Are altcoins useless?

[Evgenklm]

I agree that altcoins today has become very much, but at the expense of whether they are needed? I think that Yes, there are many projects in the real sector that have created their own token and accept payments in this way and this stimulates the development of the project and in general the application of the blockchain.

[@baoli]

Yes collapsing some altcoins is really necessary. So many altcoins are competing for the same idealogy, concept and roadmap. However so many altcoins are very useful as the have shown real world use case

[maldini]

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, why? like the beginning of Monero, before Monero was created there were many altcoins and Monero came to perfect it. Likewise now, bitcoin, ethereum, monero may be the best, but one of the coins will be replaced by a better coin.

There are thousands of altcoins created, but the system is different and the purpose is different. Not all of these altcoins are intended for p2p payments.

[Morluril]

I assume 't anticipate that alt currencies are vain. Basis without Bitcoin and any strikes, nearly of the specie are altcoins in this marketplace. And I anticipate we require altcoins not as well even on the other hand various of them. Basis they approaches with modern concept and that is extremely significant representing crypto currentness and Blockchain application. So we buoy check the regulations of Blockchain. And of you note you desire look that as a assets altcoins are great of they are hardbacked up close to great propose. They consecrate many profits than Bitcoin at the signify age. On the other hand furthermore they are bad as well. So be deliberate and always achieve your have analysis earlier assets.

[ofKJVb]

I achieve not anticipate that the Altcoins are discarded. Of line thither are mints that price no thing from the first and desire not price anything in the forthcoming. On the other hand thither are furthermore currency that desire take you profits and all the more be capable to procreate it whether you select the equitable design representing investment.

[soulripper]

I would say altcoins is good for a new comer or to who ever thay want to earn big profit in the short term. For a long term mostly the project will be slowly died or abandoned but still who ever that mange to hit a big scored he or she can be happy for a big profit. It not like ethereum or bitcoin where you need a long term to gain profit. So it has bad and good side.

[Hotel_Prodeo]

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

With the current total marketcap of around $ 260 billion, it doesn't require up to 2200 coins, too much amount is certainly not effective, and I hope that strict regulations will soon be made so that the number of coins is not more than 200.

[ParabellumLite]

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.

Altcoin is useless, please see ETH, it is the cause of BTC and crypto market to be fomo in 2017. However, I agree that the increase in BTC will make the market increase according to the price.

[Xclusive5]

It is not all altcoins that are useless. There are some altcoins that comes with new ideas that can't be found in the top notch Cryptos. Therefore, despite the fact that there are many useless altcoins, there are still altcoins that still worth investment.

[robaya]

It is not all altcoins that are useless. There are some altcoins that comes with new ideas that can't be found in the top notch Cryptos. Therefore, despite the fact that there are many useless altcoins, there are still altcoins that still worth investment.

of course there will still be new altcoin assets that we might invest. but seeing the current market reality, many new projects only clone existing project concepts. whether it will make them stay on the market or not.

[Tervelatuk]

It is not all altcoins that are useless. There are some altcoins that comes with new ideas that can't be found in the top notch Cryptos. Therefore, despite the fact that there are many useless altcoins, there are still altcoins that still worth investment.

the majority altcoin in cryptocurrency market was useless.and we should not keep this kind of coins.maybe the developers team only want investors money so they create unqualified projects.

[Landak]

It is not all altcoins that are useless. There are some altcoins that comes with new ideas that can't be found in the top notch Cryptos. Therefore, despite the fact that there are many useless altcoins, there are still altcoins that still worth investment.

absolutely right, maybe he only saw part of what he knew.  there are many useful altcoins for some industry that he hasn't mentioned. and still suitable to be considered as an investment choice.

[Odonko]

Most of the altcoins that are in circulation are actually useless and this came as a result of the huge run of ICOs that came about in 2017. If you look critically you could see that only few altcoins have been able to survive the bear market. Take for instance Binance coin and this is because of the use case of the cryptocurrency on Binance exchange. Invest in altcoins that are used and not just listed on an exchange with no active development going on for the project.

[CoinKolik]

I think many of the altcoins are useless and not worth investing. Altcoins worth investing so far were only altcoins such as BNB, ETH, and Doge. Most of the remaining altcoins do nothing but sell their imagination.

[Korkorjkk]

Oh not at all, some of the coins were created by scammers so it turns out to be useless. But there are great altcoins out there which has a specific product backed by the coin hence making it very useful.

[Irviyandi]

In my opinion altcoin is useful for us with altcoin which is pretty much we have many choices for trading in the cryptocurenncy world, not only bitcoin but altcoin is also very profitable for us to invest and we can get quite a lot of results in  altcoin, even though it's not as big as the price of bitcoin but many have already succeeded with altcoin

[rijaljun]

In my opinion altcoin is useful for us with altcoin which is pretty much we have many choices for trading in the cryptocurenncy world, not only bitcoin but altcoin is also very profitable for us to invest and we can get quite a lot of results in  altcoin, even though it's not as big as the price of bitcoin but many have already succeeded with altcoin

If you only care about profit, you are supporting shitcoin or even scam coin, aren't you? It is the same with scammers who just care about money, no manners, no good behavior. If Bitcoin become the only coin to exist, I bet you would just leave this crypto world. If you read the original purpose of Bitcoin, you would not love it I'm sure.

[SlimShadyMmp]

For now let just say different coins will still keep coming with different purpose on the blockchain and different evaluation I really believe especially now with the launch of so many mainnet there will be more coin that will the useful in the crypto space far more than the most Moneros Is basically a time thing and awareness

[Vispilio]

Some altcoins have proven themselves to be definitively adding value, functions and technology beyond the scope of Bitcoin;

chances are pretty high that at least 8-10 altcoins are here to stay long term and become internationally acclaimed brands...

[logicgate]

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

 For me no one is useless and every altcoins has benefit for us but it is about users that how we use to deal with it, those who are selling at panic will not make money with any coin but those who are saving and holding will get profit out of it, I am sure it will never get useless but as time passing altcoins are getting more famous and useful investment for us.