Topic: Is the crypto market saturated? - page 5. (Read 1865 times)

The market is saturated in the sense that there are a lot of worthless projects with no future. Most cryptocurrencies are created as a means to enrich developers themselves instead of serving as an alternative financial system for the world. Providing real use cases to a cryptocurrency project is what matters here. But this is not an easy task. Prominent cryptocurrencies like Bitcoin and Ethereum have remained for long in the market because they provide real use cases for the mainstream world. On top of that, these projects are active in development and innovation. Given that the vast majority of crypto projects are useless, it's expected that the market will shrink to a point where there are limited options for traders to choose from. In the bright side, crypto's open source and decentralized nature, allows anyone to build upon abandoned projects for a good cause. The more developers work on adopting experimental features using Blockchain technology, the better it'll be for the evolution of this emerging industry.

In the end, people will decide whenever they'd want to use one coin from another. Mainstream adoption is what will determine the market's success in the future. We can have as many cryptocurrencies as we want, but only a few will be used in the real world. I think that the diversity of crypto projects help keep the ecosystem healthy. If it wasn't by that, Bitcoin and other major cryptocurrencies wouldn't have been robust as they are right now. New crypto projects are known to quickly adopt experimental features that could define older projects' future direction. As long as the space remains decentralized and open source, there should be nothing to worry about. Just my opinion

It depends on what you mean by saturated, if you mean that we are too full of a bunch of useless projects trying to get money from investors and not offering anything in return then without a doubt we are saturated, however there are also a few good projects out there and we need more of those and for those kind of projects we will never reach any kind of saturation, because those projects are what move us forward and they give us new solutions to old problems that if effective similar code could be implemented in bitcoin to make it stronger and more resistant to any attempt of censorship.

Exactly. Most cryptocurrency projects out there are simply copies from one another. The fact that there's no originality on most coins, makes them worthless over time. Only a select few cryptocurrencies have innovative features which helps improve Blockchain technology for the better. I believe that the more coins there are on the market, the better the competition will be. Developers from various projects will be testing different features in order to make crypto land a better place. For instance, Bitcoin Cash is testing on-chain scaling solutions by increasing the block size. Bitcoin is doing it differently by using off-chain scaling solutions (Layer-Two). Over time, these methods will be put to the test in order to determine which is the most secure and efficient to scale other Blockchain networks in cyberspace.

All in all, coins that are unable to provide real use cases for people worldwide, will die in the long run. The vast majority of the cryptocurrencies on the market are just speculative instruments instead of useful digital payment systems for the world. We'll end up using a very small number of cryptocurrencies in our daily lives which are active in development and innovation. What matters is not quantity, but quality. If there's quality development across various crypto projects, the ecosystem will be extremely healthy in the future. And that's what truly matters. Just my opinion

Some digital assets will eventually become an essential part of the global financial system as a digital currency and a store of value. However, the vast majority of tokens currently available on the market have no use cases and were designed exclusively for making quick profit purposes, especially in 2017. Over time, the crypto market will become more efficient (and regulated) and I assume the digital asset prices will eventually start reflecting their real intrinsic value.

I don't agree if Stellar, Waves, Tron and NEO do bad product promotions.
Some of these platforms have their own advantages and spaces and currently the most prominent and most aggressive in promoting and creating new ecosystems is TRON. Tron is currently looking very forward with launching several DEFI ecosystems developed by Justin. About ethereum which is a big shadow for new beginners, it is not entirely the case, many have collaborated with ethereum and are in its network, ethereum at this time also cannot be counted on because the network fee is too expensive. Ethereum's competitors will continue to emerge. Tron is the most powerful competitor today.

Worse is that the project might already have a mainstream counterpart, which is never going to be beaten by the cryptocurrency funded new entrant. This is just not possible because of the economic division of fiat and crypto. Crypto-projects will remain a niche group and followed only by crypto users. This might change in future but whether such projects can be able to compete is a different question. Thus the more number of different teams working to a same goal-based project, the lesser the chance of any of them being successful because they end up all being failures/bankrupt.

Therefor the reason that all altcoins are going to be a loss, so dump them when you have the chance.

Nope, markets are never saturated. It is the people desire to trade that can get saturated due to a stagnant market.

I understand that many tokens are like copying and pasting the project, because most of them have one path or even the same concept in development. Every day many projects appear and every day there are also tokens that cannot survive in the cryptocurrency market and become shitcoin. Market saturated? I think if we look at some crypto exchangers then I think it could be, even for a decentral market exchange.

I supported what you said because the new project owner are not the one that saturated the crypto market cause if the exchange site doesn't welcome their project with open arms they will shutdown their project sooner or later.
This reminds me of the statement Cz_Binance made on Twitter about the Defi project that they are risky and investors should not invest in it because they are listed on Binance platform. Why would they list it if the future of the project is not clear.
However, i saw this thread a couple of days back which is about a project listed on CMC which not been honest about their vault storage and things are not like this before cause before CMC is enough to finalize good crypto but these days every one of them (exchange, coin ranking site, etc) are only after profit.

That's certainly true, mate. A large number of crypto projects will definitely help in the advancement of Blockchain technology. Several developers will be testing out new features in order to make crypto land a better place. Now in terms of an specific cryptocurrency surviving in the mainstream world, it totally depends on how many people support it. If the coin doesn't provide real use cases for everyday people, it'll be doomed in the long run. It's all about mainstream adoption than anything else. I think that with many coins and tokens on the market, the competition will increase. This brings a healthy ecosystem, bringing Blockchain technology to new heights.

While the majority of coins will simply die in the long run, some of them will survive for many generations. Bitcoin, Ethereum, and a few other cryptocurrencies on the market will last for long because of their constant development and innovation, while focusing on real uses cases for the mainstream world. It's not about making money, but rather how useful a cryptocurrency is for daily payments. As you've said earlier, there's a long road ahead. Considering that it's been 11 years since Bitcoin's inception, this may only be the beginning of a long and fruitful journey towards unparalleled mainstream adoption of crypto/Blockchain tech in the mainstream world. Just my thoughts

All those new coins actually do work for market to get alive again, which is why I am not against them. Sure some people may end up losing money but while small percentage of them leaves the market the others do realize that they are actually better off staying in bitcoin or other trusted big coins and that means they are back in the market doing some stuff again. This is why I do like new coins, even if I do not invest them myself at least it allows people to make moves they otherwise wouldn't.

A lot of people are moving towards USDT and other similar stuff to watch far away from the market, that is not something we could afford for too long, with new coins and new projects all the time, we are guarantee that there will always be volume in the market to help us.

Mistakes in life and regrets is part of it but at least we do still able to make money on that time.How much more for those people who do able to sold when it hit up $10+ in BTC price or even on ETH?

No one had expected for these prices to shoot up increasingly high.So its part of the process neither we do able to join or hit the pot or would really be just too early to sell.

The process would continue for all the years.Price had been always unpredictable it isnt saturated but rather too hard because there are lots of trash coins in the market at the moment.

I really think that all these new coins are making the dream of "maybe I will make 100x" alive, because let's be honest many people missed that chance in bitcoin itself, you could have made so much money from bitcoin but we sold it too early or maybe we didn't know about bitcoin, I personally could have had millions of dollars right now if I didn't sold any of my coins at all, but I did, I once bought eth at around 30 dollars for example, or bitcoin at 150 dollars, I had so much bitcoin and ethereum that I would be rich, but now I can't it is too late.

So, people think maybe they could do the same with new projects? I mean it is low chance but it is still there, even if there is a 1% chance that they could do it, they will keep on trying to make that much profit and get rich.

We should more aware of shit coins. Anyone can create such kind of shit coin for looting money. Actually at this time, a few coins are legit and potential. Deep market analysis is more important factor here.

The crypto market look saturated in the last two year but I hope the introduction of DeFi will bring back the investors in the market and we will have money back in the crypto market. The total market cap is still near 3.5 and it will continue to rise in coming days.

Right, for me it's not saturated too, even though there are projects that are getting delisted in some exchanges because of the low volume and no demands at all, there are always new project that will eventually emerge with the same idea in the crypto market and you can see that the demand of other coin is still there that's the cycle of it, but somehow there are projects that turning it into a saturated market because of it's reputation, but it is what it is.

Nope, it isn't saturated. Remember the saying, "the more the merrier"? That's right! If we were to put a verdict on it and closed the door to other projects a few months ago because we felt the crypto space was saturated, what would've birthed the DeFis we speak of today? The ilks of YFI pairs? You get my drift now? I think we are yet to be saturated at the moment. Who knows we might soon find the coin that will conveniently rest Bitcoin if more projects keep getting coming up.

Perhaps, only a few have thought that shit, many didn't capture the real situation because they are just getting blind with money. So many projects created almost every day but none of them having such potential for along-term, and after a short show, most of them went gone. How hopeless they are but somehow people keep believing that this could save them in terms of financial support.

DeFi is having its bubble now. I can say some people are going to make money from this bubble, just like any other bubble that happened previously but whether it will be profitable for everyone, I dont think so.

Just because it is new and being hyped does not mean you should be get FOMO into it, you might very well be losing your money. With many scams centering around DeFi now after Libra and after ICO, one must be careful to put money into new DeFi tokens.

The market always has a lot of surprises and there are often new investment trends, so I think this is your chance to make money during this period. This year, DeFi can be seen as a topic mentioned by many investors and this trend will certainly bring a lot of profits to investors. One more thing, the crypto market is at a good stage and is well suited for you to hold some big coins.

The centralized exchange are making is saturated, and also the so called new project are just relying on existing code like we both highlighted. When the focus is just fixed on one area to me that can be considered saturation. Basically what happens in the space is, immediately a new trend begin to pick up momentum it because the new go to technology with little or no effort in improving that technology for the betterment of the industry but simply because the easiest way to cashout big by project founders.

Do some research, currently 80% of the project under development phase are DeFi related with no unique feature getting introduced to the current one. Is just getting irritating what the industry is turning into. The evidence are everywhere, the market is saturated.