Topic: Many ALTs are worthless - page 2. (Read 242 times)
We really can't say how things will come inside crypto, who among us can deny how bitcoin will succeed when its first introduce back 2009? though you are right with your thread, there's a lots of alts that was created for nothing, or a duplicate of another coins who already exist and got some success, new developers are aiming to ride with the idea that they can create much better one but in reality there's no clear path and future usage, maybe pumped and dumped are part of this industry and like dealing with gamble people who wanted to have a quick results will still invest and see if luck will permits them to earn or lose their investment.
Many ALTS have NO value: Maybe the market will correct to this fact of life.
As long as they have market cap, they have value and price and what's better to say, they have no use.As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
Good catch as an example of a coin that has huge market cap and got overhyped by it's community. It has a price and use because of the recent news about it being accepted by pornhub, still this coin is nothing but a joke.
Yes, this is true. So many greedy team members on crypto ICO, which is 90%+ of the ICO is scam. So beware to choosing ICO Project. Know them personally.
Thats a sad fact and devs are just selling their token right after their project hit the exchanges and who will suffer are these innocent investors thinking that they are great project. So much better to just participate for their airdrop for now and not invest real money to avoid a heartache or suicide to the extent.
Coins that are freely distributed like deep onion have zero value. Or coins like Doge coins.
But remember, even bitcoins were just nothing. What make it $$$$ today?
But remember, even bitcoins were just nothing. What make it $$$$ today?
Its true some of altcoins now has no value especially those altcoins came from airdrop. Some of the altcoins is just a sample of shitcoin in other market. Some of this altcoins is just created because there are many new altcoins existed in the market they just follow with the flow. and some of it created some altcoins with no purpose they are just using it to earn money and after that they just leave their project in the air.,
I think crypto is in a creative destruction phase (https://en.wikipedia.org/wiki/Creative_destruction).
Lots of altcoins being created and will ultimately lead to the demise of the $hitcoins and $hittokens.
Only a few will survive and those that survive will thrive and will be the googles and amazons of the crypto/blockchain space in the years to come.
Lots of altcoins being created and will ultimately lead to the demise of the $hitcoins and $hittokens.
Only a few will survive and those that survive will thrive and will be the googles and amazons of the crypto/blockchain space in the years to come.
The cryptocurrency and blockchain movement has opened up a new and wide vista for many good projects to be financed by people all over the world however the ICO platform has also attracted many bad apples into the crate thus we always heard of many scams and failed projects leaving many token holders holding empty bags. And because this platform remains to be heavily unregulated, victims are becoming helpless and just accepted the fact that their money is essentially gone for good. This can be the reason why many token buyers have already left the market for good. Obviously, there are many projects that are introduced to the market for the sake of generating money and nothing else. We have to be careful as this market remains to be hit-and-miss and nobody can be sure that a certain project will really make it though we can minimize getting into bad ones by doing the necessary due diligence.
Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
You are quite right. it will take time for the market to reach real values. During this time, many tokens or coins in the market are going to be rubbish.
Absolutely correct, and like the previous bear market, many will simply disappear.
Many useless altkoins, who collected huge amounts of money during the ICO and raised a wave of fraud, represent a real problem. It may be that in a year or two they can cause "cryptodepression".
Only time removes all unnecessary garbage from the market. Only real technologies will remain with real life application
Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
You hit right, some are just a duplicate of other past projects, so if you are newbie here you will notice this, but if you are an old investor or bounty hunter you will notice that some are just creating a project that is not attainable at all, too good to be true so it's important to know who are the team behind those token/coin.
Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
Jump to: