Too many altcoins!

[Jenuare352]

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[pelana vreo]

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.

[Ezzi]

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

[Absolutep]

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.

[Fenix]

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.

[Andruha1993]

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.

[Cutter Cute]

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

[alltalk]

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.

[LogiC]

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.

[Delgboke]

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.

[trauchot]

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.

[beginnertrader]

I think its good that there are too many altcoins as they offer much faster speed and can be used everywhere by anyone anytime.

[Uina]

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.

[shadowdio]

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.

[Octoalts]

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.