Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on September 23, 2018, 02:59:08 AM
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Well, the reason is very fundamental and it all stem from the fact that human needs and problems are insatiable. Every project that enters the crypto market is a solution to a problem or gap in our society. Developers create new coins to back these solutions in order to create more value for the crypto market.
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as said by Vitalik Buterin, over time the community will realize and begin to understand which projects are good and not, and that is where finally, that the project does not appear, but the existing projects are now focused and developed according to their respective functions.
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many companies want to take advantage of making ico
I heard that Ico profits were so large that the companies wanted to make ico with good ideas so investors would come to invest their money
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as said by Vitalik Buterin, over time the community will realize and begin to understand which projects are good and not, and that is where finally, that the project does not appear, but the existing projects are now focused and developed according to their respective functions.
You're right, so many new projects with the same idea, just read this article https://icorating.com/news/2018-7-over-1000-ico-projects-have-already-died-techcrunch-report/,if we look at the current situation, the surviving coin is a coin from a long-standing project.
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Yes too many projects have too much token and coin. Some of these projects can effective. However, there are many scam projects.
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a lot of new coins appeared due to many new ico that appeared. therefore, we must be able to choose good ico to get good coins. it will provide huge profits for bounty hunters and investors.
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Many developers always create new ICOs although the market is in decline cycle. It is not difficult to provide an ICO, it triggers developers to present more ICOs. And the ICOs provide new coins, so we will have many coins when ICOs are created day to day.
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Does it have any effect with the number of new coins created against old coins? I think old coins if you don't have good technology will lose interest. Many coins will die every year.
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"I get a lot of personal messages asking how much Ethereum (the type of virtual currency) I have. One of the cool things about Ethereum is that all wallets around the world are transparent and open to everyone to see. And this (US $ 283 million) is saving my wallet,
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It seems like it's a good thing if the number of coins is new and has better quality than existing coins. Investors will buy more quality coins and can choose several new coins according to their needs.
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Well, the reason is very fundamental and it all stem from the fact that human needs and problems are insatiable. Every project that enters the crypto market is a solution to a problem or gap in our society. Developers create new coins to back these solutions in order to create more value for the crypto market.
I think human greed is also a big part of it. Many coins don't really solve a problem, but are looking to capitalize on the crypto craze. However, community quickly accepts/ rejects and validates new projects, and gems come out of the pile.
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many companies want to take advantage of making ico
I heard that Ico profits were so large that the companies wanted to make ico with good ideas so investors would come to invest their money
Sadly this is true. I see a lot of ICO whose products don't really need a Blockchain. But hey, put "Blockchain" in it and rise millions.
Unlucky for them this doesn't work on a bear market.
Besides this, blockchain has so many applications and can be useful in many sectors, we're still at the beginning of the blockchain era, we will see many more coins in the future!
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Each undertaking that enters the crypto advertise is an answer for an issue or hole in our general public. Designers make new coins to back these arrangements keeping in mind the end goal to make more an incentive for the crypto advertise.
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This is a new space, people are trying anything and everything in order to get in at the ground floor of development. There are limitless applications for blockchain technology as well, so it's very likely that this is still only the beginning of how many coins we'll have.
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We can categories them into two groups, you might be thinking i might be saying utility and security token but no is good and bad token. Good tokens like zilliqa which will really help crypto especially ethereum in the long run. Bad coins are most of the scams coins you encounter however i will not label them out. Most of the coins flow into crypto market is to earn money maybe only a very small percentage is really want to help the growth to crypto in the long term.
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A lot of coins complete the incomplete market. They are the new opportunities for new and old crypto members that could be possible as the investors.
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Well, the reason is very fundamental and it all stem from the fact that human needs and problems are insatiable. Every project that enters the crypto market is a solution to a problem or gap in our society. Developers create new coins to back these solutions in order to create more value for the crypto market.
the introduction of new coins become a problem of some cryptocurrency that are already exist in the market because most people are selling their crypto investment and diverting into buying new crypto or buying during ICO due to a very cheap price.
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I heard that Ico profits were wanted by the company with good ideas so investors would come to invest their money
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The number of coins is aimed at giving consumers a lot of choices and preferences and investors like us to choose which coins are good and which coins are potential and also which coins are not good. That's all we can choose with the large selection of Coins provided by the Crypto World.
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There are more than 300 ICOs launched in the first half of 2018, the number is almost the same as the ICO throughout 2017. This means that more investor funds are absorbed. TaTaTu, a social entertainment platform, raised US $ 575 million from the sale of its tokens.
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The same situation with money.
There are so many dollars have been created - even more than America can allow itself.
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Well i think the influx of coins is due to human needs and these coins tend to help resort them in diverse ways. Also the team may have seen the cryptosystem and its needs and benefits,therefore these coins would be bought so to make profits.
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Because with so many coins we can also make choices that many also want to invest where. There will be a lot of innovations as well as making lots of these coins so they don't vacuum against certain coins. On the other hand, the advantages of crypto equalization are good and clear, so that people are not guilty of that coin.
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Crypto enthusiasts need new things. as well as the existence of new coins that are better than existing coins. That makes growing interest in each year increasing.
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Each crypto has its own goal.
I think it's not about greed, but about competition.
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With so many coins on the market proving that many ICOs compete with each other in the market. The ICOs project sells their tokens on the market and attracts investors by offering the development concept that their coins are the best. This gives us a lot of choices and analyzes which coins are the best on the market that will give us more profits by trading on the market.
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the advantage of crypto equalization is good and clear, so the innocent people on the coin. with so many coins we can also make choices that many also want to invest where. There will be many innovations and make lots of these coins so they don't vacuum against certain coins.
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There are currently many shitcoins in the market and in the future it is inevitable that they will be eliminated. Only good and potential coin is left.
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now there are so many coins in the trading market, lots of coins are scam and make profit seekers in the trading market very difficult to find profits
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Developers take advantages from the popularity of ICOs. They know to make coins and manage the ICO's team is quite easy. All people can do it, and also the administrative and registration processes are not too strict. It triggers to many developers producing very large amount of coins. After one ICO project has been successful, then they become greedy and create another ICO. So, that's why ICO coins continue to multiply until now.
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In order to provide many choices for users in the Crypto World. Especially beginners who have little money to play in trading or investing in this crypto world. So there will also be great benefits for users if there are many choices of coins they see and are not bored with the coins that are just that. Additionally, many people develop the technology and crypto offers the more advanced technology for coins and tokens in many more fields.
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For me, it because of bitcoin. Bitcoin proves a lot of things and bitcoin changing lives of holders. I believe that some of currency holders are millionaires/billionaires now because of bitcoin so that's why there are so many alternative coins wanted to be like bitcoin. that's my opinion! ;D
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People needs new technologies so They use technology in various projects therefore they are developing new Coins. Hereby technologies are spreading in many places but this is the reason many projects to failure .
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Every invention is geared towards meeting human needs and that's all cryptocurrencies and blockchain technology is about. Despite these facts, many of these cryptocurrencies have no real products backing them and this make them almost useless to some point.
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Because it can be done by anyone with a great desire and desire to earn
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so many new coins it caused by the many new ico that also appeared. therefore we must be careful in choosing an ico to get the coins that have a high price on the market.