Useless altcoins must remove from the whole crypto market

[Denlon]

80% altcoins its scam or died project, if exchange delisted coin, its scam or dead project.

[ivaf]

It is true that there is a lot of altcoins in the cryptocurrency market that are useless or so called shitcoins. It is like the penny stocks in the stock market and even though they are useless for someone, it is an opportunity for other people because they can make quick bucks by just trading those shitcoins. We cannot remove any coin that we don't like and the only thing that we can do is to avoid them.

Yes, the problem is that they won’t manage to make money on shitcoins. Just a loss to someone. Therefore, it is imperative to periodically remove shitcoins from listings. It is very good that many exchanges do this periodically.

[KnightElite]

As a trader,  I only buy altcoins that have high volume. I do mot buy altcoins that is not popular because it has a possibility that the altcoin may be removed due to low volume and few sellers.

[confreslamp]

If there would be a tool on coinmarketcap that will only show coins with a working product, there will be only 100 coins left out of more than 2000. Sooner or later, such coins will die off, because of the lack of investors interest or trading volume.

[Kezacky]

I also agree that altcoin which is useless or does not have a trading volume is better removed,because there will be no traders or investors who use coins like that, of course, users prefer coins that have high trading volume and also coins that have good prices.

[OasisDre]

With the ways crypto market is heading right now don't expect any kind of laws that will rule out the scam and useless tokens in crypto space, its your choice and right to carefully pick good projects and if you lose just learn from your mistakes, useless tokens will be among us for a long time so be ready for the worst

[r32godzilla]

I do not see any problem, we need to create and use many cryptocurrencies to decide which one is the best. Which one fits all requirements for the worldwide cryptocurrency.
Currently Bitcoin is the only cryptocurrency that could become real global cryptocurrency, but also Bitcoin needs to solve many problems to achieve this goal.

[airdropan]

No need to remove, if the coin/token useless it will die by them self. Because no one will buy or hold or even sell that coin. it will ended with no volume on any exchange market, and usually , the market exchange will delist this kind of coin/token

[Alluro]

First of all, we have to find ways to understand what are the legit coins and scam coins. Because most coins are looking legit. But some scam things are happening inside of those projects. The important thing is we have to choose the correct coin to trade and hodl. The next thing is we have to buy and sell them an incorrect time.

[hashman]

You pointed out one of the biggest problem at crypto market. There are many crypto project at the market without any purpose. As previous days announced no single code added to more than 650 projects at crypto market.
These useless altcoins must be removed from the whole crypto market for the sake of real investors who believe blockchain. This situation maybe forward other project teams to work on their projects. As scam projects removed from the market, more people may start to believe crypto market and more new investors join us.

[Dalmar]

The disbelief is understandable but there are other options as delisting from the exchanges and the dead volume will be the reason for the delisting. Useless altcoins will not gain good volume for the obvious reasons and removing these altcoins will decrease the total marketcap in my opinion. Crypto markets are not going to do the job which we are supposed to do as a crypto enthusiast.

[kram31]

What is useless for you?

Those coins which has no volume will be actually deleted on the excahnges.
EXchange has their rules and it was stated and send to the token team before listing on the site.
There are many of them that is now out in the market.

[bakasabo]

I would remove all the tokens and coins of all projects, that dont follow roadmap milestones and hadnt finished milestones completion in 1-2 months due date.

[man22555]

I understand your proposal, but how would one manage to remove such projects?
You can't really ban or take them down and prohibition takes a while to be applied.

[magnum cyber]

First, it is not easy for a project or coin to be listed on a large site like CMC because there are many procedures to go through, and vice versa if a project or coin that has no user at all can be immediately deleted from the market list or from the CMC site. but it's also not easy, it might take time for the removal process.

[Sithara007]

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 developers can no longer take that decision. There is no concept of a "buyback" with cryptocurrency. Even if there was such a concept, I don't think that the developers would be willing to reimburse the investors. A more profitable method for them to do is to vanish with all the money, allowing the coin to die a slow death. If there is no further development, then the coin will eventually die. This is going to be bad for those who trusted the team and invested their heard earned money in to these projects, but you can find several such occurrences in the cryptocurrency market. The best thing for us to do, is to refrain from investing in shitcoins.

[pinkpanther03]

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.

Sometimes, I wondered there are lot of coins listed in the exchange that has no volume but they still remained in the list of the
platform.  So, I was thinking that probably, they still meet the weekly quota in the exchange because at anytime soon they will pump
and dump their coins, only thinks is we don't know when?

[JeffBrad12]

I understand your proposal, but how would one manage to remove such projects?
You can't really ban or take them down and prohibition takes a while to be applied.

I do not think the meaning of freedom is limited, freedom is complete for everyone. So even if such created coins are useless, the person who created it does as it wishes. I am also against the existence of such useless ones but this is my personal opinion and it will remain so. Perhaps if there are future regulations, it may be possible to intervene from the outside and if so, "freedom will be limited".

Even without the effort of eliminating all these called "useless coin" the market is already not forgiving to all these kind of coin by making them lacking the volume because no one wants to own it and forcefully gets listed from an exchange while some stuck in decentralized exchange without any volume left.
Trying to remove these useless altcoins will definitely take up a lot of effort since there's a freedom for people to create as much coin as they can while resulting nothing. All the effort better to be put into prevention of scam project or that short of thing rather than trying to remove something that will naturally remove itself due to being lacky.

[skarais]

Even without the effort of eliminating all these called "useless coin" the market is already not forgiving to all these kind of coin by making them lacking the volume because no one wants to own it and forcefully gets listed from an exchange while some stuck in decentralized exchange without any volume left.
Trying to remove these useless altcoins will definitely take up a lot of effort since there's a freedom for people to create as much coin as they can while resulting nothing. All the effort better to be put into prevention of scam project or that short of thing rather than trying to remove something that will naturally remove itself due to being lacky.

On the exchange, it is clear that coins that do not have a trading volume are not wanted to be maintained on the exchange. In some exchanges, coins that do not have such a volume will be deleted from the list so that the exchange always looks good. Now quite a lot of projects that fail to be developed and make many people lose investment in their products.

[ice098]

There are exchanges that delisting coins that has no enough value and having no more traders. It is being monitored by many exchanges. But somehow there are still useless coins that still in the exchanges . Many altcoins are being created by many people creating fake campaigns to gather peoples money, because creating coin is easy and creating its volume is easy too.