The reason why many altcoin is important

[srmecdes]

Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.

The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.

Here are the few;
1.   The monopoly of market will be avoided.
2.   There is a competition of prices in the market  that can limit the price of the stellar cryptocurrency to overshoot.
3.   Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4.   New and small investors/traders will be given a chance to trade in the market.
5.   There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6.   Exchange site/market can gain also a suitable amount.
7.     Bounty campaign will be continued to progress. 

thanks for useful topic.  many altcoin, many member , many ico is important for enlarging market.

[Tambu]

Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.

The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.

Here are the few;
1.   The monopoly of market will be avoided.
2.   There is a competition of prices in the market  that can limit the price of the stellar cryptocurrency to overshoot.
3.   Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4.   New and small investors/traders will be given a chance to trade in the market.
5.   There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6.   Exchange site/market can gain also a suitable amount.
7.     Bounty campaign will be continued to progress. 

thanks for useful topic.  many altcoin, many member , many ico is important for enlarging market.

You're welcome dude.  We should always treat a new token/coin as an opportunity rather than branding them as shitcoins/tokens. 

[VPoro]

each coin has an own role in the economy and it supports for own project. so, there are many coins in the market and you can choose some of them to invest.

[Jordanuttos]

One of the main reasons is that partially altcoins can realize that you cannot do in major projects. Because they affect the overall development of the crypto-markets in all countries.

[Tambu]

Atcoins serve a lot of purpose as what mentioned on this thread. If there’s no alts I think the price of BTC is unreachable and unbriddle. Alts conceal those doing. That why alts are important though there are many projects are failure.

[dumbtool45]

I'd change some points and say that "new traders should have a chance to get rekt and also scammed", lol. Seriously, I think that BTC just can't implement all features (for the network security reasons)

[zerrtty]

Competition plays a positive role, forcing project developers to create better products and new technologies. Also, technologies are developing and old technologies, should be replaced by new ones.

[lxiaoh]

I think the reason why we need new altcoin is because Bitcoin is not perfect, and altcoin with new technology could make up for the shortcomings of BTC. This is the reason for the existence of ETH and other altcoins.So what we need is a coin with new technology,not just new altcoin.

[ardodd]

You are right here at all. Altcoins play so important and significant roles in the cryptomarket's increasing and your position is very logic here. I support this one, of course.

[drants]

Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.

The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.

Here are the few;
1.   The monopoly of market will be avoided.
2.   There is a competition of prices in the market  that can limit the price of the stellar cryptocurrency to overshoot.
3.   Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4.   New and small investors/traders will be given a chance to trade in the market.
5.   There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6.   Exchange site/market can gain also a suitable amount.
7.     Bounty campaign will be continued to progress. 

and yet the variety of upcoming coins is just incredible, it's like endless breeding of different spicies. but i like this one about avoiding the monopoly market, it is important indeed

[lajtman]

Altcoins are very important for the cryptomarket because they create something like symbiosis with the help of Btc and this symbiosis help for the common raising.