Shit coins era is going to end

[Silberman]

I don't think the number of shitcoin projects are declining because there's around 21K coins right now on CoinMarketCap, few years before it's only 2K. Growing up from 2K to 21k for few years is really a huge number difference.

I think Shitcoins hype start since 2017 which is already 5 years right now and there's nothing changed so far.

Although I really hate shitcoins, but I don't see any sign shitcoins era will going to end.

Until everyone realize decentralization and privacy is a big concern, shitcoins era will end ASAP.

I think the same as you, I would love for shitcoins to disappear this very moment but this is not going to happen, people love to speculate and to try to earn a lot of money quickly and since coins like bitcoin or ethereum move too slowly for their tastes then they try to look for alternatives, and shitcoins are there to fulfill that need, after all we need to understand that shitcoins as much as we dislike them have a reason to be and if there was not demand for them then they will not exist, and since I believe such a demand will always exist then I can easily guess shitcoins will keep existing as well.

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[Odusko]

We have 21k shit coins to keep steering at for some time, and even this number will change very soon because as long as the cryptocurrency market exists, shitcoins projects will ride along with the trend.
In as much as we hate seeing them, we can clean them out of the market just like that and for a good 5+ since the altcoin boom, this trend of constant growth of shitcoin has been increasingly high.

[milewilda]

I don't think the number of shitcoin projects are declining because there's around 21K coins right now on CoinMarketCap, few years before it's only 2K. Growing up from 2K to 21k for few years is really a huge number difference.

I think Shitcoins hype start since 2017 which is already 5 years right now and there's nothing changed so far.

Although I really hate shitcoins, but I don't see any sign shitcoins era will going to end.

Until everyone realize decentralization and privacy is a big concern, shitcoins era will end ASAP.

I think the same as you, I would love for shitcoins to disappear this very moment but this is not going to happen, people love to speculate and to try to earn a lot of money quickly and since coins like bitcoin or ethereum move too slowly for their tastes then they try to look for alternatives, and shitcoins are there to fulfill that need, after all we need to understand that shitcoins as much as we dislike them have a reason to be and if there was not demand for them then they will not exist, and since I believe such a demand will always exist then I can easily guess shitcoins will keep existing as well.

This is a decentralized market which you cant really stop those scammy developers on keep on creating those shitcoins continually and hoping that they could really snip out tons of money out of those newbie investors.
We cant really make these shitcoin era to end up because as long there are people who do really support or buy these shit tokens then the cycle would continue.This market would be flooded out by lots
of coins in the market and this is what makes even more harder for us to deal up on making investment decisions.Be careful on choosing which project you would really be investing.
Lots have lots money due to these shit projects been flying around.This is why research on everytime you do have plans on investing.

[Wawa2013]

I don't think the number of shitcoin projects are declining because there's around 21K coins right now on CoinMarketCap, few years before it's only 2K. Growing up from 2K to 21k for few years is really a huge number difference.

I think Shitcoins hype start since 2017 which is already 5 years right now and there's nothing changed so far.

Although I really hate shitcoins, but I don't see any sign shitcoins era will going to end.

Until everyone realize decentralization and privacy is a big concern, shitcoins era will end ASAP.

I think the same as you, I would love for shitcoins to disappear this very moment but this is not going to happen, people love to speculate and to try to earn a lot of money quickly and since coins like bitcoin or ethereum move too slowly for their tastes then they try to look for alternatives, and shitcoins are there to fulfill that need, after all we need to understand that shitcoins as much as we dislike them have a reason to be and if there was not demand for them then they will not exist, and since I believe such a demand will always exist then I can easily guess shitcoins will keep existing as well.

It is impossible to expect shitcoins to disappear, because as long as there are people who think that they can make big profits in a short time.
Then there will always be new projects without utility and will eventually become shitcoins, so as you said for some reason shitcoins are always there.
It's true that a lot of old shitcoins are dead and have no demand, but there will always be new shitcoins to replace them. In the end, Shitcoins will
always circulate in the market, that's why for newbies I always suggest focusing on investing in top coins, because investing in new projects has
a high risk. Because there are so many new projects that have the potential to become shitcoins, that's why investing in new projects is only
for people who are experienced and have good analytical skills.

[Kadal Ijo]

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

[gunhell16]

I don't think the number of shitcoin projects are declining because there's around 21K coins right now on CoinMarketCap, few years before it's only 2K. Growing up from 2K to 21k for few years is really a huge number difference.

I think Shitcoins hype start since 2017 which is already 5 years right now and there's nothing changed so far.

Although I really hate shitcoins, but I don't see any sign shitcoins era will going to end.

Until everyone realize decentralization and privacy is a big concern, shitcoins era will end ASAP.

I remember that in the year 2017 it was just the beginning of this time that cryptocurrency was becoming trending by releasing new projects via ICO, many were giving giveaways at this time. And just before the end of 2017, altcoins exploded and most of them were shitcoins I can say.

I also think that shitcoins will never disappear from the crypto industry in my opinion. Because, as long as there is money to be made here in the crypto space, the number of shitcoins in the market will surely continue to increase, so everyone should be careful and wise in choosing altcoins to buy.

[GatotKaca]

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

I don't think it's that easy. of course they need a community to support them.
usually they make airdrops and other campaigns to support their tokens can be more crowded in trading.
maybe 1 year won't go wrong, but the next year when more and more people buy and invest. we can see the price gets dumped and then the developers run away.

[MainIbem]

That's why it's very hard for me to jump into new projects with all their fake promises, during then I understand it was very difficult for projects to succeed because they can't truly withstand the dip and ended up folding but what they does is that once the market changes direction they will rise again with another new format of deciption to attract people to invest on their project while they go away with your cool cash.

[Inspiron14]

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

Yes scam coins will always exist and it's impossible to wish it didn't exist,
we as traders or investors can only avoid even though it is not an easy job either,
most importantly we must always be careful

[d3nz]

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

That's the problem. People are investing in this kind of scam coins and they lack of researching on what they are investing with.

And there are a lot of shitcoins but some of them will be worth to invest if they will have volume or whales are playing their value.

[Wong Goblog]

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

That's the problem. People are investing in this kind of scam coins and they lack of researching on what they are investing with.

And there are a lot of shitcoins but some of them will be worth to invest if they will have volume or whales are playing their value.

This is because the developer relies on chat in Discord or Telegram to motivate people to buy, sometimes they are large in the hope that they are followed by other buyers but this will not last long because after capital or budget has run out then they immediately sell in the market.

[Questat]

Maybe you just see many of these altcoins die and you will think that was an indication but that is not exactly what happen. Considering the current bear season, you can really see a major drop off of shitcoins but don't get surprised that more of this kind will pop up again during Bullrun. You could realize that these scammers/developers were not getting tired of doing this. And you can't expect shitcoins will totally vanish in the market but surely they come and grow again.

[SEEEP ZEEBOLOGI]

I'm sure if there are 100 Shit Coins that die, then there will be 1000 new shit coins, scammers will never stop to make shit coins because of convenience and do not need special things to be registered in exchanges, with a capital of $ 100k then you can pump a few times on dex And become a trending in Coinmarketcap.

That's the problem. People are investing in this kind of scam coins and they lack of researching on what they are investing with.

And there are a lot of shitcoins but some of them will be worth to invest if they will have volume or whales are playing their value.

This is because the developer relies on chat in Discord or Telegram to motivate people to buy, sometimes they are large in the hope that they are followed by other buyers but this will not last long because after capital or budget has run out then they immediately sell in the market.

i mean shilling is not a new thing in cryptocurrency, in fact shilling is quite common and not only shit who coin doing it, well everyone who buy shitcoin they are sort of like gambling they buy in low and wanna quite asap before crasf in hope they profite some penny there some of them become too greedy and  just watch their coin pump and not take the profit and ended with regret in live because that coin became dusk lmao

[SEEEP ZEEBOLOGI]

Maybe you just see many of these altcoins die and you will think that was an indication but that is not exactly what happen. Considering the current bear season, you can really see a major drop off of shitcoins but don't get surprised that more of this kind will pop up again during Bullrun. You could realize that these scammers/developers were not getting tired of doing this. And you can't expect shitcoins will totally vanish in the market but surely they come and grow again.

Exactly, they just stop spawing because current state is bearish, i mean who the hell even wanna buy shitcoin in bearish season even top coin like btc and eth drop really high, there no reason for them to buy such crap coin adn the shitcoin developer/scammer know that, just like you said they are will spawn again like crazy in bull season.

[Sterbens]

Maybe you just see many of these altcoins die and you will think that was an indication but that is not exactly what happen. Considering the current bear season, you can really see a major drop off of shitcoins but don't get surprised that more of this kind will pop up again during Bullrun. You could realize that these scammers/developers were not getting tired of doing this. And you can't expect shitcoins will totally vanish in the market but surely they come and grow again.

Yes, it's true, that they can't be lost, they will definitely come back maybe even bigger numbers will come. Today it looks like there is a decline but it's not that they don't exist. One of the reasons is the current market situation so many people are focused on price movements and don't see the movement of shitcoins. Scammers will never disappear from this cryptovurrncy space they will quickly adapt to the current trends.

[posi]

Hope its a end of those shitcoins.

I don't agree that the end of the shitcoin era has arrived. Shitcoins are gaining momentum every year. Every year more and more such coins appear. Just look at the statistics of dead coins that appeared in 2021. The growth is fantastic, and it will continue to grow.

Shitcoins are an integral part of the crypto market. And they will keep popping up until the crypto market is regulated, similar to what is seen in the stock market. Even with their level of regulation, though, there is still a category of stocks called junk stocks.

Agreed, every year there is growth with the shitcoins available in the market and more new shitcoins are getting launched. The luckiest will get an opportunity to invest and experience the profit, which is the major thing that keeps common cryptocurrency users away from shitcoins. As mentioned, when cryptocurrency gets regulated existence of these coins will decrease as they won't meet the criteria to enter the market.

Although there are a lot of people who dislike shitcoin, the reality is that it is a part of the market, and it is an important part of the market as well. Can be seen every time the bull season comes and the shitcoins generate impressive hype thus attracting a lot of new entrants to the crypto market, shitcoins play a huge role in attracting new users.

It is also very difficult to have regulations banning these shitcoin projects, as they mostly have anonymous teams so there is no way to stop them.

[justdimin]

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.

Creating a token takes about 10 minutes, that’s the problem that we have. We are going to see a ton of shit tokens because they are so easy to make, and if you spend a bit of money and find a good angle to create a new token, you could literally make millions of dollars from something shitty and this results with people doing it very easily.

I guarantee you that if you have 50k dollars, you could turn any shitty thing into a million dollars profit, and you are telling me that it’s not going to be done by people just because they do not want to hurt others investments? Nobody cares about our money, they care about how much profit they can make.

[n0ne]

shitcoins in general is like tool for speculation, it's like gambling, it would hardly just vanish like that, different era of cryptocurrencies have different shitcoins, like shitcoins that's meme coins and even shitcoins that disguise themselves as metaverse coins, as long as there's still speculation in cryptocurrencies I very much doubt that shitcoin could ever just vanish. since some traders are just gonna seek fastest way in creating profit at the end of the day.

Shitcoins exist in all formats of cryptocurrency and it is really tough to stay out of traps. Some might experience the goodness, but it is simply hard to understand and make an investment. Recently during the death of England Queen Elizabeth II, immediately after her death news more than 50 memecoins got developed and some even gained good volume and growth in the price.

Shitcoins are mostly situation based and it is good to try your luck with what you can afford to loss.

[Kelvinid]

I don't think the era of shit coins will ever end as time goes by, they will increase. They will be used in different things which may become our need, Apart from this, those who do rug and pull will also need them and it is also important for those who are thinking of becoming a millionaire in the short term.

I don't know about this thinking. Did you mean that we need this because of short-term profit and to become rich instantly? How about if they fail before it happens? I'm not sure how you can afford to take risk investing shitcoins which literally you don't have any assurance that will give you back at least a small profit but probably losses.

What we need is a sustainable market project like Bitcoin and ETH, not these worthless coins that only ruin the image of the market.

[Jaered]

This is quite a terrible trend in crypto. And I'm just sick and tired of it. Stupid and worthless shitty of shitty coins popping up every now and then, and clogging up the market. And malicious characters utilizing the opportunities