Is the large variety of Altcoins hurting the market?

[Atheneum Blockchain]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

[Queen_Amber]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

Its a bad thing. It only causes more confusing and makes crypto look bad in general.. imagine if there was only 100 coins, and $100 in crypto..
that $100 will be spread across the 100 coins, making each coin worth about $1 each..

NOW, imagine if there was only 10 coins, and $100.. now each coin will be worth $10 each instead of $1 each..
its the same concept but just on a bigger scale!

[BQ]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

Its a bad thing. It only causes more confusing and makes crypto look bad in general.. imagine if there was only 100 coins, and $100 in crypto..
that $100 will be spread across the 100 coins, making each coin worth about $1 each..

NOW, imagine if there was only 10 coins, and $100.. now each coin will be worth $10 each instead of $1 each..
its the same concept but just on a bigger scale!

well not entirely correct is it, if you remove all these shitcoins it doesn't mean all the money would go into another crypto!
many of the cryptos and icos has received money from outside-crypto sphere investors.

to reply on topic, it does make the market a bit  "embarassing", in reality, a few coins alone make the majority of coins redundant.
the next bullrun will bring a few coins up to the top and remove the vast majority of these other ones.

[juchin]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

It will not be good for market if more than half of them are garbage and scammer. The market needs to be purified before having a steady growth step

[Queen_Amber]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

Its a bad thing. It only causes more confusing and makes crypto look bad in general.. imagine if there was only 100 coins, and $100 in crypto..
that $100 will be spread across the 100 coins, making each coin worth about $1 each..

NOW, imagine if there was only 10 coins, and $100.. now each coin will be worth $10 each instead of $1 each..
its the same concept but just on a bigger scale!

well not entirely correct is it, if you remove all these shitcoins it doesn't mean all the money would go into another crypto!
many of the cryptos and icos has received money from outside-crypto sphere investors.

to reply on topic, it does make the market a bit  "embarassing", in reality, a few coins alone make the majority of coins redundant.
the next bullrun will bring a few coins up to the top and remove the vast majority of these other ones.

i disagree with you 100 precent. you dont know what ur talking about

[PanGiMoon]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

This is bad, because as stated, the demand and value of others is reduced. it is better to leave the top and most current coins on all stock exchanges as before, and to dry all the rest.

[Ozero]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

No, I do not think that a large variety of altcoins harms the general state of cryptocurrency. Investing in cryptocurrency does not occur in a precisely defined amount, but from the demand and necessity of this cryptocurrency. Therefore, if there is a lot of good cryptocurrency, then people will invest more in it, and its popularity will grow.

[Herbert2020]

no, it doesn't work that way.

the only thing that is hurting the market is the altcoin market itself. more precisely, it is about the fact that 99% of the altcoins are completely useless. which is why they don't have any future and that is exactly why the only hope for them is to be pumped and dumped and nothing more.
so the result that you see in the market is a constant decline of the values of all these coins with some temporary uprise (aka pump) and eventually death and replacement by new shitcoins.

whether there are 50 altcoins or 2500 altcoins doesn't make a difference as long as they are useless. but if they begin creating valuable coins then even if there were 10000 of them, they will all be valuable and keep rising.

[shinratensei_]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

That depends on the how good altcoin is. Remember with the various altcoins and you can't determine which is good or bad, if there was a lot of good altcoins that will be a good impact to the crypto but the opposite thing will happen when bunch of bad coins appear

[tbossmitche]

This is a fact we can't deny. I believe the numerous types of cryptocurrencies available in the cryptocurrency space is largely hurting the market. Personally, if I'm looking to participate in an ICO, I always look to sell some of the coins previously in my possession. I I didn't have to sell those coins, my holdings would have generated a fair share of scarcity required to keep the price of the coins stable. Another major reason is that the vast majority of altcoins are absolutely useless and are used for the sole reason of pumping and dumping.

[semobo]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

But no one can stop anyone from creating their own coins and if people are investing on it means they were trusting those coins as well,they will learn only if they get scammed or lost their money.I am also agree that most of the new projects hurting the cryptos from being adopted by people.

[dnovsckym]

It depends on which side to look, if in terms of cryptocurrency development, this is good, but if we are talking about the distribution of capitalization, then this is bad!

[btc_angela]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

The only downside with the huge amount of crypto right now is that majority of them are just shitcoins and nothing has to offer and it suckered most of the funds of unsuspecting victims. But then again, we are a free and open market, who are going to stop someone from developing their own shitcoins?

[dodgecharger]

I think that cryptocurrency is too concentrated in 50 tokens. This is not a good thing. Only competition will promote the development of cryptocurrency. Therefore, in recent years, countless cryptocurrencies will be born. Only with continuous progress and development will cryptocurrencies survive.

[Denton]

I think that a large number of altcoins simply makes it difficult for new investors to enter the market. Because if he has a bad understanding of crypto, it will be difficult for him to decide which coin to invest in. In addition, a large number of shitcoins also makes inexperienced people think that crypto is a complete fraud.

[therhslv]

  You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto? 

More possibilities for people . Its like there is loads of different Vines , beers , Fiats , cars and so on . Why should we have like 10-15 different banks in country if you can have one I would say its good , as it employs people and there is new people coming in to learn what is blockchain and how to code lets say on ETH or any ETH based token

[karman383]

In my opinion the more types of crypto, the more chaotic the altcoin price will be. I think now that it has begun to be seen with the many new coins that are starting to come in the middle of cryptocurrency, is it making prices and market conditions better? I don't think at all, it actually makes the condition decrease dramatically. For me that's the cause. Confusing for me.

[StarofBTC]

 You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable.  In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto?  

There was a discussion in our main speculation board about how these many altcoins indirectly hurting the growth of bitcoins. That was about how altcoins are misguiding investors and how it was impacting the value of bitcoins negatively.

Now, you are also stating similar thing like large variety of altcoins is good for diversification purposes but definitely bad for individual coins' growth.

[Cryptmuster]

I think that prices fall because each cryptocurrency delays a part of the income on itself, this reduces prices, I think that we need a regulator of cryptocurrencies, since a lot of garbage appears.

[Supercrypt]

I think that prices fall because each cryptocurrency delays a part of the income on itself, this reduces prices, I think that we need a regulator of cryptocurrencies, since a lot of garbage appears.

I believe there will be any possibilities for regulating authorities for altcoins as the whole system is supporting the freedom to create and choose. So, it is your own responsibility to stay safer. You cannot blame others for their actions. Even there are 90% of coins are garbage for the need of remaining 10% we need to tolerate all of the garbage.

arge variety of altcoins is good for diversification purposes but definitely bad for individual coins' growth.

Yes, when there are many coins, most of them may fail to attract continuous investors which may lead to deviation in expected growth given that we are considering only real potential coins. Scammy coins also will be having similar impact as large amount of altcoins will be impacting all the altcoins and bitcoins too.