Too good to be real projects - page 2.

Bananington

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Activity: 1470

Merit: 428

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

Some projects just put up a mind-blowing project aim that will bring in more investors, but with no plans to execute the project aim. For instance, a project plans to build crypto ATMs and issue cards in the first quarter of their launch. Only newbie crypto investors will get amazed by this project aim because oldies will know its NOT achievable. It's better a team keeps a project aim in their capacity, not some fiction-looking project aims lol.

gaston castano

sr. member

Activity: 1526

Merit: 251

that is why people make projects every day because they are still trying to think of whatever it is a new development, maybe at first it will not work but someday it might happen, but you have to be careful in choosing because there are so many scam projects out there .

rdewilde

full member

Activity: 925

Merit: 100

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

I really like the title, "too good to be real projects" this is just a perfect title to classify those useless projects with the aim of making money from users and nothing more. Also, I find reasons to agree with you as well based on the types of ideas which most team comes up with and when looked on clearly shows it is not possible to be worked on nor will it yield a good project; this AI project you just used as an example is a good proof to that. As for me, I believe it is better people invest in projects they understand, a project that is workable and achievable not projects with just beautiful whitepapers etc.

someone703

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Activity: 944

Merit: 101

PredX - AI-Powered Prediction Market

Quote from: tiang_tower on April 30, 2020, 09:17:49 AM

Quote from: NextDoor125 on April 30, 2020, 09:08:57 AM

Good projects always exist, I personally did a lot of good trading last month when the coins were scarce. Here are some rules to follow. Now things are different and there are very few projects to help investors make a profit. You can find good projects only if you find yourself. Thanks

Yes, a good project is still there if we want to look for it with a research, because when things are different, then what we have to rely on now is ourselves, so do everything with research, so we can know the pros and cons of a project at this time.

We would not know if those projects are really good based on research, I have also done research for many years. But most of those projects have died after working for some time or being listed in exchanges. Developers begin to lazy to do their work and gradually leave it

Barbut

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★Bitvest.io★ Play Plinko or Invest!

Quote from: H1N1 on May 07, 2020, 09:14:57 PM

Too many good things promised is one red flag of the scam projects. There are some risks in investing on project and things doesn't always doing good. So, i think offering many good promises and good predictions is just a way to attracting more peoples to invest on the project.
Indeed, stay away from this kind of crypto project.

When I see huge promises before anything else, like a product or platform, I close that page. A red flag means that the project shouldn't be trusted and for me, one red flag is enough. Lately, I see many questionable projects and crypto sites, I try to stick with old and trusted projects when it comes to investing and earning coins, sometimes it's better to earn less but to be safe than to try to earn more and risk to lose money or time, or both.

panganib999

hero member

Activity: 1750

Merit: 589

That is why we do really need to be observant on every details stated on a project to better know and assess if such idea is possible to be made in reality. Other details or project ideas are somewhat fantasy or exaggeration only to caught the attention of the people specially the potential investors to be able fund the project. But better be wise before entrusting your money into any project because it is your money that will be used to fund the project so you better be a wise man to assess the project first. Not all interesting details in a project were seems to be true so you do really have to do thorough research about such project so that you are sure you are engaging into a realistic project that can be implemented into reality.

AD Node

member

Activity: 140

Merit: 57

https://streamies.io/

Quote from: OneLifeKiller070 on May 07, 2020, 12:45:53 PM

I think the blockchain cryptocurrency market will be drastically reduced due to the threat that the world is facing now and the dire situation that is going to create. Because the world is now focusing on curing Covid-19. The situation is now against trading. So it is just a matter of time rather than a good project. Hope for the best for all and Too good to be real projects will be soon after this big break of pandemic . Thanks

When you go to the ann sections here you can a lot of those projects, promissing a lot and after 2-3 months don't deliver nothing, nowaday 90% of projects don't bring anything new.

H1N1

full member

Activity: 812

Merit: 100

Too many good things promised is one red flag of the scam projects. There are some risks in investing on project and things doesn't always doing good. So, i think offering many good promises and good predictions is just a way to attracting more peoples to invest on the project.
Indeed, stay away from this kind of crypto project.

OneLifeKiller070

jr. member

Activity: 79

Merit: 1

I think the blockchain cryptocurrency market will be drastically reduced due to the threat that the world is facing now and the dire situation that is going to create. Because the world is now focusing on curing Covid-19. The situation is now against trading. So it is just a matter of time rather than a good project. Hope for the best for all and Too good to be real projects will be soon after this big break of pandemic . Thanks

tiang_tower

full member

Activity: 826

Merit: 100

Quote from: NextDoor125 on April 30, 2020, 09:08:57 AM

Good projects always exist, I personally did a lot of good trading last month when the coins were scarce. Here are some rules to follow. Now things are different and there are very few projects to help investors make a profit. You can find good projects only if you find yourself. Thanks

Yes, a good project is still there if we want to look for it with a research, because when things are different, then what we have to rely on now is ourselves, so do everything with research, so we can know the pros and cons of a project at this time.

NextDoor125

member

Activity: 153

Merit: 10

Good projects always exist, I personally did a lot of good trading last month when the coins were scarce. Here are some rules to follow. Now things are different and there are very few projects to help investors make a profit. You can find good projects only if you find yourself. Thanks

PlayFuel_Official

newbie

Activity: 17

Merit: 0

Blockchain projects are emerging nowadays. It is true that there are a number of projects that were not able to be successful due to unrealistic goals. As an interested investor or user, doing in-depth research about the project such as checking the whitepaper, website, credibility of team members, the number of listed exchanges, amount of volume, etc. By assessing through this information, you can see which project is realistic and achievable.

PlayFuel aims to bring blockchain gaming at the forefront for independent game developers, all types of gamers, influencers, and merchants. The project is fairly new but its native token PLF shows good standing within the crypto market.

Check out our website and whitepaper to know more about our project:
https://playfuel.io/
https://playfuel.io/playfuel-whitepaper.pdf

KaratX

member

Activity: 252

Merit: 29

Sovryn - Brings DeFi to Bitcoin

Many use case in crypto world won't see huge demand because they are utterly useless on the blockchain, the project team might be serious and have a good plan but investors might not even have interest in such coins, for example dogdata, very confusing

leea-1334

hero member

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Temporary forum vacation

Quote from: Farma on April 27, 2020, 01:04:03 AM

because of this, choose a project that is already in the market, or that is doing an IEO on a popular market or has great potential for success. at this time, I feel that so many people are making concepts so well, but they are not carrying out the project as they set it. it's just that, when the concept is very good and doing IEO in the popular market, it can be strong support.

Easy to say. Everyone can advice you to say hey, invest in something with great potential for success. Everything has potential.

The better advice is. Do not invest in any of these projects. Use it maybe,,, if you believe in it. But you are better off buying Bitcoin.

imutlinda

sr. member

Activity: 926

Merit: 256

Quote from: Farma on April 27, 2020, 01:04:03 AM

Quote from: Zemomtum on April 18, 2020, 04:39:39 PM

What a good and a real thought. A lot of empty promises on the whitepaper where there is no intention to implement. No wonder most people are calling for regulation. Blockchain is still at infant and people are taking advantage of it.

because of this, choose a project that is already in the market, or that is doing an IEO on a popular market or has great potential for success. at this time, I feel that so many people are making concepts so well, but they are not carrying out the project as they set it. it's just that, when the concept is very good and doing IEO in the popular market, it can be strong support.

if both of these sectors support, namely in the form of a good project concept and holding an IEO on a popular exchange then I think it will be good. but so far it is still a bit difficult to find such a project, because the project that is able to do it is the real project. and sometimes projects that always provide nonsense will be difficult to achieve

ttcsalam

copper member

Activity: 1120

Merit: 2

You are right. Exaggerated projects cause more faults.For example, BCNX launched a project a few days ago.Now that withdrawal is closed. It does a lot of damage. For ordinary investors

bgaf

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Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

Quote from: Zemomtum on April 18, 2020, 04:39:39 PM

What a good and a real thought. A lot of empty promises on the whitepaper where there is no intention to implement. No wonder most people are calling for regulation. Blockchain is still at infant and people are taking advantage of it.

Regulation is not necessary needed. Why you going to risk the fruit of decentralization just to give the benefit of the doubt to those upcoming project. Whitepaper is just a basis of the project, and they can always alter or modify what is necessary for the improvement of their project. Roadmap as well is just a guide but not required to be follow from specifics.

Ive seen many projects that made changes in order to have a good platform.

People taking advantage of this innovation thats why we cant always trust new projects. Real projects are not too showing some progress and using your instinct I think you can feel it if your dealing with a scam one.

Farma

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Zemomtum on April 18, 2020, 04:39:39 PM

What a good and a real thought. A lot of empty promises on the whitepaper where there is no intention to implement. No wonder most people are calling for regulation. Blockchain is still at infant and people are taking advantage of it.

because of this, choose a project that is already in the market, or that is doing an IEO on a popular market or has great potential for success. at this time, I feel that so many people are making concepts so well, but they are not carrying out the project as they set it. it's just that, when the concept is very good and doing IEO in the popular market, it can be strong support.

TheUltraElite

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Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Eplus_Team on April 17, 2020, 06:09:59 AM

Fake promises can be easyli identified when you are thoroughly analysing a project

Wrong. They are never identifiable if they are promises. How can you differentiate between a promise that is fake or true when the project itself shows you how its make the money? In face the money making method is a scam as well but peopl fail to understand in the first place. That is why the teams never make anything good out of them. All these projects have failed because they dont have anything develop on. If the fake promises were identifiable then no noob would even put their money in the project.

Quote

if you found something suspicious about the project it is already a red flag and you should stay away from such a project.

A big con would never make itself look suspicious. Use common sense, if you are thief, would you show everyone your methods if you want to steal something?

kaneki007

sr. member

Activity: 1190

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Quote from: lienfaye on April 18, 2020, 01:29:18 AM

Scam projects will continue to exist as long as many people are falling to their trap and they can make money.

Not just here in crypto but in other investment opportunity out there as well. So what we can do to avoid these scam projects? An extensive research.

Dont look for the potential profit if you invest but take time investigating for the factors that can lead you to determine if its real or just another scam.

I agree because we should before investing we as investors do research in order to know that the project is legit or not and has potential or not. So do not just think about profits, but also think in the future whether our investment will bring a large income. Now I am more careful before investing because experience can also be a lesson.

Topic: Too good to be real projects - page 2. (Read 1128 times)