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

[Skysaint]

Yeah, you're right about that mate. Too many junk cryptocurrency are popping up almost on daily basis just that traders are now careful not to pay much attention to all these new coins that are yet to be launched and considered tradable

 

[Good-Person]

Most of the fake cryptocurrencies do not have a good market cap value and they lose value by the passage of time. This is why you must check the market cap worth of a coin before investing into it.

 

[Sotherefore]

If scammers have an opportunity they could have created fake bitcoins and other cryptocurrency to deceive a lot of people and scam them, all these things you are seeing there is just for the main purpose of scamming the innocent people, that is why they are creating cryptocurrency that does not have any potential.

 

[Monster Masterpiece]

Stay away from new coins isn't a solution as an investor needs to try his luck at least once with any new currency with little assets, not a big amount of money or something like that to not afford in case of losses.

 

[Bookwormlux]

This is a season of pump and dump coins as we have lots of them and they're gradually meeting their target as so many ignorant investors are falling for them.

 

[Justin]

The scammers have understood that there is a deep love for new crypto currencies and people start investing in a hope to become a millionaire and billionaire.

 

[Adecyptii]

For sure I have heard about the update, there are a lot of coins which don't even have future value,and when investing one has to be careful to prevent been scammed.

 

[btaliat]

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.

Just like you said, it is not that kind to be quickly judging those coins. Some peole have written off doge coin because it is a meme coin until it was promoted by Elon Musk after about more than 8 years of existence. Now people are running to invest in shitcoins that they always criticized before.

 

[Laurentta]

I've never encountered the new crypto currencies and i hope i don't encounter them. One is even scared to invest in cryto currencies these days because you can hardly tell the real one from the fake one.

 

[greenie]

There are too many fake crypto currency especially token created under etherium, binance SmartChain and tron networks. There are some token that when we add there smart contract address to our wallet through the add token manually link. We will see that we have some amount automatically. This is pure fake.

 

[Sotherefore]

There was a time I was investing in shitcoins, although it was profitable then but now I am never considered to invest in such currency again because I just see it as a waste of time.. we just have to be careful on some of the cryptocurrency we are investing on because most of those projects are not reliable at all.

 

[kayode10]

That is the problem with the people. People like to follow the bandwagon. people believe that bitcoin just came out of nowhere and become what it is today. As a result they believe that they can just create any cryptocurrency and it will become the next big thing.

 

[Good-Person]

A lot of people are creating cryptocurrencies on daily basis which is very irrelevant and cannot be useful for anything. Many people also use it to scam a lot of people.

There might be many advantages and disadvantages of the blockchain technology. I think one of the disadvantage is the invention of such kind of fake cryptocurrencies that are created to scam people. This is why I usually do not invest in new projects.

 

[Ononivami]

There are too many junks cryptocurrency that is been started of late this cryptocurrency are not listed on most of the cryptocurrency exchange and one need to be very careful with them.

 

[Monster Masterpiece]

There are too many junks cryptocurrency that is been started of late this cryptocurrency are not listed on most of the cryptocurrency exchange and one need to be very careful with them.

The cryptocurrency exchange is not responsible for that they just receive requests to list coins after people start using them, being junk or trusted coin is another story.

 

[Lens]

There are too many junks cryptocurrency that is been started of late this cryptocurrency are not listed on most of the cryptocurrency exchange and one need to be very careful with them.

It is true that there are many unrecognised cryptocurrency on the cryptocurrency space. We have countless number of them and they are absolutely outrageous.

 

[James]

Yes their are so many coins are their which is available and can be turn into fake coins and scammed you by taking all your money and we all know just recently someone launch coin based on Squid games and take decent investment and coin prize drop to $0. So beware about them.

 

[Ononivami]

8

It is true that there are many unrecognised cryptocurrency on the cryptocurrency space. We have countless number of them and they are absolutely outrageous.

We have them in thousands. So many cryptocurrencies are very good and they are as well listed on major exchanges. While we also have many junk cryptocurrencies with no bearing in the crypto market.

 

[Lens]

8
We have them in thousands. So many cryptocurrencies are very good and they are as well listed on major exchanges. While we also have many junk cryptocurrencies with no bearing in the crypto market.

We have countless of them in the cryptocurrency market and that is why one need to be very careful of the cryptocurrency to buy. Mostly if it is not listed on the major exchange .

 

[Ononivami]

We have countless of them in the cryptocurrency market and that is why one need to be very careful of the cryptocurrency to buy. Mostly if it is not listed on the major exchange .

I don't really like to work or use the cryptocurrency that is no listed on the major exchange. It will be very difficult to liquidate them. So, i prefer to stick with the relevant ones.