Post
Topic
Board Altcoin Discussion
Re: What's the point of so many cryptocurrencies?
by
Mauser
on 10/03/2021, 08:58:43 UTC
no need to bother thinking about so much crypto ,.  our goal is only to seek profit in crypto.  the more crypto the better, because there are many opportunities for us to benefit.  ranging from trading arbitrage and others. So focus on looking for profits

But the more cryptos there are the higher the risk of a coin to become completely worthless. It might be the case that a new coin gets hyped a lot but once all the support calms down, no one might be trading the coin anymore.

In my opinion we need multiple crypto currencies to have competition between each other. But eventually the best coins should prevail. If we had only a few crypto currencies it would be easier to get public support for all of them.