Only Small % Of Tokens/Coins Survive

[Yogee]

This looks like one of those lottery winner stories hehe. Just pick a few numbers and let the ball roll. Have you thought how much you would have made if you sold them for ETH early on instead of holding them? Maybe you could have accumulated at least 10 ETH from those tokens.

[8rch7]

yes, it is very difficult to analyze and predict it. sometimes coins/tokens that are thought to be good turn out to be bad, sometimes vice versa (what are considered bad turn out to be good). Only a few end well (survive).

I've also heard statements that in the years to come there will be some old projects being revived, but I forgot the source.

[panduryk]

Yeap, im agree with u ( think around 20%), and im from 2017 when 1700 coins was on coinmarketcap, and now here are more then 17000 coins.
So a lot of coins from 2017 was Scamed, and survive only the best ones and infrastructure projects. Also a lot of coins cant survive in bear market time.

[CaVO32]

yes, it is very difficult to analyze and predict it. sometimes coins/tokens that are thought to be good turn out to be bad, sometimes vice versa (what are considered bad turn out to be good). Only a few end well (survive).

I've also heard statements that in the years to come there will be some old projects being revived, but I forgot the source.

You can't trust some sources stating that specific projects are going to be revived as you don't know the real score in terms of developments. Unless, we are already seeing the progress of what's going on. It is hard to trust especially if you will spend money to invest on those projects. I remember when ERC20 tokens were first introduced. It was like one project after another project was being launched daily. Some who got lucky, earned a lot from those tokens. However, it is true that majority of those tokens were long dead and abandoned already. And that solidifies the reliability of bitcoin. Because up until now, it is still in the top position of crypto market.

[wheelz1200]

Few years ago, someone quoted me that in few years from now none of coins/tokens that you are currently drooling over will exist.

I was overconfident, shrugged off saying - let's see, and copied the link to his comment, just so I could backfire later.

I forgot where I copied it, likely reduced to ashes because of incident. Used to use some writing app without backup.

Now, fast forward today, was in mood of reminiscence. Checked transfers on my addresses (~5 yr history), 99% of coins were abandoned. The coins which once I thought were genuine, were to last long - no longer existed.

Now, rest 1% which still existed, one of them was Ethlend, I didn't even know I took part in it until checked history. It's now rebranded to Aave and is currently trading around $140, ATH being $661.

If you are curious, received 87 tokens from bounty. Sold 'em for few dollars on etherdelta. What difference did those few $ make? Why am I like this?

Then there was another project named, Sandblock - they went radio silence when crypto winter 2018 arrived, I lost hope, everyone lost hope and now in 2022 they rebrand and bam, project revived.

Conclusion: Most coins/tokens don't survive and you likely won't know which will and which will not.


Do you agree? Have similar experiences? Would you like to share?

Of course this is right.  Crypto is driven by fads and greed.  As soon as bear markets come all of these projects literally vanish because there is no need for them and no one isaking money trading them.  I'd steer clear of most any new coin and just wait a couple market cycles to see what it does.  If it survives you might have something worth putting your money into.  Chasing greed leaves most broke.

[TheUltraElite]

This looks like one of those lottery winner stories hehe. Just pick a few numbers and let the ball roll. Have you thought how much you would have made if you sold them for ETH early on instead of holding them? Maybe you could have accumulated at least 10 ETH from those tokens.

Indeed the altcoin bounty hunting became a lottery after the first few which became very popular. After the start of ETH ERC-20 tokens, there were numerous tokens being launched and that flooded the market will scam coins and shitcoin projects that were not developing anything at all, a vaporware. Coinmarketcap everyday sees some certain coin getting pumped and these shitcoins end up being part of such pump and dump schemes once their investors understand that the project has been abandoned.

My suggestion to newbies is always to keep altcoins to a bare minimum and not run behind them. It is rather important to stash up on bitcoin.

[KaliLinux]

Few years ago, someone quoted me that in few years from now none of coins/tokens that you are currently drooling over will exist.

I was overconfident, shrugged off saying - let's see, and copied the link to his comment, just so I could backfire later.

I forgot where I copied it, likely reduced to ashes because of incident. Used to use some writing app without backup.

Now, fast forward today, was in mood of reminiscence. Checked transfers on my addresses (~5 yr history), 99% of coins were abandoned. The coins which once I thought were genuine, were to last long - no longer existed.

Now, rest 1% which still existed, one of them was Ethlend, I didn't even know I took part in it until checked history. It's now rebranded to Aave and is currently trading around $140, ATH being $661.

If you are curious, received 87 tokens from bounty. Sold 'em for few dollars on etherdelta. What difference did those few $ make? Why am I like this?

Then there was another project named, Sandblock - they went radio silence when crypto winter 2018 arrived, I lost hope, everyone lost hope and now in 2022 they rebrand and bam, project revived.

Conclusion: Most coins/tokens don't survive and you likely won't know which will and which will not.


Do you agree? Have similar experiences? Would you like to share?

Of course this is right.  Crypto is driven by fads and greed.  As soon as bear markets come all of these projects literally vanish because there is no need for them and no one isaking money trading them.  I'd steer clear of most any new coin and just wait a couple market cycles to see what it does.  If it survives you might have something worth putting your money into.  Chasing greed leaves most broke.

You are also right. I look at my wallet from back in 2017 and still have a lot of dead projects there just hanging in the wallet of cause back in 2017, most of the projects were mostly just to collect investors' funds, and just a few still been traded even though there is no significant progress in the project.

Well for me, this doesn't mean you cannot invest in new projects but I don't see them as a choice for long-term investment rather for a midterm, this way you don't end up holding a bag of dead coin/tokens. 

 

[hamba laeh]

Few years ago, someone quoted me that in few years from now none of coins/tokens that you are currently drooling over will exist.

I was overconfident, shrugged off saying - let's see, and copied the link to his comment, just so I could backfire later.

I forgot where I copied it, likely reduced to ashes because of incident. Used to use some writing app without backup.

Now, fast forward today, was in mood of reminiscence. Checked transfers on my addresses (~5 yr history), 99% of coins were abandoned. The coins which once I thought were genuine, were to last long - no longer existed.

Now, rest 1% which still existed, one of them was Ethlend, I didn't even know I took part in it until checked history. It's now rebranded to Aave and is currently trading around $140, ATH being $661.

If you are curious, received 87 tokens from bounty. Sold 'em for few dollars on etherdelta. What difference did those few $ make? Why am I like this?

Then there was another project named, Sandblock - they went radio silence when crypto winter 2018 arrived, I lost hope, everyone lost hope and now in 2022 they rebrand and bam, project revived.

Conclusion: Most coins/tokens don't survive and you likely won't know which will and which will not.


Do you agree? Have similar experiences? Would you like to share?

I am a bounty hunter since 2017 and until now I am still a participant in the bounty campaign. but what I want to say is that never trusted any altcoins other than bitcoin and ethereum until now, so every altcoin distribution then I immediately sell it and exchange it in bitcoin or ethereum. because I believe that many altcoins we receive from the bounty campaign will not last long, although some are able to survive, but only 1 - 5%.

[TheUltraElite]

I am a bounty hunter since 2017 and until now I am still a participant in the bounty campaign. but what I want to say is that never trusted any altcoins other than bitcoin and ethereum until now, so every altcoin distribution then I immediately sell it and exchange it in bitcoin or ethereum. because I believe that many altcoins we receive from the bounty campaign will not last long, although some are able to survive, but only 1 - 5%.

Not a bad approach though, but I am sure you will be getting a number of projects that are only there to fill your wallet and not provide anything useful worth speculation. There are those coins that will be going up but their number is overshadowed by the number of coins that are going down. It is a difficult to segregate situation for a newbie entering the market, but you have obviously gained some experience on this.

In the long run most of them will be abandoned but being quick and selling right after getting listed is a though thing to follow and often people are not in a position to open new accounts on a new site and place orders.

[GEMIN_M4]

This is why I take crypto space as a opportunity land, I have decided to only hold very limited number of coins because too many coins died since 2018 and some even died in just a year, when was the last time we heard a good news or even hype about QTUM and EOS?... They look abandoned to me.

[Jackl87]

There's really nothing to disagree with here. The mass majority don't survive, but you can make a killing if you manage to pick the 1-5% that does survive. The problem is that most people tend to underestimate how difficult it is to pick that 1-5%, and just get blinded by the potential ROI.

I still it depends on what kind of projects you have in your portfolio. If you have invested into "real" projects that are really doing some and that have a use case, a real team and a roadmap that they are following, then i think the percentage of those kind of projects that are still around in a few years is higher than 5%. They may not be that successful or big anymore but they are not dead in the meaning of completely gone. If you have invested mainly into sh*it-coins though (meme-coins) then i would say than way less than 1% of them will still be here in a few years. Thousands of them were created in the last few months and none of them offers something, so it's a good thing in my book that they disappear again.

[LogitechMouse]

~
Conclusion: Most coins/tokens don't survive and you likely won't know which will and which will not.


Do you agree? Have similar experiences? Would you like to share?

This is the reason why I'm focusing on investing mostly on the top coins and I'm putting most of my money in the top 10 coins.
I've been investing in crypto for quite some time already (though I'm not an expert) and I've seen numerous projects that are being abandoned or just lacking something like community etc. and it will continue until.... I don't know as long as there are new projects that are being created.

As for me, I've joined airdrops and bounty campaigns in the past. I sold some of the coins that I got from campaigns and airdrops and the others I kept for no reason. Held it for at least a year and most of them still doesn't have value though there are at least 1-2 tokens that got value until now but most of them doesn't have any value at all.

[aioc]

This is why I take crypto space as a opportunity land, I have decided to only hold very limited number of coins because too many coins died since 2018 and some even died in just a year, when was the last time we heard a good news or even hype about QTUM and EOS?... They look abandoned to me.

The best way to make a profit in the market now is to hold a small number of coins with good and proven have proven their potential in the market if you are a risk-taker you can allocate funds for risk investment in the hope that the project will prove it's potential, projects come and go and don't live up to what they've promised it's important to follow the project and see if they are really dedicated and watch if they are going to abandon along the way.

[arwin100]

This is why I take crypto space as a opportunity land, I have decided to only hold very limited number of coins because too many coins died since 2018 and some even died in just a year, when was the last time we heard a good news or even hype about QTUM and EOS?... They look abandoned to me.

The best way to make a profit in the market now is to hold a small number of coins with good and proven have proven their potential in the market if you are a risk-taker you can allocate funds for risk investment in the hope that the project will prove it's potential, projects come and go and don't live up to what they've promised it's important to follow the project and see if they are really dedicated and watch if they are going to abandon along the way.

Well we can check those coins which have good potential and one of the basis is they have good volume and also if they are listed at the top in the marketcap list sites. Choosing any other below or far from listed and got only small volume is so risky. Although some have potential but they are quite few and not good to buy when its late since for sure this is prone of manipulation.

[smyslov]

This is why I take crypto space as a opportunity land, I have decided to only hold very limited number of coins because too many coins died since 2018 and some even died in just a year, when was the last time we heard a good news or even hype about QTUM and EOS?... They look abandoned to me.

The best way to make a profit in the market now is to hold a small number of coins with good and proven have proven their potential in the market if you are a risk-taker you can allocate funds for risk investment in the hope that the project will prove it's potential, projects come and go and don't live up to what they've promised it's important to follow the project and see if they are really dedicated and watch if they are going to abandon along the way.

Well we can check those coins which have good potential and one of the basis is they have good volume and also if they are listed at the top in the marketcap list sites. Choosing any other below or far from listed and got only small volume is so risky. Although some have potential but they are quite few and not good to buy when its late since for sure this is prone of manipulation.

If you're a small investor it's better to pick coins that are on top of the market profit is not that high but at least your losses are not that big if you are a medium investor or a whale then you can pick coins that will have potential in the future, but new projects are too risky knowing that these developers can launch a crowd sales and abandon the project than spend time creating platforms and spending money to promote it.

[SirLancelot]

The best way to make a profit in the market now is to hold a small number of coins with good and proven have proven their potential in the market if you are a risk-taker you can allocate funds for risk investment in the hope that the project will prove it's potential, projects come and go and don't live up to what they've promised it's important to follow the project and see if they are really dedicated and watch if they are going to abandon along the way.

Well we can check those coins which have good potential and one of the basis is they have good volume and also if they are listed at the top in the marketcap list sites. Choosing any other below or far from listed and got only small volume is so risky. Although some have potential but they are quite few and not good to buy when its late since for sure this is prone of manipulation.

This is easy to do if your buying but what if your like the op that gets most of his token from a bounty? almost all bounty started as a new project, that means they are not listed yet in a top exchanger and their volume is not that high enough. Not all good projects will also remain good, say they have good volume and they are traded on top exchanges when you first saw them but later on they can collapse for some reason. Their volumes will get lower and they will eventually delisted on top exchanges. The key here is about timing.

If you sense that a project won't go well, you should not hold for too long but you must sell and abandon it. Just hop on a new one and repeat the process.