there will be few that will SkyRocket !
I try to stay optimistic
Topic: 95% of Cryptocurrencies will Not Survive in 2018 - page 11. (Read 5235 times)
I am thinking with all these new ICO's coming up every day lol
there will be few that will SkyRocket !
I try to stay optimistic
there will be few that will SkyRocket !
I try to stay optimistic
About 4 years ago I've mined about 80 new altcoins shortly after they were announced here.
I've gone through the wallets and the statistics of survivability are:
- Only one of them took up nicely (DASH) and is now valuable.
- About 8% of them sort of survived and gained some small value (not much though ...)
- about 40% of them are alive, but their value is dwindling. Probably they will die off sooner or later
- The rest (about 50%) are now dead.
Note that then and now is a bit different (there were no Scrypt ASICs, less miners in general, more traditional PoW coins and less premine/PoS/ICOs), so as the market is a bit saturated, I guess survivability of a coin born today would be probably worse than 4 years ago, unless the coin would now come with some killer feature or some form of mass advertising itself.
I've gone through the wallets and the statistics of survivability are:
- Only one of them took up nicely (DASH) and is now valuable.
- About 8% of them sort of survived and gained some small value (not much though ...)
- about 40% of them are alive, but their value is dwindling. Probably they will die off sooner or later
- The rest (about 50%) are now dead.
Note that then and now is a bit different (there were no Scrypt ASICs, less miners in general, more traditional PoW coins and less premine/PoS/ICOs), so as the market is a bit saturated, I guess survivability of a coin born today would be probably worse than 4 years ago, unless the coin would now come with some killer feature or some form of mass advertising itself.
I do not think so, the crypto world grows up quickly in 2017 and we can see most altcoins are solid. Also, the market performance is much better than before, so I think the time of crypto is coming.
the end of this year the newly emerging altcoin has a bad value. especially it is influenced by high BTC prices. However anything can happen in the scope of cryptocurrency. I hope the info you provide does not fully happen.
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/
I see your point but the percentage seems to high, yes there are going to be giants of the industry but there are also going to be smaller coins doing the same thing as the biggest coins, and are going to become somewhat successful. 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/
That is certainly a very interesting analysis, and in reality you do not need to have the intelligence of Vitalik to realize that in the midst of this great explosion in the current market of ICOs, there is a great redundancy in many of them, while others offer absurdly irrelevant things for which there seems to be no real need.
Therefore, perhaps in a short time we will see the emergence of true professionals in the "curatorship of ICOs" who will offer their services at high costs to "guarantee" the choice of the best ICOS, because everyone wants to take advantage of this business.
Therefore, perhaps in a short time we will see the emergence of true professionals in the "curatorship of ICOs" who will offer their services at high costs to "guarantee" the choice of the best ICOS, because everyone wants to take advantage of this business.
You know there's a historical setting on coinmarketcap to get a snapshot of token value from years past?
Providing your not investing in pure shitcoin then even if the project sells you'd be surprised at how much coins still hold their value. People buying/selling to pump and dump looking for profit.
Providing your not investing in pure shitcoin then even if the project sells you'd be surprised at how much coins still hold their value. People buying/selling to pump and dump looking for profit.
surely many are disappointed if 95% crypto can not survive in 2018 because surely many who have held it even for a long time
It is true that many project does not have real work and are useless for the market ultimately turning to be a loss for investors. But there is even new upcoming projects that may give a strong competition to Ethereum.
I heard this back in 2015 and 2016 and yea some of alts will die , but that doesn't mean that will get off the market so be carefull what you trade in 2018. Better to inform yourself about what effects has bitcoin on alts after this bull run.
95% fail yes, I assume you are counting all the airdrop coins then?
But 2018? The alts haven't really taken off yet and the market just started to get real attention.
But then again it's cryptoland, anything is possible.
if that's the case, I hope to get the remaining 5% alt-coin But 2018? The alts haven't really taken off yet and the market just started to get real attention.
But then again it's cryptoland, anything is possible.
99% of cryptocurrencies always survives, as long as they keep a community, no matter how little.
Yes, most of bad projects will not survive, and it is good news. Who is forbidding you to invest in good projects which eventually become new Apple? So in 2018 business as usual - go and investigate for yourself and find a good project worth investing.
Lots will not survive because lots clearly show their pump and dump scheme right away because devs are greedy and they just want quick profits. But solid alts actually can soar more than they did this year in 2018. Alts might have experienced a crash in their btc pair, but their Fiat value has gone to the sky this year.
These are my pick that will end up in 5% survivors. BTC / LTC / ETH / ADA / OMG / NEO / GBX / DASH.
Once you take out the scams (let's face it, there are a lot of them), the reality is that 90% of startups fail, whether they're crypto based or not makes no difference. It's been well documented for years, so to say it like it's something unique to ICOs and cryptocurrencies is a little disingenuous. Institutional and angel investors understand the risks vs. rewards. The only difference in the crypto space is that you have a lot of amateur investors that don't understand the risks, or how long it takes to get a product/project to market.
90% of ALL startups fail: https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/#4578dd4c6679
90% of ALL startups fail: https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/#4578dd4c6679
Even if we will loose 950 of 1000 altcoins in 2018, there are be couple of thousands more others to be introduced next year. Natural selection and the cryto-evolution process has jus started!
Lol that's a pure provocation! Crypto-market will grow by 2 times in 2018, I believe.
I think that you are reading the statement wrong. The coins that are out now aren't worth being in the crypto-market.
It's not so bad prediction, 95% it's not all cryptocurrency we still have 5% which make us rich. So make your bets lady and gentlemen.
I'm not sure in the percentage. I think, something near 70% will not survive in 2018, but it will be much more new altcoins, and it will be the circle from one year to another.
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