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

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: Altcoiner007 on June 06, 2024, 05:44:59 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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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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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: bitgolden on July 11, 2024, 01:51:42 PM

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.

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

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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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.

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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.

You can't blame these people they join anything that will promise free coins that will lead to profit, without truly understanding the underlying technology behind the project they are joining, they are here for the FOMO and they are the kind of people who jumps from one project to another.

There are positive and negative impacts of these airdrops, the positive impact is this is the easiest way to build a community, and the negative impact is that those who joined out of FOMO are quick to leave if what the profit they expect is not reached, they prefer short term profit to long term profit.

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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.

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

You evaluation are correct. Though a few of the early Telegram based games or memes were a success, it doesn't guarantee every of it would. What many people also don't realize is a lot of them are not promising anything, not even a token on the blockchain.
And failure of these particular project won't have much effect on crypto as a whole. People are much aware of scams and hype projects and for most of the games, people are not spending any money but their time.
It would be wise for people to have limited expectations and continue them as potential airdrop than an investment.

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Quote from: beerlover on June 09, 2024, 02:48:52 AM

This is how the trend world works, I remember when pancakeswap first came out, 100 of the same thing came out too, and their github was public so people literally did exactly the same with just a few graphic changes, like logo and colour, and published basically the exact same thing. Some of them even got big for a while, and they made some money for some people, but in the end most of them were just trend chasing projects.

Same is going on with meme projects, everyone is looking for ways to create shitty tokens that are just memes, and hope to make some money from it. All in all I do not think that we are going to end up with a good result, but the logic is quite common, notcoin made some money and everyone is trend chasing it now.

starting from a trend, everyone started to follow it and it became a matter of interest for some people to study, with the existence of telegram the impact will be to involve users in the crypto world, the popularity and strength of the development of the community with this success is proof that it has gained extraordinary traction even though by tapping the screen they have hope but actually they haven't traced the basics actually they think at least make the goal end well and catch up with the current trend.

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Quote from: martocsan on July 06, 2024, 04:49:38 AM

For new projects, it could be a cool way to increase the number of users by doing an airdrop. After analyzing all the options, we decided to do our airdrop through a Telegram mini-app (bot). So far, people love it.

New or old projects can have it and yeah it's a cool way to increase the adoption because it allows people to earn free cryptos by doing mostly simple tasks that are prepared by the project owners.

There are different ways to do an airdrop or different platforms rather to conduct it. One that is hot right now is by doing it inside the Telegram app. It's the new narrative and might still subside its hype later on, so I won't really be alarmed just like the OP. In fact, they might only help the crypto adoption. I won't say that it can cause a devaluation, only because there are tons of scam projects that can be created and fail under it.

It's only normal and even before, it also happens. Even until now, on other crypto categories, scams and shit projects are still rampant but people are used to seeing them already. They will just ignore it or move on easily, once they got victimized by them.

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Some wise man said one forgot about your like and dislike just follow the trend and you will make huge money but yes you need to be super early in the trend the same things happening with these telegram project the trend is already set and we seeing most of the project well established launching there project like for sui their sui waves and domant [ sleeping project ]

Although to be honest these all tap 2 earn and mining project all are just time wasting that's what I assume what do we get just by tapping on the screen despite make a script and setup a bot
Remember time is more important than anything so choose your time wisely project will come earn and go

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For new projects, it could be a cool way to increase the number of users by doing an airdrop. After analyzing all the options, we decided to do our airdrop through a Telegram mini-app (bot). So far, people love it.

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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.

This is how the trend world works, I remember when pancakeswap first came out, 100 of the same thing came out too, and their github was public so people literally did exactly the same with just a few graphic changes, like logo and colour, and published basically the exact same thing. Some of them even got big for a while, and they made some money for some people, but in the end most of them were just trend chasing projects.

Same is going on with meme projects, everyone is looking for ways to create shitty tokens that are just memes, and hope to make some money from it. All in all I do not think that we are going to end up with a good result, but the logic is quite common, notcoin made some money and everyone is trend chasing it now.

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Quote from: muncuss on June 08, 2024, 07:43:51 PM

don't think so. I have referred some people who pretty much never setup a wallet before. And as they play they will ask how to withdraw where to sell and slowly they will know other thing too. Gonna start somewhere

We probably going to be successful in the space when we adapt to strategies that's eligible for our massive growth. We rise by lifting others, knowing the exact sectors to anticipate and following legit system. Telegram mining apps are legit but not all because it's very tricky, the ones we looked as scamming projects are the actual ones to make figures on our ends. Knowing the basis of the system is not challenging, we just have to stick to finding out new directions about the system and also knowing what's best for everyone.

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Quote from: betswift on June 07, 2024, 09:04:43 AM

The problem is that the mining apps do not onboard new people and provide zero education or something. Also, the TG has its own ecosystem, so I think it gives almost zero value to the space.

don't think so. I have referred some people who pretty much never setup a wallet before. And as they play they will ask how to withdraw where to sell and slowly they will know other thing too. Gonna start somewhere

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Quote from: Reatim on June 07, 2024, 09:09:33 PM

Quote from: oktana on June 06, 2024, 06:58:34 PM

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight.

That person is a very bold one. Some people were exposed to bitcoin first but it took them a really long time before they finally accepted bitcoin and crypto and it took them even longer to actually understand how it works. For someone to be introduced to cryptocurrency through an altcoin and being interested right away is quite impressive.

Impressive? I think you didn’t get what I meant. I am trying to explain how they got in through altcoin that was hyped so much, and the next minute they sound to you like they are experienced and have known about cryptocurrency for so many years. So to me the problem is that ego whereas they really don’t know anything and if we’re for the hype, they wouldn’t be here in the first place.

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Quote from: oktana on June 06, 2024, 06:58:34 PM

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight.

That person is a very bold one. Some people were exposed to bitcoin first but it took them a really long time before they finally accepted bitcoin and crypto and it took them even longer to actually understand how it works. For someone to be introduced to cryptocurrency through an altcoin and being interested right away is quite impressive.

Quote

I met someone and he was telling me how they’ll get money from tap swap (which started gaining popularity as well) on the 30th. Telling me he has millions of the coins, I had to elaborate to him that it’s not the coins but he was getting shares which will have a swap ratio in the end, and that he wasn’t getting any actual money on the said date. Though not very defensive, he listened. The average new person is unlike him, they’ll argue with you who has been in the community for much longer and talk like they hadn’t joined the crypto community last week.

People are hard-headed and that’s why a lot of them never truly understand crypto because they just believe whatever kind of information they already have. I believe in an investment one especially in crypto, you need to be open minded and humble.

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Quote from: betswift on June 07, 2024, 09:04:43 AM

Quote from: muncuss on June 07, 2024, 07:27:44 AM

Quote from: Altcoiner007 on June 06, 2024, 05:29:18 PM

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

yes thats why i said this trend doesnt cost any money unlike meme trend which people need to buy token to get profit.

Quote from: Ben Barubal on June 06, 2024, 06:19:54 PM

I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

i dont believe too or atleast half believe but i can see this is start of a trend in this bull cycle like solana memecoin we experience earlier. Also not much time wasted as it is automatic like idle game while for trading i have a bot running

The problem is that the mining apps do not onboard new people and provide zero education or something. Also, the TG has its own ecosystem, so I think it gives almost zero value to the space.

Well, for some who are curious about learning get to learn one or two things about they space because most of the folks get to learn how to use the exchanges to trade the tokens they eventually get. Although some still find a way to lamely transfer to another user directly for fiat just to avoid having to use an exchange.

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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?

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Quote from: muncuss on June 07, 2024, 07:27:44 AM

Quote from: Altcoiner007 on June 06, 2024, 05:29:18 PM

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

yes thats why i said this trend doesnt cost any money unlike meme trend which people need to buy token to get profit.

Quote from: Ben Barubal on June 06, 2024, 06:19:54 PM

I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

i dont believe too or atleast half believe but i can see this is start of a trend in this bull cycle like solana memecoin we experience earlier. Also not much time wasted as it is automatic like idle game while for trading i have a bot running

The problem is that the mining apps do not onboard new people and provide zero education or something. Also, the TG has its own ecosystem, so I think it gives almost zero value to the space.

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Quote from: Altcoiner007 on June 06, 2024, 05:29:18 PM

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

yes thats why i said this trend doesnt cost any money unlike meme trend which people need to buy token to get profit.

Quote from: Ben Barubal on June 06, 2024, 06:19:54 PM

I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

i dont believe too or atleast half believe but i can see this is start of a trend in this bull cycle like solana memecoin we experience earlier. Also not much time wasted as it is automatic like idle game while for trading i have a bot running

Altcoiner007

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Quote from: oktana on June 06, 2024, 06:58:34 PM

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight. I met someone and he was telling me how they’ll get money from tap swap (which started gaining popularity as well) on the 30th. Telling me he has millions of the coins, I had to elaborate to him that it’s not the coins but he was getting shares which will have a swap ratio in the end, and that he wasn’t getting any actual money on the said date. Though not very defensive, he listened. The average new person is unlike him, they’ll argue with you who has been in the community for much longer and talk like they hadn’t joined the crypto community last week.

You just have a perfect description of their attitude. Clear! Good you have one or two who listen and are willing to learn.

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Quote from: nelson4lov on June 06, 2024, 05:59:05 PM

The telegram bot/mining meta is not an all-round negative but actually net-positive if you think about all the new users notcoin and notcoin wannabes have onboarded to the crypto space. I know most of these users joined with the intention of getting paid or making money from those endeavors but if we can onboard users and retain them, that's a big plus. I have a couple of friends that aren't crypto native but they got lucky via their participation in notcoin and now they're full time crypto folks but they got to see how fully autonomous everything about crypto is. A classic case of "come for the money, stay for the tech".

This would be the interesting part of it if we have a few who "come for the money, stay for the tech." Just that a lot others don't care.

oktana

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The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight. I met someone and he was telling me how they’ll get money from tap swap (which started gaining popularity as well) on the 30th. Telling me he has millions of the coins, I had to elaborate to him that it’s not the coins but he was getting shares which will have a swap ratio in the end, and that he wasn’t getting any actual money on the said date. Though not very defensive, he listened. The average new person is unlike him, they’ll argue with you who has been in the community for much longer and talk like they hadn’t joined the crypto community last week.

Bureau

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After the immense success of not coin these mining apps have now come up. They are trying to cash the hype which was expected. The pattern is similar to what we all have seen with meme coins. I am expecting one or two of such projects getting similar success in the similar manner like meme coins.

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Eloncoin.org - Mars, here we come!

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

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

nelson4lov

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The telegram bot/mining meta is not an all-round negative but actually net-positive if you think about all the new users notcoin and notcoin wannabes have onboarded to the crypto space. I know most of these users joined with the intention of getting paid or making money from those endeavors but if we can onboard users and retain them, that's a big plus. I have a couple of friends that aren't crypto native but they got lucky via their participation in notcoin and now they're full time crypto folks but they got to see how fully autonomous everything about crypto is. A classic case of "come for the money, stay for the tech".

batang_bitcoin

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Yeah, because of this trend, the adoption has increased. But it's also about this;

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.

But it isn't a problem whether they are legit crypto people or not. As long as they're on it and they do not harm others from participating into these airdrops and tapping projects, let them enjoy this run because we might not see this trend after the bull run once it has passed. There's always something new to the market and that's what we have to check out and whoever gets on it first are always the winners. While with these kind of projects, more followers are trying their luck and I am expecting some downside of it.

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Quote from: electronicash on June 06, 2024, 01:12:37 PM

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

Altcoiner007

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you worry too much about those users. you can't stop those guys even if you go to their channel they will not mind if you say the app is a scam, they will even suggest to the admin you be banned Grin

if they are just mining and not spending some money to participate, then they will realize it soon, it's a scam. someone in that channel will be able to search for what exactly is happening.

Maybe this is different. Although they're becoming too numerous to count some of the mined tokens so get listed and traded which makes more new ones to emerge. It's why I worry over the effects these mining activities have on blockchain cryptocurrency adoption.

Altcoiner007

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Quote from: jrrsparkles on June 06, 2024, 12:48:15 PM

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

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mind from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

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.

This is the first time I am seeing telegram mining apps which kind of a lame term by the way cause anyone who is aware of technology know it's not possible.

And from your statement I kind of feel like it's just something similar to cloud mining scams but in different attire that might lure some people for sure but better not to aim for the free money cause no one will be doing that unless they make something out of it.

It may be that you're not following the recent trend. They are tokens mined with bot hosted on Telegram. It's actually mined through playing some form of games. Like tapping the image which generates points for the miners and are later converted to the token after snapshot. And like Notcoin, they're trading on different exchanges. Not so sure whether to say they're like cloud mining as I generally do not engage in mining. Like you said, I can't really say what's in for the dev. team though.

Wexnident

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I mean if the mining tokens purpose was to get mined and to provide profit, I'd say it's proper adoption. If, however, it runs contrary to its purpose (or just fills a part of it), it's probably a failed model in the first place. I mean, just the fact that people keep asking "when" it'd end and "when" they can sell seems like a failure to me since they let the vast majority of their users be able to mine said coin with no limits or no specific qualifications, so there's basically close to zero limit to what they can mine. Sounds like a recipe to crashing the market to me.

But well, just let them be I suppose. As long as they aren't downloading something or are paying for it, I'd say let them waste their time lol.

DiMarxist

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This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mind from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

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.

I agree with you, most of the airdrops on telegram are to promote their telegram channels and other social media platforms and that is why if you want to upgrade your level in some airdrops in the telegram you have to pay for premium for you to promote your mining speed and increment of the tokens. And that money you pay it goes to their account and you don't even k ow if the airdrop will be listed for you to get your money back or if it is listed finally, what about the value of the coin.
I see this as the new method to scam people and to create more population to their social media platforms. Because when you are mining, you they will ask you to follow their social media platforms to increase your token or coins.

electronicash

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you worry too much about those users. you can't stop those guys even if you go to their channel they will not mind if you say the app is a scam, they will even suggest to the admin you be banned Grin

if they are just mining and not spending some money to participate, then they will realize it soon, it's a scam. someone in that channel will be able to search for what exactly is happening.

jrrsparkles

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This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mind from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

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.

This is the first time I am seeing telegram mining apps which kind of a lame term by the way cause anyone who is aware of technology know it's not possible.

And from your statement I kind of feel like it's just something similar to cloud mining scams but in different attire that might lure some people for sure but better not to aim for the free money cause no one will be doing that unless they make something out of it.

avikz

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