How long will this scam go on?

[henmark]

I can feel the frustration but as long as crypto currencies exist, there will be good and shit coins both and in good numbers. The main reason is because anyone anonymously can create their coin, do scam ICOs and even airdrops them to everyone to later dump when it hits an exchange.

I don't mind these things because its like the real market, there will be scammers all over the marketplace but that doesn't mean we stop using it. It only means that we have to be more careful.

Talking of being careful and selective, investors have already stopped investing into scams and are very picky now and do their complete analysis before investing anything. Unlike few years ago when any ICO gained millions, now ICOs are barely even reaching their soft cap which shows that investors have become very cautious and the naive ones are already scammed I think.

[oemar bakrie]

we ourselves will not know when and where it will end because the nature of shitcoin is only good at upfront sales, and that's where we ourselves have to stop the breeding, for example don't follow or buy when the ICO starts..

[imstillthebest]

we ourselves will not know when and where it will end because the nature of shitcoin is only good at upfront sales, and that's where we ourselves have to stop the breeding, for example don't follow or buy when the ICO starts..

we know that scams in the form of creating a shitcoin have stop when every new coins coming out are all good not only from the start but also up to finish . following a shitcoin project is not worst as investing on them and you follow because you have intentions like busting them after proving that they are a scam and not because you are interested on them .
make sure that we know who is the real shitcoin because there are so called shitcoins but arent really a shitcoin .
they are not the real enemy

[calandra78]

Actually this is more for the developer of new tokens through new projects too, because if the token developer and new project creators have started to stop working, there will be very few scam projects and shitcoin will not be reborn.

is that a guarantee? look at projects that are really serious about developing their platform. we can see it sticking around for a very long time in the market with consistent support. I think there are many projects like that. but new projects create new nuances in the crypto market. it is also necessary. but all of them are misused by fraudsters to get more money. There may be more scammers, but I think investors and players in new projects are getting better at choosing the projects they deserve to participate in.

[KaratX]

It's a waste of time hoping that scam will seize to exists in crypto space, a place where millions of dollars is flowing through every single day? It's impossible, scammers will always be in this space and it's left for investors to find the right ways to avoid investing money on scam projects

[matchi2011]

we ourselves will not know when and where it will end because the nature of shitcoin is only good at upfront sales, and that's where we ourselves have to stop the breeding, for example don't follow or buy when the ICO starts..

No one knows when the scam will take palce, some scammers allows early takers to earn and let them enjoy the benefits.
Trying to attract more investors to join and invest while waiting for the amount of money that they are trying to run away.

You need to make more efforts not to fall and being victimized.

[acener]

The scam would go on because there are so many people who are trusting the new project even if their vision or road map is so suspicious or so hard to achieve.
I don't even know why people keep on investing on those kind of project and thinking that it would be the next big crypto.
The one's who should be blamed are those who tolerate it but what could we do everyone wants to try their luck and follow the step of those who gain so much being an early investor just like what happen in some early Bitcoin investors.

[Willitivity]

There's no one to checkmate all the crypto projects that are out everyday in crypto sphere, this is a decentralized space so there's absolutely no regulation for new projects, that's why there will always be shit projects coming out everyday, you have to be really careful when investing in any new project cause most of them are scam projects, this is why carrying out a thorough research before investing important, to avoid falling into the traps of this wicked scammers out there.

[kesmex]

There's no one to checkmate all the crypto projects that are out everyday in crypto sphere, this is a decentralized space so there's absolutely no regulation for new projects, that's why there will always be shit projects coming out everyday, you have to be really careful when investing in any new project cause most of them are scam projects, this is why carrying out a thorough research before investing important, to avoid falling into the traps of this wicked scammers out there.

Yes indeed in our cryptocurrency it is very difficult to detect that the project is a scam or not,
maybe my advice before joining the project make sure we have to research first,
at least it can prevent a little so that we can be careful in choosing projects

[ChiBitCTy]

Shitcoins are going to be around as long as people keeping buying them.  The fact of the matter is outside of the coins you listed ( which I believe you should also be including Monero and Litecoin ) there isn't much in the way of good projects out there.  Why not focus on the coins with a legitimate future rather than trying to strike gold sifting through all sorts of coins that likely will not have any future.

[ningrum]

Shitcoins are going to be around as long as people keeping buying them.  The fact of the matter is outside of the coins you listed ( which I believe you should also be including Monero and Litecoin ) there isn't much in the way of good projects out there.  Why not focus on the coins with a legitimate future rather than trying to strike gold sifting through all sorts of coins that likely will not have any future.

It's also true that shitcoin will always be around while someone still buys it and that's the cycle,
It is better if we focus on coins that have great potential and a good future,
because if we focus more on coins that don't have that I think we'll be wasting our time

[bitgolden]

I can feel the frustration but as long as crypto currencies exist, there will be good and shit coins both and in good numbers. The main reason is because anyone anonymously can create their coin, do scam ICOs and even airdrops them to everyone to later dump when it hits an exchange.

I don't mind these things because its like the real market, there will be scammers all over the marketplace but that doesn't mean we stop using it. It only means that we have to be more careful.

Talking of being careful and selective, investors have already stopped investing into scams and are very picky now and do their complete analysis before investing anything. Unlike few years ago when any ICO gained millions, now ICOs are barely even reaching their soft cap which shows that investors have become very cautious and the naive ones are already scammed I think.

That is not the reason why there is scam, fiat is not anonymous and you can't make your own money up and make people accept it, but yet in fiat world people are scammed every day, scam industry is a 22+ billion dollar industry making it one of the biggest one in the world, and only a tiny portion of it is in crypto, from online scammers to regular old "Nigerian prince" like systems to business world there are so many scammers in the world that even instagram shops that "sell" something but close shop as soon as they get the money basically covers only one in a million percent of it, so you can believe that world is filled with a huge amount of scammers. What can we do?

We can be more careful, both in crypto and in fiat world you have to be careful, do not ever give your money to anyone without the guarantee of them actually getting you back, otherwise you will lose a lot of money and there will be no return.