Opinions about the emergence of new Coins

[bitbunnny]

I'm aware that developed cryptocurrencies market with variety of coins is good but personally I don't appreciate new coins too much. There are too much of them emerging all the time and only few of them are prosperous and worth investing. They are actually just suffocating the market.

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[Snaic]

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 have a positive attitude to the appearance on the world market of new coins and tokens. This is the main way to improve cryptocurrency. Regardless of the fact that at the same time there is a very large number of useless types of cryptocurrency, even those few promising coins will contribute to the development of this particular market. Useless coins will eventually be forced to leave the market.

[matchi2011]

I'm aware that developed cryptocurrencies market with variety of coins is good but personally I don't appreciate new coins too much. There are too much of them emerging all the time and only few of them are prosperous and worth investing. They are actually just suffocating the market.

Same with you, mostly they are just a copy from existing successful project where they are only offering some improvements, it's needed to sort things out and being an investors / traders you have to assess each coins that coming up reviewing what can be the deciding factors in order to have some interested investors to support the project.

[TheUltraElite]

in my opinion the emergence of new coins is not a problem, but it is the problem of new coins that are detrimental to someone, and I don't think there is an excessive impact on the emergence of new coins for bitcoin.

The impact of new coins to be detrimental would only depend on how much people are drinking into the koolaid and bullshit propaganda of that team. Majority of them dont have any goal other than amassing money from investors and landing up in a stagnant state when market crashes. Thats what makes people more suspicious of what their hard earned money was actually being used for in the name of having invested that in some "bitcoin 2.0"

Honestly, I don't trust the existence of new coins these days. Based on my experience, they will just bloom for days but fades in just a short period of time. I want to get rid of shitcoins so I would only stick to well-established coins. I wish that the market would do coin cleansing to remove all the shitcoins listed.

You can get rid of shitcoins if you sell them - its as simple as pressing a sell button order. But I know that most people will falter here because they have that voice in the back of the mind rehashing that same BS pumping propaganda.

[Vaskiy]

Everytime a new coin emerge there is something specific with it. Maybe this is of the features or any form of advancement. One in ten new coin makes a big growth and mark its presence in the cryptocurrency network. There needs to be more and more coins to make the competence much hard. Even there are coins with better features than bitcoin but it is hard to win the minds of people overcoming the impact bitcoin has created over the users.

[nur rochid]

Everytime a new coin emerge there is something specific with it. Maybe this is of the features or any form of advancement. One in ten new coin makes a big growth and mark its presence in the cryptocurrency network. There needs to be more and more coins to make the competence much hard. Even there are coins with better features than bitcoin but it is hard to win the minds of people overcoming the impact bitcoin has created over the users.

of course this is because of the trust factor where bitcoin is the main goal of investors for the long term. but it does not rule out the possibility that the new coin will be potential later, along with the needs of the bitcoiners

[BitBustah]

Honestly, I don't trust the existence of new coins these days. Based on my experience, they will just bloom for days but fades in just a short period of time. I want to get rid of shitcoins so I would only stick to well-established coins. I wish that the market would do coin cleansing to remove all the shitcoins listed.

With that mindset you miss out the potential 100x coins that are out there.  Its annoying when people are calling literally everything a shitcoin.  Bitcoin should be the bulk of your investment in crypto but don't be afraid to risk some on these new projects with a promising future.

[alyssa85]

Honestly, I don't trust the existence of new coins these days. Based on my experience, they will just bloom for days but fades in just a short period of time. I want to get rid of shitcoins so I would only stick to well-established coins. I wish that the market would do coin cleansing to remove all the shitcoins listed.

With that mindset you miss out the potential 100x coins that are out there.  Its annoying when people are calling literally everything a shitcoin.  Bitcoin should be the bulk of your investment in crypto but don't be afraid to risk some on these new projects with a promising future.

I remember when Ether launched and everyone thought it was a shitcoin and passed up the opportunity to buy it for a few cents. And remember that Doge was supposed to be a joke from the start but it's still going strong five years later because it's so easy to use as an actual currency (unlike bitcoin).

It's worth putting a dollar into every coin and seeing what happens.

[ufaiz50]

Not many new coins are feasible when on the market and most of them are below the ICO rate, even the IEO too. All of that for many reasons especially the development of ICO is not so good, maybe later ICO / IEO will return hype if the market also starts bullish. I feel the impact on bitcoin is small, especially when seen a new coin is only in small exchanges, and if their volume is small, traders cannot use it to gain big profits.

[Hamphser]

Honestly, I don't trust the existence of new coins these days. Based on my experience, they will just bloom for days but fades in just a short period of time. I want to get rid of shitcoins so I would only stick to well-established coins. I wish that the market would do coin cleansing to remove all the shitcoins listed.

With that mindset you miss out the potential 100x coins that are out there.  Its annoying when people are calling literally everything a shitcoin.  Bitcoin should be the bulk of your investment in crypto but don't be afraid to risk some on these new projects with a promising future.

I remember when Ether launched and everyone thought it was a shitcoin and passed up the opportunity to buy it for a few cents. And remember that Doge was supposed to be a joke from the start but it's still going strong five years later because it's so easy to use as an actual currency (unlike bitcoin).

It's worth putting a dollar into every coin and seeing what happens.

Putting a dollar on every coin would really cost you.I remember those days when ether still for us to obtain it thru faucets.We do really misses out good opportunities on making big
amounts of profits.Its really late to regret but those golden opportunities wont happen again even on newer coins as of this moment doesn't really bring up something new and most of them
are just copycats.

[coin-investor]

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 have no problem with new coins as long as the new coin has something to offer to the community, or if they have a new algo that they want to introduce, to the community, there are a lot of new coins that are duplicate of an existing one but they have a good team, a good roadmap, and platform, and investors and traders are ok with it.

[BeGoods]

I'm aware that developed cryptocurrencies market with variety of coins is good but personally I don't appreciate new coins too much. There are too much of them emerging all the time and only few of them are prosperous and worth investing. They are actually just suffocating the market.

That means developments continue to occur if coins continue to arrive, but what I don't like is the emergence of many shitcoin that sometimes make you lose, because you were wrong to buy it. it seems we have to be more selective in choosing new coins

[Falgorn]

By the appearance of new coins and tokens in the cryptocurrency market, I am quite positive. This is one of the main ways to improve cryptocurrency. It is not even significant here that a significant part of new types of cryptocurrency is useless. After some time, they will forever leave this market and only promising coins and tokens will remain on it.
The emergence of new coins and tokens attracts people's general attention to cryptocurrency, and this also has a positive effect on Bitcoin. On the other hand, investors are being diverted to another cryptocurrency.
As far as I know, traders welcome the emergence of various types of cryptocurrency. This increases the possibility of their earnings.