it is natural to happen. whenever someone is popular, there are always other parties who take advantage of his popularity.
Like in Crypto. When Airdrop hype, there were other people who took advantage of them by holding fake airdrops.
Topic: Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam? - page 6. (Read 1314 times)
Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?
depend on how you look and it and how you deal with them,if you are greed and not researching then this is all scam for you.Quote
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
This is what Human is,not contented and always looking for new and profitable.Quote
Who are they??
the scammer or the believe?Quote
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
Well some spread fud because they are being paid,and some it was because they are become victim.what ever their reason the thing is better get off those scams and deal with legit and long running currencies.
honestly this is very funny, if you say everything is Scam of course is scam !, if you can not analyze an IEO 
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Defi and Crypto. yes I understand your feelings, maybe you lose your capital in the crypto world, but if you give up then you will be crushed, cryptocurrencies can still develop, IEO and Defi are also very young to talk about, 5-10 years will be big, and you will be shocked
, Defi and Crypto. yes I understand your feelings, maybe you lose your capital in the crypto world, but if you give up then you will be crushed, cryptocurrencies can still develop, IEO and Defi are also very young to talk about, 5-10 years will be big, and you will be shocked
New attraction forms will always be popping up, i don't find this hard to understand. We cannot fight this, because I see almost every domain where bad and good things go hand in hand, and time will give us experience because we have encountered such many times. If there is no such new trend, the people who know this market will not be much, i think not only ICO, IEO, DeFi but in the near future we will have more trends and I think this will be an opportunity let the scamer attack new people into the market.
Well, if you see a project scam, and draw the conclusion that all ICO, IEO, and DeFi projects are a scam, then I don't agree with that. I have seen many ICOs become a scam, but there are several other ICOs that still hold on to their principles.
Seeing that the DeFi project is currently under the spotlight, I think it's very natural that there are people who are not responsible for taking advantage of moments like this to create a scam project. because of this, we need to do in-depth research on a project. it is reminded very often
Seeing that the DeFi project is currently under the spotlight, I think it's very natural that there are people who are not responsible for taking advantage of moments like this to create a scam project. because of this, we need to do in-depth research on a project. it is reminded very often
Just because some people make profit by flipping their ICOs, IEOs or now DeFi tokens doesn't mean that they aren't scams. In the simplest terms "Scam" is defined as "A dishonest scheme".
Right now what is happening in DeFi has a very simple template just like ICOs and IEOs had their own templates:
1.) Hype about staking and farming
2.) Hype about the project's "governance" token.
Everyone is rushing to sell their own governance token hyping people to provide liquidity. There is nothing underlying to justify the APYs, except the prices set by initial pairing ratio on Uniswap like DEX. The devs are thus enticing people (or rather people are getting enticed) to invest more by showing APYs. The small holders get burned buying into their governance tokens or providing liquidity for them.
Every DeFi project will work well for those who get in early and of course for the whales. There simply is no underlying value. There are few projects that are actually working on financial products with Decentralized access. Yet, those either don't get the attention or only get VCs and whales, which ultimately makes it just like traditional finance.
So Yeah, Scams..
Right now what is happening in DeFi has a very simple template just like ICOs and IEOs had their own templates:
1.) Hype about staking and farming
2.) Hype about the project's "governance" token.
Everyone is rushing to sell their own governance token hyping people to provide liquidity. There is nothing underlying to justify the APYs, except the prices set by initial pairing ratio on Uniswap like DEX. The devs are thus enticing people (or rather people are getting enticed) to invest more by showing APYs. The small holders get burned buying into their governance tokens or providing liquidity for them.
Every DeFi project will work well for those who get in early and of course for the whales. There simply is no underlying value. There are few projects that are actually working on financial products with Decentralized access. Yet, those either don't get the attention or only get VCs and whales, which ultimately makes it just like traditional finance.
So Yeah, Scams..
You have to differentiate between FUD and truth. those who have lost to IEOs or ICOs tend to be cautious and whenever a good looking project is launched they always study it and see if it is trustworthy or just a scam project. we should appreciate those who shared their findings about the project so that we would avoid being scammed. after all we can also see what they say is true or just FUD. instead of calling them LOOSER. the more people like this, the more people will be saved from the scam project.
They are getting the concept wrong or they brain is getting washed up. It doesn't mean that if one project under an ICO, IEO of DeFi scammed their investor that doesn't mean the whole category of ICO, IEO and DeFi is purely scam. They are just I think frustrated that's why maybe they are saying that all of them are scams, maybe they have a lot of experience getting scammed by projects under these said categories.
in the end anything that can bring in quick profits will scam in due time. all of this happened because everyone was seduced by huge profits. and the bad guys make it worse. Scammers exist because people are easily tempted, and also too easy to launch a project. they just need to have all the websites, write a whitepaper, and create an ERC20 token, and add some photos or videos. be a project that looks convincing. if only people had been more patient and searched deeper about the projects that would be launched, maybe this would not have happened.
Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
IMO , when people lose something big, one of them is money. They tend to look for an outlet to relieve feelings of disappointment and anger, one of which is by blindly blaming ICO, IEO, Defi etc. I think it's quite normal, especially if they enter into the crypto world because they are tempted to make big profits after seeing the soaring price of bitcoin.
Maybe if we know these people, we better tell them that in the crypto world, high risk = high reward. If necessary, direct them to join this forum so that they can see and learn about crypto so they don't lose again in the future.
I think the term is not scam but hype. Price movements that are too attractive and also prices that are too high in my opinion indicate there is hype that needs to be watched out for. Many ICOs have succeeded as well as IEOs but in my opinion DeFi is only a temporary trend and it takes a long time to turn the project into a product
The scammer will take advantage of any circumstances to scammed people, and they are not stupid. They know what is tren and will find a way how to take advantage of it. So don't be surprised if ICO, IEO, Defi can be scam. Actually so easy to avoid it, don't join in any new project, but for people who greedy and don't have good knowledge it's so hard to follow that easy step
not all new project was scam, there are alot good project that recetly released. take a look at polkadot , we could call it as new project but its community growing fastly and its price could maintain in market. we just need to avoid project that have hyped but it have no usecase at all and also anon team , if we find this kind project its purely pump and dumped coins. I do agree that we can't blame the method just because some projects are scam. scammer are everywhere and they usually target something that has some audience where they have bigger opportunities and as it happens ICO, IEO, Defi all of them are rather hype and have too many people vulnerable thus the scammers target these three and scamming don't happen only in crypto so accusing or blaming IEO, ICO, or Defi as a whole just because some project went scam is not really right.
. kinda reminds me back then so many people are against bitcoin telling us that it's total scam but see what it turns out to be. just keep believing in ourselves i guess.
If you think you're being offended, you need to grow thicker skin. In the past before many people screaming ICO scam on 2018-2019, there're many people said Bitcoin is scam 
Don't worry about their opinion against your choice and believing, they'll realize and regret until the coin in bullish.
Thats true Don't worry about their opinion against your choice and believing, they'll realize and regret until the coin in bullish.
. kinda reminds me back then so many people are against bitcoin telling us that it's total scam but see what it turns out to be. just keep believing in ourselves i guess.I remember that time period where people were calling bitcoin as scam and I guess up until this day, there are still people who believe that bitcoin is scam. But we can't force people to change their beliefs. Every business has scammers and it is up to you how you can avoid being victim by their scheme. The goal of DeFi platform is great but it is tainted of so many scammers just like any other project launched in crypto. So as a crypto user, it is only you that can help yourself from preventing being screwed by this new hype.
I do agree that we can't blame the method just because some projects are scam. scammer are everywhere and they usually target something that has some audience where they have bigger opportunities and as it happens ICO, IEO, Defi all of them are rather hype and have too many people vulnerable thus the scammers target these three and scamming don't happen only in crypto so accusing or blaming IEO, ICO, or Defi as a whole just because some project went scam is not really right.
. kinda reminds me back then so many people are against bitcoin telling us that it's total scam but see what it turns out to be. just keep believing in ourselves i guess.
If you think you're being offended, you need to grow thicker skin. In the past before many people screaming ICO scam on 2018-2019, there're many people said Bitcoin is scam
Don't worry about their opinion against your choice and believing, they'll realize and regret until the coin in bullish.
Thats true Don't worry about their opinion against your choice and believing, they'll realize and regret until the coin in bullish.
. kinda reminds me back then so many people are against bitcoin telling us that it's total scam but see what it turns out to be. just keep believing in ourselves i guess.
From my point of view, it is not those crowdfunding methods are a scam but people who are taking advantage of hyped technologies for their own benefits. Wherever they will see the opportunity to scam investors, will make that try. So crypto investors must be ready and cautious for golden looking technologies and related projects.
The scammer will take advantage of any circumstances to scammed people, and they are not stupid. They know what is tren and will find a way how to take advantage of it. So don't be surprised if ICO, IEO, Defi can be scam. Actually so easy to avoid it, don't join in any new project, but for people who greedy and don't have good knowledge it's so hard to follow that easy step
what people needs to understand is that the project they tagged scam is also making some people rich while many are profiting also. its not a magic, you have to be careful, consider the volatility and accept your losses without any tag of scam.
Crypto is about how you can be a winner or losers. there are so many cases the losers were calling such coin as a scam caused by they have been losing their money in trading on the market. I have been seeing it so many times. Some people who have been hating the coins usually called such coin as a scam too.
When someone keeps call everything as a scam and there's a problem with his life. Sometimes the word of a scam being used as a hated speech.
It may not happen when they were investing in it and earn huge profits from there. They will not call that as a scam. Crypto is a game.
Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
Every new business or tech takes time to develop and settle down, this is natural process and we should all know that when a new tech is launched many people will come to make personal advantages or quick money or we can say that bad people are everywhere in every business and every walk of life that can damage the reputation of the whole market but i think we should keep encouraging innovators while we should find a way to stop scammers as well. Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
There are finer things to understand here, ICO as a process is the most noble way to raise money for legit projects but we saw thousands of scam projects and that is the case with IEO, DeFi is a novel idea as well but you will see scammers taking over and running away with the money and we have already seen many scam projects in the DeFi platform as well. Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
Not all of them are scam projects but the image once gets ruin because the majority of them are turning to nothing and causes more losses to the investors. We are not believing that it will end like that as many of them look very promising but then, they can't hide their real intention.
I can't see the next projects will be the worse one but I can see that people won't give them trust easily. People are now learning from their mistakes and I'm sure they are not stupid gain to get fooled by nonsense promises that commonly use by any project developers.
I can't see the next projects will be the worse one but I can see that people won't give them trust easily. People are now learning from their mistakes and I'm sure they are not stupid gain to get fooled by nonsense promises that commonly use by any project developers.
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