99% of all projects is worthless and not worth a cent. What do you think? - page 3.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: oapieNL on August 15, 2018, 01:19:21 AM

99% of all ico and existing projects is worthless and not worth a cent. what's your opinion?

True,i do only consider projects which are legitimate ones even or including to those who haven't able to get some value are to those projects that do having their own platform.
We do see this market is being flooded by most erc20 tokens which means they do rely into the same feature but somehow we can differentiate on which one do give out a real world usage than to those who are just good when they are still just on their pre-sale.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

85% of the altcoins just there for the price speculation, their real value is near the zero. Worthless projects are overqualified schemes considering the listed coins of the projects on the exchanges. In my view, if there is a lack of vision the end will become near for such project. Without a proper roadmap and professional developers running a crypto project doesn't worth to waste time, only lucky projects are able to survive in the competition. Pumped coins are dumped in the late pumpers and this cycle continues forever until the coin get delisted. A bear market is a good way to learn the outcome of the unplanned trades, proper plan saves time and money.

Iykecollins

copper member

Activity: 376

Merit: 1

Was sounding very interesting until I read towards the last paragraph where you were actually trying to promote another project which obviously shouldn't be the same category according to you, what guarantee will you place on it? Here it is a game of chance, a lot will fail, some will survive

jagaban

copper member

Activity: 322

Merit: 8

I won't say 99% because I am still holding some coins I bought in ICO since 2017. Maybe 80% - 85% of coins out there are shitcoins based on how poor the projects have been.

digitalblock

sr. member

Activity: 840

Merit: 250

Many projects have a very good idea and concept. But due to the fact that the market is very much competition wins the one who can afford to make large sums of money in your project, namely in order to enter the listing on the stock exchange. Many do not understand that it is best to invest in the functionality of the project and not in the speculative cost.

xenomorphe1

full member

Activity: 798

Merit: 103

Quote from: Dark Helix on August 15, 2019, 07:00:11 PM

Quote from: xenomorphe1 on August 15, 2019, 09:49:14 AM

A lot of projects are now worthless in term of value for their coins, because people now only care about bitcoin. Look at the dominance of bitcoin. Is it normal for you to have 70 percent market dominance for one coin which does not do anything new compare to some new altcoins? Most people are only here for greed and not about the development of the technology. Some projects are doing excellent work, but their tokens are worthless. Look for exemple at the Ambrosus team. They have an excellent team. But nobody care about their token now. I would say, it is not worth for new companies to enter the crypto market. Except if they make a scam exit as their tokens are going to be dumped hard after the first pump of the coin. Because people now are only buying bitcoin and not because the team want to develop an excellent product or not. Only coins which are created by an exchange are doing good. Because they give some advantages to thoses traders as lower fees or permit to participate in new IEO which get dumped hard after too. If this continue, cryptocurrencies are going to die as there is too few real investors to develop the new technology. Continue like this and buy only bitcoin and we are going to see the fall of all cryptocurrencies and not just altcoins.

I’ll just leave this here. https://amb.money/

Amb is profitable (around 50% ROI) now with about 20% staked already.

Thanks. I see that the nodes are profitable. But the mainnet coins are not available on exchanges, no? As the swap was only for people who had enough coins to make a node.
You should take into account the cost of the node too.
And compare to its starting ICO price, its value has diminished. From $0.30 to $0.02... So, i won't say it is profitable. It was a little profitable on its first year, but after that no.

aioc

hero member

Activity: 2926

Merit: 567

So we have the top 50 profitable coins in the market so how many altcoins are there in the market, you don't do your math, you are sounding like a desperate man who wants to get out from the market and you are creating FUDS in this forum.

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

The current market situation is not allowing to get full o desired funds raised for the projects due to lack of interest by investors. Also many scam projects are coming out which is impacting investment of genuine projects.
I have seen only 3-4 projects doing well(?) among 10-15.
Lets hope regulations will change the situation.

InwardContour

sr. member

Activity: 644

Merit: 260

I agree with this post that many crypto projects are worthless, but saying 99% is a hyperbole, I think about 70% will be fair enough. Many projects never accomplish what's on their roadmap, some even keep mute after token sale (which means their main aim was to scam people through the token sale). Some will even go as far as listing on exchanges and then dump everything, I was a victim for PENT (penchant) and XTM (Xentimentum) which listed on mercatox and hotbit respectively. The team members cleared all bids (buy orders) until there was none left. Exchanges and Coinmarketcap should scrutinize projects properly before listing , not just listing any new project easily. Well, there are still some very good crypto projects still keeping up with developments for long term, my favorites will include TRX, EOS, LINK, ATOM, ICX not forgetting ETH.

akungagal

member

Activity: 700

Merit: 11

send and receive money instantly, with no hidden c

Quote from: AmoreJaz on August 16, 2019, 05:28:11 AM

after one year of posting this thread by the OP, i guess people already learned their lessons with projects launched in this crypto space. though a lot of devs have gained on their own ways, a lot have suffered from those promises and hoping that one day, they will get rich...

yeah, you are right.
i have also learned a lot and understand enough of the projects launched on crypto. because of my experience over the past few years, i got one valuable thing, i kept instilling in my mind "when investing i don't expect to be rich but i will continue to try to get good results".

baigreen

full member

Activity: 625

Merit: 100

Yes you are right the situation is terrible. Most of the projects simply overwhelm each other and nothing brings new to the market. Only confuse traders and investors. Well, we can’t stop the launch of projects? And we will have to face it. So we will monitor the quality and develop their ideas. The project market does not stop at exchanges and wallets, I think good projects and do X 10.

gensol

jr. member

Activity: 714

Merit: 3

99% is a high figure. Yes it's true new coins got out within the past year coupled with exchanges that sprung up as well. Looking at the tokens and what they used to be sometime ago the bear run has affected them but it doesn't mean they're worthless. The project's utility should be used to judge projects these days until the market reveals their real value.

robelneo

legendary

Activity: 3346

Merit: 1214

OP is not giving us a good stat I don't think it's 99% if this is the right figure, then investors will only invest in the top 3 coins in the market, then why all the other coins in the market are having volume and investors are buying those coins, there are still good coins around, it's just a wild guess to come out with a figure like that.

VDraci

member

Activity: 560

Merit: 28

SAPG Pre-Sale Live on Uniswap!

Its very easy to create coins and tokens i think thats why we have too many useless coins and tokens in crypto space,many coins live only for a year and some over few years before they die but not 99% of coins are useless,some good coins are even under top 100 of CMC,if everyone can just ignore coins and tokens with no real use case shitcoins will die faster

AmoreJaz

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Chomsy on August 16, 2019, 05:25:28 AM

Quote from: odessit1377 on August 15, 2018, 08:16:14 AM

Many projects do not make sense, but most importantly, they can not have a real product, that is they are meaningless! But there are very interesting ones, which show all the hopes, as a rule, they come out with the original product and simply collect it for its development.

Projects we see these days are mere copy paste from other projects. I think we have the same circle of people coming up with developments of projects. They start on a project and once they've made their gains, voom, they move on to another. This is one reason why we have too many abandoned projects in the space.

after one year of posting this thread by the OP, i guess people already learned their lessons with projects launched in this crypto space. though a lot of devs have gained on their own ways, a lot have suffered from those promises and hoping that one day, they will get rich...

Chomsy

copper member

Activity: 364

Merit: 1

Quote from: odessit1377 on August 15, 2018, 08:16:14 AM

Many projects do not make sense, but most importantly, they can not have a real product, that is they are meaningless! But there are very interesting ones, which show all the hopes, as a rule, they come out with the original product and simply collect it for its development.

Projects we see these days are mere copy paste from other projects. I think we have the same circle of people coming up with developments of projects. They start on a project and once they've made their gains, voom, they move on to another. This is one reason why we have too many abandoned projects in the space.

bitcratic

newbie

Activity: 25

Merit: 0

99% is too exaggerated figure. I think lot of project have useless. 30-40% is useless projects.

davinchi

legendary

Activity: 2100

Merit: 1058

I honestly think that the way how it is easy to create a new coin is the cause of this. You can simply start a coin in 24 hours if you want to including some marketing and a website.

I would prefer if it was a bit harder to start a new coin, hell some coins are so easy that they don't even do funding, they just do airdropping because they know if they get some attention and people start to buy and sell they could potentially sell the currency they have and make a ton of money all depending on how much interest people show to it, some even just sell and dump a bunch making maybe a few btc at most and not care about what happens to their currency. It is a shame its so easy to start a new coin, maybe if we can somehow manage to make it a bit more difficult than we could potentially have more worthy coins.

poornamelessme

hero member

Activity: 1204

Merit: 509

99% is too high in my opinion, but certainly the majority of coins (and icos) are pretty much worthless. The problem in this market is that there are quite a number of top 100 coins that at least in theory has a real-world usage and/or some unique features, and they are getting dragged down with the entire alt market.

So I wouldn't use a broad stroke and say basically everything is worthless. Just that with this market, it sure looks like almost everything is close to worthless.

Dark Helix

newbie

Activity: 27

Merit: 1

Quote from: xenomorphe1 on August 15, 2019, 09:49:14 AM

A lot of projects are now worthless in term of value for their coins, because people now only care about bitcoin. Look at the dominance of bitcoin. Is it normal for you to have 70 percent market dominance for one coin which does not do anything new compare to some new altcoins? Most people are only here for greed and not about the development of the technology. Some projects are doing excellent work, but their tokens are worthless. Look for exemple at the Ambrosus team. They have an excellent team. But nobody care about their token now. I would say, it is not worth for new companies to enter the crypto market. Except if they make a scam exit as their tokens are going to be dumped hard after the first pump of the coin. Because people now are only buying bitcoin and not because the team want to develop an excellent product or not. Only coins which are created by an exchange are doing good. Because they give some advantages to thoses traders as lower fees or permit to participate in new IEO which get dumped hard after too. If this continue, cryptocurrencies are going to die as there is too few real investors to develop the new technology. Continue like this and buy only bitcoin and we are going to see the fall of all cryptocurrencies and not just altcoins.

I’ll just leave this here. https://amb.money/

Amb is profitable (around 50% ROI) now with about 20% staked already.

Topic: 99% of all projects is worthless and not worth a cent. What do you think? - page 3. (Read 1435 times)