Well to be honest to be honest, I don’t believe that the Shitcoin era is going to go away since people are always trying to find the next get-rich-quick coin. Now even more than ever newer "shit coins" are being created every day.
People who don’t know much about the crypto space will probably buy those types of coins thinking they will be able to make a short-term and fast profit.
Topic: Shit coins era is going to end - page 2. (Read 1271 times)
The shit coin era will not end easily, because once they die, there will be new shitcoins again. Let's see. Every time, we can find out so many new projects that release a token or coin, how many tokens and coins are now? There are numerous. But, how many altcoins can really survive and always have very high value?
You can see it here in this post:
https://bitcointalksearch.org/topic/another-reminder-for-new-investors-5416858
Many worries again because many new investors are trapped in this shitcoin investment. They always hope that the investment holding will pay them after this bearish era ends. But, can they? None will garantee.
You can see it here in this post:
https://bitcointalksearch.org/topic/another-reminder-for-new-investors-5416858
Many worries again because many new investors are trapped in this shitcoin investment. They always hope that the investment holding will pay them after this bearish era ends. But, can they? None will garantee.
I don't think shitcoins will just disappear like that. There are still people who prefer investing to these tokens because its profit potential is greater than investing to those crypto with real utilities. Let's also add those paid influencers shilling it where they tell people that it could reach $0.xx even if it has more than a trillion supply.
^As long as there are people that want to have a quick profit and want to gamble their fund in a short period of time in unknown tokens. Shitcoin will never disappear. There will always pop up a repeated project that has the same utility because people wanted to invest in a new project, it will become hype when it has strong community support they are all greedy when it comes to profit, those people are very clever when it comes money they always wanted to gamble their money. There are too many of them as of now that I have known. 
Gaming tokens are in high demand if a good game can be brought to the market. As more products are produced, the utility of this token can be increased. As a result, the demand for gaming tokens will never end. Whatever the market conditions, gaming projects are in a relatively good position. These cannot be considered as sheet projects but projects that are inactive are different.
gaming tokens in general are definitely isn't shitcoin, they are coin with real utility since they have real products, it's unlike some shit coins that exists just being used for manipulation and scamming many.gaming tokens is definitely different in this regard, moreover gaming tokens isn't built in one day unlike most shit coins in general
Many people may have made a lot of income through Shit Coins but I always stay away from these Shit Coins because these Shit Coins have no trust they can make you rich just like they can make you a fool so in my opinion this is all Shit should stay away from coins.
Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.
Due to the reason that creating tokens and coins is too cheap, the indication of shitcoins era going to end will not happen. Aside from these tokens, creating coins is as easy as 1 2 3, there are also sites that offer coins creation for as cheap as $10, but that was when tokens aren't popular. But due to maintaining nodes is quite expensive, many scammers now depend on main cryptocurrency blockchain and create tokens using those blockchain.
The number of shitcoins is on the increase and there is no way they're ending this era any time soon, but then we must also know that those who patronize those shitcoins are always in for a pump possibility just to make some quick buck, this makes them ready for whatever the outcome of their decision will be.
Member here are becoming more advanced in knowledge and are now able to detect such scammy project in the altcoin market, but above all we should try to avoid those shitcoins in totally if we care about our investments.
Member here are becoming more advanced in knowledge and are now able to detect such scammy project in the altcoin market, but above all we should try to avoid those shitcoins in totally if we care about our investments.
True, scammers and shitcoins creator is having an easy way in creating shitcoins. They already have the "blueprint" of the needed things, they can just modify the name of the coins, copy other roadmap, make a good site from their existing website templates and launched it. So there is no way the shitcoins era is going to end.
I really hope that their era would end because they aren't good or even have any good impact on the blockchain industry. They're just scamming and lots of investors. If that happens, the percentage of scam cases would decrease and more investors would be able to find trusted and legit projects.
In order to minimize shitcoins creation, I believe we need the government to regulate the creation of cryptocurrency, but I think many of us don't want that to happen (though I am in favor for the government to intervene in the creation of cryptocurrency project to minimize scams)
The number of shitcoins is on the increase and there is no way they're ending this era any time soon, but then we must also know that those who patronize those shitcoins are always in for a pump possibility just to make some quick buck, this makes them ready for whatever the outcome of their decision will be.
Member here are becoming more advanced in knowledge and are now able to detect such scammy project in the altcoin market, but above all we should try to avoid those shitcoins in totally if we care about our investments.
Member here are becoming more advanced in knowledge and are now able to detect such scammy project in the altcoin market, but above all we should try to avoid those shitcoins in totally if we care about our investments.
Hope its a end of those shitcoins.
Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.
Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.
because cryptocurrencies are decentralized meaning no one is regulated, and will certainly be a threat.
Shiba Inu and Doge coin are frontiers in the meme ecosystem that made people go into making meme coins. With the twitter talk due to the likes of Elon Musk, many meme coins/tokens were churned out then. However, without the talk by notable crypto individuals, meme coins /tokens will fizzle out unless such tokens are backed by utility - such as Defi, Dex, etc, to have more use cases. For now, IMO, I cant say for sure that the era of meme is over because it is all about hype and influencing the community. If Elon Musk talks about any meme token tomorrow, for example, I am almost sure it will usher in the making of series of meme tokens again.
I hope the shitcoin era ends and there are definite regulations regarding altcoins,
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
Fraudulent cryptocurrencies will not decrease yet. This is facilitated by the open source code of cryptocurrencies, which allows anyone to create cryptocurrencies without any control and an increase in the number of new people who wish to invest in cryptocurrencies. Experienced users are less susceptible to the tricks of scammers, and beginners will continue to become their victims. There is still little government regulation of this type of activity, which creates a favorable environment for the further development of fraud. because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
Hope its a end of those shitcoins.
Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.
Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.
I still can't believe that scam projects still exist in the crypto world,
especially now that the bear market has so many scam altcoins, even projects that pass the audit are also scams.
Hope its a end of those shitcoins.
Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.
Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.
Most of the cheat coins cannot be successful. Although they achieved success in the initial stage, the coin later died completely.People don't like shit coins much now. People have given up investing in shit coins now. There will come a time when these shitcoins will be exhausted and that has already started.
Many are like that, they found success at the beginning but end up being dumped. This is the normal cycle of new projects today and most of them are altcoins that have been developed to be pumped and dumped.There's no actual use case and they're loving it more because the investors like to have that quick profit vibes that they've been looking for, so that's why it's becoming like that and soon, we'll see that they'll be lesser because of these developers will just have to lie low when the projects they make are far from being successful as investors becomes wiser.
Most of the cheat coins cannot be successful. Although they achieved success in the initial stage, the coin later died completely.People don't like shit coins much now. People have given up investing in shit coins now. There will come a time when these shitcoins will be exhausted and that has already started.
I hope the shitcoin era ends and there are definite regulations regarding altcoins,
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
I think it is not easy to make regulation for all altcoins because many altcoins have anonymous teams even fake identities, you can check the thread board in this forum because many shitcoin projects fake team identities and whitepaper plagiarism, so regulation for altcoins is very impossible even top projects like luna too could end up being a scam.because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
cryptocurrency regulations are being drafted and it will be applied soon if passed. it is true that we cannot completely prevent scam projects since most of them are anonymous, but once the regulation is in place, i believe scams like Luna will be somewhat limited. Luna was once a public scammer as there were no crypto regulations to tie them down
i'm not a fan of shitcoins, but shitcoins aren't completely useless, thanks to shitcoins creating hype to attract new investors as well as money flowing into the market. if you fail to invest in shitcoin, it's your fault, don't blame shitcoin, because a lot of people can profit from shitcoin
I hope the shitcoin era ends and there are definite regulations regarding altcoins,
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
I think it is not easy to make regulations for all altcoins because many altcoins have anonymous teams and even fake identities, you can check the Scam Accusations thread board because many shitcoin projects use fake team identities and whitepaper plagiarism, so regulation for altcoins is very impossible even for projects top like luna can also end up being a scam. So we have to increase knowledge to identify the characteristics of shitcoin/scam projects and avoid them from any investment, then slowly the shitcoin era will end because scammers don't get any profit from scam projects. because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
looks like shitcoin will never end as some people here say.
because every shitcoin appears and the owner of the coin gets a big profit after that he leaves the project and that's when the project owner will create a new shitcoin and with a new theme that looks ridiculous promises all big profits. and that's when shitcoin will never end when the face of the owner of the coin can be manipulated with a new face and trick us like a new coin.
i actually have hated shitcoin for a long time like that but what if i can't fight it all. and all i can think about right now is always avoiding shitcoins with jokes that promise all the benefits
because every shitcoin appears and the owner of the coin gets a big profit after that he leaves the project and that's when the project owner will create a new shitcoin and with a new theme that looks ridiculous promises all big profits. and that's when shitcoin will never end when the face of the owner of the coin can be manipulated with a new face and trick us like a new coin.
i actually have hated shitcoin for a long time like that but what if i can't fight it all. and all i can think about right now is always avoiding shitcoins with jokes that promise all the benefits
As long as there are people who are interested in shitcoins with the promise of huge profits by the development team, it is very unlikely that shitcoins
will expire and disappear. Even what makes me disappointed the number of people who are cheated with shitcoins is increasing. That's why we see
so many new projects being created in the current bear market situation. Because it turns out that the demand for shitcoins is quite high, because
there are still quite a lot of people who want to get rich instantly and that is indeed the wrong mindset. Actually, it's just someone's greed that makes
him wrong in choosing projects for investment. That's why our emotional control plays a very important role so that we can think more clearly
which decisions are good for us to take. You're right there's not much we can do to fight shitcoins to an end, at least the simplest step we can do is
to avoid shitcoins for ourselves. Because sometimes it's not easy to educate others about shitcoins is something to avoid, if we ourselves have not
become rich from investing in crypto.
Many useless coin projects emerged between 2019-21. Most of those projects are shelved in 2-3 months. I don't know whether this is because of bearish trend or people's awareness, the number of shitcoins projects are declining. I observed them various sites like coinhunter, coinvoter, gemfinder etc.. This is a good move. But if market gets bullish again, we have to see whether they born again out of nowhere.
Hope its a end of those shitcoins.
Hope its a end of those shitcoins.
It's true that there are projects who don't even have a clear concept and use case. In 2017 during the hype of ICO, almost every project is gaining attention even if their use case isn't actually appropriate or fit as a crypto-related service. The interest and hype of ICOs started to decline during the 2018 bearish market and some projects that started their ICO that year can't even reach the target soft cap.
Although there are still good projects around, it's now difficult to find new projects that can be considered to have potential.
Anyways, referring to "sh*tcoins", it's already part of the crypto-world since the beginning and I'm 100% they won't be gone in the cycle.
Just ignore those if you are not interested, simple as that.
I hope the shitcoin era ends and there are definite regulations regarding altcoins,
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.
Although there are a lot of people who dislike shitcoin, the reality is that it is a part of the market, and it is an important part of the market as well. Can be seen every time the bull season comes and the shitcoins generate impressive hype thus attracting a lot of new entrants to the crypto market, shitcoins play a huge role in attracting new users.
It is also very difficult to have regulations banning these shitcoin projects, as they mostly have anonymous teams so there is no way to stop them.
Do they have to though? I mean I get that we are talking about a bigger return that is understandable but at the same time we are talking about something that would be increasing a bit less but more secure at the same time.It is also very difficult to have regulations banning these shitcoin projects, as they mostly have anonymous teams so there is no way to stop them.
Think about it, if you invest into something that would be profitable, and it is guaranteed that it would be profitable, and it is secure, but you will get 2x return, versus something that is risky, most probably will lose all your money, and it will be useless effort, but a tiny sliver of chance it goes 10x, which one you "should" pick? Most people know it's better to invest into bitcoin and make 2x to 5x profit in the long run, but they prefer the shitcoins for some reason for added adventure and possible profits.
Jump to: