This is one of the reasons on why some investors doesn't prepare to invest in cryptocurrency because of those scam projects and i believe that this might take while for this scam project to be fully removed in crypto world.
That's why they need to learn and have knowledge in which is the best way to avoid this projects and because some of the developer are taking advantage of those new people in cryptocurrency which is really bad and that is affecting and stop the bull to happen.
Topic: Are the scam projects killing entire crypto space? - page 2. (Read 5832 times)
I am hoping that sooner or later the projects will be more filtered so that investors would learn how to trust a project again. Some other project are affected to those scam project. They lost all of their investors because investors are afraid that the money that they invested might get lost or become a part of a scam.
from every side, fraudulent projects almost killed the entire cryptoqurrency space including project investor confidence. actually not only now, but fraud projects have existed since then and still continue today. we can't eliminate it completely but we can still avoid it by not participating in suspicious projects.
There's a lots of scammers and more to come since they are seeing the big benefits once they've able to execute their projects and reached investorsto invest with them. It's really killing everything and sending away most of the potential from people who experienced scammed results.
It's hard nowadays to entrust your money only those who have strong faith and still optimistic are the one who able to continue to invest in.
from every side, fraudulent projects almost killed the entire cryptoqurrency space including project investor confidence. actually not only now, but fraud projects have existed since then and still continue today. we can't eliminate it completely but we can still avoid it by not participating in suspicious projects.
Not everyone has left the market but the majority of those that came to this market at the end of 2017 thinking they were going to get rich quickly and that did not cared about this market have without a doubt left the market already and most likely they are never going to comeback.
But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever.
But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever.
Perhaps the bearish phase during 2018-19 helped the market to get rid of non-serious investors and those who wanted to become a millionaire in two days. Even here in Bitcointalk, I am seeing fewer spammy posts (a part of the credit should be given to the merit system though). Those who were serious about cryptocurrency invested their money in genuine coins such as Bitcoin and Ethereum. Those who were not serious, invested in the numerous shitcoins and lost all of their money when the market went down.
But they did not really cared about bitcoin or the market of cryptocurrencies in general, they only wanted to get money and that is not really a healthy attitude when it comes to this market because as we know those that have gotten the most profits are those that really believe that bitcoin and the blockchain will change the world.
I am with your opinions,Yes scam projects discourage the new investors and traders.If a person came here in crypto world to change its life but scammed by any project will never come again in crypto.First impressions leave the forever affect,Newbies should research properly and stay on this forum to read all about the project and know the clues of scam projects.
We all responsible to discourage scam projects if any find scam project dont hesitate to share with community,Many people specially new comers will be save from these kind of scam projects.
We all responsible to discourage scam projects if any find scam project dont hesitate to share with community,Many people specially new comers will be save from these kind of scam projects.
Regulation-will be a "double-edged sword" as the bodies exercising control will represent and defend the interests of a particular "player" whether it is a country or a global Corporation. And from such regulation, there will be no benefit for the crypto community.
That's right. Imagine that you will have a superb idea for crypto and use of its blockchain (totally not a scam) - but the new legislation will not allow you to come to the public with it unless you meet requirements which simply cannot be met by a group of developers not backed by a multi-million companies. Many projects with a huge potential would not come to existence, or some of their solutions will not come from what users really need - but what corporation accountants dictate. This could ruin the industry.
We already see that in the gaming industries. Smaller studios known for some genres and legendary titles are purchased by the big corporations and after couple of years these titles and genres are abandoned as not giving as much revenue as expected (even if they generate profits!).
I am someone who lost my hard earned money to some of these scams. But rather than complaining or whining about it, I used that experience as a lesson in life. It is not right to put 100% of the blame on the scammers. A part of the blame should be shared by the victims themselves. Because their own greed and carelessness enabled the scammers to carry out the operation.
I think, rugulations will solve the topic to great extent
Regulation-will be a "double-edged sword" as the bodies exercising control will represent and defend the interests of a particular "player" whether it is a country or a global Corporation. And from such regulation, there will be no benefit for the crypto community. 
The difficult truth is we are losing all the more new crypto investors to new ventures that winds up been a scam project , new activities are the greatest danger to crypto space totally on the grounds that disappointment has turned into their propensities, too many scam undertakings will make crypto need behind
That is what ultimately made the price of cryptocurrency be destroyed and many of them deflected the name of cryptocurrency because there were so many scam projects that made the cryptocurrency name worse, what had happened had been difficult to recover again. No, the scammers have nothing to do with it. It's just that a lot of new projects have started to appear recently and the competition has grown. Therefore, good projects were lost in the background of many other projects. Investors understand this and they are now less willing to invest their money.
Wait, what? Do you understand what you have said? Of course, scammers and scam project made a big impact on the current deterring of cryptocurrency. Investors are doubting crypto because of scam accusations which is the result of these scheme.
shit projects make people affraid of investing in crypto. from most shit projects, then, people think that all project is scam
we can't blame investor who do generalize. they have right to invest/not in anything
dev must change, regulation is needed, at least for reducing scammer in this space
The difficult truth is we are losing all the more new crypto investors to new ventures that winds up been a scam project , new activities are the greatest danger to crypto space totally on the grounds that disappointment has turned into their propensities, too many scam undertakings will make crypto need behind
No, the scammers have nothing to do with it. It's just that a lot of new projects have started to appear recently and the competition has grown. Therefore, good projects were lost in the background of many other projects. Investors understand this and they are now less willing to invest their money.
Wait, what? Do you understand what you have said? Of course, scammers and scam project made a big impact on the current deterring of cryptocurrency. Investors are doubting crypto because of scam accusations which is the result of these scheme.
Crypto investors learned a lot from previous hype of ICO"s. Now they know how to distinguish the scam one or the legit one. If ever there is a new ICO or IEO i think before they invest, they study well and observe the project first. Experience is the great teacher. if the crypto investors did not invest in scam ICO's it will vanish and this is the other way or solution to stop scam ICO's.
Yes, because of the fact that those scam projects becomes too stressing and too toxic for all of us, not only for bounty hunters, but also for the investors as well as it becomes vulnerable in exchanges too as they were listing shitcoins which damaging their reputation as well and of course those legit projects also suffer as most people thinks crypto was a big scam.
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.
Crypto investors learned a lot from previous hype of ICO"s. Now they know how to distinguish the scam one or the legit one. If ever there is a new ICO or IEO i think before they invest, they study well and observe the project first. Experience is the great teacher. if the crypto investors did not invest in scam ICO's it will vanish and this is the other way or solution to stop scam ICO's. 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.
Probably yes. Due to the reason that there are lot of existing scam projects recently within the crypto space that have already victimized a lot of crypto users specially those that are new in this space, it cause trauma to them making them to be discouraged or frightened to get engaged into any project which is giving a bad impression and a general idea that all projects are scam which is not totally true because there are still reliable projects though they maybe somehow hard to find.
No, the scammers have nothing to do with it. It's just that a lot of new projects have started to appear recently and the competition has grown. Therefore, good projects were lost in the background of many other projects. Investors understand this and they are now less willing to invest their money.
Yes they are,almost all investors in 2017-2019 already have left the industry and forgets about crypto. They just forgets about crypto and find another form of investments. But there's a good result in this, lets say that all investors are smart nowadays, they always dig deep through the project and do their own research.
Not everyone has left the market but the majority of those that came to this market at the end of 2017 thinking they were going to get rich quickly and that did not cared about this market have without a doubt left the market already and most likely they are never going to comeback.But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever.
Perhaps the bearish phase during 2018-19 helped the market to get rid of non-serious investors and those who wanted to become a millionaire in two days. Even here in Bitcointalk, I am seeing fewer spammy posts (a part of the credit should be given to the merit system though). Those who were serious about cryptocurrency invested their money in genuine coins such as Bitcoin and Ethereum. Those who were not serious, invested in the numerous shitcoins and lost all of their money when the market went down.
Scam projects ,scammers are here to stay, the best thinh to fight these scams is to educate people , especially those new comers in crypto, having knowledge about scams is one good defense.
Yes they are,almost all investors in 2017-2019 already have left the industry and forgets about crypto. They just forgets about crypto and find another form of investments. But there's a good result in this, lets say that all investors are smart nowadays, they always dig deep through the project and do their own research.
Not everyone has left the market but the majority of those that came to this market at the end of 2017 thinking they were going to get rich quickly and that did not cared about this market have without a doubt left the market already and most likely they are never going to comeback.But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever.
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