So many altcoins

[albrots]

The opportunity that is indeed utilized by scammers to raise fresh funds from investors with ICO and IEO that will look successful and with big discounts. The innovations they made did not exist, only copied the existing and disguised framework. Altcoin world is too much inhabited by scammers who want to drain your money. every day continues to grow, but we also have to grow and promote projects that are truly original. Don't be inferior to a scam project that is useless. Report if indicated a scam to leave immediately.

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[Inkdatar]

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

We cannot control other people this is why many have been a victim of a scam because of lack of education,  and lack of research of a project. There’s so many created project some of it a carbon copy and no uniqueness so we should be careful in choosing a project to invest. This is a learning lesson to all of us to always assess a project before investing.

[Pelunize12]

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

i believe too that there are some people invest without any research. but i wonder why it can happen continously
in my logic, if we fail/ lose, we will learn from knowledge. it must be applied to investor. they will learn from their mistake. that's reason why i wonder about that
Fortunately, shit projects decrease so drastically now compared with 1-2 years ago

[DosManos]

yes we are developing the ecosystem of "i will make my own project" instead of "i will use existing project for my needs"
and it will be that way until openning a new project wont make people enough money to cover their expenses
its much cheaper to build something on an existing platform and it can be very useful for the platform that it built on and for the entire ecosystem if thing start to work that way.

[BitcoinHunt3r]

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

i believe too that there are some people invest without any research. but i wonder why it can happen continously
in my logic, if we fail/ lose, we will learn from knowledge. it must be applied to investor. they will learn from their mistake. that's reason why i wonder about that
Fortunately, shit projects decrease so drastically now compared with 1-2 years ago

Instan profit, without hardwork. It will be same with why people still do ponzi scheme when know it end is to scam people. And it is worse than ICO for now, at least ICO although make people lose money, they not lose all their money except if it is not listed in market. But all of it still appear, new project keep appear because there are demand of it. If people start to stop ask for it, they wouldn't appear anymore.

[adaseb]

Right now the only alts which are showing some movement are the large cap alts and mostly the ones found on the Bitmex futures or the alts with USDT pairs on Binance. Many of the medium or small cap alt coins are still at all time lows.

The reason why these alts are showing activity is mostly due to speculations where everybody wants a repeat of January 2018 where the altcoin market went crazy when bitcoin was pulling back.

This week we are getting large moves on the main alts like TRON, BCH and ETH. It looks like people are selling their BTC and buying these alts or selling their USDT/USD and buying the alts. It all points to the start of a bull-run.

[toast]

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

it is true that many projects today end in fraud because investors are not careful and smart in analyzing every project used to invest and of course there are many altcoin coins that have no price and value and now it is very difficult to find projects that can benefit in our investment. more thoroughly

[Shasha80]

With many altcoins like this bring negative effects on cryptocurrency. Because it's easy to create ICO / IEO projects many
people are more interested in creating their own projects than using existing projects. This is an opportunity for scammers
trapping his victims, through scam projects. Or the token managed to enter exchanges but did not have the large volume
and become shitcoins. So from that conditions like this must be overcome from ourselves more carefully in choosing coins
or projects that are profitable.

[Altcoins enthusiast]

Maybe in future we would understand that bitcoin can do almost what others coins that has low market capitalization are doing and some of them will die a natural death. It is a new market and developer are taking the advantage to get their own shares of the market.

[republicrypto]

well, maybe a lot of altcoin in the market for now could be an opportunity for us to selecting the best one,,
because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards

[Kotone]

Probably it will continue as long there is no governing body that creates regulation to implement about creating new projects. That's how decentralization works, you can actually create project you want but not subjected into any strict rule, unless youre in a country like US prohibit this kind of investment scheme where investors can be scammed and lose asset instantly. I'm not blaming SEC for such action but they have been really pushed.

[LouVandetta]

the problem is that the community has changed from "wanting to see new projects that create a decentralized peer to peer currency" to everyone wanting a different thing "wanting to see projects that can give them the most amount of profit".

so if you look back, in early years we saw most altcoin projects be good or at least have some fresh ideas (i am talking about the first couple of years like 2010), but when you compare it with these days every project is only a money grab thing and people only want to trade them on exchanges. nobody even runs their wallets/nodes anymore.

Exactly, Nowadays people only care about how much amount of profit they could make from a certain project.
People used to think like how fresh the ideas of ones project and cannot wait to see how far the progress it could make back then, than when it dives to an exchange, trade them and we're done.

With how many altcoins now, it's hard to choose only few. Even when the new ones comes out, it didn't really attracts people's attention.

[xvids]

the problem is that the community has changed from "wanting to see new projects that create a decentralized peer to peer currency" to everyone wanting a different thing "wanting to see projects that can give them the most amount of profit".

so if you look back, in early years we saw most altcoin projects be good or at least have some fresh ideas (i am talking about the first couple of years like 2010), but when you compare it with these days every project is only a money grab thing and people only want to trade them on exchanges. nobody even runs their wallets/nodes anymore.

Well things change and the community is now full of those kind of people.
After all they just get into crypto to earn profit they got interested when the price was flying high.
They don't really care about the project all they care about is the profit.

[NathanJB]

the problem is that the community has changed from "wanting to see new projects that create a decentralized peer to peer currency" to everyone wanting a different thing "wanting to see projects that can give them the most amount of profit".

so if you look back, in early years we saw most altcoin projects be good or at least have some fresh ideas (i am talking about the first couple of years like 2010), but when you compare it with these days every project is only a money grab thing and people only want to trade them on exchanges. nobody even runs their wallets/nodes anymore.

Well things change and the community is now full of those kind of people.
After all they just get into crypto to earn profit they got interested when the price was flying high.
They don't really care about the project all they care about is the profit.

Indirectly though, people care about the project. Because if a project fails, their desire for money also fails. If a project acquires success and gains positive return, they will also gain profit from their investment. This is now the trend. The success of the project is being taken as a success for money. It is not being taken as a success for the product the project is promoting or the success of the world in gaining a new technology. The success for crypto to a lot of people is the rise in price and nothing else.

[matchi2011]

Probably it will continue as long there is no governing body that creates regulation to implement about creating new projects. That's how decentralization works, you can actually create project you want but not subjected into any strict rule, unless youre in a country like US prohibit this kind of investment scheme where investors can be scammed and lose asset instantly. I'm not blaming SEC for such action but they have been really pushed.

It will continue this way as more and more developers will find new sets of ideas and proposed new project from time to time. Unless regulations will take place and prohibits new project. Though there's negative impact but looking for a brighter side,it can also give potential project to stand up and bring success to it's target audience.

Just be careful if you still positive with this industry make sure to do your research to avoid being victimized of scam projects.

[bitgolden]

Maybe in future we would understand that bitcoin can do almost what others coins that has low market capitalization are doing and some of them will die a natural death. It is a new market and developer are taking the advantage to get their own shares of the market.

Please tell those who are making use of those low quality altcoins and ask them what they offer that bitcoin does not, because I don’t understand why people would leave bitcoin alone and be making use of some of these coins that have no real value and are only riding under the hype of bitcoin, or claiming that they have a system that is better than bitcoin which I think it is absolutely insane to even think of that.

The reason why the cryptocurrency is more like a speculative market right now is because of some of these fake projects that have nothing to offer than to end up scamming people, and this is why we have actually been asking the government to come up with regulation which I would say that it is because of lack of regulation that all these bad projects keeps getting registered.

[tenakha]

I risk creating a duplicate question. But I'll try.

A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?

Yes, some projects look interesting and potentially. I like the idea of ​​global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.

Crypto is a free sphere, and this freedom is not what you or I want. So it does not work with your or my rules and it is normal to have something different like this. Actually, unlike you I do not want to sell my freedom for anything. We accept this market as it is. It is the freedom itself that connects me here. Otherwise, I was already busy with Forex.

[BitCoLovey]

Those slightly smaller texts are more interesting than the bigger ones. The absence of control is itself the reason why the future of cryptocurrency looks clear. The future of fiat is vague because it is under control. By whom? By the elites, so few of them, controlling the rest of the population. It is a problem when money is in the hands of the few, the creation, control, supply, etc. It is less dangerous if money is out of control of everyone. What is needed is the money, decentralized, under no one's control.

By their instincts, no ordinary person is different from the representative of the elite. It is better when the power belongs to those who know how to control their instincts. This can be a representative of any class. If you give power to the crowd, instincts will prevail, as most people are not masters of themselves. Thus, FOMO and panic as two extremes are present in any market.

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

Is it possible to draw such a conclusion: not only the scammers are to blame, but the quasi-investors themselves that they give their money so easily... create a bait and risk. Probably many do not understand this.

well, maybe a lot of altcoin in the market for now could be an opportunity for us to selecting the best one,,
because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards

These many options are a problem, especially for most beginners. I look at these thousands of altcoins in confusion. TOP 100, TOP 10, only Bitcoin? The market will choose the best 1-3-5%?, that's right. Due to the unconscious majority. This looks too suboptimal.

***
I am grateful for many interesting comments.
The crypto industry reflects what all these people from around the world are worth. I guess the crypto community is not made up of the worst people. What would be crypto if everyone were here?..

[Chrystora123]

so many Altcoin??  I don't think there is anything wrong with that..  the more Altcoins that appear -> the more are selected -> the more that is not desirable -> the more that disappears.

The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.

You can't blame investors. Fraudsters today are very difficult to identify

well, maybe a lot of altcoin in the market for now could be an opportunity for us to selecting the best one,,
because we have a lot of options my friend
and i believe market will select only the best alts to survive
regards

right..  ICO / IEO projects that fail to develop, become solutions and steal the hearts of the public will disappear by themselves.

[boltz]

Honestly I'm so tired of new altcoins being created every day with the same purpose of making quick money and then leave without any trace from crypto space or those who won't leave , they will simply abandon the project because " WE HAVE NO MORE FUNDS TO SUSTAIN IT " .

Anyway , its the investors fault to keep them running because as long as they gather some funds, ICO's will inspire other people to create their personal ICO's which created an inflation of altcoins that confuse the new-comers as they don't know what to buy and hold anymore.