Do we Need Altcoin?

[shursight]

This might be not the best moment to buy altcoins, so better to stay away from it unless that you want to suffer huge losses.

The best thing that you can do, is to have all your money on Bitcoin at the moment (But not ALL of your funds, only a portion of them)

Better not to risk all what you can not afford to lose.

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[coinluisa]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Of course yes we need altcoin so we have alternative choice to make a good earnings and we know that altcoin projects give a good contribution in crypto so I think there's no reason to not use a altcoin.

[Ravenangel]

I am not against innovation, because it is totally necessary for any economy, the problem comes when you create many alts that are the same, for example, we already have bitcoin cash, bitcoin, now a new fork, then dash and although they have slight differences, practically have the same purpose.

[letyouearn]

Sure we need. But most of the altcoins are useless scam. We just need those 2% of coins that are worth something. And I am not talking only about those cryptos that have something like blockchain 4.0 or something. Utility tokens sometimes are very worthy and so are security tokens as well. I think time will filter the market - it's just a matter of few years.

[travwill]

Sure we need. But most of the altcoins are useless scam. We just need those 2% of coins that are worth something. And I am not talking only about those cryptos that have something like blockchain 4.0 or something. Utility tokens sometimes are very worthy and so are security tokens as well. I think time will filter the market - it's just a matter of few years.

We do not just need 2% of all projects, first of all we need projects that were able to adapt their idea to real life, those projects that directly interact with ordinary people, these projects will move the development of cryptocurrency to the masses. Well, of course, everything that you called is also necessary for the normal development of the market.

[simplelove]

We really need them due to the fact that there are a lot of them who cannot survive the market circumstances along their way into success. Altcoins are are good alternative investment of bitcoin because some altcoins are more profitable.

I also agree that altcoin is more profitable than bitcoin, because the price is more affordable and can also collect in large quantities, although the risk is greater if you invest in altcoins, especially with small market volumes

I agree. The risk of investing in altcoins are statistically much higher than that of investing in BTC, but we still need altcoins to move the market and technologies forward and compete with BTC.

[cryptofuturologist]

I think that society underestimates cryptocurrency and therefore does not try to implement it in everyday life. But I believe that cryptocurrency will be very useful for the society someday.

[Blondoar]

we need alts because they can be used for more than bitcoin; bitcoin is the main road we need to take, but there are smaller roads outside of it that lead to far more special places

[oneforall]

I think we don't need it because it is simply useless. There are strong currencies that every market will take. Why do we need something more?

[Mr.grin]

I think we don't need it because it is simply useless. There are strong currencies that every market will take. Why do we need something more?

honestly I need it. well, sometimes altcoin brings considerable profits to us. well, it can be obtained when ICO, bounty, and trading. the beneficial thing in altcoins is when you have them in large quantities, and the price rises quite high.

[defoman]

New altcoins appear every day, but not all of these projects will get on the exchange and find their users. Despite this, they have a positive impact on the development of the blockchain and cryptocurrency industry. This increases competition, accelerates development and makes our lives easier and safer. We are on the threshold of new discoveries and opportunities that blockchain will give us.

[newbie-hero]

I am not against innovation, because it is totally necessary for any economy, the problem comes when you create many alts that are the same, for example, we already have bitcoin cash, bitcoin, now a new fork, then dash and although they have slight differences, practically have the same purpose.

In my point of view there are too many altcoins on the market. This is not a problem or maybe this is a problem for young inexperienced users. In any case these small unknown cryptocurrencies will fade away within the time.

[MetalEngine]

Altcoins move crypto sphere towards the integration. Society doesnt know what blockchain is capable of, and altcoins technologies make blockchain accessible to the common consumers

[andrey755]

There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?

Of course you need new altcoins and the more, the better, because with a big offer you can always choose what is better for you, more promising and profitable.Now there is a selection of the best altcoins, but this is attended by new ones that have appeared recently.

[Patrix_1]

Sure we need altcoin, because technically Bitcoin is too old as a currency. At the moment, there are some altcoins that are showing around 100,000 TPS and this is amazing! Cannot wait to see this products and to test them.

[sergei1703]

We need altcoins, absolutely. Altcoins helps other projects to bring a value and be useful in a different aspects of a product. Also alts help to raise more money in a short period of time.

[felicita]

in my opinion we only need a few of the massive altcoins.
the top 10 of the coins should be enough.
Currently there are many scam coins how made only for money.


regards

[spike420211]

In the future, everything will come to unity, there will be very few altcoins. Now altcoins are needed only for trading, all these market speculations, trade, price movement, all this does not apply to the technological component of the blockchain. In the future, technology and its application will be important first of all, and not the amount of money that can be earned on this.

[rataplannetje69]

I am not against innovation, because it is totally necessary for any economy, the problem comes when you create many alts that are the same, for example, we already have bitcoin cash, bitcoin, now a new fork, then dash and although they have slight differences, practically have the same purpose.

In my point of view there are too many altcoins on the market. This is not a problem or maybe this is a problem for young inexperienced users. In any case these small unknown cryptocurrencies will fade away within the time.

I agree. I think that the whole purpose of the altcoin sandbox is to play around with the idea of blockchain and how to develop this technology to better suit the needs of the world economy.

[maxilopez]

Of course, we do not need such a huge number of new Altcoins, but I can also say that Altcoins need a cryptocurrency market, but not in such a quantity