I don't think so, the bitcoin ecosystem need his shitcoins to regulate the market. because if there's only eth, etc, ltc, nem dash, xmr < it will be this coins considered as shitcoins, and the bitcoins is hired up by the pump and dump of the shitcoin, the benefice in shitcoins are reinvested in btc and that's why he pump to 5k( with the growing demand, more media are looking at the btc...) Some alt will die and some will reach the moon in 2018 i think there will be a kind of natural selection between scam and real innovating and usefull coins.
that's my opinion.
Topic: Everyone buying all these new shitcoins is killing the altcoin market. (Read 811 times)
October 24, 2017, 12:04:18 PM
October 24, 2017, 12:04:09 PM
You guys are just diluting the market by investing in shitcoins ( making small groups of people crypto rich) when we should be focused on growing the real crypto's like eth, etc, ltc, nem dash, xmr. Stop buying the ICO hype and start getting back in to the real coins.
It's called free market and this is what we wanted when we talk about decentralization. I'm sorry but you're whining a bit. If you believe in decentralization and free markets, then just be patient and know that this young cryptomarket is still searching for the way to stability.
edit: forking existing coins instead of starting up your own, now thàt's what I would call destabilization.
October 24, 2017, 11:57:42 AM
Definetly a dilution of the current market, still it's a growing market, hopefully people choose their "shitcoins" carefully, there's also a lot of potentially succesful projects out there don't know if current valuations and marketcaps are in line with their value, but still pontetially disrupting business in different industires
October 24, 2017, 11:28:37 AM
Too many shitcoins already. Many have nice pump action now after the btc gold fork 
There are another fork in November, and everything will be the same. S..tcoins will die
October 24, 2017, 10:56:06 AM
Too many shitcoins already. Many have nice pump action now after the btc gold fork
October 23, 2017, 11:48:16 AM
It will be survival of the fittest as Darwin says. All the shitcoins will eventually disappear leaving the strong behind. Hopefully without a new wave of shitcoins!
October 23, 2017, 11:26:30 AM
Aren't those all shit coins? In the end 90% of all crypto currencies are pure pump & dump in my opinion.
But you are right. For example all this new e scam coins are totally shit and i can not really understand why those coins gain some millions of marketcap.
But you are right. For example all this new e scam coins are totally shit and i can not really understand why those coins gain some millions of marketcap.
It's simple. You can pump and damp this s..tcoin with 1 or 2 BTC as deposit. If there are 1bln tokens. You can sell 1 token to somebody for 0,0001 BTC and capitalization will be ...? Yes you are in top 100
October 23, 2017, 11:09:18 AM
Aren't those all shit coins? In the end 90% of all crypto currencies are pure pump & dump in my opinion.
But you are right. For example all this new e scam coins are totally shit and i can not really understand why those coins gain some millions of marketcap.
But you are right. For example all this new e scam coins are totally shit and i can not really understand why those coins gain some millions of marketcap.
October 23, 2017, 11:08:57 AM
But few shit coin in your opinion have reality potential to invest, its looks good and solid to spend money for them
October 23, 2017, 10:57:18 AM
You guys are just diluting the market by investing in shitcoins ( making small groups of people crypto rich) when we should be focused on growing the real crypto's like eth, etc, ltc, nem dash, xmr. Stop buying the ICO hype and start getting back in to the real coins.
I also did something stupid like that, trying to buy lots of new coins to trade and what I got was a nightmare. i'm losing most of the coins I have. October 23, 2017, 09:47:01 AM
You guys are just diluting the market by investing in shitcoins ( making small groups of people crypto rich) when we should be focused on growing the real crypto's like eth, etc, ltc, nem dash, xmr. Stop buying the ICO hype and start getting back in to the real coins.
everybody wants to issue there own token for their own project. Now it´s up to the market to mature and adjust when this projects reach real use cases. Then we will see if we want to see Dex where we can swap between tokens almost instantly or if we will prefer to use a service that uses one of the strong cryptos, whatever that strong crypto is in the future.
October 23, 2017, 07:38:44 AM
Generalizing all ICOs as a scam is poor thinking. There are some that have a good agenda in mind and have put in work to develop their platforms. If no one believes in a startup, then where will we all be in future. You just have to do your due diligence before investing in ICOs. Apart from that, many of them are just pure scum.
October 23, 2017, 03:23:37 AM
I don't think lot of people invest into icos. Investing icos is hard task for most of the bitcoin investors. You need to know lot more technicak details/aspects. I think ico hype is just already dead and we are having normal (not pumped) investments.
October 23, 2017, 02:33:05 AM
The problem is the good ICOs cant get passed all the shit being shoveled today,
and 99% of investors cant even read the whitepaper or conclude is it a good one or pure marketing shit with nice design and shiny colors.
...
and 99% of investors cant even read the whitepaper or conclude is it a good one or pure marketing shit with nice design and shiny colors.
...
October 23, 2017, 02:19:11 AM
I think it is a personal choice for buyers, but I totally agreed with OP these shit coins are making the bad impact on good altcoins like Eth, LTC, etc.
October 23, 2017, 01:46:50 AM
Most ICOs are scam and they giving out shitcoins but a few of them are real gems with a company, a plan, a whitpaper and the chance to become a gamechanger in the future. If no one would give new companies a chance, there would be far less development in the scene. Image no one would have bought google stocks because there were already other search machines in the 90s, or amazon or (back in the 80s) Microsoft. They all started in a garage or small office and they are giants now. There have to be ICOs but not that much and as I said, more than 90% of them are real scam. It's our job to find the good ones.
October 23, 2017, 01:31:26 AM
I think it wont stop until something bad happens. There has to be a massive culling of shit coins before people realise its waste of money to invest into them.
October 23, 2017, 12:54:09 AM
Well as they all say, to each his own. We can't dictate what others want to buy. But we should encourage them to learn more about the coins they are buying so at least they would know the value of those coins and eventually can determine which is a shitcoin or not.
October 23, 2017, 12:03:34 AM
You guys are just diluting the market by investing in shitcoins ( making small groups of people crypto rich) when we should be focused on growing the real crypto's like eth, etc, ltc, nem dash, xmr. Stop buying the ICO hype and start getting back in to the real coins.
Well tbh, imo i can say every coins starts as shitcoins because as we can see there. Most of the ICOs are plainly just idea and futuristic plan.
Same towards the coins you listed like ETH
I Would say its good to invest in shitcoins. Why? If you never invest in shit, you wouldn't learn. Despite there's 10 people giving advice on never join MLM. You wouldn't know why until you join.
So its a good thing there, people learn, people grown up, community become better
October 23, 2017, 12:02:25 AM
I think you should remove that your biase google, for every ten startup one will succeed in my opinion, so from your list only one project will succeed, so we should focus on them and prevent other innovation, remember what happen to Yahoo, it was the big giant in the market then, and Google has left them behind. Been the first doesn't make you the best
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