So many cryptocurrencies !

[KingScorpio]

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 ?

they all have the same legitimacy like bitcoin, not more and not less. and they all have same substance, there is actually and should actually be no privilege for bitcoin there is no reason for that.

[Sled]

IMO, having too many cryptocurrency projects are not the major problem, seeing that even the exchanges themselves have take course for action to that effect - as many currencies fall below the trading threshold get delisted (among other criteria). However, a consolidation of most of these technologies appearing to have similar infrastructures and solution metrics should be considered. Then, we'd have more organization, as companies will come together with bits and pieces of solutions to bigger problems and solve them symmetrically.

Each of these companies could coalesce and maintain their individuality, and profit from shared resources, and still gain economically.

Sadly, we only treat these digital assets as trading, mooning, or Lambo-breeding instruments. Hence the extravagance.

I agree that having a lot of cryptocurrencies is not a problem and we should be thankful that there is a lot of cryptocurrencies because we can grab a lot of opportunities that we might see in the cryptocurrency space, it is all about looking for the good and not the bad which can help us to become better and successful.

[olumyd]

I'd like to see each of those 1600+ 'currencies' or 'projects' if you may, as a piece to a larger puzzle. If there are no copycats among them, then we have over 1600+ solutions existing to blockchain problems. Which means that integrating these solutions in a wholesome manner can be more rewarding and advancing for blockchain enterprise than setting regulations.

[binghope]

With the mobilization of capital through the program ico is always one of the most attractive ways to mobilize capital. Perhaps the market never collapsed because there are so many coin only the coins are constantly falling.

[stellgod]

Every crypto has a different purpose in the blockchain and some of this is very important . But most of all crypto are in trading purpose only . Mostly crypto is from ico`s , and every ico`s have a road map and whitepaper it is very important in every ico. This is my only know about crypto.

The basic purpose is to improve the economy of man and hence a country. Bitcoin is one great crypto currency and it has numerous advantages and can really have a good effect on the growth of a country. It not only employed people but also gave them financial freedom and the freedom to invest without any hurdle which otherwise would never have been possible in monopolistic or monopolistic market structure. There are so many crypto currencies right now in the market and all have their own magic.

[Ucy]

From my experience in crypto world I am beginning to believe that the more influence government has on the economy the worse the economy becomes. I live in a place with a government that prevents many people from establishing similar Companies/industries in order to be able to control few owners. If you refuse to be controlled the political elites will frustrate you until your Business is destroyed.

Too much government in business is the cause of underdevelopment and poverty. Government is obsessed with controlled.
Crypto community must do everything it can to prevent government from interfering with cryptocurrency business.
 

[putriangel]

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 positives and negatives if more and more new crypto currencies are emerging as well as each currency crypto must have its own roadmap if we look at every ICO certainly different, although there are some ICOs that just follow some roadmap from existing ICO. But I prefer the positives, because the more crypto currencies people in the world are also increasingly knowing that the crypto currency is valuable.

[Roomshambles]

The more crypto I think it's a good thing because more and more people will be interested in any altcoin that has its own roadmap. Each ICO must have its own interest.

[Yarsk]

Most time I think that the world doesn't need so many cryptocurrencies and again with the failure of most of those coin which always lead investors to lose the money and at the end giving the entire crypto community a bad image, all we need is to embrace bitcoin and make it more popular and generally acceptable.

[Amanda Green]

Yes, there are a lot of different ones on the market. It is so easy to be lost. Everything could happen, therefore, the smartest way to invest in digital assets is to build a well-diversified portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.

[Sergexzx]

before investing remember to read the whitepaper and learn about who is in the project!

[ggezlink]

The decentralization of cryptographic money is the one motivation behind why numerous individuals and financial specialists enter in crypto world. Couldn't care less if there are such huge numbers of cryptographic forms of money that contend it's other. All things considered ,I think it is good,people has a great deal of decision if what coin they need to contribute. Rivalry is dependably there in crypto showcase since the start and now that there are such a large number of digital money revolving the market we can have a feel on who can survive the longest

[thefatman82]

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'm wondering how many cryptocurrencies are existing by now since there is quite serious amount of time passed from the time that you have posted this article, anyway I'm thinking that this is positive more than this is negative.

[erominer]

yes and most of them  are scam.

[mybtcasset]

cryptocurrencies will boom due to market explosion we cant completely believe how many coins will be finally successful

[Joe103]

Too many cryptocurrencies bring more confusion. Some of them may not even see the light of the day. I think something need to be done to control this.

[Sarastiche]

The cryptocurrency space is still an emerging space, several coin coming up daily, sure many will go into extinction and the real token with a major project to back up will remain, couple with a form of regulation and  policy that is sure to creep into  the space, adding value to the cryptocurrency space

[Roukawa]

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 ?

Out of all cryptocurrencies we have, most of them are just shitcoins. There are cryptocurrency that pumps for just few days or hours then dump forever. The ICO price did not follow and I don't why it is. If I am an investor, I will not lend much of my money in new ICO because when they are on exchange, prices down. I think that the continuously grow in terms of number of cryptocurrency is not good and it just lead for a destruction of cryptocurrency.

[repzaj]

yes there is it. cryptocurrency still growing and growing. they are so many alternative coins that can use to exhange to a major coins and sooner or later there will be a lot of any kind of crypto will come.

[gurang]

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 ?

they are so fierce that they are interested and because they are working so much interested because they see good examples