Why most of ALTCOINS are dead or worthless?

[killerfrost]

I don't think it's ethereum's fault because they only provide help to anyone who wants to create a new altc. all the faulty new Altc developers who are less responsible, sometimes they just make Altc to make themselves rich quickly using the name ethereum as a whip to attract investors.

Sure, the ETH platform only makes it easier for altcoins to be created. The problem is that the owners of altcoin projects, they create altcoin projects to scam investors and try to make as much money as possible. We need to eliminate all altcoin scams in this market in order for the market to go up

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[b1boy]

As I would like to think the greater part of project just made with no venture. They simply make coins and sitting tight for high market cap . Nobody answer why individuals should purchase their coins. For me I join venture which have strong task and reminds me I should purchase and keep their coins.

[Ethereums]

yup i believe the one who responsibility for every project is their own dev and owner. If they start with a big good picture usually they will succeed. For example TRON whos now getting big when they turn acceptance into the gambling world. Many now try them since they fast and good enough for deposit option, but as a withdrawal option, if it more then some limit they had to be split as i knew and already test it.

[millionaireshs]

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.

The main reason why there are a lot of worthless altcoins in the market is that they have no clear difference or new feature with those existing alts. They are probably created to scam people or look for an investor that they will fool with their crazy project assumptions but in fact it has no concrete foundation.

[FairUser]

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.

The main reason why there are a lot of worthless altcoins in the market is that they have no clear difference or new feature with those existing alts. They are probably created to scam people or look for an investor that they will fool with their crazy project assumptions but in fact it has no concrete foundation.

New altcoins are currently created solely for the purpose of pumping out dump. It is only copied from altcoins that already exist in this market and nothing too different. I hope useless altcoins will die soon so that better altcoins in this market will be cared more and invested more.

[Chuky92]

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.

It happened then and still happening now where most projects are nothing but worthless, they come up with absurd ideas just to make way with funds generated and most of these projects are having their IEOs on most exchanges known for having bad records. On the part of Ethereum blockchain, I see it as a blockchain contributing its own obligation to the development of the crypto space, so whatever anyone makes of it doesn't concern the blockchain. Just like many scam projects used Ethereum blockchain in the same way many good projects used Ethereum blockchain and are still using it; therefore it is all a matter of perspective.

[bitcoinst]

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.

It happened then and still happening now where most projects are nothing but worthless, they come up with absurd ideas just to make way with funds generated and most of these projects are having their IEOs on most exchanges known for having bad records. On the part of Ethereum blockchain, I see it as a blockchain contributing its own obligation to the development of the crypto space, so whatever anyone makes of it doesn't concern the blockchain. Just like many scam projects used Ethereum blockchain in the same way many good projects used Ethereum blockchain and are still using it; therefore it is all a matter of perspective.

Basically often developers of new altcoins do not have clear ideas and objectives to achieve and they are not sure what their project is going to provide to users.
As you mentioned, they are simply able to launch projects but lack the capability of rubbing the project through ups and downs.

[irixo10]

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.

An altcoin can only be worthless or dead when the team want it to, that is, is it possible for someone to be working on a project, putting his efforts, money, time etc and the project still dies? The answer is NO. So everything comes down to the team playing their part, if they are willing to work, the project will continue surviving and so is the altcoin as well. On the other hand, there is no need to blame Ethereum blockchain for anything, humans are unpredictable and those creating scam projects were after money while some who created a good project were after the well-being of humans. Furthermore, there are still scam projects coming up everyday so there is need for due diligence at all times.

[DabsPoorVersion]

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.

It happened then and still happening now where most projects are nothing but worthless, they come up with absurd ideas just to make way with funds generated and most of these projects are having their IEOs on most exchanges known for having bad records. On the part of Ethereum blockchain, I see it as a blockchain contributing its own obligation to the development of the crypto space, so whatever anyone makes of it doesn't concern the blockchain. Just like many scam projects used Ethereum blockchain in the same way many good projects used Ethereum blockchain and are still using it; therefore it is all a matter of perspective.

Basically often developers of new altcoins do not have clear ideas and objectives to achieve and they are not sure what their project is going to provide to users.
As you mentioned, they are simply able to launch projects but lack the capability of rubbing the project through ups and downs.

Indeed,

They just simply create a new project and launch it in the market without a proper layout of where the project will go in the long run. They just create a new altcoin for the sake of money (simply making a new project as their source of money) and will just abandon after they collect enough money for their own good. They just repeat this cycle over and over that's why more altcoins keep on dying.

[CaVO32]

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.

An altcoin can only be worthless or dead when the team want it to, that is, is it possible for someone to be working on a project, putting his efforts, money, time etc and the project still dies? The answer is NO. So everything comes down to the team playing their part, if they are willing to work, the project will continue surviving and so is the altcoin as well. On the other hand, there is no need to blame Ethereum blockchain for anything, humans are unpredictable and those creating scam projects were after money while some who created a good project were after the well-being of humans. Furthermore, there are still scam projects coming up everyday so there is need for due diligence at all times.

I do agree with that. if the team is sincere in advancing their project and they already put too much resources in developing their platform, i don't think they will want their project die without a fight. they will find ways on how to stay afloat in the business. many projects that were dead were mostly created for the benefit of devs' pockets. and they don't have the intentions to move forward. even if the project is faced with bear season or criticisms, they will work on their project and continue to serve their objectives. that is, if the project is authentic.

[zulfi125]

This is true, most of the people creating tokens for making money and launch their tokens in different new exchanges and also paying BTC or ETH to old exchanges for their listing. When they got listed then, investors and traders buy these token and got lost due to greedy people who created tokens, so ETH blockchain should maintain criteria for token creators like verification of good project and some others so that traders and investors do not lose their money due to shit altcoins.

[Seth2009]

When I started in crypto market way back 2017 a lot of projects were all in bloomed.. But suddenly only a few survived.. Mostly were all failed and others were all SCAMS.. A great community and a strong support from it's own dev team can make a project at it's finest and not turned to SHITCOIN.. continue development and following roadmap can bring a project alive and kicking.. Even if it's slowly as long as investors sees dedication to team they will continue to support it..

[joshua123]

so ETH blockchain should maintain criteria for token creators like verification of good project and some others so that traders and investors do not lose their money due to shit altcoins.

This is a nice suggestion however it will lose its objectivity of having a decentralized manner where everybody has their rights to create and adopt new platforms. I know its quite absurd to use tokens freely just for promotion of new projects, I am in favor of the suggestion but there should be a catalyst that instill and preserved its purpose.

[OrangeII]

When I started in crypto market way back 2017 a lot of projects were all in bloomed.. But suddenly only a few survived.. Mostly were all failed and others were all SCAMS.. A great community and a strong support from it's own dev team can make a project at it's finest and not turned to SHITCOIN.. continue development and following roadmap can bring a project alive and kicking.. Even if it's slowly as long as investors sees dedication to team they will continue to support it..

most of these developers are unable to compete with other projects, or they are satisfied because they have gotten a lot of funds, and they have made products, and put their products into the market, after that they left. many projects get worse because of that. some die, and some of their CEOs become greedy and make the project a scam.

[quality.crypto]

When I started in crypto market way back 2017 a lot of projects were all in bloomed.. But suddenly only a few survived.. Mostly were all failed and others were all SCAMS.. A great community and a strong support from it's own dev team can make a project at it's finest and not turned to SHITCOIN.. continue development and following roadmap can bring a project alive and kicking.. Even if it's slowly as long as investors sees dedication to team they will continue to support it..

most of these developers are unable to compete with other projects, or they are satisfied because they have gotten a lot of funds, and they have made products, and put their products into the market, after that they left. many projects get worse because of that. some die, and some of their CEOs become greedy and make the project a scam.

Greedy because they have made a lot of money through their crowdsales, once after listing also they will make money by selling their hold tokens. I have seen many companies which they will raise for the developments and for them it is impossible to find the developer for their product developments. During their crowdsales, they will place the wrong profile.

[miningguru]

Because, many projects were originally created for the purpose of profit, through the sale of coins on exchanges, to some others, they were simply not lucky with a team that broke up due to various factors.

To develop any good coin, you need a very strong development team, and there are very few of them.

Everyone who invested are profit oriented so that says they are into profit why they run the project through crowd funding, however, there are two types of project, the legit and the scam ones, and we know that scammers does not have future plan on the project, all they want is to take the money from the investors and then abandon the project any time, and because of the lack of regulation int he crypto space, they are not afraid doing their scammy activities.

Unfortunately, I knew one really cool project that couldn’t take off, interesting community activity, quite strong developers, but, unfortunately, the main person in the project was too stubborn and did not accept criticism, as a result of which the project plunged into oblivion.

Like this there are many projects failed to develop what they mentioned because due to the crises of the market situation, whatever the coins they raised through IEO, crowdsales lose value. This makes many companies failed to develop the products whatever they mentioned.

[Novatech8]

Lack of good use case can easily kill a new coin, some developers are so stupid to waste time on projects that the world doesn't need at all on the blockchain and others have bad intent like scamming investors and running away with the money

[buharikx31]

I think the main problem why they are not getting popular and needed at market, that there is nothing unique on their technologies provided and that's why nobody want to invest in to suspicious cryptocurencies also because of lack of assurance on that techonologies which means lower proofs that the project will continue development and interest from people

[kakamrul]

I think some of these coins were manipulated as pump-and-dump schemes. Unbeknownst (or perhaps beknown) to the coins creators, ICO tokens could be bought up in massive amounts by a small group of investors who would then dump them onto an exchange at the first opportunity, dropping a coin’s valuation so low so suddenly that the coin was essentially “killed.” Various token sale models have been created to prevent this from happening, but that hasn’t stopped many from falling victim to this scheme.

[South Park]

This is true, most of the people creating tokens for making money and launch their tokens in different new exchanges and also paying BTC or ETH to old exchanges for their listing. When they got listed then, investors and traders buy these token and got lost due to greedy people who created tokens, so ETH blockchain should maintain criteria for token creators like verification of good project and some others so that traders and investors do not lose their money due to shit altcoins.

I understand what you are saying but at the same time this market is supposed to be decentralized, the solution that you are proposing to try to reduce the number of scam projects created is in fact admitting that decentralization is not really possible, what we need to do is to try decentralized solutions and the only real option is to try to educate people about the dangers of the scammers in this market and how once scammers get your money there is no chance of getting it back, this is obviously a slow solution but I think we are are making progress as it seems less people are getting scammed compared to previous years.