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.
Topic: Why most of ALTCOINS are dead or worthless? - page 8. (Read 2190 times)
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.
Yes we experienced this era and people moved on. Most investors were scared from investing again. while some diverted from crypto investors. currently, we are having issues with quality Projects that have long term futures. Most current projects in the markets are all short term. Investors are scared of putting their money bceause they are scared of people dumping the token on them.
I believe this is as a result of what the earlier activities of scammers in the crypto Market created. the fear of investing in the crypto market is still there because of what the early scammers did.
I believe this is as a result of what the earlier activities of scammers in the crypto Market created. the fear of investing in the crypto market is still there because of what the early scammers did.
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.
Because ico is easy to deceive funds, and the benefits are realized in advance, the development team naturally has no confidence to continue development. It is easier to write a white paper for a project.
i think it because of too many old project that abandonned by the developers and their team. so the coin become a dead coin.
also, to many scam coins and FUD in some altcoins that make some investors won't buy the coins and the holders sell their coins.
also, to many scam coins and FUD in some altcoins that make some investors won't buy the coins and the holders sell their coins.
For my point of perspective most coins cant survive becuase they dont have any development. After collecting huge amount of money they slowly abandoned the project it self. Leaving the project into a another dead projexts.
Yes some coins are created to fail right from the beginning while they can be very hard to spot I advice we go for popular coins instead, altcoins are very risky and you could lose your invested money unlike bitcoin that will recover even if it deep dive into the ocean
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.
Some coins are created to be worthless from the start, they are created by scammers and some coins are created with the hope of getting it mainstream but unfortunately, the competition is eating them up and the devs although with no intention to scam investors have no choice but to leave the project, this is the sad state many altcoins are suffering now.
Developer not care with his coin after listing on exchange market, just prepare for listing on exchange and then never serious what happen with their coin on higher or lower price, maybe after getting much profit by selling their coin allocation then they have plan for make new coin again and looks not have quality time for other coin before.
There are altcoins that are not patronizing by investors because of the common traits and features. Most of the investors are patronizing altcoins that have good and unique characteristics. I do not buy altcoins that are not popular because it only means that the traded value is very low. The altcoins are mostly dying because of the low support from the community, if we will buy altcoins we should make sure that it has high volume and the liquidity is also high.
Simple.
Because most of cryptocurrency who already created more than 2000 up to 70% of them its a ICO TOKEN, the reason why most of them become a shittoken & deadtoken the supply was to over cause the ICO Sale Phase without making his own volume first. Its really diferent with coins went the supply was really can be control because the circualtion need to be mined first.
That does not cause it but the majority of the icos were created for scamming purpose. They have already made by incompetence developer without any skill to develop the altcoin.Because most of cryptocurrency who already created more than 2000 up to 70% of them its a ICO TOKEN, the reason why most of them become a shittoken & deadtoken the supply was to over cause the ICO Sale Phase without making his own volume first. Its really diferent with coins went the supply was really can be control because the circualtion need to be mined first.
That is a big problem when the tokenization is not having a standard for whom can issue the token.
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 do not really agree with your second paragraph, if that was really a flaw most platforms today won't be existing, most projects which moved to their own blockchain might have faced unwarranted issues. Ethereum blockchain really made launching a project easy but it was us that gave those projects the power; while we helped most projects to stand through investing etc at the same time most made away with our funds. Also, there is no doubt there are many useless coins around but we shouldn't forget there are good ones too and therefore in order to stop the growth of these worthless coins it's neccessary to focus on those with real use case etc. Let's always study every project to be sure before investing.
In my opinion, most of crypto projects don't have a special product plus the lack of budget, we only see the same concepts/ideas/strategies in these cryptocurrencies that's why they are shitty and worthless and even widespread in the entire market. Futhermore, I never bought any amount of these altcoins to be honest, and I never believed their fake characteristics, I only trust Bitcoin and other few crypto like Ethereum, Bitcoin cash..ect.
Most alts are down due to dominating down trend from many months and for the same reason and to cut losses most alt holders flipped their alt holdings to btc and eth to reduce risk which resulted in even more dump in newer coins, looks like market is improving now and hopefully all good coins will start to regain value soon.
Investors are majorly the victims. The space is full of many who won't stand up to take responsibilities when the ugly days come. You see, this is the major problem you will find in no man land, because of no policy and repercussion for defaulting. While the technology of decentralization is great, I do think that for Altcoins to be worthwhile, there need to be a regulating body to monitor and curb excesses. 90% of projects, exchanges, marketers, people in the cryptospace are scams with selfish interest.
Not following up with the promises is probably the biggest reason why altcoins have hard time improving. Look at BNB for example, they are a great example of a coin that gains value over time because Binance keeps working on it and finds ways to improve it, look at all the dead ones and you will see that the price goes down and doesn't reflect what the community expects them to do.
This means if a coin is funded and created and even maybe listed somewhere suddenly stops being improved or worked on, the people who come in will be less than people who leave that coin, which would result with price going down over time. Keep working on your coin and even if you are not a favored one, you will eventually gain supporters that will help you gain interest with time.
This means if a coin is funded and created and even maybe listed somewhere suddenly stops being improved or worked on, the people who come in will be less than people who leave that coin, which would result with price going down over time. Keep working on your coin and even if you are not a favored one, you will eventually gain supporters that will help you gain interest with time.
Almost 5100 and above altcoins listed in coinmarketcap, but I think only 100 altcoins are genius projects, and others are launched to make money to start their plans, so nowadays investors not investing any more in new projects, and that is the reason original altcoins price is dead and no worth.
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.
To start with, Ethereum blockchain isn't to be blamed at least it contributed it own quota towards the development of many good projects. However, it can't be argued that Ethereum blockchain made it possible for most useless coins to be developed which ends up scamming investors. The fact is, this trend of creating useless coins be it on Ethereum blockchain or otherwise will continue until most people stops buying into their ideas. In addition, the main reason why most altcoins are worthless is the fact they have nothing to offer.
Lastly, it is right for every investor to be aware and Informed of the type of coin they want to invest in so as not to blame anyone afterwards.
Though you are right but sometimes a well-researched project can deceive you too. I think people stopped loving with the shitcoin. Because they get to know that shitcoin sometimes give you good profit but most of the time they scam its investors. Therefore a good project without continue use cases won't last long and they become shit as usual.
Yes, sometimes what we have researched can also be deceiving in the future, but at least we have understood and know the concepts that are played by the project team, so researching all projects before following them will not be in vain either, because of that I think that is really needed by every person. Jump to: