Are the scam projects killing entire crypto space? - page 21.

shoreno

full member

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Quote from: Hallmader on September 13, 2019, 03:03:14 AM

Nope. These scam projects are not enough to kill the ideas of cryptocurrency.

while everyone here on the thread agree that scam projects are really killing cryptos but there are you that disagrees with it. do you know actually know what your talking about? can you not see that there are now so many projects up this date than compare to when cryptos are not yet popular.

this is the reason why coins like btc are now going down not just ico are affected here because the publics confidence are dramatically affected but lets hope newer people will only foccus on the good side or in the positive news because they are our only hope to rebuild the reputation of the legit cryptos .

Alisha FR

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Quote from: JeffBrad12 on September 13, 2019, 03:49:16 AM

The crypto space is going back again from its graveyard caused by so many scam icos. This time with the new mechanism called IEO and more smart investors make crypto becomes great again and the golden year for crypto will come in the future.
The regulation will not solve the problem but if that can fix a problem and there will be another problem will be appearing caused by the full control by the regulators.
It's not the best way.
This time more people learned a lot from their past experience.

yes, I just want to add, that crypto requires a new innovation for the initialization process in the market, whether it is in the form of IEO or IPO, I think in the future, the crypto market will be more selective, this can be seen in various projects that exist today, the concept what they have created is very innovative and challenging, and I'm sure the project in 2019 will find a strategic market the following year.

CryptoBry

sr. member

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We have to remember that scams have been going around in different manifestations and colors for the past decades and its history is immortalized with the term 'ponzi' which can still be applicable up to now. With the coming of cryptocurrency, scammers realized that they also ride the bandwagon and for the first time they are truly rejoicing since the market has become global and not anymore limited to certain locations or even a country. This was the bad and scary situation we witnessed with so many bad ICOs of 20127 and even in 2018.

Now, investors are already wary of similar projects because there is no guarantee that a project can be genuine and that the people behind are true and not fakes and scammers. Coupled with the fact that a start-up can really have a hard time to survive in the marketplace, investors are demanding that things should be transparent and there should be adequate vetting before a project can be allowed to do the crowdfunding. And this is where the current IEOs come. Still, there is no guarantee whatsoever that scams will not happen.

JeffBrad12

hero member

Activity: 2954

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Leading Crypto Sports Betting & Casino Platform

The crypto space is going back again from its graveyard caused by so many scam icos. This time with the new mechanism called IEO and more smart investors make crypto becomes great again and the golden year for crypto will come in the future.
The regulation will not solve the problem but if that can fix a problem and there will be another problem will be appearing caused by the full control by the regulators.
It's not the best way.
This time more people learned a lot from their past experience.

alberdina

member

Activity: 644

Merit: 10

Because crypto conditions 2018 look bad and especially for the ICO project. It looks like this crypto is becoming a field to commit fraud. I prefer when an institution in the form to do a checking of the ICO project, IEO and STO. The Institute will definitely filter and supervise projects. The work of this institution can be informed in this forum.

There may already be a team checking, but I think their work is not maximal. Because there are still many fake projects. Hopefully with an idea like this can provide benefits.

So that investors and bounty hunters can join a project that has good quality.

Hallmader

sr. member

Activity: 1123

Merit: 253

Nope. These scam projects are not enough to kill the ideas of cryptocurrency. The most that they can do is to give crypto a bad name.

Do you think that Bitcoin will die if all altcoins will end up shitcoins? I don't think so. Bitcoin will continue thriving. And before these scam projects will significantly damage the reputation of some great projects such as Bitcoin itself and a handful of altcoins, they are already dead.

cytpoway121

member

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I understand your point of grief; but do you also know that for many projects that exit scams; there are innocent individuals who got in hugely and got huge rewards from investing??

This is why crypto currency investment is not a child’s play, you need to get in when the price and chances of profits are higher

Kvalentine

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Quote from: forexandcryptoauditor on September 13, 2019, 12:21:07 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.
Kissing 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.

We all seem to be hoping for regulation to finally be free of scammers and cheaters in crypto space but i do hope the regulation will be that effective atleast to some extent but mind you scammers can't be 100% killed, they will always find a way, its better to learn to avoid them rather than waiting for regulation that might not happen anytime soon

Winscosinally

member

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Scam projects are not killing the entire crypto space but they are only making Altcoins looks very bad and untrusty, most especially new starting up projects, many investors are turning to big exchanges now for half guarantee of a project success, projects listed on binance are still doing fine even after some value loses but investing in such projects still have upper hand than others

Baby Dragon

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OWNR - Store all crypto in one app.

Quote from: danherbias07 on September 13, 2019, 12:28:52 AM

Yes that is true but this kind of news is kind of expired by now.

Those scammers have done it a year ago and they had been successful.
Now, there is not much people who really want to risk a lot to new projects and it is hurting them. But the old ones are still on going. Bitcoin is one example of it.
Not all will be affected by it anymore.

Its indeed has a huge impact on people, it makes them more afraid because of what they had experienced and we can't blame them because it happens on most of us too. Most of them are not willing anymore because they think they are falling again into some sort of scam, you can literally find them everywhere and that is the reason why we need to be very aware and careful.

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

Quote from: danherbias07 on September 13, 2019, 12:28:52 AM

Yes that is true but this kind of news is kind of expired by now.

Those scammers have done it a year ago and they had been successful.
Now, there is not much people who really want to risk a lot to new projects and it is hurting them. But the old ones are still on going. Bitcoin is one example of it.
Not all will be affected by it anymore.

You are right. Old is still gold.
But I think more research and innovations required for future prospects of blockchchain technology. If this is affected by scam projects, there will not be complete stop but delay to entire cryptocurrencies growth.

danherbias07

legendary

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Leading Crypto Sports Betting & Casino Platform

Yes that is true but this kind of news is kind of expired by now.

Those scammers have done it a year ago and they had been successful.
Now, there is not much people who really want to risk a lot to new projects and it is hurting them. But the old ones are still on going. Bitcoin is one example of it.
Not all will be affected by it anymore.

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

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.

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