Bitcoin Forum

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

Well depends on your view, but it is good in the sense we can find the best projects through sheer willingness to see every project to fruition. But it is bad in the sense the saturation of the market will dilute the value of each currency, naturally. As in general in life it usually isn't one way or the other but a little bit of good and bad here.

This is obviously a bad news for the market, because a growing number of tokens is useless, so the value of these tokens exist just hype, so I don't think these tokens, and makes money more and more diversification.

If most of the proejcts are crap and in this bear market then yes is not good because whatever the crappy projects raise in ETH they just dump for fiat, driving the price of eth down and we get useless tokens that don't even reach an exchange, so all they are doing basically is dumpign eth on a large scale, so can't be good really. Only decent projects that grow are good for our crypto economy during a bear market and a bull run.

 I think increasing the number of altcoins in the market is not actually bad because it is helping to increase liquidity in the market. These altcoins are emanating from different ICO projects with different utility so they don't have negative effects on the market. It also help to break the monopoly of the market.

Quantity does not matter, what matters is quality, we would be better off having 10 fantastic projects than 1000 mediocre projects. Many projects leads to good competition but it can also lead to a market which is less attractive for investors because they have to pick their way through all the crap projects.

We really need them in order to define what's best. There are so many altcoins that believing they will survive but the reality couldn't denied. There are altcoins won't survive because of decline value and not good enough product in the market.

its good. always competition is much better for future. but only 10% of them will survive in long term. because some projects fail to work on roadmap and other reasons. so we have to do more research before investing there

Yes good.There is new altcoin because i have stop in crypto.

we know that there are many alt coins now , but its depend on your view if it is good or bad. but for me its balance. we can say its good because we can invest to it with a little amount of price and then earn. and its bad when you invested it and hodl and it will scam just like  other altcoin that already existed in the market and in the end theyve got delisted because they dont have any value.

Its either good or bad for me, its good because we can see how people are utilizing blockchain inorder to create new ideas that will be useful in the future and it became bad when an altcoin is just created with no useful usage and just for pump and dump a shitcoin made by developers to become millionaire itself. 

 
Competition in the market is always useful for its development because to stay in the market a project needs to be good enough this means that good projects will develop under market pressure it will push the entire crypto market up in price and as projects .

Competition is good to an extent, as long as it's good competition. A bunch of crappy scammy ICOs won't contribute in anyway in terms of competition and will drag down the reputation of all the other altcoins.

Look how many real companies are on the world. There is still place for new altcoins, but useful altcoins with real use!

It is very bad if we get more and more shit coins around here. The reasons is that they will attract novice investors and some trading one to invest into them heavily and may scam later on if they are meant for that purpose. This way it becomes threatening for the well established currencies like those in Top 100. The market cap is diverted to different coins which may or may not have utility purposes and thus everything goes in vain. I guess this is why it is bad stuff if we keep getting more and more crypto currencies around here.

The emergence of new altcoins is a very important phenomenon. They create competition in the cryptocurrency market. Each altcoin offers new opportunities. The final consumer always benefits from competition. There is only one advice not to invest in questionable projects.

I think that it depends on the quality of the atcoin. But the problem is there are more scam altcoin out there so it's absolutely bad for the space. People who are scammed with those  will have a bad experience and they might hate or tell the poeple they know the experience they had with crypto.

it is more like inevitable than anything else!

when you create some shitcoin you are creating money for yourself. and when it is very easy to do so and you can make a lot of money out of it sometimes, there is nothing stopping you from doing it. these days with ICOs things got way easier!!!

do we need them? obviously not
are they contributing to anything? not at all
are the damaging? of course. they have filled the market and took the top ranks everywhere with their pumps.

Increase in number of choices is never bad. Though people may argue a smaller number would have better growth. But that type of growth would not be sustainable and would be a sort of syndicate to limit the options.
One of the features of crypotcoin are decentralization, no central body to control it.

I can see the same picture of it though. It is really inevitable, besides because of its decentralization nobody would stop you from doing it. I have heard also some of people or traders that are making money outnof shit coins, at first i really didn't believe them but once i saw how is being done and the worst is that it is very risky, i just ignored it and think another way of earning.

Good if the projects of New Altcoins have a fresh concept and continues to be developed. Bad if their project just copies another project concept with little development or their project has no progress.

but unfortunately, most new Altcoins that appear on the market are Shitcoins even some project teams can't fulfill their promise, many project teams are doing a smooth scam to their investors and enjoying project funds to enrich themselves. scammers may swap the project funds to FIAT and this will be bad for Crypto market

Yes, I agree with you. I think that before 2020, many coins will disappear. Quality is the most important thing. Many coins now want to come in and make money, but I think many projects are not good and the market may need a better period of growth.

Yes, I'm sure we will experience something similar to the dotcom market whereby a huge amount of the companies that were around in the early years and raised huge amounts will disappear. Then we will be left with a select few dominant coins. Crypto has been too cash rich lately and that's why bad projects have been able to thrive.

More competitions is not bad. Blockchain can be adopted to every field, so more altcoins will be created, and bring benefits to investors and companies.

well, because there is a large selection of good companies, many take off, but it's bad because there are so many weak projects on which you can lose a lot

Majority of these altcoins are going down soon. The problem is that a lot of altcoins have projects that have been set up only to gain more and more money. Those will surely go down in the future

There is such an idea that the alcoin will be exchanged for that crypto currency, on whose blockbuster they are issued. For example, ATL (Atlant on ETH, and THEKEY on NEO.

I think that now there are a lot of altcoyins and every day their number grows. Most of ICO and altcoyins do not need a   at all. These are the usual bonus programs and they could exist without a blockchain of technology.

in my opinion, the new altcoin could have an adverse effect on crypto, as many current altcoins have no potential, such as ico. there is so much fraud, and the altcoin we get from ico is just rubbish, and has a very cheap price, plus airdrop is also very much, thus making all traders and investors begin to doubt with it all.

I don't know if it is good or bad the market with these increasing number of altcoins, but I'm sure most of them are just temporary coin it will zero value soon we should careful what we invest these new altcoins.

Hello, I think it's bad, because it's hard for newcomers to understand all this diversity. Too many altcoins distract attention from really good projects.

I think we don't really need most altcoins. There are good projects that have decided to create a coin, but in fact they do not need it. More often I perceive this phenomenon as company shares.

Eventually it is both good and bad it depends how we look into them. Most of technologies are created because of then ico and its really exciting while by taking this ico's and other coins we didn't know how safe it is and what are their real intentions of doing this technologies if its for good or bad we will going to know it when it was all working.

It is good and bad at the same time. The good thing is altcoin can gives a lot of chance to us to invest and make money from investment but on the other hand it makes us litlle bit confused for new comer to invest because there are a lot of altcoin and we also afraid about the scam.

That's why the majority of newcomers must have learned more about the cryptocurrency. I have seen so many times the newcomers have been creating so many complaints about how complicated to choose the promising project. But this time the promising project is very rare. So many altcoin make everyone feeling confuse.

actually not, but it is very difficult to avoid the birth of a new altcoin, this is because no regulation can be a legal umbrella. there are lots of useless altcoins altogether, and only a few have the quality and the technology.

Altcoins are just like some time bombs. You can't predict when they will die. Their prices are manipulated by people. They may rise several times in one day, or they may be worthless after a few days.It is undeniable that many people just like this gambling game.

today there are many altcoins in the market, only a few have good developments and props. the rest are just altcoins that do not meet the standards, tend to developers just want to make quick money in the crypto industry.

The introduction of too much altcoins can generate an slow on the growth of the primary players like Bitcoin and  Ethereum which in turn could slow overall market growth and acceptance, plus, too many altcoins create alot of confusion while investing, because there's too many options.

Most probably it is good thing only if the projects that are forming these coins are perfect enough. I mean its all about the project really and not the coin. Coins are just symbols for them and way of investing into them with the share holder pass.

They can bring more volume into the total market cap if they are strong enough. However if any project is too good then it can show off the other crypto coins as it will gain more investors than them. But still over all it looks good to me.

your point of view is very true on the situation and i totally agree with you  actually its  very bad now days many shit projects coming out there and they raise money forget about there investors.

Actually it's not really increasing, every day there are always dead coins or coins that delete from the market.
People are compete each other to make the best coins that can last longer in the market.

I completely agree with this one. Competition makes them think even more brilliant ideas like never before. All we need to do is pick those serious start-up that will likely a kick-starter to mass adoption. When crypto will have no more boundaries in our daily lives, then no reason for cryptocurrency not to perform well.

I think it's one of the great things about the development of cryto currency, so there will be many aspects that use cryto currency as a medium of exchange. with that then gradually, all countries in the world will adopt blockchain technology and will continue to develop the technology so optimally. and I'm sure that, all the price of crypto currencies will go up

Almost all small altcoins solve a specific problem and are at all ERC-20 tokens,and not coins with their own blockchains,so there are not so many of them.

Altcoin at increase will not give a good new to this industry rather than bad news at any new coin in existence. There are seriously too many Altcoins there that have be dump and others never reach any exchange market which is the baddest news for crypto industry or in general baddest news to Ethereum. How i wish it can be control by the king of all cryptos ie BITCOIN but i never think it will happen, just too bad..... too many Altcoins.....too many dumping...  

I think it's mostly bad because , there is too much of them and because there's so many scams, these two factors combined generate that the market stays flooded with altcoins which will increase the risks while investing

In my opinion, having many altcoins is a good thing for the crypto community. Because, having a wide variety of coins existing in the market gives us a lot of options where to invest our money. And as the famous saying in the crypto community, "Don't put all your eggs in one basket." Meaning, the more coins there are in the market, the more we can diversify our investments.

However, if that coins get TOO many, it will be a bad thing. Because, there are lots of coins out there that doesn't really that much real-world usage. Or, shitcoins. And as these coins are crowded and stranded in the "listing" phase, even the good coins are having a hard time listing on an exchange because of too much coins in line.

What is the normal number of coins for a portfolio? What percentage should be in the BTC and ETH and how many in the rest?

The good thing about having more cryptocurrency is competition. The more coins competing, the more quality features they offer. Most of the cryptocurrency today has their own field of application. The more choices you have the easier the transaction. I have no idea about the bad side of having more cryptocurrency for I am not an expert in this field nor have any idea for this complex matter. In my honest opinion, too many is not good for the market. But how much is too many, that is the question.

It's not just a competition we will have a new world oder that will definitely adopt the technology itself cryptocurrency will be on media all over.. People hate it or not they will just adopt the digital assets itself so increasing alot of altcoins is good for me it helps to solve the problem of blockchain and price increase of bitcoin.

its is good its will just increase the acceptability of cryptocurrency and it shows how useful blockchain and cryptocurrency are.

I understand that we don't need most of these altcoins. But also market shows that anyone with good idea and supporters can collect money and develop products. So for person who has problem with money, it is really good opportunity.

To my mind, the increasing quantity of coins means the developing of crypto technologies due to increasing competition between the projects, which is a good thing for the society.

The increasing numbers of alts is Good to the exchanges and for the hunters, but it is bad for the investors, because the upcoming alts would be trending in various ways and the investors had already bough the alts what he choose and so he will not get the profit what he want because all the focuses of the investors in on the alts that are new.

Increasing numbers of altcoins is totally good for me remember that we have alot of companies out there that haven't adopt blockchain but i'm sure they will adopt it not for themselves but the government's will. We are on the 2nd phase of adopting so we will see a trillion marketcap that's eventually size of an internet bubble- along with that ICO's could bring up a good money in the space.

There's nothing wrong with that, but nothing good either. You can easily get lost in this dark forest, but the diversity will not hurt anyone. And the regulation of cryptocurrencies will lead to their centralization.

The problem is not really in the number of coins but in the quality of those coins. Coin market cap can have 5000 coins listed but they should be quality coins, not some shits that will eventually  be deposited.

It's like to ask the same about stocks.
I would say that it's actually for good.
Most money will be invested in those projects, thus driving the global economy to the Moon! :D

I think we always need new altcoins on the markets, but just the innovative and eligible ones. I hope the people who have really original ideas will work harder in the future to make better projects in crypto world.

Strong competition is good in Crypto but  for a new investor it  can be confusing to decide amongst near to 1600 coins.
For those who are wiling to dedicate their time  for research and to find the high potential coins,  it is not a problem.

We actually indigence them in structure to characterize what's better. There are so several altcoins that affirming they inclination live on nevertheless the reality couldn't denied.

I think that the increase in the number of altcoyins in the market of crypto-currencies, it is generally good. The variety of coins is good for creating competition between them and therefore will stimulate their improvement. The fact that among the good coins and tokens there are a lot of useless, then the market useless coins vseravno reject. As a result, only necessary and useful will remain.

Increasing the number of alts in crypto can be both a benefit and a down because more alts can mean more volune.

it is a bad thing for the market as a whole but not for individual projects.
it is bad because a lot of coins means a lot of shitcoins because there is no way you can create 1000 altcoin in a couple of months and all of them be good. and we have seen so far that this is true.

but an individual project that is already good (for example Bitcoin, Byteball,...) they don't care whether there is only one other altcoin or 1000000 altcoins out there. if they are really good then they will be adopted and grow in the long run and the shitcoins will grow in the short run.

at some point, it was necessary to have more at the moment when the crypto currency only appeared to give a person the illusion of choice and independence. but now many coins unfortunately after the fall of the never and not will grow

Now it's the same as it was at the time of the startup boom. Everyone wants his project and it does not matter that it is far from being the first in this field. Of course, this is all natural, but in general this is not very positive. This is not rational if evaluate from the point of view of the use of human resources and the final result. But nevertheless we are gradually optimizing.

It is good for the market, they help in growing crypto adopton generaly,each project appeals to a different class of investors or ecosystem. The good ones will draw more persons to the market while the weak ones are delisted over time. The competition is good

Increase the number of coin is alway good. You will earn more profit when the market uptrend. Do you know 'cut loss'? Cut lot is one type of 'increase the number of coin': you sell coin at the price ( lower than the price you buy before) and buy them at the lower price to increase the number of coin.
With this action, you will earn more profit when you sell this coin

It's just simply how the market is. There's so many that it likely doesn't effect anything because there is just an ocean to drown in. Maybe somebody will single out a droplet in the ocean of altcoins and tokens and have a bad experience, but this is how it has been from the very start. There always was and always will be a ton of altcoins and there is nothing than can be done, or should be done.

it will not be bad, it will be good because more and more of their competitors will race to be the best. We can choose the best of the good

You can completely increase your allcoin stockpile, because the market is quite small growth potential in the coming years, and the reason is that now market downtrend is hard to get any chance to hold cheap all coin As you are now, you should need more all coins because to diversify the investment, avoid the concentrated investment

As for me, it's good in the next couple of years. The first is what you can earn. The second is that the projects are improving and when that just remains a certain percentage of necessary and quality altcoin. So now the principle is as it should be.

I think the uncontrolled increase of altcoins appearing everyday would be bad, because the bigger the number of cryptos out there the prices tend to drop, specially ethereum.

It seems to me that such a large-scale increase in the number of new altcoins on the market prevents the development of truly worthwhile projects. I believe that most coins are not competitive, so their further development is being questioned.

Totally Bad!

Its not really necessary for us to have lots of altcoins because if we do try to see on the current situation most of them are total crap or garbage or doesnt have any significance on why they do exist.Not only that which as an investor you would definitely have a hard time on selecting which coins should be chosen where the more the harder for us to invest.