Topic: Is the crypto market saturated? - page 4. (Read 1865 times)

It is true that there have a lot of new crypto coins arising in the market this year. I think since bitcoin or digital currency become known by many year by year more crypto coin been invented to become part of the digital market. So it is impossible to say that the crypto market were being saturated where in fact that there's a lot of kind of altcoin can be found. The only thing that the investor should consider was if the cryptocurrency that they were going to invest with will be worth it, and of course many of the investors would probably choose the most common crypto which either bitcoin or ETH.

I do not agree that the crypto market is saturated, because with many new projects, competition becomes fierce and only
the strong can survive. It is true that many new projects have sprung up, but many old projects have also died. So the current
cryptocurrency circulation is still looking good in my opinion. Especially seeing the current crypto market price that has increased,
making the crypto market even more attractive to many people. No wonder crypto demand this year is increasing, because crypto
attracts a lot of new investors.

Only those who are really deserving will last longer, its typical that some project suddenly lose their trading volume especially if that project didn't do anything to improve or to be noticed in that case that alt soon to fade away and be forgotten, they might still be listed but still will be unnoticeable unless they will do some move to be removed from their status of being a shitcoin, it's good that there is coinmarketcap that list the coins,we were able to see each listed coins performance.

One thing for sure is that investors are becoming smarter every day. We'll reach a point where the rate of new cryptocurrencies popping up on the market every once in a while, will decline by a large margin. The fact that there are thousands of cryptocurrencies and tokens combined, tells us that the ecosystem is more alive and healthy than ever. But only those crypto projects with active development, innovation, and real use cases for the mainstream word, will survive in the long run. My guess is that the top 20 cryptocurrencies by market cap will remain on the scene for a very long time, while the rest will fade into oblivion. At least, the vast number of cryptocurrencies available on the market, allows everyday people and developers to experiment with different Blockchain networks and features in order to determine which one is best for mainstream payments. Old cryptocurrencies like Bitcoin and Ethereum can adopt new coin's features if they are tested and proven to work as intended. Altcoins are simply experimental grounds for Bitcoin to grow bigger and stronger than ever.

Nonetheless, time will tell us what lies ahead with the fate of the crypto market. Everything will depend on government regulations more than anything else. If governments start taking action against centralized exchanges, then developers will be forced to list their coin "under the table" (via decentralized exchanges or P2P platforms). At this point, the number of new cryptocurrencies will decline. But already-established cryptocurrencies will continue to operate as intended. As long as the crypto/Blockchain space remains decentralized, nothing else matters. Just my opinion

Well aided the fact that everyone gets a new idea can easily make a token based on it and there is no approval or registration required since all the tokens are decentralized.

This is a more dominant reason because everyone thinks that once you an ICO you can get instant rich by getting some investors and the truth is that a lot of projects are indeed able to fool investors and raise good amount of money.

I believe the market is now getting smarter though and not every coin that comes in the market gets instant adoption, instead they have to work hard and convince investors to buy it backed by some solid product.

Junk coins will just become useless junk and then just disappear. Currently, more and more trash coins are being created. As in the DEFI platform, there are more and more trash coins and some of them are scam coins that are deliberately created to attract huge profits and then run away from investors. Such coins are only made as manipulation or as price speculation to enrich the coin maker.

We only feed those scammers to make a coin again and again. If other investors only realized that selecting of coin is not based on hype and promotion, we can avoid scam coins in the market. Further researching and buying coins on proven exchanges are the best thing to do to stay away from shitcoins. If no one will invest in shitcoins, then scammers will not make a new coin day by day.

Well as I notice nowadays, investor tend to become more smarter in selecting coins that they wanna buy. I think it is the best lesson that 2017 crashed and scam coin existence taught to us. We must not be dependent in fomo or anything else in market because at the end of the day, our profits depend upon to our researches.

This market will still run for a long time and ive been wondering on what would be the next trend after that DeFi hype at the moment.We had past ICO,IEO and now Defi
and I don't really oppose into the word that having lots is better yet there would really be lot of trials and error for the good or development.

Market is indeed saturated but it does really have that advantage on molding up something new even though most of the time projects do become repetitive or not that relevant
but theres still some new which can really be considered.

When it comes to investment then this will matter on someones decision because we do have our own will on which one we should gonna choose.

Exactly. The more projects appear, the better it'll be for the development of Blockchain technology. Developers from various projects will be testing different features in order to make crypto land a better place. But ultimately, projects that are able to provide real use cases for the world will survive for a very long time. People will get to decide which cryptocurrencies remain actively traded on the market, and which will go down the drain. Old coins usually have a higher risk of getting de-listed from crypto exchanges than others. It's important to diversify your investment into various cryptocurrencies in order to prevent many undesired situations in the long term.

Whenever the crypto market is saturated or not, that's up to the people to decide. In my eyes, it's already saturated with many cryptocurrencies and tokens available for everyone worldwide. There's nearly everything you can imagine that's based off Blockchain technology. While it's good to have many coins for a healthy ecosystem, sometimes enough is enough. I'd expect the ratio of new cryptocurrencies appearing every once in a while to decline after heavy-handed regulations by mainstream governments. Only this way, the crypto market will be controlled as developers will think twice before launching their project to the public. Whatever happens in the future, there's no denying that crypto will stay for a long, long time. Just my opinion

So bottomline is, so far we are not yet saturated as only few from those thousands alts have real usage in the market. Even if developers will launch their project everyday, they can still get their own niche as they can explore a lot of industries. The more of them, the better, as they can possibly address some issues in their respective industries. That is, if they are sincere with their mission. Look for example at the logistics and supply chain, a lot of projects ventured before on this industry, but how many are really successful in this chosen field? Hard to pinpoint, right?

That's certainly true, mate. Investors are getting smarter over time, as fraudulent projects come every once in a while. We'll reach a point where the rate of new crypto projects being listed on exchanges will decrease like never before. As far as market saturation goes, I think it's something good rather than bad since it'll benefit the development of Blockchain technology the most. The more projects appear, the more healthy the ecosystem will appear to be. Developers will work on different features that will serve as experimental grounds for other prominent projects in the crypto/Blockchain space. In the long term, only a few cryptocurrencies will survive while the rest will go down the drain. That's largely because most cryptocurrencies provide no real use cases for the mainstream world.

All in all, the decentralized and open source nature allows anyone to do as they wish. Even with regulations in place, there's nothing stopping developers from coming up with new projects over time. It'll be up to the people to decide whenever to choose from one coin to the other. Coins that remain active in development and innovation, have a better chance of becoming widely adopted in the mainstream world than those who not. Time will tell us what lies ahead with crypto/Blockchain tech's stance among mainstream governments around the world. Just my thoughts

We feel that the market has been saturated because there are numbers of crypto projects created almost everyday but many had also been vanishing. This means that we are still far from getting into that worries that sooner or later we got surrounded only by these shits projects. We can't stop these people from creating projects again and again. Because they all still be gone in the future and only reliable projects will keep alive and only the projects that investors will do.

Is that what we are looking at saturation to be? I dont think so though, I always say saturation is a myth because I have seen it myself.

What you are talking about is junk coins, accepted that they useless and get delisted and are a pain in the rear for bagholders, but you see the stock market also has some shitstocks, though in much lesser proportions. Again they are regulated by a certain body and so something would be done there to protect the rights of the investors. In crypto that is not possible, at least for now.

So I  think making the market saturated with shitcoins is a wrong usage of the terms. What is correct is that only bitcoin is the thing you need to trust for long term profit.

Now a days there are at least lesser number of coins being created every day and this is because the investors have become smarter with time and do not just invest with any new coin that pops in the market. A few years back the ICO market had so much money that you launch a fake coin for fun in the market and the investors would flog each other to invest in the coin.

The main reason why there are and were so many coins is because there are almost no rules and regulations being in a decentralized system and anyone can make their own coin and make false promises and there is no way to find them once they get their money raised. If only this was being done centralized for example an authority was verifying the projects just imagine how cool it would be, but then it kills the real idea of decentralization.

The expectations from crypto are way too high from what I have seen as people look to invest $5 and want to be a millionaire in a few months when they invest in crypto but the reality is that the growth of any coin in the market is now restricted because there are so many traders that once it comes to any exchange people will buy some part of it.

It is a 2-way sword because while prominent cryptos won't die but they will never have the same growth as a new coin in the market would and people investing and trading with crypto are usually high risk takers and love to have a more volatile and swinging market if even they loose 9 times of 10 on fake coins but the one time the coin gets big, they would be getting a huge 50-100 times of their money. That is how people think not that I suggest this method of trading in alts.

Exactly. As long as people keep pouring money into hyped cryptocurrencies with no future, scams will be rampant across the industry. New cryptocurrencies are popping up every once in a while because developers want to make a quick buck. This is largely because they know that most people are into crypto to make money fast instead of using it for their own benefit. As a result, there are now thousands of cryptocurrencies and tokens that are actively traded on the market. But the vast majority of crypto projects available are useless since they're exact copies from their predecessor. I've seen many Bitcoin-based forks (clones) being pumped up in price just because they bear the "Bitcoin" brand/name. At the end of the day, they become abandoned by the developers leaving the rest of its holders in peril. The smart money will try to look for crypto projects that are active in development and innovation. Such projects will stand the test of time, as they're continuously backed by their communities. This gives them mainstream adoption which is the key towards the survival of any crypto asset on the market.

Eventually, we'll be dealing with a very small amount of cryptocurrencies (mainly Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, and DASH). The rest will simply go down the drain in a blink of an eye. By investing into prominent cryptocurrencies (like the ones mentioned before), you can rest assured that your holdings will last a lifetime. While most cryptocurrencies will die in the long run, their developments will greatly benefit the industry as a whole. Developers from various projects can experiment with new features in order to make the crypto/Blockchain industry a better place. It's necessary to have lots of Blockchain networks around in order to maintain the competition. Otherwise, we wouldn't get this far. No matter what happens in the future, crypto/Blockchain tech will be here to stay for a long, long time. Just my opinion

It is not so much that the crypto market is saturated but rather that the tokenisation has failed to go mainstream. The mainstream has closed itself from using tokenized services. Sometimes this may have to do with a project indeed having nothing to offer, but quite often because crypto has a bad name in the mainstream. And not without reason, when we think of all those scams we've seen in 2017. Also from the investors point of view: I've encountered several projects that do have a useful service to offer but who are pivoting out of the tokenization model because otherwise they cannot find new investors.

But the above story was about tokens. The case with coins may be different. Actually crypto is still searching for the philosophers stone: cheap, fast and vast transactions. So different coin projects come up with different technologies. Many of them are still under development and it is still to be seen which one(s) will come out victorious. So the run for the hill top indeed is crowded. But eventually the race will be self eliminating.

If crypto does succeed in going mainstream you will see what happens when it rains in the desert. Suddenly flowers will bloom everywhere. And who would then say that the desert is saturated with flowers?

Creating a coin to enrich yourself will stop when we stop giving them money. Right now, there is just too many projects that get money just because they are brand new and people do not want to miss out on the next bitcoin. If you invest into something brand new and spend 3 cents per token and it suddenly becomes 3 dollars, you are 100x richer, if it goes even higher you are going to be incredibly rich beyond understanding.

Obviously 99.9999% of the time it doesn't happen, most of the time it fails and becomes something shitty but people just invest into all of them to hope maybe one day it will become something. This means developers just create something for fun, get all the money, actually do give the tokens to people and leave with the money because why shouldn't they?

One way or another, the cryptocurrency market will be overflowing with junk coins that will not be needed by anyone, and it is also likely that they will generate some excitement around themselves thanks to artificial manipulations in order to attract as much attention as possible.

I think that there are two reasons for the appearance of new coins:
1. Created a product that has no analogues.
2. The desire of a group of people to grab some of the money from this business.
Therefore, the number of coins on the market will only increase. And this will mostly happen for the second reason that I pointed out.