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Author Topic: What do you think of altcoins? Don't you think who has too much for nothing?  (Read 440 times)
tycsols
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June 20, 2020, 01:48:29 PM
 #21

Today, the market is not the same as before

Don't you think ERCs are useless, most new cryptos are only based on ERC Roll Eyes, but after that ?, It depends on the Ethereum network.
Ethereum is really a very interesting new technology for the future, but not the ERC, except the stablecoins exception which is really good when the market is suffering.

Monero, Zcash well there are also others but for me Monero is more about confidentiality than Zcash. Monero is the new crypto for traffic is also to break the tracing between an exchange BTC, XMR, BTC, XMR, BTC.

News of the day XD Cheesy cryptos to save the planet lol it's stupid Cheesy because we need mining.

XRP, Stellar: fast coins for those who need money urgently but really but other than that? we can't even do mining, Ripple is blocking your 20XRP account, is the price doesn't even talk about it it's too high it's not even worth 0.001 cents Grin.

Do not even tell me about the forks that copy Bitcoin like Bitcoin Cash, BitcoinSV, Bitcoin Gold is sorry for others horrible Angry.

It's just that today a lot of projects are used for not much, it's more the same world, everyone wants to create their own crypto but after not crying because it's a lot of wind blowing.

Also some fork and altoins which are also better in the future like bitcoin but will not exceed the top 1.

Ethereum, Monero, Litecoin, Dogecoin, Chainlink, Tezos, Cardano, Neo, DigiByte, Zcash, Cosmos. Lips sealed

What do you think of the beginning of altcoins, fork we were all on the charm with a wow a new crypto which appears Cheesy, but now we lose the pleasure of discovering the new cryptos because the market is flooded Sad.
It is true that the market is flooded with coins and perhaps we do not need most of these projects and the coins/tokens marketed by these projects are already useless because of no demand, some are struggling to list on exchanges while some are struggling to find buyers, traders and volume at the exchanges.
But still there are good projects also present, I agree the percentage of good projects is small but if you improve your due diligence you will be able to skip most of the low quality projects for sure.

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June 20, 2020, 04:41:26 PM
 #22

Most of the listed coins were created before the ICO period, they were created with the power of imagination and people working hard towards reaching it.

None of those people made any money, sure they mined it earliest but they were equally challenged and if they didn't had enough mining power they were ousted very quickly and made no money from it, they didn't do it for the money, they didn't do it for the fame, they did it because they felt like there was something missing in the blockchain world that they could change and make a big difference and that is why they created it. That is what lacking these days, people are creating coins not because they want to change the world, they create it because they realized there is millions of dollars to be made from the fools who think ICO is to way to become rich overnight.

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June 21, 2020, 09:23:53 AM
 #23

For the most part and by this time, most altcoins not worth their salt have either gone the way of the dod already, or they're about to go that route now instead. In any business or industry, the survival of the fittest rule still holds true. So, if you're an investor, learn to know how to weed the bad from the good or else, you shouldn't be investing in any business or industry instead.

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June 21, 2020, 11:31:51 AM
 #24

In my opinion if you have no enough skills trading or holding then new altcoins very risky for you. So between best wishes go ahead investing in BTC, ETH with other top coins. I prefer Learning long time for everyone new altcoins and for old i believe it if a project have no demend then i do not agree invest.

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June 21, 2020, 11:55:05 AM
 #25

Don't you think ERCs are useless, most new cryptos are only based on ERC Roll Eyes, but after that ?, It depends on the Ethereum network.
Ethereum is really a very interesting new technology for the future, but not the ERC, except the stablecoins exception which is really good when the market is suffering.
Doesn't have to end like that.
They can make a swap into a coin instead of being a token forever under Ethereum.
But this also diminishes the value since some investors won't waste time doing the swap.
There should be another way as long as the owner is active.

What do you think of the beginning of altcoins, fork we were all on the charm with a wow a new crypto which appears Cheesy, but now we lose the pleasure of discovering the new cryptos because the market is flooded Sad.
It's true and it's also sad.
Reading comprehension is out of the picture.
Why? We wasted so much time before with all the deep research for every altcoin created. Some of them are just duplicate with a small change in feature which is not inviting to buyers.

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June 21, 2020, 12:20:07 PM
 #26

We dont need numerous altcoins that has the same goal but failed to implement their real purpose. Then in the end it will be another shitcoins existing in the market and those who know nothing about crypto are the ones that might fall in these coins. So its up to us what to support and trust, we dont need to look at useless coins, just hold and buy a coin/token that you think is worthy and can be profitable if you add it to your portfolio.



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June 21, 2020, 12:59:38 PM
 #27

I see no future for new altcoin to boom the crypto market right, I myself not interested in investing in new altcoin at the moment because no profit comes out from them except the ones conducting IEO on Binance only for short term investment. Altcoin are not of benefits but the little ones available in the industry now are ETH, EOS, Cosmos (Atom), Monero,  these still have million dollars circulations compared to new altcoin at the moment.

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June 21, 2020, 01:06:26 PM
 #28

I have been saying this for quite sometime now. There are too many altcoins in existence now. Out of the 10,000 or so altcoins created to date, the majority are now dead or dormant. But still, a few thousand of them claim to be active and even this number is huge. There is a saying - too many cooks spoil the broth. The condition of the altcoin market is like this. There are too many of them around, and this means that none of the coins are able to become 100% satisfactory to the users.

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June 21, 2020, 05:34:09 PM
 #29

The problem is not with eth nor it is with erc. Blockchain has nothing to do with a coin being a scam or being a bad one, probably it is just the opposite it would help it be a good one. You are basically removing almost all the problems with the project building and leaving you with just the features and simple stuff. So, yes it could be both a great thing and it could be a very bad thing.

If you give someone a way to build something awesome but also a way to scam people very easily as well and some people will pick one and others will pick the other. So at the end of the day, it is more like guns do not kill people but people kill people, well technically speaking guns do but guns do kill people while other people are using it. So I think this is the reason why ERC is not why projects are bad.
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June 21, 2020, 08:42:03 PM
 #30

That's why people in the world only know Bitcoin, and only crypto fans who understand altcoin and understand it widely. maybe altcoin requires time and further education for it, so it is widely known like bitcoin today. maybe the winner in the future is altcoin which has a function or feature that is really needed for use in the real world. I don't really expect altcoin for the long term, because Bitcoin is nearing perfect use in the real world.


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July 02, 2020, 04:04:59 PM
 #31

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.
People create or come up with new coins, but not new ideas, there is a lucid unalikeness between creating a new coin and creating a new coin with a new idea, or a new use case. People just reincarnate old use cases that haven't worked before into new coins to scam investors or just to produce coins that is useless to the network.
I think ERC 20 have good usage. Surely not all, but some like MANA, Enjin, KNC, BNB etc. have given good profits and at the same time helped in crypto adoption.
This coins can give profits in the short period, if you sell when they are pumped, but they haven't helped in crypto adoption, Ethereum imo remains the only alt to have helped promote cryptocurrency adoption.


I think with the future but if a problem occurs with the Binance platform like Mt. Gox it is cryptos controlled by exchange platforms.
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July 02, 2020, 04:12:31 PM
 #32

Well, so far, the most used platform to create a new token is the Ethereum platform with its most popular one is the ERC20. They choose this platform mostly is because this is the most popular used platform with high community, easy ways, and also affordable fee transactions. Well. for me, actually the token must be different from ETH. Some of them are really worthless, they do not have any future because they only focus on the current project development, only focus on how to gain the money and get many investors. However, some of them may have a future. But they must be a token utility, a real use case in the real world, with significant project development, clear partnership, and also gaining with the popular parties in the real world.
That's right, buddy, in the last two years most new projects only use the ERC20 platform, but most of them don't develop projects in a better direction after they successfully attract investors through the fundraising methods used by the project team, so I think this is what should be tidy up by new project teams so they can compete with old projects that have been successful in all sectors, and in this case I am very supportive of what you say.

I also agree with you it's only ERC currently no projects with real development from 0.



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July 02, 2020, 04:18:29 PM
 #33

I have been saying this for quite sometime now. There are too many altcoins in existence now. Out of the 10,000 or so altcoins created to date, the majority are now dead or dormant. But still, a few thousand of them claim to be active and even this number is huge. There is a saying - too many cooks spoil the broth. The condition of the altcoin market is like this. There are too many of them around, and this means that none of the coins are able to become 100% satisfactory to the users.

It is true there are more dormant or dead project than active project, but also other which are only for the scam therefore many coins.
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July 02, 2020, 04:21:04 PM
 #34

I did not answer everyone but your comments is well read Smiley is also for people of the communities bitcointalk Wink
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July 02, 2020, 04:31:07 PM
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 #35

That's why majority of them will only exist as ERC20 tokens and nothing more. Most of these projects don't even want to get their very own blockchain. With over 2000+ altcoins, only a  few of them have made their own blockchains. It's either an erc20 token or a fork of btc with little to no modifications. One thing is clear, more tokens will still be created and injected into the market since everybody has the ability to make their own tokens. 


That's why people in the world only know Bitcoin, and only crypto fans who understand altcoin and understand it widely. maybe altcoin requires time and further education for it, so it is widely known like bitcoin today. maybe the winner in the future is altcoin which has a function or feature that is really needed for use in the real world. I don't really expect altcoin for the long term, because Bitcoin is nearing perfect use in the real world.

Altcoins have more risks compared to Bitcoin that  is why it's the preferred option for people who like buying and hodling for a period of time.

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July 02, 2020, 04:35:50 PM
 #36

I did not answer everyone but your comments is well read Smiley is also for people of the communities bitcointalk Wink
Yes, there is no need to answer everything, as long as you already understand from what is conveyed by everyone here, and hopefully you can be helped by all the solutions that have been given by the people here.

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July 02, 2020, 04:49:15 PM
 #37

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

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July 02, 2020, 05:04:17 PM
 #38

What I think about alts is that we have to many of them already in the market, and %99 percent of them don't have any use case at all, they usually have too many supplies that won't benefit anyone or the project,  at the end the this huge supply will be the reason why the price will not be able to grow, I think dev team are just creating too many supply to their advantage only.

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July 02, 2020, 05:10:49 PM
 #39

It is a decentralized market. No one can stop a person from creating a new altcoin. But not all altcoins are bad. There are some altcoins that are unique or has something new to contribute to the crypto market. Those are the ones that people are using or will be using. But, yeah every day a lot of new coins does pop up which are nothing but garbage.
And no ERCs aren't totally useless like you think.

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DoubleEdgeEX
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July 02, 2020, 05:19:31 PM
 #40

First let me mis-quote Pokemon "You can´t have them all!"  - Seriously, at the point where a altcoin has a real life use case and some momentum going it´s imho ok to consider an investment. The use cases are crucial, since they really need to solve a problem and not be there just for the sake of being there as an object of trade.
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