Shit coins era is going to end

[Ayers]

I hope the shitcoin era ends and there are definite regulations regarding altcoins,
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.

I think it is not easy to make regulation for all altcoins because many altcoins have anonymous teams even fake identities, you can check the thread board in this forum because many shitcoin projects fake team identities and whitepaper plagiarism, so regulation for altcoins is very impossible even top projects like luna too could end up being a scam.

cryptocurrency regulations are being drafted and it will be applied soon if passed. it is true that we cannot completely prevent scam projects since most of them are anonymous, but once the regulation is in place, i believe scams like Luna will be somewhat limited. Luna was once a public scammer as there were no crypto regulations to tie them down

i'm not a fan of shitcoins, but shitcoins aren't completely useless, thanks to shitcoins creating hype to attract new investors as well as money flowing into the market. if you fail to invest in shitcoin, it's your fault, don't blame shitcoin, because a lot of people can profit from shitcoin

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[NicNacCoin]

Most of the cheat coins cannot be successful. Although they achieved success in the initial stage, the coin later died completely.People don't like shit coins much now. People have given up investing in shit coins now. There will come a time when these shitcoins will be exhausted and that has already started.

[blockman]

Most of the cheat coins cannot be successful. Although they achieved success in the initial stage, the coin later died completely.People don't like shit coins much now. People have given up investing in shit coins now. There will come a time when these shitcoins will be exhausted and that has already started.

Many are like that, they found success at the beginning but end up being dumped. This is the normal cycle of new projects today and most of them are altcoins that have been developed to be pumped and dumped.
There's no actual use case and they're loving it more because the investors like to have that quick profit vibes that they've been looking for, so that's why it's becoming like that and soon, we'll see that they'll be lesser because of these developers will just have to lie low when the projects they make are far from being successful as investors becomes wiser.

[Bitcoin2009]

Hope its a end of those shitcoins.

Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.

Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.

[Chainsmokers]

Hope its a end of those shitcoins.

Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.

Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.

What I'm surprised about is that even though there is already such a thing as an audit of a project,
I still can't believe that scam projects still exist in the crypto world,
especially now that the bear market has so many scam altcoins, even projects that pass the audit are also scams.

[Argoo]

I hope the shitcoin era ends and there are definite regulations regarding altcoins,
because nowadays it is very easy for scam developers to create scam altcoins,
of course this is what makes investors no longer trust cryptocurrencies anymore because there are so many rugpull or scam altcoins,
and if there is a regulation regarding it so I believe investors will be safe.

Fraudulent cryptocurrencies will not decrease yet. This is facilitated by the open source code of cryptocurrencies, which allows anyone to create cryptocurrencies without any control and an increase in the number of new people who wish to invest in cryptocurrencies. Experienced users are less susceptible to the tricks of scammers, and beginners will continue to become their victims. There is still little government regulation of this type of activity, which creates a favorable environment for the further development of fraud.

[evichi]

Shiba Inu and Doge coin are frontiers in the meme ecosystem that made people go into making meme coins. With the twitter talk due to the likes of Elon Musk, many meme coins/tokens were churned out then. However, without the talk by notable crypto individuals, meme coins /tokens will fizzle out unless such tokens are backed by utility - such as Defi, Dex, etc, to have more use cases. For now, IMO, I cant say for sure that the era of meme is over because it is all about hype and influencing the community. If Elon Musk talks about any meme token tomorrow, for example, I am almost sure it will usher in the making of series of meme tokens again.

[SaveOurSea]

Hope its a end of those shitcoins.

Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.

Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.

I hope Shitcoin really disappears from the cryptocurrency world,and if that happens I'm very grateful, but it doesn't seem possible,
because cryptocurrencies are decentralized meaning no one is regulated, and will certainly be a threat.

[Odusko]

The number of shitcoins is on the increase and there is no way they're ending this era any time soon, but then we must also know that those who patronize those shitcoins are always in for a pump possibility just to make some quick buck, this makes them ready for whatever the outcome of their decision will be.
Member here are becoming more advanced in knowledge and are now able to detect such scammy project in the altcoin market, but above all we should try to avoid those shitcoins in totally if we care about our investments.

[serjent05]

Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course this is what scammers use, namely making projects from shit coins.

Due to the reason that creating tokens and coins is too cheap, the indication of shitcoins era going to end  will not happen.  Aside from these tokens, creating coins is as easy as 1 2 3, there are also sites that offer coins creation for as cheap as $10, but that was when tokens aren't popular.  But due to maintaining nodes is quite expensive, many scammers now depend on  main cryptocurrency blockchain and create tokens using those blockchain.

The number of shitcoins is on the increase and there is no way they're ending this era any time soon, but then we must also know that those who patronize those shitcoins are always in for a pump possibility just to make some quick buck, this makes them ready for whatever the outcome of their decision will be.
Member here are becoming more advanced in knowledge and are now able to detect such scammy project in the altcoin market, but above all we should try to avoid those shitcoins in totally if we care about our investments.

True, scammers and shitcoins creator is having an easy way in creating shitcoins.  They already have the "blueprint" of the needed things, they can just modify the name of the coins, copy other roadmap, make a good site from their existing website templates and launched it.  So there is no way the shitcoins era is going to end.

I really hope that their era would end because they aren't good or even have any good impact on the blockchain industry. They're just scamming and lots of investors. If that happens, the percentage of scam cases would decrease and more investors would be able to find trusted and legit projects.

In order to minimize shitcoins creation, I believe we need the government to regulate the creation of cryptocurrency, but I think many of us don't want that to happen (though I am in favor for the government to intervene in the creation of cryptocurrency project to minimize scams)

[NNRR]

Many people may have made a lot of income through Shit Coins but I always stay away from these Shit Coins because these Shit Coins have no trust they can make you rich just like they can make you a fool so in my opinion this is all Shit should stay away from coins.

[bittick]

Gaming tokens are in high demand if a good game can be brought to the market. As more products are produced, the utility of this token can be increased. As a result, the demand for gaming tokens will never end. Whatever the market conditions, gaming projects are in a relatively good position. These cannot be considered as sheet projects but projects that are inactive are different.

gaming tokens in general are definitely isn't shitcoin, they are coin with real utility since they have real products, it's unlike some shit coins that exists just being used for manipulation and scamming many.
gaming tokens is definitely different in this regard, moreover gaming tokens isn't built in one day unlike most shit coins in general

[DoublerHunter]

I don't think shitcoins will just disappear like that. There are still people who prefer investing to these tokens because its profit potential is greater than investing to those crypto with real utilities. Let's also add those paid influencers shilling it where they tell people that it could reach $0.xx even if it has more than a trillion supply.

^As long as there are people that want to have a quick profit and want to gamble their fund in a short period of time in unknown tokens. Shitcoin will never disappear. There will always pop up a repeated project that has the same utility because people wanted to invest in a new project, it will become hype when it has strong community support they are all greedy when it comes to profit, those people are very clever when it comes money they always wanted to gamble their money. There are too many of them as of now that I have known.

[Rengga Jati]

The shit coin era will not end easily, because once they die, there will be new shitcoins again. Let's see. Every time, we can find out so many new projects that release a token or coin, how many tokens and coins are now? There are numerous. But, how many altcoins can really survive and always have very high value?
You can see it here in this post:
https://bitcointalk.org/index.php?topic=5416858.0

Many worries again because many new investors are trapped in this shitcoin investment. They always hope that the investment holding will pay them after this bearish era ends. But, can they? None will garantee.

[mich]

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.

[yohananaomi]

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.

maybe the period will still be long and could be until next year, what is clear is the bear market will continue to last until the end of this year. so it is certain that the shit coins that are not able to survive will multiply, even they will die by themselves. many will let go and many will even consider buying, no one even wants to just hold on to it any longer. but still there are those who are able to survive by having to continue to provide incentives so as not to be abandoned by investors, but the question is how long they will be able to survive!!! we can be sure when the bull market is still not visible, of course it will still be a long way to get there

[teddybear]

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.

I think 'NO' the era of bullish starts very soon, with employment dropping because of the pandemic, people certainly looked at other sources of income, and crypto came as a blessing in disguise in 2020.But that doesn’t mean this enthusiasm will soon fade away, the recent reopening of towns and cities after a major lockdown, businesses have started to open up and working fine with high demand. This bull run marks the beginning of greater things to come for the crypto market. With greater adoption by institutions, countries, and individuals alike, crypto would be a part of the mainstream.

[uneng]

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.

[Kemarit]

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.

Yes, there are still people who are going to fall for this trick, think that shitcoins is the go to make money and become millionaires quick in this market, but it is a wrong mindset and for sure it's going to bite them in their ass.

And so this is cycle is going to continue, developers created a meme coin, and then market it to be the next big thing. And then noob investors believed the hype throw their money. And as we have seen, or what history tells us, this shitcoin dies and then another one pops up immediately.

[Wiwo]

Hope its a end of those shitcoins.

Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens, so shitcoins will continue to be created in huge numbers to profit from the investments of gullible and inexperienced users. There are already quite a few topics on the forum for newbies on how to try to tell the difference between a shitcoin and a promising project.

Most shit coins are tokens from BSC and Polygon, because the cost to make shitcoins from BSC and MATIC is very cheap, even just $50k can create a project that has great potential to become $500k, of course, this is what scammers use, namely making projects from shit coins.

On some network, is almost free to create a coin and this cheap altcoin creation mechanism is one of the major reasons why we have so many shit coins around the market today, so if you say the presence of shitcoins are diminishing from the market, I will have a contrary opinion on that. I think shitcoins are becoming more and more popular by the day but the thing I see that has reduced is the level of investors they attract since most investors are now knowledgeable and can now make a better decisions.