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Author Topic: So many cryptocurrencies !  (Read 6270 times)
vutienthanh
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August 02, 2018, 04:34:39 PM
 #921

I think that with the level of development and the number of ICO born more and more as today is a very competitive market. In order to develop rapidly, the market must be more competitive and eliminate the higher. The amount of coin generated is a lot, but the scenario will be like 2009-2010 with only the real money, real talented developers can run and bring the cryptocurrency world to 1. a new level. From the beginning of July 2017 until now, Coinmarketcap's top 100 has changed a bit with the emergence of new names such as ADA, Tezos, Vechain, Zilliqa ... These are the typical names that replace the old names from the top 100. Of course, the position of Bitcoin and Ethereum has not been shaken in their empire.
bilyboy
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August 02, 2018, 11:45:50 PM
 #922

in fact many of the listed coins are worthless and some of them remain inactive for a very long time, yet look They are worth to be removed to create a space for better and tangible competition into the future and also to avoid new and inexperienced investors to enter their money in a project that ended so briefly, only wasted time in vain for invectors.
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August 03, 2018, 03:04:46 AM
 #923

Ignore those coins that ranks after 100 or just focus on the top 50 crypto and you'll be good. Others are just copy cats and not so long the will just fade away.
why we need to ignore coins outside top 100 .in my opinion they are at developtmen stages, so still have less investor and community.but i am sure while it ready with their product and doing good marketing activity ,it able to reach top 100.

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August 03, 2018, 03:21:09 AM
 #924

How many coins are there in the crypto market? with more than 1000 different coding currencies, offering many opportunities and difficulties for investors.It was created and developed with the simple purpose of replacing real money.
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August 03, 2018, 04:04:12 AM
 #925

Many different cryptocurrencies is not a new thing, however. As early as December of 2014, when the total cryptocurrency market capitalisation was roughly $5bn, there were already over 500 cryptocurrencies being traded. That number is over 1,500 today and grew dramatically in 2017 thanks largely to a massive spike in initial coin offerings. Referred to as ICOs, these offerings raised roughly $5bn in 2017 alone through over 700 new coins offered. While there were definitely scams that simply stole people’s money, the jump to 1,600 cryptocurrencies was definitely buoyed by these coin offerings.
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August 03, 2018, 04:22:28 AM
 #926

Many cryptocurrencies are giving you can get many chance to take much profit, you have many optional to take trade with all of altcoin kinds, you can choose many invetsment with your money to buy or to invest on which one the best altcoin. By many cryptocurrencies investors could take chance to buy all of altcoin to make investment.
zubrr51
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August 03, 2018, 04:24:14 AM
 #927

Yes, there are a lot of crypto currency and every day there are new ones. It is a pity that the market is in decline.

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rmel0924
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August 03, 2018, 04:27:43 AM
 #928

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 ?
In my own opinion, yes it increases the risks of any fraud but we cannot control the number of cryptocurrencies appearing in the market. We just need to choose that can gives good profit and those who have potential in the future. There are lots of cyrpto coins that we need to choose and there are some that are scammed so better watchful in investing.
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August 03, 2018, 05:38:59 AM
 #929

Solution is very simple stop buying sh*t coins.. Then the coins with use-cases will survive 
gamalzour
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August 04, 2018, 06:48:41 AM
 #930

Ignore those coins that ranks after 100 or just focus on the top 50 crypto and you'll be good. Others are just copy cats and not so long the will just fade away.
In my opinion, for earning good money and risk free business, one need to invest only in the top ten coins in the crypto market. These coins are the most desired by the investors and have a low factor of risk with good market popularity. I do not think investment in coins which comes after 10 might incur you a profit like than earned by investment in the top ten coins so it is better to do the crypto evaluation and claim a good asset in the market.
andika2018
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August 04, 2018, 07:47:31 AM
 #931

Many different cryptocurrencies is not a new thing, however. As early as December of 2014, when the total cryptocurrency market capitalisation was roughly $5bn, there were already over 500 cryptocurrencies being traded. That number is over 1,500 today and grew dramatically in 2017 thanks largely to a massive spike in initial coin offerings. Referred to as ICOs, these offerings raised roughly $5bn in 2017 alone through over 700 new coins offered. While there were definitely scams that simply stole people’s money, the jump to 1,600 cryptocurrencies was definitely buoyed by these coin offerings.

Positive think on many crypto currency in market is we have many option to choose and to invest. But the negative is very hard to identify the good project and scam project because with more than 1500 different coin, we can not analyse one by one coin/token or project. The safest option is we choose coin on 100 or 200 top coin in market cap.
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August 04, 2018, 07:53:09 AM
 #932

Its very normal proces as many new projects comting out everyday and more exchanges are good i think as with very big echanges like Binance and etc price are very manipulative.


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Marierobinson16
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August 04, 2018, 08:33:08 AM
 #933

I think there is nothing bad in having as many cryptos and exchanges, after all, there is an increase in the global population and many are diverting their investment into Cryptos and all these Cryptos addresses or are a solution to one project or the other thus gives room for choices of interest to an investor it helps them to be richer in many options.
Kingsingle
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August 04, 2018, 08:47:37 AM
 #934

It's because there are so many coins that the price of coins never goes up, because they compete and occupy too much market share.
Digital_Lord
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August 06, 2018, 11:39:33 AM
 #935

Its very normal proces as many new projects comting out everyday and more exchanges are good i think as with very big echanges like Binance and etc price are very manipulative.

I think there are not really that many crypto currencies at all. First of all almost 99% of those "currencies" are scam coins or shit coins and they worth nothing even though if people put a value on them.
They are useless and not make a dent in the crypto world. Also if you think about how many currencies in fiat all countries have its above hundreds of currencies probably so when you put together the first 100 crytpo coins on the market cap, its still not too much comparatively speaking.

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microwave
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August 06, 2018, 12:24:20 PM
 #936

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 ?

Bitcoin crypto currency is the great crypto ever, even if this is the first Crypto made and pioneer to all crypto currency in almost 1 decade because of a great feature of bitcoin until now people are loved continuously. Sometimes people are disappointed due to their loses but obviously they don't want bicoin become shutdown.
Undermood
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August 06, 2018, 12:37:31 PM
 #937

So many crypto money are very good in terms of diversity. But it's too unnecessary and so dysfunctional. This allows for the formation of a mass in the market. These coins are being prepared and presented to the market with ico. But there is no control over this. And everyone can do the necessary operations and make a coin. There is no end of it. A serious measure needs to be taken in this regard. There are hundreds of ico every year and how many of them need to be considered successful. The market is bad, but this is also because the icon is bad and the market is saturated with the coin.

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August 06, 2018, 02:39:29 PM
 #938

When we discussing about cryptocurrency, when supply is increasing but not followed by demand then what always happens is a decrease in the value of the product and because more and more coins are not necessarily followed by an increase in prices. This depends on the demand for the coin that is the basic regulation that is noteworthy for developers, which in itself will leave the highest value on the coin with the highest market demand.
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August 06, 2018, 02:51:37 PM
 #939

How many coins are there in the crypto market? with more than 1000 different coding currencies, offering many opportunities and difficulties for investors.It was created and developed with the simple purpose of replacing real money.
isnt give us opportunity with this? if we can take 10 percents from total coins in market that have good potency and quality we will able to earn money.dont think from negative view.
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August 06, 2018, 04:02:02 PM
 #940

I also do not like the idea of so many crypto coins. I think 20-30 are more than enough.
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