Topic: Why most of ALTCOINS are dead or worthless? (Read 2190 times)
but even if the token creation fee is already expensive like when ethereum gas was expensive it still doesn't rule out the possibility that scammers are still there. their latest method is rugpull by revoking their market liquidity or they sell all dev tokens. Strangely, the projects are getting narrower and narrower, even if a good project is not necessarily strong enough to compete in the current market.
Trend change everytimes. After trend end most of coins lose their value. If the project has no big Usecase then after some time it s become worthless. Bnb chain most of coins are now worthless and now has no value. Rate of launching coin is big , this why previous project are now dead.
I believe that with the huge number of new altcoins emerging that are interchangeable with each other and are thousands of copies of each other. With the advent of a new coin there is nothing new but rubbish amongst the same projects. I am sure that if 99% of altcoins disappeared, the market would restore order and there would be less scam.
That's right, most of the problems are rooted in the altcoin market, but did you notice one thing: hype, new technologies all start with altcoin projects? This means the altcoins market, they really bring a lot of mess and chaos to the market but at the same time, they also bring a breath of fresh air to the market. New trends and hype help the market attract more and more investment capital and the most special thing is that thanks to altcoins, we have something to compare and see the greatness of bitcoin that no other altcoin can match.
I guess we have a lot of dead or worthless altcoin because lots of projects and products does not require a blockchain or their own altcoin to operate. A lot of projects impose their own tokens, because they just wants to be an intermediary between users funds and service/product. Because their goal is to sell a token, but not to be useful or offer something.
other than that, the best reason I can think of is, because the project was abandoned, whether it was from the developer, or the investor. no one is interested in the coin or token so the coin drops until nothing remains. Another reason is because of greed, scam, and irresponsibility of the developer. many of the projects were just hype at first, but could not sustain investors' desire to hold the coins they developed for a long time. 
Some altcoins are meaningless, but the remainder still have a lot of value and the ability to offer its users outstanding benefits. The reason some altcoins are meaningless is because fewer people are drawn to them, which causes them to eventually lose all of their significance. Many altcoins lost increasing attention in precursor years, but they now have a lot of potential and many investors favor them for their investments.
I guess we have a lot of dead or worthless altcoin because lots of projects and products does not require a blockchain or their own altcoin to operate. A lot of projects impose their own tokens, because they just wants to be an intermediary between users funds and service/product. Because their goal is to sell a token, but not to be useful or offer something.
In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
All types of scamming news till today are about altcoins. When crypto booms, there is also a lot of investment in altcoins. Investors should focus on altcoin selection. Avoid investing in shit or poor quality of altcoins. Considering all the negative and positive aspects, the importance of Altcoins is immense.Weak regulation made those people who run a project highly only aim for the investor's money rather than building with a real team they only create a team that only fills the role without any real work. I saw many new projects got active social managers to attract new investors since the social manager is the one that the most interact with new people who just joined their social accounts.
In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
All types of scamming news till today are about altcoins. When crypto booms, there is also a lot of investment in altcoins. Investors should focus on altcoin selection. Avoid investing in shit or poor quality of altcoins. Considering all the negative and positive aspects, the importance of Altcoins is immense. 
A person who have got good technical knowledge have got the ability to create his own coin. In such a way it is possible to see a big list of altcoins available in the market. These coins doesn't have any usage and just moved to make some money. Just think of the recent Queen Elizabeth II coins, everything created based on her death. Nothing beyond that, just hyped to make money out of a historical incident.
It's just people who are looking for money in the event of the death of the queen of England, even they certainly don't have a concept that really aims to be a long-term project, that's why a lot of useless coins have sprung up, with the aim of just looking for money alone in selling, then no wonder so many people don't believe in new projects emerging nowadays..
Since cryptocurrency became so popular, and shocked people with its volatility, more people jump in to gain the opportunity either to invest or become developers. Back then, both can earn a lot of money. Until then Ethereum came with its smart contract that makes whoever can build their own projects with their own tokens. People were competing to sell their projects without any proper preparation just to end failure. Or, actually, they have an ill intention from the beginning. They suck money from investors and abandon the projects (scammed) after gaining money as they expected. It's kinda halted by the expansiveness of Ethereum gas, but then came the solution like BSC and Polygon that continues the madness. I hope the crypto world becomes mature along the way and scam projects will decrease.
A person who have got good technical knowledge have got the ability to create his own coin. In such a way it is possible to see a big list of altcoins available in the market. These coins doesn't have any usage and just moved to make some money. Just think of the recent Queen Elizabeth II coins, everything created based on her death. Nothing beyond that, just hyped to make money out of a historical incident.
Trend change everytimes. After trend end most of coins lose their value. If the project has no big Usecase then after some time it s become worthless. Bnb chain most of coins are now worthless and now has no value. Rate of launching coin is big , this why previous project are now dead.
Considering the fact that most of the alts are designed for a pump and dump opportunities, the very reason why most of it after the at short pump experienced declined.
If you are a type of investor who is keen on success, you needed to DYOR and study the project that you are going to invest your money,
not because of the current hype you'll going to buy and take your chances.
It is indeed a wiser decision buying something that you understand the usages, the chance of having a continuous growth
is very possible you can buy and hold, then wait when more progress and development being accomplished expect great rewards.
The majority of altcoins are just hyped projects to make money and then disappear, but there are a few that are actually serious about growing like ethereum, so they usually won't be able to survive the extended bear season.
The top altcoins will mostly be replaced by new projects as they will either become obsolete or do not want to develop further, this is common in altcoins, a lot of developers will leave the project when bear season occurs.
The top altcoins will mostly be replaced by new projects as they will either become obsolete or do not want to develop further, this is common in altcoins, a lot of developers will leave the project when bear season occurs.
As I've said before, the vast majority of altcoins are junk. That's because developers create them for profit, not as serious projects which provide real use cases to the world. It's this reason why there are thousands of altcoins being traded on the market today. Among the zillions of altcoins listed, only a few are actually worth your investment. If only people made their own research before investing in a new coin, they would've avoided a lot of unnecessary headaches.
Money talks, so I don't think we'll see a decline in the rate of altcoins being issued by developers anytime soon. At least, we know the core concept of crypto/Blockchain tech won't be going anywhere. As long as decentralization wins, nothing else matters. Just my thoughts
I largely agree with your opinion, but if the regulators start to intervene in this market, everything could get worse. There are a lot of scams coins today, but we also have experience. Our experience will be useless if the regulators take over this market tomorrow, because our area of freedom may face many restrictions. I am in favor of the continuation of the current market conditions.
It's true what you mentioned about the number of fraudulent coins nowadays, this is one of the big obstacles that make all Altcoins worthless in the eyes of investors, and the ease with which projects have sprung up to make tokens so easy, and used only for fraud, although not all but in fact it happened..
Thats a wrong perception about altcoins. There are good number of altcoins available in the market with better technology than the top list. But, it lacks support or investment which keeps them low on the market. We need to train ourselves through our learning to find the right altcoins. If one can make this process in an effective way, then altcoins will help us generate big roi on investment.
Yes, it is true that so far there have been several coins with better technology offered in the market but unfortunately they are not very attractive to the public because so far if we see many people who make mistakes when they want to start investing, they often invest because they follow FOMO not because based on their respective analysis, so they are tempted to put funds into a fraudulent project and they end up coming out with a loss and shouting that altcoins are scams. In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.
I also see that in the current BSC, there are a lot of honeypot tokens and it ends in rugpull.This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.
Currently Ethereum has high network fees, there are some fake tokens there too, at least the increase in network fees keeps developers who want to commit fraud from using the Ethereum network for now.
By the way this is a list of dead coins 2017 https://coingeek.com/dead-coins-list-over-1000-crypto-projects-gone-in-2019/
creating fake coins to cheat and loss of investor trust destroys everything, they are only looking for temporary profit, maybe this is one of the traded altcoins so dead and useless, hope this ends soon and no more scam projects
The crypto space has turned out to be a ground for creating worthless coins that have no utility. It is so unpalatable that we are in this stage in crypto where majority of altcoins turn out to be scams. It is hard time to put an end to all this. Crypto is supposed to be a safe haven for investors not a hell for us all.
Crypto is not meant to be a ground for scammers to scam and walk freely without being apprehended
Crypto is not meant to be a ground for scammers to scam and walk freely without being apprehended
Thats a wrong perception about altcoins. There are good number of altcoins available in the market with better technology than the top list. But, it lacks support or investment which keeps them low on the market. We need to train ourselves through our learning to find the right altcoins. If one can make this process in an effective way, then altcoins will help us generate big roi on investment.
they will be replaced by a new generation. The laws of nature always apply everywhere.
Exactly, If the project cannot build and develop the project regularly and continuously, surely the project will be replaced by other projects that are newer and offer more benefits. A project that is successful and lasts longer in the market is usually those who have a really serious, strong team, and also fairly stable finances. So that they are really able to realize the fundamentals of their project. So the project will continue with real utility. But unfortunately, only a few altcoins can afford Jump to: