Topic: Altcoin purge (Read 105 times)
indeed a lot of coin junk coins are currently present in the market, more and more investors are withdrawing from investing in the world of crypto so that a good project can not reach hardcap because of lack of investor confidence, let's be more observant choose a good project so that investor confidence back increased
Between October and early January, with a lot of new money and new people getting involved in crypto, you could pick any shitcoin you liked and were almost guaranteed to make a profit (examples: Titcoin, ColossusCoin, Marijuanacoin, even top 100 shitcoins like Dentacoin, Verge, Tron). With the market crash, these coins dumped the hardest and the fastest, which will hopefully serve as a warning to not throw your money away on useless projects. Better to stick to solid fundamentals: BTC, ETH, NEO, etc.
There will always be naive newbies who will spend their money on trash (example: Bitconnect is still being traded), so it is unlikely a lot of these coins will ever die off entirely, but hopefully this prolonged dip will cause these projects to be rightfully shunned and ignored by the majority of the community.
There will always be naive newbies who will spend their money on trash (example: Bitconnect is still being traded), so it is unlikely a lot of these coins will ever die off entirely, but hopefully this prolonged dip will cause these projects to be rightfully shunned and ignored by the majority of the community.
With the ridiculous amount of different coins and the current price drop I was wondering what it would take for a good amount of shitcoins, scams, copycats, etc to die off. 
Jump to: