Bitcoin Forum

Has anyone blacklisted any altcoins recently?Share your blacklist! Let's help each other steer clear of trouble！

When there are thousands of altcoins, it is not possible that I can blacklist all of them because they are too many and most altcoins are shitcoins, just only few of them are good but they are highly volatile. Their volatility makes them very risky to invest in. And one thing I hate about the altcoins is that they are not getting to all-time high.

I don’t buy anything that has a ridiculously high supply cap. Also not strictly altcoins but it comes under the same subset of investment types - NFTS. What a scam they are, I’d never buy one, they’re so obviously a big scam it’s untrue. NFTs are just a big money laundering scheme, the big guys selling bidding on their own NFTs, wash trading to clean up dirty money.

I don't even research thousands of altcoins and I'm not willing to blacklist any altcoins. I can only choose from top 20 alt coins for investment. From these top alt 20 coins invest in whichever one you think is suitable. Besides, there are some coins outside of the top coins that are interesting to invest in if you research them and find them suitable. Investing is basically a personal choice, you have to take your personal decision to invest in altcoins because they are risky, you will take your money and no one will calculate your profit and loss.

It is true that crypto market is not immune to scams and risks. Overtime we have witnessed many scams including major collapse of LUNA and FTX where investors lost their life time savings. In my opinion investors should avoid putting even a single penny in them. These flagged coins include OnecCoin, BitConnect, LUNA and Plex coin.

It is important to be cautious and vigilant while investing in cryptocurrencies to avoid potential losses.

There are so many altcoins that I can't mention one by one, in this case everyone will not blacklist one of the altcoins unless the altcoin has harmed them. I will choose the top altcoins that have a lot of popularity to avoid big losses, thousands of altcoins we can't say which ones we should put on our blacklist.

I don't have any blacklisted altcoins since they just come and go after that I just simply ignore or decide not to have them especially if I know that there's nothing to get or even there's no chance for that alt to get a pump again.

But in case of taking precaution discussion about alts then provably I am avoiding those meme coins especially if they already exist for long period of time even if they are listed on big exchange since we don't know if we can able to get something from them since I'm afraid that by the time we are going to decide to put up some money to those meme coins then they would start to leave on the ecosystem and pull of the rug pull scheme which has been played by a lot of scam devs for so many times.

Certainly, there are many thousand of worthless tokens with no considerable and utility listed on coinmarketcap. Generally, the red flagged exhibit characteristics such as lack of transparency, unrealistic promises , low level of liquidity and poor communication of their teams with the community. It is prudent approach to avoid such coins/tokens and stick to mainstream cryptocurrencies such as, Bitcoin, Etherem Solana, XRP and other coins within top 20 coins listed on coinmarketcap.

Any tokens where I sense the developers are greedy, I won't touch them, low float is another project I do distant myself from, most of these 2016 to 2018 project had entered my Blacklist already because if you have all these years to develop your platform and till now no one is using it, I doubt there is hope for such project except it is a Memes

i blacklisted gamefi tokens because OP promotes them. i can't just allow investors to lose money while a team of kids plays games earning by scamming.  ;D but i will not blacklists memecoins, it's fun for all!


you're going to blacklist all of them since all developers are greedy. even the top tokens developed by well-known personalities dump thier coins when they start making money out of it.

There is no need to make a blacklist because there are so many of them that we only need to make a list of altcoins that have the potential to be profitable according to the results of our own research and from various other sources for consideration so that we will be more confident that the altcoin we choose will be included in the list of notes

I guess majority of the shitcoin or shitcoin that is used to deceive people or scam people. One of the coin that I don't plan on having one is Pi coin. I don't like the whole structure of their token and I hate the brained wash supporters of it, as if they are earning from shilling the Pi coin. There are even people using it daily, It is currently being used as a peer to peer payment for goods and services. I am so sorry for those merchants who accepted Pi coin as a payment, it is an instant loss for them given that Pi coin doesn't have real value in the market.

The billion coin is what I am seeing with Pi coin nowadays, brainwashed supporters.

What are our reasons for blacklisting altcoins? If the coin doesn't interest you, of course you can avoid it. Of course, the analysis of price changes from year to year does not get better, so there is no point in holding onto such an altcoin. But we don't need to blacklist the coins from our records, if we have already bought them we can store them in a different wallet, to avoid selling below the purchase price.

I don't think that I have blacklisted one, maybe I'd avoid them at all cost but who knows what may happen in the future if my mind changes.
With scam tokens and coins, I think they're the ones that should be blacklisted and even I won't blacklist them, they will get no volume at all anymore and they're unlikely to get demand and that's why it is no use even if I am going to blacklist them on my own.

Exactly, maybe the term of his is to blacklist and avoid at all cost are just the same.

If a coin is used to pay things online and pay for services then it is a good coin because even bitcoin was created to pay things online as p2p but that didn't workout. But my concern on the pi network is that how are the sellers of those goods received the pi because there is no wallet to receive the coin. And as you said many people are mining the pi everyday. I some of my neighbors my mining pi very seriously and they sold some of the pi before and they sold it with a reasonable amount.
Though I don't like shitcoins and all my investment is only in bitcoin.

Personally, I have blacklisted 3 altcoins that I bought in the past, took only a little profit, and still lost all of them back to the market. If not for luck, I could have also lost all of my capital.
 
The project appears promising in my eyes, and I invested a few of my reserve stable coins in it, but it turns out that the team felt very reluctant and allowed the project to die off. A project like Propel is my top No. 1 on my blacklist, and even if I see them trending, I will only sell off my old holdings and can't invest my penny in that project again.

I haven't used or registered on Pi coin mining but with a simple search just now, I discovered they have a wallet in for pi network. If your neighbors sold it, then it's good for them since they made some money but I don't think it's good for the buyer as I personally think it is a worthless token. Just like I said that there are merchants accepting this token but that doesn't mean that the token has some value that they can exchange for something rightly equivalent to that instantly unlike bitcoin or other good altcoin or even shitcoin that is listed on CEX or DEX. There are so many people who want to sell their Pi token but there are only few people who like to buy it given with the risk involved.

Fake projects and shitcoins have no room in my wallet but I don’t blacklist them since I don’t think there’s a feature like this on exchanges, I simply ignore them and make no effort analyzing those projects. There’s a lot of altcoins honestly and if you want to succeed on your investments then better to focus more on good projects than wasting your time with the shitcoins.

I don't know about others but I haven't thought about black listing an altcoin. I always go by the trend in the current market while choosing an altcoin for short gains. For long gains I stick to what is ranking in the top 10 as per market capitalisation. The rest I ignore unless there is a hype or news  that can boost the price.

To blacklist a coin means it’s most likely a scam but I have not (and hopefully never) encountered an altcoin in which I invested in and basically got me scammed. I can only of course talk by experience as I am not aware of all and every coin out there.

So far in 2024, I have not hears a massive scam that was really blown out of proportion. For it to be widely known, it should have had thousands to hundred thousands of victims. It would be devastating but could teach us a very valuable lesson.

There is a huge list but I avoid any altcoin that comes with infinite or huge supply. I also avoid coins that are controlled or alleged to be controlled by market makers or exchanges as these coins does not trade naturally and their prices are manipulated by exchanges. Such coins are harder to ignore as they get a lot of media attention.

Interested in  !

I have never blacklist any altcoins, because I use to carry out my personal research before approaching any altcoin in the market and it has been helping me not to invest in a wrong altcoins that will cause me losses, and there is nothing will make me to invest in anyhow altcoins in the market. If you are part of potential altcoins investors, you will always be in the winning side OP, because they always invest their capital on ten top altcoins which they use to increase alongside with Bitcoin to caused their investors to experience huge amount of income. Anything that will make you experience losses in your altcoins investment, stay away from such altcoins, because they will make you regret for making such altcoins your choice and you will blacklist them, because you don't want to fall victim again.

If you want to blacklist altcoins then there are lots, even thousands of altcoins on our blacklist, for now I am not blacklisting any altcoins if you don't want the same thing to happen again then avoid altcoins that have made you lose, that way the altcoin will disappear in your portfolio. Since the beginning, I have always chosen the top altcoins and always avoided COIs which were pumping for me, which was too risky for me.

I try to avoid coins that have a small total supply but a large maximum supply. I also look at the price movement of the coin and if it is very volatile that means there is a possibility of price manipulation. I cannot mention any coins because it is only based on my personal analysis and cannot be used as a reference by anyone. But that's how I blacklisted a coin.

I do agree that anything that is based on memes is off my list without a doubt. That's what I look at, XRP and all meme projects that's it, anything else could be looked at. I am not saying that I will invest into anything, of course I will not invest into most stuff that I see, I am just saying that I will not invest into anything that is meme related, or as a coin itself XRP because it's just a couple people in a company that made it, and something as centralized as that doesn't really play a role in my portfolio.

I would even invest into BNB, which is coin for Binance, a company, and yet still not do that for XRP while they do look similar. Difference is that BNB is backed by an exchange, XRP is backed by absolutely nothing.

So what exactly is your blacklist?

For me, there is nothing specific because I am only interested in some specific areas in the crypto space and prioritize completely with bitcoin, but perhaps the project you are sharing is also something that I uncare.

I don't know what your intention is here? But it seems like your content has a very crappy quality and sometimes it seems to borrow ideas from AI tools. If you are really serious about developing, you should create quality topics, not content meaninglessness to yourself.

Actually there's a lot of altcoins to blacklist more especially those altcoins that doesn't have a good potential in the future, those set of altcoins need to be blacklisted so as to avoid losing our money when investing on them. However most of the altcoins their value is always stagnant, from time to time no increase in their value. Though I'm not a lover of altcoin neither do i invest in altcoin, so i think those investors who always invest in altcoin knows the ones that need to be blacklisted.

I can only put altcoins that I hate on my banned list, but I can still trade them if necessary as long as this token was not a scam token. I believe that asking others about the blacklisted tokens is somewhat meaningless considering they have various reasons why they are blocking it. I meant that even if you did not try to look at it, you would eventually find it. I've blocked some tokens in the past because they have

1. Shady developers.
2. Scam
3. Pathethic tokemic, and many others.

I've also added zero privacy tokens to my list because I'm aware that the government will not accept them in the future, zero privacy coin potentially to be banned by the government. This is why i avoid to use it.

It's best if you inform us about your list first and what tokens you have blacklisted it. lol. You questioned people for their opinions, but you didn't know whose tokens were blocked.

I agree with your opinion why do we blacklist altcoins when every year altcoins keep changing if there is no desire to buy just throw them out of our portfolio. Every time there is development and new altcoins appear, they are still unable to compete with altcoins that do not have good quality on the market. I also never keep altcoins that have no price movement on the market. Why should we fill our wallets with dead altcoins.

We can't give a list of the blacklisted altcoins because it's a very big one and the altcoins that we will miss people will consider them as the useful and profitable altcoins but we can surely provide a way to check the feasibility of investment.

Don't go with the social media marketing and the hype created of the project. Apply all your skills and analyse the project in that basis. Don't go after big names.

No, not all alts can come and go but some remains, and I believe the OP is referring to them. Before we mistakenly pick them sometime and ruin us, it's a good idea to act first/early and blacklist them right away.

Alts (the normal and good ones) are I think different from meme coins and in fact, they are not even a coin but they are a token. If we are interested at them, it is still better to choose the established ones because the chance for them to collapse right after we invest is only small. We can get something out of them, once the meme coins are trending. It was like they are having their own bull run too. It's fine if you choose to play things safe. In fact I like users like that, who only support cryptos that has real contributions in this space.

I can't blacklist altcoins because there are so many altcoins that we can't even mention them one by one. If there is an altcoin that has lost a lot of your money when investing, first remove the altcoin from your wallet list so that the same incident doesn't happen again, which is necessary. Please note that investing in the altcoin you are researching should not be used as an issue as your investment insight.

I stopped looking at them for a while because it's going crazy and if one kind of project succeeds then there will be 100s of projects created with ditto of the project which is not holding any potential at all. I am not denying profit-making because it's just bump and bump-and-dump game but the long-term vision is kind of too much to ask at the time.

But I would say one coin in specific which is XRP, only because it's centralized and mislead people in so many ways.

I've blacklisted all of the centralized "shitcoins", and overhyped "meme" coins. Totally not worth the long-term investment, imo. They often "pump" due to hype until people move away to the next big thing. Once the craze ends, market prices will "dump" all the way down the drain. It's not like Bitcoin or Ethereum whose value persists over time. In fact, these two coins alone have reached a new ATH over time.

People often seem to forget crypto's use cases or hidden potential. They'll choose any coin without doing prior research as long as it makes them a quick buck in return. I wouldn't be surprised if existing altcoins die only to be replaced by new ones in the future. That's how the crypto market works, right? :D

There are many altcoins in the market no one can say when any altcoin will be good. That's why I won't blacklist any altcoins yet. If you invest in altcoins you should research the market well before investing. It will be easier to avoid scams and find the right altcoin if you proceed with caution. Not all currencies are the same so blacklisting is not right.

Not feasible to blacklist Altcoins but I have no go zones wherein there are Altcoins which I don't invest into like NFT based coins and memecoins though memecoins might sound tempting now but I don't think we should get into it can rug pull anytime. I stay away from Altcoins which are over hyped and does shill marketing, I rather stick to top Altcoins.

I would suggest people not to get tempted by the unbelievable returns promised by some new projects.

I don't blacklist any coin but ignore any coin that is over hype especially all this memecoins feeling themselves on the solana chain. We have too many shitcoins so it's practically not easy to blacklist them but whatever that have to do with this shitcoins I wouldn't take part in it.

Exactly, this shitcoins from my understanding most are created by the same group of persons, who will kill a coin. after raising the hopes of investors then they will come back with another coin that they will feel like it's best again then the same actions will reoccur.

Anything that has NFTS included in their projects, I despise them so much because other than that NFTs thing, they don't have anything valuable about their project, they just be beating around the bush about something people don't care about, they are just hype without anything realistic to prove even though ART world is actually expensive, the ones in crypto are just money laundering that are bought between two known people just to avoid law enforcement.

The second one is BRC tokens, till date I still don't understood the use of BRC tokens, sometimes I just think we love illusions and lies for each other or perhaps the Bitcoin developers were trying to make Bitcoin network more busy so miners can make more money and wouldn't be discourage as halving is reducing block reward every for years but I haven't seen anything special about BRC tokens.

The only coin on my blacklist recently is Billionaire (https://billionair.com/). Although it's already listed on exchanges and is a new startup with no use case, I have reservations about the team. They claim to have secured funds from a crowdsale, but their approach seems suspicious, making them an unreliable crypto to hold for the future.

We blacklists projects that are not promising and doesn't compacts good road maps which is the basis and necessities to consider before investing in a project. Blacklists altcoin, there are several parts we should always avoid and keen on making progress in all stages we've found ourselves. Altcoins are basically the projects we're all pointing out to invest but at the same time, we should be careful because taking the slightest decision will still require backup.

It is way easier to keep a whitelist instead since only a handful of coins will be included in it, with my list being very short as I only use bitcoin, ethereum and litecoin, now I understand some may think my list is very narrow, however even if there are other good projects out there, I do not really see the need to go out of my way to get those coins, when I can do whatever I want already with just those three coins, with most of my money invested in bitcoin as it is the best coin by far.

for the altcoin problem that we want to blacklist, there are of course very many and it will take a lot of time to do it, so you just have to choose an altcoin that has potential because of the many altcoins, only a few coins have the potential for us to invest and there are very many shitcoins, so we Just choose coins from 1 to top 10 so that our risk is lower as an investor.

I don’t have a blacklist because my evaluation is always live and instant. I believe everyone should have their definition of what makes a coin/token a bad one. Because what someone else may blacklist, you may see it fit for investments instead. So have your own evaluation.

I don't know if I wanna blacklist any coins or tokens, cos you never know that once you're out. The coin starts pumping out of nowhere like it waited for me to get out lol..

But I don't like ICP anymore.

Simply: memecoins, 99.99% are pump and dump schemes. To me, any memecoin in top 100 is a disgrace to crypto, even Dogecoin.

I'm not totally closing my doors for meme coins since there are some interesting project exist. But majority of them is out of my scope particularly those obvious scam which doesn't give us any clear tracks or roadmap on where they are possible heading in future.

Also I'm not accumulating any privacy coins for personal reasons. But other than these I think not since there are lots of opportunities we can grab on multiple altcoins in the market so we should take advantage on their existence and if there's chance that we can earn then go with it. As long as we don't do any critical action and make sure that we are more smarter than anyone out there then dev cannot rug pull us since our knowledge is enough for us to help and avoid to became so greedy on holding their tokens.

of course there are many altcoins that are blacklisted because they do not provide profits and only losses that I experience such as in LUNA investments also with some damn meme coins. well of course this is an experience for me not to be easily tempted by meme coins that offer big profits.

Blacklist? I have never backlisted any altcoins, and this could be for the reason that I do not venture into coins' investments anyhow. I do my thorough research and even if they've not been performing yet, they would later, so I do not even go near the blacklisting, it's a huge word to say the list. However, there are many coins/tokens I will not go near, and I collectively call them shitcoins. This shitcoin of a thing is also subjective, which is why what many would call a shitcoin may not be shitcoin to me even as some people believe that all altcoins are shitcoins which I will never agree to.

Nevertheless, I don't think that I am ready to look at the coins below the market cap rating of #500 in ranking no matter what the coins pose to offer me.

Don't get me wrong but there are coins that needs to be blacklisted I understand your point of view but accepting all the coins is really not advisable though I may not actually be the right person to advise you on this but sometimes don't judge or trust a coin based on the move it has made because you could decide to follow the move and invested the next day it drops to zero, so even if you most follow coins but at least you should be very careful or do more research about it.

Meme coins are in my no list forever. I do use it sometimes to withdraw it to bank account because it's faster and cheaper in terms of fees. But for trading purpose I don't really like dealing with them for obvious reasons, it's too easy to manipulate these coins just with single hype and it instantly dies once it's over.

Even though you can get ridiculous amount of money if you are lucky enough, but considering the risk I have to face, yea I don't really care too much.

I know that people would blacklist some of the altcoins that pissing them off but it is not really good to blacklist all the altcoins or any altcoins because you might need to answer a question even though your not not using it but you can study how it is and whenever there is a question arise then you can say something about it. Even bad and r good all follow. No knowledge is wasted in the cryptocurrency community because you will use it to help someone.

There are many meme, airdrop and shitcoins to be blacklisted but that is not show it will work.

Out of the thousands of alt coins I will blacklist the ones I don't want to invest in because I haven't invested in them, and don't want to in the future. Directly I cannot blacklist any coin by reference. It will only depend on you which coins you invest in or not because you will understand better if you do proper analysis or research. When you understand where you should invest and where you shouldn't,then you will know what to invest and what to blacklist. All I can say is that you will find a lot of meme coins, altcoins to include in the blacklist.

ALL Tokens, I'm not even reading into what they can offer - if it's not running own chain, it's a worthless premined crap.

I mean the ones you go "I would never invest into this" is the one you blacklisted yourself, which is probably enough. I have plenty of coins and tokens that I consider as things I would never put money into, don't you have any of your own that you would never put money into?

You say there are some you do not go near to, and that should be enough, think about those for a moment and that means you have a list that you are not going to invest into, and that is exactly what people are talking about when they say blacklisting something. Of course there is also an official blacklisting process, which you can do at places, but I do not think that you need to be doing that much to consider yourself having a blacklist project, just not investing is enough.

I never blacklist any altcoins, because an still focusing on bitcoin investment base on some benefits am receiving from bitcoin investment, whenever the bear season dominate and it will make altcoins price to dominate for their investors to trade to earn income from the market, Based on what I heard about Ethereum, I don't think I will invest my money on it, because the gas fee is too high compared to other coins because investors are investing for income purpose, but if the income is little, it will not make investors to be happy which is the reason I like bitcoin, because the gas fee is very low for their investors to earn good income, Even though, am going to blacklist any altcoins in the future, Ethereum will going to be the altcoin, I will blacklist base on the high fee that involve.