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Author Topic: What future is expected for new altcoins?  (Read 961 times)
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June 17, 2020, 01:43:21 PM
 #21

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/
I have seen the bounty of this project in 2020. They had a great bounty and paid it in within 2 weeks from the end. I really like their way of working and since then their project has been growing nonstop, they are now one of the top projects in this market and in the top 100 coinmarketcap.

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June 17, 2020, 01:46:52 PM
 #22

Almost 99% of the projects are here to make some money out of this air. I would say nothing good is there to be come, none of the recent projects are good enough to attract potential investors.
All these projects are scam, they use different ways of scam, that's the only difference.
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June 17, 2020, 01:53:33 PM
 #23

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/
IEO are still developing to improve their project and we only focus on top coins in the market, that is why it is hard for us to see if new projects like IEO has a potential to grow in the future. It is also hard to conpete to other coins, especially the successful ones because they have a lot of things to do to attract more investors and make their project well developed.

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June 17, 2020, 04:07:09 PM
 #24

In general I do believe that new coins do have a chance at becoming good and increase in price a lot, after all there are tons of tokens that comes out every single day which means eventually one of them will be good. However, I am not entirely sure if these are the ones that will be the good ones, these do look like a bit too cliche and done before so I doubt they would get any attention.

However, do not forget that the most important thing for a coin to succeed is marketing, as long as you make the community use your coin by putting it in front of everyone's eyes you would eventually get a ton of return as well. In order to get a lot of people you need marketing but in order to keep them you need to give people a reason to stay there as well. None of these coins have that.

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June 17, 2020, 04:25:33 PM
 #25

Those were one of the worst examples on the market. They don't signify the whole alt market. The word altcoins is again too vague.
There are some very promising crypto projects. Some are already on their delivering phase. We all love and trust bitcoin but bitcoin's nature makes it difficult to make changes on it's nature. That's why I expect, altcoins to have better adoption and use than bitcoin in near future.



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June 17, 2020, 04:28:24 PM
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 #26

New altcoins can not be trusted, nowadays unqualified developers just come around and create a new projects to deceive investors, always invest in new altcoins only when they prove their worth, it's lot better to invest in top altcoins

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June 17, 2020, 05:49:45 PM
 #27

I expect more new scam altcoins because this is the best way to make money for them.  only few coins that can be potentially to grow in the future. You better to research the project first.
I tend to agree - the time of scam will ever end only if people will be 100% aware of what they're doing all the time (which is almost impossible)
But in non-crypto world we somehow managed to get rid of most common scam ways, so we'll figure same thing out for crypto too.
That way more young and promising projects and altcoins will grow in the future
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June 17, 2020, 06:06:36 PM
 #28

We can have a long list of discussion about this new tokens but at least we know what coins or tokens with good potential and coins that will go nowhere, the coins you've mentioned are all potential scams because there are no teams, we do not know if they are capable to bring the results that they are promising so good catch.
 

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June 17, 2020, 06:24:43 PM
 #29

I can say that most of the new projects or new altcoins ended with scams on the other hand sometimes also do not have further developments. well maybe not everything is like that but in reality is new altcoin is difficult to develop even feels like dead.
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June 17, 2020, 06:43:07 PM
 #30

Many new altcoins are bad but good altcoins still comes out of no where, if you can't do good research on new projects it's better to invest on old altcoins

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June 17, 2020, 06:51:31 PM
 #31

I can say that most of the new projects or new altcoins ended with scams on the other hand sometimes also do not have further developments. well maybe not everything is like that but in reality is new altcoin is difficult to develop even feels like dead.
Now it is very difficult for new projects to develop because it is very difficult to find people for their community who will truly support the new project. all people who are now on the market already support other projects

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June 17, 2020, 07:17:18 PM
 #32

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
Why are you even interested in low quality projects even promoting them here does not make sense, atleast promote quality projects with competent and responsive team and practical products. One recent example is swissborg CHSB just analyse them, it was a good product with competent team and just check how the coin is performing now, investors and hodlers are happy, this is what happens when you hold quality coins.

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June 17, 2020, 08:42:17 PM
 #33

I think the future we can expect on the new altcoins depends on the validity of their claim.  If the people behind them are really capable or not.  If the proposed project plan is realistic or just an ideology.  So basically, there are altcoins that were created for a money grab, while there are few that are actually legit.  I still don't lose hope for new altcoins, it's that we need to be vigilant and observant of the new altcoin. 

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June 17, 2020, 08:49:43 PM
Last edit: June 18, 2020, 06:41:31 PM by StephenJH
 #34

l think that some of them have really good potential to be one of the bests, but it is not the same for all. That is why most of them are really useless, and absolutely wasting of time. Most investors are not interested in such projects, and cause of that most of them don't have a good future in my view. No doubt you can find a good one among the new projects, however, you must make great research about the project, which you want to invest in.

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June 17, 2020, 08:57:57 PM
 #35

I can say that most of the new projects or new altcoins ended with scams on the other hand sometimes also do not have further developments. well maybe not everything is like that but in reality is new altcoin is difficult to develop even feels like dead.
yes you are right and from there we can predict if only 5% of projects are really well developed. the rest will end up being a scam and from there also we can see if the fate of the new altcoin is very bad

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June 17, 2020, 09:04:46 PM
 #36

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
The answer to your question is very simple, the future of each new altcoin depends on the quality of the project alongwith a good team and the coin should be full of use cases and should be able to generate regular everyday revenue through its ecosystem. If you see any new alt with all these qualities then it is a good one to invest and hodl while if the alt lacks these then it is better to stay away.

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June 17, 2020, 09:23:45 PM
Merited by Slow death (1)
 #37

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?



Theres no future towards on this and majority of new coins that being launched are pure utter shit ones and just using the same ideas all over again and again.
Expectations? I have none. Alt market turns out to be a garbage after that 2017 bull run and the rest of the years are totally meaningless if we do talk about it.
Nothing is certain when we do talk about the future specially now that we can able to see on whats its current reputation and position in the market.
Maybe for some top alts then we can consider it out since they do really have that actual utility, but for most coins? they are total trash.

R


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June 17, 2020, 11:37:34 PM
Merited by Slow death (1)
 #38

do you think new altcoins will have a good future?
Only if the coins have real use case, with good development and progress done by the team, spreading the use case of the coin in the real world, doing more events on offline, and also always keep track and management o the coin on the market.

...
Among these three, I don't think that they will have a good future for long holding or even for trading. As we see that the team is likely don't care about the condition of the coin in the market. Moreover, the continuity of the team to manage and develop a coin is very important. If they do not care again to the coins, what we are going to expect? just forget it  Grin

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June 17, 2020, 11:52:41 PM
 #39

l think that some of them have really good potential to be one of the bests, but it is not the same for all. That is why most of them are really useless, and absolutely wasting of time. Most investors are not interested in such projects, and cause of that most of them don't have a good future in my view.
Very few will still succeed simply because they are real and offers a good product/services but since the investor already have a trust issue with a new altcoins, it will be hard for them to invest on a new project same as me. Yes, most of the new altcoins are useless and they are here to collect money from people and become a scam later on, look for everything before you invest to avoid any problem in the future.
New altcoins might only end up dying if they cannot gain trust and support from the investors. 2017 has been very profitable for altcoins but within its next years, everything has changed. We can only trust investing in bitcoin today because even if its highly volatile, it will always have time to recover and reach another all time high price again.

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June 18, 2020, 12:09:37 AM
Merited by Slow death (1)
 #40

New altcoins might only end up dying if they cannot gain trust and support from the investors. 2017 has been very profitable for altcoins but within its next years, everything has changed. We can only trust investing in bitcoin today because even if its highly volatile, it will always have time to recover and reach another all time high price again.
altcoin is currently difficult to recover their prices, after going down they are difficult to return to their original prices, there are even projects that die because the price of their coins in the market is destroyed and I prefer to choose investments in the top coins too, like bitcoin, etherium and others
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