Cheaters . who caused the cryptocurrency to go down - page 5.

Herbert2020

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

there are really a lot of very good projects.

this is the mistake you are making which leads to your confusion about altcoin price dumps and you think it is some sort of cheating behind the scene by some malicious person killing the "good project".
the reality is that the projects are shitty. at least 95% of the altcoins have no reason to exist but they do. so obviously they have to die. and that is exactly what's happening. they lose value and slowly die. so in other words what you see and are confused about is a very natural thing in this market.

harizen

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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

Who are these cheaters you are talking? Bounty hunters? And what is the project?

If it's about the bounty, there's an allocation for that to the point that even all of it was used to dump, it can't really bring much down its price once it was listed on an exchange. $5,000 worth of rewards that will be dumped by that cheater will not really affect the whole market of that coin.

Don't just blame the bounty hunters while these projects die. There are lots of factors to consider like market situation etc. And at most of the cases, these projects, even coming from a successful ICO, can't able to maintain and follow their development plan and roadmaps and will just leave their investors hanging without any updates.

AmoreJaz

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Quote from: pixie85 on September 06, 2019, 05:09:05 PM

Quote from: amyshek1979 on September 06, 2019, 04:21:14 PM

I believe there is the company who's specialized in controlling fraud already - SEC.

And what if the fraud happens outside the US? Also doesn't the SEC only fine people? They Can't put you in jail there has to be a trial for that. There were people who stole a lot of money then paid the SEC some money and walked free with the rest.

What project are you talking about OP? If somebody was able to cheat the system by using farmed accounts you should rather blame those who gave him that opportunity and that was the team behind the ICO.

and to make things straight, fraudsters or bounty cheaters are not the main reason why a project is bound to fail or is failing.
the op should take into account what percentage of the total coins or tokens are allotted to these bounty programs and evaluate for himself if that would greatly impact the destiny of the project!
they are normally a very small percentage as compared to how much the team are raking for themselves.
there are projects who are blaming their bounty hunters who are dumping their tokens but that is the main reason why they joined the bounty, to sell their share afterwards!!!
if the op is still blaming those hunters then i guess he's not looking at the bigger picture here...

pixie85

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Quote from: amyshek1979 on September 06, 2019, 04:21:14 PM

I believe there is the company who's specialized in controlling fraud already - SEC.

And what if the fraud happens outside the US? Also doesn't the SEC only fine people? They Can't put you in jail there has to be a trial for that. There were people who stole a lot of money then paid the SEC some money and walked free with the rest.

What project are you talking about OP? If somebody was able to cheat the system by using farmed accounts you should rather blame those who gave him that opportunity and that was the team behind the ICO.

kryptqnick

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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

If the guesses of other people who replied above are correct, you're talking about Initial whatever Offerings that used to be popular and some even very successful but are mainly in the past now. If you're talking about ICOs, IPOs, and IEOs, then I disagree that there are many good projects and that it's bounty hunters ruining everything. If we need a watchdog, it should probably focus more on the projects themselves than random people online trying to make some money. And the responsibility for abuses should be on the organizers of Bounties. I believe so because the amounts of more in these two cases are very different, so the risk is much higher with the projects themselves.

amyshek1979

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I believe there is the company who's specialized in controlling fraud already - SEC.

Upgate

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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

stompix

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

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

There is one already and you have access to it, it's called common sense, just use it Tongue

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

IEO is a lifesaver for investors if not for this,

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.

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?

coin-investor

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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

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.

ohyeahhaha122

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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

Topic: Cheaters . who caused the cryptocurrency to go down - page 5. (Read 703 times)