How long will this scam go on?

[Gunday_07]

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 long as crypto remains profitable, as long as new money are flowing into crypto industry Scammers will never leave this space, they will keep finding flaws within crypto users, they will keep finding new investors that have no experience about real and fake projects, it's left for us to avoid scam and fake projects ourselves

[Inkdull]

Don't mind, what your top priority should be is figuring out with which projects will worth your every penny, remember, without good use case or good utilities there is no chance of survival, scammers will only pretend to have something good to offer, ask them deep questions and you will see they don't have good answers

[JHORN]

Scammers have been in existence like forever, there is no way to stop them, people who scam derives pleasure from hurting people like themselves and swallowing innocents people's hard earned money with no remorse, they are indeed wicked people, we just have to learn how to avoid getting scammed

[akirasendo17]

the scam will never go away, I think its the responsibility of the trader or investor to double / Triple check what company you are going to join or invest in, the only reason people get scam is that they look at the return, counting eggs while it does not even hatch, there are lots of tutorials even warnings to learn to spot a scam, why not try to invest on a well-known company, what you mention are buyable token yet you spend your money on unknown coins.
don't just hear what they have to say, study what they are all about for sure it will be better for you.

[raidarksword]

Greedy people existence will also be undying of scam schemes in the internet, they cannot be stopped because they will just comeback all over again especially in this industry wherein they just create another scam crypto projects from the scratch and steal again money from people.

[gabbie2010]

Profits earned from investing in bitcoin or ethereum is quite reasonable thus why will I invest on unworthy or shitcoin with hope of earning 10x or 20x at in a long run whole project turns scam, some gullible investors are having a mindset of making money quickly thus they do not bother to research on the major coins, Bitcoin once dropped to $4K in the wake of the first wave of Covid-19 last year some investors capitalized on the price pullback and bought low then, incredibly they are in profits now having invested wisely.

[isaac_clarke22]

~

Thing is that's why they're called top coins in the market is that they aren't shitcoins. The numbers in reputated market tells us the charts hiding the technical aspects behind those price we see. Nobody can stop the "proliferation of shitcoins" as you mentioned. Scams are natural part of cryptospace already. It's just those investors that feed these scammers that's why they keep coming back in the market and to this forum actually. They're everywhere.
At any space, there will be always that bs word even outside the cryptospace.

It's like saying how long til robbers, thieves, and pirates stop doing their thing even if there's an imposed law and authorities in charge of those.

Even if we got scam busters here in the forum, there are still pretty much scammers outside the forum.

[shoreno]

If you afraid of losing money then don't invest in the new projects. Scamming will never stop because it's easily for them to make some money on internet, the scammers were really ruined the image of cryptocurrency. You better to stick in the top cryptocurrency at least you can make some profit just keep hold.

scammers ruined the image or the reputation of cryptocurrency , that is what all are saying but i wont agree with that because if that is true why most of the cryptos are still succesful ? why there are still people that invest and why the market cap or the price of cryptos are still growing . and to those that who easily believe that cryptos are scam , they are just light headed or have a small imagination on them  . loosing is still possible even if op will only stick on the coins that he listed and infact new coins can sometimes perform better

[blckhawk]

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 be gone as long as there are people falling into their trap they will always continue but what you can do to avoid them is to don't pay attention to them just stick up to those top listed coins across the market as much as possible invest in Bitcoin but it's up to you. One thing to avoid them is to make your own research by that way you can reduce the odds of getting pick shitcoins. Honestly, there are a lot of good altcoins out there but you need to dig up for them in order to make gains out of it.

[Chainsmokers]

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 be gone as long as there are people falling into their trap they will always continue but what you can do to avoid them is to don't pay attention to them just stick up to those top listed coins across the market as much as possible invest in Bitcoin but it's up to you. One thing to avoid them is to make your own research by that way you can reduce the odds of getting pick shitcoins. Honestly, there are a lot of good altcoins out there but you need to dig up for them in order to make gains out of it.

the point is investing in a coin must be careful from all aspects without accuracy, of course, you will get shitcoin and can  losses maybe top coin is the way out because top coin has establishment in all respects The price can defense and when it goes up going to the moon like the current condition

[Quidat]

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?

Stopping? No they wont and since this is a free market then everyone can freely make their own coins and taking a shot to have some marketshare into this place.
Scams are typical and we know that this isnt limited only on crypto but this had been existing over the years talking in other markets as well or things that do
really connect out some big money. People have those criminal intentions is always present thats why on saving up your ass towards this then you should
really be aware on things that is happening around, dont make yourself getting fooled so easily because if you dont just make use of your own common sense
then that would really be resulting into lots of mistakes.

[crazy-pilot]

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?

I think your path may be quite simple. Study all possible scam projects for which you have the strength. Study the most popular scams that managed to deceive people, study the average scams that managed to declassify in time, but which all just managed to cash in, and study those who were already exposed at first. This will help you get a picture of what is happening and understand what connects all the scam projects to each other.

[Janation]

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?

I think your path may be quite simple. Study all possible scam projects for which you have the strength. Study the most popular scams that managed to deceive people, study the average scams that managed to declassify in time, but which all just managed to cash in, and study those who were already exposed at first. This will help you get a picture of what is happening and understand what connects all the scam projects to each other.

Still, we should be all careful.

Not all of the scams happening are the same scams although most of them have the same process or same way of scamming people. As long as we see projects or coins that are so good to be true, there is a high chance of it being a scam. With thousands of altcoins on the market, there are a huge number of scam out there.

[ReliabilityAlert222]

As a forex trader, I always try to select a potential coin/token for block chaining.There are many ways to select a merchaneble coins, the coinmarketcap is one of them. Here we can findout a history about my climed coin which I have chose for investment. And another reliable way is coins forum where we can discuss about protential coins and many of the legendary members could be assist with a would be trader and also we could be able to aware about shitcoin coins or tokens. So, follow the legendary instructins and get a logical solution.

[rahmatullah9305]

The word “scam” can now be used to insult or criticize any modern crypto project that looks doubtful or is obviously a gamble. But scams are also different. There are deliberately losing projects that disappear immediately after collecting money. Or those who have scammed due to external circumstances, sometimes such projects even pay compensation to their users.

Because those words are very familiar in the crypto space and are very suitable for use in projects with unclear directions, because there are no other words that are more suitable for projects that deceive many people.

[tvplus006]

The proliferation of shit coins will never stop, it is better that you should invest in the old coins than investing a new coins or a projects that has chances to be dead or will turn to scam in the end. Investing in the new project is very risky but if you really want to gamble to make big profit then you should do your own research so that you know if their project has a good plan in the future.

Getting high profits encourages investors to invest their money in new projects. It is for this reason that I allocate part of the budget for the purchase of new coins on DEX. But this risk will be justified if it is done by an experienced investor who is able to choose a promising coin, and not by a novice who will surely lose his money.

[Myleschetty]

The proliferation of shit coins will never stop, it is better that you should invest in the old coins than investing a new coins or a projects that has chances to be dead or will turn to scam in the end. Investing in the new project is very risky but if you really want to gamble to make big profit then you should do your own research so that you know if their project has a good plan in the future.

Getting high profits encourages investors to invest their money in new projects. It is for this reason that I allocate part of the budget for the purchase of new coins on DEX. But this risk will be justified if it is done by an experienced investor who is able to choose a promising coin, and not by a novice who will surely lose his money.

Well said about that, as the above user said the creation of shitcoin will never stop and it the investors that ought to improve their understanding about cryptocurrency investment and choosing old coins as advised by the above use doesn't justify the risk and if check CMC there are a lot of old coins which are currently inactive.
It better to have good knowledge.

[NextDoor125]

You really can't stop the people from creating new shit coin. Shitcoin/scamcoin from altcoin to token will continue to exist because scammer also need the money for living. Do your own research before investing in new coin because i see ton of them pop out everyday. I prefer top 50 coins on the coinmarketcap to avoid shit coins.

[Mtaiwo]

as long as crypto currency keep existing, so what i just think is that care need to be taken while taking decision on any coin of choice, because most project that become shitcoin  some of them are legit at inception, they become such due to improper plan, though some project are real scam project.

[FinneysTrueVision]

A lot of shitcoins just disappear by themselves. People stop trading them and developers stop working on them. Eventually they will get delisted but then new shitcoins will arrive to take their place and the cycle continues. In the end the market seems to prefer Bitcoin so it is not something that worries me so much. It is unfortunate that some people will get scammed but it is a lesson that will be worth learning for them to not invest in useless garbage.