Too many fake, or junk cryptocurrencies starting as of late?

[Shigobad2020]

I've been hearing of more cryptocurrencies starting up as of late, and it's mind boggling to see. I was wondering if you encountered any of the new ones? Are they bad? I can see a lot of them starting up to scam people, so please be safe when it comes to what you invest in. Research it, and make sure you're not investing into something fake or a scam.

Since crypto currency coin is getting more popular each day, and we are having more than five thousand different coin out there , so many people has been trying to create their own crypto currency.

 

[GIFTMICHAEL]

That's why I'm making use of Binance exchange. It will really be hard to see Binance exchange site listing fake Cryptocurrency.

 

[Hena101]

I won't call them fake or junk bro, that was the exact thing people were saying about Bitcoin when it was lunched, now it's the mother of all cryptocurrency.

Yeah you're right because this is bitcoin started but i think the difference of how bitcoin started and this new crypto currency around is different.

 

[Suba]

I've been hearing of more cryptocurrencies starting up as of late, and it's mind boggling to see. I was wondering if you encountered any of the new ones? Are they bad? I can see a lot of them starting up to scam people, so please be safe when it comes to what you invest in. Research it, and make sure you're not investing into something fake or a scam.

That's why you have to be careful and don't be easily tempted by ICOs, because many crowdsale campaigns are fraudulent, I think IEOs will be better than ICOs because IEOs are launched by crypto exchanges.

 

[Niftyyem]

I've been hearing of more cryptocurrencies starting up as of late, and it's mind boggling to see. I was wondering if you encountered any of the new ones? Are they bad? I can see a lot of them starting up to scam people, so please be safe when it comes to what you invest in. Research it, and make sure you're not investing into something fake or a scam.

You are so right and when you check, you'd see such coins being launched by the minute. I don't trust them enough to invest in them except to make some quick profits.

 

[gammarays]

I think the proliferation and lack of regulation in crypto is what is causing these painful stuffs. You see someone mint a token just to increase his social media page and get money from presale.

 

[Oliver4smile]

Virtually everyone wants to make huge money from crypto currency and this does not exclude the celebs and sport people, so it's just the normal thing.

 

[Heatman]

The truth is that there are so many trash cryptocurrency that are flooded online today and there are no need for me to invest in any of them which is why I call most of them shit coins.

 

[mcjerry]

There are many scam crypto currency that are available now. There are some coin that we just see that we have it without no knowing how we got it. But with the when we try to withdraw or transfer to another person. We will see that it will not be able to be sent.

 

[akinlolu99]

yes there are many fake cryptowallet that are Surfacing but that does not mean that all previously created crypto wallet are good there's just one or two old and I have used and I never liked them or it for example LUNO.

 

[Ub40]

You are correct, one needs to be very careful when it comes to online earning platforms as there are so many scam platforms these days. And one should try to avoid offer that sounds too good to be true. It is good to gather legit cents than being scammed of hard earned money. It is just my opinion. Thanks for sharing.

 

[Chibson]

Definitely, it is so bad that there are a lot of scam cryptocurrencies coming out on daily basis to scam people of their hard earned money.

 

[Zevin]

we don't know whether these are fake or not until these coins scam people. Junk are they? It is difficult to say because when doge was launched, everyone laughed.

 

[Senator]

So many irrelevant coins filling the cryptocurrency spa e out there and been called cryptocurrency like they are of any good to anyone. A lot of these coins coming out lately are poocoins where the creators just want to milk the uneducated and smart investors of their money and disappear

 

[Alexandoy]

I had seen one post in a forum that there are more than 10,000 types of crypto coin already. It makes me wonder why the crypto coin is multiplying in a huge number. If there are only 10,000 traders then it is like having 1 trader for each coin only. If one coin gets 10 traders then there would be 9 coins without trading. What happens to the dead crypto coin with no transaction for a year?

 

[Heatman]

Since crypto currency coin is getting more popular each day, and we are having more than five thousand different coin out there , so many people has been trying to create their own crypto currency.

Seriously, it's actually never really easy for you to be able to have a legitimate cryptocurrency for people to invest in because a lot of fakes are flooded online right now.

 

[Shigobad2020]

Instead of some people to invest innthe crypto currency coin on ground, they just decided to invent and create their own new crypto currency thereby increasing the amount of fake crypto currency coin out there.

Seriously, it's actually never really easy for you to be able to have a legitimate cryptocurrency for people to invest in because a lot of fakes are flooded online right now.

 

[Justin]

The success of dogecoin and shib coin has given birth to a lot of meme coins, we are yet to know if these are genuine coins are are just piece of shit, only time will tell us.

 

[Heatman]

Instead of some people to invest innthe crypto currency coin on ground, they just decided to invent and create their own new crypto currency thereby increasing the amount of fake crypto currency coin out there.

Personally, I'm never really going to be very open to investing in shit coins that no one popular in the world of cryptocurrency knows about as it's totally a wrong move.

 

[Emmy]

One has just to be wise. Some new coins invented tends to put smile on the face of investors and some do not. Since there's no regulations against that, you just have to think twice before investing.