Quote from: sgk on January 06, 2015, 08:33:45 AM

Quote from: Crypty3 on January 02, 2015, 02:02:38 PM

Quote from: Pecunia non olet on January 02, 2015, 01:57:46 PM

there are nearly as many coins released. Scam-rate is close to 100%

I predict in 2 months not a single dollar can be made on new coin release.

Right now only option is: go to the coins that survived until now and have community. Everything else will die.
New coins don't stand a chance now. Only coins with a strong community can make it now.

I would vote something similar. But I have been saying this for a year now and somehow it keeps going. Though the money does seem to be drying up fast.

There are always new people joining crypto world and who think they 'missed' the bot on all popular coins, so they just get on the next train that promises them good return. And since they're newbies, they fall short of identifying scams from legitimate releases. They just think a 'new universal coin with awesome technology' will triple their investment.

Although Bitcoin has now fallen below $300 it's still too much for most newbies. They want to buy a new coin dirt cheap and watch it go to the moon like Bitcoin did. They end out stuck with a bag of shit coins.