Are we cheated by some good altcoins? - page 2.

Francis Freeman

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Sovryn - Brings DeFi to Bitcoin

Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Whenever you are investing in a coin always check the circulating,max supply and how the tokens will be unlocked and released into circulation. This way you can avoid getting stuck with coins or getting overwhelmed by too many coins being released.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Do not be fooled by rankings my friend. When Bitcoin started out, there were many "scam" exchanges out there..that manipulated the trading volume statistics on their platforms. In the East it got so bad that some governments in these countries closed the exchanges.

They were in competition with each other, so they faked the trading volume to attract more people to their exchanges. (Because traders are attracted to platforms with high trading volume activities)

A lot of the smaller exchanges are doing the same and sites like Coinmarketcap are using manipulated data to determine rankings. As soon as legitimate exchanges realize this, they delist the tokens from their platform. Wink

maxreish

sr. member

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Merit: 326

You've been actually cheates by the team. And by that time you reached that 3 years, since some exchanges are taking it off already. I don't think the price can recover and is worth holding anymore. Sorry to say but it's obviously a trick by the devs and the team and you fell fo their failed swap plan.

Also, being on the top 150 lists doesnt mean they are worth to invest and to hold. Maybe a bait. And if it was locked until 3 years, of course the price was controlled because it can't be sell by the holders.

djmixen

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Activity: 518

Merit: 11

The market always in control by the whale investors, in short, the number affected are those traders who don't have big capital to buy altcoins in every exchange platform. That's why the number one who earns a lot on this type of business in crypto space is them(WHALE INVESTORS) Because they can dump and pump it anytime they want unlike us we can't able to do that.

H1N1

full member

Activity: 812

Merit: 100

That is cheat of course, the team shouldn't do that, otherwise the value of their coin will going to dump.
The total supply of the coin should remain the same from the beginning to end, so the holders won't lose the value of the coin.
It is very important to know the coin details before we buy them.

BeginToMine

full member

Activity: 434

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https://www.payaccept.net/

This is actually sad. Always check projects before investing but the sad one is, projects always bring good total supply that will entice investors but after token sale and listing on exchange they will certainly increase the total supply gradually and dump finally. Let's be guided though.

Pamadar

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Quote from: lumeire on September 03, 2020, 02:53:53 PM

Quote from: ecnalubma on September 03, 2020, 01:04:32 PM

Sold most of my INS way back then until I found out that they conducted a swap, swapped the remaining to XNS but its not that much but well the 3 years vesting makes me uncomfortable probably most investors too. But lets see what they’re up to, been monitoring their progress through social media. I don’t judge projects easily, they still have chance to deliver their products to investors, unless its a trouble with SEC.

Projects always think that the people who are investing are dumb and they are always looking for ways to scam these investors. Even with a lot of bounty campaigns, technically they should pay the participants right after the project ends, but in reality they ask the participants to wait for atleast 2 months and until then either the project is already pumped and dumped a lot of times or is either close to being dead, so now there isn't any chance for the normal people to earn an honest living like the days of 2017.

Most of the time it happened. Once investors trust already move away from the project
expect that it fall completely, developers will take the advantages to blame things with dumpers while doing
their own dumped, such actions are really annoying but reality around, not a good way to hold investors
money it's very risky.

lumeire

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Next-Gen Trade Racing Metaverse

Quote from: ecnalubma on September 03, 2020, 01:04:32 PM

Sold most of my INS way back then until I found out that they conducted a swap, swapped the remaining to XNS but its not that much but well the 3 years vesting makes me uncomfortable probably most investors too. But lets see what they’re up to, been monitoring their progress through social media. I don’t judge projects easily, they still have chance to deliver their products to investors, unless its a trouble with SEC.

Projects always think that the people who are investing are dumb and they are always looking for ways to scam these investors. Even with a lot of bounty campaigns, technically they should pay the participants right after the project ends, but in reality they ask the participants to wait for atleast 2 months and until then either the project is already pumped and dumped a lot of times or is either close to being dead, so now there isn't any chance for the normal people to earn an honest living like the days of 2017.

bussybuddy

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PredX - AI-Powered Prediction Market

Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

I do not believe in projects like that, they have their own swap plan and surely investors will lose money when the team does swap. This year I saw Blockburn, they swap in the same way but the price has dropped 100x and made a lot of investors angry.

ecnalubma

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www.Artemis.co

Sold most of my INS way back then until I found out that they conducted a swap, swapped the remaining to XNS but its not that much but well the 3 years vesting makes me uncomfortable probably most investors too. But lets see what they’re up to, been monitoring their progress through social media. I don’t judge projects easily, they still have chance to deliver their products to investors, unless its a trouble with SEC.

wiss19

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Activity: 2226

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Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

You already said it yourself, the coin was deleted by so many exchanges so what else makes you think that you should keep on believing in the coin? It’s fake and you know that already, being deleted by exchanges is a sign. And apart from that I don’t see why they would lock the tokens so that investors wouldn’t be able to use or exchange it at first, that’s a clear sign that they are scammers.

Being listed on top 150 doesn’t mean that it’s a good coin, it can be a bad coin and still come out on top the list. That’s why you have to be very careful when you’re buying any coin. Don’t be too quick to believe everything you see, ask questions and do proper research.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

I guess obviously the market will react to it and the rankings will show it eventually however when something is limiting so much for the trader and the investor you have to realize that it will look a lot higher than it really is. Look at bitcoin SV, do you really think that it is actually that good? There is no way that it is that high however it is not listed in many places and to be frank it is owned by some lunatic who has a lot of money, so all he does is have one place that is big in volume for it and for the rest he takes care of it by spending tens of thousands to keep it high.

So, as you can see without liquidity and a lot of exchanges, some ranks are not correct and ranking places like cmc or coingecko will show that eventually but that takes time a bit.

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

This is very unfortunate, imagine three years before they unlock the token, this is not good so many things will happen by that time I have never known a project that had to lock their token that long consider this a loss or you can still keep your coin and wait for whatever development they want to implement anyway you are not holding a very large amount of their coin.

michellee

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🐺Spinarium.com🐺 - iGaming casino

I think we are not being forced to hold some coins because that will be our decision to invest in the coins. And if we have one or two or more coins to invest, and we want to profit from that coin, we need to follow what it takes, including holding for a long time. That is why before we invest in the coins, we need to find out more about the project, so we can know if we need to invest in that coin or not. We can not blame the project because they will have their rule, and we need to follow their rule if we want to make a profit.

Bitbtc8

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Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

What a trick! Few projects are just like this, the fact is this shows that Insolar team are after their own selfish gains, if I were you I'd take my mind off the project completely and look for better project, every scam projects have their own technics and this is insolars own.

tvplus006

legendary

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To the Moon

Quote from: senyorito123 on August 31, 2020, 07:58:25 PM

Probably it was a speculations that came up to my mind, but in reality we we're affected by whales. They're dumping huge amounts that's why most good and stable altcoins went so dip from previous years and I consider it as not recovering even though we seen some attempt to increase.

If the coin was created only for making money and did not have a working project, then the interest of investors fades over time. Investors invest in such coins, the price of which is growing or should grow in the future. If these expectations are not met, investors take their money back and invest it in other coins that are more stable in the market.

Genemind

sr. member

Activity: 1596

Merit: 335

Being on the top of the market list doesn't imply legitimacy. Each scam project has its own way of smart investors. Some would lock tokens for a certain period of time, some developers are also dumping when the price is good which makes the value of the project less. That is why people must do their due diligence in reviewing the project and even looking at how the team handles marketing and their community and also the transparency of the project.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

If it is true what others are saying about the coin that the developers are controlling the supply, then yes it is a scam coins and you are getting cheated. No matter how good the altcoin may sound, if something shitty practices take place by the developers, than it is a shitcoin. Making you guys hold, while developers dump clearly shows that the developers wants to make maximum profit before letting the coins die. Don't waste your time with those coins. Get rid of it as soon as possible!

Kotone

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Quote from: jajorforce on August 31, 2020, 07:13:27 PM

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

This is considered as cheating, provided that they dont follow their protocol. I think most projects are unfair with some circumstances. I trade this coin around 2018, and didnt not expect it to still be alive cause most legit project that year some of them have gone already. Delisting on some exchange means it does not compete with thr stabilitt and lack of demand.

Helpme_please

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Quote from: ScamViruS on September 01, 2020, 03:35:27 PM

Not all top coins are good coins. Lots of top coins have already left the market with investors' money. I was once cheated by a top 50 coin, which I still remember how frustrated I was at the time. They scammed all investors and they left the market with investors' money. And whatever happened to you, it was really a dirty game played by the dev. I would say that in the coming days, you must be careful not to fall prey to such scams. Increase your ability to do research, move forward in such a way that you can find fake projects.

do you remember centra which is got to be top on coinmarketcap ,but its be scam project when SEC investigate them. i am be one of their victim and be really valuable experience ever as investors. its true capability and skill really important in cryptocurrency market, we could not buy token or coins only due much people talk about it. at this moment only hype that could make investors interested , but they didnt do proper research on project they joined.

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