Topic: Way too many new coins - is this a real threat for crypto ? - page 2. (Read 473 times)
The competition isn't healthy when 3 more similar projects suddenly appear in the market all doing same ICO almost at the same time, it certainly is shady after seeing CAR token appear and then the rest also appear with different name. I can even think these projects are all done by same team concealing themselves with different facebook accounts.
Fear-of-missing-out is typically a social anxiety that "others are having fun without you", but it also applies as a financial social anxiety that "others are making money without you". You are most likely suffering from this anxiety to a certain degree (a lot of us are!)... But you decide how much you want this anxiety to govern your life. Enjoy the fact that you are a unique person, and enjoy your life experiences, and try not to worry about what everyone else is doing.
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
you are not supposed to find the bigger picture actually, because you cant you have to take what finds you, the world is a big place you know, lots of different things need funding.
among those are many empty scam ICOs, that are just designed to imitate businesses, but also businesses that cant deal with their goal,
bet what could be usefull is to find the bigger information hubs that investors currently use for decision making and fund distribution.
nevertheless if bitcoin cant be invested, it cant be useful, economic structures have to be kept up and bitcoin is not helpful with it.
regards
1.could be negative when too much people start losing money with these scams and decide to stop investing into crypto.
2. imo it's better to have a few good coins that start having real world adoption, then a zillion of these things who will prove to be useless
2. imo it's better to have a few good coins that start having real world adoption, then a zillion of these things who will prove to be useless
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
It cannot be helped. It would be more in the future when cryptocurrency over comes fiat. Every project can use a token of their own for the project they are developing to set a brand or identity for themselves in the crypto world. It is just like a business having its own ticker used for stock exchange.
Competition is healthy right? I don't see it as a major issue but I do feel that there are far too many ICOs now so to find the decent ones through all the rubbish can at times be like finding a needle in a haystack.
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
It is simply physically impossible to track all of the new altcoins that keep appearing. You would need to hire an entire team to keep studying new altcoins and filtering the bullshit from the good projects which unfortunately are very few. If you try to do it by yourself, you will see that there are not enough hours in the day.
So many shitcoins out there only make it more obvious that bitcoin is the king.
There are currently 3,812 different publicly traded stocks in the US alone. You don't have to research and keep track of every single one of them to invest in the stock market. The same goes for altcoins--there's no need for most people to keep track of every last new altcoin that comes out. I would suggest picking a few sectors that you are knowledgeable about or interested in and stick with those. The good projects that fall into an area of interest will probably stand out to you and be good candidates for further research.
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
It is simply physically impossible to track all of the new altcoins that keep appearing. You would need to hire an entire team to keep studying new altcoins and filtering the bullshit from the good projects which unfortunately are very few. If you try to do it by yourself, you will see that there are not enough hours in the day.
So many shitcoins out there only make it more obvious that bitcoin is the king.
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
No, it's doesn't. Do fiat or local currencies are affected by threats? In. The future every country has its own cryptocurrency aside of Altcoins that is being circulated globally and every cryptocurrency are not related to each other, they're just have roles in each field and most of them were used as trading and conversion into the next Altcoin or cryptocurrency. Even Bitcoin hard forks have nothing to do with each other.
It can be a bit overwhelming sometimes, but it's not too difficult to weed out most of the lousy projects with a quick look at the whitepaper.
I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
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