why so many altcoins?

[danherbias07]

Yes. Services.
They target just one service and focus on that. Unlike bitcoin which will be used for merchants, assets, and most of all as a means of payment which is so broad.

Example is Cartaxi. They want their tokes to be used for their own application which is an Uber like car towing.
Another is Pundi X which is my signature now. You can see its benefits when you click it. It is about using the currency easier and faster and much broader that it can be used by everyone.

So pick those whom you think you can support much to make it worth the investment.

[Uhde]

Because there are so many opinions and crypto world is an easier way for projects to collect some money to begin. There is a continuous cash flow coming to cryptocoins icos.

[rfcdejong]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

Each altcoyin has behind its project. There are the good projects that solve real problems and offer unique solutions, there are the similar projects and there are the bad projects that are useless or are developed teams don't keep their promises. In the absence of ICO regulation we have about 90% of bad projects and this is problem. The crypto-currency market is developing. Whether this ratio will remain, the future will show. I hope we will see more different and interesting projects (altcoyins).

[artem6662]

I think issuing altcoin is an excellent opportunity to attract investments for startups, altcoins is like a stocks

[tauceramica]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

Each of them has differnet things inside. Different features, working mechanism, roadmap, plans, teams, priorities and so forth. Some of them could be similar but their teams are differend and this made all of them unique ones. Variety in the market is good for traders.

[hashshashin]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

Each altcoyin has behind its project. There are the good projects that solve real problems and offer unique solutions, there are the similar projects and there are the bad projects that are useless or are developed teams don't keep their promises. In the absence of ICO regulation we have about 90% of bad projects and this is problem. The crypto-currency market is developing. Whether this ratio will remain, the future will show. I hope we will see more different and interesting projects (altcoyins).

I also agree with your opinion! Indeed, this problem is so urgent when choosing ICO (a lot of scams and projects that will never become a reality). Although with increasing popularity of crypto currency, I do not think that there will be less such projects ((

[ditinhu]

In my opinion most of the Altcoins are launched by the search of profit of the developers, few coins have a good project.Some have just been released and even then they already suffer a dumping of the market making like that the currency is almost destroyed at the first moment. This is because the developers do not project the currency right and only aim for profit.
If you are investing in Altcoin, choose as currencies that are already strong, there is a market and already great stability without price, for example, Litecoin, Ethereum, Dash, Moneto and a new one to Waves

[Oppang Inamo]

Because people are finding for alterbative coins or crypto, aside from btc altcoin is the one they choose, because altcoin has a good quality and has a great value just like hownthe btc started, and now altcoins are spreading and increasing in total of the number of altcoins have made, thats why they try and try invent many altcoins

[akmittal]

So many Altcoin represents so many projects or ventures worldwide. Altcoin is not money it is the share of some company. Altcoin have its value in bitcoin, ethereum or fiat currency. So that there are so many altcoins.

[batang_bitcoin]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

When companies understand about cryptocurrencies they started to make their own coin that is associated with their products, shares and services. And that's how the altcoin industry is becoming popular because of partnerships and also the crowdfunding has been popular too. Cryptocurrency now is totally like the stocks market where you can choose your own bet and just do trade alone with it.

[narukami]

yes every coin on the market has a different purpose on the market it can be on this platform and that coin can be on that platform but there are some fake coin that just copy other just to make profits but in order to avoid them do your own research and also invest on the big name coins only if possible

[Vannie12]

Altcoins maybe from different ICOs and some are by the developer themselves.
From ICOs, they use them for their project as their capital, they are giving it value to be distributed to attain specific amount or profits. Sometimes, projects do not really reflect as they have promoted. They promise high profits to attract investors.
While from the devs, like forks, some create and agree to create alts for faster transactions and exchanges with lesser to no fees at all. Because as we can all experience, it's getting harder to mine and transact bitcoins everyday concerning the high fees needed to accelerated them.

[EvaGC]

You're right, there are so many, it's hard to keep track on all the news.

If you're planning to invest in altcoins make sure you do a lot of research. Learn about the project and the people behind them and the one thing that makes them different.

[pocketfullofpoke]

There are different alternate coins from different startups/ICOs today and these altcoins differ in their usage. Some of these altcoins have made their way to stardom since they become a very demanding altcoin that also made its value to rise drastically.

[kevin go]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

Yes, their are many coins available in market but you have to careful if you are going to invest in it. Altcoin is one of the currency which is trending nowadays and setting its own place. And each currency has its own value . Nowadays as per my knowledge bitcoin is on top then altcoin and so on. This cryptocurrency gives really good profit if you invest in proper manner. It is really easy to understand and work on it.

[Vastraint]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

I believe some altcoins are unique but there are still some, existing that has the same characteristic with another altcoin. And some of them are created to solve problems, help people through use of it, etc. Though more altcoins are created worthless today, and will just scam people to invest on it, there are still really worth to invest for. You just need to find the most valuable.

[Red-Apple]

You're right, there are so many, it's hard to keep track on all the news.

If you're planning to invest in altcoins make sure you do a lot of research. Learn about the project and the people behind them and the one thing that makes them different.

it is only hard at first mostly for newcomers to follow all the news from all the altcoins. but if you hang around for a while and watch the different altcoins, and their price movements, you can easily figure out what to look for and you will be able to do all the process in a much smaller time frame.

and in my opinion you have to make up your mind. choose what you are looking for. it can be profit or it can be innovation, they rarely happen together.

[Aura]

The answer is no, a lot of these altcoins don't bring anything new. The problem is that it makes it really hard to find new coins that really have to offer something new and also makes it hard of them to get attention. I personally just keep my mind on Bitcoin, Litecoin, Ethereum and some other top coins because these coins I'm sure of will be able to change things.

[black45]

sure every coins have something to sure investor in the world. every altcoins have something else from competitors, like HERO coin his background is bank and others. so many altcoins realease have unique background like real estate, travel, etc. so for sure where u invest u read whitepapers, team, and experience to get more profit

[Hamstead]

hello!

why are there so many coins to choose from, do they really each have something unique about them?

I believe some altcoins are unique but there are still some, existing that has the same characteristic with another altcoin. And some of the are created to solve problems, help people through use of it, etc. Though more altcoins are created worthless today, and will just scam people to invest on it, there are still really worth to invest for. You just need to find the most valuable.

Not totally unique because some of them are just clone from other project. They are just using different coins to promote their project but we don't know it is just the same in purpose. This is somewhat we called it a scam project.

This could give us some lessons that we should carefully read and understand all the details of every project before investing. And with that, we can escaped from bait of scam projects in which it only destroy the image of blockchain technology.