Topic: Why 99% Alt Coin Will Fail? A Case Study - page 7. (Read 1793 times)
I have participate a quite a few bounty program 2 months ago, and almost 40% them turned out to be scam or didn't pay after bounty ended. You be careful guys, first research then join the bounty. good luck
I agree with the OP that there are a lot of junk coins that have no use or merit, and often not even a white paper. These will inevitably fail. 99% seems too much, but then how many coins are out there? They are not all on coinmarketcap.
Apparently, any coin that has finished ICO ever since and not yet on any exchange or on coinmarketcap has actually failed before even arriving, most of them were just meant to be scams except for few of course who are still probably waiting to put some few things in order maybe before releasing to any exchange. Like the OP have said, so many of them will fail and only those with purpose, good project and great team will thrive.
Failure in business is not peculiar to crypto currency alone! Take time off crypto and read statistcs in the Mainstream! More than 90% of new start up fail also in other businesses! Something that is different about crypto however is when any coin succeed, millions of people all around he world regardless of their colour, creed or beliefs will benefit!
You have a point! Shit happens in the real world of business generally and crypto market is not exempted.However, looking at the crypto market, it is obvious so many of them will fail more than what we would have had in the real world.
Some do not even have a project backing them, no purpose why they were even created except some formed up whitepaper that any native English speaker can help coin perfectly. Some just started ICO to raise money to build their dream and some people fell for it.
This is why, even though you hit the jackpot usually when you spot a great coin from the very beginning, sometimes it is better to focus on coins which have already proved that they could survive for one or even more years.
Every word is true.
We’ve all seen ICOs, where we are promised a revolution but don’t even see the beginnings of it. Most ICOs don’t even seem to have an Alpha version of a product, and if you read their white papers, you find that the project isn’t even past the conceptualization phase
We are living in money making generation ,We’ve all seen ICOs, where we are promised a revolution but don’t even see the beginnings of it. Most ICOs don’t even seem to have an Alpha version of a product, and if you read their white papers, you find that the project isn’t even past the conceptualization phase
Where the one who have an idealist vision is so rare exist , they are a realistic one who think so selfish to make a quick bucks through cryptocurrency business opportunity ,
A future purpose on how cryptocurrency could actually working well to help fintech develop in our daily lives through altcoin invention almost disappeared , i can't see it anymore , last time it's bitcoin who have that pure future purpose ( maybe it's the only one
) .Really my doubt on altcoin getting higher time after time , we might have to discuss more about something like this.
i agree with you because most of this coins don't solve many problems!
i think the biggest problem today in the cryptoworld is scalability!
if no scalability, no mainstream!
i think the biggest problem today in the cryptoworld is scalability!
if no scalability, no mainstream!
Every word is true.
We’ve all seen ICOs, where we are promised a revolution but don’t even see the beginnings of it. Most ICOs don’t even seem to have an Alpha version of a product, and if you read their white papers, you find that the project isn’t even past the conceptualization phase
We’ve all seen ICOs, where we are promised a revolution but don’t even see the beginnings of it. Most ICOs don’t even seem to have an Alpha version of a product, and if you read their white papers, you find that the project isn’t even past the conceptualization phase
The biggest portion might fail, but not %99, this percentage does not reflect the advancement of Blockchain technology, yes, there are scammers and unexperienced developers, but there are real projects which will advance blockchain usages.
The first thing the most of people who earn altcoin in signature sell and people buy only if is project good,but hugh numbers of projects never invite this is main reason i think.
Good post.
We've already seen a lot of alts die - Neucoin for example (which was being shilled by Jackson Palmer back in the day).
Unless a coin has a special selling point or a big community, it's likely to die within five years.
We've already seen a lot of alts die - Neucoin for example (which was being shilled by Jackson Palmer back in the day).
Unless a coin has a special selling point or a big community, it's likely to die within five years.
True, but I think five years is being too generous. Especially at the rate that crypto is going nowadays, if there isn't anything significant within the next year then I think we are going to see a lot of coins dying.
You are right, the way new coins coming everyday, i have doubt if they will last 6 months, lol
Good post.
We've already seen a lot of alts die - Neucoin for example (which was being shilled by Jackson Palmer back in the day).
Unless a coin has a special selling point or a big community, it's likely to die within five years.
We've already seen a lot of alts die - Neucoin for example (which was being shilled by Jackson Palmer back in the day).
Unless a coin has a special selling point or a big community, it's likely to die within five years.
True, but I think five years is being too generous. Especially at the rate that crypto is going nowadays, if there isn't anything significant within the next year then I think we are going to see a lot of coins dying.
Good post.
We've already seen a lot of alts die - Neucoin for example (which was being shilled by Jackson Palmer back in the day).
Unless a coin has a special selling point or a big community, it's likely to die within five years.
We've already seen a lot of alts die - Neucoin for example (which was being shilled by Jackson Palmer back in the day).
Unless a coin has a special selling point or a big community, it's likely to die within five years.
Just noticed on Alt coin announcement, what's going on with Ether coin? There are 5 new ICO associate with Ether everyday. Do people realized these coins has no value, or these are shit coins. Someone has to stop this madness.
No one will stop as long as there is a sucker born every minute.
The prevalent FOMO also helps to feed the madness.
This is why. i believe there should be ICO regulation. Only reputable company or those who can spend millions or have funds, should allow to offer ICO. Till then it is very risky as normal people will buy those shitty coins, and some day they will disappear with all money and nobody can do anything.
If you want to control or stop the madness, Every country should have put a standard regulation for the ICO.
Considering there are thousands of coins out there, I think saying 99% will fail is accurate. That would mean that there would still be dozens that are successful.
maybe, i guess. because ethereum still do increase. so maybe
The points you listed will ultimately determine the future of a lot of projects. However I think that the end is not quite here yet. If we compare the current market cap to the dotcombubble we still have a long way to go until it all comes down. =)
Currently I'm only aware of 2-3 projects (1 still in ICO) that actually offer something.
Currently I'm only aware of 2-3 projects (1 still in ICO) that actually offer something.
The Alt coin market is such a bubble its unbelievable...However the companies with solid business plans and strong platforms may become the google's of Internet 3.0.
Below is the best token of all time, enjoy. It raised over 100,000 USD
https://uetoken.com/
Below is the best token of all time, enjoy. It raised over 100,000 USD
https://uetoken.com/
I agree with the OP that there are a lot of junk coins that have no use or merit, and often not even a white paper. These will inevitably fail. 99% seems too much, but then how many coins are out there? They are not all on coinmarketcap.
why because many people dont thrust that.
so many scam project born daed coin
so many scam project born daed coin
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