Topic: Too much of new crypto projects? - page 12. (Read 2093 times)
That is the reason assuming you at any point end up seeing an undertaking that has no data by any stretch of the imagination, it just implies that the coinmarketcap has eliminated them and fundamentally they're as of now not worth the effort to be there. Particularly that the majority of these aren't extraordinary to what's now there.. this ought to be deterred on the off chance that we need existing ventures to develop to what in particular has been anticipated.
In the beginning, most of the small and big coins and tokens that were coming in the market through ICO project were getting scammed. Because of this the market was affected and the money of all the investors who were investing in those coins was sinking. Now due to the projects that are supported by the IEO platform and other big projects, other upcoming scam projects cannot have a serious impact on the market. Currently trying to run market bulls with NFT based and new MEtaverse dependent project.
99% of projects that appear this way will fail. It is so hard to say for sure which 1% will be successful and I don't like that there are so many projects, investors are tired of them all and they are confused by such a big number of projects. Personally I check this page https://dropsearn.com/ so as to monitor new projects and participate in airdrops or presales.
I think this is a serious problem, an uncontrolled amount of coins or tokens will make cryptocurrencies like jokes, I hope there is a strict audit and selection so that it is not easy to make coins because it has become a scam project.
You said you are scared because you found out that more than 100 crypto projects are released every week, but you haven't told us why the situation is scary? My guess is you felt that many would be scam projects or failed projects.
But you need to ask yourself how many businesses are started everyday in the real world and what percentage of them succeed. All one can do is to be careful while investing into any of this new projects no matter your level of certainty by investing only the amount one can afford to lose.
But you need to ask yourself how many businesses are started everyday in the real world and what percentage of them succeed. All one can do is to be careful while investing into any of this new projects no matter your level of certainty by investing only the amount one can afford to lose.
I think the OP has experienced losing money in a fraudulent project, so when he sees a lot of crypto projects currently emerging, it ends up traumatizing him and feeling scared
, even though if we look at every day there are many new ideas from developers in developing their projects, and even every appearance of new hype in cryptocurrency will be followed by the emergence of new projects based on the hype that is happening like defi and also the current metaverse. 
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Thats not something new, its been happening even before, the time when ICO's are still popular. Many projects are getting listed on CMC and CG, thus be used to it because I dont see this situation to change anytime soon. Anyway why you think its scary? Well as long as you're not the kind of investor that can be easily fool then dont bother. We still have an option on what projects to support based on our knowledge and understanding.
You said you are scared because you found out that more than 100 crypto projects are released every week, but you haven't told us why the situation is scary? My guess is you felt that many would be scam projects or failed projects.
But you need to ask yourself how many businesses are started everyday in the real world and what percentage of them succeed. All one can do is to be careful while investing into any of this new projects no matter your level of certainty by investing only the amount one can afford to lose.
But you need to ask yourself how many businesses are started everyday in the real world and what percentage of them succeed. All one can do is to be careful while investing into any of this new projects no matter your level of certainty by investing only the amount one can afford to lose.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Scary for what? It is an open market. Anyone can join. See how many of those 100s of crypto projects survive. Almost none. Most of them are just useless projects that are clone of another or has no real use case or utility. Like 99% of those projects gets abandoned after few months or even few days and they end up dying. You just have to do proper research before investing in any of those projects. You will know its a shit token as soon as you read about it. So make sure you read the white paper, google some stuffs and try to learn about them before you invest. 
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
At some point, it might drag some newbies but I'm sure newbies are not totally noob to just invest in something without proper research or asking questions. We should be used on those sites listing new projects as in the first place, they are really crypto projects. What we are not sure if these projects are serious and dedicated to work for real.
Keeping in touch with them thru their discussion channels is a good place to start off and see what others thinks of that said project.
There is no need of being scared or something, it's only to make the right choice when placing investment. Personal findings and research will help to know which Project will standout amongst many. The essences of open source is for innovative minds to come into the system and do something, bring in new ideas, and a drive that will make a change or add to what's already on ground. As new projects are flooding the market, so are the ones that can't survive the market competition dying off. As at 2017, the crypto market and it's ecosystem has not been this heavily flooded with population and it's popularity was just like the sun rise, then imagine it when the sun sets. That's some bit we are experiencing now.
DYOR is the only tool that could help and save us from not getting into the wrong investment. With these huge numbers of crypto created almost every day, I wasn't in big surprise that one day these projects will be gone. And it can possibly multi-fooled for the coming years but guess what, only a few were meant to succeed while the majority as a scam and will fail. This must have to be taken seriously and we don't have to invest in projects if we are not sure about them.
It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
As long as you don't put your money into those new projects, you don't need to be scary. Many new crypto projects aren't the bad sign for crypto industry, it indicates that many people are involved in crypto business. I even feel happy to see many new crypto projects although I am not interested to buy the new altcoins. With many new crypto projects, the competition among crypto platforms will be tighter. This can motivate the owners of all crypto projects to do their best if their projects want to survive a long time.
There is no need of being scared or something, it's only to make the right choice when placing investment. Personal findings and research will help to know which Project will standout amongst many. The essences of open source is for innovative minds to come into the system and do something, bring in new ideas, and a drive that will make a change or add to what's already on ground. As new projects are flooding the market, so are the ones that can't survive the market competition dying off. As at 2017, the crypto market and it's ecosystem has not been this heavily flooded with population and it's popularity was just like the sun rise, then imagine it when the sun sets. That's some bit we are experiencing now.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Don't be surprised with that as the crypto market is not yet regulated, many more projects will be released and few of them really have the goal to succeed. With that reality, we have to be more careful in choosing our investment to ensure that our money will not fall into the hands of scammers. They said that new projects have bigger potential, but we also have to understand that new projects have bigger risks as well, it's all about the risk and reward ratio, therefore you need to learn how to manage the risk.
The spread and massive increase of crypto have gone so wild, 30 projects a day is somewhat understandable that it gonna be impossible all of them are worthy of investing but likely most of them are failures.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Don't be surprised with that as the crypto market is not yet regulated, many more projects will be released and few of them really have the goal to succeed. With that reality, we have to be more careful in choosing our investment to ensure that our money will not fall into the hands of scammers. They said that new projects have bigger potential, but we also have to understand that new projects have bigger risks as well, it's all about the risk and reward ratio, therefore you need to learn how to manage the risk.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Your observation is right. However, I think the more the merrier logic applies here. The major thing is just for investors to be meticulous in their picks. It's never a crime for one to DYOR before parting with one's hard earned money. When I came into this industry in 2017, there were around 750 cryptos on the market from data on CMC. But today, we know what the figure is like. I believe to a great extent that the preponderance of cryptos launching on the market is because of the absence of regulation in this industry. Maybe once there's regulation, the rush to push cryptos to the market won't be there any more. 
things like this can't be stopped, especially if you see that many projects are in the smart chain and matic and solana chains because they have very cheap gas so anyone can make projects easily.
scary? Of course, it's actually not too scary because it's not even a random project, of course, and we can choose and determine which projects are good.
many projects that come does not mean we have to follow the project is not it. So, what's there to be afraid of
scary? Of course, it's actually not too scary because it's not even a random project, of course, and we can choose and determine which projects are good.
many projects that come does not mean we have to follow the project is not it. So, what's there to be afraid of
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Coinmarketcap is not the same as before. After the sale site and change owner, this crypto resource has turned into a mega machine for making money. ~
None of those would survive overnight I tell ya. You shouldn't be scared if you know how to properly choose your coins and do the cliche things like DYOR. I wouldn't bother in those projects if I were you and just focus on what's in the top 10/5. Now that NFTs are like covering the whole internet media when it comes to crypto, I wouldn't surprise if 50 more popped up.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Nothing to be scared of. There's no prohibition or anything that stops someone to create their own crypto related project and release it publicly. In fact, this only means that cryptocurrency is becoming the new trend and it will be one of the future in the financial fields.
There's only one thing to be scared of when we're talking about new projects, it is when you invested in a wrong project which doesn't have a potential to grow in the future. That's one way to lose your money and that's more scary lol.
research then you would really be having those impressions that you are bit confident on what you have done in terms of those decisions you do made in investment.
There are lots of new projects in the market and most of them are copy cats that's why its really sensible on choosing the best one but this one wont be easy.
Crypto users were growing rapidly and following it new projects also appears for each days and it's normal because everybody can create new projects so don't too fear because only fews of them are succeeded but rather than seeing new projects for everydays i think you should focus to pick which projects will be your destination and do some research carefully before decide to be an investors of those projects i think it's more good instead of being confused because as long as crypto market raising then new projects will always be appears
After like 3 to 6 months of a new project, you get to see if it will be a growing success or not. You do not even have to get in at the very first days, it doesn't matter if you get in on the first days, all you have to do is focus on investing early "enough" like under 6 months and you will be doing fine. Imagine if you invested into BNB under 6 months? Or SOL, or Matic, or AVAX, or anything in the top 20 basically.You would be making so much money right now. So do not rush into pre-sale prices or anything like that because they could be horrible stuff, but at the end of the day just invest into something that is still good after 3 months and before 6 months. That is how I do it, and so far it has proven to be a great idea to follow that rule, it allows me to see what will be good and what will not be good. I still lost money in a few, it happens, but generally a better idea then pre-sale investments.
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