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gabmen
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July 24, 2018, 01:31:36 PM |
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There are so many cryptocoins popping up everyday and most of them will die without any product, better to do research before investing
Exactly. Everyday there is a lot of electronic money, this is a lucrative opportunity that investors are very interested. But many bad guys take advantage of this opportunity to create projects to scam the market, take all the investment money of people. Be careful to be careful before joining. Well that should be automatic for any sensible person if he's going to invest in something. Though the crypto market opened up a lot of opportunities for investors, it also gave scammers another method of taking people's money. |
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bitlind
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Activity: 252
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July 24, 2018, 06:20:51 PM |
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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 ?
Cryptocurrencies I really a significant amount right now, and this is also positive thing because we don't need to be concerned about those which are forgotten already and also those which are just a tokens off a project and nothing more. |
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Usmanmuhon
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July 24, 2018, 07:13:41 PM |
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I think every crypto currencies has their own roadmaps and it is their responsibilites, developers, to take the road that in their mind, will make their crypto successful. There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.Small companies often are at a risk of shutting down with so tough competition.
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Doell
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July 24, 2018, 07:27:13 PM |
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I think every crypto currencies has their own roadmaps and it is their responsibilites, developers, to take the road that in their mind, will make their crypto successful. There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.Small companies often are at a risk of shutting down with so tough competition.
well small companies cannot compete with crypto which is already large it will disappear over time ,but if diligently expanding the network or expanding relationships for development ,it is a possible that even small companies will be able to competition with others cryptocurrencies |
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horse_white
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July 24, 2018, 07:34:31 PM |
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Too many cryptos, not enough time. Where to begin? No one really can sift through the huge pool of available coins themselves so yes, certainly we need something to organize it. And push out those scammer ponzi schemes.
It's not much different from the dot com bubble as far as the idea goes. Some groundbreaking new technology comes along, everyone dumps their money into it, a lot of it fails, people get hurt, then we pick up and start again. Whether that means a new coin altogether or just a new system of regulations to manage it, we will see. But I bet that if there is a major crash, established regulatory bodies will come rushing in to "protect" us and in turn monitor everything.
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Yarsk
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July 24, 2018, 07:50:42 PM |
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To my the cryptocurrency space is being operated as two bitcoin which is the mother coin to alternative cryptocurrencies because after bitcoin any other digital currency are all the same. We only need one single digital currency which is bitcoin every other tokens are just utility coins.
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frankiemalton
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July 24, 2018, 08:01:48 PM |
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Each Coin has its own way of utilizing blockchain tech it seems and many are backing for some sort of project, game, or app. From a newbie standpoint, each coin is almost like a corporation that has stock on the stock market. I know that is a VERY simple way to think about it.
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AleSergio
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BuyAnyLight - Blockchain LED Marketplace
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July 24, 2018, 08:08:35 PM |
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Nah i don`t think that they need to be regulated, there are a tons of projects that have the same idea behind them and thats useless. As i see that a lot of alts will just disappear in the future and only maybe 50 of them will go to the top, with great projects and concept, at the moment there are a lot of trash coins out there, but also there are some diamonds which are just hidden behind the big trash can.
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kasturi
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July 24, 2018, 08:44:46 PM |
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Nah i don`t think that they need to be regulated, there are a tons of projects that have the same idea behind them and thats useless. As i see that a lot of alts will just disappear in the future and only maybe 50 of them will go to the top, with great projects and concept, at the moment there are a lot of trash coins out there, but also there are some diamonds which are just hidden behind the big trash can.
It seems that there must be a clear regulation so that in the future there will be more good projects created, unlike today even though more and more projects are coming out every day but we ourselves are confused about choosing it because there are many projects that ultimately scam or stay by his team unclear and make the token die on the market. |
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kingkonjac
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Merit: 10
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July 24, 2018, 09:15:00 PM |
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there are so many selling only whitepaper and without any kind of a working product and not a serious team, after the market has settled down and the things become more professional than the majority would disappear.
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udonmez
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July 24, 2018, 09:16:31 PM |
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Most of them are really scam. You should be really careful before investing money. Bitcoin will always be there. ETH is also strong.
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Merritt_Baldric
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July 24, 2018, 09:44:22 PM |
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Regulation of Cryptos!
Everything new is always scary.
Indeed, one wonders if it is not dangerous.
Regulate or outlaw cryptocurrency.
Some countries do not want it.
Do you ask why? Well, it's simple: it’s independence.
A cryptocurrency that is not tied to a central bank and that allows businesses to be independent is frightening.
Certainly, for a good evolution, it is necessary to regulate it.
However, let us remember the first steps of the internet, Facebook and others.
First, we created and then we thought about regulating.
Regulate cryptos? Good idea. Nevertheless, let us not kill their spirit of independence.
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felixesteban
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Activity: 294
Merit: 10
World’s First Decentralized ICO Platform
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July 24, 2018, 11:03:22 PM |
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It sounds nice such a mechanism to regulate all ICOs and to protect investors from fraud. But this kind of structure also contradicts the idea of Decentralization. But if we consider that eighty percent of ICOs are scams, something has to be done. Otherwise, this market will be severely damaged.
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tempebacem
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Merit: 10
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July 24, 2018, 11:47:36 PM |
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There may be a lot of crypto currencies now but if you really have knowledge about this kind of system you know which coins are best to buy and what the dirt coins are. so if you have doubts about buying crypto coins then you must first learn the basics so that it will be easy for you to make decisions because you already have knowledge. and at that time you will learn more advanced knowledge based on experience. This provides an opportunity for anyone to invest and with many opportunities to advance era technology and avoid the cryptocurrency monopoly .
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Lambe Ndumble
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Activity: 569
Merit: 10
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July 24, 2018, 11:57:14 PM |
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It is currently listed over 1500 coins and tokens, and this certainly makes all the coins and tokens do everything possible to become number # 1 even survive, and this month it's a unique fact that when bitcoin prices show recovery, it's actually the price of altcoins seen drop .
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ApocalypseNow
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July 25, 2018, 05:50:49 AM |
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It is just like brand of smartphones. I'm so annoyed that there is so much brand that are getting released in the market and some of them has just the same features just like the others while most of them are just cheap imitations. But those brands did not make it to the top picks and did not make sales and that will happen to the other cryptocurrencies.
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developer101dev
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July 25, 2018, 06:13:50 AM |
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Most of them are really scam. You should be really careful before investing money. Bitcoin will always be there. ETH is also strong.
It does not matter if the market does have so many cryptocurrency because the price of other countries will not grow due to the competition in the market and that is the reason why the growth of the platform is very important. |
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cryptojaani
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Activity: 252
Merit: 71
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July 25, 2018, 06:19:36 AM |
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Most of them are really scam. You should be really careful before investing money. Bitcoin will always be there. ETH is also strong.
It does not matter if the market does have so many cryptocurrency because the price of other countries will not grow due to the competition in the market and that is the reason why the growth of the platform is very important. Most of them are really scam. You should be really careful before investing money. Bitcoin will always be there. ETH is also strong.
It does not matter if the market does have so many cryptocurrency because the price of other countries will not grow due to the competition in the market and that is the reason why the growth of the platform is very important. Regulated or unregulated, centralized or decentralized, as long as their are users,consumers and investors the cryptocurrency world is still going to compete each other in the market. Same goes with the stock market there are still lots of stock to choose whether it is blue stock or penny stock. It is all about on how to survive on the market. Some will grow and some will die and put it into crypto junk. |
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stasiulman
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July 25, 2018, 06:49:06 AM |
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I think unconditionally unnecessary and useless cryptocurrencies will disappear in the foreseeable future.
In the next few years, the world public community and governments will make final decisions regarding crypto. The regulation must be, at least because of the many fraudulent schemes.
And the all unnecessary currency market will sift. While the crypto and ICO - is trend, they will appear.
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cryptojaani
Member
Offline
Activity: 252
Merit: 71
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July 25, 2018, 07:14:09 AM |
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Regulation of Cryptos!
Everything new is always scary.
Indeed, one wonders if it is not dangerous.
Regulate or outlaw cryptocurrency.
Some countries do not want it.
Do you ask why? Well, it's simple: it’s independence.
A cryptocurrency that is not tied to a central bank and that allows businesses to be independent is frightening.
Certainly, for a good evolution, it is necessary to regulate it.
However, let us remember the first steps of the internet, Facebook and others.
First, we created and then we thought about regulating.
Regulate cryptos? Good idea. Nevertheless, let us not kill their spirit of independence.
I agree that there are so many people trying to come up with their own projects in the market but launching the coin is not a big thing. The important thing is the project behind the crypto. One can really escape the risky and fraud coins by doing research about the technology and projects backing it and make wise decisions before investment. The more you keep good knowledge, the more you stay safe in the market. |
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