Dead Coins: Over 50% of Cryptocurrencies Have Failed

[cryptoknightt]

I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.

[bolshojkush]

The most interesting thing is that at this point in time, I come to the conclusion that Bitcoin and Ethereum are the main whales in which it is best for a beginner to invest. Four years ago, I invested in several ICOs that are just scam, which makes me very sad. If I kept my money in Ethereum and didn't buy anything, I would be happy. In general, the industry has become very similar to pyramids or SCAM projects, it is faster to raise money to list on exchanges and then come what may.

[MFahad]

That’s the risk we all take when we invest in crypto. It’s no different to the old Wall St tactic of buying penny stocks. Most of them fail but if you hit a good one you will make a lot of money. I still advise you to mostly buy Bitcoin & ETH but allocating a small % to long shot cheap altcoins can be a good idea.

That is a good point bro. these shitcoins should not be considered for long term holding or serious investment. but only for short term and only when there is a chance you see that you know you would make a profit. i would not blindly put any money in shit tokens in hope of earning profit without knowing anything.  I mean we could loose even if we do proper due diligance. but still I would not invest anything anywhere without due diligance.
and that's what everyone should do, and even after doing that invest as much as you can afford to loose. no more than that.

[andyou1234]

It cannot be denied that in the crypto market there are a lot of coins that are useless or dead coins, this is because these coins do not have a very good contribution to the market so gradually these coins fail to compete with other coins, that's why we  You have to be careful in choosing coins to invest in, I think the coins that are in the top 10 CMC are the right choice to make long or short term investments.

[super bako]

I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.

The impact that brought coins to death was that most of the meme coin categories were during the hype period, thousands of meme coins created by scammers have become trash until now. for projects that have the concept of movement in their respective fields they can come back to life when the bull season comes soon. When bear season comes, most will lose innovations that haven't made a big impact. the founders waited for the bulls

[AnonBitCoiner]

I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.

Most of the project dies due to less demand of holders but some of them dies because they are created scam which will just collect money from users and will not provide any profit to its holders. From the year of origination of crypto there are large number of coins that did not give any profit to its costumers and died after passing through a single bear season.

Some projects are also successful because of their trend in market so when it ends such coin become disappear with little value. But still we have to take this risk because if we are not ready to take risk then our achievement will be doubtful but be careful and do a thorough research first.

[Romeotom]

This is normal because thousands of coins have entered the crypto market in the past few years so many old coins are now dead. Investors always buy the best tokens and they are more excited for profit so new projects come to the market offering something profitable so selling old tokens makes everyone more interested in buying new tokens.

[Bushdark]

I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.

It is good when we understand that all projects can not survive in the market. We need to go for the ones we feel like they would make us good profits in the market and staying too long after when we have gotten some reasonable prodits would never give us a good end if we have that kind of habits. There are some projects that are always ready to launch and after that, they would never stay too long in the market. All investment has there own risk to take.

[strunberg]

Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.

I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.

[electronicash]

Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.

I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.

short term investors are riding the pump in the bull market. some are buying the altcoins because the price is rising so it's easier to make money at that time as what they said. altcoins that are launched in the bull market are likely going to die in the bear market while the coins launched in the bear market can possibly make it to the next bull run.

50% turned out to be scams so why is the SEC not chasing those teams by the way? if what they want is to protect investors.

[wxa7115]

I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.

The high profits they could get are not the only reason many people are attracted to those altcoins, other powerful reasons why they choose those coins is the potential to make that money really fast and to do this with almost not effort on their part.

After all even if they know that investing in bitcoin can give them great profits as well, now in order to get the profits they are looking for they will need to hold their bitcoin for years, if not a whole decade, and very few people are willing to wait that long to get the results they want, and as such they prefer to invest in altcoins and hope for the best, instead of taking the safest route offered by bitcoin.

[Dr.Osh]

There are so many projects that cannot survive in this market. There are many things that determine whether a project can survive or not, and I think there are also many projects that are not able to survive these things. Among the tens of thousands of coins there are certainly many projects that were once very good. However, because there was no innovation and development, they eventually ended up going bankrupt. some of them may fall due to greed, corruption, fraud, and others.
However, there are many aspects that need to be considered to run a project. Apart from that, the coins that have survived so far also need to adapt, innovate, and continue to strive to develop the projects they are working on. Perhaps, currently there are still many projects that are on the verge of bankruptcy.

[peter0425]

Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.

I agree with what you said. If you are a beginner and don't have time don't try to buy altcoins or even join the initial offers. I see what makes people tempted to invest in altcoins is because of the hope of getting big returns. This is a mistake that many novice investors make and I hope they read this before they start investing.

And that will be the greedy side of those people , in which the main target of those scammers , to make noob people believe that they are promising and they are giving them opportunity to make huge return that in the end? they are crying for help  being scammed.

never engage in any profiteering that you don't have full understanding because those scammers and cheaters are just waiting for you to take their bait.

[MetaTeraX1]

~~~snip~~~

very sad, yes that's how it is if there is too much hype, people will make scam coins, surely the majority of dead coins here are meme coins

[Tomcolor]

Another reason for this is that investor confidence has decreased as the number of scam schemes has increased over the past few years and investors have lost a lot of money. You may have seen a lot of project success during ico and after that when ieo entered the market the ico trend ended. The exchange listing from ieo was absolutely certain due to which the ico failed. However, it is expected that this year the situation in the crypto market will improve and the best projects will be available.

[Bushdark]

I think that's too few, at least there must be more than 80% of coins that will die, because only a few will survive.
and most new projects will just make the same mistakes, as the ones already done.
create a new project promoting, then the fomo ends and the project dies.

Oh, you are very correct maybe 90% or so. There are so many project in the Crypto world that are there just to entain the dev and take money from investors. Once understand this, we are going to be very smart about every of our decisions to invest in n cryptocurrency.
We want to make money but we are not ready to do research and learn how and why many projects fails. Once we understand the way many of these projects are launched and the reason for that, we are going to be  smart.

[justdimin]

There are so many projects that cannot survive in this market. There are many things that determine whether a project can survive or not, and I think there are also many projects that are not able to survive these things. Among the tens of thousands of coins there are certainly many projects that were once very good. However, because there was no innovation and development, they eventually ended up going bankrupt. some of them may fall due to greed, corruption, fraud, and others.
However, there are many aspects that need to be considered to run a project. Apart from that, the coins that have survived so far also need to adapt, innovate, and continue to strive to develop the projects they are working on. Perhaps, currently there are still many projects that are on the verge of bankruptcy.

I also believe that there are SO MANY projects which are done in a way that they weren't designed to exist anyway, they were designed to just let it be and that is why they fail. They do not care about surviving, the point of the dev who created it was just to get funding and be rich, and after they do, rest do not matter to them at all.

I think that could be the most important part, and I realize that there are some who really try and still fail, but majority of the coins and tokens created were created just so the dev could make some money. At the end of the day, life is not all black and white, so we end up with bad people and some good people but also some people who are neither bad or good, just fails because in life sometimes you simply fail.

[Rengga Jati]

That’s the risk we all take when we invest in crypto. It’s no different to the old Wall St tactic of buying penny stocks. Most of them fail but if you hit a good one you will make a lot of money. I still advise you to mostly buy Bitcoin & ETH but allocating a small % to long shot cheap altcoins can be a good idea.

Indeed, because this is nothing new and there are indeed a lot of altcoins that end up being dead coins, many of them were even shot coins at the start, but with the help of hype conditions, they eventually skyrocketed to such an extent that they became a topic of conversation. But in the end, they will also fail because the fundamentals and various other factors are not very supportive and convincing for them to develop and continue to survive in the market. Because of that, you really need to be careful when taking investment steps in coins like that. And it is indeed much better to increase accumulation in Bitcoin and various other coins which make it possible to top coins with a high cap market.

[lepbagong]

Another reason for this is that investor confidence has decreased as the number of scam schemes has increased over the past few years and investors have lost a lot of money. You may have seen a lot of project success during ico and after that when ieo entered the market the ico trend ended. The exchange listing from ieo was absolutely certain due to which the ico failed. However, it is expected that this year the situation in the crypto market will improve and the best projects will be available.

The number of project organisations is extraordinary, and most of these projects are fraudulent. I agree; this is what ultimately makes many investors restrain themselves and select correctly so as not to be deceived. so that many new projects emerge, no investors want to join, so they stop midway.Surprisingly, there is no feeling of regret for every project that is launched; if one fails, one will create a new project again and hope that someone will be deceived and he can get the results from the fraud.I hope that the hopes you express will become everyone's hopes that crypto will improve and many good projects will emerge.

[crwth]

Thanks for giving this reference OP. It's a great thing to ponder about and it just shows how much a lot of people have rode the hype and probably made a plan to create something that hopefully would stick. It's just that all around the world, the ones that would stay are the ones who have a lot of backing and maybe the most unique way. I do hope that there will be a way to determine what cryptocurrency will stay.

It's important to note as well that a coin could have failed but it might not be a scam it is still important to be vigilant