Bitcoin Forum

Day by day new digital currencies are launching in a rapid rate and as a result of that now we have more than 1600 Altcoin's in the world but my concern is will increasing number of new Altcoin's can help for the betterment of crypto world ? or don't you think rather than introducing new once we need to make existing once more usable and reliable by giving them more expansion through business adaptation ?

I have way how to develop bitcoin and cryptocurrency more stronger by asking government to allow for using bitcoin as payment transaction, will be more benefit get by crypto where could be on higher price and always be trust payment.

First, it is correct to say that there are more than 1600 altcoins but it is more correct to say there are almost 2000.

I don’t think so many alts are good, as most of them will die and some of them will turn out to be scams, so, overall, they don’t paint a nice picture. People will relate the crypto world to losing money and scams. That’s already happening, btw.

I think only bitcoin and some others will survive, maybe 10 at most, so all the other coins created are a waste of effort, money and time.

The fact is nobody can stop innovators from bringing whatever they think is the next project/innovation to the market. Only solid and useful altcoins will survive this massive correction.
I read this article saying “which altcoin will survive the altcoin Apocalypse” https://www.newsbtc.com/2018/08/15/which-cryptocurrencies-will-survive-the-altcoin-apocalypse/

To be frank not all altcoin will survive. because altcoins are 90% down and its going to be diffcult for projects joking around to come back up with the rate at which new altcoins are coming up. So dont worry about the amount of altcoins that are coming. I just  focus on the project that will use blockchain technology to better our lives.

I agree governments restrictions and regulations are major barriers that has reduced the progress of bitcoin and other cryptocurrencies and I hope there view towards digital currencies will change in the future to make them allow bitcoin as payment transaction 

Crypto development should not have much altcoin because more and more increasingly confusing, it should only focus on one coin, then create a good regulation for cryptocurrency, wake up systems that can detect scammers, so the trust is higher to crypto that can invite the number of investors and other companies that provide a payment system with digital coins

very true about your opinion. the number of coins launched then more coins will be lost ... even many are also scam. but this is a process, where the strong with the strategy and the great team there will still exist. like a match, there is a defeat and there is a victory. we just enjoy ...

It is the elimination law. Good projects will exist and continue development. Bad projects disappear.

This is indeed a great plan. And everyone must consider doing it. This will surely not only helps people in cryptocurrency or the investors but at the same time the government itself and the econimic situation can be improved. Bitcoin is something that is worth fighting for because of its potential.

The best way to moved forward is to invite more people towards the communities and educate them how crypto through buying and selling and also invest for a long time investment also by teaching them, which we help more courage to developed more.

Actually many people do to make development of the cryptocurrency, as far as i know even joining bounty campaigns you actually manage crypto to develop just by advertising it and letting know the other people that cryptocurrency really exist.

The challenge with what you are suggesting is that every project has their own team and most of them are scattered all around the globe.
So projects with similar concept co-exist in the cryptocommunity. Most of them are not authentic and legit. Obviously, a lot of them are after for the money.
However, competition in the market is healthy as users can really choose the best and suitable one for them.

On the other hand, you can find projects that are really sincere with innovative technologies to offer. But, they couldn't find audience because their marketing is poor.
Sometimes, marketing is a big factor in exhausting its potential. That's when scammers come in. Scammers know how to manipulate their potential victims. Offering grandiose ROI, passive income and more. But in reality, they will be long gone once they dump their coins.
People should learn to evaluate projects that are heading to such failure. Else, they will be a losing their hard-earned money.

Altcoins are born every minute, and some of them died as well. But from what I understand from your statement, you wanted to stop development of new coins? Its not possible because first this is a free market, second, no central authority to look at eery coins entering the cyrptoverse. So its going to be hard just to concentrate on certain coins, its really up to us whether to support those who is back up by fundamentals and has real life usage or go to shitcoins and just make money, still a dilemma.

yes, we do need to make existing one like bitcoin to be more usable but we cant. Only developers can make that the only thing we can do is to promote the coin that we want and spread the good news about crypto step by step we will make it to the top and crypto will be more usable in the future.

It wont do long term harm, but will do short term harm because they will be bust soon, like 99 percent of the altcoins. Same as startups. Only a few of them will remain. Only the good few

I actually think that the cryptocurrency industry could use some serious culling, there are too many trashcoins out there diluting the users, and hence making it more difficult for anything to pick up steam. People need to cut their losses on the trash, and just play with the big boys.

we have 1977 altcoins. But we need to look at how many altcoins are useful. Many altcoins are focused on solving internet-related things, and few altcoins are focused on solving real-world problems, altcoins have virtually no use in real life. That's why so many altcoins will disappear. Let me give you some examples:

Mr. Z creates an anonymous coin, the next day we will see many people creating ICO with the aim of creating an anonymous coin that according to the creators of ICO will be better than the first anonymous coin.

Mr Y creates a decentralized exchange, next day We will see many people creating ICO with the aim of creating a decentralized exchange that according to the creators of ICO will be better than the first decentralized exchange

No one is creating anything New, they are only doing copy/paste of existing projects. Result, we have many altcoins, but that has no use in real life

If mass adaption will start, I think the number of altcoins in the market will surely increase. Most of the altcoins have unique characteristics compared to others (I'm referring to the quality coins because majority are shitcoins). If we will count just only the quality and functioning coins, it will be not sufficient for the world to use.

The current market number of altcoins are available in crypto world. But lack of concentration in project so many project are not develop in future and they take any actions in future updates.
We should limits the altcoin then only it will grow fast and current scenario few countries only accepting the legalisation so we should improve the reliability of project then only it will grow faster in crypto world.

I think the best way to make cryptocurrency more developed is if it will get the support that it needs that would transcend to transactions, deals, investments and trades that would really help pick up the market and make it rise about. The problem now is that the market is filled with so much uncertainties and doubts that people keep on holding onto their investments and ventures that do not help the market at all since there is no action happening. That gives that impression that the market is an inactive one, more so to other a dead market, which makes them avoid it even more.

I am very concerned about the many scam projects,

Yeah, everyday new coins had been born in crypto world some got good whitepaper and have good project. But as I observed in every 100 new coins coming out in the market maybe just 10-20 percent will not be a scam coin and just up to 5% will be successful. Just on my own views.

I feel encouraging the springing up of so many Alts in addition to the existing ones should be cubbed. The reason is not far fetched at all. Aside the fact that many turns back to be shit or scams. Investors are also confused getting the truthful ones out of them. I feel instead of new ones independency sorted for, partnering or collaborating with the Existing ones shall yield better results of the projects becoming more stronger and successful as project.

Scan attempt is worst part of the crypto currency market. I have found many scams happening out side world and even here it is happening this crypto world too.
Next to that we need to take news spreading in the forum and news channels need to avoid for best result on cryptocurrency nothing efforts we need to give. If we be simply without doing shit attempt to troll means we will find the profit and growth here.

This idea is related to the incredible expansion BC is experiencing. Every one wants to be surfing when the big wave is coming... Lets hope people is trying to improve and go one step further.

It seems that you want the development of new coins to be stopped because the crypto market has too many coins and developed existing coins, but I don't think that is possible because this is the first free market, second, there is no central authority to see coins entering cyrptoverse. So it will be difficult to just concentrate on certain coins, it's really up to us whether to support those who are backed by fundamentals and have real life use or go to shitcoins and only make money.

It is said the more the merrier. I have no  problem against multiple cryptocurrencies that are flooding the crypto space because we need them to make the market tick and give a credible competition in the market. Besides most all these altcoins has a product attached to them and some of them has been developed to meet the aspiration of the projects while others are in the process of doing so. You can not over emphasis the job creation aspect of the cryptocurrency. There are a lot of opening for jobs in cryptocurrency space and  many people are beneficiary of this concept of our time. Many people are laden with creative ideas which will help in solving a lot of human problems and they are bound to bring such concept to fore so expect more altcoins.

if you're saying about attracting the people towards you preferences then I can say that after the increment first prize in 2017 little door attracted towards Bitcoin and vertical need to convince them about this. So I can say that the price will change like this and give profit then cryptoworld will develop soon

two things that I can value from the number of new coins appearing on the positive market might be a good investment because they have new options to make life easier but the negative is that there are lots of new coins that promise something good but in fact theyc trick or scammers with fake ico

The best way is to simply tell everyone you know about crypto and encourage them to use it, the more merchants we have accepting crypto as payment the more it will rise.

The best way is to communicate with the government and introduce it as one of the most useful and secured digital currency which will help the economy grow faster by the use of cryptocurrency.

I don't think we can now stop the cryptocurrencies and blockchain technologies from expanding around the world.
The only homework needed to be done is by the local authorities in making a framework about how to deal with cryptocurrencies.
It won't always be the same and the society and the countries should be ready to embrace the change.

Altcoins need aid conceived each minute, Furthermore a few from claiming them passed on too. Yet all the from the thing that i see from your statement, you needed to prevent improvement of new coins? Its not workable as a result Initially this will be An allowed market, second, no vital power with take a gander at eery coins entering the cyrptoverse. Something like that its setting off to be tricky simply should focus on sure coins, its truly up to us if on help the individuals who will be move down by basics Furthermore need genuine living utilization alternately try will shitcoins Furthermore just aggravate money, even now An situation.

Set up new rules. Get rid of the scams roaming the streets of cryptosphere. They are causing more harm than good and frustrating a lot of investors, and making the place feel unsafe for them. If we can get rid of these ones, then we will be ready to take the next step.

I agree, fraud is one of the main problems of cryptocurrency. But I think that to overcome fraud will only if the government will accept cryptocurrency and will be to pass laws that regulate cryptocurrency.

I think that we are now forbidden to develop the government a little crypto currency. Which is also interested only in its own benefit. I believe that the Crypto currency will evolve without looking at anything. And the altcoyins will only help her. Yes from many but a large number of simply disappear because of not use.