They are not harming good cryptos because any serious investor will never invest in a coin that calls itself a meme coin. I don't know why traders and investors recently have shown more interest in these high-risk coins because eventually they will become dirt and offer little to no value at all. Maybe after the crazy doge push by Elon, people are just going to invest in any dog-named coin for a while.
Yes, a lot of traders might blame the crypto market after being scammed by ICOs and meme coins but that is the nature of the market, if you are not smart enough no one can save you in such a competitive market especially decentralized. There are tons of coins I see named after some dog breed which is quite hilarious because are people actually so naive that they will invest in anything just because dogecoin was pumped? That is bizarre.
Topic: There must not be more penny coins like Safemoon or Shib - page 2. (Read 285 times)
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.
You and I cannot do anything about it. These types of scams will take new forms but the money of innocent investors is the bread and butter of big whales. Even in the stock market until today, penny stocks exist, which means even until today there are a lot of stock market investors who lose money in penny stocks. If a regulated market hasn't been able to curb this practice, how do you expect an unregulated market like cryptos to curb this practice? It's the money of the investors themselves and it's their responsibility to get educated about their money, So I don't think you or me or even anyone in the community can do anything about it. 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.
Many investors have really lost a lot by investing in all this coins or new project. If I may ask why are we even having new projects now of which many of them are similar to the existing one. Is there anything difference from Dogecoin and SHIBA INU ? If there is no much difference then why need for SHIBA INU if whatever they are out for is same as Dogecoin.
One reason is that doge had gone up already. Dogecoin was a good coin to trade back when its price was less than a cent. If you could just have 1M Doge during that time, you could earn every day with up to $100 a day with a tiny price movement. They are making more of it because it's easy to earn despite the Ponzi scheme of it like this safemoon.
Well, there's really nothing single individuals can do if exchanges don't stop it. We get to buy these tokens you talked about from exchanges, don't we? So, if those buying don't get to see where they would buy, whether on Cex or Dex, the tokens will die off naturally. Again, don't pity those who invest in such tokens. They certainly know why they do it. They want easy money, so they think. Sadly, a lot of them get trapped. It's frankly not any one's fault, but theirs.
On coinmarketcap.com I have added a filter for coin price from $0 to $0.1. I was returned with 3193 coins LOL
Wow, that's a long list. I didn't think it would be that many and they all paid coinmarketcap just for listing. I hope they got ROI. 
It became a trend, I suppose that's the main problem of this. Making coins got easier and the pandemic helped more giving them time to take lessons from Youtube on how to create one.
But we can't stop it. All we could do is stop supporting them and maybe stretch our knowledge to inform more investors that it is not the most wise investment out there.
Sure, it look cheap and you will have billions in coins amount but that doesn't mean the value of it will always go up.
Its bad impacts are hurting investors. They are losing their investment day by day.
Hurting investors who fall into their trap. I don't think they are investors, just fortune seekers with no underlying reason.We have to stay away from more such projects or they will harm Bitcoin.
What can shitcoins do to harm bitcoin? Even years after bitcoin was introduced, new projects with better innovations have sprung up. And that doesn't change the fact that, bitcoin is still better. 
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.
Have you seen how many fans these coins have online? Things exist in nature because of one reason: There is demand, there is supply. There isn't a problem with these coins because there is demand, the problem is about the quality of demand, i.e. people. People invest in these coins because they want to multiply their profits in some days, if not hours. They think that they can turn their $1000 into $10 000 in one week if they invest in these coins.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.
So, this is the problem. People don't invest in coins because they believe in the benefits that certain projects can bring to the financial sector or the community, they invest because of speculation and the wish of easy money. Elon Musk multiplied the number of such people because Elon made shitcoin to worth up to 1 dollar and people believe that shib is a new dogecoin.
Some people were lucky and really profited enormous amounts of money from shib. It's not different from pyramid schemes because the FOMO and Panicky people are the coin holders and the project has zero value.
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.
so if anyone feels aggrieved by the coin, I hope you return to the initial decision of why you dare to bet on a coin that will only last in the short term, because after a big pump the impact will be unstoppable.
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.so if anyone feels aggrieved by the coin, I hope you return to the initial decision of why you dare to bet on a coin that will only last in the short term, because after a big pump the impact will be unstoppable.
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.
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.
so if anyone feels aggrieved by the coin, I hope you return to the initial decision of why you dare to bet on a coin that will only last in the short term, because after a big pump the impact will be unstoppable.
so if anyone feels aggrieved by the coin, I hope you return to the initial decision of why you dare to bet on a coin that will only last in the short term, because after a big pump the impact will be unstoppable.
Just stop investing in more such projects.
Succeeded or not, it is another issue and belong to the future, the market phase, the response of investors, the temporary hype trend.
No DOGE Allowed? Thai SEC Bans Meme, Fan and Exchange Tokens as Well as NFTs. Such hype and risky trend like these will never last long.
Governments, national SECs react with ICOs, IEOs, IDOs and they will react with meme tokens, NFTs. The South Korea is the most serious nation with restrictions on cryptocurrency. After the blazing growth, their governments took actions and controlled the hype, to protect their people from scam projects.
There must not be more penny coins like Safemoon or Shib
No one can prevent their appearances. With source codes, coders can create their clone tokens to join the market. It is an easy part, a beginning of a game.Succeeded or not, it is another issue and belong to the future, the market phase, the response of investors, the temporary hype trend.
No DOGE Allowed? Thai SEC Bans Meme, Fan and Exchange Tokens as Well as NFTs. Such hype and risky trend like these will never last long.
Governments, national SECs react with ICOs, IEOs, IDOs and they will react with meme tokens, NFTs. The South Korea is the most serious nation with restrictions on cryptocurrency. After the blazing growth, their governments took actions and controlled the hype, to protect their people from scam projects.
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.
There must not be more penny coins like Safemoon or Shib
No one can prevent their appearances. With source codes, coders can create their clone tokens to join the market. It is an easy part, a beginning of a game.Succeeded or not, it is another issue and belong to the future, the market phase, the response of investors, the temporary hype trend.
No DOGE Allowed? Thai SEC Bans Meme, Fan and Exchange Tokens as Well as NFTs. Such hype and risky trend like these will never last long.
Governments, national SECs react with ICOs, IEOs, IDOs and they will react with meme tokens, NFTs. The South Korea is the most serious nation with restrictions on cryptocurrency. After the blazing growth, their governments took actions and controlled the hype, to protect their people from scam projects.
One thing that make this shit so special was it has very low price with good trading volume and good price change that's why traders can easily have a huge profit on this very volatile coin. Buying this coin just like putting your coins in future trading without liquidation. This kind of project really destroying the cryptomarket by getting huge volume.
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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.
You are right. Money is handover to such project and after some period of making investment in such project the investor lose the capital. There are lot of project coming with the same format like safemoon. They just wait for a bullish market and launch there project with huge hype in social media mainly in twitter. 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 wonder what's special with those Safemoon or Shib? :-D
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On coinmarketcap.com I have added a filter for coin price from $0 to $0.1. I was returned with 3193 coins LOL
I wonder what's special with those Safemoon or Shib? :-D
I wonder what's special with those Safemoon or Shib? :-D
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.
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.
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