Topic: Only Small % Of Tokens/Coins Survive (Read 317 times)

This is easy to do if your buying but what if your like the op that gets most of his token from a bounty? almost all bounty started as a new project, that means they are not listed yet in a top exchanger and their volume is not that high enough. Not all good projects will also remain good, say they have good volume and they are traded on top exchanges when you first saw them but later on they can collapse for some reason. Their volumes will get lower and they will eventually delisted on top exchanges. The key here is about timing.

If you sense that a project won't go well, you should not hold for too long but you must sell and abandon it. Just hop on a new one and repeat the process.

If you're a small investor it's better to pick coins that are on top of the market profit is not that high but at least your losses are not that big if you are a medium investor or a whale then you can pick coins that will have potential in the future, but new projects are too risky knowing that these developers can launch a crowd sales and abandon the project than spend time creating platforms and spending money to promote it.

Well we can check those coins which have good potential and one of the basis is they have good volume and also if they are listed at the top in the marketcap list sites. Choosing any other below or far from listed and got only small volume is so risky. Although some have potential but they are quite few and not good to buy when its late since for sure this is prone of manipulation.

The best way to make a profit in the market now is to hold a small number of coins with good and proven have proven their potential in the market if you are a risk-taker you can allocate funds for risk investment in the hope that the project will prove it's potential, projects come and go and don't live up to what they've promised it's important to follow the project and see if they are really dedicated and watch if they are going to abandon along the way.

This is the reason why I'm focusing on investing mostly on the top coins and I'm putting most of my money in the top 10 coins.
I've been investing in crypto for quite some time already (though I'm not an expert) and I've seen numerous projects that are being abandoned or just lacking something like community etc. and it will continue until.... I don't know as long as there are new projects that are being created.

As for me, I've joined airdrops and bounty campaigns in the past. I sold some of the coins that I got from campaigns and airdrops and the others I kept for no reason. Held it for at least a year and most of them still doesn't have value though there are at least 1-2 tokens that got value until now but most of them doesn't have any value at all.

I still it depends on what kind of projects you have in your portfolio. If you have invested into "real" projects that are really doing some and that have a use case, a real team and a roadmap that they are following, then i think the percentage of those kind of projects that are still around in a few years is higher than 5%. They may not be that successful or big anymore but they are not dead in the meaning of completely gone. If you have invested mainly into sh*it-coins though (meme-coins) then i would say than way less than 1% of them will still be here in a few years. Thousands of them were created in the last few months and none of them offers something, so it's a good thing in my book that they disappear again.

This is why I take crypto space as a opportunity land, I have decided to only hold very limited number of coins because too many coins died since 2018 and some even died in just a year, when was the last time we heard a good news or even hype about QTUM and EOS?... They look abandoned to me.

Not a bad approach though, but I am sure you will be getting a number of projects that are only there to fill your wallet and not provide anything useful worth speculation. There are those coins that will be going up but their number is overshadowed by the number of coins that are going down. It is a difficult to segregate situation for a newbie entering the market, but you have obviously gained some experience on this.

In the long run most of them will be abandoned but being quick and selling right after getting listed is a though thing to follow and often people are not in a position to open new accounts on a new site and place orders.

I am a bounty hunter since 2017 and until now I am still a participant in the bounty campaign. but what I want to say is that never trusted any altcoins other than bitcoin and ethereum until now, so every altcoin distribution then I immediately sell it and exchange it in bitcoin or ethereum. because I believe that many altcoins we receive from the bounty campaign will not last long, although some are able to survive, but only 1 - 5%.

You are also right. I look at my wallet from back in 2017 and still have a lot of dead projects there just hanging in the wallet of cause back in 2017, most of the projects were mostly just to collect investors' funds, and just a few still been traded even though there is no significant progress in the project.

Well for me, this doesn't mean you cannot invest in new projects but I don't see them as a choice for long-term investment rather for a midterm, this way you don't end up holding a bag of dead coin/tokens. 

 

Indeed the altcoin bounty hunting became a lottery after the first few which became very popular. After the start of ETH ERC-20 tokens, there were numerous tokens being launched and that flooded the market will scam coins and shitcoin projects that were not developing anything at all, a vaporware. Coinmarketcap everyday sees some certain coin getting pumped and these shitcoins end up being part of such pump and dump schemes once their investors understand that the project has been abandoned.

My suggestion to newbies is always to keep altcoins to a bare minimum and not run behind them. It is rather important to stash up on bitcoin.

Of course this is right.  Crypto is driven by fads and greed.  As soon as bear markets come all of these projects literally vanish because there is no need for them and no one isaking money trading them.  I'd steer clear of most any new coin and just wait a couple market cycles to see what it does.  If it survives you might have something worth putting your money into.  Chasing greed leaves most broke.

You can't trust some sources stating that specific projects are going to be revived as you don't know the real score in terms of developments. Unless, we are already seeing the progress of what's going on. It is hard to trust especially if you will spend money to invest on those projects. I remember when ERC20 tokens were first introduced. It was like one project after another project was being launched daily. Some who got lucky, earned a lot from those tokens. However, it is true that majority of those tokens were long dead and abandoned already. And that solidifies the reliability of bitcoin. Because up until now, it is still in the top position of crypto market.

Yeap, im agree with u ( think around 20%), and im from 2017 when 1700 coins was on coinmarketcap, and now here are more then 17000 coins.
So a lot of coins from 2017 was Scamed, and survive only the best ones and infrastructure projects. Also a lot of coins cant survive in bear market time.

yes, it is very difficult to analyze and predict it. sometimes coins/tokens that are thought to be good turn out to be bad, sometimes vice versa (what are considered bad turn out to be good). Only a few end well (survive).

I've also heard statements that in the years to come there will be some old projects being revived, but I forgot the source.

This looks like one of those lottery winner stories hehe. Just pick a few numbers and let the ball roll. Have you thought how much you would have made if you sold them for ETH early on instead of holding them? Maybe you could have accumulated at least 10 ETH from those tokens.

I absolutely agree with your views. We have similar experiences. So I sold my Lend tokens for just a few dollars. But I never regret. If it were today, I would still exhibit the same behavior. Because we had a very long bear period. It was very difficult for us to predict such changes. The rational thing was to realize our gain. We acted rationally and realized our earnings. If you don't have financial concerns, you can wait 5-6 years and you can reach the happy ending. But a bird in a cage is better than a hundred on a branch. :)

Yes definitely yes, and I can provide some numbers.
I made a "raw" analysis taken in count the firsts 1000 predictions from this topic created during ICO Mania of 2017 The next 100x-1000x coin?
below you can find the full analysis including all predictions
https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq
At the end, after 3 years, a total of 67% of coins suggested realized 0 or negative profit!
10.83% of predictions have reported a total loss! 1 each 10! and just 3 years has passed!!!
56.23% of predictions have reported a negative profit! I don't think they will recover from such heavy loss... another experiment you can do is very easy.
Check top 10-100 coins in coin market cap. They are different. Only bitcoin is stable on top. the others are just changing and not able to regain popularity after a while....

Separating the wheat from the chaff was indeed not an easy task.

Your thread makes me remember my past journey in the cryptocurrency space, back then, I were an avid bounty hunter, I believe in 2014ish there were many altcoins that popped up, and mainly bounty hunting that I did were just posting "good project", "nice project" spam on the altcoin announcements board or somewhere else and then you got an airdrop . I also look it up again after a few years, and yep, it all abandoned cryptocurrencies. No matter what they stated their cryptocurrencies will be, it all disappears.

I believe the pattern will not end soon, there always be something new within the space that mesmerized some people thus, creating a snowball effect to keep making useless cryptocurrencies or a token.

The key point here is that if you keep getting a lot of tokens from the bounties, and then you end up selling them for a few dollars, then just let them be and see where they will end up. That Aave should be a great example for what I am talking about. It is true that 99.99% of it will go to near zero or a very low number and that is why you will not be making money from them at all in the long run, there are a few at the very top and they are the ones that will make you money.

However if you keep them all then out of 87 there could be 1 that will pay for all of them and then some. I had like 5 tokens for free from something back in the day, just as a marketing thing, then I forgot about it, then I found out 3 months ago that it was Avax, I mean it was avax when I got it but it was so back in the day that I did not remember it, I checked something one day and I had some phrases and turns out it was avax phrases and I got in the wallet and checked and turns out I had some coins there and they worth a pretty good amount.

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?