Topic: Can altcoins be divided into mainstream, non-mainstream, and junk coins? (Read 225 times)
August 22, 2021, 10:50:24 PM
I like your definition about mainstream, non-mainstream and junk coins. I completely agree with you about this. When it comes to long-term investment we had better choose mainstream or non-mainstream coins, as they have the best dev teams, the best communities and they are likely to give us money within time. As opposed to them, we should avoid junk coins, they are suitable only for trading.
August 15, 2021, 05:23:02 AM
I sorted them into categories: mainstream altcoins, non-mainstream altcoins, and junk coins.
What are altcoins? The following link is very detailed, you can refer to it for comparison.
I read somewhere that there are 2000+ altcoins which includes tokens and I will not be surprised if we need to count them like 10k+ in next four or five years. I guess 99% of them may not sustain and the remaining ones also may get replaced by improved version of same concept based coins. Hence, there would be no point of having categories for altcoins as 99% of them belongs to shitcoins category and the rest are in uncertain phase.What are altcoins? The following link is very detailed, you can refer to it for comparison.
Still I need to agree that we definitely need altcoins which must be used at least as a payment purposes without needing to spend big money for every transactions and nothing else. We got bitcoin but it is slowly entering into "asset" category along with high tx fees (but right now BTC fees are slashed still it may climb up at any time soon).
August 15, 2021, 02:49:48 AM
The use of Bitcoin that does not require a banking institution is considered not to be able to shift the banking function, because the exchange rate is very volatile.
Even though in terms of cheap transfers, the risk of the exchange rate is very high.
So there is no chance that Bitcoin can replace the function of mainstream currency
Even though in terms of cheap transfers, the risk of the exchange rate is very high.
So there is no chance that Bitcoin can replace the function of mainstream currency
August 15, 2021, 02:43:51 AM
I think you are being a little bit strict in your judgment here. Many of your so-called junk coins proffer use cases and have MVPs that are burgeoning. Though most coins in crypto are pure junk, but some are good
August 15, 2021, 01:03:43 AM
Usually divided it by the projects behind it, after that which exchange are listing it, and the last is how much the 24 hour volume traded on this coin. These 3 factors i always use to define my investment where is my main investment, sub investment, and my speculation investment
August 15, 2021, 12:02:53 AM
Nowadays there are a lot of scams and their number is only growing. While there is a new hype around the crypto market, newbies come and scammers want to earn money on them. So now we should be especially careful. Before investing I prefer doing careful research of docs, partnerships, team members, roadmaps, and also I look through smart-contracts.
August 14, 2021, 11:46:09 PM
In this altcoin sector, I prefer to call them air coins, because sometimes they are invisible and intangible, and sometimes they disappear without you being able to track them.
I sorted them into categories: mainstream altcoins, non-mainstream altcoins, and junk coins.
What are altcoins? The following link is very detailed, you can refer to it for comparison.
https://www.investopedia.com/terms/a/altcoin.asp
Mainstream altcoins have different functions, different founding teams, and have a strong trust endorsement, a strong technical team, giving us enough confidence, I can accept it, for example, Ethereum, Monero, Litecoin, etc. . Non-mainstream digital currencies also have a relatively strong trust endorsement, especially the founders who dare to innovate continuously on the basis of Bitcoin, especially in the field of DEFI and NFT, which are also acceptable by many people, such as UNI, SUSHI , FTM, CRV, etc. The rubbish coin is pure violent marketing. There is no well-known team, no economic model, and pure plagiarism. Some will not give you tokens, and some will just run away. The entire publicity process is simple and rude, with one purpose: please Add bitcoin to my wallet address.
Has everyone been deceived by altcoins again? Please report them and tell more people not to invest
You don't understand what you are talking about. There are many good projects, like NEAR and $MAGIC that don't have the publicity or marketcap of Cardano for example, but that doesn't mean it will always be that way or that other projects are technologically inferior because of the price. It's really third world thinking. Just because you paid 50k USD for a VW car, doesn't mean it's better than some less popular 25k USD cars if you objectively compare them. Cardano has effectively branded itself despite lacking any WEB3 functionality and having slow transactions. You should be investing in promising under the radar projects before they increase in value.
August 14, 2021, 08:21:42 PM
If you search you will find that people have been deceived by AltcoinCoin.
So we have to work very carefully so that we do not fall into the hands of fraud.
If we act with a little caution, we will not fall into the trap of deception.
So we have to work very carefully so that we do not fall into the hands of fraud.
If we act with a little caution, we will not fall into the trap of deception.
August 14, 2021, 06:56:29 PM
I think this division will be ready out due to the unregulated m of the doctor currency market however it waiting on coinmarketcap almost seems to do these classifications for investors because you can easily see the amount of volume down each coin as how well it is been traded on exchanges what the historical data is and from the information that you have you can easily make your investment decisions on which cryptocurrency however it is important to note that the health of cryptocurrencies are pump-and-dump cryptocurrencies and will not be successful in the long time so it is also very important to do some digging and analyse the fundamental past of each project before you even try to invest
August 02, 2021, 09:24:50 AM
at least if you want to classify altcoins into several, as you said you should start by determining what classification and standards you make in classifying these altcoins because I quoted you saying that all altcoins have different functions, different founding teams, and have the support of trust which of course is different. therefore what standardization is used to view and assess the classification.
and if you look at the case you said in the thread you made I think this is about personal judgment and in essence it is shown from the research you made because here there is no recommendation or prohibition to buy certain coins if you want then buy if you don't want then no, but at your own risk.
and if you look at the case you said in the thread you made I think this is about personal judgment and in essence it is shown from the research you made because here there is no recommendation or prohibition to buy certain coins if you want then buy if you don't want then no, but at your own risk.
August 02, 2021, 09:02:52 AM
This is the reality of the altcoins now, you can't trust all coins, you have to weed out the good and the bad, those with potential and those scam coins, even if they have developers and they are developing their platform, there's no guaranty that they will become a good project, some projects and platforms just cannot take off because of lack of marketing and platform are too complicated for the community.
August 02, 2021, 09:00:04 AM
In fact, people need to know the classification of coins that are in the market. so that they can determine and choose the right coins for their trading and investment.
because most are definitely affected by FOMO and hype in the market. they buy assets that are on the rise and are being talked about a lot on social media groups.
because most are definitely affected by FOMO and hype in the market. they buy assets that are on the rise and are being talked about a lot on social media groups.
August 02, 2021, 08:48:49 AM
I think yeah, absolutely. I think there also should be category for old and reliable coins like ETH, LTC and others. I prefer exactly this kind of altcoins.
August 02, 2021, 07:19:35 AM
-snip-
While some projects might be fundamentally amazing, it is not a guarantee for their success (especially if you're talking about the price). I know some projects who are just a copycat but get a higher mc because of hype and luck, so be careful. Just don't get stuck with fomo and ignore obvious flags such as no team, dubious claims, etc. 
August 02, 2021, 06:01:49 AM
Obviously, not all altcoins have some kind of foundation, technology or at least real people behind them. A large proportion of altcoins are scam, or projects that do not live for more than six months.
Thats true actually. In the span of time we can decipher which altcoins can hodl or those serious one. But OP can definitely noticed the difference, as much as we wanted to sort it out organizedly, I dont think thats a hard task since we can easily identified those shitty projects or OP's termed junkcoin.I highly advise that always be careful when investing on some altcoins cause some of them have been created just to have some shitcoin hype and exit once they profited.
August 02, 2021, 05:23:23 AM
Obviously, not all altcoins have some kind of foundation, technology or at least real people behind them. A large proportion of altcoins are scam, or projects that do not live for more than six months. But among the heap of ephemeral altcoins, there are really diamonds. Let's take Near Protocol for example. A unique project with the best programmers from all over the world, its own fast and cheap blockchain and open source code, on which many decentralized applications have already been written. Which will subsequently lead it to the top in terms of capitalization among all related projects, since the Near token is used everywhere
July 23, 2021, 09:11:13 AM
So many people have been deceived by the scam altcoins. I think that you will be wasting your time only by sorting the shitcoin into the some categories. there was a section called scam accusation where people who got scammed and became a victim has been creating an awareness thread about that.
If you wanna do what you have already planned and why don't you just go there?
If you wanna do what you have already planned and why don't you just go there?
July 23, 2021, 09:01:55 AM
This division of the cryptocurrency will still be very conditional and its practical significance will be very insignificant. Top coins and some types of potential coins will be in the highest group of this division, and the rest of the altcoins will constantly migrate, as well as dozens and hundreds leave the market. In this market, cryptocurrency is changing its value very quickly, and now there are more than 11,000 of its types. We are no longer even able to study not that hundred, however, and remember the names of all types of cryptocurrencies. We don’t need it. All the same, most altcoins are short-lived.
July 10, 2021, 11:06:57 AM
In this altcoin sector, I prefer to call them air coins, because sometimes they are invisible and intangible, and sometimes they disappear without you being able to track them.
I sorted them into categories: mainstream altcoins, non-mainstream altcoins, and junk coins.
Quote
Mainstream altcoins have different functions, different founding teams, and have a strong trust endorsement, a strong technical team, giving us enough confidence, I can accept it, for example, Ethereum, Monero, Litecoin, etc. . Non-mainstream digital currencies also have a relatively strong trust endorsement, especially the founders who dare to innovate continuously on the basis of Bitcoin, especially in the field of DEFI and NFT, which are also acceptable by many people, such as UNI, SUSHI , FTM, CRV, etc. The rubbish coin is pure violent marketing. There is no well-known team, no economic model, and pure plagiarism. Some will not give you tokens, and some will just run away. The entire publicity process is simple and rude, with one purpose: please Add bitcoin to my wallet address.
You are trying to redefine the meaning of mainstream. The basic definition is "accepted by most people". Monero may be popular among crypto enthusiasts who likes true privacy and anonymity but it's not accepted or supported by many investors today. We have different views on Doge but it became mainstream even if it doesn't have a strong technical team. That shouldn't be the case if we go by your definition. legendary
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July 10, 2021, 04:36:30 AM
If you want to classify the altcoins into three of the segment you mentioned, I doubt you will get more than 10 altcoins for the mainstream according to your definition. Other than a few coins like ETH, XMR, IOTA, almost all the projects are junk or z category coins which has no real use cases, no good team with related background.
Personally, I have been scammed a few times but that coins aren’t here anymore. They are either dead projects or a scam one which never been existed in the market.
Personally, I have been scammed a few times but that coins aren’t here anymore. They are either dead projects or a scam one which never been existed in the market.
July 10, 2021, 01:51:14 AM
In this altcoin sector, I prefer to call them air coins, because sometimes they are invisible and intangible, and sometimes they disappear without you being able to track them.
I sorted them into categories: mainstream altcoins, non-mainstream altcoins, and junk coins.
What are altcoins? The following link is very detailed, you can refer to it for comparison.
https://www.investopedia.com/terms/a/altcoin.asp
Mainstream altcoins have different functions, different founding teams, and have a strong trust endorsement, a strong technical team, giving us enough confidence, I can accept it, for example, Ethereum, Monero, Litecoin, etc. . Non-mainstream digital currencies also have a relatively strong trust endorsement, especially the founders who dare to innovate continuously on the basis of Bitcoin, especially in the field of DEFI and NFT, which are also acceptable by many people, such as UNI, SUSHI , FTM, CRV, etc. The rubbish coin is pure violent marketing. There is no well-known team, no economic model, and pure plagiarism. Some will not give you tokens, and some will just run away. The entire publicity process is simple and rude, with one purpose: please Add bitcoin to my wallet address.
Has everyone been deceived by altcoins again? Please report them and tell more people not to invest
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