Bitcoin Forum

I am quite sure I am not the only one having this bad feeling of seeing new coins or tokens released on a daily basis.

The ICOs era is almost gone, and now some people are already promoting the relative new phenomenon of STOs just as they started with ICOs few years ago.

We don't need the random new tokens in the crypto market everyday. We already have cryptocurrencies far more than enough. If we continue to create tokens for everything, every product or every service category, it means we can have over 1,000,000 different coins or tokens by the year 2050. My question now is, who will bother purchasing another person's token when anyone can easily create his? Even with 100,000 tokens, it will be a dead end for cryptocurrency market. I am not even sure if Bitcoin itself could survive it.

The earlier we look for a way to regulate the market and halt the free release of tokens, the better for cryptocurrency's survival.

But the new ones are just as good, or better than the old ones.

Did you buy the wrong ones? Is your pump and dump failing?

Then am not sure you have been up to date about the condition of initial coin offering of late mate.
Due to the market collapse there have been reduced initial coin offering projects around.
And I don't think it should bother you that much if there are much ico project you can just ignore them

The crypto market will develop over time and coins / tokens from projects that offer advantages and have consistency in working on the project will last. It's all a choice for buyers to see and learn the coins / tokens they want to buy

I do not think we should be worrying about that. This market is like survival of the fittest, only the solid projects will survive whether they are old or new.  Preventing new coins that offers new tech to come out may also prevent the growth of this market.

If someone wish to launch a new crypto, we can't do anything. Ignorance can work, in that case, we need unity. We have a lot of crypto, that's true but we have lack in necessary crypto. There are a lot of thing to bring in the market. I welcome all the new project with good feature.

Yes, I think the same as you, but the good side is that crypto will grow widely in all categories. In the future, we see how they maintain their respective projects.
The bad ones will disappear from market, replaced by new ones.

i think it is a good thing. the altcoin market needs to be filled with shit until it overflows so that maybe that way people start realizing that what they have been buying has been "shitcoins" not actual cryptocurrencies that they promise to be.
and as soon as people realize that, they will stop giving their money to these shitcoins and that means it becomes unprofitable to create them anymore, so they naturally stop.

you see, until that point people are going to continue investing in ICOs, buy shitcoins,... and that gives the creators profit so they will continue.

don't worry my friend, from thousand of token released through an ICO or STO only a portion of it will survive for long term's so there's no problem i think if people made a new token everyday, it not like thoose token will be used by mass for a long time like BTC anyways.
new cryptocurrency mean's new money to add in market so i think it's a good thing because in the end all that token will be paired in BTC or other trusted ALTcoin and it will add to old coin volume.

Surely there will be many tokens in a few years, but only a handful of them will have a value. This development will certainly be over sometime and less token will come on the market, but until then much time will pass. Moreover, this will certainly not lead to the end of crypto, but you should be aware that not every token will survive.

Until there is a full verification and regulation of the ICO, many projects will be released. Remember HYIP, you will not be able to count how many of them already... The same thing happens with ICO

You say very correct things, nobody needs a million different types of currency currencies. Because in all this diversity it will be very difficult to understand, it is enough to have several dozen major currencies. With the help of which it will be possible to satisfy any needs of people.

According to whom?

Sure, we can millions of tokens in the market, question is, how many of those could actually have a real-wold use case? How many of those are actually innovative projects or have real world applications? I'd say 95% of those tokens will probably be either vaporware or money grabbing projects, and in time, they'll most likely dissapear.

People would rather choose between a well-known and well established crypto over a new one, plus why waste time and resources in creating your own crypto when therea plenty of options to choose from in the crypto space?

On a closer look it won't be that easy to stop the inflow of new Tokens into the ecosystem. New projects emerge everyday with promise of solving one or two problems or bringing decentralisation for a particular sphere of life. The thing there is left for people to choose wisely the ones to go for. When I look back to some ICOs I witnessed in 2017, most of them never made it beyond that year.

The problem that you are saying is actually taking place. On the one hand, there is a huge amount of unnecessary coins, in which no one can figure out completely, And on the other hand, all of us should have the right to do what we want and what we consider necessary to do, including release and create your own coins.

There are over 1000 ICO's upcoming... They have a schedule for ICO. Today we have over 2000 coins in the market. Soon we will be reached to 3k.

But I am not sure what we really need that! Well you tell me, do we?

Everything is being tokenised these days. You need to get in first in order to establish a foothold in the relevant industry. First one might not be the best but it will be the most popular. Just look at ethereum which is crap compared with EOS and NEO

The strongest will win. It's normal thing when initially we have a lot of different species and with time only few of them survive. The market is a perfect sandbox and the community is a great judge. Everything will turn out by itself naturally. I don't think we will have and USE thousands of different cryptos in future.

I see no problem with people creating new coins or launching new projects. If these coins or projects are worthless nobody will pay attention to them, it's that easy. On the other hand, there is no way to prevent people from creating new tokens or coins, and this is a good thing, anyone can create the coin or token he wishes, but not everybody can create something with value.

The bearish trend of the market and does everything to ensure that old projects which could be considered garbage disappeared. At the moment, many projects that conduct ICO are not so bad, in addition to some, but it is still dangerous to invest in ICO, since you will not get profit and it is quite possible to lose some money.

Time will come that each of these newly generated alts will consider merging with bitcoin.

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Meaning, they will be soon to be gone because of the markets need.

Of a truth I have the feeling that why most of the good coins fall is because of the number of icos projects that come out in 2018. A lot of tokens come out that one don't even know what there stand and we were having a lot of similarities.  Now that the icos is not much profitable I think we can come back from were we started from.

I would have liked it if the OP could just tell us whether he was a victim of a scam project. One of the things that make the crypto space what it is today, in terms of popularity, is the lunch of ICOs. Even if there are millions of ICOs, it is left for you to select which of them you would like to go for. Many times, we have so many ICOs, but not many of the,m succeed. No all of these projects are listed on exchange and may will not see them again.

The questions is, how many of the new ones are better than the old ones. It's really getting out of hand. The way shit projects hit the market is alarming.

In fact,I think that this problem will be solved in the future. If that's even a problem. We see a lot of successful projects on the market and a large number of other altcoins do not prevent them from developing. So while that doesn't bother anyone such an abundance of coins. After all good coins not so much.

Agree when you say that anyone can make their own tokens, they can make up to thousands or hundreds of tokens whatever he wants. However, you need to know to make these tokens having the price is the most difficult thing, if your token has a decentralized system and the price is determined by supply and demand then will everyone be interested in the tokens that you make? I guess it's a sure thing! You need to make an innovation from the tokens that you make so that it can attract many people. This concerns is indeed always approaching many people, especially people who don't know the concept of cryptocurrency, and I think only bitcoin will be able to survive and become one of the cryptocurrency that is widely used by many people.

I am agree, we can not stop people to creating new token or coin because ICOs still unregulated in many country. If the token or coin created dont have a good project and prospect in the future, market will not buying it. Investor is very smart people and will choose profitable project

this must be stopped immediately, because the number of new tokens that have no value is very disturbing to the electability of the crypto market. at least a few tokens with good exchange rates, and delay in advance for new token tokens.

Ignoring might not be a good answer to this problem, overflow coin may seems like a simple trouble but in a long term we can have big problem, the first one is the crypto reputation, nowadays people already know that 90% of the ICO are scam, with this reputation the good ICO will have difficulty to find investors and survive, the second is the diversify investment, if we are not focus on the certain coin then one day the strong coin will have small transactions volume that can caused the price to stop growing, I agree with OP that we should regulate the ICO production

You are right. Well every man’s creation even the apps not only algorythyms or any codes doesn’t have consistency. So this digital currency is prone also of development seeking the best out of it that’s why there are still newly produced project tokens everyday.

Only the strong will survive, must have good supply/ demand and powerful performance that can be use to increase users capital. Mad yes, that's natural for all of us but as trader/ investor we can't give up now. Long journey from success must be finish, just go and do your best.

Yep, making crypto is you create a company, create a community, make goals, and create trust. That doesn't look easy.

Don't be bother about the new released projects popping up everyday ,many won't survive the market condition and I believe that the new ones are here to solve what the old coins can't ,in the near future many of this coins and tokens won't exist anymore and only the strong ones will remains

Stop the release of new coins and tokens are not worth it, and we can not do that. Good and bad ICO projects will still appear for a long time. Useless tokens cryptocurrency market will be discarded and the cryptocurrency in general will develop further. In what form tokens will be further produced - ICO, STO, HOO or some other, time will tell. We do not need to hurry. In my opinion, a lot of coins and tokens in the cryptocurrency market does not happen.

Maybe last defense is on market. We know some big market already did it. They already make strict regulation for new tokens, so every tokens that listed in their market is really valuable, not pump and dump scheme tokens and it can be good for investors and traders.