A million altcoins

[Bitcoin_bullish]

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

[kolonel_x]

Altcoin can no longer be trusted as a future token like 2017, now many altcoins are dead and many are left by investors in the long term altcoin will die quickly but there are also many new altcoins with new ideas, and indeed when tokens are discarded the token cannot rise again.

[falseflagger]

Take a look at this topic: https://bitcointalk.org/index.php?topic=5194228.0

I agree.  All transactions, IP changes, renewals, etc. should have some fee that goes to the miners.

You might consider a certain amount of work to generate a domain, instead of a fixed total circulation.  The work per domain could be on a schedule that grows with Moore's Law.  That way the number of domains would grow with demand and the number of people using it.

Unfortunately Namecoin the first Bitcoin fork losing ground because capitalists speculating on Bitcoin price. Since 2016 the number of altcoins dramatically increased in order to get a share from the cryptocurrency boom.

I strongly believe that all other altcoins except Namecoin are totally useless.

Currently there are serious problems also in the development of Namecoin QT which according to my best knowledge not allowing to register .bit domains by choosing the coins the user may wish to spend. In the other hand Electrum-NMC very buggy and would need help from developers. In the future Namecoin will eventually going to beat all other altcoins because the current situation in the field of free speech is just getting worse.  

Satoshi Nakamoto said that "..number of domains would grow with demand and the number of people using it." But we have a problem today. Some people have registered hundreds of .bit domains and they not using it at all. Need to increase the fees in my opinion and that way squatters will be forced to give up many unused names.

I do use Namecoin and I will very likely always will exchange Bitcoin to Namecoin because as I said it is the only useful altcoin which ever created.

[dothebeats]

Investing in the altcoin market at this time is like finding a needle in a haystack: utterly time-consuming and useless unless you stumble upon a gem or two along the way. Despite having stricter regulations and enforcement of certain licenses before creating a new token, shitcoins are still appearing here and there like mushrooms feeding off of other dying altcoin’s volumes. There are a few notable and actually useful altcoins out there such as ETH and some tokens under it but that’s just about it. Besides, people don’t really need all the fancy features and other bling-blings some altcoins come up with just to sell itself, so why bother looking for newer ones when you can just stick to the old stuff that just works?

[falseflagger]

The bottom line is that "altcoins" are useless except Namecoin which is not only the first Bitcoin fork but is also directly connected to Satoshi Nakamoto. Not to mention that all new altcoin are released by some corporation which expecting profit. All these useless altcoins are eventually will fade away because a few people controls most of those coins. I'm a strong supporter of Bitcoin and Namecoin and I believe that all other coin worth nothing more than a poop!

[ecnalubma]

You have a good point if view mate, you have some points though. Like many people said this industry is still young and its too early to judge. Lets give these project some time but not a decade, if the same old S*** happen then we can coursing them to death if we wanted too, but as of now consider them they’re still on experimental phase.

[Pearls Before Swine]

Bitcoin is 10 years old and there is actually nothing better happened all this time.

You don't find altcoins with much lower transaction fees and quicker confirmation times to be better?  If that's really the case, you are looking at bitcoin with blinders on.  I say that and still love bitcoin, by the way, but if I were going to spend crypto to buy something, I would much rather use a coin like doge or xmr or any coin other than bitcoin.

Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

There aren't that many on the market, I'm pretty sure of that.  Nevertheless I do agree with you about any altcoin overtaking bitcoin's popularity.  That just is not going to happen in my opinion, but it also does not mean that some of them aren't better as forms of money.  They just aren't as good an investment.

[rosezionjohn]

I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

Where were you in 2018? We've already seen this dump happen before and many major altcoins are still here. Do we need another dumping before you get convinced? If it does happen again, the result will be the same. Some weaker altcoins will die while stronger alts will still survive and continue with the development.

[jrrsparkles]

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

Agree with the thing you said,but we need only bitcoin? If this happens then bitcoin also will become not practical to use by everyone so this is why we got altcoins but many of the tokens were created only to make money and it the investors still investing on it are most stupids.What we need to do? First thing is to stop investing on new projects and support the coins which are being developed towards its goal.

[ivan1975]

Many altcoins already dead. Look at CoinCodeCap:
https://coincodecap.com/dead-crypto-project
~1300 dead project with no activity on Github and total Market Cap ~ $700 billion.
On this market, the number of dead projects will continue to grow very rapidly. 99% will sink into oblivion, only the strongest will survive.

[eagleman]

I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

Well that's for sure.
But knowing who's milking the profits? I don't think that someone will show himself in the front of the crowd will tell that he has earned that much with these. Some can claim that they've made enough money but not with those but with bitcoin.

[o48o]

Of course most of them will die. But i don't think that many of them are even trying to archieve something that btc has already archieved.
I really can't see anything wrong with trying to implement new technologies on altcoins instead of trying to put them to bitcoin code for example.
New tech needs testing and what's a better way to test it then with separate projects to keep bitcoin safe and stable on the same time.

If the projects don't fail in the test of time, everyone is a winner.

[lolgato1]

Without creating and using a million altcoins, we will never know if they have a real chance of real use or not. I mean, we are learning from mistakes, we do not know about all possibilities of the blockchain technology and therefore we must constantly look for new use.

[mu_enrico]

With the current situation, BTC alone won't be able to handle all transactions though. Honestly, I probably use more ETH & EOS in a month than BTC. However, this situation will change dramatically if the lightning network can really work.

I think I heard something about the new Electrum release that would support LN. Definitely a game-changer if it's not buggy.

[7788bitcoin]

Altcoin can no longer be trusted as a future token like 2017, now many altcoins are dead and many are left by investors in the long term altcoin will die quickly but there are also many new altcoins with new ideas, and indeed when tokens are discarded the token cannot rise again.

Tokens and altcoins are different, majority of the token projects died after the crash and only a few will fulfill what they started out and most of the token projects shut their offices or cut their developers and waiting for the market to recover, the top altcoins in the market will recover but i am not expecting a rally like we used to see in the past but we will see the price improve according to the bitcoin market rally.

[liuqi]

You have so many emotions, buddy. Everything is not so bad as you say. Although I agree that there are a lot of trash altcoins on the market right now. However, without altcoins, the crypto market and the entire crypto sphere cannot exist.

Just for commodity we do not need all the cryptocurrencies to be exist this altcoins are being here to to make the price changes and market Trend to get the milestone profit for the traders.
I don't think so apart from traders general crypto users doesn't require any altcoins to be used.

[gantez]

Altcoin can no longer be trusted as a future token like 2017, now many altcoins are dead and many are left by investors in the long term altcoin will die quickly but there are also many new altcoins with new ideas,

I was to remind op that some people made good money in 2017 through altcoins at the time bitcoin was bullish. Agreed that this year hasn't been a good year to cryptocurrency but patience is needed now as we invest wisely. I'm thinking the 2017 will come back again and whoever is hodling good coins will smile to the banks again.

[humanitee]

Many altcoins already dead. Look at CoinCodeCap:
https://coincodecap.com/dead-crypto-project
~1300 dead project with no activity on Github and total Market Cap ~ $700 billion.
On this market, the number of dead projects will continue to grow very rapidly. 99% will sink into oblivion, only the strongest will survive.

Is the dead project seen from the active Github account? i dont think so
Many project still alive and give update about their progress development on social media or telegram, i think projects are considered dead as they do not update information about their projects or prices at the market dump

[Febo]

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Stay here read and learn and you will find what you are looking for. There are plenty in a million.

[pixie85]

I agree with this 99% of altcoins are useless but there are some projects that utilize something new that could really work and some have features other coins don't.
Privacy coins are one example. Yes there are some issues with Monero but this doesn't make it useless. Nothing is perfect and some of these coins were meant to give something more to the crypto space. Some had failed but their ideas were good just not executed well enough.

Some of those good ideas:
Coins mined in a different way to see what works out best like CPU, HDD, PoS.
Privacy coins
Stable coins
Smart contract coins