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Author Topic: Most of your coins are going to be worthless in years.  (Read 972 times)
speedy963
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June 08, 2021, 03:13:52 PM
 #81

Obviously, majority of the coins on the market will be entirely useless in a couple of years. Even those coins that have some use case but are pretty common and not that in demand are not safe for extinction. What more those shitcoins nowadays that don't even have purpose nor can solve real world problems or contribute to the world wide adoption of cryptocurrencies? But still, a good trader knows when to take advantage of a hype no matter how useless it may be al long as there can be profits. Other than that reason would he plain stupid.
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June 08, 2021, 03:43:48 PM
 #82

At this time many coins are surging just because of social influence of manipulation games and they have no development team to support the project in future and that's why they will surely crash no doubt.So if you have invested in any of the coins just cash out your profits or loss whatever because in the end you will be left with nothing.Stick to the top coins like btc,eth,BNB,ADA,SOL,DOT,Matic which have came up with new ideas and improve the blockchain the more.I have personally witnessed many coins going to zero level from 2017 ICO which I gained through bounty campaign not investing but still faced loss at that time also.So it's better to be safe learning from past.

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June 08, 2021, 03:48:13 PM
 #83

Op, whatever you said i am completely agree with you.
Now a days many trader only greed for money and quick profit, so they are investing in these shitty coins and ignoring the stable coins.
But soon they will realise when the coins will start dumping rather than pumping.
I could rather suggest new traders always go for stable coins like BTC or ETH, this will give you small profit, but won’t give you huge losses.
Rest is upto other people’s opinion.

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June 08, 2021, 04:12:31 PM
 #84

Let us not always look at the bad side of everything alone. We should also look on the bright side. I agree with you that most of today's coins will become worthless in the future, though you did not mention some of these coins. Can we also talk about some of these low priced coins of today that will be worth millions tomorrow? It is the same way that some coins will disappear that some that are overlooked today will also become super coins too. Is there anyone here with the ability to lead us to the super coins of tomorrow? This is what will interest me or others who are ready to take the ride.
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June 08, 2021, 04:25:45 PM
 #85

its true for sure because most of the scammers are trying to scam thorough crypto tokens or currencies. its a great opportunity for scammers to use the hype can collect investors money  and get vanished investor.
so new investor and also olo investors should analyze a project carefully so that their money dont get loss

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Vishnu.Reang
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June 17, 2021, 06:50:58 AM
 #86

It surprises me that in cryptocurrency market the users never learn anything from what happened in the past. Scamcoins and shitcoins have existed for many many years and in 99% of the cases these coins died out within 12 months of their listing. The methodology used by these scammers is very simple. They will plagiarize the white paper and algorithm of the existing projects and will launch a copycat project with a lot of hype in the social media. Once they are able to get a great deal of interest from the users, they will dump their coins. And after a few months, this cycle will be repeated with another project.
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June 17, 2021, 12:37:09 PM
 #87

that's how the crypto world is, only quality altcoins will continue to exist in the market, the rest will be destroyed by time because they don't have updates for requests that occur in the market. if the altcoin cannot take advantage of the opportunity it will be left behind and eliminated.
Even though the quality of the coins that are owned still cannot guarantee that they can withstand the blows of these whales, the conditions of the exchange are not good and a lot of whales sell their assets and make the price collapse.

What kind of guarantee are you looking for? When a coin has been listed on the market,
the price movement will be determined by the market mechanism, pump and dump are part of that mechanism.
All we have to do is learn the mechanics of it and look for opportunities to make a profit.

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aprilnot
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June 17, 2021, 01:26:40 PM
 #88

Only coins that do things will be valuable.

That's the important point Smiley

Smart contracts are the future and Platforms that have the most active developers in creating applications
with significant utility for their users will have a bright future
Invest in use cases not just because of the speed and cost of using them. IMO

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June 17, 2021, 01:30:19 PM
 #89

Yes I totally agree with you most of the meme coin is worthless with time  as meme coin is something that may have no owner of May be coin had even no purpose that is the main reason that Meme coin is also known as shitcoin even though there are many meme coin that had give us good profit like Shiba inc doge coin but still it has risk involved in it so you may say that it may be worst with time

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June 17, 2021, 01:56:54 PM
 #90

The value of crypto is created by the developer and the community. Each price drop is a market purge so we will see developers or investors give up. Since the long-term drop of 2018 to early 2020, we have seen many cryptocurrencies lie dormant in price declines.
The meme coins are unknown because the market has no precedent for them. Right now coinbase pro also listed SHIBA so it's hard to say that this project will die.
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June 17, 2021, 02:03:26 PM
 #91

This is what the cycle says, there will always be change and it's worth it. Why ?? because there will always be new tokens that appear. losing prices on old tokens that are no longer developed is natural and common in the crypto world. So, for me it's no problem at all.
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June 17, 2021, 02:08:28 PM
 #92

There is nothing surprising. Cryptocurrencies are developing rapidly, most of them, for various reasons, become useless over time. However, even on cryptocurrency, which eventually becomes useless, you can make a profit in the first period. You just need to constantly monitor the news and processes taking place in this market, as well as make the right decisions on the purchase and sale and retention in time. This is even good, since we all have an equal opportunity regardless of the time of entry into this market.

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June 17, 2021, 02:46:51 PM
 #93

I agree, there are so many new coins and tokens that we have now and as you have said most of them will be worthless, well that is common sense and I know most of the bitcoiners already know about that. Only those projects with good community will have a good potential in the future.
Well, I held a new coin that went up in price last month, but right now it looks like a lot of the holders are having a headache. anyway, i'm also holding that coin, and it's not even 1 year yet. anyway, lots of tokens like this, I just hope the price can get back high in the near future. even projects with good concepts and products need to survive the mass sales of investors, or their supporters.

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June 17, 2021, 03:17:54 PM
 #94

Well, I held a new coin that went up in price last month, but right now it looks like a lot of the holders are having a headache. anyway, i'm also holding that coin, and it's not even 1 year yet. anyway, lots of tokens like this, I just hope the price can get back high in the near future. even projects with good concepts and products need to survive the mass sales of investors, or their supporters.
a new coin without good features/technology  such what can be seen in some trusted projects surely will not long last on this crypto space, especially if it will experience a masive dump after making all time high value, because its not same with bitcoin wherein after the hard fall people still see it good and can guarantee huge profits after all even at the very dip price.. Unlike new projects that after the hard fall it always becomes very unpredictable..
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June 17, 2021, 04:19:58 PM
 #95

Yes, we all know most of the coins will die in the long term. Some shit coins are booming but we can not say it will keep booming. We should trust tested coins that are here in the market for long we can trust such coins. This is a highly volatile market and we should understand the market behavior and sell it before it drops again and should not be more greedy. There are only very limited coins that can be trusted rest it all depends on luck.

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June 17, 2021, 04:53:07 PM
 #96

It will happen only if you choose and invest in the wrong places, i have been invested in to ethlend ( now AAVE ), Dent, decentraland and many altcoin. Choose wisely and research it. Does the project make sense ? Does the token will be used in the next few years. Somehow i agree many of them will be worthless but there are a chance few of them will gives you good gain by holding it.

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June 17, 2021, 04:58:28 PM
 #97

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.

You're right because I have a lot of worthless coin in my wallet, there is more than half Million others are hundred thousand above. It can't be use anymore and just a decoration in my wallet and remembrance in such coin. That's why if you want to invest, always be careful and learn it very well so that it will not become useless in the future.

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June 17, 2021, 05:20:13 PM
 #98

More than fifty percent of altcoin I bought in 2014 are still very much around.  I bought ethereum  is still here,  Wave coin is still here. Lisk was considered as a competition for ethereum in those days but unfortunately,  was never materialized  yet,  the lisk coin is still trading after all these years.  The question to ask is actually what makes coin worthless? Is it the lack of development or not having a niche market that is poise to create new uses or solve existing or future problems!

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June 17, 2021, 05:43:33 PM
 #99

More than fifty percent of altcoin I bought in 2014 are still very much around.  I bought ethereum  is still here,  Wave coin is still here. Lisk was considered as a competition for ethereum in those days but unfortunately,  was never materialized  yet,  the lisk coin is still trading after all these years.
Selective coins before 2016 are good to continue your holding; you sound like you are too good in choosing your coins for investment which must be the reason your list sounds like too good for anyone to have in their portfolio. I have few of them from your list but I did not invest into ethereum when it was new; honestly missed that due to lack of knowledge on finding good coins at early days.

The question to ask is actually what makes coin worthless? Is it the lack of development or not having a niche market that is poise to create new uses or solve existing or future problems!
Coins which are lagging in real world use case might be dying over the time; scammy devs do create coins and tokens just for the purpose of pump and dump then how we can expect them to be sustaining for years. Such coins will become worthless in years for sure.
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June 17, 2021, 05:45:02 PM
 #100

making a long term hold strategy is no longer a current thing we must not leave the tokens / altcoins on the wallet they can lose value or become out of order / useless we have to change everything into altcoins of great value that can profit a lot through staking
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