Topic: Why most of ALTCOINS are dead or worthless? - page 11. (Read 2190 times)
I think the most reasons why those altcoins are dead because it was only created for a sole purpose to earn money from it and scam its investors, others altcoins also have no real use case that's why it has no demand for its tokens/coins that result in dumping and eventually die in the process. some are promising but the team has decided to stop its development due to funding issues. that's how I thought.
Most of present crypto projects are complete worthless in fact and their token's price is pumped only when some whale or exchange uses it to drain money from hamsters' wallets 
Since the last two-three years ago, there has been to many shady projects going around. And they cannot even survived long enough in the market.
Which only leave the shit coin/token behind. Especially token based on Ethereum Smart Contract, it's very easy for people to create one.
We also have too many failed or scammed projects. Which make the little bit successful ones, well not that successful either, cannot have a great price once they listed in the market.
Which only leave the shit coin/token behind. Especially token based on Ethereum Smart Contract, it's very easy for people to create one.
We also have too many failed or scammed projects. Which make the little bit successful ones, well not that successful either, cannot have a great price once they listed in the market.
Because too many people create altcoins in order to just make money on it and then when they already get at least some kind of money, this altcoin stops developing and the creator or creators of this altcoin simply run away with money, and also many altcoins simply become unnecessary to anyone, even if these altcoins have a working product.
It all happened in 2017 when Bitcoin was in it's peak, a lot of them tend to start new project to make profit. A lot of alts failed only because of their team and development was to cheat people 'scam'. And most of the investors lost faith in alts and yes only handful alts are surviving in the market. The past two years have been brutal to for the maximum number of altcoins and it slowly became worthless in reality.
indeed many cases that make altcoin worse but usually they are the CEO of altcoin only think of the money and profits he gets and do not think long how he can get a lot of profit when altcoin can still survive until a very long time and many who use altcoin for transactions and can provide a lot of profit from that moment, it's also possible that the CEO does not have a good concept and can attract investors and eventually many altcoins collapse like this. 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.
As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.
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.
As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.
Creating a coin easily, and the absence of regulation and investors ignorance help scammers to scam a lot of people, after two years people have learned a lot about crowdfunding and they found out so many of these are scam projects, just a duplicate of past and failed projects and there's really no realistic platform to speak.
It all happened in 2017 when Bitcoin was in it's peak, a lot of them tend to start new project to make profit. A lot of alts failed only because of their team and development was to cheat people 'scam'. And most of the investors lost faith in alts and yes only handful alts are surviving in the market. The past two years have been brutal to for the maximum number of altcoins and it slowly became worthless in reality.
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.
As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.
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.
As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.
because most of alcoins have idea or ideas and have no practical realisations just promising . Never more
That projects who provide to world necessary solution will become a real fintech company
When something gets a lot of attention or becomes famous people will naturally want to get a piece of it. That's what happened to altcoin, everybody want to be part of it launching many ICO. Some were legit but there were a lot of fakes and scams which hurt Altcoin so bad. People now have lost its interest in altcoin because of the bad image it received.
Its because these altcoins dont have any use cases at all. They are just created solely for the money. Sure there are some people that have shown support on them on their ICO or something but as the projects progress, if they even progress, does even nothing to its investors.
They lost investors because of their own mistakes about making projects based on trial and error and they do not have a real product that can be developed, so it is not surprising when investors are no longer easy to be deceived by scam projects that may still be popping up everywhere, because now they are will only focus on investments that promise large returns in bitcoin and other large altcoins.
Yes you are right, the customer is your banner if he satisfied with the program he will automatically advertise your work, your company
and if you scam his he will speak up where he could maximum.
Majority of altcoins platform dead because either they are outdated or didn't have better alternative solutions are already outperformed their platform, This is what happened if your projects have a lack of vision for the future and new possibilities that the world has to offer every time. The world is advancing so the best will survive and worst will fall! So be smart to choose and invest in the right coins.
They have nothing to offer that's why they are dead, any coin or token that's build by weak team or not really need features it will end up in the dustbin, the choice is left for investors who are looking for young projects to hold for years be careful where you put your money
In my opinion running an ICO project this year has been very difficult and most people don't really trust the ICO project, maybe to run IEO has been very well implemented for now, from the emergence of IEO it will restore the confidence of all investors ..
But if there is someone who has an idea for a good system from IEO, it might be discussed by all Bitcointalk users, but most of the projects presented don't have very good prospects for Crypto growth, even current projects, just looking for profit from projects that are they run, not thinking about Cryptocurrency growth ...
But if there is someone who has an idea for a good system from IEO, it might be discussed by all Bitcointalk users, but most of the projects presented don't have very good prospects for Crypto growth, even current projects, just looking for profit from projects that are they run, not thinking about Cryptocurrency growth ...
Ethereum blockchain is not only to blame for the numerous number of scam projects that are existing because if no one will invest on it then no one will become a victim. The investor itself has a responsibility in making a decision on where to invest, not conducting a research is the problem and sometimes they are greedy for the high return.
Altcoins that are worthless has no uses and you will know this if you did your part as an investor.
Altcoins that are worthless has no uses and you will know this if you did your part as an investor.
Definitely, creating more altcoins is not profitable these days. Investors are wise choosing which altcoins to be hold and buy that is why most of the altcoins in the market were being left behind and worthless. And yeah, they created coins for fund raising without any serious goal, real products and good purpose which makes the altcoins being useless at the end.
Seriously, devs are easily creating coins or tokens using erc20 by ethereum blockchain and that makes the market more polluted because most of them were not really contributing any significant use to the crypto market.
Seriously, devs are easily creating coins or tokens using erc20 by ethereum blockchain and that makes the market more polluted because most of them were not really contributing any significant use to the crypto market.
sure creating an alt and become succesful is a hard task now due to the number of coins available in the space but nothing is still impossible for a team that is seriuos and dedicated for thier advocacy . if thier goal is to create a useful alt to help our lives more easier , better they prove it and advertise it harder . when few people notice it , that is the start of their growth once people try it and will get satisfied . i dont see any reason why they can become dead as long as they keep on updating it .
Definitely, creating more altcoins is not profitable these days. Investors are wise choosing which altcoins to be hold and buy that is why most of the altcoins in the market were being left behind and worthless. And yeah, they created coins for fund raising without any serious goal, real products and good purpose which makes the altcoins being useless at the end.
Seriously, devs are easily creating coins or tokens using erc20 by ethereum blockchain and that makes the market more polluted because most of them were not really contributing any significant use to the crypto market.
Seriously, devs are easily creating coins or tokens using erc20 by ethereum blockchain and that makes the market more polluted because most of them were not really contributing any significant use to the crypto market.
Is it a flaw or is it just abused?
The problem here is how people think and not the technology offered to you.
God made a fruit which is forbidden to eat but yet we are still that hard headed being a human and ate the forbidden fruit.
That will never end.
If at the beginning, the real purpose is to scam then there will be other ways and not just thru ERC20. They will always find ways.
The problem here is how people think and not the technology offered to you.
God made a fruit which is forbidden to eat but yet we are still that hard headed being a human and ate the forbidden fruit.
That will never end.
If at the beginning, the real purpose is to scam then there will be other ways and not just thru ERC20. They will always find ways.
Don't blame ETH for ICO scams. It's not the fault of ERC20 tokens that people fail to see them for what they really are (mostly just a way to donate to devs). Nobody is making yo pay for those things. It's not the fault of a rotten apple or the guy selling rotten apples, it's the fault of the buyer!
Most altcoins are worthless because they have no use. People were making them to gather money or just to make something different. Different doesn't mean useful.
Most altcoins are worthless because they have no use. People were making them to gather money or just to make something different. Different doesn't mean useful.
I don't think it was all on Ethereum. The thing here is that even if Ethereum wasn't created in the beginning, there will still be scammers and shitcoins, nothing will solve people's greediness. The failure of the coin was due to that fact that they really don't have any solid plan to make the coin worthwhile. Most of them are money grabbing coin/token to attract investors from which the developers once have their desired investors, they can just runaway.
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