Are altcoins useless?

[xSkylarx]

Many of them are useless but not all. Top altcoins on coinmarketcap has their own use cases. They have their own project to contribute to the blockchain technology. It depends on that individual how he appreciate them if he would define it useless.

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[Ioann11]

Today, there are already about two thousand cryptocurrencies. However, most of them are lost against the background of Bitcoin and etherium, which for years have retained the status of the main players in the market.
Hundreds of other cryptocurrencies that appeared on the wave of Bitcoin success could not make such an indelible impression on users. But one could - Ethereum.
There are very good altcoins and designs, and they still shoot like Ethereum!

[Jpti]

The fact is almost of all coins have involved in speculation to some extent. The market has hundreds of coins at present and an endless string of new coins are hitting the market every day. Nobody knows how long this will continue. But we all know that bad performing coins will disappear from the market and only filtered coins like ethereum, bitcoin, monero, litecoin will remain with us.

[HouseStark]

The massive volatility and pump and dumps that occur with crypto has shown that many people are in for the money and not the tech. Hence even though we may see ALTs as not having performed very good, people will always follow it once they can make money outta it. So such people don't see ALTs as useless.

[iTradeChips]

As far as my experiences with the altcoins are concerned. I do not have any bad experiences so far like scams or lost any big amount. I am very careful in picking which coin to invest and trade in my trading sites. If I am earning a profit with my altcoin trades then I am confident to say that altcoins is not useless. There are just people who want to see altcoins dead and spreading falsehoods that makes people shy away from altcoins.

[localcrypto]

Altcoins are alternative developments for crypto currency in order to develop a new technology and implement every alt coin need some specific amount of time and innovations only few coins will last in bear market does cant survive in bear market

[BennyK]

Not all altcoins are useless because every altcoin has got its idea and product on the market. Some altcoins have working products and these products give the demand for the coins. An altcoin becomes worthless when it has no working product and no demand on the market.

[zzortyx]

Altcoins make up a significant part of the total market capitalization. If the altcoins were useless, they wouldn't be cost anything. However, investors invest a lot of money in certain projects. Only failed projects and their tokens lose popularity and become useless.

[Wong Gendheng]

Altcoins make up a significant part of the total market capitalization. If the altcoins were useless, they wouldn't be cost anything. However, investors invest a lot of money in certain projects. Only failed projects and their tokens lose popularity and become useless.

The problem now is that there are too many altcoins so there are a lot of useless altcoins, this is the biggest problem because it makes competition very tight and only the top 100 will survive.

[mattadc]

I would say that 85% of all coins are really useless, while the remaining 15% are working, promising and are mostly in the top of the market.

[Barbut]

Some of them are useless my friend, really useless, there is no need for denaying a truth. They are just bad copies, nothing more, and like every bad copy, there is no future for them.

I would say that 85% of all coins are really useless, while the remaining 15% are working, promising and are mostly in the top of the market.

With the number of coins out there, it`s reasonable to think that more than 85% of them are useless. I must agree with that, they are just schemes for some people to make fast money, pump and dump coins, how people like to call them.
This is the reason why people should do research before investing, just 15% have some future, others will die along the way.

[Pet240]

Bitcoin might be seen as the king, but altcoins are the backbone of cryptocurrency and the reason for it's continuous existence.
The only thing we need to control or eradicate is the influx of scam projects, which has made some people not to trust the system.
So altcoins are the future and the best of alts is yet to come.

[Novatech8]

Many altcoins are indeed useless and shouldn't have been created in the first place ,many of these useless coins are backed with zero working product thats why they never have any real value after long term , we only have very few altcoins in crypto space that's worth investing in