Bitcoin Forum

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.

Even if they give a comeback when market picks up, I don't think they are going to succeed. Because people who are in already crypto realised the importance of utility.   People who are new to crypto should do little research. That's enough for them for not falling in the trap.

 Few funny and shitty project examples :

 - The holders of coin earn for every transaction. That sounds nice. But they need to pay tax for every transaction. What does coin actually do? Nothing. They will say they make it as alternative for bitcoin. Oh really, with 15% tax on every transaction + gas fees, people really think your shitcoin is alternative to bitcoin

- Charity tokens. These project want to donate for good cause. That's really good intention. But how does money come? They get it by selling coins. They sell it by saying they can earn by holding and staking? How? Again buy and sales tax comes into picture. Without proper utility how does it can survive?

- Gaming token. They don't even have game yet. But they release the tokens first. We can understand they are using this tokens as raising for funds for development of game. But they don't even have a prototype. They just have a nicely edited video. Those game concepts are very silly. They don't expect whether people play it or not. They expect holders of those token to play. (I listened this dialogue from a project owner in a AMA).  Holders of the coin should invest in the project. He says holders will play as their money is involved in the project.

There are many other shitty coins. Hundred different concepts. None of them has proper utility.

Hope its a end of those shitcoins.

I don't think the number of shitcoin projects are declining because there's around 21K coins right now on CoinMarketCap, few years before it's only 2K. Growing up from 2K to 21k for few years is really a huge number difference.

I think Shitcoins hype start since 2017 which is already 5 years right now and there's nothing changed so far.

Although I really hate shitcoins, but I don't see any sign shitcoins era will going to end.

Until everyone realize decentralization and privacy is a big concern, shitcoins era will end ASAP.

He was referring to the alt tokens that revolves around on the charity and games which was a hype because of Axie - NFT game and the charity was probably because of ShibaInu when Vitalik donated his coins to India for the covid situation.

Almost everyday there are people trying to shill these coins that they are the next big thing without even concrete plans or product. Its all just empty promises and most of the time they end up as rug pulls.

The weirdest thing that i have ever seen from shit tokens. we are getting charge by the blockchain to did an on chain transaction and then developers are also charting fees for our transaction with a very huge amounts of tax. These developers are scammers.
They didn't know how to make revenue from active product that can be used to burn the token. The developers that developed this kind of token was scammer

can't agree more, theay are spawing like crazy but i don't thinng shit coin era going to end, they are less spawaning right now i thing it's obviusly because bear market, anyone suffer enough from bear market and any sane investor wouldn't risk their money in such cash grab shitcoin, i believe as soon as bull market start they will start spawning like nothing happened.

I think this argument is obviously right. Meme coins who mock even itself may keep on going but most shitcoin projects that showed themselves as something good died or will die. But yet I don't agree with one thing. I think gaming tokens aren't shitcoins. There are many uses for gaming coins if developer is important one and if game is good. Costumes items themselves are whole digital market. So I think games will keep on adapting Blockchain tech and use alternative coins.

I hope they will put an end but what is really happening now is that they are even growing more. I think we have no way to stop these coins, more developers to come and create another bunch of shitcoins. if you have seen 1 shitcoin per day before that has been created, you'll be somehow expecting to double its numbers now and that be more in the future. And you know why, this is because these scammers will make use of this platform to take advantage of these greedy people.

It is true that in every bull market, too many altcoins have been made and most of them don't last long. Because just after the bull run, most of them start to die and lose popularity. The entire market is experiencing a roller coaster so, they can't depend on those investments so most investors of it start to dump before they even do it. The devs are already on their way to dumping what they've made, this is becoming a cycle for those devs that have been on this market and getting quick profits from the newbie investors. Someday, most investors will only rely on a very few cryptocurrencies and many will stop believing these shitcoins.

if you want the real answer

shitcoin will never end from the beginning of crypto till the end of the day shitcoin will be there and the dev of it will make it again and again and again.

since the developer will get rich from it why not creating a new one

people are always looking for a new gems or new coin that can move bitcoin from the first position but believe me it's very hard to find even you found a project that looks promising it like you want to change google the king of internet out of internet

As much as we wanted to remove them I dont think it will lessen as other people keep investing on those shitcoins expecting a multiple gain reward from pump and dump. Id still see a lot of nrw sproung shitcoins and they are always on the green mode when they launch. Meaning people still love doing shitcoins. Yes utility is also good but nowadays due to recent bull market people become so naive that they expect to get rich easily with shitcoins.

There will always be shitcoins and there will always be people who will be attracted to invest there in trying to fulfill the motive of diversification and in trying to reap the benefit of investing early in a coin. People who seek to make profit by defrauding people to invest in these shitcoins will always exist and devise new means to make their shitcoins enticing to new investors, that unfortunately is the bitter truth. Shitcoins may reduce, but I don't see them ever going away.

Even though the bear market is a bad thing overall of course for everyone that is involved into crypto and that is holding some crypto assets, i agree with you that it also brings some positive developments with it. As you already said, now during the bear market the flood of useless shit-coins that get created each and every day has slowed down immensely, which is a great thing. I still remember a few months back, during the height of the bullrun and the meme-coin craze that literally hundreds of those shit-coins where created each and every day. That definitely hurt the market overall and was also one reason for this bear market. I hope the meme-coin craze never comes back.

I'm even grateful that the shitcoin era will end, because there will be a lot of bad projects that will be removed from circulation,
especially if Coinmarketcap only lists tokens or coins that have good fundamentals at least have activity on social media,
that's what they have to list there, but indeed now there are still many coins or tokens that are listed on coinmarektcap every day, even now there are very many shitcoins listed there.

I'm pretty sure shitcoins are not going to end. If we agreed that the definition shitcoins is a coin that has no utility, some cryptocurrency that exists right now could be categorized without an utility, I can safely say Dogecoin for example. An absurd economic mechanism is the trait of shitcoin you mentioned, but bear in mind, that those kinds of motives will evolved and rehashed in another year yet to come.

And I don't think most people in cryptocurrencies communities are solely here for the utilitarian aspect, nor we can force people to use any token or coin for the utility factor. It might a reasonable thing to do. Nevertheless, some people just want to have fun, either playing with shitcoins or creating them.

I do not think that shitcoin era will end. It will never be as awesome and grand as the original era of Bitcoin but it will always exist. Why? Because the benefits of blockchain can be individually programmed into a something that a certain business needs. Some businesses do not care about POW but would rather have POS. Others would rather treat their coin as a SNFT. And some want to create an entire ecosystem bubble for themselves and for their project case uses.


So saying there is no need, is not right. But it remains to be said, unless you are the one bringing something new to blockchain, investing in Bitcoin would probably be a better road to take, financially.

I’m sorry but no matter if there are new, innovative & evolving projects in the space, shitcoins will always be there and it may not go away anytime soon. It’s not going to end, it’s just there and will remain to exist no matter which blockchain are they minted.

Of course, there’s what we call short term, mid term and long term shitcoins. However, short term is the most common one because they only got momentum for weeks or just 2-3 months before the whales or traders gonna dump it (or devs might going to rug pull at some point).

There are many coins and tokens that are way down below their initial value during the ICO or so, and most of them aren’t developing their products or so. However, we do acknowledge that there are projects who are still operating normally like a business even if their respective native tokens are way below its original value.

well, that's the ferocity of the bear market, many large crypto projects have also collapsed, especially those that have just released will certainly experience a very sharp decline and even not worth anything at all, usually shitcoin projects always come when the market is bullish, they try to attract people's interest to invest in their project even though their project doesn't have the right utility, not a few people also lose money on this shitcoin project especially there are also many coin memes out there that become shitcoins

It depends on your understanding about shitcoins, do you know that Doge coin was once a Shitcoin? Years ago if anyone give you advice to invest money on Doge coin you will hear people saying its Shitcoin do not invest, the same transpired with Shiba inu, the era of meme coin or let say HYPE is over, I don't think this will do so well in coming future but there will always be copy cats of trending use cases at the time, that's where real shit coins are born.

That is why it is difficult to predict the crypto market because every year is different,
scammers always have a way and indeed for shitcoins of course when it is bullish it becomes a good time to invest,
we know that shitcoin is very risky and with bear market conditions I think it would be reckless if someone invests in shitcoin

Dogecoin is no more a shitcoin especially after Elon Musk has started promoting it. Right now the price of dogecoin is down (along with other coins), which does not mean that it is shitcoin. The coin will grow once the bull market resumes.

Also crypto market is very new and a lot of new coins are developed every day. A lot of these coins would be shitcoins but since this market is new, people will keep investing in the shitcoins too. The era of shitcoin won't end unless the crypto market matures.

We must also be smart as time passed by in determining scam projects. There were so many altcoins now and even before that seems to be just a copy of another project, some didn’t have any real use and value. In time only those top altcoins and uses in the market even in physical life will have it’s value. We must already learn from ICO, IEO or Defi that gets too much hype that many projects arrive and become scam. We must study well  where we invest our hard earned money.

I thought there was a reason why they will end upon reading the title.
Sadly, it won't end and I will vouch for that. Many developers will do the same trick hoping there will be stupid investors who would bite their traps.
It will happen a lot of times as long as creating a smart contract is too easy.
They don't even need a whitepaper, a good project, or a team as long as they can hype it in social media there will always be buyers that would support their scammy ideas.

Since so many people come to this market who want to get rich quick, shitty coins will not stop appearing. Fraudsters will always try to be like the most popular projects. There are still a lot of projects being registered that are related to the metaverse, but most of these projects will be scams in the future. The same can be said about many NFT projects.

Been around for a long time.  Long enough to see multiple cycles.  Just wait for the next bull cycle and ypu will see these altcoins (not the same ones but new ones) reappear out of no where.  Greed...that's it.  People will drive the price high on all of these for no other reason than greed.  Until greed leaves the market alts will stay, and greed isn't leaving so get used to it lol.

The creation of shitcoins never ceases to exist.  Every day there are lots of shitcoins created and even though many of them are DOA, many still are able to establish its community and last for years.  No matter what the market is may it be bear or bull, shitcoins developers continue to produce shitcoins with an aim of a money grab.


They are created to fail, that way after the shit developers amass a huge sum of money, they are free of responsibility once the project got doomed.




Only a few of the existing cryptocurrency have utility, that is the sad fact, IMO.

During this bearish era, many shit coins will be falling down and going to be dead.
But, does it mean that the era of shit coins will end?
I am not sure about that. For, there will be many more new projects created and going to be shit coins, moreover new projects that are raised with the hype, they will commonly be shit coins.
because of this pehonmena, we must be aware that being carefful is not enough, we must be also smart in choosing the crypto for invetsment. Never end with the shit coins

shit coin will never end, in the past there were many shitcoin trends in different name, right now it's meme coin that's basically just shit coin, you just never know which trend from shit coin that's gonna appear in the future, moreover even meme coin that's basically just shit coin still gonna be there maybe for another decades.

Shitcoins wont stop until people stop buying into. Thanks to our celebrities for promoting dumpster fire coins and obvious scams and also its easier to get your coins listed now compared before.
People can buy services to get their tokens minted and listed on dex exchanges this is why people no longer have interest in long-term projects are just set into buying shitcoins hoping for a quick x2-5 return.

Actually, you don't have to stress yourself if there are shitcoins playing around.

If you don't like them, just ignored those and just focus on what you think a worthy coins.

And besides, since when does shitcoins do have their own era? I don't remember shitcoins having a good run since then even those famous ones.

These days it has turned to be more common for the celebrities to promote projects without thinking of its outcome. All they want is the money. People only needs to have awareness than simply falling for the words of the celebrities.

Whenever there is talk of big return we should do more analysis about the project. A team will focus on growth, but it will never give words of certain level of growth will be achieved for sure. When someone promise for it, careful investing on those projects.

Tell those gamblers to the shit coins to stop buy more and more shit tokens for gambling purpose. As long as there will always be people who gambling with the shit tokens and im not feeling doubt if the shit token will always exist no matter what happened with market.
The problem is there are so many gamblers., If these gamblers are not buying shit token and then shit token will die

If buying shitcoin can be stopped then of course it will be ended but is it possible? Because new coins are constantly being added to the market. I saw a few days ago on coingecko.com that there were only a little over 12k coins but today I see it is over 13k+. Gambling is done by these tokens. Again most people invest with having the awareness. They just consider it as the winning lottery. So I think there is no way to stop the shitcoins.

True, This cycle will never end. I meant we must aware with this cycle that happened since a few years ago. The fact that if new shit tokens will be coming as a replacement for another one who already dead. The scammers will always creating more and more new tokens. Since the protocol was decentralized and there's no way to stop them all. Thinking about the era for shittoken will be going to end as soon as possible is pretty naive. It's caused by the trust was saying the opposite thing.

I don’t shit coin eara will be end, we can't stop to come such projects in the market, because some people try to make money 5x-100x by shitcoins investment, sometimes they're success but mostly people's lost their fund, because all of the projects aren’t shiba inu, where early investors got big profit. Market is bearish so that mostly shitcoins are going dead but those are waiting for the bull market.

need long time for market to recover investors trust about shitcoin after Soo many shitcoin dying now. Maybe investors Will thinking many time to get it, i am agree with you its truely be speculation purpose to get multiple gains in short time. Alot people want get their luck just like in Shiba ibu project, but fact said different.

At the current state of the cryptocurrency industry, I do not think it is possible for the creation of shitcoin to stop.  There are still no regulation on how crypto project is created.  I think it will be minimized if the government intervene and requires cryptocurrency start-up to be registered  other than that, I do not think there is any solution to stop the shitcoin era.



True, they are constantly created, sometimes I got a hunch that most of these shitcoins are created by some group of individual, taking advantage of trend and hype in order to confuse and make a money grab on the unsuspecting investors and newbies.

As long as the crypto industry continues to exist, shit coins must continue to exist and also scam must continue to exist. Shitcoins/scam coins are not complementing or accompanying the crypto industry. They are part and parcel of it and will continue to exist as long as the industry exists.
It seems it slowed down because of bear, it will remain this way until after the halving, you will see another phase of shit coining.  What is required of everyone is to know the direction they are going and stick to it if it's reliable.

No, not today, even in few more years. This so called shitcoins are the ones sometimes firing up the boring area of crypto. Where it indirectly influence people to trade other shitcoins and grows hype to the crypto community, although it's only temporary, it will burst later on.
Also, the bad side of it. Where the whole community is attacked because of on X project scammed it's users or the platform is hacked.

Because bitcoin is always be bitcoin, no more feature it can possibly be added, people only getting hyped when a practical BIP is introduced, and getting hype from influenced people or some specific country's government decision.

As long as the bull market returns, new shitcoins will appear again. I think it doesn't take time to restore confidence, for old investors, they are familiar with shitcoin and there are a lot of people willing to invest in it as long as it can be profitable for them, they know its risks but they are willing to invest. The newbies, who like to get rich overnight will be attracted by the huge ROI of shitcoins generated. It can be said that shitcoins will never die, they will always be on the market, it is a shark's favourite enrichment tool so don't expect them to disappear forever.

We will never see an end to new shitcoins. It is too easy to launch a new coin anonymously and then when your token goes to zero you just launch a new token. There is always some influencer with no shame who is willing to promote even the shittiest of shitcoins. There is always somebody willing to buy these tokens so the motivation will always exist to keep launching new tokens.

shitcoins is eternal since it's the incarnates of scammers, it will always appear in the future, it's just the current trend isn't really suited for these scammers in scamming since mostly people are holding from investing which means lack flow of investments therefore the scammers consider this isn't the right time but see the next bullrun the shitcoin will be appearing again and there will be many rugpulls again, it's better if the newbies start learning that shitcoins isn't really investments it's gambling.

It's going to end in a few years now we will hardly read new coins without utility that is being launched, investors have enough of these shitcoins with only whitepaper to show to the community, without a model platform but even if they have a platform or utility it should be something that majority of the community can use and benefit, there are so many useless platforms or copy cat platforms, the market is saturated with useless platforms that investors should do a lot of research in these utilities.

Buyers will try to use everything to buy the tokens to get fast profit during the bullish market. People didn't care so much about what kind of token they bought. The whales will be also pumping the shit tokens when the bullish trend will come. The shit coin era will never end.
Even if the shit coins are dead and it doesn't mean someone with bunch of money can't pump them. The dex was available forever.

The main target of investors is certainly profit, they do not care about the token whether to have the potential to skyrocket in the long run, and in my opinion this is natural because anyone who invests in cryptocurrencies is aimed at profit

however, this is a normal business but it can make a lot of money for those coin makers. just make a small project and make their community big. trying to hype their token. and quickly I guess developers can benefit.
those who are inexperienced may find it difficult. but those who have tried it and succeeded will continue to make scam projects with their shitcoins.

Yes, that's correct. The presence of shitcoins can tempt new and old people to invest and hope to get big profits. But those who are experienced and can know which coins have potential or shitcoins will not choose these shitcoins because it is of no use to them.

They will not try to invest or if they want to invest and forget about it, they just use small money and don't expect much.

It was increasing drastically. The scam tokens were inflating so much compared to the a few years before. It's caused by there are more protocols that makes token issuance become even more easier compared with before. that was also making the total tokens created by scammers are also increasing a lot. Im not feeling surprised to see this happens with it. it seems like people must also aware about that the era may not end soon.

At the same time, 12,000 #crypto projects have ceased trading this year, Nomics reports.

Source : 12,000 #crypto projects have ceased trading this year, Nomics reports.

I am not saying shit coins will end permanently. Even if scammers find it lucrative, Investors doesn’t play dumb role always.

Everyone is hoping to have it though. But to see what is going on now, we instead see them growing and multiplying more than I can say was impossible. Might soon their numbers will down and developers will get tired of creating worthless projects but we can't also neglect the possibility that one day these legit projects will turn into scams or worthless, just like what happened to Luna. Whether we like it or not, shitcoins have been a part of crypto since before and it will only be totally gone once the entire crypto market will die as well.

To be honest, I find this quite normal, as the number of layer 1 and layer 2 projects has also seen a significant increase, so it is understandable that shitcoins have also seen an increase from there. And the number will continue to increase as the market expands, the more popular the cryptocurrency, the more new people join, the more shitcoins projects, scams will follow. This is unavoidable, there will be no way to stop these shitcoins as this is an open market, free to grow. we just ignore them and only work with potential projects.

I highly doubt that I mean there is a decline right now but still they keep pumping out those coins days after days and seriously dont forget more dogechains and shibchains are coming and they are going to support lots of memes and they will have a dedicated L1 for their activities and that mega memes to me I dont for once think they will stop maybe just improve and get utility

The crypto market is extremely vulnerable and weak these days specially with all this shits going on. So sad, I'd like to believe that shitcoins is temporary and it's about to end soon but the way things are proceeding, I can't help but fear that it would never happen. As long as there are legitamate projects, there will also be pitiful projects. The only way to protect yourself from this possible risk is to learn everything about the market, so you can better distinguish between real projects and those that are just scams.

Very crazy how they come up with silly ideas without a solid foundation and yet expect the project to succeed.
Some even have crazy APY, promising investors of getting millions of dollars when they invest $1k.

A good project must meet a need or solve a problem. You don't just wake up and create a token without a use-case, it will fizzle out within weeks.

I am still some shit coins that will never grow again, why because the dev have probably abandoned the project.

With so many coins available, we also need to be extra careful in making decisions to buy coins,
scam tokens will never disappear so we can't avoid completely,
coins will also continue to grow over time

Strange to hear about it as Shitcoin era is ended haha really is there was any era about Shit coin i dont believe it the shitcoins are like the air 🌬️ disappear without leaving any sentiments except for the Cooling Effect haha i like it. As cooling effects in the hot summer but this year summer was too hot 🔥 due to Bear attack.

Shitcoin will always be there in every season and will never die I think, because shitcoin is not regulated in the cryptocurrency world,
it is easy for everyone to make their project, even now there are so many memecoins in the crypto world, we can't prevent it but we can avoid it by not buying shitcoin.
because if you are desperate to buy shitcoin and you hold it long term then you must be prepared to lose your money.

This bear market plays a huge role on many of these shitcoins existence. It may look like many of them have phased out due to lack of volume but the moment there is a reversal in the overall market,  more shitcoins will be created.
Even the most solid projects are not finding it easy during this bear market let alone shitcoins that are solely base on hype and nothing else.

Now everyone who is not lazy is trying to create their own projects, which, of course, have tokens. But these are such projects, basically, from which there is no benefit. And I think that they will not succeed and it is unlikely that this will stop in the near future.

I don't agree that the end of the shitcoin era has arrived. Shitcoins are gaining momentum every year. Every year more and more such coins appear. Just look at the statistics of dead coins that appeared in 2021. The growth is fantastic, and it will continue to grow.

Shitcoins are an integral part of the crypto market. And they will keep popping up until the crypto market is regulated, similar to what is seen in the stock market. Even with their level of regulation, though, there is still a category of stocks called junk stocks.

Agreed, every year there is growth with the shitcoins available in the market and more new shitcoins are getting launched. The luckiest will get an opportunity to invest and experience the profit, which is the major thing that keeps common cryptocurrency users away from shitcoins. As mentioned, when cryptocurrency gets regulated existence of these coins will decrease as they won't meet the criteria to enter the market.

I think the same as you, I would love for shitcoins to disappear this very moment but this is not going to happen, people love to speculate and to try to earn a lot of money quickly and since coins like bitcoin or ethereum move too slowly for their tastes then they try to look for alternatives, and shitcoins are there to fulfill that need, after all we need to understand that shitcoins as much as we dislike them have a reason to be and if there was not demand for them then they will not exist, and since I believe such a demand will always exist then I can easily guess shitcoins will keep existing as well.

We have 21k shit coins to keep steering at for some time, and even this number will change very soon because as long as the cryptocurrency market exists, shitcoins projects will ride along with the trend.
In as much as we hate seeing them, we can clean them out of the market just like that and for a good 5+ since the altcoin boom, this trend of constant growth of shitcoin has been increasingly high.

This is a decentralized market which you cant really stop those scammy developers on keep on creating those shitcoins continually and hoping that they could really snip out tons of money out of those newbie investors.
We cant really make these shitcoin era to end up because as long there are people who do really support or buy these shit tokens then the cycle would continue.This market would be flooded out by lots
of coins in the market and this is what makes even more harder for us to deal up on making investment decisions.Be careful on choosing which project you would really be investing.
Lots have lots money due to these shit projects been flying around.This is why research on everytime you do have plans on investing.

It is impossible to expect shitcoins to disappear, because as long as there are people who think that they can make big profits in a short time.
Then there will always be new projects without utility and will eventually become shitcoins, so as you said for some reason shitcoins are always there.
It's true that a lot of old shitcoins are dead and have no demand, but there will always be new shitcoins to replace them. In the end, Shitcoins will
always circulate in the market, that's why for newbies I always suggest focusing on investing in top coins, because investing in new projects has
a high risk. Because there are so many new projects that have the potential to become shitcoins, that's why investing in new projects is only
for people who are experienced and have good analytical skills.

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

I remember that in the year 2017 it was just the beginning of this time that cryptocurrency was becoming trending by releasing new projects via ICO, many were giving giveaways at this time. And just before the end of 2017, altcoins exploded and most of them were shitcoins I can say.

I also think that shitcoins will never disappear from the crypto industry in my opinion. Because, as long as there is money to be made here in the crypto space, the number of shitcoins in the market will surely continue to increase, so everyone should be careful and wise in choosing altcoins to buy.

I don't think it's that easy. of course they need a community to support them.
usually they make airdrops and other campaigns to support their tokens can be more crowded in trading.
maybe 1 year won't go wrong, but the next year when more and more people buy and invest. we can see the price gets dumped and then the developers run away.

That's why it's very hard for me to jump into new projects with all their fake promises, during then I understand it was very difficult for projects to succeed because they can't truly withstand the dip and ended up folding but what they does is that once the market changes direction they will rise again with another new format of deciption to attract people to invest on their project while they go away with your cool cash.

Yes scam coins will always exist and it's impossible to wish it didn't exist,
we as traders or investors can only avoid even though it is not an easy job either,
most importantly we must always be careful

That's the problem. People are investing in this kind of scam coins and they lack of researching on what they are investing with.

And there are a lot of shitcoins but some of them will be worth to invest if they will have volume or whales are playing their value.

This is because the developer relies on chat in Discord or Telegram to motivate people to buy, sometimes they are large in the hope that they are followed by other buyers but this will not last long because after capital or budget has run out then they immediately sell in the market.

Maybe you just see many of these altcoins die and you will think that was an indication but that is not exactly what happen. Considering the current bear season, you can really see a major drop off of shitcoins but don't get surprised that more of this kind will pop up again during Bullrun. You could realize that these scammers/developers were not getting tired of doing this. And you can't expect shitcoins will totally vanish in the market but surely they come and grow again.

i mean shilling is not a new thing in cryptocurrency, in fact shilling is quite common and not only shit who coin doing it, well everyone who buy shitcoin they are sort of like gambling they buy in low and wanna quite asap before crasf in hope they profite some penny there some of them become too greedy and  just watch their coin pump and not take the profit and ended with regret in live because that coin became dusk lmao

Exactly, they just stop spawing because current state is bearish, i mean who the hell even wanna buy shitcoin in bearish season even top coin like btc and eth drop really high, there no reason for them to buy such crap coin adn the shitcoin developer/scammer know that, just like you said they are will spawn again like crazy in bull season.

Yes, it's true, that they can't be lost, they will definitely come back maybe even bigger numbers will come. Today it looks like there is a decline but it's not that they don't exist. One of the reasons is the current market situation so many people are focused on price movements and don't see the movement of shitcoins. Scammers will never disappear from this cryptovurrncy space they will quickly adapt to the current trends.

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.

Creating a token takes about 10 minutes, that’s the problem that we have. We are going to see a ton of shit tokens because they are so easy to make, and if you spend a bit of money and find a good angle to create a new token, you could literally make millions of dollars from something shitty and this results with people doing it very easily.

I guarantee you that if you have 50k dollars, you could turn any shitty thing into a million dollars profit, and you are telling me that it’s not going to be done by people just because they do not want to hurt others investments? Nobody cares about our money, they care about how much profit they can make.

Shitcoins exist in all formats of cryptocurrency and it is really tough to stay out of traps. Some might experience the goodness, but it is simply hard to understand and make an investment. Recently during the death of England Queen Elizabeth II, immediately after her death news more than 50 memecoins got developed and some even gained good volume and growth in the price.

Shitcoins are mostly situation based and it is good to try your luck with what you can afford to loss.

I don't know about this thinking. Did you mean that we need this because of short-term profit and to become rich instantly? How about if they fail before it happens? I'm not sure how you can afford to take risk investing shitcoins which literally you don't have any assurance that will give you back at least a small profit but probably losses.

What we need is a sustainable market project like Bitcoin and ETH, not these worthless coins that only ruin the image of the market.

This is quite a terrible trend in crypto. And I'm just sick and tired of it. Stupid and worthless shitty of shitty coins popping up every now and then, and clogging up the market. And malicious characters utilizing the opportunities

the dilemma in this market is there will always be newcomers. thus, they are the ones prone to getting involved with this crap. i can understand that some here already learned their lessons. and slowly, people are understanding that this type of coin is not worth investing. however, you can't get rid of the fact that there are some people who will try to dip on this coin because of the hope that they can get high returns at a short period of time.

It's true that ideally we don't need shitcoins to trade, which is a very high risk. But don't forget where high risk usually has the opportunity
to generate large profits too. Because if we have good analytical skills and are also experienced in the crypto world, we can make profit from
shitcoins. Usually, whales use shitcoins to make pump and dump, so they manipulate the price of shitcoins to create hype. That's why we often
see in the market for no apparent reason there are shitcoins that suddenly pump very high.

So shitcoins will always have a demand and it is impossible to end, especially there are still many newbies who often buy shitcoins, because
most newbies make decisions based on other people's opinions. While some influencers will take advantage of newbies to be able to generate
profits by promoting shitcoins. So it's best to avoid investing in shitcoins if we don't understand the crypto world and are inexperienced,
because indeed the risk of us losing money is indeed very large if we invest in shitcoins.

There is a paradox in the market that people always want high profits but are afraid of risk. They don't want to invest in bitcoin because they say it no longer gives them high return, but when they invest in altcoins, shitcoins they are afraid of high risk. There are many people who are too greedy and often those people will not be able to make a profit in the market.

Just like human society, to develop, society needs this person, that person, so is the cryptocurrency market, to develop and grow, bitcoin alone cannot build a market. Shitcoins not only won't die but it will be an important part of the market, just because you don't like it doesn't mean others don't need it, everyone's taste is different.

That is very unrealistic that "shit coins era" is ending. Until there will be greedy and naive people, until people believe that they can get rich without even placing a tiny effort, there will be shit coins. Another  prove of endless "shit coin era" is the simple process of creating a token or coin in cryptocurrency. It takes minutes to create a token, it take an hour to create a webpage and whitepaper to start acting like a serious project. Availability and simplicity of cryptocurrency are the ones that will make "shit coin era" last forever.

Thank for sharing information like this, I was a victim in first and second on investment without making a proper research on the coin for they utility, which many of the coins end up been dumped during and after the bull run market, and that really teach me a lot of lesson in crypto investment to make  proper research before invest.

I agree, but there are many problems to be solved. For example, the problem of decentralized exchanges, which are not regulated by anyone, but where the most junk coins appear. If these exchanges fall under some serious jurisdiction, such as the U.S., then the amount of various garbage there is minimal. But most decentralized exchanges do not belong to such jurisdictions in any way, so there appears various uncontrolled anonymous trash, which aims to make money on naive investors.

When the market bearish that has happened almost a year certainly makes many shit coins die, especially the Shit Coins trick is a maximum pump of up to thousands of percent so that it becomes trending in Coinmarketcap and when they get victims, they immediately sell.

not all thers have crypto still good for long term like caw inu. idont know if its is shitcoin or memes coin. but this coin is still active by community caw inu is the dream hunter.

Yes and no. Newer blockchains are enabling the easier creation of tokens (IOTA shimmer and ICP) but even though it is easy to create tokens now, getting listed on price trackers and exchanges is getting harder and harder.

I was really surprised to see the website from CAWINU, is this really the website? caw.is?
if it's true this is a shitcoin website that is really shitcoin,
I don't think they want to show CAWINU is the best project even their website is not well developed,
avoid tokens like this because the future is very bad.

any inu coin is meme coin essentially shitcoins, meme coin could have active community because mostly they are seeking for the fluctuation if it's the innovation and development in general they don't even care since what they seek is making multiple return of investments and definitely isn't long term holding of their coin, they just want get rich quick scheme.

The same shitcoin scheme still lasts until now, I see no change at all. Although the number of shitcoins is decreasing, I doubt if it is a sign of the end of the shitcoin era. As long as there are greedy people with careless behavior, the shitcoin era never ends. And we know that greedy people are always there, it is the reason that shitcoins stay a long time. There are still many careless people who put their money in shitcoins, it supports shitcoin exists.

Anyway, what did you find out from your observation? Do you have valid data about a decline in shitcoin from coinhunter, coinvoter, or gemfinder?  To be honest, I doubt they can classify whether shitcoin or not. The definition of shitcoin can be varied, for example it is about meme coins like Doge or Shiba Inu. Some people consider Doge and SHIB are shitcoins because have no clear fundamentals, while others think they are legit coins since they are a part of top coins now.

I hope it's for real because of these shit coins, many people are fooled and lost their money some have lost their lives due to getting scammed by these shitcoins owners and they are living in misery because they used all the money that is supposed to be for their future, in other words, their savings.

But this is far from reality because not only do we have huge numbers of shit coins nowadays, but we also have some shit NFTs that are adding to the problems of scams and fraud. If only creating coins and tokens is hard, like you needed a license to do so, these numbers of shitcoins will drastically subside in the upcoming years.

Shitcoins are born every day in this space, and it's like gambling. I have left shitcoin alone, a lot took my money and I don't want them to take more. At the end of the day, people would realize they should have bought good projects for the future with the money they lost to shitcoin. 2017/2018 pattern is at play again, in quest for quick relief money, you end up been burnt.

I really don't think shit coins are reducing, Infact it would be almost impossible to come to the end of shitcoin in the cryptocurrency market. This is because of the ease of creating altcoin especially through smart contracts and the ethereum blockchain and binance smart chain tends to have the highest number of these tokens.

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.

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.

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.

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.

 
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.

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 (https://bitcointalk.org/index.php?board=83.0) 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.

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

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 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.

What I'm surprised about is that even though there is already such a thing as an audit of a project,
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.

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.

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 Shitcoin really disappears from the cryptocurrency world,and if that happens I'm very grateful, but it doesn't seem possible,
because cryptocurrencies are decentralized meaning no one is regulated, and will certainly be a threat.

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.

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.


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.


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)

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.

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

^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.

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://bitcointalk.org/index.php?topic=5416858.0

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.

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.

maybe the period will still be long and could be until next year, what is clear is the bear market will continue to last until the end of this year. so it is certain that the shit coins that are not able to survive will multiply, even they will die by themselves. many will let go and many will even consider buying, no one even wants to just hold on to it any longer. but still there are those who are able to survive by having to continue to provide incentives so as not to be abandoned by investors, but the question is how long they will be able to survive!!! we can be sure when the bull market is still not visible, of course it will still be a long way to get there

I think 'NO' the era of bullish starts very soon, with employment dropping because of the pandemic, people certainly looked at other sources of income, and crypto came as a blessing in disguise in 2020.But that doesn’t mean this enthusiasm will soon fade away, the recent reopening of towns and cities after a major lockdown, businesses have started to open up and working fine with high demand. This bull run marks the beginning of greater things to come for the crypto market. With greater adoption by institutions, countries, and individuals alike, crypto would be a part of the mainstream.

The ironic part is that big players who are benefited by such tokens are swaping the profit made to bitcoin as soon as possible, while most investors lose their money holding priceless coins.

Once the demand for cryptocurrency rises again we will see many new projects and concepts being launched. Developers are just waiting the right moment for that, because if they did it now, it wouldn't be profitable for them, as they know there aren't many speculators around at this moment to pump their tokens and create hype.

Yes, there are still people who are going to fall for this trick, think that shitcoins is the go to make money and become millionaires quick in this market, but it is a wrong mindset and for sure it's going to bite them in their ass.

And so this is cycle is going to continue, developers created a meme coin, and then market it to be the next big thing. And then noob investors believed the hype throw their money. And as we have seen, or what history tells us, this shitcoin dies and then another one pops up immediately.

On some network, is almost free to create a coin and this cheap altcoin creation mechanism is one of the major reasons why we have so many shit coins around the market today, so if you say the presence of shitcoins are diminishing from the market, I will have a contrary opinion on that. I think shitcoins are becoming more and more popular by the day but the thing I see that has reduced is the level of investors they attract since most investors are now knowledgeable and can now make a better decisions.

this is only temporary, once there's bullrun that comes, the shit coin gonna resurface again and would definitely try to scam many again, this is the thing with shit coins, it's always seek the right chance in scamming people out there which of course gonna results in so many people losing money because people are greedy in general.

As long as shitcoin can generate hype, can generate big profits in short time, its era will never go away, shitcoins always come back and get more crowded every time the bull season comes. Although shitcoins causes many problems related to scams or investor losses, it also creates hype, generating attention for the crypto market. Thanks to the hype of shiba last year, the market has also attracted the interest of many new investors from other markets, this is also the other side of shitcoins.

This is an open and unregulated market so obviously shitcoins will continue to exist and shitcoins are now part of the market, it brings diversity to the market.

Whoever it is before investing in shitcoin or a new project think carefully because the risk is big,
indeed not all new projects are scams but it is also not easy to find a really quality project,
the top coin is indeed the safest choice

Well everything has it's timing and as of now, It is proven that the best time to release a project development results is before bull market arrives, This creates a good traction with the project and developers will be more active since they are gaining feedbacks from their works and obviously they will sell especially if their project is aligned with the trend. We all should be smart in investing and finding timing on our investment, We all want to get profit right?