Most of your coins are going to be worthless in years.

[sherryDEFI]

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

[Darker45]

Of course, there is no need pointing this out. As you said, this is common sense.

During the golden days of ICO in 2017, the crypto market is flooded with all kinds of crypto projects offering their own tokens. You could imagine the world is indeed turning into blockchain and everything is already tokenized. Crypto projects widely vary. There are those which focused on tokenizing the music industry, real estate, transportation, ticketing system, and so on.

And there are also those which focused on tokenizing health, agriculture, textile industry, VR, reward system, streaming, gaming industry, porn, and probably hundreds more.

Billions and billions of USD flowed into these projects. More or less a year later, 99% of them had died. This is no different from the kind of hype that characterizes NFT, DeFi, and others.

[mk4]

Here's a snapshot of the top coins on CoinMarketCap on June 28th, 2018 (the crash after the 2017 bull market): https://coinmarketcap.com/historical/20180624/

A lot of the coins close to the top are now far down. Just to show how hit or miss which cryptocurrencies actually end up surviving the long-term.

[YOSHIE]

You must have read the history of the Soviet Union which broke into 15 countries, from 15 former Soviet countries, now developing and some are dying, all of that is not immune from the role of leaders and society.

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Your story about the thousands of Altcoins that are mushrooming in the crypto market today cannot be separated from the creators and the team to develop these Altcoins in the market.

For now I have to really assess something that is not independent of who the creator of the Altcoin is, where the coin is headed, who is involved / the team in it, what is clear is that I do not leave Bitcoin, even though there are thousands of altcoins in the market today.

Nowadays it is quite easy to make a coin / airdrop just to own some famous coins like BNB etc, for that you have to really aim at all of that, not half-hearted with a million supply capacity, for what....!

Be careful the ruler / money can plunge you in the deepest hole until you are buried without getting up.

[michellee]

We will see many of that coins from that thousands of coins will disappear and abandon by the developer because the project can not continue. Only the coin that has support from many people will survive and will continue to rise.

It will be like that from time to time. Besides the dead coins, we will see many coins will release almost every day, replacing the coins that will disappear. If you can be careful to select the coins, you will have a long-term coin that can give you profitable.

[mk4]

What's your point then? If there are coins that won't have any value in the future, what would happen next then? You are a pretentious smarty pants OP so you might want to explain it a bit further,

Which point are you refuting though? What OP said was common knowledge, but it ain't wrong.

why compare it to dot com bubble? Can I watch videos or socialize with other people with these coins?

I'm pretty sure the comparison was concerning the cryptocurrency space and the dotcom bubble having very high levels of speculation, not necessarily the use-cases.

[crwth]

There is an easy way to get ahead of this and prevent you from buying shitcoins and losing money over the years. It's best to invest in the top coins already. Many coins show potential, but it's almost always going to be the same as the top coins in terms of features. There's nothing too original about it unless it involves improvement in the protocols that a particular currency is already using.

I think many people are hoping for the next DOGE and betting on these different meme coins that are popping up everywhere and hoping that it will boom and go to the moon as well.

[Obito]

Well then, just stick to the coins that have already proven itself and have 10% of your funds being juggled in between obscure coins, they might become worthless in the near future but that doesn't mean that you can't make profit out of it while it's still going hot.

[OcTradism]

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Most died.

Not all cryptocurrencies are listed on coinmarketcap, even so there are 5391 cryptocurrencies on that website.

Pages from 44 to 54 are dead projects with less than $1,000 trading volume in 24 hours or 0 volume. It supports the fact you posted.

Most of altcoins, useless tokens as meme tokens will be dead. $SHIBA and other dog meme tokens will have similar endings. If you consider $SHIBA as a leader of meme token, it can survive but other meme tokens will die.

Coingecko shows 37 meme tokens in that category: https://www.coingecko.com/vi/categories/meme-token

Let's save the link and watch when most of those meme tokens will die with no trading volume.

[dansus021]

to be honest coin will pop out and not gonna stop soon from shitcoin to really valuable coin and we can took example on bsc yesterday when doge clone or meme coin becoming pump and dump coin

and it make really good penny for people like me who's work on bounty hunter when new coin launch

always #DoYourOwnResearch and #DoWithYourOwnRisk

[Wexnident]

And it isn't surprising, coins compete with other coins after all, so whoever is better would naturally stand out and stay on the top, and whoever is bad would go down the drain. Most altcoins are shtcoins yes, but some are worth picking up if you want to invest and widen your portfolio. It just takes time to actually study up and identify which coin would actually last the test of time. Don't look at how a coin boomed at it's start, look at how the coin stood in around 4 maybe 5 years, since it's only going to show its true value by then.

[Woodie]

Those coins that can't stand the test of time are just there to enrich the the devs and a few early adopters.

Which is why if a coin does not have a community to back it, buy low wait for the pump and sell then leave, it doesn't always happen sometimes coin fails to take off and dies as a shitcoin, the reality of our crypto life 😉.

[Pandji02]

Absolutely. But if you know what you're doing you can make profits of it in a small term. In long term i have faith only in BTC, ETH, LTC and BCH.

[boyptc]

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

So true.

Many of them are going to be worthless even with the thing that's attached to your name, the defi projects, time will come that investors will start to flee from it due to the several hacks that are happening with them and it's going to be harder to trust them.

But it's a fact that just like what has happened these past years, many coins have been valuable then the year has come that they're no longer valuable.

[Barry Mantle]

As I the circle of life in all systems.

~99% of all life that has ever lived is now extinct. Complex life led to complex systems, and steeper degrees of competition for finite resources. Life goes on, but things adjust, moving pieces in the larger machine change but the engine keeps turning.

~99% of all stocks have gone to 0. We don't see this phenomena in front of our eyes, because people measure our economies using aggregates and indexes, but the rising tide is carried by a small subset of the healthy and fit companies. Nearly every stock that has ever traded on the NYSE eventually went bust, but the market index continues to climb as the clear winners continue to rise and carry the overall market with them.

Crypto is no different. Coins have come and gone. If we look at historic market cap data, besides bitcoin all top crypto markets in 2013 are no longer in the top 10-20 coins for 2021. Some outliers have held out and remain in demand, but their death is inevitable.

[ROSE B]

The Bitcoin market will rebound again. We must strengthen our belief in Bitcoin and have confidence in the Bitcoin market.

[KaliLinux]

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

This is a normal thing with cryptocurrencies. I have noticed this for myself too that some or most of the top Coins I traded back in 2017 are no were near the top Coins on any market tracking site now. Even if some of them are still trading, I believe as someone have already mentioned, we have newer technology and a new approach to things and the projects that are not able to keep up will naturally go under.  

[amishmanish]

--snip--We must strengthen our belief in Bitcoin and have confidence in the Bitcoin market.

While you are at it, you may also pray to Thor to strike down Chinese FUD and make an offering of a a young deer's antlers beside the office's of Elon Musk so he will understand PoW faster than he can tweet about shit-coins.

--snip--
Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

Dot com boom survivors weren't necessarily so because they had the most visitors, but because those businesses and activites made sense to be online. Those who went into it with the perspective of a traditional business and used a dot-com as an e-business cover-up folded quickly.

When it comes to cryptocurrency, the most basic need is for a currency and network that is reliable, robust, yet decentralized and censorship-resistant; with a 100% commitment to those latter qualities. Amidst all the wannabes and the corporate/ foundation-coins, Bitcoin is the only one that manages to do that.

[jjdub7]

It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.

Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.

Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.

Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.

In my opinion, most of the coins on the market are useless even now, but I don't think that's a surprise to anyone.

However, this is a normal "rule" when something is in vogue - there are things that are really good and have value and a future, and there are those who try to copy and make money without value. This should not surprise anyone.

[ancafe]

I guess it depends on the developer. many coins may become worthless within 1 year. however, there are still quite a few coins that become very valuable, or even their price becomes very high when 1 year. however, it all depends on the coins you choose to hold. if I feel that the coin has no potential, I will sell it.