Topic: Number of altcoins keep increasing! - page 4. (Read 3518 times)
Last two years many new coins on crypto stage. That is crazy, every day a lot new and users are confused. Many useles coins, scam projects too. newbies cant see traps and they get disappointed at start of their crypto usage. i noticed even airdrop rewards are in millions of coins, new trend too.
Now the scammers are also increasing with the number of altcoins. Many altcoins are useless, now we are confused about which is a good project and which will scam. I suggest you stay away from shitcoins many will scam. You will be able to buy but you will not be able to sell them because there will be no option for that.
You should always DYOR in the world of altcoins! Pump and dump schemes are common in altcoins, so you can win instantly and lose if you invest late in that coin.I've made some money from pump and dump coins, but it's a huge risk; you really need to determine if the roadmap appears legit and will be followed throughout the year. Some developers are simply extorting money from newcomers by enticing them with appealing objectives and goals of the coin that are, in reality, a sham.
Now the scammers are also increasing with the number of altcoins. Many altcoins are useless, now we are confused about which is a good project and which will scam. I suggest you stay away from shitcoins many will scam. You will be able to buy but you will not be able to sell them because there will be no option for that.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Its open market and the code of creating a coin is open-sourced, anyone even a scammer is free to create their own token, that makes it hard for us to see what coins have potential in the market, we must do our own research because so many coins are involved in the shilling, check the whitepaper, roadmap, people behind the project and the platform attached to the coin.
It's like that everywhere. When you buy products on Amazon it is not that unlikely you are going to buy fake. You are also going to learn from it, start better scanning for legit recommendations in the comment section and what not. If people launch scam coins or shit coins, those who are buying them will go through a learning curve, hence becoming better investors in the future. That is just how it goes, was the same for me as well.
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I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
altcoins are popping up more and more in the crypto market, that's why we have to be careful when buying altcoins. there are some altcoins that are not developing well for the future so they will be abandoned by their fans.
You must always do your DYOR before dealing with any coins inside this market, there are many failed projects
and many scam developers who are just after with investors money, don't let yourself become a victim make
sure that you fully understand whatever project you choose to support and invest your hard earned money.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Its open market and the code of creating a coin is open-sourced, anyone even a scammer is free to create their own token, that makes it hard for us to see what coins have potential in the market, we must do our own research because so many coins are involved in the shilling, check the whitepaper, roadmap, people behind the project and the platform attached to the coin.
No wonder that the number of altcoins grow, everyone wants to be involved and take a piece of crypto pie. This shows not only a growing interest in cryptocurrency, but proves how quick and easy people can be educated in cryptocurrency world. Months ago a person did not know what blockchain is, now with a little help, he creates his own project.
yea, new altcoin educated crypto community,they could learn about project fundamental and whats that make it worth to invest. In every altcoin will give new sigth , and soon or later investors in this market will have good knowledge in project research.This is what is called the development of altcoins starting to rise, because market enthusiasts have started to emerge, meaning that many people know crypto.. this is a good development. However, everything must be bad, where people will be confused by the many coins that exist now, especially beginners who are just entering the crypto world. Many of them lack knowledge and rarely come to forums so they are trapped in useless coins.
more skilled person joining in this market and developting new project, we could take it as good vibes as long as they didnt scamm us with their new project. researching will help us to avoid fake projects. even now there are not a few projects that promote the new coin in the end it is a scam, successful coins that can be traded in the market also have very very cheap profits
It has already happened for years. Every year, there should be millions or even more, new crypto projects ended with scams. We cannot refuse it, something unavoidable in crypto market. Just be more careful to choose a new crypto coin, because only a very few of them can survive successfully. About cheap profits, I think it is related to your ways in trading or investing, not really 100% is purely caused by the massive number of new coins. Anda harus menyesuaikan strategi Anda dengan setiap situasi di pasar crypto kapan saja.The more popular the cryptocurrency, the more altcoins appear.Investors have a very large selection of projects. But before you take part in the project, you need to carefully study everything. Here is an interesting articles about the importance of DeFi and its practical use https://eqifi.medium.com/defi-explained-what-are-variable-rate-products-eqifi-ba369645bf24
DeFi is a great opportunity to make money, so many investors and traders pay attention to DeFi and actively use their products and services.
DeFi projects are different, for any DeFi project you need liquidity and a large number of users, and for this you need advertising, and the project itself should be useful to people.
No definitely most of these coins are not needed. One could argue only a handful are actually needed. I mean for 99.9% of them they are just clone coins that are all marketing and no substance.
If you think clone coins or similar coins are not needed, then only Bitcoin can be accepted. You should understand the name first, altcoins = alternative coins, what does it mean? Those are alternative options besides Bitcoin. But although they are alternative coins, they should have a role, have a purpose, and have functions. Can you imagine if only Bitcoin survives in crypto market? I doubt it can have big supports like today. No wonder that the number of altcoins grow, everyone wants to be involved and take a piece of crypto pie. This shows not only a growing interest in cryptocurrency, but proves how quick and easy people can be educated in cryptocurrency world. Months ago a person did not know what blockchain is, now with a little help, he creates his own project.
Taking a piece of the pie would be investing in Bitcoin not investing in the 99% of scams that are released today. 
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Some? No definitely most of these coins are not needed. One could argue only a handful are actually needed. I mean for 99.9% of them they are just clone coins that are all marketing and no substance. There are a select few that are actually built from the ground up that actually serve a different or additive purpose than bitcoin. Other than that bitcoin does it all.
This is what is called the development of altcoins starting to rise, because market enthusiasts have started to emerge, meaning that many people know crypto.. this is a good development. However, everything must be bad, where people will be confused by the many coins that exist now, especially beginners who are just entering the crypto world. Many of them lack knowledge and rarely come to forums so they are trapped in useless coins.
It is very worrying if new projects are increasing every day but do not have the knowledge to invest holding coins from new projects, beginner level should discuss trading with investors in this forum, there are many important things in choosing potential altcoins that can be applied in investment.
This is what is called the development of altcoins starting to rise, because market enthusiasts have started to emerge, meaning that many people know crypto.. this is a good development. However, everything must be bad, where people will be confused by the many coins that exist now, especially beginners who are just entering the crypto world. Many of them lack knowledge and rarely come to forums so they are trapped in useless coins.
It is very worrying if new projects are increasing every day but do not have the knowledge to invest holding coins from new projects, beginner level should discuss trading with investors in this forum, there are many important things in choosing potential altcoins that can be applied in investment. 
No wonder that the number of altcoins grow, everyone wants to be involved and take a piece of crypto pie. This shows not only a growing interest in cryptocurrency, but proves how quick and easy people can be educated in cryptocurrency world. Months ago a person did not know what blockchain is, now with a little help, he creates his own project.
The number of altcoins will never stop. It's almost like a domain name in the sense that they get created so quickly. There's a niche for literally everything when it comes to crypto. POS altcoins are getting created constantly and most are scams with a high POS to get more investors. The earliest succeed in these types of coins and the latter do not.
Coins come and go. If you check the snapshot of coinsmarketcap for top coins of 2013 compared to the top coins right now. You will notice that the coins then are now very low in the rankings or either they are gone. So these companies and these individuals who all wants to have a little slice of the crypto pie, wants to create more and more coins and tokens and nft's so that they can entice many people to invest and get their money for legit or illegitimate purposes.
Yes, many new altcoins are being created in the crypto market now and most of them are useless there is no any use of them. So we shouldn't invest in any coin without research.
Getting here, you can say a lot of new coins but not as useful as you say,of course it's just a waste of time and who knows how long these new coins will continue to arrive,
You need to be careful before investing if you don't want to just lose money
You're absolutely right. In it there is a share of irony and why they do it unclear. As this situation worsens the position of the cryptocurrency on the market. What this will lead to in the future is unknown. I hope in the future this process will be settled and there will be no fraudulent coins at all.
Yes, many new altcoins are being created in the crypto market now and most of them are useless there is no any use of them. So we shouldn't invest in any coin without research.
Many new altcoins are created with no fundamentals or replicas of top project concepts with little modification of new features, not much interaction with this kind of project and sales of project funding can only reach the average minimum amount. Jump to: