Topic: Drawback of all new cryptocoins!Confusion? (Read 781 times)
OP's sentiment is right, the number of coins that pops everyday is not that good for the market. Most of them are scams and they really have nothing to do with the market anymore. If a newbie investor invested to that coin because he's not knowledgeable enough and suddenly that project turns out to be a scam, he'll just blame bitcoin for all of his misfortune.
Coins really a lot, and every day they become more and more. But really high-quality and promising among them a little. Therefore, it is necessary to devote a lot of time to the study of the coin that you want to buy, so as not to get caught on low-quality.
On the one hand, it's great that the topic of cryptocurrency is developing and there are so many new coins. But unfortunately, many of them can not be bought, because they will not bring you any income. In addition, it is very easy to get on a fraudulent project, they are now just a huge number, unfortunately.
Due to the fact that now just a huge amount of coins, I advise everyone to invest only in Bitcoin or Ethereum. These coins are exactly reliable and verified, so buying them is safe. But the purchase of little-known young coins is very risky.
This really can be called a problem, as a lot of coins do not deserve attention, because they are not of high quality, and most - fraud. Therefore, you should carefully study the coin, its creators, the project itself, and then you will understand whether it is worth investing in it.
People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?
In people's mind there are still many negativity about crypto i'm sure, that's what makes crypto is not going world wide right now.
I think if people already realized how good crypto is, people will use it
I do not have a very positive attitude to such a huge number of new coins. Many of them are scammers but have a very convincing PR company and people believe them and invest money. Then, when they realize that their money is gone, they are disappointed not in a particular coin, but in cryptocurrencies in General. It is very sad.
crypto money is now a lot that ends in fraud, but it's not the fault of bitcoin, but this is a warning to investors to be more careful in investing, must be more thorough and do research first before making an investment, not just throwing money for investment that doesn't exist Fortunately.
People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?
yes sometimes indeed things that have potential such as cryptocurrencies can be damaged by some people who try to overthrow so that the purpose of crypto itself cannot be achieved, another thing is, some people just want and crypto be used as a solution for fast profit and underestimates the risk
People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?
Actually, it would really be good if the intention was right from the start. It only becomes a problem because most of the ICOs and projects which conducts crowdsale are only in it for the money. Good thing some of the many icos that spawned last year have died now.
Is good most cryptocurrencies are springing up to compete with existing ones and most importantly to offer diversity in what is already available in the market. Crytpocurrencies mostly of late are meant to be use as utility token to access platform and services provided by the project.
People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?
Actually, it would really be good if the intention was right from the start. It only becomes a problem because most of the ICOs and projects which conducts crowdsale are only in it for the money. Good thing some of the many icos that spawned last year have died now.
I perfectly understand your experiences, because I am constantly faced with different Scam. It's a shame to invest in some seemingly successful and promising project, which actually turns out to be a Scam. You have to be very careful and cautious.
You're right, with new altcoins and different ICO's you have to be very careful. Unfortunately, we live in a world where people like to get easy money and invent all sorts of fraudulent fraud. Therefore, always be careful if you decide to invest in a new coin.
Now there is a huge number of different coins. But absolutely not all of them are promising. In addition, there are a lot of fraudulent projects that are intended only for pumping money from gullible investors.
Hello,
Yes I think that it is not good to have too much crypto that pop everyday. It just give confusion, dilute the interest and when a lot of them fail it give a bad signal that erode trust in cryptos.
General acceptance is needed, but it will come from the serious project that give real new improvments and interest.
Yes I think that it is not good to have too much crypto that pop everyday. It just give confusion, dilute the interest and when a lot of them fail it give a bad signal that erode trust in cryptos.
General acceptance is needed, but it will come from the serious project that give real new improvments and interest.
I see a problem in that most of the ICO projects simply create useless products or create nothing at all in the end. ICO is the easiest way to raise money from people and not burden yourself with any obligations. I see the need only for those ICOs who are implementing blockchain in the industry, logistics and other real sectors of the economy. These are really necessary projects that will help people and will be in demand.
I think bitcoin price dont get a effect from many different crypto in market. Maybe on bitcoin dominant decrease but not with the price. Many new project will makes market more attractive and i am believe many investor attracted on this
everyone do not confuse yourself, no mattet how many alternative coins out there it nothing with bitcoin, you just cant compare bitcoin to them its the king of all coin, yes there can be one coin that is better than btc but still the trust that people on it cant be shattered. it more like an asset that everyone wants to hold because of scarcity
Cryptocurrency is the future- Bitcoin is always the king and mother of all alts those who said that altcoins will defeat bitcoin then that's really a crap message. Bitcoin protocol has more anonymous than any other cryptocurrency- satoshi is a very smart person that's why we have this cryptos in our stages.
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