safemoon and Shib now are both not promising, they're not good anymore to hold in the long term neither short term
as well in my own understanding. They're just good only during the time when dogecoin spike in the market. But when bitcoin
began to drop its price these two followed by it. So it is better for us to find another altcoins in which is better than this
of course.
Topic: There must not be more penny coins like Safemoon or Shib (Read 285 times)
These 'get rich quick ' altcoin (shitcoin) are indeed taking money away from bitcoin! The interesting part of these coin is the fact that they usually target the new cryptocurrency users and investors by capitalizing on their insufficient knowledge of cryptocurrency, luring them to buy and later dump these coin on them! I do not know if this will stop, but people must realize that they hurt themselves investing in altcoin that has no use cases except for pump and dump!
Chill out OP. For every Bitcoin there must be 10 altcoins and for every solid altcoin there must be 10 more shitcoins. Now is the era of memecoins. Just let them pass,,, when people tire and lose money they will deflate. Sure this will crash the entire market but better to have a spring cleaning every now and then:)
There are so many altcoins like that, that are worth just pennies. If you check coinmarketcap.com you're going to see thousands of them lol. But anyways, I don't think that having them means bad business for bitcoin, they don't stop bitcoin from growing, bitcoin is going to keep on growing I even if there continues to be coins like that.
The market is open and as time goes on you're going to see more and more coins that are worth pennies, and also the ones that are worth more than. But all that doesn't really matter, because there are also good projects that are worth just pennies. And like I have said, I don't see it affecting bitcoin at all.
The market is open and as time goes on you're going to see more and more coins that are worth pennies, and also the ones that are worth more than. But all that doesn't really matter, because there are also good projects that are worth just pennies. And like I have said, I don't see it affecting bitcoin at all.
There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
I don't think it can harm bitcoin because since then a lot of shitcoins already came into this market and none of them harm Bitcoin because they are just here to scam people. Bitcoin is already an established coin and scam projects wont hurt the market anymore not unless we hear so many hacking incidents. Those penny tokens are made a lot of good runs in the past months and many of my friends made a lot of money from that, I cannot blame them for joining the hype because they know what they are doing. There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
People have different choices in life, some were just practical and take every opportunity that they saw. Like having these meme coins is not a lifetime investment, now to see people are buying now because they just ride on the market but sooner or later, they will just dump it. And we know what will happen to these coins, DEAD. Maybe they are lucky if they will survive and have a supportive developer, but still doubtful about it.
There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
I don't think it can harm bitcoin because since then a lot of shitcoins already came into this market and none of them harm Bitcoin because they are just here to scam people. Bitcoin is already an established coin and scam projects wont hurt the market anymore not unless we hear so many hacking incidents. Those penny tokens are made a lot of good runs in the past months and many of my friends made a lot of money from that, I cannot blame them for joining the hype because they know what they are doing. There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
People have different choices in life, some were just practical and take every opportunity that they saw. Like having these meme coins is not a lifetime investment, now to see people are buying now because they just ride on the market but sooner or later, they will just dump it. And we know what will happen to these coins, DEAD. Maybe they are lucky if they will survive and have a supportive developer, but still doubtful about it.
To me, what op is trying to say is that these meme coins coin will destroy the image of crypto space, causing new investors to loose steadily on their capitals.
If anyone new to the market jumps into coins simply because of the hype then they will end up loosing their money. In any market you need to study about them and invest after looking at the developers and the team behind them and only you should invest your money. If you are not doing that basic diligent work then you will end busting yourself rather than making profits. 
Thailand has stepped on this issue and I think if other countries will do the same, we're going to see most of these meme/penny coins be out of the market until they're only listed to a few exchange. But I don't think that other countries will follow the same decision as what Thailand did to get rid of these coins.
This is the link for that news. (https://www.engadget.com/thailand-bans-meme-coins-nft-113518980.html)
This is the link for that news. (https://www.engadget.com/thailand-bans-meme-coins-nft-113518980.html)
I don't think it can harm bitcoin because since then a lot of shitcoins already came into this market and none of them harm Bitcoin because they are just here to scam people. Bitcoin is already an established coin and scam projects wont hurt the market anymore not unless we hear so many hacking incidents. Those penny tokens are made a lot of good runs in the past months and many of my friends made a lot of money from that, I cannot blame them for joining the hype because they know what they are doing.
It cannot harm bitcoin but it can harm a lot of newbie investors that just got in to the market. They're thinking that these coins are the future specially if the person introduced it to them is a bag holder. There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
I don't think it can harm bitcoin because since then a lot of shitcoins already came into this market and none of them harm Bitcoin because they are just here to scam people. Bitcoin is already an established coin and scam projects wont hurt the market anymore not unless we hear so many hacking incidents. Those penny tokens are made a lot of good runs in the past months and many of my friends made a lot of money from that, I cannot blame them for joining the hype because they know what they are doing. There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
Harm Bitcoin?There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
It seems you havent get used to into this market and also you cant really stop with those shitty coins to pop out in the market and make out some hype
even though theres no such relevance into its existence.
This doesnt only limit out with Safemoon or Shib but also in other shitty projects as well that are currently existing. They are indeed getting
recognition despite that it isnt really that a good project at all.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
So, if those buying don't get to see where they would buy, whether on Cex or Dex, the tokens will die off naturally.
CEX has a role to play as investors tends to trust them but Dex don't, infact Dex are just software/platform connecting two users to buy and sell without any authority or breach of privacy like the centralized exchange so anyone can list any token whether they're scam coins or not.
But we just have to understand not all coins with such low price are scams or killing Bitcoin. Infact no coin irrespective of what it does can kill bitcoin instead it'll make it stronger. Obviously when they finally exist scam, they're sending a wrong public Image in regards to the reputation of the industry but all those affected will realize why it's always advice to buy into project with strong fundamentals and community trust like Bitcoin instead of chasing hypes.
Well for me, they are still on the hype and it will perhaps very risky to invest if those who controlled the price will make the coin dump.
However, I admit that as of now [in a short period of time] they are profitable since they are in bumble right now but as a matter of fact they are of no use in the community. We should have proper research of having investment especially in altcoins, they are most likely very hot in the first place but later on, they will become useless. If you will believe in high risk, high return profit should have your own study.
However, I admit that as of now [in a short period of time] they are profitable since they are in bumble right now but as a matter of fact they are of no use in the community. We should have proper research of having investment especially in altcoins, they are most likely very hot in the first place but later on, they will become useless. If you will believe in high risk, high return profit should have your own study.
Therefore, doing research yourself is very important, at least with minimal knowledge research must be carried out. because it should not be careless, no matter how small the research that is produced on its own will create a sense of trust that at least we are not rash in making decisions in investing.
Even for short-term profits, one shall look at other alternative options because when you enter such a market where the coin is being hyped without any solid development behind it, you don't know which moment the market starts crashing.
it is true, always be aware of the consequences of the manipulation of commodities that deliberately pile up big traps that are proven to have no small losses.
The longer you know the investment world, the more careful someone is in storing their assets. and not on just any coin.
DYOR!!! only to take advantage on one occasion when the first bubble is pumped with great force. not for the long term that's why coins like this become a hotbed for huge profits. regardless of destroying the market or not, I have not really followed the trend of such coins since their emergence until now.
It's everyone opinion to invest in whatever coin they like, it might profit them in the long run and might fail on them heavily, it's their choice, if they keep continuing on shitcoins, there will be a day when they will realize their mistake and do proper research and start investing in the right potential coin with future development....
We have to stay away from more such projects or they will harm Bitcoin.
In which way that it could harm Bitcoin? Are these coins are competing Bitcoin? We have to stay away from more such projects or they will harm Bitcoin.
...
We have to stay away from more such projects or they will harm Bitcoin.
In which way that it could harm Bitcoin? Are these coins are competing Bitcoin? Probably not, but these coins can't really be trusted when it talks about long-term investment. New projects mostly just end shortly, if these coins will pump it is not because of its potentiality but probably because someone manipulated the market. Quite a familiar tactic for rich people, for somebody who could afford to do that (whales). We have to stay away from more such projects or they will harm Bitcoin.
I'd never invested both of them because I don't have trust but it can be changed if it was proven to be worthy.
People are buying because it was cheap and they will think someday it pumps x1000 or more, however, they don't realize the possible end of their investment. But who knows if they are lucky during the next Bullrun, can't tell, right?
Honestly, I often hear these coins talk in the forum. I don't what is special to them both. What I am just asking not to judge them too fast, I don't want to be biased here, and we never know what is their plan. Only we need not invest a huge amount of money if we are not sure about the project.
Cheap does not meant it is a good coin and also does not mean you can get profit with a cheap coin.Honestly, I often hear these coins talk in the forum. I don't what is special to them both. What I am just asking not to judge them too fast, I don't want to be biased here, and we never know what is their plan. Only we need not invest a huge amount of money if we are not sure about the project.
Your profit will be in percent from your entry price. Bitcoin or shit coin can give you same profit if they rise at same %. The problem with shit and very low price tokens are they have low trading volume, no use case and the party will be over when owners, founders finish their plans to dump all tokens they have.
Bitcoin rises and drops, has bull and bear market but you will have many opportunities to enter or exit with Bitcoin market. The volume of Bitcoin is insanely high and you will not lose your capital in one hour, one day with Bitcoin.
There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
People are buying because it was cheap and they will think someday it pumps x1000 or more, however, they don't realize the possible end of their investment. But who knows if they are lucky during the next Bullrun, can't tell, right?There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
Honestly, I often hear these coins talk in the forum. I don't what is special to them both. What I am just asking not to judge them too fast, I don't want to be biased here, and we never know what is their plan. Only we need not invest a huge amount of money if we are not sure about the project.
I need more clarification regarding on how to help the problem to this coin, so they are literally here just to destroy the coin that they want?
That is why I don't believe shitcoin nowadays, they are very risky in the first place and why not everyone focuses on bitcoin instead of not on the altcoin that there's is no use.
But if the developers really want to continue to develop meme coins, there's nothing we can do and stop them, even your coin.
That is why I don't believe shitcoin nowadays, they are very risky in the first place and why not everyone focuses on bitcoin instead of not on the altcoin that there's is no use.
But if the developers really want to continue to develop meme coins, there's nothing we can do and stop them, even your coin.
There's no way for you to stop these developers. Some coins that I've seen have added "elon" on their names like Dogelon and Elonone.
You have to embrace whatever that's being made by these developers that only wants the money of their newbie investors. They'll die eventually when there's no more volume on these coins.
But the sad truth is that developers got their money on their pockets and will just have to move on and might make another meme project.
You have to embrace whatever that's being made by these developers that only wants the money of their newbie investors. They'll die eventually when there's no more volume on these coins.
But the sad truth is that developers got their money on their pockets and will just have to move on and might make another meme project.
They're very promising at first after dogecoin, but see what happen even they all have massive volume in the market wherein seemed very critical as its keep struggling and had a huge percentage itself after massive dump in the market. We should stay away on this kind of coin because they didn't show any sign of improvement and surely soon it will become shitcoin when market crash again in my personal opinion.
The market for these shit coins is going to crash even during bull runs for other tokens because these coins offer no use-case and are totally based on the hype created by them. You may consider them as ponzi schemes where as long as the ponzi is getting money, some of the investors will get their money back with good interest but as soon as saturation point is reached, the ponzi just shuts down and similarly these coins will die.DYOR!!! only to take advantage on one occasion when the first bubble is pumped with great force. not for the long term that's why coins like this become a hotbed for huge profits. regardless of destroying the market or not, I have not really followed the trend of such coins since their emergence until now.
Even for short-term profits, one shall look at other alternative options because when you enter such a market where the coin is being hyped without any solid development behind it, you don't know which moment the market starts crashing. 
There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
delusional investors continue to hope from new coins like this with dreams of getting rich overnight, this is what makes penny coins like shiba and safemoon have a price.There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
I promised myself that I would not buy new coins and meme coins like this because surely I would only lose big.
Jump to: