Dissapointments of the creation of the thousands of failed altcoins.

[Benefactor]

Most of altcoin projects made are close to home activities and they don't focus on finishing their guide. Just undertakings that are all around contributed by enormous organizations and have items can endure. A few novices contribute with no thought this is the motivation behind why con artists took altcoin as a device to plunder cash from individuals without any exemptions.

[bonghip]

Currently on Coinmarketcap there are 11,065 coins/token, this is indeed a large number. And it keeps growing. Altcoins exist 2 sides good and bad.
There have been many great Altcoins and overcome many disadvantages of BTC such as: ETH, Dot, Solana, Polygon,... And attracted a lot of non-crypto to the crypto market.

Besides, there are many altcoins that are scams, they take advantage of investors' trust and deceive them.

It's all up to you, Be smart in a market full of scammers

[LogitechMouse]

When the developers only thinks about the money that you can get, you as investors will really feel disappointment for various reasons.

Lack of communication, devs can't be contacted, no updates regarding the project. These are just few of the main reasons why a new project end up a fail project and this is what makes the investor disappointed. This is also the reason for me why I'd rather invest into old and top coins rather than investing into some new projects out there. Most of the new projects out there can't benefit the people at least and some doesn't have any use cases. Most of them are just created for the sake of profit and money. Its really disappointing to see these failed altcoins but what is more disappointing is there are some investors who are investing into these altcoins .

[aemma]

There are indeed many altcoins created already but out of the great number of them, how many is even working, which then means that, creating a token is one thing but maintaining it is another thing, which is the most important. Many of these developers create these coins and tokens just to make money and nothing more, which is why they don't last long, while those team who understands that technology is one thing that evolves, grows and innovate always make sure they keep improving on their products and services in order to be relevant, this also goes to prove the reason why most coins and tokens drops from top 10 to 100 and others grows from top 20 to 10, it's all about innovation.
Take a look at Binance for example, does it look like the team are tired of bringing interesting services and keeping in touch with innovations and trend sweeping around the crypto space, this is what makes them relevant.
So until most team understands that there is need to improve on their road map so as to be in constant line with the crypto space and its trend, lack of improvements on what users want, promotions or social media activeness to keep getting more investors etc, their projects will keep failing.

[slaman29]

Most of altcoin projects made are close to home activities and they don't focus on finishing their guide.

Who cares about finishing the guide. They don't even do anything to complete any item on their roadmaps. Build this ecosystem and that, while all they do is act as code cannibals and modify existing code and smart contracts on open projects on github.

And people who buy them actually don't care because they're not even users.

[Dump3er]

Most of altcoin projects made are close to home activities and they don't focus on finishing their guide.

Who cares about finishing the guide. They don't even do anything to complete any item on their roadmaps. Build this ecosystem and that, while all they do is act as code cannibals and modify existing code and smart contracts on open projects on github.

And people who buy them actually don't care because they're not even users.

Maybe they never planned to finish the items on their roadmaps and just put together a white paper to convince you and ultimately steal your money. That happens so often that I am tired of it by now. We usually should demand prototypes before they get any money, but then they claim they can't get started without seed funding.

[Renampun]

IMO, I think disappointments are just normal in the crypto industry, Because we all know that crypto is a high-risk kind of investment and mostly run base on speculation, that's why many developers are taking speculative action and adventures into the crypto space, And they are creating tons of useless altcoins that commonly called by others as "Shitcoin's," and the truth is whether we like it or not, it is a never-ending cycle, As long as crypto people are willing to speculate and continue to invest in those projects.

Useless altcoins will continue to appear as long as more people invest in them...

Regret is a useless thing because time can't go back. Trying to be critical in your analysis and buying new altcoins is what you need so you don't get stuck buying shitcoins.

[Kez1817]

Investing in altcoins is very challenging and exciting because you need to choose the best one out of thousands of altcoins in crypto market. Disappointment is inevitable because of a lot of altcoins without value. That's why always take precautions everytime you are going to invest in altcoins.

[tygeade]

some new projects are just taking advantage of the hype in the market. they hang fast but also seem to disappear quickly. It's a shame for projects like this because even if we hold the token in the long term, we won't get any profit.

but we also have to realize, the existence of a new project also results in fairly good adoption in the crypto market. when there are hot new projects, the absorption of market adoption of crypto assets will increase. it is building its own strength in the crypto market.

The sad part about that is the cause is investors and not the project owners most of the time. I have seen so many projects where project creators tried their best and did everything they could, and they ended up still failing because investors kept selling lower and lower, people who bought a token from 100 dollars each end up selling it for 10 cents each willing to eat the loss and get out, no idea why they do that.

In the end we are talking about something that is quite bad, but not something because project owners want to, but there are rug pulls as well, there are very bad owners who fail to deliver anything as well, so there are projects that go down because of the project creators but it is not always about that, investors who want to make a quick profit and get out are main investors of the newly created projects, they want to 10x in a week and get out, no idea why they think they will be capable of doing it at all.

[Argoo]

There are already 11,115 types of cryptocurrencies on the cryptocurrency market. Their number continues to increase every day. I regard this as a positive moment, which contributes to the very rapid development of this market. Whole new directions are emerging, such as DeFi and NFT, which we did not even know about, and this adds popularity and new opportunities to the cryptocurrency.
So far, everything is going well and even problems with the emergence of many useless and fraudulent cryptocurrencies cannot negate the previously achieved results.

[Ozero]

I think that those who have studied this market well will not be disappointed with the presence of more than 11,000 types of altcoins. Since there are people in the world with good and bad intentions, and everyone has the opportunity to create their own cryptocurrency, of course, both promising and useless and even fraudulent types of cryptocurrencies will appear. However, this is perhaps the only good opportunity for the rapid development of cryptocurrency. This fact is much more valuable than its negative side effects above.

[Brus123]

I think that those who have studied this market well will not be disappointed with the presence of more than 11,000 types of altcoins. Since there are people in the world with good and bad intentions, and everyone has the opportunity to create their own cryptocurrency, of course, both promising and useless and even fraudulent types of cryptocurrencies will appear. However, this is perhaps the only good opportunity for the rapid development of cryptocurrency. This fact is much more valuable than its negative side effects above.

You are right that it is really easy for programmers to launch new tokens and have success now. Newbies that come in big numbers because of crypto hype in the last 6 month are not very experienced to judge if this token is worthy or not. So they just hope to buy a new dogecoin and earn fast and a lot. The thing is that really good projects are waiting for a better time now, so now we can hardly talk about long investments in new projects.

[feelideb]

Whatever you emback on in the pursuot of your dream, having a knowledge and thorough understanding is essential for you to be successful! I have seen people rarely take decision of where to put there fund into by themselves rather, they invest based on hearsays, promises and crowd! So in my opinion, multitude of coin is not the problem, unlearned investors in cryptocurrency is!

[odukoyaewatomi27]

Investors need to understand that just as they are looking to make money from the blockchain and cryptocurrency market, that's the same way most project development teams are trying to make money. So it is not advisable to Just trust a project because it looks good, while doing your research, you should always dig deep into the teams profile and pay attention to if the team members have experience in the tech space

[Jaered]

It's called competition. You better get used to it. In life and in extension crypto, nothing is permanent. Only thing permanent is change. Bitcoin may be a shitcoin 10 years down the line.  Who knows

[xiboothrezi]

a project that looks convincing and promising can end up disappointing, so if you invest in a new project you should be more careful and only invest what you can afford to lose. this is really a principle that must be adhered to.

new projects will continue to appear as crypto develops, scammers targeting newbies will also continue to appear, even the appearance is very professional. it's competition, there are projects that are really built to compete, and some are just for scams. if you don't have enough experience in assessing new projects, you should choose old projects that are already successful and exist in the market. observe and analyze further developments to be able to enter at the right time.