Bitcoin Forum

in one month can almost simultaneously launching two coin, what do you think with these symptoms?

Lots of shit coins are launching almost everyday just to scam bitcoin users and run away. It has been easy for same scam developer to launch new coin every next week/month and easily index them on exchanger paying small fee, dump his whole holding in first day of listing on exchanger.

Also there are lots of scam coins that used to run away with all ICO funds they collect.

Where were you a year or two ago?

Back then at least one coin launched every day and there were times when like 5+ different coins were launched in a single day.

Its a challenging phase of crypto and every user and trying to look for the next big coin to invest thus the reason why dev team are creating more, either to scam or develop a good coin.

Platforms are now established, so teams tale advantage of it.

it turns out that there is a plan behind all that is hidden, but in my opinion not all like that, certainly among the poor was certainly no right or serious coin to be launched

Incorrect sentences, but at a day scale and it can be appearing over two new ico.
If you are wanna looking about it at the ann section and you will find the truth. That's being the easiest way to gaining an instant money just selling a free token.  ;)

Ya it is true that from last 2 or 3 years lot of new coins are coming in the market last year it was trend of giving AIRDROPS and then after when get listed they start pump and the dump all coins and run away and this year full of ICO shits happening with Signature Campaign giving free coins and bitcoins for that all users are advertising about the coins as legit and when the ICO finishes they run away and then shout scam scam.

Success, good output, greeds, sure profit and earnings, want to experienced how far bitcoin reached is etc.

Some of the common reasons I saw based on my own preferences. Sometimes it's obvious that a newly launched coin will turned into shit one if there is something that prioritizes the possible earnings that investors can get rather than the technology behind that coin. There are even cryptos today promising a good returns in the near future if investors will put money there. Thinking they can surpass bitcoin, it's easy to attract new users to invest in that particular ICO since majority here is eyeing for the "profit".

On few bad alts for sure some good one come! 👍🏼

I think they are making new coins just to promote and earn. it is just like investment site or ponzi site so  dont trust those new altcoin better to stay in well know or altcoin in the rankings.. because its risky to invest for those shitcoin 8/10 that you can found in the market..
For me i am just staying in top 20 altcoin that i think it safe..

The crypto currency is evolving new coins with great innovation and features are coming out,some of them are niche targeted or specific to one industry,but that does not mean that we should support  every coins that are coming up,we need to discern if these coins are worthy of our support or not,we need a list or guide on what to look on a coin.

I can make your life and then job much easier for you, when you see new algo+ totally anon+ most secured+ the future of crypto+ POS(a,b,c,d,e,f,g,h)+ by people for the people the ONE and ONLY FIRST of it's KIND, nah let me make it even more easy than already did.

Never and ever under any circumstances invest, buy in ICO or try to download wallet and even starting mining or staking process for 99.999% entire altcoin section.

it seems like a good person in groups with coin coin bad as people say good people is their messenger

Actually this is nothing new. In the last year I have seen dozens of new coins appear, but without much publicity and that is why most of them remain in the shadows forever but well, many smart guys with sufficient free time have discovered that it can also be a profitable business and an easy way to get fresh capital.

maybe that coin have the same devs and coin 1 is almost died and the devs is announcing the new coin 2, so the coin emerging two coin 1 and 2 into one part and beside that the devs don't want coin 1 become dust. but its only in my minds and i don't really sure about this.

the way i see it having too many altcoins is a good thing for bitcoin as some coins are made for specific transaction like games, medical marijuana, bringing great minds together (icobid) and some to getaway with peoples bitcoins  :P in the process of all this clearing bitcoin of the bad names its been receiving

It's a sad time for Bitcoin when there are so many absurd coins being released, something completely new and different would be welcome but not rubbish replicas.

Because it's profitable.. that's why.
unfortunatelly, people invest money in any sh*tcoin being launched.

one example
https://coinmarketcap.com/currencies/e-dinar-coin/

one of the worse coins i've ever seen, still in top20 coins...

It could only mean crypto currency is very active and hot market,there's a lot of money to be made from investors and developers perspective,although there are to many scam and shitcoins coming up,the industry must moderate these coins to minimize lost.

There's a lot of emerging new coin, they discovered for the best or for the worst. They emerge for scam our bitcoin. We must be careful on what we are doing, think twice or thrice before we enter. Must be legit coin and convertible to bitcoin to prevent from scammers.

there are so many altcoin that keep on coming out now, the reason is most of them want to try to beat or at least can be bitcoin sidekick, but the point is there are no user interested on the coin and once it is not famous the coin developer will abandon the coin and create a new coin, and some of them created the coin so it can be used to scammed investors

The reason why there are so many new coins is that the best way to actually develop a project, is to release a project bound to a coin in order to get founds to pay for the development. Usually we call this a start-up and it calls for external funding using CFC or IPO to get the required funds, and then if they are able to realise the project then the company is bought by some big company, and then they continiue to develop further the project.
Now in the cryptocoin world, it differs, when you create a coin, you must organise the distribution of it, release some beta for the potencial investors to test the product, and then you list in an exchange with a premade ICO or PRE-ICO if you need funds to get listed or to host the project. And then, when they are listed, most of the coins get dumped because of the premine sale, this is normal because the developers must rise funds for the development, and here is the difference, either they leave the project wich turns to a scam, or, they continiue and then the price slowly rises again depending on their activity.

Two coins in one month,I'm seeing one coin daily being launch,crypto currency right now is a very hot market to explore,those admin and devs are so attracted to huge profit that they incorporated their business to creating a new token or coin.

You should filter them by at least two kind of coins :
1- Shit coin
2- Non shit-coin

A shit coin is made to be dumped in the exchanges, usually they just copy/past a premade announcement and then leave the project, they use to release a pool, a block explorer, and some other useless details for their new coin, and then, if an exchange accepts to list them, they simply dump it to 1sat.
a Non shit-coin, is a coin made with a project, you can't be sure about if it is a scam or not, but at least it is not a shit coin as there is a project behinde, even if it is a fake one, it may be takenover by some devs.

so they make a new coin just to take advantage solely for their future memi9kirkan no longer want to be what it once ico ended coin, the only advantage of the investor, they are looking for
but I'm sure not going to like it emua coin there must be seriousness in launching a new coin

Let me tell why there is a lack in seriousness when it comes to a coin release, it is mainly because the "investors" want to get in and sell back at the highest price as soon as the coin is listed, it is because of the ICO bonus, it can be computed easily : buy at 1000 sat with 30% bonus, lets say you invest 100k sat, so you get 130 coins, ones it is listed you sell at 100k sat each, you get 16900000 sat, this is why there are so much scam.

they constantly make new coin just to scam people some dev have a team that pump the ico so you buy in their pump and then they dump and you remain a bagholder, just look at every icon, the price it's not greater than the initial offering

I cannot keep up the number if take it by weeks,almost one coin is being launch daily,i don't know if this is good or bad for crypto currency but I'm surprise that many investors keeps investing on every ICO that's been launch ,

Becouse ICO brngs EASY as fuck money and SCAMs.
People don't research they just want now best buy/sell opportunity.
That will end with massive lose in many of those ICOs,
Only best will win but dont worry this is capitalism fish at end eat all small

Profitable? are you joking? a few individuals try to scam and steal people's money is not what we call profit.
You think being in marketcap top 20 list means anything?
Bitcoin for example has 12B marketcap but it doesn't necessarily mean that every single bitcoin can be sold to even reach 12B.
I doubt that even top 5 coins could be considered a thing except the king of course.

it is all about pump and dumps and only those who get in early before the pump happens can make profit and those people are the minority, the rest are only losing money and sometimes lots of money when they are new to trading. all these market caps and other lists are for helping the pumps for those pumpers.

This is the main reason and answer regarding on your question on why there are many lots of alts is being launched or pop out every time and that motive or plans is just for scamming people. Back on previous years on which launching a coin would really be hard and it takes time but in the point on where newly launched coins are being used to scam people thats why most scammers do repeat the same thing too.

Dont understand your question but ill try to answer

I think the main problem with all of this is that the coin market will be oversaturated

People wont know what pick

Everyone wans to take their own cut of the cake, most of these new coins are not interested in their own project but to collect your BTC. 90% of these coins have no need for existing.