So many altcoins - page 9. | Bitcointalksearch.org

xvids

sr. member

Activity: 1176

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Quote from: Red-Apple on October 29, 2019, 06:43:01 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.

Well things change and the community is now full of those kind of people.
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.

LouVandetta

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Activity: 602

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Quote from: Red-Apple on October 29, 2019, 06:43:01 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.

Exactly, Nowadays people only care about how much amount of profit they could make from a certain project.
People used to think like how fresh the ideas of ones project and cannot wait to see how far the progress it could make back then, than when it dives to an exchange, trade them and we're done.

With how many altcoins now, it's hard to choose only few. Even when the new ones comes out, it didn't really attracts people's attention.

Kotone

hero member

Activity: 1372

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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.

republicrypto

sr. member

Activity: 1414

Merit: 252

Keep it Simple guys :)

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

Altcoins enthusiast

member

Activity: 490

Merit: 17

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.

Shasha80

sr. member

Activity: 1876

Merit: 318

With many altcoins like this bring negative effects on cryptocurrency. Because it's easy to create ICO / IEO projects many
people are more interested in creating their own projects than using existing projects. This is an opportunity for scammers
trapping his victims, through scam projects. Or the token managed to enter exchanges but did not have the large volume
and become shitcoins. So from that conditions like this must be overcome from ourselves more carefully in choosing coins
or projects that are profitable.

toast

sr. member

Activity: 1582

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Quote from: Patrix_1 on October 29, 2019, 03:50:02 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.

it is true that many projects today end in fraud because investors are not careful and smart in analyzing every project used to invest and of course there are many altcoin coins that have no price and value and now it is very difficult to find projects that can benefit in our investment. more thoroughly

adaseb

legendary

Activity: 3808

Merit: 1723

Right now the only alts which are showing some movement are the large cap alts and mostly the ones found on the Bitmex futures or the alts with USDT pairs on Binance. Many of the medium or small cap alt coins are still at all time lows.

The reason why these alts are showing activity is mostly due to speculations where everybody wants a repeat of January 2018 where the altcoin market went crazy when bitcoin was pulling back.

This week we are getting large moves on the main alts like TRON, BCH and ETH. It looks like people are selling their BTC and buying these alts or selling their USDT/USD and buying the alts. It all points to the start of a bull-run.

BitcoinHunt3r

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Leading Crypto Sports Betting & Casino Platform

Quote from: Pelunize12 on October 29, 2019, 07:45:57 PM

Quote from: Patrix_1 on October 29, 2019, 03:50:02 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.

i believe too that there are some people invest without any research. but i wonder why it can happen continously
in my logic, if we fail/ lose, we will learn from knowledge. it must be applied to investor. they will learn from their mistake. that's reason why i wonder about that
Fortunately, shit projects decrease so drastically now compared with 1-2 years ago

Instan profit, without hardwork. It will be same with why people still do ponzi scheme when know it end is to scam people. And it is worse than ICO for now, at least ICO although make people lose money, they not lose all their money except if it is not listed in market. But all of it still appear, new project keep appear because there are demand of it. If people start to stop ask for it, they wouldn't appear anymore.

DosManos

full member

Activity: 224

Merit: 100

yes we are developing the ecosystem of "i will make my own project" instead of "i will use existing project for my needs"
and it will be that way until openning a new project wont make people enough money to cover their expenses
its much cheaper to build something on an existing platform and it can be very useful for the platform that it built on and for the entire ecosystem if thing start to work that way.

Pelunize12

sr. member

Activity: 658

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Quote from: Patrix_1 on October 29, 2019, 03:50:02 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.

i believe too that there are some people invest without any research. but i wonder why it can happen continously
in my logic, if we fail/ lose, we will learn from knowledge. it must be applied to investor. they will learn from their mistake. that's reason why i wonder about that
Fortunately, shit projects decrease so drastically now compared with 1-2 years ago

Inkdatar

hero member

Activity: 1582

Merit: 523

Quote from: Patrix_1 on October 29, 2019, 03:50:02 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.

We cannot control other people this is why many have been a victim of a scam because of lack of education, and lack of research of a project. There’s so many created project some of it a carbon copy and no uniqueness so we should be careful in choosing a project to invest. This is a learning lesson to all of us to always assess a project before investing.

albrots

sr. member

Activity: 534

Merit: 250

The opportunity that is indeed utilized by scammers to raise fresh funds from investors with ICO and IEO that will look successful and with big discounts. The innovations they made did not exist, only copied the existing and disguised framework. Altcoin world is too much inhabited by scammers who want to drain your money. every day continues to grow, but we also have to grow and promote projects that are truly original. Don't be inferior to a scam project that is useless. Report if indicated a scam to leave immediately.

Distinctin

hero member

Activity: 2926

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No dream is too big and no dreamer is too small

Quote from: disconnectme on October 29, 2019, 12:47:03 PM

Quote from: Red-Apple on October 29, 2019, 06:43:01 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.

This is a major concern in the space now, new ideas are stalling and the so called new projects are just a copy of odd ideas and are not solving the problems in the space. Some people just want to head a project and be called founder and developers. Why create something that add no real value to the space

Because these project owners and developers just only considering their own profitability but not as a whole. It really affects crypto vision which I don't think that new investors see it nowadays. If I am doing investment today, I only look for old projects cause they already establish a reputation in the market for us to have the assurance and returns in the future.

cryptonx

sr. member

Activity: 1176

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Futurov

Quote from: BitCoLovey on October 29, 2019, 05:23:23 AM

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.

no body can control this industry my friend
because generally crypto use a decentralized system, thats the main causes
and people should learn from the past to protect their money from scammers, cheaters and others

Patrix_1

member

Activity: 364

Merit: 10

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.

South Park

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I am terrible at Fantasy Football!!!

Quote from: adroitful_one on October 29, 2019, 08:35:37 AM

This is the problem with open source software. If it's something good, everyone is going to try and copy it. Just look at Linux. There's so many different Linux distributions out there nowadays. Some are good, some aren't worth the trouble putting on a flash drive. It's the same way with cryptocurrency. Your best option is to stick with only things in the top 100 on coinmarketcap. Unless you're just really trying to make something out of nothing. But, that's always high risk.

This is the price that we have to pay for our freedom, the source code of bitcoin can be accessed by anyone so the only thing that scammers need to do is to modify it a little bit and then they can claim that somehow they improve it when that is not true, some are suggesting that we need regulations to combat this problem but I disagree what we need is to warn possible investors that the chances that they will lose their money are very high and as such they should stick to the most popular coins.

disconnectme

hero member

Activity: 1876

Merit: 512

Quote from: Red-Apple on October 29, 2019, 06:43:01 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.

This is a major concern in the space now, new ideas are stalling and the so called new projects are just a copy of odd ideas and are not solving the problems in the space. Some people just want to head a project and be called founder and developers. Why create something that add no real value to the space

BChydro

hero member

Activity: 1426

Merit: 506

Quote from: BitCoLovey on October 29, 2019, 05:23:23 AM

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?

Avoid all the projects and then it will be easier for you to deal with the scam market, if there is a potential project with a reputed team then you can plan on investing but with all those projects with reputed developers or team it is hard to be the initial depositor as there will be other angel fund houses to invest during the initial phase.

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

Previously I assumed it would be effective against monopoly risk because the market would be healthy with structured volume sharing. But it turns out the quality of this new coin is very disappointing because many developers do not understand how to synchronize the development of coins with the situation of their coins in the market. and the rest are fraudulent products that only focus on sales profits, and then wash assets neatly.

But this experience actually strengthened investors to be more careful afterwards. regulation is the only way now, or this coin will continue to damage the crypto reputation for quality, sometimes innovation will fail if it doesn't have enough long-term support.

Topic: So many altcoins - page 9. (Read 1783 times)