So many cryptocurrencies !

[aardvark15]

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 ?

Why should they ‘legalize’ a few? Why can’t they be subject to a free market and let the better projects succeed and the bad projects fail? I just can’t see why you would want to make some cryptocurrencies illegal. It would be like saying that there are too many businesses so we should just make some legal and others illegal. Just let them all be legal and the good ones will probably be the ones that survive.

[diickydbo]

I'm also a little worried about this, where too many cryptocurrencies exist today but only a few (not up to par) are developing or valuable. I am afraid of many people who feel weird and do not believe in cryptocurrency because of the increasing number of new coins.

[PipiPoo]

80% of them will die.
Evolution, just like in nature - self control by natural mechanisms.

dont worry

[balamuda]

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 ?

With so many cryptocurrencies I think that's good, because we can choose and take advantage of cryptocurrency, but we should take the time to research the cryptocurrency we will buy, so we do not choose wrong because not all cryptocurrency will survive.

[trako]

Having too much crypto money is nice in terms of diversity, but there is another direction. We argue that markets are stagnant and that one of the reasons is coin surplus. The investment in the crypto coin is too much and it breaks the trading power. And most of the deceivers. It's hard to understand people. And every day a new medallion comes out. I think this situation should slow down. It's like a file that takes up unnecessary space in memory. It is necessary to find a remedy for this situation.

[mutrang23]

Crypto is always using for fraud, and many criminals use ICOs to legalize their money. And many people use the money to create FOMO and then sell the Shitcoin at high prices to make a profit. The Crypto market is like a big trap, and there are always many pitfalls.

[Grayy]

Regulation is not a bad idea. But too much regulation leads to some form of centralization, where authorities can manipulate things in their own favour. "Shit projects/coins" can pay regulators to get them certified or cleared for the markets. I think people should be extremely cautious by researching thoroughly before investing in scam projects. These projects will die naturally.

[brotherwood12]

that have  pros and cons
the pros is we have much variety to choose what coin what we want
and the cons is some coin are shit and try to scam us

[Naughty Princess]

Many coins are coming into the crypto currency community with different technology and many of them don't really have value and above all it is all duplication of what is in existence which i believe regulation will be the only solution in other to reduce the risk from people who will be investing in those coins.

But you know there are no rules and conditions to make a coin. so do not be surprised if coins keep coming very much. some of these coins even have only replica or duplicate technology. many of them also intend to do a scam. so if there are certain rules and conditions maybe it will reduce the number of cryptocurrency and certainly will reduce the risk

That is true that new coins keep coming and there is no rule that say do not duplicate the project that already exist and if can create new, make that it is really unique. We have to be aware that there are some scam from that created coin and other has no value and cannot even listed in the exchange. There will be new coin as new idea and improvement can do.

[icecube45]

I do not think there will be any bodies in charge of legalizing crypto so there will be only a few crypto. Because everyone is free to create and develop their own crypto as long as they are capable, so I think making a body in charge of legalizing crypto will not happen. Although there are many crypto at the moment but few can compete and many are disappearing because they can not compete. Everyone I think can already choose which crypto is better to be their asset.

[oegarod]

When there is something in need, and the same is found useful automatically more and more similar to the base will get into existence. Similar thing is what we see, when more cryptocurrencies get into existence automatically it gets more strength and becomes more stronger. This will help with the continued usage and growth though it is on a decentralized platform.

[joebrook]

I do not think there will be any bodies in charge of legalizing crypto so there will be only a few crypto. Because everyone is free to create and develop their own crypto as long as they are capable, so I think making a body in charge of legalizing crypto will not happen. Although there are many crypto at the moment but few can compete and many are disappearing because they can not compete. Everyone I think can already choose which crypto is better to be their asset.

There should be a monitoring agency that should weed out some of these cryptos because most of them are clearly scams. This agency should just ban some of these non competing cryptos because most of them just copy exactly what others are doing and are bringing forth nothing new at all.

[boksoon]

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 ?

Because of so many different crptocurrency people are not exactly decide what was the better Crypto going to choose, but for all they have done is based on whose crypto was better price then of course they will into it. I think this time because of a lot of crypto currency no people are stick in one Cryptocurrency, people doesn't any care the Crypto shutting down because of a lack of support of people, the important is  they will get more profit after all. 

[xiwanfd]

If time is long enough, everything will wither. No one expected the death rate of ICO projects to be so rapid last year. ICO project tracking service providers Tokendata analysis said that in 902 ICO project last year, 142 had failed in the process of financing, there are 276 ICO project after financing encountered all sorts of problems, some project slowly run out of money, have a plenty of unexplained disappeared at the end. At this rate, about 46% of ICO projects failed last year.

Not only that, but the actual situation may be even worse than you might think, because there are about 113 ICO is under a state of "fail", they are either team has stopped operating, or within the community has been quietly. So when you add this number, it means that at least 59 percent of ICO projects are "unsuccessful."

Therefore, the encryption market really needs reasonable supervision, otherwise ICO will be doomed.

[Sadlife]

First of all if your going to invest your money make sure you've thoroughly research that specific coin to not waste your money. Surely there a thousand's of crypto currencies but not all of them are scam pick the most trusted, a coin that's been test through time. Even no matter how much it fluctuates it will always recover.

[mornabo]

Legislative corporation in legal and illegally confirmed need to be very necessary. It avoids the fraudulent cheating of cheats. But as we know there is no cryptocurrency to manage it. So it's all returned to the devotees to be able to save themselves and friends around. This is what sometimes the government reminds us to be cautious in investing in the crypto world.

Yeah some governments have actually given their attention by giving statements to be careful with ICO investments, many developers who might be scammed and fraud, the absence of controls makes a lot of coins popping up with various purposes, you should be able to know which project is right true real and fake

[cryptotenoy]

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 ?

There were so many cryptocurrencies that exist nowadays that made us confused what coins to trust.The market has already becoming so populated with new coins and its making the cryptocurrency world polluted with scam coins that most investors were victimize.Once those teams of developers make a platforms for ICOs and after the crowdfundings investors money will fade like memories this will alarmed investors to trust again in ICOs.Investors must set strategic ways on choosing ICOs inorder not to become a victim of scammers and frauds.

[laravuemaster]

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 ?

It only means that the community of cryptocurrency is keep on growing but still there will be coins that will eventually die since not every coin does really have the potential to grow even more in the future.

[Olalomi]

There is nothing bad in having as many cryptocurrencies and exchanges  after all there is increase in the global population and many are diverting there investment into Cryptos and all these Cryptos addresses or are a solution to one project or the other thus gives room for choices of interest to an investor.

[KEPLER99]

I don’t really see it as a positive thing, seriously it is affecting the community, but that’s for those who ate careless. And for legit exchangers who are starting up new, trust me it is not always easy for them due to the scam problems and lack of trust everywhere. Well, before getting into this kind of business, anyone who is doing it, whether individuals or group of people (like exchangers) should know that it is not easy and that there are also risks involved.