Topic: Too many Altcoins without value? (Read 1200 times)
In order to see more value in the altcoin world, I think we're going to have to wait to see some truly useful utility coins come out and get some decent market adoption to bring some interest back into the sphere. Once that happens, we might start to see some traction in the price of the useful coins.
Yes i agree with you cause there is a lot of Altcoin who copy the old coin feature and some of them is scamming too. Beside that a lot of coin only focus for exchanger and after listing in exchanger they not focus on their product and it make the coin slowly die.
Well, when we observe the market there are really many altcoins and shitcoin. It becomes no value because of no improvement in their project. So for us not to get lose when we invest let us search first before we put money in crypto. 
Utility token is the next big thing compared to many dead useless shitcoins and it is much better to create product or services first than creating useless coin. Utility token is paired with ITo (initial token offering) which is the cunter part of ico. Scammers can easily create shitcoins with no value at all but creating winning product and services is what makes the utility token more credible.
Yes i agree with you cause there is a lot of Altcoin who copy the old coin feature and some of them is scamming too. Beside that a lot of coin only focus for exchanger and after listing in exchanger they not focus on their product and it make the coin slowly die.
I also believe that the amount of existing cryptocurrencies seems excessive in view of how small the market is still, but we must take into account that this is to be expected in an open market like this, where anyone interested in benefiting from the expected crypto boom can aspire to take a slice of the pie, however, since many of the recently launched projects never had a viable idea and only arose for purely speculative purposes, it is difficult for them to survive the hard blows of the current market, which will only be willing to give life to viable and reliable projects.
My dear, what you say is so true. A lot of coins without future. Wish things will just be different as the developers of these coins will do things differently.
Thanks for sharing.
Thanks for sharing.
it is true. and actually it is a very good thing for the ecosystem. because we all know that most of the projects that based on blockchain are scam. that is why they become crap and shit coins after a while. so it means that people are aware of those scams.
Indeed, they are not having value because they just created the coin without a real project planning and execution.
Another thing to consider is the marketing strategy of the coins.
If they have enough funds to do some good marketing activities, then their coin will have value even there still no product.
Those altcoins that has no value are those coins that was just starting their campaign for that crypto they implemented. I believe that every crypto has their own value but at the moment it is hard to justify the true value of altcoins because of the current situation of the market and I bet that it has a huge impact to the value of the coins too. Another thing to consider is the marketing strategy of the coins.
If they have enough funds to do some good marketing activities, then their coin will have value even there still no product.
Many creators have created altcoins and tried their luck in the crypto world. Altcoin that has unique and powerful technology, that's an altcoin that will be able to compete with other altcoins. If a new altcoin that is born does not have its own privileges, then it will be destroyed over time.
Indeed, they are not having value because they just created the coin without a real project planning and execution.
Another thing to consider is the marketing strategy of the coins.
If they have enough funds to do some good marketing activities, then their coin will have value even there still no product.
Another thing to consider is the marketing strategy of the coins.
If they have enough funds to do some good marketing activities, then their coin will have value even there still no product.
Its true that too many altcoin in market. There is more than 1900 different coin and token in market and for investor its hard to make investment choice because many coin or token have similiar project with different total supply.
This is the reason why Ethereum can't easy to recover, because there is so many Scam ICO Altcoin base on Ethereum.
Indeed, it seems to me that the number of cryptocurrencies and tokens that exist today is too small compared to the great potential that the market still has and the myriad of products and services that can still be integrated into this emerging market, so that we should not be surprised to see a much larger number in the near future.
That's make everything. Altcoins should be value very much and most of them right now are experiencing the -95% of decline since ATH
i'm pretty sure some are dead projects and they will have value on bull market.. The cycle keeps repeating.
i'm pretty sure some are dead projects and they will have value on bull market.. The cycle keeps repeating.
Maybe it's just my perception, but in these times when new coins appear every day, it seems to me that most of them lack value.
I have seen that many currencies are created based on an idea, that they intend to be used for something, even though at present they are useless, they are based on the hope of being used. I hallucinate seeing how some collect millions in the ICOs only promising that they will be adopted en masse, only selling an idea that has not yet been started or developed.
I wonder what chance of success has a currency that is defined as "the new currency that will replace Bitcoin" or any other great concept if only based on a theoretical idea.
Do you have to create the currency first and then wait for a community to be created that uses it?
Would not it be better to have a community first than willing to give the currency a real use before creating it?
I believe that for the creation of a new currency to make sense, it has to respond to a real need for the exchange of goods and services, if we only buy a coin with the hope of selling it more expensive, if there is not a community that supports it, We will be betting on a pyramid system, and we all know how those systems end.
That is just my opinion. I do not know what others will think.
There is definitely a lack of innovation lately in the market and that is probably the one causing the whole market to drop the way it has been doing. I have seen that many currencies are created based on an idea, that they intend to be used for something, even though at present they are useless, they are based on the hope of being used. I hallucinate seeing how some collect millions in the ICOs only promising that they will be adopted en masse, only selling an idea that has not yet been started or developed.
I wonder what chance of success has a currency that is defined as "the new currency that will replace Bitcoin" or any other great concept if only based on a theoretical idea.
Do you have to create the currency first and then wait for a community to be created that uses it?
Would not it be better to have a community first than willing to give the currency a real use before creating it?
I believe that for the creation of a new currency to make sense, it has to respond to a real need for the exchange of goods and services, if we only buy a coin with the hope of selling it more expensive, if there is not a community that supports it, We will be betting on a pyramid system, and we all know how those systems end.
That is just my opinion. I do not know what others will think.
Many coins do not really have value since many want to earn easy money on it creation. The whole market is mired in shit this is not what Satoshi Nakamoto dreamed of.
Yes there’s too many another currency without value because there’s a lot of scammers that expert of pretending a good one coin or investments in this kind of business and industry.
The number of projects is growing every day, respectively, creating new tokens. When projects do not achieve their goal, their tokens are not in demand and fall in price, sometimes even to 0.
Yes there are way too many of them. A lot of the altcoins that we have now in the market are worth nothing and the only thing that are still keeping them alive is because of the people who trade in altcoins, without them , most of these altcoins would have gone back to zero at this point. It is better to do research into a coin before deciding to buy into it.
Lots of coins claim to be the new one to replace bitcoin but it turns out that they have all failed to achieve that goal. They should try something else with a different target audience, just like dogecoin did and they succeeded with their aims despite being a joke coin
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