Topic: Dead Coins: Over 50% of Cryptocurrencies Have Failed - page 4. (Read 1214 times)

This is normal because thousands of coins have entered the crypto market in the past few years so many old coins are now dead. Investors always buy the best tokens and they are more excited for profit so new projects come to the market offering something profitable so selling old tokens makes everyone more interested in buying new tokens.

Most of the project dies due to less demand of holders but some of them dies because they are created scam which will just collect money from users and will not provide any profit to its holders. From the year of origination of crypto there are large number of coins that did not give any profit to its costumers and died after passing through a single bear season.

Some projects are also successful because of their trend in market so when it ends such coin become disappear with little value. But still we have to take this risk because if we are not ready to take risk then our achievement will be doubtful but be careful and do a thorough research first.

The impact that brought coins to death was that most of the meme coin categories were during the hype period, thousands of meme coins created by scammers have become trash until now. for projects that have the concept of movement in their respective fields they can come back to life when the bull season comes soon. When bear season comes, most will lose innovations that haven't made a big impact. the founders waited for the bulls

It cannot be denied that in the crypto market there are a lot of coins that are useless or dead coins, this is because these coins do not have a very good contribution to the market so gradually these coins fail to compete with other coins, that's why we  You have to be careful in choosing coins to invest in, I think the coins that are in the top 10 CMC are the right choice to make long or short term investments.

That is a good point bro. these shitcoins should not be considered for long term holding or serious investment. but only for short term and only when there is a chance you see that you know you would make a profit. i would not blindly put any money in shit tokens in hope of earning profit without knowing anything.  I mean we could loose even if we do proper due diligance. but still I would not invest anything anywhere without due diligance.
and that's what everyone should do, and even after doing that invest as much as you can afford to loose. no more than that.

The most interesting thing is that at this point in time, I come to the conclusion that Bitcoin and Ethereum are the main whales in which it is best for a beginner to invest. Four years ago, I invested in several ICOs that are just scam, which makes me very sad. If I kept my money in Ethereum and didn't buy anything, I would be happy. In general, the industry has become very similar to pyramids or SCAM projects, it is faster to raise money to list on exchanges and then come what may.

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.

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.

but then, Truth is that launching a project isn’t easy at all. You’d know this if you’ve scouted for people to join your team. You’ll have to find CTO, CMO, etc. You’ll need money to promote the project too. You’ll have to hire a developer who could scam you. In fact some projects get scammed by their own developers because developers have the upper hand and can control anything to the direction they want. 

Others were just fake to the point they had the worst idea of all time, I remember when I was enthusiastic to do bounty campaigns back then, some had linked their projects to Parrots or Pigs, that's just how they belittle the opportunity they have or they just don't know what they were about to do when promoting such kind of responsibility. None of those kinds of projects has succeeded even the Greenplanet project which was created to preserve and protect trees all over the world. At the end of the day, those who have honest developers who are willing to sacrifice their money and time to improve their projects remain today.

It was said over 50% which possibly means that might only we have 10% of successful projects on the crypto market. This means also that the quality of the new projects is getting low and more chance that they will just be ignored and fail their plans due to no market support. And in the next couple of years, only Bitcoin and Ethereum remain alive and working.

We are not hoping for that for sure but it was useless and shameless to the community if we have a lot of cryptocurrencies but have no useful contribution to the market.

I believe with most coins have been died their owner created new coins again although with the previous coins have been died or scam, its bad reputation with the owner easily created new coin after their coins project before have been scam. Many cases with some altcoin scams from not trusted investor, delist on exchange and some coins faced trouble with SEC Commission such as my Centra coins have been died until right now.
Some altcoin have been died dominance with shitcoin, easily for scam although any altcoin have been listed on top exchange market but can't make stable with transaction daily volume before rule of exchange have delist.
Investor have most important effort for the future never invest with new altcoin without have good reputation with their owner, if investor more careful investing in new coins seems difficult have coins will be scam in the future.

That's why in my opinion, a specific policy should be made to keep these cryptocurrencies alive. By doing this, ordinary investors who are there will have many benefits and will be saved from financial losses.

Projects that have their own blockchain are more attractive to me for investing, because most of them have an ecosystem, even if the ecosystem is good or less, this has more long-term projects. New projects are mostly just chasing the hype of the bull season coming to take advantage and most of that happens. then stop for a while or forever. Innovative projects do need development to be interesting

However that number also tells us a lot about the ability scammers have to deceive investors, because even if were to assume there are many people that invest in an altcoin just because of a post they saw in social media, I am sure there are many investors that actually take the time to study the assets in which they want to invest.

And yet a great deal of the coins in the market are scams, to me this implies that even those investors are getting deceived, and if that is the case then this should be a warning signal for investors that they need to do a way better job or stop investing in altcoins.

During the period of bull run in the cryptocurrency world, some individuals take advantage of the enthusiasm to launch projects with the intention of scamming people. This is because they recognize that the bull run attracts numerous new investors eager to explore the crypto space. It's important to be aware that many projects may surface during this time, and some might be misleading.

What some people might not know is that the same people may be behind many projects, putting different plans into motion. These people frequently transfer their funds across projects, starting multiple projects and inflating their valuations by pumping and dumping.This entails boosting a project's value artificially and then quickly selling off their holdings, which causes the project's value to fall.

In such situations, it becomes crucial for anyone considering investing in new projects to exercise caution. Without careful scrutiny, there is a risk of unintentionally investing in a project that may turn out to be fraudulent or unsustainable. Therefore, it's essential to conduct thorough research and be vigilant to avoid falling victim to scams during the bull run or even witnessing the demise of a project before the next bull run.

It's indeed a stark reality that a significant number of cryptocurrencies have faced challenges and eventually faded away. The crypto space is dynamic, and various factors contribute to the success or failure of a project. The statistics you provided highlight the volatility and risks associated with the industry.

It's crucial for investors and enthusiasts to conduct thorough research before engaging with any cryptocurrency project, considering factors like the team's credibility, project fundamentals, and market trends.

The mention of 50% being labeled as scams or unsuccessful projects underscores the importance of due diligence in navigating the crypto landscape. This information serves as a reminder for individuals to exercise caution and make informed decisions when participating in the crypto market.

It's possible that all quantity of a product is in good quality. Take all 21 million supply of BTC for example. It's just that there are lots of bad-quality projects created on this space. Some might be good at the start but it only turned bad later on for some reasons. Why will the beginners turn away from the altcoins (all of them), when they can just do it on the bad quality ones? And in fact, beginners usually kick start their journey in the altcoins.

And it does not matter for them if the altcoin has a bad or good quality. Investors usually care about the profit, so it's still useless even if we say that an altcoin has lots of benefits or use cases. And by the way, ETH is also an altcoin. The reason why many seem to care about those newly released projects is because of the potential profit that entails with them.

I would think a lot more were in the 2014 range when the altcoin boom really came in. Coin after coin after coin most of which are gone.

https://www.coinopsy.com/dead-coins
https://99bitcoins.com/deadcoins/

No list is entirely accurate. And there are probably quite a few that are on 'life support' Not traded, not being updated, but still have a few active nodes and miners.
I can think of a couple that fall into that category that are listed as dead. Zombie coins might be a better term.

-Dave

The truth is bitter they say but if we are to be pop and plain about some altcoins project, they don't need to ever be in existence. The smart people are quick to smell them when they are scam from far but more than half of people that joined crypto today are new people and they so cherish this new project, this is why scams doesn't go down as we expected. Some projects team needs to be arrested from seeing their white paper but we want decentralization didn't we? This is what we get because nobody access them until the scam has been done before they start hunting them.

Defi was among word that successfully penetrated into the heart of many in the last bullrun. If you should check the coingecko Defi page, you will be surprised how worthless some of them has turned, some doesn't have volume, many abandoned without liquidity, no building as they promised and if I'm very sure that before the launch of this projects, heavenly promises on earth were said to the investors.

I hope that people that were here in the last bullrun are still here, some of these coins might come back and if they do, sell all of them and never look back again and if you must look for another opportunity in this new coming bullrun, please use 3 eyes instead of your 2 eyes. I mean you should do a proper research and thorough check on the team as well.