Are Most Altcoins Just Worthless?

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Posts: 7 · Reputation: 223
#1Jul 1, 2022, 12:27 PM
Looks like the market finally woke up. Most of these coins are pretty much useless, and some promoters clearly just want the cash without any real development.
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SwiftCoinMember
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#2Jul 1, 2022, 01:15 PM
Exactly. This decline we're seeing is because people stopped buying into the hype blindly. They're actually looking into the projects now.
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cyberforkNewbie
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#3Jul 1, 2022, 04:47 PM
Lmao, true. Bitcoinfuji is a classic example.
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#4Jul 1, 2022, 04:59 PM
For real, I doubt many of these coins will ever reach their previous highs again.
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mr_ninjaSenior Member
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#5Jul 1, 2022, 09:37 PM
Too many scams out there. Investors are now super picky about what they want to invest in.
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nocoinerHero Member
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#6Jul 1, 2022, 11:44 PM
Yeah, with all the scams, it's getting harder to know where to put your money. This year might just be a rough one for crypto.
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chad_forkMember
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#7Jul 2, 2022, 01:36 AM
Most altcoins are worthless because the teams just ghost them after launch. It's like they don't care anymore.
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byte_2020Member
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#8Jul 2, 2022, 07:22 AM
So true. People really need to check out the team behind a coin before jumping in.
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#9Jul 2, 2022, 07:40 AM
A lot of these projects fail because nobody buys in during their ICOs. How can they develop without funds? Just scams trying to rip people off.
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falcon777Newbie
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#10Jul 2, 2022, 01:20 PM
Not totally sold on that. There are still decent coins out there that investors just overlook.
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RogueRocketSenior Member
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#11Jul 2, 2022, 05:21 PM
Scam projects really drag down the whole market. When prices drop, fewer people wanna invest, and it just spirals down.
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0xGasMember
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#12Jul 2, 2022, 08:32 PM
Maybe exchanges should just delist these worthless coins and focus on quality projects. A buyback could help too.
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m1ke100Newbie
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#13Jul 3, 2022, 01:45 AM
Exactly. Research is key. Check the history of the developers; experienced ones usually know what the market needs.
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max2021Member
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#14Jul 3, 2022, 05:45 AM
Yup, most coins lack any real value. They just hype up promises without delivering any product.
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loneravenMember
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#15Jul 3, 2022, 06:23 AM
For sure, only a small percentage will actually survive long-term. Just like the dot com bubble, only a few made it through.
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stack_cipherSenior Member
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#16Jul 3, 2022, 06:49 AM
A lot of new altcoins are worthless due to lack of vision or ongoing development. They just ride the hype wave.
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wolf2020Full Member
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#17Jul 3, 2022, 08:03 AM
True, and sometimes it's just a huge supply that keeps the price down.
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ben2017Member
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#18Jul 3, 2022, 12:18 PM
That's the thing. Why have multiple coins doing the same thing? Time will show which ones are actually worth it.
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nickninjaMember
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#19Jul 3, 2022, 03:39 PM
People are smarter now than before. They’re picking the best projects, even if they occasionally make mistakes.
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just_byteMember
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#20Jul 3, 2022, 09:50 PM
Yeah, but there are still some gems out there worth the investment.
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