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Author Topic: Can the massive creation of Altcoins can be stopped?  (Read 2452 times)
AIRDROPSQUAD
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September 30, 2018, 04:45:56 PM
 #201

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

Well, as long as people still want a quick cash, I think the creation of new altcoin still continues.
It will not stop unless people starting getting bored for the ICO project.

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September 30, 2018, 05:44:09 PM
 #202

Looks like bad ROIs of last months ICOs are reduced creation of new altcoins because nobody want to invest now and ICOs don't reach their Hard Caps. I think this situation is recovering the ICO market and removes scam ICOs from here.
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September 30, 2018, 06:52:36 PM
 #203

I think it will not stop. Surely they can slow down in bear market but i believe in next bull market we will see too many icos again. In bear market they are trying to hide and in bull market they are trying to show himselves.
Icos are very easy way to collecting money so i dont believe. they will not stop.

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September 30, 2018, 06:58:14 PM
 #204

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

Of course this can be done and soon it will happen. Already, new projects that want to raise money put a hard cap for themselves less and less, because they understand that a lot of money will not be collected. In the end, it will all come to the point that new projects simply will not collect the money they need, and than ICOs hype will end.
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September 30, 2018, 07:01:28 PM
 #205

I think this is a matter of time. There will be a so-called natural selection, and many of the coins will simply disappear. Only those that are really needed by society will remain.
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September 30, 2018, 07:15:55 PM
 #206

Many new Altcoins will create new projects that fit the purpose and needs of many people, involving different fields and industries. It's like seeing more and more stores appearing on the street.
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September 30, 2018, 07:48:28 PM
 #207

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
This is a decentralized space and little or nothing can be done to curb more coins from coming out. But with time, fake projects and coins without use case will definitely fade away. Many coins won't survive this current market situation.
baribori45
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September 30, 2018, 07:57:52 PM
 #208

Perhaps all of a sudden a new altcoin will surprise you by making a small or huge technological leap forward. But now there are too many altcoins having no practical value. There are also projects that have been working for more than one year and which, for the most part, did not start from the ICO. I believe that the financial promotion of ideas that have no practical basis under themselves is not advisable.
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September 30, 2018, 08:09:15 PM
 #209

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
It's not possible to stop new altcoins of being created, this is a free and completely unregulated market and you have to accept that or move to markets that are regulated, this is why many countries have regulations about who can invest in financial products, so if you do not feel capable of distinguish which coin is a good coin and which coin was created just to make money it could be a good idea to stay out of the market until you know how to do that.
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September 30, 2018, 08:29:13 PM
 #210

I think that at the moment the creation of new altcoins or in most cases tokens, or how not to stop. While there is demand and supply, new ICOS will be held and the market will be replenished with new tokens and coins.


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October 02, 2018, 01:41:17 PM
 #211

Is it necessary to stop the creation of altcoyins? I will categorically state that altcoins will be much more and this is a good prospect for the world economy. Altcoins will replace shares of factories or valuable projects. You need their creation and trade - this will help the platforms of existing crypto-currencies.
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October 02, 2018, 01:55:17 PM
 #212

Coin creation will not stop for as long as they allow it. There are no rules and regulation on how many coins are being created. If you check the market, there are thousands of coins already and they are providing the same services. The quality of the services offered may not be as high as we expected to because their main goal is for their coin to be traded and not to offer services to increase the demand of the coin.

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October 02, 2018, 09:54:27 PM
 #213

Market itself will sooner or later adjust situation with hundreds of unnecessary coins and tokens. If they are not claimed, their capitalization will decrease in favor of stronger coins. It will not make sense to create new projects without success, and market will be cleared accordingly.

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October 02, 2018, 10:00:28 PM
 #214

I think that at the moment the creation of new altcoins or in most cases tokens, or how not to stop. While there is demand and supply, new ICOS will be held and the market will be replenished with new tokens and coins.

I think that for the emergence of a cryptocurrency market a large number of new coins will not be able to bring anything positive. I believe that investors' funds are sprayed into different projects that may not even have prospects.

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October 02, 2018, 10:09:48 PM
 #215

No. There's no way the massive creation of altcoins can be stopped because there are no rules and regulations governing the massive creation of altcoins. There are good coins that are been created too.
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October 02, 2018, 10:14:14 PM
 #216

I think this can be happens in two ways:

-when we will have a regulation of ICOs
-or it will soon or later, people will stop to invest since more and more scam will born and we will have a "natural selection" where only few % coins will survive and noone will invest on new ones.

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October 02, 2018, 10:22:33 PM
 #217

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I think massive creation of altcoins will not stop. Maybe they can slow down in bear markets but i believe they will continue until the end of crypto market. and i believe crypto market never die.so they will continue  in the future also. Why because firstly icos are very easy way to collect money and secondly we need new technologies and ideas. icos are really good opportunity for that so because of that i believe they will never stop.

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October 02, 2018, 10:32:26 PM
 #218

The massive creation of altcoins will stop when people will stop trusting every shady new project.
People would have to choose within those coins. After they sift out the scams they will just market the legit coins.
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October 02, 2018, 10:45:43 PM
 #219

Well I am not against creating new coins because it's not possible to stop the creation of new coins because the space is unregulated and decentralized, but i think it can be reduced but not stop, the coin creation gets popular during the era of bull run when people were investing in ICO and ICO enters exchanges to make some X return but now we are in bear market ICO no longer make returns, the creation of coins has reduced and this is the only thing that can reduce coin creation, when more people stop patronizing ICO's, more people will not be encouraged to create coins.

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October 02, 2018, 10:54:54 PM
 #220

Can human greed be stopped? Probably not. The fact is most of these altcoins are simply trying to capitalize on an opportunity. Right now there is not too much competition (yes there are thousand of altcoins), but compared to traditional crowdfunding spaces the crypto market is extremely underpenetrated. Over time, as the market becomes more difficult we will begin to see it die down, but that's still a ways away yet.

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