Useless altcoins must remove from the whole crypto market - page 3.

Rodeo02

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Quote from: karanggatak on November 20, 2019, 05:21:35 AM

I don't think we can stop the new altcoin that keeps popping up. cryptocurrency is decentralized and free, no authority can delete or stop crypto. so that the market will select coins that are not developing. coins that don't have a trading volume will eventually die and become shitcoin. therefore I always recommend to beginners to choose the top coins. because it's safer than investing in new coins.

Only exchange can remove that if there are not enough volume but still you can see it in other exchange even decentralised exchange can easily added it if it is a token.
Better solution is to stop the investing in any crowdfund tokens.

huige007

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Quote from: Meowth05 on November 19, 2019, 12:03:41 PM

Quote from: Kevondo on November 19, 2019, 10:10:09 AM

Quote from: Snowwy on November 18, 2019, 11:48:05 AM

I don't think there is a way that we can use to remove them from market. They will only be there just that their trading will continue to reduce. Don't forget that some invested in these shit coins and they also have the right to have them in the market even if they are worthless.

You are right. We cannot wipe out failures or scams from the market. Everyone has the right to come up with a project and launch it in digital coin market. The only way to demotivate useless stuff is by not getting involved into them. Once investors will stop paying attention to them, a decrease can be seen certainly. In my opinion, old coins should be top priority of every investor.

You have a point, we cannot fully exterminate the existence of shitcoins. Almost of coin in the market are shitcoin and exchanges cannot remove this coins because some of them are paid enough to be listed. The only way I can think of is that we should not support or discourage the use of this coins so that the volume could drop to 0 and totally get remove out from exchanges. Creation of shitcoins is inevitable due to the fact that there some projects failed to meet their goal.

If you ask me, we do not need to. All we are supposed to do is invest in the right coins and make money. It is not a very difficult task, actually a way to simple and easy plan to follow. Just invest in bitcoin and hold. What part of it is hard to get? Everything in this world exists in balance. Where there is light, there is darkness too. We cant get rid of criminals entirely. But we have ways to ensure our safety and success.

confreslamp

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How do you plan to remove them? Even bad coins that have no volume on Coinmarketcap are still listed there. Moreover, there should be clear rules of what is useless and what is useful. I believe it is very unrealistic.

kaneki007

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I think it's very difficult to remove useless altcoin because there must be people who will buy/trade. But if the altcoins don't have volume they will be delist from coin marketcap and from exchangers. And we can only be careful in choosing altcoin which we will invest

tambok

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We are all hoping that altcoins should be removed from the whole market especially now that there are lots of newbies who are interested in studying crypto too but they were too confused as there are thousands of altcoins, so those listing sites just like CMC, coingecko should do their part and that is to removed all the dead coins that will not fit their criteria, they should have certain law regarding it.

d3nz

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That's not possible because majority of the altcoins are created because of hyped and some people are entertaining and investing on those coins, they already take the bait so it would be bad if they will be remove even thou they don't have any purpose just a copy-cat code from another token/coin.

Also most people are just buying those useless to gain profit if someones bought a lot of token/coine and use it as a scheme for pump and dump.

bandungan

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a coin that has no price or has no value should be removed. because we know if the coin will only make losses for beginners. so I think maybe there must be action if within a few months or years a coin that has no significant development must be removed from the crypto market

Bonenx14

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Quote from: lienfaye on November 20, 2019, 08:23:03 AM

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 need for it, if an altcoins has no real use cases then it wont get volume in exchanges and it will die as time passes due to less or no demand.

We cant get rid of these useless coins, its very easy for other people to create their own coins to accumulate money to the investors. Then in the end it will turn out to be scam, they runaway with the money of their victims.

The victims are generally inexperienced crypto investors who haven't conducted decent project research during the investment process. The scammers don't go away, they come back with their "unique" ideas again and the victims change hands. There is more than 2000 altcoins in the coinmarketcap and at least half of the listed altcoins have no real use case or working product, unfortunately.

what can make a safe investment is the investor himself, because of his ignorance, new investors are easier to get hooked on fraudulent projects and that makes them trapped. knowledge becomes important in investments or we will continue to be trapped and blame certain sources for fraud projects. because until now there are no regulations about new projects in crypto

lienfaye

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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.

There's no need for it, if an altcoins has no real use cases then it wont get volume in exchanges and it will die as time passes due to less or no demand.

We cant get rid of these useless coins, its very easy for other people to create their own coins to accumulate money to the investors. Then in the end it will turn out to be scam, they runaway with the money of their victims.

Lexurdania

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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.

I agree if a useless token or coin is removed from the market. Besides being able to provide valid data to investors, getting rid of useless coins will make the market healthier because the market cap value will be more realistic. Many tokens are still listed on exchangers but there are no transactions so investors will get invalid data about the overall cryptocurrency market value

leavolnhals

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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.

This is the negative side of a market where no one controls and sets the rules. That is why the bad projects are still done and scammed the money of so many people.
This problem will continue if the crypto market is not protected by the SEC. I hope in the future, the crypto market will be taken care of and taken more care by the SEC and the law. When that happens, our crypto market is about to reach moon!

karanggatak

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I don't think we can stop the new altcoin that keeps popping up. cryptocurrency is decentralized and free, no authority can delete or stop crypto. so that the market will select coins that are not developing. coins that don't have a trading volume will eventually die and become shitcoin. therefore I always recommend to beginners to choose the top coins. because it's safer than investing in new coins.

drlukacs

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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.

I think so. Currently our crypto market has too much shitcoin and it comes from the greed of developers, they want to cheat new investors and not care about their projects anymore. This is probably the worst thing that the crypto market has and we really should condemn such coins. it not only worsens the market but also discredit the ICO or IEO or exchanges that have introduced token sale. I think our crypto market will really grow if we eliminate such bad businesses. Meanwhile, the capitalization will be concentrated on the excellent enterprises in the top 100.

jessyj48

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Useless altcoins are not disturbing good altcoins at all, the problem is people are not opening their eye when investing in coins and there is no way to put a stop to it unless people start avoiding them completely, once there is no interest in them they will start dying due to absence of liquidity and volume which will result in delisting from exchanges

Mumbeeptind1963

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Quote from: robelneo on November 18, 2019, 01:27:07 PM

They've been removed or they are in the process of removal, exchanges don't want a useless and no volume coin in their platform, Coinmarketcap and Coingecko take them out of they failed to deliver the required volume, so even if you don't ask it, the market will take action to remove these bad coins in the market, we all want progressive coin in the market, investors are more discerning now more than ever.

I think shitcoins or inactive coins are being delisted in every exchange that they are being listed. Ive always received an email telling that in this particular day , they will remove that coin because of inactivity or no one trades that coin now. The only exchange that accepts and doesnt remove them is a shit exchanges too, but top exchanges will remove them right away if the transaction in that coin is low or else they would not be listed there at first because of being low potential altcoin.

Finestream

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Quote from: LargoCoin Foundation on November 18, 2019, 12:05:57 PM

You can't just "remove" bad altcoins. If you want to make a difference -- educate people to not fall for any of those scams. When there will be no demand for scam it will naturally die as a whole thing. When people start using their head they will not lose money to shitty projects and the natural selection will kill the bad ones.

Indeed, they are here and might stay just like in this world where scams are everywhere.

There's actually a lot of information that could help investors to choose the right projects, and if they will only make their own research, they will surely find some tips to prevent themselves on getting scam or tempted to invest in useless projects where only good in marketing but has no real use case.

kro55

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Crypto market is open for all you cant allow or throw someone out of market. As an investor we are the best judge of where to invest or not. Never fell prey of coins that offer fake rewards.

biddicoin

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Dont worry, as soon as no demand for those shitcoins in market, they will lose their value and forgotten by traders and investors
it is just time matter. In this bearish market, many shitcoins disapear and lose much marketcap

if we dont wanna see others new shitcoin, then we have to not invest in new shitcoin too
bcz it can spearhead shitcoin live and make crypto looks bad

Meowth05

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Quote from: Kevondo on November 19, 2019, 10:10:09 AM

Quote from: Snowwy on November 18, 2019, 11:48:05 AM

I don't think there is a way that we can use to remove them from market. They will only be there just that their trading will continue to reduce. Don't forget that some invested in these shit coins and they also have the right to have them in the market even if they are worthless.

You are right. We cannot wipe out failures or scams from the market. Everyone has the right to come up with a project and launch it in digital coin market. The only way to demotivate useless stuff is by not getting involved into them. Once investors will stop paying attention to them, a decrease can be seen certainly. In my opinion, old coins should be top priority of every investor.

You have a point, we cannot fully exterminate the existence of shitcoins. Almost of coin in the market are shitcoin and exchanges cannot remove this coins because some of them are paid enough to be listed. The only way I can think of is that we should not support or discourage the use of this coins so that the volume could drop to 0 and totally get remove out from exchanges. Creation of shitcoins is inevitable due to the fact that there some projects failed to meet their goal.

Gotumoot

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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.

I think investors know what they should and shouldn't buy altcoins, And there are plenty of ways to eliminate shit tokens in circulation, too. Like delisting in exchange, become more aware of it and much more.

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