Dead Coins: Over 50% of Cryptocurrencies Have Failed - page 2.

odunybiz

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Quote from: trendcoin on February 12, 2024, 06:26:05 PM

Actually, we want to call 99% of them dead or scam coins, but official statistics tell us that only 50% of them are dead.

Altcoins are a bit of a risky area. Before investing in altcoins, it is necessary to make some examinations and evaluations. As the market is still in its infancy and scammers have a voracious appetite, inexperienced investors have to travel through a minefield. I tell everyone around me who asks me for advice that this is a very good market, but it is also a very risky market.

Altcoin remain a very risky market and that is why it's not advisable to invest all capital on altcoin. Altcoin may make you rich or poor within a second. The most annoying part is how easy people can be gotten scammed with altcoin.

mdzahed134

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Quote from: Rehan Zakir on February 06, 2024, 01:22:48 PM

Many cryptocurrencies are available in the market for scamming users. They often run multiple presale events and, once they receive investments, they disappear with people's money. Then, they start a new project under a different name to scam again. These actions are unfair to crypto users.

Yeah, that's so true because thousands of coins are listed on the Coinmarketcap or Coingecko but i think top 100-500 coins still surviving on the market others most of the coins seems dead, because there are many coins are getting listed on the market then the old coins lost their position. But pre sale era ended back in 2017. Now people's will never make a investment without research, especially now no one will put money in the unknown project.

Wildwest

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Quote from: zasad@ on January 18, 2024, 11:30:54 AM

https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed
"How Many Crypto Coins Have Died?
Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.

Most dead cryptocurrencies came from projects launched during the 2020 - 2021 bull run. 7,530 cryptocurrencies from that period have died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. Over 11,000 cryptocurrencies were listed on CoinGecko during the previous bull run, with ~70% having shut down since."

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Officially, only 50% are scam and unsuccessful projects

They have summarized cryptocurrency data that almost half or 50% of projects and tokens that have entered their radar have failed, this is no longer a small number of incidents that we should be concerned about. Events that have clearly failed will have a bad impact on the outlook for cryptocurrency and it is even very difficult for new participants to want to start. dabbling in the crypto world of the future.
That's not to mention those that are not on their list, but in the future, if there is a recap of the data, failures will still happen a lot.

Tahid12

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Uncounted Numbers of dead altcoins are still my wallet with no value. I bought these altcoins from market and many was from bounty token. OP your graph shows a lots of altcoins scam in 2020 and 2021 cause scammers Target bull run session to attract investors. But your graph shows only 1450 total in 2017 and 2018 . But in reality, that time Project run ICOs where most of altcoins were scam without going on exchange. And 2021 graph shows lots of altcoins cause that time IEO came and altcoins had to get listed on exchangea for their sales. So more than 70 altcoins failed in my opinion

KennyR

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Quote from: trendcoin on February 12, 2024, 06:26:05 PM

Actually, we want to call 99% of them dead or scam coins, but official statistics tell us that only 50% of them are dead.

Altcoins are a bit of a risky area. Before investing in altcoins, it is necessary to make some examinations and evaluations. As the market is still in its infancy and scammers have a voracious appetite, inexperienced investors have to travel through a minefield. I tell everyone around me who asks me for advice that this is a very good market, but it is also a very risky market.

During the days of 2016, it was possible to see every project turn out to be successful, unlike the product of the project. By then, there was not much cryptocurrency, and more giveaways were taking place. Slowly, the market began to be complex, and competence started to increase with more and more projects existing effectively. This is where the successful ones started to stay alive and the rest started to fall off. Coins that were in good position during the year 2016 were nowhere in the market.

Dave1

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It is what it is though, that is the nature of cryptocurrencies.

If you don't get the support, then literally your coins are going to be dead. If devs abandoned it, then the same case.

If you are one of those that faces stiff penalties or even sued by regulators like SEC then your project will be dead. So there's a lot of reasons to, but the thing is, if there will be one dead coins, a hundred could sprout out and test their luck in this space, so it's going to be cyclical.

trendcoin

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Actually, we want to call 99% of them dead or scam coins, but official statistics tell us that only 50% of them are dead. :) Altcoins are a bit of a risky area. Before investing in altcoins, it is necessary to make some examinations and evaluations. As the market is still in its infancy and scammers have a voracious appetite, inexperienced investors have to travel through a minefield. I tell everyone around me who asks me for advice that this is a very good market, but it is also a very risky market.

albon

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Quote from: zasad@ on January 18, 2024, 11:30:54 AM

Officially, only 50% are scam and unsuccessful projects

Perhaps this percentage has increased now.

According to the article you mentioned and the statistics and data. Although it is unpleasant information for those interested in altcoins, it will be a deterrent for them not to invest in new altcoins, especially meme coins, and not to invest in any project randomly without reviewing the project details and what it offers to the industry and conducting the necessary research.

What I see is that since 2014 until now, many altcoins have disappeared; some turned out to be scams, their teams abandoned some for reasons that led to their failure, and some died due to market conditions and investors' lack of interest in the project's token and the lack of sufficient liquidity to finance and develop the token project. Can you calculate investors' financial losses in these dead/failed tokens now? This lesson makes any investor highlight the top altcoins in the market and monitor the token team's movements and new updates. This will be a safer solution than the unknown tokens that are listed for free on Coingecko and that only make false promises to investors.

cryptodude

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The cryptocurrency market has seen a proliferation of projects over the years. But a significant portion of them have fallen. Based on various analyzes and opinions it is known that more than 50% of cryptocurrencies can be classified as dead coins. Which means they are no longer actively traded or maintained. The volatility and speculative nature of the cryptocurrency space has contributed to the demise of many projects. So do your own research before investing in digital assets.

Nikita2024

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There are so many dead coins because not all the coins will be able to survive during the fall of the market. That is why there are so many dead coins.

bitbollo

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https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xjmjlgd
https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq

I wrote an article on this topic a few years ago
(taking as an example the period of the most suggested ICOs in 2017 here on the forum, visit the article for the various details).

TOTAL PREDICTIONS =834
TOTAL Negative PREDICTIONS =469
TOTAL DEAD PREDICTIONS =77
TOTAL Positive PREDICTIONS =110
TOTAL Not Listed = 8

in the last 3 years I am sure that the number has grown (negative/not listed/ dead) as at the same time many of these cryptocurrencies have such a minimal valuation as to be practically zero (no markets available, there are no buyers etc).

tygeade

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Quote from: justdimin on February 09, 2024, 03:21:51 AM

Quote from: wxa7115 on February 06, 2024, 10:41:54 PM

We can safely conclude that the numbers are even higher than that for two reasons, to begin with, this only considers the coins that have already died, but it is safe to say that more coins of those that are still alive will disappear during the upcoming years as they are replaced by new projects.

And second, those are only the coins listed on CoinGecko, so all the coins that were not listed there are not being taken into consideration, and it is safe to assume that if a coin could not even get listed there then its quality was quite inferior to the coins which could get listed and it should have disappeared already.

I agree, at least 90%+ of them died, the reality is that we are just talking about the ones with some name and some cap, there are so many that died right after they released as well, they just got the funding and left, which is why it is not really all that much of a big deal.

I get that people may overreact to it, but the reality is that we are not going to end up seeing any big number with the sustained ones, it is so easy to make a token and this is why many people try to start their own and get rich for it, and fail. It's such an easy thought to say "maybe we should start a new token, people will fund us, and we will be rich!" it takes 10 minutes to create a token, so it is not really something that would not be all that easy.

The world is filled with tokens, this forum if you check the altcoin section is filled with altcoins that are dead, it's basically a graveyard of tokens. The only thing that could help everyone here is the fact that we would not be really doing anything that would be acceptable for the long term if we invest into something small, and yet could make some return if we could end up with short term trading.

If you buy something that looks too dangerous then it may still make you money within a week, we have no proof of that but it also doesn't mean that it won't happen neither, that is why it is so important. We need to be careful about it no matter what. Short term traders, even launchpad investors, could make money from anything.

Strongkored

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Quote from: Rehan Zakir on February 06, 2024, 01:22:48 PM

Many cryptocurrencies are available in the market for scamming users. They often run multiple presale events and, once they receive investments, they disappear with people's money. Then, they start a new project under a different name to scam again. These actions are unfair to crypto users.

The development in cryptocurrencies where developers can use the network of other coins to create tokens has resulted in many projects appearing because the manufacturing costs are easier and although they have roadmaps and whitepapers, most of them are just copies of existing projects and many of these projects have no use case so they are only created to cheat.
Investors remain interested because they also see the opportunity to make quick and big profits.
50% is a very large amount and if the consideration is how the coin/token has experienced a price decline then the percentage will be much higher because we see that many coins have fallen by 99% in price and it is impossible for them to rise to their initial price so this can be said to be a dead coin and a failed project.

justdimin

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Quote from: wxa7115 on February 06, 2024, 10:41:54 PM

We can safely conclude that the numbers are even higher than that for two reasons, to begin with, this only considers the coins that have already died, but it is safe to say that more coins of those that are still alive will disappear during the upcoming years as they are replaced by new projects.

And second, those are only the coins listed on CoinGecko, so all the coins that were not listed there are not being taken into consideration, and it is safe to assume that if a coin could not even get listed there then its quality was quite inferior to the coins which could get listed and it should have disappeared already.

I agree, at least 90%+ of them died, the reality is that we are just talking about the ones with some name and some cap, there are so many that died right after they released as well, they just got the funding and left, which is why it is not really all that much of a big deal.

I get that people may overreact to it, but the reality is that we are not going to end up seeing any big number with the sustained ones, it is so easy to make a token and this is why many people try to start their own and get rich for it, and fail. It's such an easy thought to say "maybe we should start a new token, people will fund us, and we will be rich!" it takes 10 minutes to create a token, so it is not really something that would not be all that easy.

MegameSama

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maybe that's what was recorded on coingecko, not outside of cmc and coingecko, I think the number exceeds that, the meme token hype was really huge a few years ago, especially on the bnb network, maybe every second a project appears where it's not clear who the developer is, who the team is. behind, WP, they don't even have a website, with a 99% chance of being a scam. That's why it is very important to analyze before entering a project so as not to fall into this 50% scam. Or if you want to be safe, just look at the top 20 CMC, I think they are the safest.

strunberg

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Quote from: crwth on February 04, 2024, 12:20:14 AM

Thanks for giving this reference OP. It's a great thing to ponder about and it just shows how much a lot of people have rode the hype and probably made a plan to create something that hopefully would stick. It's just that all around the world, the ones that would stay are the ones who have a lot of backing and maybe the most unique way. I do hope that there will be a way to determine what cryptocurrency will stay.

It's important to note as well that a coin could have failed but it might not be a scam it is still important to be vigilant

There are some or maybe most of the token founders who just want to make a profit and steal as much money as possible from investors. Some founders don't have long-term targets. They are the same as a Ponzi project in that they only want to deal in their tokens when the market still provides a reasonable price. That's why I think the old tokens that are able to survive are those that really have the ambition to become leaders in the crypto market with the various innovations they have made.

Nechiequ

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Quote from: Rehan Zakir on February 06, 2024, 01:22:48 PM

Many cryptocurrencies are available in the market for scamming users. They often run multiple presale events and, once they receive investments, they disappear with people's money. Then, they start a new project under a different name to scam again. These actions are unfair to crypto users.

I was surprised to see the data that OP made, I didn't expect it to be that much before I thought the scam project was not so booming.
Seeing this @Rehan Zakir it's sad that something like this happened, I think this is a very extraordinary level of marketing but there are parties who are disadvantaged as you said, still better those who enliven it in a free way, such as participating in airdrops and the like, but the worst thing is that they invest and get stuck and can't even be resold and even die like OP posts reported.
To be honest, I have participated and even experienced similar things where their coins die and are very detrimental to many parties. But from that experience I learned that most of them are the same people with different names. Therefore now I am more careful in choosing new coins even though they look very potential in a profit, we better stay away from them than regret it later.
For me now, I only follow those who have guaranteed quality.

SandrCrypto

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Such kinds of cryptocurrencies do not have any practical use, that is why they failed. Cryptocurrency must have any practical use.

avp2306

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Quote from: tengui on February 07, 2024, 06:24:28 AM

Maybe after this there will be an increase in dead projects because ahead of bullish 2024 there will be many new projects released and it is very possible that investors in old projects will switch to investing in new projects. or another possibility is that many new projects become dead projects because they fail to gain popularity and cannot compete with old projects.

I find it normal incident to happen since once there's speculated bull run to come, there's a lot of scam devs came alive again and try to create scam tokens to deceive people. That's why we can see a lot of them just came out of nowhere. Right now we can see a lot of meme coins exist so provably they are the one who will add up to died token list that's why we need to be cautious and careful regarding on investing on this token since a high chance for us to lose since the dev it self will do a rug pull scheme so if we are not around for sure we are candidate to became their bag holders.

Its better to be cautious and much better for us to grab those coins or tokens that already prove something and we should take extra precaution on acquiring shitcoins so that we will be safe for anything and our investments will be in good state.

tengui

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Maybe after this there will be an increase in dead projects because ahead of bullish 2024 there will be many new projects released and it is very possible that investors in old projects will switch to investing in new projects. or another possibility is that many new projects become dead projects because they fail to gain popularity and cannot compete with old projects.

Topic: Dead Coins: Over 50% of Cryptocurrencies Have Failed - page 2. (Read 1211 times)