The future of altcoins

[spartak_t]

In short: there's no future for altcoins, not like it was before.

Lately I'm not paying much attention to news or the threads created on bitcointalk, but in my opinion we're witnessing what I was expected to happen: Atlcoins and ICOs are destroying each other. Several years ago you could have launched a coin, make some fancy logo and promises, and voila - you make easy money. But back in the days there were no 100s of billions $ involved on a monthly basis and scammers were not affecting the market this much. How about ICOs? I'll call these guys "dreamers". They are a hybrid/crossbreed between a scammer and people who think that they will change the world. And whats even worse - many people believe in that. 

Nowadays you can pretty much raise millions of $ in 5 seconds on "ideas", which (if you at least try to think harder) doesn't have a practical use. And when the time proves it, the ones who took money for their "ideas" are saying "We tried" and the masses are dumping. But you don't have to be a genius to see that this "system" is already exhausting. Also, you don't have to be a genius to listen that the word "regulation" now sounds louder. 

Guys, only several altcoins will stay, because this is what I also expect to happen:

1) Bitcoin is already regaining its dominance and it is a matter of time to explode ($5300 is still a joke).
2) Regulations are coming and most of the alts will die.
3) People won't be allowed to launch new projects, even if they have invented the tap water.

I will try to speculate and state that soon there will be no more than ~50 digital currencies. 

[alva5763]

TThere are a number of coins with a value of 1 satoshi. There are no buy offers on the exchanges,only sell orders, so they are being traded. The exchanges will drop these coins. Survival of the fittest.

[AtheistAKASaneBrain]

The future is on sidechains most likely, since they will be backed by bitcoin, but there's still room for experimentation outside of what sidechains will offer. If someone could come up with a true bright idea, it would have a space as an altcoin, the problem is, most ideas out there aren't that bright, so you are better off holding bitcoin and spending a small % on speculation in the booming altcoin market.

[sky24]

Bitcoin will always have a future. Many people believe altcoins will die out and in most cases they will, but if you invest in an altcoin with a plan and strategy I believe they will only get stronger. All ICOs have to started somewhere and some survive and some don't. It is all about weighing your options and doing your research.

[TUs77777]

I think when bitcoin will go into long-term FLET, it will be altcoin time

[followmenot]

I can agree with your sentences. But 50 coins to survive is tough guess. I am sure there will be more than 250 or even 500 coins still on surface. But in the end I am sure smart money will return back to bitcoin, ethereum, neo or other better coins.

[kamudd]

I think there will only be some altcoins alone that can survive and the new altcoins are only stronger at the beginning and the longer will slowly be forgotten, and in the end the old ones will survive.

[Zzzetor]

The problem with the regulation is of course that it will work only in so many countries. Situation now is out of hand, I agree. After regulation there will be altcoin & ico launches from non-regulated countries and surely some people will try to put their money on them anyway. So future of altcoins will be more Third World based, maybe resulting in poor quality. Probably those altcoins launched early before regulation will flourish. That's what I think will happen.

[Bitcocoin]

The future of all doesn't look good.
But some are going really well.
I'll continue to support them.

[hgmarral]

I think there will only be some altcoins alone that can survive and the new altcoins are only stronger at the beginning and the longer will slowly be forgotten, and in the end the old ones will survive.

The strong ones will survive and be around for a long time, weaker projects will struggle to keep support for their coins I think

[Risotto]

I thinks s Waves future is very bright
A good investment tool for short time and long time

[akirasendo17]

Altcoin future is bright more and more people realized they can profit in altcoins
not only with bitcoin, with the help through world wide web, people easily understand
and learned how to make lots of profit out of it,
because there are easy guide, also some study hard and monitor how the market goes
so i think there is no need to panic or stress yourself thinking any bad will happen
just invest but dont invest to much
like everyone says only invest money you are willing to loose, so be careful also

[Rashid555]

As we see on the daily basis there are so many altcoin comes in the crypto market and the people are ready to accept these altcoins as the time passes people ae changing their mind for investing in these coins to get good outcome of their investment and it is easy for them because in the short time they get good profit.

[ttsyre]

I think only 100 cryptos will survive. Top 5 will be BTC, ETH, LTC, WAVES, RIPPLE.

[Subb0]

Maybe use the thread right below yours - https://bitcointalk.org/index.php?topic=2259255.0

I stopped reading your thread right after

Lately I'm not paying much attention

that roughly summed it up for me.

[hua_hui]

In short: there's no future for altcoins, not like it was before.

Lately I'm not paying much attention to news or the threads created on bitcointalk, but in my opinion we're witnessing what I was expected to happen: Atlcoins and ICOs are destroying each other. Several years ago you could have launched a coin, make some fancy logo and promises, and voila - you make easy money. But back in the days there were no 100s of billions $ involved on a monthly basis and scammers were not affecting the market this much. How about ICOs? I'll call these guys "dreamers". They are a hybrid/crossbreed between a scammer and people who think that they will change the world. And whats even worse - many people believe in that.  

Nowadays you can pretty much raise millions of $ in 5 seconds on "ideas", which (if you at least try to think harder) doesn't have a practical use. And when the time proves it, the ones who took money for their "ideas" are saying "We tried" and the masses are dumping. But you don't have to be a genius to see that this "system" is already exhausting. Also, you don't have to be a genius to listen that the word "regulation" now sounds louder.  

Guys, only several altcoins will stay, because this is what I also expect to happen:

1) Bitcoin is already regaining its dominance and it is a matter of time to explode ($5300 is still a joke).
2) Regulations are coming and most of the alts will die.
3) People won't be allowed to launch new projects, even if they have invented the tap water.

I will try to speculate and state that soon there will be no more than ~50 digital currencies.  

Great discussion. Amazed by your views. However, i have to disagree on 50 digital currencies. Regulations will definitely come in and that is actually necessary to help the communities. But there are so much to tap into different aspect of our lives and crypto can solve all these. And we dont just need 1 of each aspect, it is ok to have competition to make it better for user end. So 50 is very little, i am looking into 500~1000.

[KingScorpio]

I think only 100 cryptos will survive. Top 5 will be BTC, ETH, LTC, WAVES, RIPPLE.

why? because people will continue to accept the fraud that the top 100 cryptocurrencies can keep themselves intact via privileged massmedia propaganda and energywasting? or via a syndicate like established media system (coin listenings at coinmarketcap) the point is that the current media propaganda also creates their reality, bitcoin was worth at the beginning 0 and only the claim it is worth something caused it to be belived to be valuable today.

i expect in the future not just currencies to start decentralise but also mass media focus and "expert opinions" attention. even facts will become decentral because claimed facts also create reality.

this will then lead of course to a collapse of the current cryptocurrencies that are in an advantage due to the mass media privileged attention that they currently enjoy

lets see how they will do then.

PS: if those at the lower end of Coinmarketcap would be smart and i think soon they will. they simply create their own Coin market caplist with their own facts to make those facts then a reality. Since we decentralise currencies, why not also decentralise facts too.
no one knows where those volumes of bitcoin ehtereum and else comes from, they could have been faked at the begining between smaller groups.
this facts splitting is in my oppinion sooner or later unavoidable it will happen and the market will divide.

regards

[anotherbit]

1) Bitcoin is already regaining its dominance and it is a matter of time to explode ($5300 is still a joke).
2) Regulations are coming and most of the alts will die.
3) People won't be allowed to launch new projects, even if they have invented the tap water.

1. Welcome to the Bitcoin FOMO thread I guess. Sure let all sell alts cheap, and buy Bitcoin  when it peaked, why not?



2. As long as crowdfounding ICO will be succesfull there will be new coins.


A lot of company would try to create own tokens to trade it like they trade stocks.


But I agree there is a lot of "noise" ICO which will be not succesfull and will die.

3. There will be places in the world which would allow ICOs (Seychelas, Bahamas,etc "money-laundering" offshore zones)

[abcd7]

of course there is a future but will not be so easy as now to create one . . . and will be fewer than now

[Tasleem Raza]

Whenever we speak about cryptocurrencies, there is bitcoin and then everything else. List of a total of more than 500 digital currencies starting with bitcoin , ether, litecoin, ripple and finishing with BTCtalkcoin.

New altcoins are being created all the time and for very diverse reasons.Bitcoin and any other digital currencies will likely enter the mainstream but only adoption of standards frameworks.

Many of the coins that exist today will vanish, for lack of any real demand.
 
However , see the vision of state sponsored cryptocurrencies becoming a reality in five years.

Altcoins will see another rise up during the year 2016 in relation to how they answer to current concerns of the bitcoin community.