Topic: Useless altcoins must remove from the whole crypto market - page 16. (Read 7690 times)
Manipulation and market making will not be totally banished because top players will and always do as they desire with the market. Pumps never end same with heavy dumps to stay safe avoid such coins.
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.
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.
We all hope for this but how can you completely remove these coins when day in and day out, there are tons of "useless" coins or tokens being issued?
And the activities of some exchanges like hotbit must not be intertained in the crypto industry. What happens there is a clear bot program that is set to augment trading volume and nothing more. When there are no real users, it pumps the price and when users go there to trade those prices, the bot starts buying below that price seen already.
Yesterday, 30/7/19 for instance, there was a 415% increase in the price of tratok which was far higher than the other exchange it was traded in compared to hotbit. I checked personlly and it was all bot activities.
This is already happening 
.
Who will decide the usability of a crypto coin ? Like, who will determine whether the devs are active or not ? There are only very thin differences between an active dev and for a dev who is on vacation after launching their dream project. So, we cannot do anything on sudden hence we must give them time to settle down.
Now, let me come to the point of "already happening". Delisting is the thing which helps to keep the crypto space clean as much as possible. When the devs are not active then those coins may hit zero value or considerable low volume to make themselves eligible for delisting.
.Who will decide the usability of a crypto coin ? Like, who will determine whether the devs are active or not ? There are only very thin differences between an active dev and for a dev who is on vacation after launching their dream project. So, we cannot do anything on sudden hence we must give them time to settle down.
Now, let me come to the point of "already happening". Delisting is the thing which helps to keep the crypto space clean as much as possible. When the devs are not active then those coins may hit zero value or considerable low volume to make themselves eligible for delisting.
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It is just the people, everyone can make their most shadiest and shittiest altcoin there is but if no one is going to add some demand that coin will be the same as nonexistent.
The main purpose of open source project is available to everyone, even to scammers aswell which just unintentionally happen and what's left including which one is shit coin which one is good coin is up to the market to judge.
The main purpose of open source project is available to everyone, even to scammers aswell which just unintentionally happen and what's left including which one is shit coin which one is good coin is up to the market to judge.
well then the altcoin market would be empty starting to remove the top 10 altcoins first because they are the most useless coins in this market that get the biggest hyped and pumps of our time.
the problem with this market is that people do not care about usefulness of altcoins. all they care about is how much profit they can earn from them so the less usage a coin and the more pumps it gets the higher popularity it will gain.
if you want this to change you shouldn't start changing the market, instead you should start changing people and the way they see this market. as long as it remains a milking cow for bitcoin investors to increase their bitcoin and care not at all about technologies then the shitcoins remain dominant in altcoin market.
the problem with this market is that people do not care about usefulness of altcoins. all they care about is how much profit they can earn from them so the less usage a coin and the more pumps it gets the higher popularity it will gain.
if you want this to change you shouldn't start changing the market, instead you should start changing people and the way they see this market. as long as it remains a milking cow for bitcoin investors to increase their bitcoin and care not at all about technologies then the shitcoins remain dominant in altcoin market.
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.
Exchange is delisting it, and members here are posting development of those coins, it's really up for investors to check if they are holding shitcoins in the market, coins without development will eventually die no need to post that they should be removed.
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.
it's difficult to eliminate bad altcoins from the market. as long as people still hold it will continue to be there. anyway what criteria are used to classify good and bad altcoins. if only based on the price of falling, I think it's still not strong.
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.
Exchange is delisting it, and members here are posting development of those coins, it's really up for investors to check if they are holding shitcoins in the market, coins without development will eventually die no need to post that they should be removed.
scammers can can also create a fake exchange and they wont de list thier own scam coins . you will only be shock once their exchange have been shut down because of the numerous reports or they will shut it down by themselves if they already accumulate enough funds for thier scamming . other coins can still be delisted on bigger exchanges if they arent getting enough volumes so dont worry . its our responsibility to check what we buy to ensure that we only support the worth it projects .
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.
Exchange is delisting it, and members here are posting development of those coins, it's really up for investors to check if they are holding shitcoins in the market, coins without development will eventually die no need to post that they should be removed.
No need to overdo it for useless altcoins. Because they will disappear by themselves in the market. If there is no development of the relevant altcoin and does not have volume in exchange, of course the exchange will delist. So, we just enjoy every moment.
I think we need to make the distinction between coins that are not performing because they are pointless shitcoins whose only real purpose is speculation, and then those other coins that are actually good solid projects that aren't performing because they are new to the market and need time for development to progress. It's not the case that everything that must shoot up in value immediately. Some thing are more long-term bets.
make it happen, every day new altcoin just keeps being born and it seems very difficult to prevent it, because there are no rules that forbid it and everyone is free to make it.
Don't worry, useless altcoins, whether they like it or not, will not survive in the market for long. If they remain useless for a significant period of time, nobody would buy their tokens anymore. This would result to zero volume, which in turn result to their being delisted by exchanges. This is their end already. Not to mention the reality in the altcoin market that smacks of very high competition.
Only one hope that i needed to see the regular voting to delist a crap coin and i think that will be a good idea to decide which is the coin that must be removed based on the result of the voting.
What you can do is only to send a complain to the exchange site about that shitty coin but you have no power to delist it and that's why this feature will have needed as a real implementation from your idea.
What you can do is only to send a complain to the exchange site about that shitty coin but you have no power to delist it and that's why this feature will have needed as a real implementation from your idea.
Relax, they will eventually go bankrupt and thus be removed from the market
Obviously they won't survive for more than a few months. But during this time, a lot many of the cryptocurrency users will make their investments in them, and once the dump starts, they will lose money. The promoters are intelligent enough to dump their coins close to the peak prices. Since the pump is initiated by them, they know about the suitable target to sell the coins. The other users don't have this advantage. Most of them will either sell before the pump, or after the dump has started.
This has happened to a large number of crypto users, and even I have lost huge amounts in these shitcoins, starting from 2014. The coins in which I made my investment either turned out to be scams, or they lost their value very quickly due to a lack of uniqueness and purpose. Quark (QRK) was one of the coins in which I made investment back in 2014. Back then, the price was around 27,000 Sat per coin. The current prices are 59 Satoshi per coin, which represents a decline of 99.8%.
Maybe we can stop those but you know cryptocurrency is really strong enough to removing all of them time by time. Who's have good project and also manage with good will keep on market. Its about struggle. We should more detail to choose. Natural selection will kick shitcoin out.
Relax, they will eventually go bankrupt and thus be removed from the market
offers from developer as use of crypto currency to helps on initials as users of service to collects of nominal on value with confirmation as work on efforts as the run on field with business on collateral relation. to gives on excessive as users might gains with spares on shift of difference on returns with the work on tasks of the finance.
I guess the life of an alt all depends on the exchanges where it was listed because that's the gateway for investors like us to continue trading thus making the price trend still fluctuates or active in other words. Once each and every holder of such alt finally dump their holdings and no one wants to buy again then I think that's the time when it will die. I also have a shitcoin which I get from a campaign during my newbie days and when I try to look for its name in Binance (long time ago also) it wasn't there so it's fair to conclude that it was died already.
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