Topic: around 50-60 new coin added and all of them is crap.... (Read 350 times)

Good observation actually one can do startup without any coding knowledge he just needs funds to start everything, he can form a team coming from Fiverr or Linked and hire coders from the freelance market and voila his idea has now a form and he can start a crowdfunding, ICO has become a big joke it's time we move out from ICO.

This may often occur. Since 2018 new coins have emerged simultaneously. But in essence, there are also many coins that are really promising and worthy to buy. But certainly, need to be careful in choosing it. We understand very well that at present there are indeed many altcoins that only copy concepts with different names and even useless credible teams.

Well, I agree with you on this. The bearish market really affects the new qualified players. Though they have really a wonderful idea if investors don't support them, the new coins will just be there. If there is no enough fund because of the value of the gathered amount was not that much. I think we really need to be very careful on supporting the projects. If we find something that will really make an impact and have clear plan, we need to support that coin all the way. Don't be fooled by discounts and bonuses that offers worthless projects.

From your topic, all newly added altcoins are crappie but that's not 100% true because some are really great. Recently I took time to study some new projects and I was amazed at a few. Truly most new altcoins are garbage, since some team members' main aim is to make money from token sale and thereafter they won't keep up with project development. In the long run many altcoins will be dead and only those with valid project, resilient and hardworking team will survive.

This is the reason why most good projects have multiple people in their team who can handle every aspect of the project, ofcourse once in a while, something might pop up and cannot be handled by the team and would have to outsource or hire more coders, this doesn't make the project useless, even the big projects do it.

there is no problem with making money, in centralized system ** there is central entity/governments and other which are expose and stop scams and other shit....

its huge test to human kind with decentralized tech peer to peer and Distributed tech soon will hit hard also(futuristic)
search:decentralized vs distributed there is nice photo explain this...

its huge test to human kind if WE can together can lead all this to the right direction and help each other and other stuff this is why it called peer to peer tech...

peer to peer file sharing is each computer help to other computer to complete to download a file,music,movie,software ...in simple explantion

peer to peer(decentralized) system mixed with Distributed tech is the future...and its huge test .....because there is no centralized entity.....there is decentrailzed= WE

...
decntralized tech=peer to peer = here some peer hold the other
there is no problem with making money, in centralized system ** there is central entity/governments and other which are expose and stop scams and other shit....

its huge test to human kind with decentralized tech peer to peer and Distributed tech soon will hit hard also(futuristic)
search:decentralized vs distributed there is nice photo explain this...

its huge test to human kind if WE can together can lead all this to the right direction and help each other and other stuff this is why it called peer to peer tech...

peer to peer file sharing is each computer help to other computer to complete to download a file,music,movie,software ...in simple explantion

peer to peer(decentralized) system mixed with Distributed tech is the future...and its huge test .....because there is no centralized entity.....there is decentrailzed= WE

...
decntralized tech=peer to peer = here some peer hold the other
Distributed tech = peer to peer = here each peer hold equal to other peer in some sort of level......edit

yehhh scary shit for noobs and  uneducated people

peer to peer tech which come from peer to peer file sharing in the source even before just was underground until it hit main stream with napster and torrnet and others, because centralized tech/servers was shut down very fast by governments until peer to peer hit and now they cannot shut down 500 million computers then the revolution come peer to peer/decentralized everything...to put the middle out of the chain and other very deep important things, which is long answer will be...

but peer to peer /decentralized tech is

some sort of test to human kind to see if we together can lead it to the right direction and help others and expose scams and other things because there is no central governments/entity which lead, expose,help and other things ,,,,,,,its WE ....

do you know when the paper money will fall what will happen to the system mate? ask expert economist you will get shock

it can happen very fast why???

soon and already startup pop out there to accept cryptos and the fiat money is outside of the chain...

the main mission of satoshi team is bring down the dollar and they all together fall its like uber in taxi....they control everything by paper money every smart economist know this...

Because cryptocurrencies are becoming more and more popular. Everyone is trying to make money on them or make some kind of contribution. That is why people and create new coin themselves until the end of not understanding their purpose. As a result, we have a large number of different garbage, which will never cost anything.

yehh i never invested in this project... and you are right 100%

ethereum has 12 million coins for the team
satoshi team have around 1 million premine and for sure much more because they buy it like normal people,

but their premine is around 8-12 % compare to billions coins project where they hold half ... hell

you know decentralized tech its some sort of test to human kind , can we all together lead it to the right direction without central/entity like governments and other....

you know

peer to peer tech

There are even "how to" guides. If you google enough and have a look around at sites that sell scripts you can find ico one page creation tools. Ever wonder why ico are always just one page with those tabs that just scroll down to the requested section instead of opening another page? That's why. It has everything you need to make an ico and some of them even have features to create fake volume. They all come with that ico fill bar and you can even adjust how filled or far from the needed amount is so you can lie about how well its doing. This is why i dont pay any attention to those bars. There is even more but you get the point.

The thing is, the coder who are hired by these start-ups are already hired by many before them so it is obvious that these project that have no in-house coder will  give crappy services.   We have seen lots of these projects but they just died naturally because they cannot sustain it.


Well, more supply means more money for them if they sold them all.  This is how greedy these developers are,  and they even reserve a token for themselves.  They already have the fund so I wonder why do they have to keep a certain percentage of the token for themselves?  And another example of this is EOS, they have collected billions of dollar on their ICO and now that they implement POS, the developer have the 4% (disguise as  saving but definitely it goes to dev) of that 5% only 1% goes to the producers. 

 

their was several anonymous projects here that scammed very hard alot of people , the code was open source and fair premine and other shit and yet this was huge scam.....

one of them was bitcoin wsgixt something like this i just need to find it on bitscreener.com was which spiked to 2k usd and it was huge scam...

because when top team come with top coin its way better to be open who they are and other stuff, and in other example lets say most of the teams love to be open its the nature of human mind to be famous and known, rich and other relative things rather then anonymous, do you know that the level depression in the sillicon valley is so fucking huge around 80% you know why:

they want to be famous and known, rich and other relative things, to be anonymous dosent lead to this hhhhhh

which mean projects that are anonymous most of them scams from simple facts wrote above ...

and if anonymous top team behind some great project its mean they anonymous in everything on the internet because they involved in things with huge risk and few things can lead to team members and other stuff, and what other projects they do and what they do with their money and so on...

they must to stay anonymous while they bring the project life while outside the project they are simple people seat on forums ...open and help

now if anonymous top team with top tech come they need to create TRUST* some how while stay fully anonymous which is far away from easy...

in other words...

take the project i wrote above which scammed everybody it was open source and and fair premine and other stuff and still was hugeee scam
and
comapre it to bitcoin which was also like this

how do you will know its not scam??

...

they need to find way to create TRUST while stay fully anonymous ..

it will change for sure and quick there already huge decline for ico,

now will start huge decline for huge supply coins with billions , which to get to the moon dont exist and the founders hold billions of coins...

the same with stable coins...

me and few other created 100k bots which work non stop to save as much possible the other who stuck with this project the logic function inside the head dosent work and after years i mean 10 years they will wake up and maybe fall to other same shit...who know....after all this is kids stuff you know.

when this came out i was laughing almost several days with others...

This is not a surprise at all. In so much greed for making money new coins are developed so quickly without any prosperity or added value. Too much worthless projects and it's really hard to find any ICO worth of attention. Sometimes it looks like crypto lost the original idea. Hope this will change in the future and that we will get better quality projects.

months ago I read an ICO thread and I did not understand anything about the project, I stayed several hours thinking about what OP of the thread wanted to create. until today I still do not understand what the OP of the thread wanted to create and why he needed money from other people.

The crypto world is full of crap people, shit projects, nonsense shitcoins

If one shitcoin creates something X, another worse shitcoin copies the something X that was created

every market is red, but see this:



https://coinmarketcap.com/currencies/jesus-coin/

unbelievable

i already answered this to other user most of the coins crap only few great coin come out there some time and they are the ones that grow...

i was with neo and dash and monero and zcash and other but this projects are top RELATIVE* again relative to the crap out there..

great new top coin will go viral and grow....

look on project v -id from germany top team and low supply great product and so on they are very new in the space and see how they did grow very fast....

but smart people mosyt of the time get to this, the other stuck with huge supply coins and stable coins while why great coins grow is the smart ones grow them...

and gold shine inside crap which mean if top coin hit it will grow and spike and if it will be Anonymous team they must to solve very hard equation how they will create trust and stay fully Anonymous in the same time....very hard even impossible yet sound easy to people which are not smart....

when everything is gold then when you put new gold nothing is special ....which mean there will be time where most of the project will be top quality...and then it will be very hard to compete ....right now everything is crap and if you put gold everyone jump on it....

With the amount of coins already in the space it is hard to find the ones that got good fundamentals and a dedicated team. It also could be the reason why some projects dont get the attention it deserves or cant shine and have to call it quits before it had a real change on succeeding.

you answer is to general and not specific ,

1. most of the Anonymous projects are scams if not all of them.... project which is Anonymous fully its 100% scam mate , but sorry to say your logic is far away from be sharp,

 if you bring the next BITCOIN and everything is great and top team from google and amazon for example ** why to be Anonymous??? did you ask this why???

its only one point lets look the next point...

everybody want to be famous, and founders and be known and other stuff like i am rich.....its fucking the nature of the human mind, its so simple....

if project come Anonymous its most of the time scam and very smart...its happend in this place over and over again ...


after all this if great top team is Anonymous about their new top coin project its mean they Anonymous in other projects for several reasons ,
like for example chelsea e. manning going to get chunk of cryptos she is exposed things on wiki leaks and need help this people know where to put money...

the end point they Anonymous in all projects in all verticals...its mean satoshi team did other great project in other things they was Anonymous,

you need sharp logic to get it relative to you **


then you say: Anonymous teams can still be trusted as long as the distribution model is fair.

its not right people scammed very hard even the distribution model was fair, and this is why Anonymous projects dont grow anymore.

then you say: Many people thought bitcoin was a complete scam when they first heard about it.  Even today many people I know still call bitcoin a scam.

nothing new about this people dont have deep knowledge in tech and what is peer to peer and other stuff, the smartest was know its not scam but only few ...and it very hard to explain why...

but satoshi team is Anonymous in whatever they do on the internet and they know why //// they not Anonymous for to be cool....and if there is top coders and team its better to be open who they are.....

after all this

if the same team or other very smart team come with the best new coin they need to create TRUST*  its hard equation how it will be done,,,

and there was here project of bitcoin that was from china and Anonymous and open source and fair premine after all this they scammed everybody here hhhhhhhhh

you logic is just not sharp as very simple why to be Anonymous if you have top team and top coin.....and if yes its mean they Anonymous in whatever they do on the internet...

i will find the name of the project which scammed everyone here and spiked to 2k and people fucking was in deep shit after everything was exposed..


now you get whythey need TRUST this day compare when the fisrt time bitcoin was created and there was no sccams

when satoshi team was first in the game its different ,,,,now all scams come most of the time from anonymous people,,,

so how they will create trust and in the same time will stay fully anonymous its very complex equation mate,,,its like to say to someone

how we gone to pass the wall and prove to other we passed it....

minds with no logic and not so much smart cannot understand this example for sure and even more....

for them anonymous projects are all around and some scam and some not, why you need to create trust *   most of this minds fall for scams and dont know what the code and what the tech and everything is simple for them when ironically

to create trust and stay fully anonymous its very hard equation and very complex,, how it will be done....to stand out of the scams and in the same time prove to everybody we are the last best tech and so on include noobs...

hard concept..

Anonymous teams can still be trusted as long as the distribution model is fair.  IF they hold a bunch of premined coins or implemented a founder's tax then it is best to stay away from it.  Many people thought bitcoin was a complete scam when they first heard about it.  Even today many people I know still call bitcoin a scam.

no its not right if anonymous team will bring top quality project it will go viral like nothing because people wiat for this kind of projects....is this simple to get....

the problem if anonymous people if it satoshi team or other team will bring top new tech coin they will need to create TRSUT* some how,

because most of the scams are come from anonymous people, so they need to find way to create trust ....how it will be done i dont know, but this is the only way....

i  was with neo and dash and monero and neo and other cool projects and the same things was said like: Even with a stunning project and with a person that has skills in managing a business I guess newly made coins cannot survive this time of around....

when in reality its different its happen over and over again...

now the projects i mention like monero and dash and neo some how not great projects compare to top quality project,

if new top quality project hit which for sure will be anonymous it will go viral and price will spike so damn hard because people wait for this kind of projects....very simple

but this anonymous people will need to find very smart way to create TRUST* in the commuinty and separate them self from all the scams which was come from anonymous people which scammed everybody...

and to create this kind of TRUST* in the commuinty and stay fully anonymous its like solving very complex equation, after they already have the great next BITCOIN....

every sharp logic mind know to create TRUST and in the same time to stay fully anonymous its very hard and complex equation even its sound very easy...

Even with a stunning project and with a person that has skills in managing a business I guess newly made coins cannot survive this time of around, I guess because the trust in a certain project by investors was not there anymore and we can say that we had a sleepy market of coins, I don't want to say it but I guess developers right now would just make a coin to be added in the market and will just let it flow there and hope for the best to come, I think they had become slothful in making project now.

this is why we need to open thread and put there the legit few projects out there so other noobs see and know why they are great compare to all the crap out there

hey bro when you say :A successful project idea doesn't necessarily have to come from a coder ,

this is what i said maybe you didnt understand this but its ok,   what i said is that there are the ones that have great idea/coin/startup and then the coders get in the picture and code it and all this publish under one name,

its also can be that the coder both mind sided mean he also very creative and great coder....but bitcoin come from people under one name.

the problem today is different because most of the projects is scams and done by anonymous people, which lead us to very imp0rtant point

if new top quality coin/startup come they will need to create trust* in the community in some level, how its will be done i dont know but it must be done in some way, or people will fear to invest in the project.

when satoshi team was first with the idea its different and have huge risk and even today the risk exist to s0me level and trust me i know what i speak, now the scams out there done by anonymous people will kill top quality project which come fr0m anonymous people because people fear anonymous projects from all the scams was done by them    SO its mean

if top quality project like bitcoin will come by anonymous people the same one or others....they will need to create TRUST in some how....how it will be i dont know but who have SHARP l0gic know this is the only way for anonymous top project to stand out and prove its not scam OR they will be open who they are which will not happen for sure

Absolutely, even with a fantastic use case many projects and companies fail due to many reasons. Usually the team lacks enough experience, skill and knowledge to overcome problems.

I fully agree, I think that at the moment of the answer, what problem your coin would solve, many would not know how to respond, I believe that 100% of the currencies that we have today 80% serve almost nothing, only increase the number of currencies already created.

The crypto market was not always like this! It was great earlier and we have seen a lot of successful projects coming to life earlier! However, the market has now become a joke where every single company is coming up with their own coins and these coins promise to solve such problems which doesn't even exist! If you see the below link, you will see a steady decline in the funding amounts because of few huge scams! A lot of people invested in such ICOs and at the end of the day, they had made only losses and nothing else!

However, I want to voice my opinion against the below statement -


A successful project idea doesn't necessarily have to come from a coder. Even a layman like you and me can come up with a great idea but the market placement should be correct followed by a strong and robust marketing plan! But it's also true that so many coins are actually ruining the market eating into the investments that could have flown into good projects and creating more confusion with the great promises!

its great time for quality project to hit when everything will bee quality it will be hard game mate

the 3 type of scams i explained you

1. stable coins

2. huge supply projects with billions of coins

me and few other have around 100k bots ** which spread this info to save other people who their logic is work , if the logic function is broke they live in a dream that xrp will hit soon 30 usd and other things stable coins is great while its stable smart scam

yep you right mate its so fucking sad.... but we will get out of this for sure ...

1.stable coins scams---in reality its only exchange of money nothing more, its dont grow and nothing, its like to exchange usd to euro nothing more and as someone called viper in his nick name said its better to exchange to gold or diamonds=stable price which very slow grow.

because real crypto its all meaning to grow while the prices in supermarkets and other go up and paper money lose value and salaries is also shit,
then he say people so dumb they exchange money paper to stable coin, did they ask them self what the hell they do and why and what the reason because when you exchange paper money to stable coin crypto its EXCHANGE not INVESTMENT hhhhh and if you exchange to something stable its fucking better to gold or diamonds , yet people dont get it so sad.


2.then project with huge supply with billions of coin which will never will grow like xrp,tro,bbt,kin, and other its called stable scan and the founders hold wallets with billions of coins..

in order xrp hit 10 usd per coin the market cap need to be 1 trillion(1000b)

max supply x price per coin = market cap

100b coins x 10 usd per coin = 1 trillion(1000B) ---- like xrp supply --------yet what funny the market cap of xrp is 16-17 billion compare to 1000b market cap to hit 10 usd per coin, and the all market cap is around 320B ,,,,,how people dont get it its scary its will never happen


3. then we have pure scams hhhhhh


we need to wait to underground people to come with new great projects

and there are few great projects with low supply one of them is

V - ID

It is the most important question that we should ask ourselves before investing in their crypto,
What could they do in the industry and what's the use of their project for us?
Most of the new crypto are just a bunch of shit mostly just a promise that wouldn't even happen .

i dont think its a good time to start a new project.reason is almost all altcoins on the atl and people invest them rether a new and high risk coins. second reason is it has to be really good and different idea which i cant see any for a while.

For me most of the coins will fail in the most obvious question: What problem do your coin will solve?
I read a lot of threads and whitepapers but it's a shame, they don't have a simple explanation why we have to believe in the project, how people are going to use it and the rest is only words, just to gain some money...

really interesting what the people is behind this startups/coins hhhhhh fucking joke

compare to underground people which bring top quality projects here and there which most of the time its like from the future compare to what goes here yet its all relative because most of the projects come from very dumb people today..

in great startup its mean sometime great mind can bring top quality idea but dont have skills to code so he partner with other...coders

most of the time its like this, there are the ones that bring the idea and then underground coders bring it to reality all this publish under one name or other funny name

...