Topic: Why I think all crypto is scam - page 4. (Read 2214 times)
If this continues, then it means that lesser people will be interested in investing in crypto, but sometimes, reverse is the case. Some still believe that, despite all odds, they will still make their money. It's just that, the honest truth is, investors are reducing. Particular those who invest in new projects.
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.
Yes That's true,Roadmap is shit But not for all crypto projects Roadmap is needed because Roadmap like a Daily Routine for disciplinary actions at work,our society is not clean some are fake and scam always Stay with us, 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.
well its really depends where you're looking
there are many projects with huge scientific and technological value
there are projects with real adoption and organizations use them
there are real annoucement and real roadmaps
you just need to make research and filter the garbage
in real life there are always 95% failing projects in start-up world
not only in crypto
there are many projects with huge scientific and technological value
there are projects with real adoption and organizations use them
there are real annoucement and real roadmaps
you just need to make research and filter the garbage
in real life there are always 95% failing projects in start-up world
not only in crypto
Really this I think is the right idea. But all can be nice if the user is nice. Cryptocurrency is a double-edged sword if it can be used
Well, it’s not only crypto but such risks lie in everything that we use to invest our money as you said it’s a sword but it has so many reliabilities for us as well. I think scamming is not a huge issue with little care it can be solved. We just simply get verified projects and before investing should know about the history of that project and don’t invest in every new project.
Really this I think is the right idea. But all can be nice if the user is nice. Cryptocurrency is a double-edged sword if it can be used
I don't think so, there are many crypto projects already integrated in different industries and their amount is still growing. Crypto has a great future and I don't think it can die.
Scams are everywhere online and cryptocurrency is no different. It is true that scammer use imposter websites, fake mobile apps, scamming mail to promote their project but there is still a lot of projects that have real value and demand in the market. Maybe a lot of projects are scam nowadays but not all of them.
Most of project do that. Always delay delay and delay. So the ending is their token is dump and fail project.
I don't like project like that which always give delay in distribution, listed in anonymous exchange, and locked their token for airdropers.
I don't like project like that which always give delay in distribution, listed in anonymous exchange, and locked their token for airdropers.
Here is something which supports my opinion.
The number of dying Cryptos is increasing:
https://www.newsbtc.com/2019/12/02/altcoin-apocalypse-the-number-of-dying-crypto-currencies-is-rising/
The number of dying Cryptos is increasing:
https://www.newsbtc.com/2019/12/02/altcoin-apocalypse-the-number-of-dying-crypto-currencies-is-rising/
I also came to the conclusion that basically all crypto projects are fraud. I took part in bounty projects for almost two years and, following the fate of these projects, I see that not one of them has received its further development, even those projects that at first showed themselves as successful today turned into nothing.
I think you're very wrong about that. Yes, there is fraud in the crypto currency and without it today there is no industry. There are risks everywhere. It does not happen that a person easily becomes a millionaire. ICO is an occasion to explore the cryptocurrency industry but it is not a means for easy money making. After the ICO, people begin to learn programming or run their bounty companies as a Manager, thereby improving the quality of the community. Try not to be upset and learn more about this area of activity. Projects today are not in demand because of the huge competition in the market. All cryptocurrency can not be scam as many countries have agreed that the cryptocurrency industry is the key to the future and it is gradually developing.
I think that is not so. There are many good projects going on, but you missed it. Everything has two sides. I have been in Crypto for 10 years and this is my life
wow, you are very experienced I guess but is that true with your rank as a "member" you have known crypto for 10 years? that means that the age is the same as the age of this forum that just celebrated its 10th anniversary.it's true that not all crypto scams, because we can see there are so many platforms that were born and have been able to survive for several years on the market. I guess those who develop will still be able to survive.
I think that is not so. There are many good projects going on, but you missed it. Everything has two sides. I have been in Crypto for 10 years and this is my life
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.
Yes it is true that not all cryptos are scams, maybe only new coins are possible to become scams, if seen lately there are indeed many new projects becoming scams but it does not rule out the possibility of good projects and can develop, maybe now investors are starting hesitate to invest in a new project because of a scam and may need something that can encourage investors to return to invest.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.
Its harder these days to point out which is purely scam and which team is at least trying to survive. In olden days there were gimmicks to get registered allot of users and show the world that you have a community and the project is famous, even that wont work now.
This is another main issue or we may call hurdle in order to be genuine crypto promoter. Most of the common people think like this and make our life hard.
This is another main issue or we may call hurdle in order to be genuine crypto promoter. Most of the common people think like this and make our life hard.
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.
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.
Unfortunately some countries banned ICOs so these "fake projects" can't scam people out of their hard-earned fiat. On an additional note, some replies also mentioned use IEOs. However some of the same countries are also going to ban or have already banned them.
You may want to research tokens or STOs (secure token offerings) that are tied to legitimate startup projects. Those may be of more interest to you. I also thought that all virtual coins and their projects were a scam until recently. Then I started researching STOs with real-world business applications and attending a few AMA sessions headlined by these startups. Those really informed me that some projects are really trying to solve challenges in business, medicine, the arts, etc.
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 not all crypto are scam, new projects are most likely to become a scam. Saying a good project on day 1 is too risky, you must test the water first for you not to lose big. If the project extended so many times and keep on promising, then its a scam. There’s a lot of established crypto already and to make money with them is very easy so its not a scam not unless you are fooled and be a victim of scammers.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.
Not really everything, but most of them are. The highly anticipated projects such as Bittorent, Matic still do well in their stages and they deserve the trust of many investors. The most recent we can mention Rune and Cosmos. So the most important thing is that we need to choose the right project to invest. I know that this market is full of scams but if you need to invest, you should invest, only one chance. Anyway, we still need to learn more from the right investment experience, don't let the scam projects continue to take our money.
RUNE and Cosmos are already familiar to traders today, if you look at prices on coinamarketcap, RUNE has increased quite high by 25%, and is able to get into the top 200 coinmarketcaps, but in terms of trust I cannot guarantee that RUNE will be like Cosmos, because RUNE is still new in the crypto currencies
Not really everything, but most of them are. The highly anticipated projects such as Bittorent, Matic still do well in their stages and they deserve the trust of many investors. The most recent we can mention Rune and Cosmos. So the most important thing is that we need to choose the right project to invest. I know that this market is full of scams but if you need to invest, you should invest, only one chance. Anyway, we still need to learn more from the right investment experience, don't let the scam projects continue to take our money.
I also came to the conclusion that basically all crypto projects are fraud. I took part in bounty projects for almost two years and, following the fate of these projects, I see that not one of them has received its further development, even those projects that at first showed themselves as successful today turned into nothing.
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.
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.
Not all, the funny thing about this is there is coins that looks like scam but actually survive. but that kind of coin is facing intense problem on crypto world on how they manage to survive in the next month or year mostly this moment our market is in bearish stage.
Maybe lots of worthless or no actual utility uses coins are ending up of windled but not all.
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