Too many altcoins!

[kevinjulio]

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.

[tonymillions84]

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'.

[Cryptoz]

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!

[bigcash2011]

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.

[Master107]

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.

[purpleseven]

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

[MrSpasybo]

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

[corr]

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

[Noverteno]

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.

[viki]

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.

[nakmantu99]

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.

[owlest]

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.

[xeroz]

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.

[TOP_ETH]

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

[Sharelock]

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