Bitcoin Forum

hello!

why are there so many coins to choose from, do they really each have something unique about them?

Bitcoin is the father of cryptocurrency other cryptocurrencies are altcoin. In current market many altcoins are created in digital transaction. But all the altcoins are followed by Bitcoin. Some innovative things are designed in some altcoins but almost same in most of the altcoins. So altcoins is one of the cryptocurrency it will handle any place.

every altcoin has different purpose. example some altcoins are created to transaction or buy something in the other way maybe you hearded useless ethereum coin for nothing. some of them are scam. this is why to many altcoins.

No, some of them are copycats or otherwise dodgy coins.

However, all of the top ones are unique in at least some way - for example, Litecoin has faster block times; Monero has ring signatures for anonymity; IOTA has a DAG-based system; Ethereum has smart contracts, and more.

Whether or not they're different enough to warrant their price is another matter though.

All about competition, altcoin is very much and from some they have no value even their innovation is less desirable ..
without any altcoin maybe bitcoin value is not like nowadays.
About your question ''This type of virtual money is not just a bitcoin ,,
 The similarity is both Cryptocurrency, aka equally digital currency .. Well of this similarity there is an element of difference, which is making the currency.

There are so many coins because every one is free to create one and moreover making coin, selling it through ICO can make you rich without doing anything.
The time had gone when each coin used to have something unique and caters specific purpose. Nowadays, most of the coins don't even have their own unique blockchain. They are either build on Ethereum, or Waves or NEM blockchain. In recent times, we started using the word 'token' for such coins. So in short, all tokens are shitty. Only go for coins which really have something unique to offer.

There are so many because it is a booming space right now and most are new ideas and so many people with the same idea are competing to be the one that becomes dominant. There is a lot of money in altcoins right now and so there are more and more new coins each day trying to get a slice of the pie so to speak.

some ico developers have ideas and concepts that they carry on crypto innovation. there are all sorts of white papers they offer and the technology they apply. but not everything has a future. you must be smart to choose and investigate every investment you will make.

Yeah every other coins has its own unique special purpose targeting different thing.  There are also platforms for tokens so it varies so much. You should choose carefully.

Yes theres uniqueness on some altcoins but most of them are just completely identical but still they did able to manage to have some values. After bitcoin all coins being created considered as alts. They do have different concept or features but still bitcoin is still on the edge and they are just still leaving behind but doesnt mean that altcoins are trash but they are also good for side income and some of them do really have usage on real life just take a look on ETH. It do have smart contracts which can possibly used for new innovation.

Almost all of them are just copy cat of bitcoin or other coins (>90%) and are scams without any real development.
5% or even more of altcoins are actually ETH based tokens that is not a true coin, they are sold by projects so they can collect funds for their operation.
Remaining 5% of the total coins are only worth to check as they have constant development + unique features than others.

Because that's how this world works if something is successful people quickly start replicating the basic idea and introduce new and innovative features. See fidget spinners there are millions of design available.

Same happened with btc in earlier years very few of them saw the potential and created similar coins to btc one being ltc and even doge. Then came eth completely different idea and something unique.

And like this many more started being added and soon in no time there was thousands of alts.

Because each project can now easier to obtain money through ICO, you simply need to release their tokens. That is why most of the tokens eventually will go into history with the collected money and we need to be careful

Only a handful of altcoins have new features or innovations. Most of the altcoins is plagiarized or modified. Be sure to shine your eyes.

Well i think the simplest answer to thid will be, as you know bitcoin was very successful and it's price id very high. It was the original cryptocurrency and also the modt popular cryptocurrency. After seeing bitcoin become so successful alot of new altcoins came out as people thought they would becomd as successful as bitcoin. Still only some of thr altcoins bring out something new. Most of them are just clones of others.

There are lot of them,  but some of them are junks..

Before when bitcoin was launched there are too many ideas came out that has brought it during those early days. And as bitcoin is moving along its journey, developers are thinking of something new that bitcoin doesn't have. Most of them before wants to upgrade bitcoin and that's why they are creating their own coin that supposed to replace bitcoin but today it's different, they are creating altcoins for profit purposes only.

Crypto is at the beginning of its life and there are tons of ideas that can be brought into blockchain to make the process more transparent for users. This is the reason that most businesses are moving to blockchain and hence so many new alts are coming into existence.

Most of the Altkoks were created as a result of the ICO to implement some new ideas, a new project for the coins to work in some narrow field of our activity. There are a lot of projects, so there are a lot of coins created. Now they are more than a thousand. However, the market selects the necessary projects that people support with their investments, many of the projects immediately become unnecessary and useless. Such soon will be forgotten. However, in general, such a process is necessary, since it is democratic and only in this way can the altkoys be improved by going through selection in the financial market.

Just because there are so many people who just want to make easy money without any real work, also there are so many who buy these unreal stories.

Yes. Services.
They target just one service and focus on that. Unlike bitcoin which will be used for merchants, assets, and most of all as a means of payment which is so broad.

Example is Cartaxi. They want their tokes to be used for their own application which is an Uber like car towing.
Another is Pundi X which is my signature now. You can see its benefits when you click it. It is about using the currency easier and faster and much broader that it can be used by everyone.

So pick those whom you think you can support much to make it worth the investment.

Because there are so many opinions and crypto world is an easier way for projects to collect some money to begin. There is a continuous cash flow coming to cryptocoins icos.

Each altcoyin has behind its project. There are the good projects that solve real problems and offer unique solutions, there are the similar projects and there are the bad projects that are useless or are developed teams don't keep their promises. In the absence of ICO regulation we have about 90% of bad projects and this is problem. The crypto-currency market is developing. Whether this ratio will remain, the future will show. I hope we will see more different and interesting projects (altcoyins).

I think issuing altcoin is an excellent opportunity to attract investments for startups, altcoins is like a stocks

Each of them has differnet things inside. Different features, working mechanism, roadmap, plans, teams, priorities and so forth. Some of them could be similar but their teams are differend and this made all of them unique ones. Variety in the market is good for traders.

I also agree with your opinion! Indeed, this problem is so urgent when choosing ICO (a lot of scams and projects that will never become a reality). Although with increasing popularity of crypto currency, I do not think that there will be less such projects ((

In my opinion most of the Altcoins are launched by the search of profit of the developers, few coins have a good project.Some have just been released and even then they already suffer a dumping of the market making like that the currency is almost destroyed at the first moment. This is because the developers do not project the currency right and only aim for profit.
If you are investing in Altcoin, choose as currencies that are already strong, there is a market and already great stability without price, for example, Litecoin, Ethereum, Dash, Moneto and a new one to Waves

Because people are finding for alterbative coins or crypto, aside from btc altcoin is the one they choose, because altcoin has a good quality and has a great value just like hownthe btc started, and now altcoins are spreading and increasing in total of the number of altcoins have made, thats why they try and try invent many altcoins

So many Altcoin represents so many projects or ventures worldwide. Altcoin is not money it is the share of some company. Altcoin have its value in bitcoin, ethereum or fiat currency. So that there are so many altcoins.

When companies understand about cryptocurrencies they started to make their own coin that is associated with their products, shares and services. And that's how the altcoin industry is becoming popular because of partnerships and also the crowdfunding has been popular too. Cryptocurrency now is totally like the stocks market where you can choose your own bet and just do trade alone with it.

yes every coin on the market has a different purpose on the market it can be on this platform and that coin can be on that platform but there are some fake coin that just copy other just to make profits but in order to avoid them do your own research and also invest on the big name coins only if possible

Altcoins maybe from different ICOs and some are by the developer themselves.
From ICOs, they use them for their project as their capital, they are giving it value to be distributed to attain specific amount or profits. Sometimes, projects do not really reflect as they have promoted. They promise high profits to attract investors.
While from the devs, like forks, some create and agree to create alts for faster transactions and exchanges with lesser to no fees at all. Because as we can all experience, it's getting harder to mine and transact bitcoins everyday concerning the high fees needed to accelerated them.

You're right, there are so many, it's hard to keep track on all the news.

If you're planning to invest in altcoins make sure you do a lot of research. Learn about the project and the people behind them and the one thing that makes them different.

There are different alternate coins from different startups/ICOs today and these altcoins differ in their usage. Some of these altcoins have made their way to stardom since they become a very demanding altcoin that also made its value to rise drastically.

Yes, their are many coins available in market but you have to careful if you are going to invest in it. Altcoin is one of the currency which is trending nowadays and setting its own place. And each currency has its own value . Nowadays as per my knowledge bitcoin is on top then altcoin and so on. This cryptocurrency gives really good profit if you invest in proper manner. It is really easy to understand and work on it. :)

I believe some altcoins are unique but there are still some, existing that has the same characteristic with another altcoin. And some of them are created to solve problems, help people through use of it, etc. Though more altcoins are created worthless today, and will just scam people to invest on it, there are still really worth to invest for. You just need to find the most valuable.

it is only hard at first mostly for newcomers to follow all the news from all the altcoins. but if you hang around for a while and watch the different altcoins, and their price movements, you can easily figure out what to look for and you will be able to do all the process in a much smaller time frame.

and in my opinion you have to make up your mind. choose what you are looking for. it can be profit or it can be innovation, they rarely happen together.

The answer is no, a lot of these altcoins don't bring anything new. The problem is that it makes it really hard to find new coins that really have to offer something new and also makes it hard of them to get attention. I personally just keep my mind on Bitcoin, Litecoin, Ethereum and some other top coins because these coins I'm sure of will be able to change things.

sure every coins have something to sure investor in the world. every altcoins have something else from competitors, like HERO coin his background is bank and others. so many altcoins realease have unique background like real estate, travel, etc. so for sure where u invest u read whitepapers, team, and experience to get more profit

Not totally unique because some of them are just clone from other project. They are just using different coins to promote their project but we don't know it is just the same in purpose. This is somewhat we called it a scam project.

This could give us some lessons that we should carefully read and understand all the details of every project before investing. And with that, we can escaped from bait of scam projects in which it only destroy the image of blockchain technology.

Altcoins were getting into existence with specific objectives with unique features that is not found with every altcoin. When the number of altcoins keeps on increasing, surely the competence and the growth of the cryptocurrency network will progress causing further advancement in technology.

Just like the majority of the airdrop token with no purpose at all. As i can see about the network gets bloatet due to the crap coin created by the scammer. And the airdrop whore is also hurting the ethereum network itself. The airdrop must be stopped. i hope there will be a requirement to put high ethereum value to make an asset.

Most of them, to be exact)

Good question!!!

When I started with Crypto, I too asked myself, what is the need of having so many coins. Then I understood that each of these coins have something unique in them. I mean the feature that it bring to the table, reason behind creating such coin, what's the vision and so on. Not to forget that we also have scam coins, where people would just create any coin, copy whitepaper and try to fool people and then run away with money. Got to be very careful with the new coins that come into the market for sure.

One other advantage of having a lot of Altcoins is that it helps in the diversification of investment.

That's all for now, Have a good one.

It seems to me that people saw the opportunity to earn now on this. Doing ICO is not so difficult. Therefore, 100 ICO leaves on the day, and many of them disappear together with the money after the fundraising! :o

Not every coins but some have really unique ideas such as ripple, IOTA

Most of the features offered by alts are banal; lending, esports, decentralized escrow and services..I've seen at least two ICO's having these concepts. While the devs might not totally be in it just for the money, one can't deny the fact that after some time, the coin would just be useless.

I remember this questioned being asked in 2014  :D
and most everyone here has answered it pretty good,
I can also add that some coin devs or token startups might feel like they can do a better job at promoting a coin that they brand and market and use to target specific users, developers might feel like they can write better code to support a blockchain,
I know this feeling firsthand cause I had a great idea and started a new coin in 2014, there are many many reason's for so many different coins.
Which one has turned out to be your favorite?
I truly believe all the altcoins have supported the growth of crypto currency so all these coins are a good thing.

Crypto market is decentralized and unregulated so anybody can create its coin/token and enter in this market without much hindrance. Unlike stocks, there is no regulatory authority so even scamers can create a fake coin with fake history and concept; collects crowd funding and then get vanish. So don't believe in any shit coin or ICO, do a deep research about its team before investing.

I completely agree with you, because in this way you can secure yourself from negative investments and the loss of your funds. It is necessary to do a very deep analysis of information about the selected projects, only then there will appear At least some certainty as a result.

Yes, many coins were created only to make the creators of this project rich. Unfortunately, such projects deceive users and promises remain unfulfilled

There are so may altcoin now because there is money in this industry. That's why even the scammer and the hacker get involved themselves  here too. But there are some altcoin establishing or creating ico because they believed their token will going to have a value depending on the community who will going to believe in their project.

very much indeed the alternatife coin that has a lot of listings and for others I still have not found a potentially good for the future.!

There are so many because it is a free market and you can't tell somebody not to enter especially when something is open source. That being said no there is no way there are 1500+ cryptos and there are 1500 unique things about them all but they are trying to compete which is healthy for the industry. Now you must do your research and see which is best because all of them wont "moon".

altcoin has a lot to do because there are so many ICOs in circulation right now, as more and more ICOs are in circulation there will be more and more altcoin in circulation (because the ICO will make new coin for as payment when we invest in the project).

Consider every other coin beside bitcoin an alt coin,  every ICO that releases a coin or token are considered to be ALT coin. Though some coins are created to be a joke. Maybe high percentage of alt coins are not worth it or zero worth that why an ALT just a substitute for bitcoin and can never really surpass bitcoin bullish run. Too may ALT too few with really useful usage.

There are many altcoins out there right now, but you have to do your due diligence to see which ones are worth the time and money. IMO polymath is a big players especially witht he SEC crackdown lately. They help people launch security token projects and get connected to KYC-verified investors on their platform. All of the token projects launched are complaint, which I see will make waves int he crypto community. Also, the platform is idiot-proof, which makes it easier to businesses to get in on it.

You should even look at their demo: https://polymath.network/wizard/

So many altcoins but few coin that has a future and can offer advantages to the users. Other developers created new token an altcoin to get rich to invest in their coin. The good thing to do before you invest to make a research in which coin is worth it.

The reason why there are so many altcoins is they want to make their project and themselves rich just look at the top 100 altcoin in coinmarketcap and their market capitalization that is a lot of money right? The devs dream for their project but the problem is there are some people only want for money by creating shitcoin currency and also, some scammers took this opportunity to create a ponzi schemes.

Not all altcoins are unique. Most of them are just shit coins or scam. There are some that are good quality altcoins. They really have something unique compare to the others and their developers are trustworthy and has good background. You should do your own research first before you invest on them. Beware of the coins wherein they have some pump and dump group.

all coins are the same, the only difference they have is the power of that coin to be valuable in the market. Anyone can join or create coin just not develop it. They are many no-value coins out their but there are also many valued because of the continues update and support of the development team.

no ,not all coins are the same. every crypto coins that been made has a different name and unique statistics and usage that can be used online for buying ,selling, trading, mining,etc almost anything that you can think of and not all can develop it because it is not an easy thing to do and it also requires a good starting capital in order to create and develop your own coins and publicitize it through some advertising methods like social media campaigns and signature campaigns. the reason why there is so many altcoins is because they also want to compete in others and also to make a profit when someones invest on their coins but some are only doing it just to scam inoscent people.

Some of them are unique but a lot of new altcoins are just competing the old coins having the same idea  but they only differ on team, better roadmap and some technical improvements.

Almost all the altcoins that are being created now are all just like the ones being made months or even years ago, they are just competing now with more faster transactions and things they see or observed that are the weakness of the coin they are just innovating and naming it with another unique name.

Because the price of bitcoin is skyrocketing, therefore, so much developer coin that want to have much profit through create new altcoins and some altcoins getting scam because the developer take no responsibility from their altcoins that have been created.

Every altcoin has different purpose,
But many of them (altcoin) don't have any use. They are only pump and dump altcoins.

You should choose carefully.

I do like the "years ago" included in your statement, frigging Achain stole my logo and ticker from years ago, I am not a fan of Achain

Mostly of  altcoin in the market now is ERC20 Token that premined which easy to create it and will be low cost by using smart contract of Ethereum and their blockchain. Many project create that token for utility token to development their project. And just some altcoin that have own blockchain without doing smart contract with other currency. So there are many altcoin now because easy to create it.

I really doubted of some ICO's exist today, and we should be very careful in dealing with them because a lot of them are just a scam projects. It's hard to point out which one is legit or not since they preparing for a good platform and a very attractive rewards to the investors and bounty hunters.

Each coin has its advantages and disadvantages. All competing to improve the quality of their coins. See great opportunities in Crypto

when bitcoin was launched there are a lot ideas came out that has brought it during those early days. as bitcoin is moving forward on it's development and continually increasing in price rates and in popularity,now some of aspiring developers are thinking of something new that bitcoin doesn't possess and try to innovate and improve the idea.lot of aspiring developer before wants to upgrade a coin greater done bitcoin that's why they are developing their own project and own coin that supposing to surpass or replace bitcoin, that's why there's a lot of altcoin but the source and origin of it is well we know the idea of Bitcoin by Satoshi nakamoto.. many wants to get rich and to earn as bitcoin does..

There are so many coin because altcoin is a digital currency and too many country create altcoin so there are many altcoin in this online market.

Everyone is trying to find one that works well. In any case there will be a good number of alts. Think of it like businesses. There isn't just one that owns everything. This is why we need different alts for different purposes.

The many altcoins you see are the result of ICO created to fund projects which is based on value or human needs. As human needs broaden and we have men that can provide solution for it, ICO will never end, it will increase in many ways.

Because the ICOs are not regulated thats the main problem of the crypto community,a lot of people wants to get rich by scamming people using these useless ICOs.

Yes this is true too many people are now creating coins to get capital of useless project. You should always check and research when investing in new coins.  Here is why regulating the new coins is very beneficial. I know that not everyone is excited on regulating crypto currency but I think regulating the new and upcoming coins just to filter out who would like to make a quick buck. I do not know how they are going to do regulation but i know they will think something in the future and many people want to be rich.

It's like hedging, many coins are created in order to match bitcoin's price with its useful platforms. But as you can see lately most of those coins are just nonsense and will have no value in the future, that is why the creation of coins are just a cycle, it will repeat as long as teams that created an altcoin leave it behind.

Its true there are lots of ICO around but the simple truth is that most of the ICOs do replicate the idea of previous ICOs.

In the past the coins were made with just a simple way to collect bitcoin from newbies as well to pump and dump the coin, nowadays the coins to get some atention they need to bring something or improve, because no one will invest into a coin wich has nothing to offer besides ups and dows. Each coin has something that should make it different, instant transaction, node reward, smart contracts, in the general there are great coins and several new projects coming with something in mind to improve others coins as well to compete.

With the success of bitcoins, numerous project owners are trying to expose their ideas through cryptocurrency platform where transactions are more transparent, but honestly it's just another easier way to get funds for their ideas, with less or little bit of malicious content as they are unregulated yet has their own fiat value. Cryptocurrencies are perfect to allow companies or just a bunch of people to go listing by having it's own altcoin. Ideas doesn't necessary have to be the same but the coin itself, like erc20 tokens are mostly represent the assets of their ecosystem, it doesn't necessary meant to be like bitcoin that based on transaction, they could be just some token to pay for their service.

it's possible that many people want to take advantage of the creation of a new altcoin  ;D

Altcoin very many kinds. However, Bitcoin is one of the most popular virtual currencies in the world. Because Bitcoin has the fastest and highest price movements compared to others. Ethereum who occupies second position, Then there is Litecoi. In addition there are Namecoin, Swiftcoin, Dogecoin, Emercoin, Gridcoin, Omni, Primecoin, Ripple, Burstcoin, Dash, MazaCoin, Monero, NEM, Nxt, PotCoin, Ethereum Classic, IotA, SixEleven, Decred, ZCash , ARK Ecosystem, Bitcoin Cash, and most recently Ubiq. All have their own function and value. Not all altcoins have a high value.

The web is so big that ideas pop up everyday. Altcoins can be from someones's mind he want to share to the world his ideas in which we can support him/her buy buying its supply for it to have value to have a capital and develop and continue in what we believe to be his dream.

Lots of altcoins are just shitty coins that were just made to be pumped and dumped and get their owners and developers richer . The only altcoin that is useful is the ethereum since they create tokens from it and thus it has a true utility . But people should invest in at least t coins to be sure of being safe even if bitcoin falls and cover their losses , and eventually profit of those coins if they grow in value.

but also u need always be carefully cause much of ICO's just a scam companies

There are more thna 1000 cryptocoins and there will be many more in the future.
Since they are open source a 10 year old child with some programming knowledges can using 'copy and paste' to create a new crypto.
Some of them worth buying but the majority have no future.
There are some people creating them with the hope for quick money....

people used to freebies. For all sorts of bananas start projects. Yes these ppl were useless. Though of course it is good that you can earn.

The answer is simple: those Bitcoin is not perfext. Furthermore that is the reason Numerous  Altcoin is made , For example,. Anonymity , security , faster confirmation speed or Significantly “environmental sustainability”. To example, Litecoin expects on settle on transaction affirmation much speedier over Bitcoin. Dash Also Monero are Altcoins that concentrate on the anonymity, settling on it basically incomprehensible on connect transactions for wallet clients.

Alt coins are also a type of cryptocurrency similar to Bitcoin. The reason why so many alt coins are coming out today because they have seen Bitcoin have been successful and have recognized it all over the world. If you are planning to invest in alt coins, choose carefully because not all alt coins have a good future, some of them are made to be fraudulent.

 the first crypto currency created, the Bitcoin, is not perfect.
And that is why many successful Altcoin are created to become improved versions of Bitcoin, focusing on certain features, such as:
anonymity,security,Confirmation speed Or even “environmental sustainability”.

They try to replicate Bitcoin and make a new coin better.

But all of us now who is the boss here. ;D

First why there is so many coins cause there is many people that started to trust blockchain technology as the new approach for new businesses.  second my answer is yes, every coins have a unique project that they are trying to do. you can find it on google if you are curious about each coin in the market cause it might broaded your knowledge about a new and unique business.

some yes some dont. depending on what developers lift as ideas, benefits, usability and technology. this is enough to affect the value and future opportunities on the token coin. all you have to do is search a lot of knowledge about altcoin.

There will be more project to do a research how to resolve the scalability. i called that as another useless improvement. They are competing to reach the more demand by the crypto users. The fast transaction and cheap fees become the key in this moment.

There are so many coins because they organize a lot of ICO on the ETH platform. In the future, new ICOs will be launched, where they will be on other platforms. Competition is growing, choosing the right Altcoin is difficult

That is the way man reasons. A set of people will work hard to give birth to an idea and all of a sudden when the idea start making waves, others will copy without restrictions and the original idea will start losing value.

After bitcoin too many cryptocurrencies have been created.Some are trying to innovate bitcoins,others have different goals and properties, some are just almost the same as bitcoin and some are just shitcoins. Each value also depends on the developer of the coin and the community supporting it.

Often altcoins are all about generating a huge amount of profit for the creator very fast. But among them we can find working well product with good team behind.

Because there are many teams wanna get profit when releasing the tokens. But I think that also creates the oppotunities for investors can invest in them and get profit

Blockchain technology is free to use, edit, reuse and re distribute so developers and organizations that knows how to use and run it can make their own cyrptocurrency network so that's why there are so many cyrptocurrencies and ICOs today because at the moment there are not regulated in order to launch another flavor of a coin.

That's right. running a blockchain today is very easy because the source-code is open source and it's freely to download, edit, use and distribute.
Bitcoin core, Ethereum geth, LiteCoin and other platforms are free to access so that's why technically all these technology can be operated by anyone. Another thing, there's no regulation on launching this blockchain that's why there are thousands of coins are now available and people can choose which one is better than the others.

Because they all want get a profit,  and they organize a lot of ICO on the eth platform.
And they seen botcoin have been successful and have recognized it all over the world

Running a Blockchain network is actually easy but what's more complicated is when running a [Suspicious link removed]pany that there are already too many coins that exist today, thousands of them are already exist and already circulated so this will make confusions to people and some of them are the victims of some scam ICOs.

All people want to get profit at any legal cost so that's why there's a lot of investors today that are willing to pay more just to invest tokens and expect someday it will give them back good profits in return.
But some of the geeks and developers are turning into Blockchain because this will give them fast income and good money when they make their own cryptocurrency network so that's why there are too many coins today.

in fact many altcoins are inspired by bitcoin, altcoin arises because they are an alternative investment choice besides bitcoin, and altcoin also has advantages and disadvantages. so we are benefited because many investment options besides bitcoin

Each altcoin has a uniqueness. Usually they are made by a team called developers, altcoin is now arguably a valuable thing because of the ever-increasing price and improved public response to altcoin. Maybe we can call the dollar as bitcoin and yen, rupees, pounds sterling as altcoin. That is a normal number and we also recognize that the real currency in the world also often experiences movement. Nowadays a lot of popping up a project, I think this can be said as an ICO manufacture, it will try to continue to bring investors in order to run the development of altcoin. Meanwhile I think bitcoin already has a different path. Until now bitcoin is still appreciated and I think everyone is familiar with bitcoin.

Everyone's trying to make money from crypto world and one of the easiest way of making money is having and ico and having your own coin.

Every coin ( altcoin ) have their own unique and that's why supply and demand created. Nothing too worry about number of altcoin but how we take the right coin to replace our money is important. As long their pattern still follow bitcoin, I'll create some opportunity by doing some trade/ invest with it. Just keep follow the trend and always update crypto news.

the amount of altcoin I think does not matter as long as you can see the benefits of the coin.
so it's not just one option you have but more than a thousand to receive huge profits.
it all depends on your own research.

Most of the altcoins are just a simple copy from bitcoin or maybe also dash coin. But there are also some good coins have innovation inside.

Why so many altcoins....?

Huuuuum let me guess ? Money to be made perhaps....:-)
(but some really good projects too !)

Certainly, we see many copies and frauds, abandonment of dreams and projects. This is one of the reasons for having a lot of coin, another is also the strong growth of ideas and investments.

Some people want to create serious coins.
Others copy their work and want to get bitcoin out of it, some of these guys make a lot of coins and dump them all.

This is the market. This all is said. Competition, everyone is looking for his piece of land under the sun. In the world there are hundreds of smart people, and they want to make their own product, issue their coins, do their own business.

So that you have many options to choose from. And its like goods or products, you can choose the best altcoin for your daily transaction or needs. As far as I know, bitcoin is the first of them all then everyone follows.

All digital currencies are called cryptocurreny..Yep, Every altcoins are vary to one to one..

For example,that varying on their price, their trademark and their name, trading technique. So many coins are created for competitive, Because it is competition world. Some coins are junk and some alts are scam..

Noway our thinking is bitcoin is the only best crypto coin and others are consider as alts.All are cryptos, it only developed by how many users are used and it based on its price also..

The market world is a big competition. There are a lot of competitors that you can choose from. Each one will offer you a unique and great service that is really different from others. So it is up to you which altcoin you choose. But remember to choose the altcoin that can serve your best needs and has the credibility.

the market will chose the best compagnies that will perform in the futur blockchain , the rest will be fast gone

Its all about business. There are lots of different projects here that offer different items and services and we can only avail them by some specified currency. And these groups of people created their own altcoins for us to purchase their services or items. That's why there are lots of altcoin in the market.

It's a good theme for discuss. I think the reason from your question "Why so many altcoin" maybe because the price of bitcoin very expensive, so the investor and developer make a new innovations token alternative for miners and traders can do this again as a substitute for bitcoin. And their are believe if altcoin (alternative coin) as soon as possible can be rival of bitcoin, but next times.

It all comes down to our evolutionary history and this little state/goal cognitive architecture which compels us to act in ways which meet our needs.
That is, people want money to meet their needs.  Work sucks for the most part.  There is a quick buck to be made in the coin game.

of course altcoins for me is very interesting where every altcoins have different each, there are for making online payment there are also altcoins who have kredit card system, for me it is very interesting and Cryptocurrency world become more beautiful with the presence of new altcoins  :D

Perhaps the reason why so much altcoin is due to the increasingly crowded crypto competition. each altcoin competes with each other to attract its enthusiasts by offering ease in transactions, security and high prices. If altcoin has it all it would be more and more interested enthusiasts. And there is only one altcoin at the moment that makes us all surprised by the rising price. altcoin is ethereum.

altcoins are created by many, and used some in ICO campaign. But each of them are unique with different features on market cap.  Each of them have different strategies offers during investments to all investors.

 Most are not coins. Example top 10: BTC, LTC and Monero are coins. Rest is either some hyperinflated tech or forked premined/instamined scams (just my opinion)   There is a lot of crypto noise. You will have to learn to filter.

because people want to be involved in this technology and try to create something better and different...so there are so many coins

Because it is fashionable, it attracts attention and therefore each project who at least understands a little, trying to make their ICO. But for this you need to release their tokens. Really technologically useful coin not so much

The reason that there are too many altcoins is that, every altcoins serves a different purpose than others. Some altcoins can be used to buy products and services, some are use for transactions, some altcoins are for betting and gaming. To answer your question yes they have something unique about them. Also one reason that there are so many altcoins is because of competition, every altcoin wants to surpass other altcoins so developers keep on creating altcoins better than other altcoins in terms of service, security and high prices.

they've seen many people who benefit from alt-coin and want to also enjoy it so they also issued altcoin for sale

Each altcoin backs a different project, there are as many projects as blockchain developers, fintech entrepreneurs and enthusiasts

because of innovation and open source :)

Even though they serve different purposes some just share the same agenda and that is to earn money. I often see these "the first" phrases whenever i see them on fb or on there own site. Although it takes time before they are completely released, not all of these altcoins were released on the market. Some may have been released but it is forgetting because it is not daily updated by their own devs.

Atlcoins are made to be stakes on projects or to work as bitcoin clon,  any person can crewate their own coin with these based smart contracts.

The beginning of altcoin is bitcoin so The altcoins are Son of bitcoin but there is so many altcoins why? Because Every Altcoins have there purpose and different projects so thats why so many altcoins.

in the bitcoin many use altcoin because someone had found a solution other than btc coins that can be used for transactions and retains the value of value. altcoin are the means of payment of every company is different and can be referred to as the code of the payment of any projects that are running. doing so will facilitate you to checks in collection coins as you can.
 

In the world of crypto currency it is not a new thing to know that there are so many altcoins, each altcoin has different objectives or goal of it's project, so every time a new coin appears it has also an explanation what will be the purpose. Basically, why this happens all the time because the idea of crypto currency is worldwide.

The digital money market is growing, as it increases the volume of Altcoin, which makes the market more plentiful and potential. In addition, it gives investors more choices in investing. On the other hand, massively and uncontrollably, more and more garbage is appearing. It is a loss of need in the market, many are deceived and lost everything

If you are a researcher, you will have the anwser. As you can see, there are many issues in the economy which can solved based on Blockchain technonoly. Therefore, there are hundreds ICO projects to be introduced. You can choose some of them to invest.

In my personal information, a lot of altcoins are being launch or created because of its finest gratitude of earning profits via investing on them and so a lot of people want to create their own coins/ICO's to be one of them. For them they just need to have skills and knowledge to create a successful one. On the other hand, people who wants to earn extra profit invest in this ICO's, so its a win win to both of them.