Topic: 99% of all projects is worthless and not worth a cent. What do you think? - page 2. (Read 1464 times)
September 20, 2019, 04:08:16 PM
Almost 90% of all project is valueless, during listing time has some value then gone cents or more below. As different and my research, any projects doesn't need as much funds to create any service. Normally looks to the Harmony and Ferrum network funds target, was very low.
September 20, 2019, 03:34:36 PM
You are right mate and the funny thing is, it is increasing on a daily basis. Many projects are just jumping into this space with absolutely nothing to offer other than the hype the create which of course is used to attract investors after which the project becomes worthless. Also, we should be careful of these IEOs springing up everyday as most are just pump and dump, of which only the team and exchanges enjoys; maybe a little percentage of investors.
September 20, 2019, 03:32:34 PM
And honestly, why would people care about the tech when they're just looking to make some quick bucks off a project which is may or may not raise in value? It's a dynamic that goes like this: invest in X or Y coin/token (invest? more like gamble your money) - wait for the price to go up (somehow the value of these shitty projects always goes up) - dump it all once it reaches a certain price - move on to the next one. It's a vicious cycle, and it doesn't look like it will stop anytime soon as the cryptocurrency market has proven to be a very profitable market.
September 20, 2019, 03:13:53 PM
You are absolutely right, and the point about the app-based project was a bitter truth. I don't know why people get trap so easily! Every year, lots of projects come and they raised money to build an app where people can store, send, receive and trade cryptocurrency. Do we really need these projects? In this year, many payment based projects arrived, I am sure after one to two years, these projects will be valueless shit!
September 20, 2019, 02:24:01 PM
I do not see anything strange in this. The market is too decentralized, which means it has no levers of regulation, which in turn leads to filling the market with projects whose main goal is speculation and money.
Having fulfilled its role, the project dies slowly or quickly, and the next one replaces it.
The market is actually over saturated man, and I wonder the kind of problem that is that much for us for everyone one of those projects to have a solution. They usually claim to have discovered a problem that needs solution, and these problems, I don’t even see much people having them because it is something that we can all deal with individually, but because of the money they are after, they still release this project and the most painful part is that we still have some gullible people that would easily fall for it and then donate money to the purse of such developer. Having fulfilled its role, the project dies slowly or quickly, and the next one replaces it.
The market really needs to be less saturated, and I am thinking about what could make the market to be less saturate and then remain quality project alone, do you think that.
September 19, 2019, 10:38:39 AM
I do not see anything strange in this. The market is too decentralized, which means it has no levers of regulation, which in turn leads to filling the market with projects whose main goal is speculation and money.
Having fulfilled its role, the project dies slowly or quickly, and the next one replaces it.
Having fulfilled its role, the project dies slowly or quickly, and the next one replaces it.
September 05, 2019, 04:43:26 PM
What do you think? About this question, everyone will have different answers.
I personally argue that many fake and failed projects are still numerous.
It doesn't seem to be endless and concern.
Everyone works hard to get coins, but until now the coin has no selling value, even the visible coin is no longer developed.
Projects with prizes are huge and sometimes unreasonable.
Be cautious about investing money and better trades with coins that are already listed on the big exchanges.
I personally argue that many fake and failed projects are still numerous.
It doesn't seem to be endless and concern.
Everyone works hard to get coins, but until now the coin has no selling value, even the visible coin is no longer developed.
Projects with prizes are huge and sometimes unreasonable.
Be cautious about investing money and better trades with coins that are already listed on the big exchanges.
September 05, 2019, 04:00:23 PM
Actually there are tokens that have prices in the market and some are missing prices because the developers do not run the project according to the roadmap.If you say 99% worthless certainly does not match the facts on the market.Still there are dozens of projects that have a pretty good trend but you have to be patient because the project will definitely need time to develop the project as planned.If you mean on the tokens that you get from the Bounty company,of course 70% is junk tokens
September 05, 2019, 02:47:22 PM
I don't think that 99% of the projects in cryptocurrency are worth anything, I think 90-95% are worth nothing, the rest is really developing and working part
September 05, 2019, 02:48:43 AM
And all that altcoin prices are even more worser .
All the prices of those altcoins have fallen even further and deeper in value in one year. but not to mention many deathcoins & scams
Are you talking about altcoins with their own blockchains or tokens that run on platforms like ETH? They're two different things.All the prices of those altcoins have fallen even further and deeper in value in one year. but not to mention many deathcoins & scams
The tokens pumped out by these crappy-ass ICO projects are indeed mostly worthless, and I'm not sure why people are still investing in these things. I have yet to hear of a project that's solved a problem in need of solving by employing a blockchain solution with a token. Not one. These charlatans make a lot of claims and promises, and invariably they fail to deliver--except to profit themselves at the expense of the investors and even the bounty hunters who help them advertise.
But while the altcoin market is currently in the dumps, that could reverse itself and it probably will. I do think most altcoins are redundant and will never get used in commerce, but there are some that could be very useful if only people adopted them. Many of them have advantages over bitcoin in terms of cheaper network fees and faster confirmation times, but there are so many of them that they can't all develop strong communities.
Masternodes, for example, are also worthless.
Yeah? I know a guy who runs a PIVX masternode, and he says it makes him a pretty decent amount. I've never run one, but I don't really think they're worthless.I mean All kind of token/mining coins/erc20/chains and almost all hardforked shit(the secret free money printer for the rich)
@ this moment I see these cryptos as most interesting
Pure payments!
Bitcoin, store of value like gold
Litecoin, btc cash for small payments
USDT, the stable coin
Monero, for the private/Underworld transactions.
Token Creation, dapp
Qtum,NEO,Ethereum,Tron and some more in that circle.
Masternodes only make sense if ...
You are the dev of the masternode coin so you can manipulate the price of the coin .so you can let the coin slowly bleed to death so you can buy much as possible for masternode. When bags Full of tokens, create a pump and release a lot of positive (huge)news and dumping the masternode tokens on your newcomers.
Or If Bitcoin pumps -- masternodes coins stay the same price in satochi or rise in satoshi value.
If Bitcoin dumps - masternode must grow in usd value.
higher then the coin is dropping in BTC value
August 19, 2019, 01:01:50 PM
Do not exaggerate so. Just this year, with a sharp decrease in the number of ICO projects, I see that their quality is improving. True, I also see a not very good tendency for hunters to pay very small rewards to their heads. Even those projects that first offer generous payments, in the future, for various objective and subjective reasons, reduce them.
In general, we are now on the verge of regulating the activities of ICOs by states. Then there will be more order and less fraud. However, worthless projects will always be.
In general, we are now on the verge of regulating the activities of ICOs by states. Then there will be more order and less fraud. However, worthless projects will always be.
August 19, 2019, 11:35:33 AM
at the moment I think all the projects are shit. nothing is in accordance with predictions, the reason is because they just want to take the money or it can be said to be a scam. rather than thinking innovation, I see it more as nonsense. concepts that are too idealistic cannot be useful in real life. so there will be no adoption, even I doubt if their platform will be released and used later.
In my opinion, I believe that the technology of the older coins are already enough to sole any issue that we resent have for blockchain to solve, most off those newer projects only got the idea they have in their whitepaper from the older projects and I really think that is where they are failing, they have no new innovations and they are just full of lies.If there is any innovation with real use case, it can be found more from the older projects that we still have, and even among the older projects, I still see lots of repetition in them and people have seen this also, which is totally reason why bitcoin is gaining dominance now and they are complaining, how would bitcoin not gain dominance, when it is still the only projects with very real use case for now.
August 18, 2019, 06:49:54 PM
To date, I am still holding that and some of these coins I get during my crypto. My feelings were disappointed because until now this coin did not enter the exchange. But I also don't think of it and continue to follow the project and collect the coins. I believe that one moment this coin should have a selling value.
August 18, 2019, 06:32:41 PM
Simple, if know that a lot of projects is scam, why we not just avoid it. I mean, there are a lot of coins that can be traded and it is still worth to use. If think tokens is make people lost their money, just leave it. I think that projects not force us to make an investment. And for who still want to make investment in new ICO, it is risk that they must take and if me, i will just trade old coins.
August 18, 2019, 05:14:43 AM
I will disagree with you based on the % you indicated, yes majority of the project are not worth it but that doesn't mean that only 10% is real. Come to think of it, if only 10% projects are meaningful I believe majority would not still be into cryptocurrency. There are very good legit project out there about 40% have been able to actualize it and put their project out and also listed while the remaining 10% is still struggling to meet up mostly cos of funds
August 18, 2019, 03:07:01 AM
I disagree with the big number you've given, it's like saying only the top 10 coins in the market has volume and worth investing, even the coins that are on the top 30 are worth investing, you just have to look at the ROI of every coin within the top 50 to prove my point.
August 18, 2019, 12:51:06 AM
at the moment I think all the projects are shit. nothing is in accordance with predictions, the reason is because they just want to take the money or it can be said to be a scam. rather than thinking innovation, I see it more as nonsense. concepts that are too idealistic cannot be useful in real life. so there will be no adoption, even I doubt if their platform will be released and used later.
August 18, 2019, 12:21:55 AM
I have some altcoins in my wallet that are trading over a cent and some are very close to 1$,i don't understand why you said 99% of altcoins are bad when we have good altcoins like blockstamp,hst,skycoin,stratis etc, no doubt we have many useless tokens and coins in crypto world but at the same time we have many good altcoins with real use case as well
August 17, 2019, 05:25:19 PM
It seems to me that now is not the right time for an absolute assessment of many projects.The thing is that many projects are developing and are not yet fully operational.In my opinion, the figure of 35-40% of dead projects is quite adequate.
One of the major problems we are having is that, so many of them are just too slow on the development of their products. Imagine spending almost two years developing the first phase of product development and yet not arriving at something meaningful. A lot need to be done. August 17, 2019, 05:21:30 PM
It seems to me that now is not the right time for an absolute assessment of many projects.The thing is that many projects are developing and are not yet fully operational.In my opinion, the figure of 35-40% of dead projects is quite adequate.
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