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Author Topic: So many cryptocurrencies !  (Read 6166 times)
supercanada1
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July 10, 2018, 09:22:09 PM
 #721

Do you see more and more crypto that there is an impact on the price decline is very large at this time. everyone is not focused on a single coin or token. all invest only in new coins and leave coins that already exist. they do not think before choosing a new coin while the old coins are more qualified.
Yeah it is good to make good investment which really has the best impact on the importance and the value of the other coin, so it is the main reason why we should concentrate only in one coin instead of sticking with more than one coin as it can distract you and you can suffer lose, now a say bitcoin is at high demand so don’t think about anything else before you go for investing your money.

 
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July 10, 2018, 09:45:15 PM
 #722

This is the law of demand and supply! The higher the demand, the more coins will appear. however, btc and ether are still leaders. I have heard that neo and dash are only not the worst choice. Maybe, I will buy them too

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July 11, 2018, 01:22:23 PM
 #723

My personal mind about in what kind you must believe is simple. If you choose one of them you must add it and believe in it. But you don't need to choose the first to second one you can find some 32 in the list and invest in it.
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July 11, 2018, 01:39:19 PM
 #724

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 ?
Let's try to make it simple. I think, that's the point of decentralized system, and the body that can make regulation for those currencies is ourself.. We can both accept or denies the currencies..
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July 11, 2018, 04:26:32 PM
 #725

There has to be some kind of a worldwide cryptocurrency organisation,which approves or denies new altcoins.
All the crypto trading platforms will have to abide by the rules of this organisation and clear the crypto marketplace from the shitty pump&dump coins.
There`s nothing wrong with having a tough competition,a competitive market is a must and only the strongest and most trustworthy coins will survive.
Such a world-wide crypto-currency organization that approves or rejects new tokens and coins exists for a long time and does not need to invent anything new. Such an organization is a network of exchanges and exchanges. It is the market in the face of crypto-exchange exchanges and exchanges that can give and assess each new token and coin. Anyone else should not influence, especially so much, on the decentralized Crypto currency. What kind of decentralized crypto currency will this be if it exists. an organ that simply prohibits the circulation of certain types of crypto currency. It will be one of the most bureaucratic and corrupt bodies in the world. We want this?

Vineeta2oct
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July 11, 2018, 04:34:56 PM
 #726

Before imvesting, one needs to do some research om the project he/she wants to invest in. If someone is investing blindly without proper research, then chances of frauds increases. So we can avoid scams and frauds by looking out for the projects before investing in them.
Ochusol
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July 11, 2018, 05:34:10 PM
 #727

I also believe that the cryptocurrencies are quite too many, with most of them being scam, although quite a good number of them are still credible. But without new cryptocurrencies being introduced into the market, how will the bounty hunters and airdroppers survive? This has actually left me thinking.
cryptojaani
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July 11, 2018, 05:51:13 PM
 #728

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.
I agree that right now there are so many cryptocurrency on the market and for me not all those crypto have a very bright future and right now there will be more crypto in the market because until now many people is supporting  snd investing in ico.

The purpose of this is to let us know which is a better crypto, this will help is compare and determine whether to invest or not to invest. So far these cryptos are performing well.
There is no point of denying this thing that we have seen a lot of increase in the number of crypto currencies since last few years and that I think of this thing to be a very good thing as this helps the investors in having a choice and then because of that, they can choose any of the coin which attracts them the most. The only thing which you need to do is that you must be wise enough to make the right choice.
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July 11, 2018, 05:59:18 PM
 #729

Before imvesting, one needs to do some research om the project he/she wants to invest in. If someone is investing blindly without proper research, then chances of frauds increases. So we can avoid scams and frauds by looking out for the projects before investing in them.
I am always skeptical when doing something new and the same will apply when i think about investing into cryptos. With so many of them in the market nowadays it is prudent to thoroughly research before you decide to invest.

 
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saqibmunir
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July 11, 2018, 06:25:47 PM
 #730

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.
I agree that right now there are so many cryptocurrency on the market and for me not all those crypto have a very bright future and right now there will be more crypto in the market because until now many people is supporting  snd investing in ico.
Crypto market is full of coins and now days more new coins are designing and introducing in the market which are also of great importance because they have golden examples and making their new coins more responsive but will take time to reach at the top and to gain momentum. In case of crypto coins we can not forget the Bitcoin and if you want to invest then choose it as your first priority.
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July 11, 2018, 06:29:14 PM
 #731

Is indeed that there are a lot of cryptocurrencies in the system but I dont all of them are genuine. I believe those scam ones will be eliminated from the system automatically because its value will lose in no time.

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July 12, 2018, 06:36:51 AM
 #732

It is good for us because we have an option for us to choose on starting an investment but each crpytocurrency has its own risk for us to take when starting an investment or planning to trade in. So it is best to learn and try to read experience for those people who take investment and trading as a source of profit and income. Because experience is one of the best information we get here in forum to support our goals and dreams with the used of cryptocurrencies.
Now people are confused to see a lot of cryptocurrencies in the modern market and we are also gazing at all these cryptocurrencies because all the modern technologies are responsive but we can see clear difference in values. Now we are in position to decide either goes for long term or short term we will get benefit. Go for long term wit Ethereum and the Bitcoin especially while for short term choose Altcoin and Litecoin.
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July 12, 2018, 07:36:50 AM
 #733

In positive ways, with many cryptocurrency we have more option to investing our money because every crypto have different purpose and different market. In negative ways, new investor will facing dead coin/token and inactive project in market.
I am agree that crypto market need regulation because peoples who investing on dead project must be suffering loss and it will reducing trust on this market

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July 12, 2018, 11:53:25 AM
Last edit: July 12, 2018, 12:15:30 PM by alexsandria
 #734

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.
There is no doubt that right now there are so many cryptocurrecies and i am sure that there will be more crypto will be made and will list on the market before this year of 2018 will end but i have some advice for all those investor, just always invest on a coin that have future.

 
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July 12, 2018, 12:12:41 PM
 #735

more crypto currency will be more profitable for bounty hunter. they have more chances to earn money from bounty campaign. but the chances of a scam project are also getting bigger.
There is no doubt that right now there are so many cryptocurrecies and i am sure that there will be more crypto will be made and will list on the market before this year of 2018 will end but i have some advice for all those investor, just always invest on a promising coin.

You are right, as time passes by more and more coins and tokens are created and it is really hard to tell how stable those project will be in the long run so we really need to be more careful in making investments.
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July 12, 2018, 04:59:44 PM
 #736

There could be plenty of cryptocurrencies but people remember only limited cryptocurrencies. because those are the only reliable projects. I think we don't have to worry about the number of coins that available in the market. because naturally, useless shit coins will disappear themselves with the time.

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July 12, 2018, 05:08:14 PM
 #737

Yes, it must be set up to handle the new Cryptocurrency. besides the new ICO must also have a regulatory body, because now many ICO Counterfeit, this is very detrimental. There should be a list of ICO boards showing genuine or fake ICOs so we do not have to worry about fraud anymore and we minimize fraud.
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July 12, 2018, 06:31:06 PM
 #738

As such, there are thousands of cryptocurrency every day, making small investors have to bother thinking. One of them is fraud, if you do not find out the loss of money is obvious when you invest in. This has made the state's cryptocurrency more skeptical.
quesi_job
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July 12, 2018, 06:41:39 PM
 #739

The world's adoption of cryptocurrencies has lead to the rise of bad hands. It's relatively easier to start a project just to raise huge sums of money to the innocent souls. It about time we pay much attention to the projects we contribute. Comprehensive evaluation and security protocols must be laid down help people not to fall, victim cancer!
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July 12, 2018, 07:27:31 PM
 #740

I think that there is no need to make rules on this issue, let competition determine the quality of the crypto currency. we have the same rights, but they should best use their currency to attract many investors.
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