Chinese Shitcoins are destroying crypto

[fatlever]

We went from having NEO worth $0.50 and nothing else from the Chinese to literally hundreds of Chinese shitcoins flooding the market.  Vaporware Chinese shitcoins that do nothing but scam artists like Sunny Lu of VeChain claming they are going to be the most used Blockchain when they launch doing trillions of transactions based on fake partnerships or NEO claiming they are going to be running the smart economy in China.  All bullshit.  These tokens are banned in China in the first place.  Then they airdrop small amounts of the supply like Ontlogy, TheKey, etc drive up the price with speculation and dump on you.

They give you vaporware and you give them Bitcoin and ETH.  Chinese people don't even invest in Chinese meanwhile we have people who think that hundreds of these vaporware Chinese scams are breakthrough technology.  This is destroying crypto.

[Laxus215]

How the Chinese cryptos are shitcoins and destroying crypto can you elaborate? Are you still living in bitcoin and ethereum era? Blockchain industry is evolving day by day so it's obvious we all will see new technology, competitions between existing projects. Read this article hope this will help you https://hackernoon.com/an-undervalued-blockchain-market-in-china-is-good-news-for-you-d0c010170622

[wayaneka]

I dont think so, mostly the price all of these coin going up and given big profit to the their investor, just like BNB and ONT the price been going up more than 10 times since started tradeable in the market. And HPB token also was going up 10 times just in short times. Now cryptocurrency is very popular in Asia and this is make more demand for crypto, and currently demand in crypto market dominated by Asia.