Are altcoins useless?

[tenakha]

There are some alts that have no value at all but it doesn't mean that all alts are useless. It also depends on the progress of the project. Nowadays it is hard for new created altcoins to compete in the market as the market now is still in chaos and still did not recover for almost a year.

Altcoins are not as much as we see in coinmarketcap, and that is why more than half of them are useless. If you investigate the Wave platform, you can see there are thousands of useless shitcoins. Also, thousands of them on the ETH platform.

[ranman09]

Altcoins are not useless as you say, among them there are promising projects that are used and will be useful in the near future!

it is not clear will these projects survive till this time or not. because in such a bear market new projects run out of money

I agree most projects run out of money and then turns down silent. Though the project is promising enough, with no money or support, it will die. And then here comes investors saying they are a crap scam.

Not all altcoins are useless they are made for specific usage and let's not forget, mostly to used to raise funds.

[toast]

until whenever the altcoin will still be useful because with the altcoin it's the best way to get results when the price of bitcoin breaks or decreases, and the altcoin also promises results

[kangkilokang]

until whenever the altcoin will still be useful because with the altcoin it's the best way to get results when the price of bitcoin breaks or decreases, and the altcoin also promises results

Altcoin is very useful but not all Altcoin are useful, because every Altcoin is not always good and not can provide benefits so we are careful in choosing it.
if Altcoin has great potential and of course the quality of Altcoin has a big chance, what else is the low price of Altcoin that we can get easily.

[Ailmand]

Not all of the alt-coins are useless maybe there are plenty of useless alt-coin ,
But there are still some useful ones you just have to do your own research about them and their platform and how to use them.
Every alt-coin have their own platform and usage .

[igor.vanyutin.83]

They are not useless, the market is full of amazing altcoins that are going to change a lot of industries like payments, gaming, gambling, shipping, finance and much more. The era of altcoins will come as soon as BTC market dominance will not be so high.

[harapan]

most of the new altcoins are really useless, they are like garbage scattered everywhere.
I will think a thousand times before investing with a new altcoin.

[marjil]

Similar questions have already arisen. But I don’t think that in general this is true, because there are all chances for us to save our deposits today in altcoins, which today are still very attractive for investment.

For full investment people say that the alts are the best way to get a great income. This is happening all the time and as you can see we get into the bull market and the prices is rising every day.

[Huntler1993]

Most of the alt coins are useless, some were developed with know future and now nobody uses it. Investors who went in for it now don't know how to reclaim their invested funds. Some of the coins are really alarming.

[Coltpython]

Too many mistakes made in the past led to the development of so many altcoins in circulation that are basically useless. Many alts will die and only those whose projects are dependent on their coins will survive.

[UNOE]

I do not think that altcoins are useless, there are many projects which will improve whole ecosystem with their mission, but they are in minority. I think that we have space for at least one hundred projects which will survive and be better than ever before, but be careful with investing in them, it is not shotgun time yet, because we are still in bearmarket.

[Lubang Bawah]

Many altcoins are good and look attractive to replace cash, PundiX is altcoins which I think is good because it is easy to use for transaction and has sophisticated security features, unfortunately the market is still red so many people don't care about altcoins.

[coco23]

Do we really need altcoins? Or Bitcoin, Ethereum and Monero are enough for crypto comunity this days?

Well, the thing is that if you had asked this question 3 years ago some people would have said: We only need BTC and not even Monero and ETH. The fact that you listed 3 coins already speaks for Altcoins as such

Of course there are lots of copy-paste-coins where the founders just want to get rich quick. But once in a while a new team of developers has good idea that they implement in their own Altcoin. Altcoins are a necessary experimenting area for crypto and also a driver for innovation.

[marilynmanson21]

Ofcourse Altcoin are definitely not useless and still worth to buy until now. Not getting real life used-case doesn't mean that coin/token are useless, even right now there are many of Altcoin that can be used for using/buying real stuff. Altcoins have their own advantages, as same as Bitcoin.

[bitstalker]

 think altcoin can be used for something different from coin as mentioned, but of course too many altcoins make things like that difficult because they compete to find new ideas if the altcoin can be limited maybe it can be achieved

[Msworld83]

That is true that we have lot of altcoin in crypto space now with lot of useless utility among them but yet we still have lot more that has a very significant useful product which gives joy at last so I will advice everyone to select carefully any alts they want to invest in before putting your funds for safety reason.

[hell_slayer]

I would not call altcoins useless, because each of them has a new idea / technology and sooner or later it will bear fruit, even if now they have no real scope. Still, the cryptocurrency market is now at an early stage of development and the projects that are working here are just beginning to integrate their technologies and businesses into our daily lives, and the fact that they help developers to attract investment and realize their ideas already makes altcoins far from useless.

[Papcio77]

Well for my opinion altcoins is not useless, it has been created for a purpose, just like to use for better development for a certain existing project. Altcoins had different reason but what you said about altcoins fall and raise the same as btc because it has use to trade with these pairs. Not mind blowing if altcoins get dump after btc go down.

[BurstBurst]

I think it's not because it depends on what altcoin is your hold if there is potential or shitcoin if shitcoin is in the wallet you are sure that you will not ignore it and sell it but there are shitcoins because there is a large volume not just maybe pretty their project or investors do not want to buy it because it's just a price dumper and others think they're just losers so they do not pay attention to it maybe it's better to read or explore yet to know what altcoins are good to buy and hold this year you can join the investor groups to find out what is the best buy altcoins but be careful with the group cousins ​​because there are also fake signals to the altcoins.

[CryptoGosu]

I think that many alcoins are at an early stage of development and many people have high expectations. I believe that altcoins will be successful in the future.