Too many coin in circulation

[S4VV4S]

Crypto has issued a lot of new altcoins every year and even today new coins continue to emerge, we just look at the positive side when many new altcoins appear, it means crypto has started to advance seeing the movement of ico from 2018 and then it is very different from today on the other side of the mission. Developed new altcoins can benefit most members to advance crypto in the future

[bayudndy]

And today I see many of my friends pledging their homes to join this market, giving them advice as they plunge into this market like gamblers looking for luck. OP, you will see nothing if you just look at the coins, to me all is just an option to make money if the point of view is from the beginning to seek profit.

Bitcoin is unique, the rest are the things that will take away bitcoin

[Dart18]

And today I see many of my friends pledging their homes to join this market, giving them advice as they plunge into this market like gamblers looking for luck. OP, you will see nothing if you just look at the coins, to me all is just an option to make money if the point of view is from the beginning to seek profit.

Bitcoin is unique, the rest are the things that will take away bitcoin

I had imagined before what if Bitcoin was the single choice.
It could have been in hundreds of thousands in value by now.
A competition is a good thing but when it goes this high of amount then the value goes lower. Money coming in is divided.
Trust also becomes an issue. Scams. Seeking a decision will need digging that takes days to pick a valuable coin out there.

[flyer88]

Many new coins that have sprung up have two sides, first the positive side the more new altcoins the better the crypto development in the future while the negative side is that many people are not responsible for looking for profits for the team and themselves so we should be more careful with each altcoins are popping up at this time

[ivankoh]

Indeed, all investors from those shitcoins turn away because of the long bearish market of altcoins. Fears of missing in out made them out of control of their anxiety, that's why a good project turns out to be shitcoins nowadays. Hopefully, what happened last 2017 will be back this year and so on and new waves of productive project will come our ways then earn more lucky profit soon.

That's right, in general everyone will turn to projects that are more legitimate than having to stick to an obscure project like the project that gave birth to shitcoin, I think that's a very natural thing because every investor's goal is to seek profit in any project and that is everyone's goal here, so don't be surprised at that.

altcoins in 2017 and then the Asian Lunar New Year, ICOs almost disappeared and nobody cared after local bans from India and China.  Since then, not many altcoins are strong enough to weather that storm and the market.  That is also the reason that quality coins are getting better from the support as the bitcoin bull run begins.  Defi has made new breeze and perhaps it's a surprise when we return to 2017 glory with so many new coins.  History is always a factor to be considered in general.

[zasad@]

Every year, any process of issuing new coins will only get more expensive, because promising crypto projects require large investments.
It is easy to get a token or run a blockchain on a well-known protocol, but it will be difficult for beginners to find their community.
The only problem is that the market for new coins is difficult to follow.

[max6575]

different masses on qualification as developer works with the manage of project the return helps as investors to gains with confirmation as release from officials and the market, to follows as referring limit of number with exchange as the expecation to complete level of collective returns.

[Fivestar4everMVP]

@poster, you are definitely right and I agree with you, alot of businesses are coming to the blockchain industry and this businesses like to create their own currency to sell to investors which act as shares, this currency been sold to investors enable them to raise fund to build the business and thereby give the currency value which in turn, enables the initial investors to sell for profit to other investors and customers of the business.
But just like the poster have explained, this was all supposed to be legit but some bad eggs came into the picture and mixed their bad business with the good one that it has become hard to distinguish or differentiate the good from the bad, so this is simply to say that, your chances of making good money in crypto currencies as an investor lies in your ability to know which business is bad and which business is good, and only put or invest your money in the good business only.

[WalkerIVIV]

Many new coins that have sprung up have two sides, first the positive side the more new altcoins the better the crypto development in the future while the negative side is that many people are not responsible for looking for profits for the team and themselves so we should be more careful with each altcoins are popping up at this time

There are lots of coins being used as the flipping place for the ico investors and the truth is when these flippers already got a lot of profit and then they will be moving to the new project.
This will create bunch of coins anytime as the developers got funding and the early adopters got big profit but the late adopters will become loosers.
Even when the project can be dead and this doesn't mean if this will stop this cycle.

[Vishnu.Reang]

There are too many different coins in circulation. And that is the reason why the vast majority of them are now dead or dormant. You can check the daily trade volumes given in Coinmarketcap. Out of the 10,000 or so coins/tokens, only around 4% to 5% have any significant trade volume. Others are essentially dead and those who invested in them have lost their capital. And even for these coins, there is no guarantee that they will survive in to the distant future.

[Coyster]

It is easy to get a token or run a blockchain on a well-known protocol, but it will be difficult for beginners to find their community.

The thing is, majority of the new projects are not so much interested in building a community of investors for their coin, cause they are more often then not either working on reincarnated use cases or are basically just pump and dump coins, thus I'd not even narrow the problem to them having a hard time finding their own community.

Ethereum as a good example is one altcoin with a very large and still growing community of investors, but it wasn't like that for them from their inception, it took quite a lot of work and development on their ecosystem to get to the stage they are atm, imo, new projects should take a lesson from them and other few successful altcoins to grow their own network.

[bitcon]

The emergence of new coins is not surprising at all. The crypto space is developing very actively. Without new coins the crypto market would simply become obsolete. Of course, we see low-quality products, but among them there are also some really high-quality projects with great potential.

Unfortunately the market is really oversaturated and it is a pity that new coins often is scam...

[paxmao]

...

The following factors could also serve as guideline to selecting the right coin to invest in:
1. How useful the coin is:
2.is the purpose of the coin legit
3.Analyze its competitiveness
4.Demand and supply
5.market capitalization and founders holding
6.the general value
Answering this questions will clerify you on the right choice of coin and also aid you to know when to buy and sell. Paying close attention to market volatility will aid you know the utility and demand of each currency and it will also aid you towards predicting the trend of each coin so as to know how to account for each coin.

1. No, every possible case is already covered by the million shitcoins out there.
2. The purpose is never non-legit
3. Almost impossible, there are millions of coins.
4. Demand is unknown and rarely verifiable.
5. Irrelevant. Marketcap is as good as the las value in the market. That is, if ever listed.
6. WTF is "general value".

Answering these questions will lead you nowhere and DYR would take so much money that you cannot afford it.

Just replace all this for "Get to know the team". Talk to them, search their names, ... most of the times you will find a bunch of school drop-outs living with their moms and dreaming of being podcasters.

[Zilon]

Altcoin will continue to increase and different projects will still be in development. In ancient times we had few coin in circulation. But with the help of cryptography different coins is currently in circulation. And more coins would continually go into circulation. Buying coins needs to be guided with proper knowledge. Many altcoin projects is a product of many environmental at societal challange. What could the coin you intend to invest in solve? How long will the project last. How developed is the software behind the coin. Most people loose their assets on a day to day base so research is highly paramount in other to get guidelines on coin options.

[dunfida]

The emergence of new coins is not surprising at all. The crypto space is developing very actively. Without new coins the crypto market would simply become obsolete. Of course, we see low-quality products, but among them there are also some really high-quality projects with great potential.

Unfortunately the market is really oversaturated and it is a pity that new coins often is scam...

Oversaturated indeed which it comes to a point that new projects arent already relevant at all for them to exist.As long there are developers that do make new coins
for the sake of making profits then this trend would really continue no matter what and cant be stopped.As an investor then you should really be careful on choosing
one because out of thousands of coins in the market for you to choose from then it would really be a confusing thing thats why its better to focus only on top 1-20
which i do believe for it to be worth for someone to consider and the rest are just garbage.

[BuNga_cute]

I agree that now there are too many coins in circulation, and they don't have a clear purpose and function. Many projects are created in the crypto
industry just for fundraising, therefore we must be careful investing in new projects. Because only coins with strong fundamentals will survive
and are worth buying, I myself prefer to invest in old coins. Those who do have a good track record, but there is nothing wrong with trying to invest
in new projects as long as we do the research properly.

[kawetsriyanto]

The following factors could also serve as guideline to selecting the right coin to invest in:
1. How useful the coin is:
2.is the purpose of the coin legit
3.Analyze its competitiveness
4.Demand and supply
5.market capitalization and founders holding
6.the general value

You're right. there are so many coins in the market and also in the platforms on which they're not listed yet. There are legit, failed, and also scam projects that result in certain coins or tokens, And in this case, they are probably worthy and potential, but also probably going to be shitcoins or dead coins.
Well about those questions,
all coins may have their own purposes in the concept for their own use case whether real or not.
However, we can be sure that veery coin with a great team, strong development and also interesting concept will be potential and survive in the amrket.

[Botnake]

Just look at this way, the scam rate in crypto based on the articles I've read is about 90%, so that figure says easily about how this market has become oversaturated with scam coins but too little legit coins. With that, it makes the market more risky to invest especially for those who doesn't have enough knowledge and just came here because of FOMO, they should be aware of this reality first before trying to risk and maybe trim that greediness a bit.

Always study, use your mind before investing, no room for emotion in a risky market.

[TimeTeller]

Altcoin will continue to increase and different projects will still be in development. In ancient times we had few coin in circulation. But with the help of cryptography different coins is currently in circulation. And more coins would continually go into circulation. Buying coins needs to be guided with proper knowledge. Many altcoin projects is a product of many environmental at societal challange. What could the coin you intend to invest in solve? How long will the project last. How developed is the software behind the coin. Most people loose their assets on a day to day base so research is highly paramount in other to get guidelines on coin options.

This is why new projects will continue to increase day by day because we don't know which one will be valuable in the market.
As this space is free for everyone, they are welcome to launch their own project, whether they have good intentions or not.
Only time can prove their authenticity and usefulness of the project. We can't judge it at the early days of development.
However, we can already see some red flags like fake profiles, plagiarized papers, ponzi scheme and so on.
And that will be your warning to further study the project if you do really want to invest. Very few coins can survive long.

[Kasabus]

It's true.Too many coin was in circulation, but the thing is you should find a legit one. Chosen is the important part of investment. Once you had decided, you can't change it often. If so, you may lose a money. Study at a point, it won't works. Surely it leave you a lesson for future.

You can easily find it by just focusing on the top altcoins, not on the new projects. The common reason why some newcomers are in lose and wrongly choose projects/coins to invest in is that they look for cheap coins. Actually, there is no wrong with that but the problem is that they usually fall into shitcoins. That's why DYOR is very important and when it comes to investment, may price will matter but we have to consider most of those coins that could give us profit assurance, not a losing end.