There are lots of cryptocurrencies that it's difficult for every coin to get attention in the market. Besides a number of coins are literally dead, there is no development news, no community engagement and so on
Topic: Why most of ALTCOINS are dead or worthless? - page 7. (Read 2190 times)
Taken a closer look at most of these altcoins that has been launched some years past and some that are still be launching is, they lack that view of making these projects great, all they are looking for is hie they can get money from these projects and abandoned them forever such as what we have seen. These developer have no ideas of pushing these projects forward to benefit investors, rather they execute their hidden plans to scam investors. For your information, any altcoins without a real world case use is a shitcoin and scamcoin, avoid them, please.
I think there are a lot of reasons why many altcoins becomes worthless or dead right now. Some projects did not meet their required capital during ICO or IEO so maybe admin abandoned the project. Market situation lately is bearish causing investors to stay away from crypto investment.
These ICO/IEO mafia are still around with different names and partnering with some bad exchanges to scam the people. I think people are relatively wise now except for newbies who want to test the monkey water of IEO. Some of these former scammers resorted to opening exchanges with high incentives and still end up scamming traders and shutting down. These days I do more of trading.
Because those projects are useless and no products after a long time of operation. I have seen great projects created in 2018, but until now those projects are dead because they cannot have products and update projects. Be careful when choosing altcoins to invest because more than 90% of altcoins in this market are bullshit
i strongly believed that investors and marketers are expected to research and know more about a project before investing. go through the whitepaper, check the team and make sure they are qualified for the task, follow up and make sure their is weekly updates especially on the social media platform.
i guarantee you that if can follow up altcoin project with all these procedures, there is a high percent chance that you can be able to fish out scam project and authentic ones. it has nothing to do with the ethereum platform. the crypto ecosystem is a decentralized platform for all to join. Both Good and bad. it is your choice as an investor to do your research well before investing.
i guarantee you that if can follow up altcoin project with all these procedures, there is a high percent chance that you can be able to fish out scam project and authentic ones. it has nothing to do with the ethereum platform. the crypto ecosystem is a decentralized platform for all to join. Both Good and bad. it is your choice as an investor to do your research well before investing.
Because most of them was something like Ponzi schemes, inventors launched shitcoins only for making profit.
if altcoin doesn't think about investors and the community will obviously die, many projects will be left by investors, so you can find it safe, by investing or buying coins that already have a strong team and strong fundamentals
That's right, all altcoin projects obviously always think about investors and their communities, because those two things are the basic foundations that really need to be strengthened by the project, so naturally the project must look after them very well.
if altcoin doesn't think about investors and the community will obviously die, many projects will be left by investors, so you can find it safe, by investing or buying coins that already have a strong team and strong fundamentals
Yes, I do agree and you got a point right there OP, because legit projects cannot launch their platform due to not having enough funds because of these scam projects who just want to suck people's money hence they will not proceed. However, there are other coins/tokens that are listed but being dead in few months because of the same reason: exit scam, not enough funds - bear market, meaning the value of ETH/BTC that they raised were devalued.
When one altcoin project created, the team will have a purpose on what they want to do with the altcoins. People will look if that altcoin can give benefits in the short term or long term so that they will buy the coins, and if they think that the coin can provide more benefits in the long run, they will hold that coins in a long time. If people think that the coin is not worth to buy and hold, then they will leave the coin, and they will not try to buy the coin because people cannot get the benefits from the coin. So that is normal if we see one or two coins finally are dead without a chance to survive, and the team is not supported anymore to the project.
making new altcoins is not that easy because you as a CEO may have to make good projects and have high demand and can even ease an existing problem so that it will be needed by many people and you can create new projects and you develop into new altcoin, if you only make altcoin projects without thinking too much like that might just be shitcoin. 1. Lack of real use cases
2. Lack of seriousness of the teams
3. Ignoring the advise from members e.g telling team not to list on bad exchanges they know nothing off and refuse to follow advice
4. Some teams aren't just professionals as they claimed to be
Let me add another thing, 2. Lack of seriousness of the teams
3. Ignoring the advise from members e.g telling team not to list on bad exchanges they know nothing off and refuse to follow advice
4. Some teams aren't just professionals as they claimed to be
5. They are just literally made for pumping and dumping.
Some altcoins suddenly seems so dead after the moment they become enlisted in a particular exchange. It's like that after months of hyping for the price to soar high and make it become well known, whales and bounty hunters will dump their coins and never buy again. It's sad to know but this is what I noticed in the new ICOs nowadays. So here's my advice, much safer if you will now stop looking for the next "promising" coin. Just stick with bitcoin or if you really love alts then at least choose the good old ones to avoid greater risks of losing money
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ICO projects are still not regulated by the states even organizationally, and therefore attract many scammers, especially since the process of raising funds in the ICO format can occur almost anonymously. Therefore, it is logical that there are many abuses. However, this will pass and over time, only the demanded types of cryptocurrencies will remain on the cryptocurrency market. In the meantime, we need to carefully choose the objects for investment.
1. Lack of real use cases
2. Lack of seriousness of the teams
3. Ignoring the advise from members e.g telling team not to list on bad exchanges they know nothing off and refuse to follow advice
4. Some teams aren't just professionals as they claimed to be
2. Lack of seriousness of the teams
3. Ignoring the advise from members e.g telling team not to list on bad exchanges they know nothing off and refuse to follow advice
4. Some teams aren't just professionals as they claimed to be
Because, many projects were originally created for the purpose of profit, through the sale of coins on exchanges, to some others, they were simply not lucky with a team that broke up due to various factors.
To develop any good coin, you need a very strong development team, and there are very few of them.
They are profit-oriented by scamming the investors. They have no clue about what will be created by them all. It looks like that people must understand about that. The majority of scammers are using various reasons to avoid the accusation. To determine how strong the team is not an easy task.To develop any good coin, you need a very strong development team, and there are very few of them.
When one altcoin project created, the team will have a purpose on what they want to do with the altcoins. People will look if that altcoin can give benefits in the short term or long term so that they will buy the coins, and if they think that the coin can provide more benefits in the long run, they will hold that coins in a long time. If people think that the coin is not worth to buy and hold, then they will leave the coin, and they will not try to buy the coin because people cannot get the benefits from the coin. So that is normal if we see one or two coins finally are dead without a chance to survive, and the team is not supported anymore to the project.
All the altcoin which were created only for the speculative reason, will definitely become dead or worthless over the time. I mean to say, an altcoin should be created with the purpose like some real life application. Without that, any coin will definitely cannot sustain.
Token is something different which is like acting as a stock market for a project . Similarly altcoins also can act like a stock market but the corresponding project must be having real life application so that it can grow in value. If devs are looking for making money by selling the coin then that altcoin will end up becoming worthless.
Token is something different which is like acting as a stock market for a project . Similarly altcoins also can act like a stock market but the corresponding project must be having real life application so that it can grow in value. If devs are looking for making money by selling the coin then that altcoin will end up becoming worthless.
Well... not all of the altcoins were created for the purpose of speculative investment. There were coins such as TRX and NEO, which were created for niche fields. But these coins have also failed to take off. For example, TRX was intended for the online file sharing market. But hardly anyone is using it for that purpose. The problem is that many of these coins were over-hyped and due to that the promoters ignored the basic aspects.
All the altcoin which were created only for the speculative reason, will definitely become dead or worthless over the time. I mean to say, an altcoin should be created with the purpose like some real life application. Without that, any coin will definitely cannot sustain.
Token is something different which is like acting as a stock market for a project . Similarly altcoins also can act like a stock market but the corresponding project must be having real life application so that it can grow in value. If devs are looking for making money by selling the coin then that altcoin will end up becoming worthless.
Some devs are creating altcoin just for money, and the projects are just turning into shit after the crowdfunding, they only want to get the money that investors will be investing in, that's why a lot of projects and the same time with the coin are being worthless and dead. There are still decent Devs there are actually creating a good plan and actually trying to make it work, It's just hard these days to specify which project will have a good outcome or which projects just want a quick way to get millions of dollars by scamming. Token is something different which is like acting as a stock market for a project . Similarly altcoins also can act like a stock market but the corresponding project must be having real life application so that it can grow in value. If devs are looking for making money by selling the coin then that altcoin will end up becoming worthless.
Because, many projects were originally created for the purpose of profit, through the sale of coins on exchanges, to some others, they were simply not lucky with a team that broke up due to various factors.
To develop any good coin, you need a very strong development team, and there are very few of them.
They are profit-oriented by scamming the investors. They have no clue about what will be created by them all. It looks like that people must understand about that. The majority of scammers are using various reasons to avoid the accusation. To determine how strong the team is not an easy task. To develop any good coin, you need a very strong development team, and there are very few of them.
Because, many projects were originally created for the purpose of profit, through the sale of coins on exchanges, to some others, they were simply not lucky with a team that broke up due to various factors.
To develop any good coin, you need a very strong development team, and there are very few of them.
I don't think that its about the money, yes there are some projects that only care for the profits that they can get but I think they are also doing their part to make that project successful. Maybe I can say that the situation as of mow is not that easy because if we look at the market and the price of dominant crpyto which is bitcoin, it is really not on the good value but it is somehow recovering as of now. The point is that even if we cannot get a lot of profit in a particular campaign. Just think of it as a support to that project because we are a community that needs to support each other. To develop any good coin, you need a very strong development team, and there are very few of them.
Because, many projects were originally created for the purpose of profit, through the sale of coins on exchanges, to some others, they were simply not lucky with a team that broke up due to various factors.
To develop any good coin, you need a very strong development team, and there are very few of them.
To develop any good coin, you need a very strong development team, and there are very few of them.
Everyone who invested are profit oriented so that says they are into profit why they run the project through crowd funding, however, there are two types of project, the legit and the scam ones, and we know that scammers does not have future plan on the project, all they want is to take the money from the investors and then abandon the project any time, and because of the lack of regulation int he crypto space, they are not afraid doing their scammy activities.
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