why so many altcoins?

[FDC1412]

all coins are the same, the only difference they have is the power of that coin to be valuable in the market. Anyone can join or create coin just not develop it. They are many no-value coins out their but there are also many valued because of the continues update and support of the development team.

[imstillthebest]

all coins are the same, the only difference they have is the power of that coin to be valuable in the market. Anyone can join or create coin just not develop it. They are many no-value coins out their but there are also many valued because of the continues update and support of the development team.

no ,not all coins are the same. every crypto coins that been made has a different name and unique statistics and usage that can be used online for buying ,selling, trading, mining,etc almost anything that you can think of and not all can develop it because it is not an easy thing to do and it also requires a good starting capital in order to create and develop your own coins and publicitize it through some advertising methods like social media campaigns and signature campaigns. the reason why there is so many altcoins is because they also want to compete in others and also to make a profit when someones invest on their coins but some are only doing it just to scam inoscent people.

[RedX]

hello!

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

Some of them are unique but a lot of new altcoins are just competing the old coins having the same idea  but they only differ on team, better roadmap and some technical improvements.

[geyayy]

Almost all the altcoins that are being created now are all just like the ones being made months or even years ago, they are just competing now with more faster transactions and things they see or observed that are the weakness of the coin they are just innovating and naming it with another unique name.

[nor9847]

Because the price of bitcoin is skyrocketing, therefore, so much developer coin that want to have much profit through create new altcoins and some altcoins getting scam because the developer take no responsibility from their altcoins that have been created.

[DayXDT]

Every altcoin has different purpose,
But many of them (altcoin) don't have any use. They are only pump and dump altcoins.

You should choose carefully.

[burnum]

Almost all the altcoins that are being created now are all just like the ones being made months or even years ago, they are just competing now with more faster transactions and things they see or observed that are the weakness of the coin they are just innovating and naming it with another unique name.

I do like the "years ago" included in your statement, frigging Achain stole my logo and ticker from years ago, I am not a fan of Achain

[richcorner100]

Mostly of  altcoin in the market now is ERC20 Token that premined which easy to create it and will be low cost by using smart contract of Ethereum and their blockchain. Many project create that token for utility token to development their project. And just some altcoin that have own blockchain without doing smart contract with other currency. So there are many altcoin now because easy to create it.

[Altero]

hello!

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

I really doubted of some ICO's exist today, and we should be very careful in dealing with them because a lot of them are just a scam projects. It's hard to point out which one is legit or not since they preparing for a good platform and a very attractive rewards to the investors and bounty hunters.

[m. yasir]

Each coin has its advantages and disadvantages. All competing to improve the quality of their coins. See great opportunities in Crypto

[Lei Crypto bounty]

when bitcoin was launched there are a lot ideas came out that has brought it during those early days. as bitcoin is moving forward on it's development and continually increasing in price rates and in popularity,now some of aspiring developers are thinking of something new that bitcoin doesn't possess and try to innovate and improve the idea.lot of aspiring developer before wants to upgrade a coin greater done bitcoin that's why they are developing their own project and own coin that supposing to surpass or replace bitcoin, that's why there's a lot of altcoin but the source and origin of it is well we know the idea of Bitcoin by Satoshi nakamoto.. many wants to get rich and to earn as bitcoin does..

[Luckym7]

There are so many coin because altcoin is a digital currency and too many country create altcoin so there are many altcoin in this online market.

[Plixs]

Everyone is trying to find one that works well. In any case there will be a good number of alts. Think of it like businesses. There isn't just one that owns everything. This is why we need different alts for different purposes.

[richan]

The many altcoins you see are the result of ICO created to fund projects which is based on value or human needs. As human needs broaden and we have men that can provide solution for it, ICO will never end, it will increase in many ways.

[cryptomema]

Because the ICOs are not regulated thats the main problem of the crypto community,a lot of people wants to get rich by scamming people using these useless ICOs.

[paxaway21]

Yes this is true too many people are now creating coins to get capital of useless project. You should always check and research when investing in new coins.  Here is why regulating the new coins is very beneficial. I know that not everyone is excited on regulating crypto currency but I think regulating the new and upcoming coins just to filter out who would like to make a quick buck. I do not know how they are going to do regulation but i know they will think something in the future and many people want to be rich.

[smith136]

It's like hedging, many coins are created in order to match bitcoin's price with its useful platforms. But as you can see lately most of those coins are just nonsense and will have no value in the future, that is why the creation of coins are just a cycle, it will repeat as long as teams that created an altcoin leave it behind.

[Kemileye]

Its true there are lots of ICO around but the simple truth is that most of the ICOs do replicate the idea of previous ICOs.

[Rinder]

In the past the coins were made with just a simple way to collect bitcoin from newbies as well to pump and dump the coin, nowadays the coins to get some atention they need to bring something or improve, because no one will invest into a coin wich has nothing to offer besides ups and dows. Each coin has something that should make it different, instant transaction, node reward, smart contracts, in the general there are great coins and several new projects coming with something in mind to improve others coins as well to compete.

[waynechong1995]

With the success of bitcoins, numerous project owners are trying to expose their ideas through cryptocurrency platform where transactions are more transparent, but honestly it's just another easier way to get funds for their ideas, with less or little bit of malicious content as they are unregulated yet has their own fiat value. Cryptocurrencies are perfect to allow companies or just a bunch of people to go listing by having it's own altcoin. Ideas doesn't necessary have to be the same but the coin itself, like erc20 tokens are mostly represent the assets of their ecosystem, it doesn't necessary meant to be like bitcoin that based on transaction, they could be just some token to pay for their service.