Topic: Most alts are worth Zero - page 41. (Read 30843 times)

A lot of coins are worthless because after the ICO team they stop working on their projects and they are fading!

I agree that most cryptocurrencies are technically worthless. Only a handful of promising cryptocurrencies are sure to have real USES and real value. COINS like eth, bitcoin cash, LTC will really be around for a long time.

Yes, there are many fraudulent projects, reducing investor confidence to Alt. However, besides that there are many good money, I am investing in EOS, I believe it will bring benefits for myself.

I dont think that such a coin was just invented for nothing. They are all well planned but not all are lucky enough to live up to expectations and hit their goals and roadmaps. Others are really good but lacks the machinery to get more investors to support it. Read their whitepapers and see how they could have done it if they were successful. The competition with each coin brings some to their ends and the weak ones loses hope immediately most especially if their resources aren't just enough.

That's true. There are hundreds of altcoins on the market and I am sore that less than 10% were actually created as a new idea to help the world and not as a business strategy just to make profit from trading it. But as it seems they are holding up well because people keep trading every coin and that's going to continue since people expect to make a big profit from every single coin that is created.

This is a good list of top coins, your group knows your stuff. Also these are all unique projects. This year I saw so many projects that stole their idea from existing projects, sometimes with a few changes or „improvements“ for something that has not even launched and hence nobody knows if these products are ever going to be used.

Examples: Selfkey was followed by TheKey which was followed by Bridge (worst of them) - Look for unique projects.

I think you can't generalize all the coins that come have no clear future and purpose, indeed some ico or altcoin are sometimes only made with the same specifications and do not change, that's what you should avoid. but there are some ico and coins that have a good project and potential, it will worthed to invested

The value of a coin is depending on the problem it solve .Most of the coin are worth zero because they are not solving any problem .

Many projects can have good clear idea but the team just can't realize their idea and make working product. Every altcoin can't become successful, but some of them surely.

Yes, you're right. most of them are valuable in the beginning and there is no price at all after a few months appear in the market, most of them appear because of HYPE and also most of them are really useless.

This is partially correct as a large majority of ICO's have not gained enough adoption to sustain their ecosystems or simply don't have enough marketing to grow them sufficiently

Yes thats right but it was already in the market before and most of us saw the lowest price for this year seems luke it was a big preparation for much bigger uptrend for the upcoming years. This alts was said before in the news by Vitalik that reminds everyone to spend what they can afford and it was happening right now. I feel pity not believing on him on that because i think it was only a Fud in the market.

The majority of the whole list of alternative cryptocurrencies is worth zero, and it is not surprising, I am sure that not all of them could be strong and have potential.

After some time , many altcoins will disappear, the price of them and so fell very low .

exactly the reason why we did that poll on Crypto Australia Facebook Group (see my post on previous page) - to share insights based on the research we have collectively done. Because investing in the doomed to fail type projects is the opposite of what everyone  & the crypto industry as a whole needs.

We need everyone OUT of the shitcoins & trading over in to solid projects that have a future so people don't just lose their money, loser interest & then leave crypto for good.

We need everyone winning (instead of the banks for a change) and we need to rebuild the market cap & make it safe for more people to follow.

So just to recap - our group voted for

No.1 was Power Ledger aka POWR - (like the Airbnb of electricity = awesome real world use).

No.2 was Decision Token aka HST / Horizon State. (HST delivers a secure digital ballot box cleaning up elections in the post fake news world).

No.3 was Bitcoin.

No.4 was Ethereum

No.5 was Cardana aka ADA.

no.6 was VeChain.

No.7 was Iota

No.8 was OMG

No.9 was Stellar Lumens

No.10 was EOS

personally I had Stellar Lumens in my top 3 (so many awesome partnerships signed last month + in consideration next for Coinbase listing + just jumped Litecoin to be the No.6)

I also like AGI Singularity Net the artificial Intelligence crypto - let's at least own shares in our Robot Overlords when they come! -

And Kin - simply because they have a ready made market of 300 million users and jumped from outside the top 100 to be currently no.66 - they don't need anyone - raised $100 million US$ at ICO last year & are still super cheap to buy so have huge potential to gain in value once the market turns. ('most used' is overstretching the case in my opinion but here is someone else's opinion ..) https://hackernoon.com/kin-will-be-the-most-used-cryptocurrency-in-the-world-310ca403f0b

It is very difficult to determine exactly how much a coin is worth. But I agree with you, most of the projects that are currently on the market are overvalued.

Most alts now do not have clear goals for the future. And therefore you say that it is zero. Of course I understand about this. Because I also realize it. The developer of the alts does not have a clear purpose and just makes alts in my opinion.

The only problem is that, it is so hard to see it this way right now. I just hope that just as you say, only the good coins will be left in the market and I hope that all scammers go rot in hell.

I never expected altcoin to be zero, they were the most potent

The market goes down and scam projects or projects that are not developed will soon die. Those projects will not be able to survive in the present circumstances. I have seen a lot of altcoin outside the top 300. Their prices have been continuously reduced since January and to the present it is almost dead. The market will grow with good projects