Altcoin very Big problem

[whiteblue]

I only chose old Altcoin as my investment because already have good development such as ETH, BNB, WAVES.  I have bought new born Altcoin like Youc and some others but as you said new Altcoin are like looking for gold in the river, 100 newborn Altcoin only 7 have positive returns others are just dead project.

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[electronicash]

its not going to be a big problem, it happened many times where two projects have same Ticker. but this will be solve by its logos. investors of crypto i think are also going to have to be smart to identify which project exactly they are going to invest in.

the fake project is the most common problem and newbies are often the gullible that will be their victim. for investors i guess its time to start being smart.

[judaspriest]

I only chose old Altcoin as my investment because already have good development such as ETH, BNB, WAVES.  I have bought new born Altcoin like Youc and some others but as you said new Altcoin are like looking for gold in the river, 100 newborn Altcoin only 7 have positive returns others are just dead project.

If a new altcoin has a successful roadmap, of course it should be listed as a good altcoin,
because if the fundamentals of an altcoin are good and the price is still very cheap,
it will be an opportunity for good investment in the future.

[Entei]

In terms of analysis the altcoin market serves as support and benefit for Bitcoin and this creates a gigantic economic ecosystem around the same market. On the other hand, the big current problem is the lack of application and big goals to be achieved and in this case the great masses. In general the number of fraud is large because there is a lack of regulations and commercial restrictions for these projects without commitment and regularity. We must also not forget the lack of knowledge and direction of investors.

[crossabdd]

crypto world is like the dark web. but crypto is transparent. so that everyone can create, select and define their expertise. crypto is decentralized. so the rules regarding fraud, cheating and other crimes are difficult to control. because in essence, security of decentralization lies only in itself. as long as crypto has not been fully accepted by every country. then the rules can't be fully implemented. and when the country has accepted crypto. It is not decentralized. because the government will hold onto it and all the rules.

[ethereumhunter]

I am sure altcoin can handle it. But not all altcoin can do that because some altcoin will not have a chance to increase. And with the fake project that still around at out, there will not be a chance to succeed because people will avoid them and not use them to invest. People prefer to select the other project to benefit instead of investing in a fake project. I don't think that people will feel desperate to see the fake project scam them because they will always survive after getting a scam from the fake project. After all, the altcoin will be okay.

[wiss19]

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 all keep saying that cryptocurrency is made up of scammers like you were all not being scammed when there was no cryptocurrency. Cryptocurrency is no different from other type of investments that you’re seeing out there, you can as well be scammed in anyway, it’s not a plague that following the crypto market only.

The problem with most of you is that you don’t calm down to learn about you’re investing your money in, you have to learn the cryptocurrency market and know what’s possibly right and what is not. Dig deep into any project you’re interested from whitepaper to who the team really are and all that, and you will figure it out.

[articlecity]

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 hope now as the money is back in the market high quality projects will launch that were waiting for better market and positivity so in coming months im hopeful that market will improve for new projects and we will be able to find quality projects.

[isaac_clarke22]

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...

That's quite harsh of trust you got there but I understand getting into the fakes anyway. The frustration is real on that one buddy. I guess I couldn't blame you, because me as well stopped in finding a lot of projects back in 2017 when ICOs scams started to pop up ruining its name to the grave til they disappeared.

[Slingshot]

Everyone needs to be extremely careful anyways this period because most projects are out there to scam not even one Ur two . 90% are scans so we really do need to be very careful to avoid falling in wrong hands. Especially Defi coins are out there to scam many people. I do my research before I invest

[Tomiwa_akin]

This is a big issue to be honest but one way that this can be reduced is to find a way to checkmate new projects. Unfortunately more projects will keep coming, this is because the old ones have been una le to fulfill their mission which prompts new projects to develop on old ideology.

[montaga]

If there is only a flashy web-page and story with lots of promises and you deal with it, its is entirely your problem. Lets just hope you lose every penny you invest in it

[Maxre]

It is true that the altcoin market is fraught with trickery, but we can avoid this by first researching what we want to invest in. being more careful does not mean being afraid.

[robattfield]

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 mean here, but you need to understand that doesn't mean it's not good either, because if so think again why are there so many new projects emerging, what's in this market?and Attractive that has many projects or startups? And we will recognize that it offers real value and will also be an opportunity for scammers, not just for crypto, but in all areas. And time will help people learn everything and equip more skills to protect themselves from outside temptations.

[Alexmagn84]

They are inexperienced with the agreement address and don't see the agreement address. Therefore, while keeping on the lookout, it is kept on another coin of a similar name. I can't accuse you, the altcoins have a great deal of issues and novice needs to figure out how to address these issues, I strongly suggest that amateurs focus on the top altcoins on the lookout and keep away from test altcoins.

[XCANA]

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...

Well there is no market without risk mate, the cryptocurrency market is full of risky projects like in the stock market. Do you mean that the stock market doesn't have fake stocks in the industry?. The cryptocurrency industry is full of potential alongside the bad  stories likewise the stock market too, so, care must be taken for choosing your favorite project to invest. In this market, caution must be taken before any investment be made into any project becasue as there are good project also there are bad ones.

[bitjoin]

I really understand the meaning of your question, the same naming always confuses newcomers when determining attitudes. Before you get caught up in fake altcoins, you should have to learn again how cryptocurrency works, because scammers will always be looking for ways to get money fast.
Until now Altcoins are still fine, no problem with names, because their smart contracts still have differences.

[tvplus006]

The cryptocurrency market is similar to the real one, where you can also see a lot of fakes of famous brands. And if you buy a fake product, its quality will be lower than the original. In cryptocurrency, it is much easier to install the original coin if you check its smart contract before purchasing it.

[awakpane]

In my opinion, altcoins are not a big deal and the naming of the same coin is also not a problem because good or bad it depends on the concept and the extent to which it is developed, and I think before we join the project, it is necessary to use detailed analysis so as not to get stuck on a fake project

[FairUser]

I don't know how long you have been in this market, this is not a very important issue for altcoins. For any sector in life is competitive, and in this market we see projects competing over products, etc... and only projects that survive. after a time of competition will be more welcomed by many people.