So many cryptocurrencies !

[tbterryboy]

You are basically wrong, I don't know when you last checked but some of the exchanges has been regulated especially the once operating in countries such as Japan, Korea, U.S.A., and Thailand. This countries early on identified that ICOs can be a cause for a big scam and with this emerging market a lot of people could lose their money, that is why as of right now they have some various screening process as well as types of cryptocurrencies entering their market is being done right now. However fixing this globally could take a while.

If regulations are taking place in these countries, that means they can trace all the transactions. This is painful as holders cannot enjoy anonymity this way but again if it was true or you can say is have a question that under such circumstances, it is not possible for anyone to use BTC or any digital currency in criminal activities. However, this is not the case. People are not being caught for misusing them.

[iv4n]

So many and there will be even more. Making crypto is a thing of a future, tokens and smart contracts that execute in milliseconds will run the world. All systems will be unique in one way, like every system will have it's own token and laws, but all of them will be connected on blockchain.
I didn't saw this few years ago, but I must say that some people already talked about that future and I didn't believe in that back than. Price of bitcoin is 7000 dollars can you believe in that? Ethereum is 500 dollars, very high prices, and new tokens and alts are coming out everyday. People now keep bitcoins safe and they are having fun with all that tokens and new alts, people support many of this new things ans they are future, at least some of them are for sure.

[Coleth]

I think it will still increase specially niw that some banks and countries are accepting blockchains. That is the reason why ICO's are still booming.

[ghost424]

There are a lot of Cryptocurrency because it is easy to make one. Creating cryptocurrencies are taught at different Crypto Platforms like NEM. As long as you have knowledge about Blockchain Technology then creating Crypto will be easy. You first need to consider what platform will you have and if your platform plans to be launch at different countries or just inside the country.

[mejalipat]

no need to worry about crypto currency that becomes very much because not all crypto will survive, strong and able to compete will survive and the weak will be lost, so we must be more selective again in choosing a good coin for investment

[Kakawate]

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 ?

Yes there are so many coins that are out in the market and ready to be bought, and there are lots more tokens that are coming and are soon to be released, you got a point there when you said that the risk of fraud will be much lower if there would be a regulatory board that would make a step with these coins that just keeps on coming.

[wewe123]

There are so many cryptocurrencies in the coin market because , this came from the tokens of the different  ICOs projects who are successfully launched and now became altcoins in the coin index, that is why there are so many cryptos in thr digital world.

[Yusuf77]

actually for the increasing number of cryptocurrency is not the thing that is in question. but now the problem is that more and more shit tokens are popping up and this is very bad

[Yoshinoya]

Yes thats right there so many cryptocurrency in the market, but every cryptocurrency has different functions and used for different purpose.
but i think bitcoin is number one cryptocurency in the world that can be mainstream of financial service all of the world.People now keep bitcoins safe and they are having fun with all that tokens.

[Ann Impas]

I guess it's just normal. Ideas turns into cryptocurrencies. They have their own platform to serve and as long as they provide real world benefit on the products and services behind cryptocurrency then all is good. Many companies turns into cryptocurrency because of the efficiency of the technology. Those project that don't have really value will close and those who provides value will continue and strive further.

[Dheo]

actually for the increasing number of cryptocurrency is not the thing that is in question. but now the problem is that more and more shit tokens are popping up and this is very bad

That's why we need to be very careful everytime we invest our money ,we need to make sure that coin is not a shit coin and make sure about the potential of a coin .

[Kevondo]

I think it will still increase specially niw that some banks and countries are accepting blockchains. That is the reason why ICO's are still booming.

Actually you can never get trapped by frauds as long as you have the fundamental knowledge about the market and the technology. Make sure you invest in a coin with stable prices. This gives security to investment. Besides, one should always invest in an asset with high liquidity and good future return. Being a student of economics, I know there is only one thing that keeps you away from frauds and scans and that is the basic knowledge about the assets you want to invest in.

[@baracitamon]

Yes thats right there so many cryptocurrency in the market, but every cryptocurrency has different functions and used for different purpose.
but i think bitcoin is number one cryptocurency in the world that can be mainstream of financial service all of the world.People now keep bitcoins safe and they are having fun with all that tokens.

Well, today there are many ICO appearances, they release a different coin to raise funds and carry out their own projects. There are many potential coin generators and we can not quantify the amount of coin by type, but in the end they depend on BTC.

[Yamifoud]

Cryptocurrency have really growing out, the numbers of existing coins is an indication that people are adopting crypto as a new form of currency and investment. But, sadly some coins are just coming to dead since it's dev's never look into it after they show it in the market and of course, investoprs won't take such coins since they don't have chances of gaining profit from them.

[totaleclipseofthebank]

It is both negative and positive. More coins mean more opportunities for us to make more money. However, there will soon be a big change on the market. Most of the coin will vanish cause they do not bring any advantages for users. This is the bad side of having too many coins on the market. If you are holding a shitcoin, your balance might turn into zero in the future

[creeps]

Everything is positive on the side of bitcoin because the more that there is new listed coin in the exchanges the more bitcoin becomes popular because all crypto currencies use btc as the payment or exchange for it.

Most of the new coins are base on ETH so I think this statement is quiet not true. Though bitcoin can be a good option if we see too much coin in the market since this is already proven and you can make profit in bitcoin in the long run. Day by day new coins are coming but only those great coins will succeed in this market so be careful on choosing your coin to support for because not all of them are true some are just a shit coin.

[Qeupe]

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 ?

Indeed it seems this is more and more negative news alt increasingly day and more alt which is not useful or not valuable at this time. Because that makes alt just want profit only.

[Hamstead]

A huge numbers of coins in the market it only makes people confusion which one would survive for many years. It happens today that some coins are just sleeping in the corner, and it's dev's are just letting it to be dead.

[kujaroth]

There will always new cryptocurrency that will come out unless there is a regulating body that will come up of a way to minimize the creation of new cryptocurrencies. Or if possible there will be standardization of cryptocurrency.

[Dextroboy]

there needs to be a regulation to create a crypto so that investors are not in a disadvantage if smaller companies lose competitiveness with large companies