So many altcoins

[VeeTeaSee]

its clear to me now that even if you make an interesting project it wont get so much attention like in the past
you have several new interesting ones with 5 million marketcap and barely have followers and attention
i think that the market starts to mature and the bunch of new projects popping every week will stop

[Inkdatar]

Yes i agree there so many altcoins and most of them are not doing nothing that can bring attention and people to invest on them, are here just to take some fraction of whole crypto market.

With so many altcoins in the market we have to assess if we have plan to invest. Actually some of the altcoins just not worthy of our money. Even in my wallet it just a display no value at all. Many projects created and people should not trust easily when investing.

[Cherylstar86]

Yes i agree there so many altcoins and most of them are not doing nothing that can bring attention and people to invest on them, are here just to take some fraction of whole crypto market.

With so many altcoins in the market we have to assess if we have plan to invest. Actually some of the altcoins just not worthy of our money. Even in my wallet it just a display no value at all. Many projects created and people should not trust easily when investing.

Having those altcoins may confuse us in which there are also useless altcoin. I would say much better to study more time to find a good coin that can give a huge profit in the future. Also, it may also refer the support of many users as well as the advocacy and objective of the kind of altcoins. I believe soon some altcoins will pump as it will relying the value of bitcoin in the future.

[Apened]

It depends to ones investor how they will be able to see this altcoins and if they will get the opportunity. But for me it is all about the profit lets get into the point that nost of the new projects are introduced and intended to make money. The next is on how they will be going to pursue the project since we know that crypto is not stable so there is a higher possibility failed if they do not spend the money well or take advantage because they already have the money.

[mr_random]

It depends to ones investor how they will be able to see this altcoins and if they will get the opportunity. But for me it is all about the profit lets get into the point that nost of the new projects are introduced and intended to make money. The next is on how they will be going to pursue the project since we know that crypto is not stable so there is a higher possibility failed if they do not spend the money well or take advantage because they already have the money.

The higher possibility of failing is still actual due to the lack of swimming skills with crypto whales. The bleeding altcoins don't go over their average MA value after the previous bull market and conditions is not easy for project to continue their development. The low value of money is another side of problems because the collected ETH doesn't have the same USD value in the token sale.

[LordShanken]

I think that every developer (at least at the beginning) believes that his idea will succeed. It is true that competition is currently very high, but it is competition that drives development. There is no doubt that most projects will fail. There will be no money for development, the developer will change his mind, the idea will not appeal to the community or it will just be a bad idea. The cryptocurrency market is just at the beginning of journey and many developers also want to enter it. I think there is still room for new ideas. It all depends on creativity and commitment, and a bit of luck.

[Kersh768]

I do think a lot of new projects are not really necessary. It is often a case of thinking 'I want to make money from crypto, how can I set up an ICO and get into the market?' rather than genuine technological innovation, or any real need to the solution to involve crypto at all.

I suppose this is inevitable as the money in the sector grows. There is certainly room for further innovation and new solutions - but these are drowned out by the flood of new coins that either don't offer anything, or else offer something that is unnecessary and can be delivered already by an existing coin.

Totally true. There are lots of existing crypto currency coins (Altcoins) in the market which most of them are not really necessarily existing at all because most of those coins are just alike from one another. They just add up some sort of unique promotion or feature just to look new and innovated but the truth is that it is the same thing. Existence of most crypto coins nowadays are just primarily for the sake of earning money just like what you have said that the usage of the latest or innovated technology is set aside because many people only focuses on earning more money rather that maximizing the feature of the coin into variety of things that it can be usable since they are just want to purchase then get into trading to win back what they have spent that is why many projects have sprout offering great values of coin than the main purpose or usage of it in society.

[marcous]

I do think a lot of new projects are not really necessary. It is often a case of thinking 'I want to make money from crypto, how can I set up an ICO and get into the market?' rather than genuine technological innovation, or any real need to the solution to involve crypto at all.

I suppose this is inevitable as the money in the sector grows. There is certainly room for further innovation and new solutions - but these are drowned out by the flood of new coins that either don't offer anything, or else offer something that is unnecessary and can be delivered already by an existing coin.

Totally true. There are lots of existing crypto currency coins (Altcoins) in the market which most of them are not really necessarily existing at all because most of those coins are just alike from one another. They just add up some sort of unique promotion or feature just to look new and innovated but the truth is that it is the same thing. Existence of most crypto coins nowadays are just primarily for the sake of earning money just like what you have said that the usage of the latest or innovated technology is set aside because many people only focuses on earning more money rather that maximizing the feature of the coin into variety of things that it can be usable since they are just want to purchase then get into trading to win back what they have spent that is why many projects have sprout offering great values of coin than the main purpose or usage of it in society.

Well, I have the same thought, for what so much Altcoin was created, but there is no clear development and function. sometimes 1 development or CEO can have more than 2 altcoin products that are actually connected to each other. but with their alibi that the coins are mutually supporting prices to be stable.

[drachman]

Yes i agree there so many altcoins and most of them are not doing nothing that can bring attention and people to invest on them, are here just to take some fraction of whole crypto market.

If most coins were actually trying to do that then things will not be as bad as they are, thousands of coins trying to have a larger share of the market will be good for us because that will increase the competition and it will surely bring us better coins, but what we see in the market is a bunch of scammers that do not really care about that and they are only interested in raising as much money as possible through their ico or ieo and then disappearing with that money.

[crossabdd]

according to the crypto system. i.e. decentralized, so what? there is no control whatsoever even the growth of ICO / new projects, it can't be controlled. so investors are the same. basically the crypto world is looking for big profits in a short time. this is the current understanding of projects and investors. and as a result is fraud and investors lose. we can't control them. but we can educate them, so that the future of crypto is not destroyed.

[Distinctin]

I think that every developer (at least at the beginning) believes that his idea will succeed. It is true that competition is currently very high, but it is competition that drives development. There is no doubt that most projects will fail. There will be no money for development, the developer will change his mind, the idea will not appeal to the community or it will just be a bad idea. The cryptocurrency market is just at the beginning of journey and many developers also want to enter it. I think there is still room for new ideas. It all depends on creativity and commitment, and a bit of luck.

I believe that was because of market competition but can't deny that new projects never such competitive ideas that could attract investors. Cause what I see most of newly created altcoins today are just scam, its developers never think what they could help to the crypto community but a selfish enough to think of their own benefits.

[Jiyens3]

I do think a lot of new projects are not really necessary. It is often a case of thinking 'I want to make money from crypto, how can I set up an ICO and get into the market?' rather than genuine technological innovation, or any real need to the solution to involve crypto at all.

I suppose this is inevitable as the money in the sector grows. There is certainly room for further innovation and new solutions - but these are drowned out by the flood of new coins that either don't offer anything, or else offer something that is unnecessary and can be delivered already by an existing coin.

Totally true. There are lots of existing crypto currency coins (Altcoins) in the market which most of them are not really necessarily existing at all because most of those coins are just alike from one another. They just add up some sort of unique promotion or feature just to look new and innovated but the truth is that it is the same thing. Existence of most crypto coins nowadays are just primarily for the sake of earning money just like what you have said that the usage of the latest or innovated technology is set aside because many people only focuses on earning more money rather that maximizing the feature of the coin into variety of things that it can be usable since they are just want to purchase then get into trading to win back what they have spent that is why many projects have sprout offering great values of coin than the main purpose or usage of it in society.

Well, I have the same thought, for what so much Altcoin was created, but there is no clear development and function. sometimes 1 development or CEO can have more than 2 altcoin products that are actually connected to each other. but with their alibi that the coins are mutually supporting prices to be stable.

Nowadays, there are a lot of Altcoin present, it has advantages and disadvantages when many altcoins emerge. Currently there are 100 Altcoins which are officially released. It is able to continue to increase according to the existing capacity. Of the many altcoins present, not all of the coins are experiencing such rapid developments. So the coins are encrypted. I only recommend choosing the top 10 altcoins as an option.

[cassavachips]

Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better

[Pelunize12]

Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better

although there are many new shit projects, but it doesn't mean that all new project is not usefull at all
bcz there are still a few new project which is really good. dont do generalize

you just become smart to find the good one, do some deep researchs is the key

[adroitful_one]

Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better

Personally, I would like to see more partnerships and ways to spend the coins than I would see coin devolpments. We're at the point now where new ideas are going to be hard to come by. I think it would be best if we focused more on actual use cases for the already existing coins than we do the development of useless coins.

[Wildwest]

Many new altcoins appear, a good thing for the future of cryptocurrency, with many altcoins will be able to pump market prices back from the dump, but during the bitcoin dump, many new projects are not qualified so that many make spammers so it is difficult to choose which projects new ones that have potential for the future, if we are really careful in seeing new projects, I'm sure there are still good new projects

[Dalmar]

Many new altcoins appear, a good thing for the future of cryptocurrency, with many altcoins will be able to pump market prices back from the dump, but during the bitcoin dump, many new projects are not qualified so that many make spammers so it is difficult to choose which projects new ones that have potential for the future, if we are really careful in seeing new projects, I'm sure there are still good new projects

The first step is the bull market, the rest will follow each other. The manual intervention is impossible,e and this kind of intervention can ruin the reputation of any project before they run out of the money. The new projects don't have a better perspective compared to the top 10 altcoins. The high interest is necessary for launching the new project, otherwise, it is not different to gamble with the additional money on volatile markets, especially in the bear market.

[wajik-tempe]

Many new altcoins appear, a good thing for the future of cryptocurrency, with many altcoins will be able to pump market prices back from the dump, but during the bitcoin dump, many new projects are not qualified so that many make spammers so it is difficult to choose which projects new ones that have potential for the future, if we are really careful in seeing new projects, I'm sure there are still good new projects

Not really good because most of them are scam, this will make investors confuse especially new investors who don't have any crypto knowledge they will invest in random projects. So the impact is the good projects will lost it's chance to get many investors because those investors are investing in bad projects, i think in the upcoming years the rule of making crypto projects should be more strict

[joshy23]

Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better

The said opportunities mostly turned into losses as the new project developers are scammers, they are just around creating new coins/tokens then collects funds and runaway with investors money. It's tough nowadays to expect same result from the past market like 2017, though there's some coins that still can be use to invest and gain profits but the risk is really getting higher.

[romero121]

Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better

The said opportunities mostly turned into losses as the new project developers are scammers, they are just around creating new coins/tokens then collects funds and runaway with investors money. It's tough nowadays to expect same result from the past market like 2017, though there's some coins that still can be use to invest and gain profits but the risk is really getting higher.

Once we've entered into cryptocurrency the risk is high, we need to learn little by little out of the market changes. We can't blame the project developers, earlier too this has taken place. But that isn't talked much as the growth those projects attained gave good earning. Further if they run out of the market too doesn't matter. From those days very few projects are keeping themselves updated and developing new things while majority has took their earnings and left.

Taking the profit out of the investors and moving away is happening even in this present time period, because the investment made or the buying is done through internet and not through direct face to face conversation.