New coins are 👎👎👎

[Samayuki]

New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

[Akiko]

New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

Simple answer is because  of profit they can earn if suddenly  the project they follow became successful.

Investors know that it will hard to get x5 or more if you invest in bitcoin but in Altcoins its possible to have that , but the question is what coins will give you high interest for your investment. They are always Looking for new potential project no guarantee  but its better to take that risk.

[cytpoway121]

New coins are seen as new investment way; the perfect opportunity to get atleast 40-60% of your investment back.
If you synchronize recent tokens; there is nothing exceptional in 85% of them; except that they are new, with knowledgeable team and intelligent listing and guess what ? Thats exactly what investors like.

Look through binance ieo listing, and see the trend curve, it preaches, profit, profit, for early investors.

[xSkylarx]

Most new coins are patronized by investors for profit. However, we should not close the door for new coins because we need new ideas and we should not just settle on old and stable coins. Take note that even those who are on the top of the market now had bad reviews and some are even hated by most investors when they first come to the market. There are a lot of new scam projects but there are still gold anong new projects.

[blockman]

I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

There's no other thing that they want. It's just about making the devs have their own quick buck profit for making those coins. You have understood it pretty well that there is no sense for making new coins anymore.
They tend to make new coins and saying that they will beat bitcoin, ethereum, and other established cryptocurrencies. But if you will analyze them, there is nothing that they can  actually offer anymore.

[bits4books]

"Why do we need new phones because existing phones perform all the same functions as well or even better than new ones!!!"
Do you know anything about how the market works? There is a demand for new coins as a means of making a profit - new coins appear (whether they make a profit or not is another question).
It is possible that in the future there will be coins that are better than btc/eth. cryptocurrency market will grow and develop. Think of it as an opportunity to go to McDonald's today tomorrow to KFC the day after tomorrow to Chipotle and next week to go to a Michelin starred restaurant.

[Metall303]

this is a bad strategy for me. Bitcoin will always be the most reliable, but I also believe that new projects have very great prospects and can bring huge profits and take leading positions in the ranking of cryptocurrencies.

[Ifra24]

Developer create project for many coins with new offers in terms of safety, speed, and comfort. The first orientation of Bitcoin as a digital currency using blokchain technology is not looking for profits to developers. In contrast to many new coins that are oriented to profit. It becomes a special value and makes bitcoin more valuable.

[crwth]

I was never hoping for any kind of new coin that can beat Bitcoin because it's never gonna happen, IMO. Just like you say, why would you want new coins for it? It's the developers that are going to benefit from the coins that they are going to make especially if it's for IEO or ICO, right? Then it would become a dead coin.

I'm just not sure if it would be beneficial to know any more altcoins at all, especially at this age.

[ashmodeus]

"Why do we need new phones because existing phones perform all the same functions as well or even better than new ones!!!"
Do you know anything about how the market works? There is a demand for new coins as a means of making a profit - new coins appear (whether they make a profit or not is another question).
It is possible that in the future there will be coins that are better than btc/eth. cryptocurrency market will grow and develop. Think of it as an opportunity to go to McDonald's today tomorrow to KFC the day after tomorrow to Chipotle and next week to go to a Michelin starred restaurant.

I still don't understand about what u say, bitcoin is a cryptocurrency,it is a decentralized digital currency, did u understand what currency mean ? and you dare to equate it with stuff ?
And also your explanation about how market works its no sense.
There is no demand for new coin, the first thing is project come to the market with a briliant idea,then people looking for it,then they speculate,are this good for investement or not.

[Mia44]

Very few projects were born with breakthroughs, most of which were born with two main purposes. One is the desire to become as successful as the previous coins but nothing outstanding, the other is to create fraud.

[Balladtony77]

There are too many frauds surrounding new coins and tokens, bounty hunters job is getting more boring every year, I think I will stop promoting projects and go for binance IEO launchpads

[WalkerIVIV]

New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

If you are not a speculators and then you should not try to deal with a new coin. You don't even have a strong reason why you want a new coin when others have used new coins to generate a decent return instantly.
You must understand not all of people are the same like you dude.

[Ryushin]

Better coins will still come but they will be hard to detect, many scammers are taking advantages of crypto space and new coins, I hope something can be done to this but never going to happen, I will keep trying my luck

[vietnamoi.vn]

My opinion don't think a new currency will beat Bitcoin. Simply because the technology of Bitcoin is constantly improving and perfecting day by day. And more importantly holding Bitcoin or ETH in the long run will bring us profit.

[Krislaw]

Most coins project's team created their coins for profit and not because of use case. All they do is create hype and list IEO on a big exchange knowing well that they will get money from investors and investors will also make over 50% after IEO.
Recent IEOs on Binance gave investors over 5x profit.

[kindbtc]

Obviously bitcoin and ethereum make the ultimate choice for all kind of investors, new projects are solely for risk takers because they can make or break you so only invest if you can afford to lose.

[FanEagle]

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

That must be a very smart decision a crypto adopter may take in their life time. If you were available some 3 years back to enlighten me about the importance of sticking only with bitcoins or may be with few other highly established altcoins, I probably richer by at least 5 bitcoins right now. Yes, I have spent more than 5 bitcoins and its total worth now is less than 1 bitcoin. At least 2 to 4 coins perform as per my expectations then I may recover my capital but there cannot be enough reward for 3 years of patience.

It would be always better to go with bitcoins but I decided to multiply my bitcoin stash through altcoins. Still, I did not invest with brand new tokens nor coins, but unfortunately even old coins also faced bad times. I still believe into waves and lick to perform well in coming days. But, I never recommend anyone to risk with them.

[Shallow]

I clearly understand your point, where someone will Invest in a new coin and the team will play their games and it will end up becoming trash. Most new projects today makes many think twice before investing and when they do, it will be on or during IEOs where they can take their profits and convert to BTC which is the best anytime.  Nevertheless, although BTC and ETH are the best, sometimes going for new coins increases the likelihood of adding more ETH or BTC to your portfolio which is also why most people still invest in new coins. But even at that, one needs to be very careful of the type of new coin he wish to invest in.

[Convery]

Only coins that make some sense are gambling and exchange tokens because both are backed by a real business that generate real money and this money can be used for burning tokens and buy back -> price of the token will grow constantly if exchange / gambling website will continue giving good results.