The Biggest Scam Coins In Crypto History

[Victorik]

Quite a number of projects are copycat project, without a real vision. These kind of projects will definitely fail, because they don't have a clear plan.
These figures will continue to rise, because there are still very plenty of them that are going to die also. So, I am not surprised.

[jostorres]

The number of dead coins is still in counting, many more will come and be recorded dead. This is really disappointing and imagines that the number can be doubled easily if many people will try to take advantage of the market by creating other scam projects. In fact, almost every day we saw new (unreliable) projects and this will surely add to the current dead coins in the market.
I think that was too much and enough or else, this gonna be the reason why crypto will fail in the future and no one will ever believe this alternative.

That's true and now that the hype's are getting stronger for a new trend. This will be their reason to create a useless coin to scam people. It is really disappointing on our side even though we do not invest on it because we are still going to be affected if this act does not stop. We can say that there are  too much coins already in the market and it must be stop now but those greedy coin creator's does not care to us at all.

This is one of the disadvantage of crypto (for us) because it its mostly unregulated while this can be an advantage to them because they are free to do what they want without getting caught out easily but no, the whole crypto system wont fall just because of them.

[Johnyz]

The Biggest Scam Coins In Crypto History
https://tradersofcrypto.com/guides/crypto-scams/
"Since February 2020, approximately 1,000 cryptocurrencies have been pronounced dead, deceased and no more, with the total death count now standing at about 2400 coins. This equates to an increase of about 71%!"

I remember Bitconnect before but not the onecoin, that was a huge scam ever and I feel sorry to the investors. I don’t know why until now, many are fall as a victim on a fake project where they easily spot the fake one to the legit one. We should already know how to deal with the new projects, I see most of the fake project now are about meme tokens and nfts, so just a tip better to do your own research first before investing and don’t ever fall for a false hype.

[Cling18]

We really need to find out a better way to weed out scams rather than hope for government regulations which do nothing but restrict real projects.

No. The better question would be, "how can we educate the majority of people to learn and identify which project are scam and which project are not? " and "how can people learn to manage their risk, especially in terms of investment?"

As long as there is money involved, shady projects will persist, and the only practical answer I can think of is education. Government can only warn people and it's up to individuals if they will follow or not.

Lots of investors' money have been wasted and went to scammers' hands. I guess it's the best time to educate the majority or even educate ourselves to know whether a project is a scam or not. To be honest, it's hard to notice scam projects easily nowadays but being observant and skeptical would help. Scam projects will always exist in different forms yet we should be smart enough to notice and get rid of them.

[kawetsriyanto]

I remember how to hype the Squid Game movie was on Netflix and suddenly, there was a Squid Game project.
I was sure enough that at that time, there is something wrong and it may turn a scam or dead project into another hype following project.
And yes, that's it.
At that time, the Squid game is very hype, many beginners are following the hype and getting into that scam project, so sad to know it.

Actually, we can find numerous crypto project scams that are emerging almost every day. They utilize the hype of something, the ways of easiness a token is created, how many new investors are too easy to be attracted by a fake project because of the high-profit consideration.

[crzy]

In fact I think every year it will continue to increase even if cryptocurrency grows better and better crime will also get easier access to facilities, the only thing we can do is avoid it and learn not to fall into it.

There’s a lack of guidelines here, many are still falling on the hype and the only way to avoid it is to restrict users from creating their own tokens easily, there should be a restrictions. Well, scammers and hackers are very genius because they can still find a way, so education is the key. If many people knows how to spot fake project and do their work, many can avoid these scam projects and save their self from falling into this trap.

[eaLiTy]

~
"Since February 2020, approximately 1,000 cryptocurrencies have been pronounced dead, deceased and no more, with the total death count now standing at about 2400 coins. This equates to an increase of about 71%!

I was surprised with the small count as there is huge number of projects that vanished with billions of dollars collected from investors and then noticed since February of 2020 just 1000 cryptocurrencies are pronounced dead and how many billions lost in the process. Even with such a high failure rate people stick take risk in investing in these projects looking for a quick profit.

[Silberman]

The Biggest Scam Coins In Crypto History
https://tradersofcrypto.com/guides/crypto-scams/
"Since February 2020, approximately 1,000 cryptocurrencies have been pronounced dead, deceased and no more, with the total death count now standing at about 2400 coins. This equates to an increase of about 71%!"

I am not surprised at all and if anything I think the number is too low, that number are only the coins that we know have died, there are those that are about to die and those that were dead from the beginning, and that number also only includes the last 2 years, if we were to include all the coins that have disappeared since bitcoin was created then the number will grow many times over, so I hope this opens the eyes of newbies that believe that they can earn money with those coins and they realize the chances of that happening are awfully low.