Why altcoins are rampant in the market

[jinneas]

The development of Bitcoin has brought a lot of benefits. People will see the value and there will be new altcoins constantly being issued.
The short-term rate of return of altcoins is relatively high, and people will choose to invest in altcoins for better and higher profits. However, the investment risk of altcoins is very high. Before investing, it is necessary to conduct market analysis and observe market price changes before deciding whether to invest.

[accounting 181293]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

you can, because you are free to make the decision to buy altcoins or not. but the problem now is that the altcoin market is too messy. too many altcoins have been released with no definite purpose. no real use. and all that only makes altcoins seen as shitcoins. that's why many think it's more profitable to focus on bitcoin than try their luck by buying one of the altcoins.

[Distinctin]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.

I invest not only in Bitcoin but also with several altcoins. The reason is that we can't just put a hundred eggs in one basket and that we need to spread for security assurance (or at least). We don't just close our door and focus on a single investment, as once you are spreading to more coins, that will also give you a chance to gain more, that is my market perspective.

In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

We can't clean this mess so easy nor we have a chance as the scammer will create hundreds or thousands of fake projects just to scam innocent individuals. It needs market regulation but to ask who will be taking charge of this? The government?

[distr@yopmail.com]

Indeed for now many altcoins are present, and those of us who have small capital can invest in those altcoins and this is certainly very much the difference with bitcoins whose prices are already very high so we need a large capital to invest in them, but in investing in altcoins we also have to see the potential of such coins because for now many altcoin scamers and only last a moment.

but the potential altcoins that are in the top market are very helpful for good market adoption. especially for a new altcoin market asset which of course creates good hype for the crypto market.
all need each other in the crypto market. old bitcoins and altcoins also need new assets to make market movements interesting. most of the top market asset holders are holders waiting for bull momentum to come. while new altcoins are very attractive for short trades.

[RokokGudangGaram]

Indeed for now many altcoins are present, and those of us who have small capital can invest in those altcoins and this is certainly very much the difference with bitcoins whose prices are already very high so we need a large capital to invest in them, but in investing in altcoins we also have to see the potential of such coins because for now many altcoin scamers and only last a moment.

but the potential altcoins that are in the top market are very helpful for good market adoption. especially for a new altcoin market asset which of course creates good hype for the crypto market.
all need each other in the crypto market. old bitcoins and altcoins also need new assets to make market movements interesting. most of the top market asset holders are holders waiting for bull momentum to come. while new altcoins are very attractive for short trades.

Well said. I think that all of these coins that are now currently existing, and those that will exist in the coming days, will help and balance the movements in the market. And I could not agree more that although many coins are attractive for short trades especially with such hypes accompanying its growth, caution must be observed.

[passwordnow]

Some are shit coins

Most of them are.

some are useful coins.

I agree that some of them are useful because they are making their coins to be useful with such platforms that they create. In that case, they create the coin useful through incentivizing it and making it as the sole token to be used for their made platform dedicated for it.

Basically Altcoins are born to solve problems on Bitcoin or on popular Altcoins that have existed before. But there are also those born for personal gain and defrauding investors.

But they'll never be able to beat bitcoin.

[conected]

Altcoins are rampant and more and more new Altcoins are born every day, Some are shit coins and some are useful coins.
Basically Altcoins are born to solve problems on Bitcoin or on popular Altcoins that have existed before. But there are also those born for personal gain and defrauding investors.

- The regulation of the market is relatively lax while investor demand for projects is great, they love to feel the projects in their hands rise to the moon and that also becomes an opportunity for many altcoin scams to jump in. But that's just a small part, some of the rest is just no promise of the future, we shouldn't lump them with scams. Produce more altcoins, the benefits are also on the side of investors when the smell of danger will stimulate the instincts of old altcoins, we will have two opportunities from new and old projects

[kram31]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

I think the altcoins that are rampant now in the market are SLP, AXS, and DPET, because I saw that 3 ago only their price value in binance
exchange platform was extremely impressive. I witnessed how they moved fast they are very volatile actually. Aside from these two, these are only example of the altcoins that are rampant. And probably, they are rampant because they are a huge community supporting the crytpocurrency business here in this industry.

[Argoo]

Bitcoin was created only as a peer-to-peer payment system as an alternative to the existing fiat money payment system. But in recent years, new opportunities for cryptocurrency began to appear en masse, and therefore altcoins with various specific functions appeared and the cryptocurrency began to develop further. Therefore, now we have about 10,800 different types of altcoins. Of course, many of them are useless, duplicate or simply fraudulent, but the process of their development generally continues. Bitcoin alone would not have been able to cope with such a variety of functions, so altcoins will continue to grow and develop quantitatively and qualitatively.

[Woodie]

When people saw the value of Bitcoin, they also created various altcoins.

That is one truth known to us, people that are not so invested with bitcoin think this was the easiest way to make money off bitcoins success by providing cheaper alternatives to btc with altcoins...but truth be said we have a long way to altcoins too struggle to make the numbers let's not be deceived
 

[masterrex]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Why altcoins are rampant in the market? It's too obvious because Altcoins is the dominant number in the crypto Industry they are tons of altcoins in the market nowadays. Let me remind you that any other coins/tokens aside from Bitcoin are called Altcoins that's why it was very rampant because they are too many. Anyway, the truth is we cannot restrict any developer to create another altcoin because the market is open that's why altcoins are flourishing so much. On another aspect, I believe it is not messy because it only shows that the crypto industry is continued to develop further.

[Darktongue]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Altcoins in the market rampant because right now it's too easy to make crypto, but I'm worried because this rampant will kill crypto slowly, and the thing that can be done is to do a strict selection of crypto that will be accepted by the market.

I'm not worried about this rampant of altcoins. Ethereum 2.0 was launched. What was the purpose? Ethereum demand is much higher but Ethereum is slow, the same time BSC, Tron show us the future. New technology, TPS, and features we need even though we don't care if old altcoins died in this bullrun. Another point of view is "Choice". We all don't like to use the same blockchain because we have different views.

[joaoenmanuel]

Altcoins are here to stay because they give the opportunity to all those investors who do not have so much economic capacity. Altcoins allow that with a small amount of money you can access the world of crypto and grow from that first investment. I started with a very promising currency like DIVI, because really their project and their community are very accessible and they really make crypto very easy for everyone.

[indah rezqi]

Depends. If I personally want to allocate it, then I will choose Altcoins that I think are good, such as Ethereum and BNB. Only for these two Altcoins (Ethereum and BNB) I dare to do even though no one can predict market conditions with certainty.

[cliber]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

allocating assets to cryptocurrencies is very important using the perfect pattern or translating alcoins with the right predictions, the extent to which we are able to know the alcoins themselves, lest we buy alcoins that are unstable in the market
Concretely, we must know and be able to analyze all the alcoins we want to allocate, lest we be fooled by cheap prices but we cannot use them in the specified time period, finally our assets survive and we cannot use them on other coins whose prices are rising and stable in the market. market

[sherenikaw]

Some altcoins have a relatively stable value even though the price of BTC is falling. That is why it is called an alternative coin from BTC. The ups and downs of the crypto market made many people panic and the market became even more chaotic with many people selling low priced crypto. Therefore investing in crypto can be profitable and also risky if we can't manage it properly. It is important for us to be able to choose good coins and also manage them well in order to avoid big losses.

[jostorres]

What should be done with altcoins?

You don't need to panic and overdo it, you just observe the market carefully, towards new altcoins, need knowledge, research and information about current crypto, considering the number of altcoins that have sprung up.

You do what you believe in, don't be influenced by what other people say about something new (Altcoins), it's times like this that one must analyze carefully which ones are good and bad, Thus you will have a principle for yourself in judging.

There is a limit to that as well, you can't just suddenly realize there is a coin, you need to see it exist from somewhere, it could be some other people it could be twitter it could be news it could be anything basically but you should be able to know that it exists and that is what makes it good.

I personally believe that we are in a situation where if you do not check anything at all then how could you learn about a new coin? That is why you should "listen" to what others are saying but not in the sense that you should do what they are telling you to do, you should only listen to these people about which coins exist and learn about them, then you could take that information and then do your own research on top of that, that is how you could make a profit and get richer.

Understandably it is not going to be easy to not get tricked into believing a coin is awesome, but if you just learn it exists from others and then study yourself you could get something good.

[fullhdpixel]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Simply because there is money to be made from creating tokens. I have been part of many projects and I can tell you that it is a risky business, the money is there in "revenue" because it is almost guaranteed that you will make money from creating a new token if you have the capital for it, if you can spend 50k dollars on creating a new token (which you do not need to, it could be as cheap as few thousand dollars) then that means you could make it back if you are a bit of lucky and if you are reaaaallly lucky you could make millions of dollars from it.

That is why I really doubt that people will stop making new altcoins, it is going to be constantly more and more and that is why I think there are thousands of them in total. It is not something we could just simply ignore that easily, we just have to accept that people will try to find the quickest methods to make money and abuse it.

[flagpara]

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?

Go the year of Ethereum launched, but now Ethereum blockchain can't handle all of our expectations of its limitations. We should be ready to accept new technology for our future. I like this current situation because so many altcoins are making hard competitors in the crypto world.

[2tang]

These altcoins have their own unique use cases and people are now gearing into projects that has an actual development instead of meme coins

What unique use cases are there for the Altcoin? try to explain in full so that people can know any actual developments because now knowing the developments on each Altcoin is also a bit difficult.