Post
Topic
Board Altcoin Discussion
Re: Too many Altcoins without value?
by
bigdude
on 06/03/2018, 02:41:25 UTC
Maybe it's just my perception, but in these times when new coins appear every day, it seems to me that most of them lack value.

I have seen that many currencies are created based on an idea, that they intend to be used for something, even though at present they are useless, they are based on the hope of being used. I hallucinate seeing how some collect millions in the ICOs only promising that they will be adopted en masse, only selling an idea that has not yet been started or developed.

I wonder what chance of success has a currency that is defined as "the new currency that will replace Bitcoin" or any other great concept if only based on a theoretical idea.

Do you have to create the currency first and then wait for a community to be created that uses it?
Would not it be better to have a community first than willing to give the currency a real use before creating it?

I believe that for the creation of a new currency to make sense, it has to respond to a real need for the exchange of goods and services, if we only buy a coin with the hope of selling it more expensive, if there is not a community that supports it, We will be betting on a pyramid system, and we all know how those systems end.

That is just my opinion. I do not know what others will think.
Total agreed with you. Many of them just only offer paper ideas to the world without the real things or real adoption. All of that should be perfect ideas but the real never work simple like their little group ideas.
That's why some of Gov and many person worry about it and make a WARN to all investors. but funny that make market shake. But we will need all of that action to bring ICO similar trust place like IPO