, and no because they see the problems of Bitcoin and they offer their own coin as upgraded version, that is why we see a lot of fork of Bitcoin.
Title: Re: Too many altcoins!
Post by: mahadev on December 04, 2021, 02:58:52 AM
Quote from: robelneo on December 04, 2021, 02:40:08 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yes and no, yes they want to make money because creating their own coin/token for their project is easy and it's open-sourced they want exclusivity for their own project they keep the profit instead of using Bitcoin, and no because they see the problems of Bitcoin and they offer their own coin as upgraded version, that is why we see a lot of fork of Bitcoin.

Yeah I think new coins have good technology, offer upgraded of their technology. Bitcoin didn't updated.
In my opinion,new coins also good  for investors have many choices.
Title: Re: Too many altcoins!
Post by: Alichlas92 on December 04, 2021, 03:02:20 AM
Quote from: sirty143 on July 29, 2019, 05:28:25 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yes, it's about money. Founders don't have funds, so they raised capital through ICO crowdsale to kick start their projects. Talking of Bitcoin, the first and most important cryptocurrency, actually Satoshi Nakamoto never intended to create a currency. It was purely accidental, what he wanted to build is a decentralized digital cash system without a central authority which he succeeded.


I am interested in your writing, then you write a reference from your writing?
Title: Re: Too many altcoins!
Post by: owlest on December 04, 2021, 03:46:29 PM
Quote from: Mahadewa on December 04, 2021, 02:58:52 AM
Yeah I think new coins have good technology, offer upgraded of their technology. Bitcoin didn't updated.
In my opinion,new coins also good  for investors have many choices.
This is true, but there are more and more new coins, and they copy each other. And despite the fact that investors are named, such coins can quickly lose value.
Title: Re: Too many altcoins!
Post by: Hisbullah on December 05, 2021, 01:22:17 AM
We must be careful to choose coins for medium investment, also for trading
Too many altcoins is good but also there are many scam coins.
I personally prefer invest in top 10 coins.
Title: Re: Too many altcoins!
Post by: owlest on December 05, 2021, 08:54:36 AM
Quote from: Hisbullah on December 05, 2021, 01:22:17 AM
We must be careful to choose coins for medium investment, also for trading
Too many altcoins is good but also there are many scam coins.
I personally prefer invest in top 10 coins.
I don't like the fact that there are so many altcoins at all. Now it is very difficult to find something really interesting and promising among them. And therefore, a lot of errors appear, which leads to losses.
Title: Re: Too many altcoins!
Post by: dekafee79 on December 06, 2021, 06:55:01 PM
Quote from: owlest on December 05, 2021, 08:54:36 AM
Quote from: Hisbullah on December 05, 2021, 01:22:17 AM
We must be careful to choose coins for medium investment, also for trading
Too many altcoins is good but also there are many scam coins.
I personally prefer invest in top 10 coins.
I don't like the fact that there are so many altcoins at all. Now it is very difficult to find something really interesting and promising among them. And therefore, a lot of errors appear, which leads to losses.

Me too, I don't like too many altcoins, I think  We should have screening to allow good project or coins.
I see there are many scam projects, rug pull and failed.
It's not good for crypto world.
Title: Re: Too many altcoins!
Post by: Freemind on December 06, 2021, 07:05:14 PM
It is true that there are too many altcoins on the market, and it is also true that the vast majority are worth nothing, but that's not all bad as we can quickly distinguish which altcoins may have potential and which may not. Normally the altcoins that are garbage disappear within a few months of their launch, there is also natural selection in crypto, those that remain later in the market are the ones that we must study to know if they really have a future and if we can obtain benefits.
Title: Re: Too many altcoins!
Post by: Evgenklm on December 06, 2021, 08:36:50 PM
if you look at the CMC and the capitalization of altcoins, then this amount is in the billions of dollars, so the market is huge, and it may seem that there are a lot of altcoins, in fact it is not.
Title: Re: Too many altcoins!
Post by: collinsjie on December 06, 2021, 08:50:28 PM
I don't think they are too many, When you look at the world today you will see a lot of companies across the world doing the same things and they are doing well individually. You can have hundreds of companies in thesame sector. When you look at it and compare them with the crypto sector they at number the crypto companies this is the reaseon I said they are not too much.
Title: Re: Too many altcoins!
Post by: Manna on December 07, 2021, 04:27:16 AM
The main goal, of course, is to make more money and say that their product is the best. This is the situation in the cryptocurrency market. New coins are constantly coming out. New coins are even better than BTC in terms of transfer rate, the number of transfers per second, better because their transfer fee is much lower.
Title: Re: Too many altcoins!
Post by: superminesweeper on December 07, 2021, 04:36:52 AM
The more virtual coins there are, the more competition there is, and who will win in the end is anyone's guess.

Title: Re: Too many altcoins!
Post by: owlest on December 07, 2021, 08:27:12 AM
Quote from: dekafee79 on December 06, 2021, 06:55:01 PM
Me too, I don't like too many altcoins, I think  We should have screening to allow good project or coins.
I see there are many scam projects, rug pull and failed.
It's not good for crypto world.
I think there were more fraudulent projects three years ago. Now there are fewer of them, but there are more weak projects that, although they carry something useful, do not survive on the market with little funding.
Title: Re: Too many altcoins!
Post by: Afony on December 07, 2021, 08:47:51 AM
There are really very few projects now, but there are also good sides to this, there are fewer scammers. Most novice investors, when choosing a project for themselves, are scared when searching for a crypt, there is something to choose on the market, you just need to study the project in which you want to invest well.
Title: Re: Too many altcoins!
Post by: KryptoBull on December 08, 2021, 02:46:34 AM
I think in the future we will have more Altcoins because people have a lot of ideas and solutions. The crypto market will choose the best projects, but the worse projects will gradually disappear from the market. Before the crypto market and IEO-IDO-ILO are regulated, we cannot stop new projects and new tokens from appearing.
Title: Re: Too many altcoins!
Post by: Senin on December 08, 2021, 08:45:26 AM
Yes, there are now more than 15,000 different types of altcoins and it should be assumed that there will be much more of them soon. Although there are many useless and even fraudulent among them, in general, the cryptocurrency is developing rapidly in this way. In this market, all the same, in the end, the best will remain, so I do not mind that their number continues to increase. This is competition and rapid development.
Title: Re: Too many altcoins!
Post by: Ankit1999999 on December 08, 2021, 12:34:38 PM
Altcoins investment is the best way to earn big money, Shib,  Polkadot , FANTOM, TRX, CIFI, FTX .  All of these coin is favourable for long term  but i wanted to make some changes in the list holding Shitcoin for long term is not a good. So you earn investment is carefully and earn fig profit.     
Title: Re: Too many altcoins!
Post by: Gvent on December 08, 2021, 12:41:48 PM
Quote from: Senin on December 08, 2021, 08:45:26 AM
Yes, there are now more than 15,000 different types of altcoins and it should be assumed that there will be much more of them soon. Although there are many useless and even fraudulent among them, in general, the cryptocurrency is developing rapidly in this way. In this market, all the same, in the end, the best will remain, so I do not mind that their number continues to increase. This is competition and rapid development.

Over time, the structure of the cryptocurrency market will change, and then people will have the opportunity to choose in this huge number of altcoins those in which they can invest and make a profit. It is possible that many altcoins will disappear and new projects will appear. But I think that the top coins will retain their superiority in the future.
Title: Re: Too many altcoins!
Post by: owlest on December 08, 2021, 03:17:46 PM
Quote from: Ankit1999999 on December 08, 2021, 12:34:38 PM
Altcoins investment is the best way to earn big money, Shib,  Polkadot , FANTOM, TRX, CIFI, FTX .  All of these coin is favourable for long term  but i wanted to make some changes in the list holding Shitcoin for long term is not a good. So you earn investment is carefully and earn fig profit.   
Altcoins are more of a game with fire in the long run. Who knew Shiba would grow up like that? Many people did not even imagine this. Altcoins are more quick money in my opinion.
Title: Re: Too many altcoins!
Post by: Review on December 09, 2021, 03:20:53 PM
Quote from: Darkside on July 29, 2019, 04:42:35 PM
their main goal is to make money,
right you say why they are competing to make altcoins and finally return to bitcoin for payments from the products they make, why they don't collaborate / or update existing projects

There has many altcoin that has real use case in real life and the are comparing to bitcoin use case. So if you say they are here to earn money, this is true. But you must need to know that they have enough use case and they have come here after hard progress of project. There has different altcoin that has no use case and we cant talk about them as they are shit, you know right?
Title: Re: Too many altcoins!
Post by: khichariya1 on December 16, 2021, 11:54:05 AM
There has many altcoin that has real use case in real life and the are comparing to bitcoin use case. So if you say they are here to earn money, this is true. But you must need to know that they have enough use case and they have come here after hard progress of project.
Title: Re: Too many altcoins!
Post by: Edward Frank on December 20, 2021, 02:36:55 PM
I quite agree with your thought, many projects are coming out this day with little or nothing to offer, they are not regulated nor have problem to solve.

but despite this, we still have some projects that are regulated and have many problems to solve.

I came across Bitay global recently,
It is a digital global exchange based in Estonia but have headquarter in Turkey, they are regulated by Turkish securities protocol and available for users worldwide

It is crypto exchange with over 700k KYC approved users, $55,000,000 trading volume and available in 120 countries across the globe

They have crypto exchange, bitgame, crypto learning academy, visa card and many more features


Title: Re: Too many altcoins!
Post by: Rebecca Lynn Crovello on December 20, 2021, 03:17:17 PM
Apparently there are so many alts, the crypto world seems congested, no matter how much Alts we have, utility and central focus of the project is important. Some platforms just go straight to launch coin and then start looking for utility after, just to get buys, this business as usual is a failure from start. I was impressed with BITAY exchange, they launched thier exchange, apps and almost all thier deliverables are been launched, they focused on products and development first, as it is going now, when BITAY coin launches, the exchange might be the best exchange ever excited with the features and functionality embedded in it.  Bitay has changed the narrative and they are coming stronger with BTY coin, NFT, game, Bitay Visa Card and much more on its ecosystem.. despite the congestion of alts coins, there are still gems to look forward to guys, all needed is to study and filter.
Title: Re: Too many altcoins!
Post by: Anonylz on December 23, 2021, 10:08:26 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Maybe then that is what we probably might have only seen with cryptocurrencies but now we have seen that it is more than just Bitcoin for payments now, Lots of Dapps have been developed, games and NFTs are on there now. All these are associated with different Altcoins and naturally, the weaker ones will die off while investors will concentrate on the best choice even with the same projects. 
Title: Re: Too many altcoins!
Post by: bayiajaib on December 23, 2021, 01:00:35 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yep, too many altcoins now. But That's not matter, I think It's good for investors.
But As many people said here, we must be careful to choose the coins.
Title: Re: Too many altcoins!
Post by: whyrqa on December 23, 2021, 05:32:21 PM
Quote from: Bayi Ajaib on December 23, 2021, 01:00:35 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yep, too many altcoins now. But That's not matter, I think It's good for investors.
But As many people said here, we must be careful to choose the coins.
undoubtedly, if there are assets in the cryptocurrency market that are worthy of being in your investment portfolio, then everyone and not only investors will benefit from this.  Each of us can already invest in fairly reliable defi projects, such as Junca Cash, which is revolutionizing the financial transfer industry.
Title: Re: Too many altcoins!
Post by: kulkhan on December 23, 2021, 06:44:18 PM
Popularity of cryptocurrency are increasing day by day so we are seeing many altcoin available in cryptocurrency market. I think it is good sign for cryptocurrency lovers. Once upon a time Bitcoin was only cryptocurrency but now cryptocurrency market is very popular and very important for all of us. So Altcoin also increasing.
Title: Re: Too many altcoins!
Post by: gurunanakji777 on December 23, 2021, 07:47:38 PM
Some like Ethereum Some like Tron or some like BNB, like every trader or investor choice is different but I also feel there is a huge no of Altcoins available in the market and the majority of the altcoins are not performing good. In my opinion, too many altcoins increase the competition between altcoins to perform better and make a good reputation in the market. It's not about only ease of payment some people trade in order to earn money by the profits. yes, we can say a majority of the founders create altcoin to earn money.
Title: Re: Too many altcoins!
Post by: pacar_tiri on December 24, 2021, 06:05:48 AM
I have read many opinions here, I think I agree crypto popularity is increasing day by the day and will more popular at the coming years.
Too many altcoins are good chance for us , we can choose good project.
Title: Re: Too many altcoins!
Post by: Freemind on December 24, 2021, 01:02:11 PM
Quote from: Pacar Tiri on December 24, 2021, 06:05:48 AM
I have read many opinions here, I think I agree crypto popularity is increasing day by the day and will more popular at the coming years.
Too many altcoins are good chance for us , we can choose good project.

We can choose good projects whenever good projects are launched. I mean the horde of "Inu" that appear every day (sometimes more than one appears a day) without contributing anything new. They only repeat the same as the previous ones, it is a project guided by the community bla bla bla..., but nothing more. There are also several NFT metaverse games appearing on a daily basis, and I think very few will survive. It would be very interesting to have more smart contract platforms and DeFi products from my point of view.
Title: Re: Too many altcoins!
Post by: Noverteno on December 24, 2021, 11:52:44 PM
I don't see anything wrong with the fact that the number of altcoins is growing almost every day. Now there are almost 16,000 different types of them. Despite the fact that among the new projects there are many useless and fraudulent ones, I regard this as their rapid and versatile development. The market itself will regulate their quantity and quality. Cryptocurrencies without any real benefit to the community will leave this market after a while, giving way to promising ones. Therefore, nothing needs to be changed yet.
Title: Re: Too many altcoins!
Post by: densus88 on December 25, 2021, 08:47:31 AM
Quote from: Noverteno on December 24, 2021, 11:52:44 PM
I don't see anything wrong with the fact that the number of altcoins is growing almost every day. Now there are almost 16,000 different types of them. Despite the fact that among the new projects there are many useless and fraudulent ones, I regard this as their rapid and versatile development. The market itself will regulate their quantity and quality. Cryptocurrencies without any real benefit to the community will leave this market after a while, giving way to promising ones. Therefore, nothing needs to be changed yet.

Yeah, I think We will see more altcoins project, That's good for investors and bounty hunter.
Hopefully We will see many bounty projects here .
I agree with you, number of altcoins are growing every day.
Title: Re: Too many altcoins!
Post by: saprakib on December 25, 2021, 02:50:33 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?
The question is look like immature .We all know that crypto is the next future and will lead the world to the front .So the market is big enough now at the moment and it will sure that it will be increased day by day .Its true that we have now many project most of them are not have any future and become scammed we need to research our self to find the right project .On the hand if any founder can establish a project it will be a huge one for him/her and its a real and sure money as well .
Title: Re: Too many altcoins!
Post by: Afony on December 25, 2021, 04:33:00 PM
There are now a very large number of projects from which you can choose to invest, you need to study the project well in which you want to invest in order not to fall on the scam project.
Title: Re: Too many altcoins!
Post by: smart_oa on December 26, 2021, 01:35:44 PM
There are too many altcoins that don't mean you have to invest in everything. If you think bitcoin is enough then stick with it only. Also, there are too many altcoins that don't mean they are all useless. Most of them have proper use-case.

Startup project launches their toke because to build a new project team needs to be funded and it is very hard to get a partnership with a big company. So it's a good way of raising funds by conducting a toke sale. It's like an IPO in the share market.
Title: Re: Too many altcoins!
Post by: elbans89 on December 27, 2021, 01:26:40 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

I think too many altcoins  also will have good impact for crypto market, If the project is good.
But If only scam projects , I think It will have bad effect for crypto market.
Title: Re: Too many altcoins!
Post by: Freemind on December 27, 2021, 02:00:23 PM
Quote from: banser on December 27, 2021, 01:26:40 AM
I think too many altcoins  also will have good impact for crypto market, If the project is good.
But If only scam projects , I think It will have bad effect for crypto market.

That there are many altcoins is not a problem, the problem is scams and worthless projects. The appearance of so many memecoins means that a lot of money in investments does not reach projects that are really worth it. Of course, everyone does what they want with their money and is free to invest in any project, but sometimes I see that projects that are really good hardly receive investment and instead any memecoin receives millions in a very short time.
Title: Re: Too many altcoins!
Post by: doc on March 19, 2022, 03:39:48 PM
Quote from: Freemind on December 27, 2021, 02:00:23 PM
Quote from: banser on December 27, 2021, 01:26:40 AM
I think too many altcoins  also will have good impact for crypto market, If the project is good.
But If only scam projects , I think It will have bad effect for crypto market.

That there are many altcoins is not a problem, the problem is scams and worthless projects. The appearance of so many memecoins means that a lot of money in investments does not reach projects that are really worth it. Of course, everyone does what they want with their money and is free to invest in any project, but sometimes I see that projects that are really good hardly receive investment and instead any memecoin receives millions in a very short time.

I agree with your opinion about this , That there are many altcoins is not a problem, the problem is scams and worthless projects.
sure, There are many scams projects  and worthless projects.
We must be careful to invest in altcoin.
Do Research before you invest in altcoin or you will lose your money.
Too many altcoins are many chances to gain profit but choose the potential of them.
Title: Re: Too many altcoins!
Post by: bic0 on March 19, 2022, 08:47:09 PM
Only few are quality enough to invest. For example I've been following Faith Tribe because of their innovative mission and I believe that's what does potency mean.
Title: Re: Too many altcoins!
Post by: Banko on March 19, 2022, 10:56:35 PM
I'm just looking for IDO's and I believe that's more profitable strategy. One tip : Swing has upcoming IDO period that could be very profitable.
Title: Re: Too many altcoins!
Post by: Tokenista - Rev. Sasha Van Kush on March 20, 2022, 02:46:30 AM
This thread puts some perspective on everything. We are taking over MetaVerse and this thread gets into the History of Blockchain to now.
https://www.altcoinstalks.com/index.php?topic=260591.0
Title: Re: Too many altcoins!
Post by: innerpumper on March 20, 2022, 11:50:13 AM
Not all cryptocurrencies work well sometimes of them make just for fraudulent investments.
Of the hundreds of thousands of cryptocurrencies that exist in the world, maybe only a hundred cryptocurrencies are really useful in their respective industries.
Apart from this there are usually bad guys who want to plagiarize the actual project and want to take advantage with it.
then they do a public sale and run off with a lot of money.
Title: Re: Too many altcoins!
Post by: gunhell16 on March 23, 2022, 02:25:25 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Yes this is because there a lot of money they can get from it, just simple as that. And cryptocurrency became trending now for a couple of years now, and till now a lot of the community and investors are continue getting from it to have, just always be sure about the coins your going to buy so that in the end your not gonna regret it to make your assets will be gone.
Title: Re: Too many altcoins!
Post by: damsix on March 24, 2022, 04:05:09 PM
The more altcoins, the better the cryptocurrency market, but the good value is not accompanied by the expertise or progress of the newly created altcoins so that these altcoins are unable to compete with other coins and eventually fall.
I can't say all altcoins are not good but in fact many altcoins are able to continue to be the best in the cryptocurrency circle and it is proven that the top 2 to 500 rankings on Coinmarketcap are good altcoins.
Title: Re: Too many altcoins!
Post by: rizqillah on March 24, 2022, 09:26:51 PM
Quote from: damsix on March 24, 2022, 04:05:09 PM
The more altcoins, the better the cryptocurrency market, but the good value is not accompanied by the expertise or progress of the newly created altcoins so that these altcoins are unable to compete with other coins and eventually fall.
I can't say all altcoins are not good but in fact many altcoins are able to continue to be the best in the cryptocurrency circle and it is proven that the top 2 to 500 rankings on Coinmarketcap are good altcoins.

That's true, Not all altcoins will good but the potential altcoin will continue and survive.
I also agree more altcoins is better for crypto currency market.
We will have many chances to invest.
I see the popularity of altcoin will grow day by day, It's good for crypto world and many investors started to invest in crypto more.
It's a good thing.
Title: Re: Too many altcoins!
Post by: Freemind on March 25, 2022, 07:41:05 PM
I would dare to say that 95% of the altcoins that appear are only to create punctual pumps and that is why they end up disappearing in a few weeks or months, that's why most of the coins/tokens that appear are memes. The other projects are those that can have a certain future if they are well planned and executed by the teams as long as they contribute something new to the community or they will also die in oblivion. For these reasons lately there are not many good projects to study.
Title: Re: Too many altcoins!
Post by: Kaplusha0 on October 29, 2022, 02:55:09 AM
Cryptocurrency is now more than just facilitating payments, much more, cryptocurrency is being introduced into different areas of business.  It's big money and that big money needs to be protected.
Crypto users often suffer losses from various threats, such as smart contract hacks, stablecoin de-pegs, market volatility, etc. In 2021 alone, $3B were lost to smart contract hacks.
Amulet Protocol solves these problems. Amulet Protocol is a decentralized risk protection protocol built for the Rust-based ecosystem, starting with the Solana blockchain.
And later they will have their own altcoin too. So not all founders create their altcoins for the money, but for the whole ecosystem to function properly.
Title: Re: Too many altcoins!
Post by: gurunanakji777 on October 29, 2022, 03:40:12 PM
Obviously yes, every altcoin dev wants that their altcoin use for payments so generally we see daily new coin launching but the sad part is the majority of the coins diminish as well quickly. Like technology changes in mobile from 2G to 3G or 3G to 4G or 4G to 5G like this new projects keep coming up with new concepts and there is always room for improvement so we can not rely on Bitcoin and Ethereum for the growth of crypto market we need new projects also.
Title: Re: Too many altcoins!
Post by: Moova_btc on November 02, 2022, 10:30:47 PM
Not all projects are interested in running away with people's funds, some project really wants to impact and solve problems but the problem is finding legit projects. I've been looking at some interesting projects in recent times and I think it's okay to say they are good projects. Check out ducatus project to see what they are doing. 
Title: Re: Too many altcoins!
Post by: Speaker on November 03, 2022, 09:46:03 AM
It is much more important to consider ecosystem and infrastructure projects-blockchains
Title: Re: Too many altcoins!
Post by: Mackintosh on November 04, 2022, 08:11:18 AM
The reason there are so many different altcoins is because they each have a particular purpose. One reason why there are so many cryptocurrencies now is the underlying blockchain technology. It gives programmers the chance to design various coins with a range of features. We have cryptocurrencies that serve as virtual money.
Title: Re: Too many altcoins!
Post by: Afony on November 04, 2022, 09:23:28 AM
It is very good for the market when there are a lot of altcoins, and the markets live on altcoins. A lot of altcoins give a lot of new technology developments for the development of cryptocurrencies.
Title: Re: Too many altcoins!
Post by: Speaker on November 04, 2022, 09:56:28 AM
Not all tokens and projects are needed and interesting to the market, because most of them are outright trash....but the ones that are there are definitely an important link between the user and the product.
Title: Re: Too many altcoins!
Post by: gurunanakji777 on November 08, 2022, 07:20:59 AM
Honestly speaking all are after money but for the development of the crypto market new altcoins are needed in the starting we have only BTC after that we have good projects like Ethereum, BNB, Polygon, Polkadot, Solana, and Tron and many are providing transactions with very low gas fees as compared to BTC transaction charges.
Title: Re: Too many altcoins!
Post by: Afony on November 08, 2022, 10:53:36 AM
If we compare with these altcoins and transactions on the network, I would not say that BTC is more expensive than them. Projects are different and transactions are already exposed from popularity, take for example Ether overestimation of transactions due to popularity.
Title: Re: Too many altcoins!
Post by: Speaker on November 08, 2022, 11:09:46 AM
Well, the ether at least with the transition to a new consensus algorithm, at least the commissions have become smaller
Title: Re: Too many altcoins!
Post by: GWstar on November 13, 2022, 10:25:48 AM
In my opinion, some of new altcoins present new technologies wasn't covered by major coins before. They're just trying to follow the way of success.
Title: Re: Too many altcoins!
Post by: Speaker on November 14, 2022, 10:48:26 AM
due to recent events, it is difficult to figure out which altcoins will become the next gem, and which ones will be a scam
Title: Re: Too many altcoins!
Post by: Cnghtn on November 16, 2022, 09:50:45 AM
By the end of this bare market most of the scam or weak projects will have died.

Title: Re: Too many altcoins!
Post by: Speaker on November 17, 2022, 10:42:38 AM
Quote from: Cnghtn on November 16, 2022, 09:50:45 AM
By the end of this bare market most of the scam or weak projects will have died.
I would say that the moshenic projects have already died... moreover, many of those who were considered top-end-became moshenic.It's sad to realize that we don't really have any control over what belongs to us (
Title: Re: Too many altcoins!
Post by: JordanKing on November 18, 2022, 10:57:07 AM
Well, some people consider altcoins to be all cryptocurrencies other than Bitcoin and Ethereum as most cryptocurrencies are forked from one of the two. A few altcoins use distinct consensus mechanisms to validate transactions and open new blocks, or attempt to differentiate themselves from bitcoin and Ethereum by offering new or additional capabilities or objectives.

There are many benefits of Altcoins including Altcoins with more utility have a better chance of surviving as they uses like Ethereum's ether. Also, investors can choose from a wide variety of altcoins that perform different functions in the crypto economy. 
Title: Re: Too many altcoins!
Post by: Speaker on November 18, 2022, 11:18:53 AM
Investors can always choose what they prefer, but I still prefer bitcoin and Ethereum.
Title: Re: Too many altcoins!
Post by: Alcor on December 06, 2022, 09:27:08 AM
Quote from: Speaker on November 14, 2022, 10:48:26 AM
due to recent events, it is difficult to figure out which altcoins will become the next gem, and which ones will be a scam
This happens periodically and is a natural development of cryptocurrency. Thanks to the open source code and the ability to easily and relatively quickly create their own cryptocurrency, many use it to deceive investors and get big money. Such projects quickly leave the market, and often with the currency of investors. Investors learn from their mistakes, and therefore the number of useful cryptocurrencies in the market increases. Therefore, this path is a good opportunity for the development of this industry. There are not many altcoins.
Title: Re: Too many altcoins!
Post by: Probal Deep Moran on December 06, 2022, 09:37:43 AM
ApeCoin (APE) is the most valuable gaming token, with a market capitalization of INR 177 billion.
ApeCoin is the native coin of the Bored Ape Yacht Club, a collection of non-fungible tokens built on the Ethereum (ETH) blockchain. Third-party developers have incorporated ApeCoin into their games. For example, players of the P2E mobile game Benji Bananas earn special tokens they can easily swap for ApeCoin.
Title: Re: Too many altcoins!
Post by: lepbagong on December 07, 2022, 08:59:27 AM
Quote from: Speaker on November 18, 2022, 11:18:53 AM
Investors can always choose what they prefer, but I still prefer bitcoin and Ethereum.
I think what you say makes a lot of sense, so far they are still the best of all the coins that exist today and will likely continue like this in the future. it is very difficult to replace them and such a good altcoin it seems that only BNB can possibly become as big as the two of them.
Title: Re: Too many altcoins!
Post by: satpol_PP on December 07, 2022, 05:29:41 PM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Investors that develops or create new coins or tokens will have more profit than just invest or trade in crypto currency.
Scammers also do it.
So be careful, there are many scammers at new projects
Title: Re: Too many altcoins!
Post by: Speaker on December 08, 2022, 11:32:51 AM
Investors are usually interested persons and if they have invested in the project, they will promote it in every possible way.
Title: Re: Too many altcoins!
Post by: dekafee79 on December 11, 2022, 01:01:44 AM
Quote from: Speaker on December 08, 2022, 11:32:51 AM
Investors are usually interested persons and if they have invested in the project, they will promote it in every possible way.

Not only person, I think.
Investors also interesting in the projects.
Because potential projects will make the coin go up.
But also the man behind the project become the consideration to invest.
Title: Re: Too many altcoins!
Post by: de_prof on December 13, 2022, 03:56:31 AM
Quote from: zendicator on July 29, 2019, 04:05:07 PM
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?

Too many altcoins , I think It's good chance for us to invest in crypto currency.
No matter and I think It's good
But we must be careful and always be, because too many scams too
Title: Re: Too many altcoins!
Post by: Speaker on December 13, 2022, 07:40:42 AM
Largely due to fraudulent actions-there is little trust in the crypto currency now, as well as the liquidity itself in it.
Title: Re: Too many altcoins!
Post by: fatcatcoin on December 13, 2022, 06:43:02 PM
there are indeed a lot of altcoins out there.
some are copies that do nothing better others are very innovative.
who knows maybe one day a altcoin will be bigger than BTC and the globally recognized cryptocurrency.

I started an altcoin, and I did it because I saw potential in something I felt everyone was missing.
Title: Re: Too many altcoins!
Post by: Speaker on December 14, 2022, 07:54:08 AM
only a product can have a potential, and a token is a control unit in this product itself
Title: Re: Too many altcoins!
Post by: Tolyk on December 14, 2022, 01:42:08 PM
Quote from: Speaker on December 13, 2022, 07:40:42 AM
Largely due to fraudulent actions-there is little trust in the crypto currency now, as well as the liquidity itself in it.
To date, altcoins have become much less available on the markets due to fraudulent actions.
Title: Re: Too many altcoins!
Post by: fatcatcoin on December 14, 2022, 04:10:16 PM
Quote from: Tolyk on December 14, 2022, 01:42:08 PM
Quote from: Speaker on December 13, 2022, 07:40:42 AM
Largely due to fraudulent actions-there is little trust in the crypto currency now, as well as the liquidity itself in it.
To date, altcoins have become much less available on the markets due to fraudulent actions.

can you give some examples
Title: Re: Too many altcoins!
Post by: gunhell16 on December 15, 2022, 07:49:03 AM
There are a lot of altcoins popping up right now because it's just for business and making money is that simple. most altcoins actually don't help most businesses and crypto users. But the ones that are included at least in the top 50 altcoins, I can say that there are benefits to our community here.

That's why as a crypto enthusiast, we must know how to choose and read legitimate coins that can give us benefits in the future so that we can also have savings for our family.
Title: Re: Too many altcoins!
Post by: Speaker on December 15, 2022, 07:50:55 AM
It is also important to monitor the number of developers and the influx of new users.It says a lot