Are the scam projects killing entire crypto space? - page 9.

Burogh

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Quote from: adjed on October 30, 2019, 06:06:34 PM

I don't think scam projects are killing the crypto space because the die hard crypto enthusiasts are going for the already established projects, for them it's about the tech and not about the price, I think the scam and price just serves to chase those who just wants to make a quick buck.

If more and more new projects are scams, people will become traumatized and have a negative perception of the cryptocurrency market. In the short term it may not be affected but in the long run, it will hamper the entry of new investors so that the value of transactions in the crypto market will stagnate and there will be no progress

lighpulsar07

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Yes. why because some of coins created just to scam people look at the bitconnect coin we thought that coin is legit but as the investigators found out the coin is ponzi and eventually the site and price bitconnect drop heavily and in the end the team were ran away and never turn back and because of many ICO and ponzi coin scams people are now hesitating to invest on cryptocurrencies so, these are the reasons why i agree these scams are killing cryptcurrencies

meliodas

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Quote from: minersday on November 19, 2019, 10:29:33 PM

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.
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.

Personally, I don't really think the scam projects are the main thing killing the entire crypto space. FUDs are the main contributors killing the crypto space. False spread of unnecessary info about cryptocurrencies are the main reason behind why a lot of people either scared to join the crypto space or adopt to the use of cryptocurrencies for their transactions both online and offline. Scam projects just affect the investment aspect of the crypto ecosystem in terms of investors investing in new projects to promote them. FUDs affect the usage of cryptocurrencies as a payment option and the rate at which people invest in already existing crypto coins...

There are FUDs in scam projects and they are really killing the entire cryptocurrency space because they are ruining the good image of the blockchain technology behind the cryptocurrencies. This is when the regulation comes as a good option because it will help the cryptocurrency to lessen the possible scam projects because they will be filtered by the government institutions.

setialovers

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Quote from: Bim abk on October 28, 2019, 09:08:32 PM

Quote from: setialovers on October 28, 2019, 08:27:42 PM

Quote from: Ultimist on October 28, 2019, 06:51:35 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

I agree that IEO is a safe alternative today compared to ICO. Besides being traded faster on exchangers, IEO is one of the ways to avoid scams on new projects because the funds from the sale of tokens are held by exchangers.

minersday

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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.
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.

Personally, I don't really think the scam projects are the main thing killing the entire crypto space. FUDs are the main contributors killing the crypto space. False spread of unnecessary info about cryptocurrencies are the main reason behind why a lot of people either scared to join the crypto space or adopt to the use of cryptocurrencies for their transactions both online and offline. Scam projects just affect the investment aspect of the crypto ecosystem in terms of investors investing in new projects to promote them. FUDs affect the usage of cryptocurrencies as a payment option and the rate at which people invest in already existing crypto coins...

drachman

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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.
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 huge number of scams is indeed affecting the interest of investors in new coins and it is very easy to see this is true because the bitcoin dominance is still very high despite the lack of growth that we have been experimenting during the last months, but I disagree with the solution you are proposing, regulations are not going to help at all because the ones that will try to regulate the market are not interested that this market flourish their only interest is to try to control it.

Winscosinally

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Scam projects are the reason we are not seeing too many investors in crypto space today and there is no solid way of identifying them, the only option left for all remaining investors have to go through Top exchanges for good IEO projects to invest on

Latines

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Now there are so many scammers that you need to either deal with this professionally or hire a professional to help you. But the problem is that a professional can also be a scammer. It is very difficult to live in such a society.

GideonGono

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Quote from: sazonk on November 10, 2019, 10:16:04 AM

I think that with the Scam project it will not stop the crypto from moving forward. As technology develops from time to time, I feel that the scam project will continue to diminish, but there is also no doubt that IEO, for example, is also a scam. But that is not the reason that scam projeck can kill crypto space, because crypto is a world wide where crypto lovers are located and the existence of each user must have a different background, there are those who really are looking for profit honestly and dishonestly. It all depends on how we react to it, to keep on updating about the development of crypto, which today is more sophisticated in terms of asset security.

They can't kill the price but they are the one of the reason why the price was still low because there are some investor do not invest by such doing so how was the demand if there are a lot of things that are bad regarding bitcoin? There are big investor who experience scam and also some bounty participants do waiting for their token until they realize that it was scam so how was the production of bitcoin goes?

sazonk

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Changing the game

I think that with the Scam project it will not stop the crypto from moving forward. As technology develops from time to time, I feel that the scam project will continue to diminish, but there is also no doubt that IEO, for example, is also a scam. But that is not the reason that scam projeck can kill crypto space, because crypto is a world wide where crypto lovers are located and the existence of each user must have a different background, there are those who really are looking for profit honestly and dishonestly. It all depends on how we react to it, to keep on updating about the development of crypto, which today is more sophisticated in terms of asset security.

macchiato

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If possible it will take longer. Cryptocurrency has built a pretty strong foundation through bitcoin and other coins like ethereum. There are some other coins that were created earlier that were doing good. Coins that were created these past years were the ones that made crypto market low. It is possible that it decrease investors' interest but it cannot totally eradicate the whole crypto space.

pant-79

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Scams has not entirely killed the faith in the Cryptocurrency space, it has done a lot of harm, no doubt about it but it but it has also taught us all a huge lesson, investors are now wary of where they invest and many of them now does extensive research before investing anywhere, scams are bound to happen but it's not really the end of the world because with every scam out there, there are genuine projects that are doing more to make up for them.

fuer44

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to kill as a whole, I don't think so. because pre-existing crypto markets such as bitcoin, etherum, doge and others, will not be affected by project scams because they have determined their own value. precisely the project scam will kill themselves and other new projects. because that's the project that depends on the altcoin market.

biddicoin

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entire crypto has its own community inside, many people still believe in the cryptocurrency which was launched

i dont think so that new scam project will affect earlier coins, bcz every coins have its own communities

IMO, many new scam projects just affect to the other new coins too. like what you said, belief investor has decreased

one thing to stop this, dont invest anyomore to any scam projetc, so they wont be alive continously

Wend

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Quote from: supercanada1 on October 30, 2019, 10:32:05 PM

Quote from: jajorforce on October 30, 2019, 10:34:14 AM

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.
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.

Until new regulations investor should follow their own rules or they can follow this rules.
Without you internally knows the project, you shouldn't join in Pre ICO
You can join Top 4-5 exchange IEO except fake volume like P2PB2B exchange
You can also follow partnership
Also can follow development progress, etc.

Yes, Scam projects is killing our cryptocurrency trust by lost investor trust. For this you should follow your research.

I will not blame scammers or fake projects but the investor for the trouble he faces after being scammed. Not for a minute, I am saying that scammers are good people. NO, they are not but people who get attracted towards their obvious tempting baits are fools and they should learn about the digital market and crypto currencies first, then come up with some decision. Wouldn't it be best if they stay with bitcoin. Everyone knows its potential.

It was easy for us to say it is potential project, But at dark side its a people that are trying to scam us and also tempting us to invest in a project that we dont know if this will be have a chance to succeed or have a future. And it is learn for us for what mistake that we have done and being invested in a scam project, So next time we should try to be aware on those kind of project that have not able to be popular.

supercanada1

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Quote from: jajorforce on October 30, 2019, 10:34:14 AM

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.
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.

Until new regulations investor should follow their own rules or they can follow this rules.
Without you internally knows the project, you shouldn't join in Pre ICO
You can join Top 4-5 exchange IEO except fake volume like P2PB2B exchange
You can also follow partnership
Also can follow development progress, etc.

Yes, Scam projects is killing our cryptocurrency trust by lost investor trust. For this you should follow your research.

I will not blame scammers or fake projects but the investor for the trouble he faces after being scammed. Not for a minute, I am saying that scammers are good people. NO, they are not but people who get attracted towards their obvious tempting baits are fools and they should learn about the digital market and crypto currencies first, then come up with some decision. Wouldn't it be best if they stay with bitcoin. Everyone knows its potential.

adjed

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I don't think scam projects are killing the crypto space because the die hard crypto enthusiasts are going for the already established projects, for them it's about the tech and not about the price, I think the scam and price just serves to chase those who just wants to make a quick buck.

jajorforce

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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.
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.

Until new regulations investor should follow their own rules or they can follow this rules.
Without you internally knows the project, you shouldn't join in Pre ICO
You can join Top 4-5 exchange IEO except fake volume like P2PB2B exchange
You can also follow partnership
Also can follow development progress, etc.

Yes, Scam projects is killing our cryptocurrency trust by lost investor trust. For this you should follow your research.

agentx44

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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.
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.

We can actually claim this fact but the thing is that it is always us who made the killing of the entire crypto space, we stay careless on picking a certain project. We can save the whoe crypto space through being a good observant on the projects we are planning to invest in. We should make sure we check the whole background of the project, the white paper and the team also so that we can see the reliability of the project we are joining and avoid tolerating scam projects.

Javi_Anibarro

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Quote from: Aying on October 30, 2019, 09:19:54 AM

Yes, we can see many projects turn into unsuccessful and being a scam. but now they won't succeed also to fraudulent other newbie users. they are more brainy now and prioritize learning than earn higher profit quickly. but this scam projects maybe kill newbie or innocent investors willingness to invest in crypto and at the same time the entire crypto space because they are taking away users desperate to learn more about crypto.

A scam will not be able to kill the entire crypto ecosystem because we can evade it using knowledge, it is only ruin cryptocurrency reputation for some point. but the communities themselves are able to kill the crypto. If the community loses its hope in cryptocurrency, it will be dead because it will not be used and abandoned. It is alive because it is used by people for their needs, a definition of a dead in here is abandoned and unusable since crypto is not a living being.

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