It is undeniable that too many altcoins are circulating now and sometimes do not have clear objectives. For some people, they make altcoin just to enrich themselves because it is clearly visible after the project runs and after getting the profit they run
each platform needs validator and that's a must. But this is what i can call that as the disadvantage of the decentralized thing when something that we called it as a smartcontract can't be controlled caused by the blockchain itself already made it become a native protocol. Almost all of them don't have objectives because until this time most of them are securities. Just hope the smartcontract platform will give more restriction. 
Topic: So many altcoins - page 8. (Read 1777 times)
It is undeniable that too many altcoins are circulating now and sometimes do not have clear objectives. For some people, they make altcoin just to enrich themselves because it is clearly visible after the project runs and after getting the profit they run
each platform needs validator and that's a must. But this is what i can call that as the disadvantage of the decentralized thing when something that we called it as a smartcontract can't be controlled caused by the blockchain itself already made it become a native protocol. Almost all of them don't have objectives because until this time most of them are securities. Just hope the smartcontract platform will give more restriction. 
It is undeniable that too many altcoins are circulating now and sometimes do not have clear objectives. For some people, they make altcoin just to enrich themselves because it is clearly visible after the project runs and after getting the profit they run
I'm not surprise to see that scenario since for the love of money there are people will take advantage of the fame of cryptocurrency for scamming purposes and we should be careful on new alts since for sure in 100% created only 5% of them is legit and it's so hard to find them.
I see from the positive side if a lot of Altcoin is circulating, there will be healthy competition in the world of Crypto, and I think that is something that should not be feared. If you want to invest, then you need to study the coins so that there is no loss. Don't make mistake with choosing coins that look good but actually they are just a scam.
You will only see the positive side on it if you are a trader and doing a 1 hit run trade on them since for sure you will earn 50% to 100% profit gain since mostly of them when listed get dump and suddenly pump in short time period.
It is undeniable that too many altcoins are circulating now and sometimes do not have clear objectives. For some people, they make altcoin just to enrich themselves because it is clearly visible after the project runs and after getting the profit they run
Indeed, altcoins are just a tool to make money in this market and creating a new altcoin takes a lot of time to implement because they need to build a community and always find ways to attract investment. I think investors usually only make a small return on their investment, but those who make the coin can make millions of dollars if the coin is of interest to everyone.There are a lot of very good people in the field of creating a new coin because they have so many good strategies and always think very differently than others so they are the best in the market.
It is undeniable that too many altcoins are circulating now and sometimes do not have clear objectives. For some people, they make altcoin just to enrich themselves because it is clearly visible after the project runs and after getting the profit they run
Yes there's a lot of altcoins then many only do it to earn some money that's why we see new and new alts here coming in crypto world
So as a user you need to study well if they have potential then do it really in new alts and actually for me few only are better to use here in crypto like for investing and using because they really useful and helpful like they brings so much convenience for so long period of time
So as a user you need to study well if they have potential then do it really in new alts and actually for me few only are better to use here in crypto like for investing and using because they really useful and helpful like they brings so much convenience for so long period of time
Yes, there are many coin listings in the exchanges which have no value, but as an investor, we have to choose them wisely otherwise, we will end up in loos. My suggestion better invests in the old coins which are actively trading in the market. New coins which are listed in the exchanges might cannot able generate volumes until we developments from the company.
Honestly I'm so tired of new altcoins being created every day with the same purpose of making quick money and then leave without any trace from crypto space or those who won't leave , they will simply abandon the project because " WE HAVE NO MORE FUNDS TO SUSTAIN IT " .
Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.
Profits are the main reason why investors like to participate in this market and most altcoins are just a tool to help them make money so the coins available in this market are usually not worth the investment. I always analyze a lot when investing and always choose only altcoins that can help me make a profit in the short term because I do not have much confidence when investing.Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.
I think it's best that you only find ways to make a profit during this time and do not hold for too long because the risk can be very high. I personally choose only good coins to make a profit and always set the price to sell before buying.
Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.
Good point. If there weren't any people investing in shady projects, there wouldn't be any of these projects at all because there is nobody to sell to and dump on. It's the basic principle of supply and demand.Most of the people who are pouring money into these projects are purposely gambling.... they buy a basket with a dozen of these projects hoping that one or two end up exploding in value so that they 10 or 100x their money.
If tens of thousands of people follow the same method of investing, shady projects being truly worthless suddenly manage to earn millions for creating a token out of thin air. It's ridiculous.
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.
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.
The rate at which new altcoins emerge is alarming and the bitter truth is that most team members will never fulfil their promises, most are concerned with making money only. So many fake write-ups on whitepaper and milestones that will never be actualized on roadmap. But in all, I'm still glad that there are some projects really doing great, with remarkable project development. 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.
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.
The rate at which new altcoins emerge is alarming and the bitter truth is that most team members will never fulfil their promises, most are concerned with making money only. So many fake write-ups on whitepaper and milestones that will never be actualized on roadmap. But in all, I'm still glad that there are some projects really doing great, with remarkable project development. 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.
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.
if we compare to few year later like 2010 it's too long, because bitcoin itself are creted in 2009, and the one of old coin Litecoin are created in 2013(CMIIW).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.
and in 2014-2016 many new altcoin are created with brilliant idea like Monero, Zcash and other with their great feature, and today new project are coming with the same idea and concept but different in name and claiming they are the first and best service
Honestly I'm so tired of new altcoins being created every day with the same purpose of making quick money and then leave without any trace from crypto space or those who won't leave , they will simply abandon the project because " WE HAVE NO MORE FUNDS TO SUSTAIN IT " .
Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.
Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.
so many Altcoin?? I don't think there is anything wrong with that.. the more Altcoins that appear -> the more are selected -> the more that is not desirable -> the more that disappears.
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.
You can't blame investors. Fraudsters today are very difficult to identifywell, maybe a lot of altcoin in the market for now could be an opportunity for us to selecting the best one,,
because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards
right.. ICO / IEO projects that fail to develop, become solutions and steal the hearts of the public will disappear by themselves. because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards
Those slightly smaller texts are more interesting than the bigger ones. The absence of control is itself the reason why the future of cryptocurrency looks clear. The future of fiat is vague because it is under control. By whom? By the elites, so few of them, controlling the rest of the population. It is a problem when money is in the hands of the few, the creation, control, supply, etc. It is less dangerous if money is out of control of everyone. What is needed is the money, decentralized, under no one's control.
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.
Is it possible to draw such a conclusion: not only the scammers are to blame, but the quasi-investors themselves that they give their money so easily... create a bait and risk. Probably many do not understand this.well, maybe a lot of altcoin in the market for now could be an opportunity for us to selecting the best one,,
because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards
These many options are a problem, especially for most beginners. I look at these thousands of altcoins in confusion. TOP 100, TOP 10, only Bitcoin? The market will choose the best 1-3-5%?, that's right. Due to the unconscious majority. This looks too suboptimal.because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards
***
I am grateful for many interesting comments.
The crypto industry reflects what all these people from around the world are worth. I guess the crypto community is not made up of the worst people. What would be crypto if everyone were here?..
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.
Crypto is a free sphere, and this freedom is not what you or I want. So it does not work with your or my rules and it is normal to have something different like this. Actually, unlike you I do not want to sell my freedom for anything. We accept this market as it is. It is the freedom itself that connects me here. Otherwise, I was already busy with Forex. 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.
Maybe in future we would understand that bitcoin can do almost what others coins that has low market capitalization are doing and some of them will die a natural death. It is a new market and developer are taking the advantage to get their own shares of the market.
Please tell those who are making use of those low quality altcoins and ask them what they offer that bitcoin does not, because I don’t understand why people would leave bitcoin alone and be making use of some of these coins that have no real value and are only riding under the hype of bitcoin, or claiming that they have a system that is better than bitcoin which I think it is absolutely insane to even think of that.The reason why the cryptocurrency is more like a speculative market right now is because of some of these fake projects that have nothing to offer than to end up scamming people, and this is why we have actually been asking the government to come up with regulation which I would say that it is because of lack of regulation that all these bad projects keeps getting registered.
Probably it will continue as long there is no governing body that creates regulation to implement about creating new projects. That's how decentralization works, you can actually create project you want but not subjected into any strict rule, unless youre in a country like US prohibit this kind of investment scheme where investors can be scammed and lose asset instantly. I'm not blaming SEC for such action but they have been really pushed.
It will continue this way as more and more developers will find new sets of ideas and proposed new project from time to time. Unless regulations will take place and prohibits new project. Though there's negative impact but looking for a brighter side,it can also give potential project to stand up and bring success to it's target audience.Just be careful if you still positive with this industry make sure to do your research to avoid being victimized of scam projects.
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.
Well things change and the community is now full of those kind of people.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.
After all they just get into crypto to earn profit they got interested when the price was flying high.
They don't really care about the project all they care about is the profit.
Indirectly though, people care about the project. Because if a project fails, their desire for money also fails. If a project acquires success and gains positive return, they will also gain profit from their investment. This is now the trend. The success of the project is being taken as a success for money. It is not being taken as a success for the product the project is promoting or the success of the world in gaining a new technology. The success for crypto to a lot of people is the rise in price and nothing else.
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