Cheaters . who caused the cryptocurrency to go down

btc_angela

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Quote from: Ashong Salonga on October 21, 2019, 06:15:41 PM

There different words for cheaters; scammer can be considered as cheater, thus, cheaters are one of the reasons why cryptocurrencies are going down. Their greedy attitude caused every coins to fall. If only, they are fair, maybe bitcoin is still in the high peak.

How are cheaters causing the price to fall? I don't see any connections. Cryptocurrency price are based on supply and demand if you forget. Greedy is another thing, and always when you are greedy in this game, you are going to lose in the long run. And you can't blame people from selling their bitcoin because this is a free market. If you don't want to be a victim here, then be smart.

qwertyup23

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Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

What controls the price of bitcoin is the law of demand and supply. Due to its supply being limited in the market (21 million cap), companies, organizations, or people who own majority of its supply CAN manipulate and control the price by selling/purchasing their stock.

People take advantage of its volatility by either investing short/long-term depending on its price fluctuation in the market..

Quote from: Ashong Salonga on October 21, 2019, 06:15:41 PM

There different words for cheaters; scammer can be considered as cheater, thus, cheaters are one of the reasons why cryptocurrencies are going down. Their greedy attitude caused every coins to fall. If only, they are fair, maybe bitcoin is still in the high peak.

Cheaters are not only the reason on why its price decreases. You need to understand that the law of supply and demand dictates the price of cryptocurrencies in the market due to its nature being limited in supply.

Ashong Salonga

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There different words for cheaters; scammer can be considered as cheater, thus, cheaters are one of the reasons why cryptocurrencies are going down. Their greedy attitude caused every coins to fall. If only, they are fair, maybe bitcoin is still in the high peak.

Zionatin

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I don't think this user is talking about bounty. You can't cheat a project with bounty. It won't affect them. Not sure what the OP is talking about tbh, I wish they would edit their post. You cannot cheat a bounty. If you make more then one account the same amount of tokens will still be sent out. The project won't lose anything. I don't actually see what the problem is really? So long as the work is good who cares?

Quote from: ReiMomo on October 21, 2019, 03:20:36 AM

Quote from: xiboothrezi on October 21, 2019, 02:33:24 AM

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.

Why would someone having more then one account do anything to a project? How does that hurt them? THe same amount of work is still done and the same amount of tokens are still given out.

gabbie2010

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Quote from: ReiMomo on October 21, 2019, 03:20:36 AM

Quote from: xiboothrezi on October 21, 2019, 02:33:24 AM

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.

In addition I believed anonymous use of cryptos gave room for all these cheaters In most cases KYC is not being mandated thus allow multiple accounts cheaters especially bounty hunters who will undermined the lay down rules so as to garnered or earn more money, Investors are now becoming more cautious in what to invest, in many occasions ICOs because of not being regulated and anonymous collects investors funds and ran into thin air, this is a common scenario now in crypto world thus causes cryptocurrency to be painted in a bad light.

ReiMomo

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Quote from: xiboothrezi on October 21, 2019, 02:33:24 AM

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.

Kupid002

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Quote from: xiboothrezi on October 21, 2019, 02:33:24 AM

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

I dont think cheaters will be a problem . There is no guaranteed payment for bounties so why people will multiply his task for uncertain payment.
a chance to join a fraud is high if you will do continue doing it there is also a chance your effort promoting a project will also be wasted.

xiboothrezi

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After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

ivakar

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wait, it is not going to work this way because what you are suggesting is , basically, a censorship
crypto designed to be decentralized and to be free from censorship and control, yes, there is place for fraud, yes, but all you have to do to avoid it - is to study new project well, who stay behind it and do not invest to shady projects. that is not hard to do, it is just takes time

panganib999

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Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

We are all being affected by the movement of the market cap, volatility and bitcoin price, and each and everyone of us affects the market cap, volatility and bitcoin price that's why we need to be cautious and take everything inside the crypto space into consideration.
That's why it isn't surprising that this inconsiderate and selfish act will pull the crypto world specifically the bitcoin's price down. We can do something about it by not buying their schemes and being careful and avoiding patronizing scam company's project.

matchi2011

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Quote from: Wintersoldier on October 21, 2019, 01:07:55 AM

Quote from: Gotumoot on October 19, 2019, 11:58:27 AM

So KYC is there, but why? Many complain when ICO has KYC?

To be anonymous or to not know that you are a cheater.
To not use ID in bad activities or to not know that you are cheater?

This is why, So regulation is needed but who?

For me, KYC is a tool of some scam or fraud projects to look the same way as the legit. Though, it will limit the participants from joining, they can attract potential investors other than bounty hunters. In this regard, them, considered as scam or fraud induces the potential risk of selling information of the users whether a trader or a bounty participants. In short, we should be careful upon sending KYC, if were not sure, then stick to bounties that aren't requiring KYC but our intuition tells us that a particular project has a potential to succeed.

Which is much safer if you are not sure with the team who's asking for your personal informations, stick with non KYC projects though there's always
a risk of not being paid since there's a lots of projects around this industry, be very careful and keep trying to find good teams to support then earn your stake rewards with joy of helping the projects.

Wintersoldier

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Quote from: Gotumoot on October 19, 2019, 11:58:27 AM

So KYC is there, but why? Many complain when ICO has KYC?

To be anonymous or to not know that you are a cheater.
To not use ID in bad activities or to not know that you are cheater?

This is why, So regulation is needed but who?

For me, KYC is a tool of some scam or fraud projects to look the same way as the legit. Though, it will limit the participants from joining, they can attract potential investors other than bounty hunters. In this regard, them, considered as scam or fraud induces the potential risk of selling information of the users whether a trader or a bounty participants. In short, we should be careful upon sending KYC, if were not sure, then stick to bounties that aren't requiring KYC but our intuition tells us that a particular project has a potential to succeed.

Wintersoldier

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Quote from: cr1776 on September 07, 2019, 06:07:10 AM

Quote from: coin-investor on September 06, 2019, 12:39:30 PM

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

It's actually long overdue, the industry needs transparency and regulation, but the big question is the structure and who will run the regulation, and how transparent they are going to be, remember we all thought rating sites are going to help us scrutinize every project, but they end up conniving wit these dubious projects.

IEO is a lifesaver for investors if not for this, investors will turn their back to crowdfunding and they will just buy coins in the market.

It isn't really clear what OP is talking about, but the industry just needs people with common sense. People who think it is reasonable to "earn" 5% per day with no risk don't have that. Likewise these projects if they are awarding coins without doing some due diligence have no reason not to expect to get taken advantage of. It is the projects that need to reform their practices.

I am certain that the op is pertaining to bounty hunters during the ICO stage. Well, what I can say is that, no mayter if there is a diversity of accounts, if people are influences to sell ahead their crypto, they will do it. As well as to say that a project is successful if it has a diversity of supporters or users. these number will determine the success of the project not the alts made by one person.

peter0425

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Quote from: Genemind on October 20, 2019, 11:30:57 PM

If you're trying to say that some bounty hunters are cheating and is causing new projects to fail, I guess that would be too impossible. There's only a small allocated percentage of the total cap for bounty campaigns so I think that isn't a reason enough for a certain project to fail. Fraudsters are everywhere and even bounty hunters were being scammed so both parties should only be responsible and skeptical.

Lol even if the bounty hunters cheat it doesn’t effect the project because the truth is the developers and team are the one who is victimizing the bounty hunters so the feeling is mutual
So the main reason why the crypto is dropping is not the hunters but the team itself these scammers are taking money from the investors and the hunters not even paid for their works so they are just instrument of the scam even the truth is they wanted to cheat th project lol

Genemind

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If you're trying to say that some bounty hunters are cheating and is causing new projects to fail, I guess that would be too impossible. There's only a small allocated percentage of the total cap for bounty campaigns so I think that isn't a reason enough for a certain project to fail. Fraudsters are everywhere and even bounty hunters were being scammed so both parties should only be responsible and skeptical.

Mike Mayor

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If someone cheating bounty makes your project fail then it was a very crappy project, to begin with. I love how you blaming other things. Yes the project failed for eery other reason otgher then it was total crap to begin with. Whatever makes you sleep at night. Ridiculous topic.

Quote from: akeda on September 13, 2019, 06:06:05 PM

To combat fraudsters, I think we need to provide strict rules. And KYC I think is very important on a legitimate project. Forming a company of Kusus to handle various coins, especially for the problem of fraud, I think a good idea. Their job is to watch and detect spammers. This may be a difficult job because this crypto has no legal entity.

You think giving your KYC to a stranger 100s of times is a good idea?? Ok tell me where you live and who you are? Why won't you? All I need to do is run an ICO and you will all of a sudden trust me??

Quote from: Edraket31 on October 20, 2019, 11:54:03 AM

Quote from: Astvile on October 20, 2019, 02:05:33 AM

Quote from: Kambal2000 on October 20, 2019, 01:54:09 AM

Quote from: Oneandpure on October 19, 2019, 11:10:26 AM

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

Each company has their own strategies on how they will spread their ICO or IEO. Most preffers bounty because this forum is already big and they are offering social media bounty which has more population compared to this. Having many bounty hunters will result to more publication about their company so more gets interested. Some uses some big personalities to promote.
There are some big project who has real investors that turned out to be a scam, no one is safe from scam in cryptocurrency world unless you understand and research about an company youre going to invest in.

Having a bounty is a good tool to market one project, the success of project is a success of bounty hunters, so for sure hunters are doing their best shot to promote the bounty the are joining as there where some hunters who are also investing in a project once they have seen it's legitimacy.

It is a brilliant marketing tool since it is free and that is great for crowdfunding.

Edraket31

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Quote from: Astvile on October 20, 2019, 02:05:33 AM

Quote from: Kambal2000 on October 20, 2019, 01:54:09 AM

Quote from: Oneandpure on October 19, 2019, 11:10:26 AM

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

Each company has their own strategies on how they will spread their ICO or IEO. Most preffers bounty because this forum is already big and they are offering social media bounty which has more population compared to this. Having many bounty hunters will result to more publication about their company so more gets interested. Some uses some big personalities to promote.
There are some big project who has real investors that turned out to be a scam, no one is safe from scam in cryptocurrency world unless you understand and research about an company youre going to invest in.

Having a bounty is a good tool to market one project, the success of project is a success of bounty hunters, so for sure hunters are doing their best shot to promote the bounty the are joining as there where some hunters who are also investing in a project once they have seen it's legitimacy.

BChydro

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Quote from: stompix on September 06, 2019, 03:10:46 PM

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

I agree completely with your observation and i am sure it will be a new form of scam projects with the help of exchanges and all they need to do is to pay the exchanges initially and then they could collect a shit ton of money and then pump the coins for a while and dump everything in the market.

Quote from: stompix on September 06, 2019, 03:10:46 PM

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?

Scams come in different form and there is nothing you can do about it and that is a fact, the scammers will also improvise with the trend and in the next two years we will talk about billions lost in the IEO market because of scams.

erickastella

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we cannot prevent that, they do it because they are not satisfied with the prize given by the project, if compared to the bounty I think there are bigger airdrop players using multiple accounts, if discussing bounty it could be a bigger prize than airdrop but it's difficult because you have to use an account that may be legendary or sr.member to get a lot of stacks, therefore maybe bounty players run to airdrop because the prizes offered are much bigger.

Astvile

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Quote from: Kambal2000 on October 20, 2019, 01:54:09 AM

Quote from: Oneandpure on October 19, 2019, 11:10:26 AM

Quote from: ohyeahhaha122 on September 06, 2019, 11:01:20 AM

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

Each company has their own strategies on how they will spread their ICO or IEO. Most preffers bounty because this forum is already big and they are offering social media bounty which has more population compared to this. Having many bounty hunters will result to more publication about their company so more gets interested. Some uses some big personalities to promote.
There are some big project who has real investors that turned out to be a scam, no one is safe from scam in cryptocurrency world unless you understand and research about an company youre going to invest in.

Topic: Cheaters . who caused the cryptocurrency to go down (Read 703 times)