Why 99% Alt Coin Will Fail? A Case Study

[trickyriky]

Today there is chaos in the crypto-currency market. There are several major currencies, but their development strategy remains largely incomprehensible. Over time, the market is stabilizing and we will see that only a few currencies remain.

[carlfebz2]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  

Good read. However, you should have included your sources. I think anyone given some facts and guides could state that all altcoins has the tendency or the potential to die out after some years. But, I would say that people had the same speculation and idea about bitcoin when it started; they were quite pessimistic about it, and many have actually believed prematurely that it won't succeed, but look at it now. I think that every coin in the market, altcoin for that matter has that potential to fail, but it also has the potential to succeed, if all factors would converge to help it do so.

In short theres no one could able to tell if a certain coin would fail or not but basing on the things listed above I do agree on those points between on failure and the success of such coin but we cant really avoid those things that there are several coins which we do saw that it will eventually fail but sooner it did boomed up because it is just undervalued or just being late to be considered.This is always the risk and as an investor intuition and research skills would be crucial.

[4luxon]

We live in the age of cryptocurrency market only starts to develop strong projects will be developed , the weak die. Only projects with technical future will live and grow in value. I think in the nearest 2 years everything will fall into places.

[Jalum]

I think there are a lot of flawed coins but I don't see 99% of ICOs failing. The market will correct itself naturally.

99% of coins don't fail.
A lot of the coins that fail just vanish after they get de-listed on an exchange website.

There's coins that did well and is still alive.

[GR92]

You describe the usual market behavior! What's the topic?

[yomarve]

You are very correct though your rating is very harsh but i can say you are on track. most of the coins i see everyday or even the airdrops are just totally not cool. they are not presented well for you to even know the coins are of a good project with good development and marketing backing.

though we are in it to make money, the founders of these projects or coins should consider offering something of value to the public for subscription not some worthless tokens which would be pumped to make money and then dumped on ignorant investors.

[novocaine]

altcoins is like the life, the important is not the meta, but the trip

[Hirameki]

You have a very good point but poot approximation. For me , many altcoins will survive because most of them are I think revolutionary in their respective industry and unique on their own way in the market when it comes to functionalities.

[hung7520]

because they are scammers. The altcoin is mushrooming

[imteaz]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  

Good read. However, you should have included your sources. I think anyone given some facts and guides could state that all altcoins has the tendency or the potential to die out after some years. But, I would say that people had the same speculation and idea about bitcoin when it started; they were quite pessimistic about it, and many have actually believed prematurely that it won't succeed, but look at it now. I think that every coin in the market, altcoin for that matter has that potential to fail, but it also has the potential to succeed, if all factors would converge to help it do so.

Bro, it was based on my opinion and experience. You know why i feel that way? i have received tons of airdrops from 100's of coin and right now all coin sitting in the wallet, but they don't have any name or N/A. means those project vanish before even they started. Anyways your experience might be different than mine.

[arunakiran]

nowadays people are showing interest on EASY MONEY rather than getting struggle to earn money. and they are ready to take the risk in their investment.
so most of the people are investing in alt coins whit out knowing about their investments.

[potraviny]

I agree alot of coins are flawed but I don't think 99% will fail, there are more good alt coins than just bitcoin and ethereum.

[oiskipoiskicrypto]

I do not think that 99% of alt coins will fail, but there are a lot of useless ones that will dry up once their ICO money runs out.

[Cryptogiji]

I don't think that 99% will fall, but I am expecting at least 50% will when the bubble bursts. There are a lot of bad coins and I guess they are only in business because they managed to raise a lot during their ICO.

To stay alive, they need to have some application, so that they move around the ecosystem.

[barhotka]

Now there is a negativity in the media, the crypto-currency market is called a bubble. People are too easy to scare and they cease to believe in crypto-currencies. I think one of the reasons is this.   

[lasry]

The main reason I know why would it fail is because the market is too saturated with alt coins now. There are too many, and a lot of projects just goals to earn a lot of money. Forgetting the sake of lasting for a long term. This reason would surely make altcoins fail. Sad thing is that most are just fulfilling their selfish desires.

[max6575]

as with the customs on casuals to work of ease on moderation with the news as intelligence on examining movesment of price with the coins, investors gains with less on request to put of risks as attaining market of exchange to collects with limit of returns at the ends.

[awazieik]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  

I believe that the crypto market is the infant stage where everyone thinks that they can make their dreams come true like children. There will come a time when people would learn the best practices when it comes to investment and ICOs will adjust because they will need to provide better value for investors.

[Blakscorpion]

It's just logic...
ICOs are new projects creation. Like in real life out there, the majority of companies will fail. There are noly one or two leaders per type of market.
There are no 50 companies like google, no 50 companies like Intel... etc
It's the same pattern for evey business model, including crypto currency world.

Only the strong main projects well marketised will remain on the stage.
The other will disapear by themselves.

[gantez]

I do also get surprised with the announcement of bounty campaigns all the time in the altcoin section.  

I don't get in a haste to sign up most times because some never keep to their promises. Moreover, some are shitcoins, if they were paying in bitcoin or mixture of the token and bitcoin, it would have been better so that even if you don't get the token, you will get the bitcoin. It will be better that way.