Useless altcoins must remove from the whole crypto market - page 11.

SirLancelot

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We can't stop easily the every altcoin that coming everyday because some of altcoin is build to scam some people by doing build a project. The best we can do is research,read and study first the project or coin that we want to invest or participate.

THAT IS EACTLY TE EASIEST WAY TO STOP SOME OF THESE SCAM PROJECTS FROM BIENG Established if we can follow all those points that you listed, and it has to start from us really, because we are the ones actually promoting these projects, so I could say that the blood of those who has been scammed are on us and bounty managers.

We have so many investors that knows nothing about these projects and would just invest in it based on she fact that we are promoting it, not many investors would do research on projects, but we that we are promoting it need to ensure that we do very good research before promoting it, it will help us too personally, because we will be able to campaign for projects that are trust worthy and would be able to pay us after our campaign , and also would have a product that would be a working product to easily multiply whatever we earn from them.

reality18

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It is clear that there are some worthless coins without any case use on the market and with the principle of supply and demand, these coins will automatically be eliminated from the market because as the demand ceases gradually, the coin dies off alongside.

bryant.coleman

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Quote from: AliErkic on August 08, 2019, 08:13:03 PM

Quote from: Twinkledoe on August 08, 2019, 07:26:11 PM

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

Agreed, like XRP devs are dumping XRP shitcoin while stupid fools are buying it, such shitcoins won't die soon but getting dumped. It's unfortunate but reality. Undecided

Crypto would be much better if we had no scams and scamcoins.

I would rate XRP as one of the most elaborate scams in the history of cryptocurrency. They became the no.3 cryptocurrency (in terms of market capitalization) thanks to a well planned out strategy, by giving huge hype in the mainstream media channels and restricting the amount of coins available for trade. Even now, the promoters are holding as much as 75% of all the XRP in circulation (could be even more), either directly in their wallets, or in shadow organizations created by them.

The biggest tragedy with XRP is that they managed to attract a lot of new investors in 2017/2018. Some of these individuals even managed to profit from it. But now the coin is currently on its way to oblivion and the exchange rate has crashed to 2,500 Satoshis. I expect XRP to lose most of its market capitalization and fall out of the top-5 coins list in coinmarketcap by the end of this year. EVen at current valuation, it remains as one of the heavily over-priced shitcoins.

AliErkic

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xrp shitcoin is SCAM - get out!!!!!!!!!!!!!!!!!!!!

Quote from: Twinkledoe on August 08, 2019, 07:26:11 PM

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

Agreed, like XRP devs are dumping XRP shitcoin while stupid fools are buying it, such shitcoins won't die soon but getting dumped. It's unfortunate but reality. Undecided

Crypto would be much better if we had no scams and scamcoins.

Twinkledoe

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Quote from: mr_random on August 08, 2019, 06:57:46 PM

Quote from: Thanasis on August 08, 2019, 10:01:02 AM

No one is going to remove the crypto currencies,if we don't hold those cryptos they will eventually fade away that is the advantage of decentralization.

I don't think so. The useless altcoins are removed from trading stations with lack of trading by traders. The market decides which altcoin has potential and which ones are shitcoins. It depends on the analyze of general market traders.

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

mr_random

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Quote from: whyrqa-1 on August 08, 2019, 04:00:20 PM

I think that bad coins and projects practically steal investment funds from other projects, because a potential investor could invest his money in a more profitable and more promising project, and it has to be assumed that his funds are lost for the entire cryptocurrency market.

They steal from the pocket of the legit projects. The fair market conditions do not exist, unfortunately. The market fairness determinant is irrelevant and accepting this theory can make us understand the idea behind the greediness of crypto trader.

Quote from: Thanasis on August 08, 2019, 10:01:02 AM

No one is going to remove the crypto currencies,if we don't hold those cryptos they will eventually fade away that is the advantage of decentralization.

I don't think so. The useless altcoins are removed from trading stations with lack of trading by traders. The market decides which altcoin has potential and which ones are shitcoins. It depends on the analyze of general market traders.

Finestream

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I believe that they will not go anywhere. And they do not bother anyone. I believe that someone who has decided on their coins will not invest in weak and small points. They are only needed for beginners.

Useless altcoins will not live longer and eventually die but if investors are still buying those shitcoins,then they might still remain in this crypto market.But a good investor knows how to find potential coins to invest after making DYOR before taking such decisions.

Perfect35

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Some of this useless and unrealistic coins with their projects are already finding it difficult to succeed and some of them have totally lost their volume and the subsequent delisting on exchanges.
Also, there are times that some of the projects might be good for short term investment.

whyrqa-1

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I think that bad coins and projects practically steal investment funds from other projects, because a potential investor could invest his money in a more profitable and more promising project, and it has to be assumed that his funds are lost for the entire cryptocurrency market.

gurunanakji777

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There is no need to remove such coins from the crypto market because slowly slowly there would be no trading volume on such coins and they will be dead even we have seen many such coins delisted as well from the exchanges and for your kind of information most of the altcoins are very very down from its ATH so one should also keep in mind its a high volatile market. and sometimes a coin moves beyond expectations.

fileo

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The process of leaving is not a twinkling of an eye. This is business. Some will not clean their garbage because first of all they saw their tokens with value unfortunately the project did not go well. Time will come another project will come in from the old one's. Renewing or rebranding is the answer to put an end to the unsuccessful altcoins.

Thanasis

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We can't stop easily the every altcoin that coming everyday because some of altcoin is build to scam some people by doing build a project. The best we can do is research,read and study first the project or coin that we want to invest or participate.

Research before investin on any crypto project is must do thing but many people just follow other investors so they are getting into mass scam.But people are noe getting better that is why ICOs started to fade away from the market,only legit will stay awake.

10BTCaDay

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I agree with this, we have been flooded with tons of coins that got no value at all, its better the coins being wiped away so the whales can't used it for pumping and if possible the creation of new coins need to be limited so we don't keep on seeing the coin with the same purpose keep on coming out

it is impossible to limit the creating of new coins, I think that some criteria should just be created for which a coin must fit before it is created

Thanasis

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No one is going to remove the crypto currencies,if we don't hold those cryptos they will eventually fade away that is the advantage of decentralization.

bryant.coleman

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The OP has made his point very clear. Shitcoins are causing havoc in the cryptocurrency market and they needs to be removed for the betterment of the established coins. They are affecting the valuation of good coins in multiple ways. First of all, they leach off the market capitalization from the established coins, and then they tarnish the reputation of the entire market.

The number of active cryptocurrency users in the world is still quite low and we don't have the capability to support a large number of coins. But despite this fact, new coins and tokens are getting listed everyday and the market is getting more fragmented. Ultimately, they'll die a natural death but we can't wait until that since a lot of damage may be done by then.

m.rifki

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Of course useless altcoins they must remove from the whole crypto market because they can victim some investors to invest on shitcoins specially the newbie investors they have not enough knowledge how to research the good altcoins.

indeed there are investors who will be fooled into choosing coins like that? on what basis can investors be fooled by coins that do not trade? those who have not moved and do not have trades will be issued by the exchange developers themselves. they have an interest in that.

Taufik blackspade team

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it's possible, if those who are already registered on an exchange and don't have a trade, they can be removed from the exchange list. but if they are tokens that have not been registered then the one who can do it is the base blockchain associated with the coin. and I don't think there is a blockchain that has or uses that policy.

Ken_terrance

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If this is going to happen we will need the following in crypto space

1) Regulation: if crypto is regulated many scam artists will quit scamming innocent victims because it will be more easier to get scammers nailed for good.
2)Big Crypto Giants like Coinmarketcap and exchanges have to come together as one so that it will be easier to start delisting fake or crap projects off the face of crypto space entirely

If coinmarketcap takes the lead every others like coingecko etc will follow but actually this can only happen if regulation takes place

senin

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We cannot say for sure which projects have died and which are not, even if their coins or tokens are not traded on exchanges. Many projects, after the initial entry to the exchange and even a significant drop in their tokens in price, begin to pay attention to other practical issues of their project and this does not mean that their cryptocurrency has died. Some tokens begin to rise and the price after a year or more break. Therefore, I believe that it is not necessary to immediately remove real-time cryptocurrency, let everything go in a natural way, although the criteria for their removal must be developed over time.

chocopapaya

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Nope.
this goes completely against what blockchain is for: open source and decentralized.
It is a technology that anyone can take and use.

So the existence of all of these coins is exactly what crypto is all about.
If you only care about price and money, then you are really missing out.
Also, it is highly debatable if getting rid of these coins would actually benefit the market.
It's not like new investors are looking to invest in almost zero value coins from a year to three years ago.
Most people lose money from risky, unwise choices on newer projects, which is really just the investors fault.

Topic: Useless altcoins must remove from the whole crypto market - page 11. (Read 7739 times)