Topic: 99% of all projects is worthless and not worth a cent. What do you think? (Read 1455 times)
September 28, 2019, 10:11:47 AM
There a lot of projects coming day in and day out, some are really legit projects but lack funds to operate or make their mission possible whiles the rest are considered scam projects but the fact that most projects are evidently considered as scam projects does not mean 99% of them all are worthless, some needs funds and some are also still in the process of developing their mission to make it a reality.
September 25, 2019, 06:56:20 AM
Unfortunately, it is the bitter truth. Even coins from top 50 on coinmarketcap cannot provide a real, working solution that would affect centralised industry. The more competitive products blockchain would deliver, the higher are the chances for a better situation and higher market cap.
September 21, 2019, 05:58:59 PM
We have meaningless and useless projects in this space and that keep coming to the market, the 99% statistical figure you just gave can't be true, we have some really good projects, they are few though. .
The statistics is true or rather close to it. What is 99% or rather 1% of 2,880 coins/tokens? 29 coins. I personally believe it is much closer to 93% that are meaningless and useless crypto projects. Anyway it is obvious that only one of your 10 coin picks might make it out alive.
It's hard to assume the actual percentage but it's not far from that range. Most of the projects that don't have any real product that is useful will die eventually.
September 21, 2019, 05:56:57 PM
Well you might be right but a greater number of projects do have value than what you've estimated. Lots of cryptocurrency projects exist but greater number is worth something.
September 21, 2019, 05:44:06 PM
There are in fact more than countable projects performing out there with new projects rising up each and every single day. Most of these projects are considered scam and others with low rating scale on various ico rating websites but all these does not guarantee a description of 99% worthless. Though most are worthless but to say 99% are worthless is understatement.
September 21, 2019, 05:33:11 PM
99% of all ico and existing projects is worthless and not worth a cent. what's your opinion?
All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
Well, in my opinion, the majority of these projects will get redundant but not all. I just feel there will be a significant change in the top ten coins on the coinmarketcap, with some rare gems toppling the big guns in the crypto space. One of such coins in the crypto space is IOST. Although they are offering similar services to other projects in the crypto space, they seem to look like a hidden gem in the market of today. All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
September 21, 2019, 05:21:54 PM
Not all 99% of projects are Scam, there are good projects look at those projects that have a large capitalization I do not think that people are so stupid that they invest in such large projects.
September 21, 2019, 03:49:31 PM
I think the rate at which these shitcoins are entering the market has reduced significantly as compared to 2017 and 2018. I can see many of these project truly dieing off with time because they are offering no solution to the space, but my main fear now is that the so called VC projects are going to dominate the space,
September 21, 2019, 03:35:03 PM
I agree with you on this, lots of those worthless projects are mostly created by almost same people, because the initiative of such project is to scam investors, and after scamming, they tend to move on to another project and recycle the scam initiative again, that's why there are lots of dead project in the market
September 21, 2019, 03:03:58 PM
We have meaningless and useless projects in this space and that keep coming to the market, the 99% statistical figure you just gave can't be true, we have some really good projects, they are few though. .
The statistics is true or rather close to it. What is 99% or rather 1% of 2,880 coins/tokens? 29 coins. I personally believe it is much closer to 93% that are meaningless and useless crypto projects. Anyway it is obvious that only one of your 10 coin picks might make it out alive.
September 21, 2019, 02:55:48 PM
We have meaningless and useless projects in this space and that keep coming to the market, the 99% statistical figure you just gave can't be true, we have some really good projects, they are few though. .
September 21, 2019, 02:26:21 PM
I think that one way or another, time itself will lead to this, the market itself will get rid of empty coins, they simply will not be in demand, now many exchanges remove such coins from trading, the market will clear itself over time
September 21, 2019, 01:54:41 PM
I think that there are about 200 projects in cryptocurrency, the rest are the scam, and in fact, I think it's very bad for the market.
September 21, 2019, 04:34:45 AM
99% of all ico and existing projects is worthless and not worth a cent. what's your opinion?
I thought about it a year ago. For the period that the ico projects came out of the ground and poloniax and bittrex were the largest exchanges. Then in many tokens I saw something of value that stood on exchanges.
Nowadays I have completely changed my mind and have looked at things in a different way.
To start with recent projects and icos that are ready:
After all those hundreds of new tokens that have come in at this time, I think completely different.
This has come about because everything about huge amounts of money can be seen from ico startups.
Here I am not talking about scam icos but reliable ico projects. 99% are just thieves.
Projects with high ico tokens price that no one can make a profit. except the founders. Huge amounts of money of tens of millions are sometimes collected per project.
What makes me worse is that Almost all ico projects lie enormously about the development costs of setting up a project. That all money (10 million) for example is used for the application to make and additional matters.
What nonsense. If I started a normal company that has nothing to do with crypto, you can set up a very nice kourier, painters, construction company or shop with $ 500,000.
With this IT related crypto shit projects do as if they still have too little 5 to 10 million dollars budget. while you can start a business for 1000 euros. Laptop, software and in your own living room.
70% of all app or platform projects cost the software almost nothing to a few thousand to build, 2000x less if there is collected in the ico. Say development costs of $ 5000.
What I can say even better is:
99% of all projects cost a maximum of 1 million dollars to pay everything in the first year such as software, salary team, office rent, marketing plus other costs together to develop a project.
Then dare to say that for example they do not have enough money to have a good exchange, for example.
Almost all projects build everything for a minimal amount. lf it is finished, their 9 million are in their pocket for private investments. not only the 9 million but also often 30 percent of all tokens of their project.
At this moment you have 99% of all altcoins which is junk.
You may, for example, have tokens of a certain project, but can you also do something with those tokens, so that you can get rich with those tokens? Some projects may be good, but what do these tokens add to their value? Can not you do something with a particular project if you do not own their tokens?
Ethereum tokens can increase the value, for example, because you can use it for example for ico investments.
Bitcoin has value because it is the bentley of the crypto coins.
Many projects offer nothing special that contrasts with a value.
Virtually all projects are worthless because they do not add anything.
With the cryptocrash last months, people are fortunate to see a true value of many projects. useless projects.
Fortunately, there are also a number of unique projects that do add something.
Unique projects I mean something that others do not have. Paymon.org, for example, is a unique and reliable project. With a very active devteam. This project comes with solutions that people scream for. A replacement that can replace fiat money. Payments without transaction costs, transaction speeds unlimited per second, passes to pay everywhere with crypto. Project that focuses entirely on personal payments with their own developed DAG blockchain HIVE. A project where you already have the blockchain and you can even test the blockchain for free how fast it is. Also have a working android and ios app and web platform with a messenger function built in with which you can chat. . This project is very far below the radar, that is because the team wants to deliver a product in a few months that is ready for marketing.
This project gives your coins a real value.
All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
I thought about it a year ago. For the period that the ico projects came out of the ground and poloniax and bittrex were the largest exchanges. Then in many tokens I saw something of value that stood on exchanges.
Nowadays I have completely changed my mind and have looked at things in a different way.
To start with recent projects and icos that are ready:
After all those hundreds of new tokens that have come in at this time, I think completely different.
This has come about because everything about huge amounts of money can be seen from ico startups.
Here I am not talking about scam icos but reliable ico projects. 99% are just thieves.
Projects with high ico tokens price that no one can make a profit. except the founders. Huge amounts of money of tens of millions are sometimes collected per project.
What makes me worse is that Almost all ico projects lie enormously about the development costs of setting up a project. That all money (10 million) for example is used for the application to make and additional matters.
What nonsense. If I started a normal company that has nothing to do with crypto, you can set up a very nice kourier, painters, construction company or shop with $ 500,000.
With this IT related crypto shit projects do as if they still have too little 5 to 10 million dollars budget. while you can start a business for 1000 euros. Laptop, software and in your own living room.
70% of all app or platform projects cost the software almost nothing to a few thousand to build, 2000x less if there is collected in the ico. Say development costs of $ 5000.
What I can say even better is:
99% of all projects cost a maximum of 1 million dollars to pay everything in the first year such as software, salary team, office rent, marketing plus other costs together to develop a project.
Then dare to say that for example they do not have enough money to have a good exchange, for example.
Almost all projects build everything for a minimal amount. lf it is finished, their 9 million are in their pocket for private investments. not only the 9 million but also often 30 percent of all tokens of their project.
At this moment you have 99% of all altcoins which is junk.
You may, for example, have tokens of a certain project, but can you also do something with those tokens, so that you can get rich with those tokens? Some projects may be good, but what do these tokens add to their value? Can not you do something with a particular project if you do not own their tokens?
Ethereum tokens can increase the value, for example, because you can use it for example for ico investments.
Bitcoin has value because it is the bentley of the crypto coins.
Many projects offer nothing special that contrasts with a value.
Virtually all projects are worthless because they do not add anything.
With the cryptocrash last months, people are fortunate to see a true value of many projects. useless projects.
Fortunately, there are also a number of unique projects that do add something.
Unique projects I mean something that others do not have. Paymon.org, for example, is a unique and reliable project. With a very active devteam. This project comes with solutions that people scream for. A replacement that can replace fiat money. Payments without transaction costs, transaction speeds unlimited per second, passes to pay everywhere with crypto. Project that focuses entirely on personal payments with their own developed DAG blockchain HIVE. A project where you already have the blockchain and you can even test the blockchain for free how fast it is. Also have a working android and ios app and web platform with a messenger function built in with which you can chat. . This project is very far below the radar, that is because the team wants to deliver a product in a few months that is ready for marketing.
This project gives your coins a real value.
All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
Agreed, even if we eliminate all of the scams, the amount of weak projects is still so huge that only a handful of the coins worth investing in remains. But, that's what happens when there is money in an industry, and anyone can start their own project. I'm not saying that it is a bad thing, it is likely just a phase and we have to push through it. Eventually, the scams and weak projects will stop coming, and the ones that are already here will be forgotten. A limited number of cryptos will survive, and they will be the main ones. It will take time to get to this, though. Maybe another decade, maybe even more, who knows.
September 21, 2019, 04:05:05 AM
I agree that most projects are worthless because most of them are fake and scam
That's true and honest. Most of them really didn't have any value at all but because of the hype of ICO they rode it and the investors bought it as if they have proposed the best project of all. You can see within the first few months of those projects to be good but in the long run, you can now determine if they really are working on it solely as proposed. Nevertheless, if they collected and reached the soft or hard cap, it's the success they want which is their self interest.
September 20, 2019, 10:35:40 PM
I agree that most projects are worthless because most of them are fake and scam, people realized that ICOS are not profitable anymore so they jump in to IEOS. Strict regulation must be implemented on projects that wants to raise funds to avoid scamming people.
September 20, 2019, 06:30:17 PM
There are a lot of useless projects and at the same time scam projects out there which are in a fact much more than worthless but come to think of 99% is too exaggerated. Some of these projects aint worthless but are dormant and needs funds to progress and the fact that they are dormant does not mean they are worthless, some needs time.
September 20, 2019, 05:03:09 PM
99% of all ico and existing projects is worthless and not worth a cent. what's your opinion?
I thought about it a year ago. For the period that the ico projects came out of the ground and poloniax and bittrex were the largest exchanges. Then in many tokens I saw something of value that stood on exchanges.
Nowadays I have completely changed my mind and have looked at things in a different way.
To start with recent projects and icos that are ready:
After all those hundreds of new tokens that have come in at this time, I think completely different.
This has come about because everything about huge amounts of money can be seen from ico startups.
Here I am not talking about scam icos but reliable ico projects. 99% are just thieves.
Projects with high ico tokens price that no one can make a profit. except the founders. Huge amounts of money of tens of millions are sometimes collected per project.
What makes me worse is that Almost all ico projects lie enormously about the development costs of setting up a project. That all money (10 million) for example is used for the application to make and additional matters.
What nonsense. If I started a normal company that has nothing to do with crypto, you can set up a very nice kourier, painters, construction company or shop with $ 500,000.
With this IT related crypto shit projects do as if they still have too little 5 to 10 million dollars budget. while you can start a business for 1000 euros. Laptop, software and in your own living room.
70% of all app or platform projects cost the software almost nothing to a few thousand to build, 2000x less if there is collected in the ico. Say development costs of $ 5000.
What I can say even better is:
99% of all projects cost a maximum of 1 million dollars to pay everything in the first year such as software, salary team, office rent, marketing plus other costs together to develop a project.
Then dare to say that for example they do not have enough money to have a good exchange, for example.
Almost all projects build everything for a minimal amount. lf it is finished, their 9 million are in their pocket for private investments. not only the 9 million but also often 30 percent of all tokens of their project.
At this moment you have 99% of all altcoins which is junk.
You may, for example, have tokens of a certain project, but can you also do something with those tokens, so that you can get rich with those tokens? Some projects may be good, but what do these tokens add to their value? Can not you do something with a particular project if you do not own their tokens?
Ethereum tokens can increase the value, for example, because you can use it for example for ico investments.
Bitcoin has value because it is the bentley of the crypto coins.
Many projects offer nothing special that contrasts with a value.
Virtually all projects are worthless because they do not add anything.
With the cryptocrash last months, people are fortunate to see a true value of many projects. useless projects.
Fortunately, there are also a number of unique projects that do add something.
Unique projects I mean something that others do not have. Paymon.org, for example, is a unique and reliable project. With a very active devteam. This project comes with solutions that people scream for. A replacement that can replace fiat money. Payments without transaction costs, transaction speeds unlimited per second, passes to pay everywhere with crypto. Project that focuses entirely on personal payments with their own developed DAG blockchain HIVE. A project where you already have the blockchain and you can even test the blockchain for free how fast it is. Also have a working android and ios app and web platform with a messenger function built in with which you can chat. . This project is very far below the radar, that is because the team wants to deliver a product in a few months that is ready for marketing.
This project gives your coins a real value.
All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
I agree with you, almost all of these coins were created to make money quickly, almost no one planned to develop projects. I thought about it a year ago. For the period that the ico projects came out of the ground and poloniax and bittrex were the largest exchanges. Then in many tokens I saw something of value that stood on exchanges.
Nowadays I have completely changed my mind and have looked at things in a different way.
To start with recent projects and icos that are ready:
After all those hundreds of new tokens that have come in at this time, I think completely different.
This has come about because everything about huge amounts of money can be seen from ico startups.
Here I am not talking about scam icos but reliable ico projects. 99% are just thieves.
Projects with high ico tokens price that no one can make a profit. except the founders. Huge amounts of money of tens of millions are sometimes collected per project.
What makes me worse is that Almost all ico projects lie enormously about the development costs of setting up a project. That all money (10 million) for example is used for the application to make and additional matters.
What nonsense. If I started a normal company that has nothing to do with crypto, you can set up a very nice kourier, painters, construction company or shop with $ 500,000.
With this IT related crypto shit projects do as if they still have too little 5 to 10 million dollars budget. while you can start a business for 1000 euros. Laptop, software and in your own living room.
70% of all app or platform projects cost the software almost nothing to a few thousand to build, 2000x less if there is collected in the ico. Say development costs of $ 5000.
What I can say even better is:
99% of all projects cost a maximum of 1 million dollars to pay everything in the first year such as software, salary team, office rent, marketing plus other costs together to develop a project.
Then dare to say that for example they do not have enough money to have a good exchange, for example.
Almost all projects build everything for a minimal amount. lf it is finished, their 9 million are in their pocket for private investments. not only the 9 million but also often 30 percent of all tokens of their project.
At this moment you have 99% of all altcoins which is junk.
You may, for example, have tokens of a certain project, but can you also do something with those tokens, so that you can get rich with those tokens? Some projects may be good, but what do these tokens add to their value? Can not you do something with a particular project if you do not own their tokens?
Ethereum tokens can increase the value, for example, because you can use it for example for ico investments.
Bitcoin has value because it is the bentley of the crypto coins.
Many projects offer nothing special that contrasts with a value.
Virtually all projects are worthless because they do not add anything.
With the cryptocrash last months, people are fortunate to see a true value of many projects. useless projects.
Fortunately, there are also a number of unique projects that do add something.
Unique projects I mean something that others do not have. Paymon.org, for example, is a unique and reliable project. With a very active devteam. This project comes with solutions that people scream for. A replacement that can replace fiat money. Payments without transaction costs, transaction speeds unlimited per second, passes to pay everywhere with crypto. Project that focuses entirely on personal payments with their own developed DAG blockchain HIVE. A project where you already have the blockchain and you can even test the blockchain for free how fast it is. Also have a working android and ios app and web platform with a messenger function built in with which you can chat. . This project is very far below the radar, that is because the team wants to deliver a product in a few months that is ready for marketing.
This project gives your coins a real value.
All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value
How do you think about this?
September 20, 2019, 04:19:20 PM
That’s one of the problems we have and it seems to be the greater problems ! The existence of too many projects and consistent emergence of new ones ! Yet none has been able to solve a daily human life problems in real life except for paper works.
September 20, 2019, 04:15:50 PM
There is nothing to think as it is the whole truth, anyone saying contrary have something up his sleeves. We have many coins right, but how many can we beat our hearts and say, yes this ones are different, just few of them. Another issue is, more and more are coming up thus almost changing the idea of altcoins to another thing. We need projects which can offer something unique not a retwist of what is currently existing, if this space is to move forward.
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