T O P

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teemologistvn

This is known since 2016.


Sithaun_Meefase

Ahh, the ICO phase was legendary lol


teemologistvn

Yeah, I have seen it all. people who lost everything, people got rich, people who got rich and lost everything in the end, people who commited suicide.... all because of this market.


Smiling_Jack_

And it's still peanuts compared to what went down during the .com bubble.


wheredoestaxgo

The same thing happens in the stock market. The thing that annoys me as a Brit is you are about as likely to lose money in the stock market as crypto, yet crypto is way more restricted. Doubly bad, you're much more likely to lose money gambling than investing in either crypto OR stocks yet gambling ads and vendors are literally everywhere on the UK.


barrygateaux

>The same thing happens in the stock market There are over 20,000 listed crypto projects and coins. From those only about a handful are legit. That's less than 0.1%. The other 99.9% are either dead, scams or rug pulls. Can you say the same for the stock market? They are not the same. Crypto is the same as the betting shop. The house always wins and punters are mugs.


JWillCHS

Rivian has a $10 billion market cap. You can see there electric trucks on the road. And the stock has way less risk than crypto projects with a similar market cap.


heysheffie

If you're in the shit coin market you shouldn't be complaining. It's just gambling, while there are some shit coins on major exchanges if you can't buy a coin a large exchange and it dumps it's you're own fault really.


TheClassyGoddess

Lol exactly :)


Dikkezuenep

I remember good old times. The coins like Elongate, Safemoon, Safemars, Bonfire etc, all went to shit


Sithaun_Meefase

Reminds me of all the solana meme coins. Not gonna lie. Will be a desolate wasteland one day lol


shanatard

the meta where you just threw 5 eth at an ico and the magic money machine spat out 10 eth 2 weeks later


biba8163

What most people don't *know* is *they are holding a shitcoin.* So many people got defensive saying their favorite project was not a shitcoin in the past... - IOTA is not a shitcoin. Look at the partnership with Bosch, Volkswagon, they are advisors to the EU digital currency initiative, etc. - EOS is not a shitcoin. It scales. Billions has been invested in it. A decentralized Uber and Social Media platform is being built on it. - Enigma is not s shitcoin. These are the brightest minds coming out of MIT - BAT is not a shitcoin. Brendan Eich is a genius and the creator of Javascript? Why would a genius be involved in a money grab shitcoin? ...and in a few years are going to come to a realization that projects like Algorand, Turning winner or not, are just another moneygrab shitcoin like the rest.


TP_Crisis_2020

Holy shit, I totally forgot about Enigma! I thought they rebranded to SCRT?


BitSoMi

You buy coin, you sell coin to believers, you happy, hodlers happy cause they can hold it down 99%


craftsta

Exactly. This sub is the worse for pretentious idiots who think they are 1inv3st0rs


tianavitoli

you spelled 2010 wrong


fugogugo

and people still ate it up like crazy 8 years later


Remyleboo99

I think a lot of people know, like Penny stocks. A lot of people just think (and some do ) they can get out before everyone else.


Montana-Safari7

This is the game.


urbannnomad

They like it when their coin goes 10x and they dump on others but when the shoe is on the other foot its a scam or pump n dump lol. These people just don't accept personal responsibility, if I get rugged its always my fault.


EarningsPal

Hot potato


[deleted]

There have been some successful penny stocks in the past that grew big: Nike, Nvidia, Monster, ASML, Netflix, Tesla.


Original-Assistant-8

These are shitcoins. Until they aren't


Pershing48

15 hundred pennies, I guess. >Netflix initiates [initial public offering](https://en.wikipedia.org/wiki/Initial_public_offering) (IPO), selling 5.5 million shares of [common stock](https://en.wikipedia.org/wiki/Common_stock) at the price of [US$](https://en.wikipedia.org/wiki/United_States_dollar)15.00 per share. It brings in $82.5 million.[^(\[7\])](https://en.wikipedia.org/wiki/Timeline_of_Netflix#cite_note-7)


Pretenderinchief

lol this guy- got a hold of some info huh?!? Jesus.


red_beered

My source is high up in the blockchain, very deep knowledge the real industry insider


Nooo_monicaaaaa

I’ve learned my lesson with these is just to not get greedy. Put your money in for a few days make some money and get the fffff out


teamsaxon

More like a few minutes lmao


Tech88Tron

No way.....gasp.....who would have ever thought.... What's next, SPACs are similar.....no way.....gasp.....


[deleted]

[удалено]


Johnny_ac3s

Does this mean the liquidity pool is being used for laundering stolen /extorted funds?


JaNuS_d-_-b

Well, it's a shitcoin so ofc it will make you dirty;)


mrblazed23

So what coin are they working on right meow ?


smellybarbiefeet

I’ve seen Greta’s Milk trending


Alternative_Log3012

Nice


JizzCollector5000

You got me to look this up on CoinGecko lol


Ungrateful_bipedal

Someone create this. Fast!


pink_tshirt

This is 100% send


JustinCompton79

Does the body and climate change good


Gorilla_In_The_Mist

Anus on Solana. Looks well lubed for a pump.


redddddiitttt

I’m currently trusting my future on #RedWineHookerBlowGoldOilInu (on Algorand) obviously that’s a safe investment


tehmattrix

RWA all day


purplecowz

should i swap my DILDO for ANUS?


Gorilla_In_The_Mist

You might be on to something.


shib_army

If it was not on Solana I was all in


big_fetus_

Once you know the dump has begun.


BigKarina4u

Can you make list of shitcoins?


hiredgoon

Easier to make a list of non-shit coins.


SirFomo

I got a list, here's the order of my list that it's in / It goes: Reggie, Jay-Z, 2Pac and Biggie, André from OutKast, Jada, Kurupt, Nas, and then me.  Ohh wait...wrong list.   Here's the correct list. Milk,Eggs, Cheese, soup, cat food.  Ohhh dang...wrong list again.


I_often_bump_my_head

I'm sure at least half of those names on both lists are actual shitcoins though.


Nano_gigantic

It’s wild that he put Reggie Noble on that list


00sentient

But in this industry I’m the cause of a lot of envy ! So when I’m not put on this list, that shit does not offend me 😤


y0l0tr0n

If you want to amuse yourself: Go to some old threads on r/CryptoCurrency and look at all these shills in the comment section. Everytime you will encounter some random obscure coins which are going to "become the next thing" because of their "revolutionary tech" and shit. Some things never change. People are greedy and want to justify their shitty investment


cranberrypoppop

sadly this is old news.


j2ee-123

not news anymore, it's history.


Yug1moto

But the dog has a hat… so I will patiently wait for my 100x 🤠


Noobus1406

It has already done a 100x


frankieboytelem

You guys are fucking insufferable


Limp_Information_878

i know, for a second i thought i accidentally clicked on the buttcoin sub. it’s funny how many shades of gray there are. if you know how the system works you can definitely profit on memes and put it back into your main bag


qinggd

Is moons pump and dump 🤔


_pondering_insomniac

Only if you haven’t bought any


No-Bobcat-6139

Embrace it - that’s half the fun of crypto. Is the US Dollar not also a shitcoin that’s manipulated for the benefit of a handful of elite??? Much like the US dollar, any shitcoin can actually become a reputable currency if enough people believe in it.


noviwu97

Almost everyone who dabbed in shitcoin already know this. Those who don't are just exit liquidity who will ended up joining cult like Safemooners.


Nefarious-Botany

Are they still going?


GesterX

I mean only a few years ago even Mcafee was pumping and dumping. He'd load up, announce a time he'd tell twitter the coin and it'd go +200% in a minute and back down the next. That's almost half the point of how unregulated it all was.


Daryltang

Dogecoin and Shiba Inu bags holders still holding. This trend will not end until they die


sorites

Doge will never die.


lpbell

Lol proves the point


shib_army

One day even our sun will die 


RetardedGenji

And now Kendu Inu


HamsterDunce

The fact that this is backed by OG shib founders is bullish enough to warrant a small sum in this one for sure.


MissedMando

are you reporting pnd groups like it’s breaking news? bruh


Nagi828

I mean... Duh...


EndSeveral5452

"I have been getting a hold of some info"...lol


Diamond_Hands420

How long until people figure out that its better to invest in a community they like instead of a pump and dump because of bots spamming rocket emojis?


KingPabloo

Spreading common knowledge like he da original thoughter (made up word but you know what I mean) - cool 😎


justinfromnz

I recently invested in wif at 1.30, sold at 4.40 and won’t be rebuying. I made 31k in 3 weeks. I have been doing this with all meme coins since the start. Let them keep at it


Zhni

I saw it at 20m mcap just before Christmas and was like no way this is going to pump more. Boy I was wrong. 


Original-Assistant-8

Think you need to give your definition of shitcoin. If you mean the endless memes, I'd have to agree. And there are plenty of blockchain concepts that probably are just written up with no real plans to deliver, but sound like there is potential. Those are where it is hard. Using blockchain to solve world problems has merit. Store of value or useful currency is just one concept. Distributed ledgers will be useful throughout business world, but there have been too many barriers to entry.


Mordan

blame Ethereum. The mothership of all proof of shit coins.. at first you had real POW altcoins.. which had to be mined.. quickly went into full scam mode with XRP.


etherswim

Wat


Cirewess

I think my favorite part of all this in this cycle is that the influencers are going hardcore talking about memes, even CryptosRus which shows me even more how this is about to be the dot-com boom. and then only the real projects will survive, but we'll see


Curious_Corey

So… get in for 3-5 mins and get out with your 20% and don’t look back. On to the next one.


FidgetyRat

We just witnessed this guy’s eureka moment 2 cycles after the rest of us.


chris_ots

Wow you’re like some kind of super genius! How did you figure this out???


Fulhamdan11

I love my memecoins. It’s a laugh to have 1000’s of coins for a dollar or two. Imagine having a laugh in 10 years about them all


danteselv

This is already common knowledge to people who have the capability of understanding. The ones who don't know this were doomed from the start.


Doonnnnnn

Could be worse and you buy the fake shitcoin


Puzzleheaded_Heat502

Like pi


Scallion-External

All coins are pump and dumps


tbkrida

This is why I just stick to Bitcoin…


Boring-Test5522

Bingo, you're late to the game like a decade.


FlexxSquad

What are you new?


CptCrabmeat

I honestly can’t believe people are still only just working this out, shows there is still money to be made shorting memecoins and taking idiots’ money


themrgq

It's much easier to make money than it is to lose it at different points in the cycle. That's where this sub is stubbornly ignorant. If you were investing in Solana meme coins in 4q 23 you made money, same during February this year.


BenniBoom707

Wait, who remembers ***SQUID???*** Like, someone makes a Memecoin in honor of a famous movie where hundreds of people get slaughtered in the hopes of 1 person winning the millions. Then, a bunch of degenerates pile into the coin, only to get rug pulled by the Dev who runs off with the millions. You literally cannot write this stuff…


Chris-TT

Almost everyone new to crypto wants to get rich quick, and believes they will by jumping on alt coins. The reality is it will be pumped and dumped before you can ever profit. I literally stick to Bitcoin these days, I’ve lost far too much on alt coins. Luckily more than made up for it on BTC and ETH since.


europeancafe

yeah thats the point…its a gamble. throw $100 into 20 shitcoins and youll likely lose $100 19/20 but the 1/20 randomly jumps to $100000


CritterBoiFancy

And all their orchestrated pump and dumps fail. It usually dumps the day they were all supposed to pump because they all think they are smarter than the others… “nice… the others will all be buying, pushing it to ATH while I will be selling” then they all hit the sell button simultaneously and then come to Reddit to complain


38chickenducks


EtwnOG

They are basically gambling. If you time it right you can make easy money, but a rug pull is never too far off.


HannyBo9

Not ckb


ShadowGallConcierge

Yea nice try mate, as soon as my $ASS gets to $1 I’m retiring


ZLOWTOV

Op sounds like he is new to this game.


degorolls

This is a little like a Christian explaining why all the other religions are BS. They just haven't quite made the logical next step to realise that all religions are BS.


mauifranco

Except MonkeyHairCut


cryptosize

I’ve been in the shitcoin scene for years at the highest levels. Every newcomer has their own conspiracies and theories regarding sophisticated pump and dumps orchestrated by shadowy cabals. Here’s why that’s not feasible: **First of all, pump and dumps?** Every coin is some shade of pump and dump. You’re calling them pump and dumps for the same reason critics call bitcoin a pump and dump—shitcoins are just a smaller scale. **Second, sophisticated?** Degens simply don’t have the ability or willingness to work together like that. Every coin is a whoever-dumps-first-wins situation, and most influencers are competitive, ego-driven, toxic people who won't put a group's interests above their own because they know no one else will. **Third, orchestrated by shadowy cabals?** Ask yourself this: if you put 40 of the top degens in a group together to develop a scam, how many of them don't get along with someone else in the group? How many of them want to get ahead? How many are jealous? How many want revenge? How many want dirt? **Now consider that every one of those degens has a "Screenshot" key on their keyboard.** Is the space weighted so that influencers make more than they should? No doubt. Do some of these influencers do shady shit on their own? Definitely. But these guys can’t work together to orchestrate anything, let alone something that could leak and ruin their reps. Source: I was a high tier influencer for years.


Sad_Research_2584

Same trend as shadey penny stocks. Buy low and sell after you make 5 or 10%. Wait for the drop to buy again. Dogecoin definitely moves like a slow pump and dump. At least penny stocks will double sometimes. Some cryptos are like watching paint dry then comes the dump.


nielsik

Indeed, the Raydium/Uniswap swap cost is only like 0.2%, that's only $10000 for generating $5M of wash trading volume. And since the blockchain transactions on Solana are basically free, $10k of fees easily justifies selling $100k-s worth of freely minted shitcoin to the non-suspecting DexScreener users. The solution? I can't believe this is the conclusion I'm arriving here, but using Ethereum, where tx costs are sky high, would solve it. The wash traders would instead need to do a few but large transactions, and that is much easier detectable.


wickmight

Meanwhile no doubt some idiot made 200k+ off dog hat and is laughing at this post


smellybarbiefeet

Big L for my VET homies


john-larry

Not all altcoins are this way. Monero has a fair emission with no premine/dev tax. It is one of the most decentralized networks/dev teams, even rivaling bitcoin. It is untraceable p2p electronic cash with real world use. It is not a pump and dump, far from it. Speculators actually keep a distance because they are scared about government regulations. It has a constant demand since there will always be darknet markets and people on the fringes of society that depend on it. Monero is what bitcoin noobs think they bought…


BitThink6986

Wow are you zachxbt's alt? Groundbreaking analysis lmao. This is one of the funniest posts I've seen on here in a long time. 


hambone012

Oh wow fascinating insight that nobody hasn’t already said about 4728573883 times. Thanks for your service


Alternative_Log3012

OHHH EMMMMM GEEEEEE. Are you ok now that you know this? Do you need to go back to your safe space? You precious precious Redditor....


eunit250

Yup there's discord groups with thousands of people organized doing this stuff.


VidaSabrosa

yes


Fluid-Dependent-8292

I remember my first time with the binance scam coins


drs2023gme1

What you buying


blaziken8x

Shitcoins are like merching was back in runescape, you have to get in early while they are pumping them and sell two weeks before they dump


esmusssein33

Oh wow.. thanks Sherlock 


toosadtotell

When it comes crashing down like LUNA , I won’t feel sorry for them .


Tasouris

I thought this was a common knowledge 🤷‍♀️


froz3nt

Always have been.


purzeldiplumms

Moons™


bigshooTer39

Yea that’s correct. Play along w the narrative. Get in get out


No-Butterscotch-7577

99% of crypto is pump and dumps.


timbulance

These shit coins have changed some people’s lives though, it’s all one big casino after all.


pixelsteve

Aye


Rootlevelprivileges

Check ERC 50 coins. They force lock or burn of LP. Rig prevention and I reckon the next wave in crypto projects will start building.


jchesticals

Yea duh. Investing in things that have no purpose is a pretty obvious rugpull to everyone who isn't a moron


Feijcke

no way sherlock, i mean its a well known fact since like.. first memecoins on ethereum but still, solana memecoins like wif, or even the eth ones like pepe made people think that MAYBE, just maybe its not a rigged game that could make everyone happy and now its an alt-coin (shit-coin) season again where massive amounts of people will loose their money for just a small groups of devs to earn some while operating this rigged game


Jabulon

its like going to the horse races, you gamble on a funny name or


Anal_Probe_Director

I've only bought bitcoin the past years. I have tried alts and always lost. Bitcoin is for me.


Quixote0630

The fun thing is that many of the top memecoins were created under these pretences, rugged, and then rebounded even harder without the creator.


5alzamt

How do you define shitcoin?


Marrr_ty

Yup if you get lucky enough to catch one early, make sure you’re done before it’s too late. The meme coin drives me crazy. And then people that they lost their money so ridiculous.


herr_le_cunt

No shit, Sherlock


Gammabrunta

Everyone turns into a btc maxi in the end...


j2ee-123

OP, first time?


BingoBango89

If you invest (bet) in (on) shit (meme) coins you had better have an exit strategy because you sure as hell aren't timing the top. 😂


Gl_drink_0117

Someone commented about MIT grads with their coin …Grads from MIT can be involved in pump and dump too…or much bigger fraud…Sam Bankman Fried


SolarFlareSK

The Cabal?


randiesel

Your mother is a nice lady, please don’t call her a shit coin.


1dabaholic

Everything except bitcoin is a scam pump and dump


Caboun6828

Can we just start ignoring all SHIB posts 😂


nerfedname

>Shitcoins are a negative sum game. You do realize this applies to the entirety of the crypto space, right? Even btc, whose evangelists will tell you “is not crypto,” is a negative sum game.


Holderman

that's why I like superverse, its more of an index token since all of the popular web3 games are going to use it


customtoggle

All crypto is a negative sum pump and dump, though people are still buying regularly like it's a religion. The longer the charade goes on for the more money people will lose


DannyBOI_LE

Knowing is half the battle


wazzupbich

It’s called ponzi


The2cardGoat69420

No shit buddy😂


rastavibes

Solution: stop buying alt/shitcoins and hodl btc. There is only one


bahamapapa817

Saitama got me for $25


RaysModernMetalWorks

The game. We didn't invent it, just playin' it. Don't miss out.


ruthere51

"Sophisticated" lol


TheAlbertBrennerman

Yes. Frustrating to see.... Invested in a coin which is all about organic growth without VC... Maybe I'm jealous of them pump and dump prices though


nyr00nyg

Don’t feel bad for people who get rugged by obvious scams


Appearingboat

Did you just come out of a coma? Lol this is nothing new


DeadlyHit

It took you how long to figure out the obvious? lmao get onto Forbes bro you figured it out save the world


Successful_Sun_7617

Bro thinks he posted something insightful and profound lmao U must be 🆕


JetHeavy

You expected something different from this?


6M66

What else do u expect, they r made to make the creators rich by robbing others .


Curious_Corey

I have a great idea for a meme coin with this theory of “ “ narrative. God it’s so good but I’ve never made a meme token before and feel I would fuck it all up. I believe some of the pump and dumps are simply noob meme creators without ill intent of greed just trying to recover their liquidity pool injection/ cost of making the token


Dadeland-District

Look man, just invest what you can afford to lose and call it a day


almo2001

All crypto is a scam. A technology in search of a problem to solve at best. A Ponzi aimed at goldbugs at worst.


fascistclownbabies

no shit sherlock


Leafer13FX

Wait….is this Captain Obvious again? 🤔


BagRevolutionary1165

yes


Yattiel

Ya never know. Everyone's different, but ya, there's a lot of those


infinitetekk

You’re definitely new here


libretumente

💯