Crypto has gone to shit

[HALLASTERA]

I don't understand why is many legendary with bad reputation still not banned. Many scam ICOs did promotion thanks to old guys in crypto.

[1715563898]

1715563898

[1715563898]

1715563898

[1715563898]

1715563898

[1715563898]

1715563898

[Digital Mutant]

You are frustrated, many people got scammed and is frustrate like you, but listen, scam are are a small part of crypto total marketcap
There are scammers where there is ignorance and no knowledge of what bitcoin and crypto really is
instead of falling searching for cheap scam coin, try to find out good projects to invest in

very soon all legit projects will be audited and will have to pass thsrough controls to enter in crypto market, so keep calm and patience.

[DemLom]

Everyone should think about investing and read all the information about the company. Of course there are pretty good crooks, nobody is insured from it. You just need to get acquainted with the team further, and it is better to invest in familiar teams.

[YKTSSR*]

yes but the best futuristic project are often with team not too well known and it is hard to trust the new because of all the escros

[Entei]

A hot topic, in relation to comments in my opinion crypto is an art, dominala is the secret, there has to be every kind of situation, the prescised system of gears that can be good bad, adapting to all this is your obligation. Another interesting factor do you believe that some systems that some projects provide will come out of nowhere and for free? Each case is a case, we should not judge, just observe.

 

[PadenoM]

and you don't talk about the bank coming in and trying to rip us off a little more, wherever money is abondant, bad people will come

[The Sceptical Chymist]

Not for nothing, but it should surprise no one that people are into crypto to make money--and that includes folks who ONLY want to make money.  It's not a bad thing at all that there are such people.   They make the market liquid and sustain interest in it.  It certainly doesn't mean bitcoin's going to shit.  We're still above $8000, whereas when I got started we were at $300.  That's freaking amazing, and there's no denying that.

[HokageNanadaime]

There are a lot of fake and scam projects going around.So we have to be very careful when shopping,and you may need some patience to not make a lose

[Cryptokatt]

eh, invest in what you believe in and take advantage of flipping a quick dollar otherwise. There's a ton of shit out there, but the market lets all the garbage sink so its all good.

[Aliraza6o6]

Exactly number of currencies are getting more and more day by day and those currencies don't even worth it. The amount that the investors have is limited and number of currencies are getting bigger , so all of them are just switching there money from one coin to an other.

[Willitivity]

Rather than spilling up out here, I would suggest you take some time and study the blockchain. True that there are so many Shitcoin with no plans on the project and some other with overwhelming ICO target. It now boils down to making a well analysed research to know which one to join in and throw in smyour money.  Crypto will bounce back and that bounce back will be tremendously.

[retooled]

Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous.  Greed everywhere, thousands of coins that serve no purpose.  This is so far removed from satoshi's vision.  Premine bullshit  scams like onion.  Projects that have no reason to be on a fucking blockchain except to cash in money on the hype.  We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.

YES I agree.  Please someone explain to me what the hell these coins do? What happens if the dev team is wildly successful at solving their proposed problem and launches a perfect solution??? So what, the coin you buy doesnt help the developers, it doesnt do anything. If it is actually used on a network then the increasing value of it is counter productive to the success of the network. It becomes more expensive to use the higher the value.

What no one on this forum is willing to admit that aside from the coins you can buy things with or "store" wealth BTC, LTC, etc...) all the other coins are like hobby collecting.

There is no difference in owning 200 KCN or ENG than owning 200 expensive sports trading cards or comic books. It is crazy to me that some of these coins have a market cap into the billions and they are useless in the real world. This is why after a few more spectacular crashes in the market there will be a few survivors. The only way this does not happen is if you link the value of a coin to a stable fiat currency which the cypto founders would throw up if this was the case.

The other comical thing is all of the excuses to why the market is going back to pre December values..... New Year, Chinese New Year, January, February, valentines day, scams, hacks, govt regulation, govt ban, Sundays, bad weather and the list goes on. Cant we all just admit that it grew way to fast and it was not sustainable? And for all of you that wish next week BTC is at 20k, you are all morons. If it hits 20K next week then it will come crashing down again. What you want is it to be 20K  in 2019 and grow very slowly over many many years.

[annbagira]

Hello author! You know this is interesting and big topic for discussion but have no any reason. Or you have  real solutions  instead the criticism? How to resolve it?

[777Jolami]

The crypto market is very potential for investment in the coming time but because the market capitalization is too small, it is easy to be dominated by big investors, therefore, the market has changed dramatically. I think it will take a few more years for the market to stabilize when the cap is higher and equal to other financial markets like stocks and forex.

[Jalum]

The crypto market is very potential for investment in the coming time but because the market capitalization is too small, it is easy to be dominated by big investors, therefore, the market has changed dramatically. I think it will take a few more years for the market to stabilize when the cap is higher and equal to other financial markets like stocks and forex.

That is a lot of money to be compared with. I am sure that nobody can say that the prices can actually go up that much until it happens.

[madwica]

Scam is given in the online investments, that is the job of many people and their target is the greedy people who wants instant money. That is why before choosing ico reading of their white paper, background of their team and realistic market cap analyze those things before investing.

[blockman]

Scams everywhere now.

They are everywhere so stay watchful.

Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous.  Greed everywhere, thousands of coins that serve no purpose.  

I'll step in here, this is why VLB - Vehicle Lifecycle Blockchain changed their soft cap to $4,000,000 and hard cap to $12,000,000 which is a real deal unlike those greedy ICO's that you mentioned and VLB token is good for car owners, car entreps and passengers. They are even partnered with Uber so their token will be useful in the future.

[makulo123]

Well, everything about crypto nowadays is powered by greed, fear, fomo, fud, but the whole thing wouldn't be possible without the tech behind it. It will take some time for masses to realize what is the true use case of cryptocurrencies considering that crypto will fix its own problems: vulnerabilites (bomber 17mil NANO, Parity all-time hacks, ICO exit scams, Disconneeeect,...), tx fees, minor txs fees, speeds, etc.

[frost_wind]

That's how it works , when something gives a possibility to earn a significant and easy money . It attracts crowds of scammers and I see only two ways to deal with it : 1) Regulate crypto , bring it to a legal sphere and cover with laws , which will protect people from scammers  . 2) Ban crypto . We can see some attempts to regulate crypto , but I don't see enough action to fight and defeat scam in this sphere ,  regulators care only about money now, but I guess they will fight scammers later , in time , because that's the way for them to earn additional money .
 P.S . while typing this I realise that governments and scammers is the same shit for us   . All the difference between them is a pocket where our money goes .

[inlovewithcrypto]

is quite positive perspective