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Author Topic: Drawback of all new cryptocoins!Confusion?  (Read 742 times)
Sebas.tian
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October 24, 2018, 11:51:11 PM
 #41

People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?

Actually, it would really be good if the intention was right from the start. It only becomes a problem because most of the ICOs and projects which conducts crowdsale are only in it for the money. Good thing some of the many icos that spawned last year have died now.

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October 24, 2018, 11:56:29 PM
 #42

Is good most cryptocurrencies are springing up to compete with existing ones and most importantly to offer diversity in what is already available in the market. Crytpocurrencies mostly of late are meant to be use as utility token to access platform and services provided by the project.

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October 25, 2018, 03:55:47 AM
 #43

People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?

Actually, it would really be good if the intention was right from the start. It only becomes a problem because most of the ICOs and projects which conducts crowdsale are only in it for the money. Good thing some of the many icos that spawned last year have died now.
ico who did not really mean it really worsened the name bitcoin or cryptocurrency, because investors who were ultimately harmed. but indeed we must be realistic to look at the future

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October 25, 2018, 05:58:10 AM
 #44

People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?


yes sometimes indeed things that have potential such as cryptocurrencies can be damaged by some people who try to overthrow so that the purpose of crypto itself cannot be achieved, another thing is, some people just want and crypto be used as a solution for fast profit and underestimates the risk

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October 25, 2018, 06:12:35 AM
 #45

crypto money is now a lot that ends in fraud, but it's not the fault of bitcoin, but this is a warning to investors to be more careful in investing, must be more thorough and do research first before making an investment, not just throwing money for investment that doesn't exist Fortunately.
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October 25, 2018, 02:29:14 PM
 #46

I do not have a very positive attitude to such a huge number of new coins. Many of them are scammers but have a very convincing PR company and people believe them and invest money. Then, when they realize that their money is gone, they are disappointed not in a particular coin, but in cryptocurrencies in General. It is very sad.
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October 25, 2018, 02:41:53 PM
 #47

People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance". What I believe is that it is getting people confused! Moreover, this fuels to bitcoin negative propaganda as any sort of scam carried out by them leads to bashing of bitcoin.People don't really understand the difference. What are your thoughts?


In people's mind there are still many negativity about crypto i'm sure, that's what makes crypto is not going world wide right now.
I think if people already realized how good crypto is, people will use it
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November 09, 2018, 08:05:36 PM
 #48

This really can be called a problem, as a lot of coins do not deserve attention, because they are not of high quality, and most  - fraud. Therefore, you should carefully study the coin, its creators, the project itself, and then you will understand whether it is worth investing in it.

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bigbosma
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November 09, 2018, 08:35:52 PM
 #49

Due to the fact that now just a huge amount of coins, I advise everyone to invest only in Bitcoin or Ethereum. These coins are exactly reliable and verified, so buying them is safe. But the purchase of little-known young coins is very risky.

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November 09, 2018, 08:52:12 PM
 #50

On the one hand, it's great that the topic of cryptocurrency is developing and there are so many new coins. But unfortunately, many of them can not be bought, because they will not bring you any income. In addition, it is very easy to get on a fraudulent project, they are now just a huge number, unfortunately.


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November 09, 2018, 08:55:57 PM
 #51

Coins really a lot, and every day they become more and more. But really high-quality and promising among them a little. Therefore, it is necessary to devote a lot of time to the study of the coin that you want to buy, so as not to get caught on low-quality.

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November 09, 2018, 11:07:14 PM
 #52

OP's sentiment is right, the number of coins that pops everyday is not that good for the market. Most of them are scams and they really have nothing to do with the market anymore. If a newbie investor invested to that coin because he's not knowledgeable enough and suddenly that project turns out to be a scam, he'll just blame bitcoin for all of his misfortune.

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