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[microunit]

With the rise of cryptocurrencies comes with the rise also of the number of cryptocurrencies that are entering the market as anyone can make their own coin and people wants their coin to be the next bitcoin or the next dogecoin so they could also reap profits from the coin from the rising of its price. Do you think there is too much Coins right now in the market?

 

[Josemendez]

Yeah. There are tons of cryptocurrency coins out there and new more are coming up everyday. I would love to see regulations of new coins

 

[Razor1911]

Yeah. There are tons of cryptocurrency coins out there and new more are coming up everyday. I would love to see regulations of new coins

Just recently a new coin has been launched as the name coin98. It has gained more than 2500 percent after listing. if the market reacts to new coins like this, then surely the old ones will lose potential and attraction.

 

[anil02]

With the rise of cryptocurrencies comes with the rise also of the number of cryptocurrencies that are entering the market as anyone can make their own coin and people wants their coin to be the next bitcoin or the next dogecoin so they could also reap profits from the coin from the rising of its price. Do you think there is too much Coins right now in the market?

People are earing and getting crypto it means market have enough crypto. In coming time it will much more available in market because most of countries have plan to launch virtual currency

 

[ElPaule]

With the rise of cryptocurrencies comes with the rise also of the number of cryptocurrencies that are entering the market as anyone can make their own coin and people wants their coin to be the next bitcoin or the next dogecoin so they could also reap profits from the coin from the rising of its price. Do you think there is too much Coins right now in the market?

It is my opinion, maybe not correct for sure not to popular; yes there are to many coins and the inflation of coins will continue. As long as you can earn a dime from creating a coin, coin will be created, hyped and abandoned.
Every coin creator thinks he found the new best coolest idea to a crypto by copy cat others and add some flavor of features.

 

[microunit]

Majority of the new coins are mostly just pump and dump coins, People just flock in to them early as they know it will rise and after the rise they'll just sell it all

 

[Wisdom01]

There are really too much coin in the market and I don't like it that way , because these might start creating platform for the existence of scam coin and such need to be looked on

 

[ElPaule]

Majority of the new coins are mostly just pump and dump coins, People just flock in to them early as they know it will rise and after the rise they'll just sell it all

but doesnt this mean by the end, that this flood of pump&dump coins, of coins that just designed to scam people damage the overall crypto reputation? And with this forces nations to strictly regulate... but when nations regulate they look first to the big fishes like BTC and ETH, even though they are not bad coins

 

[microunit]

Well people want easy money and big money from these coins, so they keep on creating new scam coins as a result, i guess the low barrier of creation of coins is somewhat makes this scenarios

 

[Razor1911]

but doesnt this mean by the end, that this flood of pump&dump coins, of coins that just designed to scam people damage the overall crypto reputation? And with this forces nations to strictly regulate... but when nations regulate they look first to the big fishes like BTC and ETH, even though they are not bad coins

It is not about scamming people. Developers launch such coins for long term perspective, but its the investors would decide which coins to push and which coins to drag down.

 

[microunit]

It is not about scamming people. Developers launch such coins for long term perspective, but its the investors would decide which coins to push and which coins to drag down.

Yeah , though I've also seen most of these developers abandoned their coins halfway just because they aren't getting much attention even though they have a few people who liked their coins

 

[Paymon]

Well I don't think banning of new coins is the solution. Even though many new coins come for pump and dump purposes, there are still legitimate new comers which bring innovation and creativity. It's the investor's responsibility to assess the project before investing.

 

[Wisdom01]

but doesnt this mean by the end, that this flood of pump&dump coins, of coins that just designed to scam people damage the overall crypto reputation? And with this forces nations to strictly regulate... but when nations regulate they look first to the big fishes like BTC and ETH, even though they are not bad coins

Although one country actually make a move of making only Bitcoin, ethereum and some other popular coin , the only tradable coin , the flood of pump and dump coins would only make countries select the coin to trade and Bitcoin or ethereum would not be that affected

 

[Borax]

Well to me personally I do not think that they can be a lot of cryptocurrency per say because the block chain that is guiding the cryptocurrency field is so vast that it can't be filled.

 

[Borax]

Well to me personally I do not think that they can be a lot of cryptocurrency per say because the block chain that is guiding the cryptocurrency field is so vast that it can't be filled.

 

[Niftyicon]

I think listing coins should be made more difficult than it is now, maybe it could help check these creators of new (without solid use cases) coins.

 

[BullyMaguire]

Well there's tons of useless and abandoned Cryptocurrency but is it too much? I guess it's okay i mean traders are using them as long as they're getting listed

 

[microunit]

Yes I strongly believe in it that there are many crypto currency in the market. I can't really say what it means to the market but I don't think it should be that way. Mining are being possible because of the many crypto currency in the market.

Hmmm? Mining is dependent on the coin, even if the only coin in the market is bitcoin then it is still possible to mine bitcoin , and mining is only possible also depending on the consensus of the coin

 

[Razor1911]

Hmmm? Mining is dependent on the coin, even if the only coin in the market is bitcoin then it is still possible to mine bitcoin , and mining is only possible also depending on the consensus of the coin

The mining country depends upon the coin. Example is bitcoin which gives more incentive to its miners, various other coins like Bitcoin cash for flight go and have very no incentive for the miners.

 

[microunit]

The mining country depends upon the coin. Example is bitcoin which gives more incentive to its miners, various other coins like Bitcoin cash for flight go and have very no incentive for the miners.

Was talking about specifically about the miner itself individually not the country, what incentives are you pointing to with bitcoin miners which other coin miners have no incentives?