Ninjastic
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Board Altcoin Discussion
Re: Do we really need a lot of Cryptocurrencies?
by
AliMan
on 10/10/2018, 08:32:53 UTC
Quote from: mornabo on October 10, 2018, 04:28:54 AM
Quote from: sehoon on October 10, 2018, 03:02:53 AM
Quote from: jjeeppeerrxx on October 08, 2018, 04:07:12 AM
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

There is no need for the increase of number of cryptocurrencies and there is also no need for the decrease. If they want to produce new cryptocurrencies, they have to make sure that the coins they're making are not shit. Because shit coins will only confuse people and make other people's research a waste of time.
There is no any rules and conditions for making quality coins makes many people make their own cryptocurrency, there are hundreds of coins exist and dozens of coins that keep coming, we can't stop it because there is no power from us, all we can do is choose the right cryptocurrency with deep analysis so as not to be fooled
Its depend to your needs, if you want to get a lot profit then you need a lot crypto. Most of people do anything just to get lot of cryptocurrency and since there's no rules in how many crypto you should have so that many of us grab the opportunity to have a lot of it. Also having a lot crypto will give you lot of money which all of us wany it. If I have money I will buy a lot crypto and hold it until the highest peak.