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Topic: Most alts are worth Zero - page 21. (Read 30810 times)

member
Activity: 714
Merit: 14
December 09, 2018, 09:17:26 PM
Today I spent the whole day selling my Altcoins for pennies, I do not believe in many crypto projects now, especially in those that no longer follow the roadmap.
This is the main reason why it is necessary to avoid joining projects blindly. At least a personal research on the project can do some tricks which will save most of us from ending up with worthless coins on the market. Although some projects appear very promising, the failure of others are very obvious when studied carefully.
copper member
Activity: 76
Merit: 0
CAT.EX Exchange
December 09, 2018, 09:06:20 PM
The price of the alts are linked also to the developments updates. If the dev team plans to stop the development, the price of that altcoin will surely collapse instantly. Leaving the investors to the tokens and probably find a new one.
legendary
Activity: 3346
Merit: 1214
December 06, 2018, 06:02:43 AM
The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems

Yes that's true, the lifespan is only 3 to 6 months after that development has stopped and after that the dev will stop posting, and the price is dropping, and these devs will launch a new coin or will just rest, maybe spending the money they earned from their ICO, this has been the scenario this year.
copper member
Activity: 70
Merit: 0
December 06, 2018, 05:57:54 AM
Most alts are worth nothing some are just run by hype nothing else, you should pick altcoins that has real world usecase and can generate revenue for long term value
member
Activity: 252
Merit: 10
December 06, 2018, 05:45:17 AM
Because the majority of projects are scam and there are no real developers behind them. We should be very selective with projects where we take part to stop feeding such projects that are going live on one exchange and forgetting about the investors.
sr. member
Activity: 882
Merit: 251
December 05, 2018, 05:07:26 PM
And most of them are just shitcoins, which have no use in any part of our universe. Market need cleaning and there is nobody to perform it.

When these shitcoins are kicked out of the market, it will affect the prices of the other cryptocurrencies. Good and trusted altcoins will start growing faster and faster. Support reliable alts and invest in them only.
full member
Activity: 1316
Merit: 108
December 05, 2018, 01:59:35 PM
Yes, this is the root cause of the current market decline. The market has recovered its ideal and people no longer blindly buy shit coin. They are beginning to understand whether this project is a good project.
In my opinion, the cryptocurrency market fell not because of altcoins, but because of bitcoin, and more specifically due to the fact that it rose very sharply in price last December to $ 20,000. If the market did not have a hard price dominance of Bitcoin, then the Altcoins would continue to develop and grow in price. Of course, the promising projects of altcoins continue to develop and in the current state of the cryptocurrency market, despite the fact that Bitcoin drove their price to almost zero. Altcoins, and in particular tokens, must prove themselves as their projects develop, and this process sometimes takes many years. Therefore, I believe that there is no reason to say that almost all Altcoins are useless and worth nothing.
member
Activity: 555
Merit: 12
December 04, 2018, 06:29:12 PM
Lol the sad truth is that, some projects are actually scam, all the plans on paper do not come to reality. Some developers even dump their own coins or tokens, making it worthless.  The real projects do not need hype from paid reviewers, they launched their product, and it's backing it with great team effort. Let's look forward to a better crypto space in future anyway.
full member
Activity: 518
Merit: 100
December 04, 2018, 05:59:52 PM
It was obvious before. As for me, half of the coins from the first 100 are worth nothing. Of course, many investors entered these high-hype coins that were associated with the ICO. Now they understood it, but it's too late. Some of them have lost huge funds.
hero member
Activity: 1064
Merit: 500
MOBU
December 04, 2018, 05:55:39 PM
Many are worth nothing and many are very overpriced but not at all. Of course, some projects do not yet have a product but they can also release a product and grow in price it's all a matter of time. Not all projects are as bad as you think.
jr. member
Activity: 336
Merit: 2
December 04, 2018, 04:35:50 PM
I think regulations played some huge part, even though there are a lot scam in the space, there are still some few very good projects out there, I think most investors are now afraid of regulations hitting their investment and much no longer invest.
sr. member
Activity: 1610
Merit: 372
December 04, 2018, 04:30:51 PM
And soon they will be below zero. It seems that the real winter of the crypto market has begun, and there is still a storm and even more cold weather ahead. Get ready for the moment when you need to buy, so as not to regret later about the missed opportunity.
full member
Activity: 406
Merit: 100
December 04, 2018, 04:21:24 PM
The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems
You are right, they want just money and then there is nothing, we dont know what their developers are doing or are they working we dont know, generally they are collecting money and being rich so they dont need anything to do.
full member
Activity: 294
Merit: 100
December 04, 2018, 04:13:34 PM
The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems
Most coins are just empty and all participants understand this, but despite this they still invest, in the hope that their coins will be good.
jr. member
Activity: 194
Merit: 2
December 04, 2018, 04:09:08 PM
Most altcoin do not progress after their ICO launch.
Scammers are scattered all over.
This makes the very few worth it ICO to go unnoticed.

member
Activity: 442
Merit: 10
December 04, 2018, 04:07:07 PM
There are too many Altcoin in the market, and most are junk and do not really solve any problems. In addition, many development teams have dropped their coin. It is these things that reduce the value of the coin and the confidence of investors.
legendary
Activity: 3458
Merit: 6948
Top Crypto Casino
December 04, 2018, 03:38:18 PM
I un-ignored the altcoin section briefly because I had to see if I could check a member's older posts in sections that I have on ignore, and stumbled upon this thread.  Here are some of the first posts I've seen thus far, and these are why this section needs heavy moderation:

The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems
This is true for many of the coins.  There is no need to have multiple coins that accomplish the same thing.  Only time will show the real winners.
bitcoinfuji is one of them!!!

Responding to OP:  I wouldn't buy $5 worth of most altcoins if you had a gun to my head.  Bitcoin hasn't even made much progress as far as merchants accepting it, and it still remains mainly a plaything of speculators.  And shitcoins?  IF people are speculating in them, i.e., pumping and dumping them, that's all they're ever going to be good for.  And eventually people are going to figure out that they're not worth owning at all--not for the short-term, not for the long-term. 

They're not going to get used for anything, and anyone can create a new altcoin so there's no scarcity value in addition to lack of utility.  They're fucking doomed, but the market insanity hasn't died down yet. 
member
Activity: 346
Merit: 10
ASSETSPLIT ICO
December 04, 2018, 03:35:14 PM
Today I spent the whole day selling my Altcoins for pennies, I do not believe in many crypto projects now, especially in those that no longer follow the roadmap.
jr. member
Activity: 222
Merit: 1
glYff
December 04, 2018, 03:18:14 PM
The ICO bubble exploded revealing voidness and uselessness of most projects, and this is a difficult time for all of us. But it is a system's self-cleaning from garbage.
member
Activity: 434
Merit: 18
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
December 04, 2018, 03:13:51 PM
I kinda agree. Based on what I have noticed, the hype will only happen on the first day of listing and there is no followup from developers to make their coin better. This is the reason why the prices keeps on dropping because of the fact that the coin is not needed or low demand for the coin. I hate it when the money of investors goes to waste but there is nothing I can do about it.
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