Topic: Can we consider a project legitimate if it has been in existence for two years? - page 2. (Read 318 times)
January 19, 2024, 05:39:21 PM
That's a hard no. If a business is in business for 2 years does that mean they are legitimate? Not the same but you get the point. Some people play the long game, especially since we've been in a bear market for awhile. They might strike when prices are high and we are in a complete bull. In crypto ypu never say never amd always keep your guard up. Don't trust any project...except bitcoin.
January 19, 2024, 05:29:12 PM
what you guys think should i jump in or not ?
That's not the main reference for seeing whether a business is a healthy business or not, they can manipulate it all so that you (potential buyers of their tokens) believe in them. For me, all things that promise a fixed rate for every day are fake projects, can you imagine, 10% per day? what if they had 10K or even 100K adopters? It would make sense if they only promised a fixed rate per year or what we usually know as APY, and even then it must be with interest that can be said to be low for new projects (10% - 15%) for example.
January 19, 2024, 04:27:54 PM
I was really amazed when i heard a person spend 10000BTC for 2 pizzas and now its worth is 420Million i only wish that why i didn't ordered pizza for him but now another project is coming called Apple Pie and they compared this apple with the BTC lol i know its too much but the projects looks good
Looks good doesn't mean it's good. And there have been many cases where the projects look good but in fact they are not. In this case, when choosing to put your money in crypto, especially a new project, don't just because it looks good. You also have to have indicators of why you look good. and whether it is really on the market and developing. Well, for me personally, instead of speculating on unclear projects, which are of course very risky, it would be better to put my money in something that is truly more convincing. There is Bitcoin, ETH, BNB, MATIC, SOL, why such an unclear project?
January 19, 2024, 01:41:52 PM
Nope, it's not.
We always need to be careful no matter how long is the project, we already see so many projects that end scam even with a long journey. Take example for a project who are listing on binance + a few years running on crypto-space.
Still, they can ended scam. These is ponzi, why they keep running because still got a new user.
We always need to be careful no matter how long is the project, we already see so many projects that end scam even with a long journey. Take example for a project who are listing on binance + a few years running on crypto-space.
Still, they can ended scam. These is ponzi, why they keep running because still got a new user.
January 19, 2024, 01:23:10 PM
Ponzi schemes will emerge like that, when the market starts to improve.
10% daily is already very large, but a Ponzi project that can survive for a long time must have new people and the system is not too greedy.
but if you feel you are still early, please come in, because I'm not too interested.
10% daily is already very large, but a Ponzi project that can survive for a long time must have new people and the system is not too greedy.
but if you feel you are still early, please come in, because I'm not too interested.
It's definitely a Ponzi scheme, they'll keep giving their investors the promised 10% reward and as they're doing this they're also gaining their trust to invite more people into the scheme, this exercise can last up to two years before they'll suddenly shut down overnight. You'd be surprised that people will greedily sale off all their assets, others will borrow and put everything in the Ponzi, when the owners of the scam project are certisfied that they've ammersed so much money that covers thousand times over of their payouts, then they'll shut down. I've seen this happen many times and in the end a lot of people will have bad tales about the Ponzi scam. If you must invest in a Ponzi which i don't advice, don't be greedy and enter with amount that you can afford to loose, and keep collecting their rewards till it crashes.
January 19, 2024, 12:07:12 PM
Legitimacy comes from the development of a project not how long it has been running. I want to name a project whose technology and use case are at their peak but when people see its tokenomics first, they call it a scam. You know which project i am talking about the FIL coin. At the same time look at the HEX project and its growth. It has a massive growth in price, but is that a legit project? It looks a pyramid scam to me that was well funded and it still exist i think.
January 19, 2024, 11:45:02 AM
It is absolutely a ponzi. There's no long term business or even staking service that can provide more than 1% a day for over 2 years. Some new dex might provide better for a short period or good traders might get better results but anything above 1% is outright scam for passive earnings.
The thing with ponzi is that they could have gone totally scam but they keep on running their website and advertisements so that gullible people would fall for it. They also buy paid reviews and some even selectively pay some users or known reviewers to create a conflicting report.
The thing with ponzi is that they could have gone totally scam but they keep on running their website and advertisements so that gullible people would fall for it. They also buy paid reviews and some even selectively pay some users or known reviewers to create a conflicting report.
January 19, 2024, 11:33:00 AM
I was really amazed when i heard a person spend 10000BTC for 2 pizzas and now its worth is 420Million i only wish that why i didn't ordered pizza for him but now another project is coming called Apple Pie and they compared this apple with the BTC lol i know its too much but the projects looks good
If you had ordered the two pizzas for him, with your interest of staking your coin and earn 10% daily, I doubt that the 10,000 BTC would stay in your wallet for 12 hrs without you giving it away to scammers to earn 50% return daily.Offers a multichain Yield Farming like i deposit BNB and get 10% daily on my investment i am curious about how this much rewards are sustainable ?
10% annually is considered as a good profit. But if you can get it daily, who am I to stop you from becoming super rich.but i like the referral program i have seen many projects whose users earn a lot of money just through referral
It is because of the referral system that made the project last upto 2 years. Who knows how many ignorant people will be lured before bull run.And the only thing inspires me the project is 2 years old i can see their presence from the last 2 years and now they are doing their presale !
2 years is big enough, because we are comparing this to Bitcoin, I think bitcoin is just 3 years old. If you refer more people and the people you referred keep referring, you may push the project farther again.what you guys think should i jump in or not ?
Yes! Jump in with what you can afford to lose. January 19, 2024, 10:32:02 AM
Offers a multichain Yield Farming like i deposit BNB and get 10% daily on my investment i am curious about how this much rewards are sustainable ?
Mate, when you've said 10% daily I stopped reading all of what you're trying to say. It's likely a scam and you have to be aware of these gains that are not sustainable and more of a sign that the platform or project you've discovered is gonna scam you. It might be existing in two years already but that doesn't mean that they're already legitimate and passed the test of time. Now that you've mentioned that here, you're just trying to attract more investors that both of you likely to fall in the end. 
January 19, 2024, 09:56:24 AM
And the only thing inspires me the project is 2 years old i can see their presence from the last 2 years and now they are doing their presale !
what you guys think should i jump in or not ?
what you guys think should i jump in or not ?
Just because a project's been around for a couple years don't automatically make it legit. This one here promising high returns daily just for depositing BNB coins seems fishy. No real investment can keep generating those kinds of returns and smells like one of those Ponzi schemes where early investors get paid from the money new investors put in, not actual profits. Especially considering the referral program - they promise you more money on more folks putting their money in. That's how Ponzis work.
Scams come in all shapes and sizes these days, but this one is already a well-known and not at all innovative. Stay away.
January 19, 2024, 09:43:24 AM
Some projects will even last for 3years and above and still crash. Not every long lasting project is a genuine project. Just like internet fraudsters can be so patient with there clients and later get their victim to their web without wasting of time. So scammers don have a specific period of time or years just like A lion will be so patient to devour it's prey. also as a eagle will be so patient to engulf it's prey, so does so many project is.
January 19, 2024, 09:32:44 AM
I was really amazed when i heard a person spend 10000BTC for 2 pizzas and now its worth is 420Million i only wish that why i didn't ordered pizza for him but now another project is coming called Apple Pie and they compared this apple with the BTC lol i know its too much but the projects looks good
Offers a multichain Yield Farming like i deposit BNB and get 10% daily on my investment i am curious about how this much rewards are sustainable ?
but i like the referral program i have seen many projects whose users earn a lot of money just through referral
And the only thing inspires me the project is 2 years old i can see their presence from the last 2 years and now they are doing their presale !
what you guys think should i jump in or not ?
Website and Gitbook links are below:
Website: https://applepies.co/
Gitbook: https://applepiefin.gitbook.io/applepie.financial
Offers a multichain Yield Farming like i deposit BNB and get 10% daily on my investment i am curious about how this much rewards are sustainable ?
but i like the referral program i have seen many projects whose users earn a lot of money just through referral
And the only thing inspires me the project is 2 years old i can see their presence from the last 2 years and now they are doing their presale !
what you guys think should i jump in or not ?
Website and Gitbook links are below:
Website: https://applepies.co/
Gitbook: https://applepiefin.gitbook.io/applepie.financial
No, scams will always come on different form no matter how long they exist it doesn't justify how legitimate they are since they still have a chance to turn scam especially if the investment model they offer from people here is adopting the ponzi scheme system.
Remember this incident if you are not familiar with try to read this article https://www.publish0x.com/introduction-to-cryptocurrencies/hashocean-the-biggest-scam-during-cryptocurrencies-are-start-xgwnn
FTX scam https://www.techtarget.com/whatis/feature/FTX-scam-explained-Everything-you-need-to-know
There's a lot more on that scams and for sure we can see a lot of it since in crypto there's no proper regulation and these criminals will always find ways to scam people even if they risk their long built reputation since they already done and want to take their own profit so we need to be careful on this schemes and we should always be updated on the latest news since this is helpful and we can determine if they are showing some signs that they starting to become a scam.
January 19, 2024, 09:11:03 AM
Ponzi schemes will emerge like that, when the market starts to improve.
10% daily is already very large, but a Ponzi project that can survive for a long time must have new people and the system is not too greedy.
but if you feel you are still early, please come in, because I'm not too interested.
10% daily is already very large, but a Ponzi project that can survive for a long time must have new people and the system is not too greedy.
but if you feel you are still early, please come in, because I'm not too interested.
January 19, 2024, 08:54:41 AM
I was really amazed when i heard a person spend 10000BTC for 2 pizzas and now its worth is 420Million i only wish that why i didn't ordered pizza for him but now another project is coming called Apple Pie and they compared this apple with the BTC lol i know its too much but the projects looks good
Offers a multichain Yield Farming like i deposit BNB and get 10% daily on my investment i am curious about how this much rewards are sustainable ?
but i like the referral program i have seen many projects whose users earn a lot of money just through referral
And the only thing inspires me the project is 2 years old i can see their presence from the last 2 years and now they are doing their presale !
what you guys think should i jump in or not ?
Website and Gitbook links are below:
Website: https://applepies.co/
Gitbook: https://applepiefin.gitbook.io/applepie.financial
Offers a multichain Yield Farming like i deposit BNB and get 10% daily on my investment i am curious about how this much rewards are sustainable ?
but i like the referral program i have seen many projects whose users earn a lot of money just through referral
And the only thing inspires me the project is 2 years old i can see their presence from the last 2 years and now they are doing their presale !
what you guys think should i jump in or not ?
Website and Gitbook links are below:
Website: https://applepies.co/
Gitbook: https://applepiefin.gitbook.io/applepie.financial
Jump to: