Enough of repetitive projects and old ideas

[bigcash2011]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Yes, market is flooded with new coins and projects and most of them do not even have a proper use case or practicality so how they can survive even if they launch such a coin, who will buy it on exchanges, yes there are few cases where similar projects can be encouraged like where a project has supreme success and become market leader there we do need similar project for healthy competition, otherwise copy cats projects will mostly fail.

[LazerPanther]

I agree that the idea may be duplicated, but what I'm interested in is the result of it. If the new project has an idea that overlaps with the old one but it succeeds, I would be delighted. If you can't develop it, let others continue

[suryana]

Yes I agree, for developers you better try to provide the latest innovations in your project, then that will make your project interesting and of course many investors want to join. We have seen enough useless shit projects until they die alone in the middle road. If your project is full innovation, then I'm sure your project will survive.

[btcltcdigger]

we need a new idea.

Come up with a new idea then. It's useless to say "we need something". Make it happen.

Or it's not as easy as it sounds?

[serjent05]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Or maybe.. build on the existing infrastructure. The blockchain technology is here - no need to create new blockchains, but instead to create dapps and customize the tech to business and consumer needs. I'm disgusted about the amount of garbage projects being debited all the time as well. I'm wondering how much better would our world be if all these developers would contribute to solving problems.

This is a much better approach than creating idea that is unable to realize.  I am into new ideas but if it is too good to be true then people are investing in vaporware, project that will never materialize, unlike creating projects that will build infrastructure around the existing blockchain technology.

[chip1994]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Actually, good startups are available but there are many scammers. Good startups will often know how to properly distribute tokens to bounty hunters and devise realistic plans and get it right. But the majority are now full of scammers and creating a fake project is too simple in the crypto market. We cannot stop them. So we need to equip with project analysis knowledge, it will help us a lot in the future.

[disconnectme]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

You just speak my mind, the space seems to have stalled, there is no new ideas coming up and this is one of the reasons why new money are not entering the space, if not smart contract, it would be cloud computing now we are having DEFI spring up everywhere. We need to see need ideas to move the space forward

[Wingsbtc]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

You just speak my mind, the space seems to have stalled, there is no new ideas coming up and this is one of the reasons why new money are not entering the space, if not smart contract, it would be cloud computing now we are having DEFI spring up everywhere. We need to see need ideas to move the space forward

Well maybe DeFi can make new money to enter crypto space? It's the new biggest use case to talk about, honestly I don't expect anything new from 90% new projects anymore, they always bring out something we've seen countless times

[Chukwunonso]

The truth is that several persons are beginning to gain awareness of the working of the cryptocurrency industry. Gone are the days when people invest money into anything that is called a project. People are beginning to carry out due diligence before investing in projects. The future will bring much more enlightenment into the cryptocurrency space and any project that lacks the ability to distinguish themselves will be left behind.

[Chuky92]

This is the whole truth and I strongly agree with you. Many new projects are just a repetition of what is already existing and which is the main reason why many of them if not all becomes worthless after listing because they don't have anything unique nor good which will sustain the price. Only the old projects keeps increasing in value and users because their idea is unique while they try as much as possible to keep improving while a good number of newer projects which don't have any thing good ends up dying slowly. The funny thing is, nowadays new projects ends up copying others (existing projects) whitepaper thus showing that indeed we need to be mindful of projects we invest in, as some, their team is just out to fill their pockets.

[beveryu778]

Absolutely, now it gets pretty enough for the projects which have based on the same ideas and it's been repeated by making some minor changes and keeping the same concept. That's the reason why investors have not put their money in a project like this. Investors are looking forward to something innovative and new which has the potential to grow in the future rather than repeating the concept of the project.

[chichidori]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Because they are all the same smoke and promises better invest in projects that have solid blockchain a well known dev and a big community, that is if you can find one since smart contract is kind of popular when it comes to copy paste codes.

[Divinespark]

There are too many duplicated projects in this market, and I believe that it will die soon and only the best and many supported projects will exist. Do not try to invest in new projects at the present time because it certainly will not go too far. Focusing on the top altcoins coinmarketcap will be the best option

[Anish02]

I have been doing bounties since from the two years and as a bounty hunter, I learn how to follow a good project. Most of the same projects or that one who repetitively comes have failed more likely. Because no one wants to invest in such projects whose gonna repeated itself by fixing some things.

[Oasisman]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

You know why a lot of projects have almost had the same concept? It's because this is cryptocurrency, and currencies shares a common purpose, right? Nevertheless, all of these alts are a copycat of Bitcoin anyway.
Another reason why some greedy devs keeps on making new same projects that promises a good return is because there are still a lot of greedy people who wants to take advantage of the pump and dump scheme, a lot of people are trying to take advantage from each other, and a lot of people still falls from the same fake projects over and over again.

[Sanitough]

I have been doing bounties since from the two years and as a bounty hunter, I learn how to follow a good project. Most of the same projects or that one who repetitively comes have failed more likely. Because no one wants to invest in such projects whose gonna repeated itself by fixing some things.

The project would fail if they don't have the support of the investors, whether it's a repetitive or not, what matters is the support.
If there's already a project created in the space and it was not that successful, I think other would compete and would maybe copy the idea and add a bit so it would not be called as repetitive, but with a good team behind the project, they can create a more successful project.

If you say repetitive, say for instance, an exchange project like Binance started an ICO and they were successful, so do you think other projects that would follow the same would fail? of course no, because the market is big, and more of the same project are welcome to compete as long as they are legitimate.

[OasisDre]

Invest and promote rare projects with rare use cases, they hardly end up failing in the end, stay away from repetitive projects because majority of investors will stay away from them, they will have hard time raising funds

[amos77978]

you're on point on this topic.. too many projects with same idea..  especially exchanges and casinos.. they're all same thing theyll claim to be revolutional.. but theres nothing new about  these projects... just recycling same idea... trying to out do others that were there before them

[KiloFoxtrot]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

I agree! Only the best of the altcoins will survive, we have been there and had done that already. Right now, only the best-funded altcoin with the best ideas are going to continue thriving. Shitcoins will be exposed and only the altcoins with real solutions will rise above the rest to succeed eventualy.

[LbtalkL]

Yes, this is what I am seeing now, repetitive projects, either scam or not but the majority of them are scams. In the future, I don't think they will exist they will be left to dust. I am sure people will be more knowledgeable about crypto in the future and they will not be fool by scammers easily. I have said this on other thread I am seeing the use cases of altcoins in the future, as utility token of legit and working companies or products when adoption comes.