Topic: Too many projects is bad (Read 694 times)

Like most people would agree, it's a free market and regulations might be difficult to take control over such market, one thing that will put these shit projects to check is when investors or probably bounty hunters begin to check these projects before venturing in. Many of them are really just not it. If you take your time to go through it, you wouldn't even venture into it

Buddy, You should know that people got red trust by promoting scam projects like Nexxus Rewards, Zeux. This forum's members are always careful about the scam, Ponzi scheme, HYIP shits, so, no one is allowed to promote scam projects here. But how can you protect a project that was good but now they scam or run away? That's the question and its the thing that OP trying to say.

...I believe the good ones that are in circulation in the market already would improve and more good projects could sprout up from them.

Other valuable suggestions are welcomed, let's have a quality discussion.

The thread is self moderated, though I would not be removing posts except if they are really terrible, it has nothing to do with whether you agree or disagree with me.

The other day, I read a post which the poster said:(i am not explicitly quoting the OP though)that if the altcoin market manages one good project out of the many that it produces daily, then it's a success for the altcoin market(i am not against his opinion, but I disagree)
Searching for good altcoin projects is now similar to looking for a needle in a haystack, you either get tired or exhausted and quit looking, or you find it after a terribly long, long time, this is synonymous to what altcoin investors will have to go through/and are going through, and it can only stop when the good projects are the only ones investors are attracted to.

But since the market is decentralized, and you cannot really prevent anyone from creating shitcoins, what can then be done to promote only the good projects, imo investors should avoid new projects for a while, they either are coming out with the same plan as the previous ones and will only fail just as their "predecessors" did, and focus more on the projects that are already in the market, picking out the few that are good and investing/promoting them. If new scam projects are not getting any substantial investors, I believe the good ones that are in circulation in the market already would improve and more good projects could sprout up from them.

Other valuable suggestions are welcomed, let's have a quality discussion.

As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

On the other hand, is difficult to ascertain scam project at the beginning.
I advise that participants could choose to follow certain legit managers and managers that are producing scam projects will be alone to themselves and pack up with time 

I totally agree. Picking out those who are in the market already is the very safest move and decision an investor would ever made as for today's project that we are bombarded by tons of fraudulent, and close to being failure project so being selfish to those who are seemed looking good yet completely unknown is much better than picking them out right away. Therefore a realistic criteria on where to invest (like this factor) is a smartest move an investor would ever made to avoid getting nowhere.

smart teams make smart distribution of their tokens for both investors and bounty hunters. You can look at Tokoin. I believe that they have an ideal payment system for investors and for those people who are involved in the marketing of this project. they did not distribute coins before they entered the exchange and they stretch payments for several months so as not to hurt the exchange rate of their coins.

there is nothing bad with the fact that now it is very difficult to choose a project. I believe that the situation when every second project brought huge profits is not normal. in the classic investment market, it is also very difficult to choose stocks that will bring good profit. if we begin to compare the cryptocurrency market and the traditional one, we will understand that the cryptocurrency market is becoming healthier and is approaching being accepted at the goverment level.

I hate to say this but this is a fact that the project is very bad. I started to feel it from mid-2018 until the end of 2019. 1 project has yet to be valued and there are even some that have not been distributed (I think it's a scam), and many are still waiting for listings to market exchange. in my opinion this is unfair because the reason for the altcoin market is falling because participants and investors actually don't care about it, what they care about is that tokens can be seen on the exchange and then can be traded.

I think the current project team is scared because tokens will be of low value, or worse, they are only looking for personal gain.

Well, we learn this past year (2018). but now that the 2020 is coming we can change our style of choosing a good project that can deliver their goals well. past years are so many investors and freelancers seeking to have a project to participate that they didn't investigate well, so many scam projects didn't afraid to show up and scam all the users. if everyone change then 2020 is a start for new crypto environment, less of scammers.   

We hate it because of the fact that, there are too many projects to choose from but most of them are scams, and it is really sad to say that many people has been frustrated with this too, that even if they will be listed on a good exchange, that reputable exchange would not date to check and investigate if what they are listing is good or not too.

Sad business for the cryptosphere, now it's time for the IEO that are launched in famous exchanges, flip them o decent RI, rinse & repeat.