Are altcoins useless?

[GREENch]

There are projects where it is impossible to use the application/infrastructure without using their token. So if a person needs this software, he will be forced to purchase tokens.

[chits]

Altcoins are not useless, and most of them are not ready for active normal use. Little time has passed to optimize their quantity and quality for ideological reasons. They must become necessary and demanded in real life.

[Peanyut991]

Yes you are right some altcoins are useless because they have been abandoned by the developer. But not all altcoins are useless, some altcoins have good potential in the future. I just remind you, don't buy altcoins that have been abandoned by the developer.

[clipto]

A lot of altcoins are useless at the moment because they do not have released their products yet. I am sure as soon as we will see a lot of decentralised products that would be competitive with their centralised alternatives altcoins will increase their value.

[89squad]

Too wrong opinion. You say altcoins are useless, but Ethereum is altcoin, isn't it? Before you make such a statement, check the information that you have. And about other altcoins, they just need time to implement and distribute.

[ePesoInitiative]

Too early to say altcoins are useless. We are still in the phase of innovators or early adopters. When we get to early majority phase, you can already weed out the useless ones.

[OluwaTosin10]

Altcoins are not uselsss, even though only about 30% has a use case in real life
But they are still under development
 
For example, mixin has a running product
Iagon mining is up

Amongst other examples

[Luvr1000]

today, almost 95% of all coins in the crypto-currency market are worth nothing and I am sure that in the future they will not change because the projects do not work for the long term, but there are projects that have a good idea and a team and they will be very promising in the future

[tippytoes]

The main question is: Do we really need altcoins?

First of all, it was quite difficult to read your.. text. You should learn to format it, really.

Now, altcoins are not useless. They are at least a wonderful training ground for new ideas. Some of those ideas are incorporated into Bitcoin, some of those coins become used by themselves.
Maybe you know that Ethereum or Monero were not the first altcoins. Monero was not even the first cryptonote coin!

Also you are wrong about only BTC-ETH-XMR being accepted. There are other altcoins accepted here and there. Not so many, I know, still, more than nothing. So we have to give them a chance (of course, I talk here about the legit new coins, not about the useless forks or clones).

There are altcoins created to serve within their ecosystem and be their payment system. The ecommerce industry alone is a trillion-dollar industry. So there are sufficient rooms for every project to explore this area. But the truth is, very few projects are genuine to the core. In short, we still need altcoins just make sure that you are dealing the authentic ones.

[Lpim01]

Altcoins are not uselsss, even though only about 30% has a use case in real life
But they are still under development
 
For example, mixin has a running product
Iagon mining is up

Amongst other examples

You are right, some of them were usable today and some of them were just developing but we can certainly denied that mostly of them were just nothing to give into the community. Some of us were still holding shit coins and hoping for being valuable in the market soon but it looks like there is no possibility for that and we might just be hopeless.

[pacman7331]

Most of the altcoins are useless, but not every! Some altcoins are leading the crypto market after Bitcoin. Crypto market have more than 2000 Altcoins active at this moment, but only 200-300 coins are active in trading, other coins have a very poor volume. Without altcoins, the crypto market won't able to reach to everyone. So, altcoins are not useless, dead, scam, fake, shit altcoins are useless.

[Reid]

For me some of them does have some usage.
But it is true that mostly are garbage or will just be used for their own company and nothing more.

Maybe we need those projects that could connect bitcoin to people specially in rural places. Something that will male it easier for them to understand the nature of crypto currencies and how to get in and out with just basic friendly user interface or a device.

[Micerker]

We need Altcoin because Altcoin will always compete for development so its price will change regularly. Do you want your money in Altcoin to increase multiple times after a night? Altcoin is excellent, and it needs to be taken care of by traders.

[Tyoks]

Most of the altcoins are useless, but not every! Some altcoins are leading the crypto market after Bitcoin. Crypto market have more than 2000 Altcoins active at this moment, but only 200-300 coins are active in trading, other coins have a very poor volume. Without altcoins, the crypto market won't able to reach to everyone. So, altcoins are not useless, dead, scam, fake, shit altcoins are useless.

don't make statements that aren't good for altcoins, maybe you don't feel the benefits of altcoin? so said that altcoin is useless.
Although active altcoins are smaller than those who aren't active, altcoin can provide big benefits. without altcoin, it might be difficult to invest in bitcoin, it speaks for hunters who can only get by following the capital bounty campaign to buy bitcoin by following the bounty.

[nelson4lov]

Of course not. Altcoins aren't useless. Although a significant amount of altcoins are complete cabbage, You will agree with me that there are still a handful of altcoins have have been useful to the cause ~ Create the digital economy. There are many altcoins that have made great progresses in a bid to get crypto out there to the mainstream world. I wouldn't mention names.. I just want to make it clear that Altcoins aren't entirely useless like most people and bitcoin maximalists would think.

[TastyChillySauce00]

Most of the altcoins are useless, but not every! Some altcoins are leading the crypto market after Bitcoin. Crypto market have more than 2000 Altcoins active at this moment, but only 200-300 coins are active in trading, other coins have a very poor volume. Without altcoins, the crypto market won't able to reach to everyone. So, altcoins are not useless, dead, scam, fake, shit altcoins are useless.

don't make statements that aren't good for altcoins, maybe you don't feel the benefits of altcoin? so said that altcoin is useless.
Although active altcoins are smaller than those who aren't active, altcoin can provide big benefits. without altcoin, it might be difficult to invest in bitcoin, it speaks for hunters who can only get by following the capital bounty campaign to buy bitcoin by following the bounty.

There is also altcoin with real functionality for digital services or goods. Examples are storj and sia. I really like the concept of decentralizing cloud storage. Also cloud storage is something that we will need in the future when IoT hits.

[ansi]

Man, believe this or not, most of them are worthless & i won't be exagenerating if i say 95% of them are shit.
People should only invest in the best projects with team working their asses on it all along the year.

There is like 3 or 3 main blockchain worth the holding to be honest, the rest will vanish by the years to come.
Other alts & cryptos are the same way or even worse, if it doesn't solve a crypto issue as first duty, it won't solve real life issue for sure, that's why make your bag small with only the best that survived this bloody blood bath bearish market.

[rodel caling]

Nope disagree what do you want to elaborate this for altcoins as useless coins, I would want to know people out there every altcoins have an usage especially in trading by doing of this they select different coins from the market for day to day transaction. With out altcoins i think bitcoin not become stronger.

[lutfi-hasan]

I think Altcoin is very useful for making profits for those of us who trade in the Altcoin market, because Altcoin when the price is being pumped can result in multiple profits.

[tabas]

I'd like to have few crypto's in the market, this can maximize the potential of each coin. If its just bitcoin, Ethereum and monero it's a good choice IMO. But you just can't please everyone and as long as there's a competition and market, people will keep on creating altcoins to compete to the existing ones claiming that they are better.