there will be always new projects that offer new tokens with tons of promises. they will not pay attention or care that there are many same token concepts previously because they only expect profits from the token creation and hype.
that is why we must be careful and smart to choosing the right project. or we don't need to support those projects by not buying them.
Topic: Is it good for crypto community having more Tokens & Coins as well (Read 116 times)
May 01, 2022, 06:06:03 PM
More tokens are increasing the competition between the development from any tokens. The new tokens that have similar concept means if that will be good for the community but we didn't need bunch of tokens on the market with the same concept. This is not something wrong in the crypto market. I think so many developers are also this is the best way to increase the competition between any cryptocurrency in the market.
It's good for the community as long as it will be triggering healthy competition in the market.
This will also encourage more and more people to think about which best project to invest.
It's good for the community as long as it will be triggering healthy competition in the market.
This will also encourage more and more people to think about which best project to invest.
May 01, 2022, 04:28:43 PM
I am afraid that it is not something we could decide anyway. I mean it is easily one of the most difficult situations we could consider and it means that we will have to deal with these thousands of coins and tokens coming to the market even if we do not want to. Just accept this fact and move on, everything will be much better that way.
I personally prefer if only the bad ones didn't come and the good ones came up that would be better but at the end of the day we can't cherry pick like that. So, just research them well and you will be able to either find the good ones and make a profit, or find a bad one and lose money to it as well. Not that much choice given.
I personally prefer if only the bad ones didn't come and the good ones came up that would be better but at the end of the day we can't cherry pick like that. So, just research them well and you will be able to either find the good ones and make a profit, or find a bad one and lose money to it as well. Not that much choice given.
May 01, 2022, 12:39:24 PM
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
May 01, 2022, 11:56:46 AM
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
This concepts is not near good, no matter the sweet words or beautiful blockchain explanation given to support this claims of dual token/coin; it never ends well because at the long run, project owner will find it very difficult to allow both tokens / coins complement theirselves and offer value to long term investors. It is best to flee when you see such kinds of contract or projects, it is never sustainable.
May 01, 2022, 11:37:45 AM
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
It's a technology that everyone wants now because besides the flow of money there, there is also the development of each very unique project concept so that everyone can benefit even though everyone can also be disadvantaged if they don't know how it works.Quote
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
For examples like this I can't give more understanding because they are all made based on hype so it will be easier to die and not get better developments, moreover the names are almost the same among all of them. 
May 01, 2022, 11:26:00 AM
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
Think about this, Samsung mobile phones existed because of Apple mobile products and other brands right now that produce some item so how come this will be beneficial on technology innovation? Simply by striving to be the top of there own respective industry. Competition is good to keep the level of product higher to each other same with crypto currency. They are not just a copy project but rather they make an improvement and introduce unique feature that others don't even though they have same project type.
Got your point sir that competition in market make it possible to increase the Quality in the products and syep towards the inovation. Thanks for your Point of thinking and explaining it.
Point in the Trends well i have seen many replies thanks all lf you guys. But be careful while Intrections with the new projects make deep search before your valueable investment.
May 01, 2022, 09:17:43 AM
As long as it is related to cryptocurrency, it will definitely not be separated from the community, of course the community will play an important role here. I think the condition we are currently experiencing is not the fault of the community that has a lot of tokens and coins, they played it right, but the very minimal exchange makes the coins they hold very difficult to get a price for, that's why they hold a lot of coins in their wallets because they don't can sell it.
Yes it's true as you said, because they also won't want to give up their coins just at an unreasonable price, so they still keep it even though more and more coins are in their wallets.
May 01, 2022, 08:37:54 AM
It's always good to have a newcomer but then again it depends on the quality of the project itself, more project means more option for us as the investors, but it also means that we need to do deeper and more thorough research on them. And for what I have seen in the last couple of years, most coins are just come and then gone, but the project that survive actually solve real issue, and they know how to expand and increase their value. So, more project is better, but we need to filter them.
May 01, 2022, 07:18:04 AM
As long as it is related to cryptocurrency, it will definitely not be separated from the community, of course the community will play an important role here. I think the condition we are currently experiencing is not the fault of the community that has a lot of tokens and coins, they played it right, but the very minimal exchange makes the coins they hold very difficult to get a price for, that's why they hold a lot of coins in their wallets because they don't can sell it.
May 01, 2022, 06:42:43 AM
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens.
It already happened since 2017ish, as far as I am concerned.How is it going to work in future for Sustainable Investments.
Nothing needs to be done. In the future, the noise of many useless or copycat coins/tokens will be greatly reduced. Only the fittest will survive, and in that scenario, the market cap will be much higher and stable thus it making less volatility, especially in Bitcoin.Regarding people who keep making copycat, I'm sure we won't see it decreasing though, the ecosystem built because of cryptocurrencies kind of incentivized that, whether for better or worse(scamming).
May 01, 2022, 05:33:14 AM
Well crypto is an open community, so no one can stop someone from creating their own token. So it's really up to the project itself if they want to stay relevant. They have to offer us something new, unique that has never been developed before.
In any case it's a copy cat project then it will just saturate the market. However, I don't think they will continue to live in the ecosystem. Sooner or later they will die a natural death.
In any case it's a copy cat project then it will just saturate the market. However, I don't think they will continue to live in the ecosystem. Sooner or later they will die a natural death.
May 01, 2022, 05:22:18 AM
The growth of total tokens in the market didn't give a good impact. Many of these tokens just like a trap for so many newbies that newly joined in the crypto market. You must also read soem old thread in here where the newbies were complaining about their money already gone caused by they have been invested in the wrong project. Scammers are creating so many fake tokens to be spread into the market. This has become the main problem that will never be fixed as there were so many awareness for the newbies not to invest in random project. I think that this gives advantage and disadvantage to the crypto market.
It seems like that if people are still seeing this as an opportunity to make money. I know that also some may seeing new token as money machine.
It seems like that if people are still seeing this as an opportunity to make money. I know that also some may seeing new token as money machine.
May 01, 2022, 04:36:48 AM
More coins and tokens more opportunities, that's the way I see things with crypto, apart from BTC that deserves to be forever hold every other altcoins are just an opportunities and all thanks to BTC because if BTC isn't appreciating in value other altcoins will be performing very bad just like what's going on right now.
May 01, 2022, 04:26:08 AM
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
Think about this, Samsung mobile phones existed because of Apple mobile products and other brands right now that produce some item so how come this will be beneficial on technology innovation? Simply by striving to be the top of there own respective industry. Competition is good to keep the level of product higher to each other same with crypto currency. They are not just a copy project but rather they make an improvement and introduce unique feature that others don't even though they have same project type.
...Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
As a rule, copies of coins will not be able to surpass the original, since they do not carry anything new. The only goal pursued by the organizers of such coins is to make a profit using the hype around the original coin, and in some cases simply mislead the investor so that he buys a similar copy.
There is no need at all. In fact bitcoin itself could have fulfilled the worlds hunger of having free flowing money. Let’s not get into the argument that bitcoin is limited in number and how everyone can benefit. Actually this is one of the pillar of bitcoin which will make it highly rare and valuable in the near future. We have already divisions of bitcoin down to the Satoshi and more over no one ever decided how much far one satoshi could go. Could be hundred thousand etc. So there was virtually enough money for everyone.
However the projects started coming up as an ideology of oneself. Many of them just out of making money and most of them are some high tech trying to be billionaire through their coins or tokens.
However the projects started coming up as an ideology of oneself. Many of them just out of making money and most of them are some high tech trying to be billionaire through their coins or tokens.
As long as the competition will remain healthy and the increase that happened with the total token that available in the market was not a bad thing. The problem is when the shit tokens were flooding the market. I know that this ever happened before but it seems like that the growth was not so crazy like what happened last year when doge coin has become the new trend. I have no problem with the total token that is increasing drastically. As long as the new token was doing it by themselve and never tried to blatantly fully copy and paste another project like plagiarizing whitepaper and many more.
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
The market of Cryptocurrency is open For everyone. Blockchain itself is revolutionary and this new chain can only grow as long as people buy or invest in newly emerging coins. And in fact, the blockchain industry has been steadily growing since its inception. On top of that, mainstream media coverage is also helping to spread awareness about blockchain and cryptocurrencies around the world.
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
maybe this is the golden rule. the copy will never be as successful as the original coin. bitcoin with bitcoin cash, doge/shib with other meme coins, ethereum network with other smart contract projects, and all innovations of blockchain technology always have a copy. and that's normal because there are no restrictions on copying and so on. but it's important to know though that nothing has ever been more successful than the original coin. so also your worries about the number of coins or tokens that will be released in the future and how we can make an investment plan. look for projects that actually have major innovations and breakthroughs, making sure that they are the first to find them. and don't try to buy copy coins or look similar to an existing project, don't even try. if you do this you won't have to worry about how many altcoins will be released later.
Even if we don't want to have it, the source is open and it's easy to create a token on popular chains, even newbies who do not know how to code can launch their own token with the help of freelancers.
We already have thousands of known and unknown tokens and there will be coming more because there is money to be made and each industry and concepts and influencers want to have one for their own community or industry, and we are in a decentralized space everyone is free to do what he wants to do with the open-source.
It's everyone for himself and it's your responsibility to yourself to check what tokens are worth supporting and investing in.
We already have thousands of known and unknown tokens and there will be coming more because there is money to be made and each industry and concepts and influencers want to have one for their own community or industry, and we are in a decentralized space everyone is free to do what he wants to do with the open-source.
It's everyone for himself and it's your responsibility to yourself to check what tokens are worth supporting and investing in.
April 30, 2022, 06:27:49 PM
Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
If you are putting limitation for the total tokens that can be issued and then this will not straight with the vision of blockchain to be the fully decentralized crypto. Remember that people are issuing the new tokens based on their own intention. This means if it's not all of tokens are always giving bad impact to the market. Remember that smartcontract concept and this time so many have the same concept that used smartcontract as the main thing to be developed but i can't deny when there was a new project coming and we would see a project dead. Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
As long as it was adding its unique feature and that's good but these days these copy cat tokens being used only for the pump and dump. I don't see any other reason to buy the copy cat token. People like to pump and dump token to make money. April 30, 2022, 06:22:41 PM
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
Those copy tokens will eventually die, so don't bother yourself thinking about their future because they have no future in the first place.Anyone can create their own token, its easy nowadays but of course only the good one will stay in the market and only those with a real usage in the market will be placed on top. Whether its good or not, its beyond our control better to focus your energy on a good project instead.
April 30, 2022, 06:20:11 PM
Blockchain was a Revolution in the Data transparency and the Cryptocurrencies with the Generic Technology was the revolution to the free will and flow of money.
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.
Considering the Coins and Tokens with a new concept but what with other copies. Example Meme tokens ( Shiba then Floki then Baby Shiba and Baby Floki and other folks).
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