Hi
In last month i saw such easy to predict shema
- few people arrange to make new coin with launch date without prior info to prepare
- few people mining like crazy with already downloaded client and ultra low latency
- fake accounts are posting bid offers, buy 1k crap for 5ltc etc
- they are simulating that is real market price (f.ex 1 usd for coin, so their crap is worth a decent brand new car)
- afer premine is over (more than 50% in hands of creators) they arrange trades on google docs and make giveaway
- then they beg bter vicurex btce for place to dump theirs crapassets
- when it is done they dump coins getting a lot of btc/ltc
- people abandon mining cause it is not worth anymore due to low price/high diff
after week from relase group of creators have real coins from fishes, noobs and early btc adopters/collectors
and lot of naive people are now bagholders
sad.
wchich coin fits this?
It's just kind of how it goes. Do your research and you can tell which devs actually care about making a better coin, and put the time into it. This is where you will be able to tell the scams from the next new thing.... having said that, there is still money to be made on the pumpNdump coins, just depends on how fast/savvy you are.