Are altcoins useless?

[Alohadanc3]

I don't think that altcoins are useless. Beside Bitcoin every coin is a altcoin. I know many of the altcoins are scam or failed to conquer this ecosystem. Many of them not so active after ICO stage. But many of them are really do some hard work and want to establish the blockchain technology to the world. Through altcoin many new concept come to this the real world. So I always adore altcoins. And I also think that altcoins and also new ideas are very essential for this ecosystem.

[1715086863]

1715086863

[1715086863]

1715086863

[1715086863]

1715086863

[sergei1703]

No, there are a lot of altcoins that have a great usability not only in a cryptocurrency sphere, but also in a real business, for example, Ethereum foundation!

[harsi123]

No, there are a lot of altcoins that have a great usability not only in a cryptocurrency sphere, but also in a real business, for example, Ethereum foundation!

I also think that 500 coins that have real value are a very small amount. Soon the market will be thousands of different new projects and coins.

[Gab20]

Now days we have more than 1 000 altcoins on the market. The question is, are people really using them?

Only long term investors will ask such question, because they want a good return of their investment in terms of profit, after waiting for so many years. A regular trader or short term investor will not ask such question, because he is only after profit and not concerned whether the product reaches its finished stage or not. This most times is what some developers do. They issue coins that will never have real usecase. So very few will fit in properly for long term.

[Snowworker]

Alt mints are the better! And your largely probable to create a profits of alts than you are on bitcoin unless you get sufficiency cash to purchase a infrequent bitcoins.

[Ghost_1957]

It's free to read your text. but i disagree with you that alt useless. they have good ideas and are developing them. If one day alts are put into practice, that's a great thing

[Marilis]

As well other to add altcoins are discarded. We are yet in the stage of trailblazers or other parents. When we move to other more than half stage, you buoy already tracheophyte away the vain ones.

[Pecunia non olet]

As a Bitcoin maximalist I am afraid that all of altcoins are useless. We have a cryptocurrency (bitcoin) and thanks to second layer solutions we could upgrade it and adjust it to anything you need.

[igor.vanyutin.83]

A lot of them are useless for sure, but there are a lot of true diamonds as well. Altcoins have a much bigger perspective than BTC, because they are much faster, cheaper and have more real value as the main crypto currency.

[Perfect35]

An altcoin that gives one profit might not be seen as being useless, which i feel might be a general notion.
Logically, if the coin has no real usage, then it is useless, because such coin tend not to last long and will not contribute anything meaningful.

[Absolutep]

To me altcoins are not useless, there are so many altcoins that can be very profitable, we just need to select carefully.

[Aalu]

I am also wondering why there are so much coins. Does the market need still more coins? is the number of coins the market already has not enough for the people across the globe? But I think the fact is that there is a free market and anyone can do the business meeting the requirements. We should not worry much about such a large number of coins as they will be filtered from the market over time.

[NibleyIt]

I differ whether the altcoin is not worthy as until instantly indeed altcoin has a plenty of large superiority and it each conditional on on you how to be capable to cope with it so that it buoy advantage and furthermore keep off large hazard

[Ballalar]

That is right that we get plenty of altcoin in crypto place instantly with plenty of vain service surrounded by them on the other hand still we yet get plenty many that has a extremely meaningful worthy production which presents delight at remain so I desire instruction everybody to appropriate cautiously whatever alts they wish to put in in earlier swing your method representing security cause.

[logicgate]

Not all altcoins are useless. Any cryptocurrency other bitcoin is an altcoin, so many altcoin exists such Ethereum, Grin, Dash and BAT all of these have their uses too.

  Not everything the same as we know 5 fingers are not the same, so this way not talk altcoins are the same, some are surely not worth investing but some are actual future making coins that we should invest our money in, like bitcoin, ETH and ripple are the coin that has good potential and it makes good profit.

[abs350]

As for me, a very stupid question because there are useless altcoins and some useful altcoins, which are very useful for me, to draw useless for a very good profit, of course, it’s better not to work with them.

[Ss4sukE]

completely I don't think altcoin is useless. altcoin which has great potential and strong users will certainly get good results for investment. but if altcoin has absolutely no further price developments, it is one of the useless altcoins.

[abs350]

There are a lot of coins on the market that are really good to invest in.  And there is a group of coins that are really dermovy and they should not be on the market, they are just copies.  We really need regulators that will clean this whole thing. But this is all in the future, as I understand it. Projects can really be found. I believe in this.

[Abiky]

No, there are a lot of altcoins that have a great usability not only in a cryptocurrency sphere, but also in a real business, for example, Ethereum foundation!

Exactly. We cannot generalize that all altcoins are useless, when in fact, there are some which are quite beneficial to the mainstream world. Ethereum, is a good example of this, when it can be used for the development and interaction of decentralized applications, as well as, tokens (either fungible or non-fungible for gaming). On the other hand, altcoins like Zcash and Monero can be used for privacy where hiding transactions for prying eyes is a must.

Of course, the winner here will still be Bitcoin for a long time. But, I believe that the altcoins mentioned have a good chance of surviving in the mainstream world for a few years from now. What really determines if an altcoin is useful or not, is if the same has mainstream adoption, and active development. As a crypto enthusiast, you should do your own research about specific cryptocurrencies in order to determine which one(s) is/are best for your everyday needs.

Nonetheless, the introduction of Bitcoin's Lightning Network may render many altcoins useless in the long term. Still, only a few will remain in the market as diversity is key for the success of Blockchain technology. Just my thoughts

[Impaler]

I don't think that altcoins are useless. Even in this market without Bitcoin most of the coin is a altcoin. And with altcoin the new ideas come with it. I know for last few months the ICO market was not going well. In the market ICO creators scammed people very hard. Most of the icos were took people money and disappeared. Some of them are successful at ICO stage and then failed at development stage. So investors are kind of Afraid of the whole thing. But now the market is reborn again and many good projects becomes thhlrough ieos. So this fundraising market is very important for the whole crypto ecosystem.