Too many projects is bad

[bitgolden]

Not going to name any names but I have been part of some bad projects myself and most of the time the project fails because community is not big enough or rich enough to keep it alive. You have to realize there are shady and scam projects that just steals your money and that is true but there are projects that fail because nobody backs it enough neither.

Some of the projects I was involved with tried their best, spent tens of bitcoins, probably hundreds of bitcoin to keep the project alive, improved it, fixed it, put new features in it but in the end whenever the price went up people just stopped using it and sold their coins so the coin never really took off, whenever it tried to there was brigades of sales. We can't blame the project managers for all projects, maybe most of it but not all of it.

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[Slingshot]

This is a serious issue we are having in crypto space and 60% or more of these projects isn't good to the space as the owners are not just to grow blockchain but to scam users and run. If only we can eliminate this and allow potential projects only on exchanges, the market will grow more and there will be good liquidity for exchanges.

[Mike Mayor]

I think too many bad projects is bad. I think having a choice is a good thing but when that choice becomes riddled with shit coin and scams it can become annoying since you have to dig even deeper to find decent projects. You are forced to wad your way through all the shit. I have just been reading how some people are fooled bit promising them 300% back in 7 days. Who falls for that?? Hundreds did.... I wish people would just stop. Those are not investments I wish people would learn what an investment looks like.

[Obito]

I totally agree. Picking out those who are in the market already is the very safest move and decision an investor would ever made as for today's project that we are bombarded by tons of fraudulent, and close to being failure project so being selfish to those who are seemed looking good yet completely unknown is much better than picking them out right away. Therefore a realistic criteria on where to invest (like this factor) is a smartest move an investor would ever made to avoid getting nowhere.

[aomakun]

I totally agree. Picking out those who are in the market already is the very safest move and decision an investor would ever made as for today's project that we are bombarded by tons of fraudulent, and close to being failure project so being selfish to those who are seemed looking good yet completely unknown is much better than picking them out right away. Therefore a realistic criteria on where to invest (like this factor) is a smartest move an investor would ever made to avoid getting nowhere.

Realistic thinking is indeed needed, in our investment we will always look for someone's work history or a place that certainly has a satisfactory level of security for us. therefore the history of work ever held must be our concern as well. because a person or place that already has a good level of experience will continue to develop its potential and I think it will be safer too

[Stargazer]

As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

On the other hand, is difficult to ascertain scam project at the beginning.
I advise that participants could choose to follow certain legit managers and managers that are producing scam projects will be alone to themselves and pack up with time 

Buddy, You should know that people got red trust by promoting scam projects like Nexxus Rewards, Zeux. This forum's members are always careful about the scam, Ponzi scheme, HYIP shits, so, no one is allowed to promote scam projects here. But how can you protect a project that was good but now they scam or run away? That's the question and its the thing that OP trying to say.

[leatutz]

The thread is self moderated, though I would not be removing posts except if they are really terrible, it has nothing to do with whether you agree or disagree with me.

The other day, I read a post which the poster said:(i am not explicitly quoting the OP though)that if the altcoin market manages one good project out of the many that it produces daily, then it's a success for the altcoin market(i am not against his opinion, but I disagree)
Searching for good altcoin projects is now similar to looking for a needle in a haystack, you either get tired or exhausted and quit looking, or you find it after a terribly long, long time, this is synonymous to what altcoin investors will have to go through/and are going through, and it can only stop when the good projects are the only ones investors are attracted to.

But since the market is decentralized, and you cannot really prevent anyone from creating shitcoins, what can then be done to promote only the good projects, imo investors should avoid new projects for a while, they either are coming out with the same plan as the previous ones and will only fail just as their "predecessors" did, and focus more on the projects that are already in the market, picking out the few that are good and investing/promoting them. If new scam projects are not getting any substantial investors, I believe the good ones that are in circulation in the market already would improve and more good projects could sprout up from them.

Other valuable suggestions are welcomed, let's have a quality discussion.

Of course only few successful project we are getting from cryptocurrency. That's make us sick. Coinmarketcap isn't bad that we know, everyday 0-5 coin/token are listed. Every year new 1K coin/token where we have already over 3k altcoins. New process is IMO that's quite interesting to me, but still no guarantee for new coin.

[Bonwin]

...I believe the good ones that are in circulation in the market already would improve and more good projects could sprout up from them.

Other valuable suggestions are welcomed, let's have a quality discussion.

Are you saying that the projects that are already in existence, particularly the old ones should be the ones to bring up new projects?
I do agree with you on some points, but Inasmuch as the crypto space is still what it is, there will always be new projects, which is a welcome idea. Our duty is to sieve out the best from them and focus on them. Well, the success rate of these projects has seriously reduced and there is no doubt about that.

[mamahdedeh]

As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

On the other hand, is difficult to ascertain scam project at the beginning.
I advise that participants could choose to follow certain legit managers and managers that are producing scam projects will be alone to themselves and pack up with time 

Buddy, You should know that people got red trust by promoting scam projects like Nexxus Rewards, Zeux. This forum's members are always careful about the scam, Ponzi scheme, HYIP shits, so, no one is allowed to promote scam projects here. But how can you protect a project that was good but now they scam or run away? That's the question and its the thing that OP trying to say.

we can only predict a project, and we always follow its development, in every step that will be taken by the developer, of course there is a signal that can be read. so we can avoid before. but sometimes due to the large number of projects that are followed, we cannot follow it closely, and ultimately are missed

[103deltafox]

Like most people would agree, it's a free market and regulations might be difficult to take control over such market, one thing that will put these shit projects to check is when investors or probably bounty hunters begin to check these projects before venturing in. Many of them are really just not it. If you take your time to go through it, you wouldn't even venture into it

[Mike Mayor]

Like most people would agree, it's a free market and regulations might be difficult to take control over such market, one thing that will put these shit projects to check is when investors or probably bounty hunters begin to check these projects before venturing in. Many of them are really just not it. If you take your time to go through it, you wouldn't even venture into it

You can't just use legislation all the time as an excuse. We don't need regulations. People just need to start thinking and stop giving into lies scammers tell them. YOu cannot say we need regualtion to protect us. People need to think and protect themselves as well. Crypto is decentralized to begin with so we don't need an "upper" power telling us what is safe or not. You know a hot fire is unsafe to put your hand in, you don't need anyone to tell you this. The fact still remains that fire is hot. So don't put your goddam head right into it.