Increasing number of altcoin (Good or Bad)??

[CryptoTamer]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

Good if the projects of New Altcoins have a fresh concept and continues to be developed. Bad if their project just copies another project concept with little development or their project has no progress.

but unfortunately, most new Altcoins that appear on the market are Shitcoins even some project teams can't fulfill their promise, many project teams are doing a smooth scam to their investors and enjoying project funds to enrich themselves. scammers may swap the project funds to FIAT and this will be bad for Crypto market

[mazezizi]

Quantity does not matter, what matters is quality, we would be better off having 10 fantastic projects than 1000 mediocre projects. Many projects leads to good competition but it can also lead to a market which is less attractive for investors because they have to pick their way through all the crap projects.

Yes, I agree with you. I think that before 2020, many coins will disappear. Quality is the most important thing. Many coins now want to come in and make money, but I think many projects are not good and the market may need a better period of growth.

[randythered]

Quantity does not matter, what matters is quality, we would be better off having 10 fantastic projects than 1000 mediocre projects. Many projects leads to good competition but it can also lead to a market which is less attractive for investors because they have to pick their way through all the crap projects.

Yes, I agree with you. I think that before 2020, many coins will disappear. Quality is the most important thing. Many coins now want to come in and make money, but I think many projects are not good and the market may need a better period of growth.

Yes, I'm sure we will experience something similar to the dotcom market whereby a huge amount of the companies that were around in the early years and raised huge amounts will disappear. Then we will be left with a select few dominant coins. Crypto has been too cash rich lately and that's why bad projects have been able to thrive.

[EddyCC]

More competitions is not bad. Blockchain can be adopted to every field, so more altcoins will be created, and bring benefits to investors and companies.

[zdvizh9090]

well, because there is a large selection of good companies, many take off, but it's bad because there are so many weak projects on which you can lose a lot

[kingdomofhearts]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

Majority of these altcoins are going down soon. The problem is that a lot of altcoins have projects that have been set up only to gain more and more money. Those will surely go down in the future

[Mr.Freeman]

There is such an idea that the alcoin will be exchanged for that crypto currency, on whose blockbuster they are issued. For example, ATL (Atlant on ETH, and THEKEY on NEO.

[gudvin1988783]

I think that now there are a lot of altcoyins and every day their number grows. Most of ICO and altcoyins do not need a   at all. These are the usual bonus programs and they could exist without a blockchain of technology.

[sukoyomi]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

in my opinion, the new altcoin could have an adverse effect on crypto, as many current altcoins have no potential, such as ico. there is so much fraud, and the altcoin we get from ico is just rubbish, and has a very cheap price, plus airdrop is also very much, thus making all traders and investors begin to doubt with it all.

[meldrio1]

I don't know if it is good or bad the market with these increasing number of altcoins, but I'm sure most of them are just temporary coin it will zero value soon we should careful what we invest these new altcoins.

[zmeddy]

Hello, I think it's bad, because it's hard for newcomers to understand all this diversity. Too many altcoins distract attention from really good projects.

[apitico]

I think we don't really need most altcoins. There are good projects that have decided to create a coin, but in fact they do not need it. More often I perceive this phenomenon as company shares.

[abayan]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

Eventually it is both good and bad it depends how we look into them. Most of technologies are created because of then ico and its really exciting while by taking this ico's and other coins we didn't know how safe it is and what are their real intentions of doing this technologies if its for good or bad we will going to know it when it was all working.

[Alaira]

It is good and bad at the same time. The good thing is altcoin can gives a lot of chance to us to invest and make money from investment but on the other hand it makes us litlle bit confused for new comer to invest because there are a lot of altcoin and we also afraid about the scam.

[X-ray]

Hello, I think it's bad, because it's hard for newcomers to understand all this diversity. Too many altcoins distract attention from really good projects.

That's why the majority of newcomers must have learned more about the cryptocurrency. I have seen so many times the newcomers have been creating so many complaints about how complicated to choose the promising project. But this time the promising project is very rare. So many altcoin make everyone feeling confuse.

[ropyu1978]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

actually not, but it is very difficult to avoid the birth of a new altcoin, this is because no regulation can be a legal umbrella. there are lots of useless altcoins altogether, and only a few have the quality and the technology.

[rdzepc]

Altcoins are just like some time bombs. You can't predict when they will die. Their prices are manipulated by people. They may rise several times in one day, or they may be worthless after a few days.It is undeniable that many people just like this gambling game.

[Gontxi]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

today there are many altcoins in the market, only a few have good developments and props. the rest are just altcoins that do not meet the standards, tend to developers just want to make quick money in the crypto industry.

[Somthison]

The introduction of too much altcoins can generate an slow on the growth of the primary players like Bitcoin and  Ethereum which in turn could slow overall market growth and acceptance, plus, too many altcoins create alot of confusion while investing, because there's too many options.

[trecore4]

I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.

Most probably it is good thing only if the projects that are forming these coins are perfect enough. I mean its all about the project really and not the coin. Coins are just symbols for them and way of investing into them with the share holder pass.

They can bring more volume into the total market cap if they are strong enough. However if any project is too good then it can show off the other crypto coins as it will gain more investors than them. But still over all it looks good to me.