New projects are now showing up - page 6.

shoreno

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Quote from: bhabygrim on February 26, 2020, 01:51:28 AM

Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

Actually it isn't something new they have been around for so long if I am not mistaken this have started in 2017 or 2016.
But you are right it is pitiful for those who couldn't do their own research and end's up losing their investment because it was a scam project.

not just on those years you mention but new and scam projects already existed before the internet begun but thier hype only got stronger and bigger ever since cryptocurrency became live especially when cryptocurrency are on a hype trend . the feeling is bad if you will be loosing your hard money on these scam projects just because you'v been tricked . im sure that we all are experienced that bad moment but now im done with them , now i only invest on the legit ones and not on those new tokens .

JeotQ

member

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Only few projects will be worth it so keep your eyes open and do better research, presently there are some projects that are plain scam and people aren't aware of them, some are even promoting them

bhabygrim

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Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

Actually it isn't something new they have been around for so long if I am not mistaken this have started in 2017 or 2016.
But you are right it is pitiful for those who couldn't do their own research and end's up losing their investment because it was a scam project.

cassavachips

sr. member

Activity: 994

Merit: 261

That is clearly the case, new projects are vulnerable to scam and failure, but I always see some new projects from the other side as they continue to be present with something new. And some new projects look successful and help cryptocurrency users.

Free1bitco.in

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Activity: 1624

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Quote from: Vishnu.Reang on February 25, 2020, 11:30:02 PM

I am still of the opinion that the current state of the market is not conductive for new projects. Investors are vary about them, due to the proliferance of scam projects. Even now there is no change to this situation and many of the new projects are turning out to be scams. Until the situation gets better, I am staying away from these new projects and the ICO market.

it's just that we don't know exactly when time will improve again. I think if they really want to make a project that is really high quality, whenever they appear, I think there will be very much support for them. it's just that, until now, there aren't many new projects like that. So far, the best market for IEO is probit, and it's a pretty good market to calculate a project.

Mpamaegbu

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Once a man, twice a child!

Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

This is really worrisome I must confess as most of them will end up shitcoins and the unsuspecting public will wrongly invest in them. We saw this in 2017/2018 that eventually caused the crash of the market in late 2018 and made a mess of the whole thing in 2019. I wish the crypto industry could be censored to at least provide succour and security for the newbies and the not-too-tech savvy investors.

BlackFor3st

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Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

This is only normal especially if the market is starting to become lively again, without new projects the bounty hunters will have no space to earn free money from their effort and time.

Let's all welcome the incoming bull while being extra careful especially in investing as the scammers are always waiting for the right chance also to make their move. But as what I have notice last bull run, the percentage of successful projects are not that bad as it ranges up to 35% compare to bear season that it only ranges up to 10% success rate.

Vishnu.Reang

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Activity: 1974

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I am still of the opinion that the current state of the market is not conductive for new projects. Investors are vary about them, due to the proliferance of scam projects. Even now there is no change to this situation and many of the new projects are turning out to be scams. Until the situation gets better, I am staying away from these new projects and the ICO market.

maxreish

sr. member

Activity: 1330

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New projects is just a normal thing. Whether with the btc hype or not. It's up to us how can we react to this kind of projects. We should always DYOR to spot if the new project is legit or not. Since we are aware that new projects can be fail or success, it is our duty to go through about their platforms, teams, etc before joining any of them. From that, we can totally spot some fraud and legit new projects before trusting and joining.

LbtalkL

full member

Activity: 1176

Merit: 162

I have seen several new projects getting listed at Binance right now, some get free listing and some are direct listing. I trust Binance verification on these projects I guess they will not allow scam project to ruin their name. Looks like these projects already ride the train and waiting to go forward.
Also, these new projects popping out it is not new since I registered here last 2017 these new coins/token there is no stopping them they keep popping out every week or month. Just DYOR about these new projects.

Kasabus

hero member

Activity: 2814

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Quote from: doctor877 on February 25, 2020, 05:24:41 PM

Investors are now wiser at least majority of them are much aware of the crypto trend. So it's now very difficult to get who to scam. Only real projects are surviving at this time .

With the scammed projects we have been experiencing on the previous years, we should be very careful now in choosing potential projects to invest. The market is now recovering and this will be the perfect time for scammers to show up again. So never stop on searching for details and keep making research if we want to invest in projects that will not waste our time in the long run.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

New nonsense projects have been coming all the time since first altcoins started and they have been decreasing a lot on the last bear run, i can't see any increase in them. Even many of the sites that follow new shitcoins have been shutting down. Nr of shitcoin projects will increase a lot in the future, i just can't see it yet in my feeds.

spike420211

sr. member

Activity: 1610

Merit: 372

This always happens. If the market starts to move up, the scammers are activated along with it, offering new promising profitable projects that are not destined to be realized.
However, now it is impossible to say that the market is in an uptrend, rather, it fell into place. Therefore, we will see a truly full-scale offensive by scammers in a few months.

doctor877

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Investors are now wiser at least majority of them are much aware of the crypto trend. So it's now very difficult to get who to scam. Only real projects are surviving at this time .

aemma

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Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

Indeed one everyone needs to be careful, when the market was struggling most projects were on the low but now the market is showing signs of recovery they are all popping up with one unrealistic ideas or the other, although there are few which have genuine ideas. Most people which held various altcoins that are now in profit should endeavour to make adequate and proper research about any project whatsoever irrespective of any news or hype surrounding the project; we are responsible for our own investments thus appropriate care needs to be taken and if in doubt it won't hurt to stick to top altcoins.

CryptopreneurBrainboss

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Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

Patiently doing some research doesn't automatically mean you'll be safe from the scams as this days the scamming project at getting good at disguising themselves as legitimate project. They even spend lots of cash promoting themselves either via paid advert or signature (bounty) campaigns.

Total avoidance will be the best option right out. Most of the altcoin (if not all) at just distractions and will end badly since bitcoin bull run is around the corner. Many altcoins will lose value in satoshi meaning if you would had just hold unto your bitcoin, you'll have gained more than investing in the worthless altcoins pumping up.

Mulann2

member

Activity: 686

Merit: 35

Yes new project are coming in the space because of this recent rally in the market, this past few days, market has been very impressive, both alts and btc witness a rise in price, also don't forget btc halving is close and it is expected that it could result in price increase,
so i guess some of this new project already thought about this possibilities and decide to enter the market at this time.

Kemarit

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Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

This is how the market is being played, we have seen thousands of projects in the past, that looks good in paper but in the end, either the project failed or it exit scam. I'm not into bounties but it seems that they are again increasing exponentially. So for everyone, just check everything, do your own research (DYOR) so as not to be the next victim here.

The OP is right, when Bitcoin hype is growing and so as criminals around taking advantage of gullible person who just wanted to join the bandwagon, specially those newbies. You can also go to Scam Accusations board to see if the project has been flagged by our investigators.

Jating

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Activity: 2842

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Quote from: Winscosinally on February 25, 2020, 04:19:24 AM

Becareful fellas, new projects are now showing up just because of the Bitcoin hype growing around the internet, the FOMO is alive and no one wants to miss out, now new projects are joining the train as well, behold 'its all about money making' ,do not entirely put your trust in new projects, even new bounties are showing up too, I pity you if you don't know how to patiently do some research

Thanks for the reminder, but I think people are getting smarter now. Investors and bounty hunters are really looking at every projects that pop up in the wild making sure that they are not scammy as we don't want to be in the 2017 wherein there's a lot of projects that exit scam with millions of dollars.

But still, this is a good warning from the OP, again, used your common sense before investing your hard earn money on new projects.

owmivmen

jr. member

Activity: 644

Merit: 1

Yes, I agree with your opinion. The number of new projects that exist makes competition more difficult in crypto. Many have failed that I have noticed when I joined a new project. I am more interested in joining projects that are already on the market and already have products that people use.

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