Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: Too manu alts?
by
CuriousGeorge
on 31/08/2018, 23:13:25 UTC
Quote from: Gaff on August 31, 2018, 11:09:40 PM
Quote from: Indamuck on August 29, 2018, 04:21:06 PM
Quote from: aghedo1 on August 29, 2018, 04:17:09 PM
Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?

There can never be too many altcoins, only the ones with the best technology and most adoption will thrive. 

Are there too many apps? too many businesses? This is how capitalism works. Everyone tries to improve on an existing product and make money off of it.
The numbers of altcoins will continue to increase because there are so many projects that are coming but some will not last long because the team is lousy in improving the project until in such time that no more users will be using it. Only good coins will thrive and even getting to the top.
The die coin still counted by the CMC and that makes the number of the altcoin flooded. These guys are in competition to create useful product but the majority of them are not competence to do that.
so many scammers are so blindly with the money and that's why they are creating a lot of shitcoin.