Many ALTs are worthless

[jamesashmore1964]

Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!

[aioc]

Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!

You hit right, some are just a duplicate of other past projects, so if you are newbie here you will notice this, but if you are an old investor or bounty hunter you will notice that some are just creating a project that is not attainable at all, too good to be true so it's important to know who are the team behind those token/coin.

[ranoby]

Only time removes all unnecessary garbage from the market. Only real technologies will remain with real life application

[lenini]

Many useless altkoins, who collected huge amounts of money during the ICO and raised a wave of fraud, represent a real problem. It may be that in a year or two they can cause "cryptodepression".

[hownowbrowncow]

Absolutely correct, and like the previous bear market, many will simply disappear.

[adamin1i]

Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!

You are quite right. it will take time for the market to reach real values. During this time, many tokens or coins in the market are going to be rubbish.

[CryptoBry]

The cryptocurrency and blockchain movement has opened up a new and wide vista for many good projects to be financed by people all over the world however the ICO platform has also attracted many bad apples into the crate thus we always heard of many scams and failed projects leaving many token holders holding empty bags. And because this platform remains to be heavily unregulated, victims are becoming helpless and just accepted the fact that their money is essentially gone for good. This can be the reason why many token buyers have already left the market for good. Obviously, there are many projects that are introduced to the market for the sake of generating money and nothing else. We have to be careful as this market remains to be hit-and-miss and nobody can be sure that a certain project will really make it though we can minimize getting into bad ones by doing the necessary due diligence.

[cola-jere]

I think crypto is in a creative destruction phase (https://en.wikipedia.org/wiki/Creative_destruction).
Lots of altcoins being created and will ultimately lead to the demise of the $hitcoins and $hittokens.
Only a few will survive and those that survive will thrive and will be the googles and amazons of the crypto/blockchain space in the years to come.

[hani1929]

Its true some of altcoins now has no value especially those altcoins came from airdrop. Some of the altcoins is just a sample of shitcoin in other market. Some of this altcoins is just created because there are many new altcoins existed in the market they just follow with the flow. and some of it created some altcoins with no purpose they are just using it to earn money and after that they just leave their project in the air.,

[Onah]

Coins that are freely distributed like deep onion have zero value. Or coins like Doge coins.

But remember, even bitcoins were just nothing. What make it $$$$ today?

[labilaab]

Thats a sad fact and devs are just selling their token right after their project hit the exchanges and who will suffer are these innocent investors thinking that they are great project. So much better to just participate for their airdrop for now and not invest real money to avoid a heartache or suicide to the extent.

[iamsediii]

Yes, this is true. So many greedy team members on crypto ICO, which is 90%+ of the ICO is scam. So beware to choosing ICO Project. Know them personally.

[batang_bitcoin]

Many ALTS have NO value: Maybe the market will correct to this fact of life.

As long as they have market cap, they have value and price and what's better to say, they have no use.

As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!

Good catch as an example of a coin that has huge market cap and got overhyped by it's community. It has a price and use because of the recent news about it being accepted by pornhub, still this coin is nothing but a joke.

[Fredomago]

We really can't say how things will come inside crypto, who among us can deny how bitcoin will succeed when its first introduce back 2009? though you are right with your thread, there's a lots of alts that was created for nothing, or a duplicate of another coins who already exist and got some success, new developers are aiming to ride with the idea that they can create much better one but in reality there's no clear path and future usage, maybe pumped and dumped are part of this industry and like dealing with gamble people who wanted to have a quick results will still invest and see if luck will permits them to earn or lose their investment.

[Ararbermas]

No it's not worthless mate 'cause indeed it will gain a value soon when the market start to stabilize again,, if i were you put more patience on it instead of worrying  'cause there's no progress on your coin as long market is not fine.  So must wait don't so greedy.

[Victorycoin]

Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!

You hit right, some are just a duplicate of other past projects, so if you are newbie here you will notice this, but if you are an old investor or bounty hunter you will notice that some are just creating a project that is not attainable at all, too good to be true so it's important to know who are the team behind those token/coin.

I think you meant to say the opposite!

As with every good invention, the-never-do-wells, would always want to zero in to do what they do best and there is not way to totally stop or prevent them, but any serious minded person should be able to carry out extensive research on a project they plan committing their money and not to swallow all the bogus claims hooks and sinkers. It goes without saying that the motive behind a good number of projects is to scam and often the huge figures claimed in pre-sales are carrots, sticks and donkeys.

[Herbert2020]

unfortunately i don't think this is going to change.
ethereum is the best example of it too. it is built on 100% hype and no usage and gained a lot of price while having no real value.

and it is too easy to create shitcoins these days. they may not be able to because as big as ethereum but they certainly are capable of generating a lot of money for their  creators and the traders who know how to make profit from pump and dumps. and being easy means there will always be a lot of them around.

[sud]

I would even go further and say that most alts are worthless, but like always there are exceptions of course, and some of altcoins are gems. Good thing in this bearish market is that we are getting close to the best entry point for those good projects. Be ready to buy!

[tanvo208]

unfortunately i don't think this is going to change.
ethereum is the best example of it too. it is built on 100% hype and no usage and gained a lot of price while having no real value.

and it is too easy to create shitcoins these days. they may not be able to because as big as ethereum but they certainly are capable of generating a lot of money for their  creators and the traders who know how to make profit from pump and dumps. and being easy means there will always be a lot of them around.

I dont want to but I have to agree with u. Is there any chance for cryto to rise back again?

[mariayaz]

Yes that's true. Many are just replica of other existing projects with some slightly indifferent features, nothing else.