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RE: How are YOU destroying bitcoins credibility

in #crytocurrency7 years ago

Respectfully, although I don't think chasing forks is a particularly wise investment strategy, it is not the most glaring example of what is causing traditional investment types to call crypto a bubble. My top candidate are the naked ponzi schemes, such as Bitconnect, RegalCoin, Coinereum, etc. Followed closely by the garbage ICOs that never had a prayer of success. Then we have all of the "investors" who believe that ever "technical" analyst that fronts for a pump and dump of a useless alt coin is a financial guru. So chasing fork dividends may be lazy and misguided, but it far from the darkest force taking crypto into the mud.

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I agree with you ponzi schemes, ICOs and pump and dump coins are definitely more harmful for the poor "investor" who falls into the trap as far as being the ones who have the greatest potential to make you lose the most amount of money, but these also are also scams that feed more on the ignorance and inocence of the new investors rather than the image of bitcoin and the future of blockchain technology