Useless altcoins must remove from the whole crypto market

[Perfect35]

Some of this useless and unrealistic coins with their projects are already finding it difficult to succeed and some of them have totally lost their volume and the subsequent delisting on exchanges.
Also, there are times that some of the projects might be good for short term investment.

[Finestream]

I believe that they will not go anywhere.  And they do not bother anyone.  I believe that someone who has decided on their coins will not invest in weak and small points.  They are only needed for beginners.

Useless altcoins will not live longer and eventually die but if investors are still buying those shitcoins,then they might still remain in this crypto market.But a good investor knows how to find potential coins to invest after making DYOR before taking such decisions.

[mr_random]

I think that bad coins and projects practically steal investment funds from other projects, because a potential investor could invest his money in a more profitable and more promising project, and it has to be assumed that his funds are lost for the entire cryptocurrency market.

They steal from the pocket of the legit projects. The fair market conditions do not exist, unfortunately. The market fairness determinant is irrelevant and accepting this theory can make us understand the idea behind the greediness of crypto trader.

No one is going to remove the crypto currencies,if we don't hold those cryptos they will eventually fade away that is the advantage of decentralization.

I don't think so. The useless altcoins are removed from trading stations with lack of trading by traders. The market decides which altcoin has potential and which ones are shitcoins. It depends on the analyze of general market traders.

[Twinkledoe]

No one is going to remove the crypto currencies,if we don't hold those cryptos they will eventually fade away that is the advantage of decentralization.

I don't think so. The useless altcoins are removed from trading stations with lack of trading by traders. The market decides which altcoin has potential and which ones are shitcoins. It depends on the analyze of general market traders.

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

[AliErkic]

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

Agreed, like XRP devs are dumping XRP shitcoin while stupid fools are buying it, such shitcoins won't die soon but getting dumped. It's unfortunate but reality. 
Crypto would be much better if we had no scams and scamcoins.

[bryant.coleman]

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

Agreed, like XRP devs are dumping XRP shitcoin while stupid fools are buying it, such shitcoins won't die soon but getting dumped. It's unfortunate but reality.  
Crypto would be much better if we had no scams and scamcoins.

I would rate XRP as one of the most elaborate scams in the history of cryptocurrency. They became the no.3 cryptocurrency (in terms of market capitalization) thanks to a well planned out strategy, by giving huge hype in the mainstream media channels and restricting the amount of coins available for trade. Even now, the promoters are holding as much as 75% of all the XRP in circulation (could be even more), either directly in their wallets, or in shadow organizations created by them.

The biggest tragedy with XRP is that they managed to attract a lot of new investors in 2017/2018. Some of these individuals even managed to profit from it. But now the coin is currently on its way to oblivion and the exchange rate has crashed to 2,500 Satoshis. I expect XRP to lose most of its market capitalization and fall out of the top-5 coins list in coinmarketcap by the end of this year. EVen at current valuation, it remains as one of the heavily over-priced shitcoins.

[reality18]

It is clear that there are some worthless coins without any case use on the market and with the principle of supply and demand, these coins will automatically be eliminated from the market because as the demand ceases gradually, the coin dies off alongside.

[SirLancelot]

We can't stop easily the every altcoin that coming everyday because some of altcoin is build to scam some people by doing build a project. The best we can do is research,read and study first the project or coin that we want to invest or participate.

THAT IS EACTLY TE EASIEST WAY TO STOP SOME OF THESE SCAM PROJECTS FROM BIENG Established if we can follow all those points that you listed, and it has to start from us really, because we are the ones actually promoting these projects, so I could say that the blood of those who has been scammed are on us and bounty managers.

We have so many investors that knows nothing about these projects and would just invest in it based on she fact that we are promoting it, not many investors would do research on projects, but we that we are promoting it need to ensure that we do very good research before promoting it, it will help us too personally, because we will be able to campaign for projects that are trust worthy and would be able to pay us after our campaign , and also would have a product that would be a working product to easily multiply whatever we earn from them.

[konfuzius5278]

When you have some experiance in crypto, its legit to invest some dollar in small altcoins.

I know many DEV not plan any scam, they have good idea. Maybe sometimes less funds to realise.

For me the most scam is done by exchanges. Taking listing fee of 0.5 to 2 BTC even smaller ones.

I remember Octaex, listing fee 1000 Dollar, gone without a note. CryptalDash, big voting action with also Millions of ICO sell, then only rubbish platfrom, Cryptohub hacked ?! also take fee of many small coins , gone. 

Or actual working Cryptobridge. Exchange is ok, but why they hell pay 10.000 Dollar for a trading platform.

And you might say: Thats to proof for scam. No it does not. Big scam teams collect money but small teams with maybe good idea can not fund so much

[Mahanton]

They can only be removed when most investors stops paying attention to them, thereby causing them to die naturally and delisted from exchanges. You also said the truth, most developers will just create a coin, hype it and make their profits while the investor is left to suffer. I think it high time we start doing the right thing by making it mandatory within us to study a project before investing.

It isn't really need to make it mandatory but rather making it as a habit on having a research anytime we do make investment.Investors is always been left in the air with these fraud projects that's why we should really be wise on any decisions we do take.We cant really enforce to remove shitcoins in the market and as you have said they do die naturally when people start to leave and not to support it and here comes the new ones and repeat the same cycle all over again.

[pixie85]

Since many bad projects distract investors from more promising companies that would raise cryptocurrency to a new level of development, this problem is quite serious today.  I believe that the capitalization of the cryptocurrency market due to junk coins has lost a lot of funds that could improve the position of not only the highest rated cryptocurrencies, but also other coins with good indicators.

You are falling victim to a common misunderstanding that people who invest in shitcoin would invest in better ones if there was no shitcoins. You cannot know that and cannot prove it. It's like saying that when you go to the market to buy apples and there are none you buy plums instead just to come back with something. It's more complicated!

Get rid of shitcoins and maybe some of the money will go to other coins but maybe some people will get burned and exit to fiat stocks or something else.

[bitcon]

It is clear that there are some worthless coins without any case use on the market and with the principle of supply and demand, these coins will automatically be eliminated from the market because as the demand ceases gradually, the coin dies off alongside.

They will certainly vanish, sooner, or later. However, do not worry - other tokens, which will be found to be useless in several months, will come. I guess that each market, including crypto market, cannot exist without wastes. Simply try to work with reliable, best-trusted cryptocurrencies that have proved that they could be beneficial for many reasons.

[Twinkledoe]

Not all crap coins are being removed in the market. So long those "devs" are gaining money from their shit coins, they will create a fake pump of their coin or fake volume. But sooner or later, we will know the truth of this coin because when they get tired of doing those fake cycles of trading, it will soon slow down or die down.

Agreed, like XRP devs are dumping XRP shitcoin while stupid fools are buying it, such shitcoins won't die soon but getting dumped. It's unfortunate but reality. 
Crypto would be much better if we had no scams and scamcoins.

I would rate XRP as one of the most elaborate scams in the history of cryptocurrency. They became the no.3 cryptocurrency (in terms of market capitalization) thanks to a well planned out strategy, by giving huge hype in the mainstream media channels and restricting the amount of coins available for trade. Even now, the promoters are holding as much as 75% of all the XRP in circulation (could be even more), either directly in their wallets, or in shadow organizations created by them.

The biggest tragedy with XRP is that they managed to attract a lot of new investors in 2017/2018. Some of these individuals even managed to profit from it. But now the coin is currently on its way to oblivion and the exchange rate has crashed to 2,500 Satoshis. I expect XRP to lose most of its market capitalization and fall out of the top-5 coins list in coinmarketcap by the end of this year. EVen at current valuation, it remains as one of the heavily over-priced shitcoins.

Look at their cmc charts and it clearly indicates the pump and dump scenarios here.



The team might have had enough of their dirty tactics why it keeps on going down. There's no known famous use case also for this coin. But here they are, getting the top 3 spot in cmc.

[Torps1]

Any useless/shitcoin will certainly die a natural death because the crypto market is a very competitive one. Only the gullible investors will fall for everything in the name of crypto coin without doing a thorough scrutiny before investing.

[PuertoLibre]

The useless projects are consisting of the central backbone of the crypto markets, unfortunately. I can't see the bright future if the count of altcoins doesn't be diminished by the legal regulators. The sky is the limit motto in the ICOs has passed its gold days, now only solid projects can collect the hard cap which is not easy to reach.

Altcoin holders know the risks generally, but the major concerns are still beyond than we assume.  Diversified altcoin portfolios is not a critical idea if I gonna compare the visionless ideas like going all in the single coin.

Coinmarketcap also lists the altcoins that have high turnovers like $100K which is good to ignore the altcoins from the small exchanges.

[Ben Shedly]

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.

One altcoin out of ten can only be useful, or at least thought by the developers in order to implement the project and bring benefits. The remaining 9 altcoins out of 10 are fraudulent projects that want to trick their investors in advance. For this reason, fewer people are investing in altcoins.

[satriagedhe]

i guess it removed by itself , just after the hype end people leave it and after some time the exchange will delist it from their market

[jozymens7]

That is very true mate. The tons of shitcoins listed on the various market capitalization sites is also cause for alarm. I learned that some of these sites change values of the market caps to trick people into selling or buying. The many coins on the various sites make crypto seem like something that is easily than and smart money for those who are smart and have little knowledge on the concept of blockchain.

[btcholder]

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.

And who's gonna decide which coin is worthy and which is not worthy. There is no special council to decide it. Then let decide to market, investor and exchange that people want it or not. If low quality project came to market and people don't think it's not worthy it'll be gone automatically. It's a free market, anyone can launch there project. People like you and me are not the decider, markets are.

[Danslip]

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.

And who's gonna decide which coin is worthy and which is not worthy. There is no special council to decide it. Then let decide to market, investor and exchange that people want it or not. If low quality project came to market and people don't think it's not worthy it'll be gone automatically. It's a free market, anyone can launch there project. People like you and me are not the decider, markets are.

Good idea. In order to clean the market form shitcoins, the market volume is the first determinant for measuring the demand by the investors. The special tools will not do the same job for the crypto traders, we need to analyze carefully the market situation. The low volume altcoins never get cleared by the market itself in my opinion, the getting delisted fear must be the next to any useless coin. The amount of the time we waste with pumped coins never return to us and we blame ourselves due to the lack of the experience.