Do not invest based on the "telegram community" - page 3.

bitvalak

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Quote from: Bttzed03 on November 15, 2019, 12:31:40 PM

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

The large number of telegram followers is sometimes a parameter for beginners to start investing in ICO projects like IEO. But in the group there is very little important chat activity, the contents are only spam chat that is off topic.
In my opinion the most reasonable is the existence of chat activities between members with the admin and founder of the telegram group, it shows that there is seriousness on the part of the project maker to develop into a bigger and faster.

aemma

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Quote from: Bttzed03 on November 15, 2019, 12:31:40 PM

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

That's actually true, back in the days such was the case, that is, many projects have large telegram members which always make their public sale to be successful (on most cases). But nowadays, the reverse is the case, some set ways to attract members so that it will look like the project is heading somewhere while it's not. Let's endeavour to look past whatever the team always throws at us and focus on the right thing or what the project is building.

DeathProxy

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World's First Crowd Owned Cryptocurrency Exchange

Investing in a crypto project on the basis of large telegram members will only lead to loss. Reason because most large telegram groups are made up of bots and dormant members with little or no influence on the project. Most are not investors that will drive the project forward. Any one wishing to invest his funds in any project should look far beyond telegram group members and take into consideration things like profile of the team, does the project have any workable product, funding and partnership so as to make timely decisions

iv4n

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Its easy to make telegram community, cause you can invite and add people in your group. Everyday I see that I'm a member of a few new groups, someone added me, I cant even keep the track about that anymore. Add to that many bots.
I would like to add one thing, do not invest based on one source! No matter what your source is, check it! Don't relay on just one place, it never ends good. When its about your money don't be lazy, check informations you got on several places and you will have better picture about the project you wish to invest in.

Insomnia family

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Quote from: TRONTON on November 16, 2019, 01:40:28 AM

Quote from: karanggatak on November 16, 2019, 01:25:55 AM

now we must be more careful and more selective in joining the ICO project. because fraudsters are getting smarter they have many ways to attract investors. one of them by manipulating the number of members of the telegram. some newcomers or investors think that a project that has many members in telegram and social media is a good and successful project. This is a trick.
so we must do serious research before deciding to join a project.

one reference to the quality of the community is that chat always leads to the core part of the project and marketing, and their admin always says something tangible from every conversation, in contrast to telegram groups that are really full of bot and the admin fails to develop subjective interests.

A lot of constructive communication will make many members believe, not all of them are wrong because most good projects have tens of thousands of telegram members.

yes, I fully agree as explained by agan above. that the key to all of this is not all projects that have maximum members or even thousands indicate that they are bot members. You can differentiate from how they interact in groups. be it conversations or constructive response teams & admins. and keep in mind that good projects always have large members and are active in project conversations.

TRONTON

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Quote from: karanggatak on November 16, 2019, 01:25:55 AM

now we must be more careful and more selective in joining the ICO project. because fraudsters are getting smarter they have many ways to attract investors. one of them by manipulating the number of members of the telegram. some newcomers or investors think that a project that has many members in telegram and social media is a good and successful project. This is a trick.
so we must do serious research before deciding to join a project.

one reference to the quality of the community is that chat always leads to the core part of the project and marketing, and their admin always says something tangible from every conversation, in contrast to telegram groups that are really full of bot and the admin fails to develop subjective interests.

A lot of constructive communication will make many members believe, not all of them are wrong because most good projects have tens of thousands of telegram members.

karanggatak

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now we must be more careful and more selective in joining the ICO project. because fraudsters are getting smarter they have many ways to attract investors. one of them by manipulating the number of members of the telegram. some newcomers or investors think that a project that has many members in telegram and social media is a good and successful project. This is a trick.
so we must do serious research before deciding to join a project.

makolz26

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Quote from: meliodas on November 16, 2019, 12:42:59 AM

Telegram communities or any opinions from different online communities should not be a solid basis for investing. Investing is all about doing research and clarifying all of the things before you put your hard earned money into something. If you are only basing on the opinions or suggestion of other people then definitely in the near future, you will be screwed up.

Most of them are just paid chillers and hypers to make the community active, so don't get FOMO about what they are saying. Let's just enjoy the ride and check what is the real happening in their product, do they really have working product? Or they are just waiting for the fund yet. When they are not working yet as they are waiting for raised fund, then it will be too risky. For me, I am willing to take risk to make money if I know that there's already an existing product and the team behind it also invested their own fund.

bitcoinposts

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we should invest based on telegram promotions in crypto we should follow our own analysis most of the telegram groups are fake

meliodas

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Telegram communities or any opinions from different online communities should not be a solid basis for investing. Investing is all about doing research and clarifying all of the things before you put your hard earned money into something. If you are only basing on the opinions or suggestion of other people then definitely in the near future, you will be screwed up.

fuer44

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Quote from: Bttzed03 on November 15, 2019, 12:31:40 PM

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

indeed like that, the telegram group from the bounty is on average a bounty hunter or airdrop which is their condition to join. so it's not a problem, for me it's only natural when there are bounty telegram groups that have very many members and most of them are airdrop or bounty participants. the fact that you will invest or not is up to you. but while the group still looks active and the admin gives good responses, there's no harm in asking questions and then can start investing.

ajeef

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Quote from: Bttzed03 on November 15, 2019, 12:31:40 PM

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

Yeah some bounty hunters are asked to be promote their project on their telegram groups and saying good things to the projects. While the crypto newcomers and just joined the telegram group will look into the chats and thought the project is real good, but the newcomers are not doing research to the project yet. This things are happens oftenly.

BRODIN

member

Activity: 655

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yes that's the fact, there are various forms of fraud in the crypto industry as you explained above, fraudsters always do anything to convince investors or attract the attention of crypto users. so don't be surprised if there are hundreds of thousands of telegram users in the project group.

BlackFor3st

hero member

Activity: 1932

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Betking.io - Best Bitcoin Casino

Quote from: Bttzed03 on November 15, 2019, 12:31:40 PM

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

Gathering people is another part of marketing so you don't have to worry about it as it is normal and even genuine projects are using this technique in order to widen their reach, not only to the bounty hunters but also to the investors.

This also applies to social media groups like facebook,twitter, linkedin,reddit and etc. therefore suggesting to the investors that don't invest to the project base on telegram community numbers are not a good suggestion. Instead, it's better to say that don't invest base on hype telegram community but invest in those projects that offers genuine product,good marketing techniques,active team,bright whitepaper,clear roadmaps and has a good number of partners.

Sendi blackspade team

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Quote from: asus09 on November 15, 2019, 10:41:48 PM

Telegram community is not good source for your investment on ICO project, everything can be fake by looking their telegram member channel by giving airdrop way. You have check on site rating of ICO project and check how much coin have sold to public. Many ICO use many ways to get investor without give based on how correct information about their ICO site.

to be honest, I once believed in the telegram community of a project for investment that I did. but I did check on the project first. because it turns out the team is indeed very responsive to all member questions. especially for IEO in large exchanges to be carried out. and I finally decided to try my luck investing in these coins. and I was lucky because there was a profit that I got. but I'm sure, I'm just lucky.

LogitechMouse

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There are many telegram channels right now that have many users in that channel but unfortunately, the project isn't successful because even their telegram has many users in it not all of them are investors. Probably most of them are just bots and some of them are just bounty hunters and some of them are waiting for a good news so that they can sell their tokens that they are holding.

Telegram community doesn't make a project a successful one. Yes it can attract newbie investors because they are thinking that most of the users in their channel are investors and it will be a successful one because it has lot of investors but it is not. Investing in ICO right now is hard for me because it can end up being a scam or a fail project. It is best if you just don't invest in an ICO but just to buy it on an exchange if you know that the project will be a successful in the future.

asus09

sr. member

Activity: 1344

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Quote from: Pearls Before Swine on November 15, 2019, 01:04:17 PM

Quote from: tk808 on November 15, 2019, 12:37:15 PM

Anything ranging from 20-100k, that was made post-2018, is consisted of fake, accounts pulled from other groups and other highly manipulative practices. These types of crypto groups you should always avoid.

Excellent point. Everything can be faked, exaggerated, just like facebook and twitter followers which often happens with bounty hunters when they have to meet a minimum # of followers in order to join. You know damn well all those followers aren't real people, and the same thing is true for any telegram group with many thousands of members if it's for some ico or shit coin.

This is an important warning for newbies, op and I have no doubt a lot of them fall for projects that *look* good, and most of them do, even if they're scams. Those scammers know what they're doing and know they have to keep up appearances if they expect to draw in investors.

Even better advice would be to just avoid the ico space altogether. How many scams do we have to see before investors and bounty hunters stop falling for the same old tricks?

Telegram community is not good source for your investment on ICO project, everything can be fake by looking their telegram member channel by giving airdrop way. You have check on site rating of ICO project and check how much coin have sold to public. Many ICO use many ways to get investor without give based on how correct information about their ICO site.

Aabcde

sr. member

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Yes, everything can be made up. Especially the number of people in a telegram group. If only based on the amount that a person judges to invest his money, surely it is a fool, very stupid.
On the other hand, most members there must come because of the airdrop or something that gives free coins. Which airdrop hunters do not care about the good or bad of the project. What they know is how many parts they got. And after that, it will gradually die because the demand decreases continuously.

lienfaye

hero member

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Having a lot of members on the particular telegram chat doesnt mean the project itself is good, has potential and working. Some admin/members are just adding anyone without permission to grow the number of their members. I often experience this, even I didnt join I was added without my permission.

If you're a beginner you might end up believing in them if you're not careful enough to conduct a research. Scam projects are everywhere so its better to not trust anyone especially those members of tg that shills their coins.

Anonylz

hero member

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I would say telegram group of any project can be seen from both a positive and negative part...
The negative part is that as we already know, fake members, paid to shill members that engage in fake discussions in the group, all they do is say nice things all day long, real members ask constructive questions, they get banned..... red flag.
The positive part the possibility of chatting the team up whenever they are online about the project and their plans, get firsthand info about their latest events, meetups and such other activities, lates update of any partnership etc,
in a nutshell, telegram community alone is not enough to make an investment decision.

Topic: Do not invest based on the "telegram community" - page 3. (Read 725 times)