VYB_POBSTREET 10-1-2022 #39: With the rate at which new crypto project are coming out, won't it affect crypto world and investors?

in #vyb3 years ago

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TODAY'S DISCUSSION


With the rate at which new crypto project are coming out, won't it affect crypto world and investors?

  • Playtoearn games are now too much and due to that it caused project with too low market capacity. Not only play to earn alone. Defi are too much and many similar crypto with the same use case and result in crypto with too low market capacity and gives room to scammers and unserious project and this is just the beginning of crypto because we are early in the next 50 years won't it affect cryptospace if they're too many projects?

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Crypto is ruling the world gradually and countries are beginning to accept it with open hands as we can witness it in El Salvador and Russia where it is now acceptable in the country and i believe others will follow as well because of the positive impact it is playing to change the world in another level.

Yes that is good,I had about El-Salvador too where it has been adopted too,that shows how well the crytpto world is going to be of help to the society at large

It is improving daily and helping matters to solve situations, creating opportunites for many as well to eradicate financial issue which is awesome.

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

Yeah this is true an even though there is few project this will also happen.
don't worry they will be a block chain and crypto projects where fraud will be completely eradicated.
They are some project that I used to detect fraud cryptocurrency now

New good project are the backbone of Bitcoin and top projects.

Imagine the whole world using ethereum then the gas fee would be over $100 dollars but there is matic that works like ethereum.

It not something to doubt. Once crypto space are being too occupied there will always be some unfavorable conditions inwithin crypto. The fact that too much project are being brought up will definitely give access to scam and that alone could weigh down the name of crypto. But based on my believe am better still sure that new crypto projects will be behind those projects run till date.

More projects are still yet to come with the specific use case that the world needs.
Man's need are unlimited and they always a project to solve and not one but many

Now imagine if the whole world is not built on blockchain and everything in this world is on blockchain then even churches would have their own blockchain and project

Cryptocurrency won't be the main use in future but it will be the currency used,(new money) but blockchain technology is what's most important

If the world is on blockchain then money is something that it can't be without use so no difference between cryptocurrency and blockchain

This is true they are only few which are nft,gaming, metaverse,cex,Dex etc.
There are many other use cases that are available and not yet in crypto space

Even when this internet is on blockchain,there would be use of many crypto because there are many field in this world

There are many projects that have died many old project and that's because they are not strong enough and has a low usecase

Some crpyto died not because that aren't quality but because they don't have enough Community and this is why I always wanted pob and vyb to build a strong Community as much as possible

I do wonder the cause of good project falling and project not up to them prosper and flourish and not because those project are unserious but they just vanish

Avalanche is a good example.
It is a new project but has surpassed many old project of same kind due to its quality

This is not 100% true that new crytpo will be behind present crpyto but the most used and most quality would stand

There are many quality crypto out there that are aren't recognised but those that are not up to them are recognised

There is just probability that old project will be used than new.
New project are accompanied by new crypto users that has missed old cost project and will want to find thier way into crypto with new project

I wanted to invest in Bitcoin and ethereum as a start into crypto but too cost and project like hive and avaxtar gave me opportunity into crypto this is the advantage of new project

To me I think , investor will only have so much Option to invest in

Definitely and that is why I don't see it having any negative effect at all,the simplest means is to exchange one token for the others and have more in your cabinet.

The positive side of it is much to me and I think it is a perfect means of getting everyone rich on time

You didn't see this because cryptocurrency is still early but just imagine the number of shitcoins and rugpulled coin there are right now all in the name of using what its trending in crypto space.

For example if playtoearn is trending or nft,they will use it as a means to create their own and start manipulating the price from the developer

And this is where the investor makes their profit, because the market takes from impatient investor and give patient investor

Yeah investors will have so much option to invest in but just having a little gain because if there is few crypto projects it will have more value than too much project and this cause project with too low market cap.
Look at project under hive self dead project with some people investment gone.

There are many countries and organisation in this world and they are rich on their own without affecting each other.
No project with disturb another if they are all quality

Like you said this world is big enough to contain all and even they are too small as at present because it will reach a point where everyone would have its own blockchain

The presence of too many projects is something that it's not preventable because it's Decentralized.
But all these rugpullers would be revealed as everything will be upgraded

Many project has given room for unserious project that follow the trend to steal from investors

That doesn't stop crypto from investing in such countries as well because successful people or countries still acquire more ti be greater than what they have before

Yeah Solana isn't affecting BNB.
All will be invested In if they really meets the needs of something

Is saying says the sky is enough for many birds to fly
No crypto project will affect the other but the most quality will surely rule

With the rate at which new crypto project are coming out, won't it affect crypto world and investors?

Why Don't first look at our plan as an investors first,cause to me I sincerely think no investor's should be thinking of any negative effect as regard all the new crypto project,but rather have a plan of having and add up to that they have gotten before.

Why to will have several medium of exchange,so I want to believe that irrespective of what is going to happen, having a means of exchanging in order to gain more should be a priority now

Nobody ever wish to be on the losing side or think negative while investing in it, the mission is to think positive to achieve more and be successful in it and also to promote crypto to the world

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Which one is better?
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12000 crypto are there and over 12000 different project.
This is too small compared to the number of companies in the world that worth billions of dollars.
They won't disturb eachother

We are witnessing new Trends and evolutions in Crypto World almost everyday. There are already more than 10 Thousand cryptocurrencies and Various NFT, DeFi or P2E Projects. The current opportunities and diversity in crypto market is immense and soon this will influx with huge no of choices and dilemma for investors to choose. But I think with more Knowledge and better awareness among general masses, this situation can be dealt with any other market scenario. Also when people have enough choices only the best projects will survive and the most promising ones too.
!PIZZA

The best and the most creative will survive but the problem here is that as much as there is more crypto project then the best will not be easily recognised and many people will lose a lot trying to find the best and the real one

I joined many Community and what they do mention is that don't fall in love with a project,your goal is to gain.
This mentality made us loose crypto power to the powerful ones now

Which is an advantage to small investor and I think it is a disadvantage to big investors

This so the difference between we and the powerful ones.
They are buying it for it's future and not for it's gain but got it usecase

They are investing but they don't invest alone but to hold a percentage due to its limited supply for power

I don't the system at which all project follow Bitcoin. Well that's because crypto hasn't reach so many people yet just 4% of the world population

Many choices and the more there are more good project,the more uniqueness with because they advance thiers and try to solves former project mistakes

New projects will continue to come up because the advantages for it to progress is high and massive in crypto and there is no regret for such development to take place as we can witness in the blockchain

With the rate at which new crypto project are coming out, won't it affect crypto world and investors?

Crypto is developing at the speed of light space, with a lot of new projects springing out every day.

won't it affect crypto world and investors.?

Yes, it will, it already does and that is why we are seeing a lot of fail project everyday. It is becoming very competitive and the survival of the fastest.

The investors will have to be very more diligent in doing there own research. And as well have it at the back of their minds that anything can happen.

With the rate at which new project are coming out, it would affect investors because they will be too many choices to make and increase probability of investing in fake coin

But the advantage of many coin is that it also give chance for new investors that don't have enough money to invest in Bitcoin