Topic: Coins real or fake? - page 2. (Read 309 times)

Some of them are real, some of them are fake. If you're going through coinmarketcap, well here's the thing about it. They randomly list the cryptos without even asking the developers and the team behind the particular coin. They list, advertise ponzi and scammy coins(for example, take Bitconnect(BCC)). If not, then, just check out the reviews and then make any decision. And yes, do not get carried away by looking at the price of a coin, potential ones have prices around a dollar to 10$. If a coin is like 300$(I'm talking bout Bitconnect) doesn't mean it's worth and have the potential to be profitable. It can be a ponzi also. So chose wisely and then make do accordingly.

Some real and some are not.
Bad things happen and those fake coins are one of them.
People got too intelligent and they make their own without even a sweat then try to scam some people using it. Beware of that.
You will somehow see them here when they make threads that dont even have some efforts.

Since you are a newbie it is better if you spend your time reading about them to know which of them have real uses and which are just shit coins. It is a good practice so when new coins announces their development, you'll easily know if it is good to invest or not.

All of them are sadly real, and they aren't owned by a company. All of these current altcoins are made by different developers and teams. The burst in the amount of coins came from when people noticed the amount of money that people would pour into new 'ideas' that would 'revoulitnoze' the cryptocurrency market.

I put those two things in quotes because these things did nothing for crypto, usage wise. All they did was get more money into the trading aspect of crypto, so that's that.

ICO's may be fake when it comes to stealing money, get data on coingecko and coinmarketcap though.

Of course they are real they were well developed and maneuver by thos ICO's out there to help them in their business market in the cryprocurrency. I think why you are referring them fake because some of them were being used as scams well pratically they are really real they and can be used or exchanged for a really good price depends upon the movement it can only be fake if you letvyourself get fooled by these rotten scammers.

Real? Yes. Fake or not? Depends. Only a little of these thousand(s) of coins are serious and have a purpose while the rest are what we call "shitcoins." These coins are made for the popular quick-rich schemes like how some ICOs are doing. You can already see to their name if they really are serious or not.

All of them are real but it does not guarantee that they have a real project working behind or if they will really make their best efforts to get listed. Here are some of points which you can surely keep in your mind while choosing a best altcoin.
There are several definitions/criteria by which you can detect whether a new cryptocurrency is a scam or not.

BLOCKCHAIN
The digital currency was created on the BITCOIN or ETHEREUM BLOCKCHAIN, then it has some level of legitimacy.
LIQUIDITY
It is easy to liquidate the commodity asset of your digital currency asset and turn this into other digital currencies or back to cash.
FUNCTION
The company has a business model/plan within which the digital currency or token will solve a real problem for a large channel to market.
PEOPLE
The people behind the company and the company itself have an ethical background and have not been involved in Ponzi Schemes, Penny Auctions and are operating with transparency and conservatism.
ICO - Initial Coin Offering
Specifying terms and conditions of the downside is a legal requirement not adhered to by most ICOs. ICOs divert this by saying they are technology advisors. However, unlike IPO rules under SEC, ICOs only need a white paper about a potentiality and a funky website to solicit millions of dollars in digital currency investment.

But even after such things show positive indicators one cannot guarantee that the coin is real for sure.
I think he is quite sure about bitcoin he is talking about other coins prevalent in the market which use their own blockchain or either work on the tradition ethereum or bitcoin blockchain.

If the coins are listed in the purses, exchanges, exchangers, then all of them are real in their digital world. Now there are more than a thousand and their number is constantly changing. Some are created as a result of the ICO (the initial offering of coins), others die as a result of the lack of demand for them.

There are so many devs that make coins, usually they often do ICO. this is a matter of great concern because so many people / devs take advantage of the situation. They take advantage without any intention to make their project a success. When successful they bring all the money owned by investors. This should be very concerned and we should start paying close attention to which projects are fake or not. because if left then this will be harmful to many people.

Those new coins are owned and managed by a group of developers who work together in respective projects. Such ICO coins are called tokens, once the token becomes available on exchanges, then we can call them coins, we can also trade them with ethereum. All these coins are ERC20 compatible and can be stored in myetherwallet.com addresses same as you keep ether

Bitcoin are real,100% legit but it is an intangible thing. Sincecit is a internet or a net thing that show number with a real help in the internet community. Bitcoins are used in buying things in the internet.

Coins real or fake?
The coins are really true how to say fake, but all those who keep money in coins put on
and it has been tested by many
There has been no news that has not been true and has not yet been heard losing money because of the use of coins
always trust the things that are being tested first
you'll know if something really is or not something else has something to say
example is different from original
you'll know if it's not true that the user is small

Ofcourse new coins are real but are digital and only works for investing like shares for the companies who own these coins. Yet to fully understand if these coins are legit or not is to read and understand the whitepapers that these ico have, because these days there are lot of scamers. Investors should think twice before investing on coins to avoid fraudity.

Lol U having a look through coinmarketcap?

Most are shitcoins. Some shitcoins have lots of buzz words that make newbies feel like they're investing in something so interesting and mind-bending when it's just a polished turd (*COUGH*ETHEREUM*COUGH*). I'd do a ton of your own research before putting your hard earned money into a shitcoin.

Are they owned by companies? Only centralized shitcoins. Ripple, stellar any ERC20 token for the most part are companies. They're the shit on the bottom of your shoe, which is worse than a shitcoin. They're owned by banks and conglomerates.

      Coin are real but untoucheable because they are digital and of course this coins are owned by some companies for their business. But there are also a kind of coins which is tangible

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?