Charting the Number of Failed Crypto Coins, by Year (2013-2022)

[daftandbarmy]

Fraud-Coin... it's a thing

The Number of Failed Crypto Coins, by Year (2013-2022)​

Ever since the first major crypto boom in 2011, tens of thousands of cryptocurrency coins have been released to market.

And while some cryptocurrencies performed well, others have ceased to trade or have ended up as failed or abandoned projects.

These graphics from CoinKickoff break down the number of failed crypto coins by the year they died, and the year they started. The data covers a decade of coin busts from 2013 through 2022.

Methodology​

What is the marker of a “dead” crypto coin?

This analysis reviewed data from failed crypto coins listed on Coinopsy and cross-referenced against CoinMarketCap to verify previous market activity. The reason for each coin death was also tabulated, including:

• Failed Initial Coin Offerings (ICOs)
• Abandonment with less than $1,000 in trade volume over a three-month period
• Scams or coins that were meant as a joke

Charting the Number of Failed Crypto Coins, by Year (2013-2022)

We visualize over 2,000 crypto failures by year of death, and year of project origin. See how and why crypto projects die in these charts.

www.visualcapitalist.com

 

[OldSolduer]

Cryptocurrency is digital alchemy and a Ponzi scheme all wrapped up in one.

 

[Colin Parkinson]

LOL just had someone try to get me into it at the local marine store. I told I could hack off some bits of the coins in my pocket.

 

[quadrapiper]

Cryptocurrency is digital alchemy and a Ponzi scheme all wrapped up in one.

With bonus energy waste thrown in!

LOL just had someone try to get me into it at the local marine store. I told I could hack off some bits of the coins in my pocket.

How piratical.

 

[daftandbarmy]

Cryptocurrency is digital alchemy and a Ponzi scheme all wrapped up in one.

Even so, I've watched (horrified) as otherwise highly educated and responsible professionals got sucked in hook, line and bit coin.

It's like a gold rush, but without the gold

 

[Eaglelord17]

So many people I know are trying to get in on it as a get rich quick scheme based off the ‘bigger idiot’ logic. That being that there is always someone dumber than you willing to pay more for it.

As I tell people if there is a get rich quick scheme by time you hear of it, it no longer works.

 

[brihard]

It’s money laundering’s best friend.

 

[dapaterson]

It’s money laundering’s best friend.

Only when your buddy in the Vancouver casino is off work and the new dude wants you to fill out paperwork when you bring in your garbage bags full of $20s.

 

[RangerRay]

Only when your buddy in the Vancouver casino is off work and the new dude wants you to fill out paperwork when you bring in your garbage bags full of $20s.

It’s so prolific, it has made Vancouver famous for the wrong reasons.

‘Vancouver Model’ money laundering connects B.C., Las Vegas and Macau casinos, inquiry hears | Globalnews.ca

The Cullen Commission heard new details about the RCMP’s E-Pirate investigation into suspected drug-money laundering in BC Lottery Corporation casinos.

globalnews.ca

 

[Colin Parkinson]

It’s so prolific, it has made Vancouver famous for the wrong reasons.

‘Vancouver Model’ money laundering connects B.C., Las Vegas and Macau casinos, inquiry hears | Globalnews.ca

The Cullen Commission heard new details about the RCMP’s E-Pirate investigation into suspected drug-money laundering in BC Lottery Corporation casinos.

globalnews.ca

Anyone who remembers the Vancouver Stock Market and mining business will feel that it's just the same old wheel going around. Same stuff happened with research dollars, independent power projects, renewable energy and few others. these things attract scammers and gullible people everytime. Anyone want to buy a slightly used french fry vending machine?