Altcoin very Big problem

[puremage111]

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...

But its the same thing in real world market
Everyone should do their own due diligence
It's not like every stock in stock market are "genuine"
There are stocks which is mainly empty shell company yet people still buy them

People should be matured enough to do their own resesrch instead of becoming greed for fast money
This is why people get scam, greed

[WaqasBlaze]

Yeah but some Altcoin YFI YFX YFXX TFXXX YFXXXX YFXXXX these are like a real shit one....

[Menawi12]

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...

Creating coins or tokens can be done by anyone who has that ability but to be trusted by investors in the cryptocurrency market, I think it needs an interesting project or product. There are more than 6000 coins and tokens listed on coinmarketcap and in my opinion no more than 10% will manage to survive for a long time

[BTCappu]

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 a real problem with the altcoin market. I know some people who never show single interest in the altcoin market, they are only interested in the main thing which is Bitcoin, and that’s because of one or two experiences they have had with altcoins and have seen that most of them are not reliable at all. Some are just created for a pump and dump thing.

But that doesn’t mean that there are no good projects at all, if you are not sure of what to go for, then the top altcoins makes a better option; coins like Ethereum, Litecoin and the rest of them are really good, just the top altcoins.

[arapgeceleri]

One of the biggest problems with altcoins is that there are too many altcoins. Most altcoins in the market have very bad projects and prices. These will disappear from the market over time.

[shinratensei_]

One of the biggest problems with altcoins is that there are too many altcoins. Most altcoins in the market have very bad projects and prices. These will disappear from the market over time.

That's caused by the assets can be issued anytime and there are not restrictions or at least a lot of requirements before someone will able to issue his own asset. that was flooding the market with a bunch of garbage coins. These coins are about coming and going. It keeps released every day while at the same time the dead coin is also increasing every day too.
This is the big issue and the tokenization platform at least putting more restrictions.

[amarmurgi]

We have a lot of allcoins in the crypt market and most of them have no value and most of the coins have pumped up the price. The main problem is that there are a lot of all coins in this place and this is probably the reason why all coins have to face this problem. Another big problem here is that Bitcoin is pumped a lot so everyone in the market is buying and holding Bitcoin. Some problems can be solved when Bitcoin dumps something again. This problem with alkaloids may persist.

[Ghondronk]

I think it is too early to comment on this. If you came to this conclusion based on the past data, then that can not be used to forecast the fate of the cryptocurrencies. In fact, when it gets more popular among the global community, the percentage you have mentioned will get increased automatically. I hope when the global giants like Facebook joins the market, the trust will also be enhanced.

[viananda2525]

One of the biggest problems with altcoins is that there are too many altcoins. Most altcoins in the market have very bad projects and prices. These will disappear from the market over time.

i do agree , but as good market there are alot investors  or developers want to build their own project , although i know it just to take own advantages from here.  with huge amount altcoin now, we confuse which of them will give us return from investment , or even we will scammed by them ?finally our analisys and research will help us to avoid this.

[coinporch]

One of the biggest problems with altcoins is that there are too many altcoins. Most altcoins in the market have very bad projects and prices. These will disappear from the market over time.

indeed, and for sure only a solid and reliable altcoins will survive, and most of altcoins will dead and people called this as shitcoins
thats why, we have to choose the right altcoins to invest buddy

[taufik0911]

One of the biggest problems with altcoins is that there are too many altcoins. Most altcoins in the market have very bad projects and prices. These will disappear from the market over time.

indeed, and for sure only a solid and reliable altcoins will survive, and most of altcoins will dead and people called this as shitcoins
thats why, we have to choose the right altcoins to invest buddy

it is true that the problem is why many projects fail is that their token is less popular and coupled with a bad token ecosystem
I think the factor is that which makes a project a shitcoin
But sometimes a shitcoin project can suddenly hive if the ecosystem is really working

[bandungan]

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 a reality in crypto especially new altcoins. if exemplified from 10 projects maybe only 1 is really potential. this is not a new problem, this is an old problem that we have faced many times. so the best way is to be wise in looking for a project

[modellao6]

Well, that's overstating it.The phenomenon of having the same name persists for a long time，but the crypto market is stronger and more prosperous day by day.

[Zalfa_mui]

that's called competition, when one coin goes viral, everyone will make coins with the same name, for example YFI, after viral and the price jumped sharply, now there are so many names that resemble YFI, but of course there are differences between them.  very clear the difference, it does not matter to me and can you not distinguish between real and fake?

[tabas]

Why would someone send you a legal notice? The Crypto market is decentralized and you can subscribe or accept notifications from crypto news media.
It wouldn't cost you much and you need to follow the trend if that's solely what you want about projects that are coming monthly.

[marcous]

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 is no stranger that the crypto world adopts the same technology.  And the goal of each coin project is to follow the existing trends in order to attract investors.  In fact, some are not solely for investment, but can be used for transactions and other purposes with the various benefits they offer.  But remember that not all coins move according to the developer program, sometimes they move according to the chart.  And if you want to invest in altcoins you can choose the Top 10 on coinmarketcap.  Sometimes there are projects that always update their news on their channel but don't hold the price well enough.  News is only a manipulation so that it seems always alive by providing the latest updates.  So you can choose coins based on TA as well.

[TastyChillySauce00]

thats not a big problem for altcoins world,
but we need a good ability to choose the real altcoins project that have a bright future my friend

that's a big problem for newbies. The more shit scam coins being produced in the market means the newbies must have done more and mode deeply research before trying to invest in the coins.
The crap coins will always dead but remember these crap coins will always be trapping the newcomers.
that's why sometimes this becomes a problem in crypto.

[nomenclatur]

The number of altcoins that are almost the same is what makes altcoins worse at this time because the technology offered is not much different, which makes the altcoin price even more volatile because more competitors also cause many altcoins to push each other, this results in increasingly competitive ranking problems. being close to old and new altcoins. The new technology on offer will make altcoins even more popular.

[Tahsin Kabir Kollol]

I agree with you a lot and it is true that most of the altcoin projects bring their coins to the market only through word of mouth without any real planning or future development related steps. A closer look reveals that most of the altcoins that arrived in 2019 and 2020 were included in various exchangers, each priced much lower than the pre-sale or ICO prize, indicating that they had no real development or use. Moreover, as a result, investors have lost interest in investing in various projects and have turned away from cryptocurrency. With the exception of a few cryptocurrencies, people have a negative perception of all cryptocurrencies and invest in them for a short period of time. So we need to be aware of the new altcoins and take more effective measures to prevent counterfeiting.

[Pamadar]

The number of altcoins that are almost the same is what makes altcoins worse at this time because the technology offered is not much different, which makes the altcoin price even more volatile because more competitors also cause many altcoins to push each other, this results in increasingly competitive ranking problems. being close to old and new altcoins. The new technology on offer will make altcoins even more popular.

The more competitions the more problem that they've got.

Inside alt market, those copycat also brings bad images to the original project, investors impressions got carried by wrong accusations
from the developed projects, scammers loves to ride with popular projects alluring investors to invest in and then runaway with the money, not just that but also the competitions from every developed and evolved projects are very tough, the team needs to continually give updates from time to time.