The way things are going with new crypto is worrisome

[AmoreJaz]

Almost everyone I knew now creates their own tokens  these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only a few qualified people knew how to build blockchain projects.

It has been happening for years and scammers have been using this strategy to fool people, especially new investors. It's a good thing that most investors have learned from their past experiences where in they have lost their funds in fake projects and worthless tokens. We're always advised to be skeptical and observant especially when investing in new projects because this thing is uncontrollable and scam tokens will always exist.

it is good for old timers where they experienced losses before. but this market will always have newcomers and they will also learn a thing or two in this market once they got screwed with their investments. these scammers are banking on newbies that don't have much info how get-rich-quick scheme is being deployed in this market.
some don't even change their style. but as you got your experiences along the way, you can easily spot crappy or scammy projects.
we can't totally eradicate these scammers because they grow like mushrooms. so it is on your end how to avoid being screwed by these fraudsters.

[Natalim]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only a few qualified people knew how to build blockchain projects.

It has been happening for years and scammers have been using this strategy to fool people, especially new investors. It's a good thing that most investors have learned from their past experiences where in they have lost their funds in fake projects and worthless tokens. We're always advised to be skeptical and observant especially when investing in new projects because this thing is uncontrollable and scam tokens will always exist.

Some had learned already but some did not. Many still fall into scam projects and this becomes worrisome that it could ruin the image of crypto for the coming years if this situation and market tricks never stop. I believe there is a way to help these newbies avoid scam projects through awareness but too unfortunate that many of them still having a hard time even doing searches and reading in the scam accusation board.

For as long as many remain lazy and greedy, scamming and scam projects will still exist no matter what we do.

[dunfida]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

How to create a cryptocurrency in just $2?
https://www.youtube.com/watch?v=G6shRPixqVY

Plus having those easy steps or tuts on how to make erc20 token based coins which we had been flooding out in the market.
Its not surprising that there are lots of people been scammed due to those promises.

[goaldigger]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

How to create a cryptocurrency in just $2?
https://www.youtube.com/watch?v=G6shRPixqVY

Plus having those easy steps or tuts on how to make erc20 token based coins which we had been flooding out in the market.
Its not surprising that there are lots of people been scammed due to those promises.

Its easy to create shit tokens, and its also easy to see their worth especially if you already have the experience on this market where almost all the new tokens are not worth buying. Be very careful, don’t buy new tokens that seems to good to be true, this a problem since then where everyone can create their token, its not alarming anymore. The only way to stop this is not to buy them at all, don’t be a victim of those tokens.

[yazher]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

This kind of practice has been happening since 2018 and they are the reason why the other real project is hard to find because they mimicked the plan of the real one and they also give some false promises to their participants which make you think they are the legit project as well. Until now, whenever there's some project that will gonna pretend to be legit by creating the same popular coins or tokens. You need to be vigilant because most of them are pump and dump projects or they are nothing at all just created by a lazy guy trying to impress his friends.

[evichi]

The intention/purpose of developing the coin/token is very important. A good purpose backed by proper financing coupled with experienced personnel with expertise and hard work will see the project successful. Though the CEO may not be an expert but if he/she hires experts and with positive approach, the project will be successful. The problem is having negative intention to scam and defraud people from the onset. Most times such scam projects usually end up unsuccessful because in no distant time people will come to know that the project is a scam. The project will die naturally. A typical example of a scam project that I have experienced as at 2017 was the Swisscoin project. It ended up being a scam. I invested about $360 in that project and got nothing out of it. It was even listed in CMC then. IMO, the project owners already had the mindset to scam people and which they did. Please correct me if you were a participant in the Swisscoin project. The intention most times is what justifies the project, though finances can actually affect project as well. Though It is worrisome that there are many scam tokens flooding the crypto space, however, most times those scam tokens end up in the dust bin/die naturally. What is bad is that they may have scammed some people before the project dies off.

[Garsipop]

developing crypto from year to year is indeed very fast and changes people's lives to be more creative, actually it's all very good if you do it according to the flow or rules if you want to become a developer to make your own crypto but it's all misused by looking for unsportsmanlike benefits..and I'm sure not all are like that, we just need to be careful and don't get into that negative circle.

A lot of new projects apper everyday, but not all of them will be able to survive. A lot depends how usefull will be a project in future and how many people will use it.
Now appear whole game Metaverses like this https://twitter.com/PokerFacesNft/status/1501518730970513416
They offers their users a lot of new and useful opportunities.

[husdemba]

These determinations are right until the end, but the task falls to us here. We should always be more conscious and support those around us in investments. Unfortunately, fraud exists in every organization in the world 

[newdevices]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Yes, shitcoins appear every day in the crypto space. From an investor's perspective, I have criteria to evaluate a project, so there are many shitcoins, but if you don't care about them, they will be completely harmless to you. Either way, complaining won't solve much. If your actions aren't enough to change its course, then don't worry about it. Everything will be fine over time.

Such is the reality and we cannot stop the emergence of shitcoins where every day there will always be new shitcoins in crypto,
it's better to focus on coins that have potential and don't care too much about shitcoins,
obviously it all depends on each person's decision

[cryptosru]

A lot of new projects apper everyday, but not all of them will be able to survive. A lot depends how usefull will be a project in future and how many people will use it.
Now appear whole game Metaverses like this https://twitter.com/PokerFacesNft/status/1501518730970513416
They offers their users a lot of new and useful opportunities.

Gambling always was popular in all times and in all countries.
Thanks cryptocurrency and blockchain gambling will become more clear and transparent.
It will be more trust to gambling, poker and casino.

[isaac_clarke22]

~

You can make a website without coding, though my concern for that is how would they learn blockchain programming without even learning the fundamentals of basic programming languages (data types, variables, operations, etc...). I wouldn't be surprised if these "everyone" you knew became a scammers after their first few projects.
I wonder how are you reacting to their decisions, OP.

[Silberman]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Unfortunately this has been the reality of this market for a very long time, creating a useless coin is incredibly easy and anyone with an access to a computer can do so, now a great deal of those coins never go anywhere, and if that was how all of those stories ended then that would be fine, however there is a small amount of those coins which eventually gain enough attention and eventually millions of dollars are invested in one of those projects, then the developers simply sell their coins for bitcoin, the price of the coin crashes, it never recovers and eventually the project disappears, leaving a few people with a lot of money and the vast majority which lost everything they invested in the project.

[kaya11]

In reality, Most of the CEO or executives of the project is not well verse on smart contract coding. They are just creating idea that will be implement on smart contract. They are just hiring smart contract developers for the coding and other personnel for the technical side of the project. The owner of the project is not necessary required to know smart contract as long as they have the project idea then they can run properly the project with the right developer.

The problem is if the hired coders have back up plans in case the project succeeded, getting ahead of their boss and hogging all the credits. The CEO should think be making rules if this happens, a contract that if the staffs do something unusual they would be sued. CEO should've been a coder or an engineer, for he will check most of the codes himself, this is the best way to avoid such things.

[Kasabus]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Yes, shitcoins appear every day in the crypto space. From an investor's perspective, I have criteria to evaluate a project, so there are many shitcoins, but if you don't care about them, they will be completely harmless to you. Either way, complaining won't solve much. If your actions aren't enough to change its course, then don't worry about it. Everything will be fine over time.

Such is the reality and we cannot stop the emergence of shitcoins where every day there will always be new shitcoins in crypto,
it's better to focus on coins that have potential and don't care too much about shitcoins,
obviously it all depends on each person's decision

This will be more risky on part of newbies and even to those who have been here for quite long already but still are not capable to find reliable coins. The bigger the risk, the bigger funds they will bound to lose. But we can't do nothing about this because this is now the reality that market is filled with scam projects. We just need to be more vigilant and be wise in decision making so we will not fall as their victims.

[Rengga Jati]

Currently, not only the professional developer teams that create new tokens or coins, in this case, not the people who are exactly professionals and have a good understanding, knowledge, and also experiences in the crypto indutsyr. BUt sadly, the artists, celebrities, and also other big influencers also crate the new tokens by using their popularity to attract the inevstros. This happens exactly in my country.
But once more, most of them are exactly shit coins because they are only increaisng because of the hype, because of the pump that is spreading by the team, moroever they have so amny followers.
This is sad because right now, crypto relaly becomes a business, mroever by peole who don't exactly know about crypto. Only money focus, not project focus

[lienfaye]

Currently, not only the professional developer teams that create new tokens or coins, in this case, not the people who are exactly professionals and have a good understanding, knowledge, and also experiences in the crypto indutsyr. BUt sadly, the artists, celebrities, and also other big influencers also crate the new tokens by using their popularity to attract the inevstros. This happens exactly in my country.
But once more, most of them are exactly shit coins because they are only increaisng because of the hype, because of the pump that is spreading by the team, moroever they have so amny followers.
This is sad because right now, crypto relaly becomes a business, mroever by peole who don't exactly know about crypto. Only money focus, not project focus

This is the reason why an extensive research is necessary before investing our hard-earned money.

Many projects are just trash created by people who are greedy to make money and riding the hype so they take advantage it. If you're a kind of investor who often follow the hype and not doing your own research, then its likely for you to fall in these scam projects who dont have real use case.

[daxetoken]

A lot of new projects apper everyday, but not all of them will be able to survive. A lot depends how usefull will be a project in future and how many people will use it.
Now appear whole game Metaverses like this https://twitter.com/PokerFacesNft/status/1501518730970513416
They offers their users a lot of new and useful opportunities.

Gambling always was popular in all times and in all countries.
Thanks cryptocurrency and blockchain gambling will become more clear and transparent.
It will be more trust to gambling, poker and casino.

Gambling allows people to understand how they are lucky. That is why it is so popular.
Many people play gambling because they want to check their luck and success.
And sure people want to earn money

[Sanitough]

Currently, not only the professional developer teams that create new tokens or coins, in this case, not the people who are exactly professionals and have a good understanding, knowledge, and also experiences in the crypto indutsyr. BUt sadly, the artists, celebrities, and also other big influencers also crate the new tokens by using their popularity to attract the inevstros. This happens exactly in my country.
But once more, most of them are exactly shit coins because they are only increaisng because of the hype, because of the pump that is spreading by the team, moroever they have so amny followers.
This is sad because right now, crypto relaly becomes a business, mroever by peole who don't exactly know about crypto. Only money focus, not project focus

This is the reason why an extensive research is necessary before investing our hard-earned money.

Many projects are just trash created by people who are greedy to make money and riding the hype so they take advantage it. If you're a kind of investor who often follow the hype and not doing your own research, then its likely for you to fall in these scam projects who dont have real use case.

Shitcoins in the market have been rampant already and i guess we can't do nothing about it but to think of preventive ways on how not to fall for them. And making a depth in research is one way on how we can avoid those projects that are only profit based and not on its real content that would leave impact to its users. This could give more risk actually particularly for newbies as they have less knowledge and experience on crypto so they tend to fall on these and create losses, while knowledgeable ones will always have an edge over them.

[magneto]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

The ease of access for token creation is definitely concerning.

People are now receiving more spam tokens than ever in their wallets and exposed to a myriad of worthless projects that are marketing themselves well but have no fundamental value beyond the hype.

I've also seen an increasing amount of DeFi hacks due to inexperience and unaudited development, but it seems like that during a bear market everyone just turns a blind eye to these common sense things.

[ScamViruS]

developing crypto from year to year is indeed very fast and changes people's lives to be more creative, actually it's all very good if you do it according to the flow or rules if you want to become a developer to make your own crypto but it's all misused by looking for unsportsmanlike benefits..and I'm sure not all are like that, we just need to be careful and don't get into that negative circle.

The purpose of most of these is to create projects and quickly take money out of the market, and use market trends. When a new hype is created in the market, many developers try to use it to scam, and many of these projects succeed in achieving their goals. However, there are many developers who work hard to do something good that plays an important role in the crypto community. So developers who are working with good intentions must appreciate their work. This will allow you to get better work and better innovation.