Bitcoin Forum

We are now reaching the bar of 13000 coins on Coinmarketcap,
I wonder out of that number how many tokens/coins you know are really real case use of blockchain and tokens futuristic capabilities? I think i heard of only one that is building now.

How much more Tokens can the industry welcome without succumbing to it's own lack of interest.
100 meme coins a week can only take us so far in the seriousness of this industry.

Do you have your way to find any relevancy in such a cloud of crap?

The old recipe of fundamentals would still work if the industry was transparent. But it is not

In reality there are just copies of copies of tokens made by people who lacked imagination dearly. It takes a few minutes to create a token and months and 1000's of $$$ to make it glow to the general public.

You now need to look at your best projects Youtube and Twitter + other channels to validate that real people work for it.
No faces = Nothing good in perspective!

Telegram = Pure non sense with bots all over the place.

FYI, Yucreat is built, brick by brick around a token, with a real market place and solutions to problems that are not related to creating more tokens :)
It is a project that is a real life use case. Staking Tokens, Ideas, Stills and Material resources with Smart Contract. You can see for yourself and you will see there is still some room  to land more times on the moon :)

Cheers mate!

I think that only 100 tokens from those 13000 are worth attention that is why I am used to looking for coins to invest on coinmarketcap in a top-100 table. I choose one that is on lows or at least not on highs and investigate details about it such as what project stays under it, who are partners and developers. Usually, I also try to sort out the whitepaper and read a smart-contract. 

more and more new coins are popping up and adding to the list of coins on coinmarketcap. now the number of coins may exist
about 13000 more coins are already registered there. but of the many coins that exist, to be honest, not all of the coins I know
projetc, development goals even the easiest such as the name of the coins listed is not all I know.
the coins I really know and what they've done can be counted on the fingers.
such as: ETH, BNB, Cardano, Solana, Matic.
I think this is a good coin to invest in because the project they are developing is extraordinary.
more and more tokens will grow every day. more and more coins are also scams.
I think the industry will be very careful in choosing a coin from the many available coins.
so before we make an investment make sure you've done DYOR.
by doing research first I think is the best way.

I really like your point of view and i totally agree with you. I really think the flood of meme-coins that keep appearing each and every day are really harmful for the whole crypto scene. How could you convince an investor that had no contact with the crypto scene so far to invest into crypto, if he sees that all those stupid meme-coins, that are just copy and paste projects, have trading volumes of several million, even though they have zero use case and offer no functionality at all. From all those meme-coins that are appearing now, i would bet that 99% of them are completely dead within a few months and that only a handful of them are still alive in a few years.

The only way to fix this is to not give them any attention, do you think that if there was no money to be made scammers and developers with lack of imagination will release all of those useless coins?

Of course not, they are lazy and they want easy money, if they are releasing so many coins it is because there are people naive enough to invest in them because they want to get rich quick, not understanding that the only thing they will achieve quickly is losing all their money to those scammers.

Maybe more than half of them doesn't have real used case, or just copy cat of previous coins success.


I think we are already in the over saturated phase, that's why most of them died peacefully without us knowing. And majority are breathing, but their dev's doesn't care anymore and move to other projects.


Just the old and traditional way, cmc, coingecko.

I think we have reach the pinnacle in 2017 already, when there has been a lot of projects that has somewhat change the course of many industries, like medicine and pharma, supply chain and logistics and others.

But after that all coins or projects become crap, and it has a bad effect on those projects that has real life usage because investors stay away. As we all know the bulk of upcoming projects is pure shit (hence shitcoin) and then for p&d scheme.

To be honest, there are only a few of them with an actual use case, the majority are either shitcoins, pump and dump or coins of zero use/value, the thing is, many of such coins still manage to garner interests from some investors because most of them are only looking for short term profits, and pump and dump coins are good for such purpose, but it comes with a high level of risks. Having said that, amongst the many coins in the network, Bitcoin and ethereum prolly looks like the only ones that can be said to be sustainable for the long term cause of the demand/use of them.

100 is a very high number, some tokens and coins basically do what btc does. I think it's time for the guys to start sifting through better projects that are worthwhile and stop fussing over the meme currency.

To fix it, the fix must start with the investors.

Stop investing to meme coins and any single coin that's being built quickly to bear up with the hype in the market. The reason why there are more that keep coming is due to the investors.

If no one will invest into those, the developers will realize that there's no more craze with the altcoins they make.

You'll know it if there's a use case, if you follow the coin some coin takes time, some coins get hype and eventually die down if the token or coin is not offering something to the community, just an MLM Ponzi scheme type this will just go to waste, so always check the coin you're following if this contributes to the technology or another crap in the making.

I was believing if more than 60% from the total tokens on CMC was dead coins or shitcoin that already dead. It may less than 10% that has real use case of blockchain or even 5% from the total coins that issued on the market.

Meme coin should not be counted as this just another garbage coins created by scammers. Doge and shiba only different meme coins.

I do have my own way but i have been watching this since long time ago and market was getting flooded with garbage coins. You can expect less than 5% were good coins while the rest just dead tokens in the market that none uses it again.

Just wait, there are a lot of worthless projects that are coming.
Maybe we got surprised why there is a continued increase number of crypto almost every day. That is because a lot of genius people wanted to make their own crypto for a business opportunity. It seems frustrating and full of disappointment but this is really how the market looks like and we have to embrace otherwise we leave.

To the moon, when? I don't know if you miss looking at the market chart and seeing nothing because we have reached the moon already.

Get used to it and its much better that you wont stress yourself out on how many coins in the market in total because those numbers would continue to rise up as those devs do really create something new and hoping

that the community would support it but in over all they are just the same on the blockchain that they've been using or simply saying its just a copycat and thats why its just sensible that you would really be

sticking out with those top coins and wont really be bothering about potential but there are still some hidden gems though and thats why some people do really risk on it.

For most traders, the use-case doesn't really matter. As long as coins were hyped or have a good volume, they will be traded no matter what. As far as we know what we are doing and know the risks of riding a certain hyped, we are good to go.

The task now is, how to maintain trading winning stats riding those hyped coins, with or without a real use-case.

Almost everyday there are many meme coins arise here in crypto space, where we can't able to stop them,
And I think as time goes by the increase of these coins will continue to rise, but instead of focusing on this categories
it is much better to look for the top 30 coins that are listed at the coinmarketcap in which I think the capital is much
safer than the other things.

Smartcontract was making the total token/coin in the markets have no control as anyone can issue their own asset and ask garbage exchange site to list it. It's not all of the coins are focused to develop the utility/real use case of tokens. The problem is scammers were also contributing a lot to the total tokens in the market as they will be issuing new tokens and then ignoring them after they scammed some money from investors. Blockchain has various use cases as long as it is well developed by trusted developers. The problem is there are lots of scammers are creating scam projects. You can be sure that those top coins have real utility usage but doubt about the rest. I can't say the range for how many tokens that owned utility use case but hundreds of coins in the market have it and the rest didn't. it's hard to count how many coins that exist in the market now have a real use case.

The space is not limited to a particular number and as such there is room for more and more coins to be created, it is up to project owners to actually make their project worthy of investors attention by creating a real usage to generate demand otherwise they will die naturally and another will come up,
Also if certain investors don't pay attention to this projects they won't have audience, it is left for people to do what is right.

Unfortunately, this process of launching new tokens is uncontrolled, but people are interested maybe only in 100-200 tokens from those 13000, so others just exist and take up space. Personally I try to look for tokens that have a strong community, developers with good portfolio and that has something under them such as their own blockchain or defi-project.

That is the only way we need to go to the source, and the source of so many scams coins are the greedy desires of investors, if there was no money to be made for them and for the scammers behind those coins then the number of coins we have in the market will drop at least 90%, as scammers will need to find other ways to try to get to our money.

But when investors are literally giving their money away to strangers just because they can write some technical stuff they do not even understand then it makes no sense for scammers to change their behavior when they can obtain so much money so easily.

I would agree to a certain extend, but we can't really control those investors, it's their money anywise.

Maybe we can just gave them piece of advise, and be a wise investors, but as humans, when greed sets in, our decision are clouded and all we think of is $$$ in the future. And then these scammers takes advantage of that mentally, persuade investors specially new ones to give them their hard earn money and then disappear.

And its' going to be a cycle here, same as the boom and bust and bulls and bears trend.

What else we could expect when bitcoin market is doing super bullish? Basically bitcoin attracts new investors but altcoin is industry trying to catch them in-between; moreover most investors prefer to follow diversification principle which is the basic weapon for devs to deviate naive investors to their side.

These too much of coins and tokens are not my concern any more as people will learn their lesson on their own and then will spread awareness against such new coins/tokens at least to their dear and near one. So, we need to bear all these until most people start ignoring. If we would not have these many coins and tokens and all the investment made so fat would have made only to bitcoin then we might have bitcoin already trading above $100k levels for sure.

When everyone is free to create projects this will happen, the number of coins in the market today is more than 13k and I think this makes the competition very tight, in fact many coins die so we have to be careful, meme coins are a trend that is happening right now , maybe most of us don't like it but in general it can be accepted by the public as long as they get profit from it.

of the many coins you mentioned I even glanced at not even 100 there :)
because indeed from most of the coins that exist they are all just mostly imitations and imitations of coins that are indeed very good.
apart from that there is a lot of garbage circulating and only making coins with this is self-profit.
because indeed this can not be overcome because anyone can do it.
but because we are investors and traders, like it or not, we also have to learn and choose the coins we have to have.

That was already a huge number of cryptocurrencies in existence, and Im sure that number will continue to grow because people have never stopped adding projects till today, But I am certain also that most of that numbers are the dead, useless coins/tokens and less than 1 percent has a true demand, use cases, and game-changer functions most of it will eventually die in the process because they have no real use cases no products and services to support and drive the demand of its token so most it will die and abandon.

It is very clear that this has happened at this time so that the meme coin circles have started to compete with each other so that those who are not able to develop will die by themselves and will also be drowned by others or by the better of them.

The meme coins are not to be trusted even they are giving investors ROI. They have clustered the CMC and increasing the number of shit coin. They will die off as soon they are pumped because they really don't have use or need but just meme. Few coins are valuable like Ethereum , DIA, USDT, BNB, LTC. Investing in altcoins requires thorough research because not all altcoins will survive after a hype of pump.

But when we are the people start ignoring such craps then devs will have no options left other than not creating no more coins and tokens. When we people support blindly by feeding them then definitely this count will grow into 10x or even 100x in coming years and this definitely will have negative impact on the growth of bitcoins.

Because, when people lose money with any scammy token then they may not come back to cryotocurrency space which means bitcoin may lose one true believer. Scams and failed projects will not get investors any good opinion on bitcoin even they have not invested in bitcoins. So, we must take some initiative to stop this non-sense.

actually not that strict, maybe when you look at the number 13000 it's a lot but according to what you said a lot of coins died and were abandoned by developers. other than that that much amount doesn't make you see everything and I'm sure the coins you see are only a small part because the 13000 coverage is very large and wide and we can't examine them one by one.

We saw that's coming! And in my opinion, many of them survived despite their chances... some of them even got to the new all-time high price! It's a real mess in the alt market, and I don't see that will change anytime soon! We will have even more coins and tokens, it's a big hype about that... but for sure many of them are just pump and dump schemes, possible scams, so I don't bother too much with that! Simply I am looking around and if I see something really interesting I will join, but that doesn't happen often, and I always check that project more closely before I put my money!

That's where the need for accuracy, understanding and introduction to the coin that we want to invest, currently there are many memecoins that appear on the market, but none of them are able to become how it develops in the future, even tokens will not be able to be accepted in the industry without people's interest in using them, the way to do what has relevance is to know in advance, analyze and follow developments.

This kind of issue is no longer something new in the market. Right from time I have seen a lot of people complaining about this issue of having so many useless cryptocurrencies being released every single day in the market. Sure it also annoys me a lot, because it shows how unserious most of these developers can be.

I really wonder why some people wouldn’t sit down to create their own ideas and bring out something new into the market and help the community to keep improving, rather they will just copy and paste whatever project they see just because they want to make quick money from investors’ pockets. Meme coins are now the most annoying as of recent, we're now seeing a lot of them being released into the market and used as a means of pump and dump. It’s simply best to just avoid these coins, and that’s it.

And you are right, which is why many older members spend a great deal of their time in the forum warning newbies about the dangers that are ahead of them, many never listen and they end up being scammed, and there is nothing we can do for them once they have lost their savings in one of the many scams in the forum.

However for the few newbies that do listen and that understand that those members are just trying to help them, that becomes the beginning of their journey in this market as they learned that a great deal of what they read on social media about this market is a lie, the sad part is that only a minority of newbies can change their behavior, but at least it is better than all of them being scammed, so the forum is making a difference.