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Author Topic: There are too many coins  (Read 9530 times)
green547
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October 06, 2017, 05:54:16 PM
 #1

Makies your head hurt at how many coins there are , new icos everyday.  The market can't support thousands of coins, some of these are going to crash and burn.

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October 06, 2017, 06:02:01 PM
 #2

It will be inevitable  Smiley

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October 06, 2017, 06:10:26 PM
 #3

There are to many coin yes, but we still need much more. We won't stop until we find a coin that solve many of myriads of problem we face in this world.

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October 06, 2017, 06:28:08 PM
 #4

please delete this thread because there is a similar thread: https://bitcointalk.org/index.php?topic=2217436.0

and see first if you want to create a new thread, whether there is a similar thread or not.

thank you

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October 06, 2017, 06:46:40 PM
 #5

Makies your head hurt at how many coins there are , new icos everyday.  The market can't support thousands of coins, some of these are going to crash and burn.

Yes, but it's not really different than any other free market.  How many new businesses are started every day?  How many new IPO's launch every day?  How many of those fail?  I don't agree some of those ICO's will fail, I'd say most of those ICO's will fail.  But the ones that do succeed will create massive wealth and innovation.  If you're going to spend money don't just read the hype, look at the problems they solve.  The biggest things I look for is: store of value, security, and privacy.  I hold Bitcoin, Ethereum, Litecoin, Dash, and Deeponion... and you can see there isn't an ICO in there.

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October 06, 2017, 07:04:48 PM
 #6

Absolutely. That's why I always support regulations about ICOs.

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October 06, 2017, 07:07:38 PM
 #7

So many of them are scams as well, you have to be very careful of what you invest in

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October 06, 2017, 07:34:16 PM
 #8

Yup this is natural with these many incoming coins. Best to do some good research and know what will be in demand in the coming months. That will ensure you protect yourself and your the bags you hold.

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October 06, 2017, 07:56:06 PM
 #9

Most of the coins and ICOs will die in a few years for sure, only the best will survive. I'm convinced that in 5-10 years there will be maybe 10% of them left, but new once will probably keep coming.
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October 06, 2017, 07:58:49 PM
 #10

this whole thing started as getting away from central currencies.  Now with all the ICOs it's actually giving the crypto world a bad rap with so many scams.
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October 06, 2017, 08:02:27 PM
 #11

Everyone is seeking to grab some money quick and easy, I mean those "developers" with "the next bitcoin or ethereum". It's like clones of a popular product, some real shitty and some decent.
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October 06, 2017, 08:20:53 PM
 #12

Really would want a Coinmarketcap list that has clear scam coins removed at least? Look at the coinmarketcap top10 list from year 2013 see any familiar names besides Bitcoin left?
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October 06, 2017, 09:11:11 PM
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October 06, 2017, 09:17:11 PM
 #14

Makies your head hurt at how many coins there are , new icos everyday.  The market can't support thousands of coins, some of these are going to crash and burn.
We can't avoid those coins, those developers that only thinks about making profit from producing those coins that are unnecessary. We should do the initiative of not investing to those ICOs and not supporting those coins. Anyway, they will just die very soon so whether they keep on making another one if they aren't serious of what they are doing that's going to be nothing in the crypto market but we can really avoid them.

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October 06, 2017, 09:32:12 PM
 #15

It has  always been like this, coins have been burring and crashing forever. Then get replaced by new ones or get revived at some point.

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October 06, 2017, 09:36:24 PM
 #16

Everyone is seeking to grab some money quick and easy, I mean those "developers" with "the next bitcoin or ethereum". It's like clones of a popular product, some real shitty and some decent.
Just because of these shit coins many members lost huge amount of money and just because of these greedy developers we have many fake ICO's and now few countries already ban few are working and regulating things for avoiding and safety of public hope we have some tough decisions and these could be stopped to scam peoples

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October 06, 2017, 09:40:43 PM
 #17

It is mind boggling as to how many coins there are out there. That's why I spend a great deal of time reading about a coin and asking questions on forums about it before I decide whether to invest in it or not.

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October 06, 2017, 09:59:49 PM
 #18

I agree there are so many coins, but this is only the begging. By 2019 there will probably be 1000s more, even if the SEC steps in.
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October 06, 2017, 10:17:02 PM
 #19

There are to many coin yes, but we still need much more. We won't stop until we find a coin that solve many of myriads of problem we face in this world.

I am concerned if  the present exponential growth in  ICOs and number of coins will have diminshing effects on the exchange value of held coins and tokenized investments.

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October 06, 2017, 10:20:48 PM
 #20

Makies your head hurt at how many coins there are , new icos everyday.  The market can't support thousands of coins, some of these are going to crash and burn.
The market is so small and that doesn't even touch million people are using the bitcoin. I know that because if all of the people around the world will use the crypto currency and that amounts look very small comparing with it.

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