Post
Topic
Board Beginners & Help
Re: "Scam" coins, Pump and Dump
by
fishy
on 13/06/2013, 00:22:03 UTC
Definitely don't invest any money into a new coin unless you think it has a good reason to exist. If its simply a copy of another coin with one or two settings changed, then its most likely a "scam" coin which will most likely never have any value in the long run.

If you wanna 'get rich from launching a coin', then implement a new feature and innovate, if you have enough knowledge to launch a coin, spend just a little more time to try and do something new/different. At this point all the copy cats have had their day if you ask me, I don't think we will see too many more 'junk coins' take off in the near future.

If I made another "Ripple" type coin, would that be able to make money?
I would make it open source, etc. so it will not be a scam.