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RE: 788 Different Cryptocurriencies. What Does This Mean For Us All?

in #crypto-news7 years ago

Bitcoin made early investors millionaires and completely changed the potential of a global currency. However, there is no way that these altcoins will reach simoar levels. At some point the crypto market will peak, and ICOs will face regulation. It's just simply not feasible to have so many coins that gain value. We have perfect use case for several coins right now. Accenture and IBM are just two companies that have rolled out blockchain technology without a coin.

The pump and dump teams and schemes that people are successfully crushing some money on will only hurt the community and causes regulators to step in and make uneducated decisions about the space.

In the next five years I think ten coins will run the table of market cap. Altcoins will still be around but the "gold rush" era of crypto will be gone.
If your not invested in crypto now is the time to get involved!

I like BTC, ETH, LTC, and dash for now.

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Good points. I agree with you. Thank you for sharing your comment. I sincerely appreciate.

Yup, I agree.
It is out of hand and something will cause more regulation and consolidation.