Topic: Popular projects and none popular projects - page 3. (Read 944 times)
If we go back to the present in both, a lot of incident happened. Even the most popular and reliable projects were abandoned. I think popularity is an important concept, but I think your priority should be other elements of the project. If a project is really consistent, it is already popular or will be. I don't understand why people invest just because a project is popular. Anything can happen in this market at any time, so you have to be careful and distribute everything.
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.
Cryptocurrencies are always dynamic and make us have to always follow developments, many investors do not care about developing by buying and then save on wallet, when there is a case of hack and making users have to send token again and with a time limit then if it's too late it will make us lose assets.
But there is another factor apart from popular projects for security when investing, namely the platform. Because a good platform is a platform that already has permission from the authorities. So this will add security when we make investments. So be careful when you invest in a coin that is on a new platform. Because the risk of loss is something that you will bear alone
Permission from the regulators are not always become the key to make your money safe. Remember that you can't know easily which platforms that have been fully cooperated with regulators. Some of platforms that called by people as trusted platforms have become scam platforms. The main thing is popular has lesser risk compared with the unpopular project. There are so many scam tokens in the market. These tokens were starting from anonymous developers.
It means, there are "some" platforms that you can trust, and won't turn into a scam, I am not saying it won't fail, projects could fail at any moment, but there is a difference between failing and scamming people.
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
Investing in a project is taking risk. No matter how popular or unpopular a project is, there is always a possibility that it can turn a scam. There are known projects in the industry that was very popular but in the end, it turns out to be a scam.
Back when cloud mining is popular, there are projects created that were so popular it generates a huge amounts of investment through selling hashes, at first they were ok but just months after they stop paying their client and sometimes declare bankruptcy and shut down. Some of these cloud mining company scam had been brought to court but some just poof in the thin air because the owner is unknown.
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 are no guarantee about safe investment in cryptocurrency because it’s not a stable market. Popular project, do you means old top ranking projects? Even those aren’t 100% guaranteed investment, you know about luna which is billions dollars project but it was collapsed within a few days it’s unbelievable but luna can be big example. 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 are a lot of examples when popular projects subsequently became bad. You were even given examples of different projects here. Much depends on the team and the usefulness of the provided product of any company. And the point is not that the project initially had the purpose of fraud, but that the product provided did not have further qualitative development. There is no guarantee that your money will be completely safe even if you invest in popular projects. but at least only minimize the risk.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
Yes, they are just to reduce risk for us, there is no 100% guarantee for us including bitcoin. Cryptocurrencies are the riskiest investment market, so invest as much as you can lose and diversify your investments, don't invest it all in cryptocurrencies. Maybe besides cryptocurrencies, there should be other investments like gold or forex...
This comment is not accurate. Gold and forex are not high volatile asset like cryptocurrency. You will just few profit even if you invest on gold for a long time since the price growth is not that huge since then compared on crypto that can gain 100% or more with just a single day. It's improper to categorized gold and forex as same high risk as crypto without checking first the volatility of this assets.
It means, you could trust into the big ones and it is not unique for them to turn out to be scam, but it is uncommon at least, whereas brand new projects or non-popular projects could turn out to be a scam easier, and that is the risk you are taking with them, it is pretty common for those ones to turn out to be a scam. I personally still go with top 10 just in case.
Most of these people would not take our advice to stay with the top 10 and rather for the least 10 thinking that these are going to go up all of a sudden. If they reveal properly, you will find out that they were suggested to buy them from some pump and dump group, after which the owners dumped.While stocks work differently, crypto has its roots in bitcoin. Buying bitcoin would be the safest thing to do in any bear market. But possibly not the biggest profit margin on the bull market even thought its instantaneous price is pretty big. Altcoins which are shitcoins would never be able to counter the same. Newly launched popular projects are even less likely after the hype starts going down.
if what you mean by popular is having high market capitalization then it's no brainer that investing in these coin will have less risk of making you lose your money, you see the volume is already different and usually what matters most is the liquidity, there is no use of investing if there is no liquidity, therefore liquidity matters and usually coin with higher market capitalization have higher volume meaning higher liquidity.
A large market capitalization is not yet a reason to invest in a coin, besides this, you need to study the project well, how it implements everything that it has planned, is there a working product, where is the price of the coin at the moment, it a strong decline now, or on ATH, etc. As for liquidity, I don’t think that you will drop such large amounts that you won’t have enough current liquidity, but if we are talking about an outright scam, then in this case it’s not even worth considering for investment. 
There is no guarantee that your money will be completely safe even if you invest in popular projects. but at least only minimize the risk.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
Yes, they are just to reduce risk for us, there is no 100% guarantee for us including bitcoin. Cryptocurrencies are the riskiest investment market, so invest as much as you can lose and diversify your investments, don't invest it all in cryptocurrencies. Maybe besides cryptocurrencies, there should be other investments like gold or forex...
it's important to diversify whether it's an investment or a portfolio and at least it can minimize risk,
the most important thing before making a decision do research and analysis first
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 you invest with popular projects that have been proven that they have been able to survive in the long term such as Eth, Bnb and some other top popular coins then I think it will not be too risky and we don't have to worry if one day they will commit fraud because if they If they do that, they have to deal with the SEC, as currently experienced by DoKwon, where he has become a fugitive because of a fraud case against the Terra platform. legendary
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But there is another factor apart from popular projects for security when investing, namely the platform. Because a good platform is a platform that already has permission from the authorities. So this will add security when we make investments. So be careful when you invest in a coin that is on a new platform. Because the risk of loss is something that you will bear alone
Permission from the regulators are not always become the key to make your money safe. Remember that you can't know easily which platforms that have been fully cooperated with regulators. Some of platforms that called by people as trusted platforms have become scam platforms. The main thing is popular has lesser risk compared with the unpopular project. There are so many scam tokens in the market. These tokens were starting from anonymous developers.
There is no guarantee that your money will be completely safe even if you invest in popular projects. but at least only minimize the risk.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
Yes, they are just to reduce risk for us, there is no 100% guarantee for us including bitcoin. Cryptocurrencies are the riskiest investment market, so invest as much as you can lose and diversify your investments, don't invest it all in cryptocurrencies. Maybe besides cryptocurrencies, there should be other investments like gold or forex...
Everything in life always has a risk, so don't think too straight in dealing with something. That is in every decision in life we must think
carefully first, so that we are not wrong in making decisions. Likewise when it comes to investing in crypto, there are many things that
we have to consider, otherwise we will do something wrong. As you said investing in crypto has a very high risk, including investing in Bitcoin.
Because if we don't know how to invest in Bitcoin, it's certain that we will experience losses.
That's why I always recommend not rushing into the crypto world. Because if we don't learn how the crypto world works, we will definitely
make the wrong decisions. Because investing in crypto is not as easy as imagined, it's not just buying at a low price and selling it at a high price.
There are many complicated things that we will experience when we enter the crypto world, so learn well about the crypto world, then we will
know how to minimize the risk.
There is no guarantee that your money will be completely safe even if you invest in popular projects. but at least only minimize the risk.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
All assets in the crypto market are risky. and we only try to minimize the risk to gain profit.There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.
investing in popular projects does not cover the risk of market fluctuations. it can make us lose or even make us in a scam project.
what happened to LUNA certainly teaches us an important lesson. how we are not completely risk-free investing with popular projects.
if what you mean by popular is having high market capitalization then it's no brainer that investing in these coin will have less risk of making you lose your money, you see the volume is already different and usually what matters most is the liquidity, there is no use of investing if there is no liquidity, therefore liquidity matters and usually coin with higher market capitalization have higher volume meaning higher liquidity.
Popular and established projects are far less likely to become a scam. There is almost zero chance Bitcoin becomes a scam. With more centralized coins it is a bigger risk. I would stay away from XRP and AVA. I think BNB, Cardano, and Solana have some risk but I don't worry as much about them collapsing and going to zero. Litecoin and Monero I would consider very safe but I also don't think there is as much of an upside to their price.
Let's define what "popular" is meant for everyone.
Popular by hype?
Popular as it's now established?
Popular just on what you think?
Technically, there's no way we can determine if a certain project will turn into a scam but for an already established project that already reached the status of being a well-known popular, the risks of being scammed won't likely happen.
We have to define the word popular that is commonly used, but believe me that popular is not a guarantee of top projects because new can also be popular due to hype under certain conditions, I am very experienced in reviewing previous popular projects that have turned into scam projects because the team only uses hype to improve project quality but for the purpose of increasing the market price and then they tear it down from selling the token allocation from the team, so stick to top projects or top coins if you are interested in investing. Popular by hype?
Popular as it's now established?
Popular just on what you think?
Technically, there's no way we can determine if a certain project will turn into a scam but for an already established project that already reached the status of being a well-known popular, the risks of being scammed won't likely happen.
If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?
Everything could happen on this unpredictable and anonymous market.We've seen how those big platforms turns out to be a shit company after they've decided on scamming out their users.Its normal that we could really able to categorized those projects basing up into their utility and main support on the community.This is what makes things even more harder to choose on what
project you would really be investing yet there are projects which do shit looking but actually does have the potential on being supported on near future and since the price is cheap
then you would really be expecting something to be positive and this is why some people do really eventually took risk on investing on it.
Yes, popular projects can easily turn out as scam or a big failure. You must have already heard of the case of Terra (Luna). If you haven't yet, read about it. Other than that, the altcoin market is full of such stories. If we trace its history back to the times when ICO is very popular, even those projects that managed to sold out their hard caps in a matter of hours or few days end up scams or big failures. That is why at this point, it is only Bitcoin that you can rely on. Or perhaps an altcoin or two.
It takes time for the luna team to declare that their project was a scam. I think that's because they want to gain the trust of the people first because they can scam more money that way than if they perform the scam too early. The only problem is that the charges or the consequences that they are going to be face is also big.We should not base on the popularity of the project alone but we can also include their age. If the coin has aged a lot like eth and btc, and it is still popular then it's a big sign that they are safe and still profitable. Non popular projects on the other hand can still pump. This is where you can find hidden gems but we must be careful on picking them.
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