I'm not sure and can't guarantee it's a hundred percent safe. Do you remember LUNA a few months ago?. they were even that famous but they became the project that collapsed first. Projects that we know are worth investing in, great potential and have great popularity like LUNA alone don't guarantee it will keep our money safe, always use research and target when you get out of there.
there is reason why it's very recommended that if you invested in something you should always gets updated with the news involving the project you are invested in, it's because case like luna, if you have invested in luna and know that luna is gonna collapse, you could save your investments ahead everyone else, it's same with the other coin, still doesn't change the fact that famous coin with higher market capitalization have lesser chance of collapsing than the other. 
Topic: Popular projects and none popular projects - page 2. (Read 964 times)
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
If it's only driven by hype then there is a high chance for it to become a scam. You should not only base on the projects' popularity when you want to invest on it. You should also check its background like who the developers are or checking its roadmap or utility to see if it has a potential.
Just look at shitcoins now, they were very popular last year even if many of them have no real utilities. Many people bought them because it was hyped on the social media. Now their value is worthless and its developers already abandoned their project.
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
Everyone cannot guarantee this risk, and no one will know that they have plans other than establishing a project, we know crypto must have a strong mentality because risk can happen at any time, to ourselves, if you invest in popular projects at least just take the moment, don't have to wait long, at least you have benefited from your investment, if you have made a profit then leave the project, because popular projects can change from their goals at any time, because we know this is not the right time to invest even though there are many popular projects out there, it doesn't mean we invest in random projects, because we also have to know the project, their purpose in developing the project, if we are not careful, then it will harm you in the future, if you intend to invest, no need to spend too much of your funds to invest, so at least you can expand your funds in all projects that have popularity that you think are good to invest in, it doesn't need to be long, you only invest short term..
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They could turn out to be a scam. I think being popular is not enough to make our assets safe, we better research in depth about which crypto coins are really good for the long term so that our assets are safe. I'm sure no crypto coin is one hundred percent safe, the problem is that hackers are getting more and more powerful nowadays, so be careful about storing any assets.
True. Luna was also a very popular coin among the big investors but it can make all of investors loosing their money in only two days. That proves that how popular the coin will not give any guarantee if that will become a safe asset. Even bitcoin is not a safe coin too. I think that people were not taking this as their main concern and they keep thinking popular token was a safe place to store their money or used it as store of value. 
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
A project been Popular doesn't mean a project is scam free, scammers can go extra miles just to make their projects look legit. Scam doesn't only mean when a project vanish after raising money through ICO. Some projects develop and launch then forget about the project and it dies down slowly, that too can be called a scam while others their smartcontract get exploited and huge some of money are stolen that destroy the project. When the project developers abandon such project it can also be said to be a scam.
We have had Ponzi scheme scam in the industry that was very popular and many lost money. Most of the popular stalking projects with tokens can also become a scam as scam doesn't have any boundaries. It can be found both in popular project and those yet to be known although majority are in the less popular ones as they can easily scam without getting the media attention.
When the market is bearish then this becomes a big test for projects, many projects are impatient so that they slowly become scams, and this usually happens to large projects that are no longer available in the market, and this is certainly a lesson that we must always monitor assets every day.
Those project have been designed to be scam projects. I thought that if the project has been running by honest developers and im sure that if project will still alive no matter what happened with market. There are so many projects that are continue developing their platforms. Im still watching low cap projects that are still actively developing during the bearish market. I think that your statement was not true. the reason is bad market conditions. which means that the developer does not have enough funds and creativity to keep the project afloat.
this is reminiscent of the popularity of ICO projects, even though market conditions affected sales and project development. but we can see the seriousness of the developer when in a tough market situation.
When the market is bearish then this becomes a big test for projects, many projects are impatient so that they slowly become scams, and this usually happens to large projects that are no longer available in the market, and this is certainly a lesson that we must always monitor assets every day.
Those project have been designed to be scam projects. I thought that if the project has been running by honest developers and im sure that if project will still alive no matter what happened with market. There are so many projects that are continue developing their platforms. Im still watching low cap projects that are still actively developing during the bearish market. I think that your statement was not true. 
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
Not all popular projects can provide a sense of security for placing money in your investment. Terra Luna and other coins were once popular, but ended very tragically.This overview is a small sample for your decision-making, it is worth noting not only the popular level, but the strength of the coin that can withstand any conditions and better take on a role in a project that has slowly increased, but has strong support.
one of the main reasons to invest is to research carefully what projects we are going to invest in, especially when it is bearish, there are many new projects that are being pioneered but if they are not strong they will stop in the middle of the road and end up being a fraudulent project
In cryptcourrencies is difficult to guess, maybe now there are projects that we think are small but after a few years become big, this makes us have to always be realistic that anything can happen, if we focus on profit then choose coins that have great potential to skyrocket.
the thing that matters is the development shown by the project itself I guess since even popular coin could lose their standing if they didn't meet their promise, just like how luna failed in taking care of their ust that make them gets abandoned and with a series of foolish decision in trying making a recover for their platform instead it goes even lower.Definitely not something that has gone down more than 99.99% because that turned millions of dollars into pennies and there is no recovery from that ever again, it requires way too much money to be invested again in order to at least recover others money, and the ones who do end up selling and that requires even more buying, and there is not that level of buying for a project that already failed.
When the market is bearish then this becomes a big test for projects, many projects are impatient so that they slowly become scams, and this usually happens to large projects that are no longer available in the market, and this is certainly a lesson that we must always monitor assets every day.
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
You need to know that investing need to some certain research do that you can be rest assure that what you are investing in can give you some assurance that you investment is safe and can bring something good to the table. Investing also need to aware that anything can happen in the crypto market that can cause a lot some difficulties to investors if the project eventually becomes rug pull. We need to understand that the market is full of scam project and some project that has weak team backing it can end up become a rug pull or a coin that will never go bullish even in a long time. 
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
There is very little that is safe in this crypto currency. But some cases are safe.As we saw a few days ago Tera Luna was a popular and good quality platform.People believed a lot and got enough popularity.For some reason that project turned into a scandal.So from here we can say that popular projects often turn into scams. It is said that there is very little that is safe in cryptocurrencies.If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
Being popular doesn't mean you are in a safe project. There's no such thing as 100% safe in any project however if the project already established a good community, and foundation, and working for several years already, it unlikely won't turn into a scam.
My advice is, for now, try to stay away from investing in new projects. I'm not saying it's not good to put money on new projects but you are not ready yet to face the risks of doing that. Build experience first and as soon as you can now determine if that new project is good or not, then you can now take yourself to another level of risks and challenges.
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
There is very little that is safe in this crypto currency. But some cases are safe.As we saw a few days ago Tera Luna was a popular and good quality platform.People believed a lot and got enough popularity.For some reason that project turned into a scandal.So from here we can say that popular projects often turn into scams. It is said that there is very little that is safe in cryptocurrencies. In cryptcourrencies is difficult to guess, maybe now there are projects that we think are small but after a few years become big, this makes us have to always be realistic that anything can happen, if we focus on profit then choose coins that have great potential to skyrocket.
the thing that matters is the development shown by the project itself I guess since even popular coin could lose their standing if they didn't meet their promise, just like how luna failed in taking care of their ust that make them gets abandoned and with a series of foolish decision in trying making a recover for their platform instead it goes even lower.If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
No project is 100% safe from scams and hacks but if VC firms like Pantera Capital and DCG are involved, then the project has been researched thoroughly and should be considered safe. Also, projects that are implementing ISO20022 compatibility like XLM, XRP and ICP should all be safe too because that is the standard for CBDCs and not any company has the ability/approval to transfer those kinds of assets. What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.
That's the difference between popular projects and top projects, even popular projects are not guaranteed to be trusted for the long term, the Luna crash condition is very worrying because people trust investment in popular projects and ignore trust in top coins like ETH and BNB.
What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.
That's the difference between popular projects and top projects, even popular projects are not guaranteed to be trusted for the long term, the Luna crash condition is very worrying because people trust investment in popular projects and ignore trust in top coins like ETH and BNB. If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.Jump to: