What do you think of altcoins? Don't you think who has too much for nothing?

[suzanne5223]

First of all, it not all altcoin/ERC 20 token are useless but 90% of them are because of the level of imitating others project concepts which only make most the copycat project live in the shadow of the first project that implemented the concept.
Second, you need to understand that the altcoin market is highly manipulated and this is the reason some investors choose to have little while they invested most of their funds in bitcoin.
Conclusion, having too much altcoin if you don't have adequate time to manage your portfolio is bad and choosing centralized/hype base altcoin is the worst.

[1715083290]

1715083290

[1715083290]

1715083290

[1715083290]

1715083290

[Yatsan]

The reality is that we do have lots of Altcoins in the market which actually make it flooded or crowded but not all are tend to be used by people because most of them are just sharing the same kind of idea and features and just added by some improvement just to make it unique and incomparable to the other existing Altcoins.

Actually we cannot control the making of Altcoins for there are lots of people thinking in this world the concept that cryptocurrencies can lead the way of making solutions regarding social problems that are needed to be attended with the approach of using cryptocurrencies and blockchain technology to help out on this. But with such concept, we are overlooking the real essence of useful cryptocurrencies due to we just keep on launching a like projects which makes a lot of Altcoins already in the market. It is just that with such number, many of those are already being left behind and ignored. Though there is nothing wrong about the existence of Altcoins in the market, you just have to be picky to choose only the essential Altcoins based on your preference and never mind other things so that you won't get problemtic on thinking how can you manage such numerous Altcoins in your portfolio.

[JeotQ]

The problem with new altcoins are the team and developers, the kept making unnecessary crypto projects to take advantage of the technology and cater away with investors funds that's why we keep seeing many old ideas over, stay away from repetitive projects, that's all I can say

[Synaesthesia]

I don't trust new altcoins, they are mostly built by scammers, I wish people can start investing in projects that are already on top ranks on coinmarketcap, they are less risky and active than most new projects that will turn scam later, if I have to trust any it will be a project that was announced by top exchanges like binance

Depend on the market trend because if that coin is of great interest and the development team always has a lot of outstanding news, it will surely attract a lot of big investors. I prefer to invest in newer coins because it yields huge profits if you are lucky and of course, the risk will be very high compared to the coins available in this market so please consider when deciding.

[Bitcoinislife09]

There is no barrier here to stop the people from creating their new coins or create their token on existing blockchain so they come up with new ideas everyday but we don't have investors to invest on every projects that is why there is no more legit project here.Only scammers stick around to make some more money.

Yes there is no barrier or limitations in creating new coins in a single day. That is why there are new coins developed daily. The competition in here is for investors in where they may invest their coins. Coins are legit by the way. Many people just do not believe it because of the news that they hear everyday. Bad news keeps on propagating about coins. So as an investor you must always have more research before investing your money in a specific coin.

[Ochakemaput]

Depend on the market trend because if that coin is of great interest and the development team always has a lot of outstanding news, it will surely attract a lot of big investors. I prefer to invest in newer coins because it yields huge profits if you are lucky and of course, the risk will be very high compared to the coins available in this market so please consider when deciding.

if you are lucky, of course, you can produce high profits. but the new kin risk in the market is huge. many new coins don't last long on the market. try to see the development of coins for one year. if they can survive maybe they are worthy of us as investment assets.

[semobo]

Anyone can create their own crypto currencies, some are creating their coins while most of them are using other blockchain to create tokens but in my opinion most of them were pretty useless because they have no real use case, every token has been used for bump and dump not for the purpose which is created for.So investing on them holds huge risk as well, its either to choose best of all or just don't invest at all.