How long will this scam go on?

[AniviaBtc]

As long as there are investors who are easily be fooled by these scammers then, they will not stop.

Instead of complaining, why don't you make yourself aware about them and be knowledgeable on how to identify scams or shitcoins.

There are a lot of information here in this forum, try to visit Altcoin Discussion  to become updated on the altcoins that are also worth it to invest. That's really what is good about this forum, we are helping each other become aware so that we will not waste our money to something that is not worth it.

We have a community that will help our decision making improve and in choosing what to invest in different situations in the market.

[arifteguhr]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

This will not stop if you ask about when the new Shittoken or Coin with the aim of the scam will be finished, so people have the freedom to create new concepts, but what I regret is that there should be an institution that can oversee every new listing of projects that are indicated as scam will be blacklisted. this is to avoid many people being deceived. it's been 4 years now there's still no direction towards that

[lalabotax]

Who can stop the scammers? The crypto world is a decentralized space and free of laws. Although we have scam accusations in this forum, it cannot conquer all the scammers in the crypto world. So, it will be always there forever as long as the crypto world exists. It depends on us how to avoid the scams.

[ethereumhunter]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

The best thing you can do is search for the info and find out yourself because we can only suggest the coin name, but the decision will be yours. You do not need to follow our suggestion because we are not always right to give you a suggestion. If you can find the coin by yourself, and that coin increases, you will feel satisfied because your analysis is right, making you make a profit.

[milani]

 

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

It is the eternal question. Such scam projects will exist till the last opportunity to get easy money will disappear. So the answer is - such scams will be always. Where the money are the enormous frauds appear. In all times lots of people existed who prefered to get a lot of profit in the most easiest way, with the minimum efforts. To fight with such people is like to fight windmills. Everything depends on you - on your ability to make deep analysis before investing and your capability to pass by the loud promises to get rapidly tones of money))

[GreenStox]

The answer may never be as long as there are gaps and opportunities, scamer will continue to do this, not only in the crypto world, in the real world, fraud is still ongoing and exists, even though there are laws or institutions that regulate it.
even after leaving prison they can still make the same mistakes.

[judeafante]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

The key here is education, this is the only way to find out what coins to invest and to discard, shitcoins are always going to be here , because there are loopholes here and many are full of greed that these scammers can easily deceive these newbies who cannot moderate their greed and easily believe on what are being presented to them.

[Kong Hey Pakboy]

The answer may never be as long as there are gaps and opportunities, scamer will continue to do this, not only in the crypto world, in the real world, fraud is still ongoing and exists, even though there are laws or institutions that regulate it.
even after leaving prison they can still make the same mistakes.

Indeed. As long as there are still people who fall into these scams, it will definitely continue because it is an opportunity to deceive these people, and it is not easy for authorities to trace them. The best thing to do is help everyone, especially those newcomers, avoid these scammers and make them go away or stop scamming people.

[coin-investor]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

There are many platforms to create a token you can even create for $20 and, scammers are also good in creating concept that looks believable, even veteran in investing in the market are scammed by these people, the only way to combat these scammers is through awareness on how they worked and get the latest update on the scam projects in the scam section.
unfortunately there are no check and balance in a decentralized market, you will have to follow your gut feeling and your technical knowledge.

[reza7777]

Shitcoin will never disappear they will continue to be here, maybe it will disappear/diminish if everyone stops investing in ICOs and only chooses IEO investments in top exchanges

[Xardasim]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

There is no abnormal situation in encountering such situations in a place easily accessible to everyone. To fight with it, the system must be controlled by some powers, which changes the crypto market radically. A change we never needed. Already we give the punishment by throwing them in the back row. I guess it is not a case to be complained about, otherwise, let's be glad that we have easily accessible Blockchain.

[meldrio1]

They will never stop making shitcoins because it's profitable for scammers many new investors still get victims of scam projects because of the promises that they will earn high if they invest their coin. I still prefer to invest in the top coins even they already in all time high because in the future they will increase more.

[Sterbens]

as time goes by the crypto market that is no longer viable will be dumped on the market as its attractiveness for investors decreases. So that the income for market managers also decreases. There are a lot of shitcoin because the market only accepts movements that provide large profits and are attractive to investors. this is the type of filtering for cryptocurrencies in the following year that survive is crypto that has quality in any weather. has strong competitiveness and still provides benefits for investors.

[OgNasty]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

Shitcoins will never stop being made because it's too easy to make them and it's fun to run them.  Even if people weren't throwing money at worthless projects I would think developers would like to start shitcoins for the experience.  Not everyone does it to make money I'm sure, although the ones being slammed down your throat that pretend to be world changing innovations are certainly created with the goal of taking your BTC.  There are thousands of altcoins you never even know existed that were built as learning experiences, and that is where their value is. 

Buying shitcoins can also be a learning experience, albeit an expensive one. 

[akar87]

If you are looking cmc top 100 coins list of altcoins market then you can find out more good project because there has no shitcoin in top list. Actually shitcoin will never ended and many time we can face it so we should have patience and analysis more for a project when we want bought.

Not guarantee with cmc top 100 coins because many coins when down never back up to higher price again, I think with cmc top 100 coins only trust with ethereum, litecin and bitcoin cash, for the other just running short time and not brave for long term investment. Big risk when you wanna get buy or try with investing although on cmc top 100 coins rank because is not give guarantee for getting much profit.

[Darktongue]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

As far as I know, so many projects are valuable enough as ANN thread. Every legit project has a good future focus but can't make as their plans. Although now most of the projects view are the same as older projects, including more features and low cost. I focus on big partnerships before ICO or IEO, but later only volume and exchange.

[Traderbtcc]

In just 11 years of cryptocurrencies existence we've seen a series of shitcoins coming up, making a choice on which coin to hold aside $BTC & $ETH $BET $DOT $ADA & LINK is becoming difficult, how best can I get to know more viable  projects like the ones I already have? When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

Shitcoin/scamcoin from altcoin to token will continue exist because scammer is need the money for living and buy new some car  just hold bitcoin and you will be fine and Do your own research before investing in new coin because i see ton of them pop out everyday 

Absolutely true, scammers will continue bringing new altcoin projects with fake teams in other to scam investors and run away with the money, this has been going on for a long time now not sure if this is ever going to stop, the more investors are getting wiser the more scammers are getting smarter too making them plan new tricks to use on the investors, lately they even make a scam project look so real until the last minute, they will just shut down without anyone noticing,thats why it's important to do a good research before investing.

[xiboothrezi]

~When will the proliferation of shitcoins in crypto space stop? Who will check mate the proliferation of shitcoins?

No, it will repeat itself. in every profitable land, there will always be cunning people who want big profits by taking advantage of the losses of others.

scams target you.
no one can really help but yourself. so the most important investment for me is knowledge and experience. with this, we can adapt to any ecosystem with the right strategy. I was still learning little by little, joining more experienced friends, so that I slowly began to know suspicious projects and potential ones. Take it easy, this will take time, as long as you don't get greedy and easily influenced.

[kawetsriyanto]

Since no institution will check the shitcoins, everyone should participate to report the shitcoins if you find it out. You can report the shitcoins or scammers to "Scam Accusations", we will check it together in this section. Also, sometimes there are some websites that also participate to collect the information of scams or shitcoins. They spread out the information to the public, so everyone can stay away from the scams or the shitcoins.

[Ridwan Fauzi]

Honestly, the scam project and shitcoin will never stop floating around in the crypto world. They (con developer) will see the crypto currency as a space which really promises them to get a big profit from the results of the fraud. Because there is no parties who will manage and pay attention to crypto developments.

It is depend us as the user, we should have a good understanding to the new project. So as when the fake developer make a new project and offer something very promising with very low capital, the project must be seriously suspected. We have to know first the ins and out of the project itself, don't only be tempted by someone who just offering that the coin is promising and can beat bitcoin, it doesn't make sense.