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Author Topic: So many cryptocurrencies !  (Read 5525 times)
stely41
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October 09, 2018, 10:56:06 AM
 #1181

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 do think there is a positive and negative about the number of cryptocurrency in the market. First positive, i think its positive cause that means so many start up are think this is the best way to open a new businesses that related to cryptocurrency but the problem is there is too much coin that are useless and have been abandoned and most likely ICO are scam which is a negative think. I do think regulations is important to minimize the number of scam coins and to make the crypto space better and the investors will be protected by it.
The point of creating a new coin was to add a new feature to an existing coin and also solving a problem. However, there have been too many people who saw the success of the ICO's that gathered millions of dollars and all of a sudden ICO started to means something like kickstarter where people started to gather as much money as possible to start their business.

ICO was supposedly be "initial coin offering" however there have been a lot of ICO that used it as "initial startup funding" instead. This caused a lot of new coins a lot of horrible coins at that. Yes there are great ones but they are few and rare in between.
Going forward, we can be sure that ICOs and the cryptocurrency market as a whole will be increasingly subject to regulation. This is a very good thing. Regulating cryptocurrencies will mean that the herd-driven volatility exciting the market will decrease even as the value of cryptocurrencies continues to expand.
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cryptoblazter
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November 16, 2018, 05:54:53 PM
 #1182

There's no big deal if there are lot of crypto currency arise up in this field of business. For what important is we know how to choose on which of

the crypto's are good to invest in when we do trade in the market. Just always check the program of their project if it is achievable or not.

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Today at 01:26:32 AM
 #1183

I do not think it necessary to make rules about the issue, let the competition determine the quality of a currency. we have the same rights here, but they should really give the best for their currency to get many investors.
Right! Let them run and prove themselves how valuable they are in the market. In that way we can weight which is which.
Sure, it is waste our time to make rules. Just let them grow up naturally. We can not know how long will they survive so do not think much about this.
Rhosadah
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Today at 02:12:14 AM
 #1184

With so many cryptocurrency on the market, that is a form of crypto's growing popularity, but on the other hand to get a profit is better to choose a solid cryptocurrency as an investment.
but we have to know where their company is standing, it doesn't matter how much crypto and exchange is, but their purpose and platform must be clear, and the clear legality of their crypto company.

wahyu wida
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Today at 02:27:24 AM
 #1185

With so many cryptocurrency on the market, that is a form of crypto's growing popularity, but on the other hand to get a profit is better to choose a solid cryptocurrency as an investment.
but we have to know where their company is standing, it doesn't matter how much crypto and exchange is, but their purpose and platform must be clear, and the clear legality of their crypto company.
indeed with many crypto available, we must be smart to invest funds especially in altcoin that is not yet established. we must know all about the project, so we can predict its future development

chenhaonan
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Today at 04:04:11 AM
 #1186

This is a process of market development, and people try to reflect their value in cryptocurrency. Future cryptocurrencies must be very similar to the Internet. You must now find expensive coins in the future to invest in it, otherwise the future investment profits will be very low, such as today's stock market.

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