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.
If you are investing in altcoin, it’s better to look for the once that have been in the market for long time, if you think you can make crazy amount of money from new projects, then you have to be prepared to be scammed, because most of the new projects entering the market are created by scammers, and some that are real might get low turnout due to most people being scared of being scammed or lack of proper marketing, but I will say investing in bitcoin is far better than investing in both old and new altcoins, because they can fail us, just that the rate at which new altcoins fail is just more than the altcoins that have been long in cryptocurrency space. 
Topic: Dead Coins: Over 50% of Cryptocurrencies Have Failed - page 3. (Read 1211 times)
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.
___
Officially, only 50% are scam and unsuccessful projects
"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.
___
Officially, only 50% are scam and unsuccessful projects
That's a big number and big losses for many investors and there are still many projects doing ICO, some of these are trending and hype coins we can hardly find projects that are as good as Ethereum or projects that have a purpose and usability, they are copy cat projects, for a developer its hard to be a successful now because of the competition and the lack of interests from investors, gone are the days when you can just clone Bitcoin and investors will come running and invest in your project.
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.
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.
___
Officially, only 50% are scam and unsuccessful projects
"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.
___
Officially, only 50% are scam and unsuccessful projects
That's a big number and big losses for many investors and there are still many projects doing ICO, some of these are trending and hype coins we can hardly find projects that are as good as Ethereum or projects that have a purpose and usability, they are copy cat projects, for a developer its hard to be a successful now because of the competition and the lack of interests from investors, gone are the days when you can just clone Bitcoin and investors will come running and invest in your project.
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 felt bad for us blockchain infrastructure engineers in 2014 with hundred of nodes
RIP engineers of 2021
RIP engineers of 2021
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
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
TBH, I thought that the percentage might be higher, but that's still a lot. Not every coin that died is a scam, that's for sure, but in the end, it doesn't really matter.
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
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
TBH, I thought that the percentage might be higher, but that's still a lot. Not every coin that died is a scam, that's for sure, but in the end, it doesn't really matter.
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
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
Another reason for this is that investor confidence has decreased as the number of scam schemes has increased over the past few years and investors have lost a lot of money. You may have seen a lot of project success during ico and after that when ieo entered the market the ico trend ended. The exchange listing from ieo was absolutely certain due to which the ico failed. However, it is expected that this year the situation in the crypto market will improve and the best projects will be available.
The number of project organisations is extraordinary, and most of these projects are fraudulent. I agree; this is what ultimately makes many investors restrain themselves and select correctly so as not to be deceived. so that many new projects emerge, no investors want to join, so they stop midway.Surprisingly, there is no feeling of regret for every project that is launched; if one fails, one will create a new project again and hope that someone will be deceived and he can get the results from the fraud.I hope that the hopes you express will become everyone's hopes that crypto will improve and many good projects will emerge. 
That’s the risk we all take when we invest in crypto. It’s no different to the old Wall St tactic of buying penny stocks. Most of them fail but if you hit a good one you will make a lot of money. I still advise you to mostly buy Bitcoin & ETH but allocating a small % to long shot cheap altcoins can be a good idea.
Indeed, because this is nothing new and there are indeed a lot of altcoins that end up being dead coins, many of them were even shot coins at the start, but with the help of hype conditions, they eventually skyrocketed to such an extent that they became a topic of conversation. But in the end, they will also fail because the fundamentals and various other factors are not very supportive and convincing for them to develop and continue to survive in the market. Because of that, you really need to be careful when taking investment steps in coins like that. And it is indeed much better to increase accumulation in Bitcoin and various other coins which make it possible to top coins with a high cap market. 
There are so many projects that cannot survive in this market. There are many things that determine whether a project can survive or not, and I think there are also many projects that are not able to survive these things. Among the tens of thousands of coins there are certainly many projects that were once very good. However, because there was no innovation and development, they eventually ended up going bankrupt. some of them may fall due to greed, corruption, fraud, and others.
However, there are many aspects that need to be considered to run a project. Apart from that, the coins that have survived so far also need to adapt, innovate, and continue to strive to develop the projects they are working on. Perhaps, currently there are still many projects that are on the verge of bankruptcy.
I also believe that there are SO MANY projects which are done in a way that they weren't designed to exist anyway, they were designed to just let it be and that is why they fail. They do not care about surviving, the point of the dev who created it was just to get funding and be rich, and after they do, rest do not matter to them at all.However, there are many aspects that need to be considered to run a project. Apart from that, the coins that have survived so far also need to adapt, innovate, and continue to strive to develop the projects they are working on. Perhaps, currently there are still many projects that are on the verge of bankruptcy.
I think that could be the most important part, and I realize that there are some who really try and still fail, but majority of the coins and tokens created were created just so the dev could make some money. At the end of the day, life is not all black and white, so we end up with bad people and some good people but also some people who are neither bad or good, just fails because in life sometimes you simply fail.
I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.
Oh, you are very correct maybe 90% or so. There are so many project in the Crypto world that are there just to entain the dev and take money from investors. Once understand this, we are going to be very smart about every of our decisions to invest in n cryptocurrency.and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.
We want to make money but we are not ready to do research and learn how and why many projects fails. Once we understand the way many of these projects are launched and the reason for that, we are going to be smart.
Another reason for this is that investor confidence has decreased as the number of scam schemes has increased over the past few years and investors have lost a lot of money. You may have seen a lot of project success during ico and after that when ieo entered the market the ico trend ended. The exchange listing from ieo was absolutely certain due to which the ico failed. However, it is expected that this year the situation in the crypto market will improve and the best projects will be available.
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very sad, yes that's how it is if there is too much hype, people will make scam coins, surely the majority of dead coins here are meme coins 
Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.
I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.
never engage in any profiteering that you don't have full understanding because those scammers and cheaters are just waiting for you to take their bait.
There are so many projects that cannot survive in this market. There are many things that determine whether a project can survive or not, and I think there are also many projects that are not able to survive these things. Among the tens of thousands of coins there are certainly many projects that were once very good. However, because there was no innovation and development, they eventually ended up going bankrupt. some of them may fall due to greed, corruption, fraud, and others.
However, there are many aspects that need to be considered to run a project. Apart from that, the coins that have survived so far also need to adapt, innovate, and continue to strive to develop the projects they are working on. Perhaps, currently there are still many projects that are on the verge of bankruptcy.
However, there are many aspects that need to be considered to run a project. Apart from that, the coins that have survived so far also need to adapt, innovate, and continue to strive to develop the projects they are working on. Perhaps, currently there are still many projects that are on the verge of bankruptcy.
I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.
The high profits they could get are not the only reason many people are attracted to those altcoins, other powerful reasons why they choose those coins is the potential to make that money really fast and to do this with almost not effort on their part.After all even if they know that investing in bitcoin can give them great profits as well, now in order to get the profits they are looking for they will need to hold their bitcoin for years, if not a whole decade, and very few people are willing to wait that long to get the results they want, and as such they prefer to invest in altcoins and hope for the best, instead of taking the safest route offered by bitcoin.
Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.
I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.
short term investors are riding the pump in the bull market. some are buying the altcoins because the price is rising so it's easier to make money at that time as what they said. altcoins that are launched in the bull market are likely going to die in the bear market while the coins launched in the bear market can possibly make it to the next bull run.
50% turned out to be scams so why is the SEC not chasing those teams by the way? if what they want is to protect investors.
Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.
I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.
I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.
It is good when we understand that all projects can not survive in the market. We need to go for the ones we feel like they would make us good profits in the market and staying too long after when we have gotten some reasonable prodits would never give us a good end if we have that kind of habits. There are some projects that are always ready to launch and after that, they would never stay too long in the market. All investment has there own risk to take. and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.
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