Topic: Why most of ALTCOINS are dead or worthless? - page 2. (Read 2190 times)
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.
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.
This is why ICO died in 2018. When ICO was very rarely to be found, you could pretty much found good projects with fresh ideas with that day and most of the ICOs on that day were successful, also when they got to the exchanges, the price was pumped up to 3x from the initial price which was quite impressive on that day.And again, once it becomes mainstream to "grab quick money" then you can guess, most of the greedy fuck scammers out there trying to "camouflage" their scummy intent and it keeps going until today because many people falling into this stuff. Compared to 2018, you can find more of scammers over the legit ones.
I think it's because of the lack of real use cases. and it's also possible that for another reason namely the seriousness of the team that was just pretending.
and other reasons may also be because the team is not professional in carrying out a project so that the Altcoin they develop has no value in the market and eventually becomes dead.
and other reasons may also be because the team is not professional in carrying out a project so that the Altcoin they develop has no value in the market and eventually becomes dead.
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.
Yes, that's right, that's what I mentioned earlier that the altcoin developer is not serious in developing it. or something else I can say that they are just looking for a momentary profit from investors.
However, the most common cases that cause alcoint to not develop are because it has no future use so that the latcoin loses value and dies in the market. these are the most cases that i've seen happen with altcoins
too much hype is part of what, most of those meme token
if hype is much, there is probability for the project not to do well
if hype is much, there is probability for the project not to do well
I think it's because of the lack of real use cases. and it's also possible that for another reason namely the seriousness of the team that was just pretending.
and other reasons may also be because the team is not professional in carrying out a project so that the Altcoin they develop has no value in the market and eventually becomes dead.
and other reasons may also be because the team is not professional in carrying out a project so that the Altcoin they develop has no value in the market and eventually becomes dead.
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.
I think it's because of the lack of real use cases. and it's also possible that for another reason namely the seriousness of the team that was just pretending.
and other reasons may also be because the team is not professional in carrying out a project so that the Altcoin they develop has no value in the market and eventually becomes dead.
and other reasons may also be because the team is not professional in carrying out a project so that the Altcoin they develop has no value in the market and eventually becomes dead.
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.
I think many of them create projects without being based on maximum knowledge, they just want their own profit by deceiving many traders by promising big profits. in fact, if we look further, all these scam projects do not have white papers and clear roadmaps. I think this is where most altcoins are dead and worthless. actually this needs to be dealt with firmly so that trust does not fade.
Currently more than 21k cryptocurrencies have been registered, every day at least 100 new listed appear, the ease of creating projects especially tokens in BCS, MATIC, ERC20 and so on makes the number of altcoins continue to increase, this makes competition fierce so many altcoins are dead or worthless .
The world of cryptocurrency is getting bigger by the day with more activity, more coins, and more developers. But most of the coins are just pranks or scams to bring in money from traders.
New coins are launched almost daily by anonymous developers. They develop and advocate coins and then give up due to a lack of incentive and interest. If the coin succeeds at a certain level the developer leaves the project or starts Premining or implements a Pump & Dump scheme to increase the price and throw it all away.
Just think twice if you really want to take the time to follow their advice.
New coins are launched almost daily by anonymous developers. They develop and advocate coins and then give up due to a lack of incentive and interest. If the coin succeeds at a certain level the developer leaves the project or starts Premining or implements a Pump & Dump scheme to increase the price and throw it all away.
Just think twice if you really want to take the time to follow their advice.
I wouldn't say most coins are launched by "anonymous developers", especially when investors' money is at stake. The vast majority of projects want to attract VCs, so the only way to do that is by complying with regulations by disclosing team members' identities. Even so, I'd say most altcoins are pure cash grabs because their main purpose is to enrich developers themselves. They don't bring real use cases that would spur mainstream adoption. Only a select few altcoins are truly worth your time because of their commitment in bringing innovation and usability to the general public.
I'd just "stick" with BTC and ETH since they're the only cryptocurrencies that are guaranteed to last a lifetime. The rest could simply fade into oblivion as people move on to the next big thing in crypto. Who knows what the future holds for the entire crypto/Blockchain space? Just my opinion
The world of cryptocurrency is getting bigger by the day with more activity, more coins, and more developers. But most of the coins are just pranks or scams to bring in money from traders.
New coins are launched almost daily by anonymous developers. They develop and advocate coins and then give up due to a lack of incentive and interest. If the coin succeeds at a certain level the developer leaves the project or starts Premining or implements a Pump & Dump scheme to increase the price and throw it all away.
Just think twice if you really want to take the time to follow their advice.
New coins are launched almost daily by anonymous developers. They develop and advocate coins and then give up due to a lack of incentive and interest. If the coin succeeds at a certain level the developer leaves the project or starts Premining or implements a Pump & Dump scheme to increase the price and throw it all away.
Just think twice if you really want to take the time to follow their advice.
Because most of these altcoins do not have a unique idea for their project and use related to the Blockchain, or the team of most of these dead altcoins do not have enough capital to conduct marketing campaigns for the project or to pay the salaries of development specialists or to list the project coin in large exchange platforms and also perhaps that the altcoin project does not have interested investors, Therefore, most of these dead altcoins projects do not last long and their coins are worthless. Before you invest in any project, you have to get to know the altcoin project team and its experience and all the details from which you can deduce whether the project will live or die in the future.
Exactly. But most people are blind enough to recognize this since they're only thinking about getting rich quick. The vast majority of altcoins are pure cash grabs, as developers run away with the money during the hype period. Only a small number of altcoins provide concrete results to the public with active development and innovation. I'd say 99% of altcoins will die simply because they have no substance to them. The first ones that will go away are "meme" coins, followed by algorithmic stablecoins and single-purpose Blockchain networks (with the exception of Litecoin, Dogecoin, and Bitcoin). I wouldn't worry about most altcoins disappearing in the future as long as we have Bitcoin at our side. Just my thoughts
Most new projects are created solely for the purpose of raising funds to benefit the project team. So it's not surprising that most of the new projects
that are out now will end up being scams left by the development team. Because after the new projects pump, soon it will be dumped and after that
it will become worthless and cannot be sold. I very much have new projects that have been in my wallet for a long time because they can't be sold,
because there is no demand for the project.
That's why often new projects have no clear purpose and are just a copycat of previous projects. Then we will find it difficult to find new projects that
are potential and can last a long time, finally the focus of investing in top coins is much safer and more profitable. Unfortunately, because investing
in top coins cannot provide large profits in a short time. Finally, there are still many investors who seek their fortune in new projects. Even though
the risk of investing in new projects is very high and it is very likely that we will lose money.
Because most of these altcoins do not have a unique idea for their project and use related to the Blockchain, or the team of most of these dead altcoins do not have enough capital to conduct marketing campaigns for the project or to pay the salaries of development specialists or to list the project coin in large exchange platforms and also perhaps that the altcoin project does not have interested investors, Therefore, most of these dead altcoins projects do not last long and their coins are worthless. Before you invest in any project, you have to get to know the altcoin project team and its experience and all the details from which you can deduce whether the project will live or die in the future.
Exactly. But most people are blind enough to recognize this since they're only thinking about getting rich quick. The vast majority of altcoins are pure cash grabs, as developers run away with the money during the hype period. Only a small number of altcoins provide concrete results to the public with active development and innovation. I'd say 99% of altcoins will die simply because they have no substance to them. The first ones that will go away are "meme" coins, followed by algorithmic stablecoins and single-purpose Blockchain networks (with the exception of Litecoin, Dogecoin, and Bitcoin). I wouldn't worry about most altcoins disappearing in the future as long as we have Bitcoin at our side. Just my thoughts
Because most of these altcoins do not have a unique idea for their project and use related to the Blockchain, or the team of most of these dead altcoins do not have enough capital to conduct marketing campaigns for the project or to pay the salaries of development specialists or to list the project coin in large exchange platforms and also perhaps that the altcoin project does not have interested investors, Therefore, most of these dead altcoins projects do not last long and their coins are worthless. Before you invest in any project, you have to get to know the altcoin project team and its experience and all the details from which you can deduce whether the project will live or die in the future.
Exactly. But most people are blind enough to recognize this since they're only thinking about getting rich quick. The vast majority of altcoins are pure cash grabs, as developers run away with the money during the hype period. Only a small number of altcoins provide concrete results to the public with active development and innovation. I'd say 99% of altcoins will die simply because they have no substance to them. The first ones that will go away are "meme" coins, followed by algorithmic stablecoins and single-purpose Blockchain networks (with the exception of Litecoin, Dogecoin, and Bitcoin). I wouldn't worry about most altcoins disappearing in the future as long as we have Bitcoin at our side. Just my thoughts
Because most of these altcoins do not have a unique idea for their project and use related to the Blockchain, or the team of most of these dead altcoins do not have enough capital to conduct marketing campaigns for the project or to pay the salaries of development specialists or to list the project coin in large exchange platforms and also perhaps that the altcoin project does not have interested investors, Therefore, most of these dead altcoins projects do not last long and their coins are worthless. Before you invest in any project, you have to get to know the altcoin project team and its experience and all the details from which you can deduce whether the project will live or die in the future.
some of these shitcoins have no utilities. They are built around hype and promoted by highly influencers people and often time, without a strong purpose they fizzle out with time.
Agree. There are too many coins having no real use cases. They have no good fundamentals. Sadly, they only rely on the hype to increase the values. Because of these reasons, most of the coins now are difficult to survive. Also, people are getting smarter, they won't risk their money on useless coins. People are quite familiar with the scheme of shit tokens/coins, they won't be interested anymore with weak fundamentals coins. So, there are many shit coins with have very low demand, and then they will disappear.However, some or them are still smart because they don't hodl their shitcoins for too long but they drop it once they already made some gains. Their main investments are still on coins with good fundamentals.
As the name implies, altcoins mean alternative coins. Altcoins are currently considered a short-term investment, they don't have any real-world use cases like bitcoin, however not all altcoins are the same, there are some altcoins that are really beneficial and useful like eth.
Investing in atltcoins should only be considered speculation, not long-term investment because their future is very uncertain, can die at any time.
Investing in atltcoins should only be considered speculation, not long-term investment because their future is very uncertain, can die at any time.
Almost all altcoins are money grab, make sure you choose the most useful and this will keep your money in check even in a very bad market situation, if you want to take a high risk make sure we are already in a bull market, grab your money and exit the project before its too late.
Altcoins always follow the movement of the Bitcoin price, and what you are seeing right now is proof,
Bitcoin has just dropped at $20k and all altcoins have dumped up to -10% and some even went up to -40%,
but if you mean altcoin projects scam, of course it is already a risk,
therefore if you want to invest in the crypto world, you must choose an altcoin with strong fundamentals
Bitcoin has just dropped at $20k and all altcoins have dumped up to -10% and some even went up to -40%,
but if you mean altcoin projects scam, of course it is already a risk,
therefore if you want to invest in the crypto world, you must choose an altcoin with strong fundamentals
Just like other things in this world, practicality could be two edges of the sword. On the one side, it could make more people interested in building good quality projects based on other chains in an easier way, but on the other side, criminals try to take advantage of this easiness. Actually, not all dead or worthless altcoins are intended to scam at the beginning, as we know the crypto world is like a jungle basically, those who are strong would be the winner, especially in a bear market like this. Many projects give up affected by the winter season in the crypto world.
The cryptocurrency industry is a new industry and it takes a lot of time to mature and develop, it's not a bad thing for altcoins to die or be replaced, it's completely normal. If you want to develop further, there must be competition, the rule of elimination, and weak, unprofitable projects will have to give way to better things. We are growing and moving in the right direction, only projects that really bring value stay until the end.
Just like other things in this world, practicality could be two edges of the sword. On the one side, it could make more people interested in building good quality projects based on other chains in an easier way, but on the other side, criminals try to take advantage of this easiness. Actually, not all dead or worthless altcoins are intended to scam at the beginning, as we know the crypto world is like a jungle basically, those who are strong would be the winner, especially in a bear market like this. Many projects give up affected by the winter season in the crypto world.
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