Why I think all crypto is scam - page 16.

Taskford

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

Those you have encounter these day are totally bullshit and no one of new coins/tokens became reliable since they are just been created to scam and maybe if you want to do a safe investment try to go to the top coins and don't look with those what you are listed since for sure they will rekt your expectation.

But also you shouldn't generalize all since there are crypto who still do a good performance it's just you go on the wrong way that's why you are confused on things about it.

btcdie

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I think for the last time there has been a real movement to anticipate being scammed. whitepaper, roadmap, website, and wallet can all be made easily. just simply copy from a previous successful project. I think legitimate projects are usually very active in the real world rather than spreading events on the internet. if you let this all crypto reputation will worsen, at least there is a compact movement among crypto fans to fight this scammed.

I agree more with projects that are active in the real world, because this is purely a project that dares to face the public.

inanilujimi

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Activity: 1862

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

why are you still here if you realize that all crypto is a scam ??

what about altcoin which is in the top 10 cmc?
aren't they all real ??

robelneo

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

That's the reality I can give you a lot of coins like that, but at least they developed their project, they seem to lose motivation to move forward because it is not being adopted, and it fails their expectation, some of these coins targeted a wrong industry to create a token and they failed to gain support, developers should also do a research or feasibility study, not only building a coin for that industry because they want to be the first one to do so in that industry.

NathanJB

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The things that you mentioned are 100% true. You have expressed it rather accurately and powerfully also. But I don't think you should end up with the title all crypto is scam. Bitcoin is crypto. Well, I know you know that. Ethereum is crypto as well. What I want to say is that in this world of scams, there are some that are not. Those which started everything and those that came earlier than the rest are more legit than the majority of those who came late.

starluh1016

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Maybe you can rephrase your title into "90% of crypto is scam" because I really believe that not all crypto is scam for example bitcoin if this is scam then why would many government and countries are allowing this digital currency to circulate? Even people into government positions are holding bitcoin, and if you really believe that cryptos are scam then why are you still in this forum?

LouVandetta

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Activity: 602

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

You could say that, more or less what you've said got a point there. With no real development and meaningless actions that what makes investor kinda doubt ICOs and such.
They're just copying other projects ideas and improve it a little with a bit of fancy words. And how easy it was to create one project without further studies. They just throw everything in the announcement and roadmap but it holds no meaning. Even though not everything are a scammed, but the majority of them were scammed ones especially new ones or at least cannot be advanced further.

ecnalubma

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Its a sad reality, but we will see after ten years if some establishments will adopt them. We really don't need bunch of coins but we only those who really can perform and serve better. Yet we can't deny the fact that crypto is still in experimental level it takes more years to consider a real deal.

Asuspawer09

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

If you are talking about ICO's and dead altcoins in the market almost all of them are already dead in the market and don't have a market value.
Also, not all crypto is a scam there are still a few legit tokens just like some of the popular tokens today in the market just like bitcoin, ethereum, etc.
A lot of new tokens end up dead and also the roadmaps are just predictions of what could happen and what they are planning in the token it is not guaranteed because they cannot control the market value of the token in the market. The programmers can create a good enough token that could potentially have good market value but most of the time after the ICO the team of developers will forget about it.

karanggatak

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Quote from: Finestream on November 18, 2019, 06:46:25 PM

Those are the strategy that they are making, they want to look it legit when their purpose is just to scam.

however, I won't agree with you that all crypto are scam because there are still few that survives until now which they get the people's trust and support.
Take it for example, Binance coin, IIRC, they also had an ICO following the same scenario you've mentioned, but where they are now, they have a real used case of their project, their exchange is very popular and we using it now and benefiting from it.

yes, I agree with making a good road map of them or sometimes they also promise to take a big prize to be able to attract investors and then they cheat investors.
but I also believe that not all cryptos are scams. there are some crypto originating from the ICO project but can be successful and survive to this day such as ethereum, waves and binance. so even now I still believe in crypto. Not all crypto scams.

Aabcde

sr. member

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Yes, I think so too. Because in fact developers and investors have similarities and differences. They are both looking for fast cash by using the crypto. The difference is that sometimes there are developers who really build their projects without making a profit at the beginning. While investors only focus on profit and profit.
On the other hand, sometimes the use of crypto in the real world is not seen. Perhaps this is because the adoption of crypto has not been widespread and there are many restrictions from various countries on their people. This is what sometimes makes me think whether crypto is just a camouflage for developers to seek profits in an easy way.
Maybe this could just be a matter of time for the crypto world to be implemented well in the real world. I just hope bitcoin can continue to exist with good implementation to real life.

uneng

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Leading Crypto Sports Betting & Casino Platform

Quote from: whotheff on November 18, 2019, 01:40:31 PM

...

You have said many real facts, but we can't generalize all crypto are scam, maybe just 99%. Roll Eyes

I think at this point these projects you listed only attract people who want to earn stakes to promote them, because real investors who are looking for serious and rentable investments and want to invest nice amounts of money avoid these crypto currencies. This industry is losing too much credibility because these fail projects that just make people waste time and money.

setialovers

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Scams can be in any form and can not be avoided and this happens in all markets including stock or forex. With the number of coins and tokens traded in the market reaching more than 3500 types of coins and tokens, then to select them, we must first research. Not every coin or project is a scam because it is proven that in the top 100 coins attract many investors and already have a product

BlackFor3st

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Betking.io - Best Bitcoin Casino

Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

I am also curious about it, but I guess programmers are acting base on how much you have paid to them. If they are being paid to do that kind of stuff then the one who hire them has the control over the programmers, still there is a possibility that the programmers can manipulate the programs that they made anytime they like.

You have your point but I cannot agree with it that all crypto is scam as there are few that can certainly remain and maybe has the future to become the main currencies in the future.

NavI_027

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Chill bro

, now we knew why you really hate alt. Yup! I think what you really mean is alt and not cryptocurrency in general. Though they got similarities to bitcoin but still they are very far from it, because bitcoin got a higher possibility of going into mainstream compared on those tons of sh*tcoins in the market. And if you'll asky my own reason why I hate alts (the newer not the much stable), very simple, because it wastes not only your money but mainly your time and hopes which really sucks Sad

.

fuer44

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Quote from: CjMapope on November 18, 2019, 01:44:59 PM

Nice man, you figured it out Wink

hehe
no but really, many projects DO just do just that, i been calling them out on it for years, but people don't really care about much in crypto, except making money
most speculators are nothing but hopeless gamblers, and most projects are just fund raising time killers yupp Sad

BTC itself could have smart contracts, side chains, atomic swaps, all this shit, people just need to stop making their own projects to get rich and work together on BTC's code!

that's one of the weaknesses of the crypto industry, where one can easily create their own projects, raise funds, launch useless tokens, then they can make huge profits while investors suffer losses. the number of new projects is inseparable from the smart contract that is so easy to access new projects and at a small cost. only need a road map that is not very clear, the team is also unclear, they can already make it.

btc_angela

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And here's the thing, just look at how cheap it is to create your own crypto:

https://www.fiverr.com/gigs/cryptocurrency

So it makes sense that crypto that are popping right now are all shit because you can just spend what $100-$300 and voila, you release it, have ICO and then earn good $$$. Sad to say, everyone here is in for the profit. But I doubt that we can stop it, I mean this is open and free market and perhaps this is one of the biggest downside of it, and scammers are going to keep coming.

dirgayeah

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Maybe this statement appears because to many scam project come and go then leave us without nothing. I really agree almost all your point above. But in the reality, some project are really usefull and truly give a benefit to user. Like Gowithmi.

huu78

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Reality is so, nowadays many projects are just nonsense, different from a good project that is hard to find and that can be fared equally to the other.
But not all crypto is a scam, just the time is not right now because investors have very little confidence in the new project and prefer the old altcoin or invest in bitcoins for the long term.

Darktongue

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Quote from: whotheff on November 18, 2019, 01:40:31 PM

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

Most of the project are doing same that's why we had faced this extra extra situation. Legit project doesn't same, just take a lessons from few legit project that's make you stronger to believe. One problem is the main money transfer from any place to another in our world.

Topic: Why I think all crypto is scam - page 16. (Read 2214 times)