Topic: Only Small % Of Tokens/Coins Survive - page 2. (Read 317 times)

It's known fact that very less amount of project survived for years and precisely it won't even cross 1%, interestingly some of them were in the top 20 list of marketcap value but today it almost trading at zero. Personally I had an experience with very well known project in the crypto community ( I don't want to mention the name) and also it was compared to Litecoin at some point but now it died completely.

You just spoke out my mind. Yes, most of the coins will not survive or you can say will be abandoned in the long run So the best way is always to set the target once achieved sell it do no greed for more even many of my bounty coins that has value 2-3 years back now worth some dollars or almost no liquidity on those coins I hold it because I was thinking in a different way but I was wrong So I must say don't be greedy always book the profit time to time but there are some coins that you can hold for long terms like Btc, Eth and Bnb.

Yes, I totally agree with what you wrote based on my own experience. I remember having TBAR, BETR, KEMFE and a host of other tokens I couldn't remember, and today most of them have been abandoned and therefore failed projects while the likes of EGT, CMT and QKC although still on exchange can be categorised as failed projects.
Although I don't expect to repeat the same mistakes of 2017 but their are many newbies that will have to learn the hard way.
What I practiced is that I DYOR and still invest the amount I can afford to lose.

I wonder who told you that, but I have been trying to say the same to majority of newbies who ask in this section about new coins to invest in, I understand their enthusiasm but they also need to be shown a reality check.

I did some bounties at one time and only a couple of them have been successful enough to give me a return worth putting the time in. This is BCDiploma and Viberate and some LPT tokens I got from some airdrop.

However I dont advise coming in to invest in these coins at all. You can never guarantee yourself that they will be successful, it is a gamble. I hope some newbies read this thread and understand that the only coin they need to buy is bitcoin and at lower prices as per charts. Buying shitcoins or bitcoin at a high price is equally risky.

About 92% of projects die, 8% survive but to say all 8% of them are successful, it is not right.

Cryptocurrency Historical Data Snapshot shows that even coins which are in top positions can fall beyond top 100, top 200 or even die after a few years. I think the crypto industry now is better than 4 or 5 years ago because now it is harder to scam than in the past. Stricter procedures to verify and get listed on exchanges but scammers are always there and naively people always are there to be scammed.

All is because of Hype.

99% of the tokens are created because of Hype.
ICOs were Hyped in 2017, they created a wave of 1000s of useless projects just because they were called ICOs people when to invest like crazy, then IEO were more modern then ICOs, they went hot but we were already in a down trend in crypto, so not so much exposure. Now the hype with DeFi and after them came those NFT's, at the end was Metaverse. So all those new projects "solving" all those hyped "terms"  projects will vanish in a few years. Only a few won't be abandoned.

The hype moves the market an the hype kills it.

It is not only that a very small percentage of coins survive but also that if you are invested in a lot of Altcoins, unless you keep up with their updates you will lose some of your investments forever.

Nowadays it is trendy to have Altcoins consolidate or rebrand.  This typically means that if you do not do the migration in time, you will be left behind with a worthless-now-useless previous version of the Token.  Unlike Bitcoin, Litecoin, Ethereum and so on, with most of today's Altcoins you can not simply invest and forget about it years long for real.

But yes, I wish we did not have so many Tokens that for a newbie seem like the next Bitcoin when in fact they are just worthless copycats with no real future.

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Regards,
PrivacyG

yes you are right, all the projects i invested in the past are not visible today. only a small part survive and even then are not included in the top 100 marketcap. This will also happen in the future. a project that looks genuine and very convincing today, there is no guarantee that it will last in the future.

It's lum network (https://lum.network), if you have erc20 SAT or SBC tokens you need to swap them to lum. You get 15 lum for each SAT/SBC (1:15 ratio).

I also knew this project before. Is it true that they revive their project last 2021? Not aware but can you share the new name of their platform.

I agree that some of those coins/tokens would not exist after sometime but I dont let myself hang to those dead projects as they will be surely replace by a newcomer. Its quite rare to seek out project that still lives only few of them really survive.

What you've said is true. I have similar experiences when I was like that type of guy that buys almost everything I see. What I do was like buying $10-$20 worth of those tokens and waiting for a $5 profit and then selling it eventually.

Diversification is okay but do not be eaten on it that you're required to do so. It's not actually required to diversify and learn the lesson from the experiences of everybody here.

Invest in bitcoin and when you think that you're settled with it.

Start buying some eth or bnb or any top of it.

And when spare money comes, that's when you'll invest it to almost anything you want because that amount is affordable to lose.

These projects are money grabber project. I would not be surprised if those projects already abandoned by their creators. Most of them being created to scamming the investors.

Ethlend is just an example but if you wanna try to dig it even deeper and there were bunch of old old tokens from bounty but i do agree if that was around 1% that are still exist right now.

I do agree with it. Sometimes the thing that we think that already abandoned by the developers worth nothing but the situation can change anytime as long as the developers have intention to revive the project again.

Obviously, many of them won't last long, and come to think of it, when you look at their use cases you'll understand that many of them weren't even created to be sustainable for the long period because their use case can't maintain that or rather is not 'useful' enough to last long. You look at many of such coins and all you see is reincarnated use cases that is totally not sought-after, i know there are some projects that have fetched some investors good ROI prolly cause they invested right before the pump and sold just before the dump, but generally altcoins should be treated as short term investments, do not hold them for too long thinking they are Bitcoins that rises back up after every plunge.

I do aggre with you and i remember the good ol days  when so much people creating their own blockchain before eth arrive and token become popular.

like u said maybe more than 85% coin from couple year ago will ceased no dev maybe only few community left. the coin still left like waves and lisk which is not as popular compare with other token right now

after do bounty i usually sell on cex make to bitcoin and save it 

but after eth and other evm chain exist is wayyyy more that token has been abandoned by the dev and shitcoin everywhere.

That why we need Research first before invest sometimes after dyor i still get slipped away 

There's really nothing to disagree with here. The mass majority don't survive, but you can make a killing if you manage to pick the 1-5% that does survive. The problem is that most people tend to underestimate how difficult it is to pick that 1-5%, and just get blinded by the potential ROI.

Few years ago, someone quoted me that in few years from now none of coins/tokens that you are currently drooling over will exist.

I was overconfident, shrugged off saying - let's see, and copied the link to his comment, just so I could backfire later.

I forgot where I copied it, likely reduced to ashes because of incident. Used to use some writing app without backup.

Now, fast forward today, was in mood of reminiscence. Checked transfers on my addresses (~5 yr history), 99% of coins were abandoned. The coins which once I thought were genuine, were to last long - no longer existed.

Now, rest 1% which still existed, one of them was Ethlend, I didn't even know I took part in it until checked history. It's now rebranded to Aave and is currently trading around $140, ATH being $661.

If you are curious, received 87 tokens from bounty. Sold 'em for few dollars on etherdelta. What difference did those few $ make? Why am I like this?

Then there was another project named, Sandblock - they went radio silence when crypto winter 2018 arrived, I lost hope, everyone lost hope and now in 2022 they rebrand and bam, project revived.

Conclusion: Most coins/tokens don't survive and you likely won't know which will and which will not.

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Do you agree? Have similar experiences? Would you like to share?