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/biz/ - Business & Finance

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6785008 No.6785008 [Reply] [Original]

I think the biggest threat to crypto is the amount of shitcoins and scamcoins entering the market. 86 new coins have emerged in the last two weeks alone. At that rate, we will have 3620 coins by the end of the year. We need to do more to stamp out the obvious shit/scam coins before they explode. There is just no way that investing in crypto will be profitable if there are too many choices to make. There isn't enough capital to pump 4000 coins.

Maybe somebody could set up a website that blacklists obvious shit/scam coins? to spread awareness.

If any of us are going to make it, the money needs to be invested in good teams with good products.

>> No.6785058

>>6785008
imagine that train going over a bridge then derailing killing every pajeet on that express. what a glorious sight it would be

>> No.6785244

>>6785058
That's what you are investing in. An overcrowded market. Seeing it derail is very possible.

>> No.6785273

Heading to work to shill coins.

>> No.6785366

>>6785244
Excited tbqh fampai

>> No.6785517

>>6785008
Binance CEO said they'd already received 5,000 applications to have random coins listed on their site.
Link for those who are interested. https://www.youtube.com/watch?v=l8XNRTfPgZI

>> No.6785652

>>6785008
Don't sweat the new coins incoming because there will be a mass culling of the coins soon. You will see coins get dropped and zeroed out left and right by exchanges once they stop performing.

>> No.6786020
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6786020

>>6785273
kek'd