Why Are So Many Altcoins Worthless After a Little Time

[motun01]

a huge number of altcoins neglect to arrive at the purpose of accomplishment, even the tokens that you hold right up 'til today are progressively useless.

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

I don't trade ordinary due to loses, at some point the market is simply terrible and vacillates a ton however I like trading when bitcoin is bullish, most occasions I generally win

[1714882736]

1714882736

[TravelMug]

It's because majority of them are just clogging the crypto space, unless token or utility, just a copy cat of previous success projects. So obviously, no originally and investors are very smart now not to invest on such projects.

So it's better to just invest on the top 10 altcoins, most of them are prime movers so that alone is one reason they are still in the top and the rest are just copy cat and being used for pump and dump. You may even hear that this "x" token is the killer for this "y" crypto, nope not gonna happen.

[Kemarit]

a huge number of altcoins neglect to arrive at the purpose of accomplishment, even the tokens that you hold right up 'til today are progressively useless.

Pump and dump scheme, never been a better reason than that.

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

That's why they are on top, because they are the best and simply have a better use as utility or have real life usage.

I don't trade ordinary due to loses, at some point the market is simply terrible and vacillates a ton however I like trading when bitcoin is bullish, most occasions I generally win

Of course who wouldn't want to trade for loses. Good for you, because when Bitcoin is on a bull run, most of the coins followed suit because majority are being paired on BTC/X coins.

[GreatArkansas]

One of the best to scam people these days in cryptocurrency are creating their own altcoins, it's purely hype. Some people or entities are doing for aged now, they know how it works. That's you see a lot of new altcoins are become worthless because they are literally scam. Some people behind on some shitcoins may be the same all over the time, they just create another shitcoin to scam again, just like cycle.

[Hallmader]

If these altcoins are becoming worthless after just a little time, this only means they were worthless right from the beginning. That is the reality. There are so many altcoins which were marketed as if they are so innovative and promising and yet they are nothing but sugar-coated shit. They are only good as per their marketing and promotion. The developers only exert effort in that particular phase because they want money. After they got the money, they will leave the project stagnant to die.

[LogitechMouse]

There are many reasons but these are some of them.

1. New projects or altcoins aren't really intended to fulfill its use that has been shared to the investors. It has been created just to scam those investors.

2. Pump and dump scheme - Many developers have done these or I should say that as the token has been listed on an exchange, developers and exchange owners will be the ones to sell the token causing the price to plummet immediately.

3. Lack of community/support - most of the token that are being created don't have any support from other investors and because of this, it is ending up being a dead coin.

[meanwords]

It's just that, it's so easy to create an altcoin because there's already a lot of open source projects out there, you only need to modify it a little bit, change then name, and you got yourself an altcoin that is worthless. Most have initial good start but that doesn't really mean much if they all have the same features. So you got yourself some worthless altcoins.

[smyslov]

a huge number of altcoins neglect to arrive at the purpose of accomplishment, even the tokens that you hold right up 'til today are progressively useless.

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

I don't trade ordinary due to loses, at some point the market is simply terrible and vacillates a ton however I like trading when bitcoin is bullish, most occasions I generally win

Majority of these coins are intentionally creating coins and launch a crowdfunding just to make money, they do not have anything to offer to the community, their platforms are useless, and copy paste of dead projects or imitation of existing projects, they cannot keep up with the competition and when they lose their liquidity, the team just vanish.

[Genemind]

Most investors take their profit if they don't see any long term potential in a project. Some abandon the project once it's the price starts falling. Some developers don't really intend to deliver a product but to take profit from a project. There are a lot of reasons why most projects die early, this all falls on how the team handles everything, marketing, project development, and how transparent they are to their investors and community.

[Salauddin1994]

The reason why altcoins become worthless after a short time is because they are in low demand in the market and there are many tokens that have no value many investors have been hurt so both the demand and the price of these altcoins have been declining over time. Bitcoin is currently in a good position in the market its value is much higher and the investment is making a lot of profit even if the price of tokens goes down, the price of bitcoin will not go down much its demand is always higher in the market.

[nomenclatur]

altcoins are quite weak if the market suddenly worsens now slowly top altcoins have been rising slowly and increasing slowly and it is very good at this time many traders are waiting for a good time like this because there are so many opportunities to make a profit and it has made people convinced about trading in crypto which is getting better now altcoin prices are so good.

[drlukacs]

a huge number of altcoins neglect to arrive at the purpose of accomplishment, even the tokens that you hold right up 'til today are progressively useless.

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

I don't trade ordinary due to loses, at some point the market is simply terrible and vacillates a ton however I like trading when bitcoin is bullish, most occasions I generally win

Yes, when a bull runs, it is easy to win when trading spot, but not always the top coins are growing with Bitcoin. As Bitcoin surged from 13k $ to over 18k $ caused the top altcoins and tokens to be sold off strongly, and so for safety we should only trade Bitcoin or hold Bitcoin. In addition, altcoins also need to have news to fly high, do not be too subjective when holding top altcoins as it can all drop 50% when the bad market returns.

[mersal]

a huge number of altcoins neglect to arrive at the purpose of accomplishment, even the tokens that you hold right up 'til today are progressively useless.

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

I don't trade ordinary due to loses, at some point the market is simply terrible and vacillates a ton however I like trading when bitcoin is bullish, most occasions I generally win

Because so many altcoins were created for no real purpose so they will lose its hype after a while so investors also will lose their trust and sell their tokens to buy another new coin. So you need to buy coins only if it has real use case and it should be unique as well.

[puremage111]

Of course investing in coins that are in Top 10 marketcap are much safer than Alts
One of the reason why Alts is becoming frenzy and flooded the market is because of Token Standards on Blockchain
For example on ethereum, we had ERC-20, ERC-721 and more
This means that people don't need to built their own "Ethereum", they can just create their own alts as an ERC-20 on Ethereum instead

Pros and cons does happen in every scenario
Creating Crypto become easy which is good for saving developer time, but also ease for scammer to scam people who don't do their own due diligence

[cabron]

This is the reason that users who have been holding altcoins should just sell them now, convert your investment to BTC or ETH.  Hard to say whether your altcoins are going to have value. Trading BTC is just worth it. Institutions are buying BTC and its all they prefer to invest not altcoins of some kind.

[bittick]

Some altcoins couldn't really bring people into getting interested with them or in short their project's concept or purpose is not good enough to make people interested therefore they might succeed at the early phase of fund raising through IEO or ICO but couldn't afford to make their price increase but instead their token get dumped because at the end of the day no one really interested.
This is why when it comes to altcoin so many people recommend you to investigate or atleast learn about that specific project deeply so that you won't invest into a coin with bad prospect.

[tbct_mt2]

Scammers wait for hype trend and pop up with their new altcoin projects that are simply clones of other coins. They clone from each other and their coin or token tickers are clones too. The greed of people as basic human instinct help scammers to get success with their scam projects.

When you lose money for scammers, you can only blame on your carelessness and your greed. Warnings are useless even they are in front of your eyes if you are greed and ignore warnings.

[NavI_027]

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

That's what I always advice on newbies and even old ones. It's not like that I hate new sprouting alts so much. I just choose to stay away from them because I know that the risks are even higher. However, not everyone got the same mindset as me but I can't blame them tho. There are traders who really are willing to try experimental things in exchange of possibility to earn bigger. Well, good for them if they made a 3x to 4x profit but they lose more often and that's sad to know.

So if you are not sure on the project you are entering then better to stick with the proven ones. As simple as that.

[Rowenta]

We have too many repetitive projects this days and investors are tired of such projects and some have bad utilities too, the truth is not all utilities are needed on blockchain, these use cases works better offline, they will always fail to raise targeted funds because of lack of interest

[Adya]

a huge number of altcoins neglect to arrive at the purpose of accomplishment, even the tokens that you hold right up 'til today are progressively useless.

Investing just in the best 10 coins marketcap as I would see it is good for the future, particularly bitcoin (in light of the fact that this is the principle). Invest shrewdly and begin trading in the event that you have seen cautiously.

I don't trade ordinary due to loses, at some point the market is simply terrible and vacillates a ton however I like trading when bitcoin is bullish, most occasions I generally win

did you saw how roadmap looks like? between first and the last milestones can be minimum 1 year. or even 2-3 years. any buisness needs time. befor projects launch price can fall x times, rise x times and fall again. and vice versa. it is normal.