Why most of ALTCOINS are dead or worthless?

[samcrypto]

Poor people from the Philippines just want a security when it comes to their investment and of course we work hard for it and as long as people from the Philippines earning from their trade, they will continue doing that no matter how small or big is that. Most altcoins are dead because of no usage in the market and even the poor people know where to invest properly. Bitcoin and eth is the safe haven, no one wants to miss the pump on this two great coins. Poor people are those who don’t know how to invest properly, even if you are on a rich country and even if you have the money. 

[1714764061]

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[1714764061]

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[ekans45]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.

As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.

Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.

With relation to this, although some of this alts are not scam the problem is that because of the number of alts out there, we cannot determine exactly what is their difference with each other. Clearly, they have no concrete goal or feature that can standout to other alts. On the other hand, as an investor we should really study first the alt before investing and we are not dumb enough to invest on something that has no credibility.

[gundala]

That is, the popularity of cryptocurrency and hysteria that makes it much in demand by many people are used by fraudsters for profit. So there are many projects that are built only based on efforts to get the most profit, without regard to the full use of the project. So that resulted in several projects that were no longer being developed and the developers disappeared. This can be a lesson for us all, promising projects are not necessarily legit, many things are unthinkable, so consider carefully whatever decisions you will choose in relation to investment, including ICO and IEO.

[TopT3ns]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.

As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.

Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.

With relation to this, although some of this alts are not scam the problem is that because of the number of alts out there, we cannot determine exactly what is their difference with each other. Clearly, they have no concrete goal or feature that can standout to other alts. On the other hand, as an investor we should really study first the alt before investing and we are not dumb enough to invest on something that has no credibility.

well indeed when having many friends who already understand cryptocurrency will avoid scams, but sometimes many new traders are shy to ask questions so that they get caught up in project scams and get scam on ICOs and other coin offers so that, it's not only that that makes altcoin prices fall and can not be expensive maybe it could be because of its development is not too good so few use and market conditions are also not too crowded, when market conditions are crowded it will make a lot of cryptocurrency prices go up like today many altcoins are making price increases because traders place exchanges has begun to increase

[Rodeo02]

Because is no more trade volume like was in 2017 and also cause many people not invest now on crypto after they see price of bitocin where is from 20k.

its not about the volume its the project it self why they are not interested to buy that coins. If there are no use cases of that coins /tokens it will surely be dead even the loyal community will leave sell thier coin/token if they see that they can make any more improvement to the project.

[Vishnu.Reang]

None of the projects with active development has undergone death in the cryptocurrency market. All those who have died are mostly scam coins, copycats and a few abandoned projects which showed a lot of promise in the initial phase. When I first entered the market in 2017, I also made the mistake in investing a few of these coins. It happens to most of the new users and there is nothing that can be done about it.

[Cryptoakash123]

As we know that many project came in the crypto world to just book their profit and they wont be doing anything for the project and the price if the coin will not be going good and that is the reason no one will go to buy that coin which result in the dead coins.

[miklesm]

The main problem of all of these worthless altcoins is that they do not have any use case in a real world. Their tokens are used only for price speculations which is very bad in a long term.

[mdzahed134]

Because is no more trade volume like was in 2017 and also cause many people not invest now on crypto after they see price of bitocin where is from 20k.

its not about the volume its the project it self why they are not interested to buy that coins. If there are no use cases of that coins /tokens it will surely be dead even the loyal community will leave sell thier coin/token if they see that they can make any more improvement to the project.

So true, lots of projects created tokens in eth platform but there are no enough loyalty. How can possible to uses all of those projects? investors deceived from most of projects. You can check that real uses projects survive strongly. Volume is no matter, i can't depend on volume for this current altcoins situation. Indeed, most of coins dead for real investors dropped out.                       

[thesmallgod]

People take advantage of things created with good intentions. Just because allow the creation of a smart contract does not mean it should be abused. And records have shown that even platforms that do not come cheaply like EOS to create a smart contract are not also left out in this scam ish. Many of the dead projects today cannot solely be attributed to scams. Some of them attribute the reason for their closure to the unsustainability of the project maintenance so it is better to go underground. Most Scam projects do not even get launched before disappearing to tiny air.

[qory]

Most altcoin only worth with short term and bigger chance to get profit with altcoin just several hour after listing on exchange market, after price dump is become the end of some coin back to higher price and little chance with coin ever dump back to higher price, many terrible moment with altcoin delist on exchange market.

[gandame]

Most altcoin only worth with short term and bigger chance to get profit with altcoin just several hour after listing on exchange market, after price dump is become the end of some coin back to higher price and little chance with coin ever dump back to higher price, many terrible moment with altcoin delist on exchange market.

Aside from the dumping of every investor after listing on the exchange, another reason for it is because the team itself stop improving and developing their project. They just make a profit at first then they will just let the project to die to create another one. They just repeat this action that is why most altcoins end up dying and becoming worthless.

[Tash]

Most altcoin only worth with short term and bigger chance to get profit with altcoin just several hour after listing on exchange market, after price dump is become the end of some coin back to higher price and little chance with coin ever dump back to higher price, many terrible moment with altcoin delist on exchange market.

it depends on the altcoin that you hold, whether in the list of top 100 coinmarketcaps or not ?, if it is still registered in the top 100 then the potential to recover can happen, but if not then it's better to leave it alone

Ah the old marketcap, arguably nothing has done more damage to crypto as coinmarketcap.

[Dr.Osh]

many factors cause altcoin to die, or not worth it, and some of these points are because they lost to the competition and no one needed the token. on the other hand, the developer may have run out of ideas, and funds to make other events. however, even for professional teams, if the concept they make cannot survive the times, the project will die, or be worthless.

[AleSergio]

In 2018 there was a hype and people started to earn money by creating useless coins, for example people started to gather money for some goods. Coins had zero value from the beginning, because on that time cryptocurrencie world, was mostly a kickstarter. Thats why there are tons of dead coins and only few have a value.

[ballerin and giroud]

In 2018 there was a hype and people started to earn money by creating useless coins, for example people started to gather money for some goods. Coins had zero value from the beginning, because on that time cryptocurrencie world, was mostly a kickstarter. Thats why there are tons of dead coins and only few have a value.

Agree, I will be fixed that cryptocurrency prices are depends  on hype. Whatever coin that was created as long as the market sentiment for cryptocurrency is good it means the market going to bull run then the coin will have a high price shortly. In that situation the investor will never look any kind of project, they just put the money depend on the news that spread or depend on promotion that beinf held by the project then it will give a good effect for the project. We can see from bounty hunter income at that time, I was heard that there is bounty hunter who got $50.000 from bounty campaign. But it didn't take a long time before the crash came and destroy the useless project that didn't have any function for the investor. But we can see the project who survive until this time because the project has the real function for the investor.

[Seville]

too much shitcoins.. scams and idiots falling for them

[memed97]

too much shitcoins.. scams and idiots falling for them

The idiots are people who do not use research on something they will love, because for those who use research in advance it will be difficult to fall in love with shitcoin at the beginning of its launch.

[BlackFor3st]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.

As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.

Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.

This is because those shit projects are only good at promise but they were unable to make it into reality. And because of this reason there are many projects that turned out worthless or dead.

If the team behind the project cannot maintain the demand of their tokens then time will come that they will end up dying even if they become successful to their launch. This is the other scenario that other projects are currently facing right now.

[Juse14]

Simple.

Because most of cryptocurrency who already created more than 2000 up to 70% of them its a ICO TOKEN, the reason why most of them become a shittoken & deadtoken the supply was to over cause the ICO Sale Phase without making his own volume first. Its really diferent with coins went the supply was really can be control because the circualtion need to be mined first.