Quote from: Lee_Mire on Today at 07:06:50 AM

Quote from: KevinRosa on Today at 06:56:43 AM

As Bitcoin is gradually becoming known to the public, this financial and economic feast brought by technology geeks.
Bitcoin is like honey, attracting countless butterflies (altcoins, air coins), countless new projects appearing, ICO.IDO.
It feels more like a comet hitting the earth, leaving big pits. It seems that there are countless treasures waiting to be mined.
The greed of human nature, the inducement of big brothers, the participation of whales, all kinds of good news are flying all over the sky, but the result is just a place of chicken feathers.
Perhaps the sharp drop of Bitcoin and endless washings can calm more people down.
How do you think about this issue?

I have never heard altcoins be called air coins. That's a good one. But to the point, price crashes or a prolonged sideway price movement usually makes it unattractive for scammers to operate because there simply aren't enough participants in the market to victimize with "air coins". So in a way flat markets are good for the reason of washing out scammers.

Probably because the altcoins are made out of thin air.

The sharp drop of BTC is inevitable though, the price just peaks and because of that, they take profit. It's still going to attract wealthy investors when they see the price dip. You can see Saylor still buying up more BTC. For now, the scammers are calming down but once the price is up again, they'd be back.