So many altcoins

[rijaljun]

New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.

This is true and we can't deny it. We, unfortunately can't stop the cash flow and since blockchain gives so much freedom and money to individual pocket is increasing.

But it is about freedom and rights to create new project. Regulation to control it, is also highly arguable.

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[hulla]

Although its looks like the altcoin market is crowded already but we can't stop investors of coming in with an idea of promoting their own commodities using the crypto currency concept so i think the problem should not about the constant new Altcoins that were introduced in the market but some people that are creating new Altcoin projects just to steal from the people.

No that's no exactly the current market situation because nowadays investors are shying away from ICO and anyways most of new ICOs are unrealistic and just there to scam investors of their money and bounty hunter by wasting their time. There needs to be a KYC for all the new projects which will keep the scammed away.

The crypto investors are not totally back off from investing ICO and new IEO project but investors don't trust much in ICOs cause it not all new project that are neither unrealistic, purpose to scam investors nor bounty hunter are wasting their time.
I believe the problem is also from the investors and bounty hunters end because they are recycling the same strategies used when crypto market is scam free when they needed an outstanding strategies to out smart crypto scammer while bounty hunter needed the knowledge to choose quality project.

[South Park]

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!     

Investors are not really responsible for the existence of those awful coins, the ones that are at fault are speculators, speculators do not really care if a project has a future as long as they can make money with it, when scammers realized that speculators only care about money they began releasing hundreds of coins that do not really bring anything to the community, then the only thing they needed to do was to wait for one of those coins to become popular and become rich themselves.

[mR.k0fka]

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.

totally agree with that
but thats how humanity works.. everyone wants to come and do it with something that he created
there are many new projects that are there just because business men dont want to come with investment of their own, its easier to create something.
thats how the world works and have to see the beauty in it .

[andreibi]

Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

Ahhh. Devs gotta eat too, you know. Even during the early years, there were a few projects which had zero-profit, contributing developers. Guess what happened? They quit because they cannot code for free forever - also their focus were not concentrated which meant longer periods between updates. The most successful projects were always the heavily funded and community supported.

[zidanw]

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!     

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental  !

[tonyvo2017]

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.

This is the nature of the crypto market and we need to accept it. Because fraudulent projects are difficult to raise capital on the stock market (IPO), so this is a good environment for them to scam people easily.
If the government intervenes in the market, I believe that many manipulated organizations will flee and the market will easily collapse.

[kanayaTabitha]

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!     

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental  !

Most of them are based on ERC-20 tokens , it's because creating an erc-20 tokens is easy and free. They just have to submit a form and create their own token.
This is like double edged knife for crypto industry because, many great idea from people who has no money want to create a project can be realize, but also people can make a fake project and their intention just for scamming people is easy to make.

[Kurokonobasuke]

I am so tired of it too! Almost everyday a new thread has been creating on Altcoins section! Even not every altcoins ANN thread is here, many are out there! Though this year, Harmony looked unique to me, but that's not enough. Crypto market has thousands of coins, most of them are shit! New people feels confused by seeing these new coins with same idea! Just have a look at payment section! It seems every months a new payment coin is being launched! Sometimes i think investors are responsible for these shit coins!     

Of the nearly 2,000 Altcoins currently available, if we filter, there are only hundreds that are indeed running the project. and most of the trading volume is even 0. there is no buy order so it actually harms us. in my opinion indeed for now we must be smarter in seeing this condition. the development is good but when it is not clear and tends to commit fraud this is very detrimental  !

Most of them are based on ERC-20 tokens , it's because creating an erc-20 tokens is easy and free. They just have to submit a form and create their own token.
This is like double edged knife for crypto industry because, many great idea from people who has no money want to create a project can be realize, but also people can make a fake project and their intention just for scamming people is easy to make.

Although it's quite easy to use ERC-20 tokens seem too easy, making it valuable to the market is the difficult one since you'll need to register it through the exchange and for your project become more popular, you'll need to register it to coinmarketcap in which you need to supply some of their requirement.

[sirminesalot]

Altcoins is growing time on time mate but mostly of them are copy paste project .what i mean they are fake or scam wherein they copying a good project only just to convince participants easily . Such the design of the site and all the good things that can be found in some legitimate projects. this is very common strategy now and reason why the number altcoins is keep growing because after scamming.they will disappear and will come up with another project with new name but the same patform and strategy. So we need to be careful on this kind of modus.

maybe because it's very easy for people who are not responsible to make fraud with it because there are no institutions or regulations that are binding in the law and it is used for people to make fake projects and lead to fraud and many investors who are disadvantaged in my opinion it's better to use altcoin which already has a ranking crypto market

[gaston castano]

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.

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

[cryptoangel]

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.

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

In crypto platform number of trust worthy projects also available in the market. But peoples are only concentrate the booming projects so how it will dump continuously is hard to said. So scam projects was reduce the people trustworthy and it will affect the some altcoins. I always concentrate the huge volume altcoins so those follow the same format it will make good profit.

[btc78]

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.

Common man don’t be so serious about them because new project is such a stupid thing to tackle,as you have seen almost everyday there are projects coming out and what’s next?another victim of scamming is shouting?lol stop listening and reading about him as I have stopped checking the ANN thread section and the bounty altcoins as well because they are not part of crypto community now instead those section must be deleted for victimizing crypto investors and hunters

[redsun114]

New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.

This is true and we can't deny it. We, unfortunately can't stop the cash flow and since blockchain gives so much freedom and money to individual pocket is increasing.

But it is about freedom and rights to create new project. Regulation to control it, is also highly arguable.

I don’t know what the government are still waiting for to establish a regulatory body for this since they too are already picking interest in cryptocurrency first from the digital asset of it, if they really want to benefit more from cryptocurrency too, they need to be able to provide adequate security for its users now that it concerns them, because whatever affect their citizens fund will also affect the economy of the country.

All of these altcoins that we see in the market, majority of them are the ones that really have real use case, while many of them have nothing to really offer other than to provide a scamming project that looks genuine to milk money out of people’s pocket. Investors are the one that need to just be smart about investment now.

[Innocant]

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.

Common man don’t be so serious about them because new project is such a stupid thing to tackle,as you have seen almost everyday there are projects coming out and what’s next?another victim of scamming is shouting?lol stop listening and reading about him as I have stopped checking the ANN thread section and the bounty altcoins as well because they are not part of crypto community now instead those section must be deleted for victimizing crypto investors and hunters

Iv'e seen also in the telegram after the project has done they are always complaining about the rewards. But instead of complaining must better to leave early and it was waste our time on there if no one knows listening or reading our comments and sometime they shutdown the group chat quickly . Ill think its our fault also on why we participated in such a scam project have fully scam us in the end. We are the same i'm just stop reading some project or annthread cause its like all the same platform.

[TelolettOm]

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.

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

Avoiding fraudulent projects on crypto is actually also difficult. although sometimes we are maximized in finding projects that we think are good but often also when time goes by the development that they do is apparently not acceptable to the community ?. this also includes projects that fail. their products do not go according to expectations and inevitably prices will also decline.

[novaprime]

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.

Of course it is only experienced by Beginnesr investors where they are only interested in the profit mentioned not with the products or ideas that the project will launch. in fact many aspects they can do to avoid fraud but they don't.

Avoiding fraudulent projects on crypto is actually also difficult. although sometimes we are maximized in finding projects that we think are good but often also when time goes by the development that they do is apparently not acceptable to the community ?. this also includes projects that fail. their products do not go according to expectations and inevitably prices will also decline.

Everyone researched carefully when investing but could not avoid risks in this market because altcoin this year will not help investors earn good profits. In fact, hundreds of altcoins are launched each year but there are only a few projects worth investing in so you need to consider carefully. For me altcoin is just a tool to make money in the bear market because even if the ecosystem of that coin is good, it will not help me much in my life.

[rijaljun]

I don’t know what the government are still waiting for to establish a regulatory body for this since they too are already picking interest in cryptocurrency first from the digital asset of it, if they really want to benefit more from cryptocurrency too, they need to be able to provide adequate security for its users now that it concerns them, because whatever affect their citizens fund will also affect the economy of the country.

Isn't it funny? We want to be free from centralized government and that's the reason why we use bitcoin, altcoins and other blockchain products. In the other side, we ask for a regulation for centralized government to help us avoiding scam projects.

[Quidat]

I don’t know what the government are still waiting for to establish a regulatory body for this since they too are already picking interest in cryptocurrency first from the digital asset of it, if they really want to benefit more from cryptocurrency too, they need to be able to provide adequate security for its users now that it concerns them, because whatever affect their citizens fund will also affect the economy of the country.

Isn't it funny? We want to be free from centralized government and that's the reason why we use bitcoin, altcoins and other blockchain products. In the other side, we ask for a regulation for centralized government to help us avoiding scam projects.

Simply a sample of contradiction of his statements or ideas.We love for some security and legality but come to think
that crypto is created for sole purpose of decentralization and anonymity but we cant really deny in exchange of its
flaws when it comes to security into its supporters.Scams are inevitable but somehow there were services who do
tries to track to those people who are involved with it.

[suzanne5223]

I don’t know what the government are still waiting for to establish a regulatory body for this since they too are already picking interest in cryptocurrency first from the digital asset of it, if they really want to benefit more from cryptocurrency too, they need to be able to provide adequate security for its users now that it concerns them, because whatever affect their citizens fund will also affect the economy of the country.

Isn't it funny? We want to be free from centralized government and that's the reason why we use bitcoin, altcoins and other blockchain products. In the other side, we ask for a regulation for centralized government to help us avoiding scam projects.

I totally believed the above user doesn't know or understand the major reason why cryptocurrency was first implemented and aside from that allowing the government to issue a regulatory body for the crypto sphere will make things worse and every crypto holder may run into debt either.
Meanwhile, we don't need any regulatory body but the crypto investors need to wise enough in selecting coins once that's done many shitcoin owner will exit the market.