95% of Cryptocurrencies will Not Survive in 2018

[Vladdirescu87]

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/

[mR.k0fka]

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% .. 

[Anton_notnA]

You better be a fortune teller,lol

[debuni]

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.

[illiki23]

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?"

[Raist]

Obviously Bitcoin is an apple of cryptoindustry. Just because it was the 1st. Who tasted it and still holding really liked it's taste.

[crypto233]

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.

[daunjuan]

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.

[DarkGoddess]

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.

[uslfd]

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.

[summonerrk]

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.

[lunafreya]

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.

[adam1230]

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.

[VarDiff]

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.

[Murloc]

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.

[penig]

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).

[Agozyen]

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.

[QFT]

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.

[uszaty43]

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.

[Irriducibili]

Lol that's a pure provocation! Crypto-market will grow by 2 times in 2018, I believe.