Too many altcoins!

[Jaephoenix]

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

[corr]

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

[Delgboke]

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.

[Fenix]

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.

[tervel]

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.

[vaysar]

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.

[alstevenson]

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.

[Coin63@]

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.

[aiviaa485]

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.

[abdmuiz]

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

[abdmuiz]

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.

[corr]

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

[vegasus]

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.

[wanggober]

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.

[bxipp]

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.