Useless altcoins must remove from the whole crypto market

[Kunnu]

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

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[sunsilk]

This is the legal section for bitcoin under bitcoin discussion. If you want to discuss about altcoins, move this thread to altcoin discussion.

Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

These kind of alts will eventually die because they will have no volume anymore or it will start to plummet. And when that happens, traders and investors of these altcoins will start to dump it or sadly if they manage to sell it late and has no buy orders anymore, it's bad for them. Because they will lose their money together with the death of that altcoin.

And the exchange where that coin is listed will eventually delist it.

[eaLiTy]

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

If you are going to remove all the shit coins from the market, then you will be removing almost all of the coins from the market as majority of them are shit coins and created to make money from thin air and these exchanges are listing them because they are getting paid to list those coins and if there is a good trading volume they will get that revenue too. If people are not trading shit coins and if the volume drops the exchanges will remove those coins eventually.

[bitmover]

And who will decide which coin is a shitcoin and which one is not?

Having a central authority to decide that is against all cryptocurrency fundamentals.
Let the market decide. They will die in time, as some newbies...

[ityandsyn]

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

       Some of these are not seen in the market already and this remaining alt coin which are listed in exchange with no volume and not moving anymore , I think these will be remove in the exchange someday .

[DoraNile]

if there is a way to tackle fake project it will help crypto space alot but for now there is no solution for that,investors are the ones that needs to be extra careful not to fall victim to scam projects

[lobo13hf]

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

The decision must taken by the exchange site but not all of exchange sites are always maintaining its exchange site by try to filter which is a crap coin and try to remove it from there. Useless altcoin must be removed but the party can do that is exchange site the community can give a pressure for that thing to happen.

[Sourhearrt]

scam projects will die in time,all you have to do is not promote or invest in them,be smart when choosing altcoin projects cos too many fake projects keep showing up almost everyday now

[domoy77]

This is the legal section for bitcoin under bitcoin discussion. If you want to discuss about altcoins, move this thread to altcoin discussion.

Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

These kind of alts will eventually die because they will have no volume anymore or it will start to plummet. And when that happens, traders and investors of these altcoins will start to dump it or sadly if they manage to sell it late and has no buy orders anymore, it's bad for them. Because they will lose their money together with the death of that altcoin.

And the exchange where that coin is listed will eventually delist it.

there are many like that and finally there is no price at all, not infrequently we also take their alt programs like treding and other competitions, and buy alt at a low price, to invest in the hope of selling at high prices but after competition and buying, it turns out the price  alt has no movement at all and finally alt must be removed from the exchange, this is my experience.

[shiming]

There are many such cryptocurrencies on the market, the team does not exist, no one maintains the wallet, but there is still exchange, saying that there are still people trading, so the exchange should do something.

[joseyphil82]

majority of the coins and tokens on the market are shitcoins it wont be easy to remove all of them and many exchanges are already delisting these bad coins & tokens because of lack of volumes and shitcoins always die sooner or later

[NavI_027]

I guess the life of an alt all depends on the exchanges where it was listed because that's the gateway for investors like us to continue trading thus making the price trend still fluctuates or active in other words. Once each and every holder of such alt finally dump their holdings and no one wants to buy again then I think that's the time when it will die. I also have a shitcoin which I get from a campaign during my newbie days and when I try to look for its name in Binance (long time ago also) it wasn't there so it's fair to conclude that it was died already.

[max6575]

offers from developer as use of crypto currency to helps on initials as users of service to collects of nominal on value with confirmation as work on efforts as the run on field with business on collateral relation. to gives on excessive as users might gains with spares on shift of difference on returns with the work on tasks of the finance.

[Devotionless]

Relax, they will eventually go bankrupt and thus be removed from the market

[zero714309]

Maybe we can stop those but you know cryptocurrency is really strong enough to removing all of them time by time. Who's have good project and also manage with good will keep on market. Its about struggle. We should more detail to choose. Natural selection will kick shitcoin out.

[bryant.coleman]

Relax, they will eventually go bankrupt and thus be removed from the market

Obviously they won't survive for more than a few months. But during this time, a lot many of the cryptocurrency users will make their investments in them, and once the dump starts, they will lose money. The promoters are intelligent enough to dump their coins close to the peak prices. Since the pump is initiated by them, they know about the suitable target to sell the coins. The other users don't have this advantage. Most of them will either sell before the pump, or after the dump has started.

This has happened to a large number of crypto users, and even I have lost huge amounts in these shitcoins, starting from 2014. The coins in which I made my investment either turned out to be scams, or they lost their value very quickly due to a lack of uniqueness and purpose. Quark (QRK) was one of the coins in which I made investment back in 2014. Back then, the price was around 27,000 Sat per coin. The current prices are 59 Satoshi per coin, which represents a decline of 99.8%.

[Lagduf]

Only one hope that i needed to see the regular voting to delist a crap coin and i think that will be a good idea to decide which is the coin that must be removed based on the result of the voting.
What you can do is only to send a complain to the exchange site about that shitty coin but you have no power to delist it and that's why this feature will have needed as a real implementation from your idea.

[knuckey]

make it happen, every day new altcoin just keeps being born and it seems very difficult to prevent it, because there are no rules that forbid it and everyone is free to make it.

[styca]

I think we need to make the distinction between coins that are not performing because they are pointless shitcoins whose only real purpose is speculation, and then those other coins that are actually good solid projects that aren't performing because they are new to the market and need time for development to progress. It's not the case that everything that must shoot up in value immediately. Some thing are more long-term bets.

[Saisher]

They just create some kind of hype once or twice in a month or week and make their profit with fake exchanges and forget about it, I am talking about the developers of those kind of altcoins which are not performing and these are totally waste for crypto market and also creating confusion for new people who are entering in crypto world so what's your opinions. Useless altcoins must be remove from crypto market if it happens then it would be great and very beneficial for crypto world.

Exchange is delisting it, and members here are posting development of those coins, it's really up for investors to check if they are holding shitcoins in the market, coins without development will eventually die no need to post that they should be removed.