Countless Telegram Mining Apps - Crypto Adoption or Devaluation?

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Quote from: MAAManda on July 12, 2024, 08:52:10 AM

I agree with your opinion, we'll see the output later on how these new adopters respond, IMO it will be a devaluation because there are too many similar apps, of course they won't pay for all of them, right?

The only thing that is expected after Notcoin (NOT) is Hamster Kombat (HMSTR), they have the most adopters at the moment, even more than the previous adopters of Notcoin (NOT), I think it all depends on how the Hamster Kombat project will be. Good results bring good influence, bad results bring bad influence.

Just like the usual trend, everyone rush to create new things in hope of getting investors but the truth is, some of the teams that has created a unique gaming in Telegram were there right before Notcoin successfully. I was going through Catizen today and I was surprised the team has been working and creating similar games on Wechat before they came and launch another game on Telegram and they are so far the only unique mini app I have seen so far because you are not tapping but playing games where you buy fish to feed cats.

The rest of the ones you see people tapping are just wasting people's time, data subscription and battery health. I'm not sure if there is ever going to be a coin that is going to perform like Notcoin, maybe Hamster Kombat but the problem with Hamster is that it's too saturated with millions of people and funny thing is that they don't seem to stop tapping right now, they want to bring more people which is discouraging others because the aidrop is going to be low.

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Quote from: Altcoiner007 on June 06, 2024, 05:44:59 AM

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

I can't help but wonder if others have noticed this trend as well.

You can't blame people for taking a shot at something that is free and has the potential to profit from small efforts. This is the attraction of airdrops, which is why it is the most utilized way to build a community and adopt a project.

At least these people have been introduced to Cryptocurrency it may not be the best way but they have something to learn from these tapping mining apps that will lead to learning more about Cryptocurrency.

One example in our country is the once-popular Axie Infinity. It created a short-lived hype but also helped many understand or get to know Cryptocurrency. These new Telegram Mining app trends have positive and negative results.

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Quote from: malcovi2 on July 12, 2024, 06:55:02 AM

Quote from: Kelward on July 12, 2024, 02:52:43 AM

Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.

Yep, most of them aren't really into crypto they heard that people earned alot of money because of the NOTcoin app then they are trying every app on telegram that has a similar feature with Notcoin. They don't realize that they are getting milked by these apps with by viewing ads and sponsored adds on the group.

These trend will easily die out when people realize that the hype isn't there anymore.

That is the hardest part that I am having trouble with. A lot of people get in because they think they could make a lot of money and in reality they do not even care about it. I have seen some "phone farm" type of thing video, where there were over hundred phones, maybe a few hundreds of them, all connected and all were grinding hamster kombat for example. That is not going to help the market in any way, that's not a solution and the end result is that we are going to end up with something bad if people keep doing that.

We need to realize that the best way to stop this would be just ignoring it all the way, and trying to find some legit way of making money. If we do not do that, then the result will not be too simple, and we will hurt in the end.

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Quote from: Kelward on July 12, 2024, 02:52:43 AM

Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.

I agree, and we cannot stop them since they are hoping to get easy or free money by just playing on the Telegram mining games app. And, I think getting scammed cannot be if they don't have knowledge on how the cryptocurrency works.

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Quote from: Altcoiner007 on June 06, 2024, 05:44:59 AM

The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

NFT was like this, hell even DEX projects were like this as well. A few of them did very good, and because of that people made a thousand more of them basically similar, to make some money. You need to realize that there are some people out there who are trying their hardest to make as much money as they possibly could, and that's the reason why we are seeing all of these. I am not saying that we should let them be, but it's easy to see who these people are.

Usually those projects have very low effort, and they just try to make money from the hype and copy paste the successful ones. Look at the NFT world, some stuff like apes and what not made some money, and then a million others tried to copy it, same will happen here as well.

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Quote from: Kelward on July 12, 2024, 02:52:43 AM

Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.

I agree with your opinion, we'll see the output later on how these new adopters respond, IMO it will be a devaluation because there are too many similar apps, of course they won't pay for all of them, right?

The only thing that is expected after Notcoin (NOT) is Hamster Kombat (HMSTR), they have the most adopters at the moment, even more than the previous adopters of Notcoin (NOT), I think it all depends on how the Hamster Kombat project will be. Good results bring good influence, bad results bring bad influence.

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Quote from: Kelward on July 12, 2024, 02:52:43 AM

Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.

Yep, most of them aren't really into crypto they heard that people earned alot of money because of the NOTcoin app then they are trying every app on telegram that has a similar feature with Notcoin. They don't realize that they are getting milked by these apps with by viewing ads and sponsored adds on the group.

These trend will easily die out when people realize that the hype isn't there anymore.

Kelward

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Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.

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Quote from: bitgolden on July 11, 2024, 01:51:42 PM

Because whenever something does well, others keep on copying it, and only after it is good. Look at Hamster kombat, it existed before notcoin made all that money for people, meaning that it didn't start because notcoins success, whereas there are thousands of copies of notcoin AFTER it became successful. All of those will go down, all of them will worth nothing, we should not just start a project because a similar one made money, that is not a good enough reason.

It always works like that, the first "unique" project got the massive attention and success and then the copycats will flood the market and eventually dilution happens, this telegram mining project feels incredibly similar to the L2 and meme coin trend where the projects that comes after the first one is valued less and less as the time goes.

eventually once many of these mining projects do their TGE, many of them will become the next "onchain project" with its miniscule valuation and airdrop reward worth only few cents Grin

.

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Quote from: Altcoiner007 on June 06, 2024, 05:44:59 AM

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

I can't help but wonder if others have noticed this trend as well.

i am paying attention to the current trend and it will continue because many people are following it,and i think mining will end will list binance after lauchpool,because whenever something goes well others will many follow it i believe in investing especially in crypto by knowing The root of the system will be much easier for him to live with, learning it is the best way.

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Quote from: Altcoiner007 on June 06, 2024, 05:44:59 AM

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

I can't help but wonder if others have noticed this trend as well.

Why worry so much about what those people are engaging in when you can just let them be and focus more on your crypto learning journey. Some people are just there to learn the hard way and when you try to convince them to see the truth in something, they will not listen because they’ve witnessed a similar one that went well for others, so every other one that comes in this same pattern will make them rich. Everyone thinks cryptocurrency is a get rich quick scheme, only few know that it doesn’t always work that way even if a few number of people have made such riches in just a short time of them joining and knowing about crypto. You should expect less and lower your expectations all the time to avoid disappointments. This has not diminished the value of crypto investment and they’ll learn with time.

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Quote from: bitgolden on July 11, 2024, 01:51:42 PM

~Snipped

Because whenever something does well, others keep on copying it, and only after it is good. Look at Hamster kombat, it existed before notcoin made all that money for people, meaning that it didn't start because notcoins success, whereas there are thousands of copies of notcoin AFTER it became successful. All of those will go down, all of them will worth nothing, we should not just start a project because a similar one made money, that is not a good enough reason.

You just hit the nail on the head with that post. I can confirm that your opinion about these new telegram projects indeed holds. I have seen it happen time and time again on many occasions where one narrative in crypto yields really good result and then projects that followed up on its path afterwards will all flop. I'm hoping it won't be the case for Hamster kombat or any other "tapping" app initiative because it would give crypto a bad reputation albeit a temporary one because whether you like it or not, these projects have onboarded plenty of new users to crypto. Even Hamster Kombat boost about 200m+ users.

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Quote from: avikz on June 06, 2024, 12:03:39 PM

I would advise people to stay away from such kind of coins or tokens. You never know what kind of data they are gathering from your mobile device and what they are doing with that.

Do you even think people hunting for airdrops or online mining care about the information that will be gathered on their mobile phones and what the information will be used for? All they are hunting for is money, and most of them do think airdrop money is free money, so even after participating in them and they didn’t pay, they have nothing to lose, but they don’t really know some of them already have access to their private information, which at the end will be used for illegal things. When participating in any airdrop or online mining, we have to be very careful because scammers do take advantage of things like this.

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I honestly think that we are going to see these telegram mining projects will eventually cause a lot of dilution and eventually none of them will be good. We had notcoin, and now we have hamster kombat which may do fine, but I do not think that we will have any better in the future.

Because whenever something does well, others keep on copying it, and only after it is good. Look at Hamster kombat, it existed before notcoin made all that money for people, meaning that it didn't start because notcoins success, whereas there are thousands of copies of notcoin AFTER it became successful. All of those will go down, all of them will worth nothing, we should not just start a project because a similar one made money, that is not a good enough reason.

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Quote from: PhillipDe78 on June 07, 2024, 09:11:12 AM

Yes, there are a lot of them, most of them are aiming to lure subscribers to their telegram channel. Can you imagine how much it costs to advertise in some Hamster with an audience of 30 million?

I'll unsubscribe, unfollow, and abandon their mining if I sense that they are abusing their members by asking for money to advertise to their network.

This is the reason why many have abandoned PI network there was a time when they were monetizing their platform at the expense of their members, I call this abuse.

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Quote from: smyslov on July 10, 2024, 10:11:30 AM

Quote from: pakhitheboss on July 10, 2024, 07:14:48 AM

I sense that the future of meme coins is not that secure anymore with the success of Hamster Kombat.

Yes tapping mining could be the next trend in the making but so much depends on the distribution and trading in the market, their subscribers are now considered record-breaking both on Telegram and YouTube, if only they have a good continuity of their popularity by creating utility and potential profit to their investors.

I have 5 tapping mining in my cellphone I don't want to add more until I see the results of Hamster and my other tapping mining, we are now on a wait-and-see stage.

No, it's a waste of time and pretty sure Notcoin was just a fluke and the next copycat projects are not going to perform well.

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Quote from: HawkTrader on July 10, 2024, 01:41:40 PM

I think with the success of Notcoin, most projects' team now believe that telegram can help onboard a lot of users to the project since "crypto is all about the community". Recent quotes from Blum and Hamster says it all. But we also should be wary of the ills that comes with it.
But I can't say for certain, whether that will bring mass adoption since we could have bots amongst these new surge of users.

The bots are indeed a problem but actually we've seen increase in adoption of crypto through this kind of method but my concern is that majority of them are adopting crypto not because they find use or try to invest in it but just short term hype revolving around the game that overpromise reward, that narrative doesn't feel right and most of them once faced with the reality of airdrop and its nature of uncertainty, they will be disappointed.

not to mention many of these telegram apps are heavily abstracting the use of blockchain and try to make it closer to privately owned app in term of user experience.

pretty much the whole thing about this telegram mining app if underdelivered their promise, will just try to form another prejudice toward crypto all over again so honestly sometime I also feels like these telegram crypto mining apps or something similar to be devaluing crypto for the reasons that already being elaborated by OP here.

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I think with the success of Notcoin, most projects' team now believe that telegram can help onboard a lot of users to the project since "crypto is all about the community". Recent quotes from Blum and Hamster says it all. But we also should be wary of the ills that comes with it.
But I can't say for certain, whether that will bring mass adoption since we could have bots amongst these new surge of users.

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Quote from: pakhitheboss on July 10, 2024, 07:14:48 AM

I sense that the future of meme coins is not that secure anymore with the success of Hamster Kombat.

Yes tapping mining could be the next trend in the making but so much depends on the distribution and trading in the market, their subscribers are now considered record-breaking both on Telegram and YouTube, if only they have a good continuity of their popularity by creating utility and potential profit to their investors.

I have 5 tapping mining in my cellphone I don't want to add more until I see the results of Hamster and my other tapping mining, we are now on a wait-and-see stage.

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Quote from: Altcoiner007 on June 06, 2024, 05:44:59 AM

The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.

I agree with your point that NOT coin was a telegram mining app. What I do not agree is that you forgot it was a meme coin designed as a telegram minig token.

It is a beginning and we will see more such tokens coming out of telegram. I sense that the future of meme coins is not that secure anymore with the success of Hamster Kombat. This new narrative will be leading the next bull run, whenever it happens.

Topic: Countless Telegram Mining Apps - Crypto Adoption or Devaluation? (Read 307 times)