While the cryptocurrency market has undoubtedly seen its fair share of scams and fraudulent projects, it would be inaccurate to categorize all altcoins as fake or scams. The term "altcoin" refers to any cryptocurrency that is an alternative to Bitcoin, encompassing a wide range of projects and tokens with varying goals, technology, and legitimacy.
It's important to exercise caution and conduct thorough research when considering investing in or engaging with any altcoin. Such Project Legitimacy,Technology and Innovation,Community and Reputation
Remember, while there are legitimate altcoins with promising potential, the cryptocurrency market is highly speculative and carries inherent risks. It's essential to exercise due diligence, diversify investments, and consider seeking advice from financial professionals before making any investment decisions.
Topic: Most altcoins are fake (wakanda) - page 2. (Read 327 times)
People should learn that if a coin or token comes from a trend or a hype this is going to be a useless and shit token out of the thousands of tokens or coins that come from what is trending only 1% or even less are still in the market and they are struggling, people should stop investing and supporting coins that comes from trend and hype, they keep coming because many investors mostly newbies who are dreaming to be an early bird in a coin that they think will have potential keep investing on these shitcoins.
I thought they failed more in their progress in building startups. I was once offered to be their marketing team, but they didn't pay me with money, except commissions, every time there was a purchase with a project, the progress of which was even less clear, they were reluctant to spend money to run the project, even now several people say their projects always take investor's money or exit scam.
what so investors do not know especially the newbies is that there are plenty fake coins in the market and we need to know how to recognize them if not you are going to end up losing plenty if money consistently because you have failed to learn how to suspect fake coins that are in the market. We don't need to relax on the news or cryptocurrency influencers with there various hype about different cryptocurrency projects so that they can drive investors into such a project. We need to make sure we do the necessary research and invest when prompt than to just relax and make financial investment without having concrete information about the project.
This is one good example of shitcoins and you can see after the hype has gone, the price has no longer able to recover because there were no updates or development has been going on and probably the team that created that coin has already switched their attention to another scam project that they will gonna launch to fool the same people that invested in their last fake altcoin. Most altcoins are like this that's why they are one of the main problems why the crypto market doesn't directly go up they are the reason why people lose their trust in buying altcoins again.
People make fake crypto to make money from stupid people, it's simple
Those that invested in their coin aren't stupid, anyone can fall their trap, though i still have to blame them for lack of proper research before investing with them, but everyone wabt to take that opportunity with cryptocurrency to make money just as some have already got from the oast this fantastic experience in making money when they invested, it's about those behind every crypto projects and not the altcoins itself.
We all here so smart and will not fall for that, but actually a lot of people are buying this and the same stuff.
One still beed to be careful through his being smart not to fall into hands, scammers continue to developed more advanced means of attacking people through online crypto investment.
People make fake crypto to make money from stupid people, it's simple. We all here so smart and will not fall for that, but actually a lot of people are buying this and the same stuff.
The aim is to steal from you in the comfort of their house. They don't even need to dirty their hands and go to the bank to risk their life robbing it. All they need is a computer, an internet connection, and some developer skills and Voila they can steal from people as long as they will you believe it is real.
This ain't new and I hope you did your research first before jumping the gun and investing in them.
Think about it, the name sounds fishy and they are using the hype of the latest movie just so they could steal some money from foolish people who would think it is real.
Look for a project that is promising and continuous, something that is backed by known players in the industry and not some wannabe crypto enthusiast who uses their skills for their greed. This is why I don't like anonymous team projects anymore. They say it's for their own safety but we all know what is really behind it on why they are keeping their identity.
This ain't new and I hope you did your research first before jumping the gun and investing in them.
Think about it, the name sounds fishy and they are using the hype of the latest movie just so they could steal some money from foolish people who would think it is real.
Look for a project that is promising and continuous, something that is backed by known players in the industry and not some wannabe crypto enthusiast who uses their skills for their greed. This is why I don't like anonymous team projects anymore. They say it's for their own safety but we all know what is really behind it on why they are keeping their identity.
I thought they failed more in their progress in building startups. I was once offered to be their marketing team, but they didn't pay me with money, except commissions, every time there was a purchase with a project, the progress of which was even less clear, they were reluctant to spend money to run the project, even now several people say their projects always take investor's money or exit scam.
There aim is to steal people's Bitcoin so they can have more Bitcoin to profit from when the bull market comes. Most altcoins are created because the founders know people are looking for the next tending project to invest into. Wakanda Inu had a good version but the founder had other plans.
Enough money wasn't used to market wakanda inu like other memecoins that millions were been used for the marketing of the project. Coins like Shiba Inu used millions for their marketing and that's why they're very popular today. Wakanda inu founders made alot of money but didn't care about the community.
They abandoned the project and that's what made many investors lose money for investing into the project. If wakanda inu wants to survive they need rebranding and have to disassociate themselves from the Inu trends or they'll be seen as another scam project looking to profits from the name.
Unfortunately this is the truth and we have to learn to live with it. I know that developers are trying to make money from people and we are just getting the short end of it. A lot of people funded a lot of projects and got nothing in return and we have to realize that it is not going to be a good thing to handle this.Enough money wasn't used to market wakanda inu like other memecoins that millions were been used for the marketing of the project. Coins like Shiba Inu used millions for their marketing and that's why they're very popular today. Wakanda inu founders made alot of money but didn't care about the community.
They abandoned the project and that's what made many investors lose money for investing into the project. If wakanda inu wants to survive they need rebranding and have to disassociate themselves from the Inu trends or they'll be seen as another scam project looking to profits from the name.
We are going to end up with a lot more and people will not learn from their mistakes and they will keep on funding new projects with the hopes that the new one will be better and not scam them but almost all of them will. These are all fake stuff that will make only the developer richer and nobody else, which is why I believe that we can't really do anything that will help anyone at all.
Please what is the aimed of those people doing fake crypto currency?
Very obvious, to make the devs of it rich and that's through all of your money including other investors. Do not invest in projects that are obviously not going to do good with your money. They're only there to make everyone entice that they're working for something but it all comes out that all of those are just part of their marketing. And sadly, many of you guys have fallen to their marketing which have been effective on their side.
The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September, many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining.
You can learn a very important lesson to never try to buy the shit scam token as long term investment. My question for you is why did you buy that while you have bunch of trusted tokens in the market? Im sorry but it's also your mistake to easily believe with the scam token. The scammers are always repeating the same method over and over again. They were making shit scam token which consumes only a few dollars and then they will attract people to buy their tokens.
The scammers have premined coin that would be used to dump in your ass. That's an old trick but i don't know why people kept fallen into the same hole.
Please what is the aimed of those people doing fake crypto currency?
To run away with people's money. These scammers were only able fooling others to get money. You must be careful when investing in everything. 
The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September, many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining.
Please what is the aimed of those people doing fake crypto currency?
Dealing up with crypto does have lots of accompanied risks.This is why it would really be just that right that you should be mindfulPlease what is the aimed of those people doing fake crypto currency?
and somewhat realistic of your investment aims and goals and be wise if ever you do see some red flags. You should bare up on your mind;
1. Scammers would really be creating something that goes in line with the hype
2. Dont believe that Devs/Owners are really that mindful about their investors
3. As long its anonymous or even being doxxed, doesnt assure that they wouldnt run off with the money
4. 95% coins in the market are shit and 5% of them are really having that usecase
Always DYOR, dont make yourself that get impulsive when it comes to investment decisions and dont make yourself get easily
fomo'ed out because this is where mistakes do usually happens.
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Please what is the aimed of those people doing fake crypto currency?
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Are you asking what their aim is? Profit. Short and simple. Not everyone has morals or they have such backgrounds and live in places where they don't afford to have morals.Please what is the aimed of those people doing fake crypto currency?
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When you are investing into something new, always assume that at some point they are most likely going to do an exit scam. You'll be safer that way.
Good projects will have real doxxed devs with a proven history of building stuff. If you are investing into anon dev tokens, changes are that you are only going to get scammed. It has been so since from the start.
Please what is the aimed of those people doing fake crypto currency?
Very obvious, to make the devs of it rich and that's through all of your money including other investors. Do not invest in projects that are obviously not going to do good with your money. They're only there to make everyone entice that they're working for something but it all comes out that all of those are just part of their marketing. And sadly, many of you guys have fallen to their marketing which have been effective on their side.Please what is the aimed of those people doing fake crypto currency?
Very obvious, to make the devs of it rich and that's through all of your money including other investors. Do not invest in projects that are obviously not going to do good with your money. They're only there to make everyone entice that they're working for something but it all comes out that all of those are just part of their marketing. And sadly, many of you guys have fallen to their marketing which have been effective on their side. 
Please what is the aimed of those people doing fake crypto currency?
To take money away from you and others who have invested, and then use that money to enrich themselves. BTW you're absolutely spot on: most altcoins are indeed fake and scams, the owners basically create them only to make money for themselves, they have zero use cases, most times plagiaraized whitepaper, impostor team of developers, etc. If you don't want to be scammed with fake/scam coins, then only invest in Bitcoin and forget about altcoins, there are so many of them, so to find a productive one is as good a task as looking for a needle in a haystack. 
The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September, many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining.
Please what is the aimed of those people doing fake crypto currency?
First most of the alternarice coins that came on board from after the 2017 altcoin boom were 90% fake projects developed by scammers who found cryptocurrencies development as the new thing on board that could be used to steal people's money, most of them don't have any other motive than to lure potential victims into buy into they fake idea.Please what is the aimed of those people doing fake crypto currency?
That is why i never took them seriously because I have heard what most of the shitcoins did to their investors, where they lost almost everything from investing into that scam, I heard in the news that a Bishop also created one coin that end up scamming it investors where they were not able to withdraw their investment.
The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September, many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining.
Please what is the aimed of those people doing fake crypto currency?
Please what is the aimed of those people doing fake crypto currency?
There aim is to steal people's Bitcoin so they can have more Bitcoin to profit from when the bull market comes. Most altcoins are created because the founders know people are looking for the next tending project to invest into. Wakanda Inu had a good version but the founder had other plans.
Enough money wasn't used to market wakanda inu like other memecoins that millions were been used for the marketing of the project. Coins like Shiba Inu used millions for their marketing and that's why they're very popular today. Wakanda inu founders made alot of money but didn't care about the community.
They abandoned the project and that's what made many investors lose money for investing into the project. If wakanda inu wants to survive they need rebranding and have to disassociate themselves from the Inu trends or they'll be seen as another scam project looking to profits from the name.
The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September
To start with, Wakanda isn't the first Africa project. There was Dalecoin even before I embraced crypto in 2017. There was also Zugacoin created by Sam Zuga, an African, in 2019 or 2020.Quote
many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining.
I saw through the smokescreen when the hype for it hit the media but I avoided it as my sixth sense told me something wasn't right. My guts were right. It was the same way I avoided the shitcoin, Zugacoin. It's not as if it's an African thing to have bad projects. It transverses all continents. There are scammers everywhere. BTW, don't sell off what is left. You never can tell if there are going to be novice investors who are definitely going to buy it during the forthcoming bull run in 2024/25Quote
Please what is the aimed of those people doing fake crypto currency?
I believe this is a rhetorical question. 
Please what is the aimed of those people doing fake crypto currency?
I'm sure they want to earn fast money. but i am confused. It seems that African projects are indeed very difficult to be sustainable in market trends. Until now I'm confused about how they developed their project because what I know is that there has never been a project from Africa that has been successful and has lasted until now. it's a good idea to do more research on it so as not to be disappointed with the Wakanda project.
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