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Author Topic: So many cryptocurrencies !  (Read 6164 times)
nur rochid
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June 09, 2018, 03:59:06 AM
 #301

So many cryptocurrencies of course is a good thing, of course this is a tough competition and we will get a good coin, coins that have no future prospects will be automatically abandoned users.
The market competition getting strong and only those coins which have a good prospects surely survive and others will left behind. That's the reason why it happens that more coins are becoming dead and getting into shit coin flooded in the market. Only devs and investors help them out and compete again.
especially if the government later set cryptocurrency, i think only really project that can continue ico. but as investors will be more secure because few scam projects that create junk coins
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Cangkeman Wae
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June 09, 2018, 04:03:11 AM
 #302

So many cryptocurrencies is a good thing for the competition, it will make natural selection so that only a good and perfect coin can survive.

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June 09, 2018, 04:09:40 AM
 #303

So many cryptocurrencies of course is a good thing, of course this is a tough competition and we will get a good coin, coins that have no future prospects will be automatically abandoned users.


Yeah, but sometimes we cannot avoid some good cryptos at first then will turn to scam soon once all their plans was not met and if the project will not have enough support from the investors and many members.

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June 09, 2018, 04:54:56 AM
 #304

So many cryptocurrencies is a good thing for the competition, it will make natural selection so that only a good and perfect coin can survive.
it all depends on the developer and dev team to be able to make their coin can grow. because they make the cryptocurrency forward
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June 09, 2018, 05:24:35 AM
 #305

I agree with you, a lot of currency might affect the crypto world. People will look into different coin and can be happrn to buy a fraud currency wanting to scam people. Those good ICO can end into unsuccessful. Investor will be separated and those legit project need a buyers might turn into few investor. Just like you hoping to be strict in purchasing a project

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June 09, 2018, 05:43:09 AM
 #306

Yes there so many cryptocurrency nowadays  and everyone  need to be wise for choosing  of investment.  Because theres alot of ICO making scam. If you want  sure  investment just join in trusted ICO.
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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June 09, 2018, 05:49:48 AM
 #307

So many cryptocurrencies is a good thing for the competition, it will make natural selection so that only a good and perfect coin can survive.
it all depends on the developer and dev team to be able to make their coin can grow. because they make the cryptocurrency forward
you are right. a coin can not survive if its dev can not develop the coins they have. moreover there is now so much competition in the world of cryptocurrency. well, it will make a lot of coins drop.
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June 09, 2018, 07:10:30 AM
 #308

Yes, more and more cryptocurrencies are born, it represents a project, a business strategy, a new team, a new exchange. This makes the market appear more coin garbage. It makes investors anxious. So, pay attention to investing in a certain coin

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June 09, 2018, 07:31:28 AM
 #309

Yes there so many cryptocurrency nowadays  and everyone  need to be wise for choosing  of investment.  Because theres alot of ICO making scam. If you want  sure  investment just join in trusted ICO.
With more crypto coming in the market, there are some profits and losses as well. Good thing is, there become more chances available to everyone to get in these crypto and start earning from these amazing coins. But in some other cases, people are losing interest in this crypto world because of fake coins that are not authentic rather scam and eating up people’s benefits.
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June 09, 2018, 07:35:57 AM
 #310

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 ?

Having so many cryptocurrency in the market is just fine because it only means that there are more people today who are interested on starting a cryptocurrency business more than other companies who are just using fiat.

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June 09, 2018, 07:58:01 AM
 #311

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 ?

A lot of cryptocurrency but bit all of them are worth it to buy or to have because most of the cryptocurrency are just another shitcoin that are made because they ahve the money to made a coin but there sre no sense at all. Even if there are a lot of cryptocurrency there are a few of them that are being successful really successful like ethereum because some of them are not getting much attention because there are a tough competition out here. Only the first to come are the one will succeed
goldade
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June 09, 2018, 08:15:36 AM
 #312

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 totally do agree with you that with so many cryptocurrencies, there is an increased chance of fraud and this I believe can be curbed if there is a cryptocurrencies organization that regulates the use and distribution of coins. Most of these coins are just created for token sale and thereafter are valueless.
However, I think the people who are into cryptocurrencies should also take part in the regulating exercise. If people do  not invest in these cryptocurrencies during their token sale, they gradually get filtered out of the market.

makoto_takemiya
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June 09, 2018, 08:21:22 AM
 #313

In general there are too many altcoins/tokens, which hurts cooperation; everyone wants their own coin/token to succeed, so their is a disincentive to collaborate with other projects. Ideally economic incentives could be created to bring many actors into the same cryptoeconomic system.
KingScorpio
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June 09, 2018, 08:25:31 AM
Last edit: June 09, 2018, 08:37:01 AM by KingScorpio
 #314

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 ?

a body that legalizes only a few?

but with what justification,

the creation of bitcoin was illegal, and very selfish itself, why are others now banned to do the same?

cration of the first cryptocurrency broke a global taboo, that money may only be created for the regional benefit of all not for the private enrichment of the few.

there are more than 30.000 cryptocurrencies in existance now.

creating and marketing bitcoin itself was illegal, now how can someone define what is illegal or not, who was illegal in the first place? the shadow of illegality lies over bitcoin.


oh and one thing more, when there will be a legal body, (like national socialism in germany) drivien by a popular support, it will also exclude others,

it will also be opposed. etc. and most importantly the legal body will create its own cryptocurrency trying to exclude and illegalise as many others as possible especially the poor and weak ones.

KingScorpio
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June 09, 2018, 08:33:37 AM
 #315

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.

There's a big competition in cryptoworld and I just realize the there is too much coin circulating the market which I see a very risky market since not all coins is true and can generate profit. Someone should really control this, yes they need to compete in order for them to survive but the question is, is it safe to invest on that coin, is it worth it? A hundred of exchanges wow and yet many are still staying on the big exchanges with a great trading volume.

this competition will lead towardsa situation in which you can sooner or later trash the entire internet,

first they will create new indexes which favour their "markets"

bitcoin also created its "own" market

and bitcoin created also its "own" index" bitcoin didnt competed it created a new environment,

we might see that repeating over and over till no one gets whats going on,

additionally we will get divisions like "devental internet" in which groups try to create a mental realm for their sheeps, where they then can brainwash them with their agenda.

regards

KingScorpio
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June 09, 2018, 08:39:22 AM
 #316

In general there are too many altcoins/tokens, which hurts cooperation; everyone wants their own coin/token to succeed, so their is a disincentive to collaborate with other projects. Ideally economic incentives could be created to bring many actors into the same cryptoeconomic system.

money is power, it was illegal to create bitcoin, and money defined and divides into the few that hold power and the many that are being reduced to become their money earning cattle.

this is why you will never be able to limit the amount of cryptocurrencies without violence and why the internet will constantly try to change the informaiton war so others also can obtain power, you would basically have to create a national socialist envitonment, to calm down a lot.

redsun114
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June 09, 2018, 09:17:36 AM
 #317

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 ?
Okay… like which cryptocurrencies are the few that you’re expecting to be regulated? Bitcoin or ETH? Cause anyone of these that’s get to be regulated will lead to investors losing complete interests. Come to think… what are the main reasons why people make use of Bitcoin and all these cryptocurrencies? Based on my research and asking questions, the main reasons are to escape the system having money being controlled by the government and banks and also to be able have some privacy, which is what cryptocurrencies offers to users.

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KingScorpio
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June 09, 2018, 09:21:03 AM
 #318

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 ?
Okay… like which cryptocurrencies are the few that you’re expecting to be regulated? Bitcoin or ETH? Cause anyone of these that’s get to be regulated will lead to investors losing complete interests. Come to think… what are the main reasons why people make use of Bitcoin and all these cryptocurrencies? Based on my research and asking questions, the main reasons are to escape the system having money being controlled by the government and banks and also to be able have some privacy, which is what cryptocurrencies offers to users.

soon you will have people that escape their "time" and "work" into a government, that controlls a currency because they want to protect the value of their work and time

regards

validavi
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June 09, 2018, 11:12:40 AM
 #319

I also do not like the idea of so many crypto coins. I think 20-30 are more than enough.
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June 09, 2018, 11:18:05 AM
 #320

this is really easy to understand because only the top coins can make a difference just like in the fiat world

Well theres so many cryptocurrency but there are only few of them are legit and has a bright future, but the most popular and well known crypto coin is bitcoin, because bitcoin boom on last year of december, it rises rapidly and many people waking up for that performance, and now ethereum is slowly improving and somebody says that ethereum is the next bitcoin, so now lets see what ethereum become in near future.
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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