Can the massive creation of Altcoins can be stopped?

[melomanskiy]

Quite a reasonable argument with you TC. I like. I also think that if there are fewer altcoins, then people will focus more on worthy and really useful projects that its creators work on.

[1713533210]

1713533210

[nemey]

I don't have any good ideas about this. But, in my opinion, so far, there are still many people and teams that will offer the coins or tokens from ICO. They will always do research in order to present the different cryptocurrency ideas, that are promising and profitable for the future. there are also sometimes scammers that always make ICO there. So, I think it may need many more years for ICO to off.

[braves182]

Coins will create as long as there is demand for them. It's like feed for speculators. But now the market is changing and coins not only don't grow when hit the exchange, but fall in price, so the interest fades. Only really useful startups will be able to raise funds for development, and there will be few of them, because it's impossible to invent endlessly where to "insert" the blockchain and sell this idea

[DiabolicAnt]

The process of leaving only good and worthy projects on the market is happening naturally. Although the amount of low quality projects is still quite high it will change soon.

[Cocoincos]

it will be good if it will stop, last time too much scam projects, it difficult to find normal, people stop trust in crypto currency

[ubercool]

I dont think so.. People have become aware of the market and using it for their advantage. Even when we are seeing such a bearish market, the trend of creating new tokens and making ICO's havent been stopped.

[Lmaooo]

Sorry, there's no way to stop these shitcoins. The only thing that you can do is to forget about them and focus on the important ones. Invest your money where you know you can get it back even when something happens in the market whether good or bad. Don't let any shitcoin obstruct you that might lead to losing your money.

[powerman24]

There is no need to stop creation of new coins as competition of new ideas is a good thing.
Market will take care of the useless coins and only the good ones will survive.

[drants]

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.

yes that is a sad thruth. but how can somebody stop creating new coins? probably we have to draw some kind of circle in which the most reliable coins are inclosed and working with it only

[Silberman]

Why should it be stopped? It`s just ICO tokens and that is not bad feature i think. Is it a really big problem for you?

People have a problem with the market of icos because as we know the majority of them are scams, I personally agree that we should let the market to be as unregulated as possible and see what projects come out of it, but scammers are taking advantage of naive investors so I really think that what we need to do is to increase the knowledge of investors instead of trying to regulate icos.

[popox]

It won't be stopped till the moment when the cryptomarket will be full of them and this situation is too hard to do because the market is so large.

[starplaks]

You are right, but now nothing can be done. Most coins are made with one purpose only - to enrich themselves!

[Rahees]

This creation will never been stopped because the altcoins are too independent and needed on the cryptomarket because they are developing it very good.

[iASIC]

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 do not think it's abandoned. It just proves that their plans and routes are wrong and it is not appropriate in this market. We always have fierce battles to become better. ICO projects are strong, no one can stop the ideas of those who want to start. We should still support them because sooner or later there will be an altcoin that can replace ETH in the future.

[fibrolit]

I'm not worried about the huge number of new altcoins being created every day. The market will sort out which tokens to keep,what to throw out. And it is our task to learn to recognize scamcoins,it is also useful to learn.

[kleeck]

It is getting slower because of the market. Nobody is seem to buy icos anymore and they are cancelling their sales. I believe ico's and ito's wouldn't be there some time later and the time of sto's will start.

[BitcoinGuruOne]

The industry will regualte itself,there is nothing much we can do. If you are an investor in ICO then you should do extensive research and look at those ICOs who dont have bounty campaigns because teams are too lazy to take care of the payments to bounty particpants in such way that token price would be resaonable.

[max6575]

different projects on investment plan as investors to work on decision as disputing spares of funds on covering backup on funding as managing tasks of evaluation to gains with strength on confirmation and work with submission of option to request with exchange on returns with the nominal of profit on completion.

[Boysisig207608]

This matter is very much known in the crypto community nowadays wherein we can really observe that almost everyday there's a new altcoin which is being created and because of this massive creation of altcoins it produces many garbage coins that are now useless because it was abandoned by its developer after they gain profit from their investors.

[adamreb]

Having too many altcoins on the modern crypto market leads to big problems for investors and participants. Quite logical difficulties arise with the choice of suitable cryptocurrencies for reliable investments. But I think that such a problem is unlikely to be solved, investors just need to learn how to choose the right altcoins.