so what if there is no scam.
it proves the average trader doesnt trust shitcoins anymore.
they dont want to get caught holding the bag when bittrex pulls that disabled wallet shit they r famous for.
who the fuck can sleep with a basket of shitcoins? you wake up and you r wiped out.
the fact people dumped like this proves this was a pump and dump and even the traders thought it was shit.
I don't get the point... The average trader ISN'T SUPPOSED to trust "shitcoins".
It is the traders job to do due diligence and spend his money wisely. Traders are a fickle bunch, they are always hating on something on one day and throwing all they have at it the next... With a little time, the product will prove itself one way or the other. That is no different here than in any market, anywhere else in the world... regulation could prevent some loss through vesting who can launch a new product, but even then people will choose to spend their money on hype and still lose just like it happens on any other regulated exchange on the planet. I think most of us are here specifically because there is no regulation. Profits (and losses) are fast and furious but that's the point. That's what we enjoy because of no regulation. The freedom to win or lose in lightning speed based on our own decisions. But the rules are always the same in both houses... Do your homework. Know your product, and if you have unanswered questions or a nagging feeling, don't put your money there. And never invest more than you can afford to lose.
I agree that the "shitcoin-o-meter" is running a bit high at the moment, but I know that the market will end up cleaning itself up over time. Mother necessity (the mother of invention and innovation) will provide... Word of mouth behind successful launch veterans or teams, launch consulting or vesting services with seals of approval, BBB of altcoins... In time it will work itself out. In the mean time as always, it is the investors job to be careful!
heres this due diligence bullshit again.
we cant do due diligence on brand new coins with no track record. all we can do is either buy or not buy. i recommend no buys of this new shit. the scammers are working overtime ripping off the community.
how the fuck do you research whether some asshole is going to quit working on a coin and never come back?
you cant use technical indicators to trade this junk. no one can research their way out of a scam.
even though theres no government regulation the entire market is manipulated.
i have been told by multiple sources in the last day that bittrex lists these shitcoin due to a backroom bribe of $1500 in BTC.
thats why they add shitcoins so fast. its their business model.
wise up people. bittrex is not our friends and neither are these cocksucker devs.
'day trading' is coming to an end due to all the fuckery.