Are altcoins useless?

[Dr.Sponge]

No, they are absolutely useful. But only for trade. They have no uses rather than trading on it exchange.

[futile-resistance]

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.

These are the coins that people will just pump and dump and that's it. Majority of them are just being used to make money and nothing else. That's why hundreds, if not thousands, of coins are being released everyday and within few months you will no longer see them in the market because the devs has abandoned thw project after making money with it, even the investors will dump it on those who are not fast enough to sell theirs.

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

Majority of them are useless and you shouldn't be going for all of them. There are good coins and Ethereum is the number one when we talk about altcoins. A lot of people trust Ethereum more than they do Bitcoin. There are lots of features that makes Ethereum to seem better than Bitcoin, and that's the reason it's been called the smart contract platform.

[kingpin4321]

It's no news to know altcoins has gotten a bad name most investors seems to be avoiding altcoins in preference for bitcoin but I would boldly say that there some altcoins that are great
Xrp ripple
Ethereum
Monero
Ada cardano

[Kimonoe]

Most altcoins look useless, there are no products in real and just like collections, but I'm happy because a lot of devs. who want to make altcoins useful for direct use such as debit or credit card.

It will be a challenge to attract developers of user crypto on the real world. We know there is not even any one country in the world whose citizens 100% using crypto. so far we only know the extent of the community fight crypto only.

that is because not every shop for the country that has legalized it facilitates payment using crypto. and I think cryptocurrency is not just bitcoin, we can choose altcoin as payment

[JuggSlash]

Not quite surprises if most of our altcoins were absolutely useless. There are so many altcoins which turn to shitcoin with no supporters around

[Viceroy]

It seems to me that altcoins are not useless.
But people don't need it for now. Some altcoins has really good idea. It may has good product or something else. But we don't need it. We need only profit from investment from this project.
Problem is not altcoins. Problem is how we use it.

[tranquangvinh]

Most altcoin does not really show its true value in this market, perhaps only Ethereum is altcoin that is commonly used so I often prioritize investing in Ethereum over other altcoin.

[max6575]

the use with the customs of functionality as the utility token on helps as referring notables on query with extensive on work with the switches of algorithm to gives as investors gains as the work on arbitrage exchange and more on use with the real manage on plan on table with the finance as the work with the developer on attaining field of market of the crypto archipelago.

[Babayan]

Years, 90% of alts are useless, because their creators only wanted to raise money and do nothing later, so that their prices are very low.

[makerst]

Many projects definitely today have nothing good and nothing of what they were able to plan for today. I think that there are a very large number of users who probably understand this.

[dance2009]

If altcoin is really useful, then we need it. That is, if the project has a real application, then it has the right to exist. If the project is made only to collect money such projects are not needed.

[rdewilde]

No, altcoins are not useless. To me, the only useless altcoins are ones which don't have any tangible thing to offer. So far an altcoin is solving a pressing issue, then it is valuable or with time will be valuable (that is, if it is an upcoming project).

[pooh95]

First of all, any altcoin is a project where real people work, unfortunately not all projects can fully realize themselves, but I am sure that altcoins are part of the crypto world, and without them there is no industry.

[mv1986]

No, altcoins are not useless. To me, the only useless altcoins are ones which don't have any tangible thing to offer. So far an altcoin is solving a pressing issue, then it is valuable or with time will be valuable (that is, if it is an upcoming project).

But to be honest most of the altcoins don't solve a pressing issue and will therefore be wiped out.

[Cult]

I read too many altcoins, no matter how many they are, an integral part of the cryptoindustry, in any case, all the coins, and the projects behind them - improve the world.

[ballerin and giroud]

First of all, any altcoin is a project where real people work, unfortunately not all projects can fully realize themselves, but I am sure that altcoins are part of the crypto world, and without them there is no industry.

What kind industry that you means? without altcoin cryptocurrency will still exist even I think one of the reason many people leave cryptocurrency because of altcoin. How many people that have been scammed by ICO project? How many investors that meet lose because they choose shitcoin for investing? I think it's much.

[JuanPaulo]

Most altcoins are only tools for speculative trading. Some of them are used once, for one pump and then sold and go to zero for a long time until they die.

[Chuky92]

From the look of things, many altcoins are useless, have no value whatsoever. On the other hand, there are good altcoins too, aiming to disrupt this current era. One indeed have to be careful before investing.

[rjp55]

Yep they are.

I mean let's don't be that cruel and say %99 of the useless. That is also the reason why the market is bad. Too much money spend in return of nothing.

[youdacapt]

Every altcoin must have its own product, so making altcoins more useful, so everything depends on the marketing done by teams and coin developers because with the various altcoins that are currently available they come from various countries and we certainly cannot judge that coins are useless.