Scammers only take advantage of original projects and make their scam projects from it. Meta is strongly booming at the moment and many scam projects are emanating from it and this is not only the focus many scammers still exist in other projects as well. One has to be wise enough and engage in serious research to avoid been scammed.
check this out
Topic: Now it's meta here and there - page 3. (Read 709 times)
Scam projects doesn't need to be named Meta or whatsoever. I'm sure you know that there are scam projects that doesn't have Meta in its name. This is why we should do a lot of digging and research to know if a project is scam or not. I have found a project where I thought it's a scam but few months later I made profit from my investment. You may say that we should avoid all projects with a meta in its name but that's only a small part of it. You should know that every place does have a scammers.
Metaverse had made hypes before its launch which makes people have interested but showing how they performed, people become doubtful of their credibility. Plus the number of scam projects arises, that I think need more attention and be wise enough upon choosing them. I know this is very common nowadays but having aware of the situation and with the full knowledge of what we do before investing, I guess we can avoid investing in these scam projects.
That's why I don't really like projects that rely on hype to run them, indeed not all metaverse development concepts rely on hype, but many cases nowadays they only rely on ongoing hype, everyone should pay attention to this very carefully, otherwise they want to get involved in fraudulent projects, because the more projects that appear, the more difficult it is to analyze, so be careful now if you want to start investing
Metaverse had made hypes before its launch which makes people have interested but showing how they performed, people become doubtful of their credibility. Plus the number of scam projects arises, that I think need more attention and be wise enough upon choosing them. I know this is very common nowadays but having aware of the situation and with the full knowledge of what we do before investing, I guess we can avoid investing in these scam projects.
To all newcomers on here pls be careful with projects that start with the name "META" because they are mostly scam projects, since metaverse have become another hot cake in crypto world today this scammers are fully ready to use this on the unknowns, open your eye and do good research before taking that risk... Meta this and mate that are the most dangerous projects today, stay safe.
Scammers never waste an opportunity to make some quick money in the markets and they will take advantage of everything they can, and without a doubt right now it seems meta coins are all the rage in the market since we are seeing a considerable amount of new projects related to the metaverse being released each day, unfortunately as you state the majority of them are scams, after all when we begin to think about it a little bit it is easy to see we do not need hundreds of coins doing the same thing, and as such the majority of them will eventually disappear.how many hypes have passed and yet, the strategy of these scammers is to ride and get on it while they can? it is no surprise why more and more meta projects are sprouting as they can scoop up gullible investors. they will only stop once people realised they are being screwed by these projects. but up until they can extract some money from these people, they will. you are on your own here. if you are an investor, you should always do your due diligence. no one can do it for you. every hype, there will always be scammers. it it their breeding ground to multiply fast.
To all newcomers on here pls be careful with projects that start with the name "META" because they are mostly scam projects, since metaverse have become another hot cake in crypto world today this scammers are fully ready to use this on the unknowns, open your eye and do good research before taking that risk... Meta this and mate that are the most dangerous projects today, stay safe.
Scammers never waste an opportunity to make some quick money in the markets and they will take advantage of everything they can, and without a doubt right now it seems meta coins are all the rage in the market since we are seeing a considerable amount of new projects related to the metaverse being released each day, unfortunately as you state the majority of them are scams, after all when we begin to think about it a little bit it is easy to see we do not need hundreds of coins doing the same thing, and as such the majority of them will eventually disappear. 
snipped
That is why I'm saying we have "not to invest" if we are not sure. Considering the situation that the majority of these projects ended up scamming, the more we be careful choosing on them. And rightly choosing an investment will give us profit after but if we fall into scam project, I don't wonder why hearing people blaming the market but I think it was wrong, we instead blame ourselves.
Well, just to hope all of them will become transparent in order for us to know who is legit and who is not. But I think not all of them will do the favor and not even the guarantee to say they are not scam.
It means that we are talking about something that will be a bit more profitable. Plus, projects still could go up a lot after the first 6 months, look at the increases after the first 6 months on most projects and they are all still very profitable.
To all newcomers on here pls be careful with projects that start with the name "META" because they are mostly scam projects, since metaverse have become another hot cake in crypto world today this scammers are fully ready to use this on the unknowns, open your eye and do good research before taking that risk... Meta this and mate that are the most dangerous projects today, stay safe.
ICO's are the hype a few years ago. Many developers and fake ones created their own project and scammed people.IEO's are the hype a few years ago. Many developers and fake ones created their own project and scammed people as well.
DeFi's are also the thing a few years ago. Many people created their own DeFi project and scammed investors.
Now aside from Meta-thingy, NFT's are also the hype as of this moment but now decreasing. We've also seen different projects that ended up as a scam.
My point? Whether it is related to metaverse or related to NFT or whatever that is hype, there will be investors who will get scammed anyway. We are always educating people to do research and do this and do that but still there are some who are falling into scammers. Most of them are doing common ways to scam people but there are some who are falling into it. Being knowledgeable before investing will help you not get scammed so learn first.
People had become more aggressive when there are new projects, especially if that is very popular. Like NFT, Metaverse had also its way to gain attention but scammers are taking advantage of this, they create scam projects that ruin everything.
Now, it is the wisest thing to do is not to invest in them if we are not sure about the project, in fact, there are a lot of potential coins in the market where we know it can really be trusted and profitable. We don't need to waste our time with them.
I would say "not investing" is not the right approach. Due diligence is a better way to approach it. If you end up completely zoning out of it and not looking at it, you are not going to lose money but you won't make any profit neither. However, if you end up searching for the good ones, and do your due diligence properly then you are going to end up with a proper profit, and that is what matters.Now, it is the wisest thing to do is not to invest in them if we are not sure about the project, in fact, there are a lot of potential coins in the market where we know it can really be trusted and profitable. We don't need to waste our time with them.
I personally think that the greatest thing a crypto company could do right now (NFT project or meta or whatever) would be giving all the data you may request. If they did all of it and you can find every single detail on the project, then you could actually find something that will go up.
Considering the situation that the majority of these projects ended up scamming, the more we be careful choosing on them. And rightly choosing an investment will give us profit after but if we fall into scam project, I don't wonder why hearing people blaming the market but I think it was wrong, we instead blame ourselves.
Well, just to hope all of them will become transparent in order for us to know who is legit and who is not. But I think not all of them will do the favor and not even the guarantee to say they are not scam.
its just because seeking investment by using the metaverse idea is a lot more easier than just bringing their idea that sometimes are rather ridiculous and mostly obscure. The main thing that can be learned is scammers are adapting with every trend in the crypto. This time they are creating scam meta but maybe in the next years they will be creating another scam project based on the new trend that will be coming in the future.
regardless, its just like the past when dogecoins are becoming a big thing, most of the newer coins trying hard in imitating the success of dogecoin of course vast majority of them just becomes such a failure but regardless some of them are
having a really good flow of investment which ofcourse coming from some newbies that still in phase of speculating. its just how the trend works. The scammers are aware if they must follow the trend to be able to trap the potential investors for the legit tokens.
regardless, its just like the past when dogecoins are becoming a big thing, most of the newer coins trying hard in imitating the success of dogecoin of course vast majority of them just becomes such a failure but regardless some of them are
having a really good flow of investment which ofcourse coming from some newbies that still in phase of speculating. its just how the trend works. The scammers are aware if they must follow the trend to be able to trap the potential investors for the legit tokens.
Reality is that scammers follow where the money is. If you see a few scams making money from metaverse, you will see a thousand of them following those. There are too many people investing into scam projects and that is why we ended up with more and more scam metaverse projects. It doesn't mean that we should be investing into them, surely we need to do our research but unfortunately there are too many people who do not and end up getting scammed, so scammers keep doing it more and more. This was true for ICO phase, it was true for STO, it was true for DeFi, true for Collectibles, true for NFT nad now true for Meta as well. As long as people keep falling for scammers, those scammers will keep doing it.
Most people are attracted by good promises and mostly newbies are being victimized because they don't know yet how scammers move to gain the interest of unknowingly public. Definitely, a lot will ride the metaverse hype and try to screw these naive people. Because a lot of them are after for the possible easy profits but they will only end up to losing their hard-earned savings. If you are not really cautious with this market, they will exhaust all your funds for nothing. So if you are in doubt, better do your research or just stick to projects that you know are already established in the trading market.
They are using the words metaverse very loosely on their projects that the word no longer bring excitement to me, nor do I expect anything spectacular to come out of it anymore. There aren't anything great that came out very recently that is associated with 'metaverse' anyway, so best to put your expectations on the low low when it comes to such projects and just stick with what the market offers currently.
Lots of big names may have been into creating the metaverse but I don't think it's something to look forward to short-term.
Lots of big names may have been into creating the metaverse but I don't think it's something to look forward to short-term.
Reality is that scammers follow where the money is. If you see a few scams making money from metaverse, you will see a thousand of them following those. There are too many people investing into scam projects and that is why we ended up with more and more scam metaverse projects. It doesn't mean that we should be investing into them, surely we need to do our research but unfortunately there are too many people who do not and end up getting scammed, so scammers keep doing it more and more. This was true for ICO phase, it was true for STO, it was true for DeFi, true for Collectibles, true for NFT nad now true for Meta as well. As long as people keep falling for scammers, those scammers will keep doing it.
Currently metaverse is one of the projects that does have a bright future, since the first present this project is very much interested by many investors, but on this occasion many people who want to benefit by making a scamer project that is based in collaboration with the metaverse in order to easily get victims, then we must be very careful not to be harmed by them, Every project we participate in is mandatory to see the team that manages and whitepapers so that it is not easy to get into scamers.
the fact is that nowadays people are more interested in hype and tempted by projects in the name of cooperation or metaverse based tokens without doing deep research first, I think we should always be wary of new projects because like you said right this is an opportunity for scammers take action, to avoid it we better not be greedy to get a profit as well as stay focused on tokens that have strong fundamentals so that our investment will remain safe even though the market is critical as it is now,
People had become more aggressive when there are new projects, especially if that is very popular. Like NFT, Metaverse had also its way to gain attention but scammers are taking advantage of this, they create scam projects that ruin everything.
Now, it is the wisest thing to do is not to invest in them if we are not sure about the project, in fact, there are a lot of potential coins in the market where we know it can really be trusted and profitable. We don't need to waste our time with them.
I would say "not investing" is not the right approach. Due diligence is a better way to approach it. If you end up completely zoning out of it and not looking at it, you are not going to lose money but you won't make any profit neither. However, if you end up searching for the good ones, and do your due diligence properly then you are going to end up with a proper profit, and that is what matters.Now, it is the wisest thing to do is not to invest in them if we are not sure about the project, in fact, there are a lot of potential coins in the market where we know it can really be trusted and profitable. We don't need to waste our time with them.
I personally think that the greatest thing a crypto company could do right now (NFT project or meta or whatever) would be giving all the data you may request. If they did all of it and you can find every single detail on the project, then you could actually find something that will go up.
People had become more aggressive when there are new projects, especially if that is very popular. Like NFT, Metaverse had also its way to gain attention but scammers are taking advantage of this, they create scam projects that ruin everything.
Now, it is the wisest thing to do is not to invest in them if we are not sure about the project, in fact, there are a lot of potential coins in the market where we know it can really be trusted and profitable. We don't need to waste our time with them.
Now, it is the wisest thing to do is not to invest in them if we are not sure about the project, in fact, there are a lot of potential coins in the market where we know it can really be trusted and profitable. We don't need to waste our time with them.
And together with that people don't trust projects with a closed source code because they believe it's a scam. But such developers simply want to keep their project safe. I know what I'm speaking about as I use Utopia p2p ecosystem which has a closed source and all the complaints around it is dedicated to that fact. It continues for 4 years already. How to deal with that?
A lot depends how useful will be Metaverse in future.
Metaverses very popular now and they allow a lot of opportunities.
There are a lot of Metaverses for gamers like this https://twitter.com/kusunokitoken/status/1500595135733956609
To all newcomers on here pls be careful with projects that start with the name "META" because they are mostly scam projects, since metaverse have become another hot cake in crypto world today this scammers are fully ready to use this on the unknowns, open your eye and do good research before taking that risk... Meta this and mate that are the most dangerous projects today, stay safe.
It's not weird a lot of people take advantage of something hype. In the past scammers always find a way to scam new people who just join this crypto space that's why before we jump to cryptocurrency we should be not too greedy to profit and learn how scammers scam other people. We should protect each other from scammers and dont become someone who dont care to other people especially new people.
To all newcomers on here pls be careful with projects that start with the name "META" because they are mostly scam projects, since metaverse have become another hot cake in crypto world today this scammers are fully ready to use this on the unknowns, open your eye and do good research before taking that risk...
There are also projects that don't start their names with meta but they're a scam. It still ends up with the content and intent of the project. If they have an intention to scam, they'll scam regardless of their name.Meta this and mate that are the most dangerous projects today, stay safe.
There are plenty of them and you just have to look at what projects are legitimate or else you're buying the projects and believing those scam ones. Just don't look at the name but also what it has, the whitepaper and team that it consists of. To all newcomers on here pls be careful with projects that start with the name "META" because they are mostly scam projects, since metaverse have become another hot cake in crypto world today this scammers are fully ready to use this on the unknowns, open your eye and do good research before taking that risk... Meta this and mate that are the most dangerous projects today, stay safe.
this week there are a lot of scam projects in the name of meta, I don't really understand how the concept of developing this kind of project is, but there is no guarantee for us not to get caught up in it, if there is no strong understanding and knowledge, I agree that now we must be careful in following existing projects, because there are many newcomers or those who have been stuck in this kind of project for a long time, even though everyone's experience is very mature, but they are still stuck in such a situation. Jump to: