Quote from: coin-investor on August 06, 2021, 11:38:32 PM

Quote from: omonuyak on October 09, 2018, 07:32:47 PM

I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!

Its open market and the code of creating a coin is open-sourced, anyone even a scammer is free to create their own token, that makes it hard for us to see what coins have potential in the market, we must do our own research because so many coins are involved in the shilling, check the whitepaper, roadmap, people behind the project and the platform attached to the coin.

It's like that everywhere. When you buy products on Amazon it is not that unlikely you are going to buy fake. You are also going to learn from it, start better scanning for legit recommendations in the comment section and what not. If people launch scam coins or shit coins, those who are buying them will go through a learning curve, hence becoming better investors in the future. That is just how it goes, was the same for me as well.