The way things are going with new crypto is worrisome

Tony116

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Quote from: Daodex on February 25, 2022, 02:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

This is common for crypto, as being an open market we see them often so it's not too surprising.

That is why when participating in the market we must always be equipped with the knowledge, crypto is a market full of pitfalls so do not listen to anyone, do not believe any promises of any project. The only way to limit stay away from these scam projects, please always DYOR before investing in a project.

Vaculin

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Quote from: vv181 on February 25, 2022, 04:15:40 AM

Quote from: Daodex on February 25, 2022, 02:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Where have you been? It's been happening since a long way ago, and it does decrease in any sensible way. Back then people are creating useless shit-token in the name of ICO, and now Defi and party NFT.

There is no way to decrease such utter coins/tokens to keep popping up in this space, the ecosystem is built to make people able to build whatever they want. The problem is such ignorant people believe that the utopian of the token utility is going to happen while in fact, the majority of them are built only to scam.

If majority of the people in the market will always be profit centered, expect that there will always be crypto developers who will keep on creating tokens without real utility cases. And there will always be victim of scams that will always complain in the market. However, if all those buyers choose to educate themselves first about the coins they plan to buy, and not just buying without making DYOR, the creation of useless tokens will be reduced, and scamming will be lessen.

Devifajarina

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Quote from: firmino10 on May 05, 2022, 06:30:15 AM

some things are within our control and some are not. since it is a decentralized market, anyone can create a coin, couple with the fact that there are some videos online that aid you on that. are there is always room for people to be innovators. but it is within our control to look at these project before investing. look at the partnership with other growing project, utility ,online community. it is so unfortunate that people are misusing great opportunities. but i believe the power we have over scammers is our level of research and analytic findings on new project.

Many people can make coins and they can even become investors, technological developments do not limit individuals from doing anything, the space given is very open to anyone who wants to take the opportunity, control and how to identify potential coins really depends on how one understands, then from that the availability of new projects must be thoroughly reviewed and analyzed before trying to enter to invest further, this is very important for anyone

max6575

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investors work on customs as appealing study with the independent cause as absence within the field of market.
to follows with the chance on mobilization differing one of option as fine to match with decision on manage as preparing option to put with the order.

the cumulative affirmation with the option on reference as work with different models on evaluation gives with the perseverance on progress with the preceding stage of modification as the constraint have with the validity on value of each with the level of stage of modification to deny the diminishing value on integral constant of the valid measure.

firmino10

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elysian.finance

some things are within our control and some are not. since it is a decentralized market, anyone can create a coin, couple with the fact that there are some videos online that aid you on that. are there is always room for people to be innovators. but it is within our control to look at these project before investing. look at the partnership with other growing project, utility ,online community. it is so unfortunate that people are misusing great opportunities. but i believe the power we have over scammers is our level of research and analytic findings on new project.

max6575

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on extent as newbie investors work on customs as following old investors strategy those shows of inability of newbie investors to work with the use of possession with customs of ideal preference.
as newbie investors might find a way to develop personal custom of strategy as fine to gains with the request of returns as the decision to involve with the market.

that the decision of entrance into the modest field of market, as expends on qualifying customs of strategy, helps as investors have with the supports on normative customs of idea as they are being within the structure of building with reference of order as exchange on appeals with the request of returns on consequence.

RussianEnglishTranslation

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Quote from: Daodex on February 25, 2022, 02:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

There a lot of things that are required to make a project become a success, it isn't just about the devs behind the project but the entire team, coin/token utility, tokenomics, community, marketing, financial backing etc. Based on all these criteria I have allocated most of my funds into XRP, ICP, and 0xMR.

max6575

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as newbie investors failed to work with the modest occupation of strategy from old investors they begins to work on reference as releasing efforts as expecting to win with the moderate way.
yet those gives with negative consequence on investors might failed to solve feminist issue with the investment compared with old strategy as they have with higher level of establishment.

Predict_Vision

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Quote from: nininyashka on April 30, 2022, 08:32:49 AM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Now there is so big competition among cryptocurrency projects that the most important thing for development is to have a big community to attract attention to the project and its products and show how useful is the product.

Only the best and the most useful projects will win this competition.
Cryptocurrency must be useful for people to be in demand.

Maestro75

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Quote from: Daodex on February 25, 2022, 02:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Alot of people will continue to get scammed in crypto, especially those who think there is a short cut to riches in it and who will fall for anything in it. Crypto developers also take advantage of peoples ignorance about what a real token should be or have to sell them scam projects. The important thing is for anyone buying any token to check every details of the token and those in its team. This is what can save anyone from getting scammed.

nininyashka

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Quote from: Nexum on April 29, 2022, 03:40:43 PM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

It is necessary to create the project that is necessary for people.
Now NFT very popular and it is good that appear tools that make the use of NFT more simple and profitable.

Now there is so big competition among cryptocurrency projects that the most important thing for development is to have a big community to attract attention to the project and its products and show how useful is the product.

Nexum

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Quote from: LeagueOfLiquidations on April 28, 2022, 01:06:42 PM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

The more opportunities cryptocurrency projects offer for people the more they are in demand.
That is why it is necessary to check how useful is the project and what opportunities it offers.

It is necessary to create the project that is necessary for people.
Now NFT very popular and it is good that appear tools that make the use of NFT more simple and profitable.

LeagueOfLiquidations

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Quote from: JackieAinsley on April 27, 2022, 01:50:26 PM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

It is necessary to check everything before investments not to lose money.
Cryptocurrency continue to be very risky and it is necessary to remember it.

The more opportunities cryptocurrency projects offer for people the more they are in demand.
That is why it is necessary to check how useful is the project and what opportunities it offers.

JackieAinsley

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Quote from: Garsipop on April 26, 2022, 04:48:36 PM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Cryptocurrency projects offer people a lot of useful opportunities, but to use such opportunities it is necessary to know about them and check all new projects that appear in the industry.

It is necessary to check everything before investments not to lose money.
Cryptocurrency continue to be very risky and it is necessary to remember it.

Wawa2013

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Quote from: Ureung jameun on April 26, 2022, 03:52:12 PM

Quote from: Daodex on February 25, 2022, 02:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Cryptocurency gives people the opportunity to become successful and rich, so it's not wrong if they create and run their own projects even though they have little experience and knowledge in launching new altcoins. but behind the launch of altcoins carried out by people who have no experience then my advice in this case, then we must be smarter than them, meaning we do not buy new altcoins developed by people who are not professional and have no experience in development altcoins. so don't blame them for developing altcoins without experience, but blame yourself for buying altcoins from them.

It is true that the crypto industry gives everyone the freedom to create their own altcoins. So quite a lot of new altcoins are popping up now,
but unfortunately most of the new altcoins created are just copycats from the previous project. So it doesn't have a clear purpose, there are
mostly new altcoins circulating just to raise funds for the development team, once they make a profit, the development team will leave
the project. Or it could be that new altcoins were created just to pump and dump. Therefore, we really have to be careful when choosing
new projects when investing. Don't be influenced by other people in determining the projects we will buy. But make sure to choose based on
the results of research and analysis that we do ourselves, to make sure we don't choose the wrong project for investment. But if we are a newbie
and don't have good skills in doing analysis, we should avoid investing in new projects and just focus on choosing investments in top altcoins.

Garsipop

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Quote from: FiPi on April 25, 2022, 05:58:52 PM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Many people lose money on the cryptocurrency investments. That is why it is very important to evaluate the potential of the coin and understant how it will be useful in the future.

Cryptocurrency projects offer people a lot of useful opportunities, but to use such opportunities it is necessary to know about them and check all new projects that appear in the industry.

Ureung jameun

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Trident Protocol | Simple «buy-hold-earn» system!

Quote from: Daodex on February 25, 2022, 02:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Cryptocurency gives people the opportunity to become successful and rich, so it's not wrong if they create and run their own projects even though they have little experience and knowledge in launching new altcoins. but behind the launch of altcoins carried out by people who have no experience then my advice in this case, then we must be smarter than them, meaning we do not buy new altcoins developed by people who are not professional and have no experience in development altcoins. so don't blame them for developing altcoins without experience, but blame yourself for buying altcoins from them.

Lanatsa

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Quote from: Japinat on April 24, 2022, 03:34:15 PM

Quote from: pieppiep on February 25, 2022, 07:38:02 AM

As long as you don't invest in projects you don't know about, you won't be fooled by them. You can also stay away from every new project released and choose only the ones that already have a good name and are moving well. You don't have to worry because you already have previous experience to make a good decision. Let the people invest in the project while you are sticking with the coins already on the market.

That's the best thing you can do not to lose, at least you don't invest in those projects even if they become the trend. New projects are sometimes very tempting because of their new offers and bigger ROI, but remember that new projects nowadays are mostly failing so its always better to be safer and stick to those old but established projects. Let others explore those new projects and learn once they lose, they will never know where to invest unless they never experience frequent losses.

Actually there are projects/coins which you could deal off with but it would really be requiring that timing and risk taking factor because not all would really be that risk takers thats why its really that depending.

There are lots of frauds and scammy ones which you should really make yourself that aware and be mindful on doing further steps because it would really cost you if you are making careless or rush decisions.

Its been typical or normal that we do have these fraud projects and its been a while but if you are just new into this market then you should mind out.

FiPi

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Quote from: daxetoken on April 24, 2022, 11:38:17 AM

Quote from: Garsipop on April 13, 2022, 03:03:16 PM

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Because there are a lot of scams in cryptocurrency investment on them are very risky.
Many people without experience came to the industry and lose money.

Many people lose money on the cryptocurrency investments. That is why it is very important to evaluate the potential of the coin and understant how it will be useful in the future.

Japinat

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Quote from: pieppiep on February 25, 2022, 07:38:02 AM

As long as you don't invest in projects you don't know about, you won't be fooled by them. You can also stay away from every new project released and choose only the ones that already have a good name and are moving well. You don't have to worry because you already have previous experience to make a good decision. Let the people invest in the project while you are sticking with the coins already on the market.

That's the best thing you can do not to lose, at least you don't invest in those projects even if they become the trend. New projects are sometimes very tempting because of their new offers and bigger ROI, but remember that new projects nowadays are mostly failing so its always better to be safer and stick to those old but established projects. Let others explore those new projects and learn once they lose, they will never know where to invest unless they never experience frequent losses.

Topic: The way things are going with new crypto is worrisome (Read 898 times)