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Author Topic: Is the crypto market saturated?  (Read 1836 times)
uneng
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November 20, 2020, 11:57:09 PM
 #121

Yes, I think the market is saturated of worthless crypto currencies. And besides being a speculative high yield investment with possibility of fast profit I don't see any other advantange these currencies bring to crypto environment. They don't improve the technology, they aren't innovative, they don't have new features which might be interesting on the practice.
But I understand that it's the nature of a decentralized universe, where each person can create his own currency for the most miscellaneous reasons.

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November 21, 2020, 01:48:23 AM
 #122

Saturated like what do you mean? if I look at the cryptocurrency ecosystem as too many junk projects, there should be an agency that regulates the creation of new cryptocurrency projects so that no scam project will emerge,
Decentralization is good, but Decentralization without a clear rule makes scammers free to deceive anyone in cryptocurrency.

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November 24, 2020, 07:42:42 PM
 #123

Yes, I think the market is saturated of worthless crypto currencies. And besides being a speculative high yield investment with possibility of fast profit I don't see any other advantange these currencies bring to crypto environment. They don't improve the technology, they aren't innovative, they don't have new features which might be interesting on the practice.
But I understand that it's the nature of a decentralized universe, where each person can create his own currency for the most miscellaneous reasons.

There's nothing we can do to stop the emergence of new cryptocurrencies on the market, since the technology is open source and decentralized. There is no regulating entity which limits or restricts the number of cryptocurrencies that get listed on the market. It's a free world where anyone can do as they please. Ultimately, investors and traders will decide which cryptocurrencies stay afloat and which will go down the drain. Projects that are able to provide real use cases for the mainstream world will survive for a very long time. The rest will remain as speculative instruments that will slowly fade into oblivion.

What matters is not the price, but rather usability of any given cryptocurrency project. As long as we have a decentralized financial network to serve as an alternative to the existing monetary system, nothing else matters. Believe me, there are quite a few projects that are aiming to make crypto land a better place. Different features, implementations, and solutions will be tested in order to determine what's best for the future of the industry as a whole. Old projects like Bitcoin and Ethereum can adopt other cryptocurrencies' features if they're proven to be widely tested for mainstream use. The more cryptocurrencies emerge, the stronger the Blockchain ecosystem will be. But in the end, only prominent cryptocurrencies with mainstream adoption will last a lifetime. Bitcoin and Ethereum may be all you need to participate in the decentralized economy today. Just my thoughts Grin

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November 26, 2020, 06:43:54 PM
 #124

Saturated like what do you mean? if I look at the cryptocurrency ecosystem as too many junk projects, there should be an agency that regulates the creation of new cryptocurrency projects so that no scam project will emerge,
Decentralization is good, but Decentralization without a clear rule makes scammers free to deceive anyone in cryptocurrency.
Actually when this thread was created it was maybe relevant but now after the bull run that is still going on we cannot say the same now and yeah the crypto market can never be saturated because of the introduction of smart contracts and there are always new projects coming around, the altcoin market is one of the most active market and has the highest opportunities so can't be called as saturated.

Similarly the bitcoins market can't be called as saturated because the price always keeps on touching higher levels and although the use-case of bitcoins are limited but it can never be called as saturated.



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December 01, 2020, 05:14:02 PM
 #125

Actually when this thread was created it was maybe relevant but now after the bull run that is still going on we cannot say the same now and yeah the crypto market can never be saturated because of the introduction of smart contracts and there are always new projects coming around, the altcoin market is one of the most active market and has the highest opportunities so can't be called as saturated.

Similarly the bitcoins market can't be called as saturated because the price always keeps on touching higher levels and although the use-case of bitcoins are limited but it can never be called as saturated.

Time will tell us whenever many cryptocurrencies listed across several exchanges will last for long. As far as I know, there are many cryptocurrencies which are simply speculative instruments instead of a real currency for daily payments. Most projects copy original ones with a few minor tweaks in order to fill developers' pockets with money. But at the end of the day, they turn out to become abandoned by the next big thing in crypto. That's not the case with quality projects in the crypto/Blockchain space as they focus on delivering real use cases for the mainstream world.

Whenever the market is saturated or not, it's yet to be seen. It's only been 11 years since Bitcoin's inception, so it may still be early to tell the level of saturation within the crypto market. There's a lot of work to be done in order for crypto to become mature enough for the mainstream world. Once there's a proper regulatory framework for the crypto market, things could stabilize a bit. Depending on what government's stance will be towards crypto in the future, they might be able to regulate the number of cryptocurrencies listed on mainstream crypto exchanges. Considering that centralized exchanges dominate the market, it's easy to enforce regulations to slow down the rate of new cryptocurrencies being listed on them. No matter what happens with the crypto market in the future, what matters is the technology above all else. There are many more cryptocurrencies or blockchain networks not listed on the market for many reasons (lack of funds for listing a new coin, not getting enough support from the community, etc). Various projects will test different features in order to make crypto land a better place. As long as each and every cryptocurrency work towards a common good, Blockchain will become bigger and stronger than ever. And that's what it's all about. Just my opinion Smiley

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December 04, 2020, 11:04:07 AM
 #126

in my opinion this is only limited to renewing tokens in the market, the profit by making new tokens is very large, many project teams are trying all the time to create new tokens and attract investors. So I think your word is correct, there are only a few tokens to choose from on the market
Most of them are scammers, they are trying to scam with their useless project, actually projects they will create are only good in paper but in reality they really don't plan to implement what is written but will just entice investors and steal their money.

We should know that, this market is so risky, if you don't have the knowledge, you will just likely lose.

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December 04, 2020, 10:56:53 PM
 #127

in my opinion this is only limited to renewing tokens in the market, the profit by making new tokens is very large, many project teams are trying all the time to create new tokens and attract investors. So I think your word is correct, there are only a few tokens to choose from on the market
Most of them are scammers, they are trying to scam with their useless project, actually projects they will create are only good in paper but in reality they really don't plan to implement what is written but will just entice investors and steal their money.

We should know that, this market is so risky, if you don't have the knowledge, you will just likely lose.

As an investor then you would really be needing that kind of common sense and presence of mind if you dont like for you money would be burnt out or getting scammed.

When it comes to number of projects or altcoins in the market then we can say that we are really indeed on the saturated side and they do still continue to create
one for the hopes that they might able to get some support and make themselves hell of a rich guy afterwards.

When it comes to services and offers been given then i dont see we do need even more.Current ones is already sufficient and do serve its purpose.About
unrealistic whitepapers then you can eventually tell if its attainable in reality or would be just staying up on someones dreams.

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December 10, 2020, 08:33:53 AM
 #128

Bullish will come again if Bitcoin price breaks $ 20k, and reaches a new all-time high,
and bearish if bitcoin price breaks down to $ 16k and makes altcoins bleed again.
So what you mean to say is that the activity of traders does not reduce with time or price. Since we now have bots to run trades based on algorithms, we see continuous action on orderbooks.

Saturation like I have said previously in this thread, is a myth and mostly a biased opinion. But in terms of crypto market the word can have some signnificant meanings - for example, the services that altcoins provide, they get saturated. Talking about how many lending pool apps we have now, more than 4/5 apps are there and another couple of them failed.

Gaming/gaming currency related apps which launched their tokens followed similarly. All sadly dropped prices like anything with the lack in hype with time.

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December 10, 2020, 09:03:19 PM
 #129

yet, cryptocurrencies are still waiting between bullish and bearish,
Bullish will come again if Bitcoin price breaks $ 20k, and reaches a new all-time high,
and bearish if bitcoin price breaks down to $ 16k and makes altcoins bleed again.

at any time bitcoin could fall back and be unpredictable at this time, because it has done that several times over the past few months and is not something that is strange anymore.
but if bitcoin drops to $ 16K, obviously altcoins will be affected and crash, but it won't take long.
After the end of the year, it starts with a correction at the beginning of the year, bitcoin will again create a renewable ATH and it could be even higher and altcoin will enjoy it.
we will wait for the time because the end of the year has not yet passed and all possibilities can happen, remember crypto is quite unique.

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December 10, 2020, 11:34:38 PM
 #130

in my opinion this is only limited to renewing tokens in the market, the profit by making new tokens is very large, many project teams are trying all the time to create new tokens and attract investors. So I think your word is correct, there are only a few tokens to choose from on the market
Most of them are scammers, they are trying to scam with their useless project, actually projects they will create are only good in paper but in reality they really don't plan to implement what is written but will just entice investors and steal their money.

We should know that, this market is so risky, if you don't have the knowledge, you will just likely lose.

As an investor then you would really be needing that kind of common sense and presence of mind if you dont like for you money would be burnt out or getting scammed.

When it comes to number of projects or altcoins in the market then we can say that we are really indeed on the saturated side and they do still continue to create
one for the hopes that they might able to get some support and make themselves hell of a rich guy afterwards.

When it comes to services and offers been given then i dont see we do need even more.Current ones is already sufficient and do serve its purpose.About
unrealistic whitepapers then you can eventually tell if its attainable in reality or would be just staying up on someones dreams.

We should all be aware on that, at least for the investors and the potential investors,  so they will know the real risk and will make a plan on how to manage the risk. The scam rate is very high in altcoins market, maybe 90% or more, so that means we need to be extra careful in putting our investment and also, we need to have the skills to pull out our investment when necessary because a legit project does not guarantee a success in the long run.

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December 11, 2020, 07:21:31 AM
 #131

yet, cryptocurrencies are still waiting between bullish and bearish,
Bullish will come again if Bitcoin price breaks $ 20k, and reaches a new all-time high,
and bearish if bitcoin price breaks down to $ 16k and makes altcoins bleed again.
You can't be sure about when there will be bullish and bearish trend will be on cryptocurrency so it is always better to make your own prediction and profits margin if you consider cryptocurrency as an investment.









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December 11, 2020, 10:45:59 AM
 #132

Do you think the crypto market is saturated? If not, why? Your input will be greatly appreciated. Smiley
We see more and more new cryptocurrency each day because they are making money out of it. But we don't need to worry that the cryptoworld might be saturated because there are more and more coins popping out from time to time because most of them will most likely to lose value in a short period of time, crypto world despite having thousands of coins  only few hundreds of thousands have their own real uses and purpose. I see crypto market as survival of the fittest coin each weak coins will die soon.

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December 11, 2020, 11:55:04 AM
 #133

Personally, I am in favor of thousands of cryptocurrencies on the market. Low popularity tokens can be useful for long-term investors. As practice shows, many tokens from the end of the Coinmarketcap list have increased in price tens, or even hundreds of times over any period of time. Coins and tokens from the top 10 list of CMC cryptocurrencies are not capable of this, so in my opinion, there is no need to change or remove anything from the market.

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December 11, 2020, 05:08:31 PM
 #134

Most of them are scammers, they are trying to scam with their useless project, actually projects they will create are only good in paper but in reality they really don't plan to implement what is written but will just entice investors and steal their money.

We should know that, this market is so risky, if you don't have the knowledge, you will just likely lose.

That's certainly true, mate. The vast majority of crypto projects listed on the market are scams. Most developers create new coins in order to fill their pockets with money in the long run. They don't care about the project's real use cases to the mainstream world, as long as they can reap all of the benefits in the shortest time possible. As long as greed persists, we'll expect new cryptocurrencies to emerge on the market as time goes by. Ultimately, cryptocurrencies with active development, real use cases, and innovation will survive for a very long time. It's not a matter about how many cryptocurrencies are listed on the market, but rather how useful they are for the mainstream world. As long as usability goes on top of everything else, the underlying crypto project will be able to last a lifetime.

Nonetheless, the market is saturated with many useless coins and tokens that are purely speculative instruments. At least, the open source and decentralized nature of crypto will allow Blockchain tech to become bigger and stronger than ever. Each project will test out new features in order to determine which ones stay and which ones go down the drain. After all, crypto has one common goal. And that is to deliver an alternative financial system to the world that's free from third-party intervention. Just my thoughts Grin

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December 11, 2020, 08:23:04 PM
 #135

As long as people keep spending money on these new projects and as long as these new projects make a profit for themselves, we will have more and more. What is the point of not starting a new project right now? Why don't you have a new erc20 token of your own? I think we should ALL create one, you know why?

If we create a billion more and show how absurdly easy it is, maybe people stop investing into these silly new projects, just because some guy hired some blockchain developer for a few hundred dollars doesn't mean that we should all be throwing our money at them. That is why I believe there is no way of stopping these new projects until we figure out how to educate people on the fact that throwing money at everything you find with the hopes of one maybe profiting is not a valid method.
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December 13, 2020, 05:49:36 AM
 #136

Personally, I am in favor of thousands of cryptocurrencies on the market. Low popularity tokens can be useful for long-term investors. As practice shows, many tokens from the end of the Coinmarketcap list have increased in price tens, or even hundreds of times over any period of time.
Maybe they will but they have a lesser chance because this market is all about how investors will appreciate the project and those low marketcap project will just likely go dark with the money of the investors. Maybe there are some which are undervalued now, but most of them are just scams, they are just waiting for their time to fully exit in the market.

Coins and tokens from the top 10 list of CMC cryptocurrencies are not capable of this, so in my opinion, there is no need to change or remove anything from the market.
If you believe on massive adoption, you would not think of that. Bitcoin has been always in the top 10 of the CMC even before it was only $1,000 but look how much it has achieved, it almost hit $20,000 so that's almost 20x.

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December 13, 2020, 06:07:17 AM
 #137

Saturated like what do you mean? if I look at the cryptocurrency ecosystem as too many junk projects, there should be an agency that regulates the creation of new cryptocurrency projects so that no scam project will emerge,
Decentralization is good, but Decentralization without a clear rule makes scammers free to deceive anyone in cryptocurrency.
I don't think it's possible getting the industry totally free from scam. That's a Utopia situation and it's not going to happen. I am a realist. Look at the Forex market for instance, despite how regulated it is there are still scam brokers in the game. I don't see regulation completely taking care of that but I admit it will drastically be reduced. And culprits will easily be nailed and brought to book when complete regulation sets in.

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December 15, 2020, 05:16:07 PM
 #138

As long as people keep spending money on these new projects and as long as these new projects make a profit for themselves, we will have more and more. What is the point of not starting a new project right now? Why don't you have a new erc20 token of your own? I think we should ALL create one, you know why?

If we create a billion more and show how absurdly easy it is, maybe people stop investing into these silly new projects, just because some guy hired some blockchain developer for a few hundred dollars doesn't mean that we should all be throwing our money at them. That is why I believe there is no way of stopping these new projects until we figure out how to educate people on the fact that throwing money at everything you find with the hopes of one maybe profiting is not a valid method.

Exactly. As they always say, "money talks". If there's money to be made, expect new cryptocurrencies to become listed on the market over time. What's important is usability above all else. If a project is able to deliver this, it'll be able to survive in the long run. Most cryptocurrencies are created for speculative purposes, leading towards their demise in the future. The vast majority of developers create new cryptocurrencies in order to fill their pockets with money. Only a very small number of developers care about making crypto/Blockchain land a better place.

I wouldn't worry about the market getting saturated with too many cryptocurrencies, since most of them won't last for long. Eventually, we'll deal with a select number of cryptocurrencies that are active in development, and innovation. Bitcoin, Ethereum, Monero, DASH, and Litecoin will remain in the market for a long time while the rest will lose their luster. As long as the crypto/Blockchain space remains decentralized, it'll be able to stand the test of time. It's not about an specific cryptocurrency, but Blockchain technology as a whole. It's this technology which allows people to freely send money to each other across borders without middleman. Time will tell us which crypto projects will remain actively listed across exchanges and which will go down the drain. Just my opinion Smiley

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December 16, 2020, 10:45:58 PM
 #139

Nonetheless, the market is saturated with many useless coins and tokens that are purely speculative instruments. A
This is true, saturated with useless project but we lack good projects to exists in the space, it's necessary that these bad projects will be eliminated so people confidence will be back again and they'll be able to help the projects with real potential to grow.

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December 21, 2020, 10:13:37 PM
 #140

There are very few projects worthwhile, many of the projects that are already on the market are created to fill the pocket of its creators with money, and then the creators abandon the project and its investors. Some of these projects are hanging dead weight on the market, the other part is done with the same purpose, but more intelligently, so you won't immediately understand that the project is essentially a dummy. Some are made just for fun, with a funny ticker, while people fall for it and invest money in such projects. There are very few really important and serious projects.

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