Topic: I think the shitcoin flood is ending ... (Read 2553 times)

Some people won't listen and afterlife expenses wtf ?

OK I was just giggling at the name 'Eternal Coin'.

Then I read the tagline "your coin for afterlife expenses" and that made me explode; I almost spilled my coffee

Finally.

One here, one there, it can't be stopped completely.
Better than 5-10 new shitcoins every day.

Dammit, a fresh turd slipped out today:

https://bitcointalksearch.org/topic/annetc-eternalcoin-afterlife-currency-launched-on-exchange-562481

You're seeing in technicolour into why professional floor traders are so cynical. In a nutshell, they make money from other people's hastiness and impulsiveness.

I recall one guy saying back in September 2013 roughly on Cryptsy chat that many of you know
he said "it's getting hard to scam the noobs.. they are getting smarter"
and i think that applies here with the OCT/NOV crowd.

they aren't as dumb now and combine that with new users have to have been slowed to a crawl for a couple months i think (just a guess)
so no new fresh blood plus smarter noobs makes dumping shit coins for a new Lambo everyday harder and harder lol
many are questioning whether to hold on to all the those fancy gpu's they paid double for too..
i bought my 1 7950 right before they all flooded here for $199 and later it was being sold used on ebay for a minimum of $470 (and everywhere else too)
they flooded in and overpaid for hardware and coins etc and many have taken a beating with fanboysism, propaganda and hyping on troll box's,
and taken big loses such as with Max coin and they are now out and gone (left) or far more paranoid about screaming "Take my money" now lol
(so i think the cloners are easing up because the don't see the volume of noobs flash mining anymore)

one guy said earlier on this topic that Bitcoin went down so the ALT's will too.. (i think he's right, that is the pattern i see now for a while)
well unless i am totally crazy but didn't like most of all last year any time BTC went down Alt's went up on Cryptsy ? that is the pattern i remember.

poor noobs love mouthing me off but they forget a ton of us we're sitting back waiting for you with a knife and fork on exchanges haahaa
all too happy to sell you expensive Altcoins.. you guys came in screaming Take My My Money ! LOL
and you bought up anything not nailed down for stupid prices....... like idiots
i couldn't believe how high some got and how much the guys that just got here spouted off telling people that what ever coin they had was going to the moon lol
is going to be the bitcoin killer ! lol
The noob fanboyism and cheerleading that started then and up until now is revolting and severely irritating and illogical.

You could see a million noobs show up on Troll Boxs and IRC for exchanges etc and they would simply say what coin should i buy ?
and then they would go buy them.. with huge amounts of money too lol ..which makes for some easy money hahaha
and then it snow balled i think with so much of that precise behavior going on that more and more noobs threw money at any coin no matter which one it was
simply becusee they seen a green arrow at Cryptsy.. a domino effect.. that has now crashed.

Flooding the scene with shit coins and making excuses to support them is the biggest killer of all and i warned everyone about that almost by myself to deaf ears
i said it would kill this scene and we havn't seen nothing yet.. it's doomed and we're screwed unless we make severe and drastic changes asap !
And ask yourselves are the coin cloners going to stop ? (and yes i do consider even coins like Digibyte a clone for example)
Are the supporters going to fumble over themselves making pools for any shit coin ?
Are exchanges going to keep adding ANY coin asap no matter what and blame it all on "user demand" when the market crashes ?
Are users going to mine and support any coin no matter who made it or how bad it is as long as they can say "well i made 10 BTC with lol" ?

Irresponsible Greed.. short term gain vs Long term health of the scene is what i see.. make a lot asap and none later or make a bit less now and have a scene in the future !
and that is all it is... shit talk to BTC to fiat while spouting off Free Market and i love crypto.
If you all did you'd be holding your coins lol
But we see dumping non stop which is why values goes down.. because there is more demand to sell than to buy.. so it's not possible to deny it.
Blablah blah i love crypto FIAT !

Maybe they are still to come? It did seem to good to be true in the first place... (With only 1000 it is like 3 per day.)

What happened to those thousands of alt coins promised within a year by Marinecoin?

https://bitcointalksearch.org/topic/multiple-new-altcoin-release-initial-announcement-by-marinecoin-508323

Just wait for all the ethereum clones and clones within ethereum and clones within each cloned ethereum

I hope not. All fiat currencies are the same since the 70's, not backed up by Gold and mega inflationary. Best scam ever which will lead to a huge wealth transfer from West to East (India and China have been hoarding gold for years as it holds value). I visited India a couple of years ago and bought gold from Dubai on route after being advised to do so from a friend. Was easy to sell at a mark-up in India (they can't get enough of the stuff).

That being said you can buy Gold and sell at a mark-up on eBay (morons pay 15-20% more than it's worth).

Imagine the amount of shitcoins if bitcoin becomes mainstream... I doubt we will see anything of them.

There is almost 170 fiat currencies across the world. We have around 200 cryptos so far. It's quite similar amount
Waiting for next big crypto boom.

Just imagine how many coins will appear when people realise the USD is junk. Gold and Crypto for me.

I feel it in my bones. Now is best time to buy crypto.

i hope things look up for alts

EFL, the first Dutch countrycoin, was on Litebit before NLG and was actually picked up by the media.
Where are the media articles for Guldencoin? ...

29 news-articles (2 audio interviews, 1 on national news Radio) for Electronic Gulden [EFL]



Ontopic: I think the shitstorm is over for a while but there's money to be made, so coins will be created...

I think its just the calm before the storm. When BTC price will rise , alt coin section will be again flooded with shitcoins.

Out of all the country coins, I think there is one that might actually be serious and that is NLG , guldencoin. They have just partnered up with a litebite a dutch site that does Euro/NLG pairing.

They have also got the teams full identity on there homepage which is great considering all the scam coins and exchanges that have come recently.

https://guldencoin.com/who-we-are/  --> This is really refreshing to see.

Maybe miners and "investors" finally learned their lesson?  ...............LOL?

Launch is one thing, support is another. That is a key difference. Do you have developers who will work through the weekend to fix a key security exploit? Support for a coin is how it lives or dies in reality. Then there is community and marketing. Whether or not people are in it for a quick buck, or something longer term.