Vladdirescu87 (OP)
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December 01, 2017, 05:25:44 PM |
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The Blockchain ecosystem suffers explosive growth. According to data from Coinmarketcap just for 11 months in 2017 cryptocurrencies market capitalization grew by 1200%. Investors and hedge funds are fixing unbelievable profits, which they can get from crypto assets, and trying to divert their assets into this niche. Investors are waiting for startups, which will repeat the success of projects like Ethereum (+272397% since ICO) or IOTA (+922448% since ICO). However, the majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. Vitalik Buterin, co-founder of Ethereum said: “There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well” As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. As these 5% will be the new center of influence, their token demand will create tremendous growth in their valuation brining hundreds of thousands percent of returns on investments made on early stages. Read the full article: https://coinidol.com/cryptocurrencies-that-will-not-survive-in-2018/
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mR.k0fka
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December 01, 2017, 05:26:56 PM |
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bullshit lol the new projects that come always come with a use case and for a reason there will be more and more crypto's and they all will find some use case and some of them will be only for trading only the bad coins and the scams will die its not 95% ..
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Anton_notnA
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December 01, 2017, 05:29:37 PM |
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You better be a fortune teller,lol
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debuni
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December 01, 2017, 05:33:17 PM |
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I'm on the same wave with you but I find it normal. Many projects doesn't have anything real behind them and they are collecting money because of the mass hype. However, 95% is too harsh number. I would say 75%-80% will not survive or at least their price will fall to similar levels.
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illiki23
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Hail Eris!
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December 01, 2017, 05:35:59 PM |
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I love how people just arbitrarily throw out percentages. "99% of ICOs are scams", "95% of coins will die out". In reality we choose these numbers for psychological and emotion reasons rather than rational reasons. Reminds me of the joke: "Did you know that ... 85% of all statistics are made up on the spot?"
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Raist
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December 01, 2017, 05:37:01 PM |
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Obviously Bitcoin is an apple of cryptoindustry. Just because it was the 1st. Who tasted it and still holding really liked it's taste.
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crypto233
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December 01, 2017, 05:45:28 PM |
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Though i agree a lot of them will die off. I think 95% is a bit of a reach. Good read either way tho! I hope the ones i am involved in do become that "5%". Already putting together blueprints for my yacht.
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daunjuan
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December 01, 2017, 05:49:01 PM |
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95% fail yes, I assume you are counting all the airdrop coins then? But 2018? The alts haven't really taken off yet and the market just started to get real attention. But then again it's cryptoland, anything is possible.
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DarkGoddess
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Stars can't shine without darkness.
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December 01, 2017, 05:49:35 PM |
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Though i agree a lot of them will die off. I think 95% is a bit of a reach. Good read either way tho! I hope the ones i am involved in do become that "5%". Already putting together blueprints for my yacht.
All I see now is useless ico after ico. I so wish it want to stop.
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I Would Rather Get Lost By Making My Way Than Following One's Path And Lose Myself.
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uslfd
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December 01, 2017, 05:54:38 PM |
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Well yes indeed I personally also do not like ICO which are in reality, scams. To see a healthy long term bull market we'd have to clean out the ICO space to make sure governments do not just ban crypto altogether because they feel the ICO space is too messy to regulate.
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summonerrk
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December 01, 2017, 05:59:17 PM |
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I heard about it in the speech of Vitalik Buterin. But the fact is that he only supposed it. This is not an exact law.
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lunafreya
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December 01, 2017, 06:01:54 PM |
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It is true most of the new projects just want to gather people's money and get away with it. This is why we have so many useless coins around. If this trend continues it would not surprise me to see the situation you mentioned in 2018.
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adam1230
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December 01, 2017, 06:03:53 PM |
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people were saying same words for doge and ltc in 2014 and now they are still alive and there are too many shit coins still alive. so at least %40 will survive.
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VarDiff
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December 01, 2017, 06:10:54 PM |
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Obviously Bitcoin is an apple of cryptoindustry. Just because it was the 1st. Who tasted it and still holding really liked it's taste.
But wait, Apple wasn't a first company who made a desktop computer, first company who made a mobile phone or MP3 player. They were the best but wasn't first. Why do people think that be the first is the same like be the best? Many things that we use every day are the result of many iterations and we don't use the first prototype, because of first prototypes, pioneers, are usually ugly and inconvenient.
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Murloc
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December 01, 2017, 06:18:13 PM |
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Just open shitcoinmarketcap and you will find that big part of the listed coins have a tiny 24h volume and can be already concidered as a dead coin. Hopefully later the market will be purged but I doubt this will happen.
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penig
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December 01, 2017, 06:20:44 PM |
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Coinmarketcap lists 1350 coins and tokens. So 5% survive is 65. Frankly I don't think there are that many genuine, viable long term projects, once you take account of consolidation (How many privacy coins do you need? How many platforms do you need? How many decentralised market applications do you need). Its just like the dotcom era, many people with whimsical projects that people are throwing money at on a promise for great financial gain, but without a lot of product, or experience to deliver.
Maybe not 2018, but at some point many of the ones you know will collapse and fade, many others will limp on for years to big to go but ridiculed for their failure to achieve their promise (think Yahoo of the dotcom world). Also something new will appear in the coming months and years to create a new buzz (Facebook was years late to the online world).
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Agozyen
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Until the end
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December 01, 2017, 06:25:54 PM |
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I think you need to have a better definition of failure. Crypto is unlike any other financial instrument or business. Not as big as Ethereum does not equate to failure.
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QFT
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December 01, 2017, 06:27:47 PM |
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i wish crypto can by regulated many scam coin everyday
Many scams, that's true, but crypto is about decentralization not centralization or regulation. If you mean for ico's to be regulated then that's another point.
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uszaty43
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December 01, 2017, 06:48:14 PM |
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If you are talking about those ico's who were not succesfull, then you are right, they are not going to survive just because of this: There is no way that people can not be convinced to keep their funds in that project if it is not profitable for them.
People is always hunting money, and if they realize that they can make much more money just by holding those funds in bitcoin, they will leave that project sooner or later.
But 95%, that is pretty unfair.
You should know that there are aprox 5,000 altcoins listed. a five percent of that is just 250.
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Irriducibili
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December 01, 2017, 06:55:04 PM |
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Lol that's a pure provocation! Crypto-market will grow by 2 times in 2018, I believe.
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