How are you all? I hope everyone is doing well, Today I will talk about a very important topic, How ALTS Coins are ruining the common people, I will try to find out today, That I will try to share my experiences with you today, So far I have invested a huge amount in the crypto market, currently if I calculate on average, I am in a 60% loss, Now I have understood one thing after being in the market for a long time, Just as we invest in ALTS Coin for the purpose of profit, similarly an ALTS coin comes to the market for the purpose of trading, After the launch of an ALTS coin, the ALTS Coin Team and Exchange make it the most profitable,

Like the last 2 days Binance decided to de-list 14 coins at once,
Recently Binance has been listing a lot of garbage,

Image Source

And then when investors are investing in this garbage, then the team is dishonestly selling their own coins, and the coins There is no future plan for it,
Then Binance is delisting those coins, of which 2 are the beneficiaries, Exchange and Coin Team,
In the meantime, ordinary investors are facing huge losses, where is the end of this scam?
What is the need to list a large number of coins like garbage and then delist them again after a few days?

When the coin is dead, they are bringing new coins in new forms, Exchanges are listing them again for money without any review or research!
Again, ordinary investors are losing their money by investing in these coins,
And on the other hand, ALTS Team Members are living a luxurious life,
They are earning millions of dollars from each project,

The most surprising information is that I used to follow some third-tier exchanges, Voting Listing System,
Recently, Binance is following this system,
And in this, some dishonest coins are buying votes with money,
Because even if they want, they will never be able to get Binance Listed,
If Binance List is done, the market cap will double and a huge amount of business can be done,
All ALT Coins except Bitcoin are now thinking about how to do business themselves,
And this is exactly why everyone's confidence in Bitcoin is increasing, so Bitcoin's dominance is increasing day by day,

Image collect Pixabay

So in my opinion, every exchange should now think about the funds of its users,
And before bringing new coins in the future, weed out the fraudulent coins It should be reviewed in particular,
And if new coins come to the market after a long time, people become curious about those coins, and investors invest in them,
But if a large number of coins come to the market all at once, people are not so curious about those coins,
I hope everyone understands what I mean, if I have made any mistakes here, then everyone will forgive me, I am ending here today, everyone be well, Allah Hafez