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Author Topic: Most alts are worth Zero  (Read 30792 times)
temilade200
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May 02, 2018, 08:30:09 PM
 #241

The reason behind this, is that some developers do not have the intention of creating a coin that will add value, all they want is get their own profit and take to their heels. It is quite unfortunate that some people still fall victim of some of these shit coins. Well, we still see some who now have more knowledge on what a shit coin is like.
nightways
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May 04, 2018, 06:09:01 AM
 #242

Yes, some experts predict more than 90% of the altcoin will disappear, and from last year's ICO we can see that too many projects are just a fraud, and they have only one purpose to get into the exchange.
If we see the list of all the crypto coins which comes under the category of the altcoins, then we’ll notice that there are so many crypto coins but the thing is not all of them are this much worthy and high demanding that you can take this risk of making an investment into any of these coins and that you need to be very much careful and that you need to invest in only that coin which has some bright future.
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May 04, 2018, 06:11:50 AM
 #243

The problem of new altcoins that they even dont have personal blockchain all use etherium erc20, and because of that they are just like clones.

Yes... there are a lot of tokens which use platforms such as Ethereum, Stellar and Qtum. A few months earlier, it was fine. There were only a few dozen of them. But now thousands of tokens have come to existence and the vast majority of them are not worth anything.

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hardalisas
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May 04, 2018, 07:25:18 AM
 #244

You are right that most altcoins will be worth nothing in the end.
More important, though, is that there are some altcoins that will be worth a lot.
Ostonian
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May 04, 2018, 07:47:55 AM
 #245

There are several worthy projects, behind which are the developers and serious investors. Almost all the people involved in these projects are determined to continue their journey. 
Today, the majority keeps on inflated expectations, unrealizable promises and hopes to get rich (of course, by buying this particular token). Mostly we are talking about speculative investments. Most of the owners of shares here are PR-companies, marketing teams, "influential persons" and violent trolls with Reddit and forums. 
It seems that the active demand for tokens or coins, which do not have a work product, a main network, or a worthy team, has reached zenith, but, like in the case of any other thoughtless purchases, the excitement feeds on stupidity.
BTC786
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May 04, 2018, 08:20:54 AM
 #246

This is correct. Most altcoins is worth the zero in the end , this is why  is why many people are confused. but the truth is altcoin give us more profits.
Siryosow
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May 04, 2018, 08:26:18 AM
 #247

Maybe there such altcoins but not all is the same because if you're 100% right there's no successful projects.
lihongjing
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May 04, 2018, 08:31:23 AM
 #248

These ICOs have not been studied in depth. They haven't calculated how much money they really need. They just keep asking for money.
2alt
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May 04, 2018, 10:25:47 PM
 #249

The problem of new altcoins that they even dont have personal blockchain all use etherium erc20, and because of that they are just like clones.

That is not true at all.

STEEM
NEO
XVG

Are just 3 coins with its own blockchain.

And I have said it before, and will say it again. Nobody "invests" in coins. If you think you are making an actual investment, you are a fool. Then again most people tell me they bought ETH or BTC at x price and "down" x percent. How much did you buy I ask? Usually I hear $50, $100, $200, etc. So I am not sure what they are complaining about. The fact they thought they would buy $50 of BTC and become a millionaire, or if they lost $10.
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May 06, 2018, 12:27:38 PM
 #250

Recently, a lot of projects do not achieve their goals and deceive their investors. Therefore, we must very carefully approach the choice of an object for investing money.

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May 06, 2018, 12:29:36 PM
 #251

Sure, as it's quite easy to create the alts, difficult to make them usable. Blockchain is good technology but not in all sectors.

blizzard31
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May 06, 2018, 12:45:51 PM
 #252

It definitely all because of the growing amount of scammers, people tend not to buy some shitty coins where they cannot even get profit with so people learned from all of these and just focusing on the projects and trusted dealers alone.
hackzang12
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May 06, 2018, 11:49:24 PM
 #253

It definitely all because of the growing amount of scammers, people tend not to buy some shitty coins where they cannot even get profit with so people learned from all of these and just focusing on the projects and trusted dealers alone.
You don't know what you are talking about. There are shit coins that can give you alot of money and it's been spread on different decentralize exchange great volume and supporters, that's why you need to be more deep on trading and you need to influence others.
mimota166
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May 08, 2018, 12:37:54 PM
 #254

Small market cap: You should be among the earliest investors to make the maximum profit from the alt coin. I cannot give tips on how to pick such a coin but just avoid the coins which are already in limelight.
Sam$oN
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May 08, 2018, 12:41:25 PM
 #255

The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems
Yeah, but don't forget that most of them have billions of copies. And if they are reduced to millions, the cost per unit becomes greater than zero. There are many factors that need to assess, not only those that betrays coinmarketcap
kidilito2
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May 08, 2018, 12:46:58 PM
 #256

Those altcoins that worth zero are the project that they don't have much investor. Because there is so much altcoins launch and the investor don't know which one is legit and have the chance to raise up the value.

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xuzukami
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May 08, 2018, 01:33:34 PM
 #257

How can you say this? The current altcoin market is growing again, the altcoin may rise in price in the coming time. So this is the best time to buy.
jgaspar
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May 08, 2018, 01:34:35 PM
 #258

Actually yes, but I sell, I convert to USD, I take on my account, I go to shop and spend them, or invest them...so I doubt your statement Wink
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May 08, 2018, 02:20:14 PM
 #259

Yes, this is the root cause of the current market decline. The market has recovered its ideal and people no longer blindly buy shit coin. They are beginning to understand whether this project is a good project.

I agree with you with that part. Last year was the year of the creation of altcoins where investors buy a lot of shitcoins for the hope of getting some profit but some of them are legitimately blind to the fact that this coins doesn't really have any use. Also the early adopters and airdroppers just sells it after getting some values. There's still a lot of altcoins being created that is useless but people are getting smart now, they are now aware of cryptocurrency which makes this year better.
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May 08, 2018, 02:22:41 PM
 #260

The theory is that everyone can create a new coin (create an ERC20 token is not too much difficult). It will be then the usage of the coin that will determine the value...

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