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Author Topic: Did You know There Are More Than 4,500 Cryptocurrencies Already?  (Read 228 times)

secco

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  • Bitcoin Garden: Did You know There Are More Than 4,500 Cryptocurrencies Already?
    https://bitcoingarden.org/did-you-know-there-are-more-than-4500-cryptocurrencies-already/

    Just a little over 9 years ago, the first Bitcoin was mined. The world was busy with one of the most gruesome economic meltdowns in history, so it took us years to discover the invention that turned into the frenzy of the century. Now, almost 10 years after Satoshi Nakamoto published his white paper, the asset that just a few people in a closely-knit mailing list knew about, spawned an explosion of digital assets that no one would have been able to foresee. With ICOs adding more crypto assets to the market on a daily basis, it is hard to keep an updated count of how many are out there. There are more than 4,500 coins and tokens in circulation, challenging what we thought we knew about cryptocurrency markets.

    Anyone would think that the 1,500 or so coins listed on coinmarketcap.com make up the market, but this is not accurate. Many more coins are hiding somewhere in a dark corner of the web, waiting to be dusted, and that is just the tip of the iceberg. The dearth of information about cryptocurrencies is greater than we thought. In fact, for every well-known cryptocurrency, there might be hundreds of unknown ones, which forces us to think about other information that we might be missing....

    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

    lippiestick

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    Re: Did You know There Are More Than 4,500 Cryptocurrencies Already?
    « Reply #1 on: April 04, 2018, 05:26:46 PM »
    Is it because governments have no control over crypto, which is why practically anyone can create a cryptocurrency of their own? Do cryptocurrency founders answer to any authority at all?

    Just wondering because there are so many out there and it's hard to say which one's a scam and which one's legit. And the really good ones are so expensive to invest on right now.

    Do you guys have any suggestions for a low budget newbie who wants to start investing on crypto?

    secco

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  • Re: Did You know There Are More Than 4,500 Cryptocurrencies Already?
    « Reply #2 on: April 04, 2018, 06:51:39 PM »
    Do you guys have any suggestions for a low budget newbie who wants to start investing on crypto?

    Yes. Study a lot before trying to invest, or you'll end up losing your money... it's never a good idea to invest in things you can't completely understand...
    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

    MikelZero

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    Re: Did You know There Are More Than 4,500 Cryptocurrencies Already?
    « Reply #3 on: April 15, 2018, 07:02:07 PM »
    It is so sad that some of them have no value and scam coins.

     

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