We can be better than this!

[spartak_t]

At this moment I can name at least 5 so called shitcoins (will not go with more, and will not call names), which has extremely volatile "value" and ridiculous (fake, of course) volume/price. While this is obvious to many of the people in here, it is not for many others, which are "joining the cryptocurrencies" now. AND THIS IS NOT GOOD! I know perfectly that the wolf eats the sheep, but most of you are not wolves (i.e. whales)! So please think twice before posting the 100th thread about your beloved coin with soooo advanced tech (and whatever), because most of you are in for the FIAT MONEY and BITCOIN. You may be "smarter" than the newbies, or some naive people if you want, but you probably don't understand that currently you are somehow acting like the banks or governments, which eventually are f*cking everybody! Yes, I dare to compare cryptocurrencies even with a government. Here we are Kevin and Spartak who are working in that government for years, but here comes John (the noob) and we decide to screw him, because he just don't know how the system works, and because we can earn some money from that. In majority of the governments (if not all....) there are people who gets bribed at some point, here we just call them shills.

Bitcoin has the current price because of the many people interested in it, not because of the technology. There are many coins/assets/whatever, which are "better" (and received HUGE "investments" (I'm poiting to ICO's/crowdsales etc..)), but do you know what? That doesn't matter! And do you know why? Because you need 10s, or even maybe 100s of BILLIONS $ to do it (imagine how much work was done since Bitcoin was launched (I'm not talking only about coding)). Just try to gather 100s of thousands people to work in your interest for years and see what's gonna cost you... Yeah, they are probably few billionaires and many millionaires who "helped" (i.e. invested) on the way, BUT the masses are the ones who MADE Bitcoin (Satoshi just created it (hats down, of course)).

By supporting some of the "good" cryptocurrencies/assets you'll still can make a profit (which can be even greater than your $5 made of the "coin of the day"), but you should just wait a bit longer. I'm not saying "Invest your $10 in Bitcoin/Litecoin and wait 10 years to see if your investment will make a ROI". My request is to avoid scams (come on, most of them are very obvious, and you can tell that it's just a matter of time for them to disappear, and start over with another "project"), because they are not good for any of us (even for you).

All we need can be said with one world - ADOPTION!

Take care,
Spartak   

[vlom]

we can. but "we" won't. just because of the money.

noobs got scammed. thats why they have to scam an new noob.

the question is: how the leave this circle?

[spartak_t]

we can. but "we" won't. just because of the money.

noobs got scammed. thats why they have to scam an new noob.

the question is: how the leave this circle?

I will answer with a question: Take a good guess what may happen if this circle continues?

[angaper]

Unfortunately this world of cryptocurrencies has become another speculative market where the main (and perhaps the only) motivation behind this current development of new coins is the mere speculation, and that is why we are continuously observing this volatile variation in prices.

But at the end of this greedy game, I have no doubt that bitcoin will continue being the Number One, and the only valuable option.

[spartak_t]

Unfortunately this world of cryptocurrencies has become another speculative market where the main (and perhaps the only) motivation behind this current development of new coins is the mere speculation, and that is why we are continuously observing this volatile variation in prices.

But at the end of this greedy game, I have no doubt that bitcoin will continue being the Number One, and the only valuable option.

I have nothing against speculations! I was talking about pointless coins, which are obviously pumped and dumped (i.e., many people are participating in it, no matter that they know what would be the outcome, thus helping creating more and more useless cryptocurrencies with the only reason: TO MAKE MONEY) and will be abandoned at some point. We are not even talking about developments here, only "promises".

[GreenBits]

we can. but "we" won't. just because of the money.

noobs got scammed. thats why they have to scam an new noob.

the question is: how the leave this circle?

I will answer with a question: Take a good guess what may happen if this circle continues?

Unfortunately, this vicious circle pretty much defines the current financial system. So the meta question is: when will it stop? Because human nature is the engine that powers this wheel.

[Nxtblg]

At this moment I can name at least 5 so called shitcoins (will not go with more, and will not call names), which has extremely volatile "value" and ridiculous (fake, of course) volume/price. While this is obvious to many of the people in here, it is not for many others, which are "joining the cryptocurrencies" now. AND THIS IS NOT GOOD!

Whut, you mean you're not behind New Piggycoin and Pinkcoin?

[isvicre]

You have a good point. Money makes the world go round,  and that feeling of missing the buzz a few years ago when btc was soaring makes people want to be first in line with the next big crypto. Let them throw their btc away, you cant stop it.

[The Sceptical Chymist]

So you're saying I shouldn't buy Dash??  But I like the coin, I really do.

Alas, I agree with much that you wrote.  The overwhelming majority of altcoins serve no purpose other than to make the developers rich, and most don't take much to develop at all.  They're for fucking gamblers, and 99.999999999999999% of people in this community have that mentality and should attend Gamblers Anonymous meetings regularly.  Christ, there are people here who gamble away money that should be going into formula for their baby, which they shouldn't have had in the first place.  That's altcoins in a nutshell.

[spartak_t]

Whut, you mean you're not behind New Piggycoin and Pinkcoin?

What is your point here?

So you're saying I shouldn't buy Dash??  But I like the coin, I really do.

Dash is something else. It had unfair start, but it's still here and will probably stay.

[freshman777]

Cast aside your worries, ridiculously priced vaporware will be washed away and phased out. Legitimate projects with dedicated development teams, genuine goals and solid base can't but succeed. Our goal as investors is to identify them early and try not to fall to the hype of snake oil deals.

[alyssa85]

This has been going on since 2013 when the number of alts exploded from five to gazillions.

People have been issuing warnings for the last three years - but at the end of the day, it is up to individuals to ensure they arn't scammed. Just a quick search of this forum should give them enough warnings and intel about every single scam going and how to avoid them - but they won't listen.

[spartak_t]

This has been going on since 2013 when the number of alts exploded from five to gazillions.

People have been issuing warnings for the last three years - but at the end of the day, it is up to individuals to ensure they arn't scammed. Just a quick search of this forum should give them enough warnings and intel about every single scam going and how to avoid them - but they won't listen.

Now things are a bit better. Scams and launches of coins are less, but people still trade them for profit. Example:
1. JustAnotherCoin says: The current price of our coin is 50 satoshi. We are going to pump it to 500 (and you somehow know it will happen).
2. You buy at 60.
3. You sell at 360 (for example).

Or you "invest" in some coin, which is obvious scam and it promises "news" in 7 days. People buy them, traders too.

Why don't we stop give them attention and move along? Everybody needs money to live, but that's not the most important thing in here. Cryptocurrencies should be helpful to entire humanity, not just a handful of people. And we must help this to happen.

[raphma]

Seriously, your advice is "dont be scammed", am i right?
oh, thank you mr. obvious.

There are obvious one's but most of it arent and people fall for that. a few scams were serious projects at the beginning with a greedy developer, who got a great idea and a serious project but after seen thousands of money and a lot of work to do, he/she just prefer to run away with the money. So... no formula, no secret to avoid scams... people will always get scamed.

and yeah, i agree with you about the obvious scams

[d5000]

I think the reason why many people are getting scammed is because of the high noise ratio in this subforum. For example, there are practically no long-term threads around technical topics anymore that really could give informations about really important technical developments and innovations. (Does some remember the "Stablecoin" debate?) Even the last of these debates I remember (pro- and anti-PoS) has got into a simple flame war. So according to the posts in the altcoin subforum it's practically impossible to tell - if you don't read a long, long time - if a coin is worth an investment or not.

Maybe a forum with limited filter options and nearly non-existent moderation like Bitcointalk is simply not the best platform to inform yourself about really promising investments. I know there are other platforms that try to give a help to investors listing some "measurable" facts about community and technological properties of some altcoins (like Coingecko) but they have all their limitations - and they cannot measure anything from coins that still not exist (ICOs).

And yes, I think "altcoins" will only have a possibility to get adoption when they offer something that Bitcoin does not offer. But technologically "better" coins must also do a lot of marketing to succeed - for example, Qora is an example for a "technically advanced" coin with an miserable market cap.

[spartak_t]

Seriously, your advice is "dont be scammed", am i right?
oh, thank you mr. obvious.

That isn't advice (and the main reason I started this topic). Would you buy F*ckCryptoCoin (for example) for a reason other than profit? It's obvious (even to me, the Mr. Obvious) it will die in a matter of time, don't you think?

EDIT: Guys, I started this thread mainly, because of the obvious s*itcoins. There are many people who trade them for profit. There are also many people paid with Bitcoin who promote them and they don't care how the coin "looks", they just want to be paid.

[sofu]

You can't change the free market.

Some people make money and other people learning lessons for their life.

Its already a win-win situation 

[spartak_t]

Some people make money and other people learning lessons for their life.

Its already a win-win situation 

That's like saying: "A guy raped a woman, who didn't make sex for 5 years. A "win-win" situation." 

[sofu]

Some people make money and other people learning lessons for their life.

Its already a win-win situation 

That's like saying: "A guy raped a woman, who didn't make sex for 5 years. A "win-win" situation." 

Raping woman is a crime. Manipulating the shitcoinmarket is not a crime.

[spartak_t]

Raping woman is a crime. Manipulating the shitcoinmarket is not a crime.

Of course it is a crime and there are some laws for it already. Why do you think I asked this question:

we can. but "we" won't. just because of the money.

noobs got scammed. thats why they have to scam an new noob.

the question is: how the leave this circle?

I will answer with a question: Take a good guess what may happen if this circle continues?

... because my opinion is that cryptocurrencies will eventually become regulated, but one question remains: To what degree?

To put all this together: These actions are f*cking the future of cryptocurrencies.