Bitcoin Forum

What will crypto space look like if all the coins we have now is just 20 pieces? And that is it, no thousands or hundreds allow, I wonder how profitable they will be because there will be badass huge volume and huge investors too, I think crypto problem is the quantity of coins we have

The market cap will be concentrating on those 20 coins. This is just my prediction only but remember if that will not enough if we have only 20 coins. As far as i know, if each coin to be used as a tokenization for its platform. I think if we are only seeing a small amount of coins and we will not have a huge community.

Large quantities of coins doesn't mean we have huge community, upon thousands of coins in crypto space all we have is deceits and betrayals from new projects, the fact is we have too many and it's not helping but ruining trusts in crypto space

I really hoped for limited coins in crypto space, if this happens there will be limited room for scammers and there will be better trust, even projects will have unlimited trading volumes and every investors will be happy, I don't see reason for having thousands of coins where as 90% of these coins are rubbish projects

The average that becomes a junk coin is a new project in which they could not maintain in the crypto space, it had already happened years before and even today there are still thousands of coins available when only 20% is used by investors for trading and investment.
Hope that in the future the crypto space will be better and many new projects will become better mixtures.

You mean because of the long list of crypto currencies out there?
I have tried to have that kind of though before.
Not having much competition in the market.

There is only one bad thing about it.
It cannot prove how good another is if there is not much of a competition. That is why Bitcoin and Ethereum is still on the top.
It has been proven that they are difficult to reach in terms of feature and popularity.

If the crypto market only had 20 coins, crypto would not be as popular now. I only compared it to a minimarket that only has 20 products traded, can the minimarket grow and become popular? No, that is what I think and all the altcoins circulating in the market now compete with each other to grow and become the best. This competition will have a positive impact on market capitalization.

Based on the data I got on the coinmarketcap website, we currently have 5281 (https://coinmarketcap.com/all/views/all/) types of cryptocurrency in circulation and have a role in market capitalization. Investors, traders can choose the cryptocurrency that they like and when the amount is limited to tens, I am sure cryptocurrency is not as popular now.

Every one want to make thier own crypto just for money. If we only have a few coins then devide all coins marketcap to 20 then you will have idea how much is the price of 20 coins by now.
They are creating other crypto currency for one reasons its because they want to create a coin that much more usable compare to btc they offer something that bitcoin dont have, but actually dont help in crypto space in terms of adoption.

Market cap for each coin will be huge and you can also think what crypto will look like if there's no altcoin and it's just bitcoin. Everyone will invest to bitcoin and keep it for sure.
We don't actually need a lot of coins, let's wish that few years from now many altcoins will be gone and the best will remain.

It would obviously concentrate all the money in those 20 coins and their price would raise a lot. However I don't think it would be better for crypto market in general, we need new ideas and new competition because the space is constantly evolving even thought what we have right now is pretty ridiculous, more than 5000 coins is crazy and is impossible to keep up with the constant updates, and most of them are get rich schemes and have no intrinsic value.

There will be scarcity and price will stabilized if we have few tokens in the market. Its best if the tokens can be less than 100 Bitcoin can be used to make payments for other projects instead of own tokens.

The market is pretty much like that right now.

The vast majority of market value is concentrated in the top 10 cryptocurrencies, everything from number 11 downwards combined contributes less than 20% of the total market.

Because of this, even if numbers 21 through X were deleted from existence, it is unlikely the remaining cryptocurrencies would suddenly grow by a huge amount.

Don't let it shock you that if in reality there are only 20 tokens today in crypto currency 80% will still be shit.
and the few stand out tokens will continue to share the big volumes and investors, while the rest battle with pump and dumps until they fade away.

What we experience today in thousands of tokens, what exactly what was experienced in the early days of crypto currency, the only difference i notice, is that investors has wisened up.

this is a very complicated issue, there are many altcoins that have no purpose at all. So here comes the question of quality and what really makes people invest in altcoins. we cannot prohibit people from doing what they want with their money, what we can do Is be patient so that one day this market will be very competitive and only good altcoins will survive. I believe that 5 years from now many altcoins will not survive

This will be very funny and it means there is not future for any such project that does such. One of the purpose of creating a token is to get alot if people to partner and approve their r good works

Limiting the number of cryptocurrencies is a shit idea. We either go fully decentralized or I'd rather stick with fiat. Although there are so many shitcoins out there, we have to remember we are all free to do anything we like on here. I don't support scams and shitcoins, but you can't limit the idea of freedom.

If there were only 20 coins out there, the prices would probably look way more stable and we'd have no more pumps and dumps. I believe there's going to be a day when shitcoins will disappear off CMC and exchanges and only the legit and strong ones will survive. Time will tell.

Yes i absolutely agree with you only those alt's will survive that have good and working product with active development team. If you see the ico stats (https://icodrops.com/ico-stats/) many of the projects are dead.  And talking about limiting the coins to 20 is not practical like in every day life we see same product available from many different manufactures.  So if there is demand someone will eventually supply that ..

This is really true, less number of coins means that there will be enough competition among these coins which will cause the team to keep working hard so as to be relevant thus leading to more volume and more investors just like you pointed out. Yes, one of the problems of crypto is the quantity of coins in which many where created and used as a means to scam, some for pump and dump; of which we have seen many of them. Also, from the thousands of coins out there in the crypto space only a lesser few actually knows what it means to be in crypto and such coins are the ones constantly growing and attracting more users.

That's right, diversity will create positive competition in the cryptocurrency ecosystem. Each developer will try to offer the best service and innovation in order to meet the needs of consumers. These diverse needs provide a good opportunity to be used as the basis for making unique innovations, so it is normal for many cryptocurrencies to develop to date.

I also agree things probably wouldn't change much. I see and have seen people invest in newer coins, especially around 2017, but there's much less of those people than the majority that just trades the few large-cap coins like Bitcoin and Ethereum. I still think it'd be horrible if there were only 20 coins being traded, though, because the Top X coins change all the time, for better and for worse, and innovations come with these newer coins. Just take a look at the screenshots on Coinmarketcap from years back.

In a simple and direct answer, it will be a highly attractive and valued space which everyone who aims to be part of the future of a great Industry can't afford to miss. But nowadays, scammers and worthless coins has changed everything.
Of a truth, if the crypto space is to have such number of coins although it might not be that particular number but a far lesser number than what we have today it would be a wonderful thing because there are chances we will be seeing top-notch projects each fighting to come up with developments that will make them worthy of investing. Although there will still be scammers etc but won't be as much as it is today.

If the number of coins is only 20, the crypto will not be as famous now and is limited to a few parties. Like when cryptocurrency was first created. There was only a very small number of altcoins at the time. And apparently, crypto is not popular, limited to only a few people.
A large number of coins may be a sign that crypto is very popular and booming in various circles. However, that is one thing that also makes lots of coins worthless. So, more or fewer coins certainly have their advantages and disadvantages.

I think the main concern, in this case, should be the centralization caused by if those coins are not truly decentralized and it can be manipulated by all of them. We can see even with these huge quantities of the existing coins in the market and there was a lot of centralized coins

there is also a positive side if the number of coins that eventually becomes small. because investors can invest in just a few coins, and so the volume, market cap, and price may be pumped quickly. but is it effective? it still needs to be proven, investors don't necessarily want to invest if there are only a few choices in the market. but I think it can be seen from the history of bitcoin which at that time was only 1 coin, then many altcoins appeared, and precisely since the emergence of the many altcoins the bitcoin price could have pumped to the highest price. but the number of 20 pieces I think is enough, because when viewed from the list of crypto on coinmarketcap from number 1 to 20 is a crypto with great potential.

In my opinion it is very unlikely to happen, but if only 20 units would be very competitive and prices would be more stable. But to realize it, strict regulations are definitely needed and Crypto becomes less attractive

If that thing will happen, then people will surely be focusing more into those number of remaining coins in the market because the number is not the validity on the market. What matters most after all is the quality of the coins to become valuable. If that scenario will happen, then people will no longer be confused or be having a hard time to seek or look into the numerous variety of coins in the market. It will be an easy option to choose among the remaining coins in the market. It will not be too bad if that thing will happen as long as those coins that will remain will be the best of the best or meaning only those top valuable and potential coins will remain in the market. We do not need hundreds or thousands of coins that share the same features. What we need are coins that is versatile that can be useful in any manner which makes it a worthy and valuable coin. If that so will happen, then for sure crypto space will not be crowded with too many coins in the market.

There will be a very strict competition and the price will worth a lot of money that makes not so many people can reach that price. A small cap for total coins are good but in my opinion, the community will be totally centralized. I guess if the result will be the same as the current market when those communities are supporting their own coins.

depending on the coin, if it has an effect or impact on the economy the price will go up and not have much effect on the supply.
even though a lot of supply won't have much effect on its value.

We are quite aware that many of these altcoins are not decentralized which makes others think that it's not a good reason to invest in altcoins.
That is the reason which makes them sure that bitcoin is the best and it's not that centralized like those altcoins. The beauty of the market will be seen if we only have a few altcoins.

it is clear that there will be no more fierce competition and everyone will take the coin seriously, without knowing if it will be good going forward, because there will be only 20 coins and nothing more.
I think it will be ineffective in the long run.whenever there should be more development.

Am not seeing what you are currently seeing though because the possibility of the entire cryptospace to be granded to 20 pieces will not be realise as cryptocurrency mean decentralization. Basically the problem of the market today is much of the manipulation between the sincerity of the holders and that of the whales. Whales actually contributed to the hell we're are all facing this time and not because of thousands of coins in the cryptocurrency space.

If they are to be only 20 pieces, the market will be more manipulative than what we have been seeing this days.

Exactly what you were told from the beginning, this time is call TEST OF TIME and am convinced that crypto will fall back on track after this little trial that's why crypto is different from fiat

This is a tough question but Crypto space will definitely look good with time, it's true we have had couple if challenges regarding market and also had issues with scammers but I am certain Crypto space will definitely look so amazing very soon. Let's keep pushing and be positive as things will turn out good. Bitcoin halving should also improve the market

Hopefully 5-10 years from now, crypto space will be composed only of potential altcoins and bitcoin that will definitely survive in the market. Many dead altcoins will now be gone already and those scammers cannot enter the crypto market anymore. Crypto community will not be as huge as today but in this way, we can be more comfortable of our crypto coins and despite of its volatility, we can still be profitable once these crypto coins start to pump.

It will be more special if cryptocurrency consists only of 20 coins. The investors will just focusing on these 20 coins thus making the market more valuable. Since there are lots of coins as of now that are useless in crypto community, hundreds of them were left behind. Then we can say that top coins in coinmarketcap were just the ones patronized by majority of investors.

The problem is sometimes people don't know what is being tested at the moment, so that gives birth to a different understanding of each person, and if I may know what is being tested at this time, friend?

the price could pump too much especially btc because people cant diversify too much and will foccus more on it .   the price of 1 btc could be 30k now or more  .

im not going to be exage here because you said there are still other coins and not just btc.  we need alts because they can provide other useful service that arent really good when we use our btc's  . the problem is not also on the quantity but we must consider the quality too  . 

If only 20 coins or tokens are traded on exchangers or registered, I think investors have no alternative in investing and there is a chance of price manipulation. Although at this time price manipulation can occur, but with only a few coins traded, investors will find it difficult to maneuver to make profits

We keep seeing new coins almost every day but non is capable of beating Bitcoin and Ethereum, why new coins? I asked myself, it seems we won't be needing any new use case from any coin or token anymore, new coins are the reason why crypto is been called scam

If the coins traded on the crypto market were only 20 coins or tokens, I think the value of the existing marketcap would not be this big. We know that many coins still have a marketcap value even though the daily transactions that occur are quite low. But on the other hand, coins in the market must be good quality coins that are used as long-term investments

For what have a lot of coins if it is just a collection in the wallet, and like garbage that is useless, I think if the crypto space will limit the coins that we can indeed invest and cover the space for this scamer coin will be very interesting to Developments for the future, and now we can see a lot of garbage coins that appear so that it becomes a problem for US investors.

Because every people who joined every team wants to make money from crypto, so that makes them create new coins or token, the new project will difficult to compete with bitcoin and ethereum because bitcoin is the leader in the crypto world. But that new project can compete with the other project which has almost the same function as the others. But we don't know which project will be a scam because every project will say that their project will be better than the other project.

Crypto space will be looks like this, and if there is a change in the crypto space, I think that will be the new interface, but the idea will almost the same as the previous projects. But we don't know what will the crypto space looks like in the future, and we need to follow the crypto space journey so we can understand what will happen in the future.

If this market only had 20 altcoins, all of them would focus on them, the price would probably go up very high but it would be very difficult for you to profit when investing in it. The current market will be much better because we have many options and can diversify investments

Although this will look good but it comes with its own issues or limitations; first there will be high volume which is good but it will be less accessible to most people that is to say, only huge investors with deep pockets will participate more thus defeating the idea of crypto space which is to accommodate all and aim for mass adoption. And with this number of coins it won't still mean that there won't be bad projects just that the rate at which they are brought up will be low.

You should understand not all of coins are scam. The majority of the new coins used to be tokenization and that has the same meant as asset or stock. The new coin without any purse has already made crypto can be called as a scam but this is not totally true. You should make the differences between how it's possible.

There will be enough volume, trust and stronger community, new projects aren't solving anything and I'm tired of trusting new projects, it's better we should stick with old coins, im sure there will always be future updates for old project than the new projects

I can't see any marketplace have a few projects or product. In every single marketplace have competitors. So quantity of coins is not a problem for crypto currency although it's proofs that how much people connecting with crypto currency everyday. Mainly crypto currency is based of decentralize so any people can start their project with their idea. But the truth is those project will be stand always which are reliable and understand about crypto currency. And those are always be dead which are try to people scam and try to make full their own bag.

I think if that would be case even then the value would have defined by smaller units like in decimals the same model that we have for bitcoin and smallest unit is called satoshi. You will see when bitcoin will become very expensive we will start observing the price per satoshi rather than bitcoin and people will want to have more and more satoshi as purchasing one whole btc will not remain affordable for many.

It is all about total marketcap and quality. Quantity or the more altcoins don't indicate the profitability in trading, in other words, the smart trader can make in both versions of the suggested altcoin list.

You are trying to say, 20 of each coin only? Then, yeah, the prices are going to be really high. Like really really high. But wait a minute, it can also be valueless. It all depends on the demand. If crypto currencies survive and people still use it, then the prices are going to be really high. Only billionaires would be able to hold one whole coin. This is because of scarcity. The demand would be more than the amount available. People would be using very small fractions of coins.
Not sure in which of the cases you are talking about the profit.

The majority of the new projects come with the improvement from the old protocol. They are only adding more features to the existing code. Old coins are not having strong fundamental in term of usability but it has a very good reputation that must be a very good thing to be used by us as the reasons to invest in the major coins.

if in the cryoptoqurrency industry only has 20 coins that can be traded then this coin has a high sale value. if you look at it from such a perspective it can certainly increase coin adoption and it will be very profitable for investment for those who have coins in between.

That would result to higher prices of coins but that is quite impossible. Quantity isnt the problem, its the quality. Most coins and tokens on the market have variety of size and of value. If the market will be reduced to 20, then expect a growth but of course, the market will not be result to that, since most will complained and this is impossible to happen on a decentralized space.

I cannot imagine what will happen with the market if the coin only has 20 coins that can be traded. But perhaps, we will see what was happening with bitcoin when bitcoin entered the market for the first time. The price itself will not be too high as we expected because the coin is not too many, and we can try to buy all of the coins. But the adoption will still continue especially from that 20 coins can spreads in out there so people can know and they will try to trade all of the coins. Soon, the market will grow as what we see now, and we also see the list will become bigger, and that 20 coins will have a high price at the market.

Less option for investors with less capital to put into the market. They'd be much getting into the penny stocks than in crypto market with just 20 options with high value and high risk involve. Whales can manipulate it easy with over thousands of coins, I have ono idea what will happen to the 20.

Its not that hard to create a coin so its definitely not goint to stay 5000 crypto assets but it will be more than 50K becuase anyone can create one, its opensource.

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Yes, many coins out there have definitely brought less liquidity in crypto which isn't needed, liquidity is highly needed in cryto and without this potential coins won't be able to moon due to scams projects which so many investors had faced. Without investors market won't go well and once Investors are being scammed discouragement will come in. Let's promote and accept only potential projects and reduce many coins without future from entering the market