Useless altcoins must remove from the whole crypto market

[lienfaye]

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.

There's no need for it, if an altcoins has no real use cases then it wont get volume in exchanges and it will die as time passes due to less or no demand.

We cant get rid of these useless coins, its very easy for other people to create their own coins to accumulate money to the investors. Then in the end it will turn out to be scam, they runaway with the money of their victims.

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[Bonenx14]

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.

There's no need for it, if an altcoins has no real use cases then it wont get volume in exchanges and it will die as time passes due to less or no demand.

We cant get rid of these useless coins, its very easy for other people to create their own coins to accumulate money to the investors. Then in the end it will turn out to be scam, they runaway with the money of their victims.

The victims are generally inexperienced crypto investors who haven't conducted decent project research during the investment process. The scammers don't go away, they come back with their "unique" ideas again and the victims change hands. There is more than 2000 altcoins in the coinmarketcap and at least half of the listed altcoins have no real use case or working product, unfortunately.

what can make a safe investment is the investor himself, because of his ignorance, new investors are easier to get hooked on fraudulent projects and that makes them trapped. knowledge becomes important in investments or we will continue to be trapped and blame certain sources for fraud projects. because until now there are no regulations about new projects in crypto

[bandungan]

a coin that has no price or has no value should be removed. because we know if the coin will only make losses for beginners. so I think maybe there must be action if within a few months or years a coin that has no significant development must be removed from the crypto market

[d3nz]

That's not possible because majority of the altcoins are created because of hyped and some people are entertaining and investing on those coins, they already take the bait so it would be bad if they will be remove even thou they don't have any purpose just a copy-cat code from another token/coin.

Also most people are just buying those useless to gain profit if someones bought a lot of token/coine and use it as a scheme for pump and dump.

[tambok]

We are all hoping that altcoins should be removed from the whole market especially now that there are lots of newbies who are interested in studying crypto too but they were too confused as there are thousands of altcoins, so those listing sites just like CMC, coingecko should do their part and that is to removed all the dead coins that will not fit their criteria, they should have certain law regarding it.

[kaneki007]

I think it's very difficult to remove useless altcoin because there must be people who will buy/trade. But if the altcoins don't have volume they will be delist from coin marketcap and from exchangers. And we can only be careful in choosing altcoin which we will invest

[confreslamp]

How do you plan to remove them? Even bad coins that have no volume on Coinmarketcap are still listed there. Moreover, there should be clear rules of what is useless and what is useful. I believe it is very unrealistic.

[huige007]

I don't think there is a way that we can use to remove them from market. They will only be there just that their trading will continue to reduce. Don't forget that some invested in these shit coins and they also have the right to have them in the market even if they are worthless.

You are right. We cannot wipe out failures or scams from the market. Everyone has the right to come up with a project and launch it in digital coin market. The only way to demotivate useless stuff is by not getting involved into them. Once investors will stop paying attention to them, a decrease can be seen certainly. In my opinion, old coins should be top priority of every investor.

You have a point, we cannot fully exterminate the existence of shitcoins. Almost of coin in the market are shitcoin and exchanges cannot remove this coins because some of them are paid enough to be listed. The only way I can think of is that we should not support or discourage the use of this coins so that the volume could drop to 0 and totally get remove out from exchanges. Creation of shitcoins is inevitable due to the fact that there some projects failed to meet their goal.

If you ask me, we do not need to. All we are supposed to do is invest in the right coins and make money. It is not a very difficult task, actually a way to simple and easy plan to follow. Just invest in bitcoin and hold. What part of it is hard to get? Everything in this world exists in balance. Where there is light, there is darkness too. We cant get rid of criminals entirely. But we have ways to ensure our safety and success.

[Rodeo02]

I don't think we can stop the new altcoin that keeps popping up. cryptocurrency is decentralized and free, no authority can delete or stop crypto. so that the market will select coins that are not developing. coins that don't have a trading volume will eventually die and become shitcoin. therefore I always recommend to beginners to choose the top coins. because it's safer than investing in new coins.

Only exchange can remove that if there are not enough volume but still you can see it in other exchange even decentralised exchange can easily added it if it is a token.
Better solution is to stop the investing in any crowdfund tokens.

[fuer44]

altcoin whose value is less than $ 0.000001 should indeed be removed from the market. besides they make the market into many coins, their presence there is also in very difficult conditions. their value will only be stuck there, and will tend to fall even further. than that it continues, it's better to just disappear, or make a new development under the name of a new coin or with the same name but with a new idea to make its value better in the market.

[pragna]

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.

Correct. I also think so. There are too many alt tokens in market that some investors bought it and there has no future planning. As a result investors get bad impression about crypto market. I think bad alt coins mush be abolish from market but problem is who control it ever  !!!!!

[Vishnu.Reang]

If a particular altcoin is not good enough, then in due course of time it will be having declining trade volumes and in the end it will get delisted from most of the exchanges. That is the natural course. On the other hand, if we ask the exchanges to delist such coins, then it will go against the decentralized nature of the cryptocurrency market. Let the market decide the future of such tokens/coins.   

[spike420211]

Obviously, a bitcoin thing is more real and working than some altcoins.
But the market itself, now, is a field of speculative and unstable, a field of short-term earnings and highs.
You are right, but unfortunately almost the entire crypto market is built on speculations, its unstable and hard to predict. Even current speculations with bitcoin, its often built on hype. My opinion.

[gwaposakon]

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.

I agree with you. I was once a victim also of transferring altcoins with the same code and thinking that it was the coin that I have and sent it to the exchange only to realize it was a different coin. What a waste by losing the coin that way. This confusion is indeed bad for crypto.

[Golftech]

Obviously, a bitcoin thing is more real and working than some altcoins.
But the market itself, now, is a field of speculative and unstable, a field of short-term earnings and highs.
You are right, but unfortunately almost the entire crypto market is built on speculations, its unstable and hard to predict. Even current speculations with bitcoin, its often built on hype. My opinion.

That's really a matter of how you will be able to predict the next movements, there's no certain information and same with what you have said it's about speculations and different opinions where only risky  investors will take the position to invest in. Many new and old projects are circulating around without any real purpose, if they can be trace and remove from this market then investors can easily pick the project to support and wait for the opportunities.

[Vishnu.Reang]

I agree with you. I was once a victim also of transferring altcoins with the same code and thinking that it was the coin that I have and sent it to the exchange only to realize it was a different coin. What a waste by losing the coin that way. This confusion is indeed bad for crypto.

In this case, this is entirely your fault and you can't really blame the shitcoins. The "Contract" hash will be unique for each of the tokens, even if the names are similar. In your case, you sent the tokens using the wrong contract code and that's why you lost them. How you are going to blame the project for that? Anyway, I hope you learnt your lesson. Please be careful in the future.

[Prompyboo]

Obviously, a bitcoin thing is more real and working than some altcoins.
But the market itself, now, is a field of speculative and unstable, a field of short-term earnings and highs.
You are right, but unfortunately almost the entire crypto market is built on speculations, its unstable and hard to predict. Even current speculations with bitcoin, its often built on hype. My opinion.

That's really a matter of how you will be able to predict the next movements, there's no certain information and same with what you have said it's about speculations and different opinions where only risky  investors will take the position to invest in. Many new and old projects are circulating around without any real purpose, if they can be trace and remove from this market then investors can easily pick the project to support and wait for the opportunities.

this is already happening. those projects that do not represent anything are already losing investors and losing interest from users, they will gradually die and leave this market.

[ttcsalam]

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.

You are correct.I value your opinion. Due to the poor quality project many people and organizations are losing their capital. Because of that, a bad idea is being made towards the market. In the minds of ordinary people.

[Colt81]

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.

You are correct.I value your opinion. Due to the poor quality project many people and organizations are losing their capital. Because of that, a bad idea is being made towards the market. In the minds of ordinary people.

Useless Altcoins or "shitcoins" must be really remove in the market because it doesn't have any good value at all, that is why holding this kind of coin in a long term is useless because you won't get any good profit from it that you are waiting for nothing. So if you are holding shitcoin in your wallet, I think you should better move it in an altcoin that is profitable for you not to waste any time and money.

[DeathProxy]

This is the main reason we need regulation within the crypto space.  We have many scam project that uses the leverage of the decentralized and free nature of crypto to perpetuate scam and Rob investors of their funds. They establish this scam with fake large telegram  groups, fake team members and fake hype.  That is why it is advisable to always do research in depth before investing as an investor, check to see if the team information are verifiable on LinkedIn and from other crypto verified and reliable rating sites