So many altcoins

[drachman]

Too many "blockchain based" project nowdays for a quick pump&dump. A lot of potential in the new tokens but you have to find the right one.

No, there is almost no potential in any of the new coins, if the new projects were full of new experimental coins that may not last long but that actually were trying new ideas I can assure you the altcoin market will be full of investors trying to support the developers to their best of their ability, but what we see is a bunch of talentless developers creating the same coins over and over again, if you want to participate in pump and dumps be my guest but no investor with skill will invest in those projects.

[Russlenat]

If investors grow and there are many but no successful project or just a scammer do you still want to become an investor?

Investors will not grow if they don't see a potential to invest in the market.
There are a lot of scams, that's already given but these coins that are legit and has a potential are what we are investing.
it doesn't matter if there's a lot of scams as long as you know how to choose the best coins in the market.

If you think it all depends on the investor it is wrong because they both need each other.

But there is no project if there is no investor, they are raising money so basically they need an investor to trust them.

[SquallLeonhart]

Imagine if there are no stupid investors, so the shit project wont grow. it would affect, no new shitcoin in the market.
the must important thing doesnt invest in new project, but just invest on new good project. both are different

Trying to understand what you mean here is a little bit very hard for me, because I dint know why you are putting all the blames on investors and the reason why you have probably not been scammed in one way or the other is because you are more on a hunter and moreover, let us look at it from your own side too, as an hunter, is it every project that you have done that has been successful? Does that mean that you have been stupid too for the projects that you are have been engaged in too?

We all know that it is not so easy for everyone to actually be able to know some of these projects and be able to pick the good ones, except maybe you want investor to totally disregard the ico market completely and not invest at all again which you know will definitely make the market have a daunted growth.

[tiptopgemdotcom]

The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.

[marcous]

Sometimes it becomes a dilemma with a large choice of coins. almost all of them have the same goal without the benefits that outperform other coins. but the development of many Altcoins cannot be prevented. sometimes some founders may have several projects, however the way they differ in the promotion. this all became a chain in the crypto world because more and more people competed to create altcoin automatically many new exchangers would appear. And that's how they survive in making money in the crypto world.

[aomakun]

The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.

it is indeed difficult for new projects to dominate in the market, especially for new projects that have the same concept as existing projects. maybe a new project will come alive if it has a great appeal from the community, in the concept they have to excel or not they will only add to the list of useless coins

[iv4n]

I'm thinking something, without so many new alts we wouldn't have fun, don't you think so? Now everyone is free to create alt, its easy, even easier if you plan to create some token. People do it all the time, and most of them do that just to scam people, but I like to believe in hidden gems, alts with real meaning and future purpose. This market is getting shaped all this years and that process will last for years, we have many alts, and I believe we will see many more of them in the future.

[drachman]

I'm thinking something, without so many new alts we wouldn't have fun, don't you think so? Now everyone is free to create alt, its easy, even easier if you plan to create some token. People do it all the time, and most of them do that just to scam people, but I like to believe in hidden gems, alts with real meaning and future purpose. This market is getting shaped all this years and that process will last for years, we have many alts, and I believe we will see many more of them in the future.

I cannot deny that it can be really entertaining to watch new coins and see how they develop, but lately this has been getting kind of boring, developers are not really putting too much effort in their coins these days, it is as if they know there is no chance their projects will become a success and they have decided to use them to try to gather all the money they can and then forget about them, in the past I supported the huge number of altcoins thinking something good will come out of them but now I have withdrawn that support since I do not believe that anymore.

[Duzter]

I'm thinking something, without so many new alts we wouldn't have fun, don't you think so? Now everyone is free to create alt, its easy, even easier if you plan to create some token. People do it all the time, and most of them do that just to scam people, but I like to believe in hidden gems, alts with real meaning and future purpose. This market is getting shaped all this years and that process will last for years, we have many alts, and I believe we will see many more of them in the future.

Agreed, more and more altcoins with realtime usage will reach the market over the falling years. Same as mentioned very few altcoins come with minimum viable product, while majority ico project gets tokenised. This is where projects go as a scam, because without any backing the investment is being requested. Further they can't give any updates on the project.

[yohananaomi]

so the most important thing is about the investors themselves who should have good knowledge before investing in scam projects that have sprung up in this industry, when investors have better knowledge, the underhanded developer will not get any profit on projects created just for get individual benefits

unfortunately every day a new altcoin is being added to the market. and people's quality projects are lost in this dump. it is in our hands to prevent this, we should not invest in any new project and increase their appetite

That is why kodtycoon said that investors mush have good knowledge

Imagine if there are no stupid investors, so the shit project wont grow. it would affect, no new shitcoin in the market.
the must important thing doesnt invest in new project, but just invest on new good project. both are different

All will also try not to make the wrong move to join / invest in new projects that are not profitable but the problem is they are smarter to be able to fool many people into joining. obviously he wants to join a good project but now it is standard that the project must be good, very difficult to determine. then no wonder there are still many who get caught up in scams.

[rose9696]

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.

Yes, that is the current state of the crypto market and scammers realize the potential and continue to create bad projects. This stems from people who have been in the crypto market for a long time but not richer than those who participated before 2015. They are always motivated to invest in profitable projects x1000 and the result is being knocked out by greed. It seems they need a lot of failures in order to become a smart investor.

[Exidous]

The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.

it is indeed difficult for new projects to dominate in the market, especially for new projects that have the same concept as existing projects. maybe a new project will come alive if it has a great appeal from the community, in the concept they have to excel or not they will only add to the list of useless coins

New coins in this period often do not receive the attention of investors and that makes some projects crisis and if not specific strategies, that coin is only shitcoin. This market is very competitive and this year more than 90% of altcoins are wiped out of this market so think carefully before making an investment decision because no one can guarantee your profits.

[drachman]

The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.

it is indeed difficult for new projects to dominate in the market, especially for new projects that have the same concept as existing projects. maybe a new project will come alive if it has a great appeal from the community, in the concept they have to excel or not they will only add to the list of useless coins

New coins in this period often do not receive the attention of investors and that makes some projects crisis and if not specific strategies, that coin is only shitcoin. This market is very competitive and this year more than 90% of altcoins are wiped out of this market so think carefully before making an investment decision because no one can guarantee your profits.

If a coin is any good you can be sure that investors are going to put attention to it but when so many coins are scams or do not improve anything that bitcoin does it is completely fair for investors to ask themselves why they should invest in those coins? And they very quickly come to the conclusion that it is not worth to take the risk to invest in those coins when they have so little chances of surviving especially when it has become common knowledge that most icos for some reason or another have a high chance of failing.

[Reatim]

majority of newly created altcoins  now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting  out and not putting money anymore thats why the real victim is the market and not those individuals.

[BChydro]

Yes, that is the current state of the crypto market and scammers realize the potential and continue to create bad projects. This stems from people who have been in the crypto market for a long time but not richer than those who participated before 2015. They are always motivated to invest in profitable projects x1000 and the result is being knocked out by greed. It seems they need a lot of failures in order to become a smart investor.

Scammers will change their strategy and come up with convincing projects but now a days people are aware of the scum bags in the market as there are plenty of scam projects and majority lost their earnings to those scammers and none of the early investors will invest in any of these projects and hence many of the projects die off from where they start.

[fourpiece]

majority of newly created altcoins  now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting  out and not putting money anymore thats why the real victim is the market and not those individuals.

you got it bro , projects that appears everyday are scam and just collecting money from investors then ran away, scammers will again create a new project with fake identities just to collect money and ran again.

[shoreno]

no you cant risk duplicating a question if you will only know how to use the search function of the forum  .
if people knew that these new cryptos are going to be unsuccesful then why would they still pay for it  ? will they repeat the same mistake over and over again  ?  surprises are better  than boring but this junk cryptos can sometimes be the reason for the market to collapse  so be careful what you wish for .

[Innocant]

majority of newly created altcoins  now are just for money,meaning almost all of them are generic projects there are only very few that is running a new concept and original one.
these altcoins dont need to be here because many of them are just scamming investors and the outcome is those particular victim instead of staying here to invest is getting  out and not putting money anymore thats why the real victim is the market and not those individuals.

you got it bro , projects that appears everyday are scam and just collecting money from investors then ran away, scammers will again create a new project with fake identities just to collect money and ran again.

This will be worst experience if we invest those project that want is to scam to those investor that have no experience in investing. So that's why many project are fake and make some coins that have no value on when the project run away or disappear in not time. So those who invested will be cry for losing their money. We all know there are lots of altcoins but one them are not worth to hold or trade.

[ajaymukund]

In fact, the investment is also quite good and bring a lot of profits if we choose the right project. You are only talking about bad projects but there are also many successful projects such as Matic, Rune, Bittorent, ONE, ... so our problem lies in investment experience. You know, in this bustling market of manipulation, a colder head is needed than in other financial markets. Don't blame it, there are still many successful projects out there and your job is to find them.

[Bezobraznike]

   I think it's a good thing that we have so many alt-coins. More alt-coins makes everything more interesting, they are
reflection of crypto-currency growth, more alt-coins, higher competition, better results in the end.
   But not all alt-coins are good. Many went to zero, many are going there, just the strongest ones will survive this
hard competition, and the ones that survive will be here in the future, if I may add with much higher value then they
have now.