Too many Altcoins without value?

[sky9314]

Admitted to buying Altcoins is a very risky investment, too many Altcoins have been falling since the listing, and even fell thousands of times, which is almost equivalent to scamming your money.

[Kaller]

Yea that is true. There are way too many altcoins out in the market now that have no value. Most of the altcoins that we have now are just coins that are made by greed people who are just looking for a way to make some quick money from cryptocurrencies. That is the reason why a lot of altcoins will end up dying out a couple of years from now anyway. Just a few will be left.

[Juggernautbtc]

Maybe it's just my perception, but in these times when new coins appear every day, it seems to me that most of them lack value.

I have seen that many currencies are created based on an idea, that they intend to be used for something, even though at present they are useless, they are based on the hope of being used. I hallucinate seeing how some collect millions in the ICOs only promising that they will be adopted en masse, only selling an idea that has not yet been started or developed.

I wonder what chance of success has a currency that is defined as "the new currency that will replace Bitcoin" or any other great concept if only based on a theoretical idea.

Do you have to create the currency first and then wait for a community to be created that uses it?
Would not it be better to have a community first than willing to give the currency a real use before creating it?

I believe that for the creation of a new currency to make sense, it has to respond to a real need for the exchange of goods and services, if we only buy a coin with the hope of selling it more expensive, if there is not a community that supports it, We will be betting on a pyramid system, and we all know how those systems end.

That is just my opinion. I do not know what others will think.

I completely agree with you. It is very important that the project and the team do not meet a few months ago and do not just decide to earn money and release a useless coin. It is very important that before the ICO the project already had something. So that they already developed something, had a certain number of users, then we can say that they are really interested in releasing a coin that will bear value.

[Ostonian]

The number of projects is growing every day, respectively, creating new tokens. When projects do not achieve their goal, their tokens are not in demand and fall in price, sometimes even to 0.

[s31joemhar]

Yes there’s too many alternativecoins without value because there’s a lot of scammers that expert of pretending a good one coin or investments in this kind of business and industry.

[Moshi Moshi]

Yes there’s too many alternativecoins without value because there’s a lot of scammers that expert of pretending a good one coin or investments in this kind of business and industry.

now many scammers are taking advantage of the opportunities available in cryptocurrency, because cryptocurrency is now a lucrative investment place so many are choosing the investment here, so many scammers are appearing to create an ICO project and it is very difficult to distinguish from a good ICO, because they are caught deceiving at the end of their ICO sales.

[hackzang12]

I am very aware on that there are some Altcoins that have no value and given some of the projects are dead but still i saw some coins on Decentralized exchange whales are probably playing games with some of this coins.

[Katya91a]

I agree. I have a lot of tokens on my wallet that have no value, and they are likely never to be listed...

[Wind_Crypto]

agree, and the except for currency-like use-cases, other use cases should try and maximise the benefits of blockchain (transparency, authenticity of transactions, smart contracts etc.) in its design

[d2s4]

It is a quite normal situation because it is like a nature where stronger altcoin beat others. Thanks to these competitions the cryptomarket can develop.

[bonifacioB]

Yes. I have an altcoins without value also not be listed in the market and because of that sometime we ask our selves that why so many coin listed already to the market but the payment to us are shitcoin which no value and it is can disapoint to us but, it's ok there is a lot of time and opportunity that maybe someday we can earn tokens that have a value.

[lena1]

Unfortunately, not all coins after the ICO remain on the market, because a lot of projects shortly after they enter the exchange their coins are not in demand!

[Sier86]

You totally right, there are too many altcoins and most of them do not have any value, they were made only for fast many making and will be dead in year or so. Such things only do bad for crypto markets

[vlom31]

The reality of the market is that most coins will be without value, either for them being scams or no demand at all, that's one of the risk of this game we're playing.


Mehdi

[Bitico777]

So far, everything looks bad, but the market can still recover and then we will see a rapid growth of altcoins.

[Cryptoworld4]

Maybe it's just my perception, but in these times when new coins appear every day, it seems to me that most of them lack value.

I have seen that many currencies are created based on an idea, that they intend to be used for something, even though at present they are useless, they are based on the hope of being used. I hallucinate seeing how some collect millions in the ICOs only promising that they will be adopted en masse, only selling an idea that has not yet been started or developed.

I wonder what chance of success has a currency that is defined as "the new currency that will replace Bitcoin" or any other great concept if only based on a theoretical idea.

Do you have to create the currency first and then wait for a community to be created that uses it?
Would not it be better to have a community first than willing to give the currency a real use before creating it?

I believe that for the creation of a new currency to make sense, it has to respond to a real need for the exchange of goods and services, if we only buy a coin with the hope of selling it more expensive, if there is not a community that supports it, We will be betting on a pyramid system, and we all know how those systems end.

That is just my opinion. I do not know what others will think.

This is really the truth about the ICOs and the new coins everyday. They are just all created for the purpose of selling it high. That is very bad.

[Typogre12]

It is a quite normal situation because it is like a nature where stronger altcoin beat others. Thanks to these competitions the cryptomarket can develop.

Partially agrees with you. But some coins are created without the intention to enter the market. And it is very sad. It is hard to find good projects for investments or participation in bounty campaign. Maybe soon there will be a project that will effectively assist the promotion of good projects. Menlo.one can become like that.

[kiatitami]

I have an altcoin and after finishing the ICO they have no value, no one deals, they probably died, sorry to encounter such a coin.

[kenzio2016]

well, theres some ico token that can't recover after bounty hunters dump huge amount of coins. and with the bear market for a few months ago. so many of them crash down to zero price

[ivlvov]

I completely agree with you, there can not be a lot of revolutionary new ideas, so most ICO's try to be clones of others, more successful. In addition, a large number of projects is a scam that severely damages the cryptocurrency industry. I think it would be better if we had only twenty interesting and expensive coins, then we would not be afraid of our money.