Topic: The Dev is not your friend, so be careful. - page 2. (Read 494 times)
Right now, i feel old or new both of can be SCAM anytime because when i remembered Luna and FTT these was billions dollar market cap, but now disappeared. Yeah, if comparing old and new project definitely new project is pretty high risk than old project. But i never invest my money by others people’s recommendation, i will own research before invest in new or old project.
Even close friends can not be trusted, too many fraudsters around us, especially when dealing with money,
Invest in the main coin because as we know it has been decades for its launch, and until this moment it is still safe to be an investment,
rather than investing in new projects that do not have clarity
Invest in the main coin because as we know it has been decades for its launch, and until this moment it is still safe to be an investment,
rather than investing in new projects that do not have clarity
Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.
I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
Any investment is a risk. Investing in crypto projects is doubly risky.I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
I'm always surprised by these speeches about doing your own project research, even if you're new. This is wrong, since an adequate review requires certain knowledge, which newcomers will not have enough of and then another loss of money will happen.
Any developers and founders of projects have a geometrically opposite interest with their investors, which means that there can be no question of any trust in them. This is especially pronounced in scam projects.
Instead of doing nonsense and risking your money in new projects (with a dubious future), even small ones, isn't it better to invest in already proven and reliable ones that have proven themselves for decades? Why are you not satisfied with BTC?
doing a lot of research for one project is basically the obligation of investors, but if we have researched and searched for info, we are still hit by a scam from the dev, it is out of control in my opinion, so when you make a decision, never regret what will happen in the future
it's true that a dev isn't a friend but a dev can be said to be an enemy in disguise and it's hard to predict
it's true that a dev isn't a friend but a dev can be said to be an enemy in disguise and it's hard to predict
Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.
I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
I refuse to call those people devs, as they are not developing anything, they never even meant to do so. Everyone who is pulling out liquidity is just a scammer. Anyone can create a token, you don't need to be a developer to do so. And these days they can pretty much do every step of design with ai. Make AI to write generic crypto whitepapers, roadmaps, descriptions... And spice it up with Midjourney's AI graphics. So they don't even have to even work on that anymore.I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
That's all they are. Scammers. Dev starts being Dev instead of scammer after he starts developing. That doesn't rule out scamming in the future though.
Lol. You may refuse to call them devs, but that doesn't change the fact that they developed something that turned out to be a scam.
Technology has really made it easy for any to just cook up nonsense all in the name of creating a token.
Yeah, some actually start with a good and descent intention but end up as scam for reasons only known to them.
New projects are quite risky. Yes there are chances that you can earn a lot from a private series but it will depend on how promising the project are. Anyway theres a lot of factors to do and thats gonna be crucial when investing. $10 or $1k there is no difference but that will still be at risk, but gaining profits are also can be considered.
You need to have a lot of researches before putting any money on it.
You need to have a lot of researches before putting any money on it.
Nowadays people (trader's especially) don't rely on promising projects or trusted dev team to earn good profits. All they need is the right tool to navigate and make their daily profits.
In other words, there are different approaches to achieve one's goal, good dev or not, all that is required is the right knowledge.
After these recent ugly events that occur in the crypto space, I trust on dev team reduces drastically.
To be honest, I'm not interested in investing in a new project through ICO IDO or any form of token sale before being listed on the exchange, I'm more interested in investing in a new project when it's already listed on the exchange. but before investing, of course I do research first to determine whether this project is suitable for long-term or short-term investment, or even not at all worthy of investment.
My advice to you is don't easily trust anyone, even if it's your friend or relative, because in crypto the risk is borne by each and anything can happen. So it's best to trust your own research
My advice to you is don't easily trust anyone, even if it's your friend or relative, because in crypto the risk is borne by each and anything can happen. So it's best to trust your own research
Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.
I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
Honestly, with this market situation I would not like to invest in new projects. Not all projects now can withstand the market, it will be very hard for me to trust projects now not unless the team members are visible to the world I mean they are not hiding with fake names, proven works, having a good knowledge not only in Dev, crypto but also have a good strategic planning when times get bad again. I don't invest to those projects that get only hyped because of influencers, I am looking for a long term one. I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.
I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
Honestly, with this market situation I would not like to invest in new projects. Not all projects now can withstand the market, it will be very hard for me to trust projects now not unless the team members are visible to the world I mean they are not hiding with fake names, proven works, having a good knowledge not only in Dev, crypto but also have a good strategic planning when times get bad again. I don't invest to those projects that get only hyped because of influencers, I am looking for a long term one. I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
New projects are quite risky. Yes there are chances that you can earn a lot from a private series but it will depend on how promising the project are. Anyway theres a lot of factors to do and thats gonna be crucial when investing. $10 or $1k there is no difference but that will still be at risk, but gaining profits are also can be considered.
You need to have a lot of researches before putting any money on it.
You need to have a lot of researches before putting any money on it.
Nowadays people (trader's especially) don't rely on promising projects or trusted dev team to earn good profits. All they need is the right tool to navigate and make their daily profits.
In other words, there are different approaches to achieve one's goal, good dev or not, all that is required is the right knowledge.
After these recent ugly events that occur in the crypto space, I trust on dev team reduces drastically.
~
There is part of it that it is right, since even those knowledgeable and experienced investor would still look for cheaper and newer projects. Sometimes the maturity of the project results in lower returns due to a lot of shares that it will be given to the investor.This is why even the experienced ones are still vulnerable to these kinds of stuffs, not just those stupid investor.
Quote
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
Scammers will always look appealing and would even smile as if they're your friends just to gain your trust. In the crypto world, if you will be too soft, you will always fall into scammers arms. Never trust those who spread FUD and shillings even if they are close to you. Your own research will be more reliable than those who are trying to convince you to go in the wrong direction.
Not all projects are scams and some developing projects deserve a chance but being wise is an edge. By doing the research before investing, you'll surely have a little chance to lose your funds in scams and fake projects.
If you see a new project and you are tempted to invest in it you are stupid because new projects require tough research first, there is a chance that the project is a scam so before clicking the buy button you have to be sure what you are getting into.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
I disagree with the fact that only stupid people are tempted to invest in a new project.
Agree, not all new projects are scams, you should remember that projects like ETH or ADA, and LTC... have all been new projects before and those who invested early in those projects are now just as rich as those who invested early in bitcoin. However, we should be aware of the fact that the market does not have any friends, all it has is its competitors, they win and we lose, and vice versa. We are all here for the money, if you can't take their money, they will take your money, and the money will go from the weak to the strong.
If you see a new project and you are tempted to invest in it you are stupid because new projects require tough research first, there is a chance that the project is a scam so before clicking the buy button you have to be sure what you are getting into.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
I disagree with the fact that only stupid people are tempted to invest in a new project.
Agree, not all new projects are scams, you should remember that projects like ETH or ADA, and LTC... have all been new projects before and those who invested early in those projects are now just as rich as those who invested early in bitcoin. However, we should be aware of the fact that the market does not have any friends, all it has is its competitors, they win and we lose, and vice versa. We are all here for the money, if you can't take their money, they will take your money, and the money will go from the weak to the strong.
Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.
I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.
So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.
Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.
Investing in new projects is really tempting considering the facts that you get to enter pretty early while the project is just coming to limelight.
However, the danger is that you might end falling for a scam, and lose all your money.
These days, despite doing due diligence and researching about a new project, you might still fall for a scam.
So it is becoming very hard to tell a real from a scam project. And no matter your level of expertise, you might still fall
If you see a new project and you are tempted to invest in it you are stupid because new projects require tough research first, there is a chance that the project is a scam so before clicking the buy button you have to be sure what you are getting into.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
I disagree with the fact that only stupid people are tempted to invest in a new project.
Devs are creating a project which it hadnt been existing on the market before but most of the time they are just using up the same platform or blockchain with those common or top ranking coins or projects in the market.
Any significance? None. People are just making some blind investment decisions basing on hype and other suggestions which turns out to be shit later on.If you are somewhat lucky then you might hit up a good one
but you should not make yourself that confident because everything could really happen whether you do hit up a scammy dev or a loyal or dedicative one.
They only created the project to get money, no value or utility is considered ahead of the money there is to make.
Well the project itself was a scam so the loss was inevitable. Even with proper research people would still invest in some scammy projects or wrong projects here and there, those are risks that are involved in investing so losses are something inevitable imo. Not to mention that not all projects that you'd lose money from aren't exactly bad, they just didn't grow to the point where you could profit. It's also why the idea of investing something you can afford to lose should be realized, instead of nothing or something small, as op said.
I agree, we can look at FTX and Terra Luna as an example. Many people did thorough research on these projects and at one time they look like legit until they messed up in the end and filed for bankruptcy after they embezzle funds or did insanely idiotic decisions that lead to the collapse of their platform.
Well if the devs were just all empty talk or unrealistic expectations then no matter what I'd just simply avoid it. Some devs are rather passionate and can explain/share everything, but some devs are simply just that bad at managing projects, regardless if they wanted to scam or not.
Devs don't showcase their managing skill through ranting. So we are better vigilant to every project we think is potential for success because we never know what will happen next.
They are our friend because they help us to have something which can make our life easier and of course, they can help us to earn decent returns as long as you know how to HODL their projects strongly.
Any significance? None. People are just making some blind investment decisions basing on hype and other suggestions which turns out to be shit later on.If you are somewhat lucky then you might hit up a good one
but you should not make yourself that confident because everything could really happen whether you do hit up a scammy dev or a loyal or dedicative one.
They are our friend because they help us to have something which can make our life easier and of course, they can help us to earn decent returns as long as you know how to HODL their projects strongly.
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