product6803
12 months ago  Karma: 247
too many altcoins

i wish we could get rid of majority of altcoins. useless, low quality coins and tokens are drawing in investors, but away from bitcoin which keeps the price of bitcoin down.
too much unworthy competition. so if bitcoin is not drawing in investors then the price goes down which also brings the price down on all altcoins as well. so as long as we keep hodling these crap coins bitcoin will suffer which makes the entire crypto market suffer. if we could go back to just a handful of coins, lets say around 80-100 different coins then we would see a turn around but everyday we have new icos and garbage being put out taking away from the main coins. Bitcoin, ether, bitcoin cash, litecoin and a few others that really bring worth to the market.
----- what are your thoughts----

en
altcoins
#bitcoin
Ether
neo
product6803
12 months ago  Karma: 247
too many altcoins

i wish we could get rid of majority of altcoins. useless, low quality coins and tokens are drawing in investors, but away from bitcoin which keeps the price of bitcoin down.
too much unworthy competition. so if bitcoin is not drawing in investors then the price goes down which also brings the price down on all altcoins as well. so as long as we keep hodling these crap coins bitcoin will suffer which makes the entire crypto market suffer. if we could go back to just a handful of coins, lets say around 80-100 different coins then we would see a turn around but everyday we have new icos and garbage being put out taking away from the main coins. Bitcoin, ether, bitcoin cash, litecoin and a few others that really bring worth to the market.
----- what are your thoughts----

en
altcoins
#bitcoin
Ether
neo

5 ANSWERS
2niceapps
12 months ago Karma: 5507

The number of coins will trend toward infinity. People will buy coins for utility for speculation and for fun. I also feel like many of these coins dont have as much of a purpose as some other coins but dogecoin and cryptokitties are gonna be dogecoin and cryptokitties. The actual scam coins are what bother me but They will always exist no matter how much posturing the SEC does. Most ico scams don't originate in the USA. People just have to go in to crypto knowing the space is the best of coins and the worst of coins.

The number of coins will trend toward infinity. People will buy coins for utility for speculation and for fun. I also feel like many of these coins dont have as much of a purpose as some other coins but dogecoin and cryptokitties are gonna be dogecoin and cryptokitties. The actual scam coins are what bother me but They will always exist no matter how much posturing the SEC does. Most ico scams don't originate in the USA. People just have to go in to crypto knowing the space is the best of coins and the worst of coins.

trentsawicki

The scam coins and shit coins remind me of the internet boom a lot. Even some of the worst projects still add some amount of value to the ecosystem and after they all get shaken out, any tech they might have developed or any other value will be more cheaply available to the rest of the market. In general I'm really not too worried with the exception of a few projects that are clearly only successful because of marketing and blatant market manipulation.

May 23 '18 at 4:43 am
kayden.hughes
12 months ago Karma: 1622

lol... what do you mean by 'we keep hodling these crapcoins'? :)))
Btw I don't think crapcoins/scamcoins/shitcoins could influence the price of bitcoin. It is always the other way around.

lol... what do you mean by 'we keep hodling these crapcoins'? :)))
Btw I don't think crapcoins/scamcoins/shitcoins could influence the price of bitcoin. It is always the other way around.

kaijchang2
12 months ago Karma: 19864

I think we should just let the market decide which is best. People who fall for scams will hopefully learn their lessons.

I think we should just let the market decide which is best. People who fall for scams will hopefully learn their lessons.

chloearguin
12 months ago Karma: 110

It is funny that you mentioned that because this whole past week, the top gainers are alt coins I have never heard of. Not even one of the top 100 alt coins did not make it into the top gainers list for the past two weeks or so.

It is funny that you mentioned that because this whole past week, the top gainers are alt coins I have never heard of. Not even one of the top 100 alt coins did not make it into the top gainers list for the past two weeks or so.

clam0
12 months ago Karma: 3873

Agree 100%

Agree 100%

aldo728

100% , all this pump and dump coins are hurting the ecosystem.

May 23 '18 at 4:31 pm
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