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Author Topic: So many cryptocurrencies !  (Read 6270 times)
wozzek23
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June 16, 2018, 05:18:22 AM
 #461

There are indeed too many cryptocurrencies popping up here and there and 1624 is indeed a large number. The thing is, there is nothing we can do about it because crypto was developed to further enhance our freedoms. Freedom from corrupt banking institutions that aim only to take our money. By limiting creation of new crypto, we risk being the same institutions we were trying to prevent in the first place. Just forget the other shitcoins because they won't matter. Only the real projects will remain in the long run anyway.
At this very moment, there are more than 100 crypto coins which come under the flag of the crypto currencies but there is no way that we can trust each crypto coin which is there are there are so many coins which are not this much worthy that you should go for investing in these coins. You need to be sure that you are investing at the right place and that you will be able to make some good earning then.
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perfect999
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June 16, 2018, 05:24:48 AM
 #462

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,
Having more number of the crypto currencies in this world gives us more better option and that we have more choice to invest our money. The only thing which we need to do is that we must make the best possible use of this opportunity and that we must go for investing our money in a coin which can then help us in having the most profit for our better living. Think and study well before making any final choice.
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June 16, 2018, 05:57:27 AM
 #463

It is a good idea from the OP but we all know that competition is a nature on this kind of industry that's why more coins are popping-out from nowhere with same ideas like others. people nowadays grab the opportunity if they see that there a lot of potential and space to grow.

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June 16, 2018, 06:04:30 AM
 #464

I think more and more crypto more options for us to choose the best cryptocurrency and it is very good for the development of crypto world, Undecided
In earlier days of this crypto world, there were only few coins that were available in the market and people had so low and restricted choices. So they can’t just made some good results because of a narrow stream of coins. Some of them were good coins and some were bad so results were not that much satisfactory. But for now, increase in coins make this problem solved and you can chose best coin.
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June 16, 2018, 06:09:20 AM
 #465

It is decentralized currencies and free from any one control so no body can stop the growing of crypto and few of them is using by most of the people while it is good to have these because the future is depending upon it and those who want to be in active position i think they should hold it.

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June 16, 2018, 06:53:52 AM
 #466

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

All the currencies are only built for good way there is no other hacking will be possible but some of them that place so choosing a best currency is very hard job so we could do many researches far away investment before investing take more time it will help you very much .
Choosing good currencies is not hard. It is very easy because if you look the chart you will find best currencies of the world. You can decide from the investment capital of a coin that is it reliable or not. When the investment cap is high it means that it is authentic and more reliable. You can also invest in them and keep avoid from new crypto.
Zachwolf
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June 16, 2018, 07:31:38 AM
 #467

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.

They are not crypto currencies. It is an alternative coins that belong in crypto currency world that has value and can made people lifestyle change. But it depends the market of BTC and ETH.
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June 16, 2018, 08:33:37 AM
 #468

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, I think diversity is always a good thing and we should not be afraid of it and I do not think it necessary to make rules about this issue, let 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. So, Lets see
bristlefront
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June 16, 2018, 09:09:09 AM
 #469

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 more chance of getting loss on trading since some of them are losing hope due to many competitors on market. I'm afraid that I could left cryptocurrency trading because of this. There are many promising ICOs but some of them are having a hard time to introduce it because of competitors and of course it is for the sake for their business for not making them cooperate to each other (for the same project ICOs).

lol1yatme
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June 18, 2018, 06:22:25 AM
 #470

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 are so many cryptocurrencies and token they are so many and they have a variety purposes. And also they are many tokens or cryptocurrency that scam or shit coins thats why I always read those white paper and the road map of their project so they would not scammed me. Cause I know who are the real and not.
indeed there are so many cryptocurrencies for now, as there is so much competition in the world of cryptocurrency. well, many ICOs are being created for now to attract investors. and, the old cryptocurrency must make progress so as not to be lost.
Yeah you are day by day the number of investors is increasing and so the cryptocurrency in the market. For new investor I suggest never invest in new ICO because many of them are scam and it will take all your money. Better to invest in reliable and trustable coins no matter what the price is. The future is bright of cryptocurrency and good currencies will lead this market.
bitcoinrays
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June 18, 2018, 10:12:47 AM
 #471

The bubbles that are being pumped may eventually burst and 90% of the crypto will collapse. Only a few crypto will be the google, amazone, facebook new era.
Oh God 1624 crypto is very huge number. Selection in such a huge market is very difficult and there is also a thread of scamming. I will never try any anonymous crypto because I have limited investment and I will try to invest in some good currencies like, bitcoin, Ethereum, litecoin, Ripple or Liza. I believe in these currencies and they are credible in the market.
kalidos
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June 18, 2018, 10:21:36 AM
 #472

you can't deny the frenzy right now that COULD net a huge short-term profit (which you can then re-invest into your long-term holds!) , it's pur speculation phenomen
GrayFullbuster
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June 18, 2018, 12:30:47 PM
 #473

There are many cryptocurrencies and there are only few cryptocurrencies that have potential and have bright future in the cryptocurrency market. I can say that we should research well before we make investment with profitable altcoins.

evader11
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June 18, 2018, 01:09:25 PM
 #474

Even though they have many cryptocurrencies but still only few crypto are legit and most of them are scam so we need to be careful on every bounty project we've participated so we won't be regretful of it then read and understand all of their information so we will know if it is reliable or not.

Savemore
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June 18, 2018, 01:20:55 PM
 #475

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 ?
You should find a good cryptocurrency that can help you to become successful investors. This forum can help you to find a good altcoins that have potential in the cryptocurrency market.
Angela28
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June 18, 2018, 01:23:34 PM
 #476

Do you know how many crypto there are in the world today? Do you see that enough to circulate and meet the need to use today's crypto coins? In the future we will have many crypto coins like that
topkhai
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June 18, 2018, 01:38:41 PM
 #477

It is difficult to organize them because of the present system and freedom. Some fraudsters take advantage of this. Decentralized systems provide an opportunity for them. People who use crypto hope that their identity isnt showed, as opposed to what usually happens when we buy commodities online on the Internet using a credit card, where we have to enter personal details to verify the bank we use
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June 18, 2018, 01:39:11 PM
 #478

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 ?

Although I think some regulations wouldn't hurt, I strongly disagree with your assertions. I support the free market where anyone can create a crypto they believe will make this world better. It's up to us whether support it or not, but we have no moral right to forbid the creation of new altcoins. Everything evolves through tough competition and that's why regulatory economics always fail in the end.

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bealjulian
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June 18, 2018, 02:24:00 PM
 #479

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. 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
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June 18, 2018, 02:24:11 PM
 #480

It will increase the coin in the market. So it not use the all country people. So many coin is help to people choose and invest for the future growth. So it help to people invest so many coins. People will be gather more information and plant to invest and complete the work on time. This is no different than what we see in the real world where two stores open in the same street that offer the same products, if there is not room for both of them this means that one will disappear and the one that is left standing will come out stronger
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