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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?

 

[Razor1911]

We really need to be very careful of those scam coins , because they are increasing everyday and inorder for us not to get scammed we should always invest on the ones by legit exchange platforms

Yes we need to be very careful with the scam coins. There are already more than 2000 alt coins available that is listed in coinmarketcap. Most of these will never give you any return, better avoid and invest in trusted cryptos.

 

[Acrosin]

New coins will mean there will be regulations for all and there will be alternative for someone to buy or sell every time. Coins can never be too plenty as blockchain is making regulations.

 

[Wisdom01]

Yes we need to be very careful with the scam coins. There are already more than 2000 alt coins available that is listed in coinmarketcap. Most of these will never give you any return, better avoid and invest in trusted cryptos.

Many of those coins don't even have volume or they are dormant ,and many keeps pumping and creating tokens again , Makin the coin market creation congested

 

[crypworld]

There are so many new coins and as such it is difficult to decide whether it is a good one to invest or it is a scam.

Some new crypto coins just get popular as they are released and very soon they lose their potential.

 

[Corzhens]

Any kind of commodity is dictated by the law of supply and demand. I was surprised to read in another thread that there are more than 10,000 types of crypto currency. That big number may choke the market. If there is no limit to the creation of crypto currency then there will come a day that they might be worthless.

 

[SCAMEXPOSER]

There are so many new coins and as such it is difficult to decide whether it is a good one to invest or it is a scam.

Some new crypto coins just get popular as they are released and very soon they lose their potential.

It is more reason why some people refers to cryptocurrencies as gambling. Personally what I use as a guide to pick good coins from the numerous ones is checking out the exchange platforms that has listed them they are big and reputable ones or not.

 

[Emmanuel24]

I also notice that there are a lot of coins in crypto. Many are still created everyday, but it's still good as long as it makes the lives of investors positive. It can be possible someday that one coin would meet bitcoin in standard and everything.

 

[ElPaule]

It is more reason why some people refers to cryptocurrencies as gambling. Personally what I use as a guide to pick good coins from the numerous ones is checking out the exchange platforms that has listed them they are big and reputable ones or not.

Also an important check point during your due diligence should who is behind this coin. Does the founding team has a reputation in crypto? How much they pre-mined and keep it in their hand? Is there the need of burning coins to push the value?

 

[SCAMEXPOSER]

Also an important check point during your due diligence should who is behind this coin. Does the founding team has a reputation in crypto? How much they pre-mined and keep it in their hand? Is there the need of burning coins to push the value?

These are also wonderful tips If one is able to follow them there is high possibility of success. Burning of coins is also very important. I am currently studying the time most coins burn to reduce circulation.

 

[SCAMEXPOSER]

Also an important check point during your due diligence should who is behind this coin. Does the founding team has a reputation in crypto? How much they pre-mined and keep it in their hand? Is there the need of burning coins to push the value?

These are also wonderful tips If one is able to follow them there is high possibility of success. Burning of coins is also very important. I am currently studying the time most coins burn to reduce circulation.

 

[gammarays]

The issue is bringing a bad name to crypto. I'll support a motion to regulate crypto currency or it's value will reduce. Many people just print tokens and joke with people's funds.

 

[SCAMEXPOSER]

The issue is bringing a bad name to crypto. I'll support a motion to regulate crypto currency or it's value will reduce. Many people just print tokens and joke with people's funds.

Honestly, the continuous inflow of new coins calls for concern, we all noticed how lots of shitcoins were launched before the crackdown.

 

[Humbu]

Indeed there's a lot of them nowadays, but it seems none of them were able to challenge the great Bitcoin or even etherium. It does look like people are just trying to get a quick buck

 

[AudraMiller]

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?

I think that there is way too many coins and this makes it very hard for new users to decide what to invest in because the number of dead coins is also quite vast as well.

 

[ElPaule]

These are also wonderful tips If one is able to follow them there is high possibility of success. Burning of coins is also very important. I am currently studying the time most coins burn to reduce circulation.

Cool pls share your insights. I still think if a coin is designed to have a burn this is just a publisher triggered value pump. I am not sure if a product should have this by design

 

[SCAMEXPOSER]

Cool pls share your insights. I still think if a coin is designed to have a burn this is just a publisher triggered value pump. I am not sure if a product should have this by design

You will discover that most these coins usually have high circulation supply from the beginning so if the coin is having serious case value there is possiblilty for burn to reduce the circulation and increase the value.

 

[CyberPreNurse]

There are too many coins right now in the market and this shows that most of them are even scam coins that are not even having any potential at all. I wish they can be reduced.

 

[Yugocean]

Although there are hundreds of thousands cryptocurrencies, it is a non-stop process, new coins/tokens are coming daily, but only those survive, which have developers. I am not against them.

 

[amgad100100]

Yes sure , there are too much coins of Cryptos in the market and that makes the prices of the coins invaluable prices , also with many Cryptos coming out every day is killing the value .

 

[SCAMEXPOSER]

Although there are hundreds of thousands cryptocurrencies, it is a non-stop process, new coins/tokens are coming daily, but only those survive, which have developers. I am not against them.

I don't like the idea of the continuous inflow of cryptocurrencies though the system permits it but it doesn't make the market more valuable.