So many cryptocurrencies !

[Portia12]

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 ?

Not every coin in the market does have the potential to grow because their developers are not working hard in order for their coin to stand up in the market so other tokens are just dead.

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[Xising]

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.

I think this happens because there are so many people, companies and developers alike that want to actually try their hand in developing their own cryptocurrencies, and so-to-speak ride the wave of popularity cryptocurrencies are commanding right now. Because of that, there are so many cryptocurrencies coming out in the market, which makes users quite confused and at the same time unsure of which one to choose, especially when the consideration is the one to invest into. However, there are so many different guidelines that could be used in order to actually choose which ones among them are the better coins.

[Sama517]

The way the cryptocurrencies keep springing up everyday is somehow worrisome and even leaves you confused as to the genuineness of some of the projects. Only a few of the projects really have a plan or an ideology. Some are just out there to launch the currency, pump it, and then dump it. There are some who may never even get their coin or token listed on any exchange and will end up defrauding people. Although, there are still some very good cryptocurrency projects out there worthy of following and investing in them.

[filtyfrank251]

sometimes even the tickers can confuse an individual.some of the altcoins end up having the same symbol so at the exchange people get confused. They are indeed a number of coins around in the cryptocurrency world so sometimes I wonder if something can be done about. Maybe one day there will be a way where all coins can be merged in a way that will make it easier for users

There are a lot of coins on the market today that are a huge barrier for new investors because it gives them a false sense of security and can not decide on investing in crypto. Also, at the moment I think that about 95% of the projects that are selling ICOs are scams so the cryptocurrency market is even more panicked.

[b_oo]

There are  a lot of horrible coins, and so many good coins that get lost in the craziness. Just have to figure out a way to find them and determine if they have a future in this market.

[Norihiro]

That's a very sad truth - nowadays market is just overflowed by various currencies, most of which make zero sence of existence.

[maraclariss14]

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.

Exactly, with the number of altcoins in the market and the quantity of it is a good choice for us , It will give us a chance to get more profitable source of income. especially on trading and other areas.

[Malaya]

Share your opinions below , do you think it's positive ?

There are so many cryptocurrencies in the market right now. But not all are advisable to invest. Many are listed but the price did not even reached the ICO price making the investors lose their investment. Though there are good coins for you to choose but you cannot blame those if the price of bitcoin goes down. It is part of the market.

[entrepmind23]

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.

Every day there is new Pre-ICO or ICO that the bounty hunter can join but then out of all the new bounties that are launch, maybe more than half of that is just scam or maybe not scam but the ICO will fail resulting to return of investors money and the work of the bounty hunter will be in vain. This is the reason people should choose carefully what projects to join because they may join a lot but the one who will pay is less than half.

There are so many cryptocurrencies in the market right now. But not all are advisable to invest. Many are listed but the price did not even reached the ICO price making the investors lose their investment. Though there are good coins for you to choose but you cannot blame those if the price of bitcoin goes down. It is part of the market.

Investors should choose carefully what projects they want to invest in. Some ICOs have been finished for months already but not listed in any exchanges that's why others just choose to buy when it is listed in exchanges because they are sure that anytime they can just sell their coins. More often than not anyway, price would be lesser in exchanges upon listing compared to its ICO price.

[Vineeta2oct]

Crypto can't be easily regulated as it is International market, a country can only regulate it in its boundaries. It can only be possible if some international organisation is created solely for this purpose, which I don't think is easy or going to happen anytime soon.

[Crypto Girl]

I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

Well there will be negative effect on it but will be positive in a long run because regulation can save the cryptos from dying. We should be pushing this because if not all of us will be affected like a domino effect. Obviously, we don't need thousands of cryptos and those who are just established will remain as it can help the community to prosper more.

[tranquangvinh]

Yes ! There are lots of cryptocurrencies and in the future there will be more, which makes investors have more options although they may be cheated by some fraudulent coin. But that seems to be the essence of this crypto currency market, we can not change it and it is also an opportunity for us to look for potential coin to invest. Instead of trying to limit or eliminate fraudulent coin, I think we should find ways to find good coin to invest. 

[TanteStefana]

I am thinking, that this ammount is quite exadurated, because there are so many currencies, but maybe only 70% of them are really circulating and being traded on the exchanges.

[DiabolicAnt]

I definitely think there should be some regulations because the market of crypto must be under reasonable control. Otherwise things may go wrong and it can be unstoppable.

[Bustart]

I definitely think there should be some regulations because the market of crypto must be under reasonable control. Otherwise things may go wrong and it can be unstoppable.

There has been many cryptocurrencies flooding in the market, but some of these might not be that legit. We need to make sure that we do background check, the developers, the team working behind it, reviews, market cap, volume ratio, and more. It's better to keep security and safety of high importance, we must learn how to strategize, and be careful in what we are dealing.

[Prodigye]

It's definitely bad because the bad coins and tokens out there ruin the reputation of the industry as a whole, there has to be a filter to remove the trash projects who just want to cash in on the hype.

[Lubang Bawah]

It must be admitted that there are too many cryptocurrencies today, but for investors of course this is good and profitable because we have so many options that can get the maximum profit.

[feinter]

It must be admitted that there are too many cryptocurrencies today, but for investors of course this is good and profitable because we have so many options that can get the maximum profit.

The only way for cryptocurrencies to truly realise their value is to be used.With so many people working on the over 1,600 cryptocurrencies, while some are admittedly bad eggs, there will undoubtedly be a continuation of integrations and applications for this technology.

[Zigzagkuy]

It's so much cryptocurrency at the moment. New coins are also still coming with different goals and even the same. But everyone can choose which coins are best. So a coin that is not liked then will lose self-esteem and die. Maybe it's the cycle of coins that can not survive.

[market field]

Currently there is a lot of electronic money. This is very difficult for us to select and invest. This is why I invested in a single penny because I did not have much time to learn about other coins.