Thoughts on the recent influx of ultra-shit coins?

bladee4r · Jul 17, 2021

I have seen recently extreme influx of not shit coins --- ultra shit coins.
Im talking telegram groups with 1000-5000 people with copied and pasted BSCscan code from other dogshit coins.
Some examples.
Tikitoken
egoD (doge reversed, what the fuck?)
Dogeson
UncleDoge
.....
seriously what the fuck is all this. Every time they all have some bullshit "lets go 1000x guys!" and coin usually valued 0.000000000012 and goes to 0.000000000001 lmao
They also impliment some bullshit tokenomics like 10% redistribution in BNB or smth but that's just from a bullshit extra transaction tax lmao.
BSC surge has really harmed crypto and lots of people are getting fucked over on these blatant rug-pulls.... sad to see

R4v3nbl4ck · Jul 17, 2021

I'd stay away from all these shitcoins. They are all scams and disappear after a couple of weeks.

Deleted member 708208 · Jul 17, 2021

Or how about we talk the influx of "ad managers" spamming asking if you have crypto traffic.

alurosu · Jul 17, 2021

Everyone will have a token. It's like having a domain. Most of them are useless, but because of all this attention the strong projects will grow a lot.

bartosimpsonio · Jul 17, 2021

It's decentralization. The more coins, the bigger the ecosystem.

Obviously on the first real shakeup / crisis about 99% of them will die out.

Running a coin requires money to mine it or validate it. So when the going gets tough like in 2018, most coins die out. But the survivors generate new ones and so it goes.

SonOfBhw · Jul 17, 2021

We can't really stop this but if the token has more than 1 trillion coins 99% time it's a shit coin and it's better to get out immediately from it.

Also until people does not understand that get rich-quick is scam, shitcoins will exist.

onlinemarketer12 · Jul 18, 2021

It is easy way to make money (for those launching the coins). That is why so many doing it.

bladee4r · Jul 19, 2021

R4v3nbl4ck said:
I'd stay away from all these shitcoins. They are all scams and disappear after a couple of weeks.

Yep.

rabbitking said:
Or how about we talk the influx of "ad managers" spamming asking if you have crypto traffic.

Havent gotten any of this yet. Whats their objective?

alurosu said:
Everyone will have a token. It's like having a domain. Most of them are useless, but because of all this attention the strong projects will grow a lot.

Thts true.

bartosimpsonio said:
It's decentralization. The more coins, the bigger the ecosystem.

Obviously on the first real shakeup / crisis about 99% of them will die out.

Running a coin requires money to mine it or validate it. So when the going gets tough like in 2018, most coins die out. But the survivors generate new ones and so it goes.

Yeah exactly, just survival of the fittest. It's just left bad taste in my mouth from all the "lets go to the moon!" its just gross. Feel bad for the zeroheads who are falling for this shit.

bartosimpsonio · Jul 19, 2021

bladee4r said:
It's just left bad taste in my mouth from all the "lets go to the moon!" its just gross. Feel bad for the zeroheads who are falling for this shit.

If you really think about it, most crypto marketing is crazy nonsense. Memes and crazy financial principles (just multiply and add and you'd see that most expected valuations are beyond all dollars in existence). Anyway it works and lots of wealth has been created somehow. I'd never have expected that stuff to work but it did somehow.

bladee4r · Jul 21, 2021

bartosimpsonio said:
If you really think about it, most crypto marketing is crazy nonsense. Memes and crazy financial principles (just multiply and add and you'd see that most expected valuations are beyond all dollars in existence). Anyway it works and lots of wealth has been created somehow. I'd never have expected that stuff to work but it did somehow.

Yep, super f*cked

awesomewebsites · Jul 22, 2021

There should be some authority to control these.

kristian98 · Jul 22, 2021

Well, the good side is that the ecosystem is getting bigger

bladee4r · Jul 25, 2021

krishnaverma said:
There should be some authority to control these.

I agree. Not much you can do when it is decentralized though

kristian98 said:
Well, the good side is that the ecosystem is getting bigger

That's true

hero76 · Jul 25, 2021

On that note i’m launching a coin

Thoughts on the recent influx of ultra-shit coins?

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