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[Luzin]

In 2022, more than 12,000 altcoins have moved into the zombie category. Trading on them has stopped completely, no one needs them, now it's just a mountain of garbage that will forever remain in the wallets of investors. With each new cycle, this figure will only increase.

I know bitcoin 7 years. During that time it was indeed Bitcoin that was able to reach new highs. During this time I observed some of the coins that still survive because the creators are constantly developing or the community is constantly evolving. ETH and DOGE that I know of today still survive and have a large community.
I understand this is an industry, all cryptos are currently created to take advantage. In this matter the difference is the team in charge or just the team of liars and leaving. Because currently crypto is in development and attracts many new investors in. Although I believe they offer a better advantage than the first generation coin.

Never ignore bitcoin, it is good for any purpose, as a means of payment, as a storage value, as an investment, as a way to diversify. But do the shitcoins you fill your portfolios have such properties?

Of course my top choice is Bitcoin, I store it some. Furthermore indeed I have some Shitcoins that I keep, but I keep it hoping to have a good future because the team is still continuing to work. Perhaps it would be better that we should take advantage of the moment of buying and leaving, there is no need to store for too long

[cryptoaddictchie]

If someone will target a long term investment then bitcoin and or top 5 to 10 would maybe stays in the few years to come. But you cant deny the possible gains on such short to medium term on some altcoins then convert it into bitcoin. Its a matter of discipline to take some profits and reinvest it on good projects. While these things are growing people should be reminded that altcoins maybe good only for short term. Always choose a major coin if you are stacking profits from gains on altvoins to asset like btc which proven their strenght even in a bear situation.

[jackg]

Most notable ICOs have been evaluated to have done better than btc at some point for gains. The issue with this is its normally picking the Sell price as the ath of the coin or token (you're not going to know what that is until it's gone).

I've seen ICOs go for runs up to 3x immediately after they're listed on exchanges, just to flop back down later to zero (not sure if this is an internal attempt at manipulation from the ico team or not).

Bitcoin is the best crypto so far for long term investments though thst might always change too (it's certainly most notable in press releases though and it'll probably remain the dominant coin until something is mentioned a lot more than it and for a long period of time).

[Crypt0Gore]

The majority of those altcoins are scams but many survived in the last bear market and bring good Returns for investors, PYR was one of them, the thing is altcoins lover need to take their research skills very seriously, we all know that BTC holds the best reliable value but altcoins have the better ROI rate too. Thanks for the effort OP.

[masulum]

Although I didn't do personal analysis, but from what I know at the end of 2021, Crypto is full of MEME token and P2E token projects. then, many exchanges easily accept meme coin listings. The desire to become a millionaire from meme tokens makes many people hunt for new meme tokens that appear. Then, the developer easily pays the listing fee on the medium exchange. However, the market is bearish, hype memes and p2e are fading, investors are already buying when the hype is high or when the pump is crazy. Cut loss or not at all, until in the end many lose money from these kind of projects. This is what I think that makes the number of zombie tokens in 2022 increase drastically.

[electronicash]

Although I didn't do personal analysis, but from what I know at the end of 2021, Crypto is full of MEME token and P2E token projects. then, many exchanges easily accept meme coin listings. The desire to become a millionaire from meme tokens makes many people hunt for new meme tokens that appear. Then, the developer easily pays the listing fee on the medium exchange. However, the market is bearish, hype memes and p2e are fading, investors are already buying when the hype is high or when the pump is crazy. Cut loss or not at all, until in the end many lose money from these kind of projects. This is what I think that makes the number of zombie tokens in 2022 increase drastically.

which more of those 12k dead coins are probably memecoins. a lot of devs release memecoins all for the purpose of grabbing BTC and USDT form its investors. there are even reputable teams that you couldn't see any tweets now. 

i joined some bounty campaigns in 2021, i saw the token turned $3, i didn't sold it because its only listed on an exchange that i have no account yet but now i can see its $0.002 with the volume of $12/24hrs. still undead lol

[stompix]

This statistic once again confirms this and the fact that 99% of altcoins in the long run = SCAM.

I'm challenging those statistics!!!!
Coingecko still lists 132 pages of altcoins, which would mean at least 132 won't be scams in the long run and I heavily disagree with that, on top of that this not counting ICOs that never made it to that list or the ones that have been completely dropped.
So let's raise this to at least 99.6%!  

The majority of those altcoins are scams but many survived in the last bear market and bring good Returns for investors, PYR was one of them,

A lot of investors got money from Charles Ponzi and others from Madoff, but that does;t make any of them legitimate businesses.
This is the exact mindset that keep that shitcoins popping up, since I can make money if I bet on the right shitcoin at the right time everything is fine, f^&^ the moron that bought the coins from me as he will end up penniless, it's the revenue you get that matters.

[Renampun]

experience taught me the importance of only depositing funds in Bitcoin, I have several altcoins that I bought last year, last year the performance was very convincing but today the value of my investment in altcoins is minus 90%.
Even though I have a few satoshis that I hold but I really regret the decision I made last year by selling bitcoin and buying that shitcoin, I can't sell it because it will result in fatal losses. The valuable lesson I learned is that the world doesn't really want a few altcoins, only bitcoins that the world wants.

[ajiz138]

I have felt how bitter it is to hold an altcoin that was thought to go up but instead shrunk to 90% it almost lost all of the money but apart from that I never again trusted altcoins, I made it back on the right track, namely Bitcoin as the most valuable asset too stable.
About NFT I was never interested in the slightest even though it was booming but I don't think it will always be busy in the market and indeed the NFT market has decreased to 60% more than its usual market capitalist, maybe because Hype also made a lot of people buy and at the same time in the end they suffered the same loss as holding altcoins.

Choose Bitcoin as a more valuable asset for now and in the future, I no longer hold shitcoins that are full of garbage, an example is Terra Luna which fell 99% as well as the stable coin UST and this coin cannot be maintained until it experiences deep ugliness.

This reminder is important for newbies who come as investors believe in Bitcoin and throw away any curiosity about altcoins you will be completely better off for Bitcoin if it is held at its proper value.

Starting now is much better because the price is discounted, rather than waiting for a recovery it will make it more difficult for you to buy more Bitcoins.

[Finestream]

If someone will target a long term investment then bitcoin and or top 5 to 10 would maybe stays in the few years to come. But you cant deny the possible gains on such short to medium term on some altcoins then convert it into bitcoin. Its a matter of discipline to take some profits and reinvest it on good projects. While these things are growing people should be reminded that altcoins maybe good only for short term. Always choose a major coin if you are stacking profits from gains on altvoins to asset like btc which proven their strenght even in a bear situation.

Altcoins are nevertheless, good for short term hodling only and then sell instantly if there are chances for profits. That should be the mindset, but mostly newbies fail to realize about it but still stick to altcoins because they see it more affordable than bitcoin, but never care to think if it can sustain long term profitability making. Although i’m not saying it generally, because there are still some smart newbies who stick to bitcoin first and just start to accumulate altcoins after they made profits from bitcoin.

[lalabotax]

Altcoins are nevertheless, good for short term hodling only and then sell instantly if there are chances for profits.

Agree, investing in altcoins should be for the short term only. I got some profits from altcoins investment, but I only hold the altcoins for months. I never hold altcoins for years since many of them dropped their prices drastically and never return to their good prices again. The best strategy is to buy in the pre-sale and then sell them in the first launching listing on the exchange. If we failed to sell them in the first listing, it usually will be difficult to get a chance to make a profit.

[Sanitough]

If someone will target a long term investment then bitcoin and or top 5 to 10 would maybe stays in the few years to come. But you cant deny the possible gains on such short to medium term on some altcoins then convert it into bitcoin. Its a matter of discipline to take some profits and reinvest it on good projects. While these things are growing people should be reminded that altcoins maybe good only for short term. Always choose a major coin if you are stacking profits from gains on altvoins to asset like btc which proven their strenght even in a bear situation.

Investing in altcoins first in exchange for bitcoin in the future might be too risky as altcoins have lower chances to survive or sustain profits in the long term. But some have still managed to take the risk and end up profiting in the end. However, to lessen the risk especially for first time investors, focus on bitcoin first and never be tempted to buy altcoins first just because they’re way cheaper than bitcoin. Remember that if you invest for a big capital, your profits will also be as huge like 5x or 10x from your capital.

[Charles-Tim]

I understand that altcoins can be used for speculation, to increase a small deposit, etc, but keeping them in the long term is extremely risky. I don't understand those beginners who form their portfolios that consist ONLY of altcoins and NFTs? What do you expect when your diversification is zero and does not contain a single deflationary asset, which is Bitcoin. Bitcoin is volatile, but it is always rising and always in price.

You are correct, altcoins are not good for holding. I wonder those that invested at certain time in the past even before bitcoin and many other altcoins got to all-time-high, the price of all cryptocurrencies plummeted. In the past, it happens like that in a way crypto plumetter in price and marketcap and most altcoins failed to reach all-time-high.  This will only just be a trap. Bitcoin is far more better because it has gotten to all-time-high every four years as expected.

[Crypt0Gore]

This is another reminder that bitcoin is the best crypto asset as a long-term investment, and better than it, in the world of cryptocurrencies, has not yet been invented. eight)

This statistic once again confirms this and the fact that 99% of altcoins in the long run = SCAM.



In 2022, more than 12,000 altcoins have moved into the zombie category. Trading on them has stopped completely, no one needs them, now it's just a mountain of garbage that will forever remain in the wallets of investors. With each new cycle, this figure will only increase.

I understand that altcoins can be used for speculation, to increase a small deposit, etc, but keeping them in the long term is extremely risky. I don't understand those beginners who form their portfolios that consist ONLY of altcoins and NFTs? What do you expect when your diversification is zero and does not contain a single deflationary asset, which is Bitcoin. Bitcoin is volatile, but it is always rising and always in price.

Never ignore bitcoin, it is good for any purpose, as a means of payment, as a storage value, as an investment, as a way to diversify. But do the shitcoins you fill your portfolios have such properties?

Sir Ratimov, I posted something like this in another thread but the replies I got are not encouraging, people start saying otherwise like its a stupid plan or something, the post was about how better it is to hold BTC than altcoins even if you bought at ATH, please check it out because it seems you are the only one that sees things the same way I did.

https://bitcointalk.org/index.php?topic=5416498.msg61089558#msg61089558

[Pmalek]

I don't understand those beginners who form their portfolios that consist ONLY of altcoins and NFTs? What do you expect when your diversification is zero and does not contain a single deflationary asset, which is Bitcoin. Bitcoin is volatile, but it is always rising and always in price.

I seriously doubt your average altcoin and bounty crowd knows what deflationary means.

They could be interested in altcoins for a number of reasons. I am just going to mention two:

1. Bitcoin has already been around for over a decade and people know about it. They believe there isn't that much room to make a profit. Maybe they even think bitcoin will never reach those old highs ever again. They are also not aware of market cycles. Because of that, they think it's time to find the next coin that will become the new bitcoin when it comes to returns. Filling your wallets with as many of those useless tokens is what they believe will increase their chances of getting in early before one of them explodes.

2. They have no money to invest and can't buy Bitcoin. They have no other means to earn it. They don't work or have enough saved up, so they focus on what they believe is the next best thing - new unlisted tokens and altcoins. Maybe by holding those, they will amount to something in the future that can be sold or traded for bitcoin. Unfortunately, that rarely happens nowadays.   

[masulum]

which more of those 12k dead coins are probably memecoins. a lot of devs release memecoins all for the purpose of grabbing BTC and USDT form its investors. there are even reputable teams that you couldn't see any tweets now. 

i joined some bounty campaigns in 2021, i saw the token turned $3, i didn't sold it because its only listed on an exchange that i have no account yet but now i can see its $0.002 with the volume of $12/24hrs. still undead lol

That's right, based on the data compiled by Nomics most are project memes. Without a doubt, the meme project is just to keep up with the hype pump doge and make some people rich overnight. So this is used by developers who only want to make profit for the development team. The following is a quotes from the Nomics team that I took from Business2community.com about the dead project.

A co-founder at Nomics, Nick Gauthier, has said that most of the zombie projects are related to meme coins, small personal projects, and short-term leveraged assets. He also stated that even the currently trading assets receive thin volume these days.

[pooya87]

It always comes down to utilities. The problem is that altcoins don't have any utilities, they are just there to be pumped and dumped. Majority of them are copy coins without any innovations which is why they die in a very short time. The rest that stick around aren't that different either, they just had better pumping teams that kept them alive otherwise with the flaws that some of them have like ethereum, they should have died long ago.

In short if people are looking for an "investment" they should not consider anything other than bitcoin. If they want something to trade (in short term) and make quick profit, then altcoins are a useful option to consider as long as they accept the risks of getting into pump an dump schemes.

[Pmalek]

It always comes down to utilities. The problem is that altcoins don't have any utilities, they are just there to be pumped and dumped. Majority of them are copy coins without any innovations which is why they die in a very short time.

Reasons for existence and reasons for creation. When Bitcoin was created, the idea was to give ordinary people an alternative financial system they can use to avoid centralized control by corrupted entities. It made sense. Altcoins aren't improving on this initial idea. They are just saying, spend our coins instead and not BTC. Many don't have a reason to exist because you could just use bitcoin instead of whatever they are called and get the same results. Many projects don't even need a blockchain at all, they just want to be part of what is trendy.   

[Aanuoluwatofunmi]

This statistic once again confirms this and the fact that 99% of altcoins in the long run = SCAM

This is true and there's no doubt about it, any further confirmation on this is as going deep into the list of altcoins present and take a look back from five years to this time and have a comparison, this will actually tells us that in few years to come, some of the existing altcoins will come to halt without further explanation just as Luna had thought many people a lesson, but the interesting thing is that there are more to follow suite the path of Luna and will soon be unfolded to us, beginners should stop craving for alts as their major investment, instead it could be their second or minor investment that they fully understand what's at stake.