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Topic: Useless altcoins must remove from the whole crypto market - page 15. (Read 7710 times)

copper member
Activity: 966
Merit: 14
Just like they have nothing to offer in the same way they will die, because they can't compete with the good ones out there. I only pity those who buy them when they are hyped because if they try to hold there is 99% chance they will end up with loss.
When we start channeling our thoughts to the good ones, they (useless coins) will die off quickly.
full member
Activity: 1316
Merit: 108
Garbage coins will die one way or another if nobody supports them.  But it is a pity for those users of cryptocurrency who have such Coins in their wallets that nobody really needs.  No one knows how to get rid of them, since only certain groups of speculators will be able to provoke a rush around a certain project in order to get rid of these coins.  But still, someone will be deceived.
full member
Activity: 588
Merit: 100
Market will clear useless altcoins, but not now. It tooks years because many altcoins plan to migrate from Ethereum blockchain to own chain, but we do not know how many of them will really migrate.
hero member
Activity: 2968
Merit: 687
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.
Get used to it because you would just stress out yourself into things which aren't possible.As long this market moves or exist there would be devs who would continue to make shitcoins and get or scam peoples money.

Therefore, the best thing to do is to do your own research to avoid yourself into this shit projects.
full member
Activity: 559
Merit: 102
The truth is that there are so many shitcoins without any prospect in the market, but there is no way to flush them all out, it's not possible. Only when a project exit scam, that's when you can say it's the end. We all wish there are less shitcoins in the market, but the reverse is the case and it's inevitable.
full member
Activity: 770
Merit: 101
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.
I don't think it's useless alts. They only lack the right investors and they do not have a hold token policy for investors.
Currently there are many projects with low volume and low valuation but they still work well, such as CS, WPP, BAN, ...
member
Activity: 426
Merit: 10
I would like to see useless alts removed from the market, but since the cryptocurrency is not regulated, this will not happen yet
full member
Activity: 770
Merit: 100
The useless altcoins should be removed from all cryptographic exchanges, this needs to be done so that no more people are deceived by alt. other than that with alt garbage this will only cause the crypto name to get worse.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
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.
Who is going to remove it? If there was a central authority who controls/regulated everything, maybe he could do it. But "fortunately" the crypto market is decentralized (most of  them). So no one controls and no single person has the right to control it. As long as someone will use the coin, it will exist. Some sites filter out the coins that are dead, but that does not mean it has been completely removed from the market. Yeah, a coin can be removed from an exchange by delisting it and most exchange actually does that. Even casinos tends to remove support from coins that are almost dead or are completely underdeveloped.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
I do want it happens but with the current altcoins were plenty available i think it won't be so easy but sometimes the exchange regularly delisted some of altcoins which have low volume of support and this is slightly helped people to know which useless altcoins should be removed
full member
Activity: 470
Merit: 102
I think it will be very difficult to do because useless altcoin will always be there every day and also there are always people who support it. and also thousands of useless altcoins in crypto are things that are impossible to remove.
legendary
Activity: 3766
Merit: 1217
Even if the coin is shitty, but it is being traded for a small amount, it means that it is still interesting for the exchange. Absolutely illiquid coins will in any case leave the cryptocurrency market.

There are expenses involved in allowing a coin in to an exchange. Hot wallets and cold wallets needs to be created, and the scripts needs to be updated. If the trade volumes for a particular altcoin is high enough, then the expenses will be covered from the trade fee itself. If that is not the case, then the exchange will ask the promoters to pay up. Now this amount can vary from exchange to exchange, and smaller exchanges will obviously be ready to list coins for a smaller payment.

Once the coins are listed in one or two smaller exchanges, the next step is to inflate the trade volume using bots. And after a few weeks, the coin will gain enough trade volume to get listed in coinmarketcap. This will give enough attention for the coin and the promoters can then initiate a pump and dump cycle and vanish with whatever wealth they manage to accumulate.
jr. member
Activity: 224
Merit: 2
I think that has been done in the crypto world because I often see many new coins present then they just disappear due to a lack of explanation where the new coin will function or it can be said to have no direction. New coins like that must be immediately erased and just disappear in the crypto world and it happens automatically.
hero member
Activity: 1666
Merit: 502
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.
So what kind of coin is useful and useless? in my opinion surely coins that cannot compete and are useless will surely disappear by themselves in the market. Here why should blame the coin for the confused merchant and get stuck in it, we need evaluation instead of blaming and eliminating it, traders must be smart in choosing and managing strategies.
full member
Activity: 518
Merit: 102
Even if the coin is shitty, but it is being traded for a small amount, it means that it is still interesting for the exchange. Absolutely illiquid coins will in any case leave the cryptocurrency market.
copper member
Activity: 238
Merit: 0
It would be great, but I do not think it is so easy to do. Coinmarketcap accepts only coins that have more than 50k trading volume, but do not eliminate them if they are not providing this volume daily. This problem bothers me as well, but I cannot get how it can be possible.
hero member
Activity: 1470
Merit: 655
and how exactly do you propose we do that?

this is a free market and you can't remove anything from it as long as people are trading it. their reasons may be wrong and the coin may be a shitcoin but they are trading it.
on top of that, exchanges don't care even a small bit about whether a coin is useless or not. all they care about is volume and as long as a coin has it, they will list it on their platform. example: BSV, it is a pure shitcoin but only because it had a huge volume they listed it. as soon as it lost that volume they delisted it!!!
full member
Activity: 360
Merit: 100
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.
No need, just let the mass decide which coin is useless and need to die, pull the plug. If you can't see a dead coin then only you're to blame. So we don't need anyone or any group pop up and tell us which coin is useless and dead.
hero member
Activity: 1330
Merit: 569
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.

The real question is who will remove those shit coins. The reason is because there is no overseeing body to regulate the way things are done in the crypto industry and that is an issue we have to deal with. For example in the capital market, there are rules and when a stock is not doing well or management under investigation their stock is suspended but when it comes to this crypto market its free for all and it will continue to be so. The onus on the the investors or the traders who are usually at the receiving end to be very observant when dealing with such coins.
sr. member
Activity: 2324
Merit: 263
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Well first you must define useless. There are many altcoins in top 200 that for me is useless but it has high marketcap. I think what you meant is scam or dead coin.
A coin that is considered useless is from all sides, both in terms of volume and price as well as the demand side, so that the coin is considered to be of no use to anyone, not only us personally but also others.
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