Cheaters . who caused the cryptocurrency to go down - page 2.

Kambal2000

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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.

Youghoor

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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

First and foremost, why will you think that cheaters are the cause of the down fall of cryptocurrency? Cheaters are not the reason why some cryptocurrency go down. Personally I see cheaters as one person trying to the do the work of two or three people. What really caused cryptocurrency to go down are;
1.improper planning of its project
2. irrelevant of the crypto coin to the crypto ecosystem and market
3. greedy project managers
4. low market volume

Gotumoot

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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?

Oneandpure

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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

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.

Artemis3

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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

Attempting to manipulate (or state control) the economy is like trying to hold a river. You can stop it for a while if you build a closed dam, but eventually the water will overcome it, no matter how tall, water will always find its way back into the ocean. Of course, the higher the wall, the stronger the impact after its been surpassed.

Little projects (ie. tokens) are easier to manipulate, and pump/dump exploiters have existed ever since trading exists. You do know 5k isn't even 1 bitcoin? Maybe all whales together can no longer affect bitcoin price beyond a few points, while a "half" whale can crash any random new ico/token. There are of course also cheaters/scammers that never intended to make the project they promised, but the small honest ones are also at the mercy and if they didn't think in advance, they get swallowed.

Its just one more reason to stay away from those.

As for regulations, some countries have done it, but an universally world prosecuted thing, doesn't exists. Which is why you see countries like China banning the icos altogether.

I also got scammed by my own government in a State ICO pre-sale. Who do i turn to, the UN?

bounceback

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It might also be true when you say that many projects spend their money to promote their projects but are used by fraudsters but we cannot confirm it is true or not by creating their fake accounts to get lots of prizes maybe they also don't make fake accounts but they hunt down prizes with commission results from the referral system because if we look at every project that promotes projects there must be a referral system.

Mandoy

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Aurox

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

People are greedy and they want to earn online and they want to take advantage of the freebies. Such as the airdrops there are a lots of airdrop catchers who will make multiple accounts so they can receive a lot of airdrops. I know some of them and even though you tell them not to they will tell you that you are just jealous that they get more tokens than you. But this kind of people does not really the cause of the failure of a certain cryptocurrency. One of the biggest reason are the following:

1. Competition

There are a lot of cryptocurrency being launched through IEO's and ICO's and so peoples attention is divided. The winning team will be the one who have the huge sales.

2. Lack of starting capital

This is one of the reason why ICO's fail and the reason is that the developers and the CEO just launched a cryptocurrency to earn profit and does not have sufficient funds to run the project. They rely on the sales but the sales are not enough.

barbara44

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Quote from: Free1bitco.in on September 16, 2019, 12:42:25 AM

some people do try to cheat to get a lot of prizes. because of this, some companies require to use KYC for every participant who wants to participate. it is very useful to avoid people who want to advertise a project with multiple accounts for their interests. now almost every project requires to verify KYC so that they avoid these accusations.

Not like I am supporting those who are using multiple account, but that s not the major thing that is killing the crypto currency now or making projects to die, those who are using multiple accounts only comes in when the project is beginning to make money, and it is only when they make money that they pay them, and this stops as soon as they are through with the campaign, and the moment they are through with the campaign, they stop the payment except some few projects that still hire some when they become fully operational.

The real things that kills most project are even investors reward and whales, whales are the real cheater here, they buy these coin in large quantity during ICO and then dump when the project enters exchange, and that is the main problem that I need these projects to really tackle first for them to become solid.

nicecrypto

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Quote from: Upgate on September 06, 2019, 03:21:02 PM

You must mean bounty hunters cheaters those joining a particular bounty with multiple account. They are more in altcoin bounties they are so greedy that not only do they have multiple account the still lay their hands on articles with different account also

Yeah I think that's exactly what the OP is referring to, most bounty face such dishonest people participating in it, the bounty manager can more or less do anything about it, he can only fish out the not-so clever one's, in reality, people who use more than one account to participate in bounties are many in a particular project, it is unfortunate, but thanks to kyc.

Free1bitco.in

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some people do try to cheat to get a lot of prizes. because of this, some companies require to use KYC for every participant who wants to participate. it is very useful to avoid people who want to advertise a project with multiple accounts for their interests. now almost every project requires to verify KYC so that they avoid these accusations.

xSkylarx

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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

Imo this is not the cheater's fault and I'm sure he's not the only one that did it. If the team don't plan well their promotion and don't think of possible loopholes for people to abuse it then one or more person would really earn plenty of money from it. I know some people who even don't sleep just to grab that chance to earn.

What the team can do about this is limit the number of accounts per IP, ban the use of disposable emails and if possible newly created emails can't register for their promotion.

Herbert2020

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Quote from: Herbet Fry on September 15, 2019, 06:17:19 PM

You should be talking about protecting the bounty hunters and investors not protecting the devs. You have it all wrong.

"bounty hunter" is just a fancy word for those users who are advertising a product through different methods such as signature campaigns, twitter,... they only deserve protection and sympathy if the "product" they were advertising were legit.
but when what they are advertising and help grow is a scam ICO project, then they deserve being ripped off and they do not deserve any kind of protection or even discussion in my opinion.

Ozero

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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

From the point of view of the ICO team, in principle, they all the same take part in the signing campaigns of persons with multiple accounts or not. For them, it is only important that this work is carried out efficiently. The requirement that everyone has only one account is an internal rule of this forum only. However, I do not see any relationship between the violation of this forum rule, as well as the complication of the ICO or the fall in the price of cryptocurrency. Now in general, both ICO campaigns and forum participants have become noticeably less. It has become very difficult for bounty hunters to work, because their work is either not paid at all now, or is paid symbolically. It remains only to hope that the tokens that we sometimes get will someday still grow in price, and will not remain a dead weight in our wallets.

Herbet Fry

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No... That is an excuse for a company to fail. What cheating are you even talking about? Bounty gives out a set amount of crypto. How does that make a project fail? Get real man.
You should be talking about protecting the bounty hunters and investors not protecting the devs. You have it all wrong.

AmoreJaz

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Quote from: retnoanjani on September 13, 2019, 05:39:36 PM

Quote from: meanwords on September 12, 2019, 12:44:29 AM

It's not like cheaters are able to destroy a legit project though, it was the project that has destroyed itself. Bounty hunting is but a small portion of the whole portion of the project. No matter how many bounty hunter dump, they are still insignificant if the project is legit and has a proper innovation. Cheating is always wrong but I doubt they are able to destroy a project.

There is the truth. The allocation for bounty hunters is usually only 1-2% of the token sale, the effect of destroying the project is very small, if the project is strong from various aspects, especially trust in shaping the market, then prices can develop as they should. Well, bounty hunters are often blamed, but if the developer can anticipate it, it won't be a problem. Cheater is an uneducated bounty hunter.

both good perspectives on this topic. bounty hunters allocation are actually insignificant as compared to the team or private investors. so why they keep on blaming these hunters and even going after for the cheaters? they will always be there no matter what but should not be looked at as the major reason of projects failure!
the fate of the project relies mostly on the team's strategies to combat adoption and actual implementation of their plans.
the team should not mislead the true reason of their failure because it is crystal clear when you are closely monitoring them.

akeda

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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.

FlightyPouch

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Quote from: whtchocla7e on September 12, 2019, 07:59:16 AM

Your post reminds me of bounty hunters who cheat using more than one account, even those who use dozens of accounts with bonus programs. The money they receive when they sell will affect the value of the project.

At first I thought bounty hunters will not affect the market but when they recieve their shares, usually they quickly sell it in the market with a low price. Obviously it is not a lome hunter and there will be a lot of more them selling their shares with lower price than the first one, that could really affect the price and the project as a whole.

retnoanjani

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Quote from: meanwords on September 12, 2019, 12:44:29 AM

It's not like cheaters are able to destroy a legit project though, it was the project that has destroyed itself. Bounty hunting is but a small portion of the whole portion of the project. No matter how many bounty hunter dump, they are still insignificant if the project is legit and has a proper innovation. Cheating is always wrong but I doubt they are able to destroy a project.

There is the truth. The allocation for bounty hunters is usually only 1-2% of the token sale, the effect of destroying the project is very small, if the project is strong from various aspects, especially trust in shaping the market, then prices can develop as they should. Well, bounty hunters are often blamed, but if the developer can anticipate it, it won't be a problem. Cheater is an uneducated bounty hunter.

Reid

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So this aint bitcoin discussion again.
What you are referring at are those ICOs right?

Yeah it did happen. So why the hell this question pop out again.
We have our good moderators here and also those who hunt these scammer and they did a great job by doing that.
The problem is if it is outside this forum then it will be a different story.
Difficult to catch. The internet world is so broad.

bitgolden

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Quote from: ?? on ??

No one but the biggest fish on the market can control the price of bitcoin

Whales are the ones killing cryptocurrency the more, and project developers are not helping matters too by selling huge amount of the coin to them and giving them so much bonus on it, these bonuses they give these big fishes are the ones causing the cryptocurrency to go down anytime they dump it.

For cryptocurrency to get back to the shape where it is meant to be, developers have to start from their own end first and they need to make sure that they regulate the way they give bonuses out, if not for their own selfishness too, they should have limit to what someone can acquire. I know that they want to meet up with their hardcap as fast as they can, but they have to also consider how they will keep the project ongoing in the future.

Topic: Cheaters . who caused the cryptocurrency to go down - page 2. (Read 703 times)