Topic: WARNING! this is very misleading - page 4. (Read 1076 times)
You wrote it right. I also always tell everyone that they themselves have investigated the project before investing. You should not trust any rating sites. You should always check all the information.
I already know that this tool is being used to deceived people just like what they do in employing fake ratings, people should instead watch and read people's feedbacks check the whole projects and check if there is something fake in their project.
And probably be still a trap for some newbies in crypto space. This bar can be deceiving. A wise investor and trader will not gonna easily fall for this. Nowadays, DYOR is the only thing we can rely about. We can't deny the fact that ICO's reputation isn't great and that investors are now turning into IEOs. That is why even if they'll make a bar or graph showing the flow of their sales, etc, we should not be fall for it.
Yes, this is one method by which fake or scammy projects can lure investors in. The thing is though that if a company is prepared to use a fake progress bare then they are probably manipulating the truth elsewhere, which should be apparent from a bit of research into the team members (are they real?) and the white paper (is it meaningless buzzword-soup?), amongst other things. It does highlight that it is vitally important to do your research before putting money into any new project.
Please fellas ,take a minute to look at the image below
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
Everybody knows that it can be manipulated it's just a toolbar and a webmaster can set the amount of numbers to show on the bar, the bar should never become an indicator if the project or ICO is making good progress, it's the investor's reactions and supports should be the one that must be consider
Please fellas ,take a minute to look at the image below
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
That image has only a form of illustration and it deceives investors. Be careful with such projects because it is scam. In 2018 I met hundreds of softcap projects but they completely disappeared after finishing the ICO. obviously a scam Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
As an investor who are knowledgeable, they should look deeper on that picture, mostly ICO accepts ETH, so they have to look for the ETH address and verify it in the blockchain if the amount raise will coincide on the picture.
It's a trick only for those who does not fully understand investing in crypto, but for the knowledgeable it's not gonna fool or mislead them.
It's a trick only for those who does not fully understand investing in crypto, but for the knowledgeable it's not gonna fool or mislead them.
Anyone who is web developer can do this. This is how project teams do to trick people into investing in their projects. Especially for newcomers to this market
well they need to do some tricks just to get an investor.. if this investor make their research in such project and they know that it is good enough to invest,they will put their money on it, they are investor they know what are they doing..
Novice investors can easily be deceived by this bar and they won't know that sometimes its just a fake bar to lure them to invest,new crypto investors must be willing to learn from those that are already in the space to avoid this kind of horrific mistakes and scams
This is so true, most prjoects these days fake the progress of their token sales just to lure investors to invest into their project. This is a bad way of marketing and i think team members of projects should desist from such methods. It's best to get to know projects by their use case and how much you think they would be worth to the market than following token sales progress.
Please fellas ,take a minute to look at the image below
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
You are a newbie if you believe that it's one of the consideration to check if the project is gaining support and investors, they tell you that they have reached their hardcap but cannot start their project or do more marketing because, in reality, they do not have available funds. Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
It is very difficult indeed to make decisive decisions in these kinds of available information from companies websites if in case you are trying to find the right startup to invest with. I am afraid the only better way to get inside information is to have a connection to a person who already works there or you are actually part of the said startup. Investments are really a risk and people should be weary of their investments.
my thoughts are a little open after reading your analysis of a softcap or hardcap bar.
most people aren't aware of this,
but we also have to know, whether their ICO uses ICO services or not, if using the services of ico, the bar displayed is 100% non-engineering, different if they make it themselves.
most people aren't aware of this,
but we also have to know, whether their ICO uses ICO services or not, if using the services of ico, the bar displayed is 100% non-engineering, different if they make it themselves.
I already know that this tool is being used to deceived people just like what they do in employing fake ratings, people should instead watch and read people's feedbacks check the whole projects and check if there is something fake in their project.
Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
For that, i would agree with you since I've witnessed it before and up until now, they were still doing this kind of dirty tricks just to attract their possible prey. People nowadays are too greedy considering that they make a bunch of useless projects at the end because all they want is just the money and they don't really care about of the whole WP plan of their project, such a waste of time and effort. Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
Actually, for several moments ago, at a past time. I always used this bar to be one of the chocies wehn seelcting the new project. I think that reaching soft cap is very safe to invest. However, as time went, I was aware that this is misleading. The chart may be fake, we cannot make it as decision whether the project will be successful or not.
Each and everyone are here in this field for their own reasons so no one is not guiding you and I think you cannot be guided by anyone it is the proper move from your side because at that situation only we can realise what is the best and what is the worst otherwise we cannot successful anymore
This right here is why every investor must do a thorough research the project he wishes to invest in else he looses his funds. Sadly a lot of these shady projects are still out there conducting ICOs which is very shameful and condemabale
This is the picture that a lot of Project developers used in 2018 to make investors fomo into their Initial coin offerings only to discover at the later end that its nothing but an organised scam. Designed to fleece unsuspecting cryptocurrency enthusiasts of hard earned fiat
I never decide to invest in a certain project just because of its softcap indicator. Something that we must do is look for the detail information about the project itself. It is much better than just looking at the bar showing softcap or hardcap. They can manipulate the bars and show a fake softcap. That's why I prefer to choose a project based on the track record of the team members.
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