Congratulations Scammers, you've killed the altcoin market

[r3wt]

Alt coin market has now dropped below 200 million USD. Discuss.

[1715069734]

1715069734

[1715069734]

1715069734

[1715069734]

1715069734

[1715069734]

1715069734

[1715069734]

1715069734

[1715069734]

1715069734

[BTMan]

what?

[albertdros]

too much btc-usd action. No time for alts anyway.

[escalicha]

Alt coin market has now dropped below 200 million USD. Discuss.

Nice time to buy

[cryptoangel]

Not surprised at all.

[@scambuster]

what?

What?You can not read English letters?Or just spaming every post to promote the appz in you sig?

[hellracer2011]

Big question is "What have you (community) done to stop these newbie account developer to launch a coin or reveal his identity"?

Here needs small effort from each individual member to stop these scammers.

[KeyserSozeMC]

BS.

Summer,
BTC's price went down, it took alts down as well. Someone dumped ~BTC7.5k 4-5 hours ago.

Whatcha trying to achieve? Suggest us a "altcoin section mod"? rofl

[seedtrue]

Alts are directly correlated with BTC prices. When BTC tanks, alts do as well, this is expected. The problem is that when BTC recovers, alts do not always follow in suit, eventually most do recover, but not all.

[@scambuster]

BS.

Summer,
BTC's price went down, it took alts down as well. Someone dumped ~BTC7.5k 4-5 hours ago.

Whatcha trying to achieve? Suggest us a "altcoin section mod"? rofl

Altcoin world will be much better if you and other coin makers stop providing services to scamers.

[Bfljosh]

It would be great if Bitcointalk did something to prevent scams. But sadly they do not care at all. The moderators here do not even care to close a topic with a virus in a wallet.

The bar needs to be raised big-time! We should do something as a community.

Maybe it is time for a new forum that takes altcoins more serious.

[darkota]

It would be great if Bitcointalk did something to prevent scams. But sadly they do not care at all. The moderators here do not even care to close a topic with a virus in a wallet.

The bar needs to be raised big-time! We should do something as a community.

Maybe it is time for a new forum that takes altcoins more serious.

Oh, shut the fuck up, you're the biggest scammer of them all. Butterfly Labs is a scam that has ripped off countless people trying to buy rigs, but never getting them.

Go back to your scammer's ditch.

EDIT: You're not the real josh from bfl, just copying that scammer's username. Sad.

[superresistant]

This is what happen when using stupid bots and stop loss orders.

[Amph]

they have begun to kill bitcoin also, apparently

scammemrs scam to dump btc

[JohnnyBTCSeed]

Are you sure we're not just seeing the water retreating?

[digitalindustry]

Its a Party !

[Sunderland]

This is what happen when using stupid bots and stop loss orders.

im really agree with this

[exoton]

too many scams

etherum single handedly ate up 30k btc , thats were a lot of the volume went ...

[gustav]

i have to agree that scams and shitcoins (99% of new coins this year) have been driving away investors that were already here.
I personally am also repulsed by many new coins or better: by the people behind them. 
I was productive once. I was converted to a toxic troll.
I am trolling scamcoin and shitcoins now and laughing at the idiotic investors. What else can you do?

[Bfljosh]

What can we do about it? Let's talk about that.

Scammers will keep trying. So we should create a forum where scammers do not get a chance.

Use real ID to list a coin/ forum should hold the premine / pay btc to list something/make an authority of respected members that can check source before posting and can hand out a "seal of approval"

A dev should have a plan for the future etc. otherwise the coin can not be listed.  Altcoins are not a game because there is loads of money involved.

I really think Bitcointalk is the major problem here for not doing anything to prevent scams. They even allow topics for account selling/buying. It's ridiculous!

[obocaman]

Once BTC rises to the mega mainstream status GOD LIKE coin, the alts will rise as well but the difference will still be abyssmal.

[Bfljosh]

When Bitcointalk want to be the leading cryptocurrency forum they should take responsibility. With millions of Dollars involved you can not let this be wilder than the wild west ever was.

[Ultros]

Yes SCAMS are a plague but the market is far from dead. Infact...is there was no more scams, that would be the best sign of a dead-end.

What we see now are just normal fluctuations in a very volatile environment. When you feel such despair it's probably a proper time to buy if you still believe in the fundamentals of your cryptocurrency. Take a good breath and remember the market's state 1 year ago. It's moving extremely fast, and it's probably only the beginning.

[poornamelessme]

As others have stated, the btc price drop + summer months probably are more responsible for the altcoin market's state than scams. Although of course scams aren't exactly helping matters much.

What I'd like to see happen is a respected dev or devs do a code review for new coins.  Unfortunately most devs here, even oldbies, probably wouldn't be considered 'respected' as they have released their own shitcoins in the past. All of the 'trust' programs regarding identity may help somewhat, if run correctly that is, but code reviews probably would be of greater help to people.

Exchanges could be a lot stricter about their own code reviews + limiting new coins, but unless people simply make them pay for their mistakes (meaning not using that exchange as much), it won't matter.

As for forum moderation/limiting coin announcements... don't think it'll happen nor be as effective as people may think.

We'll see how the market goes... if btc goes up a couple of months from now, I expect many alts to follow. Ethereum has an awful lot of btc to cash out though...

[MisO69]

As others have stated, the btc price drop + summer months probably are more responsible for the altcoin market's state than scams. Although of course scams aren't exactly helping matters much.

What I'd like to see happen is a respected dev or devs do a code review for new coins.  Unfortunately most devs here, even oldbies, probably wouldn't be considered 'respected' as they have released their own shitcoins in the past. All of the 'trust' programs regarding identity may help somewhat, if run correctly that is, but code reviews probably would be of greater help to people.

Exchanges could be a lot stricter about their own code reviews + limiting new coins, but unless people simply make them pay for their mistakes (meaning not using that exchange as much), it won't matter.

As for forum moderation/limiting coin announcements... don't think it'll happen nor be as effective as people may think.

We'll see how the market goes... if btc goes up a couple of months from now, I expect many alts to follow. Ethereum has an awful lot of btc to cash out though...

I also believe its the summer months. Vacations, spending money, outside is better than inside. I think it will pick up again in September.

Devs reviewing code? I don't think that will ever happen. With 5 or more alts released daily who has the time to go through all that code? Maybe it can be automated or something that is partially automated?

I believe that Exchanges are in on it. Some coins just make it to the exchanges without voting or anything like that. X13 coin is an example. From day 1 on Polo. Price went only down hill. No pump and dump just a dump. Like someone had most of the coins and dumped slowly.

[mimsx11]

Are we all talking about etherium scam i havent been following that

[poornamelessme]

I also believe its the summer months. Vacations, spending money, outside is better than inside. I think it will pick up again in September.

Devs reviewing code? I don't think that will ever happen. With 5 or more alts released daily who has the time to go through all that code? Maybe it can be automated or something that is partially automated?

I believe that Exchanges are in on it. Some coins just make it to the exchanges without voting or anything like that. X13 coin is an example. From day 1 on Polo. Price went only down hill. No pump and dump just a dump. Like someone had most of the coins and dumped slowly.

It's impossible to review code for all new coins, or at least I assume it would be. Some coins, however... perhaps. At least it could help a little bit.

As for exchanges being in on scams... honestly no idea, but I wouldn't think so necessarily. They make money from fees, so if they see a coin that looks potentially popular or has a high mining rate, they may just grab it immediately. Which of course is a mistake, but they tend to think short-term. Bittrex has sort of killed their old golden goose with running ICOs out there weekly, as another example of short-term thinking. Only way to improve that situation is for investors to simply not invest at that exchange as much, or at least wait for new coins to establish themselves before sinking money into them.

People complain a ton about scams, but in many cases a lot of blame has to go to the investors as well. People throw money at brand new coins with grand promises, don't do any research, go along with hype/positive trolling and obvious scammy behavior -- so long as they think it benefits them. And when it doesn't, they cry scam.

[KeyserSozeMC]

BS.

Summer,
BTC's price went down, it took alts down as well. Someone dumped ~BTC7.5k 4-5 hours ago.

Whatcha trying to achieve? Suggest us a "altcoin section mod"? rofl

Altcoin world will be much better if you and other coin makers stop providing services to scamers.

I am sorry, but we don't know who's a "scammer". People come to us to order a product.
We deliver what they ask. Not that we don't care about scams, but we can't prevent them.
Nor I'd ask personal information of any of my customers, because it wouldn't be profitable for us anymore. Even legit "founders" wouldn't give their personal information. It's the internet.

[Lucky Cris]

I, for one... Have grown to be extremely cautious of the altcoin market because of all the scam/shit coins. Literally, the market is saturated with them. This makes it challenging to have confidence in even the coins that appear to be above the rest.

[darkota]

I don't believe it's the scammers.

It's stupid shits of people buying and mining any damn altcoin they see. Idiots, don't fucking mine new scammy altcoins, especially if the dev is a newbie himself. And the scammers realize this, they realize they could make any altcoin(yellowcoin, whitecoin, really?) and stupid fucks that we call the altcoin community, will buy that coin.

It's useless trying to stop it, there are too many stupid ass people, buying and mining Every new coin, in an attempt to become rich overnight. Those people are the ones ruining the altcoin scene, not the devs no matter how scammy they are.

[Bfljosh]

I, for one... Have grown to be extremely cautious of the altcoin market because of all the scam/shit coins. Literally, the market is saturated with them. This makes it challenging to have confidence in even the coins that appear to be above the rest.

There are more scams than non scams last weeks. Anybody who says it is the summer or whatever should take a good look at the altcoinsection.

[gjhiggins]

What I'd like to see happen is a respected dev or devs do a code review for new coins.

I recall a time, back in the mists of February, when this was a regular practice . I believe this was the last post:

https://bitcointalk.org/index.php?topic=457575.msg5204471#msg5204471

“Caveat emptor” is irreducible.

Cheers

Graham

[kelsey]

I don't believe it's the scammers.

It's stupid shits of people buying and mining any damn altcoin they see. Idiots, don't fucking mine new scammy altcoins, especially if the dev is a newbie himself. And the scammers realize this, they realize they could make any altcoin(yellowcoin, whitecoin, really?) and stupid fucks that we call the altcoin community, will buy that coin.

It's useless trying to stop it, there are too many stupid ass people, buying and mining Every new coin, in an attempt to become rich overnight. Those people are the ones ruining the altcoin scene, not the devs no matter how scammy they are.

agree, however if people want to play the blame game alot of the weight would have to goto these exchanges, if they didn't blindly list (for their own gain) then scammers would have hard time.
so ALL these exchanges (and many have gone the legit legal registered route so their current practices will bite them hard soon enough), are no better then the scammers.

[smoothie]

Alt coin market has now dropped below 200 million USD. Discuss.

Price_Goes_Down != Scammers_At_Fault 

[Spoetnik]

BS.

Summer,
BTC's price went down, it took alts down as well. Someone dumped ~BTC7.5k 4-5 hours ago.

Whatcha trying to achieve? Suggest us a "altcoin section mod"? rofl

ya me so i can ban you

and comparing what happened before is not a fair comparison.. apples and oranges
that is like the ole compare Bitcoin to <insert name> Altcoin routine ahhaha

I am pretty sure you are a key regular in making them and pumping them jumping around with numerous accounts so i blame YOU (i seen all the crap you say here)
I wouldn't be surprised if you live in and broke Detroit too.. do you trade real-estate by chance pro trader ?

Everybody say thanks to Keyser"Recession"SozeMC  

[Spoetnik]

It would be great if Bitcointalk did something to prevent scams. But sadly they do not care at all. The moderators here do not even care to close a topic with a virus in a wallet.

The bar needs to be raised big-time! We should do something as a community.

Maybe it is time for a new forum that takes altcoins more serious.

they may or may not care but the mods do what they are told by the Boss man i think.

also Mods do in fact close and remove topics with a virus in them i have watched them do it more than once.

[Spoetnik]

This is what happen when using stupid bots and stop loss orders.

or guys that support blatant scams like Memory coin (Freetrade / Bitshares guy) no matter how much dirt was laid out on it..
then when it was killed lead the charge in resurrecting it so he could dump on it and run AGAIN.

i see guys talking and not taking responsibility.. predictable finger pointing.

[TaunSew]

Scammers did not kill the alternate market.  Developers, whales and greedy participants killed cryptos.

For me the only real released alternate in 2014 was NXT.  NXT was looking good in early 2014 when it hit a peak of $110 million..   then the public became aware of its' distribution where 8 wallets took 40% and 65 took the remaining 60% and NXT has been sinking ever since.   I'm sure Evil Dave  will come racing in but this is all public knowledge on James' (developer) blog and it can be observed on coinmarketcap history.

http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html


 Whales can be good if they hold but, in practice, they're never happy with $millions and need to pump and dump to squeeze as much as they can from a crypto.   There's a hilarious blog from a former Doge whale (who titled his PDF "GOD") who best exemplified that (imagine if Eliott Roger, that lunatic in California, traded Doge and you get an idea on what this PDF is like)

http://cryptofrenzy.files.wordpress.com/2014/02/god.pdf

[btcshop]

Yes, congratulations!

[nutildah]

I really think Bitcointalk is the major problem here for not doing anything to prevent scams. They even allow topics for account selling/buying. It's ridiculous!

Spot on.

The only reason they aren't changing anything is because things are immensely profitable for them the way they currently are. Much like the exchanges and scammy devs, BTT admins are too engrained in bad habits of easy profit and they cannot change their behavior at this point even to prevent the entire system from collapsing.

Its like a heroin addict with a neverending supply of heroin - eventually they will kill themselves - its kind of a given.

In the time I was here there went from being LITTLE faith in the potential of the alts to NO faith. This is the fault of this forum, no question about it. They regulate all the wrong things and none of the right things. In that respect, BTT is just another centralized institution hung up on its own greed and now represents the old way of doing things more than the new way.

[BitcoinTate]

Things really have slowed to a halt. But this is good, I could use a break before the next bull run

[Lucky Cris]

Scammers did not kill the alternate market.  Developers, whales and greedy participants killed cryptos.

Right on.

[PenAndPaper]

What do you expect when there are 100 new alt coins each day?

[kelsey]

anyways the alt markets hardly dead, however I for one am hoping for a decent crash to thin the pack alittle (ok well alot).

[BitJohn]

I am really liking the proof of developer thing. Anyone else think this might fix the silliness?

[drippx]

How ironic r3wtt the topic starter I believe is the scammer who made an exchange and used the word "oh I got hacked" so its ok and here is a bitcointalk search on his name https://www.google.com/search?q=r3wt+scam+site:bitcointalk.org&client=firefox-a&hs=hCw&rls=org.mozilla:en-US:official&gws_rd=ssl

[kelsey]

I am really liking the proof of developer thing. Anyone else think this might fix the silliness?

i think exchanges need to be exceedingly more strict in adding coins, not limited to just proof of developer, I think any exchange that give investors confidence by doing this while still adding plenty of cryptos will become the (longterm) market leader.

[kelsey]

How ironic r3wtt the topic starter I believe is the scammer who made an exchange and used the word "oh I got hacked" so its ok

and who better to have an opinion on the topic then someone who has been down that road?

[BitJohn]

I am really liking the proof of developer thing. Anyone else think this might fix the silliness?

i think exchanges need to be exceedingly more strict in adding coins, not limited to just proof of developer, I think any exchange that give investors confidence by doing this while still adding plenty of cryptos will become the (longterm) market leader.

I agree however its not reality. Any exchange that hasn't adopted the new coins is pretty much going out of business. I wish folks cared more about legitimacy of the coins. But if an effort was made by the other leaders in the field we would likely join them.

[Spoetnik]

I am really liking the proof of developer thing. Anyone else think this might fix the silliness?

i think exchanges need to be exceedingly more strict in adding coins, not limited to just proof of developer, I think any exchange that give investors confidence by doing this while still adding plenty of cryptos will become the (longterm) market leader.

I agree however its not reality. Any exchange that hasn't adopted the new coins is pretty much going out of business. I wish folks cared more about legitimacy of the coins. But if an effort was made by the other leaders in the field we would likely join them.

ya that makes sense i guess LOL

and what kelsey said makes sense too..
if guys that have made coins before are complaining or what ever that is a good sign maybe ?
and maybe they are more qualified than most to talk on the issue or at least should have a interesting perspective / view point on the matter.

i have defended exchanges before such as cryptsy by saying they are screwed if they do and screw if they don't.
it's a vicious circle like a snake eating it's tail and it has no where to go but down !

[kelsey]

I am really liking the proof of developer thing. Anyone else think this might fix the silliness?

i think exchanges need to be exceedingly more strict in adding coins, not limited to just proof of developer, I think any exchange that give investors confidence by doing this while still adding plenty of cryptos will become the (longterm) market leader.

I agree however its not reality. Any exchange that hasn't adopted the new coins is pretty much going out of business. I wish folks cared more about legitimacy of the coins. But if an effort was made by the other leaders in the field we would likely join them.

Disagree, I think its the only reality for long term survival of the exchanges, easy to pass the buck and say bittrex is adding every shit scam coin, we have to too keep up.
Each shitcoin cycle will get worse for the exchanges that don't screen coins to protect their user base. Only thing that surprises me is you guys have got this far.
You'll get a peak user base that'll make all look like the right path, but when liquidity dries up it happens fast, and unlike the real market, with no actual assets backing any shitcoins there won't be a floor.

[Litejavichu]

Ban IP  of China in coins  removes 99% of problems

[kelsey]

Ban IP  of China in coins  removes 99% of problems

lol and you would have never seen 1k+ USD for bitcoin 

[wenben]

Alt coin market has now dropped below 200 million USD. Discuss.

How does price dropped has anything to do with scammers?

Speculators getting into altcoins knowing full well most of the coins are pump and dump. It is the same group of people who lose the most.

[Litejavichu]

Ban IP  of China in coins  removes 99% of problems

lol and you would have never seen 1k+ USD for bitcoin 

Traderboots of Mark Karpeles climbed to 1K Bitcoin, not de scammers and thief of china. Chinese ruin every business

[Spoetnik]

Alt coin market has now dropped below 200 million USD. Discuss.

How does price dropped has anything to do with scammers?

Speculators getting into altcoins knowing full well most of the coins are pump and dump. It is the same group of people who lose the most.

well for one thing it's a chain reaction i think..
mass coin cloning has caused a lot of guys to quit this shit.
so if they quit prices are going to tank as they cash out and often rip someone off on the way out the door (lot of so called hacks have happened)
Mark i think realized his mountain was cracking and he had to cash out while BTC was still high and she set it all in motion.. on purpose.
and honestly i'd prob do the same.. it's logical.

this placeWorld Wide scene is full of snotty brats..
when i was a little dipshit in the 80's i had to move soon from some place and i stole my best friends Walkman on purpose ! ..opportunity  
Loud mouth little crypto dipshit and their scammer old brothers want one thing........ money.
few people give a flying fuck about this scene in the slightest.

i see it as a biting the hand that feeds you issue.. and why fuck the system up for short term gain when you can do the right thing and make far more and for far longer ?
The majority in Crypto (the altcoin) scene are dumb
I am the smart one an i am always right and i predict tons of shit and i get to say i told you so non stop.
Greed.
greed = this scene is dead.
no way to fix it with out regulation.. and it's NOT coming !

i have said it, over and over like a broken record and i am right and you will all see and i will say i told you so once again.
and i also said no one will accept responsibility for it either.. Exchanges and pools will say "user demand" and users will point the finger at others.
i called it last year.. and that is precisely what is happening RIGHT NOW !

[asdlolciterquit]

i've been away for 5 days, and i return with the forum full of "dead coin thread". Should i be scared?

[Amph]

Ban IP  of China in coins  removes 99% of problems

because you think that chinese live only in china lol, they are everywhere

[Wexlike]

I am pretty sure every investor in the altcoin market knows that 98% of the coins are either a pump and dump or a scam. But because of greed they try to "play" the market, because they see these +400% popping up every day.

[kelsey]

I am pretty sure every investor in the altcoin market knows that 98% of the coins are either a pump and dump or a scam. But because of greed they try to "play" the market, because they see these +400% popping up every day.

yes however the 2% suffer because of it ie those legitimately trying to advance cryptos.

[Lauda]

well for one thing it's a chain reaction i think..
mass coin cloning has caused a lot of guys to quit this shit.
so if they quit prices are going to tank as they cash out and often rip someone off on the way out the door (lot of so called hacks have happened)
Mark i think realized his mountain was cracking and he had to cash out while BTC was still high and she set it all in motion.. on purpose.
and honestly i'd prob do the same.. it's logical.
-snip-
no way to fix it with out regulation.. and it's NOT coming !
i have said it, over and over like a broken record and i am right and you will all see and i will say i told you so once again.
and i also said no one will accept responsibility for it either.. Exchanges and pools will say "user demand" and users will point the finger at others.
i called it last year.. and that is precisely what is happening RIGHT NOW !

You're actually right, it is a chain reaction. Look at it this way, there is a group of scammers here. They keep copying coins and releasing them under different names/specifications. The forum does nothing to prevent this. Exchanges do nothing either, pools nobody. Exchanges accept the coins because the users demand it, the users then point the finger somewhere else and it goes into a circle.
Nobody is putting a stop to it. Even if we put very very tight restrictions on coin releases here, there will be no damage to possible innovation.
A coin that is worth anyone's time and has desirable features could still be released after a review of some sorts.

[Litejavichu]

Ban IP  of China in coins  removes 99% of problems

because you think that chinese live only in china lol, they are everywhere

I have a lot of business with them here in Spain, with the Chinese who are working hard to win a lot of money. He asked them to them for cryptos and always answer as well, and do not know if they know they are thinking about scam safe.

When I presented a project, i have to give many data on my person, as I did in the past the work. I have to submit curriculum vitae and a perfect plan work .... What happens here is that a bunch of people come with money and eyes closed, invest a lot of money on people who do not know of anything. The world of the cryptomonedas is burned from six months ago.

Not going to publicize currency Dokdocoin by de face, but it is a clear example of how things are done serious. They decided to ban IP in China and the currency runs quiet ... No one needs a lot of people asking for the list of rich, asking every 2 minutes where is the developer, nobody asked stupidities continuously
Everything is slow, but sure

[bitsire]

I don't think they completely killed it but they sure as hell did a lot of damage. It seems 80-90% of coins or services in the crypto world end up being scams or even if they aren't scams, they end up being a steaming pile of fail. There's no chance in hell newcomers are going to put money in crypto when all they hear every day are stories about hacks, scams and people losing all their money after some shitcoin they invested in collapses in value.

I don't bother with any POW coins anymore, I stick with new coins that are built from scratch and have a lot of promising features. Of course, even then you have to be extremely careful as a lot of those end up being scams as well.

[Spoetnik]

well for one thing it's a chain reaction i think..
mass coin cloning has caused a lot of guys to quit this shit.
so if they quit prices are going to tank as they cash out and often rip someone off on the way out the door (lot of so called hacks have happened)
Mark i think realized his mountain was cracking and he had to cash out while BTC was still high and she set it all in motion.. on purpose.
and honestly i'd prob do the same.. it's logical.
-snip-
no way to fix it with out regulation.. and it's NOT coming !
i have said it, over and over like a broken record and i am right and you will all see and i will say i told you so once again.
and i also said no one will accept responsibility for it either.. Exchanges and pools will say "user demand" and users will point the finger at others.
i called it last year.. and that is precisely what is happening RIGHT NOW !

You're actually right, it is a chain reaction. Look at it this way, there is a group of scammers here. They keep copying coins and releasing them under different names/specifications. The forum does nothing to prevent this. Exchanges do nothing either, pools nobody. Exchanges accept the coins because the users demand it, the users then point the finger somewhere else and it goes into a circle.
Nobody is putting a stop to it. Even if we put very very tight restrictions on coin releases here, there will be no damage to possible innovation.
A coin that is worth anyone's time and has desirable features could still be released after a review of some sorts.

well said and i think the greed guys over power is by sheer numbers.. there is too many of them.
and it's too easy or has been in the past to jump on every coin (for profit)
so a smaller minority can have all the grandest good intentions in the world but it just simply won't matter..
the weight and momentum and power of the greedy pulls down all of us like a current pulling people under water.. no avoiding it sadly !
And i heard the majority of guys get mind shatteringly shockingly fucking mouthy with me ALL along about this too.
Anytime i went on to say there supporting clones is going to kill our scene bad i got ganged up on by everyone BIG TIME !

ALL of them admitted word for word "they mine every coin that comes along for profit"
Well congrats guys you destroyed our scene bad ..and it's going to get worse.

And i hope you guys enjoyed mouthing me off when i warned you too because now i am laughing at you all i recall by name saying, I TOLD YOU SO !
I couldn't believe these guys admitting their cancer head bullshit and then trying to defend it.. NOW they realize they fucked.. and bad
and that big Troll Spoetnik was 10000000000% correct and warned us all

I think the turning point was Scrypt Asics too.. us smart guys knew damn well it was going to slaughter 99% of scrypt coins values.. and it did !
Making a greedy device for greedy purposes just accelerated our surge downward !
And yet again the majority of our scene romped around mouthing me off arguing saying Scrypt Asics will increase prices and i agreed a *bit
thinking it will help the top 3 maybe.. and shit, it hasn't even done that really LOL

THERE IS A LOT OF WRONG PEOPLE that are still here and many more that are smart and sold out and left long ago.
They know too i talked to tons of them over and over like a broken record.

Other than trying out ipominer pool with some auto port auto coins elected mining with scrypt i have tried to choose a good coin to support.
I have tried to be apart of the solution not the problem and i don't think we can do much more than that.
The tag team tandem of Bittrex and Ipominer adding and removing new coins so fast made it almost impossible for me to get the minimum withdrawal amount
sent to bittrex from the pool to dump with the greedy assholes (as an experiment) and often the coins were removed with a day or two of me selling me for 2 cents worth of coins LOL
I was waaaaaay too small a miner to get in on their scammy bullshit !
my experiment failed.

anyway what ever..
all we can do is try and be a good crypto guy when the doors are closed and no one is looking.
But if we can't stop them like Lauda eluded to to or "they" don't go away on their own we're fucked and doomed sadly.

i urge people for their own profits sake to do the right thing.. it will earn you more money !
And hell i could be a liar and saying shit here then doing the opposite who woudl know ?
We have to do what is right when we are alone and no is looking or watching.. all the talk in the world won't mean anything.. ACTIONS do !
and that goes for ALL of us too not just end users.. cough cough Pools / exchanges etc

[Lucky Cris]

I don't bother with any POW coins anymore, I stick with new coins that are built from scratch and have a lot of promising features.

Interesting... Are you actually referring to POS coins? It seems to me that POS coins are a precursor for pumps and dumps... Especially those with a short POW phase.

[r3wt]

How ironic r3wtt the topic starter I believe is the scammer who made an exchange and used the word "oh I got hacked" so its ok and here is a bitcointalk search on his name https://www.google.com/search?q=r3wt+scam+site:bitcointalk.org&client=firefox-a&hs=hCw&rls=org.mozilla:en-US:official&gws_rd=ssl

Code:

Throw New \Exception('assumed guilt in Line 1:1 drippx.cpp');

fuck off douche, if i say something happened it did, and thats all there is to it.

[BrewCrewFan]

All this shit coins daily hurt.

Then again, its us as a community to put a stop to it.

Bottom line is, if we stopped mining, let alone investing into every coin released daily, they would go away on their own. In fact, I think we are getting better at it.

IMO, I pretty much stopped jumping coin to coin now... I have one that my cards are busy on ATM, but this daily chasing shit, I was part of the problem, but not any more.

[Trillium]

Apparently holding 10m doge for the last few months was a bad idea.  

[Feneusens]

Alt coin market has now dropped below 200 million USD. Discuss.

What does alt-coin market crash has to do with scammers? The issue is more like china ban and bitlicense..

[BitcoinEXpress]

Ban IP  of China in coins  removes 99% of problems

~BCX~

[Spoetnik]

Ban IP  of China in coins  removes 99% of problems

~BCX~

THE Grand messiah for meme's !

NOBODY serves them up like BCX LOL

all i'll say is plenty of people are Asian decent here guys so your not gonne make many friends saying that hahah
I am white but i know some guys aren't

[Spoetnik]

Alt coin market has now dropped below 200 million USD. Discuss.

What does alt-coin market crash has to do with scammers? The issue is more like china ban and bitlicense..

some other guy just asked that and i went on to explain.. as others did

[doremi]

Ban IP  of China in coins  removes 99% of problems

Hail The Great Chinese!they will get rid of evil USD soon!!!!!

[bizzyb]

Just my opinion, but I would imagine those heavily invested in BTC or those with large BTC holdings will happily stand back and watch the altcoin market destroy itself with scam after scam (The "legitimate" coins unfortunately become tainted).

This highlights the "legitimacy" of BTC as a safe haven for investment..an oasis in the desert of altcoin investment failures, the gold standard....

The lack of "interest" by those founders/staff of BTCtalk to support & improve the altcoin section could be perceived as speaking volumes of where their interests lie.

[superresistant]

Actually the altcoin market is far from dead and scammers will scam.

[verloren]

Actually the altcoin market is far from dead and scammers will scam.

And people will continue to get caught up in the schemes hoping that they will be the ones to get the big profit.

[Lauda]

Actually the altcoin market is far from dead and scammers will scam.

Indeed. We could correctly say that they've damaged the altcoin market. Which they have.
Without any moderation from the forum here, most scams will still go through. We can only talk about it, but nothing is changing really.
Maybe some people are getting a bit more aware of scam coins.

[iGotSpots]

Quite ironic...

[Anastasio]

Anyone want to explain to me why Altcoins are good when those funds could be added to the BTC market instead?

[Spoetnik]

Actually the altcoin market is far from dead and scammers will scam.

Indeed. We could correctly say that they've damaged the altcoin market. Which they have.
Without any moderation from the forum here, most scams will still go through. We can only talk about it, but nothing is changing really.
Maybe some people are getting a bit more aware of scam coins.

i think yeah and no..

it's changing as in there is less and less people involved to support these coins.. and more and more coins being made.

i seen this start at about 50 coins total when i started and now i keep hearing about lists mentioning 1,000 coins.
and back then i warned people loud and clear exactly word for word what i say right now !
And i woudl say stuff like what do you all think it's going to look like all over on Cryptsy chat in a year
and NO ONE cared.. i woudl be ignored so fast it's not even funny..

this is a vicious cycle of greed that is spiraling out of control and is only going to get worse.

[forzendiablo]

lately more scams than real coins heh

[superresistant]

lately more scams than real coins heh

You cannot enter an ultra competitive market without strong innovations.
That's what scammers do : they pretend to reinvent the wheel and ask your money for it.

On the other hand, I see very interesting cryptos that are totally ignored because they are not made for a quick profit.

[bizzyb]

lately more scams than real coins heh

You cannot enter an ultra competitive market without strong innovations.
That's what scammers do : they pretend to reinvent the wheel and ask your money for it.

On the other hand, I see very interesting cryptos that are totally ignored because they are not made for a quick profit.

This sums it up perfectly...close the thread