Re: Is it worth the damage to Crypto

True! The presence of worthless altcoins are actually damaging the reputation and Crypto and also dividing the investment which should have been flown to the good altcoins. Altcoins are required but not at the present scale. Nowadays we have more than 700 altcoins and 99% of them are worthless.

The crypto currency market is becoming like ponzi scheme where people are flooding the market with ICO offer and running away with the money leaving the coin unattended. This is indeed bad. We all have to discourage this attitude of introducing new cryptos without any long term plan.

There are many cryptos with a good roadmap and a very nice long term plan. But in the end they just ended up dormant due to the lack of support from the cryptocurrency society. Some ended up due because they have no capital that big or stockholders to keep their coins running. The only coins who survived are those coins with good road maps and has a huge back-up capital for marketing, promotion to make people embrace their coin.

no they ended up dormant because they were a pie in the sky dream with incapable developers

No i dont accept your theory their i have seen some projects who have went wrong in ICO and due to financial problem they stopped the project but if any good support comes to them then surely we can see a good projects.

For a few projects. But most of the project that succeeded has huge capital. But capital is just one factor. Its a combination of dev and capital and support by crypto society. But if any of this is missing is thenI think it will just died a natural death. That's why it is very important to have the 3 before launching any new coin in the market because it will useless.