The SHADY side of the Crypto Industry

dennisch123

newbie

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Quote from: coinwizard_ on September 12, 2018, 01:52:21 AM

Tether was investigated but nothing happened from it, it is still used as the most popular stable coin so i wouldn't call it a scam. ICOs need a lot of research, definitely not for newbies who just put their coins into anything and expect a profit

After they made their money from it they showed some financial reports, that should've done prior.

I'm not a legal expert so I don't know why nohting happened from those subpoenas, out of jurisdiction?

coinwizard_

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Activity: 336

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Most Advanced Crypto Exchange on the Blockchain

Tether was investigated but nothing happened from it, it is still used as the most popular stable coin so i wouldn't call it a scam. ICOs need a lot of research, definitely not for newbies who just put their coins into anything and expect a profit

cizatext

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Activity: 952

Merit: 41

The truth is since cryptocurrency is a potential development which have great capacities to transform financial transactions and well being it has also become a safe Haven for Scam's, despite the fact that we have recorded success in various aspects of crypto there are still cases of scams that we can not deny. The cryptocurrency industry is new and very fragile and at that can easily get manipulated on.

dennisch123

newbie

Activity: 131

Merit: 0

Quote from: Reid on September 11, 2018, 03:03:51 PM

Oooohhh...
Someone's been trying to decipher the hidden agendas that have been happening in the crypto world.
This is good. We need more of the likeness of you.

Yeah that Tether thing have been a real question for me from the start. It became an escape pod for whales. They have freely done the worse in the crypto world without anyone even looking at it.

Now look at us. All dumped. This did not happen before even with bitcoin at a lower value. We have that kind of rule like bitcoin up then altcoin down and vice versa.
But now, it is bitcoin up and altcoin down then bitcoin down and still altcoin goes down. WTH!!!
Ever since that Tether came I did not see any altcoin soar way high than ETH. But now the powers are being taken again.

Will it be goodbye to all the crypto currencies like most analysts sees it. Hell!! Even Buterin feels like it.

It will switch at some point, no one benefits if it literally all goes to zero, I'm sure they are collecting coins while pushing it down at the same time, how they work out that math exactly comes sometimes as a surprise to me but they probably have a better idea then us what's in those order books as 95% is probably just wash trading.

Reid

hero member

Activity: 3024

Merit: 651

Oooohhh...
Someone's been trying to decipher the hidden agendas that have been happening in the crypto world.
This is good. We need more of the likeness of you.

Yeah that Tether thing have been a real question for me from the start. It became an escape pod for whales. They have freely done the worse in the crypto world without anyone even looking at it.

Now look at us. All dumped. This did not happen before even with bitcoin at a lower value. We have that kind of rule like bitcoin up then altcoin down and vice versa.
But now, it is bitcoin up and altcoin down then bitcoin down and still altcoin goes down. WTH!!!
Ever since that Tether came I did not see any altcoin soar way high than ETH. But now the powers are being taken again.

Will it be goodbye to all the crypto currencies like most analysts sees it. Hell!! Even Buterin feels like it.

dennisch123

newbie

Activity: 131

Merit: 0

Quote from: bitcoinhunter888 on September 08, 2018, 12:13:25 PM

The problem with crypto news sites like Cointelegraph and the ICOs are that, most of these ICO owners who are scamming people somehow promotes their project through these sites because, they are somehow connected with them. I am pretty sure these platforms have earned more than enough from all these shady ICOs that have ran away with all their investor's money. Otherwise, Cointelegraph wouldn't be able to operate till now.

If you have a bit of money you can buy a sponsored post on any of those sites.

If you have even more money you can even buy posts on CNBC, Yahoo Finance, and Business Insider, though i do expect them to do a little more fact checking though not an awful lot.

dennisch123

newbie

Activity: 131

Merit: 0

Quote from: target on September 08, 2018, 01:20:50 PM

I have been wondering too why there were tons of good news and yet the price didn't even bother to seesaw for quite a bit but continue to plummet even more with all the adoptions being announced lately that cointelegraph had been publishing. It must be part of this bigger plan to milk all those who invest at every dip just as how they advice them.

Where's the like button

dennisch123

newbie

Activity: 131

Merit: 0

Quote from: BitNaija on September 11, 2018, 02:19:14 AM

Your article makes an interesting read. Much of the points raised seems to corroborate my thinking, yet it looks like a conspiracy theory. The good side of it that you did not condemn cryptocurrency rather the criminal tendencies of a few who are manipulating the whole idea of a decentralized financial world.

The ICO part is a theory with zero evidence indeed.

I just thought about what it takes to pump a coin to great heights, and the easiest way to do that is when you control most of the coins, still you want legit publicity around it as most people will do a quick search in Google before buying a coin.

dennisch123

newbie

Activity: 131

Merit: 0

Quote from: ribowo76 on September 07, 2018, 04:35:02 PM

If what was said was true, I think. That is something bad. But, has the situation been so bad? Or is it just a kind of disappointment, about the current market conditions?

Wow this post has attracted a lot more attention than I expected.

I'm a very skeptical person, and when I see CoinTelegraph and others report a lot of positive news I sell my bitcoins immediately because I know it's part of fake propaganda, and the whales that are pretty much in control of this news are ready to dump their tokens on the market.

Once we hit the (temporarily) bottom you'll see articles showing up that predict doom & gloom, bitcoin to $3000, $1000, $4000, or what was published 10 hours ago, 150,000 ETH has been sold by ICO sellers and they have another 3 million ETH ready to sell.

That exact same article in a slightly rewritten form was published on 11 August as well on numerous news sites with the only purpose to make people sell their ETH, in this case, and soon it will get pumped again, and once on top of its pump a lot of positive news appears again.

I know how to ride these waves as all I need to do is follow the news from CCN and CoinTelegraph.

So yes that's a pretty bad situation as many more guilible people fall victim to this nonsense.

BitNaija

member

Activity: 322

Merit: 10

Your article makes an interesting read. Much of the points raised seems to corroborate my thinking, yet it looks like a conspiracy theory. The good side of it that you did not condemn cryptocurrency rather the criminal tendencies of a few who are manipulating the whole idea of a decentralized financial world.

Kakmakr

legendary

Activity: 3514

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Leading Crypto Sports Betting & Casino Platform

Let me summarize this article for you quickly, because it adds nothing that we have not seen in other similar attacks on Crypto currencies.

1. Bitcoin got pumped to $20,000 with the help of unbacked Tethers. Roll Eyes

2. CoinTelegraph is the Fake News Cartel. Roll Eyes

3. All ICOs is a scam. Roll Eyes

1. Strange, a lot of my friends do not own Tether, but they helped to pump the Bitcoin price with fiat investments.
2. Bitcoiners should at least have one website, where Bitcoin is promoted. The Fiat/Commodity markets have the rest.
3. All ICOs are not a scam, I have invested in many of them and they are still going strong. Cool

(Example : Augmentors)

Nothing new to see, just move on. Roll Eyes

rabia_laskor

newbie

Activity: 168

Merit: 0

You will find in each advertise a gather of people who are continuously attempting to control its client and accomplish their objective by any implies. This too stands for crypto industry. But also, beginner individuals fall for those traps. There's says in English proverb A yapping puppy never or rarely chomps. Everybody ought to take care sometime recently doing anything.

Zebulun18

newbie

Activity: 90

Merit: 0

The primary issue with all these shady destinations and administrations that we are experiencing is that the entire crypto space is unregulated and no legislature on the planet has found a way to take care of these issues. Subsequently, tricks, fake exercises and control is as yet existing in the market. I trust a nation like U.S or China takes the control of regulatign the crypto space and attempt to help the financial specialists here while getting benefits for themselves.

torrihuff

jr. member

Activity: 129

Merit: 1

Quote from: dennisch123 on September 05, 2018, 11:03:58 AM

I just had this article written, which covers the Tether scam, as well as the fake news cartel that sites like CoinTelegraph, and CCN, among dozens of others are a part of.

On top of that I also included how the latest ICO scams are set up.

Hope you like it and feel free to share of course:

https://www.cryptonewsinc.com/the-shady-side-of-the-crypto-industry/

You can just watch the market action and know your in the middle of a pool with tons of sharks in it. Add in a little trip to the bounty and airdrop scene and it's a complete cluster f. You have to be careful. We are in the early days of a new way of doing things. It's probably going to get more wild as we move on

avoxosuccesful

jr. member

Activity: 252

Merit: 3

The crytocurrency ain't bad, people has really profited from it many ICO companies have evolved coming out with different projects some successful and some not so well. I just think there will be more transparency from crytpto users and also developers because these days u can't even tell which is real and not. Its very annoying sometimes for bounty hunters mostly I hear.

crypt0monarch

newbie

Activity: 14

Merit: 0

Now crypto industry is facing hacking and scams so before investment we need to do research on our level or take expert advise about project where we are planing to invest because crypto transaction is not reversible and decentralized crypto network can't track it. because of scams and hacking peoples are hesitate to invest in cryptocurrencies. scammers attract peoples to give big profit in less time and peoples easily fall for in this kind of scams and mostly newbie easily invest.

cryptocoinshunter007

newbie

Activity: 84

Merit: 0

Scams are really increased recently. People are losing faith and also lose interest for trading in ICOs. This is making the market down and also making the reputation very bad. And we just cannot do anything except avoiding them.

crypto-bit456

newbie

Activity: 84

Merit: 0

Well scams cannot be removed from any system. We have nothing to do if people release scams. All we can do is just being aware of those and careful while trading with ICO projects otherwise we cannot do anything as they are unreachable.

goldencrypto7100

newbie

Activity: 182

Merit: 0

Actually in every system there will be scam and so in cryptomarket. Maybe we can reduce it but we cannot completely remove it from the system. It will be as long as the crypto remains.

Wrathhawk

newbie

Activity: 50

Merit: 0

Shady sides are normal for this type of market. Because there is no authority to check scams so we have to do it for ourselves. I think it will be better if we make a strong community against them.

Topic: The SHADY side of the Crypto Industry (Read 1822 times)