Do we really need a lot of Cryptocurrencies?

[automail]

When I started at the crypto world, I thought that there are a lot of services that crypto can offer. I only realized that there are thousands of services offered and most of them are the same and it is redundant. They just keep on copying each others service just to sell a coin. For me, we don't need that many crypto currencies if they are a waste. Its better to have a few of them but offers excellent service.

[warning_btc]

I am think not.
There is too many coins copies from their original one. This coins is totally unuseless.
For exmple bitcoin cash he cant beat and never beat btc, because it unuseless copy

[MOProgress]

In some ways I will say we need them, while in other ways I will say we don't need a lot of cryptocurrencies. One of the way we need them is for competition, it is competition that sometimes make people to get better quality of a service. While on the other hand, many projects are just crappy, they only come with the motive of scamming people.

[grifinmch]

everyone wants a great profit or results from crypto they created in an era which is certainly more advanced. reasonable just because competition will certainly still be there even this certainly be good things which people will create things with something better than the other. the best would probably be a bad choice and would be a waste of coins. no problem even though many who create crypto respectively due to the market demand will certainly choose it is it worth or not.

[iAMawi123]

Yes, I guess we need a lot of cryptocurrencies right now for them to compete against on which is the best among them all. Because there are a lot of cryptocurrencies in the financial field but only a handful are competent and functional.

[tonyja2017]

Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

Because this is a potential market for people who want to start a business. For example, I have a bold and interesting idea, but investors did not trust me and did not invest in me. Forcing me to look to the ICO to attract more capital. that's why.

[mornabo]

Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

There is no need for the increase of number of cryptocurrencies and there is also no need for the decrease. If they want to produce new cryptocurrencies, they have to make sure that the coins they're making are not shit. Because shit coins will only confuse people and make other people's research a waste of time.

There is no any rules and conditions for making quality coins makes many people make their own cryptocurrency, there are hundreds of coins exist and dozens of coins that keep coming, we can't stop it because there is no power from us, all we can do is choose the right cryptocurrency with deep analysis so as not to be fooled

[Tukang Becak]

I think we are no need too many cryptocurrencies, until now more than 2045 cryptocurrencies have been registered on coinmarketcap.com, with the number of crypto certainly confusing us and I'm sure there will be many coins that die because they can't compete.

[serguvan]

Think of it like the variety of brands for a specific product. So it is normal to have multiple altcoins for a specific field, such as banking, energy etc. However, we currently have lots of altcoins for even 1 field/industry. I think the stronger ones will survive this competition.

[AliMan]

Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

There is no need for the increase of number of cryptocurrencies and there is also no need for the decrease. If they want to produce new cryptocurrencies, they have to make sure that the coins they're making are not shit. Because shit coins will only confuse people and make other people's research a waste of time.

There is no any rules and conditions for making quality coins makes many people make their own cryptocurrency, there are hundreds of coins exist and dozens of coins that keep coming, we can't stop it because there is no power from us, all we can do is choose the right cryptocurrency with deep analysis so as not to be fooled

Its depend to your needs, if you want to get a lot profit then you need a lot crypto. Most of people do anything just to get lot of cryptocurrency and since there's no rules in how many crypto you should have so that many of us grab the opportunity to have a lot of it. Also having a lot crypto will give you lot of money which all of us wany it. If I have money I will buy a lot crypto and hold it until the highest peak.

[Phil419She]

In my own opinion, I dont really think that we need so many cryptocurrencies especially if they have almost the same purpose. I see many coins with almost identical purpose, but still they are functioning, so there must be some reason for this. Many alternative coins may also help lessen traffic for because the transactions can be spread rather than focused on one coin.

[hitrawal91]

Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

No we don't need lot of crypto currency as there are unnecessarily crowding the market and making people fool.But we really need few good crypto currency.

[felissss500@gmail.com]

Now it seems that in the world of cryptocurrency intermediate stage, and all unviable coins will be eliminated as unnecessary. with time.
Remain the most stable and progressive.
competition is normal, without it there is no evolution.
It is possible that in the future there will be only monopoly coins in various fields.

[sanacaks]

Indeed its getting more complicated day by day. Many companies many ICOs many scam projects. This is the time of revolution so after a natural election we will see fewer but stronger cryptocurrencies.

[bit..what?]

We certainly do not need that many cryptocurrencies.
And i also think most coins will not survive.
Of course i can be wrong, but i presume it currently.

[Jadz]

No we don't need them, the market needs cleaning and it has already begun.

[ci1990]

I don't think we need lots of Cryptos. Actually there are more than 1000 coins who are already dead. So most of these coins will die and be forgotten. It's kinda like survival of the fittest. Let's see which ones will survive this crazy market.

[Markperop]

We certainly do not need that many cryptocurrencies.
And i also think most coins will not survive.
Of course i can be wrong, but i presume it currently.

In my opinion, all projects should use their chance and try their luck in the game market of the company. I think that society itself should decide which project will be liked and which one will not. Based on the relevance of the project in society and investment attractiveness, it will be possible to determine the prospects.

[Diced90]

Of course, we do not, but if there were none being developed then the idea of innovation in this market would die out. So who thought having these many cryptos will be beneficial? Its what drives others to do better.

[dutechman]

For me, we don't really need a lot of crypt I currencies, but we need meaningful cryptocurrencies that have good potential. That have the ability for further development. That aim at solving a particular problem. What I'm trying to say is that, someone might have 10 different cryptocurrencies in his or her wallet, whereas another person with just two might be better off. So it's not in the quantity at times, we need to consider quality too.