Too many projects is bad - page 3. | Bitcointalksearch.org

Furious 7

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Quote from: taufik123 on December 22, 2019, 08:33:58 PM

ICO and IEO both have many professional scammers controlled by 1-2 people and there are even a group of scammers who are already professional. Our job is to report every project that is indicated as a scam.
You can also check the projects that you are taking part in the SCAM ACCUSATIONS Sub Forum section.

Yes we have to anticipate it from now before it's too late, ICO and IEO have many scamer incidents that occur even good projects can become scamers, so we can see clearly and research properly, don't be too hasty in joining if you are not sure, according to you.
Even projects now need a long process to work on successful projects that can be traded on the exchange, so the core must look at the SCAM ACCUSATIONS board to see the scamer project that was caught.

Furryball

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Quote from: palle11 on December 22, 2019, 03:16:41 PM

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

We are in decentralized world so it doesn't make sense for this forum to start doing research on projects for us, crypto world equals freedom so it's all on us, we have to look out for ourselves

slashz9

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still there are some investors who are determined to invest in new projects, might have thought this project was good and would succeed.
the temptation will always be there for those who are impatient and greedy.
if this method continues to be applied maybe the scam project will decrease because no one else will invest in new projects.
but what about a really good project?
I mean if everyone considers all new projects to be a scam,
then how will they develop?

Aabcde

sr. member

Activity: 1050

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Since mid-2018 I stopped being an investor because of things that were not pleasant for my finances.
On the other hand, it is rather difficult for us to eliminate shitcoin unless there is a product that can sort shitcoin closely. We cannot expect the forum system here indeed, but at least there is a forum that discusses scam projects here. At least we have received a warning from the members of the forum here, although not all of them are reading.

Malam90

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It is very hard to understand whether the project is scam or real at the very first. In this forum, some devoted seniors are always trying to findout scam projects and waning the bounty participants to avoid that project. I welcome this type of activities. As a decentralized system, anyone can create a new project, but we have to consider whether it is fake or real at first, then decide to promote.

LouVandetta

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Sadly this is how it is nowadays, whereas the bad projects always comes up and make a name and more popular than a legit project was.

We've too much expectation on one project only to get scammed or it's a really bad project all in all. Even now, the new ones that keeps coming is not that different from the previous ones, which is basically only a copy-cat of the others.

Quote from: Coyster on December 22, 2019, 12:10:47 PM

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.

This is indeed true, it's that hard to find such a good altcoin project. I personally is on a "break" for a new project, since I pretty much tired out by seeing the bad one keep popping up. Even when something looks very promising, sadly the outcome is far beyond what we've expected to have.

Coyster

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Quote from: palle11 on December 22, 2019, 03:16:41 PM

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

Forum admin wouldn't allow any project they know as a scam to advertise, but AFAIK no scam project would announce they are scammers before they start to run their project, so the forum leaves the decision to invest or have any business with any project in the hands of members of the community, that's the reason why you hear that "scams are unmoderated by the forum".

Quote from: Innocant on December 22, 2019, 06:43:54 PM

Not all projects are bad

Neither was I saying they all are bad, my thread was in a bid to seek ways to only see the few good ones, I know it's a difficult task to do and also I've read everyone's reply till now, it now seems more impossible, but for me when I pick altcoins to invest in, I only choose the reputable ones in the market(as I suggested in the OP).

Reid

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Quote from: Coyster on December 22, 2019, 12:10:47 PM

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.

This has something to do with my experience.
I got really exhausted looking for anther project that I want to support.
Something that will be successful in the next 2 to 3 years.
But just like you said it, I strongly agree.

At first I told myself that a competition is good for the market but then it went larger. Large which cannot be controlled anymore and they just keep on repeating the same feature over and over again.
Once you read the whitepaper they are just changing how the paper was produced or the enumeration.

But, I am not losing hope. I just rested for a while and then I am back at looking to buy a good altcoin.

Bossfidelity

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In a decentralized environment like the cryptocurrency space, too many projects are expected. This is simply because there's no control on the project that should be established. Any person who is willing, could lunch a project and tell us what he's trying to achieve which in most cases won't be achieved and it goes on and on.

Baby Dragon

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Quote from: SolarWindMiningCompany on December 22, 2019, 05:58:18 PM

Quote from: henrybek3 on December 22, 2019, 04:44:28 PM

Unfortunately, this is the reality of the market. Too many scams. But not everything is fraud. Unfortunately, the subcoins that are traded in the Exchange can be out of control. You need to solve it. The solution to this is only when the team supports their projects. They need to keep track of the price.

It's very bad. They all appear professional, reputable and promising in the beginning but to your biggest surprise, they are just low life thieves packaged in tuxedo to Rob a bank. Some few hours ago, they wear making desperate movies to act a buy back to lure unsuspecting victims back to their project and I hope no one will fall for such gimmick.

Investors need to be careful and very critical of where they invest in this space till there's some sort of control over this crypto market at the very least

What can expect? People these days thinks that anything is possible when it comes to money that is why they are willing to do anything to take advantage of you to get the benefits they wanted. They will make you believe with their sweet words and promises that makes you hard to think whether it's a good project or not unless you've done your own exploration to determine. They will hide their true colors and intentions that's why you will suspected it as scam project. 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.

Rodeo02

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Quote from: BeginToMine on December 22, 2019, 05:47:36 PM

So many fake projects out there, I totally do agree but despite the fake ones there are still good and amazing projects out there which have good team and good market volume all needed is research.

Even it is good or bad project the affect on the market will be negative. The total market will be divided for every new project created and it is not a big help for crypto addoption. instead of making another crypto currency why not support each other and makes only few crypto and just make other ways to use that currency in that case it will help tha market addoption. Unlike now that investors is confuse what would be the good coin to buy.

taufik123

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The growing number of fraudulent projects is also caused by our lack of education as a bounty hunter or investor to find out whether the project is a fraud or a good project that will pay.
Research needs to be done before joining the bounty or when you want to invest. In the beginning, the project will be very promising and look professional. but, behind all that there is a scammer who is eyeing your money and will deceive you.

ICO and IEO both have many professional scammers controlled by 1-2 people and there are even a group of scammers who are already professional. Our job is to report every project that is indicated as a scam.
You can also check the projects that you are taking part in the SCAM ACCUSATIONS Sub Forum section.

The last thing I can say is, not all new projects are con artists, there are some new projects that really need to be supported and get priority, get to know the project and do research. the ICO Review Website will also be available if it has been registered.

Innocant

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Not all projects are bad but we gonna say these one of them are not trusted.
Because of this happen right now we always experience and encounter one of them in the bounty altcoins.
And Ill did not expect also this would be happen in the time of bull in a past year ends that would have so many projects are they same platform and in the not totally succeed on the project it have.

Kiefner

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In fact, we will only need a few projects that will solve some problems. A large number of projects we do not need, because most of them a priori will be unsuccessful. But we can't do anything about it unfortunately.

btc_angela

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Well you said that we're in a decentralised system so it's really hard to control everything that's been going on, specially project sprouting out (whether good or bad) in the market. And the thing is, scam projects has really put a dent and has a domino effect specially to those projects who is good and the team behind has a good intention. So it's a dilemma that is hard to solved, sad to say.

ichsan ardi

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of course , too many project is bad , since investor just a a few people .
and also , mostly , project come just a few with great idea.

Rengga Jati

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Quote from: Coyster on December 22, 2019, 12:10:47 PM

-snip- 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

Probably, it is difficult to define "good project" because so far many good projects are offered, but they end as same in the dumped price. I also agree with your interesting quote:

Quote from: Coyster on December 22, 2019, 12:10:47 PM

Searching for good altcoin projects is now similar to looking for a needle in a haystack

It means that it is so hard to find whether the team offers promising profits and investment, in fact, so far, many projects are failed or worse to be a scam. That is why I'm personally very careful when going to participate in the new projects. I do not mean to underestimate the new projects, but it is better to be more careful in choosing them in order to avoid the scam, failed projects, or even dump coins.

Quote from: judaspriest on December 22, 2019, 05:28:45 PM

What do you mean the team must have a Buy Back program? If the team keeps track of prices I think they must have the program, it can make the project stronger in terms of trust in the community

Unfortunately, not all of the team of new projects will do that tracking. Or even they do such tracking of the price on the market, they cannot do many things because the price really depends on the market, token holders, and also the investors.
Actually, I am also interested in the project with the "Buyback program". But unfortunately, there are only a few projects that will do the same.

Last words, I only expect (everybody also) that the crypto market will run better again, offering the product with the real use case and proven enough. Also, there may be some new tighter regulations to avoid scams (even it is very difficult).

bL4nkcode

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Limited in number. Limitless in potential.

Quote from: palle11 on December 22, 2019, 03:16:41 PM

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).

Admin of course do that, but only limited for forum ads, if you're talking to bounty campaigns or project Ann, the n community volunteers do the right thing and make a scam accusation against those scam projects.
The user/investor/bounty hunter should be responsible for his/her move before joining on any project posted here.

Tipstar

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Crypto is a global, free and decentralized market. There's no tool or authority that could limit the number or nature of crypto based projects.
Crypto too has became a broad subject ranging from mineable coins to non-blockchain tokens. We can't even make people stop using the name.
The only thing we can do is research for ourselves and take a decision based on our intuition.

SolarWindMiningCompany

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Quote from: henrybek3 on December 22, 2019, 04:44:28 PM

Unfortunately, this is the reality of the market. Too many scams. But not everything is fraud. Unfortunately, the subcoins that are traded in the Exchange can be out of control. You need to solve it. The solution to this is only when the team supports their projects. They need to keep track of the price.

It's very bad. They all appear professional, reputable and promising in the beginning but to your biggest surprise, they are just low life thieves packaged in tuxedo to Rob a bank. Some few hours ago, they wear making desperate movies to act a buy back to lure unsuspecting victims back to their project and I hope no one will fall for such gimmick.

Investors need to be careful and very critical of where they invest in this space till there's some sort of control over this crypto market at the very least

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