Bitcoin Forum

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

I understand what you saying, coins with the same technology or even name, this is the reason why some altcoins like Ark are researching and working on new tools and functions that would benefiting the tech sector or without it news tools, functions, and research it would just fork after fork after fork with the same useless shh!t functions that we're seeing most altcoins nowadays

Do not see any problem in altcoins. use analysis as usual as everywhere.same name so what? that is why always people check smart contract. all properties which you describe have traditional actives too. all what we can do is to use analysis. online offline buisness does not matter.

I think Strong Project based Altcoins are not in big problem, they are increasing slowly and slowly like XRP and LTc which are almost doubble in few days .Actually shit coins will face problems which are in market for nothing.

Same name coin is the biggest problem for newbie. Newcomers are usually introduced by the name of a coin. They are not familiar with the contract address and do not see the contract address. As a result, when depositing in the market, it is deposited on another coin of the same name. As a result, he lost his asset.

Altcoins are not too problematic with names, although there are many of the same names there are many differences from smart contracts and blockchain

They were competing each other and this is happening since bitcoin were exist. the creation of litecoin and namecoin have been starting the competition of altcoins. There were so many new coins being released everyday caused by the money.
If you are seeing CMC and you can click on the recently added coins tab and you will see there are so many altcoins being issued everyday.
I guess it will be more than 10 in a month. There are bunch of shitcoins being released on daily basis with the purpose to be a scam coin.

It's not a new thing that majority of new altcoin projects are scam, we are fully aware of that, scam artists are doing what they can to steal and cheat investors that's why this space isn't for those who can't spend their first time in crypto space doing research and learning the difference between scam projects and real projects, altcoins aren't to be blame for this, wherever there is money to make scammers will be present

As a newbie, I can't blame you, the altcoins have a lot of issues and newbie needs to learn how to address these issues, I highly recommend that newbies concentrate on the top altcoins in the market and avoid experimental altcoins, until he fully understands the market and how to check id the latcoins are worth investing, some newbies have a hard time, even the simple thing of setting up fees and wallet.

New technologies create mistrust about whether they will be successful
The crypto world is like the internet of the 90s!
But why not take the risk of success?
This is what this game is about...

Altcoin projects are mostly scammers, without legality a project can be created whenever they want,
and that makes a lot of scammers in altcoin, of course it's a big problem for altcoins if this continues.

Nowadays, it is quite common to see homonymous projects with no definite use case, such projects are usually linked with scams. The feeling of doubtfulness is understandable, especially in the crypto market where there are identical projects with a similar crypto branding. Thus, fundamental research is suggested, it is necessary to make a general overview of the projects. Thankfully, there is a scam accusation section in the forum that may help you be aware of the projects you need to avoid.

You can buy a coin which is listed in coinmarketcap, and being confirmed from the original source. This may happen in sometimes if a person is new to crytpo. Only a few person still don't believe cryptocurrency but almost all people who know about crypto loves and trust Bitcoin, ethereum and top few coins. You can invest in top coins which are trusted.

Therefore, we need to carefully study each altcoin in which we want to invest because scammers do not sleep and they constantly create new altcoins so that people invest in these altcoins and then scammers simply disappear with all the money and in order not to get caught by scammers, we should always study each project from scratch, and it is best to invest only in proven top altcoins.

You are kind of right, it is actually difficult to trust most projects these days, when taking into account that they all have similar ideas, with just a twist in them, and these projects as well, hardly last long term, thus making the investors the losers and the developers the winners all the time, hence to be frank, one can hardly trust such case scenarios.
Nevertheless, there is a big reason why most coins are regarded as top coins or major coins, this is because to a great extent you can trust them, for example, let's keep Bitcoin aside, because it is highly trusted by everyone and focus on altcoins, looking at Ethereum, you will have every need and reason to trust it because the team are serious, taking a look also at BNB, you will also trust it because the team are serious too. Therefore, it means that, for a project to be trusted, the idea of the project must be unique and the team must also be serious, these two distinct things are found lacking in most new projects today hence the lack of trust. And just like you pointed out, until it is solved, majority of altcoins will find it hard growing.

Altcoins that are on top 40 are still good but beyond that, you have to be careful these are altcoins that are struggling to be in the market to create community, volume and liquidity, if the altcoin is two year old and he is not moving in his position, better think if it's worth investing in this kind of coin, it's a matter of time before it fade.

if it is observed that altcoins have a problem in the current situation,
because the price in the Bitcoin pair is still very cheap, if Bitcoin suddenly experiences a severe Dump,
then we will see Altcoins dumping in bottom.

Buddy, these are problems that surround centralized projects, which make up 90% of the market. They're not new problems, they're old ones since 2015 and made worse with ICOs in 2017. Stop paying attention to centralized projects. Stop buying and speculating these coins that give the owners the desired liquidity and market volume they need to say "hey my coin works".

Thing with many altcoins and their projects is they all have 'reincarnated' use cases that have failed before, and the project owners using them now only want to scam Investors, another thing also is that many of them are pump and dump coins, and aren't good for long term investment, as they can only give ROI when they pump (short term), tbh I only trust a few altcoins (like ethereum), users who invest in many altcoins are vulnerable to many losses.

Having said that, Bitcoin is very different from them, you at least can be sure your stash is never going to zero, even if it plunges, the value appreciates again after some time, btc is already on a bull run and if you're looking for crypto to invest in, choose it.

Yee this is the problem in the market and that is why the regulators want crypto market to work under their radar. I think once registration and licensing from the regulators become a prerequisite for new projects and teams to raise funds then fake and scam projects will definitely stop.

It's true that most crypto projects are baseless, some are copycats, most are scam since most developers just have the sole aim of making money and do not care about developing the project. There are no governing rules restricting developers from copying already existing concepts without modification, or using same project name, just to mention. This is because crypto is not legal in most parts of the world, but this doesn't mean adoption has not been going on over time, it has. We all are aware of these shortcomings but yet we invest because we are optimistic that someday things will be much more better, with reasonable regulations to curb these drawbacks.

That's easy to solve only invest or support altcoins with potential unless you are a big-time investor you should only pick altcoins that are on the top 10 Bitcoin dominance is very huge, that there are few altcoins will have support in terms of price and liquidity.

You can have similar names but it won't work in the long run. Like BCH used to be BCC, like the infamous bitconnect and had to change even though bitconnect was a scam.

If you steal a name from other project you will never have a chance to succeed. The market will verify and label you accordingly.

As for the lack of global community, many projects have something like that. The worse shitcoin you choose to invest in the smaller the community will be, it's normal.

i get what do you mean by that. it's really no legal matter about which coins should be made or what coins should be made since anyone can make their own coin the only matter is the project itself whether it is useful or no.

True and correct, but We can also get a lot of profit in altcoins where We can't deny that. Although, even there is risk in investing
in cryptocurrency via ICO, IEO, Trading still there is also truth where there is risk there is also a good profit waiting for us
in the end for sure.

These things will settle with time as the market and the community here matures and they start understanding and identifying about real projects and avoiding fake projects or if ever there could be some regulatory agency like UN that gives licenses to teams to raise funds, I am just suggesting this because we need real global solutions and not just from one country.

There really is such a problem. Unfortunately, such factors hinder the development of the crypto industry and alienate investors. On the other hand, the crypto market is still too young to have established rules around the world. I would say that the crypto industry is a big startup that is going through a development and formation stage at the moment. Based on this, we can conclude that the entire industry may experience a number of problems until official recognition occurs.

It is clear and I agree that do not believe too much on the surface but we must also look at the whole because the possibility of doing things that are not praiseworthy will always be done by unkind people. we may believe but we also have to remain vigilant because things like this have become things that are very used to be done.
because if we invest in something and we believe that this is the best and very acceptable.

During bitcoin and altcoin still illegal as payment transaction I think will be not have altcoin legal, how come you wanna invest with legal coin. Almost altcoin on the exchange market is illegal by any countries just you can invest only without could be purchase as transaction payment. Better to know with fake or real project by looking which one exchange listed, who is developer and how most experience with team and developer for your coin investing, I know with amateur developer will give bad impact for altcoin price and keep lower without any interested from investor to buy coin.

The scams and frauds are a problem for all kinds of markets and they are here from ancient times but  i agree with the fact that crypto market has to see a lot more scams or fake projects than other markets, I have fallen to many of these crypto scams as well in the past but now i like to stay in top alts only to avoid risks of scam.

Who said confidence in the crypto market wouldn't increase? Haven't you done any research on increasing confidence in the crypto market every year? if not, I suggest you to make it so you can know more about increasing trust in the crypto market, and one more thing in crypto, everyone is required to be observant in understanding every project that is born and being able to take advantage of every new opportunity so that you will not be easily fooled by crypto scammers.

thats not a big issue my friend because now peoples are smarter than before,
wich mean they will drop their money only to solid and reliable altcoins project buddy, then the fake alt will die slowly but surely

Right now as of today, there are coins that made over 10% just today, let alone coins that made 10%+ in a week. If you want list of coins that made more than 10% in a week they are XRP, Waves, Litecoin, susi, cardano, stellar, yfi , etc and many more like these and the coins I listed here are very high level top coins as well. If you want coins that made 10% just today, it is once again XRP and status and aragon and nano which are all top 100 coins (with xrp at 4th).

As you can see altcoins are not in trouble, they do not have a problem, altcoins are doing amazing right now, it is the investors who think altcoins will go down that are in trouble, we do not have any problems with altcoins themselves. You have to just pick them correctly in order to make a good profit.

I think you have missed out the point in crypto currency is very vital, and also you missed out on the purpose of decentralization. Decentralization is freedom to do everything on the blockchain rightly and without any interference. So for decentralization to work; it is just normal to have several crypto currency projects.

What matters and that solves this big problem; is for the investors, traders, enthusiasts to ensure that due diligence are followed (concrete researches) before any form of investments.

I think it's too easy to make projects nowadays, so there are too many projects that have sprung up but ended up scams.
Since there are too many coins right now for no apparent purpose, I agree that this is a big problem. Therefore, always do
research for the coins we are going to buy, because most of the coins circulating today don't have good potential.

After some years of existence, investors are now wiser and not just throwing money without proper knowledge.

We all see how this market evolved and now many developers are making sure that they are really offering good usable projects where investors start to follow and assess if it's worht investing. It's no longer by luck but by doing hard research and follow how the community
are working alongside with the team.

Very easy to make new project and listed on Uniswap will give more positive credit for investor to buy coin because many investor looking for with many new coin listing on Uniswap, you can track with how many investors loss their money after buying new coin on uniswap because they left by developer and price down. I think when creating new coin or project we must have creative ideas how to promote and make many investor wanna buy more. Right now many unique ideas for creating new coin and give higher bonus offer for the investor buy at the first time release with more than 20% until 40% bonus depend with how much do you wanna purchase your coin to buy. But after success when selling coin you must ready for when coin listed on exchange market.

Cryptocurrency has a huge global community and it is constantly growing. Also, altcoins every year more and more are eliminated and only those who really have, albeit in the future, but a working product remain. But of course it is worth working in this direction for a long time.

There are many reasons why Altcoin is very problematic. If you see that Bitcoin is now up to 18000 কিন্তু but there are many good coins that have not pumped in any way yet. The reason is that I think the owner of this project is silent about his own profit. He doesn't have any more headaches, so I think if you pump the coin then you will get a lot of profit.

I do agree with your premise that it is practically almost impossible to see a good project, and I mean a good one. During the past years you have seen many kinds of projects and coins and tokens that were made, some with noble ideas and some with shitty ideas as well like creating shitcoins and such. Also you had encountered tons of casino's and lending platforms and mining projects that it is difficult to choose which one can give you the best value for your money. You will understand why the same coins and tokens were still the same coins and tokens at the top 50 slots and why no new coins or token went up to the top.  You have to be very attentive and curious to know if the project has value or if it is another failed project in the long run.

I only chose old Altcoin as my investment because already have good development such as ETH, BNB, WAVES.  I have bought new born Altcoin like Youc and some others but as you said new Altcoin are like looking for gold in the river, 100 newborn Altcoin only 7 have positive returns others are just dead project.

its not going to be a big problem, it happened many times where two projects have same Ticker. but this will be solve by its logos. investors of crypto i think are also going to have to be smart to identify which project exactly they are going to invest in.

the fake project is the most common problem and newbies are often the gullible that will be their victim. for investors i guess its time to start being smart.

If a new altcoin has a successful roadmap, of course it should be listed as a good altcoin,
because if the fundamentals of an altcoin are good and the price is still very cheap,
it will be an opportunity for good investment in the future.

In terms of analysis the altcoin market serves as support and benefit for Bitcoin and this creates a gigantic economic ecosystem around the same market. On the other hand, the big current problem is the lack of application and big goals to be achieved and in this case the great masses. In general the number of fraud is large because there is a lack of regulations and commercial restrictions for these projects without commitment and regularity. We must also not forget the lack of knowledge and direction of investors.

crypto world is like the dark web. but crypto is transparent. so that everyone can create, select and define their expertise. crypto is decentralized. so the rules regarding fraud, cheating and other crimes are difficult to control. because in essence, security of decentralization lies only in itself. as long as crypto has not been fully accepted by every country. then the rules can't be fully implemented. and when the country has accepted crypto. It is not decentralized. because the government will hold onto it and all the rules.

I am sure altcoin can handle it. But not all altcoin can do that because some altcoin will not have a chance to increase. And with the fake project that still around at out, there will not be a chance to succeed because people will avoid them and not use them to invest. People prefer to select the other project to benefit instead of investing in a fake project. I don't think that people will feel desperate to see the fake project scam them because they will always survive after getting a scam from the fake project. After all, the altcoin will be okay.

You all keep saying that cryptocurrency is made up of scammers like you were all not being scammed when there was no cryptocurrency. Cryptocurrency is no different from other type of investments that you’re seeing out there, you can as well be scammed in anyway, it’s not a plague that following the crypto market only.

The problem with most of you is that you don’t calm down to learn about you’re investing your money in, you have to learn the cryptocurrency market and know what’s possibly right and what is not. Dig deep into any project you’re interested from whitepaper to who the team really are and all that, and you will figure it out.

I hope now as the money is back in the market high quality projects will launch that were waiting for better market and positivity so in coming months im hopeful that market will improve for new projects and we will be able to find quality projects.

That's quite harsh of trust you got there but I understand getting into the fakes anyway. The frustration is real on that one buddy. I guess I couldn't blame you, because me as well stopped in finding a lot of projects back in 2017 when ICOs scams started to pop up ruining its name to the grave til they disappeared.

Everyone needs to be extremely careful anyways this period because most projects are out there to scam not even one Ur two . 90% are scans so we really do need to be very careful to avoid falling in wrong hands. Especially Defi coins are out there to scam many people. I do my research before I invest

This is a big issue to be honest but one way that this can be reduced is to find a way to checkmate new projects. Unfortunately more projects will keep coming, this is because the old ones have been una le to fulfill their mission which prompts new projects to develop on old ideology.

If there is only a flashy web-page and story with lots of promises and you deal with it, its is entirely your problem. Lets just hope you lose every penny you invest in it

It is true that the altcoin market is fraught with trickery, but we can avoid this by first researching what we want to invest in. being more careful does not mean being afraid.

I understand what you mean here, but you need to understand that doesn't mean it's not good either, because if so think again why are there so many new projects emerging, what's in this market?and Attractive that has many projects or startups? And we will recognize that it offers real value and will also be an opportunity for scammers, not just for crypto, but in all areas. And time will help people learn everything and equip more skills to protect themselves from outside temptations.

They are inexperienced with the agreement address and don't see the agreement address. Therefore, while keeping on the lookout, it is kept on another coin of a similar name. I can't accuse you, the altcoins have a great deal of issues and novice needs to figure out how to address these issues, I strongly suggest that amateurs focus on the top altcoins on the lookout and keep away from test altcoins.

Well there is no market without risk mate, the cryptocurrency market is full of risky projects like in the stock market. Do you mean that the stock market doesn't have fake stocks in the industry?. The cryptocurrency industry is full of potential alongside the bad  stories likewise the stock market too, so, care must be taken for choosing your favorite project to invest. In this market, caution must be taken before any investment be made into any project becasue as there are good project also there are bad ones.

I really understand the meaning of your question, the same naming always confuses newcomers when determining attitudes. Before you get caught up in fake altcoins, you should have to learn again how cryptocurrency works, because scammers will always be looking for ways to get money fast.
Until now Altcoins are still fine, no problem with names, because their smart contracts still have differences.

The cryptocurrency market is similar to the real one, where you can also see a lot of fakes of famous brands. And if you buy a fake product, its quality will be lower than the original. In cryptocurrency, it is much easier to install the original coin if you check its smart contract before purchasing it.

In my opinion, altcoins are not a big deal and the naming of the same coin is also not a problem because good or bad it depends on the concept and the extent to which it is developed, and I think before we join the project, it is necessary to use detailed analysis so as not to get stuck on a fake project

I don't know how long you have been in this market, this is not a very important issue for altcoins. For any sector in life is competitive, and in this market we see projects competing over products, etc... and only projects that survive. after a time of competition will be more welcomed by many people.

I understand your point. Even alot of this projects compare one another, from their whitepapers to the roadmaps. It is copy and paste with no further inputs as to what to pursue in developing the projects. The rate by which this projects come to the markets is alarming for me too. There is no checks on them to see which are fake or not. The absence of that has led a greater number of people falling prey to scammers. I think there ought to be restrictions so as to be able to limit the rate at which new projects are established daily too.

imitation will always occur in any product , not in real market or in finance market . many people trying to get benefit by imitating original product in market and by doing this they will earn much money . as user or customer we must becarefull with this condition included in crypto market. dont ever trapped in fake project that imitate original projects.

The most interesting part is the uniqueness of the project. Investors will determine where is the unique one and the trusted team with transparency system. Pro investors are not easily to trap in the wall for they know how to look at the new potential altcoins. Also they know the possibility when it will be listed in exchange. If the new project could not meet the standard of being authentic, investors assessment could be negative.

To be safe and ease yourself of the uneasiness of fear, you should buy a coin which is named in coinmarketcap, and  confirmed from the source. However, this may happen sometimes if a person's awareness of crytpo is not sufficient enough. Only a few individuals still don't believe cryptocurrency though it's awareness is rapidly gathering momentum by the seconds.  You may choose to invest in top coins such as bitcoin, ethereum etc, which are tested and trusted.

Everyone likes surprises like this, because basically everyone wants to make profit every day through any way, especially with a way that only holds good coins for a duration of a few months, obviously it is not a difficult thing to do when market conditions are good, but the problem is that not everyone knows when market conditions are improving.

Distinguishing between legitimate and fake projects is quite difficult for a newbie, I'm sure too complicated. Yes, top coins would probably be a good solution if they really wanted to invest or trade on crytpo

you mistaken crypto from a rule and comunity . that three have thier own different meaning .  cryptocurrency is a currency or cryptographic currency but under crypto you can find different coins and if a coin is good it can gain supporters and these supporters can build a comunity like this forum we have now which is bitcointalk . there is no rule on crypto and anyone can make a coin of thier own . on crypto comunities you can find info which will help you if what coin are scam and not , scams dont also reduced the demand because as you can see crypto market is still growing

good projects will always be alive, that also means for altcoin projects,
this is not a big problem for altcoins, but a big problem for shit projects or shitcoin,
because reportedly the altcoin season is only followed by good projects or good altcoin with successful roadmap.

I think altcoins are the best way to get a lot of profit, whereas if you say altcoins are a terrible place to invest then that is wrong because not all altcoins are like that, for example, currently XLM and XRP prices have increased rapidly and can provide a lot profit. so in my opinion don't charge altcoins always have problems that result in losses.

not only you, all of us who are here also realize that trust in new projects tends to decline because most of them are just bullshit, new projects are created for their personal benefit. although not all of them but most of them are like that. to be honest we already have Bitcoin and don't need many altcoin bullshits in the market.

if theres a rule, how can it be decentralized then? and also for me, its investors problem to have a knowledge about what coin/ token/ project that they want to invest in. Just think like real life bussiness, some of them are scam too, right?

Yes, a good project will always live and it will be difficult to die, because a good project always has a large community and enthusiasts to support them, and this is clearly different from the shitcoin project which does not have a large community and a minimum of interest in them. so that the shitcoin project will not be included in the season altcoin group forever.

Some of the factors People judge Altcoin as a problem hole in Cryptocurrency.  Their mistake in analyzing the project becomes a source of problems with one's stance.  We have to rise up against Shitcoin in various ways such as getting someone to look and analyze before investing, if you have a lot of free time you can create a team to research the Altcoin project.  There are several sources from various sites that discuss how to determine an Altcoin project to invest in, I think all beginners can learn automatically how to determine which Altcoin to invest in.  I hope we don't fall into the shadow of the fear of investing in Altcoin.

I say it is not big deal，this similar name phenomenon already existed a couple of years，but no big problem thing have happened. So that proves that name repetition is not a problem.
One truth is clear, Whatever is, is right.

If anyone has problem with new startups DYOR on existing project on Top exchanges with big volume and buy from there. Buy now when most of their new project are low cap with low price(even some under ICO price). The funny thing about scam project in bull market is that they still make huge profit for investors, reminds me of bitconnect, verisatum etc. Am not encouraging scam projects but dont ever be emotionally attached to any altcoins for whatever reason. when you make your profit, leave

yeah, this is not a big issue
because name is not the most important thing in crypto,
everything is depends on our side, we should know how we can choose the right coins to invest with doing a deep research before drop our money
regards

It's a bit difficult to figure out a scam project unless you do thorough research right from the team member's profile, their whitepaper and verify if the points in the whitepaper are copied from another project's whitepaper because I have seen projects wherein they have picked content of whitepaper from multiple projects (bits and pieces). Unless the community starts doing the research before being a part of these scam projects nothing could stop scam projects since there are no such restrictions in the crypto domain.

There should be a KYC process for Dev team before they can advertise the projects in this forum to keep the forum clean.

Back from 2017 to 2018 when I am just a newbie until I became a full member I’ve been scammed for at least 4 or 5 i guess. After I became a full member there are a lot of scammed campaign and that was the biggest problem back then. It is common today and I think that is not a very big problem anymore. I wish this time our campaign will pay us well until the project is done.

In fact, it's the best choice altcoin right now. Maybe soon ethereum will go to$ 1000 and Ripple will go to $1. Because they have been proven for several years to be very good for long term investment.

Keep thinking the same way!

But why not think the same for the first 100 Altacoins?

Scammers are also working to win in this world of cryptocurrencies.

All cryptos that fail or with the same similar name are scammers ...

But its the same thing in real world market
Everyone should do their own due diligence
It's not like every stock in stock market are "genuine"
There are stocks which is mainly empty shell company yet people still buy them

People should be matured enough to do their own resesrch instead of becoming greed for fast money
This is why people get scam, greed

Yeah but some Altcoin YFI YFX YFXX TFXXX YFXXXX YFXXXX these are like a real shit one.... ??? ???

Creating coins or tokens can be done by anyone who has that ability but to be trusted by investors in the cryptocurrency market, I think it needs an interesting project or product. There are more than 6000 coins and tokens listed on coinmarketcap and in my opinion no more than 10% will manage to survive for a long time

That’s a real problem with the altcoin market. I know some people who never show single interest in the altcoin market, they are only interested in the main thing which is Bitcoin, and that’s because of one or two experiences they have had with altcoins and have seen that most of them are not reliable at all. Some are just created for a pump and dump thing.

But that doesn’t mean that there are no good projects at all, if you are not sure of what to go for, then the top altcoins makes a better option; coins like Ethereum, Litecoin and the rest of them are really good, just the top altcoins.

One of the biggest problems with altcoins is that there are too many altcoins. Most altcoins in the market have very bad projects and prices. These will disappear from the market over time.

That's caused by the assets can be issued anytime and there are not restrictions or at least a lot of requirements before someone will able to issue his own asset. that was flooding the market with a bunch of garbage coins. These coins are about coming and going. It keeps released every day while at the same time the dead coin is also increasing every day too.
This is the big issue and the tokenization platform at least putting more restrictions.

We have a lot of allcoins in the crypt market and most of them have no value and most of the coins have pumped up the price. The main problem is that there are a lot of all coins in this place and this is probably the reason why all coins have to face this problem. Another big problem here is that Bitcoin is pumped a lot so everyone in the market is buying and holding Bitcoin. Some problems can be solved when Bitcoin dumps something again. This problem with alkaloids may persist.

I think it is too early to comment on this. If you came to this conclusion based on the past data, then that can not be used to forecast the fate of the cryptocurrencies. In fact, when it gets more popular among the global community, the percentage you have mentioned will get increased automatically. I hope when the global giants like Facebook joins the market, the trust will also be enhanced.

i do agree , but as good market there are alot investors  or developers want to build their own project , although i know it just to take own advantages from here.  with huge amount altcoin now, we confuse which of them will give us return from investment , or even we will scammed by them ?finally our analisys and research will help us to avoid this.

indeed, and for sure only a solid and reliable altcoins will survive, and most of altcoins will dead and people called this as shitcoins
thats why, we have to choose the right altcoins to invest buddy

it is true that the problem is why many projects fail is that their token is less popular and coupled with a bad token ecosystem
I think the factor is that which makes a project a shitcoin
But sometimes a shitcoin project can suddenly hive if the ecosystem is really working

it's a reality in crypto especially new altcoins. if exemplified from 10 projects maybe only 1 is really potential. this is not a new problem, this is an old problem that we have faced many times. so the best way is to be wise in looking for a project

Well, that's overstating it.The phenomenon of having the same name persists for a long time，but the crypto market is stronger and more prosperous day by day.

that's called competition, when one coin goes viral, everyone will make coins with the same name, for example YFI, after viral and the price jumped sharply, now there are so many names that resemble YFI, but of course there are differences between them.  very clear the difference, it does not matter to me and can you not distinguish between real and fake?

Why would someone send you a legal notice? The Crypto market is decentralized and you can subscribe or accept notifications from crypto news media.
It wouldn't cost you much and you need to follow the trend if that's solely what you want about projects that are coming monthly.

It is no stranger that the crypto world adopts the same technology.  And the goal of each coin project is to follow the existing trends in order to attract investors.  In fact, some are not solely for investment, but can be used for transactions and other purposes with the various benefits they offer.  But remember that not all coins move according to the developer program, sometimes they move according to the chart.  And if you want to invest in altcoins you can choose the Top 10 on coinmarketcap.  Sometimes there are projects that always update their news on their channel but don't hold the price well enough.  News is only a manipulation so that it seems always alive by providing the latest updates.  So you can choose coins based on TA as well.

that's a big problem for newbies. The more shit scam coins being produced in the market means the newbies must have done more and mode deeply research before trying to invest in the coins.
The crap coins will always dead but remember these crap coins will always be trapping the newcomers.
that's why sometimes this becomes a problem in crypto.

The number of altcoins that are almost the same is what makes altcoins worse at this time because the technology offered is not much different, which makes the altcoin price even more volatile because more competitors also cause many altcoins to push each other, this results in increasingly competitive ranking problems. being close to old and new altcoins. The new technology on offer will make altcoins even more popular.

I agree with you a lot and it is true that most of the altcoin projects bring their coins to the market only through word of mouth without any real planning or future development related steps. A closer look reveals that most of the altcoins that arrived in 2019 and 2020 were included in various exchangers, each priced much lower than the pre-sale or ICO prize, indicating that they had no real development or use. Moreover, as a result, investors have lost interest in investing in various projects and have turned away from cryptocurrency. With the exception of a few cryptocurrencies, people have a negative perception of all cryptocurrencies and invest in them for a short period of time. So we need to be aware of the new altcoins and take more effective measures to prevent counterfeiting.

The more competitions the more problem that they've got.

Inside alt market, those copycat also brings bad images to the original project, investors impressions got carried by wrong accusations
from the developed projects, scammers loves to ride with popular projects alluring investors to invest in and then runaway with the money, not just that but also the competitions from every developed and evolved projects are very tough, the team needs to continually give updates from time to time.

This is really big problem. Scam online coins or tokens making huge affects to altcoin. That's why investors is losing interest to invest for fear altcoin. Nowadays it's super easy to create altcoin project's.

Well, that's an obvious problem, and again, the problem with this is doing in-depth research on all the aspects of an altcoin that you'd like to have. however, when there is an altcoin with the same name, research will tell you the real coin. Besides that, if there are 10 new projects that appear this month, the percentage of finding the most potential ones can only be done by research.

From what I am witnessing right now, a majority of the new altcoins are plagiarized from the old coins (either completely or partially). This will be clear if you go through the white paper. Even some of the well known altcoins, such as TRX are partially plagiarized from earlier coins. Unfortunately, legal aciton can't be taken against them, since most of the original coins are open source.

Blockchain prevents you from mistaking one from the other. You could have a million coins under same name but none of them can share the same blockchain by force, and that allows coins with same names to not be a problem at all.

I actually have invested into a new token now, they are not even listed on coinmarketcap or anywhere else, they are not even on any exchange yet, it will be on 20th of December hopefully. And within all of that, I think it would be funny to not mention they have about 4 other tokens/coins with the same name. Nobody mistakes them because they are all different in blockchain.

Crypto has far superior problems right now, to actually wonder about what would be troublesome with just name resemblance or exact same name are not really that big of a problem.

Probably a regulation would do? Im seeing some powerful people talking online that they can only invest in crypto is there is regulations from SEC but honestly I don't know how decentralized and regulations can work, it doesn't make any sense, one of the few reasons why bitcoin came into existence is to get free from the government and their laws, regulations? Think again

Also instead of trying to look for which altcoin is best among the new released projects why can't you go with top 10 or just stay with bitcoin? It's not a most to invest in new altcoins especially if you have less experience about doing research on new projects, as time goes on you will get better at it

Not looking to good for the Alts at moment , the bears are admimant

As everyone knows that scammers are everywhere in the world. Cryptocurrency is new and developing globally, and fewer people aware of cryptocurrency; that the reason scammers are more coming into the crypto industry and making scams with peoples. Hence, with time, everyone will be mindful of the scamming projects, and rules will be applicable in the world through FATF, and then there will be less chance to scam with people by the scam projects.

I disagree about the cryptocurrency community, it is already very large and is constantly growing. Yes, you can make several coins with the same name, but what difference does it make if there is only one cool project of them, and it can be easily distinguished from scams?

It’s up to the individual not too invest in a scam, there’s scams in the stock market as well unfortunately

I see that there are many Altcoin projects that have the same name there, but in my opinion with the same name there is no problem getting them, because with the same name they have symbols and logos that are very different from each Altcoin, so from there you can search exit which Altcoins you own and which you don't. Maybe that's how I confirmed the same coin name there.

I can understand your concern. What you are saying may be partially correct. But you may be mistaken. Many of Altcoin's names may be the same, but most smart contacts are different. Smart Contract is a transaction protocol that reduces fraud and reduces the number of intermediaries. If you want to know which project is better, you have to read their white paper carefully and you should understand market potentiality.

In the pandemic situation, the crypto market has crib-biting in that case some scammers have been included their pump coins or tokens by the ICO. But they don't have approval by the authority of cryptocurrency traders. In this situation, Nowadays, Son coins are granting their value by making stable value. So, there has less problem than before, but also should be careful about the investment.

You are right, I have no valid point to say otherwise, I just wish that crypto developers are certified but that's near impossible now, the only thing I'm looking forward to is another better ICO like that involves regulations, if team fucked up they should take full responsibility for it, that's what I'm hoping for

i strongly believe that most altcoins present more problems than the solutions that they create, especially for investors.
This has often been a common trend with a lot of crypto projects, the team will create a project that has little to no real world usage, neither does it solve any major problems in thecrypto space, this has often led to too much useless altcoins available to investors and traders.

I agree with you. There are many bad crypto projects out there that are not really needed. But not all alt coins are bad. If you look at ETH for example. There are a lot of active users and investors who like the coin. I wouldn't too negative about all the alt coins because now with bitcoins reaching new ATH every week, we need some alternatives.

What is your point anyway?
The same exact thing happens with "real" physical businesses.
Some of them are scams, some them won't eventually work out and will close.
This does not mean we should not "believe" in business overall, same applies to crypto market.

As a newbie, you never should invest in experimental altcoins,You can go with the top altcoins and that really will be a good decision for you. Altcoins are having lots of issues nowadays, so before investing anything you have to research the market completely. There are lots of scams, and same named coins are also available in the market. So if you want to play safe then invest in strong project based altcoins and if you want to take a risk If you want to take a risk, please do a proper research before investing.

fakes and scam projects are not a Burden of the Bitointalk and even of the Whole crypto community because Everything that will keep us safe has laden already here and there ,all you need to do is study and learn how to prevent from being lured inside their traps .

And also the safest way for you not to fall from fakers ? Ask for the community regarding the target project ,Because for sure Experts and Knowledgeable Members of the community will help you research and understand the Status of the project.

the problem in many Wanna Be investors is they keep digging for the right investment but following their greedy attitude in looking for Buy low sell high in which wanted to catch Big fish ,so in the end the Intention is being covered by desire and ended in losing.

The big problem with Altcoins is that everyone is giving different information,
I also have two problems.
One is the D-list and the other is the price dump.
If you keep these two things in mind, there will be no big problem.

Indeed there are no rules guiding creation of tokens on the blockchain and with smart contract successes of etherum, tron and other blockchain we have over a thousand littered projects everywhere on the crypto currency charts ; but that doesn't mean they are all fake. As an investor you should see this as a hurdle not a problem, if you can select the best projects for investment with proper researching skills, trust me you will enjoy your involvement with altcoins. But first you have to dyor

I want to clarify somethings for you. When we talk about cryptocurrencies, we are mainly talking about decentralization which mean enabling people to launch their own projects, evading and running away of the centralized ecosystem. You want some authorities to control the process of launching new projects and if that takes place and they can put laws to prevent a cryptocurrency from being traded, do you really know what does that mean? It means that they can shut down or stop btc and the other altcoins, do you get satisfied if that happens? I must say no, you won't be happy. It's your responsibility to check and never do any financial transactions with parties that you don't really trust.

I think current situation is not good for invest in ALT. Because we all saw that how rapidly Bitcoin and Ethereum pumped... and also ALTs are not performing well at this time so it's quite risky to invest in ALT. Need to wait for the bitcoin to be stable.

This is a big problem for newcomers.  Because newcomers do not understand the contract address well. There are many tokens whose names are almost the same but the contract address is different. The token exchange is sent just by looking at the name but the exchange does not go because the contract is different and the token is lost. One such token is the ZUM token.

I think a lot of people still don't understand the fact that decentralization in crypto investment is the best thing and regulating the system will cause a lot of harm to the network than prevent crypto scammers and it better for every investor/user to improve their knowledge than hoping for regulation/centralization.
Nevertheless, Bitcoin cannot be shut down and cannot be centralized cause it founder on a decentralized system and I think to prevent future complication which may affect the Bitcoin network was the reason Satoshi make his identity to be unknown and also leave the Bitcoin duty for the community to handle.

Bitcoin existence was indeed a big success in terms of decentralization and anonymity which do really goes opposite into banking sector that people had been get used to since the beginning of time.
Even some projects had already been regulated or even with Bitcoin but doesnt mean it is happening internally, those are just on the platforms or companies that do get involved with it.
It isnt just right to presume that centralization will really happen to bitcoin but for some alts and stable coins then you would really be expecting something like this.

Bitcoin existence was a huge thrive and the perfect sample of a good monetary system which make IMF advised Central Banks to create Digital National currency but Bitcoin is pseudonymity and never anonymity, to make it anonymous it requires some other third parties service (tumblers).

That's not regulation of Bitcoin but regulation of a certain platform(exchange sites etc) licensed by the government and Bitcoin can only be regulated if it not decentralized.

Indeed, even alot of this projects analyze each other, from their whitepapers to the roadmaps. It is reorder with no further contributions concerning what to seek after in building up the projects. The rate by which this projects go to the markets is disturbing for me as well. There is no keeps an eye on them to see which are fake or not. The nonattendance of that has driven a more prominent number of individuals falling prey to scammers. I think there should be limitations in order to have the option to restrict the rate at which new projects are set up every day as well.

ICO projects ought to be creative and present new freedoms, yet most projects dont do that.

Crypotocurrency was designed to be decentralized, so most of them must be without legality since they are not built on a country but from any place worldwide.
Scammers will be always the problem, in crypto nor real life. The same behaviour is scammer always try to convince the victim with high return in the future, we should avoid this kind offer.

It's why many have been screaming for regulations in crypto space but I personally don't see how it will help make a difference, not all projects and platforms can be regulated most especially those DeFi projects, as a crypto investor you should understand that you are on your own, do your own research and plan yourself

Crypto isn't how it used to be in the past. They now easily recover because of their their real use case and Interest from this retailers. So, whenever bitcoin plummet, Altcoins follow and bleed heavily but as soon as bitcoin stabilize, they easily bounce back to their previous highs.
History doesn't mean, it has to happen. Crypto is pumping that doesn't mean it wouldn't crash next year.

I think that's not a problem because even though they have the same name but they have a different contract address, just need accuracy for that

It is called experience to find the paying projects and stay away from collectors, the rest will be done by the market flow. Catching the altcoin is not enough, chasing the right moment and selling in the higher orders are consequences of having market skills. Scammers are not a problem in this industry, they are part of the whole process.

The correlation is the factor that affects the connections between all altcoins and top cryptocurrencies. The pump today means dump tomorrow but the 1-week pump can add a %600 to the total marketcap while 1 single dump can be a bloody %1200 loss in a day. Surely, if BTC price goes down the altcoins will plummet immediately.

I totally understand the skepticism of the op. The whole cryptocurrency sphere and esspecially the altcoin area is like the wild West where everyone can create anything with little effort. Nowadays there are like 10 New projects launching every day, therefore the chances to Pick the right one for your investment are pretty slim.