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mrSamuel
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May 29, 2019, 01:01:45 AM |
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Most altcoins are really useless and have no value. however, there are working projects that can show themselves well in perspective.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Jpti
Member
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Activity: 560
Merit: 10
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May 29, 2019, 01:42:41 AM |
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I cannot entirely negate the essence and purpose of altcoins. But what has bothered me is that do we need hundreds of coins that are into existence right now in the market? And how long the process of issuing new coins goes? But on the other hand, most of the coins in the market will disappear over time when they cannot sustain in the market.
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===================================================== BILLCRYPT - CREATING HISTORY===================================================== |
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Sasha Grey
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Activity: 672
Merit: 10
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May 29, 2019, 01:59:21 AM |
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It must be admitted that when there are too many altcoins that are useless, they don't have a clear vision and products so that only making altcoins as speculation to get profit, if holding for the long term will certainly be a scam.
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Pejoh Asu
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May 29, 2019, 02:16:51 AM |
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Most altcoins are really useless and have no value. however, there are working projects that can show themselves well in perspective.
Yes right, this is what makes the market red and investors afraid to buy new coins, I am sure that the purpose of altcoins is made only to get profit, when they are already profitable then immediately sell all existing stocks and of course the altcoins become worthless. |
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babysweetTiger0401
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May 29, 2019, 02:27:30 AM |
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Perhaps, to other crypto traders altcoins is useless only because they don't get any profit on it. If that is true, why they are still lot of traders continued buying altcoins? it means, buying coins need to make a research first before deciding to buy coins and We must also have a pattern to find out if it is legit or not, and if it is potential or not too.
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princeyeboah
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Activity: 714
Merit: 14
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May 29, 2019, 02:45:18 AM |
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Altcoins are numerous on the market and it shows how cryptocurrency and Blockchain technology are being utilized. Although there are some altcoins that are incapable of meeting expectations at the end of the day, some have real life usage with working products which are in high demand on the market. Coin like BNB has Binance exchange as its working product. Coin like MTC has its healthcare app - allows patients to access basic health care - as its working product. It is always good to perform a personal research in order to ascertain the altcoins with future.
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killat
Member
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Activity: 742
Merit: 21
Be the reason someone smiles today
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May 29, 2019, 04:11:35 AM |
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Unfortunately yes, most of the altcoins have no value for crypto community and they have been created for pure speculation around a beautiful story within the Whitepaper.
I wouldn't recommend you to invest more than 10% of your funds and other coins than Btc and Eth.
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✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦ Be kind whenever possible. It is always possible ✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦ |
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distr@yopmail.com
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May 29, 2019, 04:14:58 AM |
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Unfortunately yes, most of the altcoins have no value for crypto community and they have been created for pure speculation around a beautiful story within the Whitepaper.
I wouldn't recommend you to invest more than 10% of your funds and other coins than Btc and Eth.
I now leave a lot of altcoin and focus on investing in the development of BNB and EOS. but I don't leave my bitcoin and ethereum. I realized that what I was doing was very risky, but I traded both of these assets and in fact brought benefits to me. |
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travwill
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May 30, 2019, 03:41:41 PM |
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It depends on what is meant by the word “useful”, many coins from the top 100 do not do any good other than financial ones, and at the same time there are projects with a really high-quality product, but they are not in the top 100.
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arifteguhr
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May 30, 2019, 03:43:34 PM |
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Basically every altcoin aims to be able to solve the current problems. with the new concepts they offer. but indeed some projects fail to realize what they want. due to many factors. starting from lack of funding. problems with their platform and also the lack of support from the community
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profitgenerator212
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May 30, 2019, 03:49:25 PM |
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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 frankly understand what you are driving to but it's rather a reckless generalisation from you considering that Neo, Ethereum, Stellar, icon, Ripple and so many more are altcoins. |
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lizaangel321
Jr. Member
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Activity: 560
Merit: 3
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May 30, 2019, 06:28:01 PM |
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A few cryptocurrencies would be enough for all cases, but everyone wants to make money on this and produce 1000 altcoins per year. They are needed except for speculation on various stock exchanges, many play their courses.
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masyveonk
Full Member
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Activity: 346
Merit: 100
https://bmy.guide
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May 30, 2019, 07:38:43 PM |
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I don't agree, altcoins in cryptocurrency do a lot of good, but most projects just don't work and clog the market
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Zdraste16
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Activity: 442
Merit: 11
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May 30, 2019, 08:07:24 PM |
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I do not agree with the fact that the Altcoins are useless. If you take a trade on cryptocurrency exchanges. Having even a fairly small experience and time to analyze projects, you can earn. Altcoins behave with regards to prices, very unpredictable and this is of interest.
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abs350
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May 30, 2019, 08:10:47 PM |
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I do not consider altcoins useless. But I want to note that there are a large number of coins on the market that the weather does not do. It just draws money from us, but this is the other side of the coin. The first is the one that says there are good projects in the market that are worth your investment.
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javainn
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May 30, 2019, 08:14:22 PM |
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Perhaps, to other crypto traders altcoins is useless only because they don't get any profit on it. If that is true, why they are still lot of traders continued buying altcoins? it means, buying coins need to make a research first before deciding to buy coins and We must also have a pattern to find out if it is legit or not, and if it is potential or not too.
the strategy that must be done is choosing an altcoin that has the potential to make a new choice. only altcoin does not have a price that is useless because it cannot generate profits especially scam coins. so choose and do an analysis before determining the purchase of an altcoin is a good choice |
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kalstarzz
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May 30, 2019, 08:41:07 PM |
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I never thought that altcoin is useless, I rate the altcoin at this time has succeeded in enlivening the crypto market, and this is a positive value. whether or not the issue is used in P2P payments all depends on the team and support from investors.
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Docbee
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May 30, 2019, 08:59:45 PM |
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At least few atlcoins have good use case, therefore altcoins are needed, although many altcoins are shitcoin without any purpose in the space, amongst all altcoins, there are little which are useful and solves problem in real life through the use of blockchain.
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renault18turbo
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May 30, 2019, 09:02:35 PM |
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One of the biggest use case is payment. Just look at the ripple. One of the best solution to replace western union. It will be big, believe me.
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proTECH77
Member
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Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
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May 30, 2019, 09:05:15 PM |
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It depends on what is meant by the word “useful”, many coins from the top 100 do not do any good other than financial ones, and at the same time there are projects with a really high-quality product, but they are not in the top 100.
You will agree with me that, all altcoins where brought into the market by a project which has a product, so, any coin on the coinmarketcap is useful and most importantly has value compare to the ones not listed and worthless. Altcoins are useful when the project that brought them has a good product behind it. Top coins on CMC are the best coins at the moment. |
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