Topic: Ninety nine percent of new projects are money grabbers - page 2. (Read 620 times)
Both old and new projects are mostly money grabbers. If this wasn't so, some projects were not meant to be tokenized, while others were not meant to have as high token supply as they do. These supplies are left in the hands of the project team coupled with funds raised from ICOs or IEOs. It's enrichment for the project owners.
There is no right way to eliminate project fraudsters in this forum, but you can still avoid it by not promoting shady projects. from time to time projects will pop up and maybe only a few are worth following. if you are a project investor, always reconsider and not invest your money in shady projects.
You are not far from the truth bro, all we see in today's market is scam and scam and so more scam project, some of them are so obvious you can sense it, unfortunately there is very little anyone can do because the market is open to all.
That´s the reason why everybody needs to conduct his own due dilligence on a potential investment. Never trust an influencer and even less a self proclaimed expert. There are great projects out there, you just need to do some serious research.
To me many new projects are here today just for your money, you invest in them and you make them rich, that's why we keep seeing unqualified people becoming developers, it's always about the money, I wish crypto projects are much harder to built, maybe only few scam projects will exists...... I know how easy it is to built erc20 token and website too, God have mercy on investors, I hope solution comes soon
In the early days people forked Bitcoin to experiment with different protocol rules or develop new features, but after a few years crypto trading became very lucrative and even the shittiest coins could enjoy some price growth while doing nothing. This was all long before ICOs and tokens became a thing. Nowadays shitcoins indeed represent the majority of coins, because even if you get a few hundred $$ from your ICO scam, it's still a win because it requires minimal investment to setup.
There won't be any "solution", maybe ICOs and shitcoins will become an established scamming method like MLM or Ponzi scheme, and will exist for as long as crypto exists.
Can't say no, erc20 smart contract has the highest scam projects in crypto space because tokens are lot easier to build on ethereum than anywhere else, but we still have some bad ass tokens that perform well than coins with separate blockchain in crypto space, this is where you are wrong.
That's because scammers have found a loophole where people trust in blindly and casually invest without even giving a second thought. ERC-20 is just a kinda platform for new projects to work out and raise money and is very popular. And, wherever there is interest there will always be scammers, you can't get away from them entirely but yeah if you check advices and warning carefully there is chance to escape from them or avoid falling into scam trap.
They find out how easy it is to collect money from investors, but there is a rule when more people come with the same idea, this idea stops being interesting because people will learn from past mistakes and they will consider whether they will make the same mistake again. So, yes, for now, but I believe in the future the equilibrium occurs again and more interesting projects come.
I know its all project to project and its not really that common for a project to succeed, of course there is a chance for a project to succeed but at the same time even if a project is not a scam, it gets to a point where its very hard to be a good project as well. Of course they all do it to make money, why would they do it if it wasn't for money, but at the same time they are not really against you making money neither, if they can profit while you profit thats even better, hence they will definitely work for that. If that fails they will move to second option which would be them making profit while you don't. Only if they can't make a profit and you can't make a profit is actually when they failed miserably which happens a lot as well.
Can't say no, erc20 smart contract has the highest scam projects in crypto space because tokens are lot easier to build on ethereum than anywhere else, but we still have some bad ass tokens that perform well than coins with separate blockchain in crypto space, this is where you are wrong.
if you say 99% I don't agree because there are still a few projects that are still worth investing in maybe if you say 80% then I can agree and to avoid that it is better to invest in altcoins that are truly developed
I agree with you, not all projects are scam, and he says 99% is a scam, if he is more careful in choosing projects, then there will be a lot of projects worth investing in.investing in IEO will not guarantee a good investment for long term they are only good for short term investment. Even investors on popular exchange know that , that's why many of the investors selling their coins if they see that the project they invested give already a profit from them ,and find another new project to be invested.
To me many new projects are here today just for your money, you invest in them and you make them rich, that's why we keep seeing unqualified people becoming developers, it's always about the money, I wish crypto projects are much harder to built, maybe only few scam projects will exists...... I know how easy it is to built erc20 token and website too, God have mercy on investors, I hope solution comes soon
Can't say your claim is 100% wrong because there are many proves in crypto history already since 2017, till date many projects that raised hardcap successful are dead, not entirely all of them but many, in fact too many, it's like investors are making developers rich.To me many new projects are here today just for your money, you invest in them and you make them rich, that's why we keep seeing unqualified people becoming developers, it's always about the money, I wish crypto projects are much harder to built, maybe only few scam projects will exists...... I know how easy it is to built erc20 token and website too, God have mercy on investors, I hope solution comes soon
Can't say your claim is 100% wrong because there are many proves in crypto history already since 2017, till date many projects that raised hardcap successful are dead, not entirely all of them but many, in fact too many, it's like investors are making developers rich. if you say 99% I don't agree because there are still a few projects that are still worth investing in maybe if you say 80% then I can agree and to avoid that it is better to invest in altcoins that are truly developed
I agree with you, not all projects are scam, and he says 99% is a scam, if he is more careful in choosing projects, then there will be a lot of projects worth investing in.investing in IEO will not guarantee a good investment for long term they are only good for short term investment. Even investors on popular exchange know that , that's why many of the investors selling their coins if they see that the project they invested give already a profit from them ,and find another new project to be invested.
why would they sell when they already earn a profit ? what if the project was great and thier instincts were wrong ? .
their move looks like hit and run , and they treat ieo as a cloud mining , pump and dump , or other kinds of ponzis where you can only get profit at the start and you must leave asap in order to not get scammed but thats them . there are still people that believes on the potential of ieo's and they treat ieo as different compare to others .
if you say 99% I don't agree because there are still a few projects that are still worth investing in maybe if you say 80% then I can agree and to avoid that it is better to invest in altcoins that are truly developed
I agree with you, not all projects are scam, and he says 99% is a scam, if he is more careful in choosing projects, then there will be a lot of projects worth investing in.investing in IEO will not guarantee a good investment for long term they are only good for short term investment. Even investors on popular exchange know that , that's why many of the investors selling their coins if they see that the project they invested give already a profit from them ,and find another new project to be invested.
I don't agree on this, how can you say 99% of new projects are scam? I know many new projects are money grabbers like you said but not up to 99%, thats not different from 100% of all new projects out there, to this day some new projects still have good use case and they raise funds successful, I can never forget Gowithmi and few new projects
Yes, if we look at the percentage is indeed large and many are scam, but it does not reach 99% although it exceeds 90% if we summarize it in general, because until now there are still projects that are worthy of being followed by everyone. 
To me many new projects are here today just for your money, you invest in them and you make them rich, that's why we keep seeing unqualified people becoming developers, it's always about the money, I wish crypto projects are much harder to built, maybe only few scam projects will exists...... I know how easy it is to built erc20 token and website too, God have mercy on investors, I hope solution comes soon
I don't understand your whining.Is somebody forcing you to invest your money in those projects?
Cryptocurrency transactions are irreversible and all those crypto startup projects are extremely risky(if they are not complete scams). By investing in them,you agree with their terms and you rely on their promises.There's no signing of contracts,there's no legal guarantee for your investment.
Do you really believe that you will get any return of investment out of a crypto project?
Ninety nine percent ?? 
that's a bit over exaggerating, I can mention many erc20 tokens that are doing very well since 2018 and even this year we have few ones that are working really well, maybe you've experienced bad results from the ones you choose, if that's the case the fault is yours, you don't do enough research
that's a bit over exaggerating, I can mention many erc20 tokens that are doing very well since 2018 and even this year we have few ones that are working really well, maybe you've experienced bad results from the ones you choose, if that's the case the fault is yours, you don't do enough research 
It is an already known fact that many new projects nowadays are just here for the money and nothing more but however I think 99% is too much maybe within the range of 80-90% are scams. Nowadays we see projects copying others, some even go as far as copying their whitepaper, some are only but filled with hype which makes the project pump in the initial stage and after that, it comes crashing. With all these experiences with new projects it is better going for only those with working products backed by a strong team.
That percentage from OP is very exaggerated since there are still projects who also progressive and still trying to add value from this spacethey are trying to improve and show investors the value of their money.
We can't deny the fact that majority of those developers are here to earn decent out from what they've created, though the main concern
is the intentions where most those developers falls in scamming investors fund.
There's always a higher chance of being victimized if you will not equipped yourself doing research and study those people behind each projects
and what value to the industry that they are adding with.
I don't agree on this, how can you say 99% of new projects are scam? I know many new projects are money grabbers like you said but not up to 99%, thats not different from 100% of all new projects out there, to this day some new projects still have good use case and they raise funds successful, I can never forget Gowithmi and few new projects
Ok then Name us at least 5-10 Legit projects that can be a good to invest in the next months or years?
so aside from that Gowithmi what other projects?
if you say 99% I don't agree because there are still a few projects that are still worth investing in maybe if you say 80% then I can agree and to avoid that it is better to invest in altcoins that are truly developed
I agree with you, not all projects are scam, and he says 99% is a scam, if he is more careful in choosing projects, then there will be a lot of projects worth investing in.
I don't agree on this, how can you say 99% of new projects are scam? I know many new projects are money grabbers like you said but not up to 99%, thats not different from 100% of all new projects out there, to this day some new projects still have good use case and they raise funds successful, I can never forget Gowithmi and few new projects
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