1 Million Altcoins?!

[Headachez]

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days.  Thats crazy right?  Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

[Mohamme]

Yes, it is hard to follow, and a large portion of the project are lying, so you have to pick a good ioc project investment and a bounty threads, so returns will be very good.

[KTPU777]

Of the total number of altcoyns really worth attention is only 5-10%. All the rest is just garbage. Now they really come out very much and it is very difficult to distinguish from them really worthwhile products. I think that the situation will change soon and their number will be greatly reduced.

[asayoyaasa]

Yeah if we look at the number it feels so much altcoin, but almost 90% of them is eth based token and i without hesitate want to say that 60-70% from that token is just fake project, so chose wisely where you want to put your investment

[talkbitcoin]

well this has been going on for a very long time in different forms.
i believe it was harder to create a new coin since you had to do things kind of from scratch even if you forked an already existing project.
but now it is super easy to create a token! which is the reason for the huge increase in the number of them!

good or bad? hard to say. it is good for making money an done of the main purposes of this market is to make you more money!
but at the same time you are correct that many good projects will be overlooked because of all of these useless tokens. on the other hand if a project is really good, then it will be adopted in long term no matter what you put in its path temporarily.

[m.vina]

Yes, it is hard to follow, and a large portion of the project are lying, so you have to pick a good ioc project investment and a bounty threads, so returns will be very good.

Correct. You will have to filter out the bad projects. Not even all of them actually pay out bounties. A good measure would be to look at 1) their project (do they have a working product? real world use?), 2) their team (are they real people? do they have experience in crypto?), and 3) their marketing (does it even look professional?).

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[Igorgnome]

I believe that most of the projects are fake. Among the remaining most part do not get implemented and they die. The rest will be shitcoin, of which only 1-2, maximum 3 coins will rise and will not be forgotten in a few months. Who wants to play lateral 1/400?

[munareal]

There are too many altcoins and more are yet to come. They are just copies of each other with little or no difference. Most of them are intended to scam investors of their funds that is why it is advisable for one to research and do his due diligence before investing in ICOs .

[Destroyeroff98]

Only a small part altcoins deserves attention. The main thing in time to understand which currency is good and it can be invested in it.

[Valuyet]

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days.  Thats crazy right?  Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

That's why before I join a bounty campaigns I set to it that an ICO is good and legit.
One of the things that I'm going to check is the bounty campaign manager, I prefer higher ranked members because a good ICO have a good resources and will invest first by hiring good and experienced bounty campaign managers.
If a bounty campaign is started by a newbie or junior members then gonna scroll down without thinking twice.

[Valuyet]

Only a small part altcoins deserves attention. The main thing in time to understand which currency is good and it can be invested in it.

Indeed, I have experienced those days that I participated any available bounty campaigns without thinking whether it's a good ICO or not. Now, I'm still  keeping shit coins that until now didn't hit Cryptocurrency exchanges. That's why we need to check first the ICO and campaign itself before joining.

[modtakels]

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days.  Thats crazy right?  Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

The only thing we need to stop these shitcoins from coming in is to regulate the ICOs we need standards !

[Valuyet]

Yes, it is hard to follow, and a large portion of the project are lying, so you have to pick a good ioc project investment and a bounty threads, so returns will be very good.

Correct. You will have to filter out the bad projects. Not even all of them actually pay out bounties. A good measure would be to look at 1) their project (do they have a working product? real world use?), 2) their team (are they real people? do they have experience in crypto?), and 3) their marketing (does it even look professional?).

The first sign I consider if the bounty campaign and the ICO isn't good is when the bounty campaign manager is a brand new, newbie or a junior member.
Good ICOs have good resources so they could hire a good bounty managers if they want to attract more investors.
If the bounty campaign is managed by lower ranked managers then I'll better pass than spending wasted time.

[Koro-Sensei]

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days.  Thats crazy right?  Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

Thats just the way it is supppsed to be a matter of competition about who has the most influential group of people to endorse clearly and majestically their coin to be acknowledge by the people that uses crypto currency. Youll find it hard to identify which one is the shitcoin and which is what.

[saint_casanova]

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days.  Thats crazy right?  Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

Many bounties are offered very low price coin so it really not that much.

[Valuyet]

Just looking at the Bounty section here at bitcointalk, there are about 400 different Bounty programs for different altcoins just dating back less than 10 days.  Thats crazy right?  Is this many new coins being created a good thing or a bad thing? I feel like really good coins will get looked over and possibly buried in the mix. Of course some bad coins will come along and take up your time and possibly your money investing into them. But also every once in a while a gem comes out of there. It's just staggering how many new coins are popping up each day, it's really hard to keep track.

https://bitcointalk.org/index.php?board=238.0

The only thing we need to stop these shitcoins from coming in is to regulate the ICOs we need standards !

Indeed, regulations can filter out scams and useless ICOs and coins in the future.
ICOs that has a good company, staff and developers can only be accredited to be invested so that young investors should be protected.
I agree regulating ICOs and stopping the coins that's lack support.

[anindo]

Yes, you are right. It became scary to invest in new ICO. I participate in different bounties, according to statistics, 50% of them are honest and pay what was stipulated in the rules from the very beginning. The rest are just scams

[cryptogeek101]

That is the beauty of the crypto business. It is what I refer as financial conspiracy. As more coins are emerging it is our duty to select the best out of the lot with great concept development. Anyway the world is global and we have not touch 1/4 of it. Don't worry this is financial freedom the blockchain technology is preaching about. 4D level of money making!

[sparg]

Dude there arent 400 ICO . You were counting ICO`s that are finished but the discussion still goes on. You can see that the thead about eth is still populat but doesent means it is still going on.
Anyway it is true that most of the ICO are waist of money and time and it is becoming too difficult to search between them to find a good one.
I keep saying to people here on the forum to stop commenting on those threads and dont sign up with theyre bounty because this way we are prommoting scams and doing harm to ourself. I think that one or mostly two ICO`s a month are worthy for my time or money and the rest are pure garbage/