Topic: Too many coin in circulation - page 4. (Read 915 times)
Many new coins that have sprung up have two sides, first the positive side the more new altcoins the better the crypto development in the future while the negative side is that many people are not responsible for looking for profits for the team and themselves so we should be more careful with each altcoins are popping up at this time
And today I see many of my friends pledging their homes to join this market, giving them advice as they plunge into this market like gamblers looking for luck. OP, you will see nothing if you just look at the coins, to me all is just an option to make money if the point of view is from the beginning to seek profit.
Bitcoin is unique, the rest are the things that will take away bitcoin
I had imagined before what if Bitcoin was the single choice. Bitcoin is unique, the rest are the things that will take away bitcoin
It could have been in hundreds of thousands in value by now.
A competition is a good thing but when it goes this high of amount then the value goes lower. Money coming in is divided.
Trust also becomes an issue. Scams. Seeking a decision will need digging that takes days to pick a valuable coin out there.
And today I see many of my friends pledging their homes to join this market, giving them advice as they plunge into this market like gamblers looking for luck. OP, you will see nothing if you just look at the coins, to me all is just an option to make money if the point of view is from the beginning to seek profit.
Bitcoin is unique, the rest are the things that will take away bitcoin
Bitcoin is unique, the rest are the things that will take away bitcoin
Crypto has issued a lot of new altcoins every year and even today new coins continue to emerge, we just look at the positive side when many new altcoins appear, it means crypto has started to advance seeing the movement of ico from 2018 and then it is very different from today on the other side of the mission. Developed new altcoins can benefit most members to advance crypto in the future
Well too many circulating coin in the crypro market is somehow good news for us because it means there are a lot of options to choose to invest. Having a lot of options is a big advantage especially if we will study the potential coins.
That's true and it could also increase the flow of money to the market than just having too few coins. But, we also can't ignore that there's many coins out there that also ended up failed because their quality can't really keep up with the market, so if the market gets overflowed with low quality project or coins it kinda seems useless and bother the market stability. Not to mention that the capital that should go into quality project got spread out to some low quality projects hindering the development of many projects that have potential to change the world.
Takes a minute or two to make your very own token. Trade, exchange with friends or if smart and can convice someone to "invest" you can sell it.
Three steps to make or buy someone elses created digital tokens, free choice.
1) Have wallet and authorize the creation of new tokens
2) define the settings, such as name and initial supply
3) mint the tokens
Three steps to make or buy someone elses created digital tokens, free choice.
1) Have wallet and authorize the creation of new tokens
2) define the settings, such as name and initial supply
3) mint the tokens
but some investors prefer new projects released on the stock exchange.
of course, all of them have the same principle of getting a profit from the money they invest. but everyone has a different view of each project and asset.
If you mean assets from certain projects that are already on the market and especially those that are already in the top market, of course, there is no need to doubt. all of that is almost risk-free when you choose a top market asset.
I think it is very natural because everyone is free to choose and act according to their own wishes because they work with their own money and the goal is to make a profit from the work, even though there have been many suggestions received from other people, but the thing that the most important thing is to have your own decisions before taking advice from others. of course, all of them have the same principle of getting a profit from the money they invest. but everyone has a different view of each project and asset.
If you mean assets from certain projects that are already on the market and especially those that are already in the top market, of course, there is no need to doubt. all of that is almost risk-free when you choose a top market asset.
Their are countless star in the sky. But only few are big in size and shine well at get our attraction towards it.Likewise, their are many trusted altcoin in the market. You should find that with your knowledge is more important.Most of altcoin will be fake. Some are created to sell for certain margin and disappeared after certain portion was sold.
Yup, there are a lot of coins in circulation, but how many of them are actually very popular and has an active community? Very few. Crypto market is mostly a decentralized market and no one can stop anyone from making a new coin. Even though new coins pop up everyday, only few manages to survive. Again, most of them them are made to scam people by making false promises or just manipulating the price. Some people are aware of this and tries to take advantage of the pump and dump. Only few selected coins that has actual use case and active community are the ones that are leading. And good working pointing out the factors that will actually help people to figure out which coin is better!
Every year new coins will continue to emerge, They will continue to race to be the best, coins that are in high demand and capitalization will continue to survive and useless coins will be left behind. There is no guarantee here that a coin that looks good will last, If you want to invest, look at the criteria you have mentioned above, then you will be saved.
Crypto users really knows that there are too much coins, every project is liable with it's token. Sometimes we cannot distiguish whether a coin has a purpose or not, how it can help other earn profits and how it can change the crypto world. As the time pass by, the number of coins are still increasing, so better watch out for other new projects.
The sooner your learn what alts are about the better for your own good. The fact is that they are perfectly all right to play as bets or high risk and many of them produced extraordinary results in the past.
If you have the right tools when choosing the project to invest your money, the better chances that you'll earned fromthis venue of investment, more on self-education.
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Notice that none of this gave the profit in the form of yield, they are mostly about price growth. Second, the key to invest is having the time and knowledge to figure out if a team really has the ability and the resources to effectively carry out a project. Entrepreneurship is a difficult and complex business and is easy to fall for a scam, or what is more frequent, an incompetent team.
I agree with time, having enough time to educate yourself will lead you to succeed from this market. Knowledge is the
best counter from any form of scams.
Crypto market is open for everyone, there is no way we can stop someone from entering this market. Thats the beauty of crypto market whether you like it or dislike it. From so many altcoins in circulation we have to find gems just like sea divers find gems from bed of sea.
The sooner your learn what alts are about the better for your own good. The fact is that they are perfectly all right to play as bets or high risk and many of them produced extraordinary results in the past.
Notice that none of this gave the profit in the form of yield, they are mostly about price growth. Second, the key to invest is having the time and knowledge to figure out if a team really has the ability and the resources to effectively carry out a project. Entrepreneurship is a difficult and complex business and is easy to fall for a scam, or what is more frequent, an incompetent team.
Notice that none of this gave the profit in the form of yield, they are mostly about price growth. Second, the key to invest is having the time and knowledge to figure out if a team really has the ability and the resources to effectively carry out a project. Entrepreneurship is a difficult and complex business and is easy to fall for a scam, or what is more frequent, an incompetent team.
over time, a lot of coins will disappear
That's what happened in 2017 bull run also. There were many coins which were in top 10 in 2017 but those are not avaible in 2021.Only the good projects coins will survive long term while rest of the coins will just disappear as no one will buy the shitcoins and there will no demand for them.
but you can try again and clarify if what you mean is that the ranking of top 10 coins from 2017 have changed because that is more valid because i think few coins are now kicked out in top 10 and replaced by new coins like bnb , dot and etc ..
The other top coin replaced due to some technical difficulties and we can still see them down the list although they are replaced but still they are at good standings with billions of volume.
Compare to the new project where the investors always fo the hit and run process so if other investor don't want to bag hold they should sell if they are in profit so that they will not hold those new shitcoins.
That's right, in general everyone will turn to projects that are more legitimate than having to stick to an obscure project like the project that gave birth to shitcoin, I think that's a very natural thing because every investor's goal is to seek profit in any project and that is everyone's goal here, so don't be surprised at that.
but some investors prefer new projects released on the stock exchange.of course, all of them have the same principle of getting a profit from the money they invest. but everyone has a different view of each project and asset.
If you mean assets from certain projects that are already on the market and especially those that are already in the top market, of course, there is no need to doubt. all of that is almost risk-free when you choose a top market asset.
over time, a lot of coins will disappear
True and this is happening since the market getting flooded with so many garbage coins in the past. One, two , three and more coins disappeared. They have become failed coins but the new coins being introduced. I think that this cycle will be last forever if we are seeing the market and the crypto trend will never gone.
1 disappear and 2 new coins will come to the crypto market.
. . . and too many of them are already scams, illegal, unwanted coins which are being used by scammers around the globe for their own use. Who knows few of them could be run by gangsters just to move the money from one place to another with anonymous ways. I mean it's just my thinking, with unlimited possibilities of the crypto space anything can happen.
I invested in many coins however, I have observed very few coins making it for longer period of time. Some of them will be promising for long but over the time they could start declining of their volume. Many probs are there but we get to live with it over the time. That is how it is!
I invested in many coins however, I have observed very few coins making it for longer period of time. Some of them will be promising for long but over the time they could start declining of their volume. Many probs are there but we get to live with it over the time. That is how it is!
Indeed, all investors from those shitcoins turn away because of the long bearish market of altcoins. Fears of missing in out made them out of control of their anxiety, that's why a good project turns out to be shitcoins nowadays. Hopefully, what happened last 2017 will be back this year and so on and new waves of productive project will come our ways then earn more lucky profit soon.
That's right, in general everyone will turn to projects that are more legitimate than having to stick to an obscure project like the project that gave birth to shitcoin, I think that's a very natural thing because every investor's goal is to seek profit in any project and that is everyone's goal here, so don't be surprised at that. over time, a lot of coins will disappear
That's what happened in 2017 bull run also. There were many coins which were in top 10 in 2017 but those are not avaible in 2021.Only the good projects coins will survive long term while rest of the coins will just disappear as no one will buy the shitcoins and there will no demand for them.
but you can try again and clarify if what you mean is that the ranking of top 10 coins from 2017 have changed because that is more valid because i think few coins are now kicked out in top 10 and replaced by new coins like bnb , dot and etc ..
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