too much crypto coin market

[louie69]

Yes, I agree that there are many crypto coins emerging in the market and I think that it will be the people to judge and decide if such ICO is legitimate or perhaps a scam coin. I think people should understand that there are scam coins doing an ICO in the crypto market and the best thing to avoid those scam ICO's is that we need to research thoroughly before investing in ICO at least you had screened properly. For me, It is good to have many new ICO coins especially for the bounty hunters since it will be also beneficial for them to earn profit.

[dashayana]

Although I agree with you but I think it will be difficult to do it. All I know that the crypto world is a free market. People are free to do anything. If  have the capital and team work everyone is free to create new coins. And if lucky, the coins that they create will enter the crypto market and compete with other coins. If not then the coin will die and scattered. Therefore many coins are not believed and scam that interfere with the activity in investing.

[Bttzed03]

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

This would be awesome if it can be done. Unfortunately, once it's on the blockchain, it will always be on the blockchain. The only solution is to filter them out and remove them from your list.

[MinerHQ]

We cant know that they're scam or not so scam coins can't be stop.
But I want the market clear the scam also.

The market will come to know whether they are a scam or not after sometime only so by then many investors might have already invested on those coins and they will come to know it is a scam then no way these investors can recover back their losses. But as of now, there is no mechanism to detect the particular coin scam or not before they start collecting funds from the public so we should invest money only if you know the team behind that coin has got some reputation or not.

[karungbitcoin]

Almost everyday any new coin listed in the market, but some of them does not have great future and failed and make many investor loss money. This is because to create coin or token is easy and without regulation , and should each coin has aim to solve problem and unique product. Now investor should be make research  and share idea with other expert before make invest in any coin.

[idex100]

You have a point but it is kind of difficult to know which coin to remove since some are still in development or working on a viable product.Ants shares became the NEO of today.Some shitty coins today can become next big thing.

[JaoBadjap]

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

The thing is. We Cannot regulate this upcoming Coins or the existing ones.
Crypto was supposed to be independent from banks or government.
And this is abused by a lot of Fake or Scam ICO. For which, they could do anything.
And i think the best way is be careful on a personal level. its better to check those new coins. twice or thrice.

[itoyitoy123]

i think for us we just need to ignore the coins that are scams, because its an open market anyone can put their coins in the list so for us we just need to research about the coins we invest to avoid some regret and nevermind the shitcoins in the coin market that would be the best way for all of us.

[fuer44]

the effect a lot of the number of crypto in the market and also the number of tokens in the market is, the new token process that will be on the list in the exchanger is very late.

[Arsaen]

My opinion , Crypto coin market should clear those untrusted coin which is scam or those is unable to move on.
we need something to clear those coin. Am i right..

Looks like we will not be able to do it, unless there is a third party to manage it. Not an easy thing, but I think it can be done, at least starting from a place that legalizes crypto.

[South Park]

That is the risk of being decentralized since everyone else can pretty much deploy their own coin, but hey, there are also few hundred thousands stock out there or even million, some of them are simply money grab and scam without a promising future so it's basically the same.
It's just the investor that need to be a "little" smarter so that they don't get their money invested to crappy coin and choose better one, just like natural law of selection, if people are dumb enough then congratulation they are eliminated.

It is ruthless, but that is capitalism for you, look at trading for example, many people try to earn money in trading but it is speculated more than 80% of the people lose money in trading so this means that only the top 20% traders make any money and only the most exceptional traders make any significant amount of money, it is brutal but only those fit to be traders can prosper under those circumstances.