Are the scam projects killing entire crypto space? - page 13.

tabas

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Quote from: Nomar on October 12, 2019, 02:59:16 AM

Many ICO projects are dead, I hope you will not participate in the new ICO. This will be better for the development of the industry.

But the reality is that many still do join them and looking for their time to find a jackpot ICO and bounty.

Quote from: daporivera on October 12, 2019, 02:48:12 AM

scam projects are destroying the crypto space, investors are really scared to invest in ICO projects nowadays as a result of ico projects i the past failing to deliver the promised project. In my opinion, lot more than regulation needs to be done.

They are making the confidence of most to lost on this space but it doesn't mean that they are totally destroying the whole crypto space. They are disturbing and discouraging more investors but soon the number will become lower.

tenakha

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Scam projects, phishing sites, cheating links always were there, and even after regulation will be. If the investor does not investigate before investing, of course he will face scammers. Every sector has "unwritten" rules. Unless we are careful with them, surely we hunt.

Quote from: Nomar on October 12, 2019, 02:59:16 AM

Many ICO projects are dead, I hope you will not participate in the new ICO. This will be better for the development of the industry.

In ICOs, the decrease in the buying level affects the industry not good but bad.

Nomar

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Many ICO projects are dead, I hope you will not participate in the new ICO. This will be better for the development of the industry.

daporivera

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scam projects are destroying the crypto space, investors are really scared to invest in ICO projects nowadays as a result of ico projects i the past failing to deliver the promised project. In my opinion, lot more than regulation needs to be done.

Silberman

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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.

Regulation is not going to solve anything, we cannot expect that a centralized party is going to solve the problems of a decentralized market, that is simply not going to happen, what we need to do is to try to find solutions that we can apply in this market and the only way to do that is to educate investors about the risks of investing and how easy it is to lose all your money if you invest in the wrong project, unfortunately this takes significant time and we cannot expect to see great results until many years later even if we began to spread the message right now.

spadormie

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Apparently yes. It is bringing a depression in cryptocurrency as a whole since they are getting distrust by the members of the community that's why it is killing cryptocurrency. Not just ICO scams, this includes money laundering and also fake investments that involve cryptocurrency.

voteformeg

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there was a time that investing was garanteed for a x100 profit , to bad is de fact that where money is earned easy , other people are starting scam's and for sure this has impact on other investors

i did not invest in anything this year , maybe good maybe wrong but i am not getting scammed

asus09

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Many project scam make all of cryptocurreny words look bad and investor will left of bitcoin and altcoin investment, many scam ICO and altcoin after listing on market with thousand investor have lost much money, will bring big effect for other investor afraid to join cryptocurrency again and afraid invest with bitcoin or altcoin

Apes

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this is like a domino effect. Since there are many scam projects that raise funds, the impact is now that the projects have difficulty finding investors, many marketing strategies have been deployed but they still difficulty attracting investment. because the project reputation investments has become bad, now only a matter of time until every project really dead.

reality18

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Scam projects have tarnished the name of ICOs and now the interest and attention of most investors have shifted to IEOs because of its well structured way of carrying out the token sales. The IEOs hosted on tier one exchanges like Binance makes sure that the project is authentic by first collecting proof of doc from the team before hosting the IEO on their exchange platform. This does not guarantee a 100% assurance but it is better in checking out for these scam projects.

MMA Rats

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Fraudulent projects are very damaging to the cryptocurrency, but they won't be able to kill it, because there is no investment in them

kram31

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Yes that is true. they made the investors afraid to participate even if the project is really good.
They do dump fast their stolen cryptocurrency, that is addition to market dump.
Bounty hunters wasted their time promoting the project and has been used to scam people which is worse.

Faxmate

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Quote from: CHRISBIN702 on October 04, 2019, 01:42:15 PM

Quote from: aji567 on October 04, 2019, 01:36:36 PM

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.

in my opinion the most effective way to eliminate fraudulent projects is by verifying the team and monitoring token sales from 0 to completion of the project.

Or how about just eliminating any project that has a business model based around token sales? Tokens are inherently shitty from an investment standpoint. Issuing them, whether you are a scam project or not is irresponsible.

That is the best and the simplest way to keep oneself safe from frauds and loss. There is no point in wasting time on such projects while we have options like bitcoin or ethereum. Indeed, it is not very easy to buy a whole bitcoin at one time but then again, there is no need and a person can start from very small amount and then increase the digits by trading. It is better to stay away from fake opportunities like token projects.

Slash61

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Quote from: Genemind on October 05, 2019, 12:27:16 PM

Scam projects have brought a huge impact on the current situation of altcoins these days. Investors and traders lost their trust for altcoins and focus on well-established coins.
However, this kind of market situation could still go better if there will be successful projects that would regain the trust of crypto users and would prove that altcoins are still profitable.

not just altcoin, but the impact on the crypto market as a whole is huge. investors are slowly diminishing and withdrawing their money from the crypto market. reduced market demand and of course that is because investor confidence is lost because of the many frauds from the project scam.

Genemind

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Scam projects have brought a huge impact on the current situation of altcoins these days. Investors and traders lost their trust for altcoins and focus on well-established coins.
However, this kind of market situation could still go better if there will be successful projects that would regain the trust of crypto users and would prove that altcoins are still profitable.

seagates

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Unfrotuntely, a lot of people are thinking that crypto = scam, we should change it

Saverenergy

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You are absolutely right in condemning fraudsters in the crypto industry. These pathetic scumbags undermine confidence in normal projects and worsen the overall climate and investor sentiment of the crypto industry.

Bim abk

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Quote from: KnightElite on October 04, 2019, 07:55:36 AM

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.

The cryptocurrency market got a bad name from the people in my community due to the scam ICOs. There are people who have now fear to experience loss again due to the scam projects.

fraudulent projects will certainly have many negative impacts, especially investors who invest a lot of funds in it. and because many ico failed and ico fraud many people who thought that ico was a bad thing to continue, and this thought made ico who really wanted to run the target they made would fail. in crypto trust becomes important.

zeze18

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Not really killing it, but it affects much.
It will decrease the trust of the investors to cryptocurrency's world, because sometimes new investors are not doing research to a project that much so they will be snared by scam project

stephanirain

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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.

Scam projects really did left a bad reputation to the industry. They are "killing" the industry by making other people believe that nothing good will happen to you if you invest here. We are being generalized and it is hard to raise awareness and educate the people because most of the times, they only see the bad side of things.

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