Altcoin season, scam altcoin projects will appear. Check their Githubs first

dansus021

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Part of AOBT - English Translator to Indonesia

Quote from: hd49728 on June 22, 2023, 10:40:30 PM

The diagram looks like a Electrocardiogram (ECG) but it makes sense from my experience with cryptocurrency market. I will look at their methodology to understand more about the diagram and how they came to that conclusion.

Yes

and when you take a look at the chart sometimes it does follow that pattern even tho is not highly accurate and then here some other info too

Too find altseason BTC.D Decrese BTC price increse and altseason is coming

hd49728

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Quote from: dansus021 on June 22, 2023, 10:20:43 PM

I dont we are at alt season right know,

maybe next month is altcoin at very peak according to this

I knew we are not in an altcoin season which usually follows a Bitcoin season like one month after a Bitcoin season.
It's a Bitcoin season
[/quote]

Quote

- https://hackernoon.com/trading-altcoin-hype-cycles-a-deep-dive-201v3ya9

Looks interesting and I did not know about it.

The diagram looks like a Electrocardiogram (ECG) but it makes sense from my experience with cryptocurrency market. I will look at their methodology to understand more about the diagram and how they came to that conclusion.

dansus021

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Part of AOBT - English Translator to Indonesia

Quote from: hd49728 on June 21, 2023, 11:37:33 PM

Are we in an altcoin season?

I dont we are at alt season right know,

maybe next month is altcoin at very peak according to this

- https://hackernoon.com/trading-altcoin-hype-cycles-a-deep-dive-201v3ya9

Tho Scam project will never end in fact scam industry will never end. That is why DYOR is needed before investing

hd49728

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Quote from: Z390 on June 22, 2023, 08:28:57 AM

I've heard this few times before, and I can say that it's not always true, Bitcoin dominance is deceeasing but remember that some altcoins won't create a new lows when they are release in the market, they might never go back to their past lows again.

Altcoins don't fall in bear market are very rare. They can be new altcoins that are creating hype and FOMO or they are very good altcoins with good developments and can build very attractive products in bear market.

I am not sure I can find those altcoins and I use a safe approach, don't touch altcoins in bear market.

Quote

I remember in 2022 when Kaspa was trading for 0.007$ and today it's 0.023$, even when there is fear in the market, Kaspa never go back down to that price again, few altcoins will do the same, I have some on my list that I keep waiting for the past lower value of 2022, they never go back till today.

Kaspa was shilled a lot before the collapse of Terra and I remembered I saw many tweets from CarltheMoon about Kaspa. He tweeted and had videos with a guy who invested early in Bitcoin and they tried to shill that Kaspa can be another good investment like Bitcoin.

Z390

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Quote from: hd49728 on June 21, 2023, 11:37:33 PM

Are we in an altcoin season?

It's a Bitcoin season

I will wait for a Bitcoin bull run in 2024 to buy altcoins and I planned to do it in early months of 2024, not in 2023.

Today the market is very Green and many altcoins have big jumps but are they good and safe to invest your money in?

Check their Githubs.

Gainers / Losers list
Trending Cryptocurrencies list

I will not invest my money into altcoins in trending list, top gainers list if their Githubs are bad.

I've heard this few times before, and I can say that it's not always true, Bitcoin dominance is deceeasing but remember that some altcoins won't create a new lows when they are release in the market, they might never go back to their past lows again.

I remember in 2022 when Kaspa was trading for 0.007$ and today it's 0.023$, even when there is fear in the market, Kaspa never go back down to that price again, few altcoins will do the same, I have some on my list that I keep waiting for the past lower value of 2022, they never go back till today.

hd49728

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Are we in an altcoin season?

It's a Bitcoin season

I will wait for a Bitcoin bull run in 2024 to buy altcoins and I planned to do it in early months of 2024, not in 2023.

Today the market is very Green and many altcoins have big jumps but are they good and safe to invest your money in?

Check their Githubs.

Gainers / Losers list
Trending Cryptocurrencies list

I will not invest my money into altcoins in trending list, top gainers list if their Githubs are bad.

hd49728

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You can check Github manually or you can make a quick search with CryptoMiso.com

The website gives you 4 options: past 3 months, past 6, 9 and 12 months to check Github Commits of 300 cryptocurrencies. There are projects from years ago, past bull runs or since 2019, 2020.

Some old altcoin projects are still actively developed with good Github commit numbers. Top altcoins in last 2 years will be tested in this bear market and their activities in Github will decide their projects will get new all time highs in 2024 - 2025 bull market or they will be forgotten in next years.

blckhawk

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Quote from: chichidori on July 01, 2020, 09:10:48 AM

It is given that every time there is a successful project there will be a clone of it no need to look on github the Anne threat shows it all even the white paper sometime is a copy-paste with a little revision on it, some scam project will be too lazy to even make a presentable website most of them will just use what it is already on it and add a little text on it, Defi or not has the potential to be a scam.

Quite true. If you look thoroughly on their whitepaper you can now barely see if the project were a scam or not, if it happens you spot some plagiarized content then there's a high probability that it was a scam, and be sure to stay away from it. Their website could also be another way to tell if the project was a scam, I am pretty sure you can tell if the content of the website was legit or not. Websites also contain the developers of the project if it happens their info was missing that was definitely a scam and based on my experience I've seen several projects like that, they eventually made an exit scam. But yeah these are just simple ways to determine the legitimacy of the projects, if you still like more in-depth investigation then try checking the progress on Github would be better.

hd49728

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Crypto market is crazy during the past few months. DeFi projects are everywhere and not all of them are newborn DeFi projects. Some of them are dead projects that borrow the DeFi name and swap their dead coins to ERC20 chain and use the DeFi names to try attract new investors who don't know origins of those dead projects and steal money from those greed investors.

The steps in OP can help you to check out development activities of dead projects before they swap to DeFi. Don't believe in their promises, look at their development activities instead.

hd49728

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Quote from: ilovealtcoins on September 08, 2020, 02:40:38 AM

Exactly having to check the source code first, DEFI projects are often very vague about project identity and source code release. Farming projects are blooming and often copy the source code of previous projects. If you have difficulty viewing the source code, consult the blockchain developers who can help you answer your questions.

The tip of the scam iceberg is easy to recognize. The name of token is kind of common trend used by scammers. Check their project's roadmap, coin or token specifications, total tokens own by creators, and activities on Github.

When you check activities on Github, it is the time you move further to dig deep and investigate their projects. Sometimes, I don't check Github because it is enough to realize their scam methods at beginning.

Many bitcoin forks, many swap DeFi, many delicious tokens. The later created tokens are copy cats from source codes to names. Forks from source codes, and fork from names. Scammers are stupid and they only be able to reproduce works of others, with very small changes.

ilovealtcoins

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Exactly having to check the source code first, DEFI projects are often very vague about project identity and source code release. Farming projects are blooming and often copy the source code of previous projects. If you have difficulty viewing the source code, consult the blockchain developers who can help you answer your questions.

hd49728

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DeFi is overwhelming recent weeks but scammers are only waiting for such hype wave to release their new scam projects. Please read my OP and I wish all best for you to not get trapped by scammers.

See some threads on DeFi that aims on scam DeFi projects
Top 10 DeFi projects
DeFi scams [history]

Helpme_please

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Quote from: lobo13hf on July 01, 2020, 09:26:09 AM

Quote from: Balladtony77 on July 01, 2020, 08:48:53 AM

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels

It's not all of projects were updating their activities through github and there are so many platforms who have been privately developing the product. It's better to see that from the product that has already developed. we can see that from the functionality of the product itself.

we need transparancy from developer team about their development. we spend alot our money to them so its be their obligation to send developtment progress. and github could be the media between them and us , this is be indicator how they work to realize all plan.

lobo13hf

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Quote from: Balladtony77 on July 01, 2020, 08:48:53 AM

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels

It's not all of projects were updating their activities through github and there are so many platforms who have been privately developing the product. It's better to see that from the product that has already developed. we can see that from the functionality of the product itself.

hd49728

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Quote from: Balladtony77 on July 01, 2020, 08:48:53 AM

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels

Not all people are tech gurus and my topic only gives a tutorial to quickly glance at Github for checking activity of project developers. If you are not a tech guru, you can not assess quality of developers' works. Grin

Quote from: chichidori on July 01, 2020, 09:10:48 AM

It is given that every time there is a successful project there will be a clone of it no need to look on github the Anne threat shows it all even the white paper sometime is a copy-paste with a little revision on it, some scam project will be too lazy to even make a presentable website most of them will just use what it is already on it and add a little text on it, Defi or not has the potential to be a scam.

Smart scam teams know how to make an interesting and beautiful whitepaper and don't plagiarise. You are right that most of scam projects have plagiarised whitepapers but it is not always true.

It is basic to say "Don't trust on anything that claims to good to be true". If you are still curious and have time to investigate, do more on ANN thread, Github and so on.

chichidori

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It is given that every time there is a successful project there will be a clone of it no need to look on github the Anne threat shows it all even the white paper sometime is a copy-paste with a little revision on it, some scam project will be too lazy to even make a presentable website most of them will just use what it is already on it and add a little text on it, Defi or not has the potential to be a scam.

Balladtony77

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Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels

hd49728

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Last 2 weeks, more and more crypto websites release articles on DeFi but in this post I only want to give you a warning notification that DeFi projects or non-DeFi projects, there are scam ones among them. To avoid getting scammed, you can apply my tutorial in OP.

DeFi trend can help you get profit for your investment if you wisely choose good projects and good entries. If you won't be able to do so you will end with bad endings.

For crypto investors who have never witnessed a trend by themselves, it is a time to get experience (from their capital, profits and losses) but remember to be as wisely as possible and minimize losses.

jessyj48

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Quote from: Pmalek on February 15, 2020, 03:56:01 AM

Nice instructions. I would just like to extend that people should look at other social media sites as well.
Check the Twitter page, take a quick look at the Telegram channel the project has. What kind of discussions are conducted there. Is it mostly spam, dreams of the project mooning and stuff like that. You can get a good feeling of the project based on the community that talks about it. What kind of information are the admins giving out?

Check out the website on http://whois.domaintools.com/
If it is brand new website, it's a read alarm.

Don't risk and download a brand new wallet on your computer. In 9/10 cases these brand new projects will rely on the Etherum blockchain so you don't need separate software wallets.

Almost all telegram channel I came across spread dreams of project mooning, you can't condemn a project because some wishers are on their channel, the reason why people invest in projects this days is for Mooning, Skyrocket, or altcoin season, they believe they can make huge profits and once in awhile that dream do come to reality.

kizumin

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Here come altcoins season again so this thread is a good read to take all precausion for any new project pop up in this time.

Topic: Altcoin season, scam altcoin projects will appear. Check their Githubs first (Read 1537 times)