cryp24x
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December 07, 2019, 12:37:36 PM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
For sure, there will be dying altcoins in the near future but I don't want to assume a number because there are still altcoin that will surely survive. 30 to 35 is quite a little number compared to thousands of altcoins. I think one thing you have to consider on choosing good altcoin is that, since altcoins were produced due to need and solution of a certain problem. I think we need to know if that problem was already solved and still there is a need for that altcoin.
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andriarto
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December 07, 2019, 12:50:17 PM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
It would not be a surprise as the new coins and tokens would replace the old ones. Blockchain and crypto are new technologies and are going in rapid development. Any coins that would lag behind on the competition would be left behind. Of the currently listed 1000s of coins, only about 100 would survive after 10 years. I agree that fewer altcoins will survive, and so will the new altcoins, they will undergo a selection period to survive in the crypto world. therefore choosing the right altcoin will help us to get a good return. do not let the wrong choice of altcoin, because it will be rubbish, and that means you lose your money
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jagaban
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December 07, 2019, 12:52:11 PM |
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I think your friend is right. Many of the altcoins will die surely as most are not even sticking to their roadmap plans. I will advise people to focus only on projects that are working and operational or better still just invest money in the top coins Btc and ETH
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JohnBitCo
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December 07, 2019, 05:01:23 PM |
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I think your friend is right. Many of the altcoins will die surely as most are not even sticking to their roadmap plans. I will advise people to focus only on projects that are working and operational or better still just invest money in the top coins Btc and ETH
In 2017, there was craze about altcoins and everyone was thinking that many altcoins will go high in value like bitcoins. but that did not happen and now everyone has realized that a lot of money is gathered in the name of altcoins and there are no real projects behind. The Altcoin season may come again but it will not be as big as the previous one when even the shitcoins gave good profits. This time around only the best altcoins will survive and rest will die.
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nekonyun
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December 07, 2019, 05:13:20 PM |
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Yes that's right because only altcoin has a project that can be used on the blockchain that will survive in the future such as security projects, wallet, Dapp etc. And in my opinion projects that will die, like a sales project or that have no connection with the blockchain
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naikturun
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December 07, 2019, 05:14:17 PM |
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It is likely that alt which is ranked in the top 50 cmc will survive, but who knows the state of the market can not be guessed, even every year we see a new kokn which immediately rose to rank 100, so it is very unpredictable. coins in the top rank can also suddenly drop at any time.
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irixo10
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December 07, 2019, 05:21:20 PM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
Yes indeed, there are thousands of altcoins already in existence with more coming up everyday, where out of the whole lot coming up only 1% might be true. This makes me wonder why investors think it's wise risking their funds in those projects. Nevertheless, about saying 30-35 altcoins will be useful in the future; your friend might be right though because even new projects aren't bringing anything new which means those with the first idea will continue growing and topping the charts and others will only but die off.
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starblocks
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December 07, 2019, 06:25:56 PM |
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This is unfortunately true that not all alt-coins will survive especially not a lot of the smaller projects that will just become superseded by newer technologies so if you are investing ensure a startup has long term viability and is competitive in its category and these are mostly top ranked alternative assets
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target
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December 07, 2019, 06:35:08 PM |
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Not all altcoins will be utilized in the future but the top coins will probably be used in the mainstream. The news I've read lately was the SBI holding are going to distribute dividends with XRP, that certainly is a big news, I guess the altcoins where teams can influence big companies to partner with them cater more investors in uncharted areas. The future isn't just for BTC for from cryptocurrencies.
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noormcs5
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December 08, 2019, 03:42:46 AM |
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Not all altcoins will be utilized in the future but the top coins will probably be used in the mainstream. The news I've read lately was the SBI holding are going to distribute dividends with XRP, that certainly is a big news, I guess the altcoins where teams can influence big companies to partner with them cater more investors in uncharted areas. The future isn't just for BTC for from cryptocurrencies.
The good altcoins can give better returns in the long term but if we need to invest in alts then we should be 100% sure which coins to invest in based upon their projects. Also i think the next altcoin boom will be after the bitcoin boom, which means the time bitcoin create a new all time high and then altcoins start to pump as it happened in 2017.
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meliodas
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December 08, 2019, 04:41:58 AM |
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I really think that the altcoins will be up like what it was back in 2017. The prices of altcoins right now are so low and if you are a smart investor then you know that this is an opportunity to cop a lot of cryptocurrencies for long term holding and expect to make at least a 100% return if you are patient. Just buy and hold the good altcoins and you will be fine.
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TastyChillySauce00
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December 08, 2019, 04:47:50 AM |
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I really think that the altcoins will be up like what it was back in 2017. The prices of altcoins right now are so low and if you are a smart investor then you know that this is an opportunity to cop a lot of cryptocurrencies for long term holding and expect to make at least a 100% return if you are patient. Just buy and hold the good altcoins and you will be fine.
2017 is the year of overhyped altcoins. Even some garbage project could get funding easily and the rate of ICO success is significantly higher but that doesn't mean a good thing. The market at that time is really unhealthy and ready to have a massive correction anytime and as a result the massive dumping around Dec 2017 - February 2018. Altcoin have a really low chance to get mainstream like in the past if you take that reason into account and people are not overhyped anymore. The good thing is, the market is rather healthy and not as fragile as it is back then.
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Zackgeno96
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December 08, 2019, 05:24:15 AM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
Your friend is absolutely right about most of the coins dying in a few years and only a few usable ones that would survive. This is due to the fact that the developers aren't patient enough to wait for their coins to gain public support, they only want to make money and rinse and repeat. This is the reason why there were so many ICO back in 2017 when crypto was everywhere and bitcoin price was shooting to the sky,so everyone thought of capitalizing on the opportunity and a lot of shit coins were coming each and every week and most of them are dead now.
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pant-79
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December 08, 2019, 09:07:26 AM |
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I think presently, more than 30 are already been used for real world cases worldwide, so his prediction is already flawed.. but I think the altseason is coming and very soon, maybe in 2020, things are not what it used to be in 2017 but we might be seeing another epic price movement in 2020, afterall it's predicted that Bitcoin would still eventually hit $100,000 price range and surely, Altcoins would be following the price growth as well.
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yulionoo
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December 08, 2019, 10:10:03 AM |
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yeah i think most of altcoin will be shitcoin. only coins that have trading volume, liquidity, usability and community can survive in the crypto market and that is probably only the top 20 coins in CMC. and in my opinion the altcoin market will not be the same as the altcoin market in 2017. although later bitcoin will pump after being reduced by half in 2020. I think only the top altcoin will experience an increase and maybe the increase will also not be too high.
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Cacingkemi
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December 08, 2019, 10:48:15 AM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
there will be some altcoins that can still increase their value and at least of the thousands of altcoins that exist, 100 altcoins tend to have good potential going forward and there will be some of the 100 existing coins that will pump up related coins to increase their value. the rest might die and just become useless shit coins
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Hippocrypto
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December 08, 2019, 11:11:32 AM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
there will be some altcoins that can still increase their value and at least of the thousands of altcoins that exist, 100 altcoins tend to have good potential going forward and there will be some of the 100 existing coins that will pump up related coins to increase their value. the rest might die and just become useless shit coins We may seen some of those coins be out of the limelight, but eventually other new top rising coins will pump. I think there will be few of them will reach the top price when the market recover back, and we'll be able to see greener days at trading sites. Hopefully the mainstream will not disappoint us in the upcoming year 2020, and fortunately it brings hope to every holders and traders.
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MancyZz
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December 08, 2019, 12:10:11 PM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
there will be some altcoins that can still increase their value and at least of the thousands of altcoins that exist, 100 altcoins tend to have good potential going forward and there will be some of the 100 existing coins that will pump up related coins to increase their value. the rest might die and just become useless shit coins We may seen some of those coins be out of the limelight, but eventually other new top rising coins will pump. I think there will be few of them will reach the top price when the market recover back, and we'll be able to see greener days at trading sites. Hopefully the mainstream will not disappoint us in the upcoming year 2020, and fortunately it brings hope to every holders and traders. Continuous flows are capable of more Altcoin prices. A considerable mainstream will produce a million potential to get the overflowing high esteem. Thus the progress demonstrated by Altcoins is a preliminary step for real and global mainstream markets. Able to produce high numbers with a luxurious surprise entitled to make Altcoin the firts in the world. This agility is real and physically classy.
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Nivia1st
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December 08, 2019, 03:08:46 PM |
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
those that will survive are coins that have real demand, and others will die. This is not a speculation, but a reality that will happen in the future. so from now on we have to be more careful if we want to hold it for the long term. Don't be affected by the Hype because this is a mistake.
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cramcram21
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December 08, 2019, 03:14:45 PM |
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It is true we already have so much alt-coin right now and most of them are dying or worthless. The problem is that most of this alt-coin aren't doing what they are supposed to do they aren't following their plan to be successful or be useful to the crypto community that is why they are being ignored.
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