Look before taking a leap | Bitcointalksearch.org

Balladtony77

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Quote from: Yamifoud on June 21, 2020, 05:24:16 PM

Quote from: krisnajsadrak on June 21, 2020, 05:06:58 PM

Quote from: PerfectCircle on June 21, 2020, 01:45:44 PM

snipped...

don't know about defi project, but if you talk about this defi
https://coinmarketcap.com/currencies/defi/
i think thats weird by calling this project are "the biggest new thing in crypto spcae today"
because the volume is very low, less than $150 in 24 hours depends on coinmarketcap data

You can find a lot of Defi (Decentralized Finance) projects https://defiprime.com/

No, they are not weird projects as you think. Investors are looking for decentralized projects for they think that it can't be manipulated by those market whales, unlike centralized projects. But somehow, we can't neglect a thing that scammers and fake shilling project will surely come because of their greediness. They'll come not for the good of everybody but for the benefits of themself only. They just ruin the trust and confidence of the people into crypto space.

Are you saying DeFi projects can't be manipulated by whales? That sounds too good to be true, will they have their own separate crypto exchange? I guess not, whales can manipulate anything in crypto space and nothing can change that

danherbias07

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Wherever there is money they will start creating there.
Either developer or investor.

Look at ERC20, it's full of different tokens without any use.
Too bad some of them cannot be deleted. You just pass it to clean up your wallet. Grin

Before, there was so much success, but they never continue.
I don't know if it is bankruptcy, or they just lack the fire to keep on moving.

crwth

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Quote from: PerfectCircle on June 21, 2020, 01:45:44 PM

Copycating over and over...

This is probably the result of a project where it has been successful and now other developers are copying it and you cannot stop the developers who copy it because they want that kind of success too and they would try to get the market share of the original one.

I kind of view this with the different cryptocurrencies. If Bitcoin wasn't created, there wouldn't be altcoins in the world. Altcoins were created to replace Bitcoin but it still is the strongest just because it's the first.

It's continuously going to happen if there are innovations around us, that's just how humans do it, I guess.

Gotumoot

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Quote from: PerfectCircle on June 21, 2020, 01:45:44 PM

Honestly I don't know what's wrong with new developers in crypto space, investors wants profits so badly but developers wants more, it's normal but without giving something in return is bad, the highest you gonna get is repetitive projects, I'm tired of this already

Look at DeFi projects, they are the biggest new thing in Crypto space today, I haven't seen a failed DeFi project yet but guess what? Very soon we will start seeing too many DeFi projects, because that's what developers do..... Copycating over and over...

This is so alarming, must you create new projects with nothing new?? Oh! I guess you needed money that badly, I get, we all do, anyways, all I have to do is warn my fellow investors, look before you take a leap

Scammer would use anything that is on trend and would wreck the reputation of the current and the future projects.
It is repeating everything from the start from HYIP,Cloud Mining into creating alt-coins once they see that they couldn't get any new investor they would look onto what is in trend and try to jump in or as you've said copycating the projects.

andra73

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Quote from: slashz9 on June 23, 2020, 04:10:25 AM

Quote from: btcdie on June 21, 2020, 02:58:31 PM

Creating something new in the crypto world is not easy, developers work hard for it. it's true that something new in the crypto world is good news for investors and with that can get profit quickly. I think if you are an investor why not choose an existing altcoin and do some fundamental coin research, so you can also make a profit. look at the current market conditions all at a low price when compared to 2017 and I'm sure the bull run will continue.

I know it is difficult to create new things, but at least he is making progress or there are advantages to the project so that there will be new things or new functions created instead of just imitating other projects using different names.

there really should be something more valuable to the new project. if they want to survive and compete with other projects that are already on the market. but now you can see more and more exchange platforms with the same technology or usability and indeed there is no difference from other platforms.

meanwords

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Quote from: Davian144 on June 23, 2020, 06:00:11 AM

Quote from: VDraci on June 23, 2020, 04:39:10 AM

You are responsible for your decisions, make sure you do good research before choosing projects, don't give money to developers that have nothing to offer than repetitive projects, they are 90% scams, it's better not to invest on new projects and go with old projects

Yes, but old projects also need to be carefully examined, because not all old projects are good for investment, so I am more amenable to choosing old projects that are already popular, because projects that are already popular are clearly interested and the daily trading volume is also very Lots.

That is true. Not all old projects are promising. Just look at deeponion. They were one of the most hyped coin in 2017 because of its unique airdrop system and community. Although they are pretty old now and pretty famous back then, now they are pretty silent compared to the years before.

I'd say those are in the top 100 projects base on top sites like CMC and coingecko are probably the safest to invest to when you are into profit. New projects is just too risky and just like you said OP, they are all the same with no new ideas.

Davian144

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Quote from: VDraci on June 23, 2020, 04:39:10 AM

You are responsible for your decisions, make sure you do good research before choosing projects, don't give money to developers that have nothing to offer than repetitive projects, they are 90% scams, it's better not to invest on new projects and go with old projects

Yes, but old projects also need to be carefully examined, because not all old projects are good for investment, so I am more amenable to choosing old projects that are already popular, because projects that are already popular are clearly interested and the daily trading volume is also very Lots.

VDraci

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You are responsible for your decisions, make sure you do good research before choosing projects, don't give money to developers that have nothing to offer than repetitive projects, they are 90% scams, it's better not to invest on new projects and go with old projects

Reid

hero member

Activity: 3052

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No wonder it explodes early.
Both sides want to make a profit as fast as they could.

Developers should have a different view when it comes to their projects.
Profits should be less priority or for long term.
I have seen good projects before. The only problem is fewer supporters and investors.
It's way different now.

Mighty_crypt

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Activity: 784

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It's a complete waste of money if we keep investing on something we've invested on before but that's not the real fact here, some old projects aren't good enough and new projects may do better sometimes even if they have same features and use case, how determined the teams are will determine the future of a project

slashz9

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Quote from: btcdie on June 21, 2020, 02:58:31 PM

Creating something new in the crypto world is not easy, developers work hard for it. it's true that something new in the crypto world is good news for investors and with that can get profit quickly. I think if you are an investor why not choose an existing altcoin and do some fundamental coin research, so you can also make a profit. look at the current market conditions all at a low price when compared to 2017 and I'm sure the bull run will continue.

I know it is difficult to create new things, but at least he is making progress or there are advantages to the project so that there will be new things or new functions created instead of just imitating other projects using different names.

Novatech8

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Activity: 700

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Sovryn - Brings DeFi to Bitcoin

When there is scarcity of new ideas and developers want to make money it's certain that they will introduced something we've seen before and add few changes, it's investors responsibility to do research on new projects before investing money, your money, your choice

michellee

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There is nothing wrong with that. The developers want to make money from crypto, and they can copycatting another project to create a new idea and get the investor. But if the investor knows that their project is not good, they will not invest in that project, and they will search for another project. There will be much more technology that will come out in the crypto space, and we need to search for the right project, and we don't have to select the similar project. That is why research is necessary, so we don't waste our money to invest in the wrong project.

Ridwan Fauzi

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Crypto currency is promising place to get a lot of profit and this has been happened in a few years ago. This is why, each investor is easily tempted to invest their money but they didn't know the ins and out of the project itself. They only see the profit that has offered by developer or the promoter of the project.

So as I'm not wierd when there is a lot of investors already who regretted the decission because they have lost their money. This thing should be avoided by new investor who comes and give an awareness for old investor as well. It is not about high risk and high return anymore, the investor have to choose the right project and they can store their money comfortably.

dragon695

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Quote from: maxreish on June 22, 2020, 03:11:10 AM

That is what we called, competitions. just like other businesses that is coming to it's popularity, demand and hype. In crypto field, projects are also copycatting for them to gain. It's just that they should be unique with the other so they can be successful at the end.

We may see some defi projects fail because they copy the whole thing and never add spices to their objective. Investors wanted to try projects that they think they will gonna benefit if it will turn out to be well.

True! In any kind of business, there's always a hype that is created after something new comes up. The important thing is that among those similarities, each project has to find the strengths that make them unique! While copycatting all of the others' work leads to failures, they should find their own strengths to gain their reputation and make them become successful.

irixo10

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GoMeat - Digitalizing Meat Stores - ICO

Funny enough I think this trend of copying other projects will continue for a while until most people starts understanding that these developers cares for nothing than their own gains, because in my own view nothing explains the fact that a project team who want to develop something will go the length of copying what others are doing, the question is, after copying them what next? How will they improve or grow? None, they won't improve, they won't grow thus dying sooner than later. Like the title says, "look before taking a leap" it explains it all, if you don't look first and just jump into investing you might end up blaming yourself.

maenauaras

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If you carefully review all new cryptocurrencies, you will find that the projects that are totally different from any other projects represent less than 1% and maybe less than 10 projects.
Projects that repeat the same idea but by adding a few things (like a hardfork, updating a specific part of the code) represent 2%.
Any other cryptocurrency (more than 2000 coins) are duplicates in an attempt to make the early developers or investors rich.
many people follow these currencies and try to store them in the hope that they will be valuable in the future.

bobitza

sr. member

Activity: 560

Merit: 256

I thought differently of you! All projects are not completely the same. Because the purpose of the projects is different, the development potential is also different and the profit is also different. Because of this, when you invest money in any project, you need to consider it. Do research carefully to avoid encounter fraud projects. The project must have a new one but not all are successful.

posporo

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I guess being a developer is very difficult you must be creative and always think new ideas for creating new projects. There are copycating which are made just to scam people and there are copycating which innovates the original one which is good especially for the team and for the used of it but it could affect the team of the original one but that is how the business works for the team to survive.

maxreish

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That is what we called, competitions. just like other businesses that is coming to it's popularity, demand and hype. In crypto field, projects are also copycatting for them to gain. It's just that they should be unique with the other so they can be successful at the end.

We may see some defi projects fail because they copy the whole thing and never add spices to their objective. Investors wanted to try projects that they think they will gonna benefit if it will turn out to be well.

Topic: Look before taking a leap (Read 399 times)