Altcoin very Big problem

[Runbz]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

[StealthCoin1]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

I understand what you saying, coins with the same technology or even name, this is the reason why some altcoins like Ark are researching and working on new tools and functions that would benefiting the tech sector or without it news tools, functions, and research it would just fork after fork after fork with the same useless shh!t functions that we're seeing most altcoins nowadays

[Adya]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

Do not see any problem in altcoins. use analysis as usual as everywhere.same name so what? that is why always people check smart contract. all properties which you describe have traditional actives too. all what we can do is to use analysis. online offline buisness does not matter.

[malikg18]

I think Strong Project based Altcoins are not in big problem, they are increasing slowly and slowly like XRP and LTc which are almost doubble in few days .Actually shit coins will face problems which are in market for nothing.

[suparigach]

Same name coin is the biggest problem for newbie. Newcomers are usually introduced by the name of a coin. They are not familiar with the contract address and do not see the contract address. As a result, when depositing in the market, it is deposited on another coin of the same name. As a result, he lost his asset.

[soetikno]

Altcoins are not too problematic with names, although there are many of the same names there are many differences from smart contracts and blockchain

[asriloni]

They were competing each other and this is happening since bitcoin were exist. the creation of litecoin and namecoin have been starting the competition of altcoins. There were so many new coins being released everyday caused by the money.
If you are seeing CMC and you can click on the recently added coins tab and you will see there are so many altcoins being issued everyday.
I guess it will be more than 10 in a month. There are bunch of shitcoins being released on daily basis with the purpose to be a scam coin.

[jessyj48]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

It's not a new thing that majority of new altcoin projects are scam, we are fully aware of that, scam artists are doing what they can to steal and cheat investors that's why this space isn't for those who can't spend their first time in crypto space doing research and learning the difference between scam projects and real projects, altcoins aren't to be blame for this, wherever there is money to make scammers will be present

[robelneo]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

As a newbie, I can't blame you, the altcoins have a lot of issues and newbie needs to learn how to address these issues, I highly recommend that newbies concentrate on the top altcoins in the market and avoid experimental altcoins, until he fully understands the market and how to check id the latcoins are worth investing, some newbies have a hard time, even the simple thing of setting up fees and wallet.

[pedrillo0]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

New technologies create mistrust about whether they will be successful
The crypto world is like the internet of the 90s!
But why not take the risk of success?
This is what this game is about...

[Kopetunto]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

Altcoin projects are mostly scammers, without legality a project can be created whenever they want,
and that makes a lot of scammers in altcoin, of course it's a big problem for altcoins if this continues.

[plvbob0070]

Nowadays, it is quite common to see homonymous projects with no definite use case, such projects are usually linked with scams. The feeling of doubtfulness is understandable, especially in the crypto market where there are identical projects with a similar crypto branding. Thus, fundamental research is suggested, it is necessary to make a general overview of the projects. Thankfully, there is a scam accusation section in the forum that may help you be aware of the projects you need to avoid.

[Sultanar484]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

You can buy a coin which is listed in coinmarketcap, and being confirmed from the original source. This may happen in sometimes if a person is new to crytpo. Only a few person still don't believe cryptocurrency but almost all people who know about crypto loves and trust Bitcoin, ethereum and top few coins. You can invest in top coins which are trusted.

[trauchot]

Therefore, we need to carefully study each altcoin in which we want to invest because scammers do not sleep and they constantly create new altcoins so that people invest in these altcoins and then scammers simply disappear with all the money and in order not to get caught by scammers, we should always study each project from scratch, and it is best to invest only in proven top altcoins.

[Shallow]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

You are kind of right, it is actually difficult to trust most projects these days, when taking into account that they all have similar ideas, with just a twist in them, and these projects as well, hardly last long term, thus making the investors the losers and the developers the winners all the time, hence to be frank, one can hardly trust such case scenarios.
Nevertheless, there is a big reason why most coins are regarded as top coins or major coins, this is because to a great extent you can trust them, for example, let's keep Bitcoin aside, because it is highly trusted by everyone and focus on altcoins, looking at Ethereum, you will have every need and reason to trust it because the team are serious, taking a look also at BNB, you will also trust it because the team are serious too. Therefore, it means that, for a project to be trusted, the idea of the project must be unique and the team must also be serious, these two distinct things are found lacking in most new projects today hence the lack of trust. And just like you pointed out, until it is solved, majority of altcoins will find it hard growing.

[Saisher]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

Altcoins that are on top 40 are still good but beyond that, you have to be careful these are altcoins that are struggling to be in the market to create community, volume and liquidity, if the altcoin is two year old and he is not moving in his position, better think if it's worth investing in this kind of coin, it's a matter of time before it fade.

[GelatikKembar]

if it is observed that altcoins have a problem in the current situation,
because the price in the Bitcoin pair is still very cheap, if Bitcoin suddenly experiences a severe Dump,
then we will see Altcoins dumping in bottom.

[slaman29]

Buddy, these are problems that surround centralized projects, which make up 90% of the market. They're not new problems, they're old ones since 2015 and made worse with ICOs in 2017. Stop paying attention to centralized projects. Stop buying and speculating these coins that give the owners the desired liquidity and market volume they need to say "hey my coin works".

[Coyster]

Thing with many altcoins and their projects is they all have 'reincarnated' use cases that have failed before, and the project owners using them now only want to scam Investors, another thing also is that many of them are pump and dump coins, and aren't good for long term investment, as they can only give ROI when they pump (short term), tbh I only trust a few altcoins (like ethereum), users who invest in many altcoins are vulnerable to many losses.

Having said that, Bitcoin is very different from them, you at least can be sure your stash is never going to zero, even if it plunges, the value appreciates again after some time, btc is already on a bull run and if you're looking for crypto to invest in, choose it.

[tycsols]

I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

Yee this is the problem in the market and that is why the regulators want crypto market to work under their radar. I think once registration and licensing from the regulators become a prerequisite for new projects and teams to raise funds then fake and scam projects will definitely stop.