Opinions about the emergence of new Coins

[akihikohideaki]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?

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[aoluain]

Im not thinking too much about new coins emerging, im not that interssted.
Ive been there and got the new coins which promise so much but have not
developed. Its a tough road delivering a new coin with a working viable
technology ir solution.

Im not sure there is any positive impact on bitcoin other than it has to be
bought and sold using bitcoin, it might attract new people into crypto who
will eventually realise that bitcoin is the one to focus on. Anyway in the
end it is reducing bitcoins market share.

[romero121]

More the coins into existence, more will be the spreading. At some point people tend to use one or the other for trading or for some other form of transaction needs. Because each and every coin into existence comes with a product and unique value. Some use it an opportunity to scam people with scam coins. So, new coins provide with good as well bad. It's upto us to pick the right one and use it for the good.

[cfif123]

new coins at this time there are those that benefit some that are not profitable for me, I have to study carefully about the coin seeing the price is also not from choosing and trusting my advice so

[ralle14]

1. What do you think of new coins / tokens that keep appearing

Most new altcoins are made for trading you rarely see them have any use outside exchanges.

2. What is the positive impact of this new coin on Bicoin

One positive impact about altcoins is that it can help reduce Bitcoin on chain transactions.

3. What are the benefits for traders with the emergence of these new coins?

I guess more new coins for them to profit on but they're just exposing themselves to more risks since the price of altcoins are somewhat tied to Bitcoin they can be more volatile than Bitcoin.

[o_e_l_e_o]

Because each and every coin into existence comes with a product and unique value.

This couldn't be further from the truth. Almost every new coin or token that is being launched doesn't have a working product. Hell, most of them don't even have a working team, working code, a whitepaper, a github, or a wallet. 99.99% have absolutely no value whatsoever, let alone a unique value, and certainly no real world use.

Almost every coin created these days is designed for one thing and one thing only - to make its creators some easy money. They are relying on newbies and the gullible to throw money at their project so they can make a quick buck and disappear.

[rose9696]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?

New altcoins appear to be good for the crypto market. Because it is altcoins that have brought capitalization to the crypto market and helped investors have more choices to invest.
I think more and more businesses will be formed because the crypto market is potential. it is also the need of many people who want to make easy capital calls.
Generally, the more the new altcoins appear, our market becomes better.

[Naida_BR]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?

Many of the new coins and tokens try to get an advantage of the cryptocurrency hype that exists.
Of course, there are some that have a true application in the real world but people are afraid to invest in them due to the regulations that exist for these companies. I think that these new coins bring more capital to the Bitcoin market but when a bubble blows (because of many of them are scams) the price drops significantly.

[avikz]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?

"Blockchain is getting recognized" and "Cryptocurrencies are getting recognized" are absolutely two different things. There are countries where cryptos are not a legal tender but government has started using blockchain into certain areas of their operations, example is India. However, lets get back to the main question,

1. New coins and tokens are actually harmful and not doing any good to the community. The investments and money flow are getting divided which could have been flown to the bitcoin and other few main currencies like ETH or TRX. (I don't consider Ripple as a crypto).

2. None that I see! Apart from few people are getting richer by siphoning public money.

3. More pairs to trade and a rise in speculative activities.

Hope this helps!

[MainIbem]

One of the imports of the 2018 clampdown by government agencies was targeted at the increasing number of ICOs most of which are scammy. This move has greatly reduced the number of coins entering the market. Any new coin entering must be a coin with value and a target specific solution.

[omonuyak]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?

Most of the new coins we have in the market are just and ideas and 95% of them are not yet developed.  I think we are going to have more of them coming up in future that should not affect our own bitcoin as bitcoin has established great ground.

[gabmen]

I doubt most of these new coins will be significant in the future. I'm pretty sure only a fraction have a ligitimate road map and product. The past few years should have already taught us a lesson about these upcoming coins with the large number of people who lost money investing in them. It'll require huge amounts of time and effort to study these new coins and even then you can't be 100% sure about their legitimacy.

[Kemarit]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing

As long as the new coins has something to offer then why not? The problem is that majority of the coins that pops up has nothing new to bring to this market. And worst, then are just being used for pump-and-dump.

2. What is the positive impact of this new coin on Bicoin

No net positive to Bitcoin. Because Bitcoin investors are getting smarter by the day. They would rather stick to Bitcoin rather that trying to join a new coin and risk their hard earn money.

3. What are the benefits for traders with the emergence of these new coins?

Of course, if you know how to play then you can make a lot of profits by joining the bandwagon and then exits when the bubble is about to burst so that you won't get trap.

[biskitop]

the positive impact is the large number of choices for investors or traders when the price of bitcoin is considered too expensive. but if there are lots and lots of them, then the impact will be on the coin itself, because competition will only get heavier and eventually there will be sinking.

[BitHodler]

The more coins and tokens there are, the more demand there is for Bitcoin. People buy Bitcoin and send it straight to whatever altcoin exchange. Coinbase and Binance are the perfect examples.

Coinbase functions as fiat entry point. Most of what is bought there in Bitcoin ends up being sent to Binance for trading purposes. Binance's cold wallets count over 200k of BTC, and these are only their known wallets.

At the end of the day, even speculative use is use and an important utility. Without altcoins and tokens there would be so much available coin supply, that we would be hovering around the $1000 mark by now.

[dothebeats]

1. What do you think of new coins / tokens that keep appearing

I don't think much about the emergence of new coins, unless they really offer real-world utility. Most of the new coins are just around for the money-grab, not real-world utility or even smallest of innovation, so I don't really want to get myself involved on such coins.

2. What is the positive impact of this new coin on Bitcoin

None, for as long as bitcoin is still the most widely-used and trusted cryptocurrency there is, these new coins are still there to just create wealth out of thin air.

3. What are the benefits for traders with the emergence of these new coins?

Perhaps people can find some use for them on special occasions, but for the most part I don't see any benefits on these new coins except for trading purposes, most especially creating money out of nowhere. That's why it's slowly becoming a highly-regulated area: authorities found out that the scheme is being used by people to get rich and are trying to fool the system in more ways than one.

[Sebas.tian]

New coins just take up money that is supposed to flow into bitcoin, that is, it just reduces bitcoin's market dominance. One could argue that new coins are created to solve a problem and will be useful in the future but all of it are just in theory. The said coins are also used to scam new people in this space which hinders adoption.

[Indrawan77]

The existence of crypto is keep on increasing and now crypto is gaining quite high popularity, but the increasing of crypto coins number didn't give a positive impact for the crypto world infact many of the users feel the ICO that keep on appear destroy the market condition and make the bitcoin price sliding down, the traders maybe got the advantage of the new emerging coin, they got more choice to trade

[Ranly123]

Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.

Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?

I think the benefits that the new coins brought to the cryptocurrency is that investors will have a variety of coins to choose and trade which they can have profit with. More coins means a lot of competitions on most of the coins but those with high reputation will most likely emerge to top 100 on the list.

[yunzau]

Question:
1. What do you think of new coins / tokens that keep appearing

New coins that appear are good news, which means that the general public is beginning to accept it as a promising investment because we can become millionaires or bums overnight.