Topic: Crypto market is drowning from tokens. - page 3. (Read 546 times)
Crypto market now is drowning from tokens , because there are so many ICO projects that are successful in their launching and their tokens are no other way to go but to the different trading sites and markets that receive the tokens that is why , the crypto market now is drowning with many ICO tokens.
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?
Are there any solutions about this problem that we, the users in this forum, can do?
The point is that people see that they are able to create value out of nothing by simply writing the software which is why you have many premine coins now. Because developers are doing everything to promote the coin and get money get rich and buy lambo tomorrow. Because of this noise it is hard for projects with potential to break through and simply push the crowd and get recognized. Not to talk about ico's that are simply raising money because they can and raising more than they need. So you see we are headed off the path and something has to hit the market to drawn all the bad projects.
the possibility is so because what I see with the current crypto market decline token prices is increasing and so very difficult to push a good project to get his rights because they also do everything to earn money and with this, in the end, the market declines and token prices are expensive
This is an unregulated market, there's nothing we can do about it. And instead of looking for solutions to this "issue", we should let the market decide whether those shitcoins/tokens survive or not...but I'm pretty sure that more than 95% of those new coins/tokens showing up everyday will most likely dissapear in the long run.
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?
Let's be honest, most of the people in this market are not looking for a coin/token with a real world use case, no one cares about that anymore, people are more interested in making money with cryptocurrencies. 
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?
Tokens are becoming a real problem especially ERC20 tokens they are easily made and nowadays companies just create tokens without any project behind or an inexistent project and make an airdrop/bounty for it so they bring more attention to it.Now it becomes hard to pick good tokens or ICOs especially for new investors which makes it bad if you just take a look at etherdelta or forkdelta you can see that 90% of the tokens are bad and worthless. Are there any solutions about this problem that we, the users in this forum, can do?
Yes the market is overburdened by the amount of coins. Are all useful in real-life? Pretty far from that, I'd say around 5% of all on coinmarketcap have some value to be used on platforms for payments, utilities and such. Oh it's 1650 tokens on CMP now, well 1 month ago it was 1550, that's getting higher by the day. Well, a nice round number for me would be around 1000. Also, it is true for buying the wrong tokens, I heard a lot of stories about that.
Having a lot of cryptos on the market is a good thing because it gives a lot of choices to investors. However, negative is that there are many potential altcoins, if the choice is not accurate, will surely lead to losses. So you should study and research carefully before investing in any altcoins because high or low profits will depend on your choice of cryptos investment.
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?
Are there any solutions about this problem that we, the users in this forum, can do?
That is why its very important to do a thorough research first before engaging yourself into crypto. There are some people who just wanted to go dive in the ocean due to the hype of cryptos even if they don't have any knowledge about it. When it comes to investments we need to really be careful to place it in an investment vehicle that will really let us profit since crypto is not a game it is a currency and its value is very volatile.
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?
Are there any solutions about this problem that we, the users in this forum, can do?
True it bring a lot of confusion. Look at what happened to a lot of investors turning into Bitcoin Cash instead of the true Bitcoin. Some of them thought they were in the right lane and yet they find out late it was not the real bitcoin.
Same with ICO but you cannot stop it.
All you have to do is filter it yourself of whatever you want to support.
Make a list of your own which have the real usage in the future instead of just guessing. Do not be blinded by hype.
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?
I Have seen a lot of tokens like this. and yes its really confusing to the fact. that sometimes, you could send a different token (from what you thought it is listed) to an exchange.Are there any solutions about this problem that we, the users in this forum, can do?
however, at the end of the day. investors and traders. should really check and do a couple of research before buying and of course the fact it is confusing.
i might say as a member of this forum, we couldnt do anything about the massive volume of new projects. its like 4 or more a day is getting created.
but all we can do is, we could try to educate some investors if given a chance on how to figure out the confusion. and for ourselves too. we could gather our knowledge here at the forum regarding this variety of tokens.
but still we couldnt do anything to stop or lessen the confusion.
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?
Honestly, only a little percentage of the total existing coins in the market is very useful. There is a lot of coins have the similar ticker and that's why everyone needs to be careful to check the ticker again for the second time. But remember there is a lot of people have been doing a double checking anytime. they need to be careful before trying to do anything. Are there any solutions about this problem that we, the users in this forum, can do?
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.
There need to be regulation and policy in the system then individual will not just wake up and decide to do what they like, reason why government does not take the crypto space serious, there should be check and balances, several ICO coming up and developing a token that does not have a strong background.As the crypto space evolve sure drastic changes will take place that will enhance the crypto development, else the sector will keep suffering setback.
I am sure that over time, most of the tokens will not withstand changes and competition. These tokens will simply cease to exist. I also think that in the future there will be more sophisticated tokens that will set a new standard. In five years there will be no more than two hundred tokens.
Haha, how much already in this world of different names came up, and now the creators have to invent completely stupid names for ICOs.
It's normal that there are so many tokens, need to be more careful and look what to buy. Those who confuse tokens are very inattentive people, if would they had not lost money here, they would have do it somewhere else
It's normal that there are so many tokens, need to be more careful and look what to buy. Those who confuse tokens are very inattentive people, if would they had not lost money here, they would have do it somewhere else
I agree. The influx of new tokens is deluding 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?
Are there any solutions about this problem that we, the users in this forum, can do?
there is nothing the users in this forum can do, it will happen by its way, all we can do is just wait and be patient until the market recover itself and the price of altcoins will rise and increase again to the peak.
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?
Are there any solutions about this problem that we, the users in this forum, can do?
there is nothing the users in this forum can do, it will happen by its way, all we can do is just wait and be patient until the market recover itself and the price of altcoins will rise and increase again to the peak.
I can't disagree with you on this one, it is true that there is way too much altcoins in the market right now, more are even pouring in. This is why the prices of coins are suffering so much because with so many coins, the money in the market is distributed amongst all of them so much that there is not enough concentration of money in the major coins for us to see an increase in prices with them
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?
Are there any solutions about this problem that we, the users in this forum, can do?
The point is that people see that they are able to create value out of nothing by simply writing the software which is why you have many premine coins now. Because developers are doing everything to promote the coin and get money get rich and buy lambo tomorrow. Because of this noise it is hard for projects with potential to break through and simply push the crowd and get recognized. Not to talk about ico's that are simply raising money because they can and raising more than they need. So you see we are headed off the path and something has to hit the market to drawn all the bad projects.
Your question seems a little bit strange... Do you also think that we should start fighting with Canadian Dollars, as there are also US Dollars, and this situation may lead to some confusion, foreigners may buy US Dollars before their trip to Canada, so the best way to prevent it is to change the name of one of these currencies?
We should first of all fight with scammers and their fake ICOs, spreading info about them, not just ignoring all of them. Then all the investors will know about fake "Quark", so they will check it twice before buying.
We should first of all fight with scammers and their fake ICOs, spreading info about them, not just ignoring all of them. Then all the investors will know about fake "Quark", so they will check it twice before buying.
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