too much crypto coin market | Bitcointalksearch.org

South Park

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Quote from: Psynthax on June 08, 2018, 04:42:19 PM

That is the risk of being decentralized since everyone else can pretty much deploy their own coin, but hey, there are also few hundred thousands stock out there or even million, some of them are simply money grab and scam without a promising future so it's basically the same.
It's just the investor that need to be a "little" smarter so that they don't get their money invested to crappy coin and choose better one, just like natural law of selection, if people are dumb enough then congratulation they are eliminated.

It is ruthless, but that is capitalism for you, look at trading for example, many people try to earn money in trading but it is speculated more than 80% of the people lose money in trading so this means that only the top 20% traders make any money and only the most exceptional traders make any significant amount of money, it is brutal but only those fit to be traders can prosper under those circumstances.

Arsaen

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Quote from: Mic85saint on June 01, 2018, 12:11:44 AM

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

Looks like we will not be able to do it, unless there is a third party to manage it. Not an easy thing, but I think it can be done, at least starting from a place that legalizes crypto.

fuer44

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the effect a lot of the number of crypto in the market and also the number of tokens in the market is, the new token process that will be on the list in the exchanger is very late.

itoyitoy123

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i think for us we just need to ignore the coins that are scams, because its an open market anyone can put their coins in the list so for us we just need to research about the coins we invest to avoid some regret and nevermind the shitcoins in the coin market that would be the best way for all of us.

JaoBadjap

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Quote from: Mic85saint on June 01, 2018, 12:11:44 AM

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

The thing is. We Cannot regulate this upcoming Coins or the existing ones.
Crypto was supposed to be independent from banks or government.
And this is abused by a lot of Fake or Scam ICO. For which, they could do anything.
And i think the best way is be careful on a personal level. its better to check those new coins. twice or thrice.

idex100

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You have a point but it is kind of difficult to know which coin to remove since some are still in development or working on a viable product.Ants shares became the NEO of today.Some shitty coins today can become next big thing.

karungbitcoin

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Almost everyday any new coin listed in the market, but some of them does not have great future and failed and make many investor loss money. This is because to create coin or token is easy and without regulation , and should each coin has aim to solve problem and unique product. Now investor should be make research and share idea with other expert before make invest in any coin.

MinerHQ

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Quote from: nokkyhn on June 09, 2018, 05:51:56 PM

We cant know that they're scam or not so scam coins can't be stop.
But I want the market clear the scam also.

The market will come to know whether they are a scam or not after sometime only so by then many investors might have already invested on those coins and they will come to know it is a scam then no way these investors can recover back their losses. But as of now, there is no mechanism to detect the particular coin scam or not before they start collecting funds from the public so we should invest money only if you know the team behind that coin has got some reputation or not.

Bttzed03

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https://bitcoincleanup.com/

Quote from: Mic85saint on June 01, 2018, 12:11:44 AM

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

This would be awesome if it can be done. Unfortunately, once it's on the blockchain, it will always be on the blockchain. The only solution is to filter them out and remove them from your list.

dashayana

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Although I agree with you but I think it will be difficult to do it. All I know that the crypto world is a free market. People are free to do anything. If have the capital and team work everyone is free to create new coins. And if lucky, the coins that they create will enter the crypto market and compete with other coins. If not then the coin will die and scattered. Therefore many coins are not believed and scam that interfere with the activity in investing.

louie69

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Yes, I agree that there are many crypto coins emerging in the market and I think that it will be the people to judge and decide if such ICO is legitimate or perhaps a scam coin. I think people should understand that there are scam coins doing an ICO in the crypto market and the best thing to avoid those scam ICO's is that we need to research thoroughly before investing in ICO at least you had screened properly. For me, It is good to have many new ICO coins especially for the bounty hunters since it will be also beneficial for them to earn profit.

Julunguul

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Even if they cleared all of those coin, then im sure there will be still a lot of more scam coin coming, so for right now if it keep listed in marketcap, atleast maybe there's still a chance of new coin will be compared to the old one, so no one trying to reborn again the coin that was already cleared.

bachus

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Yes, there will be a good idea to clear those coins, where project dont get success, or died in a process, crypto will be much easier then!

jpnl0003

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The market has different functions and different opportunities to offer different services to the globe as it relates tot the blockchain technology. The markets are ok to decongest other markets and also give people some area of specialty in the exchange business. There may also exists darome degree of competitiveness

nokkyhn

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We cant know that they're scam or not so scam coins can't be stop.
But I want the market clear the scam also.

crenfrosck

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There are too many coins on the market, but we do not really need any authority to let them say which is trustworthy and which is not. It should be done by a natural process of the free market where only the best projects will survive. In a few years, most of the coins will be totally forgotten by the community due to many different reasons. Hopefully, some of them will be still here making steps forward in the world full of innovations.

aardvark15

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Quote from: Mic85saint on June 01, 2018, 12:11:44 AM

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

The bad/weak/scam altcoins will fail and disappear on their own in the free market. The best cryptocurrencies should rise to the top and the bad ones will not be successful. I don’t think there is a need to stop innovation by banning new coins. It will happen organically. Just let the free market play out and for your personal investments, do good research to pick the ones to buy.

emmaeducatorxx

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Yes Absolutely right. In current time, so many traders are entering into market with little knowledge. And scammers are taking advantage of this. So I also want the the scam coins should be removed from the market to save its future and the the future of traders as well.

cherepashkis

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unreliable coins themselves will cease to exist. there is no sense that the specifically brush your.

Victorycoin

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Quote from: boyshx on June 01, 2018, 03:51:58 AM

Quote from: Mic85saint on June 01, 2018, 12:11:44 AM

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

Actually this cleaning up is followed on the CMC that is coin market cap website. If you observe then there are few days which are allowed for each coin to get listed on the CMC. If they found that the altcoin is not receiving any kind of volume, the market is dead or the volume itself is dead then CMC will take strict action and will remove them immediately from the panel. So they are already following the cleaning up procedure these days.

I have seen CMC removing more than 100 coins in single day. I think last month only when CMC reached 1600 count of coins then they removed almost 100 of them as they were scams, dead coins. Now the count is back to 1600 which tells us that so many coins are coming every other day.

I have also seen exchanges delisting dead coins, but we can tell, they would never get to the end of it, because of the free market and the decentralized nature of coins and their deployment. Moreover, since money can be made through these coins/tokens, trust people to keep coming up with more, notwithstanding they're worth nothing!

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