Why I think all crypto is scam - page 2.

aioc

hero member

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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 of so many projects now, some projects that started in 2017 are nowhere to be found now, and if they are still around, they are almost a shit and dead coins and there are no more updates coming from the developers, I even see a thread that some guy are offering to take over a dead projects.

FaithInCrypto

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mada mada dane

There's no problem if you're being careful but saying that all ICOs are a scam then you shouldn't be in crypto at all in my opinion. I don't blame anyone who looks at ICOs as scam as I myself think about bad things when it comes to startups too Grin

It's really bad that most projects now turn to scam after they have the money from investors so it's on our own if we think that certain ICO has good future and invest on.

starblocks

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Not all cryptocurrency projects are scams, but a lot of ICOs are not legitimate ventures and are designed purely for cashing in on the boom that occurred some two years ago now, however, there are lots of legitimate crypts that have a good ranking as well as decent technology offerings and real world use cases and these are the ones that are worth while focusing on

Peanyut991

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Maybe there are some scam altcoins, because developers don't take care of their coins anymore. But of course not all altcoin scams such as Ethereum. Obviously ethereum has supporting technology such as the smart contract and blockchain itself.

yohananaomi

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Quote from: Ezravdb on December 14, 2019, 04:17:09 PM

roadmap have quite a deep meaning for each project. but the roadmap has meaning for us to be able to judge this project as a scam or not. some projects often betray the roadmap and do not go according to plan. this year all new projects have a planned road map meaning that all is not well implemented. they just want money and leave the project.

it has been proven that many projects that grow only for a momentary profit, there is no main intention to develop the project, as you say they make projects only want profit for themselves and leave the project after they reap the benefits. so that many investors refrain from many new projects that grow and result in no interest, making many scam projects born.
hope that in the new year there will be changes for many projects that are born well.

tartibaya

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Frauds are increasing every day in Altcoin projects. The whole project may not be fake. But there are some tricks. In the past, there were tokens created in the Ethereum network. ICO would explain how much money they were raising. However, this transparency is disappearing with each passing day.

bigcash2011

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Most of the projects that keep on delaying or issue new roadmaps and promises are just not worth it for me i consider this as red flag now because i have already seen many projects end up as dead or scam where the hodlers loose all their investment just due to positivity and thinking that the people behind the project will deliver sooner or later.

Ezravdb

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Trphy.io

roadmap have quite a deep meaning for each project. but the roadmap has meaning for us to be able to judge this project as a scam or not. some projects often betray the roadmap and do not go according to plan. this year all new projects have a planned road map meaning that all is not well implemented. they just want money and leave the project.

iamsange

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Quote from: jcarlo on December 13, 2019, 02:01:35 AM

Quote from: iamsange on December 13, 2019, 12:58:47 AM

Quote from: Prompyboo on December 12, 2019, 02:12:27 PM

Quote from: [email protected] on December 12, 2019, 12:44:12 PM

Quote from: azisjz4 on December 12, 2019, 12:39:31 PM

Not all crypto scams, there are some that are legit and successful even though only very few. Maybe you say all crypto scams, because of your experience in participating in all scam projects, and indeed there are many projects that have failed and many of them are scams. It's better to wait for the beginning of next year, hopefully crypto can be back victorious like 2 years ago

most new people who invest in new projects certainly make a bad experience with the many projects that fail and scam. but for people who have been in the crypto market for a long time, of course, understand and know how to choose assets and projects that are truly profitable in the current conditions.

even those people who have been on the market for a long time now also do not know which projects will be successful and which will not. they just learned not to invest in an obvious scam, but then it becomes more difficult to find a good project

Crypto for now maybe covered by new project. I mean hype of ICO and other kind of that sales trend really make people know if crypto is kind of investment. And then it will turn to scam or success. But in past when ICO not really hyped, people trade and there are not much project scam or success project, coin is a coin that we can trade and the risk/profit is on our hands how we manage our assets in market.

New projects may be influential, but in my opinion crypto price movements in the market are dominated by old coins or new coins from the IEO from large exchangers. People's bad perception of crypto is indeed because of the many new projects that are scams but in my opinion it should not justify all crypto is a scam because only new projects and also not all ICOs are scams.

People nowadays sometime really like to generalize everything. For example like this title of topic. Maybe people for now must really do analysis or research about cryptocurrency before involved in it. Because there are a ton of coin, old, new, success, fail, high price, low price in market and maybe will need a lot of time to understand all of it.

griffinf683

newbie

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Honestly, thats the fact for most projects especially ICOs. But that fact that these projects are having all these process and all, cryptocurrency and blockchain I think are still in the stage where we are testing them out. Trying out new things, the adoption that we really wanted can really be done for now because of uncertainty that these projects have. Risks is what they obviously are offering. That is why we always do research on them. First thing we saw a project that we think is great, do some research already. Simple.

devillnj2.1

jr. member

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I do really understand your point, not all but theres a lot who use crypto currency just to make money, as an investor we really need to be more carefully to where our money will be invested to. there are real projects created for advancement and development, dont look only on the project, consider other factor like partnership to top exchanger which is very strict about listing like binance.

TitanGEL

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Quote from: White Christmas on December 14, 2019, 06:43:14 AM

Quote from: Magkirap on December 14, 2019, 05:40:57 AM

Quote from: DevilSlayer on December 14, 2019, 01:58:45 AM

Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.

Indeed the decision whether you will get scammed or not in investing money in some projects depends on you, depends if you have researched enough about a certain projects to consider it as a legitimate project that can really be a good place to put your money in. Finding a good project requires time and effort that can be woth it once you find a really good project.

There are still some rare projects that are legitimate but not popular and the person who are handling the project was not quiet famous so the number of people who are participating and supporting to the project are few. If we really wants to find a good and legitimate project in which we can invest our money, then probably we must really do a proper research about the background of the project to avoid scamming projects and those projects that have the intention to cheat on us. You can also find those good projects by asking fellow crypto enthusiast.

It is called rare because these projects are hard to find. I do not invest anymore in ICOs and IEOs after I lose 50% of my capital. I regretted that moment but for me it is ok because I learned many things from it. We should really allocate many hours in studying and researching in an investment if we want to identify it as a legit project or a scam project. These rare projects can find out if we have a lot of knowledge that we can get through studying.

White Christmas

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Quote from: Magkirap on December 14, 2019, 05:40:57 AM

Quote from: DevilSlayer on December 14, 2019, 01:58:45 AM

Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.

Indeed the decision whether you will get scammed or not in investing money in some projects depends on you, depends if you have researched enough about a certain projects to consider it as a legitimate project that can really be a good place to put your money in. Finding a good project requires time and effort that can be woth it once you find a really good project.

There are still some rare projects that are legitimate but not popular and the person who are handling the project was not quiet famous so the number of people who are participating and supporting to the project are few. If we really wants to find a good and legitimate project in which we can invest our money, then probably we must really do a proper research about the background of the project to avoid scamming projects and those projects that have the intention to cheat on us. You can also find those good projects by asking fellow crypto enthusiast.

Magkirap

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Quote from: DevilSlayer on December 14, 2019, 01:58:45 AM

Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.

Indeed the decision whether you will get scammed or not in investing money in some projects depends on you, depends if you have researched enough about a certain projects to consider it as a legitimate project that can really be a good place to put your money in. Finding a good project requires time and effort that can be woth it once you find a really good project.

Henrytrust

copper member

Activity: 238

Merit: 1

It's quite funny that we know the truth about cryptocurrency and blockchain industry but still join in the charade. The sole reason is because we have an opportunity to share in the ponzi and gambling that it brings. We are busy reading whitepaper when we know deep down in our minds that nothing of such would be adopted. Its such a shame that we know this truth but still choose to be stock here.

DevilSlayer

sr. member

Activity: 1414

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Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.

joseyphil82

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Quote from: Jocuserious on December 14, 2019, 01:28:43 AM

I think new project like ico gone to death because more smart investors leave already for fake project Roadmap, whitepaper, and false developing promising. Basically at the time if one project want good successful their token sale then need IEO program with a popular exchange properly.

So crypto market not scam yet but absolutely new project and old unless project gone to scam. My mind already change because i get loss money for using invest in ICO so i won't invest a new project with analysis.

If crypto idea is bad in the first place no single scammer will invade, 2017 crypto success wakes scammers up but now it's all in investors hand to avoid scammers with research, why still invest in ICO when they are not making sense anymore? We have IEO and it's performing very well so far

Jocuserious

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I think new project like ico gone to death because more smart investors leave already for fake project Roadmap, whitepaper, and false developing promising. Basically at the time if one project want good successful their token sale then need IEO program with a popular exchange properly.

So crypto market not scam yet but absolutely new project and old unless project gone to scam. My mind already change because i get loss money for using invest in ICO so i won't invest a new project with analysis.

meliodas

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Quote from: arimamib on December 13, 2019, 02:16:05 PM

Quote from: ?? on ??

Quote from: makolz26 on December 13, 2019, 12:55:15 PM

Quote from: imutlinda on December 13, 2019, 11:57:30 AM

Quote from: firesurfer on December 13, 2019, 11:30:49 AM

i totally don't understand with this statement, how you can say all crypto. you think how enjin can partnership with Samsung and Microsoft? and XLM with imb? and currently ULTRA with AMD.
there is many project i can't say one by one

crypto will continue to grow to complement the technological requirements, many projects are working with large industries. and I'm sure that crypto will continue to grow slowly, and certainly it takes time to achieve it. so far to say crypto is a scam is the view of few people

That is correct, crypto will continue to expand no matter what, for those people who keep saying that crypt is scam means they are not really aware what they are doing, they just know that they can earn, but they know which kind of project they are putting their money at and they are just after the profit that they can have and not after the change that will happen in the future.

Ignore the mess and focus on the market advantages, this is my motto in such cases. Profit is second priority after developing your skills and market experience. Just my 2 cents.

it's better to focus on what we know and also look for profit because in times like this the market still continues to provide benefits even though not much too. than we continue to think badly of crypto, because at this time the recognition of crypto is quite large so if there is an assumption that crypto is a fraud there might be a certain purpose

Just because there are cryptocurrency projects that turned out to be a scam then it is a valid situation to call cryptocurrency a fraud. Cryptocurrency is already popular in most of the developed countries and almost all of the big industries are now in a transition to implement blockchain to their system.

arimamib

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Quote from: ?? on ??

Quote from: makolz26 on December 13, 2019, 12:55:15 PM

Quote from: imutlinda on December 13, 2019, 11:57:30 AM

Quote from: firesurfer on December 13, 2019, 11:30:49 AM

i totally don't understand with this statement, how you can say all crypto. you think how enjin can partnership with Samsung and Microsoft? and XLM with imb? and currently ULTRA with AMD.
there is many project i can't say one by one

crypto will continue to grow to complement the technological requirements, many projects are working with large industries. and I'm sure that crypto will continue to grow slowly, and certainly it takes time to achieve it. so far to say crypto is a scam is the view of few people

That is correct, crypto will continue to expand no matter what, for those people who keep saying that crypt is scam means they are not really aware what they are doing, they just know that they can earn, but they know which kind of project they are putting their money at and they are just after the profit that they can have and not after the change that will happen in the future.

Ignore the mess and focus on the market advantages, this is my motto in such cases. Profit is second priority after developing your skills and market experience. Just my 2 cents.

it's better to focus on what we know and also look for profit because in times like this the market still continues to provide benefits even though not much too. than we continue to think badly of crypto, because at this time the recognition of crypto is quite large so if there is an assumption that crypto is a fraud there might be a certain purpose

Topic: Why I think all crypto is scam - page 2. (Read 2214 times)