Are altcoins useless?

[MonaLeeTracy]

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.

until now there are still many people who certainly believe in the development of the altcoin going forward. even though the altcoin situation is currently deteriorating but many are convinced that this is only a moment. so until now the altcoin is still developing and advancing

[Genemind]

There are still lots of potential altcoins in the market so it would be hard to conclude that all of them could be considered as shitcoins. There are altcoins without good values now but I believe that things would still get better in the future.

[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.

until now there are still many people who certainly believe in the development of the altcoin going forward. even though the altcoin situation is currently deteriorating but many are convinced that this is only a moment. so until now the altcoin is still developing and advancing

I think you are right. The introduction of altcoins is a complex and lengthy process. Many projects can fail. But I think that some projects can be successful.

[airdropan]

alts coins can be alternate crypto except bitcoin , ethereum , or NEO
also with low price can give you bigger profit in the future when the price up

[semobo]

Most of them were useless in real life because we are not in need of huge amount of crypto currencies since it is decentralized,they have the usage for the traders to make money but nothing more in long term so we don't have to keep those shitcoins for longer term.

[94K]

I won't say all altcoins are useless because there are some which have a higher potential of rising to become great coins in the future though there may be ones which are shit coins.

[Buzhou]

It's a good question and will not be answered very easily.
There are countless variables to make you or I think they are useless or even useful!
Bitcoin itself is bumping into true adoption or even applications of different levels.
The Altcoins that can be a support or an item of experience and support for Bitcoin are doing better.
There are exceptions like ETH and XRP, but nowadays we see that it's not enough to be faster or even have multiple Dapps under your platform!
You need variants and details that are difficult to measure.

[Ferris419]

Obviously altcoin not useless. We can say it bad for our future if we choose bad altcoin. Altcoin can changes your future life if you can choose the best and trade on exchange. Altcoin is great When we get a profit by investing and trading.           

[gulshan1]

Every coin have its own market cap and trading on different exchanges which is rising the volume with high up and downs daily. And all the altcoins are giving many services and project to the crypto world for existing in the market. So we can not ignore the altcoins and altcoins is major part of crypto, only single bitcoin can not run the crypto world.

[trash321]

Some may indeed have no price today. In fact, today we can say that 10% of all tokens and coins really have values ​​and really develop, everything else does not matter. Maybe some will continue to develop, but I do not speak for everyone.

[ameliana]

Some may indeed have no price today. In fact, today we can say that 10% of all tokens and coins really have values ​​and really develop, everything else does not matter. Maybe some will continue to develop, but I do not speak for everyone.

altcoin is so diverse that we cannot say that altcoin is useless because of some of the altcoins there are good and bad ones.
but of the many altcoins that I hold 80% have no value and are a little disappointing.

[mirgo1791]

to work on selection on priors as users of alt token gives of chance as might to put by one on priors as the decision on expecting the shifts on nominals on expends as purchasing offers from the seller on market of bitcoin finance.

[jvper]

There is a great deal of speculation because people are anticipating the future value, but the future value is uncertain as there is no certainty regarding the level of usage of cryptocurrencies. If it is high, prices can go up much more.

[LUCKMCFLY]

The altcoins will always be useful, the reasons are many, from the point of view of a normal person, who does not know anything about the market, they will see it as a long-term investment, they will become infected with the emotion that they have virtual money saved that in Some time they will have a good value.

From the point of view of an Investor, they know that in the long term they will have good benefits, as soon as the market recovers and enters an upward trend.

And as a speculator sees it, it is simply, when the market goes down, the altcoins go down, which can take advantage of the fall to win, if the bitcoin rises, the reaction of the altcoin is to lower, which can be expected to correct bitcoin, to buy altcoin, at that moment is when the altcoin rises in price and can make profits. The big speculators know those obligatory movements to make trading correctly, and that means they understand the market.

[kingpin4321]

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

[premiumproductss]

Some of them are really useless - utility tokens.
Some of them become useless when there will be a winner of a competition. For example smart contract competition between Ethereum, EOS, Tron, Cardano or QuarkChain.

[Sanford]

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?

Yes, I think that tracking any translations is not so difficult. Because almost all of them have open access. As soon as the cryptocurrency becomes more decentralized and prices are tracked, prices increase. Because people commit illegal transactions and hide millions of dollars in this system.

[Emmy92]

First not all altcoins are useless as there are good altcoins there in the market. Secondly, yes we need altcoins as each (that is, only those with good use case) have something to offer, and these are the ones we need in addition to Bitcoin to disrupt this current era.

[mrdeposit]

I did disagree when you said only bitcoin and ethereum are user for peer to peer.
Coins like xrp ripple, litcoin are also very much used

As amatter of fact, there are hundreds of currencies that are more potential than LTC and ETH.
Most of the altcoins in the market are useless, but there are hundreds of money to make our future easier and we can not ignore them.

[gelli]

First not all altcoins are useless as there are good altcoins there in the market. Secondly, yes we need altcoins as each (that is, only those with good use case) have something to offer, and these are the ones we need in addition to Bitcoin to disrupt this current era.

Of course altcoins on the market too much, but many of them in recent years have grown into a noteworthy project, and some will soon be fighting for the top lines, the development does not stand still and such a struggle is useful