05-11-2021, 03:03 AM
Reminder that 99% of these projects will die out. (A look back at 2017 CMC)
<!-- SC_OFF --><div class="md"><p>Looking back at the December 2017 CMC: <a href="https://coinmarketcap.com/historical/20171203/">Historical Snapshot - 03 December 2017 | CoinMarketCap</a> </p> <p>70% of the top 100 are no longer in the top 100</p> <p>Over 60% are out of the top 300</p> <p>7 have fallen out of the top 1,000</p> <p>10 projects are no longer available</p> <p>2,000 created crypto projects failed so far (9,677 still listed on CMC)</p> <p>While the hype seems to be on the meme projects and longshots, remember that 99% of projects in existence will become useless and have no value down the road. If you want to roll the dice on a true gamble then by all means, but if you're over-investing in these projects I hope you realize how big of a risk you're taking, especially in the long run. </p> <p>These are truly exciting times, and anyone who is just now getting into crypto is still early (in comparison to the rest of the world). If you're planning on becoming a long term HODLer, then find projects that aim to solve real-world problems, and are leading the way in there respective space in the ecosystem.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/allstater2007"> /u/allstater2007 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n97kd2/reminder_that_99_of_these_projects_will_die_out_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n97kd2/reminder_that_99_of_these_projects_will_die_out_a/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Looking back at the December 2017 CMC: <a href="https://coinmarketcap.com/historical/20171203/">Historical Snapshot - 03 December 2017 | CoinMarketCap</a> </p> <p>70% of the top 100 are no longer in the top 100</p> <p>Over 60% are out of the top 300</p> <p>7 have fallen out of the top 1,000</p> <p>10 projects are no longer available</p> <p>2,000 created crypto projects failed so far (9,677 still listed on CMC)</p> <p>While the hype seems to be on the meme projects and longshots, remember that 99% of projects in existence will become useless and have no value down the road. If you want to roll the dice on a true gamble then by all means, but if you're over-investing in these projects I hope you realize how big of a risk you're taking, especially in the long run. </p> <p>These are truly exciting times, and anyone who is just now getting into crypto is still early (in comparison to the rest of the world). If you're planning on becoming a long term HODLer, then find projects that aim to solve real-world problems, and are leading the way in there respective space in the ecosystem.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/allstater2007"> /u/allstater2007 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n97kd2/reminder_that_99_of_these_projects_will_die_out_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n97kd2/reminder_that_99_of_these_projects_will_die_out_a/">[comments]</a></span>Kind Regards R