Bitcoin Forum

The popularity of cryptocurrencies has seen exponential growth in the past few years. It all started with bitcoin, but now, there are over 18,000 cryptocurrencies in existence. This level of growth in such a short period is remarkable and has benefitted early adopters of the nascent industry.

The rise of cryptos has also attracted a plethora of investors, leading to even more innovations in the crypto industry. These innovations are now accelerating the acceptance of cryptocurrencies and other decentralised projects.

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Frankly, there is no growth, but spam. Growth refers to the new ideas that are being put forward in a market and most of the currencies you are talking about (18000 cryptocurrencies) are duplicate models of less than 20 cryptos with some lazy modifications.


Most of these coins are tokens that are created on Ethereum, BSC and other quick token development solutions that mainly aim to make developers rich.
As for the technical development of altcoin, it does not go beyond a few models, and the rest of the models try to repeat the idea.

Quantity alone isn't good way to measure growth, considering most token/cryptocurrency is copy/paste of more popular one.


What exactly do you mean by acceptance? Many people who own token/cryptocurrency only use it as investment. Additionally, i wonder how many of those project actually decentralized.

This.

Lots of them are useless and just made for testing, new crypto dev trying to build their first projects but most of them are just spam and made to scam only few have use case both real life and virtual

Don't make those new created tokens as a growth because some of them is just created to scam people and this is repetitive schemes made by scammers.

Crypto really attract investors since there's money involve here also there are so many influencer hype it that's why this one creates false hope of people that they became rich quickly on crypto.

Innovation seems to rise exponentially because most likely it is based on crypto technology available to build on.
More platforms offering more opportunities = more crypto technology is launched

Bitcoin is just a payments system, where you can't really build on and applications are really limited. Applications can be wallets but much more is just not necessary for Bitcoin.
Blockchain 2.0 enables much more applications and developers can select from a wide range of Blockchain 2.0 platforms to build on. Opportunity is growing exponentially currently, because it just is discovered what's possible to use Blockchain 2.0 for.
Especially, more cryptocurrencies means also more applications based on multiple cryptocurrencies, like multicoin wallets, swap platforms, analysis websites and similar.

OP will probably not read the further discussion here, it was not his primary goal to initiate a constructive discussion. just a simple promotion of his service on the .cc domain. Because of such meaningless and inflated texts, we have many naive people who want a part of juicy yields.
Because of many naive and greedy people, we have an expansion of duplicate idealess cryptocurrencies (if we may call them so) and a vicious circle is created.

Investors have learned and even there are various choices of projects they can invest with their money, they are now picky with which they're going to choose.
It's because of the recent fiasco with Terra's two projects and they won't just believe in on anyone who say that a project is good based on their opinion and even give them a list of it. Someday, the market will merge and will stomp all of those nonsense projects and will just have to focus with bitcoin and other top projects.

I tend to agree with this.

Even though the concept of the project has existed but still they're making hype on it just to become a well-known coin.
We have witnessed here different scam projects, a hyped coin that usually happened on meme coins.  Look at how many fork Bitcoin projects exist even though it was copied/pasted to the Bitcoin.

From what I've seen here that most people who have been a victim of this are those naive and greedy people.

Actually being a bitcoin copy-cat is not that bad as long they change other feature and have a better proposed use case not claim that its the real bitcoin or whatnot. Look LTC, although people will argue about LTC but people still using them for faster confirmation and cheap tx fee ~ most of the time.

We do have lots of coins/tokens in the market and we should really be careful and be aware on how scams and frauds do works because if not and making yourself having that FOMO
whenever you do see something new then most likely you would be losing big time here on crypto investment.Adoption and recognition is really moving and progressing
as years passing by but be careful on scams that do exist further because its no surprise that there would be people who do took advantage into those people
who do lack knowledge and being too greedy in the market.

OP, it would be nice, if you openly disclose that you are the website owner, when you are trying to promote your own website.
Your marketing approach is low quality. Your can't gather new visitors and customers with generic spam forum posts about "the exponential growth of the cryptocurrency industry, bla bla bla". Try to add value by writing more informative posts. Learn copywriting, tell a story in your posts.
What inspired you to create this website? How do you plan to grow this business?
Is this your own website? I wouldn't visit this website. It seems suspicious to me.
18 000 cryptocurrencies? Quantity doesn't mean quality. I would rather say 20 cryptocurrencies and 17980 dead shitcoins/shittokens. ;D

Juicy yields usually come followed by juicy token devaluation. For most altcoins, that is the only advantage or benefit they can offer to investors, because the currency actually doesn't bring any innovation or particular feature adopters could be interested in. But it doesn't matter, since all the yields received are in vain once the hype is gone and the token's price crashes.

It's much better to invest in bitcoin and earn regular yields that are considered low for many, although we can have the assurance to be investing in something that is solid and has passed the test of time.

Are you considering 18000 cryptocurrencies as a growth? I don't think so nor do I agree with that. 99% are just useless. Bitcoin and a few altcoins are potential on the market. A lot of scammers entered the market and create new tokens always. But yea, the overall crypto industry improved and grew. I didn't mean the quantity of the tokens, but the growth of Bitcoin and a few altcoins where institutional investors are more interested.

Saying that this industry has "grown" just because we have more cryptocurrencies is just like saying that the US Dollar is "rising" because more US Dollars are being printed.

He just wrongly see the growth for that aspect because the growing numbers of cryptocurrency happen because there are so many scammers keep creating new scam tokens and its not good to look at it as a growth because some of those tokens are totally dead already. Quantity or those rising numbers is very much important so its good for us to only count those legitimate crypto which is still alive now. The rising industry by adoption and frequently been mentioned in mainstream media will be one of indicator that crypto is totally growing.