Topic: Why 99% Alt Coin Will Fail? A Case Study - page 2. (Read 1793 times)
No job is secured for the lifetime (you can get fired any day) and more than half of jobs do not offer promotion opportunities or hikes in the salary. But still I’d choose real job first, and then try to share my time between real job and crypto job (at the ratio of 75/25, or kinda like that).
Yeah , you are absolutely right about your guess. Maybe 1% of them barely exist beyond 2020. According to the needs, new coins will show up these times, but these scam or useless coins will not be there.
Pros, most of the argument. Cons about that most of the team are inexperienced. There are a lot of ico with great team avrg 40 years old team, but they also failed. And not to mention that Ethereum Founder is still 24.
But the argument that I agreed the most is that ICO is just a money grabber project, hit and run
But the argument that I agreed the most is that ICO is just a money grabber project, hit and run
I think that the hardest thing for a cryptocommunity is behind and if the coin has well suffered a severe decline at the beginning of this year, then it will be able to level up in price.
Well, I do not know if the percentage of failures is so high. However, it is clear that most ICOs are designed and managed very badly, not to mention those ones that are just real scams.
I would say that 1% is cutting the market a little short. I estimate the number to be closer around 5% the first year and then go down from there. Most of what is out there is garbage. However, there are still some serious projects with serious teams. There are a lot of already established companies starting their own alt coins and projects that piggy back off the original company.
I noticed that often coins disappear which do not have any specific characteristics compared to other coins, therefore they are not popular among investors.
I agree that basically the crypt enjoys popularity among those who know little about it and just want to earn easy money.
i totally agree with you, but %99 is too hidh if you ask me
regardless the idea, i can say that most of the tokens / coins / ICOs without a working product or continues development will die ssoner or later
that is why for long term investments projects with working product and good developing team should be choosen
for short term, you can make the most out of hype for quick profit
regardless the idea, i can say that most of the tokens / coins / ICOs without a working product or continues development will die ssoner or later
that is why for long term investments projects with working product and good developing team should be choosen
for short term, you can make the most out of hype for quick profit
I have no doubt that more than 90% of these ICOs will fail short or middle term, most of them are good with plaaying with fancy ideas but the problem they will have is how to really scale the platform and monetise it, the end go of any enterprise is to make profit but now because they are enjoying free money they decided to burn the fund at a willing rate without any idea on how to generate revenue
I think that in the first place coins disappear which are not sufficiently advertised. All because investors simply do not know about the existence of the coin. That is why such attention is paid to ICO and bounty campaigns.
Interesting topic. 99% of the altcoin that will fail sounds exagerated. But it's true that when you have a look on the announcements, it's non sense to have so many. Especially that you have a lots of them that are very similar, and you have some altcoin better.
Last few weeks, so many ICO popping up, I don't know if anyone there to verify their existence. Like seriously, They taking millions from ICO, how many actually were available on the exchange? No wonder why USA & China Banned ICO.
99% dotcom companies failed in 1999 tech boom, however investors that had a diversified portfolio saw the $$$ overcoming all the losses on the few that have had sucess, in crypto it will be the same I belive.
I don't know the future, but if I had to guess I think it'll be slow loss of momentum as people realize that the majority of these projects are flashy websites and not much else. Cryptocurrency has utility as a CURRENCY and not a whole lot else in my opinion. 
About most new coins, we do not even know. Indeed, in the best case, one percent, starting from yourself something really serious to represent.
I think about 10-15% the strongest projects will survive in future and become a new "Google", "Microsoft" or "Apple". And other will fail and will be forgotten.
99% dotcom companies failed in 1999 tech boom, however investors that had a diversified portfolio saw the $$$ overcoming all the losses on the few that have had sucess, in crypto it will be the same I belive.
The market is now really oversaturated with different projects with different perspectives. Of course, to say unequivocally that 99% will die after the first year is wrong, but there are projects based only on the pump, but some have existed for 3-5 years already and so have not received the proper growth and they can jerk in the near future. Therefore, 70 to 30 is not otherwise.
Thanks guys, i hope it helps people to understand, don't invest in ICO blindly, first do some research and make sure its legit before invest, lot of problem happening recently, so be careful.
This may be a true prediction since it is supported by a logical argument. A majority of the altcoins in the market are focused on solving only one or a few problems or applications and most of them are dependant on the Ethereum blockchain network. As ethereum continues to expand, it will use its technology for applications previously used by altcoins and restrict access from its blockchain network hence be being the only solution to all the problems and applications in the cryptocurrency world.
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