1 Million Altcoins?! - page 2. | Bitcointalksearch.org

m.vina

full member

Activity: 280

Merit: 102

Quote from: Mohamme on December 28, 2017, 05:15:35 AM

Yes, it is hard to follow, and a large portion of the project are lying, so you have to pick a good ioc project investment and a bounty threads, so returns will be very good.

Correct. You will have to filter out the bad projects. Not even all of them actually pay out bounties. A good measure would be to look at 1) their project (do they have a working product? real world use?), 2) their team (are they real people? do they have experience in crypto?), and 3) their marketing (does it even look professional?).

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

well this has been going on for a very long time in different forms.
i believe it was harder to create a new coin since you had to do things kind of from scratch even if you forked an already existing project.
but now it is super easy to create a token! which is the reason for the huge increase in the number of them!

good or bad? hard to say. it is good for making money an done of the main purposes of this market is to make you more money!
but at the same time you are correct that many good projects will be overlooked because of all of these useless tokens. on the other hand if a project is really good, then it will be adopted in long term no matter what you put in its path temporarily.

asayoyaasa

copper member

Activity: 648

Merit: 159

Yeah if we look at the number it feels so much altcoin, but almost 90% of them is eth based token and i without hesitate want to say that 60-70% from that token is just fake project, so chose wisely where you want to put your investment

KTPU777

member

Activity: 154

Merit: 10

AMON - Crypto Debit Card for Everyday Purchases

Of the total number of altcoyns really worth attention is only 5-10%. All the rest is just garbage. Now they really come out very much and it is very difficult to distinguish from them really worthwhile products. I think that the situation will change soon and their number will be greatly reduced.

Mohamme

member

Activity: 224

Merit: 10

Yes, it is hard to follow, and a large portion of the project are lying, so you have to pick a good ioc project investment and a bounty threads, so returns will be very good.

Headachez

member

Activity: 65

Merit: 10

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days. Thats crazy right? Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

Topic: 1 Million Altcoins?! - page 2. (Read 197 times)