Be careful of strange projects - page 4.

uralcryptocoin

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Activity: 1042

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SIGNATURE CREATION by uralcryptocoin

Quote from: sieemma on March 05, 2019, 01:51:29 PM

Almost 90% of the coins we have since their launch in 2017 have nothing good for us but rather they have stolen from us to their own benefit. This is enough for me not to bother with any new project because what I need crypto for is to be used for my online purchases and there are better-trusted coins out there that can do that for me.
One painful thing is that their developers act centrally on the project and decide what to do whether in favor of the community that is larger than them (just a board of 10 to 20). Even if I will invest in a project, I will wait until it gets listed on exchanges and then I look for its strength before I go in.

It's good strategy. If the project has good potential you can skip the first pump and participate in the second more powerful. Otherwise the massive dump will be visible

OTC

member

Activity: 196

Merit: 10

Exactly. The issue is that you can't trust any project. That's why you don't need to trust every project in cryptocurrency business because they can be scam especially the strange projects you know nothing about.

sieemma

sr. member

Activity: 980

Merit: 253

Almost 90% of the coins we have since their launch in 2017 have nothing good for us but rather they have stolen from us to their own benefit. This is enough for me not to bother with any new project because what I need crypto for is to be used for my online purchases and there are better-trusted coins out there that can do that for me.
One painful thing is that their developers act centrally on the project and decide what to do whether in favor of the community that is larger than them (just a board of 10 to 20). Even if I will invest in a project, I will wait until it gets listed on exchanges and then I look for its strength before I go in.

sngwinner

full member

Activity: 432

Merit: 100

We need to read extensively on projects we would invest in. Some of these projects have no plan but they are designed with great ideas to lure investors. We can alone invest carefully to avoid these unscrupulous scammers

siorapokk

copper member

Activity: 190

Merit: 1

You should always be careful, especially with overwhelming scam projects that are live on the crypto market. Invest a lot of time and make your own investigation, before taking part in any project and be sure that it is a legit one.

anatolij.shishkin

copper member

Activity: 995

Merit: 1

Yes, the biggest problem that we can not trust anyone. There is no trust in projects. And because of this, we all lose money. I also lost not much today. I think that the next scammers. I also lost a bit today. I think that the next scammers.

StephenJH

hero member

Activity: 1442

Merit: 521

No more Rekt and Bust

Quote from: 99subsats on March 05, 2019, 12:56:32 PM

It's not only about the name.. Scams are everywhere even with a unique profile. That's why I only trust projects such as tron, tap, beatzcoin etc that are publicly supported by famous people like Mcafee

Wise scammers also adapt to technological improvements and they develop their scamming tools for getting more victim investors. Big cryptocurrencies are more trustworthy and we need to apply the same methods to small market cap coins in order to get more profit.

SneakyRik

newbie

Activity: 72

Merit: 0

Throughout the years, even legit-looking projects turn out to be scams. We need to research the team behind every project before investing. Pretty tiresome, which is why I've stopped investing in new projects for now.

99subsats

newbie

Activity: 101

Merit: 0

It's not only about the name.. Scams are everywhere even with a unique profile. That's why I only trust projects such as tron, tap, beatzcoin etc that are publicly supported by famous people like Mcafee

novusordo

sr. member

Activity: 800

Merit: 250

You just need to select the ICOs that have the product or are doing testnet. Those are good ICOs and you can invest and hold long-term with these projects

Pomogator

full member

Activity: 616

Merit: 100

Yes it's true. I myself got into such an ISO, but as a participant in the Bounty program. So it didn't hurt me much. Because of this, many good projects do not collect enough money.

Haxor321

sr. member

Activity: 489

Merit: 250

Quote from: Ifemini1 on January 09, 2019, 05:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

In my own personal opinion, there are a lot of projects that are scams, that is why you better check every details in the project before you start to participate because you will waste a lot of energy and time if you don't check it.

benjamin11

member

Activity: 406

Merit: 10

Nowadays, majority of ICO projects are worthless and end up scamming investors. We should all exert extra effort on making our own study about ICO projects to pick the right one. Usuallt projects with unusual product and unrealistic goal are suspicious.

Lagduf

sr. member

Activity: 1162

Merit: 260

Quote from: Bim abk on March 02, 2019, 02:56:44 PM

Quote from: Cianix on March 02, 2019, 02:22:45 PM

Quote from: Ifemini1 on January 09, 2019, 05:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

Well, such projects naturally need to be avoided , because they are not well known in the market , I think if you invest only in top-end coins who have long proved themselves on the market!

maybe coins that are ranked in the upper class can get more trust so in the minds of many people it is profitable. the crypto world is not always coins that occupy the upper class benefit quickly but can be used as a reference for the long term

Not all of people are thinking about that dude and as far as i know not all of major coins have real product to be used by us. so many of them are always throwing the marketing gimmick that create so many bullshit promises to the users.

Mr.Noda

member

Activity: 1344

Merit: 10

Yes indeed it is very easy for the uninitiated to be a papa on the bait of a scam. Consonant names of well-known projects lure mostly newbies and they are all fraud. be careful.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: Dobby070 on March 02, 2019, 11:00:49 PM

Quote from: Ifemini1 on January 09, 2019, 05:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

That classic thing are pushing its way into the market. I've joined one project before namely Ethereum classic, and they are going to launch the same time with ethereum constantinople which is quite intriguing.

afaik etc or etherium classic is a legit project and infact the coin is already listed on popular exchanges for a long time . and afaik , a fork coin cant fork itself anymore . fork is only possible for the main coins or the original one . by the way i have joined a couple of those ( classic coins ) before in an airdrop and surprisingly thier value is expensive . ebtc is the one that pump up 100x , after it . the coin got dumped and never rise again .

Dobby070

copper member

Activity: 154

Merit: 0

www.codex.one

Quote from: Ifemini1 on January 09, 2019, 05:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

That classic thing are pushing its way into the market. I've joined one project before namely Ethereum classic, and they are going to launch the same time with ethereum constantinople which is quite intriguing.

jhon15

member

Activity: 434

Merit: 10

Quote from: Dreamchaser21 on March 02, 2019, 07:45:47 PM

Quote from: cryptocyprus on March 02, 2019, 07:41:07 PM

Many examples should not be cited, as recently around Ethereum and its updates there was a lot of hype and everyone was talking about new coins that will get Ethereum holders...

I heard that hype and there is no new eth after all. If you just read an update about the hardfork, you can know that this is just an update so better not to believe to anyone. Well, so many strange project that we should be avoided, so many scams so be careful and deal with great coins or project.

be careful, we are always careful, many of us have been careful but still have fraud or other failures.
if there is a strange project, we better avoid it and stay away from that strange project, because it can cause bad things to happen if we keep following it.
before making an election, you have to be careful and find out the truth, so you are more sure to join or make sure to stay away.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: cryptocyprus on March 02, 2019, 07:41:07 PM

Many examples should not be cited, as recently around Ethereum and its updates there was a lot of hype and everyone was talking about new coins that will get Ethereum holders...

I heard that hype and there is no new eth after all. If you just read an update about the hardfork, you can know that this is just an update so better not to believe to anyone. Well, so many strange project that we should be avoided, so many scams so be careful and deal with great coins or project.

cryptocyprus

sr. member

Activity: 686

Merit: 250

Many examples should not be cited, as recently around Ethereum and its updates there was a lot of hype and everyone was talking about new coins that will get Ethereum holders...

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