I am thinking to create a post that collects a list of bad coins/scam likely altcoins. If you are interested in helping, please list out the name of altcoin and reason. I will collect all the input and list them out on this post, to help new investors to avoid the high risk of losing their money on these bad coins.

Coins:

New York Coin /NYC - A coin without a whitepaper and good website. In their website, you can see pictures of New York merchants that use their coins and video that they had joined the Thanksgiving parade in New York City (with only one banner raises in the sky). Do not get fooled by the pictures and the video. If you want to invest in this coin, please dig deeper and take a look on their twitter replies, even their followers are against this coin. Plus they are only available on yobit.net, an exchange that can only deposit but not withdrawal. Think twice before you invest.

(More to input later......)