Too many coin in circulation

[abderrazak belkhir]

I think you forget about an important think:

7: if the team did a bounty program and what was the allocation

Bounty hunters have a selling strategy and most of them dont want to hold any single coin for the future that because they alway wanted to convert their work to fiat.

Some bounty hunters sold their tokens (Amepay) for less than 0.005 and the price now is 0.07 and im sure it will rise again

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[plr]

It's not really the coin but the project behind the coin, if you know what to look at on a project, the development team, the issues that they want to address, and the platform that they are offering to the community, whatever coin those team named or algo they want to use, they are going to succeed, even if they have the name failure on their coin, it's all about the project.

[Wawa2013]

It will have a negative effect with lots of coins in circulation, because it can make many investors lose money if they choose the wrong coins
for investment. Because based on the data I got in several articles on the internet, it said that about 90% of the coins in circulation were shitcoins.
Therefore it is very important to do analysis and research first before deciding on an investment, make sure the coins we choose have a high volume.
Because usually high volume coins have a high demand, making it easier to make profit from these coins.

[Finestream]

It's not really the coin but the project behind the coin, if you know what to look at on a project, the development team, the issues that they want to address, and the platform that they are offering to the community, whatever coin those team named or algo they want to use, they are going to succeed, even if they have the name failure on their coin, it's all about the project.

Exactly. It's the project that carries the competitiveness and utility of such coin. But still, a lot of projects have been launched in the market so we need to analyze more by making our own research which project will be most appealing to the investors thru the team that carries out the success of the project.

[kak uli]

I think all traders have different ways of trading, all based on their own understanding and experience. there are traders who prefer to trade in coins that have low prices and vice versa !!
in my opinion, what needs to be considered if the market conditions are like today (many Altcoins have sprung up)
"Just pay attention to the Altcoins that we invest in, are they decreasing or increasing?"
I don't think it will cause big losses for investors even though there are lots of altcoins that have sprung up and have good value.

[(o)(o)ilikeboobs(o)(o)]

There are currently over 10,000 cryos on the market and most of them are trash. Those are inactive projects. I suppose valid and valuable cryptocurrency. Only good projects deserve attention.

[Renampun]

There are currently over 10,000 cryos on the market and most of them are trash. Those are inactive projects. I suppose valid and valuable cryptocurrency. Only good projects deserve attention.

every day new coins/tokens appear and that only adds to the dirt 'lol'...
Every day new coins appear and it shows that there are so many who want to contribute to the crypto market. not carelessly choosing and focusing on old coins will make the heart calmer and avoid the scams that continue to appear in the crypto market.

[JooBra]

There are currently over 10,000 cryos on the market and most of them are trash. Those are inactive projects. I suppose valid and valuable cryptocurrency. Only good projects deserve attention.

every day new coins/tokens appear and that only adds to the dirt 'lol'...
Every day new coins appear and it shows that there are so many who want to contribute to the crypto market. not carelessly choosing and focusing on old coins will make the heart calmer and avoid the scams that continue to appear in the crypto market.

I don't mind having this much coins. With time the good project will stay and we have what we need. I think it's not a big deal.

[donatello345]

all must need in-depth research if you want to buy small but not well-known coins, if you want to be safe, buy ethereum, dot, uni coins for the long term

Yes, and what you mentioned is not a small coin even though the price is still very affordable and not too expensive for those who have a lot of money, because small Altcoins are Altcoins that have a lot of supply and the price is also very cheap even though these Altcoins are very well known.

Well, this is understandable, in order for a coin with a large number of coins on the market to increase in price, as the same bitcoin needs hundreds of millions of dollars to be poured into it.

Now is the time when 100 million coins is not so much.

[bitgolden]

From 2020 to 2021 there are so many new coins in the circulation, and of the course I really agree with the emergence of this new altcoin, so that the crypto world can grow and can be utilized by all levels of the society, but here we must always choose carefully.  The coins we want to invest in, because not all of these altcoins can provide benefits for us, therefore we must first study the coins we want to invest in, so that things that we don, 't want to happen.

It has been a very long pump year when every coin was in a big bull run. Also defi made things easier for people to build a token, I can create a new defi token in under 15 minutes if I want to, it will not be a good one, but the creation process is that simple. Which means we are talking about something that would not really be that difficult for people to create to make money as well.

Of course there are good ones, we have seen many good projects this year as well, but once again 90%+ of all coins created were shitcoins, they were just created because people wanted to make quick cash by selling their tokens that they created and it is easy way to make few hundred thousand dollars. Who can say no to that kind of money? Which is why everyone is trying to build one, it could be good or bad but it will make them a lot of money so they are trying and that's why there are so many of them.

[sunny28]

Be sure to study the project and the distribution of coins in the project before investing your money there, you know that you can earn money here, but you can also easily and simply lose all your money here, so be very careful, please!

[J1mb0]

There are many coins that meet all the criteria that you give, but in the end it is still just a garbage coin.
The crypto market works around hype and rumors. I can take Doge coin as an example, people go crazy over doge when Elon musk talks about it.

[galestorm]

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

This is what i always suggest others when they ask on what coin should they buy. It is important to weigh the factors especially when you're going to invest huge amounts on it. The only coins that i recommend is bitcoin and ethereum which passes all the factors that you've just mentioned. Other newly introduced coins are risky to invest in. Yes it is useful, but will it last in the long run? Does it cater to the majority of the investors? Who are the competitors of the coin? That's why most newly introduced coins turn into dump through the years. It's either because their concept is too common or rather the purpose of the coin is only suited to the current trend

[monroefries]

Too many coin in circulation

You have seen nothing yet...

It does not matter if there are many coins in circulation. The coins which are made to scam or get people's money won't survive for long but with every passing day the number of altcoins will continue to increase. For trader, this is good as it give more options and opportunity to trade and gain money. Also this means that the marketcap of crypto will continue to increase as more and more altcoins come into circulation.

More the coins are in market makes more competition! I think its good to have too many coins in circulation.

[decodx]

It's not really the coin but the project behind the coin, if you know what to look at on a project, the development team, the issues that they want to address, and the platform that they are offering to the community, whatever coin those team named or algo they want to use, they are going to succeed, even if they have the name failure on their coin, it's all about the project.

Yeah, I think it's extremely important. I think it's the number one thing that everyone needs to do, even if you have a great product. In other words, if the platform isn't ideal, even if the team is wacky, in other words, if the ICO is done with poor PR and a total unprofessional way of selling the coin or whatever project, if the team isn't up to snuff, then that team is going to fail.

[bitgolden]

Why still investing on new coins? what is the actual intention of those investors?

They invest to make money in short term so the chance of survival of those projects are very less even if they are more than good enough. So simply wait until the project becomes old then analyze all those points you mentioned.

That's the odd for the new projects even if they offer good services, people thinks only for their short term goals and didn't bother to look for the future of that project. We should always welcome new projects but don't trust them easily, just pick a good project and work on it for long term you'll see how good they are. Too many altcoins in the market, that's fine because not all of them are good very few succeed over time because they have a great community and they work as a team.

I think the best reason would be to actually make the most amount of money in the quickest possible way and that's it, they do not care about anything else about it. Let me put it this way, when there is a new coin, people get in and get in a lot and that increases the price, if you are lucky you would get in early and get out right at the top, I just faced a coin that went from 40 bucks to 300+ bucks just because it was new and everyone wanted to get it and do LP with it, unfortunately it dropped as much as 13-15 dollars in the next day, now it is back to around 40 bucks.

It all depends on what's going on, some people want to make money from one side, the other wants to make money from the other side, as long as there is no IL you can get some money out of this. I can't say what is going on with people because it is risky but they do get in to make a quick buck and take that risk.

[Vishnu.Reang]

More the coins are in market makes more competition! I think its good to have too many coins in circulation.

I don't agree with this argument. Having thousands of shitcoins in the market, which doesn't have any real life usage is not beneficial for anyone. On the other hand, they cause a lot of harm when new users unaware of their details invest in them and lose their capital. IMO, the sooner these shitcoins die out and are removed from the exchanges, that much better will be it for the health of cryptocurrency as a whole. Let's not forget that many of these coins are associated with scams and Ponzis.

[btc-facebook]

Probably why most people are just recommending bitcoin to everyone just because it is the safest investment that is going to make it compared to other altcoins.

For long-term investment, of course Bitcoin is the best potential, but isn't it only natural that bitcoin is always the main recommendation, and that doesn't mean investing in altcoins is bad, right?
The OP also describes several criteria for coins that are worth holding, one of which is that the coin must have a clear usecase, and the major coins in market cap have this criterion, and in my opinion there is no need to doubt it.

[poldanmig]

almost most of the altcoins in circulation are shittoken, which is detrimental to many people. always be careful when we buy altcoins whose trading volume is still low. There are so many altcoins that are dead at this time because they are left by the team and also their concept or product is not accepted in the market. The importance of research before we buy or invest is to analyze which altcoins have the potential or will lead to a scam. remember that anything can happen in crypto.

[ibbaramichaelx1]

Many cryptocurrencies like BTC have a limited supply, and so people claim that they are resistant to inflation. However, there is no limit to the number of altcoins that can exist. So isn't it true that every time a new coin is introduced and people start buying it, the value of all other coins decreases, therefore causing inflation?? Anyway, during a market crash, all of shitcoins will surely die...

And I believed, over time... The cream will rise to the top... I have my quality portfolio fully ready for that day.
I am limited only to: [ETH, BCH, UNI, DOT and Blocknet (BLOCK).]