Quote from: mr_random on August 18, 2019, 07:11:21 PM

Quote from: ludyas15 on August 18, 2019, 09:02:52 AM

Quote from: EXtremeAEX on August 17, 2019, 10:48:09 PM

Quote from: raden1922 on July 15, 2019, 05:51:56 PM

The more new coins that are present in the crypto market, will certainly enliven the crypto world. My question is how do you look at the future of the altcoin, with fairly tight competition. Will it affect the price of old altcoins, such as Ethereum, XRP and others.

It depends on how high quality products appear on the market. The presence of promising and high-quality projects will either push existing projects to improve their product, or overshadow old and uncompetitive projects.

I am sure that there are enough projects on the market that are much more perfect Ethereum. And when investors are ready to pay for a quality product, then such projects will show tremendous growth.

It is debatable theme and the points you made here actually lose the meaning day by day. The sense of investing to altcoin futures is to make more Bitcoin for the rest of the market movement. Otherwise having a huge variety of altcoin portfolio doesn't look like the wallet of the rich guy. Altcoin markets are complex and the top coins don't have the same volatility as in the altcoins.

Undoubtedly altcoins are a great tool for making money. But like any other tool, they must be used correctly. You correctly said that the presence in the portfolio of a large number of different altcoins doesn't at all look like a rich guys wallet. Therefore, we need to strive to just make money on altcoins, but accumulate only top coins.