Are altcoins useless?

[_Sergo]

Yes, of course, many altcoins are actually useless ... But there are many altcoins that are widely used in everyday life. Not many projects have a finished product or platform for their coins.

The number of altcoins that are too much in my opinion is a big problem, this brings competition that is so tight that many altcoins are dead and useless.

yes, they will gradually die off and others will appear, but while they are being traded, you need to use it, trading them and shifting the part to the main

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[Napole0n]

Yes, of course, many altcoins are actually useless ... But there are many altcoins that are widely used in everyday life. Not many projects have a finished product or platform for their coins.

The number of altcoins that are too much in my opinion is a big problem, this brings competition that is so tight that many altcoins are dead and useless.

yes, they will gradually die off and others will appear, but while they are being traded, you need to use it, trading them and shifting the part to the main

The best thing is to always monitor the latest developments and issues, I regret that it has been inactive for more than 3 months and many of my altcoins are useless, it is better to invest in altcoins who enter the top 25 in the coinmarketcap.

[strunberg]

Yes, of course, many altcoins are actually useless ... But there are many altcoins that are widely used in everyday life. Not many projects have a finished product or platform for their coins.

The number of altcoins that are too much in my opinion is a big problem, this brings competition that is so tight that many altcoins are dead and useless.

yes, they will gradually die off and others will appear, but while they are being traded, you need to use it, trading them and shifting the part to the main

The best thing is to always monitor the latest developments and issues, I regret that it has been inactive for more than 3 months and many of my altcoins are useless, it is better to invest in altcoins who enter the top 25 in the coinmarketcap.

i have bad experience while holding altcoin but not trying to find an update from developers team.suddenly my altcoin delisted from any exchange due they have problem with SEC.i am very regret with this condition and hope i will not repeat this mistakes.

[crzybilly]

Some of them really are, because there are so much shitcoins on the market and with their poor management and the lack of working solutions, maybe they will never take off from the bottom, so it can be better to sell them.

[iqlimasyadiqa]

Not all altcoin is useless because in fact there are some good coin nowadays despite of this current because of being have a strong structure behind. Which is it's up to you how to choose good project because only scam project nowadays is useless and turn into shitcoin always.

That's a good answer, there are still altcoins that have a good reputation and have developed it well. mathematically, indeed there are only a few good altcoins and the majority are on a bad track. the choice of us will determine what we will get, the decisions we make will determine what we will achieve in the future.

[nightl]

Market and the fans' affection will decide who will really be the actual coin and will develop, or else it will fall into the dustbin of history.
Yes, out of 4k coins, probably about a few dozen of them offer something interesting.

[XCANA]

Not all altcoins are useless because there are many altcoins with credible project and product attached with them. Take for example, Ethereum had be the king of altcoins with a smart contract project which is taking over the altcoins industry as of today. Hodling some altcoins like Ethereum are not useless.

[Quantum907]

The number of altcoins that are officially registered in the coinmarketcap is more than $ 2200, and will continue to increase because currently there are hundreds of ICO live, this aunt will have a bad impact because investors are confused about which altcoins are good.

[Coin-Desk]

Every altcoin in the market has some value. There is no altcoin worthless market. So I would say altcoin is never worth. There are prices of altogether altcoin. Some of altcoin's prices are much lower than the price of some altcoin. But there is no altcoin absolutely worthless. So we should invest in an altcoin. Because the price of an altcoin is greatly increased. Then profit from altcoin can be achieved. And now the use of altcoin is increasing day by day.

Thank you

[LegendOF45]

Maybe, without strict regulation makes anyone able to make coins, this is what makes the number of altcoins grow very fast compared to the number of investors, of course making intense competition and many altcoins useless.

[Alpinat]

No they are not. Altcoins are the branch of bitcoin and they have their own use and also they are the one who makes the cryptocurrency more interesting. Altcoins is one of the reason why bitcoin is now increasing and without them I guess the cryptocurrency world will not be complete.

[AwoCorporation]

Maybe, without strict regulation makes anyone able to make coins, this is what makes the number of altcoins grow very fast compared to the number of investors, of course making intense competition and many altcoins useless.

too many altcoins don't develop on the market, it makes them just a display on the market. they are registered but do not have trading activities, it's just garbage. there are too many altcoins on the market, there must be regulations related to the growth of this altcoin, because if they are an asset without development it will not bring investment into the crypto market.

[GREENch]

In the last few months I have been using DogeCoin if I need to quickly transfer funds from one exchange to another. Fast transactions, and about the Commission does not make sense to talk)) So limit yourself to those coins that were mentioned in the first message does not make sense.

[andor.gellenhidi]

In most cases, this is the case, and I think that it would be most profitable to use those altcoins that have already shown remarkable performance in the market in 2017 and earlier. It is to such altcoins that we have confidence and I think that everything will be fine.

[Mr.Noda]

The vast majority are absolutely useless and are created with the sole purpose of taking our money.

[nikola22]

In the last few months I have been using DogeCoin if I need to quickly transfer funds from one exchange to another. Fast transactions, and about the Commission does not make sense to talk)) So limit yourself to those coins that were mentioned in the first message does not make sense.

DogeCoin is one of the best altcoins for the fast and cheap transactions. and it's only one example. many altcoins are used for some purposes.

[jonhn772]

Not at all altcoins are useless there have so many good altcoins which is doing so many things to change the wolrd. But you can say that there have so many useless coin and they have no products in the market.

[LUCKMCFLY]

Now days we have more than 1 000 altcoins on the market. The question is, are people really using them? Frankly speaking only bitcoin, ethereum and monero are used for P2P payments. All others are used mainly for speculation purposes. Is it worth buying altcoins now days? I guess no, because all of them excluding tether are following bitcoin price chart.  I mean if bitcoin is going up or down, altcoins are doing same. (Tether is connected to US dollar rate and used mainly for arbitrage trading purposes) So do we really need altcoins? Regarding platforms, only ethereum is mainly used, and mostly for creating ERC tokens. All others, like waves, neo, etc are used very rarely. Monero is used mosly for shady deals because it is untraceable. (I doubt about that, because one dude who opened a shop on a dark web for selling drugs was cached by police last week. For communication he used 3 level protected VPN and was accepting payments only in monero) https://www.wired.com/story/monero-privacy/ You can read about dark web here. https://www.techadvisor.co.uk/how-to/internet/dark-web-3593569/ days. The main question is: Do we really need altcoins? Or Bitcoin, Ethereum and Monero are enough for crypto comunity this days?

I think the Altcoins are necessary, because most Investors do not leave all the money in USD or in Bitcoin, some trust part of their funds to Altcoins, most choose the first 5 of the top of CMC, others support projects where practically They are the Strong Hands of the same, whose risk is always very high, but in general terms you must have a good investment criteria to decide why altcoins trust until the end.

It is very similar to the Stock Market, where you buy and you must wait as long as necessary to wait for the benefits that can be given from the investment. There are also many investment options, not only in cryptocurrencies, there are also projects based on ETH that derive the ICO, STO, IEO, which use the tokens differently, but that also give good results, and with that many Sometimes they expand the market from every point of view.

[munareal]

altcoins are not useless for many to have their own uses, target market and reasons they are created. The truth is most of the new crytocurrencies have worked on the shortcomings of bitcoin.  They are more scalable, faster and cheaper in transactions than bitcoin but they can not replace it

[integrity42]

The vast majority are absolutely useless and are created with the sole purpose of taking our money.

Now all the projects in cryptocurrency make money on us, just some developers improve their project and at the expense of this we also get profit, and some developers just make money on us and hide.