There are two sides to this issue, the good side that can increase the number of liquidity in the overall market and attract new investors, companies and institutions. However, there is the bad side that increases the number of scams and cheats, so i hope that good side prevails and matches a big high.
I like this part of the side too. And I also believe no system is perfect in the world. That is what we see with so many Cryptos coming into the industry.. May be with time all that will be taken care of and the scam tokens sorted out. 
Topic: Crypto market is drowning from tokens. - page 2. (Read 532 times)
Almost everyday crypro currency is investing new coins and competitions are increasing. But, a few of them can survive to this strong competition.
Does every single coins that are in the market really usable in our daily lives?
Some are useful like bitcoin but the rest are just making the crypto market crowded and they have only one the same goal and purpose. That purpose is to make money mainly for developers and for their investors.Are there any solutions about this problem that we, the users in this forum, can do?
Don't worry a solution will eventually impose and will make these useless coins out in the market.
there's nothing we can do. you have to be careful when buying. and it is better to study the cryptocurrency.
that's why I believe that being careful is one of the most important things in crypto market along with patience and nan greed
agree, do not be greedy again. I lost a lot of money on it and remembered the basic rule - fix a profit part always so that it would not be insulting in the event of a price drop!
as for me I loved one particular coin that called SPX from the Sp8de project, right now it is very cheap but it seems to have a good future
that's why I believe that being careful is one of the most important things in crypto market along with patience and nan greed
Yes, too much Coin it's also doesn't good for cryptocurrency. It's just make new coin hard to become success because of many coin. I think the next few years, maybe new altcoin will not be popular and will not be hype like now. In addition SCAM ICO also worsen the situation.
This is true statement mate, all of them have been listing and eventually and suddenly will be dump because of many sellers. They making those many projects to solve those problem in our technology but the reality is that they dont give any solutions to their own projects.
Of course not every coin in the market is going to be useful to us, the investors, or to anything else. We all see the coins that are in the markets and I hope that like me, you guys also know that the majority of those coins are frauds, only there to take your money, basically money laundering. Always double check into what and where you are investing your money. Also the crypto market is far from drowning, these coins come and go, the legit ones are on the top consistently, bringing a value and use to us.
So what can we do? We can not affect coins
Yes, there are a lot of coins on the market, and not all will remain
Just need to be more careful when you want to invest in some kind of coin
Yes, there are a lot of coins on the market, and not all will remain
Just need to be more careful when you want to invest in some kind of coin
Welcome to the world of decentralization bro where nothing is regulated. That is the only solution as far as I am concerned. It does not stop the coins or the space from being decentralized, but if the activities are controlled, from ICO to what exchanges should be accepting on their platform and the implications of coming up with shit coins or helping one into the space, then I am sure a lot of things would change.
bringing confusion to the investors.
...
Are there any solutions about this problem that we, the users in this forum, can do?
I understand your plight and how the whole space is polluted with shit coins and that is what should normally be expected from an unregulated and decentralized market which I believe any smart investor would have taken time to realize before even coming into the space, let alone getting confused like you have said. So, if anyone is getting confused, it is because they want to be confused since you said it yourself, they could have cross checked....
Are there any solutions about this problem that we, the users in this forum, can do?
However, the only solution to the problem is regulation, whether we like it or not, and the fact that we have made it so obvious that an unregulated space would not work without some caliber of people ending up polluting and bringing the negative side of it. Exchanges also have a whole lot to play as well when it comes to listing coins, but it seems they are all just after the listing fee rather than the potential of the projects or coins.
For the users in the forum, we have nothing to do that to just stay active, stop promoting shit coins and be very careful of what we invest in. Asides that, nothing else!
yeah they're good advice in this case would be to look on the address of each token you want to buy right now and see
I had the same funniest situation with Morpheus Network and Morpheus Labs, which are obviously the different projects
Nothing really we can do about it, people want to create tokens...let them...whether or not it will have any value or not is up to the market.
I think there should be some kind of naming standard or ticker registrar, something to keep someone from buying something they don't want to buy. For example the bitconnect (BCC) vs Bitcoin cash (also BCC) was confusing for a lot of people. GBX (gobyte) has another issue with some gibraltor exchange token (also GBX).
But at the end of the day its up to the investor to do their research.
GBX is also the name of the token in the Globitex project (a new exchange).Yes, with this they need to do something, for example make it impossible for the existence of tokens in the market with the same name! I think there should be some kind of naming standard or ticker registrar, something to keep someone from buying something they don't want to buy. For example the bitconnect (BCC) vs Bitcoin cash (also BCC) was confusing for a lot of people. GBX (gobyte) has another issue with some gibraltor exchange token (also GBX).
But at the end of the day its up to the investor to do their research.
In my opinion, when someone wants to invest your money in crypto, he needs to check carefully what he is going to do. for example the thing that can be done so that no one chose the crypto in question is to open the crypto website you want to buy, every crypto website must inform the details of the crypto clearly. so this can minimize the error.
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?
Yes beacuase investors will be devided in many coin /token and it will ending up more of them will be useless in the future and means it will be lost to every investors invested in many altcoin. Are there any solutions about this problem that we, the users in this forum, can do?
You reminded me when I was looking for hydro platform and bump into hydrocoin. The confusion is stiff, but the seed will always be sieved from the shaft. Good projects will always remain be careful where you invest.
In order to choose the best coin you have to analyze the ICOs with proper calculation. So to achieve the analyzing power, I think, we have to learn more and more about the power tools. It will surely help us to judge or evaluate the project and will reflect the success possibility in future.
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