Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: marksayson on July 31, 2018, 05:00:02 AM
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Maybe it's just my perception, but in these times when new coins appear every day, it seems to me that most of them lack value.
I have seen that many currencies are created based on an idea, that they intend to be used for something, even though at present they are useless, they are based on the hope of being used. I hallucinate seeing how some collect millions in the ICOs only promising that they will be adopted en masse, only selling an idea that has not yet been started or developed.
I wonder what chance of success has a currency that is defined as "the new currency that will replace Bitcoin" or any other great concept if only based on a theoretical idea.
Do you have to create the currency first and then wait for a community to be created that uses it?
Would not it be better to have a community first than willing to give the currency a real use before creating it?
I believe that for the creation of a new currency to make sense, it has to respond to a real need for the exchange of goods and services, if we only buy a coin with the hope of selling it more expensive, if there is not a community that supports it, We will be betting on a pyramid system, and we all know how those systems end.
That is just my opinion. I do not know what others will think.
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There are too many worthless altcoins today. That's because the coins don't have good performance. Parts have been registered in the exchange and then discarded because they do not have a large volume of requests.
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The crypto currency market is actually taking its first steps. Over 90 percent of all crypto-currencies are tokens that are issued during the ICO. For the process of rapid improvement of the crypto currency, and in view of the decentralized nature of the crypto currency, everyone who is willing to participate in its issuance is allowed in fact without any restrictions. While another way to release tokens is not invented. I do not think that this is a bad way, although it can not be called perfect.
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This is a crypto business friend. Everyone wants to create crypto but they don't see whether the market conditions are good for making tokens or coins. This competition makes many coins or tokens that cannot survive. The token value will be stable if the interest of the coin or token does not decrease.
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I also see that there are far too many coins, more so that there is many that are just clones and don't really have any proper applications.
We see so many also with huge pre mines that can only put the devs in the right place when they do take off even if it is still under a dollar.
They are all trying to emulate what bitcoin has achieved but bitcoin has taken time to get the position it has now and market dominance.
Community is as important as the currency is it is hard to build a community without a product but it is easier to grow a community with a product as confidence grows so does the community.
Speculative trading is always going to happen as with any new crypto currency most peoples goal is for it to make them rich. As the community grows and more do start to accept it for goods it will become more of a currency rather than a coin that is just traded.
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Nowadays, Cryptocurrency market conditions are sluggish, perhaps this is what causes new coins to have no value. because what makes cryptocurrency coins have a high value is crypto traders. when the coin is created, and sold at the market, and crypto traders want to buy it at a high price, the coin has value. but on the contrary when new coins enter the market, and no one buys it, the coin becomes worthless.
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In my opinion those project creator wants to try their luck on making something that can actually grow later on. Of course this is a risk attempt whether success will achieve or not. As long their concept is quite believable there will be no problem. Also, if they follow what on their roadmap. This is an important part to gain community trust, without it people cannot decide if they should bet on this project. That's my opinion.
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That's it normal as not every altcoins have good future. There are really a lot coins in the market where some falls into undesirables ending where they become shitcoin that no hope to recover again.
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yes, there are too many token/coin without value its because making coin or token is so easy, people start to making their own coin, and wish to get lucky and become rich in an easy way
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That's true, I see many altcoins without value currently. If you as an investors, you should be more selective to determine what altcoins you will invest. Worthless altcoins may not survive in crypto market right now.
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There is a lot of cost to create Token and everyone is in pursuit of being rich by making ICO. That's why they're filled with shitcoins that have thousands of volumes in the exchange.
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I am aware about this problem. Many worthless altcoins indicate many ICO projects creating bad products and employ bad developers. I think this problem must be fixed soon. It may bring negative impact for crypto market.
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It could be possible thing to happen cause of having a lot of unrealistic projects flooded in here.Not to mention also a huge numbers of undeveloped projects due to of its usefulness in the community and let it die.Really bad to see how it affects the entire crypto community and it may cause of losing trust from investors.
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The number of worthless coins in the space today is a reflection of how profitable the crypto world has been especially in the year 2017. Many of these projects had no business being in the crypto space in the first place and as such they just came to milk money from investors without any genuine intention ab inito. It was a get rich quick scheme for most of them and they ended up leaving coins of worth and leaving the thrash coins in the market
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what's wrong with the coin is not the community. no need to gather the community first to make coins. there are lots of coins whose rating above 1000 has a high selling value. example of ARB, arbitrage.
coins are worth if they have advantages. so don't assume that all coins don't have value although above 1000 rank in CMC
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Some of thus altcoins before is a good projects at first but in the long run due to lack of development and support from the crowd then its decreasing its value or totally gone, or maybe the team has a plan to leave the project because they already have the funds. I think blockchain developer has to do something to clean up thus zero value altcoins.
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sure, there are too many token/coin with out price its due to the fact making coin or token is so clean, humans start to making their very own coin, and wish to get fortunate and come to be wealthy in an clean way.
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Of a truth there are some altcoin out there without value, initially this coin were good but as time goes on it on depreciating it value, the reason maybe people don't really go it again.
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I think the blockchain developer must do something to clear zero zero so that the value is zero. Some of the previous altcoins were good projects at first, but in the long run due to lack of development and support from investors. hence the decline in value or disappear altogether, or maybe the team has a plan to leave the project because they already have funds.
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Market cap is so small for more than 2500 coins-tokens traded at exchanges. In addition, everyday new projects start but the market cap remains the same due to the bear market. Furthermore, we all know that most of these projects will turn into scam or failed projects. So no one buys them. Last but not least everyone advises new investors to invest in the top 20 or top 50 projects, so unknown projects' volume and value stay low.
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It's really bad to see how it affects the entire crypto community and can cause a loss of trust from investors. It could be that what might happen causes many unrealistic projects to be inundated here. Not to mention a large number of projects that have not been developed because of their use in the community and let them die.
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Indeed, many Altcoin currently circulating in the world do not have a certain value, Cryptocurrency (BTC, ETH, LTC, DOGE, XMR, BCH and others) was created to be used as money. So, like we do with USD, EURO, PESO and Rupee, you generate, spend and save (HODL) this currency. Altcoins are mainly tokens that are built on one of the cryptocurrency blockchain mentioned above can be like shares. People who have values ??have good ideas, and a very good team supports them. What you buy is not an electronic dollar; this is a company that you think will work well. Regardless of the type of crypto you are interested in, if we are going to buy a coin the newly launched one should first research it to avoid valuable coins or junk coins. So that the funds we invest become safe, and hope to get a profit from the results of the coin investment.
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There are always two possible result of the token it could be valuable or it could be shit. The possible result is not surprising because it is not the team who will decide to invest their tokens but it is crypto community. Altcoins without value is part of cryptosystem. Don't be surprise but expect that it is normal.
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The market is full of shit coin and scam token, many what to have coin too but have nothing to really back it up as a great project , only for pump and dump sake which has made many thing that the crypto is ponzi scheme .
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Yeah, that's what's actually happening now. Most project doesn't have their specific aim, they are either a clone of the other or a part of the others project in which people don't have interest in which bring about loss of value
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Perhaps because of the influence of the bitcoin price that is down so it's all affected by the same impact. A lot of new altcoin is cheap and not even worth it because it has not been listed in the market. Hope after Bitcoin starts up will make all Altcoin can also go up.