There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?
Having many cryptocurrency in the market is really good because it only means that the life of bitcoins is keep on growing as the time goes by so we can expect a very bright future for all the investors of bitcoins since everyone will have a wealthy life after they earn a huge amount of profit.
Why do you think it is good to have so many coin to go out on a daily basis and investors lose their accumulation and hope? Apparently the cryptocurrency is growing without direction, and founders easily abandoned their coin development purpose, even more and more fraudulent projects.
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