We can do something to stop it .
Like clearing shitcoin .
I'd be all in favor of it. Need some ideas.
It's amazing that newbies still just on new coins with 3% PREMINE or 4% PREMINE or more.
Really is craziness that they expect it to be worth anything.
But how to find a good coin ?It's really a hard job.
Stick with the big 3- Bitcoin, Litecoin, Dogecoin.
Dogecoin was not one of the big three until very recently. The fact that a coin can still break out like that says that new ones aren't necessarily worthless, though most are, and it is certainly a lot of work to dig through trash to find a treasure.
When you see a long period go by with no successful new coins, you can declare altcoins over. How long that needs to be is unclear.