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Topic: What's going on with crypto market? - page 4. (Read 749 times)

hero member
Activity: 1428
Merit: 506
July 24, 2020, 01:56:48 PM
#27
The cryptocurrency market is getting widened, but the existence of new projects have decreased. This is good in my opinion, because during the previous year more projects were termed scam. Slowly people have known better about the cryptocurrency projects, and the same has made people avoid scam projects.
This means people have known their lessons having due diligence prior to investing in a project. Many experience of scam projects that's why investors are keen on observing first before putting some money and effort. In terms of crypto market price still, it is volatile.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
July 24, 2020, 01:52:08 PM
#26
The only change in the market is in the altcoin market. It seems to me that this is another market cycle that will end with a big dump. If you are in the Bitcoin market then you can understand why the market has changed.

They wanted to know how to create hype in the altcoin market again and they tried but it didn't work out. Now it has become somewhat effective with DeFi. The almost dead Youtube channels have woken up again, and they are screaming about random coins like before. Honestly, most of these Youtubers are scammers! And seeing these different ones, the new traders will buy those coins, the old traders know what will happen next. It's nothing more than a hype to me.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
July 24, 2020, 01:37:08 PM
#25
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

there is an answer to that and the answer is: pandemic.

The pandemic started in January and governments and many people began to take measures against the pandemic, measures ranging from firing employees to lockdown and in this scenario few people think of making long-term investments in a scenario of complete uncertainty, see that even bitcoin that had halving was not enough to make the bitcoin price have a big price increase

I am of the opinion that when have a vaccine and the situation is completely controlled, then bitcoin will start to increase the price a lot
hero member
Activity: 1162
Merit: 516
1BTC Welcome Bonus
July 24, 2020, 01:09:17 PM
#24
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
This year total market was down because of covid 19 will affect most of the countries so many peoples are not concentrate the new projects on this year. May be again back to form because some medicine was find out the covid 19 so automatically peoples are back to normal on further days. I hope some strong projects are launched in this year because private investor is need for all the projects so strong projects always marked in crypto platform.
sr. member
Activity: 854
Merit: 253
l0tt0.com
July 24, 2020, 12:05:49 PM
#24
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
There are still a lot of active scam projects out there, just now less lending and multi-level modeling has become less and less. trending is now altcoin Defi, new projects are coming up a lot and usually projects on the Defi system.
This is understandable because when there is a trend, everyone wants to make money for themselves. That is why many ideas now have many new projects for us to invest. The market is pretty active right now so we can make a lot of money now.
member
Activity: 672
Merit: 29
July 24, 2020, 11:07:17 AM
#23
it is THE CYCLE.

you see it is not just bitcoin price going up, ending in a bubble then bubble bursting. it is accompanied by a lot of new members coming in so many of them wanting to become rich over night and a lot of scammers becoming active again creating garbage and selling it to them by telling them things like "this coin is replacing bitcoin". consequently when the bitcoin bubble burst occurs and the market slows down a lot of those newbies go away and many other newbies gain enough experience to not-trust garbage coins anymore. as a result the scammers go into hibernation until another wave of newbies enter.
Correct.. Newbies are the ones that easily falls for scams trap. They only think that crypto is a sure way of financial breakthrough if invested into. Newbies are easily carried away by hyping of  projects which is a bad signals for them
I could remember vividly how I ended up investing on a scammed project as a newbie
The worst thing that can ever happen to an investor is to hope or depend on a particular project for richness 
hero member
Activity: 1652
Merit: 569
Catalog Websites
July 24, 2020, 10:11:55 AM
#22
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

People are very much concerned nowadays as most of the people projects are suppose to be scam, well this has ruined the atmosphere of crypto market as Investors use to think multiple times before Investing.

I really appreciate those people who check multiple times before Investing in a coin especially big Investors, also there are few projects where they pay lesser. However it's better to go according to the market situation.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
July 24, 2020, 09:18:04 AM
#21
The cryptocurrency market is getting widened, but the existence of new projects have decreased. This is good in my opinion, because during the previous year more projects were termed scam. Slowly people have known better about the cryptocurrency projects, and the same has made people avoid scam projects.
legendary
Activity: 1806
Merit: 1521
July 24, 2020, 05:27:49 AM
#20
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

It's a market lull, no more and no less.

I think the altcoin and token markets are in a very similar place to Q2-Q3 2015. This is especially apparent on charts like DASHBTC. Most likely, altcoins are forming accumulation bottoms vs. BTC during this period.

During times like this, altcoin sentiment leans bearish and not much money is flowing from BTC into altcoins. You will probably see very few new projects due to that dynamic.
legendary
Activity: 3234
Merit: 5637
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July 24, 2020, 05:25:49 AM
#19
What is the purpose of all these so-called projects based on a lot of false promises and almost certain loss of money for investors? I think we need to change the paradigm that crypto is something that allows anyone to start a project, without any permission from the regulator and responsibility for the success or failure of the project.

Such an approach only hurts BTC, it turns out that any fool can start a project, scam people for a few million dollars and then disappear - and everyone else pretends like nothing happened. Do we need another series of ICOs, new magic altcoins to replace BTC, or so-called cloud mining where some are still getting rich at the expense of naive people?
hero member
Activity: 2716
Merit: 552
July 24, 2020, 04:46:48 AM
#18
I guess the main reason is those numerous scams happening during ICO/IEO and now we had project defi but it takes time for the investors to make a study about these projects. Because the mark of being scam was in their mind and they don't want to happen again.
It was the 2017 unexpected pump of Bitcoin that encourages a lot of ICO (the real ones) and the scam ICO's.
That was like the rise of the ICO projects as well.
Now, as the bubble in 2017 burst, crypto projects gradually lose their interest to pursue as some investors left after the bubble. Scam isn't the main reason here, but it's the investors who has been discouraged in 2018 market run after believing that Bitcoin/cryptocurrency is the source of lavishness.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
July 24, 2020, 04:44:35 AM
#17
Investors now know which ones to invest in their latest projects, so this can also affect the crypto market. I am not sure about ICO anymore, even if the IEO in the low market does not guarantee its success in the future, so now is the year. it's better where the projects that come up are few but always come up with new innovations and that can make the crypto market much more interested, of course we will start new ones.
full member
Activity: 812
Merit: 142
July 24, 2020, 04:17:47 AM
#16
Investors would be less interested now in the ICO as compared to the time when we had huge growth and also good benefits for investors. But after the scam or coins which does not had any value where investors wasted their money resulted in people staying away from such projects. Also, in pandemic times might be people would not be willing to take that amount of risk due to uncertain future which still exists. All this might have hamper some of the projects.
legendary
Activity: 2506
Merit: 1394
July 24, 2020, 03:00:43 AM
#15
It is also because of the result of the bear market since last few years, the ICO is the best way to conduct a project which a lot of project even non-legit are entering in cryptocurrency just to scam lot of people and make money.
That's why you can see a very few projects are coming, because lots of people already learn their lesson on last few years with lot of different projects.
full member
Activity: 980
Merit: 114
July 24, 2020, 01:30:00 AM
#14
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
People and investment companies are now wise. We have lost a lot of money to scam projects and that has really affected us. Since ending of last year we have started seeing less and fewer projects meeting with their shift cap and that makes discouraged those with the aim of scamming other through new projects.
full member
Activity: 1904
Merit: 138
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July 24, 2020, 12:31:44 AM
#13
Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

 Probably. Or they are thinking of a new way on how to put up new projects for them to scam investors again. As you know, investors today are smart enough to choose a good projects. Unlike before that projects with a very good fake platform attracts investors and do some fund raised to scam them. The way ot used to be from previous years is way different today.

And because a lot of investors already learned their hard lesson from the past years, they are now very cautious with blockchain projects. And I guess it is good on the investors side, because the less scam projects here in crypto, the less number of investors being screwed. I hope only quality projects will proliferate in the market and see the real benefit of blockchain technology.
hero member
Activity: 1778
Merit: 520
July 24, 2020, 12:23:25 AM
#12
Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

 Probably. Or they are thinking of a new way on how to put up new projects for them to scam investors again. As you know, investors today are smart enough to choose a good projects. Unlike before that projects with a very good fake platform attracts investors and do some fund raised to scam them. The way ot used to be from previous years is way different today.
People still fall for these scam projects today also, it is just that the amount of funds being raised have drastically reduced as compared to the previous years where a below average project could also attract more than $10 million in their ICO fundings and still make a profit for investors as well on just the basis of a promised working project in the future. But nowadays people have changed how they would invest their money, they really want to see a working copy of the project first and only then invest in the project.
legendary
Activity: 3472
Merit: 10611
July 24, 2020, 12:22:04 AM
#11
it is THE CYCLE.

you see it is not just bitcoin price going up, ending in a bubble then bubble bursting. it is accompanied by a lot of new members coming in so many of them wanting to become rich over night and a lot of scammers becoming active again creating garbage and selling it to them by telling them things like "this coin is replacing bitcoin". consequently when the bitcoin bubble burst occurs and the market slows down a lot of those newbies go away and many other newbies gain enough experience to not-trust garbage coins anymore. as a result the scammers go into hibernation until another wave of newbies enter.
sr. member
Activity: 1330
Merit: 326
July 24, 2020, 12:13:53 AM
#10
Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

 Probably. Or they are thinking of a new way on how to put up new projects for them to scam investors again. As you know, investors today are smart enough to choose a good projects. Unlike before that projects with a very good fake platform attracts investors and do some fund raised to scam them. The way ot used to be from previous years is way different today.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
July 23, 2020, 11:21:26 PM
#9
We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

At the moment the world is in controversy for many facts, the Covid-19 is undoubtedly a fundamental that still gives us something to talk about, the projects have also been decreasing due to the regulations and controls that have been implemented. Investors' money prefers to put it on the safe side, in Bitcoin.

However, some nascent projects can be successful when Bitcoin takes its Bullish trend, at the moment the market has a lateralization, which makes it difficult to dive into the projects.
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