Topic: Coins real or fake? (Read 309 times)
One of the biggest misconceptions about Bitcoin is that it is anonymous when in actuality it is merely pseudo-anonymous. Every transaction is recorded in the blockchain by design to prevent double spending. Big government has been analyzing the blockchain since it's inception and can very easily follow the money in BTC transactions. Don't be fooled into believing BTC is private, it's not, it's completely public.
Some coins are fake. i have sad experience with fake coins. You have to ber very careful with certain coins.
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?
Bitcoin was the pioneer in crypto currencies.After that,altcoins like ethereum,monero,zcash were created which had atleast some unique features which were missing in bitcoin like anonymity,tc.But later,many people tarted to create altcoins just to make some quick profits and they were termed as shitcoins.They were hundreds in numbers today.They do not deliver any thing unique.They were just pumped and dumped and it would be better to stay away from them.
There is a simple answer to that. What decides coin's price? Demand and supply. If a coin is listed on exchanges and is being traded then it is not useless. If there is demand no matter how bad the utility of that coin is, people will buy it and price will increase. Almost all the coins are decentralized. It indeed is started by a company but once it is released in the market, they no longer own it. Then market decides the price
Yes they are all "real". But being real doesn't mean it can be used for something actually
A lot of coins are being traded, yet they can't be used for anything
You should do some research before you buy it
A lot of coins are being traded, yet they can't be used for anything
You should do some research before you buy it
When Crypto Currency first came out it was used by cyber anarchists who didn't care about money to disrupt the banking system as a punishment for the financial crisis when so many people lost their homes and jobs. It was involved in lots of scams like ransom-ware that would take advantage of exploits in old versions of operating systems and lock people out of their computers until they paid a Bitcoin ransom. Now that BTC is more widely trusted and accepted by the mainstream you can see that it is actually real however very vulnerable to manipulation like any other commodity is. Caveat Emptor.
of course to find out whether the coin is true or not to be noticed some things so as not to get scam by the coin
the first is the intent or concept of the coin then the team of developers who they are, after which there is their roadmap or development to be done
the first is the intent or concept of the coin then the team of developers who they are, after which there is their roadmap or development to be done
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?
Are you talking about all the cryptos that are listed on coinmarketcap?
There are more than 1360 at the moment. And no, there is nothing weird with them, there have been a lot of altcoins listed in there since a few years, but during this year there have been more than 1000 newbie coins in there.
THere is nothing wrong with this, and they are created by the founders of each team, they do not have any coincidences because most times they are created by different people.
They are pretty real, but if you want to unvest in any of it you have to be really sure that that coin is not a scam
Damn am i the only one not to have shitty ads in my signature ?
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?
You mean alt-coins. As you know crypto-market is decentralized and unregulated so anyone with a new idea and technological backup can develop its own coin either by creating its own blockchain or on ETH platform. So if a coin has its own blockchain, it is not FAKE.
But question rises about its authentication, a lot of new ICO's are launched every day but most of them came out as a scam at the end. We should check the background of the developers of these ICO's to validate its authentication + the purpose of its development. If both these things are up to the mark then the coin is authenticated.
Coins is real because It comes from the technology mined by people when it comes to getting money but no one can touch it because it is through internet untouchable.
Just have a look at the Coinmarketcap website, also the CBOE exchange, Bitcoin is real as you are.
There are such a large number of devs that make coins, ordinarily they regularly do ICO. this involves incredible concern since such a large number of individuals/devs exploit the circumstance. They exploit with no aim to make their venture a win. At the point when fruitful they bring all the cash claimed by speculators. This ought to be extremely concerned and we should begin giving careful consideration to which ventures are phony or not. since if left then this will be destructive to many individuals.
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?
Not all of them are owned by a certain companies, but I guess some coins are. And I don't know what exactly are you pointing out by saying real or fake, all coins are real and you can see it at the coin market cap. Even though some of them are not so much valuable, still safe to say, we can earn a few profit even on scam coins. And what kind of weird names have you heard? Maybe it is not a coin?
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?
Your question is too vague and non-descriptive, there are many coins with different intentions, ownership, niches, etc. There are some coins like bitcoin which have no "ownership" as far as a company owning the development, distribution and production of the coin. There are other coins that were developed specifically by companies to do very specific things, such as Dash which was developed specifically for quick transactions..
There are many coins which are simply ponzi-schemes that some company thought would be a worthwhile payday. We call these pump and dumps, but if you actually pay attention to what a coin is offering, why a company is developing what they're developing and how they plan to maintain and scale themselves up for mass adoption then you'll be able to pick and choose the coins that have some longevity and integrity behind them. The coins that are empathetic to the consumer/user needs/desires are going to be the coins that survive long-term in the cryptocurrency industry.
The first coin was Bitcoin and then people started to modify some of the original code and called it something else. These coins are known as Alt coins. All these coins are real and they are worth a lot of money.
This is just physical money in a digital format. ^smile^
This is just physical money in a digital format. ^smile^
as long as a coin has a chain (its blockchain) or like these days the tokens of projects that keep being created mostly on ethereum but also on other platforms like Waves, as long as they exist, there is nothing "fake" about them.
however, this doesn't mean they are any good though! majority of them are useless junk which is why people call them shitcoins. they are created to get pump and dump for the main part of their lifetime but in most cases these days they are related to some ICO which is used to raise some funds so the developers get rich fast and easy.
and it is pretty damn easy to create one of these. you just have to have a little knowledge of programming and some information about these platforms.
however, this doesn't mean they are any good though! majority of them are useless junk which is why people call them shitcoins. they are created to get pump and dump for the main part of their lifetime but in most cases these days they are related to some ICO which is used to raise some funds so the developers get rich fast and easy.
and it is pretty damn easy to create one of these. you just have to have a little knowledge of programming and some information about these platforms.
Yeah, there are alot of coins currently and you can't just say that all of them are fake or real. Some of them are good and profitable, some are just the copied duplicates of others. Also there are some coins which are kind of scams. So you basically need to be very careful and do alot of research on the particular coin you want to invest in.You can also take help of the people on the forum and ask about the coin before investing in it.
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?
I believe all coins made are real we should have different coins in the crypto market, every coin came from reputable company or dev's have own market price value it depends of demand of each coins have potential to grow in the future.
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