Quote from: Maestro75 on Today at 07:14:16 PM

Quote from: Alikhaki123 on August 19, 2021, 02:21:43 PM

In a recent speech at the annual PNWER meeting held in Montana, Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, sharply criticized cryptocurrencies, stating that "95 percent of cryptocurrencies are fraud, deceptive advertising and noise," and he also said he had a more positive view of cryptocurrencies in 2015. Kashkari also referred to the large number of altcoins and called them "garbage coins."

What Neil Kashkari said is common knowledge but how did he get the percentage that it is 95% of today's cryptocurrencies that are garbage or it is just his imagination with the data? Newcomers into cryptocurrency should be very careful with the tokens they buy. Do not choose a token because it has a cheap price because that may also be buying a scam token or abandoned one. Be careful and do your research before anything else.

We can make our own percentage on our minds and its totally a personal kind own of view since no one could really say on how much percentage of trash tokens or shitcoins in the market.
Fraudulent? Its not surprising because there would be lots of scammer devs which would really take advantage into those newbie investors thats why its really important that you
should really be keen or careful on choosing which project you would tend to invest on.Stick with the top ones and you would be saving up your ass
on this kind of problem and avoid with the risk.