Topic: Too many Altcoins without value? - page 7. (Read 1239 times)
Yes, I agree with the author's opinion. There are actually many altcoins emerging in the market right now and it will be very hard to know if such ICO is legitimate and not a scam. Though this is just my second bounty campaign and I am not very skillful in choosing for a good signature bounty and my style of choosing a good ICO is to check the participants joining to such campaign if there are many high ranking members who had joined the campaign. Because of the many emerging ICO, I don't think many of these will survive longer since investors were now already being divided on their investment.
That's the problem right now, and I'm worried about a lot of tokens if you hold them for a long time.
So maybe a year from now this token will disappear.
So maybe a year from now this token will disappear.
Yes there are a bunch of altcoins that have no value for a longer time. It is due the developer stop to update the project which make the development stopped and the project. No real use product and bad marketing are the other things that mostly will make a project stuck.
There are more than 500.000 coins are now and a half of them are trash. I suppose someday the crypto market will fed up and investors will pay attention only on top-three coins.
i agree with this post , most of ico even do not pre plan their strategy , their main goal is to raise funds only .
even ico which have best team dont do proper planning .
even ico which have best team dont do proper planning .
I quite agree with your ideas, to many of the ico project does not be born the product now, as you said may be an idea, what kind of want to do, but in the end can be implemented, and the implementation is useful really, after all of these are unknown, so these new kinds of greater risk
In fact, the crypto currency market itself is speculative, many coins from the first hundred do not offer anything except ideas and big promises, the value of the token often depends on the names of the developer and the team, many want to repeat their path, so every day there are projects that are worthless.
In fact, it turns out that most projects don't carry any improvements in the field of blockchain or real application in life. After a long listing, you can understand that the community is not interested in the project.
It could be possible thing to happen cause of having a lot of unrealistic projects flooded in here. Not to mention also a huge numbers of undeveloped projects due to of its usefulness in the community and let it die. Really bad to see how it affects the entire crypto community and it may cause of losing trust from investors.
Yes it is really so, because people simply invest without looking, they just do not understand what they are investing their funds, today there are a lot of projects that have no value at all, it seems to me that this looks very sad.
There is to many ICO are coming with their coins without any active developers and also without community support.
I think most of these coins first come to the market and after that they prepare their own community for their publicity. Which is wrong and due to this they do not get good value in the market.
And this is the main reason, why maximum coins have no value.
I think most of these coins first come to the market and after that they prepare their own community for their publicity. Which is wrong and due to this they do not get good value in the market.
And this is the main reason, why maximum coins have no value.
Yes that are.because when the coin have enter the market and many investor have buy it in ico when pre sale and main sale a lot of them will sell the coin back to gain profit and then many bounty hunter doing the mass sell after the bounty end, it cause the price drop deeply and have no big value. As you said to make community first before the coin offering i think its hard to do except the country that launch a coin, it will have the community that will use it(citizen).
We just can't avoid that scenario to happen because of the many ICOs aprouting around some of them maybe scam and some did not materialize as plan.
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Yes, there is more and more coins coming with no value at all, I mean some coins come and published and it has $. 5 - $2, but some are coming $. 02 and some are much lower and it has a billion supply, of course everyone will think that this coin has very slow progress and along the way it might just die. So. When I saw this in front of their bounty, I'll pass and I don't even read the continuation...
currency without value is a kind of Klondike for investors because if you study the project correctly, you can make good money by buying them on the bottom
An altcoin has value when people buy it. If there are no buy orders, it won't be worth anything. Same with projects that aren't on an exchange, they won't have any official value. You can do private trades with someone but that doesn't mean it's the real value that people would pay when it's on an exchange.
I also see that there are far too many coins, more so that there is many that are just clones and don't really have any proper applications.
We see so many also with huge pre mines that can only put the devs in the right place when they do take off even if it is still under a dollar.
They are all trying to emulate what bitcoin has achieved but bitcoin has taken time to get the position it has now and market dominance.
Community is as important as the currency is it is hard to build a community without a product but it is easier to grow a community with a product as confidence grows so does the community.
Speculative trading is always going to happen as with any new crypto currency most peoples goal is for it to make them rich. As the community grows and more do start to accept it for goods it will become more of a currency rather than a coin that is just traded.
It is really scary to invest if you are not so familiar with what you are investing. It is better to make sure that the altcoin is valuable and is used widely by the community. Because some new coins might be easily lost its value or has no value at all. We see so many also with huge pre mines that can only put the devs in the right place when they do take off even if it is still under a dollar.
They are all trying to emulate what bitcoin has achieved but bitcoin has taken time to get the position it has now and market dominance.
Community is as important as the currency is it is hard to build a community without a product but it is easier to grow a community with a product as confidence grows so does the community.
Speculative trading is always going to happen as with any new crypto currency most peoples goal is for it to make them rich. As the community grows and more do start to accept it for goods it will become more of a currency rather than a coin that is just traded.
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.
Total agreed with you. Many of them just only offer paper ideas to the world without the real things or real adoption. All of that should be perfect ideas but the real never work simple like their little group ideas.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.
That's why some of Gov and many person worry about it and make a WARN to all investors. but funny that make market shake. But we will need all of that action to bring ICO similar trust place like IPO
this is what makes me anxious
crypto assets that do not have a price and can not be sold is very detrimental to the user
should, a team and developer should be able to form a community first, which serves as the first consumer
so, the community can also help rebranding related coins
crypto assets that do not have a price and can not be sold is very detrimental to the user
should, a team and developer should be able to form a community first, which serves as the first consumer
so, the community can also help rebranding related coins
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