Shit coins era is going to end

[Eternad]

You are right, but maybe with a different concept than now.
The crypto market will continue to experience different hype every year. And there are ways for scammers who intend to follow the hype. maybe now the shitcoin is starting to fade but if the market turns bullish again there will be people who invest in the shitcoin.

That is why it is difficult to predict the crypto market because every year is different,
scammers always have a way and indeed for shitcoins of course when it is bullish it becomes a good time to invest,
we know that shitcoin is very risky and with bear market conditions I think it would be reckless if someone invests in shitcoin

We must also be smart as time passed by in determining scam projects. There were so many altcoins now and even before that seems to be just a copy of another project, some didn’t have any real use and value. In time only those top altcoins and uses in the market even in physical life will have it’s value. We must already learn from ICO, IEO or Defi that gets too much hype that many projects arrive and become scam. We must study well  where we invest our hard earned money.

[danherbias07]

I thought there was a reason why they will end upon reading the title.
Sadly, it won't end and I will vouch for that. Many developers will do the same trick hoping there will be stupid investors who would bite their traps.
It will happen a lot of times as long as creating a smart contract is too easy.
They don't even need a whitepaper, a good project, or a team as long as they can hype it in social media there will always be buyers that would support their scammy ideas.

[zasad@]

There are many other shitty coins. Hundred different concepts. None of them has proper utility.

Hope its a end of those shitcoins.

Since so many people come to this market who want to get rich quick, shitty coins will not stop appearing. Fraudsters will always try to be like the most popular projects. There are still a lot of projects being registered that are related to the metaverse, but most of these projects will be scams in the future. The same can be said about many NFT projects.

[wheelz1200]

Many useless coin projects emerged between 2019-21. Most of those projects are shelved in 2-3 months. I don't know whether this is because of bearish trend or people's awareness, the number of shitcoins projects are declining. I observed them various sites like coinhunter, coinvoter, gemfinder etc.. This is a good move. But if market gets bullish again, we have to see whether they born again out of nowhere.

Even if they give a comeback when market picks up, I don't think they are going to succeed. Because people who are in already crypto realised the importance of utility.   People who are new to crypto should do little research. That's enough for them for not falling in the trap.

 Few funny and shitty project examples :

 - The holders of coin earn for every transaction. That sounds nice. But they need to pay tax for every transaction. What does coin actually do? Nothing. They will say they make it as alternative for bitcoin. Oh really, with 15% tax on every transaction + gas fees, people really think your shitcoin is alternative to bitcoin

- Charity tokens. These project want to donate for good cause. That's really good intention. But how does money come? They get it by selling coins. They sell it by saying they can earn by holding and staking? How? Again buy and sales tax comes into picture. Without proper utility how does it can survive?

- Gaming token. They don't even have game yet. But they release the tokens first. We can understand they are using this tokens as raising for funds for development of game. But they don't even have a prototype. They just have a nicely edited video. Those game concepts are very silly. They don't expect whether people play it or not. They expect holders of those token to play. (I listened this dialogue from a project owner in a AMA).  Holders of the coin should invest in the project. He says holders will play as their money is involved in the project.

There are many other shitty coins. Hundred different concepts. None of them has proper utility.

Hope its a end of those shitcoins.

Been around for a long time.  Long enough to see multiple cycles.  Just wait for the next bull cycle and ypu will see these altcoins (not the same ones but new ones) reappear out of no where.  Greed...that's it.  People will drive the price high on all of these for no other reason than greed.  Until greed leaves the market alts will stay, and greed isn't leaving so get used to it lol.

[serjent05]

Many useless coin projects emerged between 2019-21. Most of those projects are shelved in 2-3 months. I don't know whether this is because of bearish trend or people's awareness, the number of shitcoins projects are declining. I observed them various sites like coinhunter, coinvoter, gemfinder etc.. This is a good move. But if market gets bullish again, we have to see whether they born again out of nowhere.

The creation of shitcoins never ceases to exist.  Every day there are lots of shitcoins created and even though many of them are DOA, many still are able to establish its community and last for years.  No matter what the market is may it be bear or bull, shitcoins developers continue to produce shitcoins with an aim of a money grab.

Even if they give a comeback when market picks up, I don't think they are going to succeed. Because people who are in already crypto realised the importance of utility.   People who are new to crypto should do little research. That's enough for them for not falling in the trap.

They are created to fail, that way after the shit developers amass a huge sum of money, they are free of responsibility once the project got doomed.

There are many other shitty coins. Hundred different concepts. None of them has proper utility.

Hope its a end of those shitcoins.

Only a few of the existing cryptocurrency have utility, that is the sad fact, IMO.

[lalabotax]

During this bearish era, many shit coins will be falling down and going to be dead.
But, does it mean that the era of shit coins will end?
I am not sure about that. For, there will be many more new projects created and going to be shit coins, moreover new projects that are raised with the hype, they will commonly be shit coins.
because of this pehonmena, we must be aware that being carefful is not enough, we must be also smart in choosing the crypto for invetsment. Never end with the shit coins

[bittick]

shit coin will never end, in the past there were many shitcoin trends in different name, right now it's meme coin that's basically just shit coin, you just never know which trend from shit coin that's gonna appear in the future, moreover even meme coin that's basically just shit coin still gonna be there maybe for another decades.

[malcovi2]

I hope shit coins will die soon but after years waiting for that things to happen and opposite thing happened like the population from the shitcoin was going up even higher than before. There are so many scammers that are always producing more and more scam tokens or shit coins in the market. It's very hard to tell that if era for shitcoin will come to its end. Even if it's die and it will always still available in the market.

Shitcoins wont stop until people stop buying into. Thanks to our celebrities for promoting dumpster fire coins and obvious scams and also its easier to get your coins listed now compared before.
People can buy services to get their tokens minted and listed on dex exchanges this is why people no longer have interest in long-term projects are just set into buying shitcoins hoping for a quick x2-5 return.

[goinmerry]

Actually, you don't have to stress yourself if there are shitcoins playing around.

If you don't like them, just ignored those and just focus on what you think a worthy coins.

And besides, since when does shitcoins do have their own era? I don't remember shitcoins having a good run since then even those famous ones.

[romero121]

I hope shit coins will die soon but after years waiting for that things to happen and opposite thing happened like the population from the shitcoin was going up even higher than before. There are so many scammers that are always producing more and more scam tokens or shit coins in the market. It's very hard to tell that if era for shitcoin will come to its end. Even if it's die and it will always still available in the market.

Shitcoins wont stop until people stop buying into. Thanks to our celebrities for promoting dumpster fire coins and obvious scams and also its easier to get your coins listed now compared before.
People can buy services to get their tokens minted and listed on dex exchanges this is why people no longer have interest in long-term projects are just set into buying shitcoins hoping for a quick x2-5 return.

These days it has turned to be more common for the celebrities to promote projects without thinking of its outcome. All they want is the money. People only needs to have awareness than simply falling for the words of the celebrities.

Whenever there is talk of big return we should do more analysis about the project. A team will focus on growth, but it will never give words of certain level of growth will be achieved for sure. When someone promise for it, careful investing on those projects.

[Iyeman]

Tell those gamblers to the shit coins to stop buy more and more shit tokens for gambling purpose. As long as there will always be people who gambling with the shit tokens and im not feeling doubt if the shit token will always exist no matter what happened with market.
The problem is there are so many gamblers., If these gamblers are not buying shit token and then shit token will die

[coinerer]

Tell those gamblers to the shit coins to stop buy more and more shit tokens for gambling purpose. As long as there will always be people who gambling with the shit tokens and im not feeling doubt if the shit token will always exist no matter what happened with market.
The problem is there are so many gamblers., If these gamblers are not buying shit token and then shit token will die

If buying shitcoin can be stopped then of course it will be ended but is it possible? Because new coins are constantly being added to the market. I saw a few days ago on coingecko.com that there were only a little over 12k coins but today I see it is over 13k+. Gambling is done by these tokens. Again most people invest with having the awareness. They just consider it as the winning lottery. So I think there is no way to stop the shitcoins.

[TastyChillySauce00]

It will certainly not end, only new ones will continue to emerge. When we look at the years between 2017 and 2022, we saw 2 bull seasons. A large part of my projects that emerged during the bull season in 2017 went to waste and new ones emerged with the fomo of the bull season between 2021 and 2022. So what I mean is that as of fomo, the vast majority of old shit coins just go to waste and are replaced by new ones.

True, This cycle will never end. I meant we must aware with this cycle that happened since a few years ago. The fact that if new shit tokens will be coming as a replacement for another one who already dead. The scammers will always creating more and more new tokens. Since the protocol was decentralized and there's no way to stop them all. Thinking about the era for shittoken will be going to end as soon as possible is pretty naive. It's caused by the trust was saying the opposite thing.

[mdzahed134]

I don’t shit coin eara will be end, we can't stop to come such projects in the market, because some people try to make money 5x-100x by shitcoins investment, sometimes they're success but mostly people's lost their fund, because all of the projects aren’t shiba inu, where early investors got big profit. Market is bearish so that mostly shitcoins are going dead but those are waiting for the bull market.

[NewRanger]

I don’t shit coin eara will be end, we can't stop to come such projects in the market, because some people try to make money 5x-100x by shitcoins investment, sometimes they're success but mostly people's lost their fund, because all of the projects aren’t shiba inu, where early investors got big profit. Market is bearish so that mostly shitcoins are going dead but those are waiting for the bull market.

need long time for market to recover investors trust about shitcoin after Soo many shitcoin dying now. Maybe investors Will thinking many time to get it, i am agree with you its truely be speculation purpose to get multiple gains in short time. Alot people want get their luck just like in Shiba ibu project, but fact said different.

[serjent05]

Tell those gamblers to the shit coins to stop buy more and more shit tokens for gambling purpose. As long as there will always be people who gambling with the shit tokens and im not feeling doubt if the shit token will always exist no matter what happened with market.
The problem is there are so many gamblers., If these gamblers are not buying shit token and then shit token will die

If buying shitcoin can be stopped then of course it will be ended but is it possible?

At the current state of the cryptocurrency industry, I do not think it is possible for the creation of shitcoin to stop.  There are still no regulation on how crypto project is created.  I think it will be minimized if the government intervene and requires cryptocurrency start-up to be registered  other than that, I do not think there is any solution to stop the shitcoin era.

Because new coins are constantly being added to the market. I saw a few days ago on coingecko.com that there were only a little over 12k coins but today I see it is over 13k+. Gambling is done by these tokens. Again most people invest with having the awareness. They just consider it as the winning lottery. So I think there is no way to stop the shitcoins.

True, they are constantly created, sometimes I got a hunch that most of these shitcoins are created by some group of individual, taking advantage of trend and hype in order to confuse and make a money grab on the unsuspecting investors and newbies.

[KingsDen]

I don’t shit coin eara will be end, we can't stop to come such projects in the market, because some people try to make money 5x-100x by shitcoins investment, sometimes they're success but mostly people's lost their fund, because all of the projects aren’t shiba inu, where early investors got big profit. Market is bearish so that mostly shitcoins are going dead but those are waiting for the bull market.

As long as the crypto industry continues to exist, shit coins must continue to exist and also scam must continue to exist. Shitcoins/scam coins are not complementing or accompanying the crypto industry. They are part and parcel of it and will continue to exist as long as the industry exists.
It seems it slowed down because of bear, it will remain this way until after the halving, you will see another phase of shit coining.  What is required of everyone is to know the direction they are going and stick to it if it's reliable.

[PX-Z]

No, not today, even in few more years. This so called shitcoins are the ones sometimes firing up the boring area of crypto. Where it indirectly influence people to trade other shitcoins and grows hype to the crypto community, although it's only temporary, it will burst later on.
Also, the bad side of it. Where the whole community is attacked because of on X project scammed it's users or the platform is hacked.

Because bitcoin is always be bitcoin, no more feature it can possibly be added, people only getting hyped when a practical BIP is introduced, and getting hype from influenced people or some specific country's government decision.

[Tony116]

I don’t shit coin eara will be end, we can't stop to come such projects in the market, because some people try to make money 5x-100x by shitcoins investment, sometimes they're success but mostly people's lost their fund, because all of the projects aren’t shiba inu, where early investors got big profit. Market is bearish so that mostly shitcoins are going dead but those are waiting for the bull market.

need long time for market to recover investors trust about shitcoin after Soo many shitcoin dying now. Maybe investors Will thinking many time to get it, i am agree with you its truely be speculation purpose to get multiple gains in short time. Alot people want get their luck just like in Shiba ibu project, but fact said different.

As long as the bull market returns, new shitcoins will appear again. I think it doesn't take time to restore confidence, for old investors, they are familiar with shitcoin and there are a lot of people willing to invest in it as long as it can be profitable for them, they know its risks but they are willing to invest. The newbies, who like to get rich overnight will be attracted by the huge ROI of shitcoins generated. It can be said that shitcoins will never die, they will always be on the market, it is a shark's favourite enrichment tool so don't expect them to disappear forever.

[FinneysTrueVision]

We will never see an end to new shitcoins. It is too easy to launch a new coin anonymously and then when your token goes to zero you just launch a new token. There is always some influencer with no shame who is willing to promote even the shittiest of shitcoins. There is always somebody willing to buy these tokens so the motivation will always exist to keep launching new tokens.