Are more altcoins killing altcoins?

[robelneo]

The altcoin ecosystem is driven by greed and profit so even if altcoins are killing other altcoins it's because of the investors' drive for profit, they are quick to dump old projects for new projects it will continue this way proof of these are the memes and this new up and coming model the tapping airdrops we will see more concept and models in the years to come as long as investors support new concept that will likely yield them profit.

[TomPluz]

Is this growth beneficial for altcoins or will it make investors abandon from investing?

There is no easy answer to that question. One, the more the merrier and the more choices of projects to support I think it can be better for the industry so that one or two will eventually make it to the top and be solid when they gain some good level of traction in the market. Two, the alts market is open to anyone, anytime and anywhere...and somehow regulating the entrance of new players will not be good for all though competition wise there is a certain level when too much can already be counter-productive especially when majority of these new projects are just "me-too" types and are not actually offering anything innovative. That is why many of them will eventually die after some months of supposed operation, after the people behind them got the money they wished for. So many of these projects are here for the money and nothing more...and this is a big problem. In my view, there is a big lack of accountability here and this is an area that must be subject with regulation. Yes, you can open your platform anytime but you must know your responsibility and accountability otherwise there will be repercussions. when investors are losing their money because of flimsy projects, eventually the money and support will dry up as nobody is fooled a lot of times and not give up. As for me, I already abandoned supporting new projects a long time ago. Sad but I got already burned and I don't want to be a fool again and again.

[Findingnemo]

In a certain way a number of altcoin projects increase kills the altcoin market in the long term, people only see a new project as one-time dump scheme so they rush to invest as soon as possible and once it reaches the exchange they just dump everything and move on to the next project which kills the projects over time even though it didn't stop the new project from popping up. More and more people started doing this means there is no room for innovation or development just purely the profit is in their mind which is bad in my opinion.

A project should be successful based on it's utility but what we see on these days are just based on how much hype they gain via all kinds of marketing.

[JISAN]

In terms of total money invested or market cap, i would say more altcoin is still good. But one of the problem is more altcoin doesn't always mean more innovation or different capability. So investor usually either after more established altcoin or speculating which altcoin could let them earn short-term profit before abandoning it.

Altcoins are constantly coming to the market.  Due to which investors do not hold altcoins like Bitcoin for a long time.  Altcoins are a good place to invest short-term.  But there are some top altcoins that can be invested in for long term like ETH, SOL, BNB and more.  The altcoin retains a large enough marketcap that nothing is likely to come along that will kill it

[Gurujebs]

There is this thing altcoins always present and don't fulfill, that's promises and what they tend to do, they will do this and that but after listing, everything change, the investors of yhe public sales sell all their bags and move to the next projects and that's how they do continuesly with many abandoned projects without directions.

I think the launch of altcoins have even reduce or maybe they are just waiting for the bullrun to activate so they can start a new trend where many new projects will be launch and then abandoned again and the process continues circulating money from one projects to another all just for profits.

[albon]

New altcoins play a huge role in positively impacting the crypto market, but investors are always desperate for profits. So they will rush to invest where there is a chance of profit. Moreover now investors are only prioritizing the hype period because they have learned that new projects that come up may not rise to new heights after the hype is over. So they are not investing for long time and sell when there is in hype. So investors are now not thinking about long time holding which reflects the market destruction of many good old altcoins.

[Cryptsafe]

I believe in the business space there is always a strong competition amongst themselves and only the fitest takes it all and so it is in the Crypto  space. The more altcoins comes up the more the contention for survival because investors only looks for good projects that would yield profit for them so any project coming up would definitely look in the direction to best contend with their rivals in the same line to take over or they do something different and unique from the rest of the others for investors to see the reasons why they should pull out their funds from other projects and invest in their own project.

So therefore, the title "are altcoins killing altcoins" is very much valid and as a matter of fact, altcoin kills unserious altcoin  from the market if they can not meet up with current trends and innovation. I have seen many altcoin fade away because they could not meet up and some other altcoin takes over from them and begin to do well in the same line.

[Stompix]

New altcoins play a huge role in positively impacting the crypto market, but investors are always desperate for profits. So they will rush to invest where there is a chance of profit.

I fail to see the huge positive role of altcoins in this scheme...

So you have a newly launched coin, early investors throw 1 million at it, the second generation of investors, those that some other posters claim have been positively attracted to altcoins put another 1 million, and the early investors sell their coins at a profit, the newbies are waiting for the price to recover ...maybe forever..
What is the positivity in this and how does this kind of awareness help crypto anyhow?

Crypto is not a money-making machine, if you make 100k from selling your stash at a profit it simply means somebody had paid 100k for it, you need someone to put his money in for you to take money out and not crash the market, 99.9% altcoins are just constantly fleecing newbies, that's all.

[SamReomo]

Yes, I believe uncontrolled creation of altcoins are somehow causing troubles for the investors because they can't decide that which altcoin is going to be a good one and which one is going to be a scam and rug pull.

The old projects won't get impacted a lot by those new altcoins but surely the new altcoins can somehow take liquidity of investors and for that some investors who invested in good altcoins might take their money and invest it in those new altcoins.

[albon]

New altcoins play a huge role in positively impacting the crypto market, but investors are always desperate for profits. So they will rush to invest where there is a chance of profit.

I fail to see the huge positive role of altcoins in this scheme...

So you have a newly launched coin, early investors throw 1 million at it, the second generation of investors, those that some other posters claim have been positively attracted to altcoins put another 1 million, and the early investors sell their coins at a profit, the newbies are waiting for the price to recover ...maybe forever..
What is the positivity in this and how does this kind of awareness help crypto anyhow?

Crypto is not a money-making machine, if you make 100k from selling your stash at a profit it simply means somebody had paid 100k for it, you need someone to put his money in for you to take money out and not crash the market, 99.9% altcoins are just constantly fleecing newbies, that's all.

What happens with most new altcoins is that they enter the exchange and generate huge volume, all of which throws a spotlight so that investors believe the price and rush to buy the token. The positivity ends when the hype of these new projects wears off too soon. Especially the new investors get caught up in the hype due to which they can't make profit even after waiting for a long time. We have repeatedly failed in this matter so we want to think more than before in terms of investment. We want to stay away from the hype of new altcoins because it can give you big losse.

[Crwth]

I think a lot of money is being divided between these different altcoins and a lot of them are probably going to be a risk with each other. I think it's important to see whether or not the active coin is listed in good exchanges or not.

I am looking for the x-factor as well for the coins that do run-up. I do hope to see and analyze it correctly.

[philipma1957]

 Toss enough darts at the dart board and you will get a bullseye.

I had 500,000 mined doge my cost about 1,000 usd.

I sold at about 17 cents on average collected about 85,000 usd.


yeah could have held longer and got more but I got 85 to one.


this is the dream of alts.

I have a few alts.

shitcoins 16,000 of them
grin.        16,000 of them
doge.        10,000 of them
xec.          1,000,000 of them

all of the above is under 2,000 usd. but any one of them could moon and create big wealth.


do we need 14,000 different ones to pick no  2 or 3 thousand is more than enough

[jeraldskie11]

People think that when there's more altcoins being launched the expected investment to that coin will be reduced. But in reality, it will only increase cash flow, and really benefit the overall altcoins in crypto space. Let us say, there's only one altcoins to be invested, so the question came out on the investors mind is, " I will buy this or not?", but if there's many altcoins, the question that came out is, "Should I buy this one or the other one?". So increasing the number of altcoins being launched is never a problem.

[pieppiep]

I think a lot of money is being divided between these different altcoins and a lot of them are probably going to be a risk with each other. I think it's important to see whether or not the active coin is listed in good exchanges or not.

I am looking for the x-factor as well for the coins that do run-up. I do hope to see and analyze it correctly.

If we talk about altcoins, we must first understand the risks involved. There are not many altcoins that can provide them with easy returns. Altcoin price movements are often manipulated by developers so that they appear to have a lot of interest because of good price movements. Until the time comes when many new traders have entered this token, this altcoin will be knocked down by the developer. One of the wallets that has the most altcoins will sell them on the market. This kind of thing has happened a lot. So we have to remain careful when trading using altcoins.

[UNIVERSE]

In terms of total money invested or market cap, i would say more altcoin is still good. But one of the problem is more altcoin doesn't always mean more innovation or different capability. So investor usually either after more established altcoin or speculating which altcoin could let them earn short-term profit before abandoning it.

I totally agree with you. Actually having more altcoins is good if they are valuable altcoins, unique, and useful. Unfortunately, there are a lot of new coins that have unclear purposes and no significant difference among of them. With this fact, it won't be surprised if many of them can be dead coins someday.

Most investors should prefer established altcoins such as ETH, BNB, SOL, DOT, TON, etc. They will hold the established altcoins for a long term target. Meanwhile for non established altcoins, it is true that they will target for profits for a short term. When they take profits, they will never invest in the non established altcoins anymore. At the end of the day, many of non established altcoins be dead coins.