Topic: Crypto market is drowning from tokens. (Read 532 times)
It’s a matter of fact that is drowning but people can’t do anything except other people stop their activities. Based on this the price of the coins are also suffering that’s why we should think about this problem and find solutions so that the price will increase in future.
There are 80 000+ ERC-20 tokens already. There is nothing we can do. If some bought the Quark instead of Quarkchain I feel sorry. Perhaps, Quarkchain could make a note in their documents or smth like that.
For example, they wanted to invest their money in Quarkchain, but bought the Quark instead. Which is a totally different coin. I know that it is probably the fault of the investors for not double checking the coin, but too much coins in the market also plays a big factor.
Yes, that's definitely the fault of investors who didn't bother about distingiushing QKC (which is Quarkchain) and QRK (which is Quark).If one is not patient enough to analyze and at least rememeber the names of the tokens he would not be able to achieve success in crypto market.
No, all the coins are not daily usable. Only a few of them can be used for daily activities. Many investors believe that there should be some kind of standardized systems to find them.
Under the same name, tokens were already produced, for example, NTK. This Netkoin and NeuroToken. And the names may differ on different exchanges. And in the future, this confusion will only increase. Why not introduce a single database of names and abbreviations of tokens, so that there is no such confusion and everyone would follow the same rules?
ndeed there are currently a thousand more coins registered in coinmarketcap, not all coins that can be used in everyday life but many coins are used as an investment in the future,
There's nothing you can do about it. Just use those coins that you really think are good. Ignore what the incomprehensible projects.
Well, I agree with this point. As there are lots of coins in the market and each and every day they are offering new coins. Moreover the names are almost same it creates a big problem for the investor. I think the coin market should regulate this things for the progress of the market.
As we can see, there are lots of coins that are being offered in the market every single day. Does every single coins that are in the market really usable in our daily lives? According to Bitcoin.com, the enormous number of tokens existing in the market is currently bringing confusion to the investors. For example, they wanted to invest their money in Quarkchain, but bought the Quark instead. Which is a totally different coin. I know that it is probably the fault of the investors for not double checking the coin, but too much coins in the market also plays a big factor.
Are there any solutions about this problem that we, the users in this forum, can do?
not all of them are really useful. but those who are not really useful and doesnt even have a space on the market are the coins that is easily forget by the investors. Are there any solutions about this problem that we, the users in this forum, can do?
Well we could still expect more tokens or coins in the market because there are many ICO nowadays being introduced. Anyway this is just normal because the scope area of this coins in the crypto market is all over the world. The projects are being implemented in the corners of the world. Actually i am hoping if there are projects related to crypto here in our country that might help me also to get ease in doing transactions with the project like crypto convenient store or any crypto establishement.
The only thing we can do is to gather so many knowledge and experience. After achieving sufficient knowledge, we can be able to differentiate the real coin vs the fake one. But I think the resource are limited.
they have an idea so they start ICOs to raise funds to support and develop it. it will not stop and will continue because human don't stop thinking. about the names it is either the strategy of the project or a scam.
Actually i have been thinking that for quite sometimes because many coins now are almost same name or same abbreviations and if you dont take more care you can buy a wrong coin for investments.
Always tale care on reading brightness those names,but this is not enough reasons for market to drown because this is isolated cases,market drops because of fluctuations and nothing else
Always tale care on reading brightness those names,but this is not enough reasons for market to drown because this is isolated cases,market drops because of fluctuations and nothing else
I believe that everyone needs to be more attentive and check several times where you are going to invest. New ICO will continue to appear , which means that there will be even more coins on the market. Perhaps in due course regulation will be introduced and the scam coins will disappear. Well, for now, you need to check everything 10 times.
As we can see, there are lots of coins that are being offered in the market every single day. Does every single coins that are in the market really usable in our daily lives? According to Bitcoin.com, the enormous number of tokens existing in the market is currently bringing confusion to the investors. For example, they wanted to invest their money in Quarkchain, but bought the Quark instead. Which is a totally different coin. I know that it is probably the fault of the investors for not double checking the coin, but too much coins in the market also plays a big factor.
Are there any solutions about this problem that we, the users in this forum, can do?
We can simply not invest a lot of projects, but create a list of fifty and everything. The rest will not receive support and collapse at the stage of development, another thing is that there will be contradictions in the list of ico. Are there any solutions about this problem that we, the users in this forum, can do?
I personally did not encounter such errors. I think that you just need to be careful and then you will not get into this situation
I mainly think that a Altcoin or token can be easily created by people. And put into the market to make a quick profit. Many of the names created are easy to remember. This can reduce a lot of promotion. I hope you will be careful when investing in a Altcoin or token.
Mainly people of the market is the main responsible for this problems based on this many crypto users are suffering for scam and fraud projects based on this types of token infected the whole crypto market because this discourage people to invest. SO if we can avoid this we can earn more profit.
This is not correct, because in fact the names are different, carelessness is allowed. I agree that this is puzzling, but the projects are different and their harmony is a kind of coincidence
Yes this kind of true that too many coins are creating problem. I think there should be a naming convension which all must follow so that the investors can easily pick the one required without being confused with so many coins.
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