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Topic: New coins are 👎👎👎 (Read 755 times)

member
Activity: 1120
Merit: 68
May 19, 2020, 08:40:22 AM
#92
New developers can't be trusted for sure, they have aims for money only and they create projects or new coins just to deceive investors or Rob them of their money, but still few projects manages to prove otherwise, it's better to give new coins opportunity once in a while, just look before leaping, DYOR
Well there are still new developers and new projects that can be trusted, if you try to search it in online because there are some developer who wanted their projects to become successful and to be known in the blockchain community. I know you are frustrated from not getting good rewards and always get scammed, but if you look hard enough you will definitely meet a good project that will benefit you.
member
Activity: 784
Merit: 21
May 19, 2020, 07:10:20 AM
#91
New developers can't be trusted for sure, they have aims for money only and they create projects or new coins just to deceive investors or Rob them of their money, but still few projects manages to prove otherwise, it's better to give new coins opportunity once in a while, just look before leaping, DYOR
sr. member
Activity: 2618
Merit: 439
May 19, 2020, 04:39:18 AM
#90
Not all new altcoins are bad, I understand OPs frustration but we still have few very promising projects, just take it as 90% of new projects are probably scam but the remaining 10% is something you don't want to miss out, do your research and invest want you can afford to lose
Actually are those new coins has products or services?and also are they really unique or just copy from old projects?

i believe that the best project to be created is about health and medicine because those areas has only small existing project and must be focused for legitimacy.

But i support OP that almost all of the project now are scams.
hero member
Activity: 1204
Merit: 502
May 19, 2020, 04:22:29 AM
#89
Do you think that you can come with anything new when we already have more than thousands of working coins? Probably not and if yes, then it would be pretty hard to find them.
member
Activity: 501
Merit: 10
★Bitvest.io★ Play Plinko or Invest!
May 19, 2020, 02:58:43 AM
#88
In my opinion, new coins these days are just good for a little time compared to old coins which is still lit to good at so investing to older coins like bitcoin or eth is much interesting to look for.
member
Activity: 322
Merit: 10
May 17, 2020, 11:37:02 AM
#87
I personally also like to invest in older coins, such as ETH, BCH, LTC,
because the movement of old coin charts is more promising and has good prospects for longer-term investment and also almost all markets provide for trading
jr. member
Activity: 252
Merit: 1
May 17, 2020, 11:36:55 AM
#86
Coin can be regarded as medium of exchange in s financial sense. New coin is a phrase, that means you come up with a new medium of exchange, new Coin be value less in some cases if there is no acceptsbiliy. Which make them use less because not all project are listed..
As regards to the olds coin they are ok but people intend to make huge profit that is why they venture into new coin.
sr. member
Activity: 685
Merit: 250
May 17, 2020, 11:21:59 AM
#85
New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

For the old member here in cryptocurrency industry. I think majority of the community won't invest in a new coin.
But most likely in the new investor or new member here in this field of business they rather go to invest into a new
token project.
full member
Activity: 644
Merit: 100
May 17, 2020, 11:15:59 AM
#84
I do not think that all new projects, coins and tokens have no value and no meaning. Many good cryptocurrencies arise, trying to break through and succeed on the market. Bitcoin and others had to go that way in the beginning.
BTC and ETH are kings in the market, but it's also good to have confidence in something new. Progges is needed and brings things to the development of the whole crypto world.
full member
Activity: 1610
Merit: 103
The OGz Club
May 17, 2020, 11:15:36 AM
#83
Not all new altcoins are bad, I understand OPs frustration but we still have few very promising projects, just take it as 90% of new projects are probably scam but the remaining 10% is something you don't want to miss out, do your research and invest want you can afford to lose
There are 2 types of Altcoin that I know, the first is Token and the second is Coin, Token is only a crypto currency project that is still on a platform, such as the Erc20 token, but coins already have their own blockchain system, and usually the coin project is a good project
hero member
Activity: 812
Merit: 503
May 17, 2020, 10:14:09 AM
#82
Not all new altcoins are bad, I understand OPs frustration but we still have few very promising projects, just take it as 90% of new projects are probably scam but the remaining 10% is something you don't want to miss out, do your research and invest want you can afford to lose

Your points are valid, the fact that most new projects turn to scam or are just after the money without actually hoping to achieve the project aim doesn't mean all are scam. Some older projects are also scam in disguise, scam in the sense that some do not ever plan to launch a working product, even though they might have lured in investors with an MVP. I don't blame OP, most new projects are just crappie, reason why he generalized.
member
Activity: 166
Merit: 10
May 17, 2020, 09:47:23 AM
#81
Not all new altcoins are bad, I understand OPs frustration but we still have few very promising projects, just take it as 90% of new projects are probably scam but the remaining 10% is something you don't want to miss out, do your research and invest want you can afford to lose
member
Activity: 504
Merit: 25
May 17, 2020, 08:08:26 AM
#80
Old coins have lower risk than new coins, and it's pretty hard to figure out which one is real and not scam project, I choose new coins only if they aim for big exchange, and their use case must be intriguing, but honestly speaking, new coins have the highest returns if you are lucky
hero member
Activity: 3052
Merit: 606
May 17, 2020, 07:32:43 AM
#79
Better to stick bitcoin and ethereum or in the top coinmarketcap for your investment. It is high risk investing in new coins because high chance of losing money you know many of them were failed and scam.
High risk of losing but if they will succeed, there's a high return you can get.
That's the nature of investing, high risk assets usually give high reward, but it all depends on the investors on how he will spot a coin is currently an opportunity.

Old coins that survives the long bear market are liable, but they have already rise, so maybe the room for growth in a short period of time is just small compared to the new ones that could probably rise even more, so if you are an investor who are afraid of taking higher risk, stick with the old but reliable coins.
sr. member
Activity: 1876
Merit: 289
Zawardo
May 17, 2020, 06:09:38 AM
#78
Better to stick bitcoin and ethereum or in the top coinmarketcap for your investment. It is high risk investing in new coins because high chance of losing money you know many of them were failed and scam.
member
Activity: 770
Merit: 10
https://streamies.io/
May 17, 2020, 05:48:25 AM
#77
Your thinking is right, because no matter which coin is thousands of times better than Bitcoin, Bitcoin still dominates the crypto market. This is a play that the whales have created and they decide to play. Good projects will be appreciated but can never replace great symbols like Bitcoin, ETH or USDT.
hero member
Activity: 2856
Merit: 674
May 17, 2020, 05:46:23 AM
#76
When we say new coin, its potential is in the long run, you don't expect it will pump right away, so those who does not understand the situation now might get disappointed and will not invest on new altcoins in IEO/ICO as they think it is just a waste of money since it will just fall.

Every coin starts with the new coin, though these existing altcoins are already successful but they'll not be able to take that position forever as whether we like it or not, there will be new ones that will be more popular than the old ones in the future.

I have no problem with new coins but the problem lies on their developers. If they have no long term goals, then it is better not to launch their project. But you can't stop them as they want to rip money as long as they can. I have seen a lot that are being screwed in masternode coins, in which pump and dump is common among them. As they can raise money via selling masternodes, they don't need to undergo IEO or ICO, which they can run anonymously but still they can raise money. So if you are an investor, you have to meticulously study the project and assess your possible risk.

Goals are just goals, what's important is on how the team are developing the project as that is what is visible to them.
And also, we have to consider the situation, though a project has a good developer and like you said has a good goal, it does not guarantee a success.

The market is just struggling right now,  especially for altcoins. (old or new coins)
legendary
Activity: 3346
Merit: 1214
Payment Gateway Allows Recurring Payments
May 17, 2020, 05:32:17 AM
#75
New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

We have a hundred reasons why we should stick with Bitcoin and Ethereum, these two coins have put the Cryptocurrency in the spotlight in the e-commerce,  imagine we have not thought of the money that can be mined by a computer and we ourselves can become our own bank, without third party interference, so many coins shout that they are the new tech but they have not yet to prove themselves.
hero member
Activity: 2128
Merit: 520
May 17, 2020, 05:20:41 AM
#74
Extra care needs to taken when choosing new coins to invest your hard earned money on, some are just something that won't work out, you need to consider new altcoins use case, because most have unrealistic use case that are just not going to work.
Most of the time investors of new coins only after with the quick hype then after earning they'll go and find a new one, there's only few investors who are really aiming to support projects since lots of those who newly introduce are fakes and only trying to scam investors money. Much better to invest with old ones that already proven contribution to this industry.
full member
Activity: 1148
Merit: 116
May 17, 2020, 05:12:45 AM
#73
Extra care needs to taken when choosing new coins to invest your hard earned money on, some are just something that won't work out, you need to consider new altcoins use case, because most have unrealistic use case that are just not going to work.
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