Is this the end or only the beginning

Devifajarina

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Yes it is, because it will take a long time when one project wants to be labeled as a successful project. In fact many of the new projects are only successful at the beginning, but after a while they are no different than junk coins.
I don't think it's great for beginners, because sometimes even those who have been in the cryptocurrency for a long time are stuck at a loss. Again, prudence in analyzing is an important factor, besides that sometimes we have to hold back on our ambitions even though we are sure of what we can from the research carried out.

It's rare for new projects to stay successful, usually they're only successful at the start, then just disappear along the way. As you said, people who have been in cryptocurrency for a long time are also stuck in the project, especially for those who are new to cryptocurrencies, this is why it is very important to understand the concept of the coin journey thoroughly, otherwise we will be stuck in a short understanding

Quote from: monineklutak on August 03, 2022, 07:23:00 AM

That's why it's quite risky to talk about a new project where we don't know what the project will look like,
This is true because analyzing it without paying attention to the correct rules is not enough,
it's not easy to hold on to that ambition

That's why the importance of basic knowledge regarding crypto as a whole, because the development of new projects usually uses almost the same method, to maintain that ambition, some knowledge is needed, so that when a new project starts to launch, we have the knowledge to analyze

sulendra12

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

Most of the new projects are actually falling to the ground if they don't have strong community and team to even start and even then they have strong community and teams it doesn't mean that they will have a chance to just run away with investors money if they want to and we have seen that a lot of time in here if they are not serious about their projects.

posi

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Quote from: mich on June 01, 2022, 01:30:26 AM

I do not think that this is the end of alt coins. I firmly believe alt coins are here to stay. On the other hand this is the time for many companies to exit while the market is down.
There is no doubt in my mind that many companies will not remain financially solvent throughout this coming recession. In my opinion, some companies closing their doors is not an indication that alt coins will go away but perhaps a sign that the market will change.

The altcoin market is always like that, always changing after each bear cycle and as we can see through the many cycles of the market, we have more and more serious and promising altcoin projects.

The altcoin market is a very important part of the crypto industry, an integral part, every innovation, new technology comes from the altcoin market. While investing in altcoins is riskier than bitcoin, its potential cannot be denied.

Wong Gendheng

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Although the market has not recovered, but in my opinion this is normal, even when in 2017 the Red Market it takes about 3 years to recover, and we enter the negative period not a year and see the price movements that occurred I was sure it did not take long to recover soon.

icalical

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What happened to Luna is not just fate, at best it was a flaw on their system foundation that is exploited by some whale, at worst their founder purposely designed the flaw an then collaborating with some people to make one of the biggest fraud in cryptocurrency history. Whatever happened to Luna, I believe that most of the top rank crypto project right now is actually trying to give solution, I won't say that they are completely honest, but at least most of them are actually trying to solve actual problem.

Nrcewker

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

The best thing we can do in this scenario is just avoiding investing in these coins.
Just simply ignore this projects if you love your hard earned money.
Also if you want quick profits from this penny projects, then better do gambling to earn great profits in shorter period of time.
These types of projects are only made to profit the owner, so it’s better to keep these projects in sides.

monineklutak

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Quote from: Devifajarina on August 03, 2022, 01:37:24 AM

The number of successful new projects is not included in the category of success, because of the many launched, only a few are able to provide a level of success, that's a reference that people hold and that is the occurrence of new project freming, without making an analysis and find out first before Enter too far.

For me it is not a problem to take a role in a new project, but must have a development that is close to the word success, this is only interesting for us to enter further. Therefore, basic knowledge is needed to make an analysis, so that we are not trapped in the wrong project.

Yes it is, because it will take a long time when one project wants to be labeled as a successful project. In fact many of the new projects are only successful at the beginning, but after a while they are no different than junk coins.
I don't think it's great for beginners, because sometimes even those who have been in the cryptocurrency for a long time are stuck at a loss. Again, prudence in analyzing is an important factor, besides that sometimes we have to hold back on our ambitions even though we are sure of what we can from the research carried out.

That's why it's quite risky to talk about a new project where we don't know what the project will look like,
This is true because analyzing it without paying attention to the correct rules is not enough,
it's not easy to hold on to that ambition

Wildwest

sr. member

Activity: 1701

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If the current state of the market is of course many projects that are experiencing financial problems and they must be able to survive until later they will find a safe zone, and I am sure that many large projects have a good team and they will definitely maintain their projects as much as possible, and they definitely do not want to suffer the same fate as the LUNA project, hence the current price drop is indeed very difficult to maintain in a project.

Devifajarina

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Quote from: Shasha80 on May 31, 2022, 09:57:14 AM

Quote from: Devifajarina on May 29, 2022, 03:36:27 AM

Quote from: Shasha80 on May 28, 2022, 05:43:38 AM

Quote from: Devifajarina on May 28, 2022, 03:12:16 AM

It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.

it's not wrong when many people start trying on new projects, this is something new and must be followed, but can all this go according to our wishes, doesn't everyone enter this space to seek profits and minimize the risk as small as possible, Luna is an example most of the failures of new existing projects, knowledge and caution are needed to carry out investments here

Not all new projects are bad investment choices, because there are some new projects that are good and have a clear function. So it's not wrong
if we want to invest in new projects, but the problem is finding good new projects is very difficult. Because based on the results of my investigation,
the majority of the new projects in circulation are not worth buying, and just copycat the previous project. I mean than we end up choosing
the wrong projects and lose the money we have, we better take safe steps not to invest in new projects. Unless we have good analytical skills and
are also experienced in the crypto world, we can try investing in new projects. But if we do feel lack of knowledge and experience, even our
analytical skills are not too good. So it's better to just focus on investing in Bitcoin and Ethereum which are very safe, because investing in Bitcoin
and Ethereum is less risky than new projects. In addition Bitcoin and Ethereum will usually always recover no matter how deep the price drops,
most importantly we can patiently wait until Bitcoin and Ethereum reach the price target we want.

The number of successful new projects is not included in the category of success, because of the many launched, only a few are able to provide a level of success, that's a reference that people hold and that is the occurrence of new project freming, without making an analysis and find out first before Enter too far.

For me it is not a problem to take a role in a new project, but must have a development that is close to the word success, this is only interesting for us to enter further. Therefore, basic knowledge is needed to make an analysis, so that we are not trapped in the wrong project.

fuer44

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Quote from: kojektea on May 26, 2022, 06:39:25 AM

In the cryptocurrency world, it is very anonymous, no one knows the CEO's data if he hides it, for example, if you see a similar project managed by the same admin, they only have their project names, without including their real names and original photos on their website, it's very dangerous. because it is advisable to research the project first before we actually invest. But I think it's better to stay away from DeFi which hides who their team is.

those are some of the weaknesses in the crypto world, when there is cheating from the developer, then we will not know what will happen next because all data in crypto from personal data to transactions are all anonymous and difficult to trace. For example, even if it is brought to law, it doesn't seem like it will come to light because the crypto world is actually a risk.

but this is not the end, seeing the recent trend of NFT, I think this will make the crypto market bounce back.

LUCKMCFLY

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The altcoin projects will always exist and will be very huge, as everything that is coming, which are the metaverses, are growing, within the metaverses there will be projects and those projects will surely enter the . ICO, NFT and all those who believe, in fact I think that the Erc-20 network could happen in a good way because the scalability and everything that has to do with the high fees could have turned out a bit, so I think it is not the end, I think it is the beginning of an era that is within the metaverses and without the metaverses the projects will continue in the same way.

RussianEnglishTranslation

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

There will be less rugs as more regulation comes in. Fortunately for investors looking for returns right now, there are a lot of projects that have been around for 2+ years that haven't exit scammed and can be deemed blue chip investments, like HBAR, Polygon, ICP, and Celo for example.

mich

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I do not think that this is the end of alt coins. I firmly believe alt coins are here to stay. On the other hand this is the time for many companies to exit while the market is down.
There is no doubt in my mind that many companies will not remain financially solvent throughout this coming recession. In my opinion, some companies closing their doors is not an indication that alt coins will go away but perhaps a sign that the market will change.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Devifajarina on May 29, 2022, 03:36:27 AM

Quote from: Shasha80 on May 28, 2022, 05:43:38 AM

Quote from: Devifajarina on May 28, 2022, 03:12:16 AM

It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.

it's not wrong when many people start trying on new projects, this is something new and must be followed, but can all this go according to our wishes, doesn't everyone enter this space to seek profits and minimize the risk as small as possible, Luna is an example most of the failures of new existing projects, knowledge and caution are needed to carry out investments here

Not all new projects are bad investment choices, because there are some new projects that are good and have a clear function. So it's not wrong
if we want to invest in new projects, but the problem is finding good new projects is very difficult. Because based on the results of my investigation,
the majority of the new projects in circulation are not worth buying, and just copycat the previous project. I mean than we end up choosing
the wrong projects and lose the money we have, we better take safe steps not to invest in new projects. Unless we have good analytical skills and
are also experienced in the crypto world, we can try investing in new projects. But if we do feel lack of knowledge and experience, even our
analytical skills are not too good. So it's better to just focus on investing in Bitcoin and Ethereum which are very safe, because investing in Bitcoin
and Ethereum is less risky than new projects. In addition Bitcoin and Ethereum will usually always recover no matter how deep the price drops,
most importantly we can patiently wait until Bitcoin and Ethereum reach the price target we want.

Semar Mesem

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Activity: 1484

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Don't be pessimistic when you see the market is red, this is a good opportunity to buy, I'm not worried about my assets dropping, in fact the last few days I invested MATIC, FTM, CAKE and several altcoins that have the potential to skyrocket soon,

ilovealtcoins

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Quote from: LogitechMouse on May 28, 2022, 02:47:09 AM

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

Invincible CEO? I don't know what does that mean. Anonymous team you mean?
Whatever that means, Luna CEO is bullshit. He scammed many investors and he just created a new blockchain like nothing happened. Raise voice on Luna CEO? How? He is an arrogant CEO who scammed many people just because many investors exposed the weakness of his old project.

He is a blatant scammer, he should be investigated and judged. Just by creating a version of Luna2.0 and announcing the airdrop to compensate for the previous loss to investors, he got away with being a fraudster. People were too lenient with him.

GreatArkansas

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022?
(....)

I am also convinced that there is always a bear market on the market, it's because for sure to eliminate some projects that are frauds or scams.
Even in the last bear market 2017 - 2018, a lot of projects lost almost 90% of their value from the initial prize.
It will also become a lesson for most people, especially for those newcomers and greedy people.

Devifajarina

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Quote from: Shasha80 on May 28, 2022, 05:43:38 AM

Quote from: Devifajarina on May 28, 2022, 03:12:16 AM

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.

it's not wrong when many people start trying on new projects, this is something new and must be followed, but can all this go according to our wishes, doesn't everyone enter this space to seek profits and minimize the risk as small as possible, Luna is an example most of the failures of new existing projects, knowledge and caution are needed to carry out investments here

Quote from: sana54210 on May 28, 2022, 04:56:05 PM

Quote from: Devifajarina on May 28, 2022, 03:12:16 AM

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

What I believe to be true is that CEO's of projects are the main reason why they are not liked and go up in the long run. I mean think about it, there is someone at the top of a project, what happened with decentralization? I prefer the ones that have nobody.
I get that there used to be decentralized networks with influential people, like ETH is decentralized but Vitalik has influence, but these are not even like that, these are like CEOs that end up deciding everything, doing everything, and that is how they approach the market as well and just switch anything they want with their project. I am sorry but that is not a good thing and hurts the market and the project.

In contrast to the cases that we often see with events that have occurred in the past, there was once a famous project based on decentralized utilities, but now project development is enough with the hope of the community and others. influential like Vitalik for example can boost a project to be better, I quite agree with the reasons you gave

sana54210

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Quote from: Devifajarina on May 28, 2022, 03:12:16 AM

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

What I believe to be true is that CEO's of projects are the main reason why they are not liked and go up in the long run. I mean think about it, there is someone at the top of a project, what happened with decentralization? I prefer the ones that have nobody.

I get that there used to be decentralized networks with influential people, like ETH is decentralized but Vitalik has influence, but these are not even like that, these are like CEOs that end up deciding everything, doing everything, and that is how they approach the market as well and just switch anything they want with their project. I am sorry but that is not a good thing and hurts the market and the project.

pawanjain

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Nothing lasts forever

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

What you have said is absolutely true. Sooner or later most of the coins without a purpose are gonna collapse.
It's not about the team but the particular product for which the project was built.
If the project is not sustainable then it will crash no matter how good the team is.
There are many projects which have the same utility as others and all of them will probably get dumped.

Topic: Is this the end or only the beginning (Read 433 times)