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

[MrFlower]

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?

[Whiplash Wally]

It can be a bit overwhelming sometimes, but it's not too difficult to weed out most of the lousy projects with a quick look at the whitepaper.

[ZaynDale]

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?

No, it's doesn't. Do fiat or local currencies are affected by threats? In. The future every country has its own cryptocurrency aside of Altcoins that is being circulated globally and every cryptocurrency are not related to each other, they're just have roles in each field and most of them were used as trading and conversion into the next Altcoin or cryptocurrency. Even Bitcoin hard forks have nothing to do with each other.

[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.

[TokenAgency]

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.

[tiggytomb]

Competition is healthy right? I don't see it as a major issue but I do feel that there are far too many ICOs now so to find the decent ones through all the rubbish can at times be like finding a needle in a haystack.

[bamboylee]

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 cannot be helped. It would be more in the future when cryptocurrency over comes fiat. Every project can use a token of their own for the project they are developing to set a brand or identity for themselves in the crypto world. It is just like a business having its own ticker used for stock exchange.

[superskunk26]

1.could be negative when too much people start losing money with these scams and decide to stop investing into crypto.
2. imo it's better to have a few good coins that start having real world adoption, then a zillion of these things who will prove to be useless

[KingScorpio]

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?

you are not supposed to find the bigger picture actually, because you cant you have to take what finds you, the world is a big place you know, lots of different things need funding.

among those are many empty scam ICOs, that are just designed to imitate businesses, but also businesses that cant deal with their goal,

bet what could be usefull is to find the bigger information hubs that investors currently use for decision making and fund distribution.

nevertheless if bitcoin cant be invested, it cant be useful, economic structures have to be kept up and bitcoin is not helpful with it.

regards

[imtav]

Fear-of-missing-out is typically a social anxiety that "others are having fun without you", but it also applies as a financial social anxiety that "others are making money without you".  You are most likely suffering from this anxiety to a certain degree (a lot of us are!)...  But you decide how much you want this anxiety to govern your life.  Enjoy the fact that you are a unique person, and enjoy your life experiences, and try not to worry about what everyone else is doing.

[btctube]

The competition isn't healthy when 3 more similar projects suddenly appear in the market all doing same ICO almost at the same time, it certainly is shady after seeing CAR token appear and then the rest also appear with different name. I can even think these projects are all done by same team concealing themselves with different facebook accounts.

[Murloc]

Without any doubts most of the coins listed on coinmarketcap are 100% shitcoins but I think that is is possible to havea lot of them at the same time. People already have various amount of fiat currencies irl so we can also have it in crypto but the competition woll be more clear.

[Drokzid]

Just ignore all those newly airdropped e scam tokens and they will disappear.

No need to even speak about them imho.

[Thanasis]

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?

There is no threat for the crypro or the bitcoin the problem is that investors may lose there investment because some altcoin price is high at the initial stage but the price will gradually decrease by the time so investors will lose their money.So we have to do lot of research before investing on the newcoins we need to know about the background of the development team of the ico because good team will produce the successful ico.

[olushakes]

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?

The same way there are so many goods in the super market trying to get your attention but you choose to go for what you were there to buy since you can buy the whole super market. Just like the cryptos in the face of the several ones competing for attention, I don't see any threat whatsoever because the ones that will stand out will surely do while the ones maintaining space will always be there, Our own as investors is to be sure which one we are putting our money in other to get intended return on investment.

[vastmast]

Just ignore all those newly airdropped e scam tokens and they will disappear.

No need to even speak about them imho.

Yes, i agree with you. Airdropped scam coins are just shits. They will disappear in a few months but too many people make money with this airdrops and shitcoins

[kryptqnick]

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?

No, it's doesn't. Do fiat or local currencies are affected by threats? In. The future every country has its own cryptocurrency aside of Altcoins that is being circulated globally and every cryptocurrency are not related to each other, they're just have roles in each field and most of them were used as trading and conversion into the next Altcoin or cryptocurrency. Even Bitcoin hard forks have nothing to do with each other.

Well, you can't say that all countries will have currencies. Maybe some won't take the risk of going fully digital and maybe others will accept some of the existing coins instead of creating their own.
Variety of coins doesn't possess a threat to cryptocurrencies, because people have chance to choose among them and thus they don't (are not supposed to) pump one single coin and that would actually be a true risk, for fast pump leads to even faster dump, after all.
It's true that variety makes it harder to choose in what to invest, but that's a problem for some people, not the market in general.

[sofakingporkhunt]

Most coins will die and people will forget about, those that are successful and have large support are the ones that will strive and be around for a long time. I do agree Airdrop coins are crowding up the entire market but nothing wrong with free money 

[sylance]

We're likely in an ICO bubble and it'll pop at some point; value will get erased from crypto but if you're in this for the long haul then it doesn't matter.  Bitcoin may not be more valuable tomorrow than it is today, but I'm 100% confident it'll be more valuable in 5-years than it is today.

Me personally, I can't wait for it to happen because 95% of the ICO's coming out don't do anything new or add anything to crypto.

[anasso]

we are in the dotcom crypto bubble right now. the most are going to die!

like the dotcom bubble few project will survive !