Useless altcoins must remove from the whole crypto market

Shallow

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Quote from: Kunnu on July 29, 2019, 02:39:16 PM

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

You said it all, the only thing that matter to these type of developers is to enrich themselves, some will just try to list on a bad exchange so as to justify everything and that will be the end of the project; but on the aspect of removing them how can that be possible? Remember it is investors who gave them the power to be in existence, that is to say, the only way to stop all these useless altcoins is when investors are fully aware of what it means to invest thus making the right choices.

ned.ryerson

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Quote from: shaheer001 on December 07, 2019, 11:55:54 AM

This is impossible as at the moment almost 90% of coins are at the bottom and look like shit coins, This is only possible when all markets go to peak level and all remaining dead coins remove at once from exchanges. But why exchanges will remove them? as they have paid for listing on these exchanges.

Exchanges have all the rights to remove coins with low liquidity even if these projects paid for listing on the exchange. what is the point for the exchanges to keep coins that do not bring anything to this exchange?

shaheer001

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This is impossible as at the moment almost 90% of coins are at the bottom and look like shit coins, This is only possible when all markets go to peak level and all remaining dead coins remove at once from exchanges. But why exchanges will remove them? as they have paid for listing on these exchanges.

ACTrend

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I think so too. If clear the market of useless altcoins, then it will be better. Standing projects that really do something and work will benefit. Accordingly, it will be easier and easier for investors to work with such projects. Perhaps in the near future they will do so.

tartibaya

full member

Activity: 630

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Everybody wants to make money. There are strong projects in the market. I choose strong projects and invest. But again the price is falling. That's ridiculous. Fake projects can reach high prices. I've been in this market for 3 years and I'm still worried about buying altcoin.

perla

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Activity: 1932

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Quote from: SolarWindMiningCompany on December 03, 2019, 11:42:57 AM

Quote from: perla on December 03, 2019, 11:30:03 AM

Quote from: StatesManG on December 03, 2019, 11:11:39 AM

You can't forcefully remove a coin or token from the market because you think its has no impact on the market. This is a decentralized market and you can only allow this kind of assets to die off with time once it has no volume

Without we force, some market will remove coin ot token that they think not profitable anymore. Maybe with that we can see some old coin that die already and then new coin that just listed. In case the OP talk about market like usual because he not describe it is centralized market or decentralized market. I think without we force them, they will do what is profitable for them already.

Removing coins forcefully from the market is not possible because the cryptocurrency market is largely decentralised. Its not owned by any organisation or body like in the cases of exchanges. I think OP has collected alot of shit coins during airdrop and he's angry at the market on looking at his wallet. I suggest he turns off the shit coins or get a brand new wallet since its free on playstore

As user, we only can follow what exchanges either it is decentralized or centralized exchanges. I think without people force them, they will know what they do and good or bad for us, they are company or maybe have employees to paid and they need profit to for their site. Well, about useless altcoin maybe what can we do is avoid it and try to trade or maybe make investment in right coins.

KillerInk

newbie

Activity: 65

Merit: 0

Useless altcoins will come to a certain point and disappear in silence. We don't need to care too much. Focus on the projects better.

Nguyenthanh2391

newbie

Activity: 61

Merit: 0

A lot of useless altcoins are active today and it has no effect at all. they need to be removed to give other altcoins a chance to grow better.

SolarWindMiningCompany

hero member

Activity: 966

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Quote from: perla on December 03, 2019, 11:30:03 AM

Quote from: StatesManG on December 03, 2019, 11:11:39 AM

You can't forcefully remove a coin or token from the market because you think its has no impact on the market. This is a decentralized market and you can only allow this kind of assets to die off with time once it has no volume

Without we force, some market will remove coin ot token that they think not profitable anymore. Maybe with that we can see some old coin that die already and then new coin that just listed. In case the OP talk about market like usual because he not describe it is centralized market or decentralized market. I think without we force them, they will do what is profitable for them already.

Removing coins forcefully from the market is not possible because the cryptocurrency market is largely decentralised. Its not owned by any organisation or body like in the cases of exchanges. I think OP has collected alot of shit coins during airdrop and he's angry at the market on looking at his wallet. I suggest he turns off the shit coins or get a brand new wallet since its free on playstore

perla

hero member

Activity: 1932

Merit: 504

Quote from: StatesManG on December 03, 2019, 11:11:39 AM

You can't forcefully remove a coin or token from the market because you think its has no impact on the market. This is a decentralized market and you can only allow this kind of assets to die off with time once it has no volume

Without we force, some market will remove coin ot token that they think not profitable anymore. Maybe with that we can see some old coin that die already and then new coin that just listed. In case the OP talk about market like usual because he not describe it is centralized market or decentralized market. I think without we force them, they will do what is profitable for them already.

StatesManG

copper member

Activity: 462

Merit: 10

You can't forcefully remove a coin or token from the market because you think its has no impact on the market. This is a decentralized market and you can only allow this kind of assets to die off with time once it has no volume

target

legendary

Activity: 2212

Merit: 1041

When there is no volume to the shitcoin eventually it will be delisted from the market, what is not going to be delisted it the project which is an exchange itself. And if they turned out to be just one of the degenerate team of developers, you're in the situation where you have to option. You can count more than 10 of these projects that comes out since 2018.

TitanGEL

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Activity: 1036

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Quote from: Colt81 on November 25, 2019, 12:16:50 PM

Quote from: ttcsalam on November 25, 2019, 12:01:42 PM

Quote from: Kunnu on July 29, 2019, 02:39:16 PM

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

You are correct.I value your opinion. Due to the poor quality project many people and organizations are losing their capital. Because of that, a bad idea is being made towards the market. In the minds of ordinary people.

Useless Altcoins or "shitcoins" must be really remove in the market because it doesn't have any good value at all, that is why holding this kind of coin in a long term is useless because you won't get any good profit from it that you are waiting for nothing. So if you are holding shitcoin in your wallet, I think you should better move it in an altcoin that is profitable for you not to waste any time and money.

At first place, why you will buy a shitcoins? it called shit because there is no value at all. People should always remember this specially the newbies, do not buy a altcoin that does have low volume and market capitalization because there is no demand in the market. There are no people who willing to buy that coin so stop accumulating shitcoins.

Longthi_4823_Love

newbie

Activity: 62

Merit: 0

altcoins are unprofitable or ineffective, so they should be removed immediately. it doesn't do much to the economy so we don't need to hold on.

wack slacker

full member

Activity: 966

Merit: 102

It is best to close bad exchanges and there should be specific rules for choosing crypto to list on exchanges. Currently, the cryptocurrency market is quite new and the world still has no strict and general regulations. New projects are many and there are many countries that facilitate them to develop, all of them are startup projects so failure cannot be avoided.

princecharles

copper member

Activity: 210

Merit: 1

Quote from: Kunnu on July 29, 2019, 02:39:16 PM

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

There's no doubt that we have several useless altcoin in the cryptocurrency space. This is evident with the projects which have a reputation of being used by greedy cryptocurrency enthusiast for pump and dump schemes. There's a growing need for projects with valid use case because that's what guarantees that the project would stand the test of time.

aTriz

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Quote from: magicrypto on November 25, 2019, 02:22:04 PM

I think it is okay, crypto is free, so people can create as much coins as the want to, maybe some people dont think that their coins is useless, so its fair that we have DOGE coin for example, because somebody just create it and its cool Cool

Crypto is not free.
as a developer:
Creating a coin charge you money. creating a product charge you money. promoting the coin charge you money. listing it in exchanges charge you money. everything charge money. and charge a lot of money.
as a user:
trading crypto charge you money, sending crypto to different wallets charge you money.

it's not free mate.

max6575

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works on decision with developer as put on listing of token with manage on modulation helps as referring uses with intelligence on offers as one on objective as investors to put of attention and gives on excessive of one with decision on option to prepare of new position with the table of market with the exchange.

icekohl

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Quote from: Kunnu on July 29, 2019, 02:39:16 PM

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

Man, it'll be eliminated by this market, so CMC don't need to do that. No one will exchange a tokens/coins with zero volume and no team information. Crypto market become more and more mature, so investors have knowledge to do that.

meliodas

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Quote from: youdacapt on December 02, 2019, 08:52:02 AM

Quote from: EvgeniyLEV on December 02, 2019, 04:12:31 AM

Hello. At the moment, there is no legal regulation of cryptocurrencies. Therefore, there are many cryptocurrencies that have no value. There are also many blockchain projects that cheat. Each investor must independently analyze the cryptocurrency that he buys. When there will be regulation at the legislative level, the only cryptocurrency with good technology will remain. I think it’s difficult now to remove useless cryptocurrency from the crypto market. Be careful when investing in cryptocurrency. Good luck to all!

Exchange regulations have evolved but only for user data, and not for traded coins. the problem here is that many cexs still trade this coin because they only prioritize trading volumes as filters. I think the reputation stamp should be imposed on their smart-contracts, so there is a red notification when their contract address is checked by users and exchanges, especially coins that are clearly scam, etc.

Most of the time, the exchanges are always after the money and they don't care if the coin or the token is scam because as long as they are willing to pay the fee for getting listed in a certain exchange. The only thing that we can do to avoid getting involved in scam altcoins or cryptocurrency is to know how to verify or double check a cryptocurrency if it is legit or not.

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