Are the scam projects killing entire crypto space? - page 11.

Bim abk

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Quote from: setialovers on October 28, 2019, 09:27:42 PM

Quote from: Ultimist on October 28, 2019, 07:51:35 PM

Regulation can help us get rid of scammers. It is necessary that the registration of a new project was quite time-consuming, so that from the very beginning people consciously went to create a new project. Scam was really very much.

I agree that regulation will prevent many scams from happening. With the regulation, investor confidence in the cryptocurrency market can be recovered and the market will only trade coins or tokens that have legit projects.

for now the best method for investing in new coins is IEO because they offer the security and trust of an exchange to handle new projects, so I think that the problem of fraud for now has been resolved well if there are still investors who are deceived when making investments they certainly don't read about IEO because for now security can be trusted when investing in IEO in exchanges that have good ratings

huu78

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Maybe very difficult to solve this problem where the cryptocurrency itself is anonymous. If it is impossible to stop scams just by catching them inevitably others will not follow him like that.
New projects now there is no brightness to develop even though the project is good at because investors are not sure to invest their money there. IEO becomes a solution but now it is no longer in demand by them because it also has a big risk. On the basis of investors now prefer to save their money by buying Bitcoins or altcoins that are already old.

setialovers

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Quote from: Ultimist on October 28, 2019, 07:51:35 PM

Regulation can help us get rid of scammers. It is necessary that the registration of a new project was quite time-consuming, so that from the very beginning people consciously went to create a new project. Scam was really very much.

I agree that regulation will prevent many scams from happening. With the regulation, investor confidence in the cryptocurrency market can be recovered and the market will only trade coins or tokens that have legit projects.

Ultimist

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Regulation can help us get rid of scammers. It is necessary that the registration of a new project was quite time-consuming, so that from the very beginning people consciously went to create a new project. Scam was really very much.

Eildosa

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Yes, it's true. Fraud has become very much and because of them, investors really stopped trusting projects. But in any case, it seems to me that good projects now have less chance, but they can still be found. If the command will work well, I think it is in any case will find their investors.

lue wang

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Quote from: forexandcryptoauditor on September 13, 2019, 01:21:07 AM

From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.

I feel so sad about some legit project when declare that they will refund our investment. By few money that can't run a project. When people investing in scam project and lose money.

nanaimogold

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Quote from: desticy on October 28, 2019, 03:12:52 PM

Scam projects are undoubtedly a problem, however, it is impossible to say unequivocally that it is scammers who steal money that kill the love and faith of the crypto market for ordinary people and investors.
Rather, an additional incentive for problems is the manipulative and speculative nature of the market itself, which rejects new people from it.
It is not difficult to notice how people with large volumes of bitcoin manipulate the market. It is difficult to predict your investments in such an unstable and unpredictable market.

True. We can't entirely say its scammers that wholesomely make cryptocurrency unattractive but we should also point at the high volatility. Bit I think the volatility shouldn't be a problem if scams and negative events that shift tides In crypto can be controlled. The fact remains that frauds, hacks and the likes contribute a major factor to it all. I hope it can be solved as time goes on

kaconk

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Quote from: shadowduck on October 28, 2019, 02:14:29 PM

Quote from: sirminesalot on October 28, 2019, 01:55:25 PM

Quote from: macchiato on October 28, 2019, 10:13:06 AM

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with many fraud projects can also make investors frightened and there will be less interest in investing and with reduced investor interest will certainly affect the development of the crypto currency itself because in my opinion the development of the crypto currency depends on the investor itself

The development of cryptocurrency cannot depend on the investor. an investor can give a lot of money, but if the team is weak and it cannot use this money correctly, then how can it depend on the investor?

agree, not only depend on investors. there are many aspects that influence it, such as how the team carry out and expand the project and makes innovations. so that it will make benefical for investors & the project itself and continue to grow.

Inu.Guren

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Quote from: Rodeo02 on October 28, 2019, 12:01:31 PM

Investing in IEO must be safer but not guaranteed profitable to all investors. Because many new exchanges are extinct, they also create thier own IEO program they make cheaper listing fee compared to popular exchange . so they can easily attract new developers to enter in them.

of course if we talk about investing money in IEO from newcomer/small exchange is not guaranted whether get more profit or just waste our money in shit project, that's why investor must selective to choose platform for investing money in IEO

desticy

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Scam projects are undoubtedly a problem, however, it is impossible to say unequivocally that it is scammers who steal money that kill the love and faith of the crypto market for ordinary people and investors.
Rather, an additional incentive for problems is the manipulative and speculative nature of the market itself, which rejects new people from it.
It is not difficult to notice how people with large volumes of bitcoin manipulate the market. It is difficult to predict your investments in such an unstable and unpredictable market.

shadowduck

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Quote from: sirminesalot on October 28, 2019, 01:55:25 PM

Quote from: macchiato on October 28, 2019, 10:13:06 AM

It could be a factor. Now, some investors are hesitant but those investors who are really knowledgeable and are good researchers don't make this a hindrance.

with many fraud projects can also make investors frightened and there will be less interest in investing and with reduced investor interest will certainly affect the development of the crypto currency itself because in my opinion the development of the crypto currency depends on the investor itself

The development of cryptocurrency cannot depend on the investor. an investor can give a lot of money, but if the team is weak and it cannot use this money correctly, then how can it depend on the investor?

btcdie

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I think in the crypto world there must be a solution to fight scammers, so the crypto space will continue to run into the future.
in my opinion IEO is the solution for now. what the OP meant might be fraud on the ICO project and at this time the solution was born IEO.

IEO is more popular today because it is safer and more profitable. especially what I like where projects are carried out collaboratively by exchanges and project teams. become more trusted.

sirminesalot

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Quote from: macchiato on October 28, 2019, 10:13:06 AM

It could be a factor. Now, some investors are hesitant but those investors who are really knowledgeable and are good researchers don't make this a hindrance.

with many fraud projects can also make investors frightened and there will be less interest in investing and with reduced investor interest will certainly affect the development of the crypto currency itself because in my opinion the development of the crypto currency depends on the investor itself

ven7net

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Quote from: forexandcryptoauditor on September 13, 2019, 01:21:07 AM

From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.

You're right! Fraudulent projects push investors away from participating in ICOs and IEOs and provide an opportunity to doubt the importance of the entire crypto industry. It is difficult to offer something worthwhile to solve this problem, since scammers every time try to hide their bad intentions. I believe that one of the current methods is to identify fraudsters in the Bitcointalk forum. I want to say thanks to all the participants in this forum who identify fraudsters and bring them to clean water. At the moment, this is the best tool to deal with fraudulent projects.

Winscosinally

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Scam projects are not killing the entire crypto space, its only killing the trust left in the minds of investors, now new projects are the ones facing the difficulty of not receiving enough fund in ICO or IEO simply because investors thinks otherwise

jets567

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Scam projects have made some damage but not killing the entire crypto industry because on the other hand they open the eyes of investors that crypto investment is not a rich quick scheme. Nowadays investors became smarter on picking new projects though its sad because it causes them to lose their hard earned money before realizing it.

gabbie2010

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Quote from: Colt81 on October 28, 2019, 12:03:52 PM

Scam project has almost killed the crypto market, that is why a lot of people and investors had stop participating in ICO projects due to fraudulent projects. It is also the reason why bitcoin and other cryptocurrencies have experienced a huge downfall in the year of 2018. Good thing that everything are now recovering.

Personally I am very scared to invest in any ICO project now based on the past unpleasant experience of scams in fact other investors too are very caution and wary of fraudulent happenings in the crypto space now I believed all these menace is killing the system now partly due to non regulations thus any dick and harry can anonymously create an ICO with a fake teams, whitepaper, roadmap etc which are all hoax to deceive investors.

JeffBrad12

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Quote from: miklesm on October 28, 2019, 12:12:11 PM

For sure, scam projects are having a bad impact on the reputation of crypto, but at the same time investors become much more careful when choosing projects for investments knowing there is a high risk to loose all funds.

Risk is always there but the overwhelming amount of scammers will definitely have a bad effect it could affect the overall perception of people about how dangerous an ICO could be. It's like someone is doing mistake and the entire space take the blame.

If there's a way that allows us to reduce the amount of scammers it should be done because we don't want to repeat the mistake to what happened to most of kickstarter that people are just blatantly accusing that the whole kickstarter space is a bunch of scammers just because of some people.

miklesm

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For sure, scam projects are having a bad impact on the reputation of crypto, but at the same time investors become much more careful when choosing projects for investments knowing there is a high risk to loose all funds.

Colt81

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Scam project has almost killed the crypto market, that is why a lot of people and investors had stop participating in ICO projects due to fraudulent projects. It is also the reason why bitcoin and other cryptocurrencies have experienced a huge downfall in the year of 2018. Good thing that everything are now recovering.

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