Way too many new coins - is this a real threat for crypto ?

[residivis]

it seems to me that it is shown to people who are experts in treading and in that way the project will go forward and earn a lot more.
then this is what all the projects do.

[nikisev]

Nah its awesome.
Natural selection.
I wonder what will become of it? Its immutable documents.
They will be just forgotten on some glacier storage in amazon?
Another strartup idea. Cemetery for coins.
Dev can donate all their coins to institution, that will store blockchain and latest versions of wallets. Perhaps with regular tests to see that everything is running.
Need to write pattent on this.

[Fancyax]

In my opinion, this number of new coins is a threat for the good projects related to cryptos. Many people will loose money and faith and will quit cryptos.

[An0nyMoose]

This is a good thing for Bitcoin because as more time goes by and more attempts of new coins marketing themselves as better, the better it'll be for the price of BTC because that means they will quickly fail while BTC just keeps chugging along as more developers around the world add to the network to make it stronger ultimately. This doesn't happen with altcoins at all.

[pereira4]

I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?

It is simply physically impossible to track all of the new altcoins that keep appearing. You would need to hire an entire team to keep studying new altcoins and filtering the bullshit from the good projects which unfortunately are very few. If you try to do it by yourself, you will see that there are not enough hours in the day.

So many shitcoins out there only make it more obvious that bitcoin is the king.

There are currently 3,812 different publicly traded stocks in the US alone. You don't have to research and keep track of every single one of them to invest in the stock market. The same goes for altcoins--there's no need for most people to keep track of every last new altcoin that comes out. I would suggest picking a few sectors that you are knowledgeable about or interested in and stick with those. The good projects that fall into an area of interest will probably stand out to you and be good candidates for further research.

How are you not going to need to invest your time researching as many tokens as possible to find a good one? the more time you spend researching new projects the higher chances you have at finding a hidden gem that may (or not) go x100 on your initial investment. There is no easy way out. If someone comes up with an amazing project it's going to remain hidden for a long time until the rest of people catch up simply because there are tons of altcoins out there, so you must put in the work to research ideally every single one that comes out, but since you can't, do what you can.

[keykey1]

The situation when cryptocurrency market is overfilled with many alternative coins can cause the growth of 3-4 leading currencies like ETH, DASH, Litecoin. These cryptos can swallow the smallest altcoins. Finally, only leaders will survive there.
I bet ETH will have more power soon. IMHO.

[inthelongrun]

I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?

This is also how I look at the current situation. I hope the support that a lot of shitcoins and shitprojects will be zero so that they will realize that crypto is not a place for fools trying to scam other people. This will also remind the future shitcoins not to be introduced at all because they will definitely fail. We are actually experiencing so many hollow ICOs and airdrops today.

[Pfizer]

I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?

It's not a problem, it's very normal. Look around there are tons of cellphone brand, car brand, restaurant brands etc.

Blockchain is a wide sector, it can't go further with limited number of coins/projects. We need more projects in the following years to present more useful stuff to the community.

That's the main reason actually.

[g4r1n1m]

in my opinion, when you dig in, there are no too many coins...
just need to find the key ones. others are just side effects

[GCP17]

Nope
Opportunity is King

[Dfinest]

Educate yourself about this whole altcoin thingy and Bitcoin basics, read the sticky topics and posts of the experienced forum members, then you'll have a better chance to sort out the useless projects when you're on the hunt.