95% of Cryptocurrencies will Not Survive in 2018

awazieik

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Quote from: Vladdirescu87 on December 01, 2017, 01:25:44 PM

The Blockchain ecosystem suffers explosive growth. According to data from Coinmarketcap just for 11 months in 2017 cryptocurrencies market capitalization grew by 1200%. Investors and hedge funds are fixing unbelievable profits, which they can get from crypto assets, and trying to divert their assets into this niche. Investors are waiting for startups, which will repeat the success of projects like Ethereum (+272397% since ICO) or IOTA (+922448% since ICO).

However, the majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. As these 5% will be the new center of influence, their token demand will create tremendous growth in their valuation brining hundreds of thousands percent of returns on investments made on early stages.

Read the full article: https://coinidol.com/cryptocurrencies-that-will-not-survive-in-2018/

Yes this is true that there are so many bad ideas but that is what risk is about. As sad as this is, it will be help people educate themselves about their investment and this can only happen if they ever learn.

Chosenpai

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These many garbage coins in the market right now is good for traders and investors. Because they can make profit out of it. They can sell and dump the coins when the price is pumped.

btcprospecter

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★777Coin.com★ Fun BTC Casino!

Like op said many look good on paper but practical application of them are not great. We have a situation now where any aptly named shitcoin makes any progress in the markets people flock to buy it in the hope they have got in at the right point and just dump as soon as they have made a profit.

papuayenigine

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CLOUT media.decentralised

I hope that we will see more less trash coins in the future. Unfortunately there are a lot of useless currencies and I think many of them will not survive in 2018.

armakarisma

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I think the assumption is not entirely true, just look at altcoin growing a lot earlier this year, and many predict will continue to grow and develop according to their roadmap, ripple is one of them. and the value of ethereum continues to increase.

cL0uD

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I don't think this is the scenario, 2018 is promising to be a year of alts.

cryptoux

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I dont think so a lot of new innovation is coming in to ICOs,a lot of advance technology will be given to the cryptocurrencies this year.

yummy23

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Quote from: Anton_notnA on December 01, 2017, 01:29:37 PM

You better be a fortune teller,lol Cheesy

Yeah ;)He should be telling that it will not Survived in the Digital Era

BaeNaNa

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Cryptics

I don't think so, there's a lot of shitcoin from 2015 or 2016 that still alive until today so it's not easy for alts to die except the dev pull out an exit scam. The number of emerging ico will be lower than 2017 but they will survive even if they don't deliver the promises as long as there are believer for the project itself, only the value will go down.

sebastianpenguen

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Merit: 250

Quote from: grchina on January 05, 2018, 11:59:06 AM

Probably a litle less since now most of those coins are erc 20 tokens(eth clones)and for them to stay up doesnt really need large number of devs,most of the time its crew of 1-3 devs doing the cloning and making new coins every 3-4 months with some % of premine that they sell off and go to next clone project

I disagree with survival fact. There are always buyers and sellers for a specific product in a marketplace. It's not like dying forever if you mean on the topic. Some will perfom greatly, some will perform poorly. That will be the explanation.

grchina

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Probably a litle less since now most of those coins are erc 20 tokens(eth clones)and for them to stay up doesnt really need large number of devs,most of the time its crew of 1-3 devs doing the cloning and making new coins every 3-4 months with some % of premine that they sell off and go to next clone project

potraviny

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I think some alt coins will not survive as they have very little / no use to society and once the ICO money dries up they won't be able to support the coin. I do disagree that 95% of them will go.

From that statement you are suggesting that if there are 100 only 5 will survive which is not the case. Some will die and they will be replaced by better alt coins.

Fitrilalala

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Activity: 248

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We can't hold the growth of icos. Since you already know that alot of kickstater icos create for collect fund hit and run. But its not all of them. Some icos has partnership with a big company that will support and using their products and services. So dont worry if the 95% rate of fail its for new icos that create for scam. Not for the real and success ico. Crypto will still success except the world not using technology anymore.

spooneds1

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I agree in your opinion but 95% is a bit high for a failure. Most ICO that gives you opportunity to earn but in the end it is a scam project,their are also scam airdrops that given to us. Better be careful investing.

marcbitcoins

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Quote from: Vladdirescu87 on December 01, 2017, 01:25:44 PM

The Blockchain ecosystem suffers explosive growth. According to data from Coinmarketcap just for 11 months in 2017 cryptocurrencies market capitalization grew by 1200%. Investors and hedge funds are fixing unbelievable profits, which they can get from crypto assets, and trying to divert their assets into this niche. Investors are waiting for startups, which will repeat the success of projects like Ethereum (+272397% since ICO) or IOTA (+922448% since ICO).

However, the majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. As these 5% will be the new center of influence, their token demand will create tremendous growth in their valuation brining hundreds of thousands percent of returns on investments made on early stages.

Read the full article: https://coinidol.com/cryptocurrencies-that-will-not-survive-in-2018/

You're 95% is very impossible and very big speculation in which it is very impossible to happen. Although i believed that many altcoins that existing now should be consider craps because of very cheap value and slow moving in the market still i believed that they are only few compared to many altcoins now that is fast moving so i say 95% is wrong but maybe only 10% will not survive.

Chosenpai

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Quote from: ozm0823 on January 04, 2018, 06:08:10 PM

There are many coins out there which is junk but 95% is little bit too high!

Yeah, many junk coins right now in the market but I think that percentage is very high. In my opinion its more like 70% will be able to survive and the 30% of the coins will be junked.

ozm0823

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Borderless for People, Frictionless for Banks

There are many coins out there which is junk but 95% is little bit too high!

Qrivium

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Yep a lot wil crash and burn, but till then many will hit ATH Cool

IPCHAINDATABASE

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It's true that many won't survive, but those actually seek to tackle a real world problem and do it out of passion and dedication will rise above the crowd.

Cryptogiji

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I do think that there will be a drop off of the alt coins but not 95%.

Let's just sit back and see what happens.

Topic: 95% of Cryptocurrencies will Not Survive in 2018 (Read 5173 times)