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Author Topic: What future is expected for new altcoins?  (Read 961 times)
Slow death (OP)
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June 17, 2020, 08:46:56 AM
 #1

do you think new altcoins will have a good future?

What do you expect from the new altcoins?

today i took the time to see some projects and found some things that made me think: What future can we expect from new altcoins?

to get an idea I found these projects:

Banana Bomb

Banana Bomb is a Deflationary/Reward Token with a Destruction rate of 3.5%. This means the total supply decreases with each transaction. Reward Rate of 3.5%, it means 3.5% of every transaction is sent to a reward wallet. These reward tokens are then distributed to a randomly generated number of users every month.

https://www.bitcoin-monkey.com/banana-bomb

I didn't see any team member


satoshivisioncoin


GLOBAL P2P PAYMENT SYSTEM

SVC is a token for P2P transactions. Our vision is Satoshi Vision use SVC as BTC. SVC is alternative to Bitcoin.

https://satoshivisioncoin.com/

I didn't see any team member

it looks like a project to steal people's money

moneytoken

A decentralized ETHEREUM based Network

https://moneytoken.xyz/

I didn't see any team member

it looks like a project to steal people's money



I could put more other projects, but for now I think that with these projects that I put in, we can have a good discussion about which way we are going

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June 17, 2020, 08:50:32 AM
 #2

Not all new altcoins are good, many of them are bad and most of the good ones are good for short term invest only, you need to do good research before buying any new altcoins and only risk what you can afford to lose

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June 17, 2020, 09:34:01 AM
 #3

Not sure I have heard of both coins/tokens before. 
If you have done a proper research on both and not convinced, then it's probably better to just avoid them.
Unfortunately we don't have a generally accepted standards for ranking cryptos yet. An affordable and proper ranking system could make things more difficult for substandard/scam projects. If they don't get reviewed and ranked, people would be more careful using them.
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June 17, 2020, 09:47:59 AM
 #4

Not sure I have heard of both coins/tokens before. 
If you have done a proper research on both and not convinced, then it's probably better to just avoid them.
Unfortunately we don't have a generally accepted standards for ranking cryptos yet. An affordable and proper ranking system could make things more difficult for substandard/scam projects. If they don't get reviewed and ranked, people would be more careful using them.
The reason is that in this cryptocurrency market, we hardly know whether a project is a scam or not until we got scammed. Therefore, it's impossible to create a generally accepted standard to rank cryptos. Traders and investors have been telling each other to do good research and use our experiences to realize the risk before joining in. I think that's all we could do for now!

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June 17, 2020, 09:53:13 AM
Last edit: June 17, 2020, 10:33:25 AM by Yaunfitda
 #5

I'm not really sure about new altcoins in the cryptosphere, it seems that the market is really saturated already and we haven't seen altcoins enjoy the support of community since 2017. Few of them survived up to this day, and majority are dying. Regarding those coin you mentioned, I'm not familiar with it, and it's really hard to understand if they can bring something new. So I'm not expecting big to happen, and if ever we are in a bull run, the usual pump and dump are to be expected.

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June 17, 2020, 10:00:56 AM
 #6

I think for new altcoins, it is a straight forward situation for them.
If the new altcoins can work well and develop a very realistic platform, with an accommodating community as well as garner the necessary hypes, then the future should be bright.

Another core option that should be treated wisely is exchange listing, new altcoins must endeavour to list on a exchange that reflects their virtue and will aid the development of the tokens, because to my knowledge, some exchange are project killers.
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June 17, 2020, 10:03:23 AM
 #7

The future of most new altcoins are uncertain, anything can happen, very few new projects are promising nowadays, you need to trend carefully or you will get burnt easily
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June 17, 2020, 10:10:11 AM
 #8

Almost 90% of the projects are designed just to scam people out of their money hence we should always do extensive research about the project before investing any funds. And scammers are in full force right now so we have to be extra careful.

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June 17, 2020, 10:26:34 AM
 #9

Most of the new altcoins/projects in the markets are worthless and they don't even have any potential to succeed. But, I know there are still new altcoins that are good and worth it to invest. It seems all the projects that you provided are sh*tcoin and they can even call scam projects because you already stated that they most likely to steal people's money. Nowadays, it's hard to trust new projects because there's a tendency that they end up on being scam projects, and that's why we need to be good at classifying the good and scam project so we can avoid losing money.

We should be wise on choosing new projects and don't just easily believe in the things that you have seen and always do proper research, especially if you are going to invest your money in the new projects. I won't trust the project on the list and they don't even have team members on their website. Probably, we need to avoid those kinds of projects.
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June 17, 2020, 10:28:47 AM
 #10

do you think new altcoins will have a good future?

What do you expect from the new altcoins?

today i took the time to see some projects and found some things that made me think: What future can we expect from new altcoins?

to get an idea I found these projects:

Banana Bomb

Banana Bomb is a Deflationary/Reward Token with a Destruction rate of 3.5%. This means the total supply decreases with each transaction. Reward Rate of 3.5%, it means 3.5% of every transaction is sent to a reward wallet. These reward tokens are then distributed to a randomly generated number of users every month.

https://www.bitcoin-monkey.com/banana-bomb

I didn't see any team member


satoshivisioncoin


GLOBAL P2P PAYMENT SYSTEM

SVC is a token for P2P transactions. Our vision is Satoshi Vision use SVC as BTC. SVC is alternative to Bitcoin.

https://satoshivisioncoin.com/

I didn't see any team member

it looks like a project to steal people's money

moneytoken

A decentralized ETHEREUM based Network

https://moneytoken.xyz/

I didn't see any team member

it looks like a project to steal people's money



I could put more other projects, but for now I think that with these projects that I put in, we can have a good discussion about which way we are going
All these altcoins are bad new projects, there are few good new altcoins that are worth investing on right now like
1. Seele
2. Temtum
3. Tezos
4. Cartesi
5. Sero protocol

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June 17, 2020, 10:40:56 AM
 #11

To be sincere not all new altcoins are good or should I say about 90% of them are bad. Taking a look at new altcoins today one can only see a team are busy fending for themselves first while giving excusing to developments and so on. And this nonchalant behaviour has caused most investors to only care about profit, that is, once IEO is done, they dump and move on, taking their capital plus profit.
From another perspective, most new projects goes about copying others, which now brings the concerns of, how then can they develop when they don't have the right knowledge about what they are doing. So nowadays, holding new altcoins for long, 90% of the times ends up in regrets; thus it's better to hold for for short term to be on the safer side unless there is a strong motivation behind that new project.

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June 17, 2020, 10:49:11 AM
 #12

Those projects were scam projects. It looks so funny to see the vision of SVC and i kinda feel will SVC replace BSV in the future? All of those coins have no track record.

All of non sense ideas were using by them

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June 17, 2020, 10:58:48 AM
 #13

I feel like only a few new coins right now will last in the market. I can't seem to picture a future with tons of coins sharing the marketcap. This means that the market will probably cut some alts from the market to focus more on the other coins.
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June 17, 2020, 11:27:33 AM
 #14

Scams, honestly too many new projects entered this haven to steal and cater away with your money, make sure you do very intense research before investing on new altcoins, they aren't reliable like old altcoins

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June 17, 2020, 11:28:38 AM
 #15

Not all new altcoins are good, many of them are bad and most of the good ones are good for short term invest only, you need to do good research before buying any new altcoins and only risk what you can afford to lose
It seems you are suggesting people who already know everything, I hope you are not in a state of sleep at this time, because the OP is very clear taking the time to do research, otherwise he will not know about some of the new Altcoos he posted. And directly he asked everyone, "What future can we expect from new altcoins?"

And I personally only expect the development of their products in a better direction so that Altcoin can be a lot of market enthusiasts.
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June 17, 2020, 12:35:06 PM
 #16

I think for new altcoins, it is a straight forward situation for them.
If the new altcoins can work well and develop a very realistic platform, with an accommodating community as well as garner the necessary hypes, then the future should be bright.

Another core option that should be treated wisely is exchange listing, new altcoins must endeavour to list on a exchange that reflects their virtue and will aid the development of the tokens, because to my knowledge, some exchange are project killers.
I often choose to invest in potential coins, and before that time I spent a lot of time analyzing because if you don't do this, the risk is very high.

Profitable coins are usually the ones that investors trust a lot and always have a clear development plan in the first place. However, it is difficult for you to search for projects like this, and you need to have a lot of luck to make a big profit.
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June 17, 2020, 12:41:00 PM
 #17

All the projects OP mentioned are part of the bad projects released so far, these aren't projects one can invest money on, I still belief that many new projects will show up, now we have reliable DeFi projects too, spend time more on projects analysing them very well before making any decisions.

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June 17, 2020, 12:46:34 PM
 #18

For me, the new projects at the moment are scam. I do not see any projects that are really quality and have a good development team. I only care about the top altcoins in this market or a few altcoins that are IEO in binance









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Mars,           
here we come!
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ElonCoin.org.
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.
"I could either watch it
happen or be a part of it"

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restuibu
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June 17, 2020, 01:04:57 PM
 #19

For me, the new projects at the moment are a scam. I do not see any projects that are really quality and have a good development team. I only care about the top altcoins in this market or a few altcoins that are IEO in binance
but not all projects bro, there are still some decent new altcoins and still have good hopes in the future. one example of a new altcoin, in my opinion, has the potential is https://tachyon.eco/

maydna
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June 17, 2020, 01:35:34 PM
 #20

It is hard to predict the future of new altcoin because they need support from people and traders at the market, and the new altcoin needs more time to grow in the future. If the new altcoin cannot get much supports, there will be no future for the altcoin to grow, and the new altcoin will not have a chance to compete with the other coins. And if you want to invest in the new altcoin, you will feel it difficult to scan one by one of the new altcoins to find the potential coin to invest. Perhaps, you only need to invest in bitcoin so you won't disappoint if the new altcoin cannot give you much profit.
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