Most of your coins are going to be worthless in years. - page 2.

19Nov16

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Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

The many coins and tokens I have are also worthless, the main factor is the devs. there is no serious plan and action, when the price skyrockets (maybe they pump self) then they immediately sell and when they get the profit according to the target then they prefer to create a new project rather than take care of the previous project.

sedahan13

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Only Bitcoin and afew other highcap altcoin is more safe for long term investment than any low-medium cap of altcoin. So if we decide to holding coins for a years is better pick BTC, and others altcoin only trade it for profit then left it. There are alot if others instrument of asset with lower risk than altcoin like Gold and high cap stocks. I been make research for alot of old altcoin, and in this bull season the price still in the bottom so very risk to make invest in altcoin for long term.

santiPOGI

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Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

I am pretty sure that when Bitcoin starts to spike its price value in the market, probably majority of the shit coins will pump their price value in most of the exchange site platform. And this scene was being done for a couple of years and even up the present time now. So, as an individual traders here in this type of business we really need to become wise and careful in terms of investing any of the altcoins.

Shallow

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Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

You stated enough fact which is of course true, and the funny thing which is also true is that, a lot are getting worthless already without even lasting for a year, this is already seen on coinmarketcap as well as in personal wallets. The truth has to be said and you did it correctly, it is now left for anyone to chose what works for him.
Talking about what works, many people of course made gains from the numerous shitcoins which pumped, and where many gained a lot of people also lost.
The worst part of the whole scenario is that, many are also holding most shitcoins with a long term view, without knowing that, they might not even last and as well, the current market conditions has dealt with a lot of them. So in all sincerity, let's learn to hold good coins for long term, coins whose team are committed to their long term goals, through this way, we can be assured we are on the right path.

ven7net

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Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

I think you are right. Many coins will really fail and lose their value. This is due to a number of factors. For example, some of the coins are simply useless and will be quickly thrown away after the creators receive any real assets. Another factor is insufficient funding or launch problems. This is another part of the coins, which seem to be promising, but due to the lack of professionalism of the team and lack of funding, they can simply leave the market. Well, the third factor is that new, more attractive coins with practical application and excellent financing appear on the market, they are crowding out another part of the coins. The strongest wins in this.

Fredomago

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Quote from: Alert31 on June 17, 2021, 12:58:28 PM

Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

You're right because I have a lot of worthless coin in my wallet, there is more than half Million others are hundred thousand above. It can't be use anymore and just a decoration in my wallet and remembrance in such coin. That's why if you want to invest, always be careful and learn it very well so that it will not become useless in the future.

The chance to continue progressing is slim for those coins who don't have much support from the community, eventually they will die and be forgotten,

Remember that if you are into investing always look for the usages and what addition the coin you are supporting to the entire industry, if there's none be aware that even the project is hot now if that is unsustainable it will die without any community supports,

Developers also have the influenced, best to check their résumé if how good they are within the business.

flagpara

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Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

I believe now we have so many haters of Dogecoin, but Dogecoin is still in the top altcoins since it was launched. Strong projects can easily gain a good community and exchange in a short time. Sometimes we are looking for a very low prices altcoins where we forget about the volume.

DrBeer

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What you describe is not a "miracle" or "surprise". Today, the crypto market, and tokens as the main product of this market, is CHANGING very dynamically. The dynamics of changes in the crypto market is enormous, and hundreds of new technologies and tokens appear in a year. And as a result, some go to the bottom, others occupy their own niche, others are actively growing and give new sprouts of new technologies. Or even more understandable - now the first active stage of evolution is underway, when only a few out of a multitude of "species" survive. And this will continue until a certain period of stabilization of the crypto world. But when it happens - that's the question!

devil2man

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making a long term hold strategy is no longer a current thing we must not leave the tokens / altcoins on the wallet they can lose value or become out of order / useless we have to change everything into altcoins of great value that can profit a lot through staking

perfect999

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Quote from: bamb on June 17, 2021, 01:20:13 PM

More than fifty percent of altcoin I bought in 2014 are still very much around. I bought ethereum is still here, Wave coin is still here. Lisk was considered as a competition for ethereum in those days but unfortunately, was never materialized yet, the lisk coin is still trading after all these years.

Selective coins before 2016 are good to continue your holding; you sound like you are too good in choosing your coins for investment which must be the reason your list sounds like too good for anyone to have in their portfolio. I have few of them from your list but I did not invest into ethereum when it was new; honestly missed that due to lack of knowledge on finding good coins at early days.

Quote from: bamb on June 17, 2021, 01:20:13 PM

The question to ask is actually what makes coin worthless? Is it the lack of development or not having a niche market that is poise to create new uses or solve existing or future problems!

Coins which are lagging in real world use case might be dying over the time; scammy devs do create coins and tokens just for the purpose of pump and dump then how we can expect them to be sustaining for years. Such coins will become worthless in years for sure.

bamb

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More than fifty percent of altcoin I bought in 2014 are still very much around. I bought ethereum is still here, Wave coin is still here. Lisk was considered as a competition for ethereum in those days but unfortunately, was never materialized yet, the lisk coin is still trading after all these years. The question to ask is actually what makes coin worthless? Is it the lack of development or not having a niche market that is poise to create new uses or solve existing or future problems!

Alert31

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Quote from: sherryDEFI on May 28, 2021, 10:38:24 PM

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

You're right because I have a lot of worthless coin in my wallet, there is more than half Million others are hundred thousand above. It can't be use anymore and just a decoration in my wallet and remembrance in such coin. That's why if you want to invest, always be careful and learn it very well so that it will not become useless in the future.

ahoenk

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It will happen only if you choose and invest in the wrong places, i have been invested in to ethlend ( now AAVE ), Dent, decentraland and many altcoin. Choose wisely and research it. Does the project make sense ? Does the token will be used in the next few years. Somehow i agree many of them will be worthless but there are a chance few of them will gives you good gain by holding it.

gurunanakji777

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Yes, we all know most of the coins will die in the long term. Some shit coins are booming but we can not say it will keep booming. We should trust tested coins that are here in the market for long we can trust such coins. This is a highly volatile market and we should understand the market behavior and sell it before it drops again and should not be more greedy. There are only very limited coins that can be trusted rest it all depends on luck.

Ararbermas

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Quote from: Farma on June 17, 2021, 10:46:51 AM

Well, I held a new coin that went up in price last month, but right now it looks like a lot of the holders are having a headache. anyway, i'm also holding that coin, and it's not even 1 year yet. anyway, lots of tokens like this, I just hope the price can get back high in the near future. even projects with good concepts and products need to survive the mass sales of investors, or their supporters.

a new coin without good features/technology such what can be seen in some trusted projects surely will not long last on this crypto space, especially if it will experience a masive dump after making all time high value, because its not same with bitcoin wherein after the hard fall people still see it good and can guarantee huge profits after all even at the very dip price.. Unlike new projects that after the hard fall it always becomes very unpredictable..

Farma

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Quote from: ?? on ??

I agree, there are so many new coins and tokens that we have now and as you have said most of them will be worthless, well that is common sense and I know most of the bitcoiners already know about that. Only those projects with good community will have a good potential in the future.

Well, I held a new coin that went up in price last month, but right now it looks like a lot of the holders are having a headache. anyway, i'm also holding that coin, and it's not even 1 year yet. anyway, lots of tokens like this, I just hope the price can get back high in the near future. even projects with good concepts and products need to survive the mass sales of investors, or their supporters.

Ozero

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There is nothing surprising. Cryptocurrencies are developing rapidly, most of them, for various reasons, become useless over time. However, even on cryptocurrency, which eventually becomes useless, you can make a profit in the first period. You just need to constantly monitor the news and processes taking place in this market, as well as make the right decisions on the purchase and sale and retention in time. This is even good, since we all have an equal opportunity regardless of the time of entry into this market.

capokmerah

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This is what the cycle says, there will always be change and it's worth it. Why ?? because there will always be new tokens that appear. losing prices on old tokens that are no longer developed is natural and common in the crypto world. So, for me it's no problem at all.

ilovealtcoins

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The value of crypto is created by the developer and the community. Each price drop is a market purge so we will see developers or investors give up. Since the long-term drop of 2018 to early 2020, we have seen many cryptocurrencies lie dormant in price declines.
The meme coins are unknown because the market has no precedent for them. Right now coinbase pro also listed SHIBA so it's hard to say that this project will die.

Orange89

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Yes I totally agree with you most of the meme coin is worthless with time as meme coin is something that may have no owner of May be coin had even no purpose that is the main reason that Meme coin is also known as shitcoin even though there are many meme coin that had give us good profit like Shiba inc doge coin but still it has risk involved in it so you may say that it may be worst with time

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