Post
Topic
Board Altcoin Discussion
Re: 99% of all projects is worthless and not worth a cent. What do you think?
by
xenomorphe1
on 15/08/2019, 13:49:14 UTC
A lot of projects are now worthless in term of value for their coins, because people now only care about bitcoin. Look at the dominance of bitcoin. Is it normal for you to have 70 percent market dominance for one coin which does not do anything new compare to some new altcoins? Most people are only here for greed and not about the development of the technology. Some projects are doing excellent work, but their tokens are worthless. Look for exemple at the Ambrosus team. They have an excellent team. But nobody care about their token now. I would say, it is not worth for new companies to enter the crypto market. Except if they make a scam exit as their tokens are going to be dumped hard after the first pump of the coin. Because people now are only buying bitcoin and not because the team want to develop an excellent product or not. Only coins which are created by an exchange are doing good. Because they give some advantages to thoses traders as lower fees or permit to participate in new IEO which get dumped hard after too. If this continue, cryptocurrencies are going to die as there is too few real investors to develop the new technology. Continue like this and buy only bitcoin and we are going to see the fall of all cryptocurrencies and not just altcoins.