A million altcoins

[hatshepsut93]

Even if many of those altcoins weren't completely useless, they would still struggle to get adoption - simply because no one wants to manage a ton of wallets and currencies (all of which are quite volatile), so people would naturally gravitate towards one single coin, and that coin would be Bitcoin, since it's already the biggest and is proven by time. Plus, there's another similar effect - people adopt money that are already adopted by other people, since it means it's easier to spend and receive it. You have much better chances of finding a store that accepts Bitcoin than a store that accepts EOS or TRON.

[VeeTeaSee]

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.

i totally disagree with you - bitcoin has no privacy and barely programmable.. its slow and dumb and has high fees for small payments
there are few examples of good altcoin which are not "just money grab" but actually building something useful
the one i want to bring as an example is Zcash - they brought the zero knowledge proofs
go watch this video if u underestimate zero knowledge proofs https://www.youtube.com/watch?v=J3jKROwTPCs

anyway if you believe only in Bitcoin, its only your loss

[enhu]

There are 30,000 cryptocurrencies?

Well Ethereum does have the technology that has its purpose but we see is downsides as well which is why there are projects developed more advance to it. Technology of the tokens today are far advance than BTC if you just take a closer look to what they have been developing, its not yet fully developed but you can already see it with EOS which is among the 3rd generation blockchain.

Selling your altcoinds today is certainly not a good idea when you can see bear is coming to an end. You should have sold it when its price was way higher.

[bigcash2011]

This is obviously from a bitcoin maximalist, i do support and hold btc myself but saying that everything else is crap is not correct, there are many gems in top10 to 20 list, if overall market is bearish and alts are down that does not mean that alts have become useless, they will come to their potential sooner or later.

[qiman]

Although I have to agree that there are many scam coins and dodgy developers, there are some decent projects making changes around the World and helping to empower communities. I also like that altcoins are the way forward into democratizing money. We at least have a choice in WHAT currency and project we want to trust. We are not just forced to hold our FIAT currency and trust in the governments alone and the central banks and corporate cartels. This plethora of choice, though quite daunting is also unprecedented in our Human History.

[Pet240]

The old coins, that today are still making waves, did not do as much work , particular serious works, as much as we have in some coins today, yet they succeeded. The changes in the crypto space and the world in general are enabling more competitiveness and need more and better innovations.

[LbtalkL]

I can't find anything solid that makes me want to follow an altcoin.

Altcoins especially Ethereum has smart contracts feature that bitcoin does not have, You can program it to feet on our daily problems, you can create some Dapps. I don't think all altcoin is useless or priceless, yes it is true that they are growing looks like everyone wants to create their own coin or token so much useless altcoins that exist now with no use cases.

[glendall]

as long as the growth of cryptocurrency over the past 10 years did not have a good impact, maybe the ecosystem has been formed with a very complex context, but what about thousands of projects that have big concepts and eventually disappear after ICO funds are collected?
It is true that what you say is that all this reality is just a coin or a serious project that will survive and have a future.

[minairia3]

How about eth and those coins on the top 10? They dont see to be interesting to you? When it comes to application and use case I think there are lots of coins which are much advance compared to bitcoin now. Bitcoin value increase due to its being pioneered coin and can be compared to gold as it is the first one to rise. But if were talking about advancement here then Id say many defeated bitcoin already.

[Oneandpure]

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.

Million altcoin kind just famous for one day or one week, after raise to higher price altcoin dump and never back to higher price any more, why have million altcoin kinds in exchange market because only take profit with short time by developer and investor, they only want to earn money with altcoin for awhile and then after altcoin down they created new altcoin again and doing the same thing like altcoin before.

[matchi2011]

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.

An obvious reasons why many projects will die along the way, many developers are not serious with how they plan to bring progress to what they've created and losing interest from the investors will also affects the future of the coin. It's best to still learned how to analyze which project will still be there to work alongside with Bitcoin, tough work to be done but it worth the wait.

[Bitfling]

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.

An obvious reasons why many projects will die along the way, many developers are not serious with how they plan to bring progress to what they've created and losing interest from the investors will also affects the future of the coin. It's best to still learned how to analyze which project will still be there to work alongside with Bitcoin, tough work to be done but it worth the wait.

Agree, many coins or tokens have died due to lack of information from the developer team or the developer team is leaving the old project to work on a new project. This often happens because we can see the low transaction on the market and the inactivity of trading in the market so that many tokens are delisted from exchangers

[DGulari]

How about eth and those coins on the top 10? They dont see to be interesting to you? When it comes to application and use case I think there are lots of coins which are much advance compared to bitcoin now. Bitcoin value increase due to its being pioneered coin and can be compared to gold as it is the first one to rise. But if were talking about advancement here then Id say many defeated bitcoin already.

I believe if we invested in top 10 altcoin in CMC it won't give us much profit than invested in unpopular token right now, once those unpopular token getting more popular, that's when we will see ATH from that token price and our investment will be turned multiple times.
Bitcoin is accepted in many countries as alternative payment, that's why the price is higher than other crypto.

[target]

I only see few projects that are going to die, these are scam team and teams who won't continue to develop the project. And the reason why they may not continue the project is because their funds run out. This couldn't really happen to projects doing ICO in the past years if the team are managed wisely which could the platform they use could be involve. Those teams hasn't sought this out before particularly the team developing under the ethereum flagship.

This is why teams these days are preventing the drain of money out of their hands by not distributing the bounty tokens until the bullrun they expect comes.

[MMysterious]

We have 30k altcoins already? I didn't know that. Maybe not more than 10k is my estimate. But this guy has a point on these projects. Except maybe on some altcoins like ETH, XRP, Stellar and maybe few more. These coins are in the top 10 because they work harder than the rest of the altcoins. 50% attack is such a pain in the ass. We will see in the future which of these coins are still there. I now agree with crowdfunding to be government registered. Heads should be rolling (don't make it literal) when projects fail. Investors should be protected.   

[NathanJB]

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.

You are exaggerating it a bit too much, mate. Do you seriously think that there is not a single decent altcoin in the market right now? That is an opinion that stretches far beyond the reasonable bounds. What do you consider decent, by the way? If you are looking for a perfect project with a perfect blockchain network without a single glitch and problem, then you will find none. Even the Bitcoin network has experienced problems. Its network clogged sometimes, the size not enough, etc.

[maydna]

For the unprofitable altcoin, yes, they will not survive in the bear market. That altcoin will disappear as soon as the market reset so that the useless coins will delist from all exchanges. But many other altcoins can survive because the project still running and still update to reach every phase they have. If you check on the marketcap, we have a 2415 coin list currently, but only 2054 is still struggling in the bear market. Perhaps, in the next bull market will give them a chance for them to rise again, so we know which coin will have a better position.

[barnes13]

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.

I agree with your opinion, many altcoin projects are abandoned by their investors because they cannot keep promises according to the planned roadmap and also cannot develop their projects as investors expect. But on the other hand there are more and more new projects offering new concepts and solutions to users, but still ... among them only a few can survive. The rest is a failure because they can only make concepts without being able to realize them clearly in social life.

[Flor1982]

Although i agree that Altcoin market is already crowded but still there are lot of commodities out there that needs help to be discovered and to be develop in which using Altcoin is the one way to make these things to become possible so for me Altcoins is very much needed and it will depend to investors on how they will dispose wisely their resources for their future investments

[Ararbermas]

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.

true it will never recover again once the price is down.  Wherein even the team behind build new idea to avoid risky situation its still useless. Because you know investor nowadays always declined a project when there's a fluctuation or hard fall in the growth rate.  Reason why nowadays there's a lot of project that can't succeed and always become abandoned after the fluctuation.