Bitcoin Forum

You guys are just diluting the market by investing in shitcoins ( making small groups of people crypto rich) when we should be focused on growing the real crypto's like eth, etc, ltc, nem dash, xmr. Stop buying the ICO hype and start getting back in to the real coins.

You are perfectly right. But I would insist that there are some more "real" coins than those you mentioned.

Yes there are more real coins but hopefully ppl get the point

ICO's are only hyped because a small group knows what they're doing, they have large sums of money available and are profiting big time.
Everyone's hoping for that next Ethereum-like coin that will go times how much hundreds in a span of weeks or months. Whilst the chance that this happens is slim, also I think most ICO's are immature company's who just see this as the most viable way to either get started or raise enough to never get started at all. There's little demand for actually using these coins and a big supply of ICO's selling their crap. I was thinking about going huge into ICO as opposed to the regular trading most people do but I'm already put off by the immense amounts being raised.

ICO's can be extremely profitable but most likely you will just lose money. I think people get bought into the idea of a company whilst not realizing that it takes a lot to build a succesfull company and they should expect a lot of businesses to fail.

But in some of the coins entering the market I find myself some whose projects give hope to a large income and a good investment for the future, so not all are shit.

Yes. But pumping and dumping is so profitable  ;D

I totally agree on topic that when people invest in altcoins more money will be spread amongst shitcoins and the good coins are not gaining their true value, there are some good coins that have potential of a bright future so yes lets put money on those projects so they can opens doors to other projects, if all these icos are coming and people spend their money on them the money will be spread and the good coins will not be recognized.
I totally agree on the fact that not all altcoins are shit, there are coins that have an amazing team and community behind them, surely a good community is a good advantage for the altcoin.

I agree. We should stop all this freedom and centralize the way things are done in the crypto world. Set rules and tell people what to do, which projects to invest in, depending on a fixed portfolio of the best coins. Then we can all profit together.

I agree also to stop buying into the ICO hype. I mean look at ETH, what a success it has become without the ICO hype. Oh... wait...

Only idiot person just try to buy those scam coins and give their money to the greedy developer with unknown identity. the fact there is a lot of people gets dumped by the ebtc developers.

Nobody said anything about stopping freedom and centralizing, wtf are you smoking bud?

Does anyone know how many new coins survive? All of them can’t survive.

The real question is can people even remember all of them and which ones were good in the long run ^^

Agreed, many investors are too focusing on gambling away their money and ignore red flags, e.g. the management gets rich no matter what happens to the underlying business due to large pre-mine or they don't consider competition from other crypto tokens in the same business or the investors simply don't care what the business does because of Fear or Missing Out (FOMO).  

I feel crypto investors should invest more effort on building out the crypto ecosystem / network and grow consumer and business adoption and create legitimate use cases for crypto, not only invest in them as tokens for long shot gambling.  

I also want them to buy and give some attention to WAVES, the waves price is falling down. Also remember that bitcoin is pumping and many alts have been traded with BTC for the upcoming fork. There are also good coins that are emerging which also deserves an attention and hype.

You're signature is DeepOnion Coin which is named by some reputable members that coin is a shitcoin and a scamcoin , they also provided a proof about it, haven't you read that thread?. Do not waste your time to that coin, and start focusing on the REAL ONE which has A REAL MONEY FLOWING IN.

I think you should remove that your biase google, for every ten startup one will succeed in my opinion, so from your list only one project will succeed, so we should focus on them and prevent other innovation, remember what happen to Yahoo, it was the big giant in the market then, and Google has left them behind. Been the first doesn't make you the best

Well tbh, imo i can say every coins starts as shitcoins because as we can see there. Most of the ICOs are plainly just idea and futuristic plan.

Same towards the coins you listed like ETH

I Would say its good to invest in shitcoins. Why? If you never invest in shit, you wouldn't learn. Despite there's 10 people giving advice on never join MLM. You wouldn't know why until you join.

So its a good thing there, people learn, people grown up, community become better

Well as they all say, to each his own. We can't dictate what others want to buy. But we should encourage them to learn more about the coins they are buying so at least they would know the value of those coins and eventually can determine which is a shitcoin or not.

I think it wont stop until something bad happens. There has to be a massive culling of shit coins before people realise its waste of money to invest into them.

Most ICOs are scam and they giving out shitcoins but a few of them are real gems with a company, a plan, a whitpaper and the chance to become a gamechanger in the future. If no one would give new companies a chance, there would be far less development in the scene. Image no one would have bought google stocks because there were already other search machines in the 90s, or amazon or (back in the 80s) Microsoft. They all started in a garage or small office and they are giants now. There have to be ICOs but not that much and as I said, more than 90% of them are real scam. It's our job to find the good ones.

I think it is a personal choice for buyers, but I totally agreed with OP these shit coins are making the bad impact on good altcoins like Eth, LTC, etc.

The problem is the good ICOs cant get passed all the shit being shoveled today,
and 99% of investors cant even read the whitepaper or conclude is it a good one or pure marketing shit with nice design and shiny colors.
...

I don't think lot of people invest into icos. Investing icos is hard task for most of the bitcoin investors. You need to know lot more technicak details/aspects. I think ico hype is just already dead and we are having normal (not pumped) investments.

Generalizing all ICOs as a scam is poor thinking. There are some that have a good agenda in mind and have put in work to develop their platforms. If no one believes in a startup, then where will we all be in future. You just have to do your due diligence before investing in ICOs. Apart from that, many of them are just pure scum.

everybody wants to issue there own token for their own project. Now it´s up to the market to mature and adjust when this projects reach real use cases. Then we will see if we want to see Dex where we can swap between tokens almost instantly or if we will prefer to use a service that uses one of the strong cryptos, whatever that strong crypto is in the future.

I also did something stupid like that, trying to buy lots of new coins to trade and what I got was a nightmare. i'm losing most of the coins I have.

But few shit coin in your opinion have reality potential to invest, its looks good and solid to spend money for them

Aren't those all shit coins? In the end 90% of all crypto currencies are pure pump & dump in my opinion.

But you are right. For example all this new e scam coins are totally shit and i can not really understand why those coins gain some millions of marketcap.

It's simple. You can pump and damp this s..tcoin with 1 or 2 BTC as deposit. If there are 1bln tokens. You can sell 1 token to  somebody for 0,0001 BTC and capitalization will be ...? Yes you are in top 100  :)

It will be survival of the fittest as Darwin says. All the shitcoins will eventually disappear leaving the strong behind. Hopefully without a new wave of shitcoins!

Too many shitcoins already. Many have nice pump action now after the btc gold fork :)

There are another fork in November, and everything will be the same. S..tcoins will die

Definetly a dilution of the current market, still it's a growing market, hopefully people choose their "shitcoins" carefully, there's also a lot of potentially succesful projects out there don't know if current valuations and marketcaps are in line with their value, but still pontetially disrupting business in different industires

It's called free market and this is what we wanted when we talk about decentralization. I'm sorry but you're whining a bit. If you believe in decentralization and free markets, then just be patient and know that this young cryptomarket is still searching for the way to stability.

edit: forking existing coins instead of starting up your own, now thàt's what I would call destabilization.

I don't think so, the bitcoin ecosystem need his shitcoins to regulate the market. because if there's only  eth, etc, ltc, nem dash, xmr < it will be this coins considered as shitcoins, and the bitcoins is hired up by the pump and dump of the shitcoin, the benefice in shitcoins are reinvested in btc and that's why he pump to 5k( with the growing demand, more media are looking at the btc...) Some alt will die and some will reach the moon in 2018 i think there will be a kind of natural selection between scam and real innovating and usefull coins.
that's my opinion.