Too many altcoins!

[owlest]

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.

[Review]

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?

[khichariya1]

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.

[Edward Frank]

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

[Rebecca Lynn Crovello]

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.

[Anonylz]

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. 

[bayiajaib]

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.

[whyrqa]

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.

[kulkhan]

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.

[gurunanakji777]

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.

[pacar_tiri]

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.

[Freemind]

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.

[Noverteno]

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.

[densus88]

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.

[saprakib]

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 .