be careful with projects that offer you great prizes, that is not a guarantee of

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: ?? on ??

Quote from: Seghokendil on September 05, 2019, 03:30:58 AM

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

Absolutely right, I have seen a lot of projects with great hype, at the end of the day it's more of a scam than real project. Some will even lie about the amount of dollars they have made, so that they can attract some investors, get their money and disappear. We should be extra careful in jumping into offer of exorbitant returns within a little time that looks impossible.

Extended ICOs and the delayed bounty distributions serve for the one purpose. The more time they took from the investors, the bounty participants they will be able to solve the upcoming problems, handling the chain reaction problems is not easy. The bounty hunting shouldn't only be about the benefits of free promotion, the both parties have to look at the background image for getting an idea of what's going on.

Ashong Salonga

sr. member

Activity: 882

Merit: 260

Well, that was true. No project can certainly guarantee you a promise of income to be predicted even before the project has been launched or even while the project promotion is still running. As projects are running on the present time, the assurance of earning or having a profit will vary over time depending on the performance or the way everything is running because the success of the project will be dependent on what is currently happening on the entire span of promotion. No project can predict that after project they guarantee you a big promise of profit because everything is just about to happen so if you do not want to get disappointed, then better know that such sayings are just merely part of their promotion strategy so don't get attached to much with it for you not to fail with your expectations.

Chuky92

copper member

Activity: 966

Merit: 5

Quote from: Seghokendil on September 05, 2019, 03:30:58 AM

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

There are promises a project will give and one can tag then scam right away, just like you pointed out, a project saying their coin will worth very high within a very short time is only but trying to lure people in, because everyone knows that new projects first struggles in the initial stage and with constant improvement and depending on the team can achieve their goals but when a new projects starts making unnecessary promise it's good to look twice. Also, any project offering a certain assurance of your investment growing massively within the short period just like the cases of Ponzi should be ignored because it is not far from Ponzi as well.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Ponzi and pyramid schemes have existed for many centuries and even now people fall prey to such scams. In cryptocurrency, the impact is much more amplified because of the decentralized nature of the market and due to the lack of regulations. Most of the time, the new and inexperienced users don't have any idea about the risk associated with the project in which they are investing in.

@MarkHen29177965

newbie

Activity: 154

Merit: 0

I frequently face that issue, numerous projects currently give members incredible high prizes and rewards,however I question that. from one viewpoint the market is in a debilitated circumstance and this can impact new crypto clients particularly apprentices. they will consider how to get speedy benefits by putting resources into ventures that offer enormous prizes. however, I don't prescribe that choice. By now i'm sure that many members on here have learn a lot when it comes to too good to be real offers mostly from new bounty projects looking to prey on new crypto investors, when an offer is too good they it's nothing but a bad egg

Baby Dragon

sr. member

Activity: 896

Merit: 272

OWNR - Store all crypto in one app.

The issue is that regardless of the amount you educate them, if and only if their mindsets are just concentrating on the potential advantages, at that point they won't listen. Novices are giving people an opportunity to exploit the situation since they just keep risking their own money without even thinking that it can make an enormous negative impact on their funds and assets. They don't understand that it's the trickster's approach to beguile them, it's the specific reason behind why we should be cautious of such situations because it will direct us on finding a project that is worth it and beneficial. We can't simply rely on their promises since we don't have the foggiest idea about their genuine intention. You may find researching as difficult and laborious however your time and exertion will be commendable because you will easily understand the things that you have to consider before investing on some projects.

kamblepatry09

jr. member

Activity: 53

Merit: 2

Most of the time Newcomers are tempted.
If they see more profits they do not judge anything and then jump, then return home with empty handed.
If we analyze the minimum judgment before investing somewhere, then the risk of danger will be reduced.

Magkirap

sr. member

Activity: 896

Merit: 267

★Bitvest.io★ Play Plinko or Invest!

Quote from: hahay on February 01, 2020, 06:57:25 PM

A big prize is not a guarantee and even what happened until now, a good project only gives rewards at a low rate, so when there is a project that offers a large reward then in the end they will only get negative feedback from observers here, but all have reasonable reasons and we should be more careful. Indeed, when someone offers a big reward it will make many people greedy without worrying about the results in the future, because when greed happens in the end it will only make us regret having sacrificed time and even the money invested is useless.

So obviously their primary targets are the ones who are new to this kind of thing, they know newbies will have more chance of biting their scam projects than someone who are here in crypto and has been into projects for quite some time because they knew that those people will most likely not fall for their traps, always remember that you need to work for every coin that you will get in projects and if you encounter projects that offers you reward that is greater than the work and effort that you will give think about it maybe its a scam.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

A big prize is not a guarantee and even what happened until now, a good project only gives rewards at a low rate, so when there is a project that offers a large reward then in the end they will only get negative feedback from observers here, but all have reasonable reasons and we should be more careful. Indeed, when someone offers a big reward it will make many people greedy without worrying about the results in the future, because when greed happens in the end it will only make us regret having sacrificed time and even the money invested is useless.

Winscosinally

member

Activity: 490

Merit: 16

By now i'm sure that many members on here have learn a lot when it comes to too good to be real offers mostly from new bounty projects looking to prey on new crypto investors, when an offer is too good they it's nothing but a bad egg

b1boy

jr. member

Activity: 392

Merit: 2

I frequently face that issue, numerous projects currently give members incredible high prizes and rewards,however I question that. from one viewpoint the market is in a debilitated circumstance and this can impact new crypto clients particularly apprentices. they will consider how to get speedy benefits by putting resources into ventures that offer enormous prizes. however, I don't prescribe that choice.

Tylev

full member

Activity: 854

Merit: 104

Of course, it’s impossible to unequivocally say that ICO teams that will offer and offer large amounts of rewards for participating in ICO bounty campaigns are fraudulent, but this happens very often. In addition, even if such ICO teams intend to work on their project after the ICO, then anyway, as a rule, they do not fulfill the promise. In all other respects, it is a matter of chance.

starblocks

hero member

Activity: 1344

Merit: 502

You are right in implying that these types of projects that offer an unrealistic ROI or that fall under the HYIP classification in the cryptocurrency world are generally illegitimate and a lot of them have turned out to be outright scams so make sure you steer clear of these products

alrose

full member

Activity: 720

Merit: 103

Quote from: GunsLair on November 19, 2019, 03:31:10 PM

Quote from: salty on November 19, 2019, 03:07:08 PM

Quote from: Katashi on November 19, 2019, 01:04:00 PM

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.

In my opinion in any whitepaper it is specified.Nobody gives guarantees anywhere.There is no guarantee that someone will not die tomorrow.It's the same with tokens and projects.

I agree. Usually, in the main conditions is prescribed that no one gives any guarantees and doesn't bear any responsibility.
And in general, it seems to me that people are now becoming more cautious and no longer believe when they are promised crazy money.

In crypto, I have not seen crazy money and profits for a long time,but still IEO on binance and kucoin helped me make good money.Although it’s not a big amount, it’s still profitable. I think the ICO has outlived itself. Buying tokens for ICO investors really have no guarantees. And this is bad.

GunsLair

jr. member

Activity: 644

Merit: 1

Quote from: salty on November 19, 2019, 03:07:08 PM

Quote from: Katashi on November 19, 2019, 01:04:00 PM

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.

In my opinion in any whitepaper it is specified.Nobody gives guarantees anywhere.There is no guarantee that someone will not die tomorrow.It's the same with tokens and projects.

I agree. Usually, in the main conditions is prescribed that no one gives any guarantees and doesn't bear any responsibility.
And in general, it seems to me that people are now becoming more cautious and no longer believe when they are promised crazy money.

salty

full member

Activity: 562

Merit: 100

Quote from: Katashi on November 19, 2019, 01:04:00 PM

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.

In my opinion in any whitepaper it is specified.Nobody gives guarantees anywhere.There is no guarantee that someone will not die tomorrow.It's the same with tokens and projects.

dnsokoljuk

member

Activity: 924

Merit: 11

Quote from: Seghokendil on September 05, 2019, 03:30:58 AM

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

That is true. Almost always better when project givest not a huge, but real reward. Such like Harmony One - they giveaway only 15K USD.

ameliana

full member

Activity: 887

Merit: 100

it is common in this crypto room, that a project that offers a large prize is only a form of their marketing strategy. you can see that in every ico project that appear, Most of them offer large prizes as bait to attract market investment. from there you can redefine before investing in any project.

boris singer

sr. member

Activity: 882

Merit: 268

Quote from: ?? on ??

But OP a lot of project wants to offer large profit so that investors will be greatly encouraged to invest at that project no matter what. No project would want to reverse psychology their investors by saying that they'll be guaranteed with low profit.
This market is competitive so projects should show what they're capable of giving to their potential investors like discounts, etc.
Other than that is up to the investors whether they see it a legitimate project or not.

Big prizes and so on do influence the psychology of investors, but in the end investors also give up because the hope for ROI is not even visible, the supply must also be balanced with demand. I prefer the type of marketing that prioritizes supporting partners first, and the project development ratio does not shift too far from the original plan.

BeManga

sr. member

Activity: 961

Merit: 269

CryptoDirectories.com

Quote from: Furryball on November 19, 2019, 02:06:30 PM

We all can't escape learning the hard way in crypto space, i was a victim of few scam projects, they made huge promises and promise to reward huge rewards but all failed but i have learn,many will still fall for this until they become smart by learning from their mistakes

i agree learning from a mistake is almost natural in crypto space
until now there is still a lot of scam project but as long you don't invest its not bad to try
because if you failed you will learn and get more experience in crypto

Topic: be careful with projects that offer you great prizes, that is not a guarantee of (Read 1274 times)