Are altcoins useless?

[Msworld83]

Majorly on the number if the alts in the market that is something I can't even know some existing at all cos I only know of the one in exchange I trade with and also most popular ones that are good and have a very good team .

And on the other hand about if they are useless or what having, I think alts are reason many still in the market and having alts to change with btc give chance to have more btc value and that gives a huge profit instead of just the btc .

[playboy654]

In this time the altcoins are also performing well so if we are saying every investment is not valuable it is not a true statement because there are good investment is also there for standard your future to be a bright life is available.

[aemma]

To start with, indeed there are many altcoins in this space and funny enough only few are genuine while offering real products and services.
Secondly, altcoins are not useless at least Eth, XLM, XRP etc aren't, every genuine altcoin have a use case it was created for and those working in accordance to that are the ones contriubting to the growth of this space.

[the rise]

To start with, indeed there are many altcoins in this space and funny enough only few are genuine while offering real products and services.
Secondly, altcoins are not useless at least Eth, XLM, XRP etc aren't, every genuine altcoin have a use case it was created for and those working in accordance to that are the ones contriubting to the growth of this space.

obviously there are already many altcoins in crypto, only thousands are registered and there are many more on the market, so with so many altcoins it is clearly not all useful because there are many altcoins left by traders so there are no good price developments

[minttop]

Not all of them, but there are a lot of useless alts. Generally speaking I use only ethereum and probably I will be using vite( I adore their wallet and after main net launch I will probably use their wallet and dex)

[blackhawkeye1912]

Every coin were created for a specific purposes and functions in the field of cryptocurrency. Only that some of the coins are not being utilized or not effective in the current systems. Also, some of them do not function as they were designed to.

[kateycoin]

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 think if there's no altcoins this crypto will be boring if there's three coins will be used. Maybe bitcoin, ethereum and monero is enough but did you think that alts is have good contribute? Like some projects that can help the crypto to make useful. Many things will be consider before you say that altcoin is useless.

[Osayo]

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 really love your great analysis of the entire altcoins saga. I have been wondering about the reason they were created. In every corner you go, you only hear discussion on Bitcoin and Ethereum alone. The rest altcoins with all due respect are just pump and dump scheme.

[superscommessebitcoin]

Yes, altcoins are useless in essence. In fact, we have enough just a few pieces, and all the rest really need only for speculation.

[Innocant]

That is why you need to conduct thorough research about the altcoins you want to invest to save money and time. There are many altcoins which are shit coins as well as great alternative coins. You need to be careful.

Actually not all altcoins are useless they are some also are can getting you to become rich.
We all know they are to many altcoins now are become shitcoins in the end so if we dont want that kind of altcoins as you said need some research and careful on which altcoins are we need to choose for trading.

[Genrix]

Yeah, altcoins are useless in most cases, but sometimes altcoin is healthy for people.
Utility token can be useful, but their amount is so low compared to useless altcoins

[seleme]

That is why you need to conduct thorough research about the altcoins you want to invest to save money and time. There are many altcoins which are shit coins as well as great alternative coins. You need to be careful.

Actually not all altcoins are useless they are some also are can getting you to become rich.
We all know they are to many altcoins now are become shitcoins in the end so if we dont want that kind of altcoins as you said need some research and careful on which altcoins are we need to choose for trading.

Holding shitcoins will not make enough return on the investment but having a strong coin on the portfolio can talk for itself with numbers. In trading numbers never lie and holding coins of potentially strong projects is better than other choices.

[bangkecol]

No, Altcoins can usefull in own life. Like tokenizing a service.
So,not all altcoins is for speculate.

[axel2078]

No they are not.
Each altcoin was created so that it can solve an issue or enhance current services. The problem is, after a successful public offering, most of these altcoins fails to work according to their roadmap or what was in the Whitepaper and start chasing shadows or some even cease to exist. Owing to this, we now have more altcoins with no value; I think this is the reason why most are useless.
Also, some altcoins are just pump and dump with nothing to offer.
But taking a look at other altcoins mostly in top 100 working according to plan, then you will the reason why they were created.

[Mr.Noda]

99.9% of altcoins are useless garbage that periodically disappears, but new ones replace the disappeared coins and it seems that it will last forever.

[bney]

My idea is Altcoins also valuable. But not all. When the stable bitcoin at a high value again, Those altcoin relates to good projects are will be back with a high price. So no worry about that.according to my idea other altcoins will be useless in the future.

[ivanserfg]

yes, unfortunately, the majority of altcoins are practically useless, and are simply bargaining on the stock exchange, but on the other hand there are really working projects, the prices of which are rolled very hard, it is not clear what this is about.

[Aryleeto]

Yes, altcoins are useless in essence. In fact, we have enough just a few pieces, and all the rest really need only for speculation.

I have not seen a single useful coin that will be useful , all the coins are aimed at speculation , except bitcoin as he asked the product for this market

[simpelplan]

the fact that altcoins that don't have price developments are useless, yes maybe not all but in fact the fact that some of them are useless, many don't have any price development at all, recommending bitcoin is the best.

[steez33]

I think that there are a lot of useless altcoins, but some of them have a great potential. I am holding a few futurocoins and recently I've found out about Futurobet, a casino which let to use my coins. So even smaller crypto like fto are useful