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Author Topic: 99% of all projects is worthless and not worth a cent. What do you think?  (Read 1455 times)
UnlimitedMoneymaker
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August 19, 2018, 12:39:53 AM
 #41

I hope it's more than 1% that are the good projects but mostly you are right. Most ICOs was being made only for quick cash. And huge cost of services for ICOs is good marker for this. It was overpriced, and it's still probably overpriced right now. Bitcoin can make 80-90% correction in my opinion, but altcoins can have 95-99% losses. But also they can pump a lot from the bottom.

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oapieNL (OP)
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August 19, 2018, 04:28:22 AM
 #42

Besides bitcoin, I find projects interesting where you are rewarded for hodling. With divident you build up extra income every day.

NEO for example. A year and a half ago I bought 1250 antshares for rebranding to NEO. Around $ 1.60 and $ 2.10 each I paid.
I still have all this NEO untouched in my wallet and have looked at it again. Because I get an x number of GAS paid per week.
BNB binance coin is also a good investment. On the exchange, for example, you can trade much cheaper if you use BNBfee. Also by binance every one BNB party is destroyed by a burn so the supply gets smaller.


Projects that hold an ICO to, for example, build a webshops where you can pay with cryptocurrency. Do not have to keep an ico at all.
For example, they raise $ 5,000,000 million with a ico and give you worthless coins in return. They have earned $ 4,995,000 and will never have to work in their lives again. For less than $ 5000, they are just done with your project.
There are also many people who themselves feel sorry for the developers because everyone has dumped the tokens and because of this the project has not been given a chance. In reality, the developers dump their 25% of total tokens to make a deathcoin.
Who would rather not have that quickly earned $ 4.995.000 and enjoy a luxurious life for the rest of their lives, then also have to be busy with a stupid web shop.

All these types of projects do you have tokens that are simply worthless. and they also do not need an ico to start a webshop.
If some are still not convinced, I'll show you how cheap you can make everything.

Buy here for $600 a ready-made android template of the webshop app.  http://www.templatestheme.com/product/ecommerce-android-app/
Buy here for $52 the web template http://www.templatestheme.com/product/e-commerce-html-fashion-web-templates/
Buy here for $ 450 de webshop http://www.templatestheme.com/product/ecommerce-fashion-website/

This is how cheap they can buy and build a complete webshop.
Not only ecommerce projects. But everything can be downloaded without difficulty.
vallytech
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August 19, 2018, 11:15:28 AM
 #43


Even at this 99% claim without facts is not true.  Truth be told we have mainly worthless coin, because most focus on making profit rather than embracing to use case of the token or coins. 
It's high time we start focusing on use cases and how to make projects get acceptability.

Of course everyone wants to make a profit, That's just the way it is. I want that, you want that, everyone wants that. That is the most important thing, the profit.

You can put $ 100,000 in an ico and then embrace the project and do not start focusing on the profit. When the project is ready for 2 years, your $ 100,000 investment is worth only $ 100. Defs are not awake, they have your $ 100000 investment right after the ico converted to 12 bitcoin.

They have been able to make that $ 100,000 20x in bitcoin in those 2 years.

They simply have no intrinsic value. They do not add anything to the project.
That's why I say 99 percent is just worthless. A Project is not at risk if everyone dumps everything after an ico


Ok here some facts.

111089 contracts have already been created with ethereum.
In total there have been more than 3000 ico's.

I now just calculate just what is in the ico archive on this website.
This website has a total of 1957 ico sales in the archive.
www.icodata.io/ICO

Total 1975 icos sales
47 icos is return 3x
Of these 47 icos there are only 22 icos with a more than x10 return

22 of that 1975 = 99%

I always like when people present there fact to back up their findings or claims, after seeing your source of data and your analysis, I agree with you on the above statement about ICO's and this more reason why a lot of people always dump when they invest in an ICO
Dean_Jue
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August 19, 2018, 11:17:02 AM
 #44

Not 99%, but let's say 80. There are a few ICOs at the end of the day who are able to outperform the other counterparts and able to sustain value on the crypto market.  But yeah, only 20% of ICOs are worth something.
Otherwise the remaining are worthless.
Jpt
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August 19, 2018, 11:21:34 AM
 #45

I do not think so. It is true that most projects are not doing what they are established for. Instead it seems that they are involving in something like money laundering or speculation. And I think it is high time they should start do what they are established to make themselves strong and stable. As a result, competition will emerge and those which are unable to compete will disappear themselves.
Ade A Aziz
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August 19, 2018, 11:21:52 AM
 #46

Yes, I agree with opinions about many projects that are useless. But, 99% of useless project statements are too much, in fact there are still many projects that are useful and can grow well.
Soberb
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August 19, 2018, 11:30:14 AM
 #47

The truth is that most coins are not doing what they are established for.  If you say that 99 % of coins are worthless, you mean the entire crypto is worthless. But neither crypto is worthless nor 99% percent coins are worthless. But coins start working on what they are established for to make it stable.

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elosi
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August 20, 2018, 12:57:45 AM
 #48


Even at this 99% claim without facts is not true.  Truth be told we have mainly worthless coin, because most focus on making profit rather than embracing to use case of the token or coins. 
It's high time we start focusing on use cases and how to make projects get acceptability.

Of course everyone wants to make a profit, That's just the way it is. I want that, you want that, everyone wants that. That is the most important thing, the profit.

You can put $ 100,000 in an ico and then embrace the project and do not start focusing on the profit. When the project is ready for 2 years, your $ 100,000 investment is worth only $ 100. Defs are not awake, they have your $ 100000 investment right after the ico converted to 12 bitcoin.

They have been able to make that $ 100,000 20x in bitcoin in those 2 years.

They simply have no intrinsic value. They do not add anything to the project.
That's why I say 99 percent is just worthless. A Project is not at risk if everyone dumps everything after an ico


Ok here some facts.

111089 contracts have already been created with ethereum.
In total there have been more than 3000 ico's.

I now just calculate just what is in the ico archive on this website.
This website has a total of 1957 ico sales in the archive.
www.icodata.io/ICO

Total 1975 icos sales
47 icos is return 3x
Of these 47 icos there are only 22 icos with a more than x10 return

22 of that 1975 = 99%

This is really bad to know that out of 1975 ICO sales only 22 ICO out of that is more than X10, this means that majority of the ICO is below their ICO prices, so my question is this, is the bear market the cause of this or what else is the cause?
chip1994
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August 20, 2018, 12:59:55 AM
 #49

I think it's true Smiley. It's really difficult to find out a good ICO project to join at the moment that why only professional investors can survive at this period. As I can see 9 out of 10 ICO projects at the moment are failed and can't reach to their hardcap although their idea is really great, I think ETH price is too low also affect to ICO project.


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Buladig
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August 21, 2018, 01:10:22 AM
 #50

right, almost all of the coins I have are worthless, it really worries me, I don't know how my life will be if this coin just rots in my wallet, until now I still hope that by the end of 2018, everything will soon recover and have good price.
bit..what?
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August 21, 2018, 01:17:21 AM
 #51

I do not think that 99% of the projects are worthless and not worth a cent.
Of course, there are many projects that are really not that good, but there are also some good projects.
Think the bad opinion is currently coming from the current price decline of crypto currencies.

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D3m1r4wanti
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August 21, 2018, 01:38:58 AM
 #52

not as big as that, the percentage of 99% is too big according to my count, indeed there are too many projects that are not valuable. however, if you know in its entirety, there are many projects that are indeed valuable and not just fraud or other. we must be good at choosing a good project by doing some analysis.
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August 22, 2018, 11:31:02 AM
 #53

I think that it is true, there are so many projects which can not give money in turn, so investing is empety deal there, I am sure that this amount will raise only.
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August 22, 2018, 11:35:44 AM
 #54

I think that is an over exaggeration and your estimation might be based on the experience you have had but it should not be a general representation of the situation in the ecosystem. There are good projects out there that are out to solve some problems
Msile
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August 22, 2018, 04:30:26 PM
 #55

99% of all ico and existing projects is worthless and not worth a cent. what's your opinion?

I thought about it a year ago. For the period that the ico projects came out of the ground and poloniax and bittrex were the largest exchanges. Then in many tokens I saw something of value that stood on exchanges.

Nowadays I have completely changed my mind and have looked at things in a different way.
To start with recent projects and icos that are ready:

After all those hundreds of new tokens that have come in at this time, I think completely different.
This has come about because everything about huge amounts of money can be seen from ico startups.
Here I am not talking about scam icos but reliable ico projects. 99% are just thieves.
Projects with high ico tokens price that no one can make a profit. except the founders. Huge amounts of money of tens of millions are sometimes collected per project.

What makes me worse is that Almost all ico projects lie enormously about the development costs of setting up a project. That all money (10 million) for example is used for the application to make and additional matters.

What nonsense. If I started a normal company that has nothing to do with crypto, you can set up a very nice kourier, painters, construction company or shop with $ 500,000.

With this IT related crypto shit projects do as if they still have too little 5 to 10 million dollars budget. while you can start a business for 1000 euros. Laptop, software and in your own living room.

70% of all app or platform projects cost the software almost nothing to a few thousand to build, 2000x less if there is collected in the ico. Say development costs of $ 5000.
What I can say even better is:
99% of all projects cost a maximum of 1 million dollars to pay everything in the first year such as software, salary team, office rent, marketing plus other costs together to develop a project.

Then dare to say that for example they do not have enough money to have a good exchange, for example.
Almost all projects build everything for a minimal amount. lf it is finished, their 9 million are in their pocket for private investments. not only the 9 million but also often 30 percent of all tokens of their project.

At this moment you have 99% of all altcoins which is junk.
You may, for example, have tokens of a certain project, but can you also do something with those tokens, so that you can get rich with those tokens? Some projects may be good, but what do these tokens add to their value? Can not you do something with a particular project if you do not own their tokens?


Ethereum tokens can increase the value, for example, because you can use it for example for ico investments.

Bitcoin has value because it is the bentley of the crypto coins.

Many projects offer nothing special that contrasts with a value.
Virtually all projects are worthless because they do not add anything.
With the cryptocrash last months, people are fortunate to see a true value of many projects. useless projects.


Fortunately, there are also a number of unique projects that do add something.
Unique projects I mean something that others do not have. Paymon.org, for example, is a unique and reliable project. With a very active devteam. This project comes with solutions that people scream for. A replacement that can replace fiat money. Payments without transaction costs, transaction speeds unlimited per second, passes to pay everywhere with crypto. Project that focuses entirely on personal payments with their own developed DAG blockchain HIVE. A project where you already have the blockchain and you can even test the blockchain for free how fast it is. Also have a working android and ios app and web platform with a messenger function built in with which you can chat. . This project is very far below the radar, that is because the team wants to deliver a product in a few months that is ready for marketing.
This project gives your coins a real value.


All those dozens of Dapp projects, wallet projects, securety projects are in my eyes worthless in the future and it does not add anything to your token value

How do you think about this?

I agree with you. With all of the coins that are coming out now,if you are one that does research then you would see that most of them have nothing to offer and if their coins were to be valued they would amount to zero being that they do not have any good product that can guarantee the survival of their coin. That is why a lot of the coins will end up failing.
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August 23, 2018, 04:01:09 PM
 #56

I have to agree. Just look at the kind of coins that are being put into the market right now, there is way too much of them that one cannot help but think that there is no way that the coins are not scams. They have nothing to offer and the only thing keeping them in the market is because people are trading with the coins, once they stop trading then the value of the coin plummets to zero.
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September 28, 2018, 08:56:54 PM
 #57

Well I do not agree that 99% , but 70-80 percent sure . It all depends on the product that the project produces , and it is not always necessary and relevant. For investors who invest their money in these projects , there is simply nothing. it became more and more difficult to choose really necessary and effective companies which will not appear swindlers and will bring profit in the future
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September 28, 2018, 09:08:57 PM
 #58

Thats why it is important to make proper research of the project you want to invest in or participate it. Check out the team, see if they have a ready MVP or at least if it is Alpha/Beta stage, what is the use case and does it make any sense to be on the blockchain; how will it improve life and make things easier etc.
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September 28, 2018, 09:14:47 PM
 #59

there are many scammers who just want to raise money and run away. I choose projects that have a worthy idea that try to help the world and which, at least, have already collected a soft cap. One such project. @swachhcoin. The project will pay people for their garbage. for today there is a 16% bonus, you can buy coins by the end of October. Soon the project will reach a soft cap
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September 29, 2018, 06:26:54 AM
 #60

This is certainly a reasonable thing. many projects springing up certainly makes the competition will become increasingly tight. It will also make sure investors will also be confused to go into a project like that. and this resulted in a project that has only the name without investors clear. Plus it's also about time because not every project will directly be able to shine quickly and certainly will take time to big. indeed not all but at least some will need a process.

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