Are altcoins useless?

[whaawh]

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.

I very much hope that the current state of the cryptocurrency market will greatly affect the balance of power among the cryptocurrencies. Perhaps exactly what is going to happen will be a very strong correction in among those coins that are traded on exchanges and which are dead weight in users' wallets.

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[ZEIIMAN]

The time has not yet come for the real use of altcoins. Behind their purchase or mining there is only a speculative component.  You're right.

[HK88]

not useful if the coin has no further development, but on the contrary if they care about their goals the possibility of the project can also run well. altcoin is one of the best breakthroughs for investment other than bitcoin. at a cheap and affordable price for anyone. but with the terms altcoin that really has great potential.

[blokklanc]

I will reflect only on one of your statement out of many that altcoins are useless. We cannot make such conclusion based on that there are many scams and speculative coins. Beside them there are many alts which represents innovative ideas and have great future potential and value.

[shannelcoin]

Altcoin is not useless unless the one creator of one coin left that coin. Can you see that some in the market are almost altcoin and some of them have great value even the market is bearish. So we can't say that altcoin is useless because even whales in the market love to buy altcoins.

[moon sorcerers]

of the many altcoins circulating in the market, only a few altcoins have no value, altcoins are also used by investors and traders to make investments and trades, altcoins that have an altcoin value are useful, altcoins that are useless are altcoins that have projects die and fail on the market

[mace15]

not useful if the coin has no further development, but on the contrary if they care about their goals the possibility of the project can also run well. altcoin is one of the best breakthroughs for investment other than bitcoin. at a cheap and affordable price for anyone. but with the terms altcoin that really has great potential.

Exactly, for those altcoin has no development it became very useless in the market. But for the others altcoins that still existing and with still updates about their project somehow very useful in the market. This is the most important that we should be careful in choosing altcoin to invest.

[mammoniter]

Not at all. Generally speaking, majority of altcoins nowadays are really struggling in the market maybe because of its current condition. Also most of them have no clear goal and no specific users. But of course there are still some altcoins that are worth the look. It depends on its significant in the market, its goals, the developer, and the community that supports the coins. In order for the altcoin to be successful, there must be a group of potential customers that will use it.

[beami]

The altcoin has a variety of features and it is in accordance with the goals of each altcoin if we observe it in the market, there are so many altcoins that exist, but not all can develop smoothly so that it is difficult to reach the goal. The useless Altcoin will disappear by itself and be replaced by a new altcoin that has the potential and ready to compete.

[jcarlo]

Not at all. Generally speaking, majority of altcoins nowadays are really struggling in the market maybe because of its current condition. Also most of them have no clear goal and no specific users. But of course there are still some altcoins that are worth the look. It depends on its significant in the market, its goals, the developer, and the community that supports the coins. In order for the altcoin to be successful, there must be a group of potential customers that will use it.

There is too many altcoin with same project or duplicate others project. Perhaps this good for competition but its looks too many altcoin having same project. I think altcoin not useless but its make investor more carefull before choosing to invest

[Sanitough]

Not all altcoins are useless. Any cryptocurrency other bitcoin is an altcoin, so many altcoin exists such Ethereum, Grin, Dash and BAT all of these have their uses too.

You can check the top 100 coins in the market, https://coinmarketcap.com, all except bitcoin has markecap and most of them has a good trading volume.
With the big number of altcoins, most of them are useless but we cannot conclude all because it's clear there are good coins, BNB for example.

[steveabrahams]

Not all altcoins are useless. Any cryptocurrency other bitcoin is an altcoin, so many altcoin exists such Ethereum, Grin, Dash and BAT all of these have their uses too.

Yeah, there are some useless coin but there also many altcoins that really good like ethereum, litecoin and many more. Also without altcoin, cryptocurrency will be so boring, so trader will only can trade bitcoin lol. Altcoins are not useless and many crypto users like altcoins.

[insidertradingeverywhere]

The altcoin has a variety of features and it is in accordance with the goals of each altcoin if we observe it in the market, there are so many altcoins that exist, but not all can develop smoothly so that it is difficult to reach the goal. The useless Altcoin will disappear by itself and be replaced by a new altcoin that has the potential and ready to compete.

yes I think that now the crypto industry is in a formation stage, and all useless projects, or empty coins, will abandon the market if on the project there is no demand, and there is no trading volume, then many exchanges begin to delete them from the platforms, also to them interest vanishes, I consider that it is the good sign as crypto begins a recovery stage that finally is positive is shown on all industry.

[OrangeII]

Not at all. Generally speaking, majority of altcoins nowadays are really struggling in the market maybe because of its current condition. Also most of them have no clear goal and no specific users. But of course there are still some altcoins that are worth the look. It depends on its significant in the market, its goals, the developer, and the community that supports the coins. In order for the altcoin to be successful, there must be a group of potential customers that will use it.

well, basically each altcoin has their own project. useful or not, it depends on the type of coin you have. for me, some of the altcoins that I have of course have so many benefits. even I held back because some of them had great potential.

[FORK-KNIFE]

There was a reason why the altcoin announcement, discussion and mining sections were created... they are not Bitcoin.

Read about the era's the altcoin scene has gone through and you will see most the comments in here are pretty accurate about taking something that works and adding it to something else to make it better.

[Remainder]

Not at all. Generally speaking, majority of altcoins nowadays are really struggling in the market maybe because of its current condition. Also most of them have no clear goal and no specific users. But of course there are still some altcoins that are worth the look. It depends on its significant in the market, its goals, the developer, and the community that supports the coins. In order for the altcoin to be successful, there must be a group of potential customers that will use it.

well, basically each altcoin has their own project. useful or not, it depends on the type of coin you have. for me, some of the altcoins that I have of course have so many benefits. even I held back because some of them had great potential.

Consider this altcoins as different business entity, some are successful some are not, we don't generalized by saying
altcoins are useless because that is not true, a real investors knows the standing, maybe bitcoin is the most invested coin but altcoins has a share in the market.

[altcoinhunter01]

I believe altcoins are equally important like bitcoin. Altcoins are cheaper to buy. It is not useless we have many good options in altcoins and we can not stick to the only limited altcoins for trading even it's good for the market and it depends on our analysis how we choose the altcoins.

[proTECH77]

Many altcoins are useless but not in general. The first time i get into the world of cryptocurrency, my first portfolio was on altcoins which i sell back then to earn upto 3000$. Ethereum was my portfolio then and never regretted stay with the altcoin, so, not all will end useless.

[stefany101]

For me , altcoins are not useless. There is no useless in the crypto industry whether it is a coin or a token , for the reason that we may still make profits from them even there is not enough trading volume with them, if we try to trade them well, and their development team will try to manage them properly. Altcoins are the best option to make profits, we crypto users must not rely on bitcoin all the time, and it is also a good training are for new users.

[mcnocon2]

Yes you are right, most altcoins are useless but not all of them. There are too many altcoins in the market that brings real value with their product/technology. For example Ethereum, smart contracts are very important in the outside world, and many companies started on using that.