Too many altcoins!

[vaysar]

There are many altcoins, many of which will not stand the competition and disappear, but those that remain will be under the strict control of the SEC, which included strict cryptocurrency control in its list of top priorities for 2020.

[OptimusPrime]

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?

Every altcoins created has its purpose, all can't be for the reason to ease payment as long as they are not designed for that. Bitcoin was created for that purpose but other currencies came up with many different purposes either good or bad. I enjoy seeing new altcoins with new innovation

[MUGNIA]

they make altcoin for sure to make money, if you are interested in investing in altcoin choose coins that already have a stable value, for new coins better think deeper to invest them (coins)

[Prime]

they make altcoin for sure to make money,

Yes. I agree with you. Most people come to crypto in order to earn money. There are many altcoins, so they can choose one of them to make money.

if you are interested in investing in altcoin choose coins that already have a stable value,

As far as I know, people are interested in altcoin/crypto investment because of the high volatility. It is a high risk but it also provides a chance to gain big profits. So, I think it is better to choose coins like Ethereum, Ripple, Litecoin, or other top altcoins. But not coins with stable prices. They are stable coins, the price won't move significantly.

[Jamie07]

For me I should look for existing altcoins and play the trading game. As too many altcoins nowadays are just trying to make money. But it will not hurt to look for new upcoming projects as I may find something interesting to venture into.

[trauchot]

For me I should look for existing altcoins and play the trading game. As too many altcoins nowadays are just trying to make money. But it will not hurt to look for new upcoming projects as I may find something interesting to venture into.

Quite right, with the advent of new altcoins, new opportunities for trading and investment appear, and in general, the appearance of new altcoins promotes and develops the entire cryptocurrency to new heights.

[Vx1]

Cryptocurrency is a modern technology in terms of payment, or often called Cryptocurrency is a digital currency. Every project that creates Crypto coins I believe their goal is to benefit from this business. But unfortunately, there are many altcoins that are not well supported by good communities and teams, so that altcoins become bad Altcoins and eventually die. But actually, the more altcoin will increase the greater our chance to benefit from trading or investing in Altcoin.

[tonymillions84]

the same way there are so many scammers looming up and down looking for people to still there hard earn money. that is exactly how the crypo world is all about. that is the reason investors are been warned to do your own research before investing and also invest what you can loose. another thing to note is that crypto has no regulation. 

[Andruha1993]

Now many altcoins have their own blockchain, and therefore their creators come up with something new to facilitate use for their users. They also create their altcoins for profit both for themselves and other users.

[freakslot11]

Such a number of altcoins is normal at the moment. Everyone wants to create their own project and make money on it. And this is not bad, because another project can use an unrealized idea and create an excellent product.

[Nestle]

Not just to make money. In my opinion there is a lot of cryptocurrency because of the number of requests and an increase in interest in buying and investing in crypto. Imagine if only a few types of crypto existed. maybe the price of crypto is very difficult to control.

[Jaguar]

The tree compose of root, trunk, branches, twigs, leaves, flowers, and fruits. More than one but one. No tree that only root. No fruit without root. No branches without trunk.

Huge altcoins means some are scam and some are real. No scam if there is nothing  real. No good things without bad things. We define bad because we know it is not good. Examine the project you wanted to participate.

[Delgboke]

There are many altcoins because people are looking for away to make quick woman and enrich themselves, they are not after the future of digital currency, that's why we seen different altcoins entering the cryptocurrency market on daily basics.

[owmivmen]

I think every coin has advantages and types that differ in each transaction. The amount of time and amount of fees for the transaction or the number of holders of the coin. New ideas are always present that make lots of new coins that will be available and available in the market. founder of token makes token for money? In addition to the main goal is to make money from their ideas, there are still other goals such as making it easy for users and interested people of their projects and to become an investment choice for investors.

[babu10]

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?

Obviously every team or men creating alt tokens to gain money from market. After BTC there are too many alt coins in market and day by day more altcoins will be created. But problem is how many alt coins are in lime lite? Market is now very aggressive and here if anybody want to exist must have to work otherwise it will go to dogs.