So many altcoins - page 3. | Bitcointalksearch.org

miningguru

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Quote from: Pamadar on December 04, 2019, 07:23:20 AM

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The cryptocurrency room is open freely, everyone can enter easily, many new projects are being developed with a clear vision and we will find it in the cryptocurrency they are trying to create the best for crypto. if investors do not look carefully before they invest because it can make them lose everything

Without proper research and studies the project that you'll going to invest with will let you lose your money. You need to be specific with the usages
of the project if that certain don't have any target venues or any help it will be another coin that will be forgotten. There's are many coins inside this
industry and most of them was created to grab advantage with investors who doesn't have any ideas with this industry.

This must have a good mind and in detail to see what you are investing in with the fresh money you have. But sometimes the fortune you invest produces something beyond your expectations.

Sometimes expectation will be more if you choose the coin wisely because the price of a coin will increase very quickly. So we have to choose the coins wisely which is unpredictable because the market suddenly increases and has a huge chance to increase the prices hugely.

g4r1n1m

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thats a good question
thats actually the main reason why i like Zcash and Cardano
Cardano will be a platform that allows you to create tokens, but the ADA coin itself will behave as a currency and as a fuel (like ETH and others)
the intention behind ADA is to make very operational and to build options for the coin itself instead of building tokens on it
there are already many projects that build options for ADA (watch dlab/ Quanterall/ emurgo/vacuum lab and more..)

the same thing goes for ZCash
Tron, ETH,ETC and other projects are going to use Zcash on their blockchain , instead of building something of their own which they could easily do.

drachman

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Quote from: Reatim on November 29, 2019, 12:44:10 AM

majority of newly created altcoins now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting out and not putting money anymore thats why the real victim is the market and not those individuals.

I get your point, but if a person is losing money because he has been scammed then he's a victim no matter how you look at it, but the point that you bring is precisely what I think that the market of cryptocurrencies has slowed down in such a dramatic way, during 2017 it seemed as if the market of cryptocurrencies was very close to reach a breakthrough and that we will reach the goal of cryptocurrencies of being used everywhere in a very rapid manner, but the huge number of scams have decreased the enthusiasm of people in this market and it is why it doesn't recover.

samcrypto

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Quote from: d3nz on December 04, 2019, 08:07:30 AM

We can ser that a lot of altcoins are popping-out-of-nowhere and they are usually worthless just a copy-cat from another project and they just changed a little bit so it will not be recognize by someone. And also new altcoins are really for making mney and developers taking advantage of people who are new to cryptocurrency world which means they can manipulate them using a promising profit in judt a year after it get listed which will not gonna happen.

And to avoid getting new altcoins being created we should not entertain and invest on theit campaign.

Its not fair not to invest on a new coin especially if they are good enough to stay in this market, its just like we are not open anymore to any ideas. Yes there are so many copy paste project but still some other coins have their own unique system which I believe can be a good opportunity for us to buy. New coins means new opportunity for us, just be careful on choosing those new coins before you invest.

d3nz

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We can ser that a lot of altcoins are popping-out-of-nowhere and they are usually worthless just a copy-cat from another project and they just changed a little bit so it will not be recognize by someone. And also new altcoins are really for making mney and developers taking advantage of people who are new to cryptocurrency world which means they can manipulate them using a promising profit in judt a year after it get listed which will not gonna happen.

And to avoid getting new altcoins being created we should not entertain and invest on theit campaign.

Pamadar

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Quote from: ?? on ??

The cryptocurrency room is open freely, everyone can enter easily, many new projects are being developed with a clear vision and we will find it in the cryptocurrency they are trying to create the best for crypto. if investors do not look carefully before they invest because it can make them lose everything

Without proper research and studies the project that you'll going to invest with will let you lose your money. You need to be specific with the usages
of the project if that certain don't have any target venues or any help it will be another coin that will be forgotten. There's are many coins inside this
industry and most of them was created to grab advantage with investors who doesn't have any ideas with this industry.

zeze18

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Quote from: ?? on ??

The cryptocurrency room is open freely, everyone can enter easily, many new projects are being developed with a clear vision and we will find it in the cryptocurrency they are trying to create the best for crypto. if investors do not look carefully before they invest because it can make them lose everything

Quote from: ?? on ??

The cryptocurrency room is open freely, everyone can enter easily, many new projects are being developed with a clear vision and we will find it in the cryptocurrency they are trying to create the best for crypto. if investors do not look carefully before they invest because it can make them lose everything

The ease of crypto creation making a double edge for crypto, in a bad side there are many scammers are making fake projects many times and keep scamming new people eho just enter crypto, but in a good side there are several people with a great idea could make a realization in crypto without big capital, so these kind of projects will be big in the future

jacafbiz

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Quote from: Red-Apple on October 29, 2019, 07:43:01 AM

the problem is that the community has changed from "wanting to see new projects that create a decentralized peer to peer currency" to everyone wanting a different thing "wanting to see projects that can give them the most amount of profit".

so if you look back, in early years we saw most altcoin projects be good or at least have some fresh ideas (i am talking about the first couple of years like 2010), but when you compare it with these days every project is only a money grab thing and people only want to trade them on exchanges. nobody even runs their wallets/nodes anymore.

Thank you, this statement nailed what is going on in the space on the head. Just look at Bitcoin, it was developed by unknown developer, no ICO and left the project to others and allowed the market to put value on it, what do we have now, ICOs for diluted ideas and greed from VCs have even made it worse, they do not care about project, provided their return is sure, they then dumped their tokens on small traders

superving

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Expect more altcoins by next year as we are near the crypto adoption. If cryptocurrency will be allowed in every country then altcoins ,tokens will be trippled in numbers.

Questat

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Quote from: doedz on December 02, 2019, 07:49:46 PM

I used to hear a comment that the more altcoin the better.
but the fact is that altcoin is currently difficult to get up and dying, I think more and more altcoin will be destroyed and abandoned.

We do not wish to have this lots of altcoins where almost all of them are worthless or not potential in the future.
But due to the popularity of ICO, lots of people with ideas try to raise funds and some even try to use fake profile just to scam investors.
In short, they are taking advantage of the market which is not fully regulated yet that's why the scam rate is really high.

adroitful_one

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Quote from: ajaymukund on December 01, 2019, 02:50:26 AM

In fact, the investment is also quite good and bring a lot of profits if we choose the right project. You are only talking about bad projects but there are also many successful projects such as Matic, Rune, Bittorent, ONE, ... so our problem lies in investment experience. You know, in this bustling market of manipulation, a colder head is needed than in other financial markets. Don't blame it, there are still many successful projects out there and your job is to find them.

That is only a few out of literally thousands of altcoins out there. The problem is, the source code is public and anyone can go in and change a few lines of text from the Bitcoin code and make it look like a new coin. Most of the projects aren't worth the trouble of even downloading the wallet(sometimes even that has a virus in it to steal funds). Unless a project brings something new to the world right from the get go, I usually try to avoid it.

doedz

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I used to hear a comment that the more altcoin the better.
but the fact is that altcoin is currently difficult to get up and dying, I think more and more altcoin will be destroyed and abandoned.

Bezobraznike

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I think it's a good thing that we have so many alt-coins. More alt-coins makes everything more interesting, they are
reflection of crypto-currency growth, more alt-coins, higher competition, better results in the end.
But not all alt-coins are good. Many went to zero, many are going there, just the strongest ones will survive this
hard competition, and the ones that survive will be here in the future, if I may add with much higher value then they
have now.

ajaymukund

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In fact, the investment is also quite good and bring a lot of profits if we choose the right project. You are only talking about bad projects but there are also many successful projects such as Matic, Rune, Bittorent, ONE, ... so our problem lies in investment experience. You know, in this bustling market of manipulation, a colder head is needed than in other financial markets. Don't blame it, there are still many successful projects out there and your job is to find them.

Innocant

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Quote from: fourpiece on November 29, 2019, 10:35:20 AM

Quote from: Reatim on November 29, 2019, 12:44:10 AM

majority of newly created altcoins now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting out and not putting money anymore thats why the real victim is the market and not those individuals.

you got it bro , projects that appears everyday are scam and just collecting money from investors then ran away, scammers will again create a new project with fake identities just to collect money and ran again.

This will be worst experience if we invest those project that want is to scam to those investor that have no experience in investing. So that's why many project are fake and make some coins that have no value on when the project run away or disappear in not time. So those who invested will be cry for losing their money. We all know there are lots of altcoins but one them are not worth to hold or trade.

shoreno

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no you cant risk duplicating a question if you will only know how to use the search function of the forum .
if people knew that these new cryptos are going to be unsuccesful then why would they still pay for it ? will they repeat the same mistake over and over again ? surprises are better than boring but this junk cryptos can sometimes be the reason for the market to collapse so be careful what you wish for .

fourpiece

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Quote from: Reatim on November 29, 2019, 12:44:10 AM

majority of newly created altcoins now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting out and not putting money anymore thats why the real victim is the market and not those individuals.

you got it bro , projects that appears everyday are scam and just collecting money from investors then ran away, scammers will again create a new project with fake identities just to collect money and ran again.

BChydro

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Quote from: rose9696 on November 23, 2019, 05:07:38 AM

Yes, that is the current state of the crypto market and scammers realize the potential and continue to create bad projects. This stems from people who have been in the crypto market for a long time but not richer than those who participated before 2015. They are always motivated to invest in profitable projects x1000 and the result is being knocked out by greed. It seems they need a lot of failures in order to become a smart investor.

Scammers will change their strategy and come up with convincing projects but now a days people are aware of the scum bags in the market as there are plenty of scam projects and majority lost their earnings to those scammers and none of the early investors will invest in any of these projects and hence many of the projects die off from where they start.

Reatim

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majority of newly created altcoins now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting out and not putting money anymore thats why the real victim is the market and not those individuals.

drachman

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Quote from: Exidous on November 23, 2019, 07:48:32 AM

Quote from: aomakun on November 20, 2019, 03:43:03 PM

Quote from: tiptopgemdotcom on November 19, 2019, 07:29:58 PM

The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.

it is indeed difficult for new projects to dominate in the market, especially for new projects that have the same concept as existing projects. maybe a new project will come alive if it has a great appeal from the community, in the concept they have to excel or not they will only add to the list of useless coins

New coins in this period often do not receive the attention of investors and that makes some projects crisis and if not specific strategies, that coin is only shitcoin. This market is very competitive and this year more than 90% of altcoins are wiped out of this market so think carefully before making an investment decision because no one can guarantee your profits.

If a coin is any good you can be sure that investors are going to put attention to it but when so many coins are scams or do not improve anything that bitcoin does it is completely fair for investors to ask themselves why they should invest in those coins? And they very quickly come to the conclusion that it is not worth to take the risk to invest in those coins when they have so little chances of surviving especially when it has become common knowledge that most icos for some reason or another have a high chance of failing.

Topic: So many altcoins - page 3. (Read 1722 times)