Enough of repetitive projects and old ideas

[Lantind]

Crypto investment is all about taking chances, the chance of succeeding is even lower if you go for new altcoins but after doing research you should know that anything can happen so invest only what you can afford to lose.

Many have said "invest only what you are able to lose", what you have to understand here is basically everyone does not want to experience loss and everyone also always learns to know new things when investing, so they don't lose, so in investing is not just thinking about the problem of being able to lose or not, but someone must always have a way so as not to lose their assets.

[Rowenta]

It's not a must to create new project if you have no good idea to bring to the table but it's obvious that new projects will always show up simply because money is involved, you can't stop this though, all you can do is avoid these repetitive projects, no one can stop this

[princesspoppy]

There are lot of projects in the market and most of them have the same products and service to offer. We can't deny and stop them as long as they want to make money out of it. But it is true that most projects even the new ones comes up with the same ideas as those like old projects that have already built their names and trust in the market and this only give a lot of competition. Some projects don't really have anything useful to offer but only for them to make money and these kind of projects are those which turns out to be trash after months or years in the market. They should offer something new and innovative, useful but also affordable in the market for them to be a successful project.

[homhay]

Well it is kinda hard to think of fresh new ideas sometimes actually.
Think of the perspective of some entrepreneurs. It's kinda struggling to even think of the target market you're aiming for.
Plus things are kinda risky sometimes when dealing with technologies.

That's right because thinking about new ideas is very difficult while most people prefer the shortcut by copying it, even though copying it also requires a very difficult process.

[Fesatmas]

Crypto investment is all about taking chances, the chance of succeeding is even lower if you go for new altcoins but after doing research you should know that anything can happen so invest only what you can afford to lose.

Many have said "invest only what you are able to lose", what you have to understand here is basically everyone does not want to experience loss and everyone also always learns to know new things when investing, so they don't lose, so in investing is not just thinking about the problem of being able to lose or not, but someone must always have a way so as not to lose their assets.

We must know that with all the risks that occur, therefore investing will always have a way to not lose an asset or at least lose, people think in this case it is very common, and therefore it is necessary to know that everyone who invests always has their own way.

[coinfinger]

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

Honestly we cannot do anything about repetitive projects and same concepts based projects. It is complete decentralized space and everyone's success rate is depending on many factors hence people never bother about bringing back same old concept. I mean there were many projects have become successful even they have copied the concept/idea of other projects. Your level of success is highly tied with your promotion level and how intensively you keep attracting new investors.

Just because of a project is repeated idea based, people never ignore them because, to serve all the people across the globe, just one project will not be enough. This could be the one of the prime reason why people accept repetitive concepts based the projects as well. All the above, investors never look for ideas tied with a project but they do see the speculative basis potentials and then invest and dumb before most others do the same.

[gaston castano]

Scamer will always be there, we just need to avoid it, some new projects do come out with the same concept but sometimes they succeed and surpass the previous project which is why people don't bother to make new developments aside from being difficult to make they also think it is easier to make existing ones.

[Golftech]

Scamer will always be there, we just need to avoid it, some new projects do come out with the same concept but sometimes they succeed and surpass the previous project which is why people don't bother to make new developments aside from being difficult to make they also think it is easier to make existing ones.

Using same ideas but enhancing or providing new features and upgrades, those new projects gotten away and received supports from investors who did not bothered to make a much better research and just invest with such projects.

Scammers are also updated with how the sentiments coming from investors minds, they are good in tracking trending concepts and duplicate old projects with some twist and let the investors thinks that it will work that way.

[filterMX]

now there are so many projects that have the same ideas as others, just a different name, and most of these projects only last a short time and they will continue to repeat it, now many people crave a new idea but need a process to make it happen.

[Shallow]

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

But on a more serious note, do we actually think it will end? Am not justifying it, but however looking at the nature of things, you will agree that most people don't care once they see IEO on top exchanges they will run to invest then sell off immediately to earn more, so to some people once it affords them the opportunity to increase their holdings in BTC etc, they will invest. You see, once a project comes out, whether copied idea, copied whitepaper, repetitive project and/or old idea, and it is filled with hype, people will throw caution to the wind and rush in just to get a glimpse of their own gains, most times it might works and in many cases it doesn't, at least we have seen several cases like that. So in essence, I'm against repetitive projects just like you, but yet ending them might be difficult hence let's find it more appropriate going for those projects whose team aren't after immediate gains but long term growth.

[Pomogator]

I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.

[ScamViruS]

Now there are many projects whose ideas are not so new. But they create extra hype, big exchanges give them that opportunity. Behind this there is a gang involved with the big exchanges. Because these projects are managed by some of the biggest crypto market people and exchanges.

The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.

[pixie85]

I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.

Because most altcoins old or new are worthless shitcoins made to make a few greedy people invest and the developers of the coin cash it out and start again.

This is what makes them hide their identities otherwise you'd see that the same teams are involved in numerous projects.

[Gaaara]

I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.

True, there will always be a coin that will get more attention and publicity where it all leads in older one dying and if one tries to maintain their coin from being ignored it will cost a lot hence they will just let it be and take what they can get, projects that will continuously create a publicity can be successful however it will cost too much so most of the coins that has been irrelevant will stay that way until some news over it has been spread.

[Excell110]

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 can say that again O.P, the cryptocurrency market has been flooded with a lot of crypto coins, majority of which are useless, lacking in usecase and real time uses.
 Most pretend to give solutions to problems that are already solved and they end up performing badly, leaving the investors with nothing.

 It is high time we move from this level, get something new into the market.
 Create a cryptocurrency that will solve well defined problems, let them have great usecases and watch how far the cryptocurrency industry will go.

[coinswebid]

I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.

yes, a good marketing startegy will make a project exist
but, a pure and new ideas will bring more attention from crypto investors to a new project my friend

[rathaha10]

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

To a very much extent, you are right. We have thousands of project who actually didn't failed out but the team decided to just slow down or stop the development because they felt like satisfied with the money they raised during tokensale and that's why most of Startup altcoins hardly see the end of the tunnel. It is okay for competition to exist in any business venture, it is part of what drive the service provision much better but it is bad when the compstitive line is weak and new set of teams keeps coming up with shitty products

[Yamifoud]

The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.

That is nowhere to go after the ICO/IEO. I'm not sure if investors will look into them knowing that it could be hopeless to see a copied project to run in the market become profitable but for sure it leads nothing in their ends. That is why I keep thinking about the oldies projects which we know already their capabilities and that having a good market performance. I'm not saying the new projects will just be ignored but most likely it is that case to happen and that makes them a lesser chance to succeed. Project developers should think differently and should have their uniqueness in order to have a winning stance.

[Nellayar]

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

Of course, they won't give it as unique since they only want some gainings. Many projects nowadays are built-in to copy paste or plagiarized other projects. Same intentions, same whitepaper and goal. In short, scam projects. They did that because they have no idea in terms of innovating projects. They want an easy money, so for those who would not give time to research. They are the one who lose money at the end.

[In the silence]

I stand with your point here mate, but having some thoughts making a new or eye-catching project can be hard (well that would be worth it if they are really serious on what they are doing).

My main thought on why are they still cracking their bones just to remake old projects is due to money itself. They are on the hunt for newbie traders promising high returns with their investment. As long as they are earning from their "projects" they'll continue to work on more.