Topic: Socials, Altcoins & Reddit & Red Flags help (Read 245 times)

It seems to me that where the information is located does not in any way affect whether it is a fraud or not, do not forget that there are scammers here and on reddit, in my opinion there were a lot of them during the ICO boom

You're right.

About having many followers on different social platforms is still the best for these projects. There's only one meaning on it that they've got a lot of followers.

But it's not the basis of it on how we look at the goodness of these projects although it's really one of the factors that one can consider.

Counterfeit coins are liars, which will only empty your wallet

Of course obviously new coins projects start off on Telegram & Discord and over time build their social presence on the bigger public platforms such as Twitter/Reddit/Facebook etc.

I'm talking about coins over 1 year old and are in the top 100 rank that have no Reddit presence yet. Compare that to newly released Super baby Dogecoin or Super baby Shiba Inu Coin that are ranked no. 9,999 and no.10,000 on coinmarketcap with just discord & telegram presence for example.

Its easy to fool & scam 1000s of followers on discord and telegram but not easy to fool and scan 100,000s of followers or millions of followers on the bigger social platforms right?

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I agree Telegram & Discord you get to have direct communication with the Devs however ask yourself what type of communications are happening there?

If its technical communication where users followers in those telegram & discord groups where the users are in it for the technology or love the tech in that project discussing technical stuff with the devs then thats fine.

However if its not tech users discussing and instead retail investors with no technical knowledge in the project and all they discuss about is price speculation in telegram and discord then that's a red flag correct?

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For me it indicates nothing at all to be honest. In the end the social media channels are just another way of communicating with your investors and everyone else. I also have to say that if i had to choose i would always go for a good telegram group instead of a communication that is only managed in social media like twitter, because in Telegram you often have the direct communication with the Devs and the owners of the project. Especially in new and smaller projects it is not that rare that the Devs are very active in their Telegram chat to answer questions and explain what their projects wants to achieve and stuff like that. I don't really need Twitter.

Oh okay, according to coinmarketcap & coingecko it states these projects have no presence on Reddit. Are those reddit communities the official ones for these projects or created by fans of the project?

The SQUID Game token had huge followers & users on Both Discord & Telegram but I believe no presence on either twitter or reddit correct?

When I say publicly viewable records I mean anyone can view what's been said or what's happening in communities on any device that has a internet connection without the need to download an app or register to log in to view. With reddit this is possible.

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Can you get kicked out by a moderator or admin on telegram or be muted or whatever? If so there must be a admin or mod.

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I'm talking about altcoins & tokens that are older than a year within the top 100 ranking. It is highly unlikely for a coin or project that is newly released to have good socials presence with huge followers straight away or be in the top 100 rank unless its pumped straight away.

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I don't think that's a problem, even if you don't have presence in Reddit you can still make good altcoin in regards with Twitter I think Twitter is good for advertising and updates and on socials such as Discord and Telegram it's also good because you have a direct interaction with your investors and your community wherein you can exchange ideas and receive feedback to your community.

But it's much better if you have appearances or exposure to any social media platforms and probably in youtube and other platforms.

Any social platform where these projects are staying and have their community shouldn't be ignored. So what if they've got thousands in discord and telegram?

That's still a lot of following and they can just start out their FB/Twitter accounts for just the updates of the projects that they work on. It's just a matter of where they're being followed and where their community is staying.

Actually, I am used to thinking that altcoins that are included in top-100 on coinmarketcap are really worthy, so I follow the strategy of investing in such not very popular altcoins with good fundamentals from this table, so maybe the coin you have come across will be a new gem that is not very popular now, so you had better do a closer research.

Telegram groups are very important for coin developers, or for those who already have coins in the exchange with a top 100 rating. Investors will of course discuss there about the future targets of the crypto being developed. While twitter is only for those who want to express their sensations. There are no scammers in Telegram which are strictly controlled by the admin. The Binance telegram group has 200k members, every day 20k active people who are constantly discussing the future of crypto.

It is nice that you mentioned a couple of examples purportedly supporting your speculation.

For Chiliz (CHZ), here is their Reddit account: https://www.reddit.com/r/chiliZ/. It has more than 27,000 members and their community is created on Apr 24, 2018.

For SushiSwap (Sushi), here is theirs: https://www.reddit.com/r/SushiSwap/. The community has 8,700 members. It was created on Aug 29, 2020.


Anybody can divulge what is being discussed through PM. Moreover, Telegram and Discord are not exclusively for two persons privately communicating. Channels are public, not private. Every message could be read by the hundreds or thousands or tens of thousands of members. And anybody could freely enter most channels.


I'm afraid this is not what decentralization in crypto means.


That's basically hasty generalization. And that's fallacious.

Chilliz & Sushi are 2 example of altcoins in the top 100 that both have huge twitter followers but 0 no presence on Reddit. How old are these altcoins?

If a person or hodler tweets on their twitter page then their admin/moderator for that page approves that tweet before publishing it for public viewing correct?

In reddit anyone can post anything in altcoins subreddits as long it doesn't violate the moderators rules so its more public/transparent than twitter right?

Telegram & Discord are both private encrypted messaging where scammers can scam victims cause its private and nobody can see it publicly on record what's been said or what's going on correct?

Crypto & decentralization means it has to have a huge following of people somewhere unless its new. If it is decentralized then there must be loads of public people or a group somewhere on a social presence to vote what happens next for a project unless its centralized private right?

Heck there's even reddit group on 'Satanic Worship'. There's reddit groups and communities for everything so a scam on the reddit community can be picked up easily and in advance warning right?

So without reddit social presence unless new then that is a red flag warning right?


I gave 2 examples earlier of Chilliz and Sushi within the the top 100 crypto rankings. So thousands in a reddit community or group indicates the altcoin circulating supply is not mostly held by whales or Venture capitalists?


I thought market cap is more important than a altcoin price. Where do these pumping teams meet mostly?


Its maintaining that within the top 100 ranking during bear markets decides whether its a good coin or not unless it gets flipped by newer trendy coins released in the future. When you say offer great value to the community, what community? Just the alt twitter community? And can the alt twitter community freely have discussions within the community like reddit?


You mean banners on twitter and buying likes and shares on there? How do you buy likes & shares on twitter, is it through bounty rewards like you mentioned? What if the scammers have unlimited bounty and unlimited pre-mined coins to reward their victims not knowing they are being played to promote their scam coin? You mean look at Terra or Avalanche on Reddit?


What other various manipulating ways a scam coin can do to get in the top 20 apart from social media manipulation?

If XRP wins the case against the SEC then it will automatically give them credibility and trust to millions out there regardless if it is a scam coin or not. If XRP wins case and afterwards scams its holders then the SEC has a lot of answering to do for the angry ripple xrp holders.

XRP ripple have a huge following called the xrp army on all social media. Even if they get scammed they will still fight for XRP ripple cause of their belief system like followers having a belief system for a religion for example. If it is proven that a certain verse or script from a holy scripture or holy book is proven wrong scientifically believers of that faith will still defend it  


When I say established I mean a coin that is not new and is over a year old.

Shiba Inu has a huge reddit community of nearly half a million followers. Surely if shiba inu was a scam then at least 1 redditor in that half a million shib group would have sniffed out a scam and warn everyone in that group by posting in there.

Your more likely to be scammed in a private platform than a public platform cause public is visible to everyone and scammers get caught easily this way.

 

There is probably a small team^commynity behind. They haven't dedicated moderator/s to all social media channels.


Twitter is probably the default sm network to all crypto-related projects. information passes there the fastest and easiest. It was enough one quality post or re-post to reach solid engagement. I saw that power a few times and the results can be impressive.

planned paid campaign brings results and I would not agree that the time of bounties is gone. If we talk about bounties where there is no quality control and the involvement of obvious spammers who write worthless things then you are right. But as in any business, low or no quality work can't produce anything.


Reddit requires very active users/community. Any post there no matter how is good or perfect, in 2 days it was forgotten and replaced by something new. it takes a really serious community to keep the appeal of fasting attractive in those two days.

Quick reminder that BitConnect used to be somewhere in the top 20. And right now, we still have XRP, dog coins, LTC, BCH, in the top 20. And the more you go down the more useless crap you see.

You're totally underestimating how much various ways of manipulation a project can do to easily end up in the top 100.

Social presence...
Apart from the coins that really have some userbase and have some real usage have you seen a coin that has a real presence,  other than posting a few banners every day and buying tweets and likes and shares? Look at all those shitcoins that run bounties here and reards you with useless tokens for tweets and posts, the moment the bounty is gone their whole social media presence drops like a stone. Even for the top 20, if you have over 100k followers but you can't manage to break over 30-40 comments or 100 interactions per post it tells you something is fishy about it.

When it comes to Reddit it gets complicated for shitcoins, you simply can't buy comments as cheap as you do likes, you can't start discussions over discussions about the same stuff, so it's very easy to spot when there is no actual interest and there is no community. Look at terra or avalanche, they barely manage to have one or two comments longer than "moon now" "wow" such jump" per post and that's it!

This couldn't be farther from the truth, as there are  shitcoins in top 20, let alone top 100 which is filled with bunch of useless coins/tokens with no real use.

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Regarding some projects not being on reddit, one of the reasons is that it's much harder to shill your shitcoin there, compared to other platforms like Twitter. It is very easy to get banned there so many projects don't care much about establishing themselves there.

As for me, ranking No 100 on coinmarketcap, simply means such coin is a good coin, with a good project and good backup team/community. Because it will only take a good project to have such rank.  But for the fact of it not having a social presence on Reddit, I see nothing wrong with that, because it's still 95% of the people on Twitter that are also on Reddit.

Because as long as the coin is known to offer great value to the community, such coin is ok.

So that's my view.
Thank you.🙏🙏

Can you explain that? I understand that the market cap does not have the importance that some people tend to give it and that it can be misleading depending on the volume and the buy and sell orders. But to say that it is meaningless seems to me to be exaggerated at least in principle.

Bitcoin is the first in market cap. Do we have to assume that this has no relation with reality?

It means nothing because for starters the ranking itself means nothing since it is based on market cap and we already know market cap is a meaningless characteristic. Besides most of the altcoins are pump and dumping and they don't even need any social media presence, all they need is good pumping teams to pick it up from time to time and pump the shit out of it.

It just means that the project's community is small enough to have little to no presence on Reddit. It could potentially mean that the coin/token's distribution is bad and there are a few holders with really large percentage holdings, or something like that.