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Author Topic: So many cryptocurrencies !  (Read 6166 times)
weblouartisan
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June 15, 2018, 02:32:45 PM
 #441

This is a sign that blockchain technology really been so useful because some companies are planning to adapt the technology due to its very nice features. There are a lot of things that we can think on how we can be benefited with cryptos and this is definite one of the many reasons why cryptos keeps growing.

I agree to that, it only means that the community of people that are involving on cryptocurrency is keep on growing and we can assume that bitcoins will really have a bright future.

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June 15, 2018, 08:34:18 PM
 #442

There are a lot of hidden gems and great out ideas out there, but they get lost in the sea of crypto. That's a shame.
I agree that there are so many people trying to come up with their own projects in the market but launching the coin is not a big thing. The important thing is the project behind the crypto. One can really escape the risky and fraud coins by doing research about the technology and projects backing it and make wise decisions before investment. The more you keep good knowledge, the more you stay safe in the market.

 
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June 15, 2018, 09:14:07 PM
 #443

Every crypto currencies has their own roadmaps and I think it is their responsibilites, developers, to take the road that in their mind, will make their crypto  successful. If their crypto currencies did not survive the cruel competition with a lot of other opponents then I think that is the fault of the developers and we don't need to think about it since we are just basing our investments on their future plans and strategies.

Yes, cryptocurrencies has their own way of showing and convincing people around the world about what their strengths and good advantages. It is really important for them to survive. And with a lot of competitors i don't think that one crypto will survive if they don't have improvements with their system as well as their strategies.
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June 15, 2018, 09:37:33 PM
 #444

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

I don't think it worked that way. Every cryptocurrency has different usage and different type of business is being backed up by these crypto. And another thing is, the market is not alive if there is no competition that would occur.

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June 15, 2018, 10:26:56 PM
 #445

I do not think it necessary to make rules about the issue, let the competition determine the quality of a currency. we have the same rights here, but they should really give the best for their currency to get many investors.
Right! Let them run and prove themselves how valuable they are in the market. In that way we can weight which is which.

I second in emotion.  I agree, if there project is worthy and valuable, then they will survive and thrive. My only concern is that there are scam ICO's. That they will just fake it to make it. That was the thing I want to be regulated. That all new ICO will have to undergo certain criteria in order to pass the standard of opening a new project. This way no scammer will be in the market.

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June 15, 2018, 11:03:39 PM
 #446

I think every crypto currency has its own program to develop its crypto so that if have a good program will certainly many who are interested and will progressively but for those who do not, it will be eliminated
Well it is really true that  right now there are so many cryptocurrencies and for me not all of the crypto now will still exist in the future, so my advice is we should just put our money on the crypto that have a good future.

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June 15, 2018, 11:25:02 PM
 #447

In my opinion this is only indicate that cryptocurrency are being popular all over the world and from the beggining risky is always there, in this popularity more altcoin more chances to find great profit but high risk, people are creating their own altcoin to earn money or scamming people that new in cryptoworld.
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June 15, 2018, 11:38:34 PM
 #448

Too many cryptocurrencies is certainly not a good thing, there must be a clear rule that can limit cryptocurrencies, and this can be used by many people to cheat, has many examples and it should be stopped.

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June 15, 2018, 11:53:47 PM
 #449

I believe that competition is good for the market, though sometimes some coins are pumped and thereby overshadow the real ones. The good solution will be to get an international board to have some form if regulation to these coins just to keep them in balance. Because these coins pose a lot of threat to investors and discourage a lot from investing in undervalued Altcoins and ICOs.
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June 16, 2018, 12:09:55 AM
 #450

yes you are right now there is a lot of cryptocurrency but i can think positive with it because more cryptocurrency show that many people know cryptocurrency so cryptocurrency price can become expensive sometime.
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June 16, 2018, 02:32:13 AM
 #451

I agree that a regulatory body should take position. There's a lot of cryptocurrency that is storming the markets, investors are no doubt in risk of fraud and scams and no one will be able to stop it. I think the reason why cryptocurrency is not growing is that it's not trusted enough, you don't get any protection from it and nothing is certain, but, that's what makes cryptocurrency unique. In my opinion, a light regulation should be implemented so that frauds could be set aside which in turn more investors are going to join.

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June 16, 2018, 02:37:09 AM
 #452

yes you are right now there is a lot of cryptocurrency but i can think positive with it because more cryptocurrency show that many people know cryptocurrency so cryptocurrency price can become expensive sometime.

I agree with you, it is ok to have so many crypto currency, it means the increase of income right? but also be aware of some scams always study the project before investing.
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June 16, 2018, 03:24:41 AM
 #453

There are a lot of cryptographic ciphers in existence. According to my newspaper, there are about 1,658 types of digital money. The total value of digital money is just under 369 billion dollars, but in the future they are. We will have new  many cryptocurrencies




I think If their crypto currency does not survive in cruel competition with many other opponents then I think it is the developers fault and we do not have to think about it because we are just basing our investment on their future plans and strategies.
Every crypto currency has their own road map and I think it is their responsibility, developers, to take that path in their minds, will make their crypto a success.
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June 16, 2018, 03:46:00 AM
 #454

We can not wonder that there are so many cryptocurrencies , in the market today because of the many ICO projects that are successfully launched and are now registered in the tradind sites and coin market, so these tokens are added to the list of altcoins in the market, that is why the market is flooded with many cryptos.
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June 16, 2018, 03:47:56 AM
 #455

The most valuable coin in the market from the vary beginning of crypto market is the Bitcoin and besides Bitcoin so many other currencies are working in the market like Ethereum, Altcoin, Litecoin and many more. This is a very important observation, but having a central authority regulating crypto currencies will be near impossible as it defeats the idea for establishing cryptos in the first place
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June 16, 2018, 03:48:01 AM
 #456

I do not think it's necessary to create an body/agency that monitors and removes crypto. Because I'm sure crypto that just copy and no new innovation to develop will not be chosen by many people, and will sooner or later die by itself and stop operating. They are an easy source of earning a lot of money and that too in a short duration of time.Some of the cryptocurrencies are bitcoin,ethereum,ripple,litecoin etc
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June 16, 2018, 03:48:06 AM
 #457

The concept of regulation in  the crypto world in necessary to a limited extent and this is because we have so many crypto currencies in the market now that has created a fuss. Only few except the rest are good in terms of profitability and stability. This is a free market and it is impossible to try to limit the number of coins that appear in the market so the only thing we can do is to stop investing in all of those useless projects
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June 16, 2018, 03:53:06 AM
 #458

the growth of cryptocurrency circulating in the community does not mean they are not useful, but they work based on the profile they are working on. Their success depends on the community.

But regulation and digital competition will regulate their activities, so they will not be easy to work according to the wishes of the company because of many rules in the future so that nothing bad happens in the future.

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June 16, 2018, 04:28:53 AM
 #459

Yes, number of ICO are constantly increasing. But I don't think it is bad thing for the crypto market. This could help the status of cryptocurrency to be known and used globally.
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June 16, 2018, 04:28:59 AM
 #460

Maybe regulation like putting standards for every ICO. If ever they pass it then they are qualified to be called one of the altcoins or else they are trash. It can also be a tool to break the cycle of scamming in ICO.
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