skillex Posted February 14, 2019 #1 Posted February 14, 2019 Hellow to fellow traders there and experts also. Will the unlimited producing of altcoins may it be coin or erc20 everyday will affect the crypto market? For my opinion, a number of scam alts if being summed is a big impact to the crypto world already since they can affect the viewpoint of newbies in crypto. If many investors got discourage investing just because of them then there will be slow adoption in cryptocurrency and blockchain usage. In your own opinion?
williamshennie9 Posted February 16, 2019 #2 Posted February 16, 2019 There are literally thousands of new coins being created daily. So the likelihood of most, if not all of them failing it quite high. But, amongst the thousands, there may be one gem out there.
Philip74 Posted February 16, 2019 #3 Posted February 16, 2019 I agree with you, the extremely large number of altcoins, is very bad for the market. Many people invest in altcoins only for the short-term profit, which causes great volatility and any newbies to cryptos are quickly discouraged. I hope that the bad altcoins cease to exist as soon as possible, so that we can all focus on the good ones and maybe then the market will start rising again.
skillex Posted February 19, 2019 Author #4 Posted February 19, 2019 On 2/16/2019 at 7:08 PM, Philip74 said: I agree with you, the extremely large number of altcoins, is very bad for the market. Many people invest in altcoins only for the short-term profit, which causes great volatility and any newbies to cryptos are quickly discouraged. I hope that the bad altcoins cease to exist as soon as possible, so that we can all focus on the good ones and maybe then the market will start rising again. Seems like CMC is not obligated to segreggate this useless or scam tokens also since as long as they have volume in them then the CMC keep on listing them which is sad.
Kate Posted February 19, 2019 #5 Posted February 19, 2019 New coins keep on coming because they want to try to control the prices of other coins through this coin. A lot of the coins which are being created are pure scam while some are actually a true project.
skillex Posted February 19, 2019 Author #6 Posted February 19, 2019 23 minutes ago, Kate said: New coins keep on coming because they want to try to control the prices of other coins through this coin. A lot of the coins which are being created are pure scam while some are actually a true project. True. Some are just conducting ICO's on their token project, collecting peoples money by their investors and at the end they'll just run away.
wilbur Posted February 19, 2019 #7 Posted February 19, 2019 there are too many ICO projects that became an alt coin but the ultimate goal is to scam investors with their sweet projects that never came it is quite profitable if you think of it. Many are c-currency enthusiast and they are taking the advantage of it
skillex Posted February 19, 2019 Author #8 Posted February 19, 2019 3 minutes ago, wilbur said: there are too many ICO projects that became an alt coin but the ultimate goal is to scam investors with their sweet projects that never came it is quite profitable if you think of it. Many are c-currency enthusiast and they are taking the advantage of it You are right since they are just too cheap and really tempting thats why many who are deceived are enticed to buy it. After being listed to some exchanges some of them are still surviving for long which this whale investors ride on to and manipulate prices.
wilbur Posted February 19, 2019 #9 Posted February 19, 2019 2 minutes ago, skillex said: You are right since they are just too cheap and really tempting thats why many who are deceived are enticed to buy it. After being listed to some exchanges some of them are still surviving for long which this whale investors ride on to and manipulate prices. exactly, but you can profit from it also with a good timing and luck. But i stopped risking in that trading stuff. i am just racking up few good coins
skillex Posted February 19, 2019 Author #10 Posted February 19, 2019 1 minute ago, wilbur said: exactly, but you can profit from it also with a good timing and luck. But i stopped risking in that trading stuff. i am just racking up few good coins So you ride that wave too wil , just like me when Im still trading in mercatox. There are really a lot of whales there manipulating prices; too much fudds in chat and obvious scam tokens too listed just by voting.
wilbur Posted February 19, 2019 #11 Posted February 19, 2019 yes lol Linda coin. i had the most profit from it. i bought it for 20 sats and went to 65 sats last year. but now it dead, obviously a skem coin from the very beginning
skillex Posted February 20, 2019 Author #12 Posted February 20, 2019 19 hours ago, wilbur said: yes lol Linda coin. i had the most profit from it. i bought it for 20 sats and went to 65 sats last year. but now it dead, obviously a skem coin from the very beginning sad to hear that wil. Well lindacoin does have really legit founder and team behind it and reasonable listed exchanges too even I if I met this I might fall for it too.
wilbur Posted February 20, 2019 #13 Posted February 20, 2019 29 minutes ago, skillex said: sad to hear that wil. Will lindacoin does have really legit founder and team behind it and reasonable listed exchanges too even I if I met this I might fall for it too. The projects are promising but for me, the coin itself is so shady
skillex Posted February 20, 2019 Author #14 Posted February 20, 2019 2 minutes ago, wilbur said: The projects are promising but for me, the coin itself is so shady Thats why its dead today eventhough its been listed on many exchanges. We dont know maybe whales will continue manipulating it again soon.
wilbur Posted February 20, 2019 #15 Posted February 20, 2019 2 minutes ago, skillex said: Thats why its dead today eventhough its been listed on many exchanges. We dont know maybe whales will continue manipulating it again soon. I doubt. I just checked the price and it is 9 sats lol super low
skillex Posted February 20, 2019 Author #16 Posted February 20, 2019 3 minutes ago, wilbur said: I doubt. I just checked the price and it is 9 sats lol super low we dont know wil until its been delisted in CMC for having no volume anymore.
Kate Posted February 20, 2019 #17 Posted February 20, 2019 3 minutes ago, skillex said: we dont know wil until its been delisted in CMC for having no volume anymore. Another great example for this coin which is presumably is dead and the coin doesn't even have an estimated price it would be Strong Hands or SHND this coin is the weirdest coin that i have ever seen and i don't know why did they even release this.
skillex Posted February 20, 2019 Author #18 Posted February 20, 2019 1 hour ago, Kate said: Another great example for this coin which is presumably is dead and the coin doesn't even have an estimated price it would be Strong Hands or SHND this coin is the weirdest coin that i have ever seen and i don't know why did they even release this. I read about their website earlier since Im somehow curious and find out their objectives is so lame, no any point to conduct a project which is basically very useless.But yet they still manage to let their ANN thread be introduced by a legendary member in BTT and they have still update today in their twitter that they are listing new exchange again which they are negotiating 1.2 M dollars. Maybe they have some plan still to renew this project we dont know, but for me too they are garbage.
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