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Topic: Too many projects is bad (Read 687 times)

hero member
Activity: 966
Merit: 535
December 24, 2019, 01:33:54 PM
#71
Like most people would agree, it's a free market and regulations might be difficult to take control over such market, one thing that will put these shit projects to check is when investors or probably bounty hunters begin to check these projects before venturing in. Many of them are really just not it. If you take your time to go through it, you wouldn't even venture into it

You can't just use legislation all the time as an excuse. We don't need regulations. People just need to start thinking and stop giving into lies scammers tell them. YOu cannot say we need regualtion to protect us. People need to think and protect themselves as well. Crypto is decentralized to begin with so we don't need an "upper" power telling us what is safe or not. You know a hot fire is unsafe to put your hand in, you don't need anyone to tell you this. The fact still remains that fire is hot. So don't put your goddam head right into it.
full member
Activity: 491
Merit: 100
December 23, 2019, 11:59:57 PM
#70
Like most people would agree, it's a free market and regulations might be difficult to take control over such market, one thing that will put these shit projects to check is when investors or probably bounty hunters begin to check these projects before venturing in. Many of them are really just not it. If you take your time to go through it, you wouldn't even venture into it
full member
Activity: 812
Merit: 100
www.cd3d.app
December 23, 2019, 09:27:15 PM
#69
As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

On the other hand, is difficult to ascertain scam project at the beginning.
I advise that participants could choose to follow certain legit managers and managers that are producing scam projects will be alone to themselves and pack up with time  Grin

Buddy, You should know that people got red trust by promoting scam projects like Nexxus Rewards, Zeux. This forum's members are always careful about the scam, Ponzi scheme, HYIP shits, so, no one is allowed to promote scam projects here. But how can you protect a project that was good but now they scam or run away? That's the question and its the thing that OP trying to say.
we can only predict a project, and we always follow its development, in every step that will be taken by the developer, of course there is a signal that can be read. so we can avoid before. but sometimes due to the large number of projects that are followed, we cannot follow it closely, and ultimately are missed
member
Activity: 798
Merit: 38
December 23, 2019, 06:53:44 PM
#68
...I believe the good ones that are in circulation in the market already would improve and more good projects could sprout up from them.

Other valuable suggestions are welcomed, let's have a quality discussion.
Are you saying that the projects that are already in existence, particularly the old ones should be the ones to bring up new projects?
I do agree with you on some points, but Inasmuch as the crypto space is still what it is, there will always be new projects, which is a welcome idea. Our duty is to sieve out the best from them and focus on them. Well, the success rate of these projects has seriously reduced and there is no doubt about that.
full member
Activity: 523
Merit: 100
December 23, 2019, 06:29:13 PM
#67
The thread is self moderated, though I would not be removing posts except if they are really terrible, it has nothing to do with whether you agree or disagree with me.

The other day, I read a post which the poster said:(i am not explicitly quoting the OP though)that if the altcoin market manages one good project out of the many that it produces daily, then it's a success for the altcoin market(i am not against his opinion, but I disagree)
Searching for good altcoin projects is now similar to looking for a needle in a haystack, you either get tired or exhausted and quit looking, or you find it after a terribly long, long time, this is synonymous to what altcoin investors will have to go through/and are going through, and it can only stop when the good projects are the only ones investors are attracted to.

But since the market is decentralized, and you cannot really prevent anyone from creating shitcoins, what can then be done to promote only the good projects, imo investors should avoid new projects for a while, they either are coming out with the same plan as the previous ones and will only fail just as their "predecessors" did, and focus more on the projects that are already in the market, picking out the few that are good and investing/promoting them. If new scam projects are not getting any substantial investors, I believe the good ones that are in circulation in the market already would improve and more good projects could sprout up from them.

Other valuable suggestions are welcomed, let's have a quality discussion.
Of course only few successful project we are getting from cryptocurrency. That's make us sick. Coinmarketcap isn't bad that we know, everyday 0-5 coin/token are listed. Every year new 1K coin/token where we have already over 3k altcoins. New process is IMO that's quite interesting to me, but still no guarantee for new coin.
sr. member
Activity: 641
Merit: 253
▰▰▰ Global Cryptocurrency Paymen
December 23, 2019, 02:51:29 PM
#66
As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

On the other hand, is difficult to ascertain scam project at the beginning.
I advise that participants could choose to follow certain legit managers and managers that are producing scam projects will be alone to themselves and pack up with time  Grin

Buddy, You should know that people got red trust by promoting scam projects like Nexxus Rewards, Zeux. This forum's members are always careful about the scam, Ponzi scheme, HYIP shits, so, no one is allowed to promote scam projects here. But how can you protect a project that was good but now they scam or run away? That's the question and its the thing that OP trying to say.
sr. member
Activity: 1020
Merit: 253
JangaCams.com
December 23, 2019, 01:59:46 PM
#65
I totally agree. Picking out those who are in the market already is the very safest move and decision an investor would ever made as for today's project that we are bombarded by tons of fraudulent, and close to being failure project so being selfish to those who are seemed looking good yet completely unknown is much better than picking them out right away. Therefore a realistic criteria on where to invest (like this factor) is a smartest move an investor would ever made to avoid getting nowhere.
Realistic thinking is indeed needed, in our investment we will always look for someone's work history or a place that certainly has a satisfactory level of security for us. therefore the history of work ever held must be our concern as well. because a person or place that already has a good level of experience will continue to develop its potential and I think it will be safer too
sr. member
Activity: 1274
Merit: 293
December 23, 2019, 01:52:11 PM
#64
I totally agree. Picking out those who are in the market already is the very safest move and decision an investor would ever made as for today's project that we are bombarded by tons of fraudulent, and close to being failure project so being selfish to those who are seemed looking good yet completely unknown is much better than picking them out right away. Therefore a realistic criteria on where to invest (like this factor) is a smartest move an investor would ever made to avoid getting nowhere.
hero member
Activity: 966
Merit: 535
December 23, 2019, 01:22:16 PM
#63
I think too many bad projects is bad. I think having a choice is a good thing but when that choice becomes riddled with shit coin and scams it can become annoying since you have to dig even deeper to find decent projects. You are forced to wad your way through all the shit. I have just been reading how some people are fooled bit promising them 300% back in 7 days. Who falls for that?? Hundreds did.... I wish people would just stop. Those are not investments I wish people would learn what an investment looks like.
sr. member
Activity: 616
Merit: 250
December 23, 2019, 01:10:53 PM
#62
This is a serious issue we are having in crypto space and 60% or more of these projects isn't good to the space as the owners are not just to grow blockchain but to scam users and run. If only we can eliminate this and allow potential projects only on exchanges, the market will grow more and there will be good liquidity for exchanges.
legendary
Activity: 2968
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
December 23, 2019, 12:10:09 PM
#61
Not going to name any names but I have been part of some bad projects myself and most of the time the project fails because community is not big enough or rich enough to keep it alive. You have to realize there are shady and scam projects that just steals your money and that is true but there are projects that fail because nobody backs it enough neither.

Some of the projects I was involved with tried their best, spent tens of bitcoins, probably hundreds of bitcoin to keep the project alive, improved it, fixed it, put new features in it but in the end whenever the price went up people just stopped using it and sold their coins so the coin never really took off, whenever it tried to there was brigades of sales. We can't blame the project managers for all projects, maybe most of it but not all of it.
hero member
Activity: 1008
Merit: 501
December 23, 2019, 12:06:59 PM
#60
Yes, this is the bitter truth in crypto and sadly we can not run away from it because lots of good projects can turn into bad after a certain time. Now investors are smart enough to pick a better project for investment but yet after one or two years, those good projects become shit or dead or even scam. So, cryptomarket always will have shit coins, until people stop investing in new projects or we should only invest in a project that already has a working product.
sr. member
Activity: 1344
Merit: 270
December 23, 2019, 12:06:46 PM
#59
I hate to say this but this is a fact that the project is very bad. I started to feel it from mid-2018 until the end of 2019. 1 project has yet to be valued and there are even some that have not been distributed (I think it's a scam), and many are still waiting for listings to market exchange. in my opinion this is unfair because the reason for the altcoin market is falling because participants and investors actually don't care about it, what they care about is that tokens can be seen on the exchange and then can be traded.

I think the current project team is scared because tokens will be of low value, or worse, they are only looking for personal gain.
smart teams make smart distribution of their tokens for both investors and bounty hunters. You can look at Tokoin. I believe that they have an ideal payment system for investors and for those people who are involved in the marketing of this project. they did not distribute coins before they entered the exchange and they stretch payments for several months so as not to hurt the exchange rate of their coins.
Many smart bounty campaign manager never sent and distributed bounty reward coin fully but always have many phase to distribution coin, they try to make keep stable coin after listing on exchange market and give 30% allocation coin for bounty campaign in on month and then distribution next month 30% again, keep higher price for their coin because not sent full for bounty coin reward.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 23, 2019, 11:35:59 AM
#58
there is nothing bad with the fact that now it is very difficult to choose a project. I believe that the situation when every second project brought huge profits is not normal. in the classic investment market, it is also very difficult to choose stocks that will bring good profit. if we begin to compare the cryptocurrency market and the traditional one, we will understand that the cryptocurrency market is becoming healthier and is approaching being accepted at the goverment level.

The traditional markets were easy to predict due to repeated market patterns but the volatile crypto market is not predictable because of the various external factors. The market predictions can change in a short time right after the single bull trend, it has happened many times. Stock shares have the real value but not all investors accept the cryptocurrencies as a store of value.
hero member
Activity: 1274
Merit: 500
Proof-of-Stake Blockchain Network
December 23, 2019, 11:34:08 AM
#57
I hate to say this but this is a fact that the project is very bad. I started to feel it from mid-2018 until the end of 2019. 1 project has yet to be valued and there are even some that have not been distributed (I think it's a scam), and many are still waiting for listings to market exchange. in my opinion this is unfair because the reason for the altcoin market is falling because participants and investors actually don't care about it, what they care about is that tokens can be seen on the exchange and then can be traded.

I think the current project team is scared because tokens will be of low value, or worse, they are only looking for personal gain.
smart teams make smart distribution of their tokens for both investors and bounty hunters. You can look at Tokoin. I believe that they have an ideal payment system for investors and for those people who are involved in the marketing of this project. they did not distribute coins before they entered the exchange and they stretch payments for several months so as not to hurt the exchange rate of their coins.
member
Activity: 270
Merit: 10
December 23, 2019, 11:24:03 AM
#56
Investing only in Binance IEOs would not be a right idea as some newbies' proposals. Maybe we should find a way to inform the majority and keep them awake. It is the reason why we have to be attentive and cautious particularly on making decision regarding the project that we are going to invest, it is much better if we search for some information and details about it to assure ourselves that the project is worth it and profitable. If you take a unless project then never promoting and mind it their will give you more offer but don't believe.
copper member
Activity: 840
Merit: 114
December 23, 2019, 10:20:59 AM
#55

Well, we learn this past year (2018). but now that the 2020 is coming we can change our style of choosing a good project that can deliver their goals well. past years are so many investors and freelancers seeking to have a project to participate that they didn't investigate well, so many scam projects didn't afraid to show up and scam all the users. if everyone change then 2020 is a start for new crypto environment, less of scammers.   
we really should have developed from our lessons and experiences during the market decline and so many project scams that we see. but not much has begun to learn from experience, many of bounty hunters only choose projects for them to do without doing research. because many projects look good but end in fraud. we also cannot avoid it completely.
sr. member
Activity: 784
Merit: 251
https://raiser.network
December 23, 2019, 10:12:21 AM
#54
I hate to say this but this is a fact that the project is very bad. I started to feel it from mid-2018 until the end of 2019. 1 project has yet to be valued and there are even some that have not been distributed (I think it's a scam), and many are still waiting for listings to market exchange. in my opinion this is unfair because the reason for the altcoin market is falling because participants and investors actually don't care about it, what they care about is that tokens can be seen on the exchange and then can be traded.

I think the current project team is scared because tokens will be of low value, or worse, they are only looking for personal gain.

We hate it because of the fact that, there are too many projects to choose from but most of them are scams, and it is really sad to say that many people has been frustrated with this too, that even if they will be listed on a good exchange, that reputable exchange would not date to check and investigate if what they are listing is good or not too.

Well, we learn this past year (2018). but now that the 2020 is coming we can change our style of choosing a good project that can deliver their goals well. past years are so many investors and freelancers seeking to have a project to participate that they didn't investigate well, so many scam projects didn't afraid to show up and scam all the users. if everyone change then 2020 is a start for new crypto environment, less of scammers.   
sr. member
Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
December 23, 2019, 10:10:59 AM
#53
there is nothing bad with the fact that now it is very difficult to choose a project. I believe that the situation when every second project brought huge profits is not normal. in the classic investment market, it is also very difficult to choose stocks that will bring good profit. if we begin to compare the cryptocurrency market and the traditional one, we will understand that the cryptocurrency market is becoming healthier and is approaching being accepted at the goverment level.
hero member
Activity: 1249
Merit: 506
December 23, 2019, 10:09:18 AM
#52

Sad business for the cryptosphere, now it's time for the IEO that are launched in famous exchanges, flip them o decent RI, rinse & repeat.
The sad fact is that IEO is no different than ICO. Most of the current IEO is also garbage, as soon as the IEO listed on the transaction will encounter a major crash.
The IEO and ICO development teams are only interested in filling their pockets and then leaving, which undermines the confidence of investors.
Until now, I think that there is no project worth investing in.
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