Too much of new crypto projects? - page 3.

milewilda

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Quote from: fzkto on February 21, 2022, 03:02:42 PM

Quote from: bonyaserg on February 21, 2022, 08:29:23 AM

Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

I agree, there is no need to be afraid of the potential. You have to fear the sheer number of useless shitcoins. All that junk turns out to be unnecessary year after year. New projects are created and then disappear. All these coins take liquidity away from the market. I wouldn't get my hopes up for shitcoins.

Not year by year but rather month by month or even week by week on which there are new coins that do exist on the market which it is really making things more harder
for you to look for potential ones or simply make your choices to be more harder or wont be simpler.Although you could really make out some research whenever you do
tend to choose which project you are really tending to buy or choose on.Get used to the market because this is how it do behaves.

fzkto

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Cashback 15%

Quote from: bonyaserg on February 21, 2022, 08:29:23 AM

Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

I agree, there is no need to be afraid of the potential. You have to fear the sheer number of useless shitcoins. All that junk turns out to be unnecessary year after year. New projects are created and then disappear. All these coins take liquidity away from the market. I wouldn't get my hopes up for shitcoins.

evichi

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The rate at which new coins/tokens are being listed at CMC is really high. However, since the crypto space is free for everyone to showcase his/her innovation, and since there is currently no regulation as regards the number of coins to be listed for a particular period, then the listing rate have to continue so long as they meet CMC requirements. With time, performing coins/tokens will thrive while tokens/coins that have no significant will cease to appear on the platform over time. What I think is most important is to ensure that investors make proper research before investing their resources on any coin/token.

bonyaserg

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Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

Ngewex Yuk

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Quote from: ?? on ??

Nothing to be scared because new potential projects will always give enormous opportunities and growth to crypto space. Think how many NEW projects also turned into top 100 in very short span. Encourage but stay away from scammy projects.

True, I'm more happy with a large number of projects than just relying on old coins, of course this provides a good opportunity for us to get big profits and now there are many new projects such as MATIC, Solana, and others.

Emitdama

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Quote from: ?? on ??

Is it a problem to have many crypto projects? I don't see it as a big problem. Instead, it indicates this crypto industry becomes bigger and bigger. Although we have small numbers of crypto projects, there is no guarantee that all of them are good. We must be happy having many crypto projects, it makes us have many alternatives in investment or trading. I cannot imagine if we only have a few coins/tokens, it will be quite boring to trade them.

Crypto have bigger but the scams have also got bigger. Scams can still be there even if the number of projects are low but at least they are only small and it is easy to identify the better one's this way. More scam can affect the reputation of the cryptos and new people are going to hesitate to enter.

Cannot say that the number of cyptos we have before are too small but it is already enough for a person that like to diversify his funds and it doesn't make sense if he has a lot of choice to diversify his funds if in the end he will still loss it all because of scam. It is not boring to earn a profit in a few coins but what is boring is when you don't have money anymore to trade.

Pamadar

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Quote from: ?? on ??

however, it's great to see crypto developments getting faster, but we also need to consider that there are a lot of scammers out there who are using new projects as their platform to commit fraud. so, investors should also have knowledge about this.

Yes, we must be proud that crypto develops quickly and more people are involved in this industry. More projects launch every day means that we have more people involved, which triggers the improvement of crypto industry. Sure, the more successful crypto projects, the more scammers use crypto platforms as their traps. They know if people's interest is increasing in crypto projects, so they have a big opportunity to deceive them with fake projects.

It's awful to see that while crypto is developing, scammers are taking advantage,

The good thing now, there is much available information. If you are a wise investor, you won't be easily fall with how scammers.
works, you will do your research and carefully analyze what project is good for investing.

The more crypto projects that offer around, the more options you got. Don't put your guard down to save your butt from
those scammers that also been part of this industry.

Woodie

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Wouldn't agree more!
But seeing more new coins entering the market shows that there is competition and firms out there are ready to invest to expand their business...but then again this raises the question whether its easy to get into business today as compared what we have seen happen in the last couple of months.

fuguebtc

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Leading Crypto Sports Betting & Casino Platform

This shows that the development of the cryptocurrency industry is receiving great attention from people. The market would be very bland and unstable without new projects being launched and new money pouring in. On the contrary, when creating tokens and listing on exchanges is so easy nowadays, it becomes an opportunity for scammers to take advantage of to create scam coins. So be careful and research carefully before deciding to invest in new coins.

Pamadar

legendary

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Quote from: DU18 on February 20, 2022, 03:07:41 AM

I think not any problem with how many new crypto project launching every day or every time depend still worth as investment and keep earn profit that not really problem, but not all new project is safe and worth for investing because every day have thousand scammer launching new coin just listed on dapp exchange only removed liquidity and become scam coin, later they will try to create other new project but change about their identity and take other member to invest with their coin.

Big risk if you don't know how to choose the right project and the developers behind.

It's true and by how we have seen lots of people who lose their money investing in this kind of industry, you need to know
how to pick by sorting each project and the usages not just by because of hypes but it should be more on the foundation
of the coin and what are the progress and developments that investors will be attached.

Benefactor

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I'm not terrified to see that and it's expanding on the amount of tokens in the market however a couple of tokens that can support for long haul while greater part of new tokens gave in the market were trick tokens. all have equivalent open door in crypto world, as long as they have advancement, they will be wanted here. it doesn't actually make any difference the number of crypto projects there are, you don't need to consider it.

gurunanakji777

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SOL.BIOKRIPT.COM

We don't need to get scared of new projects even nobody is forcing anyone to invest in the new projects. It totally depends on us whether to invest or not. We all know all projects are not good for investment. Real product base projects are worth to look if they are active on their social media platforms. These both are the topmost platform where every project dev wants to list it so that their project looks legit. In the growing crypto market, it is common that 100s of projects are getting listed weekly.

Pujangga

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The more projects make the competition tougher, this has a big impact that is making many projects die, even if we look at the transaction data more than 50% of coins have a transaction volume of less than $10k per day, this means investors only need a few cryptocurrencies.

DU18

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I think not any problem with how many new crypto project launching every day or every time depend still worth as investment and keep earn profit that not really problem, but not all new project is safe and worth for investing because every day have thousand scammer launching new coin just listed on dapp exchange only removed liquidity and become scam coin, later they will try to create other new project but change about their identity and take other member to invest with their coin.

JonsonMorris

newbie

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Many new crypto projects have been launched in recent years, often with much fanfare and celebration, only to fade and fail as the public and investors shun them. According to Coinopsy, which tracks such failures, there are about 1,085 dead coins at launch. That's a significant number, even with the roughly 3,000 or so that remain, and leading industry figures expect many of them will fail as well. Recover Your Losses in Dead Coin Crypto Scams - https://resurrect.waceo.org/.

lenovop-70

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Yes, that's how it is, crypto is hype and invites fraudsters to enter to make a profit from us, so it's our job to be careful. Just a suggestion, don't just look at CMC for new projects, check their auditors too, check Certik for example, so at least you're not too blind in choosing your new investment area. Good luck mate!

LUCKMCFLY

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Quote from: trendcoin on February 15, 2022, 03:30:49 PM

Quote from: Synerggy on January 05, 2022, 02:47:34 AM

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

You are criticizing a very valid subject. The total number of cryptocurrencies on Coinmarketcap has approached 20k. Do we need so many projects? Absolutely not. We dont need. 90% of the cryptocurrencies on the list will go down in history as unsuccessful attempts; Investors will be disappointed. As someone who believes in the free market; I am also worried.

At this time it is normal that there is an increase in new projects, the reason is simple, the market is somewhat bearish and everyone thinks that when BTC grows, all altcoins begin to rise, and yes, they are right, they can rise because It is natural that there is such behavior, so with some publicity at the ideal time, which is when BTC is in a bullish trend, most investors will want to shelter their money in altocoins, and they will trust the project that has more publicity and obviously more innovation. This is very normal in crypto, every investment when it is in BTC, when a correction occurs, investors go to altcoins quickly because they know that if they buy in the BTC correction, the altcoins will give at least x2 and this increases their money , is a simple strategy.

coinsycrip09

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Quote from: JayTrain on February 17, 2022, 02:10:01 PM

I am not surprised, the cryptocurrency is developing very dynamically, and 100 projects a week is not so much, but how many of these projects then remain on the market for a long time is a question...it's a pity that there are many new projects coming out, but there are few high-quality projects.

yup! it's not a surprise anymore. it's a shame that many new projects have come out and disappeared. only a few of the many new projects that are able to survive and succeed but sometimes their success can not be more than 1 year.

currently, investors have almost lost their trust in new projects because investors are now increasingly finding it difficult to determine and compare quality projects and scam projects. one of the difficulties may be because there are too many projects and it would be a waste of time to research them one by one.

JayTrain

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I am not surprised, the cryptocurrency is developing very dynamically, and 100 projects a week is not so much, but how many of these projects then remain on the market for a long time is a question...it's a pity that there are many new projects coming out, but there are few high-quality projects.

riskarcher

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Quote from: ?? on ??

This is not a new thing, because it has been happening on coinmarketcap everyday by day listing of new coins, like wise new trending coins that already listed, therefore, you need to be used of the new coins listening and also make a research before buying coins as it stated.

The issue is that there are many projects that launch the same idea with low quality, to be honest if we as investors and see so many launching projects it will be difficult to judge which ones are feasible and which are not, moreover there are many fraudulent projects that are easily circulated the most important thing is how to regulate each project must be properly verified from their own country and there must be a legal institution that regulates it

Topic: Too much of new crypto projects? - page 3. (Read 2093 times)