Quote from: Ureung jameun on Today at 06:38:40 PM

Quote from: omonuyak on October 09, 2018, 07:32:47 PM

I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!

Even though the number of altcoins is currently increasing, there are also many altcoins that are useless and do not have good growth in the market exchange. The current growth in the number of altcoins I think is due to the intense competition in the exchange market and altcoins have the potential to earn huge profits for altcoin creators. so many people want to create altcoins without any good development and growth.

90% of them are just useless or doesnt really have actual relevance or utility or simply copy cat from those top altcoins in the market and this is why as an investor you should really get rid nor consider out on buying

some shitcoins in the market specially to those who do consider on buying some low cap or low volume and trying to make some fortune with it when it do pumps.Yes, probability is there but risk is way more higher

but there are people who do really love to gamble with this and hoping that they could make theirselves rich when it do pumps.As this market would grow then expect that number of those shitcoins
would grow too.