Quote from: yazher on Today at 02:22:09 PM

Quote from: maunderingcabal on May 09, 2013, 01:29:21 PM

There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?

Most of those coins are from the same owners of those shitcoins because after they successfully cammed their innocent investors, they will create another same project with different agenda but their goals are the same they just made another pump and dump coins which will go to become hype for short period then they will going to dump the coins and the cycle goes on. as long as they know they have some people who still believe in their fraud they are not going to stop making such coins because they're making money. they only improve their way of fooling their victims.

They just dump their old created token then move to new one since this is more profitable to have by those scammers than maintaining their old creation. So we need to be aware on this since if we think we can outsmart those scammers they know the other possibilities and for sure they dump first before us. That's why its better not to invest on clear shitcoins because for sure there's no good will happen on our investment and only those scam devs will earn on this schemes.