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Author Topic: Altcoin Numbers Continue Exploding in Spite of ICO History  (Read 593 times)
jossiel
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January 22, 2020, 02:26:40 AM
 #61

Because they don't study the history of ICO's and all they think is that they'll still get a chunk of profit upon investing. But it's not like that anymore because it's on totally new situation now and it's about to die.
It is not because they do not study about the market, they just do not have the idea to make things successful nor wanted to complete the project, all they want to do is to come up with the idea and start collecting money and they know that they will get some investment and that is what they are looking for, stay away from any projects that are coming up in the next one year as all are eyeing for the market rally to cash out.
I'm talking about the investors and not the developers. But you're right with the developers perspective but success doesn't come overnight and if there is some formula that they have to know then it is to understand that ICO is no longer a good hype maker this day.



Yes, with that idea. They will recycle all of those ideas and the habit that they have with the previous projects that they've done. If the first project they've made became successful, later on they will abandon it to create a new one.
They recycle the same idea again with a new marketing strategy and that is happening in the market for a long time.
No, the marketing strategy is always the same and there's nothing new with those.

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January 22, 2020, 04:01:16 AM
 #62

everyone has different ways and strategies to benefit from the cryptocurrency project. some people still believe in ICO, IEO and STO because they think there is still a possibility for new altcoin to succeed. but I personally am not interested in investing in ICO, IEO and STO projects. because I have suffered a number of times even though I have done previous research. at the moment I only believe in bitcoin and some of the top altcoins.

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January 22, 2020, 06:26:29 AM
 #63

There are so many reasons why the token and altcoin project was created. The most common reason we know is to get money quickly through the sale of tokens to the public. We must understand the background of the project holder, because that can be used as a benchmark for whether the project will be sustainable. To be honest, I was fed up with the fake tokens that were circulating a lot, because at least it wasted my time searching for information that was actually not important. But I have to do it because I don't want to get caught up in the crap token project. I will only stick with altcoin and tokens which have shown continuous development.

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January 22, 2020, 07:09:43 AM
 #64

on the one hand because of their dependence on the crypto market situation, on the other hand because investor confidence has collapsed after seeing 2 seasons of many ICO fraud projects & projects delayed. maybe if the market has improved and the ICO Project shines again then investors will take part in it again. I believe 2020 is a good year for the cryptoqurrency market again.
Among these altcoins that floods the entire market I can see that many of thems are stablecoins which means they are using their own money and seek profit out of fee generated from each transaction maybe. It's doesn't always have something to do with investors though. Some of these altcoins might be just some attempt done by people to make a clone of existing ERC20 tokens or such and making fake smart contract to trap people as I've seen on many of decentralized exchanges.

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January 23, 2020, 05:26:14 PM
 #65

It's too easy to make a currency so junk coins are everywhere. The development team takes just a few taps to get a coin and then sells them and leaves.
In 2017 with the ICO boom, a lot of fraudulent projects made millions of dollars but now the ICO has lost the trust of investors so the new ICOs are mostly failed.
The large number of scam projects ultimately makes investors hesitant and unwilling to take risks in investing in new projects and most of them choose not to invest in new projects but prefer to invest into the top coins. This is a natural thing to happen when many projects end in failure so investors don't want to take a big risk with what they will invest.

I agree, people now just want to invest in top projects in the cryptocurrency market. New projects in particular and projects on the ERC20 platform are difficult to attract investors.
There is a need for stricter regulations on cryptocurrencies and newly created ICOs, at least a common standard for ICOs is needed.


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