Crypto is fake shit

[Trac3y]

 

[hatshepsut93]

The scamming will continue for as long as there will be naive newbies who believe that they can invest in "good project", and it seems there's still plenty of such people. Nowadays most people know about the dangers of shitcoins, ICO scams, pump and dump and so on, but somehow they believe that they posses the skills to avoid it. and this is where they are wrong. My advice is just stick to Bitcoin, it can't be manipulated in the long run and it's the least risky coin in this whole market.

[mersal]

Total crypto market cap value is 240 Billion dollar at the moment,do you think its fake?

More and more fake and scams are emerging here but don't blame cryptos for that only people who were getting scammed are the only reason for this,if they are having any common sense then they wouldn't fall for such scams.

No one is forcing you to invest on cryptos,if you don't like please stay away.

[seoincorporation]

The whole Crypto industry is shit and absolute fraudulent.
...

Crypto scams have been growing fast in the past years, there are tons of exchanges who run with the people money, there are tons of ICOs who are scamming people and there are tons of working hard scammers trying to get our coins.

So, it's a hostile environment, and wasn't easy to deal with it. So, we have to move carefully in this mined field. We have to learn the secure way to hold our coins and the secure way to trade them, another way, we will lose our founds.

[forexandcryptoauditor]

To some extent, yes. But not whole cryptocurrencies industry is fake. There may be different individual views on respective experiences, but looking at the entire market value and growth, it's not true.
Perhaps exchanges may create false or fake volumes but entire market capitalization is not surely fake.

[bittraffic]

The whole Crypto industry is shit and absolute fraudulent.

You can see that at such short period of time the price can drop terribly which may led you to believe all these are manipulated in every way. It didn't even touch a overbought level but it submerge down from 8700 down to 8300 faster and you got a margin call. You're not the only who observed this phenomenon. All you can think of is that its just a practice they do in other markets and ask yourself: Is my trading skills that bad really?

[rajsimran]

Are you serious? maybe you invested your money in wrong place that's why you are telling that crypto is fake shit.if you have no knowledge and you are too greedy then there is a big chance to get scammed.also there is a word in crypto invest those money that you can afford to loss.not all crypto is fake so many legit coins in the market ,you choose the fake crypto project.

[JCviggen]

maybe what you are talking about is really true and in the crypto space there is a lot of scam and a lot of centralization that allows people to conspire and make money on stupid people, but if you look at the fiat industry you will understand that everything is worse there, but it happens on a scale of the world but not several exchanges

[seleme]

The naive crypto users are the victims of the scammers who run the fraudulent crypto business. The fake wallets, plagiarized whitepapers, phishing sites, hack events-all the negativities are part of the crypto industry. The markets are not rigged, maybe the manipulation is at a high level but the demand-supply rule still dominates the crypto markets. Stay away from the margin trading and stick to the classic trading plan if you have no experience in this field.

[bttmember]

I partially agree with the thread starter and yes there has been massive manipulation by all these centralized exchanges, we all know about fake volumes and stuff, similarly exchanges not only have control of all coins at exchange wallets but also they can dump any token anytime because they charge trading fee and earn hundreds and thousands of different coins and tokens everyday that they can dump anytime making life hard for traders and investors.

[Balladtony77]

The whole Crypto industry is shit and absolute fraudulent.

Trade is a joke as you basically trading against the Exchange using their unlimited Tokens and your own Fiat against you.
No matter how many customers a Exchange have they are not all on at once so using their fake Volume its very easy to Trade against the few that is in any given room at one time.
Total Centralized Crime and fraud. I have no more faith in this shit ,its only a empty promise that attracts people to invest and then see their Funds held tight, while you try to fool yourself to look for patterns . Every avenue of Trade is now perfected by the Central crime syndicates creating Tokens just to dilute your buypower keeping control. Even BTC is their puppet.

Enjoy getting fleeced around every turn.
If not blatantly robbed you are Trading against them owning billions of Tokens ,Impossible. Any fool can get lucky but in the long haul you will lose.
The system is now to perfect its stupid.

The amount of movement available to them in Markets is stupid now. Every Order has immediate effects that cant be considered normal Trade only fake Volume Trade .
To Exchanges all over i say enjoy robbing the poor but you will have your day in the sun im sure many enemies you make

It's no doubt that some exchanges do have fake volumes but I suspect you know nothing about crypto and trading, if you can open up about your trading strategy you will be guide right, try binance, kucoin or huobi for trading, no fake volumes

[Nolimitz84]

I have the impression that You are just a beginner in the world of crypto.If at the moment You have not given up on crypto, then you should enrich your knowledge.(for this, of course, you need to spend a lot of time).The essence of cryptocurrencies is not just about trading.You should look at them more broadly.Yes, there are undoubtedly a lot of scammers and deceivers, but there are a lot of projects on the market and the people behind them for whom cryptocurrencies are a challenge.Find such projects and reconsider your position.I hope it will change for the better.

[thisnewcoin]

Crypto is not shit, maybe you lost this time and that's why you are frustrated now! Crypto is an opportunity where anyone can make money, but if you don't learn from mistakes then sorry, crypto is not for you! You have to know which exchange is fake and which coin is shitcoin! Not every exchange is good rather most of them is shit, scam and fake! You should stick on top 50 crypto coin and in top exchange like Binance, Huobi, OKEx until you know hos to utilize the crypto market!

[alexeev.tosha0109@yandex.]

I agree cryptogiants are bullshit, they are like banks, which robber us blindly. However, cryptocurrency industry is wider than centralized exchange platforms, crypto scams and stupid unprofitable ICOs.

[cytpoway121]

The whole Crypto industry is shit and absolute fraudulent.

To begin with, crypto industry is not joke, it is a future present today, and you need to join the train today or later.

Trade is a joke as you basically trading against the Exchange using their unlimited Tokens and your own Fiat against you.
No matter how many customers a Exchange have they are not all on at once so using their fake Volume its very easy to Trade against the few that is in any given room at one time.
Total Centralized Crime and fraud. I have no more faith in this shit ,its only a empty promise that attracts people to invest and then see their Funds held tight, while you try to fool yourself to look for patterns . Every avenue of Trade is now perfected by the Central crime syndicates creating Tokens just to dilute your buypower keeping control. Even BTC is their puppet.
 

Ssecondly, trading in crypto currency can indeed be full of risk, but it is not gambling, neither is it a joke. Except you get lucky, or you outrightly dump tokens, if you try trading as a newbie, you are going 90% rekt

It is true that few exchanges has low volumes, but because you perhaps did not dyor, you are unable to identify a trade that has true volume.

If you insist on existence of scam tokens, they will always exist, it is up to you to avoid them totally.

My Advise, dyor and learn the basics about crypto currency and trading in crypto currency.

The amount of movement available to them in Markets is stupid now. Every Order has immediate effects that cant be considered normal Trade only fake Volume Trade .
To Exchanges all over i say enjoy robbing the poor but you will have your day in the sun im sure many enemies you make

Fluctuations in trading is normal, it takes the candles up and down in price very quickly. And that is one reason why you need to understand how to trade.

As a newbie, you need to understand the below common terms.
DYOR - DO YOUR OWN RESEARCH.
Avoid FOMO - FEAR OF MISSING OUT
Avoid FUD - FEAR, UNCERTAINTY & DOUBT. STAY CONFIDENT IN YOUR INFORMATIONS.

[pixie85]

If you hate rdading so much then don't trade? If you think exchanges are fleecing you don't use them. You can always buy on localbitcoins or at a brokerage.

These bitter posts always appear when markets take a dive.

[Utoy101]

The whole Crypto industry is shit and absolute fraudulent.

Trade is a joke as you basically trading against the Exchange using their unlimited Tokens and your own Fiat against you.
No matter how many customers a Exchange have they are not all on at once so using their fake Volume its very easy to Trade against the few that is in any given room at one time.
Total Centralized Crime and fraud. I have no more faith in this shit ,its only a empty promise that attracts people to invest and then see their Funds held tight, while you try to fool yourself to look for patterns . Every avenue of Trade is now perfected by the Central crime syndicates creating Tokens just to dilute your buypower keeping control. Even BTC is their puppet.

Enjoy getting fleeced around every turn.
If not blatantly robbed you are Trading against them owning billions of Tokens ,Impossible. Any fool can get lucky but in the long haul you will lose.
The system is now to perfect its stupid.

The amount of movement available to them in Markets is stupid now. Every Order has immediate effects that cant be considered normal Trade only fake Volume Trade .
To Exchanges all over i say enjoy robbing the poor but you will have your day in the sun im sure many enemies you make

If you think cryptocurrency is all about trading some few coins/tokens on exchanges, then you need to sit up and learn more about the future and potentials of both cryptocurrency and blockchain technology. If you're always loosing when trying to trade, it's probably not your calling as there are lots of people making profit from trading cryptos. However, cryptocurrency is more than just a speculative digital currency you take off profits from due to price fluctuation. A simple google serch about the potentials and importance of cryptocurrency will really help you.

[passwordnow]

Nah, you get it wrong and I understand that you have a bad experience trading or holding the coins that you have. You even mentioned bitcoin which is inappropriate and has been existing for a decade. I'm disappointed to see the sudden correction but this is very usual to crypto. It's your choice to get out of this so that you will no longer have any headaches when we see sudden dumps. You can say whatever you want to say because that's what you felt but we're staying and you can go back anytime you want.

[swivel1983@gmail.com]

Apparently, you do not know the cryptocurrency so well if you say this. Of course, there are enough scammers here, but they are also in any other direction. Therefore, this is not an indicator.

[gundala]

Does the OP have a bad experience with trading on an exchange? or stuck fake project? whatever it seems is really bad for him so as to provide a description that contains all negative sentences.
This really depends on the point of view of each. What is clear, everyone agrees that cryptocurrency is a high-risk investment and commodity, so anyone who studies cryptocurrency correctly is aware that the risk of loss can come at any time. Your complaints related to the exchange with its various fake components can be avoided by choosing a trusted global exchange with a good reputation such as Binance.
Simplify expectations, don't be jealous of the income of others who have greater capital and luck. Focus on achieving yourself, it will be better.