Altcoin purge

[HeraldoCrypto]

With the ridiculous amount of different coins and the current price drop I was wondering what it would take for a good amount of shitcoins, scams, copycats, etc to die off.

[o_e_l_e_o]

Between October and early January, with a lot of new money and new people getting involved in crypto, you could pick any shitcoin you liked and were almost guaranteed to make a profit (examples: Titcoin, ColossusCoin, Marijuanacoin, even top 100 shitcoins like Dentacoin, Verge, Tron). With the market crash, these coins dumped the hardest and the fastest, which will hopefully serve as a warning to not throw your money away on useless projects. Better to stick to solid fundamentals: BTC, ETH, NEO, etc.

There will always be naive newbies who will spend their money on trash (example: Bitconnect is still being traded), so it is unlikely a lot of these coins will ever die off entirely, but hopefully this prolonged dip will cause these projects to be rightfully shunned and ignored by the majority of the community.

[Janademir4]

indeed a lot of coin junk coins are currently present in the market, more and more investors are withdrawing from investing in the world of crypto so that a good project can not reach hardcap because of lack of investor confidence, let's be more observant choose a good project so that investor confidence back increased