So many altcoins - page 7. | Bitcointalksearch.org

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: BitCoLovey on October 29, 2019, 06:23:23 AM

I risk creating a duplicate question. But I'll try.

A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?

Yes, some projects look interesting and potentially. I like the idea of global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.

Common man don’t be so serious about them because new project is such a stupid thing to tackle,as you have seen almost everyday there are projects coming out and what’s next?another victim of scamming is shouting?lol stop listening and reading about him as I have stopped checking the ANN thread section and the bounty altcoins as well because they are not part of crypto community now instead those section must be deleted for victimizing crypto investors and hunters

cryptoangel

sr. member

Activity: 700

Merit: 250

Quote from: gaston castano on November 03, 2019, 06:32:35 AM

Quote from: Patrix_1 on October 29, 2019, 04:50:02 PM

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

In crypto platform number of trust worthy projects also available in the market. But peoples are only concentrate the booming projects so how it will dump continuously is hard to said. So scam projects was reduce the people trustworthy and it will affect the some altcoins. I always concentrate the huge volume altcoins so those follow the same format it will make good profit.

gaston castano

sr. member

Activity: 1526

Merit: 251

Quote from: Patrix_1 on October 29, 2019, 04:50:02 PM

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

sirminesalot

sr. member

Activity: 1148

Merit: 252

Quote from: Ararbermas on October 31, 2019, 06:47:58 PM

Altcoins is growing time on time mate but mostly of them are copy paste project .what i mean they are fake or scam wherein they copying a good project only just to convince participants easily . Such the design of the site and all the good things that can be found in some legitimate projects. this is very common strategy now and reason why the number altcoins is keep growing because after scamming.they will disappear and will come up with another project with new name but the same patform and strategy. So we need to be careful on this kind of modus.

maybe because it's very easy for people who are not responsible to make fraud with it because there are no institutions or regulations that are binding in the law and it is used for people to make fake projects and lead to fraud and many investors who are disadvantaged in my opinion it's better to use altcoin which already has a ranking crypto market

Kurokonobasuke

full member

Activity: 546

Merit: 122

★777Coin.com★ Fun BTC Casino!

Quote from: kanayaTabitha on November 03, 2019, 02:36:01 AM

Quote from: zidanw on November 02, 2019, 09:32:12 PM

Quote from: Ferris419 on November 02, 2019, 12:16:08 PM

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental !

Most of them are based on ERC-20 tokens , it's because creating an erc-20 tokens is easy and free. They just have to submit a form and create their own token.
This is like double edged knife for crypto industry because, many great idea from people who has no money want to create a project can be realize, but also people can make a fake project and their intention just for scamming people is easy to make.

Although it's quite easy to use ERC-20 tokens seem too easy, making it valuable to the market is the difficult one since you'll need to register it through the exchange and for your project become more popular, you'll need to register it to coinmarketcap in which you need to supply some of their requirement.

kanayaTabitha

sr. member

Activity: 980

Merit: 252

Quote from: zidanw on November 02, 2019, 09:32:12 PM

Quote from: Ferris419 on November 02, 2019, 12:16:08 PM

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental !

Most of them are based on ERC-20 tokens , it's because creating an erc-20 tokens is easy and free. They just have to submit a form and create their own token.
This is like double edged knife for crypto industry because, many great idea from people who has no money want to create a project can be realize, but also people can make a fake project and their intention just for scamming people is easy to make.

tonyvo2017

member

Activity: 526

Merit: 10

Lifestyle & Wellness Platform

Quote from: BitCoLovey on October 29, 2019, 06:23:23 AM

I risk creating a duplicate question. But I'll try.

A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?

Yes, some projects look interesting and potentially. I like the idea of global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.

This is the nature of the crypto market and we need to accept it. Because fraudulent projects are difficult to raise capital on the stock market (IPO), so this is a good environment for them to scam people easily.
If the government intervenes in the market, I believe that many manipulated organizations will flee and the market will easily collapse.

zidanw

sr. member

Activity: 1162

Merit: 258

1xbit.com

Quote from: Ferris419 on November 02, 2019, 12:16:08 PM

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental !

andreibi

legendary

Activity: 1647

Merit: 1012

Practising Hebrew before visiting Israel

Quote from: BitCoLovey on October 29, 2019, 06:23:23 AM

Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

Ahhh. Devs gotta eat too, you know. Even during the early years, there were a few projects which had zero-profit, contributing developers. Guess what happened? They quit because they cannot code for free forever - also their focus were not concentrated which meant longer periods between updates. The most successful projects were always the heavily funded and community supported.

mR.k0fka

member

Activity: 210

Merit: 10

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.

totally agree with that
but thats how humanity works.. everyone wants to come and do it with something that he created
there are many new projects that are there just because business men dont want to come with investment of their own, its easier to create something.
thats how the world works and have to see the beauty in it .

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Ferris419 on November 02, 2019, 12:16:08 PM

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!

Investors are not really responsible for the existence of those awful coins, the ones that are at fault are speculators, speculators do not really care if a project has a future as long as they can make money with it, when scammers realized that speculators only care about money they began releasing hundreds of coins that do not really bring anything to the community, then the only thing they needed to do was to wait for one of those coins to become popular and become rich themselves.

hulla

hero member

Activity: 1820

Merit: 566

Quote from: Wysi on November 02, 2019, 12:05:41 PM

Quote from: Flor1982 on November 01, 2019, 11:05:48 PM

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto currency concept so i think the problem should not about the constant new Altcoins that were introduced in the market but some people that are creating new Altcoin projects just to steal from the people.

No that's no exactly the current market situation because nowadays investors are shying away from ICO and anyways most of new ICOs are unrealistic and just there to scam investors of their money and bounty hunter by wasting their time. There needs to be a KYC for all the new projects which will keep the scammed away.

The crypto investors are not totally back off from investing ICO and new IEO project but investors don't trust much in ICOs cause it not all new project that are neither unrealistic, purpose to scam investors nor bounty hunter are wasting their time.
I believe the problem is also from the investors and bounty hunters end because they are recycling the same strategies used when crypto market is scam free when they needed an outstanding strategies to out smart crypto scammer while bounty hunter needed the knowledge to choose quality project.

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: BitCoLovey on October 29, 2019, 06:23:23 AM

New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.

This is true and we can't deny it. We, unfortunately can't stop the cash flow and since blockchain gives so much freedom and money to individual pocket is increasing.

But it is about freedom and rights to create new project. Regulation to control it, is also highly arguable.

kolonel_x

sr. member

Activity: 1092

Merit: 250

Quote from: Wysi on November 02, 2019, 12:05:41 PM

Quote from: Flor1982 on November 01, 2019, 11:05:48 PM

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto currency concept so i think the problem should not about the constant new Altcoins that were introduced in the market but some people that are creating new Altcoin projects just to steal from the people.

No that's no exactly the current market situation because nowadays investors are shying away from ICO and anyways most of new ICOs are unrealistic and just there to scam investors of their money and bounty hunter by wasting their time. There needs to be a KYC for all the new projects which will keep the scammed away.

ICO is often abandoned by investors because it often deceives many people, but there is also a successful IEO and entered the market, but after that the developer fled because he brought investor money, is it the same as ICO? It's hard to disappear a cheater from this crypto world.

cunguks

full member

Activity: 854

Merit: 101

Polkadog - Multi-Chain Defi Meme

Quote from: Ferris419 on November 02, 2019, 12:16:08 PM

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!

if there are new coins with the same ideas and concepts I will choose coins that have been traded with a more tangible development than investing in a new project that will not necessarily have a good market. there are many altcoins but if they manage to grow their community it will be good for the crypto market. but if only fighting over communities and markets with existing projects, it will be the same and not have an impact on increasing trade. new projects with new altcoin should be able to attract new investors and that will help the growth of the crypto market.

Ferris419

hero member

Activity: 1008

Merit: 501

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!

Wysi

sr. member

Activity: 1624

Merit: 261

Quote from: Flor1982 on November 01, 2019, 11:05:48 PM

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto currency concept so i think the problem should not about the constant new Altcoins that were introduced in the market but some people that are creating new Altcoin projects just to steal from the people.

No that's no exactly the current market situation because nowadays investors are shying away from ICO and anyways most of new ICOs are unrealistic and just there to scam investors of their money and bounty hunter by wasting their time. There needs to be a KYC for all the new projects which will keep the scammed away.

kaconk

hero member

Activity: 1083

Merit: 503

many altcoin, many choice. old altcoin die - then come new one. bring new innovative or - renew the old one. repeat.. and till a bunch of altcoin around us.. who can control it? nothing!
but only promising project and have a lot of potential that will survive. its will back to who involved around, its mean... us!! community!!

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Flor1982 on November 01, 2019, 11:05:48 PM

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto concept so i think the problem is not about the constant new Altcoins that were introduced in the market but the bad people that are creating new Altcoin projects just to steal from the people.

We can't control that part as this people loves to take advantage of quick benefits. This types of developers are the one who keeps showing and selling ideas to investors who intentionally here to gain profits but instead, they are the one who are being victimized. If you are aiming to enjoy your investment stay, try to focus with older project that have good support from the community and have a good developers behind.

Flor1982

full member

Activity: 714

Merit: 100

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto currency concept so i think the problem should not about the constant new Altcoins that were introduced in the market but some people that are creating new Altcoin projects just to steal from the people.

Topic: So many altcoins - page 7. (Read 1722 times)