Bitcoin Forum

I risk creating a duplicate question. But I'll try.

A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?

Yes, some projects look interesting and potentially. I like the idea of ​​global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.

the problem is that the community has changed from "wanting to see new projects that create a decentralized peer to peer currency" to everyone wanting a different thing "wanting to see projects that can give them the most amount of profit".

so if you look back, in early years we saw most altcoin projects be good or at least have some fresh ideas (i am talking about the first couple of years like 2010), but when you compare it with these days every project is only a money grab thing and people only want to trade them on exchanges. nobody even runs their wallets/nodes anymore.

I do think a lot of new projects are not really necessary. It is often a case of thinking 'I want to make money from crypto, how can I set up an ICO and get into the market?' rather than genuine technological innovation, or any real need to the solution to involve crypto at all.

I suppose this is inevitable as the money in the sector grows. There is certainly room for further innovation and new solutions - but these are drowned out by the flood of new coins that either don't offer anything, or else offer something that is unnecessary and can be delivered already by an existing coin.

I agree, any new altcoin coming out these days is just a copycat of something better.  The most useful coins have already been created, and there aren't even that many.  The ico space is even worse, because people actually invest money in the projects before they're launched and sometimes the ideas sound good...at least on paper.

Good point about running nodes and wallets with shit coins.  The really bad ones don't even have any miners anymore and can't be sold or transferred at all.  That's when you know a coin is really dead.  And that's where the majority of them are headed, too.  The cemetery of dead coins that no one wants.

Cryptocurrency has a lot of room to grow, we can not ignore all of them because of some scoundrels and scammers. Without evolving further human can not survive, and it applies to cryptocurrency too. Without discovering something new, we will not make any progress and we will not survive. Developing our current cryptocurrency and at the same time finding the potential crypto for our future is the better way, we need an alternative in case something goes wrong with our current cryptocurrency.

There is a need for more altcoin to be created because blockchain shall still take over most of the world industry as a means of transactions because it is faster than natural banking technology.

The only problem comes from those altcoin that does not have any product to back it up, such altcoin ended up scamming the community with their sugar coated unrealistic whitepaper.

Those slightly smaller texts are more interesting than the bigger ones. The absence of control is itself the reason why the future of cryptocurrency looks clear. The future of fiat is vague because it is under control. By whom? By the elites, so few of them, controlling the rest of the population. It is a problem when money is in the hands of the few, the creation, control, supply, etc. It is less dangerous if money is out of control of everyone. What is needed is the money, decentralized, under no one's control.

new good project is needed in cryptocurrency to expand this industry, it's not wrong at all.

The good project already launched, still developed by their developers, those still and always devs those project. it's good being mature project

something wrong in my opinion is investing in shit project, even on new or already launched, as far as they are shit. it is called wrong. that's why the investor should be wise before investing

Yeah there are so many nowadays that makes it very confusing to know which to roll with. But you may want to check out DX token and Atomic wallet Coin. DYOR as well.

I don't think we need that much of altcoin as coinmarketcap list morethan 3000 altcoin as of this moment . Why not develop the old project and add the new  ideas they think can help the project than creating a new one  and raised another money . Creating a new ideas and coin will not help it will only divide the investors.

This is the problem with open source software. If it's something good, everyone is going to try and copy it. Just look at Linux. There's so many different Linux distributions out there nowadays. Some are good, some aren't worth the trouble putting on a flash drive. It's the same way with cryptocurrency. Your best option is to stick with only things in the top 100 on coinmarketcap. Unless you're just really trying to make something out of nothing. But, that's always high risk.

Because most of those projects are just token phase so thre's no need to run any nodes, and they are probably never going to implement their blockchain anyway in the future, or if they are there are just too many projects to run and less crypto geeks that are interested in the tech.
There are like 50 projects i would like to run node now to but don't have capacity anymore. Back in days there were maybe 2 that interested me.

But there were crap ideas way back before icos, but people are just not talking about those, they started quietly and died quietly, often with a large secret premine that got dumped.

A lot are totally identical so no innovation. A lot are copies but some thing tweaked. A lost what you are talking about are just tokens a digital asset, not real cryptocurrenices. There are some unique coins that are worth to learn about and have.

Previously I assumed it would be effective against monopoly risk because the market would be healthy with structured volume sharing. But it turns out the quality of this new coin is very disappointing because many developers do not understand how to synchronize the development of coins with the situation of their coins in the market. and the rest are fraudulent products that only focus on sales profits, and then wash assets neatly.

But this experience actually strengthened investors to be more careful afterwards. regulation is the only way now, or this coin will continue to damage the crypto reputation for quality, sometimes innovation will fail if it doesn't have enough long-term support.

Avoid all the projects and then it will be easier for you to deal with the scam market, if there is a potential project with a reputed team then you can plan on investing but with all those projects with reputed developers or team it is hard to be the initial depositor as there will be other angel fund houses to invest during the initial phase.

This is a major concern in the space now, new ideas are stalling and the so called new projects are just a copy of odd ideas and are not solving the problems in the space. Some people just want to head a project and be called founder and developers. Why create something that add no real value to the space

This is the price that we have to pay for our freedom, the source code of bitcoin can be accessed by anyone so the only thing that scammers need to do is to modify it a little bit and then they can claim that somehow they improve it when that is not true, some are suggesting that we need regulations to combat this problem but I disagree what we need is to warn possible investors that the chances that they will lose their money are very high and as such they should stick to the most popular coins.

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

no body can control this industry my friend
because generally crypto use a decentralized system, thats the main causes
and people should learn from the past to protect their money from scammers, cheaters and others

Because these project owners and developers just only considering their own profitability but not as a whole. It really affects crypto vision which I don't think that new investors see it nowadays. If I am doing investment today, I only look for old projects cause they already establish a reputation in the market for us to have the assurance and returns in the future.

The opportunity that is indeed utilized by scammers to raise fresh funds from investors with ICO and IEO that will look successful and with big discounts. The innovations they made did not exist, only copied the existing and disguised framework. Altcoin world is too much inhabited by scammers who want to drain your money. every day continues to grow, but we also have to grow and promote projects that are truly original. Don't be inferior to a scam project that is useless. Report if indicated a scam to leave immediately.

We cannot control other people this is why many have been a victim of a scam because of lack of education,  and lack of research of a project. There’s so many created project some of it a carbon copy and no uniqueness so we should be careful in choosing a project to invest. This is a learning lesson to all of us to always assess a project before investing.

i believe too that there are some people invest without any research. but i wonder why it can happen continously
in my logic, if we fail/ lose, we will learn from knowledge. it must be applied to investor. they will learn from their mistake. that's reason why i wonder about that
Fortunately, shit projects decrease so drastically now compared with 1-2 years ago

yes we are developing the ecosystem of "i will make my own project" instead of "i will use existing project for my needs"
and it will be that way until openning a new project wont make people enough money to cover their expenses
its much cheaper to build something on an existing platform and it can be very useful for the platform that it built on and for the entire ecosystem if thing start to work that way.

Instan profit, without hardwork. It will be same with why people still do ponzi scheme when know it end is to scam people. And it is worse than ICO for now, at least ICO although make people lose money, they not lose all their money except if it is not listed in market. But all of it still appear, new project keep appear because there are demand of it. If people start to stop ask for it, they wouldn't appear anymore.

Right now the only alts which are showing some movement are the large cap alts and mostly the ones found on the Bitmex futures or the alts with USDT pairs on Binance. Many of the medium or small cap alt coins are still at all time lows.

The reason why these alts are showing activity is mostly due to speculations where everybody wants a repeat of January 2018 where the altcoin market went crazy when bitcoin was pulling back.

This week we are getting large moves on the main alts like TRON, BCH and ETH. It looks like people are selling their BTC and buying these alts or selling their USDT/USD and buying the alts. It all points to the start of a bull-run.

it is true that many projects today end in fraud because investors are not careful and smart in analyzing every project used to invest and of course there are many altcoin coins that have no price and value and now it is very difficult to find projects that can benefit in our investment. more thoroughly

With many altcoins like this bring negative effects on cryptocurrency. Because it's easy to create ICO / IEO projects many
people are more interested in creating their own projects than using existing projects. This is an opportunity for scammers
trapping his victims, through scam projects. Or the token managed to enter exchanges but did not have the large volume
and become shitcoins. So from that conditions like this must be overcome from ourselves more carefully in choosing coins
or projects that are profitable.

Maybe in future we would understand that bitcoin can do almost what others coins that has low market capitalization are doing and some of them will die a natural death. It is a new market and developer are taking the advantage to get their own shares of the market.

well, maybe a lot of altcoin in the market for now could be an opportunity for us to selecting the best one,,
because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards

Probably it will continue as long there is no governing body that creates regulation to implement about creating new projects. That's how decentralization works, you can actually create project you want but not subjected into any strict rule, unless youre in a country like US prohibit this kind of investment scheme where investors can be scammed and lose asset instantly. I'm not blaming SEC for such action but they have been really pushed.

Exactly, Nowadays people only care about how much amount of profit they could make from a certain project.
People used to think like how fresh the ideas of ones project and cannot wait to see how far the progress it could make back then, than when it dives to an exchange, trade them and we're done.

With how many altcoins now, it's hard to choose only few. Even when the new ones comes out, it didn't really attracts people's attention.

Well things change and the community is now full of those kind of people.
After all they just get into crypto to earn profit they got interested when the price was flying high.
They don't really care about the project all they care about is the profit.

Indirectly though, people care about the project. Because if a project fails, their desire for money also fails. If a project acquires success and gains positive return, they will also gain profit from their investment. This is now the trend. The success of the project is being taken as a success for money. It is not being taken as a success for the product the project is promoting or the success of the world in gaining a new technology. The success for crypto to a lot of people is the rise in price and nothing else.

It will continue this way as more and more developers will find new sets of ideas and proposed new project from time to time. Unless regulations will take place and prohibits new project. Though there's negative impact but looking for a brighter side,it can also give potential project to stand up and bring success to it's target audience.

Just be careful if you still positive with this industry make sure to do your research to avoid being victimized of scam projects.

Please tell those who are making use of those low quality altcoins and ask them what they offer that bitcoin does not, because I don’t understand why people would leave bitcoin alone and be making use of some of these coins that have no real value and are only riding under the hype of bitcoin, or claiming that they have a system that is better than bitcoin which I think it is absolutely insane to even think of that.

The reason why the cryptocurrency is more like a speculative market right now is because of some of these fake projects that have nothing to offer than to end up scamming people, and this is why we have actually been asking the government to come up with regulation which I would say that it is because of lack of regulation that all these bad projects keeps getting registered.

Crypto is a free sphere, and this freedom is not what you or I want. So it does not work with your or my rules and it is normal to have something different like this. Actually, unlike you I do not want to sell my freedom for anything. We accept this market as it is. It is the freedom itself that connects me here. Otherwise, I was already busy with Forex.

By their instincts, no ordinary person is different from the representative of the elite. It is better when the power belongs to those who know how to control their instincts. This can be a representative of any class. If you give power to the crowd, instincts will prevail, as most people are not masters of themselves. Thus, FOMO and panic as two extremes are present in any market.

Is it possible to draw such a conclusion: not only the scammers are to blame, but the quasi-investors themselves that they give their money so easily... create a bait and risk. Probably many do not understand this.

These many options are a problem, especially for most beginners. I look at these thousands of altcoins in confusion. TOP 100, TOP 10, only Bitcoin? The market will choose the best 1-3-5%?, that's right. Due to the unconscious majority. This looks too suboptimal.

***
I am grateful for many interesting comments.
The crypto industry reflects what all these people from around the world are worth. I guess the crypto community is not made up of the worst people. What would be crypto if everyone were here?..

so many Altcoin??  I don't think there is anything wrong with that..  the more Altcoins that appear -> the more are selected -> the more that is not desirable -> the more that disappears.

You can't blame investors. Fraudsters today are very difficult to identify

right..  ICO / IEO projects that fail to develop, become solutions and steal the hearts of the public will disappear by themselves.

Honestly I'm so tired of new altcoins being created every day with the same purpose of making quick money and then leave without any trace from crypto space or those who won't leave , they will simply abandon the project because " WE HAVE NO MORE FUNDS TO SUSTAIN IT " .

Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.

if we compare to few year later like 2010 it's too long, because bitcoin itself are creted in 2009, and the one of old coin Litecoin are created in 2013(CMIIW).
and in 2014-2016 many new altcoin are created with brilliant idea like Monero, Zcash and other with their great feature, and today new project are coming with the same idea and concept but different in name and claiming they are the first and best service

The rate at which new altcoins emerge is alarming and the bitter truth is that most team members will never fulfil their promises, most are concerned with making money only. So many fake write-ups on whitepaper and milestones that will never be actualized on roadmap. But in all, I'm still glad that there are some projects really doing great, with remarkable project development.

We can just put into some conclusion in a certain project base of what it is written in the whitepaper or in the rood-map but we have to look is that how they could face the challenge in the market. Many legit projects turn down easily because they never anticipate the huge competition. Project developers must think about how they could maintain and build trust from investors, buy providing them a working product will benefit both parties and could lead to achieving what they aim for in the future.

Altcoins is growing time on time mate but mostly of them are copy paste project .what i mean they are fake or scam wherein they copying a good project only just to convince participants easily . Such the design of the site and all the good things that can be found in some legitimate projects. this is very common strategy now and reason why the number altcoins is keep growing because after scamming.they will disappear and will come up with another project with new name but the same patform and strategy. So we need to be careful on this kind of modus.

Good point. If there weren't any people investing in shady projects, there wouldn't be any of these projects at all because there is nobody to sell to and dump on. It's the basic principle of supply and demand.

Most of the people who are pouring money into these projects are purposely gambling.... they buy a basket with a dozen of these projects hoping that one or two end up exploding in value so that they 10 or 100x their money.

If tens of thousands of people follow the same method of investing, shady projects being truly worthless suddenly manage to earn millions for creating a token out of thin air. It's ridiculous.

Profits are the main reason why investors like to participate in this market and most altcoins are just a tool to help them make money so the coins available in this market are usually not worth the investment. I always analyze a lot when investing and always choose only altcoins that can help me make a profit in the short term because I do not have much confidence when investing.

I think it's best that you only find ways to make a profit during this time and do not hold for too long because the risk can be very high. I personally choose only good coins to make a profit and always set the price to sell before buying.

Yes, there are many coin listings in the exchanges which have no value, but as an investor, we have to choose them wisely otherwise, we will end up in loos. My suggestion better invests in the old coins which are actively trading in the market. New coins which are listed in the exchanges might cannot able generate volumes until we developments from the company.

It is undeniable that too many altcoins are circulating now and sometimes do not have clear objectives. For some people, they make altcoin just to enrich themselves because it is clearly visible after the project runs and after getting the profit they run

Indeed, altcoins are just a tool to make money in this market and creating a new altcoin takes a lot of time to implement because they need to build a community and always find ways to attract investment. I think investors usually only make a small return on their investment, but those who make the coin can make millions of dollars if the coin is of interest to everyone.

There are a lot of very good people in the field of creating a new coin because they have so many good strategies and always think very differently than others so they are the best in the market.

I'm not surprise to see that scenario since  for the love of money there are people  will take advantage of the fame of cryptocurrency for scamming purposes and we should be careful on new alts since for sure  in 100% created only 5% of them is legit and it's so hard to find them.



You will only see the positive side  on it if you are a trader and doing a 1 hit run trade on them since  for sure  you will earn 50% to 100% profit gain since mostly of them when listed get dump and suddenly pump in short time period.

each platform needs validator and that's a must. But this is what i can call that as the disadvantage of the decentralized thing when something that we called it as a smartcontract can't be controlled caused by the blockchain itself already made it become a native protocol. Almost all of them don't have objectives because until this time most of them are securities. Just hope the smartcontract platform will give more restriction.

Of course, I agree that for each project you need to have an appropriate platform with good technical characteristics, such as erc-20.  But I understand that Ethereum will not be able to serve the entire cryptocurrency market, but there are Ethereum competitors like the throne and Stellar, for example.  Nevertheless, in the cryptocurrency market there are still a lot of altcoin that will not be able to survive, since they cannot be of interest to users.

well, i dunno must say what , since for me , too many altcoins its not look good at all.
when a altcoins die suddenly , that mean money on marketcap has gone, and people have lost their trust.
or when investing project stuck or even die for no reason.
but well, since creating a new altcoins is a free for everyone, common cases like this seems cant be cured.
now it depend how we think about it, i believe 80% of altcoins will be die as time goes.
and on that time , i guess ICO/IEO not intrested anymore.
to make it happen fastly , stop looking for a new gems, no more lambo,guys.

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto currency concept so i think the problem should not about the constant new Altcoins that were introduced in the market but some people that are creating new Altcoin projects just to steal from the people.

We can't control that part as this people loves to take advantage of quick benefits. This types of developers are the one who keeps showing and selling ideas to investors who intentionally here to gain profits but instead, they are the one who are being victimized. If you are aiming to enjoy your investment stay, try to focus with older project that have good support from the community and have a good developers behind.

many altcoin, many choice. old altcoin die - then come new one. bring new innovative or - renew the old one. repeat.. and till a bunch of altcoin around us.. who can control it? nothing!
but only promising project and have a lot of potential that will survive. its will back to who involved around, its mean... us!! community!!

No that's no exactly the current market situation because nowadays investors are shying away from ICO and anyways most of new ICOs are unrealistic and just there to scam investors of their money and bounty hunter by wasting their time. There needs to be a KYC for all the new projects which will keep the scammed away.

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!     

if there are new coins with the same ideas and concepts I will choose coins that have been traded with a more tangible development than investing in a new project that will not necessarily have a good market. there are many altcoins but if they manage to grow their community it will be good for the crypto market. but if only fighting over communities and markets with existing projects, it will be the same and not have an impact on increasing trade. new projects with new altcoin should be able to attract new investors and that will help the growth of the crypto market.

ICO is often abandoned by investors because it often deceives many people, but there is also a successful IEO and entered the market, but after that the developer fled because he brought investor money, is it the same as ICO? It's hard to disappear a cheater from this crypto world.

This is true and we can't deny it. We, unfortunately can't stop the cash flow and since blockchain gives so much freedom and money to individual pocket is increasing.

But it is about freedom and rights to create new project. Regulation to control it, is also highly arguable.

The crypto investors are not totally back off from investing ICO and new IEO project but investors don't trust much in ICOs cause it not all new project that are neither unrealistic, purpose to scam investors nor bounty hunter are wasting their time.
I believe the problem is also from the investors and bounty hunters end because they are recycling the same strategies used when crypto market is scam free when they needed an outstanding strategies to out smart crypto scammer while bounty hunter needed the knowledge to choose quality project.

Investors are not really responsible for the existence of those awful coins, the ones that are at fault are speculators, speculators do not really care if a project has a future as long as they can make money with it, when scammers realized that speculators only care about money they began releasing hundreds of coins that do not really bring anything to the community, then the only thing they needed to do was to wait for one of those coins to become popular and become rich themselves.

totally agree with that
but thats how humanity works.. everyone wants to come and do it with something that he created
there are many new projects that are there just because business men dont want to come with investment of their own, its easier to create something.
thats how the world works and have to see the beauty in it .

Ahhh. Devs gotta eat too, you know. Even during the early years, there were a few projects which had zero-profit, contributing developers. Guess what happened? They quit because they cannot code for free forever - also their focus were not concentrated which meant longer periods between updates. The most successful projects were always the heavily funded and community supported.

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental  !

This is the nature of the crypto market and we need to accept it. Because fraudulent projects are difficult to raise capital on the stock market (IPO), so this is a good environment for them to scam people easily.
If the government intervenes in the market, I believe that many manipulated organizations will flee and the market will easily collapse.

Most of them are based on ERC-20 tokens , it's because creating an erc-20 tokens is easy and free. They just have to submit a form and create their own token.
This is like double edged knife for crypto industry because, many great idea from people who has no money want to create a project can be realize, but also people can make a fake project and their intention just for scamming people is easy to make.

Although it's quite easy to use ERC-20 tokens seem too easy, making it valuable to the market is the difficult one since you'll need to register it through the exchange and for your project become more popular, you'll need to register it to coinmarketcap in which you need to supply some of their requirement.

maybe because it's very easy for people who are not responsible to make fraud with it because there are no institutions or regulations that are binding in the law and it is used for people to make fake projects and lead to fraud and many investors who are disadvantaged in my opinion it's better to use altcoin which already has a ranking crypto market

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

In crypto platform number of trust worthy projects also available in the market. But peoples are only concentrate the booming projects so how it will dump continuously is hard to said. So scam projects was reduce the people trustworthy and it will affect the some altcoins. I always concentrate the huge volume altcoins so those follow the same format it will make good profit.

Common man don’t be so serious about them because new project is such a stupid thing to tackle,as you have seen almost everyday there are projects coming out and what’s next?another victim of scamming is shouting?lol stop listening and reading about him as I have stopped checking the ANN thread section and the bounty altcoins as well because they are not part of crypto community now instead those section must be deleted for victimizing crypto investors and hunters

I don’t know what the government are still waiting for to establish a regulatory body for this since they too are already picking interest in cryptocurrency first from the digital asset of it, if they really want to benefit more from cryptocurrency too, they need to be able to provide adequate security for its users now that it concerns them, because whatever affect their citizens fund will also affect the economy of the country.

All of these altcoins that we see in the market, majority of them are the ones that really have real use case, while many of them have nothing to really offer other than to provide a scamming project that looks genuine to milk money out of people’s pocket. Investors are the one that need to just be smart about investment now.

Iv'e seen also in the telegram after the project has done they are always complaining about the rewards. But instead of complaining must better to leave early and it was waste our time on there if no one knows listening or reading our comments and sometime they shutdown the group chat quickly . Ill think its our fault also on why we participated in such a scam project have fully scam us in the end. We are the same i'm just stop reading some project or annthread cause its like all the same platform.

Avoiding fraudulent projects on crypto is actually also difficult. although sometimes we are maximized in finding projects that we think are good but often also when time goes by the development that they do is apparently not acceptable to the community ?. this also includes projects that fail. their products do not go according to expectations and inevitably prices will also decline.

Everyone researched carefully when investing but could not avoid risks in this market because altcoin this year will not help investors earn good profits. In fact, hundreds of altcoins are launched each year but there are only a few projects worth investing in so you need to consider carefully. For me altcoin is just a tool to make money in the bear market because even if the ecosystem of that coin is good, it will not help me much in my life.

Isn't it funny? We want to be free from centralized government and that's the reason why we use bitcoin, altcoins and other blockchain products. In the other side, we ask for a regulation for centralized government to help us avoiding scam projects.

Simply a sample of contradiction of his statements or ideas.We love for some security and legality but come to think
that crypto is created for sole purpose of decentralization and anonymity but we cant really deny in exchange of its
flaws when it comes to security into its supporters.Scams are inevitable but somehow there were services who do
tries to track to those people who are involved with it.

I totally believed the above user doesn't know or understand the major reason why cryptocurrency was first implemented and aside from that allowing the government to issue a regulatory body for the crypto sphere will make things worse and every crypto holder may run into debt either.
Meanwhile, we don't need any regulatory body but the crypto investors need to wise enough in selecting coins once that's done many shitcoin owner will exit the market.

The gift of freedom is usually abused by humans. That's the state we are now. Funny enough, regulation will be the most tenable way to decimate proliferation of useless coins and developer scams because once they do, they will face jail terms in US and China courts. But then, the fear remains if this single decision will not defeat the purpose of bitcoin and cryptocurrency

The altcoin comes into cryptocurrency to help people to make more bitcoin. They trade with so many altcoin pair bitcoin, and if they are profit, they will make a profit in bitcoin. But the altcoin still far away to be used for our life and we could only invest in their project.

So, we cannot deny that there are hundreds of altcoins that appear in the market, but we can use the altcoin for making more bitcoin.

Altcoins are really a lot. But very few promising. I think that now you should not rush to invest. Because only experienced investors can choose from such a large number coin of good coins.

it's not.
It's not a problem when those are asking for the regulation and this regulation will be implemented for ICO and IEO. There is no need for this regulation to be implemented on a native blockchain platform.
Again, regulation will be applied for the team who will be interesting to run ico or ieo and this should be the case.

You're right cause only experienced crypto investors have the knowledge of choosing good coins but accumulating more than 6 to 7 coins is not a good idea even for experienced investors cause they also need the time to manage and study every posed by the coins they are holding or else they will loose their investment.

You do not need to ask the government to regulate the market, they will do so on their own and they will be regulating the market in the name of avoiding scams but the real fact is to monitor every flow of money into the market  :P. Bitcoin created a new market but the rest of the altcoins just copied what bitcoin started and created something on top of the block chain and the top coins will survive and the rest will die off.

most of altcoins have their own purpose, for example:

1 Privacy : Monero, Zcash, Mimblewimble / Grin
2 Banking : XRP, Stellar
3 Gaming : Enjin, Wax
4 IoT (Internet of Thing) : IOTA, vechain,
5. Distributed Computing : Golem, MAID, Storj

it is made not to make more bitcoin.

You raise some good points but you are assuming the best of those creating those projects that have no future, if they could improve something in the bitcoin code then they will do it but they cannot and they know it, they prefer to create a coin that supposedly solves a problem but that is not right.The truth is that many of the issues of cryptocurrencies cannot be solved by injecting more money to the market, this can only be solved by people like satoshi that have the knowledge to fix what it is wrong with cryptocurrencies.

in fact, it's very good now to develop existing projects but this is project slowing down because of the large number of people investing in new things. however, I agree with the opinions of some people on this thread, who say that the current development of cryptocurrency is not only seen as a decentralized technology with p2p delivery, but now people are more focused on utilizing this technology to their advantage. So, because of this people are constantly monitoring new projects, and some of them are stuck on fraudulent projects.

I blame investors for their lack of sensitivity, if they were sensitive to the crypto sphere, they will already know that people are now turning the cryptocurrency space to somewhere they come to just generate fund without having anything solid to actually offer the public or have a product that we will really be sure of making their value to grow.

People are free to do whatever they want to do and they will always take risk to create project even if they know that the project is not a good one, but because their main focus is just after the money, they do not bother if they are to support existing projects or not, but when investors knows these project already, they still allow them to keep growing by investing their money, so are they not the ones to be blamed?

Well, I don’t think that it is even my main concern, but my main concern is even about the government, if they are willing to give regulation because they might deliberately be ignoring all these challenges that people are facing so that we can get fed up with cryptocurrency ourselves and dump it rather than them abolishing it, wherein regulation is the main thing that we need to really solve all these challenges with people that are abusing the opportunity that we have here to make use of cryptocurrency.

If we can get regulation from government, it will really create a peaceful and enabling environment for investors to utilize the full opportunities available to them without the fear of someone scamming them or hacking into their wallet to steal their money.

unfortunately it does not necessarily have anything to do with experience.
even old rabbits in business fall for false promises. of course there are many
alt projects because the temptation is very big to rip people off. as long as
there are people with bad intentions and additionally people who dream of
rich over night it will stay that way. :-X

Altcoins are often not trusted by many investors this year because the current investment trend is focused only on the top 20 coins so other altcoins will not achieve any major growth. Currently there are many investment options for everyone but it is best to spend more time researching because altcoin is always considered a risky investment and often easily collapses if the market fluctuates.

On point and this is where do these scams do still exist nowadays because of those greedy people who do just like to make or earn easy money without even

thinking on the possibility of being a scam.They are being blinded by their greed and in result its been used by those scammers to take advantage to those people

who do have this kind of thinking.The cycle continues as this market involves out money yet even its hard to accept but there would always those guys
on having this mindset.

there will be no scammers if there is no possible victims,the problem is people here knew already about the risk but they stay trusting scammers.

no i don't want centralized for regulation because government has nothing to do good for cryptocurrency

It is just unnecessary competition that is making majority of these projects to start releasing their coins because I see no sense in creating a coin that people would not demand for, and if we study the number of cryptocurrency users that we have, we will find that these project are just too much for them.

The real people that should make the project work are still yet aware of cryptocurrency, so what those companies would have just done is to partner with majority of these top coins, most especially bitcoin and Ethereum, and if they had done that now, I am sure that the world would have known about cryptocurrency faster than it is now, because these lots of project would have created an awareness in their own way at one point or another.

Most of these new altcoins are so unnecessary that it is ridiculous. I have seen ICOs that no one would have bothered to even talk about, much less create, if the crypto wasn't so popular as a way of earning money from gullible investors these days. CoinMarketCap has almost 5k coins listed these days, which is twice as many as there were a year ago. You are perfectly correct, it is way to many, with unoriginal ideas, bad tech, and no use cases for most of them. However, I do believe that like 99% of them will fail in the next few years. The only question is will the new ones replace them? Will altcoins just keep popping up, pumping the number higher and higher, or if we can finally drop back to some normal number of good quality projects?

No one can take risks when investing in new projects because the current market is very difficult to predict so it is not good for our profits. I think anyone is afraid to invest in this market because this year is not a good year for people to make money. In fact, an ICO is an investment that will make you spend a lot of time waiting or worse, you will lose all assets when participating in ICO.

99% is little too over, there are still good altcoins to consider to invest especially ieo cuz u just need to do more research and not to greedy to blindly pick ieo and not doing research, altho most of them will reward u less reward than ieo phase.

It is true that every day tons of projects are getting listed here or on various rating websites. The reality is very tough and only a small part of all these projects will get listed on exchanges and even a smaller part would be able to keep the price stable.

in the first days of bitcoin there were lots of coins created as well using the same concept using own blockchain. no expected collapse happened. and when Ethereum came, there all of a sudden developers came all together to use their blockchain like leeches some of those tokens still lives with good prices today. its not like there is the need to control of all these as freedom is for all. any scoundrel can create coin but it is up to anyone to find out whether project is a scam. this is why the forum is full of advice as well.

if I look at ieo right now, the price is minus than the initial launch price. so ieo is not a guarantee. but it's true, ieo is good at the beginning of the phase, at least we can get ROI 2x. IMO, a good altcoins is top 10 marketcap, with a good project and have a big volume.

You said no one can but the fact everyone must deal with all of the risks before investing in the new projects. This time is not so difficult time to predict compared when we are at 2018. If you are saying anyone is afraid and why those people are still investing in IEO? What they need to deal in a better way than ICO and that's the main point.

with lots of alts in the market it only means that we have a healthy environment unfortunately most of alts in the market has not gained a good attention from the investors. I guess it is better to conduct IEO or ICO when the market raises to get the attention of the investors.

I think ICO/IEO is only for new startup projects because most of these are coins that have no clear value so investing can be very risky. In my opinion, it is best to choose the top altcoin investment because this is a very safe investment in this market and will usually tend to increase if the market has a major improvement. Before investing, you need to research carefully and choose the most appropriate time to buy.

It is undeniable that they share some of the blame, in many countries before you become an investor you need to show that you have a very high amount of money saved or that you have the ability to earn a lot of money each year, this market allows almost anyone to become an investor and this is great but it is also a disadvantage because many of the people that are investing their savings in this market do not really have an idea about what they're doing

we all know that investor aims to get more money by investing
and in 2017, many new coins were successful made investor multiply their money, that's why investors still invest on even shit projects
i think it is normal behaviour, investor would be conscious and not invest to any shit project anymore, just time matter

Yes there's a lot of altcoins and have many choices when you are going to invest on it.  But for now maybe choose what to buy because some are not really good to hold and some are good to hold so it means the popularity of altcoins are become wide to those investor but i inkow they can choose well before they are going to invest or buu it.

IEO should only be conducted because this is the best way to ensure the safety of investors and if listed at a major exchange, the project will certainly receive a lot of attention. I think IEO is new trend in this market and is attracting a lot of investors around the world to participate. I have been involved in 5 IEO projects during the last 7 months and there are 5 IEO projects that help me to make a very high profit so consider investing if you have a large amount of money.

In fact, startups are still happening everyday and many people still use their capital to invest to create cash flow. But what matters is the way they choose projects. You can decide whether or not to invest in a project, no one forces you.
I find that having more startups will be more interesting and beneficial to the market because it always creates value for society. But certainly not every startup is successful and our job is selective.
so we need to have a flexible and alert brain to analyze before investing in bad projects.

Too many "blockchain based" project nowdays for a quick pump&dump. A lot of potential in the new tokens but you have to find the right one.

It is because we don’t have regulation that we are having so many ridiculous altcoins in the market and if there was regulation, I am sure that not more than 200 coin would have made the list and seeing all these over 3000 coin with many of them having no real use case is really confusing lots of people.

Imagine that a novice comes to the market now, and then decided to invest or make use of a cryptocurrency for the first time, and then with the little knowledge that he has, he picks any of those coins to use and ended up getting disappointed, how would he be encouraged to continue using cryptocurrency, and that is how we keep losing many interest. It is not about researching on projects for now, but I think it is about looking for how to get rid of those confused and confusing projects that we have in the market.

 it all depends on us, it looks like if investing in a new project and it raises the benefits of the problem, back again to ourselves to choose the project that issued the coin / token. once again be careful and understand

Unfortunately, nobody wants to invest time in a good research before making an investment. A lot of people are losing money because of this fact, but it seems like they do not really care, because even scam projects are collecting enough money.

that's what I said before. be careful in investing, lack of understanding will have a bad impact on us, there are too many ICO scams in this crypto world. to avoid negative effects, perhaps being able to invest in coins that have a clear filtering in the market might make a better choice than investing in projects where the origin is unclear.

There are so many projects that are not strong enough, basically trying to raise money from investors on behalf of crypto and altcoin, why only projects, I think it's better if ICO or IEO are run not just startups but also companies that are already running like the Shark Tank event on TV

yes it is better, and the ideal situation will be when people realize it.
right now people are hyped so they make projects on their own to make as much money as they can
in the future there will be few huge projects that have many usecases and utility without additional tokens
so people will work to make the existing protocols better and get paid for that
it will not be that easy to make a new competitive protocol because the existing ones will be so evolved that making a new one will cost too much and people won't buy into it and wont fund it.

That is why kodtycoon said that investors mush have good knowledge

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Imagine if there are no stupid investors, so the shit project wont grow. it would affect, no new shitcoin in the market.
the must important thing doesnt invest in new project, but just invest on new good project. both are different

There are a lot of reasons why a scam project is able to collect so much money. The main source of the wise scammer is social engineering which suggests using tricky methods for scamming the novice investors. If the investor is impatient and has no time to make decent research before thinking about to make an investment, the chance of being successful drops below 50%.

Getting rid of those stupid investors is impossible yet even we can say that there are already lots of them are wise enough
there would always those kind of people whose greedy which would continually support shitty projects.This is why we do see continous
ICO projects nowadays yet they do know that they can still extract some money out of those people who do continue to feed those
scammers.People never ever learn until they do burned out their wallets.

how can investor grow but there are no successful project? what does it mean?
it is a contrary statement. investors grow then projects (including shit project) grow too.
beside that, there is demand there is supply too, it is a business works

No, there is almost no potential in any of the new coins, if the new projects were full of new experimental coins that may not last long but that actually were trying new ideas I can assure you the altcoin market will be full of investors trying to support the developers to their best of their ability, but what we see is a bunch of talentless developers creating the same coins over and over again, if you want to participate in pump and dumps be my guest but no investor with skill will invest in those projects.

Investors will not grow if they don't see a potential to invest in the market.
There are a lot of scams, that's already given but these coins that are legit and has a potential are what we are investing.
it doesn't matter if there's a lot of scams as long as you know how to choose the best coins in the market.

But there is no project if there is no investor, they are raising money so basically they need an investor to trust them.

Trying to understand what you mean here is a little bit very hard for me, because I dint know why you are putting all the blames on investors and the reason why you have probably not been scammed in one way or the other is because you are more on a hunter and moreover, let us look at it from your own side too, as an hunter, is it every project that you have done that has been successful? Does that mean that you have been stupid too for the projects that you are have been engaged in too?

We all know that it is not so easy for everyone to actually be able to know some of these projects and be able to pick the good ones, except maybe you want investor to totally disregard the ico market completely and not invest at all again which you know will definitely make the market have a daunted growth.

The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.

Sometimes it becomes a dilemma with a large choice of coins. almost all of them have the same goal without the benefits that outperform other coins. but the development of many Altcoins cannot be prevented. sometimes some founders may have several projects, however the way they differ in the promotion. this all became a chain in the crypto world because more and more people competed to create altcoin automatically many new exchangers would appear. And that's how they survive in making money in the crypto world.

it is indeed difficult for new projects to dominate in the market, especially for new projects that have the same concept as existing projects. maybe a new project will come alive if it has a great appeal from the community, in the concept they have to excel or not they will only add to the list of useless coins

I'm thinking something, without so many new alts we wouldn't have fun, don't you think so? Now everyone is free to create alt, its easy, even easier if you plan to create some token. People do it all the time, and most of them do that just to scam people, but I like to believe in hidden gems, alts with real meaning and future purpose. This market is getting shaped all this years and that process will last for years, we have many alts, and I believe we will see many more of them in the future.

I cannot deny that it can be really entertaining to watch new coins and see how they develop, but lately this has been getting kind of boring, developers are not really putting too much effort in their coins these days, it is as if they know there is no chance their projects will become a success and they have decided to use them to try to gather all the money they can and then forget about them, in the past I supported the huge number of altcoins thinking something good will come out of them but now I have withdrawn that support since I do not believe that anymore.

Agreed, more and more altcoins with realtime usage will reach the market over the falling years. Same as mentioned very few altcoins come with minimum viable product, while majority ico project gets tokenised. This is where projects go as a scam, because without any backing the investment is being requested. Further they can't give any updates on the project.

All will also try not to make the wrong move to join / invest in new projects that are not profitable but the problem is they are smarter to be able to fool many people into joining. obviously he wants to join a good project but now it is standard that the project must be good, very difficult to determine. then no wonder there are still many who get caught up in scams.

Yes, that is the current state of the crypto market and scammers realize the potential and continue to create bad projects. This stems from people who have been in the crypto market for a long time but not richer than those who participated before 2015. They are always motivated to invest in profitable projects x1000 and the result is being knocked out by greed. It seems they need a lot of failures in order to become a smart investor.

New coins in this period often do not receive the attention of investors and that makes some projects crisis and if not specific strategies, that coin is only shitcoin. This market is very competitive and this year more than 90% of altcoins are wiped out of this market so think carefully before making an investment decision because no one can guarantee your profits.

If a coin is any good you can be sure that investors are going to put attention to it but when so many coins are scams or do not improve anything that bitcoin does it is completely fair for investors to ask themselves why they should invest in those coins? And they very quickly come to the conclusion that it is not worth to take the risk to invest in those coins when they have so little chances of surviving especially when it has become common knowledge that most icos for some reason or another have a high chance of failing.

majority of newly created altcoins  now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting  out and not putting money anymore thats why the real victim is the market and not those individuals.

Scammers will change their strategy and come up with convincing projects but now a days people are aware of the scum bags in the market as there are plenty of scam projects and majority lost their earnings to those scammers and none of the early investors will invest in any of these projects and hence many of the projects die off from where they start.

you got it bro , projects that appears everyday are scam and just collecting money from investors then ran away, scammers will again create a new project with fake identities just to collect money and ran again.

no you cant risk duplicating a question if you will only know how to use the search function of the forum  .
if people knew that these new cryptos are going to be unsuccesful then why would they still pay for it  ? will they repeat the same mistake over and over again  ?  surprises are better  than boring but this junk cryptos can sometimes be the reason for the market to collapse  so be careful what you wish for .

This will be worst experience if we invest those project that want is to scam to those investor that have no experience in investing. So that's why many project are fake and make some coins that have no value on when the project run away or disappear in not time. So those who invested will be cry for losing their money. We all know there are lots of altcoins but one them are not worth to hold or trade.

In fact, the investment is also quite good and bring a lot of profits if we choose the right project. You are only talking about bad projects but there are also many successful projects such as Matic, Rune, Bittorent, ONE, ... so our problem lies in investment experience. You know, in this bustling market of manipulation, a colder head is needed than in other financial markets. Don't blame it, there are still many successful projects out there and your job is to find them.

   I think it's a good thing that we have so many alt-coins. More alt-coins makes everything more interesting, they are
reflection of crypto-currency growth, more alt-coins, higher competition, better results in the end.
   But not all alt-coins are good. Many went to zero, many are going there, just the strongest ones will survive this
hard competition, and the ones that survive will be here in the future, if I may add with much higher value then they
have now.

I used to hear a comment that the more altcoin the better.
but the fact is that altcoin is currently difficult to get up and dying, I think more and more altcoin will be destroyed and abandoned.

That is only a few out of literally thousands of altcoins out there. The problem is, the source code is public and anyone can go in and change a few lines of text from the Bitcoin code and make it look like a new coin. Most of the projects aren't worth the trouble of even downloading the wallet(sometimes even that has a virus in it to steal funds). Unless a project brings something new to the world right from the get go, I usually try to avoid it.

We do not wish to have this lots of altcoins where almost all of them are worthless or not potential in the future.
But due to the popularity of ICO, lots of people with ideas try to raise funds and some even try to use fake profile just to scam investors.
In short, they are taking advantage of the market which is not fully regulated yet that's why the scam rate is really high.

Expect more altcoins by next year as we are near the crypto adoption. If cryptocurrency will be allowed in every country then altcoins ,tokens will be trippled in numbers.

Thank you, this statement nailed what is going on in the space on the head. Just look at Bitcoin, it was developed by unknown developer, no ICO and left the project to others and allowed the market to put value on it, what do we have now, ICOs for diluted ideas and greed from VCs have even made it worse, they do not care about project, provided their return is sure, they then dumped their tokens on small traders

The ease of crypto creation making a double edge for crypto, in a bad side there are many scammers are making fake projects many times and keep scamming new people eho just enter crypto, but in a good side there are several people with a great idea could make a realization in crypto without big capital, so these kind of projects will be big in the future

Without proper research and studies the project that you'll going to invest with will let you lose your money. You need to be specific with the usages
of the project if that certain don't have any target venues or any help it will be another coin that will be forgotten. There's are many coins inside this
industry and most of them was created to grab advantage with investors who doesn't have any ideas with this industry.

We can ser that a lot of altcoins are popping-out-of-nowhere and they are usually worthless just a copy-cat from another project and they just changed a little bit so it will not be recognize by someone. And also new altcoins are really for making mney and developers taking advantage of people who are new to cryptocurrency world which means they can manipulate them using a promising profit in judt a year after it get listed which will not gonna happen.

And to avoid getting new altcoins being created we should not entertain and invest on theit campaign.

Its not fair not to invest on a new coin especially if they are good enough to stay in this market, its just like we are not open anymore to any ideas. Yes there are so many copy paste project but still some other coins have their own unique system which I believe can be a good opportunity for us to buy. New coins means new opportunity for us, just be careful on choosing those new coins before you invest.

I get your point, but if a person is losing money because he has been scammed then he's a victim no matter how you look at it, but the point that you bring is precisely what I think that the market of cryptocurrencies has slowed down in such a dramatic way, during 2017 it seemed as if the market of cryptocurrencies was very close to reach a breakthrough and that we will reach the goal of cryptocurrencies of being used everywhere in a very rapid manner, but the huge number of scams have decreased the enthusiasm of people in this market and it is why it doesn't recover.

thats a good question
thats actually the main reason why i like Zcash and Cardano
Cardano will be a platform that allows you to create tokens, but the ADA coin itself will behave as a currency and as a fuel (like ETH and others)
the intention behind ADA is to make very operational and to build options for the coin itself instead of building tokens on it
there are already many projects that build options for ADA (watch dlab/ Quanterall/ emurgo/vacuum lab and more..)

the same thing goes for ZCash
Tron, ETH,ETC and other projects are going to use Zcash on their blockchain , instead of building something of their own which they could easily do.

Sometimes expectation will be more if you choose the coin wisely because the price of a coin will increase very quickly. So we have to choose the coins wisely which is unpredictable because the market suddenly increases and has a huge chance to increase the prices hugely.

For now analysis, and luck maybe really affect. Because if only do analysis, sometime not help us to find good project. And with luck, maybe we can find project that maybe underestimated by people but really give big profit for us. Or mayne if want to safer, better buy coin that already in market.

if large exchanges like Huobi, Okex, Bittrex, Kucoin and Binance launch IEO,
maybe you can buy them the risks are small.

I have no doubt why many people are skeptical with new crypto coin
bcz most of new coins is just a shit coin, they already lose much money investing on the shitcoin

But, we cant generalize that all new coin is a shit. there is few new coin which is good.
So, The best thing to do, just be careful before investing.

There are more altcoins are destroyed already since the developer of the altcoins has gone, So this will become a shitcoins in no time. If have new altcoins has come and some old altcoins have no value will be gone also. I have that kind of altcoins in my wallet and Im not sure yet if this will be good to hold it because when I look at it they are become a trash or maybe shall I remove in no time.

Yes, too many. Before investing anywhere be sure to investigate the project to the bones...and even then. Would suggest investing in top50/100 first and then moving forward. My fav alts atm: XRP, LINA, NWC, XLM

Analysis of the current projects will not lead to the satisfaction of the investors due to the stated reasons above. Buying now is not affordable, the last downtrend wave can change the market atmosphere before the real bull market. Sometimes having the right timing helps the investors to make minimized risky trades with maximized profits, lack of right timing skills can cost a time&money. Buying the coin in the market is a good decision unless the market is in bullish mode.

Yes i agree there so many altcoins and most of them are not doing nothing that can bring attention and people to invest on them, are here just to take some fraction of whole crypto market.

its clear to me now that even if you make an interesting project it wont get so much attention like in the past
you have several new interesting ones with 5 million marketcap and barely have followers and attention
i think that the market starts to mature and the bunch of new projects popping every week will stop

With so many altcoins in the market we have to assess if we have plan to invest. Actually some of the altcoins just not worthy of our money. Even in my wallet it just a display no value at all. Many projects created and people should not trust easily when investing.

Having those altcoins may confuse us in which there are also useless altcoin. I would say much better to study more time to find a good coin that can give a huge profit in the future. Also, it may also refer the support of many users as well as the advocacy and objective of the kind of altcoins. I believe soon some altcoins will pump as it will relying the value of bitcoin in the future.

It depends to ones investor how they will be able to see this altcoins and if they will get the opportunity. But for me it is all about the profit lets get into the point that nost of the new projects are introduced and intended to make money. The next is on how they will be going to pursue the project since we know that crypto is not stable so there is a higher possibility failed if they do not spend the money well or take advantage because they already have the money.

The higher possibility of failing is still actual due to the lack of swimming skills with crypto whales. The bleeding altcoins don't go over their average MA value after the previous bull market and conditions is not easy for project to continue their development. The low value of money is another side of problems because the collected ETH doesn't have the same USD value in the token sale.

I think that every developer (at least at the beginning) believes that his idea will succeed. It is true that competition is currently very high, but it is competition that drives development. There is no doubt that most projects will fail. There will be no money for development, the developer will change his mind, the idea will not appeal to the community or it will just be a bad idea. The cryptocurrency market is just at the beginning of journey and many developers also want to enter it. I think there is still room for new ideas. It all depends on creativity and commitment, and a bit of luck.

Totally true. There are lots of existing crypto currency coins (Altcoins) in the market which most of them are not really necessarily existing at all because most of those coins are just alike from one another. They just add up some sort of unique promotion or feature just to look new and innovated but the truth is that it is the same thing. Existence of most crypto coins nowadays are just primarily for the sake of earning money just like what you have said that the usage of the latest or innovated technology is set aside because many people only focuses on earning more money rather that maximizing the feature of the coin into variety of things that it can be usable since they are just want to purchase then get into trading to win back what they have spent that is why many projects have sprout offering great values of coin than the main purpose or usage of it in society.

Well, I have the same thought, for what so much Altcoin was created, but there is no clear development and function. sometimes 1 development or CEO can have more than 2 altcoin products that are actually connected to each other. but with their alibi that the coins are mutually supporting prices to be stable.

If most coins were actually trying to do that then things will not be as bad as they are, thousands of coins trying to have a larger share of the market will be good for us because that will increase the competition and it will surely bring us better coins, but what we see in the market is a bunch of scammers that do not really care about that and they are only interested in raising as much money as possible through their ico or ieo and then disappearing with that money.

according to the crypto system. i.e. decentralized, so what? there is no control whatsoever even the growth of ICO / new projects, it can't be controlled. so investors are the same. basically the crypto world is looking for big profits in a short time. this is the current understanding of projects and investors. and as a result is fraud and investors lose. we can't control them. but we can educate them, so that the future of crypto is not destroyed.

I believe that was because of market competition but can't deny that new projects never such competitive ideas that could attract investors. Cause what I see most of newly created altcoins today are just scam, its developers never think what they could help to the crypto community but a selfish enough to think of their own benefits.

Nowadays, there are a lot of Altcoin present, it has advantages and disadvantages when many altcoins emerge. Currently there are 100 Altcoins which are officially released. It is able to continue to increase according to the existing capacity. Of the many altcoins present, not all of the coins are experiencing such rapid developments. So the coins are encrypted. I only recommend choosing the top 10 altcoins as an option.

Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better

although there are many new shit projects, but it doesn't mean that all new project is not usefull at all
bcz there are still a few new project which is really good. dont do generalize

you just become smart to find the good one, do some deep researchs is the key

Personally, I would like to see more partnerships and ways to spend the coins than I would see coin devolpments. We're at the point now where new ideas are going to be hard to come by. I think it would be best if we focused more on actual use cases for the already existing coins than we do the development of useless coins.

Many new altcoins appear, a good thing for the future of cryptocurrency, with many altcoins will be able to pump market prices back from the dump, but during the bitcoin dump, many new projects are not qualified so that many make spammers so it is difficult to choose which projects new ones that have potential for the future, if we are really careful in seeing new projects, I'm sure there are still good new projects

The first step is the bull market, the rest will follow each other. The manual intervention is impossible,e and this kind of intervention can ruin the reputation of any project before they run out of the money. The new projects don't have a better perspective compared to the top 10 altcoins. The high interest is necessary for launching the new project, otherwise, it is not different to gamble with the additional money on volatile markets, especially in the bear market.

Not really good because most of them are scam, this will make investors confuse especially new investors who don't have any crypto knowledge they will invest in random projects. So the impact is the good projects will lost it's chance to get many investors because those investors are investing in bad projects, i think in the upcoming years the rule of making crypto projects should be more strict

The said opportunities mostly turned into losses as the new project developers are scammers, they are just around creating new coins/tokens then collects funds and runaway with investors money. It's tough nowadays to expect same result from the past market like 2017, though there's some coins that still can be use to invest and gain profits but the risk is really getting higher.

Once we've entered into cryptocurrency the risk is high, we need to learn little by little out of the market changes. We can't blame the project developers, earlier too this has taken place. But that isn't talked much as the growth those projects attained gave good earning. Further if they run out of the market too doesn't matter. From those days very few projects are keeping themselves updated and developing new things while majority has took their earnings and left.

Taking the profit out of the investors and moving away is happening even in this present time period, because the investment made or the buying is done through internet and not through direct face to face conversation.

not only scams but generic projects,most of the new comers project has been copied from the existing currencies so there is nothing new and future from those because investors loves unique and original concept to become investors.
because they cannot be trusted and not profitable as well.

You are just repeating what everyone keeps saying, everyone says that we must find a good project to invest our money, have you taken a look at the market? There are thousands of coins, who has the time to go through all of those projects and see if any of those is good, I am not going to waste my time doing it because I can invest already in the best project that this market can offer and that project is called bitcoin no other coin comes close to what bitcoin has achieved so there is no point to look for other coins when I have the best investment option right in front of me.

that's related to the ICO story for this year but not so many scammers can do IEO except a crap exchange site who has already allowed the scammer to listing its crap ico into the IEO platform.
i will never expect the same result as the fundamental of the current market looks very different.

Many Altcoins can confuse but if you can educate your self with way is right and which is not then quantity does not matter. Try to find quality project then it may sharpen your mind.

Thanks
 

Sorting quality projects and pick the right one which you think that can brings up good outcome is still possible, there's no limitations aside from your own assessment. Even there's a lots of alts most of it are just created to scammed up investors money, you need to observed, analyze and  study carefully as there's always fluctuations and a lots of surprising movements to anticipates. Be positive and calm ahead while aiming for success.

lol it doesnt mean that we have to look all coins. The simpe way to see a good coin is from its marketcap. Good coin usually has high marketcap. Bcz it is valuable.

The others are just a shit and copied from the good one. Not hard at all to know those shit.

it is! there are a lot of altcoins already but every day there are new projects coming out. some of them have the potential but later on developers will abandon them as well if they already get their shares.

No, there's almost no potential in any of the new coins, if the new projects were full of new experimental coins that might not last long but were actually trying new ideas, I can assure you that the altcoin market will be full of investors trying to support developers to their best of ability, but what we see is a bunch of talentless developers making the same coins again and again,

a projects depends on how active the team members and thier dedication to develop the project to have real use cases, second is the token sale , it more effective to conduct ieo on major exchanges.  And lastly always keeping thier social media accounts avtive.

The problem right now is that most people don't think about technology and crypto progress but only think about how to make a big profit in this industry.
It's really ironic, but here are the facts.
This is what makes it difficult for altcoin to still exist in the market and always depend on bitcoin.

I also think of their concept which is actually quite good, but their post-sales ability is very low. so failure, incompetence, and deception can almost be said to be the same. The failure space of a quality new project is finally exploited as an opportunity for the entry of various fraudulent projects. I think it's time to trust only coins that are already strong enough to survive, and close the trust for new coins until the trend changes for the better.

Like I keep saying, the problem is on both ends,,, the developers and the investors. Both are speculators, both actually know incredibly little about the technology and have no intention to actually use it. Ask the CEOs of projects do they even actually use their own product (if they even have one) and 99% will even not know how to use a crypto wallet.

Ironic is not the word. Reality simply is.

It's totally difficult for me to sort the quality projects and scammed projects. I'm too careful with my investment that's why I only invest in well-known altcoins just like Ethereum and Ripple. Once you see a new project or new altcoins make sure you will conduct a study about it because in just blink of seconds it can take your money. I agree that we should always be positive especially in our investment in altcoins and remain calm because success always takes time to achieve.