Shit coins era is going to end

[bittick]

When the Red Market is long time or almost a year, there are automatically many shit coins that die, only a few have the capital for pump, but in the morning the pump is already red again because of the many investors who immediately sell, this is a good thing that the bear market be a selection to remove the shit coins.

this is only temporary, once there's bullrun that comes, the shit coin gonna resurface again and would definitely try to scam many again, this is the thing with shit coins, it's always seek the right chance in scamming people out there which of course gonna results in so many people losing money because people are greedy in general.

[Maidak]

As long as shitcoin can generate hype, can generate big profits in short time, its era will never go away, shitcoins always come back and get more crowded every time the bull season comes. Although shitcoins causes many problems related to scams or investor losses, it also creates hype, generating attention for the crypto market. Thanks to the hype of shiba last year, the market has also attracted the interest of many new investors from other markets, this is also the other side of shitcoins.

This is an open and unregulated market so obviously shitcoins will continue to exist and shitcoins are now part of the market, it brings diversity to the market.

[judaspriest]

this is only temporary, once there's bullrun that comes, the shit coin gonna resurface again and would definitely try to scam many again, this is the thing with shit coins, it's always seek the right chance in scamming people out there which of course gonna results in so many people losing money because people are greedy in general.

They will design another shitcoin after the old shitcoin dies, so shitcoin will never disappear because scammers on past projects have raised hundreds and millions of dollars from shitcoins, so make sure you are not interested in investing in new projects offered by anyone, you should avoid investing on shitcoins and some new projects, so choosing a top coin is a safe investment condition for the long term.

Whoever it is before investing in shitcoin or a new project think carefully because the risk is big,
indeed not all new projects are scams but it is also not easy to find a really quality project,
the top coin is indeed the safest choice

[abel1337]

Well to be honest to be honest, I don’t believe that the Shitcoin era is going to go away since people are always trying to find the next get-rich-quick coin. Now even more than ever newer "shit coins" are being created every day.

People who don’t know much about the crypto space will probably buy those types of coins thinking they will be able to make a short-term and fast profit.

Yes, it's psychology. And it mainly benefits the big players in the market, such as exchanges or funds, who manipulate shitcoins as they see fit. You could say they are making money out of thin air on naive people. As long as such a scheme works, then shitcoins will not disappear. Time after time, the altcoin story repeats the same scenario.

The ironic part is that big players who are benefited by such tokens are swaping the profit made to bitcoin as soon as possible, while most investors lose their money holding priceless coins.

Once the demand for cryptocurrency rises again we will see many new projects and concepts being launched. Developers are just waiting the right moment for that, because if they did it now, it wouldn't be profitable for them, as they know there aren't many speculators around at this moment to pump their tokens and create hype.

You are correct in your argument that it is not profitable for developers to release a finished product during a bear market, because no one would notice it in such an environment. But I don't agree with speculators pushing the price up. This is done by manipulators (exchanges or big players) just to attract speculators so that as many people as possible buy the coin. Such an example would be Ustc or Luna classic, which was pumped up again and attracted new speculators, most of whom will lose money.

Well everything has it's timing and as of now, It is proven that the best time to release a project development results is before bull market arrives, This creates a good traction with the project and developers will be more active since they are gaining feedbacks from their works and obviously they will sell especially if their project is aligned with the trend. We all should be smart in investing and finding timing on our investment, We all want to get profit right?