Competition between altcoins

[cxmyifan16]

I think that btc will be the winner for long or maybe even forever. To my mind, it has a lot of benefits and that's why it is going to be the leading one and I think that ether will be in the market as well close to btc

[project-z]

Each coin has its own functions. And the competition does not grow as you think.
For example: Paypal is not a competitor for facebook

[GermanGiant]

I think there will be many altcoins to die in the future. Because there are more than a thousand cryptocurrency in the world. This is compounded by the emergence of many ICO scams. If you want to invest in cryptocurrency, you have to review it yourself and not follow someone.

[Best Coin8]

I believe that since there are so many coins, then the competition has become even greater. I think that this is good because competition is always stimulating to be better.

[Asmh85]

Competition haven't started yet! What  happening currently is through as much as possible from ICOs to the crypto market to create legal crypto market, But governments will not stand away from crypto market they will intervene and regulates the market then so many coins and low quality projects will die.

[okaypool]

Now there are really a lot of coins in the crypto currency market. And I think in the coming years there will be a natural selection. Some coins will continue to exist and develop, and some will simply disappear.

[okaypool]

Now there are really a lot of coins in the crypto currency market. And I think in the coming years there will be a natural selection. Some coins will continue to exist and develop, and some will simply disappear.

As for the appearance of new coins, this will continue. It's also like in the food market - when almost every day a new kind of drink appears, or chocolate for example. But again, if this coin is in demand - it will exist, no - you yourself know the outcome.

[beerlover]

I also think like that, indeed too many crypto they always compete to lure potential investors to buy their coins, they always try to get their coin prices up but will they last long? I think there will come a time when investors are not interested in their coins, investors will see other coins that they consider more profitable, and their coins will die

That is the idea, there is a lot of demand for investors, and at this point with a super saturated market with a lot of coins and tokens, every project will not want to end up drawing back in anyway and will try to make sure they still do as much as they can to stay on top of their game.

The big aspect a lot of people do not always understand is that, there is no way there would be fast development and growth in a space, if there is no competition, as you will keep needing to think out of the box, to beat your competitors to it and that is good for the consumers which in this case are the investors.

[doroshok1]

I think that for outdoor use you will need only a dozen coins. In recent years, there are and will be new cryptocurrencies. And most of them will die. There will also be competition between cryptocurrencies, and perhaps over time, new, more complex coins will appear on top each time.

[tee-rex]

Each coin has its own functions. And the competition does not grow as you think.
For example: Paypal is not a competitor for facebook

PayPal is not a competitor to Facebook simply because they are pursuing different ends and serve different purposes. PayPal is a payment system and Facebook a social network, they are not competing with each other for their clients. The same individual can be a user of both PayPal and Facebook, using them according to his needs as required. Honestly, it is strange even to see such comparisons.

With altcoins, though, it is a completely different matter as they are all competing for the same money of the same people. if an individual invests in one coin some amount of money, he can't already invest that money again in another coin until and unless he disinvests it first. This is the essence of and reason for competition between altcoins, which is simply not possible between PayPal and Facebook. There's simply nothing for them to quarrel over, unlike altcoins.

[luckydevil2021]

That's right, this is part of decentralization, there is no one controlling everything in particular, but don't be fooled, even the alts are being promoted, only now we have a fairer playground, because everyone can make use of bounty hunters to make marketing events, that's the difference, but still can come a whale with its millions to try to play with the market.

[Isiaka208]

Competition is good yes just as you can say variety is the spice of life. However, the competition should not be at the detriment of investors funds. ICO regulators need to stand up with stringent requirements for new icos and exchanges should delist shit coins to reduce the load on us.

[ataki]

At this stage of the market the altcoins are very dependent on BTC which is dominating. In the future with bigger market volume
I think that there will be competition between coins and they will not move all together with the market. We will see red and green
at the same time.

[justspare]

I think that competition between these coins is one that is actually inevitable and is good for the industry. Each one of them is trying to take the leading position, hence set in a natural position of competition. Thing is at the end of the day, those that are meant to survive, and and those that weren't meant to will die regardless.

Yeah, it is really a very good thing considering that this would make a lot of the devs of each project to want to do their best to make their project stay relevant in the long run. If there is no competition, it is normal to always see nonchalant attitude and slow development since there is really nothing pushing the team. Nevertheless in this case, the push will be strong and definitely will make any team not want to end up slacking and missing out from the potential of their project in the future when another project end up overtaking them.

In the future with bigger market volume I think that there will be competition between coins and they will not move all together with the market. We will see red and green at the same time.

Yes, without generating their own volume in trading, I too believe no altcoin will be competitive enough to race against bitcoin nor against another altcoin. They muct develop their own community first to enjoy such an independent market swings.

[zxl912157]

The point of all that is when there is money then everything goes smoothly.
If you don't have money then everything will feel difficult.

1000 types of altcoins if you have a strong financial structure then I make sure the price will rise for the future.

[the rise]

There are some altcoins that have the function of making these tokens so that we can use these tokens for other purposes, it's true that Crypto has developed very fast and we know that many projects cannot maintain their companies so they are no longer interested in investors and we are all in the economy free so that everyone has their respective roles and needs with Crypto there will also be limits on everyone according to one's needs.

[iljamlnk]

If there is no product behind altcoin ,it will not exist for a long time.So I think in the future there will be only real projects.

[MortonAlden]

Well, this question is not so much about altcoins as such as about free and unrestricted competition between cryptocurrencies, by and large, bitcoin included. I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another. If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?

What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?

Thier are many alcoins but  bitcoin nor against another altcoin.

[tee-rex]

I think that btc will be the winner for long or maybe even forever. To my mind, it has a lot of benefits and that's why it is going to be the leading one and I think that ether will be in the market as well close to btc

It is not that bitcoin cannot die, 'cause such is life, then you die', but it will be a king of crypto for a long, long time ahead. Though this is not the question asked. Here, in this topic, I'm interested in altcoins, and it doesn't look like bitcoin is going to kill'em all. If it were so, they wouldn't have appeared in the first place, right? So there is an evident need for them. whatever it might be, for example, purely speculative interest.

But how many altcoins do we actually need? Maybe a dozen, maybe half a dozen as most coins and tokens are obvious pump and dump schemes that don't even last beyond their ICOs if there is an ICO at all.

[Bharathi13]

I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another.

The presence of competition between altcoins means that users will have the several option to choose & due to decentalised nature of this industry its very easier to compete against each other without governments interventation. Check out the rival of ethereum blockchain EOS there is possibility that dumping in price of the ethreum is done by EOS as they had raised hell lot of funds around $4 Billion.

If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?

We will always have influx of the new coins in the market with different or same concept of the projects & this will give more option for user to choose different different platform as per their requirements & will also put pressure on the project to work more on quality assurance and product developments or their coins will be soon added on the https://deadcoins.com/

What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?

Presently We need clear set of regulations about cryptocurrencies as due to unclear regulation institutional investors are not entering into that market with investment. Already working on this issues are going on by US governments & once they come out with solution than other nations will also follow the same steps or by with some changes as per their jurisdiction. Hopefully this will happen by 2020 & than no one will stop cryptocurrency to hit the mainstream & change the digital economy forever.